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IBI Managing & Underwriting Ltd.

IBI Managing & Underwriting Ltd.

TTASE:IBIU
861.50
ILA
-8.30
(-0.95%)
176.03EPS
7.42P/E
40.84BMarket Cap
IBI Managing & Underwriting Ltd.
TASE:IBIU
(Tel Aviv Stock Exchange)

Recent

price

861.50

P/E

ratio

7.42

div

yld

12.02%

ROIC.AI

2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
ILS
4.41
2.28
3.56
3.83
4.96
1.99
1.14
1.28
2.33
2.77
Revenue per Share
2.53
0.7
1.36
1.55
2.02
0.62
0.31
0.59
1.5
1.77
Basic EPS, GAAP
1.91
0.2
2.25
2.23
2.25
-0.94
1.11
0.63
1.01
1.7
Free Cash Flow per Basic Share
2.31
1.36
0.91
1.15
2.23
1.15
0.24
0.39
1.25
1.04
Dividend per Share
- -
6.35
6.87
7.31
6.71
5.77
5.96
6.28
5.86
6.02
Book Value per Share
- -
6.35
6.87
7.31
6.71
5.77
5.96
6.28
5.8
5.92
Tangible Book Value per Share
20
20
20
20
21
23
27
31
31
31
Basic Weighted Avg Shares
88
46
71
77
105
46
30
40
72
87
Sales/Revenue/Turnover
74.22
41.08
49.71
44.73
54.35
41.26
27.73
35.36
35.5
38.3
Operating Margin (%)
- -
- -
1
1
1
1
1
1
1
1
Depreciation Expense
51
14
27
31
43
14
8
18
47
55
Net Income, GAAP
23.95
30.04
24.91
24.98
26.64
25.53
23.38
25.09
25.45
25.67
Effective Tax Rate (%)
57.45
30.57
38.13
40.48
40.7
31.19
27.3
46.18
64.39
63.8
Profit Margin (%)
- -
113
116
133
124
124
171
152
95
98
Working Capital
- -
- -
4
4
3
2
2
1
4
3
LT Debt
- -
127
137
146
142
133
185
195
182
187
Total Equity
- -
- -
19.63
20.08
27.82
9.18
2.65
6.6
21.24
26.82
Return on Invested Capital (%)
- -
- -
20.11
21.18
28.81
10.09
5.78
9.55
24.35
28.28
Return on Capital (%)
- -
- -
20.52
21.92
29.64
10.33
5.19
9.63
24.71
28.67
Return on Common Equity (%)

Capital Structure

ILS

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
1
1
1
LT Borrowings
- -
- -
- -
LT Finance Leases
4
4
3
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
31
31
31
Market Capitalization
342
363
408

Working Capital

ILS

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
159
119
141
Cash, Cash Equivalents & STI
150
108
123
Accounts Receivable, Net
1
2
8
Inventories
- -
- -
- -
Total Current Liabilities
26
24
43
Payables & Accruals
- -
- -
- -
ST Debt
1
1
1
Deferred Revenue
- -
- -
- -

Growth Rates

ILS

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
5.7%
-6.67%
Free Cash Flow
- -
-69.93%
60.25%
Net Income, GAAP
- -
41%
154.37%
Sales/Revenue/Turnover
- -
12.02%
82.42%
Total Cash Common Dividend
- -
59.18%
225%

Quarterly Revenue

ILS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
15
7
8
10
40
2025
17
13
24
18
72
2026
31
- -
- -
- -
- -

Quarterly Earnings Per Share

ILS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.2
0.1
0.08
0.21
0.59
2025
0.59
0.28
0.44
0.46
1.5
2026
0.59
- -
- -
- -
- -

Quarterly Dividends Per Share

ILS

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.21
0.1
0.08
0.39
2025
0.41
0.3
0.29
0.44
1.25
2026
- -
- -
- -
- -
- -
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Business
I.B.I.- Managing & Underwriting Ltd operates as an Israel-based investment banking firm focused on underwriting, issuance, and management of securities in the capital markets. The company provides comprehensive services including the issuance of equity and debt for corporations raising capital; management and distribution of public offerings through consortium underwriters; brokerage and trading of securities on the Tel Aviv Stock Exchange and overseas markets; private placements to institutional investors; and investment banking advisory encompassing mergers, acquisitions, reorganizations, and strategic investor sourcing. It targets corporate, institutional, and public clients primarily in Israel, with additional execution services for overseas markets, supported by a team of specialists in legal, accounting, analytical, and marketing fields boasting over 50 years of combined experience. Founded in 1993 and headquartered at 28 HaArba'a Street, North Tower, Tel Aviv-Yafo, Israel, the company trades on the Tel Aviv Stock Exchange under the ticker IBIU.TA and employs approximately 14 staff. I.B.I.- Managing & Underwriting Ltd is fully controlled by I.B.I. Investment House Ltd (TASE: IBI), one of Israel's largest independent investment houses managing around NIS 40 billion in assets, which provides research and operational support; it was formerly known as Poalim I.B.I.-Managing & Underwriting Ltd. The firm holds the highest equity in highly liquid assets among peers dedicated to underwriting activities and ranks as Israel's leading public underwriting house, having participated in hundreds of issuances including major privatizations and capital raises totaling over NIS 70 billion historically. In recent developments, I.B.I. Investment House Ltd completed the acquisition of an additional 12.63% stake in I.B.I.- Managing & Underwriting Ltd, strengthening its control as of September 2024. The company held its annual general meeting in October 2024 and continues to demonstrate operational resilience with brokerage revenues rising to NIS 42.63 million in 2024 from prior years. Led by CEO Yaron Moses, it maintains a strong market position amid ongoing capital market activities in Israel.