Terminal X (TRX) AI Stock Analysis

• Market Cap: ₪889.33M
• Dividend Yield: 4.56%
• Average Volume (3M): 56.43K
• Price to Earnings (P/E): 40.6
• Beta (1Y): 0.49
• Revenue Growth: 13.94%
• EPS Growth: 84.36%
• Country: IL
• Employees: 188
• Sector: Technology
• Sector Strength: 88
• Industry: Specialty Retail
• EPS (TTM): N/A
• Shares Outstanding: 127,047,070
• 10 Day Avg. Volume: 44,564
• 30 Day Avg. Volume: 56,433
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: 59 Neutral
• Price Target: 732.00 ▲(17.42% Upside)
• Action: Reiterated Date: 03/21/26
• Date: Action: Reiterated 03/21/26

The score is supported primarily by improving fundamentals (profitability recovery and better leverage), but is held back by weak technical momentum and a high P/E multiple. The dividend yield provides a partial offset on valuation.

Positive Factors

Consistent Revenue Growth

Sustained revenue growth across 2022–2025 indicates durable market demand and expanding scale for Terminal X. Over a 2–6 month horizon this trend supports predictable top-line drivers, helps absorb fixed costs, and increases the opportunity for operating leverage and reinvestment into retail initiatives.

Profitability Recovery & EBIT Upside

The shift from losses to positive net income and a sharp EBIT increase in 2025 signals structural improvements in the operating model. Stronger recurring operating profits improve cash coverage for capex and dividends and reduce dependence on external financing over the medium term.

Improving Balance Sheet Leverage

Reduced leverage and lower absolute debt enhance financial flexibility and resilience to retail cycles. A healthier capital structure supports investment, lowers refinancing risk, and gives management more options for allocation of cash to growth or shareholder returns over the coming months.

Negative Factors

Volatile Operating Cash Flow

Material year-over-year swings in operating cash flow show weak cash conversion even as earnings improved. Inconsistent cash generation restricts capacity to fund inventory, marketing, or capex from operations and raises reliance on external financing, pressuring durability of returns.

History of Uneven Profitability

The recent recovery follows multiple loss-making years, indicating the business remains operationally volatile. This history increases risk that margins or profitability could reverse under stress and requires sustained execution to make current gains durable.

Limited Margin Expansion

Revenue gains without meaningful margin expansion suggest limited operating leverage. If gross and operating margins remain flat, earnings and free cash flow growth will be constrained, reducing the company's ability to fund growth initiatives or improve return-on-equity over time.

Terminal X Business Overview & Revenue Model

Company Description

Terminal X Online Ltd., a multi-brand online company, offers apparel for men, women, boys, girls, teens, and infants under various brands. It also offers sportswear and shoes; beauty products; and living products. The company is based in Rishon Lezion, Israel. Terminal X Online Ltd. operates as a subsidiary of Fox-Wizel Ltd.

How the Company Makes Money

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Terminal X Financial Statement Overview

Summary

Operations have improved with steady revenue growth (2022–2025) and a return to profitability in 2024–2025, plus a sharp EBIT increase in 2025. Balance sheet leverage has improved and remains manageable. The main offset is cash-flow inconsistency, with operating cash flow dropping materially in 2025 versus 2024 and a history of weaker/negative periods.

Income Statement

The earnings profile has improved meaningfully. Revenue grew consistently from 2022–2025, with 2025 up ~4% after a strong 2024. Profitability also recovered from losses in 2021–2023 to positive net income in 2024–2025, and operating profit expanded sharply in 2025 versus 2024 (EBIT up from ~33.0M to ~44.4M). Gross profit held up in absolute dollars across years, but margins appear relatively steady rather than expanding materially, and the business still shows a history of uneven profitability (loss-making years as recently as 2023).

Balance Sheet

Leverage looks manageable for a retailer, with debt-to-equity improving from ~0.95 (2022) to ~0.76 (2024), and total debt down in 2025 versus 2024 (~182.4M vs ~198.4M) while equity remained solid (~255.5M). Total assets have grown over time, supporting scale. The main weakness is that returns on equity were negative in 2022–2023 before turning positive in 2024, highlighting that balance sheet strength has not always translated into consistent shareholder returns.

Cash Flow

Cash generation is positive but volatile. Free cash flow rebounded strongly over the last two years (2024 ~87.5M; 2025 ~46.5M, with 2025 still showing strong growth vs prior year per the provided data). However, operating cash flow dropped sharply in 2025 (~50.1M) versus 2024 (~97.7M), and the company has a history of weak or negative cash flow (notably 2021 and 2022). Overall, the business can produce meaningful cash, but consistency and conversion from operations remain a key watch item.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	560.24M	492.34M	423.69M	382.95M	340.62M
Gross Profit	218.79M	217.63M	185.57M	172.43M	153.86M
EBITDA	85.89M	82.49M	46.66M	32.78M	22.65M
Net Income	28.36M	25.21M	-2.06M	-7.76M	-8.63M
Balance Sheet
Total Assets	622.46M	593.23M	538.42M	560.12M	413.18M
Cash, Cash Equivalents and Short-Term Investments	109.83M	172.32M	144.64M	156.81M	141.23M
Total Debt	182.45M	198.38M	194.24M	217.86M	103.80M
Total Liabilities	344.33M	323.39M	298.19M	328.31M	189.56M
Stockholders Equity	255.47M	261.04M	235.37M	229.62M	223.62M
Cash Flow
Free Cash Flow	46.46M	87.47M	20.40M	-26.78M	-53.03M
Operating Cash Flow	50.10M	97.70M	47.12M	2.50M	-45.45M
Investing Cash Flow	-17.32M	6.79M	28.43M	-92.28M	-3.08M
Financing Cash Flow	-91.57M	-53.09M	-48.89M	28.47M	145.16M

Terminal X Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 623.40
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IL:TRX, the sentiment is Negative. The current price of 623.4 is below the 20-day moving average (MA) of 735.01, below the 50-day MA of 775.69, and above the 200-day MA of 620.72, indicating a neutral trend. The MACD of -11.17 indicates Positive momentum. The RSI at 39.78 is Neutral, neither overbought nor oversold. The STOCH value of 7.46 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IL:TRX.

Terminal X Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ALAR	65 Neutral	₪140.44M	505.18	―	―	9.00%	-84.50%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
ABRA	60 Neutral	₪458.62M	33.78	―	―	19.46%	-27.35%
TRX	59 Neutral	₪889.33M	40.56	―	4.56%	13.94%	84.36%
ASGR	51 Neutral	₪436.87M	12.60	―	7.71%	-3.10%	53.93%