AMPL  Ampal-american Israel Corporat...

Exchange

NASDAQ

Sector

Finance

Industry

Finance/Investors Services

Market Cap.

7.0M

Current Price

$2.49
+0.00 (+0.00%)

Book Price

$0.97
Overvalued by 61.02%
Financial Institution

Company Metrics

  • P/E 0
  • P/S 0.01
  • P/B 0.14
  • EPS -97.66
  • Dividend 0 / 0%
  • Avg. Vol. 37,275.00
  • Shares 56.13M
  • Market Cap. 7.0M

Company Description

Ampal-American Israel Corp. acquires interests in businesses located in the State of Israel or that are Israel-related. It invests in companies in energy, real estate and project development, and leisure. The company provides its investee companies with ongoing support through its involvement in the investees' strategic decisions and introduction to the financial community, investment bankers, and... more


Download 10 Years of Financial Statements:
Income Statement   Balance Sheet   Cash Flow

News

Ampal-American Trustee Demands $39M From Ex-Brass
Law360 (subscription) - Aug 29, 2014
Law360, New York (August 28, 2014, 8:00 PM EDT) -- The Chapter 7 trustee winding down energy investment holding company Ampal-American Israel Corp. lobbed a lawsuit on Wednesday demanding a combined $39 million from former executives who ...
Ampal CEO's Suit Says Bondholder Defamation Sunk Company
Law360 (subscription) - Nov 25, 2014
Law360, New York (November 25, 2014, 6:02 PM EST) -- The CEO of bankrupt energy investment holding company Ampal-American Israel Corp. sued bondholders in New York bankruptcy court on Monday claiming their "immoral, unconscionable conduct" ...
EMG Launches International Arbitration against Egyptian Gas Suppliers
GlobeNewsWire (press release) - Oct 9, 2011
TEL AVIV, Israel, Oct. 9, 2011 (GLOBE NEWSWIRE) -- Ampal-American Israel Corporation (Nasdaq: AMPL) announced today that East Mediterranean Gas S.A.
Bankrupt Ampal's CEO Wants 'Conflicted' Trustee Booted
Law360 (subscription) - Apr 29, 2015
Law360, New York (April 29, 2015, 1:35 PM EDT) -- Ampal-American Israel Corp.'s CEO accused trustee Alex Spizz and his firm, Tarter Krinsky & Drogin LLP, of a conflict of interest over Tarter's representing one of the estate's biggest creditors, asking ...
Egyptian companies abruptly halt gas exports to Israel
CNN - Apr 23, 2012
Two state-run Egyptian energy companies have abruptly ended a gas export deal to Israel, raising questions about the move's legal validity and the political effect on relations between the two countries.
Egypt scraps Israel gas supply deal - BBC News
Egypt Slashes Longstanding Gas Deal With Israel - Green Prophet
Kushners Are Partners With One of Israel's Wealthiest Families
Bloomberg - Apr 26, 2017
Meichor previously served as chief financial officer of Ampal-American Israel Corp., a New York-traded investment firm that Raz Steinmetz and his father Daniel bought a controlling interest in from Bank Hapoalim in 1996.
Gadot Chemical Tankers and Terminals Ltd. ("Gadot") to Acquire Merhav Agro
Business Wire (press release) - Jun 16, 2010
TEL AVIV, Israel--(BUSINESS WIRE)--Ampal-American Israel Corporation (Nasdaq: AMPL) ("Ampal"), a holding company in the business of acquiring and managing interests in various businesses, with emphasis in recent years on energy, chemicals, ...
Arbitrator rules Egypt must compensate EMG
Globes - Mar 2, 2017
An announcement published yesterday by Ampal-American Israel Corporation concerning the arbitration ruling issued in the past few days by the International Centre for Settlement of Investment Disputes (ICSID) in Washington DC is likely to give hope to ...
Egypt to appeal $1.76b. award to Israel in gas dispute, freeze gas import talks
Jerusalem Post Israel News - Dec 6, 2015
The arbitration followed an initial $4b. lawsuit filed by the IEC against the two Egyptian companies and the East Mediterranean Gas Company (EMG), the multinational firm responsible for operating the defunct pipeline that transported gas from Egypt to ...
Leviathan Partners in Talks to Pipe Israeli Gas to Egypt Via Jordan
Bloomberg - Aug 9, 2017
... a Swiss court ordered Egyptian natural gas companies to pay Israel's state-owned electricity provider $2 billion in fines.
Growth Rate Assumed by Market

We did a reverse valuation to calculate the growth rate the market is assuming for AMPL to be considered fairly valued at its current market price. It's useful to compare this to the growth rate we're assuming for the Growth Price.

Future Free Cash Flow Growth Rate

This is the annual growth rate we've applied to calculate AMPL's Free Cash Flow for the next 10 years. To calculate it, we looked at several time periods of the last 10 years. Feel free to adjust it, but we limit the initial growth rate to 20% and slow it down over the years. Otherwise, long-term sustainability issues come into play.

Discount Rate

The discount rate is the annual rate of return an investor requires to take the risk of investing in a single stock. To account for that risk, this should be above 8-10%, as this is the avg. annual rate of return for the S&P500 over the past 100 years.

Poor Cash Return on Invested Capital over the past 5 years

AMPL has been unable to consistently generate sufficient returns from its investments in buildings, projects and equipment. This could be due to poor management, lack of an economic moat or the capital intensive nature of the business.

AMPL has only created $- of cash for every $100 invested.
Figures in USD. Fiscal year ends in December
20072008200920102011
Free Cash Flow - - - - -
divided by
Invested Capital 774.79M 935.92M 920.60M 1.40B 846.61M
Cash ROIC - - - - -

Very Poor Return on Equity over the past 5 years

AMPL has shown an inability to deliver results for shareholders. This could be due to poor management, AMPL operating in a highly competitive industry, or having a weak business in general.

AMPL has generated a $31.93 loss for every $100 of Shareholders' Equity.
Figures in USD. Fiscal year ends in December
20072008200920102011
Net Income 7.77M -16.71M -20.80M -44.74M -95.32M
divided by
Stockholders' Equity 258.41M 239.23M 222.07M 185.23M 78.04M
Return on Equity 3.01% -6.99% -9.37% -24.16% -122.15%

Poor Business Performance over the past 10 years

AMPL's inability to produce positive free cash flow for the majority of the past 10 years is concerning. It should be a red flag, since this company does not have a track record of delivering results for shareholders. This could be due to poor management or the nature of its business.

AMPL has been losing money for the majority of the past 10 years.
Figures in USD. Fiscal year ends in December
2002200320042005200620072008200920102011
Free Cash Flow - - - - - - - - - -

Low or No Reinvestment of Profits over the past 10 years

AMPL has either been retaining a small amount of their earnings or has done so inconsistently. A lack of consistency could be due to AMPL operating at a loss or them having such a strong economic moat they feel comfortable spending profits on growth. Be wary of future prospects and if applicable, inspect the moat's sustainability.
Figures in USD. Fiscal year ends in December
2002200320042005200620072008200920102011
Retained Earnings 67.48M 76.11M 57.52M 51.22M 40.17M 47.93M 31.06M 10.26M -32.32M -127.64M
Retained Earnings Growth - 12.80% -24.42% -10.95% -21.59% 19.34% -35.19% -66.97% -414.97% -294.97%

Highly Competitive Industry over the past 10 years

It's likely that AMPL is in an industry with low barriers to entry, spurring high competition. If Gross Margins are at least satisfactory, it's likely AMPL invests heavily in R&D and Sales, General & Administrative expenses.

Only $- of every $100 of Revenue have been profit, on average over the past 10 years.
Figures in USD. Fiscal year ends in December
2002200320042005200620072008200920102011
Net Income -44.05M 8.85M -18.39M -5.96M -7.09M 7.77M -16.71M -20.80M -44.74M -95.32M
divided by
Revenue - - - - - - - - - -
Net Profit Margin - - - - - - - - - -

Weak Pricing Power over the past 10 years

AMPL is likely in a highly competitive industry, due to low barriers to entry. It's because of this, that AMPL has been unable to raise prices and increase their profitability. This puts them in a poor position if inflation becomes an issue, as they would struggle to pass higher costs onto consumers.

Only $- of every $100 worth of sales have been Gross Profit, on average over the past 10 years.
Figures in USD. Fiscal year ends in December
2002200320042005200620072008200920102011
Gross Profit - - - - - - - - - -
divided by
Revenue - - - - - - - - - -
Gross Margin - - - - - - - - - -

Low Capital Intensity over the past 10 years

AMPL has consistently used a small portion of their Net Income buying new equipment or investing in new facilities. This indicates that AMPL may require minimal investment to stay competitive. This leaves them with extra money to spend on growing their business and potentially buying back stock.

-% of Profits are being spent on Capital Expenditures, like Property, Plant, & Equipment, required to run the business.
Figures in USD. Fiscal year ends in December
2002200320042005200620072008200920102011
Capital Expenditure - - - - - - - - - -
divided by
Net Income -44.05M 8.85M -18.39M -5.96M -7.09M 7.77M -16.71M -20.80M -44.74M -95.32M
Capital Expenditure Ratio - - - - - - - - - -

Inconsistent Dividend History over the past 10 years

AMPL has started distributing dividends in the past couple years or has recently suspended their dividend distribution. The reliability of future distributions is unclear.
Figures in USD. Fiscal year ends in December
2002200320042005200620072008200920102011
Dividend Paid 218,000.00 213,000.00 200,000.00 191,000.00 2.33M - - 595,000.00 1.40M 838,000.00
divided by
Shares Outstanding 19.54M 22.12M 19.84M 19.97M 24.11M 51.36M 57.76M 56.15M 56.13M 56.13M
Dividend Paid Per Share 0.01 0.01 0.01 0.01 0.10 - - 0.01 0.02 0.01
Price at Year End 2.44 3.26 3.72 3.95 4.79 7.32 0.56 2.84 2.28 0.32
Dividend Yield 0.46% 0.30% 0.27% 0.24% 2.02% - - 0.37% 1.09% 4.67%

History of Stock Buybacks over the past 10 years

AMPL has some history of delivering increased value for shareholders in the form of stock buybacks. These have helped improve financial metrics and increase each shareholders' relative ownership stake in the company, due to fewer shares outstanding and holding the same number of shares.
Figures in USD. Fiscal year ends in December
2002200320042005200620072008200920102011
Shares Outstanding 19.54M 22.12M 19.84M 19.97M 24.11M 51.36M 57.76M 56.15M 56.13M 56.13M
Stock Bought Back - -11.67% 11.49% -0.63% -17.18% -53.06% -11.07% 2.86% 0.03% -
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