Israeli stock report - Israel Discount Bank

ISRAEL

Israel Discount Bank hits two-month high October 19, 2017 17:30 IDT

NEWS BITES - MIDDLE EAST & NORTH AFRICA

Israel Discount Bank Ltd. (TASE:DSCT), Israel's 4th largest Bank by market cap, traded at its 57-day high of NIS9.22. The stock price has increased 7.0 agorot (0.8%) from its last trading session of October 18 to close at NIS9.21. Compared with the TA-25 Index which fell 10.7 points (0.7%) in the day, the relative price increase was 1.5%. The volume was 0.3 times the average daily trading volume of 4.2 million shares.

Highlights in today's Report:

SECTION 1 BULLISH SIGNALS

Technicals, High Performance Indicators

SECTION 2 BEARISH SIGNALS

SECTION 3 PRICE VOLUME DYNAMICS

Technicals, Beta, Turnover Rate & Turnover Period, Month-on-Month Comparison (Trailing Month - ended 18th)

SECTION 4 PEER GROUP ANALYSIS & RANKING

Global Peer Group Analysis (all figures in USD), Global, Regional, Market, Index, Sector, Independent Ratings

SECTION 5 PROFILE

Activities, Industry & Sector, Top Management, Issued Capital

SECTION 1 ISRAEL DISCOUNT BANK BULLISH SIGNALS

1.1 Technicals:

+ The 2.4% discount to 12-month high of NIS9.44 against the 33.1% premium to 12-month low of NIS6.92 suggests the stock continues to push for new highs.

+ In the last three months the stock has hit a new 52-week high thrice.

+ The present value of NIS1,000 (PV1000) invested one year ago in Israel Discount Bank is NIS1,290, for a capital gain of NIS290.

PV10001-week1-month1-year
DSCT.TASE1,0241,290
TA-25 Index9971,0111,004

1.2 High Performance Indicators:

DescriptionValueRank In Market
Today's TurnoverNIS12 million (US$3.4 million)In Top 3%
Volatility %1.1In Top Quartile
Price Change %0.8In Top Quartile

SECTION 2 ISRAEL DISCOUNT BANK BEARISH SIGNALS

Technicals:

Overbought/Bearish/Resistance Signals:

+ The stock is overbought according to the Williams % R indicator of -2.9, suggesting the price is close to its 14-day high of NIS9.22.

SECTION 3 PRICE VOLUME DYNAMICS

3.1 Technicals:

+ Volume: there were 1,300,000 shares worth NIS12 million (US$3.4 million) traded today.

+ The present value of NIS1,000 (PV1000) invested ten years ago in Israel Discount Bank is NIS1,027, including a capital loss of NIS29 and dividend reinvested of NIS56.

+ 10 years Multiplier in NIS = 1.027x

+ Compound Annual Growth Rate (CAGR) in NIS = 0.3%

Present Value of USD1,000 invested 10 years ago:

+ The present value of USD1,000 (PV1000) invested ten years ago in Israel Discount Bank is $US1,177, including a capital gain of $US113 and dividend reinvested of $US64.

+ 10 years ago USD 1 equalled NIS 4.029

+ 10 years Multiplier in USD = 1.177x

+ Compound Annual Growth Rate (CAGR) in USD = 1.6%

Oct 19, 2017: USD 1 equals NIS 3.51

3.2 Beta:

+ Beta: the Beta of Israel Discount Bank stock is 0.4. A Beta lower than 1 suggests this is a low risk, low return stock with volatility less than that of the market.

3.3 Turnover Rate & Turnover Period:

+ The turnover rate in the 12 months to date was 70.4% (or a turnover period of 1 year 5 months). This average length of ownership of the stock at 0.6 times the average holding period of 2 years 5 months for stocks in the TA-25 Index suggests a slightly larger number of speculators on the share register, making it less safe for long-term investors.

3.4 Month-on-Month Comparison (Trailing Month - ended 18th)

18 Oct18 Sep17 Aug18 Jul18 Jun18 May
Price 18 Oct (NIS)9.148.929.159.298.948.96
% Price Change2.5-2.7-13.914.8
Avg Daily Volume4,163,8514,340,1714,392,0214,548,0324,342,2624,602,184
VWP (NIS)9.099.149.169.038.758.43
Price Range (NIS)8.82 - 9.178.75 - 9.289 - 9.448.91 - 9.388.79 - 9.278.46 - 9.2
Relative Price Change %0.9-4.93.120.12.5
Volatility %46.14.95.35.58.8

SECTION 4 PEER GROUP ANALYSIS & RANKING

4.1 Global Peer Group Analysis (all figures in USD)

NameRelative Str. (6 mo)MCapPV $1000 (1 yr)RevenueNet ProfitTotal Assets
AMMB Holdings453.2B1,165.71.7B312.9M31.8B
Bank Albilad623.1B1,275.8690.2M214.9M14.3B
Valley National Bancorp603.1B1,262.9721.4M161M22.9B
National Bank of Greece773.1B1,546.15.5B(2.7B)119.9B
Israel Discount Bank673.1B1,407.12.1B213.8M58.5B
Commercial Bank of Dubai353B853.4M272.6M17.4B
Alpha Bank563B1,103.43.8B(364.8M)80.7B
Commercial Bank of Qatar382.9B744.31.1B116.9M16.6B
TCF Financial622.9B1,204.4930.7M221.7M21.4B

Global Peer Group Analysis (continued)

CodeCountryLast PriceP/EP/BookTurnover Rate (%)% Disc to 52-w HiRetention Ratio*
1015MYMYR4.4810.21.131.519.460.1
1140SASAR19.5014.41.620.57.740.7
VLYUS$US11.7918.71.9175.18.030.2
ETEGR28.60c79.124.1
DSCTILNIS9.1470.93.2
CBDAEAED4.011.11.30.219.944.4
ALPHAGREUR1.67102.028.3
CBQKQAQAR26.5026.01.617.725.6
TCFUS$US17.0714.71.3211.614.874.1

*Retention Ratio: The retention ratio is an opposite of payout ratio and refers to the percentage of net income that is retained to grow the business.

4.2 Global Rank [out of 47,823 stocks] and Rank in the Asia Region [out of 22,268 stocks]

DescriptionValueGlobal RankIn Asia Region
MCap (US$)3.1B3,9771,505
Total Assets (US$)58.5B755218
Revenue (US$)2.1B4,1621,598
Net Profit (US$)213.8M3,0621,041
Return on Equity %5.619,89310,956
Price to Book0.87,7384,272
Price/Earnings13.07,5473,976
PV$1000 (1Year) US$*1,40710,6824,812
US$* Change (1Year) %38.39,8164,469

* 1 year ago USD 1 = NIS 3.83

Oct 19, 2017: USD 1 equals NIS 3.51

4.3 Rank in the TA-25 Index [out of 21 stocks], Rank in the Total Israel Market [out of 393 stocks] and Rank in the Bank sector [out of 9 stocks]

DescriptionValueIn TA-25 IndexIn Total Israel MarketIn Bank sector
MCap (NIS)10.7B14154
Total Assets (NIS)205.3B444
Revenue (NIS)7.3B8143
Net Profit (NIS)750M994
Return on Equity %5.6171368
Price to Book0.82856
Price/Earnings13.08796
PV1000 (1Year)1,29061006

4.4 Independent Ratings

Israel Discount Bank Ltd. was ranked 233 in the Brand Finance list of the world's 500 Valuable Banking brands by brand value in 2015; a deterioration over a year from rank 226 in 2014. Brand Finance valued the brand at US$531 million.

It is the 1692nd largest by revenue in the Forbes Global 2000.

It is placed 89/316 in BSS News Bites' ranking of Israel performers in the past year, a percentile ranking of 72.

SECTION 5 ISRAEL DISCOUNT BANK PROFILE

5.1 Activities

Israel Discount Bank is a banking and financial services group in Israel with a presence in many other countries.

5.2 Industry & Sector

Classification LevelName of Sector
Business SectorBanking & Investment Services
Industry GroupBanking Services
IndustryBanks
Economic SectorFinancials

5.3 Top Management

The chairman is Joseph Bachar.

5.4 Issued Capital

Based on 1,164,016,993 issued shares the market capitalisation is NIS10.7 billion (US$3.1 billion).

Contact: 972-3-5145582

Physical Address: 23 Yehuda Halevi Street Tel Aviv, 65136 Israel

State/Province/Country: Israel

Country of Incorporation: Y

Exchange: Tel Aviv Stock Exchange

ISIN: IL0006912120

TV:DSCT; TLV:DSCT; TA:DSCT; TA:DSCT; IT:DSCT; DSCT.TA

PermID: 4295875063

Israel Discount Bank Ltd

Source: www.BuySellSignals.com