Menora Miv Hld (MMHD) AI Stock Analysis

• Market Cap: ₪24.92B
• Dividend Yield: 2.61%
• Average Volume (3M): 97.70K
• Price to Earnings (P/E): 12.1
• Beta (1Y): 1.62
• Revenue Growth: 23.28%
• EPS Growth: 124.99%
• Country: IL
• Employees: 3,716
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Diversified
• EPS (TTM): 951.70
• Shares Outstanding: 62,375,896
• 10 Day Avg. Volume: 92,349
• 30 Day Avg. Volume: 97,698
• PEG Ratio: 0.08
• Price to Book (P/B): 1.28
• Price to Sales (P/S): 0.62
• P/FCF Ratio: 6.77
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: 43,128.00 ▲(10.58% Upside)

The score is driven primarily by improved TTM profitability and strong free cash flow, tempered by revenue decline, rising leverage, and historically inconsistent cash flows. Valuation is supportive (P/E ~12.1 and ~2.94% yield), while technicals are mixed with weaker near-term momentum despite a positive MACD.

Positive Factors

Improved profitability

Material improvement in net income and margins materially raises the company’s underlying earnings power. Sustained higher margins increase retained earnings and capacity for reinvestment or shareholder returns, improving resilience and strategic optionality over the medium term.

Strong free cash flow generation

Robust FCF and rising operating cash flow support debt servicing, capital expenditures, dividends and opportunistic investments without needing external financing. Reliable cash conversion of earnings strengthens balance-sheet flexibility and funds long-term strategic initiatives.

Diversified insurance and investment mix

A broad business mix across insurance lines plus real estate and infrastructure investments diversifies revenue and risk. This structural diversification reduces exposure to a single market cycle, smoothing earnings and providing multiple durable sources of returns over time.

Negative Factors

Top-line weakness

A near-10% revenue decline undermines the sustainability of recent profit gains; if premium volumes or fee income continue to fall, margin improvements may prove temporary. Persistent top-line contraction would curtail long-term growth and limit reinvestment capacity.

Rising financial leverage

Increasing leverage reduces financial flexibility and raises fixed obligations. If earnings revert toward historical averages, higher debt amplifies downside risk, limits capital allocation choices, and could increase financing costs, pressuring medium-term strategic options.

Historic cash-flow volatility

Intermittent negative operating and free cash flows signal timing and cyclicality risks in underwriting and investment returns. Such volatility complicates long-range planning, weakens payout reliability and increases the chance that short-term funding needs emerge in stress periods.

Menora Miv Hld Business Overview & Revenue Model

Company Description

Menora Mivtachim Holdings Ltd operates in insurance and finance sectors in Israel. The company offers life and health, and general insurance products, as well as automobile insurance products, such as compulsory automobile or property car insurance products; and pension and provident funds. It also engages in the mutual funds and portfolio management, securities underwriting, and real estate investment activities. The company was formerly known as General Liability Office Ltd. and changed its name to Menora Mivtachim Holdings Ltd in 2006. Menora Mivtachim Holdings Ltd was founded in 1935 and is based in Tel Aviv, Israel.

How the Company Makes Money

Menora Miv Hld generates revenue primarily through its insurance operations, where it earns premiums from policyholders in various sectors such as life, health, and general insurance. The company also makes money from investment income generated from its diverse portfolio, including equities, bonds, and real estate investments. Additionally, MMHD may benefit from fees and commissions related to its financial services. Strategic partnerships with other financial institutions and companies in the insurance space further enhance its revenue streams, while efficient risk management and underwriting practices contribute to maintaining profitability.

Menora Miv Hld Financial Statement Overview

Summary

Financial results improved notably in TTM with higher net income (2.04B vs 1.08B in 2024), stronger net margin (~17.7% vs ~7.3%), and strong free cash flow (2.18B, up ~27.7%). Offsetting this, revenue declined ~9.4%, leverage has risen (debt-to-equity ~0.76 vs ~0.60 in 2024), and historical cash-flow volatility (including negative OCF/FCF in 2022–2023) reduces visibility.

Income Statement

Profitability has strengthened meaningfully into TTM (Trailing-Twelve-Months): net income rose to 2.04B vs 1.08B in 2024, with a higher net margin (~17.7% vs ~7.3%) and stronger operating profitability. That said, the top line softened in TTM with revenue down ~9.4%, and results have been volatile across prior years (including very large revenue swings), which reduces visibility despite the current margin step-up.

Balance Sheet

The company shows solid profitability on shareholder capital (return on equity ~27.2% in TTM, up from ~15.0% in 2024), supporting balance-sheet quality. Leverage is moderate but trending higher: debt-to-equity increased to ~0.76 in TTM from ~0.60 in 2024 (and ~0.33 in 2021), suggesting a higher reliance on debt that could limit flexibility if earnings normalizes.

Cash Flow

Cash generation is strong in the most recent period, with operating cash flow of 2.45B and free cash flow of 2.18B in TTM (Trailing-Twelve-Months), and free cash flow growth up ~27.7%. Free cash flow broadly tracks earnings (about ~0.89x net income in TTM), but cash flows have been inconsistent historically, including negative operating and free cash flow in 2022–2023, which raises cyclicality/working-capital timing risk.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	11.49B	14.78B	12.57B	5.89B	12.99B	9.53B
Gross Profit	11.49B	13.92B	11.77B	5.20B	12.29B	8.76B
EBITDA	3.58B	2.17B	1.28B	1.15B	1.30B	1.23B
Net Income	2.04B	1.08B	516.08M	536.04M	655.68M	647.69M
Balance Sheet
Total Assets	78.66B	74.18B	70.03B	67.58B	66.79B	61.92B
Cash, Cash Equivalents and Short-Term Investments	4.84B	3.98B	3.40B	11.79B	12.59B	11.23B
Total Debt	6.47B	4.34B	3.72B	3.43B	1.82B	2.16B
Total Liabilities	69.86B	66.76B	63.42B	61.51B	61.18B	57.06B
Stockholders Equity	8.53B	7.21B	6.43B	5.90B	5.54B	4.85B
Cash Flow
Free Cash Flow	2.18B	1.36B	-578.42M	-872.23M	994.26M	1.65B
Operating Cash Flow	2.45B	1.66B	-324.60M	-637.71M	1.24B	1.86B
Investing Cash Flow	-738.20M	-541.09M	-269.12M	-253.47M	-240.94M	-440.12M
Financing Cash Flow	212.78M	-547.84M	104.00M	189.97M	-541.82M	30.23M

Menora Miv Hld Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 39000.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IL:MMHD, the sentiment is Positive. The current price of 39000 is below the 20-day moving average (MA) of 39568.50, below the 50-day MA of 39840.40, and above the 200-day MA of 29970.49, indicating a bullish trend. The MACD of -253.98 indicates Positive momentum. The RSI at 51.55 is Neutral, neither overbought nor oversold. The STOCH value of 38.71 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IL:MMHD.

Menora Miv Hld Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PHOE	79 Outperform	₪38.25B	12.53	―	4.19%	12.22%	71.58%
HARL	76 Outperform	₪29.34B	12.24	23.23%	2.21%	5.84%	138.80%
MMHD	71 Outperform	₪24.92B	12.14	―	2.61%	23.28%	124.99%
MGDL	70 Outperform	₪17.67B	12.68	―	0.30%	6.00%	36.33%
CLIS	69 Neutral	₪18.15B	9.63	―	1.67%	-27.87%	229.49%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
IDIN	60 Neutral	₪3.61B	10.48	―	5.98%	19.48%	53.61%