Max Stock Ltd. (TLV: MAXO)

Max Stock Income Statement

Financials in millions ILS. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	1,275	1,119	1,049	976.27	1,010	741.55
Revenue Growth (YoY)	16.10%	6.71%	7.43%	-3.39%	36.27%	19.99%
Cost of Revenue	740.12	650.92	630.49	597	651.56	448
Gross Profit	535.28	468.24	418.31	379.27	358.93	293.55
Selling, General & Admin	335.31	298.05	275.03	234.81	193.23	179.24
Other Operating Expenses	21.36	21.8	20.92	16.4	15.34	12.01
Operating Expenses	356.67	319.85	295.95	251.21	208.56	191.25
Operating Income	178.61	148.39	122.36	128.06	150.37	102.3
Interest Expense	-27.57	-27.51	-19.1	-17.04	-17.72	-11
Interest & Investment Income	4.91	1.27	0.08	-	0.07	0.09
Currency Exchange Gain (Loss)	-1.28	-1.28	-2.38	0.49	1.05	0.51
Other Non Operating Income (Expenses)	1.41	1.41	2.59	-0.57	-2.68	-
EBT Excluding Unusual Items	156.08	122.28	103.55	110.95	131.09	91.9
Gain (Loss) on Sale of Assets	-0.37	-0.37	-0.5	-1.1	-0.87	-1.5
Other Unusual Items	-3.46	0.36	1.59	1.61	-12.05	0.73
Pretax Income	152.25	122.27	104.64	111.46	118.17	91.14
Income Tax Expense	37.42	30.24	26.92	28.91	30.54	20.86
Earnings From Continuing Operations	114.83	92.03	77.72	82.55	87.63	70.27
Minority Interest in Earnings	-11.46	-11.02	-13.55	-14.35	-14.98	-11.38
Net Income	103.37	81.01	64.16	68.2	72.65	58.89
Net Income to Common	103.37	81.01	64.16	68.2	72.65	58.89
Net Income Growth	29.37%	26.25%	-5.92%	-6.13%	23.36%	19.11%
Shares Outstanding (Basic)	141	139	141	142	142	142
Shares Outstanding (Diluted)	142	140	143	144	142	142
Shares Change (YoY)	1.05%	-1.77%	-0.76%	0.91%	0.06%	-
EPS (Basic)	0.73	0.58	0.45	0.48	0.51	0.41
EPS (Diluted)	0.73	0.58	0.45	0.47	0.51	0.41
EPS Growth	28.29%	28.89%	-4.26%	-7.84%	24.39%	18.04%
Free Cash Flow	119.25	188.39	174.27	4.04	142.5	85.94
Free Cash Flow Per Share	0.84	1.34	1.22	0.03	1.00	0.60
Dividend Per Share	0.430	0.430	0.430	0.280	0.490	-
Dividend Growth	0%	0%	53.57%	-42.86%	-	-
Gross Margin	41.97%	41.84%	39.88%	38.85%	35.52%	39.59%
Operating Margin	14.00%	13.26%	11.67%	13.12%	14.88%	13.80%
Profit Margin	8.11%	7.24%	6.12%	6.99%	7.19%	7.94%
Free Cash Flow Margin	9.35%	16.83%	16.62%	0.41%	14.10%	11.59%
EBITDA	204.03	163.34	132.47	180.49	163.01	141.19
EBITDA Margin	16.00%	14.59%	12.63%	18.49%	16.13%	19.04%
D&A For EBITDA	25.42	14.95	10.11	52.43	12.64	38.89
EBIT	178.61	148.39	122.36	128.06	150.37	102.3
EBIT Margin	14.00%	13.26%	11.67%	13.12%	14.88%	13.80%
Effective Tax Rate	24.58%	24.73%	25.73%	25.94%	25.85%	22.89%

Source: S&P Capital IQ. Standard template. Financial Sources.