Loading..

I.D.I. Insurance Company Ltd. (IDIN) Report Analysis

Corporate Events

Positive

I.D.I. Insurance Company Ltd., 4.088586 (ILS), ...

2022-03-30 00:00:00

I.D.I. Insurance Company Ltd., 4.088586 (ILS), Cash Dividend, Apr-05-2022

Neutral

I.D.I. Insurance Company Ltd., Special/Extraord...

2022-01-10 00:00:00

I.D.I. Insurance Company Ltd., Special/Extraordinary Shareholders Meeting, Jan 10, 2022.

Positive

Upstream Security Ltd. announced that it has re...

2021-08-24 00:00:00

On August 24, 2021, Upstream Security Ltd. closed the transaction. The company amended the terms of the transaction. The company has now recei...

Positive

I.D.I. Insurance Company Ltd., 3.4071752 (ILS),...

2021-08-23 00:00:00

I.D.I. Insurance Company Ltd., 3.4071752 (ILS), Cash Dividend, Aug-30-2021

Positive

I.D.I. Insurance Company Ltd., 4.088586 (ILS), Cash Dividend, Apr-05-2022

2022-03-30 00:00:00

I.D.I. Insurance Company Ltd., 4.088586 (ILS), Cash Dividend, Apr-05-2022

Neutral

I.D.I. Insurance Company Ltd., Special/Extraordinary Shareholders Meeting, Jan 10, 2022

2022-01-10 00:00:00

I.D.I. Insurance Company Ltd., Special/Extraordinary Shareholders Meeting, Jan 10, 2022.

Positive

Upstream Security Ltd. announced that it has received $62 million in funding from a group of investors

2021-08-24 00:00:00

On August 24, 2021, Upstream Security Ltd. closed the transaction. The company amended the terms of the transaction. The company has now received $62,000,000 in funding in the transaction. On the same day, the company received $26,000,000 in its final tranche. The transaction included additional participation from new investors, 57 Stars Global Opportunity Fund 5, a fund managed by 57 Stars LLC, La Maison Partners, BMW i Ventures, Inc. and existing investors Glilot Capital Partners, Salesforce Ventures, LLC, Volvo Group Venture Capital AB, Nationwide Ventures, LLC, Delek US and others. The company has received $105,000,000 in funding till date.

Positive

I.D.I. Insurance Company Ltd., 3.4071752 (ILS), Cash Dividend, Aug-30-2021

2021-08-23 00:00:00

I.D.I. Insurance Company Ltd., 3.4071752 (ILS), Cash Dividend, Aug-30-2021

Fundamental Summary

At a high level, the metrics from I.D.I's Q1 financial report release were demonstrably negative. Specifically, their growth, value, and income factors indicate an execution challenge when it comes to generating exciting and consistent growth. These results suggest a challenging future for I.D.I's stock. Correspondingly, I.D.I received a ranking of 43 and a UNDERPERFORM recommendation.

I.D.I reported earnings results for the first quarter ended March 31, 2022. For the first quarter, the company reported revenue was ILS 513.38 million compared to ILS 529.25 million a year ago. Net loss was ILS 6.88 million compared to net income of ILS 42.61 million a year ago. Basic loss per share from continuing operations was ILS 0.47 compared to basic earnings per share from continuing operations of ILS 2.9 a year ago. Diluted loss per share from continuing operations was ILS 0.47 compared to diluted earnings per share from continuing operations of ILS 2.9 a year ago.

Business Description

I.D.I provides insurance products and services to individuals and corporate customers in Israel. It offers life, health, personal accidents, business, car, home, travel, mortgage, and motorcycle insurance, as well as professional liability insurance for lawyers; and direct financing and savings plans. The company was founded in 2006 and is headquartered in Petah Tikva, Israel.

Sector Overview

I.D.I is included in the Insurance according to GICS (global industry classification standard). The Interactive Media & Services industry is part of the Communication Services sector. It includes companies that create or distribute content and information through proprietary platforms, with revenue generated primarily through pay-per-click ads (i.e. search engines, social media and networking platforms, online classifieds, and online review companies). I.D.I's industry and sector affiliation are expected to negatively affect their likelihood to overperform the market in the upcoming period, as other sectors appear more likely to benefit from the macroeconomic environment we see now.

Fundamental Highlights


Parameter Value Change Score
Assets 6,349.7 0.7% 76
Liabilities 5,560.2 2.2% 74
Price to Book 1.7 -15.6% 46
Cash & Equivalents 415.2 -40.4% 46
Equity 789.5 -8.4% 58
EBITDA 234.3 -22.9% 58
Total Revenues 2,102.5 -0.7% 82
Parameter Value Change Score
Return on Equity 18.4 -23.4% 44
Net Cashflow -17.5 -105.1% 45
Capital Expenditure -10.3 -11.2% 51
Asset Turnover 0.3 -0.6% 54
Free Cashflow -0.7 -102.7% 94

* All values are TTM

The below chart reflects I.D.I'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 I.D.I's peer average final assessment score stands on 70.0, I.D.I's score is 43.

  •  IDIN
  •  Peers average
Name Market Cap Balance Sheet Income Statement Cash Flow Rating Final Assessment mc_sort Hidden
The Phoenix Holdings Ltd. 9.2B 60 85 51
Hold
69
69 0 1
Harel Insurance Investments & Financial Services Ltd 7.5B 60 86 68
Hold
74
74 1 1
Migdal Insurance and Financial Holdings Ltd. 5.6B 77 87 47
Buy
81
81 2 1
Clal Insurance Enterprises Holdings Ltd. 4.8B 67 80 49
Hold
71
71 3 1
Menora Mivtachim Holdings Ltd 4.2B 68 80 51
Hold
72
72 4 1

Technical Analysis

When trying to optimize the timing of an investment, it's critical to analyze whether the stock looks overbought or oversold, and in which direction the momentum is moving. I.D.I's stock is now priced above its 5-day, but below its 50-day and 200-day moving average, while its MACD (moving average convergence divergence) indicates that the stock's price movement momentum is weakening. Historically, this is a positive setup in the near-term. Meanwhile, looking at the Stochastic Oscillator and RSI (relative strength index), I.D.I's stock doesn't strongly signal being overbought or oversold. Overall, these technical indicators signal negative momentum. Therefore, this stock received a cumulative TA (technical analysis) score of 42.

Bearish 42
Close Price 96.95
52W Low 86.38
52W High 131.4
5D MA 95.69
50D MA 100.8
200D MA 111.61
MACD -1.42
RSI 34.07
STOCH 99.44

Balance Sheet Analysis

I.D.I's most recent balance sheet report was not encouraging. I.D.I's price to book ratio (P/B) was reported as 1.7 and represents -15.6% change from the previous report. This characteristic can affect companies in the same industry and market capitalization by up to 24.1%. Their book value factor metrics are even more concerning when compared to their peers. Disappointing results in book value factors typically precede negative pressure in stock prices, so its book value factors received a grade of 46. Also, I.D.I's management did a relatively poor job managing cash and cash equivalents, which now sit at 415.2 and represents a -40.4% change from the last reporting period. The company's cash and cash equivalents metrics highlight a difficult overall financial situation, which may, unfortunately, continue moving forward unless management makes significant changes. Discouraging results like these statistically lead to negative pressure in stock prices, so we rated their cash and cash equivalents with a score of 46. However, we can draw some encouragement from I.D.I's momentum in Assets generation. I.D.I's management was effective in managing the value of the assets on their balance sheet, which now sits at 6349.7 and represents a 0.7% change from the previous report. This growth should support upward pressure on its's stock price, which better captures their intrinsic value. Therefore, its asset component earned a score of 76. Therefore, it received a cautionary score of 50.

Parameter Value Change Score
Assets 6,349.7 0.7% 76
Liabilities 5,560.2 2.2% 74
Price to Book 1.7 -15.6% 46
Cash & Equivalents 415.2 -40.4% 46
Equity 789.5 -8.4% 58
* All values are TTM

The below chart describes I.D.I's performance as reflected on its balance sheet with respect to its peers. While I.D.I received a balance sheet score of 50, the average of its peers stands on 71.0.

  •  IDIN
  •  Peers average
Name Market Cap Liabilities Movement Asset Change Equity/Intangibles Adjustments Cash & Equivalents Book Value Momentum Balance Sheet mc_sort Hidden
The Phoenix Holdings Ltd. 9.2B 73 41 47 75 59 60 0 1
Harel Insurance Investments & Financial Services Ltd 7.5B 72 71 44 55 62 60 1 1
Migdal Insurance and Financial Holdings Ltd. 5.6B 59 38 86 58 81 77 2 1
Clal Insurance Enterprises Holdings Ltd. 4.8B 63 70 40 65 74 67 3 1
Menora Mivtachim Holdings Ltd 4.2B 63 45 51 59 75 68 4 1

Income Statement Analysis

Results from I.D.I's current financials were concerning, in two areas in particular: Return Factors and EBITDA. In this filing, I.D.I reported a return on equity (ROE) ratio of 18.4, which represents a growth of -23.4%. This metric might have a 12.5 percent impact on companies in the same industry and with the same market capitalization. They does not yet appear to be headed in the right direction regarding these return on equity and return on assets metrics. Therefore, their return factors component earned a score of 44. Also, I.D.I reported concerning EBITDA this period. At filing, EBITDA was reported as 234.3, representing -22.9% change from the previous period. This parameter coud affect companies in the same industry and market capitalization by up to 7.9%. Their EBITDA metrics are even more problematic when compared to their peers. Its EBITDA movement, therefore, received a grade of 58. However, one encouraging metric, Revenue Efficiency, stood out. I.D.I reported highly encouraging numbers for its revenue efficiency. This characteristic can affect companies in the same industry and market capitalization by up to 2.3%. Their revenue efficiency, specifically in contrast to their industry peers', should support a positive movement in the company's stock price. As a result, its revenue efficiency earned a score of 82. Therefore, their income statement earned a grade of 51.

Parameter Value Change Score
EBITDA 234.3 -22.9% 58
Total Revenues 2,102.5 -0.7% 82
Return on Equity 18.4 -23.4% 44
* All values are TTM

The below chart describes I.D.I's performance as reflected on its income statement with respect to its peers. While I.D.I received a income statement score of 51 , the average of its peers stands on 68.0.

  •  IDIN
  •  Peers average
Name Market Cap Revenue Momentum Earning Movement Return Factors Momentum Income Statement mc_sort Hidden
The Phoenix Holdings Ltd. 9.2B 96 77 91 85 0 1
Harel Insurance Investments & Financial Services Ltd 7.5B 95 77 93 86 1 1
Migdal Insurance and Financial Holdings Ltd. 5.6B 97 78 94 87 2 1
Clal Insurance Enterprises Holdings Ltd. 4.8B 96 76 81 80 3 1
Menora Mivtachim Holdings Ltd 4.2B 95 76 81 80 4 1

Cash Flow Analysis

I.D.I's cash flow report highlighted several concerning metrics. I.D.I's produced underwhelming cash flow numbers in this filing. Net cash flow was reported as -17.5, which is a -105.1% change from the last report. Their net cash flow momentum should be a cause for concern and could bring negative momentum for I.D.I's stock price going forward. Consequently, their net cash flow movement received a grade of 45. Also, I.D.I's management was ineffective in materially improving CapEx, which now sits at -10.3 and represents a -11.2% change from the previous report. This performance is all the more uninspiring relative to their peers and competitors. Therefore, their CapEx movement component earned a score of 51. On the other hand, Free Cash flow, jumped out as looking rather positive. Free cash flow numbers published by I.D.I were -0.7, which was a -102.7% change from the previous filing. Companies in the same industry and market capitalization are typically affected by this parameter by up to 9.3%. These free cash flow numbers show that management has executed well while generating cash flow and encouraging growth. The company's free cash flow movement, therefore, received a grade of 94. Therefore, it received a cautionary score of 51.

Parameter Value Change Score
Net Cashflow -17.5 -105.1% 45
Capital Expenditure -10.3 -11.2% 51
Asset Turnover 0.3 -0.6% 54
Free Cashflow -0.7 -102.7% 94
* All values are TTM

The below chart describes I.D.I's performance as reflected on its cash flow with respect to its peers. While I.D.I received a cash flow score of 51, the average of its peers stands on 67.0.

  •  IDIN
  •  Peers average
Name Market Cap Cashflow Momentum Free Cashflow Growth Capital Expenditure Growth Assets Factors Momentum Cash Flow mc_sort Hidden
The Phoenix Holdings Ltd. 9.2B 58 82 45 39 51 0 1
Harel Insurance Investments & Financial Services Ltd 7.5B 84 45 88 41 68 1 1
Migdal Insurance and Financial Holdings Ltd. 5.6B 49 89 48 39 47 2 1
Clal Insurance Enterprises Holdings Ltd. 4.8B 47 88 60 40 49 3 1
Menora Mivtachim Holdings Ltd 4.2B 46 92 60 40 51 4 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.