Company Quick10K Filing
Optibase
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 5 $46
20-F 2019-03-28 Annual: 2018-12-31
20-F 2018-03-28 Annual: 2017-12-31
20-F 2017-03-30 Annual: 2016-12-31
20-F 2016-03-31 Annual: 2015-12-31
20-F 2014-04-30 Annual: 2013-12-31
20-F 2013-03-14 Annual: 2012-12-31
20-F 2012-04-30 Annual: 2011-12-31
20-F 2011-04-18 Annual: 2010-12-31
20-F 2010-06-30 Annual: 2009-12-31

Optibase Financials

OBAS Metrics, Comps, Filings

Annual | Quarterly

Business

We are a real estate company engaged through our subsidiaries in purchasing and operating of real estate properties intended for leasing and resale primarily for the purpose of commercial, industrial, office space use as well as for residential purposes.

We were founded and incorporated in the State of Israel in 1990 under the name of Optibase Advanced Systems (1990) Ltd. In November 1993 we changed our name to Optibase Ltd. Our ordinary shares have been trading on The NASDAQ Global Market under the symbol "OBAS" since our initial public offering on April 7, 1999.

We listed our ordinary shares for trade on the Tel Aviv Stock Exchange Ltd., or the TASE, on August 6, 2007. On September 23, 2008, we decided to delist our ordinary shares from trade on the TASE. The delisting of our ordinary shares from trade on the TASE was effective on September 28, 2008. The last day for trading of our ordinary shares on the TASE was September 24, 2008. In April 2015, we listed again our ordinary shares for trade on the TASE under the symbol "OBAS". According to the Israeli legislation, Israeli companies whose shares are traded on certain stock exchanges outside of Israel are allowed to have shares listed on the TASE, while reporting, in substance, in accordance with the provision of the relevant foreign securities law applicable to the Company. In August 2015, we completed an offering of NIS 60 million non-convertible bonds to the public in Israel and such bonds have been traded on the TASE. For further information, see "Item 5.B Operating and Financial Review and Prospects - Liquidity and Capital Resources."


Valuation ($MM)

Market Cap, Enterprise Value

Balance Sheet ($MM)

Assets, Stockholders' Equity

Income Statement ($MM Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($MM Annual)

Operating, Investing, Financing

Comps ($'000 TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Pico Holdings (PICO) 209,800 0% 28.5 4% 177,808 2,256 19,038 0 6,945 6,945 198,253
American Realty Investors (ARL) 245,715 0% 2.5 17% 832,362 533,901 60,569 0 137,670 158,116 403,001
MMA Capital Management (MMAC) 178,906 9.7 8% 373,957 154,362 0 0 31,677 32,363 313,294
Griffin Industrial Realty (GRIF) 193,067 94% 21.1 2% 268,024 173,555 35,286 33,287 6,250 15,745 332,228
Maui Land & Pineapple (MLP) 190,104 0% -147.5 -3% 47,615 16,275 9,385 0 -1,285 -1,285 189,485
Leju (LEJU) 165,632 0% 416,727 175,161 0 0 0 0 18,369
Yangtze River Port & Logistics (YRIV) 132,851 -57.9 -2% 377,675 218,227 0 0 -8,228 -2,203 127,485
China HGS Real Estate (HGSH) 48,654 15% 28.8 0% 363,371 200,648 25,261 3,900 979 1,530 44,074
Optibase (OBAS) 45,903 0% 243,958 170,565 0 0 0 0 32,067
Altisource Asset Management (AAMC) 16,703 0% 1.2 -10% 53,636 10,546 15,659 0 -5,364 -4,165 -4,855
Gazit-Globe (GZT) 0 0% 48,963,000 30,846,000 0 0 0 0 -487,000
FangDD Network Group (DUO)
FirstService Corporation (FSV)
MDJM (MDJH) 0% 8,895 713 0 0 0 0 -6,693
Q&K International Group (QK)
Colliers (CIGI)
Cresud (CRESY) 0 0% 507,989,000 418,989,000 0 0 0 0 0
RE/MAX (RMAX) 0% 1.3 10% 531,733 431,323 264,941 0 52,720 94,729 121,494
Landmark Infrastructure (LMRK) -0.3 3% 804,006 432,083 0 0 20,461 37,539 -10,337
Five Point (FPH) 0% 7.9 1% 2,996,792 1,107,536 45,419 0 17,255 35,741 283,511

Balance Sheet ($'000)2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash18,81122,90223,80616,02420,26813,836
Accounts Receivable279286177220332427
Inventory
PP&E209,761185,204214,840207,690216,726212,349
Assets238,748218,004262,944250,384259,303243,958
Accounts Payable498697511
Long-Term Debt127,741112,481
Liabilities159,824140,929187,360176,256182,235170,565
Stockholders' Equity57,06357,43955,78455,13457,03753,559
Income Statement ($'000)2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue16,608
Cost of Revenue
Gross Profit
R&D
SG&A1,8702,1671,8492,6152,6983,500
Tax875273,9711,4201,6021,464
Net Income3,6245,4451,1712,1201,172-704
Cash Flow ($'000)2013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating7,5424,6263,9807,3047,9016,867
Cash Investing-5,7335,227-49,446-5,0401,116-1,984
Cash Financing-2,580-4,66547,174-9,600-5,402-11,125