Tase (TASE) AI Stock Analysis

• Market Cap: 5.32B
• Dividend Yield: 0.93%
• Average Volume (3M): 272.90K
• Price to Earnings (P/E): 48.3
• Beta (1Y): 1.10
• Revenue Growth: 15.68%
• EPS Growth: 35.65%
• Country: IL
• Employees: 275
• Sector: Financial
• Sector Strength: 74
• Industry: Financial - Data & Stock Exchanges
• EPS (TTM): 38.00
• Shares Outstanding: 91,240,860
• 10 Day Avg. Volume: 186,129
• 30 Day Avg. Volume: 272,896
• PEG Ratio: -0.84
• Price to Book (P/B): 1.95
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 24.88
• 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: 5,200.00
• Price Target Upside: 5.28% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1

• Rating: 70 Outperform
• Price Target: 6,655.00 ▲(34.74%Upside)

Tase's overall stock score reflects its strong financial performance and robust technical indicators, partially offset by its high valuation. The stock shows solid revenue growth and profitability, but its high P/E ratio and overbought technical indicators suggest caution. The absence of recent earnings call data or significant corporate events limits additional insights.

Tase Business Overview & Revenue Model

Company Description

The Tel-Aviv Stock Exchange Ltd. manages securities stock exchange and related activities in Israel. The company offers markets for the listing and trading of a range of securities and derivative instruments, including shares, corporate bonds, government bonds, treasury bills, ETFs, convertible securities, single stock options, options, and futures. It also engages in the clearing and settlement of securities; issuing of options and futures; and holding of securities for others, as well as provides securities registration services. The company was founded in 1935 and is headquartered in Tel Aviv, Israel.

How the Company Makes Money

TASE generates revenue primarily through fees associated with its trading and post-trade services. These include listing fees charged to companies to list their securities on the exchange, transaction fees collected from the trading of securities and derivatives, and clearing and settlement fees from post-trade services. Additionally, TASE may earn revenue from data services by providing market data and analytics to investors and other financial entities. The exchange also benefits from strategic partnerships with financial institutions and technology providers, enhancing its service offerings and expanding its market reach.

Tase Financial Statement Overview

Summary

Tase exhibits strong financial health with robust revenue growth, effective cost management, and solid profitability margins. The balance sheet reflects prudent leverage use and a stable capital structure, though equity efficiency has slightly declined. Cash flow metrics highlight robust liquidity despite minor declines in free cash flow growth.

Income Statement

Tase displays robust financial performance with strong revenue growth, evidenced by a 5.2% increase in TTM revenue compared to the previous year. The company maintains healthy gross and net profit margins at 47% and 24.2% respectively for TTM, highlighting efficient cost management and profitability. The EBIT and EBITDA margins of 30% and 46.3% further reinforce operational efficiency. However, the slight decrease in net profit margin from the previous year indicates potential challenges in maintaining net profitability.

Balance Sheet

Tase presents a strong balance sheet with a low debt-to-equity ratio of 0.28, indicating prudent leverage and financial stability. The equity ratio of 33.5% suggests a well-capitalized structure, although there is a noticeable decline from the previous year, potentially reflecting increased liabilities. ROE stands at 22.1%, showcasing effective utilization of equity to generate profits, although down from the prior year, indicating a slight decrease in equity efficiency.

Cash Flow

Tase's cash flow position is solid, with a consistent growth in free cash flow, demonstrating effective cash management. The operating cash flow to net income ratio of 1.62 indicates substantial cash generation relative to net income, suggesting robust liquidity. However, the free cash flow to net income ratio of 1.07, although healthy, reflects a modest decline in free cash flow growth rate, hinting at increased capital expenditures or operational investments.

Breakdown
TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
460.60M	437.87M	389.86M	361.01M	323.66M	304.27M
	Gross Profit
216.56M	198.29M	165.41M	164.15M	130.06M	120.09M
	EBIT
138.21M	124.57M	99.72M	83.33M	54.14M	48.40M
	EBITDA
213.56M	199.87M	162.43M	136.64M	101.76M	93.14M
	Net Income Common Stockholders
111.47M	101.39M	83.21M	50.84M	45.47M	36.90M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
337.15M	531.41M	498.67M	388.63M	390.06M	346.71M
	Total Assets
1.51B	1.83B	2.69B	1.81B	1.56B	1.19B
	Total Debt
139.37M	118.15M	163.58M	15.04M	23.14M	13.39M
	Net Debt
-104.42M	-320.13M	-244.90M	-177.37M	-156.63M	-128.76M
	Total Liabilities
1.00B	1.10B	2.29B	1.13B	897.56M	557.02M
	Stockholders Equity
504.93M	721.27M	401.72M	686.45M	661.87M	630.84M
Cash Flow		Free Cash Flow
119.06M	110.25M	109.71M	71.32M	70.73M	57.54M
	Operating Cash Flow
181.03M	165.21M	160.27M	119.58M	106.38M	95.43M
	Investing Cash Flow
-63.19M	-55.68M	57.02M	-52.89M	-40.22M	-42.09M
	Financing Cash Flow
-267.22M	-79.67M	-1.35M	-54.65M	-28.38M	-14.98M

Tase Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 4939.00
• 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:TASE, the sentiment is Positive. The current price of 4939 is below the 20-day moving average (MA) of 5785.45, below the 50-day MA of 5051.96, and above the 200-day MA of 4309.70, indicating a bullish trend. The MACD of 243.38 indicates Positive momentum. The RSI at 65.61 is Neutral, neither overbought nor oversold. The STOCH value of 65.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IL:TASE.

Tase Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
TASE	70 Outperform	5.32B	48.32		0.93%	15.68%	35.65%
Sector *	64 Neutral	$12.87B	9.76	7.85%	78.04%	12.07%	-7.94%
ELALF		$2.13B	3.43	176.04%	―	―	―
IRLCF		$2.42B	12.65	5.77%	0.72%	―	―
NCSYF		$10.91B	24.02	13.40%	―	―	―
OILRF		$758.17M	6.67		13.41%	―	―
TEVA	56 Neutral	70.19B	―		―	2.44%	-197.12%