35 Leading Tel Aviv Stock Exchange-Listed Companies With Share-Yields Exceeding 100% in 2024

TASE publishes the list of companies that entered the “TASE 100 Club”, which includes companies with a market cap exceeding NIS 200 million, that have achieved a share-yield of at least 100% in 2024. For the second consecutive year, TASE publishes the “TASE 100 Club” constituents, this as part of its efforts to improve the public’s acquaintance with the TASE-listed companies.

According to TASE’s Research Unit, 35 companies achieved a yield of more than 100% in 2024, as compared to only 13 companies in 2023. The highest share yield in 2024 was achieved by Prime Energy, a renewable energy company, with an increase of more than 500%. Multi Retail, which operates retail chains such as Ace, AutoDepot and Beitili, achieved a yield of more than 400% in 2024. In addition, six companies achieved a yield in excess of 200%.

Out of the 35 companies included in the “TASE 100 Club”, five companies were awarded 5 stars, having achieved a positive yield in each of the past three years: El Al, Bait Shemesh, TASE, Teva and Navitas Petroleum, as compared to only one company awarded the 5-star top rating in 2023.

23 companies were awarded four starts, having achieved a cumulative positive yield over the past 3 years, as compared to 9 companies in 2023.

The 2024 list includes several major companies with a market cap in excess of NIS 2 billion that achieved a yield of more than 100%, and comprises 10 companies included in the TA-125 index, as compared to only 2 companies in 2023.

The list contains companies from a wide range of sectors, the most prominent being:

• Six financial sector companies, including three insurance companies and three financial services companies.
• Six industrial and technological companies that provide services to the defense sector.
• Four long-standing retail chains.

Trading on TASE in 2024 was affected by the “Swords of Iron” war that broke out on October 7, 2023 and escalated into a prolonged regional conflict of more than a year, which has created significant financial and business challenges for the economy and the capital market.

Nevetheless, despite the multiple challenges of the past year, the companies exihibited outstanding business resilience and were quick to recover. The business and civil resilience of Israel was also reflected in the capital market, with a strong performance of the leading indices compared to leading global indices - the TA-35 index increased by 28.4% and the TA-90 index increased by 30.9%. 

Hani Shitrit-Bach, EVP, Head of Listings at TASE: “2024 was one of the most challenging and complex times experienced by Israeli society. Economic resilience is pivotal to the strength of a country. Therefore, this year more than ever, TASE, home of the Israeli economy, is proud to showcase 35 TASE-listed companies that, despite multiple challenges, achieved a yield of more than 100% in 2024. The “TASE 100 Club” list, published for the second year, allows us to expose the public to the Israeli companies traded on TASE that continue to operate and succeed even in times of crisis and war, thereby contributing to the strength and resilience of the Israeli economy”.

Rating System of the “TASE 100 Club”

The TASE staff applies a star system (3-5 stars) to rate the companies that achieved a yield exceeding 100% over the past year, which awards 5 stars to companies that achieved a positive yield in each of the past 3 years, 4 stars to companies that achieved a cumulative positive yield over the past 3 years, and 3 stars to other club members with a yield of more than 100% in the past year.

Close to the end of January, TASE will host the management of the “TASE 100 Club” constituents in a special Opening Bell Ceremony. 

 Click to view the dedicated page on the TASE website that provides information on the companies included in the “TASE 100 Club” in 2024>

The table below presents the list of the “TASE 100 Club” constituents for 2024, as well as the rating awarded to each company.