Hagag Europe Development ZF Ltd (HGGE) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Hagag Europe Development ZF Ltd stock ILS 4.84, price ILS 14.28, that is 66.1% below the price, quality 25 out of 100. Rating: strongly overvalued. Calculated from audited financials with 4 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range 4.36 ILS – 21.84 ILS · fair‑value band 3.63 ILS – 6.04 ILS · the 14.28 ILS price screens above the 4.84 ILS fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
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Hagag Europe Development Z.F. Ltd engages in the investment and development of real estate properties in Romania. Its projects include residential, office, and commercial projects. The company was incorporated in 2017 and is based in Tel Aviv-Yafo, Israel.
Stock analysis
Hagag Europe Development ZF Ltd (HGGE) currently trades at 14.28 ILS, while our model-based Fair Value estimate is 4.84 ILS, 66% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 5.59 ILS per share, and 0 of the 4 models we run sit above the 14.28 ILS price.
Bear case: the Asset-Based group reads lowest at 2.45 ILS, and 4 of the 4 models stay below the price. Data coverage for this calculation is low.
Scenario range: 3.63 ILS (bear) to 6.04 ILS (bull), the price of 14.28 ILS sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 25/100 (below-average quality), in the Real Estate sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Hagag Europe Development ZF Ltd reported revenue of €16.2M in FY2025 versus €27.9M in FY2021, a compound −12.7%/yr. Reported net income was €8.5M in FY2025.
Key figures
Market cap 996M ILS Small · P/S ratio 33.8 · EPS (TTM) −1.11 ILS · Net margin 52.2% · Return on equity −22.9% · Return on assets (EBIT) 0.3% (5-year average) · Operating margin −28.4% · Revenue (TTM) €27.5M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 15 out of 100 (low confidence).
What moves the price
The share trades about 18% below its 52-week high and 60% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 33% fair-value upside, at −66%, HGGE screens richer than that median.
Fair Value models
Bear3.63 ILSFair Value 4.84 ILSBull6.04 ILS
Price 14.28 ILS · Downside -66.1%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Best data coverage
Residual Income3.03 ILS3.34 ILS4.03 ILS68
P/S Multiple4.24 ILS5.66 ILS7.07 ILS58
P/B Multiple4.14 ILS5.51 ILS6.89 ILS55
All 4 models by family
Multiples
P/S Multiple4.24 ILS5.66 ILS7.07 ILS58
P/B Multiple4.14 ILS5.51 ILS6.89 ILS55
Asset-Based
NCAV (Graham)1.83 ILS2.45 ILS3.66 ILS54
Economic Profit
Residual Income3.03 ILS3.34 ILS4.03 ILS68
The fair value above starts from this blend and is adjusted for dilution from new shares.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.12/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+223.0%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
−7.5%
Revenue growth 7 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+109.4%
’18
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’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate.
−3.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.4%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.11,153% → −32%
Compare Hagag Europe Development ZF Ltd with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Real Estate - Development · 488 stocks
Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score25 · Bottom 25%
Fair Value upside−66.1% · Bottom 25%
Profitability
Return on assets3.0% · Above median
Net margin (12 months)−71.5% · Bottom 25%
Operating margin (12 months)−28.4% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)440.8% · Top 25%
Balance sheet
Debt / equity1.09× · Highest 25%
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
P/B4.11× · Priciest 25%
P/S (12 months)10.20× · Priciest 25%
EV/EBITDA22.7× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 67
FUTURE (revenue growth)100· sector 0
PAST (return on equity)0· sector 17
HEALTH (low debt)46· sector 83
DIVIDEND (yield)0· sector 61
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Hagag Europe Development ZF Ltd Fair Value". https://www.fairvalue-calculator.com/stock/HGGE
Frequently asked questions
Is Hagag Europe Development ZF Ltd (HGGE) overvalued or undervalued?
As of Nov 7, 2026, our model estimates a fair value of 4.84 ILS versus a price of 14.28 ILS, about 66% lower (overvalued).
What is the fair value of HGGE?
Our model-based fair value for Hagag Europe Development ZF Ltd is 4.84 ILS (as of Nov 7, 2026), built from audited fundamentals. The current price: 14.28 ILS.
What is the quality score of HGGE?
Hagag Europe Development ZF Ltd has a Quality Score of 25/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Hagag Europe Development ZF Ltd (HGGE)?
Our model-based price target is the fair value of 4.84 ILS (as of Nov 7, 2026) from 4 valuation models. Cautious scenario 3.63 ILS, optimistic scenario 6.04 ILS. It is a calculation from audited fundamentals, not an analyst target.
What is the Hagag Europe Development ZF Ltd stock forecast for 2026?
Our models put fair value at 4.84 ILS, about 66% lower versus a price of 14.28 ILS (overvalued). Cautious scenario 3.63 ILS, optimistic scenario 6.04 ILS. The calculation is refreshed regularly with new filings.
What is the revenue of Hagag Europe Development ZF Ltd (HGGE)?
Hagag Europe Development ZF Ltd reported trailing-twelve-month revenue of about €27.5M (latest available figure, as of Nov 7, 2026).
What is the intrinsic value of Hagag Europe Development ZF Ltd (HGGE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hagag Europe Development ZF Ltd it is 4.84 ILS per share (as of Nov 7, 2026), against a price of 14.28 ILS. It is the blended result of 4 valuation models in 3 families (Multiples, Asset-Based, Economic Profit).
Is Hagag Europe Development ZF Ltd stock overvalued or undervalued in 2026?
As of Nov 7, 2026, HGGE trades above its calculated fair value: price 14.28 ILS, fair value 4.84 ILS, a gap of about −66% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of HGGE?
No. The price is what the market pays today (14.28 ILS); the fair value is what the company's own numbers justify (4.84 ILS). For Hagag Europe Development ZF Ltd the two are 9.44 ILS per share apart. That gap is exactly why we show both numbers side by side.
How much is Hagag Europe Development ZF Ltd worth?
The market values Hagag Europe Development ZF Ltd at about 996M ILS (market capitalisation, as of Nov 7, 2026). Per share that is 14.28 ILS; our models calculate a fair value of 4.84 ILS per share.
What do the bullish and bearish scenarios say about HGGE?
Our models span a range for Hagag Europe Development ZF Ltd: cautious scenario 3.63 ILS, base 4.84 ILS, optimistic 6.04 ILS per share (as of Nov 7, 2026, price 14.28 ILS). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Hagag Europe Development ZF Ltd (HGGE)?
Balance-sheet figures for Hagag Europe Development ZF Ltd (as of Nov 7, 2026): return on equity −22.9%, debt of 1.09 per unit of equity. They feed the Quality Score of 25/100, which measures business quality independently of the share price.
How far is HGGE from its 52-week high?
Hagag Europe Development ZF Ltd trades at 14.28 ILS, about 18% below its 52-week high of 17.34 ILS and 60% above the low of 8.94 ILS (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 4.84 ILS is for.
Which stocks are comparable to Hagag Europe Development ZF Ltd?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, CK Asset Holdings, DLF Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Hagag Europe Development ZF Ltd stock attractive at the current price?
The data as of Nov 7, 2026: price 14.28 ILS, calculated fair value 4.84 ILS (−66%), Quality Score 25/100, from 4 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of HGGE calculated?
We run Hagag Europe Development ZF Ltd through 4 models from 3 families: Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 4.84 ILS builds on their evidence-weighted average, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 13.3% above its aggregate fair value. Hagag Europe Development ZF Ltd itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Hagag Europe Development ZF Ltd (HGGE)?
The closing price on Nov 6, 2026 was 14.28 ILS. Our model-based fair value is 4.84 ILS, about 66% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hagag Europe Development ZF Ltd right now?
The price sits above even our optimistic bull case (6.04 ILS). The favourable scenario is already priced in. Weak quality (25/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Hagag Europe Development ZF Ltd
How large is the market capitalisation of Hagag Europe Development ZF Ltd (HGGE)?
The market capitalisation of Hagag Europe Development ZF Ltd is 996M ILS. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Hagag Europe Development ZF Ltd (HGGE)?
The price-to-sales ratio of Hagag Europe Development ZF Ltd is 33.8 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Hagag Europe Development ZF Ltd (HGGE)?
Earnings per share at Hagag Europe Development ZF Ltd are −1.11 ILS. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Hagag Europe Development ZF Ltd (HGGE)?
The net margin of Hagag Europe Development ZF Ltd is 52.2% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Hagag Europe Development ZF Ltd (HGGE)?
The return on equity (ROE) of Hagag Europe Development ZF Ltd is −22.9% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Hagag Europe Development ZF Ltd (HGGE)?
On an EBIT basis the return on assets of Hagag Europe Development ZF Ltd is 0.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Hagag Europe Development ZF Ltd (HGGE)?
The operating margin of Hagag Europe Development ZF Ltd is −28.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hagag Europe Development ZF Ltd (HGGE)?
Revenue at Hagag Europe Development ZF Ltd is growing +441% versus a year earlier (3y avg −7.5%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Hagag Europe Development ZF Ltd (HGGE)?
Earnings per share at Hagag Europe Development ZF Ltd are growing +21.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Hagag Europe Development ZF Ltd (HGGE) generate?
The free cash flow of Hagag Europe Development ZF Ltd is −€18.8M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Hagag Europe Development ZF Ltd (HGGE) carry?
The net debt of Hagag Europe Development ZF Ltd is €119M (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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Thin data
Nov 7, 2026