I.B.I Investment House Ltd. (IBI.TA)

I.B.I Investment House Ltd. (IBI.TA) — VMCI valuation read

Headline read on IBI.TA: VMCI of 60/100 versus a Financial Services sector median of 50. The 10-point above-median position is what makes I.B.I Investment House Ltd. a relative-value candidate in the mid-cap cohort, before any pillar-level review.

Form 4 filings on IBI.TA: zero in the trailing 30 days. The absence of insider transactions is itself a data point, just a low-information one. The thesis runs on financials and price action until that changes.

**Investor frame.** Three reads on IBI.TA: value (IBI.TA trades at 17.0x earnings, 6% below the Financial Services median of 18.0x), quality (ROIC of 19.0% sits 9.0pp above the Financial Services median (10.0%)), and risk (net debt to EBITDA of -2.1x leaves covenant headroom). The value read also implies an EV/EBITDA gap of +4.0x against the Financial Services 12.0x baseline.

IBI.TA fell 1.4% over the trailing 7 days, with a -1.0% read on a 30-day basis.