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Plus500

DB:P55
Snowflake Description

Flawless balance sheet, good value and pays a dividend.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
P55
DB
£888M
Market Cap
  1. Home
  2. DE
  3. Diversified Financials
Company description

Plus500 Ltd. develops and operates an online trading platform for individual customers to trade contracts for difference (CFDs). The last earnings update was 60 days ago. More info.


Add to Portfolio Compare Print
  • Plus500 has significant price volatility in the past 3 months.
P55 Share Price and Events
7 Day Returns
9.9%
DB:P55
5%
DE Diversified Financial
2.5%
DE Market
1 Year Returns
-34.3%
DB:P55
1.4%
DE Diversified Financial
2.6%
DE Market
P55 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Plus500 (P55) 9.9% 13.1% 26.2% -34.3% - -
DE Diversified Financial 5% 7% -5% 1.4% 75.8% 333.8%
DE Market 2.5% 0.2% 1% 2.6% 7.8% 23.7%
1 Year Return vs Industry and Market
  • P55 underperformed the Diversified Financial industry which returned 1.4% over the past year.
  • P55 underperformed the Market in Germany which returned 2.6% over the past year.
Price Volatility
P55
Industry
5yr Volatility vs Market
Related Companies

P55 Value

 Is Plus500 undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Plus500 to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Plus500.

DB:P55 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= $1.98 * 80.4%
$1.59
Book Value of Equity per Share Median Book Value from the past 5 years. $1.98
Discount Rate (Cost of Equity) See below 5.1%
Perpetual Growth Rate 10-Year DE Government Bond Rate 0.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:P55
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate 0.2%
Equity Risk Premium S&P Global 6%
Diversified Financial Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.72 (1 + (1- 23%) (0.53%))
0.814
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.81
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.23% + (0.814 * 5.96%)
5.08%

Discounted Cash Flow Calculation for DB:P55 using Excess Returns Model Model

The calculations below outline how an intrinsic value for Plus500 is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

DB:P55 Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (80.4% – 5.08%) * $1.98)
$1.49
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= $1.49 / (5.08% - 0.23%)
$30.78
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= $1.98 + $30.78
$32.76
DB:P55 Discount to Share Price
Calculation Result
Exchange Rate USD/GBP
(Reporting currency to currency of LSE:PLUS)
0.788
Value per Share
(GBP)
= Value per Share in USD x Exchange Rate (USD/GBP)
= $32.76 x 0.788
£25.83
Non-primary Listing Adjustment Factor 1 share in DB:P55 represents 1.13114x of LSE:PLUS
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
1.13114x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (GBP) x Listing Adjustment Factor
= £ 25.83 x 1.13114
€29.22
Value per share (EUR) From above. €29.22
Current discount Discount to share price of €9.02
= -1 x (€9.02 - €29.22) / €29.22
69.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Plus500 is available for.
Intrinsic value
>50%
Share price is €9.02 vs Future cash flow value of €29.22
Current Discount Checks
For Plus500 to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Plus500's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Plus500's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Plus500's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Plus500's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:P55 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $1.49
LSE:PLUS Share Price ** LSE (2019-10-09) in GBP £7.98
LSE:PLUS Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.268 $10.12
Germany Diversified Financial Industry PE Ratio Median Figure of 6 Publicly-Listed Diversified Financial Companies 27.82x
Germany Market PE Ratio Median Figure of 417 Publicly-Listed Companies 19.72x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Plus500.

DB:P55 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= LSE:PLUS Share Price ÷ EPS (both in USD)

= 10.12 ÷ 1.49

6.81x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Plus500 is good value based on earnings compared to the DE Diversified Financial industry average.
  • Plus500 is good value based on earnings compared to the Germany market.
Price based on expected Growth
Does Plus500's expected growth come at a high price?
Raw Data
DB:P55 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 6.81x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
1.6%per year
Europe Diversified Financial Industry PEG Ratio Median Figure of 13 Publicly-Listed Diversified Financial Companies 1.81x
Germany Market PEG Ratio Median Figure of 264 Publicly-Listed Companies 1.38x

*Line of best fit is calculated by linear regression .

DB:P55 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 6.81x ÷ 1.6%

4.25x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Plus500 is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Plus500's assets?
Raw Data
DB:P55 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $2.26
LSE:PLUS Share Price * LSE (2019-10-09) in GBP £7.98
LSE:PLUS Share Price converted to USD reporting currency Exchange rate (GBP/ USD) 1.268 $10.12
Germany Diversified Financial Industry PB Ratio Median Figure of 9 Publicly-Listed Diversified Financial Companies 3.77x
Germany Market PB Ratio Median Figure of 597 Publicly-Listed Companies 1.74x
DB:P55 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= LSE:PLUS Share Price ÷ Book Value per Share (both in USD)

= 10.12 ÷ 2.26

4.48x

* Primary Listing of Plus500.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Plus500 is overvalued based on assets compared to the DE Diversified Financial industry average.
X
Value checks
We assess Plus500's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Diversified Financial industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Diversified Financial industry average (and greater than 0)? (1 check)
  5. Plus500 has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

P55 Future Performance

 How is Plus500 expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
1.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Plus500 expected to grow at an attractive rate?
  • Plus500's earnings growth is expected to exceed the low risk savings rate of 0.2%.
Growth vs Market Checks
  • Plus500's earnings growth is positive but not above the Germany market average.
  • Plus500's revenue growth is expected to exceed the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:P55 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:P55 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 1.6%
DB:P55 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 7.9%
Germany Diversified Financial Industry Earnings Growth Rate Market Cap Weighted Average 17.3%
Europe Diversified Financial Industry Revenue Growth Rate Market Cap Weighted Average 0.6%
Germany Market Earnings Growth Rate Market Cap Weighted Average 12.8%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:P55 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:P55 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 485 174 2
2021-12-31 430 173 147 4
2020-12-31 406 169 143 4
2019-12-31 361 170 144 4
2019-10-12
DB:P55 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 402 147 169
2019-03-31 561 274 274
2018-12-31 720 400 379
2018-09-30 718 400 375
2018-06-30 715 400 371
2018-03-31 576 306 285
2017-12-31 437 212 200
2017-09-30 395 184 182
2017-06-30 354 157 163
2017-03-31 341 133 140
2016-12-31 328 109 117
2016-09-30 319 103 109

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Plus500's earnings are expected to grow by 1.6% yearly, however this is not considered high growth (20% yearly).
  • Plus500's revenue is expected to grow by 7.9% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:P55 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Plus500 Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:P55 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31 1.40 1.65 1.15 2.00
2020-12-31 1.32 1.46 1.17 2.00
2019-12-31 1.28 1.28 1.27 2.00
2019-10-12
DB:P55 Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 1.49
2019-03-31 2.41
2018-12-31 3.33
2018-09-30 3.29
2018-06-30 3.25
2018-03-31 2.50
2017-12-31 1.75
2017-09-30 1.58
2017-06-30 1.42
2017-03-31 1.22
2016-12-31 1.02
2016-09-30 0.95

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Plus500 will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Plus500's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Germany market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Plus500 has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

P55 Past Performance

  How has Plus500 performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Plus500's growth in the last year to its industry (Diversified Financial).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Plus500 has delivered over 20% year on year earnings growth in the past 5 years.
  • Plus500's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Plus500's 1-year earnings growth is negative, it can't be compared to the Europe Diversified Financial industry average.
Earnings and Revenue History
Plus500's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Plus500 Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:P55 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 402.30 168.90 181.80
2019-03-31 561.35 273.95 198.45
2018-12-31 720.40 379.00 215.10
2018-09-30 717.90 374.85 220.20
2018-06-30 715.40 370.70 225.30
2018-03-31 576.30 285.20 202.00
2017-12-31 437.20 199.70 178.70
2017-09-30 395.45 181.57 163.23
2017-06-30 353.69 163.44 147.77
2017-03-31 340.81 140.34 162.59
2016-12-31 327.93 117.24 177.41
2016-09-30 318.67 108.85 174.35
2016-06-30 309.40 100.45 171.28
2016-03-31 292.53 98.51 157.17
2015-12-31 275.65 96.57 143.06
2015-09-30 261.82 92.94 131.97
2015-06-30 247.98 89.31 120.88
2015-03-31 238.42 95.88 102.21
2014-12-31 228.87 102.45 83.54
2014-09-30 201.99 95.73 71.45
2014-06-30 175.12 89.00 59.36
2014-03-31 146.25 72.31 65.03
2013-12-31 113.72 50.63 47.89
2013-09-30 91.30 36.72 43.31
2013-06-30 68.88 22.80 38.74
2012-12-31 55.95 17.10 33.05

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Plus500 made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Plus500 used its assets more efficiently than the DE Diversified Financial industry average last year based on Return on Assets.
  • Unable to establish if Plus500 improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Plus500's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Diversified Financial industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Plus500 has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

P55 Health

 How is Plus500's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Plus500's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Plus500 is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Plus500's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Plus500's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Plus500 has no debt, it does not need to be covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Plus500 Company Filings, last reported 3 months ago.

DB:P55 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 256.10 0.00 327.30
2019-03-31 256.10 0.00 327.30
2018-12-31 280.70 0.00 315.30
2018-09-30 280.70 0.00 315.30
2018-06-30 322.70 0.00 511.70
2018-03-31 322.70 0.00 511.70
2017-12-31 225.90 0.00 241.90
2017-09-30 225.90 0.00 241.90
2017-06-30 148.51 0.00 220.61
2017-03-31 148.51 0.00 220.61
2016-12-31 136.00 0.00 136.48
2016-09-30 136.00 0.00 136.48
2016-06-30 89.96 0.00 96.14
2016-03-31 89.96 0.00 96.14
2015-12-31 117.65 0.00 156.50
2015-09-30 117.65 0.00 156.50
2015-06-30 86.07 0.00 95.53
2015-03-31 86.07 0.00 95.53
2014-12-31 110.46 0.00 139.16
2014-09-30 110.46 0.00 139.16
2014-06-30 88.77 0.00 115.18
2014-03-31 88.77 0.00 115.18
2013-12-31 68.01 0.00 84.11
2013-09-30 68.01 0.00 84.11
2013-06-30 18.57 0.00 32.73
2012-12-31 11.95 0.00 22.49
  • Plus500 has no debt.
  • Plus500 has not taken on any debt in the past 5 years.
  • Plus500 has no debt, it does not need to be covered by operating cash flow.
  • Plus500 has no debt, therefore coverage of interest payments is not a concern.
X
Financial health checks
We assess Plus500's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Plus500 has a total score of 6/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

P55 Dividends

 What is Plus500's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
19.75%
Current annual income from Plus500 dividends. Estimated to be 7.5% next year.
If you bought €2,000 of Plus500 shares you are expected to receive €395 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Plus500's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.46%).
  • Plus500's dividend is above the markets top 25% of dividend payers in Germany (3.86%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:P55 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Europe Diversified Financial Industry Average Dividend Yield Market Cap Weighted Average of 32 Stocks 3.2%
Germany Market Average Dividend Yield Market Cap Weighted Average of 337 Stocks 3.1%
Germany Minimum Threshold Dividend Yield 10th Percentile 0.8%
Germany Bottom 25% Dividend Yield 25th Percentile 1.5%
Germany Top 25% Dividend Yield 75th Percentile 3.9%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:P55 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 0.56 1.00
2021-12-31 0.85 4.00
2020-12-31 0.80 4.00
2019-12-31 0.68 4.00
2019-10-12
DB:P55 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-03-01 1.998 24.226
2019-02-12 1.998 18.122
2018-08-13 2.827 15.311
2018-03-20 1.687 8.122
2018-02-14 1.687 10.774
2017-08-07 0.892 7.055
2017-03-07 0.885 13.761
2017-02-07 0.885 16.195
2016-09-05 0.861 13.492
2016-03-15 0.841 9.295
2016-02-17 0.841 10.078
2015-12-15 0.778 12.247
2015-03-18 0.801 12.478
2015-02-25 0.801 7.779
2014-08-13 0.385 4.819
2014-03-10 0.220 2.435
2014-02-19 0.220 2.576

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Plus500 has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Dividend payments have increased, but Plus500 only paid a dividend in the past 6 years.
Current Payout to shareholders
What portion of Plus500's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (2.5x coverage).
X
Income/ dividend checks
We assess Plus500's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Plus500 afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Plus500 has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

P55 Management

 What is the CEO of Plus500's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Asaf Elimelech
COMPENSATION $6,030,000
AGE 38
TENURE AS CEO 3.4 years
CEO Bio

Mr. Asaf Elimelech has been the Chief Executive Officer of Plus500 Ltd. since May 8, 2016 and its Executive Director of Plus500 Ltd. since February 28, 2016. Mr. Elimelech is a Director of Plus500UK Ltd. Mr. Elimelech served as Joint Chief Executive Officer of Plus500 Ltd. from February 28, 2016 May 8, 2016 to and also served as its Chief Subsidiaries Officer until March 6 2016. Mr. Elimelech is responsible for all subsidiaries within Plus500. He served as the Chief Executive Officer of Plus500AU Pty Ltd. and has worked for the Group for the last three years. He serves as a Director of Plus500UK Limited, Plus500AU PTY. LTD and Plus500IL Ltd. Prior to joining Plus500, Mr. Elimelech was a supervisor at PwC Israel from 2008 to 2012, specialising in biotech and commercial audit, as well as providing tax services to clients. Mr. Elimelech holds a B.A. in Accounting and Economics from Haifa University and is a certified accountant in Israel.

CEO Compensation
  • Asaf's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
  • Asaf's remuneration is higher than average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Plus500 management team in years:

3.5
Average Tenure
39.5
Average Age
  • The tenure for the Plus500 management team is about average.
Management Team

Asaf Elimelech

TITLE
CEO & Executive Director
COMPENSATION
$6M
AGE
38
TENURE
3.4 yrs

Elad Even-Chen

TITLE
Group CFO
COMPENSATION
$6M
AGE
33
TENURE
3.6 yrs

Gal Haber

TITLE
MD & Executive Director
COMPENSATION
$347K
AGE
45
TENURE
3.4 yrs

Ari Shotland

TITLE
Chief Technology Officer
TENURE
1.2 yrs

Dana Comber

TITLE
Legal & Company Secretary
AGE
32

Elad Ben-Izhak

TITLE
Vice President of Marketing
COMPENSATION
$3M
AGE
45

Inbal Marom

TITLE
Vice President of Finance
COMPENSATION
$426K
AGE
39
TENURE
3.6 yrs

Omer Elazari

TITLE
Vice President Research and Development of Server
COMPENSATION
$378K
AGE
40

Alon Gonen

TITLE
Senior Strategy Advisor
COMPENSATION
$378K
AGE
42
TENURE
3.6 yrs
Board of Directors Tenure

Average tenure and age of the Plus500 board of directors in years:

3.7
Average Tenure
50
Average Age
  • The tenure for the Plus500 board of directors is about average.
Board of Directors

Penny Judd

TITLE
Non-Executive Chairman
AGE
56
TENURE
2.3 yrs

Asaf Elimelech

TITLE
CEO & Executive Director
COMPENSATION
$6M
AGE
38
TENURE
3.7 yrs

Elad Even-Chen

TITLE
Group CFO
COMPENSATION
$6M
AGE
33
TENURE
3.3 yrs

Gal Haber

TITLE
MD & Executive Director
COMPENSATION
$347K
AGE
45
TENURE
6.3 yrs

Daniel King

TITLE
Independent Non Executive Director
COMPENSATION
$73K
AGE
53
TENURE
6.3 yrs

Michael Fairbairn

TITLE
Senior Independent Non-Executive Director
COMPENSATION
$121K
AGE
57
TENURE
6.3 yrs

Steve Baldwin

TITLE
Independent Non-Executive Director
COMPENSATION
$73K
AGE
50
TENURE
2.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Plus500 individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
20. Aug 19 Buy Alon Gonen Individual 16. Aug 19 16. Aug 19 234,549 €8.02 €1,881,963
19. Aug 19 Buy Alon Gonen Individual 14. Aug 19 15. Aug 19 468,469 €8.00 €3,746,502
15. Aug 19 Buy Alon Gonen Individual 13. Aug 19 13. Aug 19 987,553 €7.68 €0
15. Aug 19 Buy Michael Fairbairn Individual 13. Aug 19 13. Aug 19 15,000 €7.10 €106,176
X
Management checks
We assess Plus500's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Plus500 has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

P55 News

Simply Wall St News

P55 Company Info

Description

Plus500 Ltd. develops and operates an online trading platform for individual customers to trade contracts for difference (CFDs). Its online trading platform allows its customers to trade CFDs on approximately 2,200 underlying financial instruments, including equities, indices, commodities, options, exchange-traded funds, cryptocurrencies, and foreign exchange in approximately 50 countries in 32 languages. The trading platform is accessible from various operating systems, such as Windows, iOS, Android, and Surface, as well as Web browsers. The company was formerly known as Investsoft Ltd. and changed its name to Plus500 Ltd. in June 2012. Plus500 Ltd. was founded in 2008 and is headquartered in Haifa, Israel.

Details
Name: Plus500 Ltd.
P55
Exchange: DB
Founded: 2008
£1,019,094,270
111,312,459
Website: http://www.plus500.com
Address: Plus500 Ltd.
Building 25,
Matam,
Haifa,
3190500,
Israel
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
LSE PLUS Ordinary Shares London Stock Exchange GB GBP 24. Jul 2013
OTCPK PLSQ.F Ordinary Shares Pink Sheets LLC US USD 24. Jul 2013
DB P55 Ordinary Shares Deutsche Boerse AG DE EUR 24. Jul 2013
BATS-CHIXE PLUSL Ordinary Shares BATS 'Chi-X Europe' GB GBP 24. Jul 2013
Number of employees
Current staff
Staff numbers
369
Plus500 employees.
Industry
Specialized Finance
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/10/12 23:28
End of day share price update: 2019/10/09 00:00
Last estimates confirmation: 2019/10/01
Last earnings filing: 2019/08/13
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.