O 
8,637.00
+0.77%
Close of 6 Nov 2026, in ILA
At a glance
Figures in ILS, from our data supplier.
Revenue
ILS 2.78bn
FY2015FY2024
Net income
ILS 111.0m
FY2015FY2024
Free cash flow
−ILS 495.0m
FY2015FY2024
Shareholders' equity
ILS 4.75bn
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ILS 2.78bn | ILS 2.55bn | ILS 1.93bn | ILS 1.57bn | ILS 1.36bn | ILS 1.33bn | ILS 1.31bn | ILS 1.32bn | ILS 1.25bn | ILS 1.24bn |
| Gross profit | ILS 531.0m | ILS 437.0m | ILS 332.0m | ILS 318.0m | ILS 238.0m | ILS 314.0m | ILS 277.0m | ILS 245.7m | ILS 183.1m | ILS 390.6m |
| Research and development | ILS 45.0m | ILS 58.0m | ILS 50.0m | ILS 27.0m | ILS 9.0m | — | — | — | — | — |
| Operating income | ILS 211.0m | ILS 192.0m | ILS 43.0m | ILS 114.0m | ILS 180.0m | ILS 268.3m | ILS 224.9m | ILS 206.2m | ILS 154.3m | ILS 371.9m |
| Net income | ILS 111.0m | ILS 144.0m | ILS 167.0m | −ILS 219.0m | −ILS 61.0m | ILS 90.5m | ILS 73.0m | ILS 35.5m | ILS 69.9m | ILS 164.9m |
| Diluted earnings per share | 0.46 | 0.63 | 0.78 | -1.15 | -0.37 | 0.62 | 0.55 | 0.31 | 0.52 | 1.25 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ILS 12.07bn | ILS 12.62bn | ILS 9.53bn | ILS 7.68bn | ILS 5.58bn | ILS 3.49bn | ILS 3.39bn | ILS 3.26bn | ILS 2.58bn | ILS 3.07bn |
| Cash and short-term investments | ILS 962.0m | ILS 1.01bn | ILS 974.0m | ILS 731.0m | ILS 1.81bn | ILS 500.5m | ILS 516.9m | ILS 508.9m | ILS 102.5m | ILS 654.1m |
| Total liabilities | ILS 7.32bn | ILS 8.77bn | ILS 6.03bn | ILS 5.42bn | ILS 3.91bn | ILS 2.71bn | ILS 2.71bn | ILS 2.66bn | ILS 2.13bn | ILS 2.71bn |
| Debt | ILS 4.67bn | ILS 5.77bn | ILS 4.22bn | ILS 3.84bn | ILS 3.01bn | ILS 2.17bn | ILS 2.20bn | ILS 2.15bn | ILS 1.74bn | ILS 2.13bn |
| Shareholders' equity | ILS 4.75bn | ILS 3.85bn | ILS 3.51bn | ILS 2.26bn | ILS 1.67bn | ILS 787.3m | ILS 677.8m | ILS 600.3m | ILS 447.1m | ILS 360.6m |
| Shares outstanding | 241m | 229m | 214m | 190m | 167m | 145m | 134m | 114m | 134m | 132m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ILS 765.0m | ILS 495.0m | ILS 207.0m | ILS 385.0m | ILS 357.0m | ILS 391.6m | ILS 310.7m | ILS 409.7m | ILS 94.9m | ILS 314.8m |
| Capital spending | −ILS 1.26bn | −ILS 1.22bn | −ILS 869.0m | −ILS 746.0m | −ILS 250.0m | −ILS 121.7m | −ILS 249.2m | −ILS 368.6m | −ILS 243.9m | −ILS 58.1m |
| Free cash flow | −ILS 495.0m | −ILS 728.0m | −ILS 662.0m | −ILS 361.0m | ILS 107.0m | ILS 269.9m | ILS 61.5m | ILS 41.1m | −ILS 149.0m | ILS 256.7m |
| Dividends paid | — | — | — | — | — | −ILS 236.0m | — | −ILS 67.2m | — | — |
Latest quarters
By quarter end
| Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ILS 895.0m | ILS 701.0m | ILS 660.0m | ILS 589.0m | ILS 879.0m | ILS 673.0m | ILS 638.0m | ILS 581.0m |
| Gross profit | ILS 233.0m | ILS 103.0m | ILS 97.0m | ILS 79.0m | ILS 207.0m | ILS 111.0m | ILS 134.0m | ILS 66.0m |
| Operating income | ILS 117.0m | ILS 1.0m | ILS 29.0m | −ILS 11.0m | ILS 144.0m | ILS 47.0m | ILS 31.0m | ILS 44.0m |
| Net income | ILS 183.0m | ILS 5.0m | ILS 66.0m | ILS 28.0m | ILS 81.0m | −ILS 16.0m | ILS 18.0m | ILS 23.0m |
| Diluted earnings per share | 0.64 | 0.02 | 0.26 | 0.10 | 0.33 | -0.07 | 0.08 | 0.10 |
| Total assets | ILS 13.63bn | ILS 12.72bn | ILS 12.29bn | ILS 12.07bn | ILS 13.46bn | ILS 12.94bn | ILS 12.58bn | ILS 12.62bn |
| Cash and short-term investments | ILS 2.30bn | ILS 1.59bn | ILS 837.0m | ILS 962.0m | ILS 1.15bn | ILS 722.0m | ILS 838.0m | ILS 1.01bn |
| Debt | ILS 4.20bn | ILS 4.43bn | ILS 4.35bn | ILS 4.36bn | ILS 5.29bn | ILS 5.33bn | ILS 5.31bn | ILS 5.17bn |
| Shareholders' equity | ILS 6.27bn | ILS 5.28bn | ILS 4.86bn | ILS 4.75bn | ILS 4.76bn | ILS 3.95bn | ILS 3.89bn | ILS 3.85bn |
Financial ratios
Data as of 23 Sept 2026
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|
| Gross margin | 16.9% | 19.1% | 28.4% | 17.2% | 20.1% | 18.4% |
| Operating margin | 10.2% | 22.9% | 17.0% | 17.1% | 7.2% | 10.8% |
| Net margin | 11.5% | 4.0% | 5.6% | 8.7% | -19.3% | -3.2% |
| Return on equity | 5.3% | 2.3% | 3.7% | 4.8% | -13.4% | -2.5% |
| Return on assets | 2.3% | 0.9% | 1.1% | 1.8% | -3.9% | -0.8% |
| Free cash flow yield | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.0% |
| Revenue growth | 8.0% | 8.9% | 32.4% | 22.3% | 18.8% | -0.4% |
| Earnings growth | 211.7% | -22.9% | -13.8% | -154.9% | 626.4% | -133.5% |
| Current ratio | 3.10x | 2.09x | 1.30x | 2.28x | 1.50x | 3.13x |
| Debt to equity | 0.87x | 0.98x | 1.45x | 1.18x | 1.68x | 1.79x |
| Equity ratio | 43.2% | 39.4% | 30.5% | 36.8% | 29.3% | 30.0% |
| Interest coverage | 1.13x | 1.85x | 1.49x | 2.03x | 0.65x | 1.62x |
| R&D as a share of sales | 0.5% | 1.6% | 2.3% | 2.6% | 0.3% | 0.5% |
| Buybacks as a share of market value | -16.5% | -8.8% | -3.9% | -13.6% | -26.7% | -8.5% |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | 20.8% | 15.9% | 6.5% |
| Operating income | 22.8% | -4.7% | -3.0% |
| Net income | — | 4.2% | 0.3% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 18.2% | 18.3% | 18.8% | 19.8% |
| Operating margin | 7.6% | 6.3% | 8.7% | 12.4% |
| Net margin | 4.8% | 2.3% | 2.0% | 3.8% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|
| Price to earnings | 64.5 | 37.3 | 50.3 | -30.4 | -90.4 | 46.5 | 34.8 | 56.1 |
| Price to sales | 2.6 | 2.1 | 4.4 | 4.2 | 4.0 | 3.2 | 1.9 | 1.5 |
Dividends and splits
Per share, in the currency the company pays
Paid for 0 years. Last went ex-dividend on 24 Oct 2019.
| FY2019 | FY2017 | |
|---|---|---|
| Paid in the year | 1.649 | 0.449 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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