Wednesday, March 27, 2024


Bank Hapoalim B.M. (POLI)NIS34.30

DATA & ARCHIVE DOWNLOAD CENTER

POLI: EXPORT DATA TO EXCEL:

+ PRICE VOLUME - 5-YEAR HISTORY

+ FINANCIALS - 10-YEAR HISTORY [INCLUDING Q3/2023]:

+ PEER COMPARISON

POLI: OTHER INFORMATION:

+ NEWS ARCHIVES - POLI PAST 3 YEARS:

+ PRICE VOLUME CHARTS

Index (Click on tabs to view details)

Corporate Profile and Independent Ratings

Activities

Bank Hapoalim is an Israel-based banking and financial institution which has a network of 252 branches and eight regional business centres in Israel and a presence in many countries. It is Israel's 2nd largest Banking & Investment Services company by market capitalisation.


Independent Ratings and Relative Value Indicators

+    Brand Finance 500:
Bank Hapoalim B.M. was ranked 151 in the Brand Finance list of the world's 500 Valuable Banking brands by brand value in 2015; an improvement over a year from rank 154 in 2014. Brand Finance valued the brand at US$1,058 million and ranked it Number 151 in Middle East.


Contact Details

Websitehttp://www.bankhapoalim.co.il
Physical Address50 Rothschild Boulevard Tel Aviv, 66883 Israel
Phone972-3-5673333
Fax972-3-5674576
EmailYORAM.WEISSBREM@MAILPOALIM.CO.IL



Financials

POLI Financials Summary:

Year ended DecFY2022FY2021FY2020
Pretax ($)2.7B2.1B998.7M
Net ($)1.7B1.3B550.2M
EPS (ILS)4.893.681.54

EPS up 32.9% to ILS4.89 in FY2022 [ y.e. 31 Dec 2022]
+    Net profit was up 32.9% from $1.3 billion in FY2021 to $1.7 billion in FY2022.
+    Earnings Per Share (EPS) was up 32.9% from ILS3.68 in FY2021 to ILS4.89 in FY2022.


Tax & Dividend

Average Income Tax Paid (Past 3 Years)

In the past 3 years, Income Tax as % of profit before tax decreased from 42.6% to 35.5% and Income Tax as % of operating cash flow decreased from 31.1% to 20.7%.
Description202220212020
As % of profit before tax35.537.942.6
As % of operating cash flow20.726.731.1



Dividend History

In the past 3 years annual dividends have increased by 58.2 agorot from 110.7 agorot to 168.9 agorot. Based on a start date of 3 years ago, there has been one decline in dividends over the last 3 years.
Date PaidValue ( agorot)Type
18 Mar 202426.32Cash
27 Nov 202324.98Cash
23 Aug 202357.51Cash
01 Jun 202360.05Cash
Tr 12 Months168.86
2022 - 2023109.51
2021 - 2022110.65



Board of Directors

Board Of Directors

Board Of Directors [Ten directors with tenure > 15 yrs]
NameSince Appointment
Meir Wietchner15 Yrs, 3 Mos
Moshe Koren32 Yrs, 3 Mos
Dafna Schwartz-
Oded Eran-
Reuven Krupik-
Efrat Peled-
Yacov Peer-
Amnon Dick-
Imri Tov-
Ido Stern-



Profiles of Top Management

Ari Pinto
CEO & President
Ari Pinto was appointed to the position of President and CEO on August 1, 2016. Mr. Pinto has been with Bank Hapoalim since 1980 and joined the Board of Management in 2009, initially as Head of Corporate Strategy, serving as Head of Retail Banking from 2013 - 2015 and as COO in 2016.
Prior to joining the Board, he served in a variety of senior positions in the Bank, mainly in Retail Banking and Human Resources & Logistics.
Mr. Pinto has a BA in Business Administration from New England College in New Hampshire and a Master's degree in Public Administration from Clark University in Boston.

Yadin Antebi
CFO
Mr. Antebi joined Bank Hapoalim in July 2013 upon his appointment to the Board of Management as CFO of the Bank.
Before joining the Bank, he served as CEO at DS Investment House (2011-2012) and as Commissioner of Capital Markets, Insurance & Savings at the Ministry of Finance (2005-2009).
Mr. Antebi is a Certified Accountant and has a BA in Economics and Accounting and a Master's degree in Business and Management from the Hebrew University of Jerusalem.

Tzahi Cohen
Chief Risk Officer
Mr. Cohen joined Bank Hapoalim in 1994 and was appointed to the Board of Management in July 2012. Before his current appointment, he fulfilled several senior positions including Head of Credit Analysis and Project Finance in the Corporate Banking Division.
Mr. Cohen has a B.Sc. in Aeronautical Engineering from the Technion in Haifa and a Master's degree in Business Administration from Tel Aviv University.


Profiles of Board of Directors

Dafna Schwartz
Director
Serves as an external director, as defined in Section 240 of the Companies Law. Member of the Board of Directors of the Bank as of April 6, 2012.
Professor at Ben Gurion University.
B.A. in Economics, Tel Aviv University; M.A. in Agricultural Economics and Administration, Hebrew University of Jerusalem; Ph.D. in Economics, Hebrew University of Jerusalem.
Serves as an academic staff member at Ben Gurion University, head of the Entrepreneurship and Innovation course of study in the Department of Business Administration, chairperson and director of the Bengis Center for Entrepreneurship and Innovation at the Guilford Glazer Faculty of Business & Management, and member of the board of governors of Ben Gurion University of the Negev.
Practices as an economic and business consultant in Israel and overseas (Prof. Dafna Schwartz Economic and Business Development Ltd.).
Member of the National Council for Research and Development.
Member of the general assembly of the Achva Academic College of Education (Registered Non-Profit Association). Member of the board of directors of Strauss Group Ltd. (external director).

Yacov Peer
Director
Serves as an external director (as defined in Proper Conduct of Banking Business Directive No. 301 of the Bank of Israel. Serves as a director of the Bank as of October 6, 2010.
B.A. in Economics, Ben-Gurion University; M.B.A., Industrial Engineering and Management, Ben-Gurion University.
Financial and management consultant for small businesses.
Member of the Friends of Rabin Medical Center Foundation.

Meir Wietchner
Director
Serves as a director of the Bank as of November 24, 2009. B.A. in Political Science and Computer Science, Bar Ilan University, Ramat Gan; M.B.A., Northwestern University, Chicago. Serves as Head of Global Strategy for the Arison Group and as Chairman of the Miya Group. Member of the board of directors of the following companies: Miya S.a.r.l., Miya Lux Holdings S.a.r.l., Miya Water Holdings Ltd., Miya Water Projects Ltd, Dorot Management Control Valves Ltd., Miya Water SA (Proprietary) Ltd., Miya Water Mexico, V.DEC S.A., Miya NL Holdings BV, Miya NL Projects BV, Miya Australia Holdings PTY Ltd., Miya Lux Holdings S.A.R.L., Swiss IP Branch, Miya Voda D.O.O., Romiya (subsidiary of Miya Water S.R.L.), Miya Columbia S.A.S., Miya Puerto Rico LLC., 4Water Supplies (Pty) Ltd.

Shareholder Value:
Creation of shareholder value in Bank Hapoalim B.M.:
Year of appointment: 2009
In the last 10 years the average annualized return to shareholders was 10.0%. The present value of NIS1,000 (PV1000) invested 10 years ago is now NIS2,594, a gain of NIS1,202 and dividend reinvested of NIS392.


Reuven Krupik
Director
Serves as an external director (as defined in Proper Conduct of Banking Business Directive No. 301 of the Bank of Israel. Member of the Board of Directors of the Bank as of February 18, 2016.
B.A. in Social Sciences (specialized in economics and political science), Hebrew University of Jerusalem; B.A. in Law, Tel Aviv University; graduate of business course at the Kellogg Recanati Center, Tel Aviv University.
Director of companies, business entrepreneur.
Chairperson of the board of directors of Gamida Cell Ltd.; director at Recanati Winery Ltd.
Member of the executive board of the Institute for Medical BioMathematics (Registered Non-Profit Association).

Imri Tov
Director
Serves as an external director, as defined in Section 240 of the Companies Law. Serves as a director of the Bank as of February 5, 2009.
B.A. in Economics and Political Science, Hebrew University of Jerusalem; M.A. in Economics and Business Administration, Hebrew University of Jerusalem.
Director of companies; business consultant; consultant and researcher in defense economics.
Member of the board of directors of the following companies: MTA Holdings Ltd., Amanet Management and Systems Ltd. (external director), and Plasan Sasa Ltd.
Member of the Paratrooper Veterans of the Liberation of Jerusalem and Crossing of the Canal Foundation (Registered Non-Profit Association), the Paratrooper Heritage Foundation, and the executive board of HaGesher Theater.

Efrat Peled
Director
Member of the Board of Directors of the Bank as of January 24, 2007.
B.A. in Economics and Accounting, Tel Aviv University; M.B.A., EMBA Kellogg Recanati International Program, Tel Aviv University and Northwestern University; Certificate in Land Assessment, Tel Aviv University.
Serves as chairperson of the board of directors and CEO of the following companies: Arison Holdings (1998) Ltd., Arison Investments Ltd., Arison Sustainability Ltd., Arzaf Ltd., and Arzaf B (97) Ltd.; and as CEO of SAFO LLC and Arzaf C Ltd., which are controlled by the holder of the permit for control of the Bank.
Chairperson of the board of directors and CEO of the following companies: Arison Holdings (1998) Ltd., Arison Investments Ltd., Arison Sustainability Ltd., Arzaf Ltd., Arzaf B (97) Ltd., and Arzaf C Ltd.; and CEO of SAFO LLC.
Member of the board of directors of the following companies: Shikun & Binui Ltd., Av-Ar Capital Investments 1997 Ltd., Salt of the Earth Ltd., Arison Investments USA LLC, and Arshav Holdings Ltd. Member of the board of directors of the Weizmann Institute of Science.

Oded Eran
Director
Chairman of the Board of Directors of the Bank as of January 1, 2017
Serves as a director of the Bank as of February 18, 2016.
M.A. in Law, Tel Aviv University; M.A. in Literature, Tel Aviv University; B.A. in Law, Tel Aviv University; B.A. in Humanities, Open University.
Special consultant to the law firm Goldfarb Seligman & Co. External lecturer at the Department of Law, Tel Aviv University.
Director and controlling shareholder of the companies: Oded Eran Law Office; Minortil Ltd.
Director at the Whole Person Association - Israeli Organization for the Prevention of Discrimination Based on Body Weight Ltd.

Amnon Dick
Director
Member of the Board of Directors of the Bank as of March 24, 2010
Chairperson of the New Products Committee of the Board of Directors.
Member of the following Board Committees: the Credit Committee, the Overseas Banking and International Activity Committee, the Information Technology Committee, the Reform and Capital Management Committee, the Corporate Governance and Stakeholders Committee, and the Remuneration Committee in expanded format.
Serves as an external director. Has accounting and financial expertise and professional qualification.
M.B.A., Tel Aviv University; B.A. in Economics, Tel Aviv University.
Businessman, manager of companies, consultant, and director.
CEO of Adsensory Ltd.
Member of the board of directors of the following companies: Non Stop Radio Ltd., Northern Radio Ltd., Radio Eco 99 Ltd., Rala Management and Development (2014) Ltd., Eco Sharon Management and
Development Ltd., Migad Communication Ltd., and Habima National Theater Ltd. (Public Benefit Company).
Chairperson of the Friends of Tel Aviv University Association.

Moshe Koren
Director
Member of the Board of Directors of the Bank as of August 3, 1992. B.A. in Economics and Statistics, Hebrew University; graduate of Financial Statement Analysis courses. Banking and financial advisor.

Shareholder Value:
Creation of shareholder value in Bank Hapoalim B.M.:
Year of appointment: 1992
In the last 20 years the average annualized return to shareholders was 8.3%. The present value of NIS1,000 (PV1000) invested 20 years ago is now NIS4,895, a gain of NIS3,156 and dividend reinvested of NIS739.


Ido Stern
Director
Member of the Board of Directors of the Bank as of September 24, 2012.
Deputy General Manager and legal counsel at Arison Holdings (1998) Ltd., Arison Investments Ltd., Arison Sustainability Ltd., Arzaf B 97 Ltd., Arzaf Ltd., and Av-Ar Capital Investments 1997 Ltd., which are controlled by the holder of the permit for control of the Bank.
L.L.B., Hebrew University of Jerusalem; Program for Leadership Development (PLD), Harvard Business School, Boston.
Member of the boards of directors of the following companies: Shikun & Binui Ltd. and Salt of the Earth Ltd.


Peer Comparison & Ranking of POLI

PEER COMPARISON: POLI IN INDICES

Bank Hapoalim B.M. is a constituent of the following indices.

Its market capitalisation is $13 billion and accounts for 10.2% of the combined MCap of the TA-25 Index.
Index NameMCap of Index ($ b)POLI MCap as % of Index
TA-25 Index123 10.2
TA-100 Index185 6.8



BUYSELLSIGNALS FUNDAMENTALS VALUATION RANKING:

Bank Hapoalim B.M. vs Israel Market

Out of 346 stocks in the Israel Market, Bank Hapoalim B.M. is ranked second(2) by Total Assets, third(3) by Net Profit $, fourth(4) by Market Cap in $ and Seventy-second(72) by Yield.
Israel AvgPOLIPOLI Rank
Total Assets $4.4 B 2
Net Profit $26.9 M1.7 B3
Market Cap $759.6 M12.5 B4
Yield (%)2.74.972
Premium to 52-Wk Low (%)28.431.8108
ROA (%)0.60.97208
Discount to 52-Wk High (%)1.71.4326

Negative values are shown in brackets.


Stock in Index and Stock in Sector

DescriptionPOLITA-25 Index% of TA-25 IndexBanking & Investment Services Sector% of Banking & Investment Services Sector
Net Profit $1.8 B-872,584,007-204.2512.8 M347.4
Total Assets $181.5 B92.1 B197.053.8 B337.3
MCap $12.5 B123.5 B10.251.5 B24.3



GLOBAL RANK [out of 46,473 stocks] AND RANK OF BANK HAPOALIM B.M. IN THE ASIA REGION [out of 25,377 stocks]

DescriptionValueGlobal RankIn Asia Region
MCap ($)12.5B1,416421
Total Assets ($)178.5B395142
Net Profit ($)1.4B1,007299
Return on Equity %11.311,8106,713
Yield %4.95,7912,477
PV1000 (1Year) $*1,17513,1467,160
$* Change (1Year) %14.514,1087,724


* 1 year ago $1 = NIS 3.6
Mar 27, 2024: $ 1 equals NIS 3.67


RANK OF BANK HAPOALIM B.M. IN THE TA-25 INDEX [out of 19 stocks], IN THE ISRAEL MARKET [out of 356 stocks] AND IN THE BANKING & INVESTMENT SERVICES SECTOR [out of 31 stocks]

DescriptionValueIn TA-25 IndexIn Israel MarketIn Banking & Investment Services Sector
MCap (NIS)46B442
Return on Equity %13.898111
Yield %4.958515
PV1000 (1Year) NIS1,2021117019



LONG-TERM FUNDAMENTAL RANKING: 4 OUT OF 5 [5 is best]

Bank Hapoalim B.M. is ranked number 2 out of 33 listed banking & investment services companies in the Israel with a market capitalization of NIS46 billion ($12.5 billion).

It has a moderate relative ROE of 13.8% and ROA of 1%. The company paid a dividend of NIS1.69 in the last twelve months. The dividend yield is moderate at 4.9%. Finally, its earnings growth in the past 12 months has been a comparatively high 32.9%.
Stocks are scored on a set of parameters reflecting fundamental analytical tools involving valuation, size and financial performance. They are ranked according to the average values of those parameters. The highest ranking is 5 and the lowest ranking is 1.


Glossary

ADVT: Average Daily Volume of shares Traded
Annual Return: Dividends Paid In a 12-Month Period/Price at the Beginning of the Period + Capital Gain or Loss over 1 Year/Price 1 Year Ago (%)
Current Ratio: Current Assets/Current Liabilities (times)
Dividend Yield: Dividend Per Share/Share Price (%)
Income during the n years (3/2/1): Dividends received during the Period
Interest Cover: Earnings Before Interest and Tax/Interest (times)
Moving Average Price (n periods): Sum of Prices for each Period/Number of Periods
PV1000: Present value of 1000 invested 1 year/'n' years ago
Price Close/Moving Avg Price: Latest Price/Moving Average Price
Relative Price Change [RPC]: Relative price change is price change of stock with respect to Benchmark Index
Relative Strength (6 Months): Price close today/Price close 6 months ago, then ranked by percentile within the entire market.
Return on Assets: Net Profit/Total Assets (%)
Return on Equity (Shareholders' Funds): Net Profit/Net Assets (%)
TSR: Total Shareholder Returns is expressed as an annualized rate of return for shareholders after allowing for capital appreciation and dividend
Volume Index (VI): Number of shares traded in the period/Average number of shares traded for the period
Volume Weighted Average Price (VWAP): The Volume Weighted Average Price (VWAP) is the summation of turnover divided by total volume in the same period.

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Data for the BuySellSignals algorithms is drawn from annual reports, company websites and similar sources of publicly available data. It should be used as a guide only.

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