Company page · IT services

Michpal Technologies

TASE : MCPLISIN : IL0012293358Headquarters: Petah TikvaIFRS accounts · in ₪M

Michpal Technologies Ltd designs and develops payroll software that offers attendance system and pension operations. Based in Petah Tikva.

Price₪58.06+0.3% · session of 12/11/2026

Market cap₪1.0bnprice × number of shares

Next resultsno later than 30/11/2026Quarterly report

Analysis in brief · H1 2026

Michpal Technologies: net income sharply up (+4,837.1%), sales sharply up (+19.7%), operating income sharply up (+46.4%).

Net income sharply up
Net income: ₪11M, vs. ₪0M a year earlier, i.e. +4,837.1%.
H1 2026
Sales sharply up
Revenue: ₪116M, vs. ₪97M a year earlier, i.e. +19.7%.
H1 2026
Operating income sharply up
Operating income: ₪21M, vs. ₪14M a year earlier, i.e. +46.4%.
H1 2026
Cash flow sharply up
Operating cash flow: ₪40M, vs. ₪27M a year earlier, i.e. +46.8%.
H1 2026

Built automatically from the published figures.

Valuation

What the market pays, vs. the sector

P/E46.8price / net income over 12 months

P/B2.6market cap / equity

Dividend yield0%dividends over the last 12 months / price

12-month range₪58.06 – ₪58.06monthly closes

This company's valuation multiples history is being built day by day from now on.

P/E calculated on net income (trailing 12 months: last fiscal year + H1 2026 − same period a year earlier). Sector median: companies in the group tracked here. Prices: Yahoo Finance; market cap cross-checked with the Tel Aviv Stock Exchange for Israeli stocks. These ratios describe a price, not a value: none of them says whether the share is expensive or cheap.

Insiders

Trades by executives and interested parties

4 filing(s) over 12 months · on shares: 4 increase(s) and 0 decrease(s) in holdings.

Date	Holder	Security	Direction	Quantity	Price
09/04/2026	Koll Tammy Director	Shares	Up	965	₪51.80	Maya ›
19/02/2026	Tsadok Eliyahu Executive	Shares	Up	500	₪46.74	Maya ›
17/02/2026	Koll Tammy Director	Shares	Up	2,222	₪44.99	Maya ›
26/11/2025	Menora Mivtachim Holdings Ltd Institutional investor	Shares	Up	354,686	₪62.35	Maya ›

Filings submitted on Maya (executives, directors, shareholders above 5%). An increase or decrease in holdings may come from a purchase or sale on the exchange, but also from a grant or exercise of options (price "—": grant with no price). Bonds excluded. For details, see the filing on Maya.

Follow earnings · WhatsApp group TA-125Details ▾

WhatsApp group · TA-125

Every report from a TA-125 company, analyzed the same day: key figures and year-on-year change, analysis in brief, share price reaction. One daily summary during earnings season.

Join the TA-125 group

Detailed figures and history

The figures

Financial summary

	S1 2026	S1 2025	FY 2025
Total assets	813	504	772
Current assets	319	93	340
Non-current assets	493	411	432
Equity	398	90	421
of which minority interests	2	0	0
Current liabilities	189	153	135
Non-current liabilities	226	262	216
Revenue	116	97	198
Gross profit	73	59	123
Operating income	21	14	29
Pre-tax income	23	8	22
Net income	16	3	17
Net income (attributable to shareholders)	11	0	11
Dividends paid	−5	0	0
Operating cash flow	40	27	60

In millions of shekels. The "H1" columns cover the first six months of the year.

Ratios

Calculated from these figures

	S1 2026	S1 2025	FY 2025
Gross margin	63.1%	60.4%	62.2%
Operating margin	18.0%	14.7%	14.5%
Net margin	9.5%	0.2%	5.5%
Current ratio (current assets / current liabilities)	1,7 x	0,6 x	2,5 x
Equity / total assets	49.0%	17.8%	54.6%

The 5-year history, charts and cross-check models are coming for companies listed only in Tel Aviv: each new filing on Maya is kept and enriches the page.

Company overview

Michpal Technologies Ltd designs and develops payroll software that offers attendance system and pension operations. The company offers payroll, recruitment, attendance, pension, and human resources solutions, as well as technological systems and solutions for business-financial processes. It was formerly known as Michpal Micro Computers (1983) Ltd. The company was incorporated in 1983 and is based in Petah Tikva, Israel. Michpal Technologies Ltd is a subsidiary of Formula Systems (1985) Ltd.

Source: official company profile (Yahoo Finance), summary. Website: www.michpal.co.il

Sources

Maya, Tel Aviv Stock Exchange: company page and reports

No dividend paid over the past five years (source: Yahoo Finance).

Information, no recommendation. This site presents figures published by companies and calculations based on those figures. It is not investment advice, nor a recommendation to buy or sell, nor a valuation of the companies. Always check the original reports.