Israeli stock report - Israel Discount Bank

ISRAEL

Israel Discount Bank decreases January 16, 2018 17:30 IST

NEWS BITES - MIDDLE EAST & NORTH AFRICA

Israel Discount Bank Ltd. (TASE:DSCT), Israel's 4th largest Bank by market cap, has decreased 10.0 agorot (1.0%) from its last trading session of January 15 to close at NIS10.15. Compared with the TA-25 Index which rose 3.3 points (0.2%) in the day, the relative price change was -1.2%. The volume was 0.4 times the average daily trading volume of 4 million shares.

Highlights in today's Report:

SECTION 1 BEARISH SIGNALS

Technicals, Low Performance Indicator

SECTION 2 BULLISH SIGNALS

Technicals, High Performance Indicators

SECTION 3 PRICE VOLUME DYNAMICS

Momentum, Beta, Turnover Rate & Turnover Period, Month-on-Month Comparison (Trailing Month - ended 15th)

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 BEARISH SIGNALS

1.1 Technicals:

Downtrend: The stock dropped on high volatility today.

1.2 Low Performance Indicator:

DescriptionValueRank In Market
% Prem to Vol Wtd Price0.5In Bottom 7%

SECTION 2 ISRAEL DISCOUNT BANK BULLISH SIGNALS

2.1 Technicals:

+ The 3.0% discount to 12-month high of NIS10.46 against the 31.0% premium to 12-month low of NIS7.75 suggests the stock continues to push for new highs.

+ In the last three months the stock has hit a new 52-week high eighteen times, pointing to a significant uptrend.

+ The present value of NIS1,000 (PV1000) invested one year ago in Israel Discount Bank is NIS1,251, for a capital gain of NIS251.

PV10001-week1-month1-year
DSCT.TASE1,0041,0531,251
TA-25 Index1,0081,0211,065

+ The present value of NIS1,000 (PV1000) invested ten years ago in Israel Discount Bank is NIS1,202, including a capital gain of NIS136 and dividend reinvested of NIS66.

+ 10 years Multiplier in NIS = 1.202x

+ Compound Annual Growth Rate (CAGR) in NIS = 1.9%

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 $US1,319, including a capital gain of $US247 and dividend reinvested of $US72.

+ 10 years ago USD 1 equalled NIS 3.7313

+ 10 years Multiplier in USD = 1.319x

+ Compound Annual Growth Rate (CAGR) in USD = 2.8%

Jan 16, 2018: USD 1 equals NIS 3.4

2.2 High Performance Indicators:

DescriptionValueRank In Market
Today's TurnoverNIS15.4 million (US$4.5 million)In Top 3%
Price/MAP2001.09In Top Quartile

SECTION 3 PRICE VOLUME DYNAMICS

3.1 Momentum:

+ Volume: there were 1,520,000 shares worth NIS15.4 million (US$4.5 million) traded today. In the past week, volume was 0.4 times average and the shares were up 0.4%.

3.2 Beta:

+ Beta: the Beta of Israel Discount Bank stock is 0.5. 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 64.4% (or a turnover period of 1 year 6 months). This average length of ownership of the stock at 0.5 times the average holding period of 3 years 2 months for stocks in the TA-25 Index suggests a 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 15th)

15 Jan14 Dec15 Nov15 Oct14 Sep15 Aug
Price 15 Jan (NIS)10.259.529.559.178.89.41
% Price Change6.4-0.64.13.2-5.21.6
Avg Daily Volume4,000,0534,012,8414,062,9794,156,9714,345,1204,388,861
VWP (NIS)9.749.49.099.119.149.15
Price Range (NIS)9.6 - 10.469.31 - 10.179 - 9.688.75 - 9.178.75 - 9.419 - 9.44
Relative Price Change %1-3.97.50.8-7.16.2
Volatility %99.27.54.87.64.9

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
Alpha Bank363.7B1,195.53.8B(364.8M)80.7B
AMMB Holdings513.7B1,318.51.6B334.6M34B
Mashreqbank593.6B1,081.23B524.6M33.4B
Bank Albilad733.6B1,311.5691.7M215.4M14.4B
Israel Discount Bank713.5B1,407.82.1B213.8M58.5B
Abu Dhabi Islamic Bank673.3B1,169.51.6B531.6M33.3B
Bank Millennium833.3B2,018.0162.2M15.1B
Turkiye Halk Bankasi233.3B1,045.04.7B681.6M61.7B
Fulton Financial513.3B1,061.5603.1M161.6M18.9B

Global Peer Group Analysis (continued)

CodeCountryLast PriceP/ETurnover Rate (%)% Disc to 52-w HiRetention Ratio*
ALPHAGREUR1.9883.815.0
1015MYMYR4.8010.929.612.660.0
MASQAEAED75.06.91.521.163.1
1140SASAR22.2016.416.62.540.7
DSCTILNIS10.2563.82.0
ADIBAEAED3.887.55.25.451.9
MILPLPLN9.3315.33.4
HALKBTRTRY9.89594.935.6
FULTUS$US18.8020.2118.74.235.5

*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 47,421 stocks] and Rank in the Asia Region [out of 22,528 stocks]

DescriptionValueGlobal RankIn Asia Region
MCap (US$)3.5B3,6991,373
Total Assets (US$)58.5B770223
Revenue (US$)2.1B4,2181,650
Net Profit (US$)213.8M3,1091,069
Return on Equity %5.620,19011,317
Price to Book0.87,5064,315
Price/Earnings13.06,6123,246
PV$1000 (1Year) US$*1,40811,7055,944
US$* Change (1Year) %42.010,9125,552

* 1 year ago USD 1 = NIS 3.83

Jan 16, 2018: USD 1 equals NIS 3.4

4.3 Rank in the TA-25 Index [out of 20 stocks], Rank in the Total Israel Market [out of 399 stocks] and Rank in the Bank sector [out of 9 stocks]

DescriptionValueIn TA-25 IndexIn Total Israel MarketIn Bank sector
MCap (NIS)11.8B12134
Total Assets (NIS)205.3B444
Revenue (NIS)7.3B7133
Net Profit (NIS)750M994
Return on Equity %5.6171348
Price to Book0.82665
Price/Earnings13.08606
PV1000 (1Year)1,25151275

4.4 Independent Ratings

+ Brand Finance 500:

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.

+ Forbes 2000:

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

+ BSS/News Bites:

It is placed 103/328 in BSS News Bites' ranking of Israel performers in the past year, a percentile ranking of 69.

+ Vanguard Total World Stock ETF 7457:

The stock was one of 7457 global stocks selected by Vanguard Total World Stock ETF (VT). As at November 30, 2017, the Vanguard Total World Stock ETF held 311,734 shares worth $US849,497 or 0.01% by value of the ETF's portfolio [Ranked 2263 out of 7457 by value and 7 out of 56 for Israel].

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 NIS11.8 billion (US$3.5 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