Thursday, July 30, 2015

Largest Israeli HQd Companies Reporting in Israeli Shekels (NIS) 2014 Total Audited Earnings NIS 15.873 Bil, Up 20 Times Over Total Losses of NIS 0.834 Bil in 2008 ..... the Obama Admin, the US Fed, the US Congress and all Americans Have To Be Very Pleased

From a thorough review of US SEC filings, Tel Aviv Stock Exchange Company disclosures, the Google Finance Website and other Internet sources, I found 22 Israeli Headquartered Companies with Tel Aviv Stock Exchange Market Caps of at least NIS 2 Bil or with US Stock Market Capitalizations of at least US$100 mil and with all of their audited financial statements reported in local currency NIS.

I excluded the many Israeli Companies which only reported in Hebrew since I am not proficient in Hebrew.

These 22 Israeli Companies generated Total Audited Earnings From Continuing Operations of NIS 15.873 bil in 2014, which was up 20 Times above the NIS 0.834 bil of Total Losses in the Worldwide Financial Meltdown Year of 2008.

Below here are the reported US GAAP or IFRS Audited Net Income (Losses) of each of  these 22 Israeli Companies reporting in NIS for all of their fiscal years reported from 2008 through 2014:



2014 2013 2012 2011 2010 2009 2008


Most Audited Audited Audited Audited Audited Audited Audited

Israeli Recent Net Net Net Net Net Net Net
Israeli Companies Reporting City 2014 Income Income Income Income Income Income Income
in NIS (New Israeli Shekels) HQs FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)



NIS mils NIS mils NIS mils NIS mils NIS mils NIS mils NIS mils










Bank Hapoalim Ltd Tel Aviv Dec     2,737     2,504     2,540     2,679     2,155     1,278     (1,554)
Bezeq The Israeli Telecommunications Corp Ltd Tel Aviv Dec     2,111     1,771     1,867     2,074     2,443     2,162        1,786
Bank Leumi Le Israel Tel Aviv Dec     1,514     2,024         959     1,937     2,373     2,125         (140)
B Communications Ltd Ramat Dec     1,131         939         793         128         323         147              53
Mizrahi Tefahot Bank Ltd Ramat Gan Dec     1,083     1,078     1,076     1,044         818         629           613
Gazit Globe Ltd Tel Aviv Dec     1,083     2,185     2,413     1,884     1,608         700     (2,659)
Internet Gold Golden Lines Ltd Ramat Gan Dec     1,044         860         719           38         220         100              (4)
Azrieli Group Ltd Tel Aviv Dec         786         906         954         596     1,224         956           594
Israel Discount Bank Ltd Tel Aviv Dec         640         911         861         918         760         990           333
Phoenix Holdings Ltd Givatayim Dec         531         760         280         125               259         240         (310)
First International Bank of Israel Tel Aviv Dec         496         576         585         512         509         602           192
Shikun & Binui Ltd Airport City Dec         457         393         448         444               545         232              90
Alony- Hetz Properties & Investments Ltd Ramat Gan Dec         416         445         453         405         494         478           (78)
Osem Investment Ltd Petah Tikva Dec         397         376         357         341         316         291           249
Harel Insurance Investments & Fiin Services Ltd Ramat Gan Dec         374         681         451         218         535         483         (265)
Cellcom Israel Ltd Netanya Dec         354         288         531         825     1,291     1,182           989
Strauss Group Ltd Petah Tikva Dec         334         331         325         233         302         318           507
Paz Oil Co Ltd Yakum Dec         173         113         185           57         464         580
Partner Communications Co Ltd Rosh-Ha'Ayin Dec         162         135         478         443     1,243     1,141        1,198
Delek Group Ltd Netanya Dec           98         168         (91)     3,256       (185)         752     (2,313)
Biondvax Pharmaceuticals Ltd Nes-Ziona Dec           (8)           (8)           (9)           (8)


Bioline RX Ltd Jerusalem Dec         (40)         (61)         (76)         (50)              7           62         (115)










Total all 22

  15,873   17,375   16,099   18,099   17,704   15,448         (834)










2014 Earnings % Increase Above 2008

2003%














Wednesday, July 29, 2015

Israeli-Related Companies Not HQed in Israel US$ Stock Market Prices Up 547% Since March 6, 2009 ..... the Obama Admin, the US Fed, the US Congress and all Americans Have To Be Pleased

I found 13 Israeli-Related Companies Not Headquartered in Israel from a review of Components of the Technology and Medical Heavily Weighted BlueStar Israeli Index and from Google's superb Finance website with current Stock Market Capitalizations of more than US$100 mil, which filed their financial statements with the US SEC and which also had their common stocks trading on each of the following three dates:
  • On December 31, 2007 before the 2008 worldwide financial meltdown
  • On March 6, 2009, which was pretty much the lowest point for the stock market due to the spillover effects resulting from the 2008 worldwide financial meltdown, and 
  • also on the most recent date July 29, 2015.
The historical stock prices of these companies were obtained from MarketWatch Big Charts and from Historical Stock Price.com.

These 13 Israeli-Related Companies had their average stock market prices decline by a massive 64% from December 31, 2007 to March 6, 2009, which was pretty much the very lowest point for the overall stock market due to the spillover effects resulting from the disastrous 2008 Worldwide Financial Meltdown.

But in the six years and five months since March 6, 2009 through the most recent date July 29, 2015, the equal-company-weighted average stock market prices of these same 13 Israeli-Related Companies have increased by a superb 547%.   

Below here are the stock market prices of each of these 13 Israeli-Related Companies on July 29, 2015, on March 6, 2009, and on December 31, 2007, along with the related Stock Market Price Percentage Changes: 





Market Market Market





Price Price Price





% % %





Change Change Change


Market Market Market 3-6-09 12-31-07 12-31-07

Israeli Price Price Price to to to
Israeli-Related Companies City 7-29-15 3-6-09 12-31-07 7-29-15 3-6-09 7-29-15


$s $s $s










Opko Health Nes-Ziona      16.56        0.80        2.85 1970% -72% 481%
Verint Systems Herzliya Pituach      58.16        4.55      19.55 1178% -77% 197%
Perrigo Company plc Bnei Brak     192.83      19.34      35.01 897% -45% 451%
VeriFone Systems Rosh Haayin      32.48        4.02      23.25 708% -83% 40%
Mellanox Technologies Ltd Yokneam      44.84        7.75      18.22 479% -57% 146%
Delek US Holdings  Yakum      36.22        6.70      20.23 441% -67% 79%
Stratasys Ltd Rehovot      36.49        8.18      25.84 346% -68% 41%
LivePerson Inc Ra'anana        7.90        1.86        5.34 325% -65% 48%
Amdocs Ltd Ra'anana      56.47      16.20      34.47 249% -53% 64%
Ceva Inc Herzelia      17.22        5.23      12.21 229% -57% 41%
Alon USA Energy Yakum      18.76        8.81      27.18 113% -68% -31%
DSP Group Herzelia        8.95        4.42      12.20 102% -64% -27%
Ormat Technologies Yavne      39.92      23.29      55.01 71% -58% -27%








Average % Change all 13



547% -64% 116%



Israeli-Related Companies Not HQed in Israel 2014 Earnings Up 10 Times Over 2008 and 3 Year Earnings Improvement of $1.590 Bil from 2008-10 to 2012-14 ..... the Obama Admin, the US Fed, the US Congress and all Americans Have To Be Pleased

From a very thorough review of SEC filings, the Google Finance Website and Components of the Technology and Medical Heavily Weighted BlueStar Israeli Index, I found 16 Israeli-Related Companies which were not headquartered in Israel with Stock Market Capitalizations now of at least US$100 mil, which filed 2014 financial statements and which also filed with the US SEC all of their financial statements in US Dollars.

These 16 Israeli Companies generated Total Audited Earnings From Continuing Operations of $560 mil in 2014, which was up more than 10 Times their comparable Total Audited Losses of $61 mil in the 2008 Worldwide Financial Meltdown Year.

In addition, the Total Audited Earnings of these 16 Israeli-Related Companies were $2.324 bil for the most recent three years 2012-14, a huge $1.590 bil Earnings Improvement over the $0.734 bil earned in the three years 2008-2010.

Below here are the reported US GAAP Audited Net Income (Losses) of each of  these 16 Israeli-Related Companies for all of their fiscal years reported from 2008 through 2014, presented by Market Cap:



2014 2013 2012 2011 2010 2009 2008


Most Audited Audited Audited Audited Audited Audited Audited


Recent Net Net Net Net Net Net Net

Israeli 2014 Income Income Income Income Income Income Income
City FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)

mil $s mil $s mil $s mil $s mil $s mil $s mil $s
Israel-Related Companies Not Hqed in Israel







Perrigo Company plc Bnei Brak Jun         205         442         393         341         224         143           139
Amdocs Ltd Ra'anana Sep         422         412         391         347         344         326           379
Opko Health Nes-Ziona Dec       (175)       (117)         (30)           (6)         (13)         (30)           (40)
VeriFone Systems Rosh Haayin Oct         (36)       (295)           66         282           99       (157)         (425)
Verint Systems Herzliya Pituach Jan 15           36           59           59           41           29           17           (79)
Delek US Holdings  Yakum Dec         226         136         276         163         (80)              2              25
Mellanox Technologies Ltd Yokneam Dec         (24)         (23)         112           10           14           13              22
Imperva Inc Tel Aviv Dec         (59)         (26)           (8)         (11)         (12)         (12)              (8)
Ormat Technologies Yavne Dec           55           37       (216)         (45)           31           65              46
Stratasys Ltd Rehovot Dec       (119)         (27)              9           21              9              4              14
Alon USA Energy Yakum Dec           70           48           91           44       (133)       (102)              93
Varonis Systems Herzelia Dec         (19)           (7)           (5)           (4)           (3)

LivePerson Inc Ra'anana Dec           (7)           (3)              6           12              9              8           (24)
Ceva Inc Herzelia Dec           (1)              7           14           19           11              8                9
Medgenics Inc Misgav Dec         (18)         (17)         (15)           (8)           (4)

DSP Group Herzelia Dec              4              3           (8)         (16)           (7)           (8)         (212)










Total all 16

        560         629     1,135     1,190         518         277           (61)










Earnings % Increase:








….. 2014 Over 2008 1018%







Three Year Earnings:








….. 2012-14                        2,324







….. 2008-10                            734







…….. 3 Year Earnings Improvement                        1,590