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	Jun 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	1,217	1,119	1,049	976.27	1,010	741.55
Revenue Growth (YoY)	12.92%	6.71%	7.43%	-3.39%	36.27%	19.99%
Cost of Revenue	703.86	650.92	630.49	597	651.56	448
Gross Profit	512.99	468.24	418.31	379.27	358.93	293.55
Selling, General & Admin	323.68	298.05	275.03	234.81	193.23	179.24
Other Operating Expenses	21.8	21.8	20.92	16.4	15.34	12.01
Operating Expenses	345.48	319.85	295.95	251.21	208.56	191.25
Operating Income	167.51	148.39	122.36	128.06	150.37	102.3
Interest Expense	-29.29	-27.51	-19.1	-17.04	-17.72	-11
Interest & Investment Income	4.24	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	142.59	122.28	103.55	110.95	131.09	91.9
Gain (Loss) on Sale of Assets	-0.24	-0.37	-0.5	-1.1	-0.87	-1.5
Other Unusual Items	0.46	0.36	1.59	1.61	-12.05	0.73
Pretax Income	142.81	122.27	104.64	111.46	118.17	91.14
Income Tax Expense	35.16	30.24	26.92	28.91	30.54	20.86
Earnings From Continuing Operations	107.65	92.03	77.72	82.55	87.63	70.27
Minority Interest in Earnings	-12.44	-11.02	-13.55	-14.35	-14.98	-11.38
Net Income	95.21	81.01	64.16	68.2	72.65	58.89
Net Income to Common	95.21	81.01	64.16	68.2	72.65	58.89
Net Income Growth	24.63%	26.25%	-5.92%	-6.13%	23.36%	19.11%
Shares Outstanding (Basic)	140	139	141	142	142	142
Shares Outstanding (Diluted)	141	140	143	144	142	142
Shares Change (YoY)	-0.95%	-1.77%	-0.76%	0.91%	0.06%	-
EPS (Basic)	0.68	0.58	0.45	0.48	0.51	0.41
EPS (Diluted)	0.68	0.58	0.45	0.47	0.51	0.41
EPS Growth	26.12%	28.89%	-4.26%	-7.84%	24.39%	18.04%
Free Cash Flow	175.65	188.39	174.27	4.04	142.5	85.94
Free Cash Flow Per Share	1.25	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	42.16%	41.84%	39.88%	38.85%	35.52%	39.59%
Operating Margin	13.77%	13.26%	11.67%	13.12%	14.88%	13.80%
Profit Margin	7.82%	7.24%	6.12%	6.99%	7.19%	7.94%
Free Cash Flow Margin	14.44%	16.83%	16.62%	0.41%	14.10%	11.59%
EBITDA	187.79	163.34	132.47	180.49	163.01	141.19
EBITDA Margin	15.43%	14.59%	12.63%	18.49%	16.13%	19.04%
D&A For EBITDA	20.28	14.95	10.11	52.43	12.64	38.89
EBIT	167.51	148.39	122.36	128.06	150.37	102.3
EBIT Margin	13.77%	13.26%	11.67%	13.12%	14.88%	13.80%
Effective Tax Rate	24.62%	24.73%	25.73%	25.94%	25.85%	22.89%

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