Company Valuation: Israel Canada (T.R) Ltd

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 2,605 5,859 2,235 3,274 4,555 5,460
Change - 124.95% -61.85% 46.46% 39.12% 19.87%
Enterprise Value (EV) 1 4,892 10,103 6,620 8,156 10,689 12,873
Change - 106.49% -34.47% 23.2% 31.05% 20.43%
P/E 34.5x 9.87x 8.41x -59.3x 22.1x 190x
PBR 2.71x 3.34x 1.01x 1.57x 1.83x 2.03x
PEG - 0x -0.2x 0x -0x -2.2x
Capitalization / Revenue 13.5x 16.7x 1.47x 5.98x 9.08x 6.27x
EV / Revenue 25.4x 28.8x 4.36x 14.9x 21.3x 14.8x
EV / EBITDA 98.8x 107x 14.6x 78.3x 125x 161x
EV / EBIT 101x 123x 15.3x 102x 241x 270x
EV / FCF -172x -66.4x -33.9x -5.28x -22.2x 71.5x
FCF Yield -0.58% -1.51% -2.95% -19% -4.5% 1.4%
Dividend per Share 2 - 0.194 0.0826 0.0775 0.0755 -
Rate of return - 0.97% 1.08% 0.72% 0.53% -
EPS 2 0.277 2.032 0.91 -0.1826 0.6398 0.087
Distribution rate - 9.55% 9.08% -42.4% 11.8% -
Net sales 1 192.8 350.9 1,518 547.6 501.6 871.1
EBITDA 1 49.54 94.44 452.5 104.1 85.59 79.77
EBIT 1 48.35 81.82 432.8 79.92 44.42 47.74
Net income 1 76.53 571 349.7 -55.74 206.4 28.83
Net Debt 1 2,288 4,244 4,385 4,882 6,134 7,413
Reference price 2 9.55 20.05 7.65 10.82 14.12 16.50
Nbr of stocks (in thousands) 272,724 292,215 292,216 302,584 322,566 330,899
Announcement Date 25/3/21 13/3/22 22/3/23 26/3/24 25/3/25 24/3/26
1ILS in Million2ILS
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 2B
14.32x4.51x12.33x3.49% 41.28B
6.36x0.84x1.69x7.94% 30.32B
21.18x4.24x17.78x1.2% 28.82B
7.69x1.39x6.96x4.64% 27.67B
14.61x3.09x15.27x2.4% 24.36B
15.73x1x6.63x2.37% 21.83B
15.15x6.64x18.83x1.25% 19.98B
9.09x2.19x7.52x4.09% 19.85B
Average 13.01x 2.99x 10.88x 3.42% 24.01B
Weighted average by Cap. 13.03x 3.01x 10.78x 3.57%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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