Professional
Added to YB: 2025-01-06
Pitch date: 2024-12-27
ELAL.TA [bullish]
El Al Israel Airlines Ltd.
+98.68%
current return
Author Info
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Company Info
El Al Israel Airlines Ltd., together with its subsidiaries, provides passenger and cargo transportation services.
Market Cap
ILS 2.4B
Pitch Price
ILS 7.60
Price Target
30.40 (+101%)
Dividend
N/A
EV/EBITDA
2.14
P/E
4.77
EV/Sales
0.57
Sector
Passenger Airlines
Category
value
ASB Partners Long Position On: El Al Israel Airlines Ltd.
ELAL.TA: Cheapest airline globally at 2.6x EV/EBITDAR. Q4'22-Q3'23 EBITDAR $497M, FCF $92M. Net debt down to $376M, net cash by Q1'25. Post-fleet renewal EBITDAR $634M. Upside: 3-4x on peer valuation. Risks: reputation, politics. Catalysts: capital return post-2025, FFP expansion.
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