Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Shufersal Ltd is Israel’s largest food and grocery retail group, operating primarily in the food retail, consumer staples, and private-label manufacturing industries. The company’s core activity is the operation of supermarket chains that serve a broad range of consumer segments, from discount-oriented shoppers to premium and urban customers. Its revenue is primarily driven by in-store and online grocery sales, complemented by private-label food production and ancillary retail services.
Founded in 1958 as a cooperative grocery chain, Shufersal evolved through consolidation and expansion into a nationwide retail leader. A major inflection point occurred in the early 2000s with the acquisition of Clubmarket, significantly increasing market share and store count. Over time, Shufersal expanded into private-label manufacturing, logistics, and digital commerce, positioning itself as a vertically integrated retailer with strong brand recognition and scale advantages in the Israeli market.
Business Operations
Shufersal operates through several core business segments, primarily Shufersal Retail, Shufersal Online, and Shufersal Private Label and Manufacturing. The retail segment includes multiple store formats such as discount, neighborhood, and premium concepts, generating the majority of company revenue. The online segment, one of the largest grocery e-commerce platforms in Israel, supports nationwide delivery and click-and-collect services. Private-label and manufacturing activities include food production, packaging, and sourcing, supporting both margin expansion and brand differentiation.
Operations are predominantly domestic, with nearly all revenues generated within Israel. Shufersal controls key assets including logistics and distribution centers, advanced supply chain systems, and proprietary private-label brands. The company owns and operates subsidiaries such as Beit Hashita Food Industries and Shufersal Manufacturing, and maintains commercial partnerships with local and international food suppliers rather than equity-based joint ventures.
Strategic Position & Investments
Shufersal’s strategy centers on maintaining market leadership through operational efficiency, price competitiveness, and private-label expansion. Growth initiatives focus on improving digital capabilities, enhancing supply chain automation, and expanding higher-margin private-label offerings. The company has invested significantly in logistics infrastructure, data-driven pricing systems, and store format optimization to strengthen profitability in a highly regulated and competitive market.
Notable investments include the expansion of Shufersal Online, upgrades to automated distribution centers, and increased ownership and development of Beit Hashita Food Industries and other food manufacturing assets. Shufersal is also selectively involved in emerging retail technologies, including last-mile delivery optimization and advanced inventory management systems. Large-scale international acquisitions are limited, reflecting the company’s focus on domestic market dominance.
Geographic Footprint
Shufersal’s operations are concentrated almost entirely in Israel, where it maintains a nationwide footprint across urban, suburban, and peripheral regions. The company operates hundreds of retail locations supported by centralized logistics and distribution hubs. Its headquarters are located in Central Israel, providing proximity to major population centers and transportation infrastructure.
While Shufersal does not operate retail stores abroad, it has limited international exposure through sourcing, imports, and supplier relationships, particularly in Europe and Asia. These activities support private-label production and product variety but do not constitute material overseas operations or revenue streams.
Leadership & Governance
Shufersal is a publicly traded company on the Tel Aviv Stock Exchange and operates under a board-led governance structure with a strong emphasis on regulatory compliance and corporate responsibility. Leadership has focused on balancing profitability with affordability, reflecting public and governmental scrutiny of food prices in Israel.
Key executives include:
- Yosef Beaton – Chief Executive Officer
- Yoram Dahan – Chief Financial Officer
- Itzik Abergel – Deputy CEO and Chief Operating Officer
- Kobi Levi – Chief Commercial Officer
- Orit Ben-Haim – Chief Human Resources Officer
Management’s strategic vision emphasizes operational excellence, consumer trust, and long-term sustainability, with a leadership philosophy centered on scale efficiency, private-label growth, and responsible pricing in a socially sensitive market.