Menora Miv Hld (MMHD) AI Stock Analysis

• Market Cap: ₪27.45B
• Dividend Yield: 2.61%
• Average Volume (3M): 97.70K
• Price to Earnings (P/E): 13.4
• 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: 48,620.00 ▲(24.67% 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 and margins

A meaningful TTM jump in net income and net margin provides a larger earnings buffer against underwriting cycles and investment volatility. Elevated margins improve retained earnings and internal capital for reinvestment, supporting sustainable dividend and reserve funding if maintained.

Strong free cash flow generation

Robust trailing‑twelve‑month operating and free cash flow strengthens the firm's ability to fund claims, pay dividends, service debt, and pursue investments without relying on external financing. Durable cash generation underpins capital allocation flexibility over coming quarters.

Diversified insurance and investment model

A business mix across life, health, general insurance and direct investments provides multiple revenue streams and risk diversification. This structural diversification supports resilience to segment-specific shocks and offers cross‑sell and asset‑liability management benefits over the medium term.

Negative Factors

Top-line decline

A nearly 10% TTM revenue decline signals potential demand, pricing, or new‑business headwinds that can erode scale and long‑run growth. Even with margin gains, sustained top‑line weakness would pressure premium growth, constrain cross‑sell opportunities and limit long‑term earnings expansion.

Rising leverage

Material increase in debt‑to‑equity over recent years reduces financial flexibility and raises refinancing and interest‑rate sensitivity. Higher leverage could limit strategic investments or dividend policy and increase vulnerability if underwriting margins or investment returns revert to lower levels.

Historical cash‑flow volatility

Past episodes of negative operating and free cash flow indicate cyclicality and working‑capital timing risks. This volatility undermines predictability of funds for claims, capital needs, and buybacks, complicating planning and raising the chance of external funding needs during 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: Negative
• RSI: Neutral
• STOCH: Negative

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 40009.00, below the 50-day MA of 40179.80, and above the 200-day MA of 30354.36, indicating a bullish trend. The MACD of 562.39 indicates Negative momentum. The RSI at 66.34 is Neutral, neither overbought nor oversold. The STOCH value of 95.30 is Negative, 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	₪41.55B	13.61	―	4.19%	12.22%	71.58%
HARL	76 Outperform	₪32.43B	13.52	23.23%	2.21%	5.84%	138.80%
MMHD	71 Outperform	₪27.45B	13.37	―	2.61%	23.28%	124.99%
MGDL	70 Outperform	₪18.73B	13.44	―	0.30%	6.00%	36.33%
CLIS	69 Neutral	₪19.16B	10.17	―	1.67%	-27.87%	229.49%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
IDIN	60 Neutral	₪3.66B	10.63	―	5.98%	19.48%	53.61%