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Shufersal

TASE:SAE
Snowflake Description

Good value with imperfect balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
SAE
TASE
₪5B
Market Cap
  1. Home
  2. IL
  3. Consumer Retailing
Company description

Shufersal Ltd. operates a chain of supermarkets under the Shufersal Deal, Shufersal Mine, Shufersal Express, and Shufersal Green names in Israel. The last earnings update was 21 days ago. More info.


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SAE Share Price and Events
7 Day Returns
1.7%
TASE:SAE
4.9%
IL Consumer Retailing
5%
IL Market
1 Year Returns
-18.8%
TASE:SAE
-5.2%
IL Consumer Retailing
-10.5%
IL Market
SAE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Shufersal (SAE) 1.7% -1.8% -10.7% -18.8% 10.3% 112.4%
IL Consumer Retailing 4.9% 8.9% -4.1% -5.2% 18.7% 75.8%
IL Market 5% -1.2% -21.8% -10.5% 3.7% 11.5%
1 Year Return vs Industry and Market
  • SAE underperformed the Consumer Retailing industry which returned -5.2% over the past year.
  • SAE underperformed the Market in Israel which returned -10.5% over the past year.
Price Volatility
SAE
Industry
5yr Volatility vs Market

Value

 Is Shufersal 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 Shufersal 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 Shufersal.

TASE:SAE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 6.4%
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:SAE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year IL Govt Bond Rate 0.9%
Equity Risk Premium S&P Global 6.3%
Consumer Retailing Unlevered Beta Simply Wall St/ S&P Global 0.39
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.393 (1 + (1- 23%) (140.98%))
0.88
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.88
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 0.85% + (0.88 * 6.33%)
6.42%

Discounted Cash Flow Calculation for TASE:SAE using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Shufersal is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

TASE:SAE DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (ILS, Millions) Source Present Value
Discounted (@ 6.42%)
2020 596.79 Est @ 33.18% 560.80
2021 736.94 Est @ 23.48% 650.73
2022 859.96 Est @ 16.69% 713.57
2023 962.65 Est @ 11.94% 750.60
2024 1,045.57 Est @ 8.61% 766.09
2025 1,111.27 Est @ 6.28% 765.13
2026 1,162.99 Est @ 4.65% 752.45
2027 1,203.85 Est @ 3.51% 731.91
2028 1,236.52 Est @ 2.71% 706.43
2029 1,263.16 Est @ 2.15% 678.13
Present value of next 10 years cash flows ₪7,075.00
TASE:SAE DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= ₪1,263.16 × (1 + 0.85%) ÷ (6.42% – 0.85%)
₪22,879.55
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= ₪22,879.55 ÷ (1 + 6.42%)10
₪12,282.94
TASE:SAE Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= ₪7,075.00 + ₪12,282.94
₪19,357.94
Equity Value per Share
(ILS)
= Total value / Shares Outstanding
= ₪19,357.94 / 238.16
₪81.28
TASE:SAE Discount to Share Price
Calculation Result
Value per share (ILS) From above. ₪81.28
Current discount Discount to share price of ₪19.66
= -1 x (₪19.66 - ₪81.28) / ₪81.28
75.8%

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

Current Discount
Amount off the current price Shufersal is available for.
Intrinsic value
>50%
Share price is ₪19.66 vs Future cash flow value of ₪81.28
Current Discount Checks
For Shufersal to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Shufersal's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Shufersal'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 Shufersal's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Shufersal's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TASE:SAE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in ILS ₪1.13
TASE:SAE Share Price ** TASE (2020-04-07) in ILS ₪19.66
Israel Consumer Retailing Industry PE Ratio Median Figure of 8 Publicly-Listed Consumer Retailing Companies 18.15x
Israel Market PE Ratio Median Figure of 244 Publicly-Listed Companies 11.11x

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

** Primary Listing of Shufersal.

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

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

= 19.66 ÷ 1.13

17.41x

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

  • Shufersal is good value based on earnings compared to the IL Consumer Retailing industry average.
  • Shufersal is overvalued based on earnings compared to the Israel market.
Price based on expected Growth
Does Shufersal's expected growth come at a high price?
Raw Data
TASE:SAE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.41x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Consumer Retailing Industry PEG Ratio Median Figure of 73 Publicly-Listed Consumer Retailing Companies 2.17x
Israel Market PEG Ratio Median Figure of 7 Publicly-Listed Companies 0.48x

*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 Shufersal, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Shufersal's assets?
Raw Data
TASE:SAE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in ILS ₪8.04
TASE:SAE Share Price * TASE (2020-04-07) in ILS ₪19.66
Israel Consumer Retailing Industry PB Ratio Median Figure of 9 Publicly-Listed Consumer Retailing Companies 2.44x
Israel Market PB Ratio Median Figure of 345 Publicly-Listed Companies 1.02x
TASE:SAE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 19.66 ÷ 8.04

2.44x

* Primary Listing of Shufersal.

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

  • Shufersal is good value based on assets compared to the IL Consumer Retailing industry average.
X
Value checks
We assess Shufersal'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 Consumer Retailing 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 Consumer Retailing industry average (and greater than 0)? (1 check)
  5. Shufersal 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.

Future Performance

 How is Shufersal 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 Shufersal 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
12.4%
Expected Consumer Retailing industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Shufersal expected to grow at an attractive rate?
  • Unable to compare Shufersal's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Shufersal's earnings growth to the Israel market average as no estimate data is available.
  • Unable to compare Shufersal's revenue growth to the Israel market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
TASE:SAE Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Consumer Retailing Industry Earnings Growth Rate Market Cap Weighted Average 12.4%
Asia Consumer Retailing Industry Revenue Growth Rate Market Cap Weighted Average 7.7%
Israel Market Earnings Growth Rate Market Cap Weighted Average 16.2%
Israel Market Revenue Growth Rate Market Cap Weighted Average 5.3%

*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:SAE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 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:SAE Future Estimates Data
Date (Data in ILS Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
TASE:SAE Past Financials Data
Date (Data in ILS Millions) Revenue Cash Flow Net Income *
2019-12-31 13,360 1,035 269
2019-09-30 13,248 801 200
2019-06-30 13,109 790 209
2019-03-31 12,827 419 246
2018-12-31 12,847 548 265
2018-09-30 12,545 590 293
2018-06-30 12,262 713 292
2018-03-31 12,117 881 276
2017-12-31 11,852 751 275
2017-09-30 11,795 742 294
2017-06-30 11,816 553 282
2017-03-31 11,886 735 275

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Shufersal is high growth as no earnings estimate data is available.
  • Unable to determine if Shufersal 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:SAE 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 0 Analyst Estimates (S&P Global) See Below

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

TASE:SAE Future Estimates Data
Date (Data in ILS Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
TASE:SAE Past Financials Data
Date (Data in ILS Millions) EPS *
2019-12-31 1.13
2019-09-30 0.84
2019-06-30 0.88
2019-03-31 1.04
2018-12-31 1.12
2018-09-30 1.24
2018-06-30 1.25
2018-03-31 1.19
2017-12-31 1.22
2017-09-30 1.34
2017-06-30 1.31
2017-03-31 1.29

*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 Shufersal will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine whether Shufersal is trading at Shufersal'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. Shufersal'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 Consumer Retailing 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 Shufersal'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.
Shufersal 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 Shufersal 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 Shufersal's growth in the last year to its industry (Consumer Retailing).
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.
  • Shufersal has delivered over 20% year on year earnings growth in the past 5 years.
  • Shufersal's 1-year earnings growth is less than its 5-year average (1.5% vs 24.8%)
  • Shufersal's earnings growth has not exceeded the IL Consumer Retailing industry average in the past year (1.5% vs 5.6%).
Earnings and Revenue History
Shufersal'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 Shufersal Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TASE:SAE Past Revenue, Cash Flow and Net Income Data
Date (Data in ILS Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 13,360.00 269.00 3,095.00
2019-09-30 13,248.00 200.00 3,072.00
2019-06-30 13,109.00 209.00 3,042.00
2019-03-31 12,827.00 246.00 2,988.00
2018-12-31 12,847.00 265.00 2,994.00
2018-09-30 12,545.00 293.00 2,896.00
2018-06-30 12,262.00 292.00 2,797.00
2018-03-31 12,117.00 276.00 2,710.00
2017-12-31 11,852.00 275.00 2,601.00
2017-09-30 11,795.00 294.00 2,560.00
2017-06-30 11,816.00 282.00 2,534.00
2017-03-31 11,886.00 275.00 2,514.00
2016-12-31 11,842.00 262.00 2,509.00
2016-09-30 11,897.00 240.00 2,391.00
2016-06-30 11,843.00 236.00 2,410.00
2016-03-31 11,529.00 190.00 2,391.00
2015-12-31 11,505.00 150.00 2,453.00
2015-09-30 11,392.00 115.00 2,308.00
2015-06-30 11,393.00 44.00 2,281.00
2015-03-31 11,632.00 -129.00 2,518.00
2014-12-31 11,602.00 -110.00 2,546.00
2014-09-30 11,729.00 -72.00 2,531.00
2014-06-30 11,815.00 -14.00 2,564.00
2014-03-31 11,734.00 186.00 2,336.00
2013-12-31 11,909.00 209.00 2,354.00
2013-09-30 11,795.00 189.00 2,422.00
2013-06-30 11,759.00 224.00 2,424.00

*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.
  • Shufersal has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Shufersal used its assets less efficiently than the IL Consumer Retailing industry average last year based on Return on Assets.
  • Shufersal's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Shufersal'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 Consumer Retailing 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.
Shufersal has a total score of 1/6, 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 Shufersal'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 Shufersal's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Shufersal's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Shufersal's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Shufersal'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 not covered by short term assets, assets are 0.9x 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 Shufersal Company Filings, last reported 3 months ago.

TASE:SAE Past Debt and Equity Data
Date (Data in ILS Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,914.00 2,981.00 364.00
2019-09-30 1,795.00 3,103.00 579.00
2019-06-30 1,762.00 3,146.00 560.00
2019-03-31 1,731.00 3,047.00 746.00
2018-12-31 1,956.00 2,534.00 337.00
2018-09-30 1,888.00 2,753.00 764.00
2018-06-30 1,827.00 2,726.00 662.00
2018-03-31 1,735.00 2,763.00 1,097.00
2017-12-31 1,808.00 2,192.00 482.00
2017-09-30 1,686.00 2,355.00 921.00
2017-06-30 1,630.00 2,332.00 567.00
2017-03-31 1,218.00 2,308.00 395.00
2016-12-31 1,315.00 2,470.00 494.00
2016-09-30 1,214.00 2,580.00 697.00
2016-06-30 1,161.00 2,551.00 557.00
2016-03-31 1,102.00 2,517.00 516.00
2015-12-31 1,170.00 3,137.00 1,026.00
2015-09-30 1,092.00 3,207.00 1,184.00
2015-06-30 1,047.00 2,858.00 564.00
2015-03-31 1,010.00 2,808.00 610.00
2014-12-31 1,009.00 3,464.00 896.00
2014-09-30 956.00 3,527.00 1,162.00
2014-06-30 980.00 3,483.00 1,305.00
2014-03-31 1,160.00 3,434.00 1,282.00
2013-12-31 1,198.00 3,659.00 1,402.00
2013-09-30 1,193.00 2,640.00 817.00
2013-06-30 1,158.00 2,617.00 613.00
  • Shufersal's level of debt (155.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has been reduced over the past 5 years (342.6% vs 155.7% today).
  • Debt is well covered by operating cash flow (34.7%, greater than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.4x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Shufersal'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. Shufersal has a total score of 2/6, 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 Shufersal'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
1.73%
Current annual income from Shufersal dividends.
If you bought ₪2,000 of Shufersal shares you are expected to receive ₪35 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?
  • Shufersal's pays a lower dividend yield than the bottom 25% of dividend payers in Israel (2.1%).
  • Shufersal's dividend is below the markets top 25% of dividend payers in Israel (6.27%).
Upcoming dividend payment

Purchase Shufersal before the 'Ex-dividend' to receive their next dividend payment.

Dividends are usually paid every 3 or 6 months, you can time your share purchase to take advantage of upcoming dividend payments.
Dividend payment calendar
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:SAE 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 Consumer Retailing Industry Average Dividend Yield Market Cap Weighted Average of 168 Stocks 1.9%
Israel Market Average Dividend Yield Market Cap Weighted Average of 144 Stocks 3.9%
Israel Minimum Threshold Dividend Yield 10th Percentile 1.4%
Israel Bottom 25% Dividend Yield 25th Percentile 2.1%
Israel Top 25% Dividend Yield 75th Percentile 6.3%

Industry and Market average data is calculated daily.

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

TASE:SAE Future Dividends Estimate Data
Date (Data in ₪) Dividend per Share (annual) Avg. No. Analysts
TASE:SAE Past Annualized Dividends Data
Date (Data in ₪) Dividend per share (annual) Avg. Yield (%)
2020-03-19 0.340 1.689
2019-03-17 0.670 2.839
2018-03-26 0.680 2.889
2018-03-25 0.680 2.936
2017-02-21 0.750 3.682
2016-02-29 0.470 3.451
2015-11-04 0.000 0.000
2015-08-05 0.000 0.000
2015-05-25 0.000 0.000
2015-02-25 0.000 0.000
2015-02-24 0.000 0.000
2014-05-14 0.660 6.771
2014-02-19 0.660 4.868
2013-02-20 1.150 8.523
2013-02-19 1.190 9.921
2012-05-30 1.700 16.475
2012-03-06 1.700 13.528
2012-03-05 1.700 13.163
2012-03-04 1.700 13.063
2011-02-09 2.666 15.949
2011-01-16 2.666 12.192

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

  • Shufersal has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).
  • Shufersal has only been paying a dividend for 9 years, and since then dividends per share have fallen.
Current Payout to shareholders
What portion of Shufersal's earnings are paid to the shareholders as a dividend.
  • Dividends paid are well covered by earnings (3.3x 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 Shufersal's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - 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 Shufersal afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Shufersal has a total score of 1/6, 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 Shufersal'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
Itzik Abercohen
TENURE AS CEO 8.3 years
CEO Bio

Mr. Itzik Abercohen has been Chief Executive Officer of Shufersal Ltd. since January 1, 2012. Mr. Abercohen has been a Senior Executive of Shufersal Ltd. since 2004. He served as the Chief Operating and Supply Chain Officer of Shufersal Ltd. Mr. Abercohen has a BA and MA in Political Science from the University of Haifa, and is a graduate of Israel's Command and Staff College and of the United States Army Command and General Staff College.

CEO Compensation
  • Insufficient data for Itzik to compare compensation growth.
  • Insufficient data for Itzik to establish whether their remuneration is reasonable compared to companies of similar size in Israel.
Management Team Tenure

Average tenure of the Shufersal management team in years:

8.3
Average Tenure
  • The average tenure for the Shufersal management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Shlomo Zohar

TITLE
Deputy Chief Executive Officer and Director of Real Assets
COMPENSATION
₪2M
AGE
68
TENURE
8.3 yrs

Itzik Abercohen

TITLE
Chief Executive Officer
TENURE
8.3 yrs

Talya Huber

TITLE
Chief Financial Officer

Yehuda Katorza

TITLE
Vice President of Operations and Supply Chains
TENURE
8.1 yrs

Zvi Fishheimer

TITLE
Executive Vice President of Human Resources

Aran Meiri

TITLE
General Counsel & Corporate Secretary

Uri Kilstein

TITLE
Executive Vice President of Commerce & Marketing
TENURE
7.3 yrs

Chaim Elkan

TITLE
Executive Vice President - Logistics
AGE
73
TENURE
28.3 yrs

Nissim Mamo

TITLE
Executive Vice President of Supply Chain Management
TENURE
14.3 yrs

David Laron

TITLE
Executive Vice President of Operations & Supply Chain
TENURE
5.3 yrs
Board of Directors Tenure

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

13.8
Average Tenure
63
Average Age
  • The average tenure for the Shufersal board of directors is over 10 years, this suggests they are a seasoned and experienced board.
Board of Directors

Mauricio Wior

TITLE
Chairman of the Board
AGE
63

Ron Hadassi

TITLE
Vice Chairman
AGE
54
TENURE
12.4 yrs

Haim Gavrieli

TITLE
Vice Chairman
AGE
49

Avihu Olshansky

TITLE
External Director

Michael Bar Haim

TITLE
External Director
AGE
65

Ido Bergman

TITLE
Director
AGE
60

Zvika Livnat

TITLE
Director
AGE
66

Yitzhak Manor

TITLE
Director
AGE
77
TENURE
16.9 yrs

Imri Tov

TITLE
External Director
AGE
80
TENURE
13.8 yrs

Alon Bachar

TITLE
Director
AGE
50
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 Shufersal'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. Shufersal 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

Shufersal Ltd. operates a chain of supermarkets under the Shufersal Deal, Shufersal Mine, Shufersal Express, and Shufersal Green names in Israel. It also operates an online shopping Website that offers garden furniture, appliances, and food products, as well as provides gift, customer club, and credit cards. The company is also involved in the real estate business. It operates a network of 272 stores. The company was founded in 1958 and is based in Rishon-Le-Zion, Israel.

Details
Name: Shufersal Ltd.
SAE
Exchange: TASE
Founded: 1958
₪4,682,155,138
238,156,416
Website: http://www.shufersal.co.il
Address: Shufersal Ltd.
30 Benjamin Shmotkin Street,
Rishon-Le-Zion,
7505002,
Israel
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TASE SAE Ordinary Shares The Tel-Aviv Stock Exchange IL ILS 19. Oct 1994
OTCPK SHUF.F Ordinary Shares Pink Sheets LLC US USD 19. Oct 1994
Number of employees
Current staff
Staff numbers
13,821
Shufersal employees.
Industry
Food Retail
Consumer Retailing
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 16:34
End of day share price update: 2020/04/07 00:00
Last estimates confirmation: 2019/03/17
Last earnings filing: 2020/03/19
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


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.