Published On: Wed, Mar 3rd, 2021

6 Most Valuable Israeli Companies – All Above $10 Billion in Stock

Five of them are in high tech.

Israel now has six major publicly traded companies with a value above $10 billion. it’s most valuable, Wix, is rated lower than 900 worldwide. list of all However, breaking the $10 billion mark is a really big deal for such a small country.

Startup Nation, as Israel has become known, probably has the highest success rate for startups in the world relative to the size of its economy. A publicly traded company’s true value is not just based on its stock price. It’s based on the total value of all of its stock as a percentage of the company. This is called the market cap.

Five of the Israeli companies on this list are high tech firms founded only since the 1990s. Only one represents the more traditional economy and was founded long before anyone talked about high tech.

But remember, these numbers could be fleeting. Many observers say that the stock market is overvalued today and is ripe for a major correction.

(Company values are based on their stock prices pre-trading today March 3.)

1 – Wix

If you haven’t heard of Wix yet, where the heck have you been? The company has had television commercials almost nonstop for several years now. The company offers free website services. This is great for small businesses with no budget or time to do these things themselves. And it is great for Wix which keeps all of the advertising revenue for itself.

Wix was founded in 2006 by Israeli developers Avishai Abrahami, Nadav Abrahami, and Giora Kaplan and is still headquartered in Tel Aviv. It only just overtook Check Point to become Israel’s most valuable company last month.

Wix currently has a market cap of $19.08 billion and trades at $342.94 a share.

2 – Check Point Software

This cybersecurity firm is famous for being Israel’s first truly big exit. The company is also best known for its firewall software. It was founded in 1993 by Gil Shwed, Marius Nacht and Shlomo Kramer. Its most famous investor is probably Nir Barkat who went on to serve two terms as mayor of Jerusalem and is now a member of the Israeli Knesset.

Check Point first went public on the NASDAQ in 1996, raising a paltry $67 million at the time. Today its market cap is $15.59 billion and its shares trade at $111.24.

3 – SolarEdge

Founded in 2006, SolarEdge is a global leader in smart energy technology. The company states that it creates smart energy solutions that “power our lives and drive future progress.”

SolarEdge developed the DC optimized inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge intelligent inverter solution maximizes power generation while lowering the cost of energy produced by the PV system, for improved RoI.

The company says that it addresses a broad range of energy market segments through its diversified product offering, including residential, commercial and large scale PV, battery storage and backup solutions, EV charging, home energy management, grid services and virtual power plants, and uninterrupted power supply (UPS) solutions.

Its market cap is currently $15.04 billion and its stock trades at $291.59.

4 – Nice

Nice specializes in telephone voice recording, data security, surveillance, and Robotic Process Automation as well as systems that analyze recorded data.It serves various industries, such as financial services, telecommunications, healthcare, outsourcers, retail, media, travel, service providers, and utilities.

The company was founded in 1986 as Neptune Intelligence Computer Engineering.

Nice’s market cap today is $14.14 billion with a share price of $227.16.

5 – Teva Pharmaceutical Industries

Teva is the only non high-tech, more traditional type of Israeli company on the list. It’s one of the largest and pharmaceutical firms in the world.

Its market cap is $11.81 billion and its share price is $10.73.

6 – Fiverr

Founded in 2010 by Micha Kaufman and Shai Wininger, Fiverr describes itself as an online marketplace which hanges how the world works together. Fiverr’s platform connects businesses with on-demand freelance talent offering digital services in more than 400 categories, across 8 verticals including graphic design, digital marketing, programming, video and animation.

Fiverr first went public just two years ago with an initial price share of $21. It leapt out to a $1.1 billion market cap. In two years its stock has gained almost 1000% in value

The company’s current market cap $10.1 billion and a share price of $279.44.

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