Max Stock Ltd

Max Stock Ltd maintains a capital structure characterized by high leverage, with a debt-to-equity ratio of 2.87 and long-term debt of 810.3 million ILS against total equity of 282.4 million ILS. The company holds 161.8 million ILS in cash and equivalents, resulting in a negative net cash position. Liquidity is assessed as medium, supported by a current ratio of 1.48, which indicates adequate short-term asset coverage for liabilities. The market capitalization stands at 508.4 billion ILS, reflecting a significant premium over book value.

Profitability metrics show a return on equity of 50.06% and a return on assets of 10.34%, indicating efficient use of equity and assets to generate net income of 124.9 million ILS. The gross profit margin is approximately 43.9%, derived from gross profit of 626.9 million ILS on revenue of 1.43 billion ILS. Operating income of 230.9 million ILS suggests effective cost management relative to sales. However, valuation multiples are extremely elevated, with a P/E ratio of 3,596.27 and an EV/EBITDA of 1,929.57, suggesting the market price is disconnected from current earnings power.

Segment and geographic data are not provided in the available input, preventing analysis of revenue concentration or regional exposure. The company’s activity is broadly classified as Broadline Retail, but specific product lines or customer bases are not detailed.

Growth trajectory cannot be assessed due to the absence of historical period data. The financial snapshot provides only the latest normalized period figures, with no year-over-year or quarter-over-quarter trends available to evaluate revenue or income growth.

Risk factors include medium liquidity risk and low dilution risk. A key flag notes that net cash is negative after subtracting total debt, highlighting reliance on debt financing. The high debt-to-equity ratio of 2.87 amplifies financial risk, particularly in rising interest rate environments.

Recent events include analyst estimates with a mean price target of 38.75 ILS and a mean recommendation of 1.50, indicating a strong buy consensus. The high price target is 40.00 ILS and the low is 37.50 ILS, with one strong buy and one buy rating. No filing, news, or transcript observations are provided.

Max Stock generated ILS 1.43 billion in FY2026 revenue, reflecting a strong 10% four-year compound annual growth rate.

Net income grew 14.9% year-over-year to ILS 124.9 million in FY2026, demonstrating robust profitability expansion.

Cash conversion ratio of 2.06 exceeds the cohort median of 1.2, indicating efficient earnings translation to cash.

The debt-to-equity ratio stands at 2.87, placing Max Stock in the bottom quartile of its peer cohort.

Long-term debt increased to ILS 810.3 million in FY2026, reflecting a rising leverage burden on the balance sheet.

The company faces medium liquidity risk and medium credit risk according to internal risk flag assessments.

Revenue ILS 401.0M, +18,3% YoY; Operating income +74,3% YoY.

• ▍Revenue ILS 401.0M, +18,3% YoY
• ▍Operating income +74,3% YoY
• ▍Net income +56,1% YoY
• ▍Free cash flow +36,9% YoY
• ▍Net margin 11.4%

Revenue ILS 352.6M, +7,5% YoY; Operating income +29,2% YoY.

• ▍Revenue ILS 352.6M, +7,5% YoY
• ▍Operating income +29,2% YoY
• ▍Net income +19,6% YoY
• ▍Free cash flow +18,2% YoY
• ▍Net margin 8.7%

Revenue ILS 399.1M, +7,0% YoY; Operating income +38,0% YoY.

• ▍Revenue ILS 399.1M, +7,0% YoY
• ▍Operating income +38,0% YoY
• ▍Net income +30,5% YoY
• ▍Free cash flow −54,0% YoY
• ▍Net margin 10.2%

Revenue ILS 336.3M, +6,1% YoY; Operating income +29,0% YoY.

• ▍Revenue ILS 336.3M, +6,1% YoY
• ▍Operating income +29,0% YoY
• ▍Net income −6,9% YoY
• ▍Free cash flow −76,5% YoY
• ▍Net margin 7.1%

Revenue ILS 339.1M; Operating income ILS 44.3M.

• ▍Revenue ILS 339.1M
• ▍Operating income ILS 44.3M
• ▍Net margin 8.6%

Revenue ILS 328.1M; Operating income ILS 45.8M.

• ▍Revenue ILS 328.1M
• ▍Operating income ILS 45.8M
• ▍Net margin 7.9%

Revenue ILS 373.1M; Operating income ILS 51.2M.

• ▍Revenue ILS 373.1M
• ▍Operating income ILS 51.2M
• ▍Net margin 8.4%

Revenue ILS 316.9M; Operating income ILS 44.0M.

• ▍Revenue ILS 316.9M
• ▍Operating income ILS 44.0M
• ▍Net margin 8.1%

Revenue ILS 1.43B, +7,2% YoY; Operating income +25,5% YoY.

• ▍Revenue ILS 1.43B, +7,2% YoY
• ▍Operating income +25,5% YoY
• ▍Net income +14,8% YoY
• ▍Free cash flow −13,2% YoY
• ▍Net margin 8.8%

Revenue ILS 1.33B, +18,9% YoY; Operating income +24,0% YoY.

• ▍Revenue ILS 1.33B, +18,9% YoY
• ▍Operating income +24,0% YoY
• ▍Net income +34,3% YoY
• ▍Free cash flow +35,6% YoY
• ▍Net margin 8.2%

Revenue ILS 1.12B, +6,7% YoY; Operating income +20,2% YoY.

• ▍Revenue ILS 1.12B, +6,7% YoY
• ▍Operating income +20,2% YoY
• ▍Net income +26,2% YoY
• ▍Free cash flow +0,7% YoY
• ▍Net margin 7.2%

Revenue ILS 1.05B, +7,4% YoY; Operating income −4,0% YoY.

• ▍Revenue ILS 1.05B, +7,4% YoY
• ▍Operating income −4,0% YoY
• ▍Net income −5,9% YoY
• ▍Free cash flow +112,3% YoY
• ▍Net margin 6.1%