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Migdal Insurance and Financial Holdings Ltd. (MGDL) Q3 2021 Report Analysis


Company Overview

Migdal Insurance and Financial Holdings Ltd., together with its subsidiaries, provides insurance, pension, and financial services for private and corporate customers in Israel. The company deals and manages pension plans, life and health insurance products, pensions, and financial business plans; and provides personal accident and mortgage insurance solutions, and savings, as well as insurance agency services. It also markets investments; operates nostro accounts; and manages financial assets, including mutual funds and portfolios, as well as engages in the investment banking and distribution activities. The company was founded in 1934 and is based in Petah Tikva, Israel. Migdal Insurance and Financial Holdings Ltd. is a subsidiary of Eliahu Issues Ltd.

Company Highlights


Parameter Value Change Score
Assets 196,656.73 2% 82
Capital Expenditure -38.6 -5% 54
Cash & Equivalents 17,399.45 2% 72
Equity 7,857.68 6% 63
Liabilities 188,792.32 2% 82
EBITDA 2,486.76 16% 76
Total Revenues 38,315.57 -4% 94
Parameter Value Change Score
Free Cashflow 5.22 106% 92
Cashflow 5,831.5 130% 81
Asset Turnover 0.21 -6% 43
Price to Book 0.66 3% 89
Return on Equity 18.09 15% 74

* All values are TTM

Report Summary

The following analysis and prediction of Migdal Insurance and Financial Holdings Ltd.'s expected performance during the upcoming quarter is based on a deep, systematic analysis of their income statement, balance sheet, & statement of cash flows. Moreover, numerous specific general factors and ratios are also included. First, the balance sheet factors matched expectation but didn't outperform the benchmark. Second, the income statement performance metrics outperformed the benchmark in the above time frame. Next, cash flow factors outperformed the market benchmark. Fourth, the most impactful financial ratios indicate that in the upcoming quarter Migdal Insurance and Financial Holdings Ltd.'s growth will likely outperform the market benchmark. Now taking all these factors into consideration, our rating of Migdal Insurance and Financial Holdings Ltd. deserved a total score of 93.

The below chart reflects Migdal Insurance and Financial Holdings Ltd.'s birds-eye view on its performance with respect to its peers, the company's fillings as reported or to a similar industry, market cap, and country of origin. While Migdal Insurance and Financial Holdings Ltd.'s peer average final assessment score stands on 67, Migdal Insurance and Financial Holdings Ltd.'s score is 93 out of 100.

  •  MGDL
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow General Factors Final Assessment mc_sort Hidden
American International Group, Inc. 48.9B 70 77 87 60 72 0 1
Bank Leumi le- Israel B.M. 16.3B 74 67 55 70 75 1 1
The Phoenix Holdings Ltd. 3.2B 63 82 81 55 66 2 1
Harel Insurance Investments & Financial Services Ltd 2.5B 79 65 78 78 85 3 1
Clal Insurance Enterprises Holdings Ltd. 1.8B 76 81 86 74 87 4 1
Menora Mivtachim Holdings Ltd 1.5B 77 64 62 45 60 5 1
The Israel Land Development Company Ltd. 668.6M 46 63 63 63 45 6 1
I.D.I. Insurance Company Ltd. 560.7M 74 63 45 51 60 7 1
Meitav DASH Investments Ltd 348.2M 81 71 52 38 59 8 1
Nawi Brothers Group Ltd 344.3M 84 66 64 68 80 9 1
Ayalon Holdings Ltd 162.4M 81 58 40 52 53 10 1

Balance Sheet Analysis

Auditing the results from the balance sheet underlined certain specific metrics that effect the performance in the next 3 months or longer. Typically, the balance sheet factors affect roughly up to 47.2% of a company's likelihood to beat its benchmark performance for the near term. First, analyzing the company's debt service capabilities reveals passable execution with respect to cash and cash equivalents. Typically, the debt service capabilities factors can be responsible for up to 7.5% of a company's probability to over-perform. In addition, the company's assets found solid execution concerning assets changes. The strength of a company's assets are responsible for up to 11.2% of the company's likelihood to over-perform. Third, their debt structure shows great in the next quarter performance in terms of liabilities movement. Typically, the debt structure factors influence approximately up to 11.2% of the chances of a company to beat the market. Fourth, Migdal Insurance and Financial Holdings Ltd.'s intangible assets and technical changes shows standard results concerning shareholders' equity and intangible assets adjustments. Intangible assets and technical changes are historically responsible for up to 17.3% of the chances of the company to over-perform the market for the current market. Our bottom line grading for their balance sheet received a total score of 75.

Parameter Value Change Score
Assets 196,656.73 2% 82
Capital Expenditure -38.6 -5% 54
Cash & Equivalents 17,399.45 2% 72
Equity 7,857.68 6% 63
Liabilities 188,792.32 2% 82
* All values are TTM

The below chart describes Migdal Insurance and Financial Holdings Ltd.'s performance as reflected on its balance sheet with respect to its peers. While Migdal Insurance and Financial Holdings Ltd. received a balance sheet score of 75 out of 100, the average of its peers stands on 73 out of 100.

  •  MGDL
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Capital Expenditure Growth Balance Sheet mc_sort Hidden
American International Group, Inc. 48.9B 53 53 89 64 68 70 0 1
Bank Leumi le- Israel B.M. 16.3B 70 70 67 76 88 74 1 1
The Phoenix Holdings Ltd. 3.2B 73 73 43 82 54 63 2 1
Harel Insurance Investments & Financial Services Ltd 2.5B 81 81 62 85 83 79 3 1
Clal Insurance Enterprises Holdings Ltd. 1.8B 85 85 57 87 48 76 4 1
Menora Mivtachim Holdings Ltd 1.5B 80 80 72 71 46 77 5 1
The Israel Land Development Company Ltd. 668.6M 56 56 53 52 43 46 6 1
I.D.I. Insurance Company Ltd. 560.7M 58 58 76 92 83 74 7 1
Meitav DASH Investments Ltd 348.2M 91 91 72 48 68 81 8 1
Nawi Brothers Group Ltd 344.3M 90 90 63 95 54 84 9 1
Ayalon Holdings Ltd 162.4M 74 74 78 86 59 81 10 1

Income Statement Analysis

Analyzing the the company's income statement highlighted several key numbers that typically have the greatest effect on company performance for the near term. Specifically, the company's net income signals moderate developments related to earnings movement. These a company's net income will impact around 12.2% of a company's probability to over-perform. Moreover, the company's cost of sales indicates uninspired performance concerning capital expenditure growth. Historically, the Company's cost of sales contribute roughly 8.4% of the likelihood that the company will over-perform its benchmark. Drilling down further into their revenue implies exceptional results concerning revenue momentum. Revenue momentum affects roughly 3.8% of the likelihood that the company will beat the market in the course of the coming months. Bottom line, our cumulative ranking of their income statement deserved a ranking of 83.

Parameter Value Change Score
EBITDA 2,486.76 16% 76
Total Revenues 38,315.57 -4% 94
* All values are TTM

The below chart describes Migdal Insurance and Financial Holdings Ltd.'s performance as reflected on its income statement with respect to its peers. While Migdal Insurance and Financial Holdings Ltd. received a income statement score of 83 out of 100, the average of its peers stands on 68 out of 100.

  •  MGDL
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Income Statement mc_sort Hidden
American International Group, Inc. 48.9B 51 77 77 0 1
Bank Leumi le- Israel B.M. 16.3B 47 68 67 1 1
The Phoenix Holdings Ltd. 3.2B 94 75 82 2 1
Harel Insurance Investments & Financial Services Ltd 2.5B 92 58 65 3 1
Clal Insurance Enterprises Holdings Ltd. 1.8B 89 74 81 4 1
Menora Mivtachim Holdings Ltd 1.5B 94 57 64 5 1
The Israel Land Development Company Ltd. 668.6M 84 55 63 6 1
I.D.I. Insurance Company Ltd. 560.7M 89 57 63 7 1
Meitav DASH Investments Ltd 348.2M 57 70 71 8 1
Nawi Brothers Group Ltd 344.3M 47 67 66 9 1
Ayalon Holdings Ltd 162.4M 53 59 58 10 1

Cash Flow Analysis

Looking at the companys cash flow focused our attention on several specific results that effect the performance for the coming months. First, their flow of cash coming from operations, finance, and investments implies great in the next quarter developments related to cash flow momentum. In general, the flow of cash coming from operations, finance, and investments factors contribute roughly 0.1% of the chances of a company to over-perform the market. In addition, Migdal Insurance and Financial Holdings Ltd.'s net cash flow signals great results going into free cash flow growth. Generally, these factors will contribute up to 2.9% of the company's likelihood to over-perform in the coming quarters. Our bottom line evaluation of Migdal Insurance and Financial Holdings Ltd.'s cash flow received a total score of 86.

Parameter Value Change Score
Free Cashflow 5.22 106% 92
Cashflow 5,831.5 130% 81
* All values are TTM

The below chart describes Migdal Insurance and Financial Holdings Ltd.'s performance as reflected on its cash flow with respect to its peers. While Migdal Insurance and Financial Holdings Ltd. received a cash flow score of 86 out of 100, the average of its peers stands on 64 out of 100.

  •  MGDL
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Cash Flow mc_sort Hidden
American International Group, Inc. 48.9B 85 87 87 0 1
Bank Leumi le- Israel B.M. 16.3B 56 51 55 1 1
The Phoenix Holdings Ltd. 3.2B 78 84 81 2 1
Harel Insurance Investments & Financial Services Ltd 2.5B 75 80 78 3 1
Clal Insurance Enterprises Holdings Ltd. 1.8B 80 91 86 4 1
Menora Mivtachim Holdings Ltd 1.5B 59 63 62 5 1
The Israel Land Development Company Ltd. 668.6M 72 48 63 6 1
I.D.I. Insurance Company Ltd. 560.7M 47 41 45 7 1
Meitav DASH Investments Ltd 348.2M 56 46 52 8 1
Nawi Brothers Group Ltd 344.3M 74 52 64 9 1
Ayalon Holdings Ltd 162.4M 38 95 40 10 1

General & Ratios Analysis

The cumulative analysis of these fundamental components of the reports informs our broader perspective of the company's chance to over-perform for the current market. First, analysis of the company's results related to general factors reveals slightly above average performance going into macroeconomic environment. Next, looking at our cumulative assessment of the company's health and sustainability indicates great overperformance with respect to book value momentum. In general, these factors will impact up to 27.7% of a company's likelihood to over-perform the market. Drilling down further into focusing on their capital efficiency reveals lackluster performance concerning assets factors momentum. The capital efficiency factors influence approximately 3.85% of a company's likelihood to over-perform the market for the next quarter. In particular, a drill down into investors' interest signals positive developments with respect to return factors momentum. Historically, these factors contribute up to 2.3% of the probability that the company will over-perform the market in the coming months. In particular, a drill down into their capital efficiency conveys lackluster performance concerning assets factors momentum. In general, the capital efficiency factors influence approximately 3.8% of the probability that the company will beat the market for the near term. Taking all these data points into consideration our bottom line assessment of the company's general factors and ratios generated the cumulative score of 84.

Parameter Value Change Score
Asset Turnover 0.21 -6% 43
Price to Book 0.66 3% 89
Return on Equity 18.09 15% 74
* All values are TTM

The below chart describes Migdal Insurance and Financial Holdings Ltd.'s performance as reflected on its Financial Ratios with respect to its peers. While Migdal Insurance and Financial Holdings Ltd. received a Financial Ratios score of 84 out of 100, the average of its peers stands on 59 out of 100.

  •  MGDL
  •  Peers average
Name Market Cap Macro Environment Book Value Momentum Return Factors Momentum Assets Factors Momentum General Factors mc_sort Hidden
American International Group, Inc. 48.9B 68 54 75 92 60 0 1
Bank Leumi le- Israel B.M. 16.3B 68 68 73 69 70 1 1
The Phoenix Holdings Ltd. 3.2B 68 53 72 45 55 2 1
Harel Insurance Investments & Financial Services Ltd 2.5B 68 83 65 45 78 3 1
Clal Insurance Enterprises Holdings Ltd. 1.8B 68 77 68 44 74 4 1
Menora Mivtachim Holdings Ltd 1.5B 68 43 64 43 45 5 1
The Israel Land Development Company Ltd. 668.6M 57 59 90 85 63 6 1
I.D.I. Insurance Company Ltd. 560.7M 68 50 64 53 51 7 1
Meitav DASH Investments Ltd 348.2M 68 37 41 77 38 8 1
Nawi Brothers Group Ltd 344.3M 68 67 80 45 68 9 1
Ayalon Holdings Ltd 162.4M 75 52 37 83 52 10 1

This report is intended for general guidance and information purposes only and under no circumstances is tailored to a specific factor or variable related to its reader or intended to be used or considered as financial or investment advice, a solicitation of any offer, a recommendation, or an offer to sell or buy any securities or other form of a financial asset. For the full disclaimer, click here.