Menora Mivtachim Holdings Ltd. (IL:MMHD)
TASE:MMHD
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Menora Miv Hld
(TASE:MMHD)
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Rating:75Outperform
Price Target:
54,664.00
▲(40.16% Upside)
Action:ReiteratedDate:04/10/26
The score is driven primarily by improving financial performance (sharp TTM margin/ROE expansion and strong revenue growth) and supportive valuation (low P/E with a dividend). This is tempered by mixed technical momentum (negative MACD despite a price trend above key moving averages) and historical cash-flow volatility alongside rising absolute debt.
Positive Factors
Revenue and margin expansion
Sustained double-digit revenue growth (+55.5% TTM) with meaningful operating and net margin expansion indicates strengthening core business economics. Higher margins boost recurring cash generation and underwriting resilience, enabling reinvestment in distribution and reserves across multi-quarter cycles.
Negative Factors
Rising absolute debt
Absolute debt rising to ~5.6B from 1.8B (2021) increases interest and refinancing exposure. If underwriting or investment returns soften, higher debt servicing needs could limit capital allocation, constrain growth initiatives and pressure regulatory or rating cushions over multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and margin expansion
Sustained double-digit revenue growth (+55.5% TTM) with meaningful operating and net margin expansion indicates strengthening core business economics. Higher margins boost recurring cash generation and underwriting resilience, enabling reinvestment in distribution and reserves across multi-quarter cycles.
Read all positive factors
Menora Miv Hld (MMHD) vs. iShares MSCI Israel ETF (EIS)
Market Cap
₪32.15B
Dividend Yield2.61%
Average Volume (3M)97.70K
Price to Earnings (P/E)9.6
Beta (1Y)1.68
Revenue Growth23.28%
EPS Growth124.99%
CountryIL
Employees3,716
SectorFinancial
Sector Strength70
IndustryInsurance - Diversified
Share Statistics
EPS (TTM)1038.50
Shares Outstanding62,467,888
10 Day Avg. Volume92,349
30 Day Avg. Volume97,698
Financial Highlights & Ratios
PEG Ratio0.09
Price to Book (P/B)2.71
Price to Sales (P/S)1.39
P/FCF Ratio11.31
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
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 insuranc...
How the Company Makes Money
MMHD makes money primarily through (1) insurance underwriting results and (2) income generated from managing large pools of customer savings and insurance reserves. In its insurance operations, the company collects premiums from policyholders (lif...
Menora Miv Hld Financial Statement Overview
Summary
Income Statement
86
Very Positive
Balance Sheet
74
Positive
Cash Flow
67
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 17.87B | 14.78B | 12.57B | 5.89B | 12.99B |
| Gross Profit | 17.87B | 13.92B | 11.77B | 5.20B | 12.29B |
| EBITDA | 4.13B | 2.17B | 1.28B | 1.15B | 1.30B |
| Net Income | 2.35B | 1.08B | 516.08M | 536.04M | 655.68M |
Balance Sheet | |||||
| Total Assets | 81.51B | 74.18B | 70.03B | 67.58B | 66.79B |
| Cash, Cash Equivalents and Short-Term Investments | 2.36B | 3.98B | 3.40B | 11.79B | 12.59B |
| Total Debt | 5.62B | 4.34B | 3.72B | 3.43B | 1.82B |
| Total Liabilities | 72.06B | 66.76B | 63.42B | 61.51B | 61.18B |
| Stockholders Equity | 9.19B | 7.21B | 6.43B | 5.90B | 5.54B |
Cash Flow | |||||
| Free Cash Flow | 2.20B | 1.36B | -578.42M | -872.23M | 994.26M |
| Operating Cash Flow | 2.23B | 1.66B | -324.60M | -637.71M | 1.24B |
| Investing Cash Flow | -1.30B | -541.09M | -269.12M | -253.47M | -240.94M |
| Financing Cash Flow | 563.19M | -547.84M | 104.00M | 189.97M | -541.82M |
Menora Miv Hld Technical Analysis
Positive
39000.00
Price Trends
47002.00
Positive
43359.20
Positive
36516.20
Positive
Market Momentum
27.90
Negative
58.54
Neutral
46.58
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 48154.00, below the 50-day MA of 47002.00, and above the 200-day MA of 36516.20, indicating a bullish trend. The MACD of 27.90 indicates Negative momentum. The RSI at 58.54 is Neutral, neither overbought nor oversold. The STOCH value of 46.58 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
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₪32.15B | 9.62 | ― | 2.61% | 23.28% | 124.99% | |
70 Outperform | ₪19.97B | 8.91 | ― | 0.30% | 6.00% | 36.33% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | ₪20.31B | 7.20 | ― | 1.67% | -27.87% | 229.49% | |
66 Neutral | ₪38.89B | 12.94 | 23.23% | 2.21% | 5.84% | 138.80% | |
65 Neutral | ₪46.48B | 10.31 | ― | 4.19% | 12.22% | 71.58% | |
65 Neutral | ₪3.34B | 9.99 | ― | 5.98% | 19.48% | 53.61% |
* Financial Sector Average
IL:MMHD
Menora Miv Hld
51,460.00
33,033.90
179.28%
IL:CLIS
Clal Insurance
25,150.00
15,756.21
167.73%
IL:HARL
Harel
18,900.00
13,138.35
228.03%
IL:MGDL
Migdal Insur.
1,888.00
1,210.50
178.67%
IL:PHOE
Phoenix
18,380.00
11,805.41
179.56%
IL:IDIN
Idi Insur
22,600.00
7,117.15
45.97%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.