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Aran Research & Development (1982)

TASE:ARAN
Snowflake Description

Adequate balance sheet and fair value.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ARAN
TASE
₪48M
Market Cap
  1. Home
  2. IL
  3. Commercial Services
Company description

Aran Research & Development (1982) Ltd. engages in the product design and development, and plastics equipment manufacturing businesses in Israel. The last earnings update was 224 days ago. More info.


Add to Portfolio Compare Print
  • Aran Research & Development (1982) has significant price volatility in the past 3 months.
ARAN Share Price and Events
7 Day Returns
-7.9%
TASE:ARAN
7.7%
IL Commercial Services
5.9%
IL Market
1 Year Returns
-33.9%
TASE:ARAN
-29.4%
IL Commercial Services
-13.5%
IL Market
ARAN Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Aran Research & Development (1982) (ARAN) -7.9% -25.6% -26.1% -33.9% -56.4% -65.1%
IL Commercial Services 7.7% -16.8% -19.7% -29.4% -26.6% -28.5%
IL Market 5.9% -22.6% -25.6% -13.5% -1.7% 5%
1 Year Return vs Industry and Market
  • ARAN underperformed the Commercial Services industry which returned -29.4% over the past year.
  • ARAN underperformed the Market in Israel which returned -13.5% over the past year.
Price Volatility
ARAN
Industry
5yr Volatility vs Market

Value

 Is Aran Research & Development (1982) 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 Aran Research & Development (1982) 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 Aran Research & Development (1982).

TASE:ARAN Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-06-30) in ILS ₪ .614060
Payout Ratio Company Filings (2019-06-30) 6366.4%
Discount Rate (Cost of Equity) See below 5.9%
Perpetual Growth Rate 10-Year IL Government Bond Rate 0.9%

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 TASE:ARAN
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IL Govt Bond Rate 0.9%
Equity Risk Premium S&P Global 6.3%
Commercial Services Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.603 (1 + (1- 23%) (57.91%))
0.775
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.85% + (0.8 * 6.33%)
5.91%

Discounted Cash Flow Calculation for TASE:ARAN using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Aran Research & Development (1982) is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

TASE:ARAN Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= ₪0.61 / (5.91% - 0.85%)
₪12.13
TASE:ARAN Discount to Share Price
Calculation Result
Value per share (ILS) From above. ₪12.13
Current discount Discount to share price of ₪9.81
= -1 x (₪9.81 - ₪12.13) / ₪12.13
19.1%

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

Current Discount
Amount off the current price Aran Research & Development (1982) is available for.
Intrinsic value
19%
Share price is ₪9.81 vs Future cash flow value of ₪12.13
Current Discount Checks
For Aran Research & Development (1982) to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Aran Research & Development (1982)'s share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Aran Research & Development (1982)'s share price is below the future cash flow value, but not 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 Aran Research & Development (1982)'s earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Aran Research & Development (1982)'s earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TASE:ARAN PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in ILS ₪1.16
TASE:ARAN Share Price ** TASE (2020-03-26) in ILS ₪9.81
Asia Commercial Services Industry PE Ratio Median Figure of 361 Publicly-Listed Commercial Services Companies 14.31x
Israel Market PE Ratio Median Figure of 241 Publicly-Listed Companies 9.61x

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

** Primary Listing of Aran Research & Development (1982).

TASE:ARAN PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TASE:ARAN Share Price ÷ EPS (both in ILS)

= 9.81 ÷ 1.16

8.46x

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

  • Aran Research & Development (1982) is good value based on earnings compared to the Asia Commercial Services industry average.
  • Aran Research & Development (1982) is good value based on earnings compared to the Israel market.
Price based on expected Growth
Does Aran Research & Development (1982)'s expected growth come at a high price?
Raw Data
TASE:ARAN PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.46x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Commercial Services Industry PEG Ratio Median Figure of 78 Publicly-Listed Commercial Services Companies 1.22x
Israel Market PEG Ratio Median Figure of 9 Publicly-Listed Companies 0.8x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Aran Research & Development (1982), we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Aran Research & Development (1982)'s assets?
Raw Data
TASE:ARAN PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in ILS ₪11.55
TASE:ARAN Share Price * TASE (2020-03-26) in ILS ₪9.81
Israel Commercial Services Industry PB Ratio Median Figure of 5 Publicly-Listed Commercial Services Companies 1x
Israel Market PB Ratio Median Figure of 344 Publicly-Listed Companies 0.89x
TASE:ARAN PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TASE:ARAN Share Price ÷ Book Value per Share (both in ILS)

= 9.81 ÷ 11.55

0.85x

* Primary Listing of Aran Research & Development (1982).

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

  • Aran Research & Development (1982) is good value based on assets compared to the IL Commercial Services industry average.
X
Value checks
We assess Aran Research & Development (1982)'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 Commercial Services 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 Commercial Services industry average (and greater than 0)? (1 check)
  5. Aran Research & Development (1982) has a total score of 3/6, 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.

Future Performance

 How is Aran Research & Development (1982) expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Aran Research & Development (1982) has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
17.5%
Expected Commercial Services industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Aran Research & Development (1982) expected to grow at an attractive rate?
  • Unable to compare Aran Research & Development (1982)'s earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Aran Research & Development (1982)'s earnings growth to the Israel market average as no estimate data is available.
  • Unable to compare Aran Research & Development (1982)'s revenue growth to the Israel market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TASE:ARAN Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Commercial Services Industry Earnings Growth Rate Market Cap Weighted Average 17.5%
Asia Commercial Services Industry Revenue Growth Rate Market Cap Weighted Average 12.2%
Israel Market Earnings Growth Rate Market Cap Weighted Average 16.6%
Israel Market Revenue Growth Rate Market Cap Weighted Average 5.4%

*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
TASE:ARAN Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in ILS Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TASE:ARAN Past Financials Data
Date (Data in ILS Millions) Revenue Cash Flow Net Income *
2019-06-30 131 2 6
2019-03-31 135 9
2018-12-31 138 -12 9
2018-09-30 160 10
2018-06-30 152 6 11
2018-03-31 155 8
2017-12-31 142 25 6
2017-09-30 105 7
2017-06-30 108 11 4
2017-03-31 98 4
2016-12-31 95 -3 4
2016-09-30 117 5 3

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Aran Research & Development (1982) is high growth as no earnings estimate data is available.
  • Unable to determine if Aran Research & Development (1982) is high growth as no revenue estimate data is available.
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
TASE:ARAN Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (8 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below

All data from Aran Research & Development (1982) Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TASE:ARAN Past Financials Data
Date (Data in ILS Millions) EPS *
2019-06-30 1.16
2019-03-31 1.77
2018-12-31 1.86
2018-09-30 2.03
2018-06-30 2.20
2018-03-31 1.77
2017-12-31 1.32
2017-09-30 1.37
2017-06-30 0.90
2017-03-31 0.74
2016-12-31 0.87
2016-09-30 0.59

*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 Aran Research & Development (1982) will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Aran Research & Development (1982) is trading at Aran Research & Development (1982)'san attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  2. Aran Research & Development (1982)'s future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Commercial Services companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Aran Research & Development (1982)'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 Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia 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.
Aran Research & Development (1982) has a total score of 0/6, 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.

Past Performance

  How has Aran Research & Development (1982) performed over the past 5 years?

  • Aran Research & Development (1982)'s last earnings update was 224 days ago.
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 Aran Research & Development (1982)'s growth in the last year to its industry (Commercial Services).
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.
  • Aran Research & Development (1982)'s year on year earnings growth rate has been positive over the past 5 years, however the most recent earnings are below average.
  • Aran Research & Development (1982)'s 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Aran Research & Development (1982)'s 1-year earnings growth is negative, it can't be compared to the Asia Commercial Services industry average.
Earnings and Revenue History
Aran Research & Development (1982)'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 Aran Research & Development (1982) Company Filings, last reported 8 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TASE:ARAN Past Revenue, Cash Flow and Net Income Data
Date (Data in ILS Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 130.81 5.66 20.84
2019-03-31 134.81 8.61 23.26
2018-12-31 137.75 9.07 22.34
2018-09-30 160.50 9.91 23.32
2018-06-30 151.84 10.77 22.66
2018-03-31 155.46 8.47 21.01
2017-12-31 142.09 6.47 21.21
2017-09-30 104.98 6.61 20.30 0.07
2017-06-30 107.79 4.38 20.64 0.07
2017-03-31 98.11 3.67 21.01 0.07
2016-12-31 95.43 4.23 20.88 0.07
2016-09-30 117.23 2.88 20.38
2016-06-30 117.64 3.49 20.35
2016-03-31 118.81 3.46 20.59
2015-12-31 114.59 3.81 21.13
2015-09-30 95.70 4.45 21.04 0.14
2015-06-30 90.85 3.52 20.52 0.21
2015-03-31 79.78 2.19 19.14 0.26
2014-12-31 84.22 1.02 18.24 0.35
2014-09-30 78.70 7.35 18.56 0.28
2014-06-30 75.29 7.47 18.49 0.21
2014-03-31 84.52 9.44 18.63 0.16
2013-12-31 95.22 15.97 18.95 0.07
2013-09-30 104.10 7.61 17.56 0.05
2013-06-30 108.18 7.60 16.92 0.10
2013-03-31 102.86 7.21 16.64 0.18

*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.
  • Aran Research & Development (1982) has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Aran Research & Development (1982) used its assets more efficiently than the Asia Commercial Services industry average last year based on Return on Assets.
  • Aran Research & Development (1982) has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Aran Research & Development (1982)'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 Commercial Services 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.
Aran Research & Development (1982) 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.

Health

 How is Aran Research & Development (1982)'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 Aran Research & Development (1982)'s finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Aran Research & Development (1982) is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Aran Research & Development (1982)'s cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Aran Research & Development (1982)'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.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.3x debt.
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 Aran Research & Development (1982) Company Filings, last reported 8 months ago.

TASE:ARAN Past Debt and Equity Data
Date (Data in ILS Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 58.53 16.79 12.17
2019-03-31 60.05 17.61 16.34
2018-12-31 60.05 17.61 16.34
2018-09-30 60.05 17.61 16.34
2018-06-30 57.52 16.83 16.17
2018-03-31 53.30 14.40 34.66
2017-12-31 53.30 14.40 34.66
2017-09-30 51.54 13.91 16.39
2017-06-30 51.54 13.91 16.39
2017-03-31 55.30 15.41 18.45
2016-12-31 55.30 15.41 18.45
2016-09-30 55.05 14.60 17.86
2016-06-30 52.42 15.74 12.12
2016-03-31 52.57 16.84 11.35
2015-12-31 54.77 17.26 23.72
2015-09-30 53.38 10.17 17.21
2015-06-30 52.38 10.23 14.23
2015-03-31 53.02 10.34 12.18
2014-12-31 54.18 11.06 22.21
2014-09-30 45.15 10.61 6.31
2014-06-30 44.98 10.50 8.60
2014-03-31 46.26 10.62 15.17
2013-12-31 53.93 12.04 30.99
2013-09-30 40.20 10.93 5.44
2013-06-30 39.83 11.17 4.81
2013-03-31 39.19 11.66 17.19
  • Aran Research & Development (1982)'s level of debt (28.7%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (23.3% vs 28.7% today).
  • Debt is not well covered by operating cash flow (11.3%, less than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 10.3x coverage).
X
Financial health checks
We assess Aran Research & Development (1982)'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. Aran Research & Development (1982) has a total score of 4/6, 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.

Dividends

 What is Aran Research & Development (1982)'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
6.26%
Current annual income from Aran Research & Development (1982) dividends.
If you bought ₪2,000 of Aran Research & Development (1982) shares you are expected to receive ₪125 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?
  • Aran Research & Development (1982)'s pays a higher dividend yield than the bottom 25% of dividend payers in Israel (2.83%).
  • Aran Research & Development (1982)'s dividend is below the markets top 25% of dividend payers in Israel (7.54%).
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
TASE:ARAN 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 0 Analyst Estimates (S&P Global) See Below
Asia Commercial Services Industry Average Dividend Yield Market Cap Weighted Average of 272 Stocks 2%
Israel Market Average Dividend Yield Market Cap Weighted Average of 149 Stocks 4.1%
Israel Minimum Threshold Dividend Yield 10th Percentile 1.7%
Israel Bottom 25% Dividend Yield 25th Percentile 2.8%
Israel Top 25% Dividend Yield 75th Percentile 7.5%

Industry and Market average data is calculated daily.

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

TASE:ARAN Past Annualized Dividends Data
Date (Data in ₪) Dividend per share (annual) Avg. Yield (%)
2019-03-28 0.614 4.392
2018-03-28 0.409 2.771
2017-11-30 0.820 4.593
2017-08-15 0.820 3.551
2017-03-09 1.000 4.240
2016-03-21 0.500 1.876
2015-03-12 0.500 1.566
2013-11-27 1.000 4.863
2013-03-11 1.400 10.775
2012-11-22 0.800 8.060
2012-08-13 0.800 9.921
2012-03-26 0.800 10.978
2011-08-18 1.600 24.635
2011-03-23 0.800 10.483

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

  • Aran Research & Development (1982) has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Aran Research & Development (1982) has only been paying a dividend for 9 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Aran Research & Development (1982)'s earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.7x coverage).
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Aran Research & Development (1982)'s dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.7%) - 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 Aran Research & Development (1982) afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Aran Research & Development (1982) has a total score of 2/6, see the detailed checks below.


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

Management

 What is the CEO of Aran Research & Development (1982)'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
Ran Stav
COMPENSATION ₪1,196,000
TENURE AS CEO 14.8 years
CEO Bio

Mr. Ran Stav has been the Chief Executive Officer at Aran Research & Development (1982) Ltd since May 2, 2005. Mr. Stav serves as the Chief Executive Officer of R. Stav Investments Ltd. and Ran Stav Management Services Ltd. He has been a Director of Aran Research & Development (1982) Ltd. since May 2, 2005.

CEO Compensation
  • Ran's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Ran's remuneration is lower than average for companies of similar size in Israel.
Management Team Tenure

Average tenure of the Aran Research & Development (1982) management team in years:

7.3
Average Tenure
  • The average tenure for the Aran Research & Development (1982) management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Ran Stav

TITLE
Chief Executive Officer and Director
COMPENSATION
₪1M
TENURE
14.8 yrs

Avi Hai

TITLE
CFO & Company Secretary
COMPENSATION
₪835K
TENURE
8.8 yrs

Alon Nahshon

TITLE
Vice President of Development
COMPENSATION
₪644K

Amir Scheiner

TITLE
Vice President of Medical Product Development
COMPENSATION
₪706K
TENURE
5.9 yrs

Arie Tolman

TITLE
Vice President of Marketing
COMPENSATION
₪621K

Tzahi Ankori

TITLE
Vice President of Security Products Development
COMPENSATION
₪596K
TENURE
5.9 yrs
Board of Directors Tenure

Average tenure and age of the Aran Research & Development (1982) board of directors in years:

8.2
Average Tenure
54.5
Average Age
  • The tenure for the Aran Research & Development (1982) board of directors is about average.
Board of Directors

Avraham Zakay

TITLE
Chairman
COMPENSATION
₪1M
TENURE
11.7 yrs

Ran Stav

TITLE
Chief Executive Officer and Director
COMPENSATION
₪1M
TENURE
14.8 yrs

Estery Giloz-Ram

TITLE
External Director
AGE
45
TENURE
4.1 yrs

Orit Stav

TITLE
External Director
AGE
49
TENURE
19.4 yrs

Giora Inbar

TITLE
Independent Director
AGE
64
TENURE
8.2 yrs

Amnon Zakay

TITLE
Director
TENURE
8.2 yrs

David Salton

TITLE
External Director
AGE
60
TENURE
4.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (₪) Value (₪)
X
Management checks
We assess Aran Research & Development (1982)'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. Aran Research & Development (1982) 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.

News

Simply Wall St News

Company Info

Description

Aran Research & Development (1982) Ltd. engages in the product design and development, and plastics equipment manufacturing businesses in Israel. The company develops various medical devices, such as cardiovascular devices, in-vitro diagnostics, surgical instruments, medical robots, and other products; and advanced water devices and fluid management systems, including pressure and flow regulators, electric and hydraulic valves, air release valves, sprinklers, drippers, taps, water meters, filters, check valves, electronic controllers, and testing devices. It also provides portable and stationary control stations for unmanned systems, electro-optics, ground systems for access control and security forces, test equipment, and production line facilities, as well as rugged electronics for ground, marine, and aerial platforms operating in harsh environments; and measurement and weighing devices, specialty printers, automatic beverage machines, computerized shopping carts and self-checkout kiosks, industrial and communication devices, batteries, and others. In addition, the company offers products for plastic industry, such as injection molding machines, robotics and automation products, injection molds, hot runners systems, drying dosing and conveying systems, plasticizing screws barrels, ultrasonic welding and cleaning products, and raw materials; and support services, as well as invests in medical startups. Aran Research & Development (1982) Ltd. was founded in 1982 and is based in Caesarea, Israel.

Details
Name: Aran Research & Development (1982) Ltd.
ARAN
Exchange: TASE
Founded: 1982
₪47,933,023
4,885,641
Website: http://www.aran-rd.com
Address: Aran Research & Development (1982) Ltd.
Caesarea Business Park,
43 Haeshel Street,
Caesarea,
3088900,
Israel
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TASE ARAN Ordinary Shares The Tel-Aviv Stock Exchange IL ILS 26. Mar 2001
Number of employees
Current staff
Staff numbers
0
Aran Research & Development (1982) employees.
Industry
Diversified Support Services
Commercial Services
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 18:06
End of day share price update: 2020/03/26 00:00
Last earnings filing: 2019/08/18
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.