More Pension (MPP) AI Stock Analysis

• Market Cap: ₪1.92B
• Dividend Yield: 2.79%
• Average Volume (3M): 77.17K
• Price to Earnings (P/E): 29.5
• Beta (1Y): 1.19
• Revenue Growth: 19.74%
• EPS Growth: 19.79%
• Country: IL
• Employees: 151
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 14.70
• Shares Outstanding: 129,390,640
• 10 Day Avg. Volume: 92,184
• 30 Day Avg. Volume: 77,173
• PEG Ratio: 0.73
• Price to Book (P/B): 4.20
• Price to Sales (P/S): 1.81
• P/FCF Ratio: 39.08
• 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: 73 Outperform
• Price Target: 1,539.00 ▲(2.67% Upside)

More Pension's strong financial performance and positive technical indicators are the primary drivers of its stock score. The company's robust revenue growth and improved cash flow generation highlight its financial health. While the stock shows bullish momentum, the high P/E ratio suggests potential overvaluation, which slightly tempers the overall score.

Positive Factors

Free Cash Flow Growth

Sustained FCF expansion of ~58% TTM indicates robust cash generation capacity. That durable cash flow supports reinvestment in product development, funding of client acquisition, potential shareholder returns, and creates a buffer versus revenue volatility common in asset management.

Margin Sustainability

Healthy gross and net margins (35.8% and 11.1%) plus double-digit EBIT/EBITDA margins reflect structural operating efficiency and pricing power in its pension/advisory model. Durable margins support scalability and reinvestment without immediate dependence on external capital.

High Return on Equity

ROE of 27.2% signals effective use of shareholder capital to generate profits, indicating productive business lines and attractive returns on retained earnings. High ROE can enable self-funded expansion and strengthens long-term shareholder value if maintained.

Negative Factors

Moderate Leverage

Debt-to-equity ~0.72 and an equity ratio ~41.7% show meaningful reliance on debt financing. While manageable now, sustained leverage constrains balance sheet flexibility, raises interest exposure, and can limit strategic moves or increase refinancing risk in adverse credit cycles.

Weak Cash Conversion

An OCF-to-net-income ratio of 0.17 indicates earnings convert to cash slowly, pointing to potential working capital or non-cash items risk. Over time, poor cash conversion can force reliance on external funding for growth or dividends and reduce resilience to earnings volatility.

Modest Recent Revenue Trend

TTM revenue growth of ~5.5% is modest for a fintech/asset-management firm competing in a scalable market. Slower top-line expansion may limit operating leverage benefits, constrain market-share gains, and require either higher margin or additional product expansion to sustain long-term growth targets.

More Pension Business Overview & Revenue Model

Company Description

More Provident Funds Ltd., a provident fund management company, provides various long-term savings products in Israel. It offers savings and benefit provident funds, investment provident funds, education funds, and savings plans for children. The company was founded in 2013 and is based in Ramat Gan, Israel.

How the Company Makes Money

More Pension generates revenue through various channels, primarily by charging fees for its pension management services and advisory consultations. The company typically has a tiered fee structure based on the assets under management (AUM) or a percentage of the funds allocated to its investment products. Additionally, MPP may earn commissions or referral fees through partnerships with investment firms and financial institutions when clients invest in specific financial products or services. The company may also offer subscription-based access to premium financial planning tools or analytics, contributing to its revenue streams. Significant partnerships with banks and insurance companies can enhance MPP's offerings and expand its client base, further supporting its earnings potential.

More Pension Financial Statement Overview

Summary

More Pension demonstrates strong financial performance with robust revenue growth, improved profitability, and effective leverage management. The significant improvement in cash flow generation further strengthens the company's financial position. While the balance sheet shows moderate reliance on debt, the overall financial health is positive, with a strong trajectory for future growth.

Income Statement

More Pension has shown strong revenue growth with a 5.52% increase in TTM, indicating a positive trajectory. The gross profit margin of 35.80% and net profit margin of 11.13% reflect solid profitability. EBIT and EBITDA margins are healthy at 18.27% and 19.49%, respectively, showcasing efficient operations. Overall, the income statement reflects robust growth and profitability.

Balance Sheet

The company's debt-to-equity ratio has improved to 0.72, indicating better leverage management compared to previous years. Return on equity is strong at 27.24%, reflecting effective use of equity to generate profits. However, the equity ratio of 41.67% suggests moderate reliance on debt financing. Overall, the balance sheet shows improved leverage and strong returns, but there is room for further strengthening of equity.

Cash Flow

Free cash flow has grown significantly by 57.85% in TTM, indicating strong cash generation capabilities. The operating cash flow to net income ratio is 0.17, and the free cash flow to net income ratio is 0.95, reflecting efficient cash conversion. Despite past negative cash flows, the recent positive trend is a strong indicator of financial health. Overall, the cash flow statement shows substantial improvement in cash generation.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	602.93M	515.23M	445.46M	274.76M	135.47M	24.21M
Gross Profit	216.09M	176.00M	223.73M	81.45M	37.11M	-1.63M
EBITDA	114.21M	91.18M	72.30M	19.01M	1.71M	-13.91M
Net Income	64.30M	49.57M	39.30M	7.70M	-1.15M	-11.50M
Balance Sheet
Total Assets	568.98M	503.45M	505.75M	513.06M	232.99M	66.66M
Cash, Cash Equivalents and Short-Term Investments	123.11M	31.40M	181.08M	153.80M	80.54M	9.85M
Total Debt	168.49M	187.16M	201.65M	201.56M	111.51M	22.00M
Total Liabilities	331.87M	281.31M	270.44M	317.35M	187.19M	57.01M
Stockholders Equity	237.11M	222.14M	235.31M	195.71M	45.80M	9.66M
Cash Flow
Free Cash Flow	25.29M	23.89M	-54.26M	-78.61M	-50.74M	-27.68M
Operating Cash Flow	25.66M	25.88M	-48.13M	-72.00M	-45.59M	-26.98M
Investing Cash Flow	47.11M	36.61M	-56.48M	-85.46M	-5.52M	-700.00K
Financing Cash Flow	-69.73M	-79.29M	-983.00K	230.72M	121.81M	31.01M

More Pension Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 1499.00
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IL:MPP, the sentiment is Positive. The current price of 1499 is above the 20-day moving average (MA) of 1455.50, equal to the 50-day MA of ―, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of 67.16 indicates Negative momentum. The RSI at 56.75 is Neutral, neither overbought nor oversold. The STOCH value of 47.23 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IL:MPP.

More Pension Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
GNRS	77 Outperform	₪2.34B	14.94	―	2.54%	62.82%	-15.94%
MPP	73 Outperform	₪1.92B	29.55	―	2.79%	19.74%	19.79%
MRIN	70 Neutral	₪3.67B	32.24	―	2.95%	26.35%	48.62%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
ALTF	58 Neutral	₪1.26B	11.10	―	5.43%	0.65%	-0.83%
MISH	47 Neutral	₪3.94B	54.22	―	1.32%	40.39%	-49.10%