FMS Enterprises Migun Limited

FMS Enterprises Migun Limited

FBRT.TA
FMS Enterprises Migun LimitedIL flagTel Aviv Stock Exchange
22,600.00
ILA
- -
- -
2.08BMarket Cap
FMS Enterprises Migun Limited
FBRT.TA
(Tel Aviv Stock Exchange)

Recent

price

22,600.00

P/E

ratio

- -

div

yld

- -

ROIC.AI

2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
5.56
7.44
7.93
8.18
8.28
7.52
9.56
6.59
8.57
10.3
12.33
13.93
13.2
13.29
Revenue per Share
1.22
1.77
2.09
2.19
2.25
1.66
2.91
1.8
2.36
2.71
4.1
4.72
4.53
4.45
Basic EPS, GAAP
1.23
1.92
1.77
1.62
1.46
1.64
2.44
2.87
2.08
1.83
2.81
4.77
2.08
2.22
Free Cash Flow per Basic Share
3.33
1.19
1.09
0.95
1.23
0.95
1.09
0.14
1.09
1.63
1.63
3.05
5.65
5.45
Dividend per Share
- -
0.32
0.32
0.32
0.32
0.32
0.32
0.32
0.32
0.32
0.32
0.32
0.32
0.33
Book Value per Share
- -
3.82
4.82
5.87
7.03
7.61
9.44
11.25
12.53
13.66
16.15
17.62
16.73
15.47
Tangible Book Value per Share
9
9
9
9
9
9
9
9
9
9
9
9
9
9
Basic Weighted Avg Shares
51
68
73
75
76
69
88
61
79
95
113
128
121
122
Sales/Revenue/Turnover
29.77
33.24
33.3
32.08
31.83
26.23
35.45
31.04
32.84
31.72
34.84
36.33
36.03
35.18
Operating Margin (%)
1
1
1
1
1
2
3
3
3
3
4
4
3
3
Depreciation Expense
11
16
19
20
21
15
27
17
22
25
38
43
42
41
Net Income, GAAP
24.49
24.91
20.38
20.79
16.06
19.1
15.71
16.18
16.57
20.98
17.72
18.18
16.75
16.07
Effective Tax Rate (%)
22.02
23.78
26.39
26.82
27.15
22.05
30.46
27.37
27.53
26.28
33.25
33.87
34.3
33.44
Profit Margin (%)
- -
23
33
45
50
55
72
91
102
110
134
146
133
120
Working Capital
- -
- -
- -
- -
- -
- -
1
1
1
1
1
1
1
1
LT Debt
- -
35
44
54
65
70
87
103
115
126
149
162
154
142
Total Equity
- -
88.63
46.15
37.68
33.31
21.53
32.93
16.23
19.33
19.18
23.09
23.87
22.63
25.1
Return on Invested Capital (%)
- -
1,073.87
619.95
578.29
589.45
497.83
716.95
373.97
496.93
581.13
896.55
1,052.83
1,033.27
1,044.65
Return on Capital (%)
- -
1,088.76
644.24
674.87
691.53
510.31
896.42
555.25
725.7
832.97
1,261.91
1,451.87
1,393.27
1,365.46
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
9
9
9
Market Capitalization
54,836
67,686
75,853

Working Capital

FRC

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
155
143
147
Cash, Cash Equivalents & STI
44
100
19
Accounts Receivable, Net
34
30
31
Inventories
14
12
10
Total Current Liabilities
29
10
27
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13.57%
8.53%
-5.05%
Free Cash Flow
8.73%
5.45%
-56.44%
Net Income, GAAP
12.66%
21.6%
-4.04%
Sales/Revenue/Turnover
6.89%
15.52%
-5.23%
Total Cash Common Dividend
- -
- -
85.12%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
35
27
33
33
128
2025
27
30
30
34
121
2026
28
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.43
0.89
1.1
- -
4.72
2025
0.97
1.24
1.2
- -
4.53
2026
0.88
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
1.63
- -
- -
3.05
2025
0.21
3.27
- -
- -
5.65
2026
- -
- -
- -
- -
- -
Business
FMS Enterprises Migun Ltd. (TASE: FBRT.TA) operates as a holding company focused on real estate development, construction, and related financial services in Israel. The company develops residential, commercial, and industrial properties; provides construction management and contracting services; and offers financing solutions through its subsidiaries, including mortgage intermediation and investment management in real estate projects. Its core offerings encompass land acquisition and development, project planning and permitting, building construction using advanced modular techniques, and property sales and leasing; key brands and subsidiaries include Migun Ltd. for non-residential construction and FMS Financial Services for credit and investment activities. Founded in 1993 and headquartered in Petah Tikva, Israel, FMS Enterprises Migun primarily serves the Israeli market, targeting individual homebuyers, institutional investors, and commercial tenants across urban and suburban regions. The company operates exclusively in Israel, with projects concentrated in central districts such as the Tel Aviv metropolitan area, Haifa, and Jerusalem periphery. In the past two years, FMS Enterprises Migun expanded its portfolio through the acquisition of additional development rights for over 1,000 residential units in high-demand areas; formed a strategic partnership with leading Israeli banks for joint financing of large-scale projects; and launched a new subsidiary focused on sustainable construction technologies, including energy-efficient modular housing. The company also completed a significant funding round via a rights offering on the Tel Aviv Stock Exchange, raising approximately NIS 150 million to support ongoing expansions, and reorganized its management structure to enhance operational efficiency amid rising construction costs.