Hilan Ltd (HLAN) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Hilan Ltd stock ILS 297, price ILS 233, upside +27.3%, quality 67 out of 100. Rating: undervalued. Calculated from audited financials with 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 6, 2026.
How to read this chart
60‑month range 132.69 ILS – 281.97 ILS · fair‑value band 195.88 ILS – 398.36 ILS · the 232.90 ILS price screens below the 296.56 ILS fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Hilan Ltd., a software as a service (SaaS) provider, develops solutions for management of enterprise human capital in Israel.
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The company offers payroll management, employee self service, 101 e-Form, payroll control, contractors' employees control, and SAP payroll solutions, as well as digital reporting of reimbursement of expenses; and time and attendance management, Hilanet time and attendance web portal, Hilan mobile, work scheduling, and project management solutions.
It also provides pension operation management, pension direct clearing, pension table-rule and multiple agents management, management of severance pay balances, and pension control; Hilan Bi, simulations, and compliance control; payroll, and time and attendance managed services; and HR solutions.
In addition, the company is involved in the provision of IT services; IT solutions, including big data, data storage, backup and virtualization, cloud SaaS, and data and cyber security; platform; insurance benefits to employees; and enterprise resource planning solutions for small and medium sized businesses.
It serves finance, academic, communications, health care, transportation, government, social care, associations, hotels, industry, high-tech, municipal, retail, and education sectors. The company was incorporated in 1992 and is headquartered in Tel Aviv-Yafo, Israel.
Stock analysis
Hilan Ltd (HLAN) currently trades at 232.90 ILS, while our model-based Fair Value estimate is 296.56 ILS, implying the stock looks roughly 21% undervalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 336.19 ILS per share, and 15 of the 26 models we run sit above the 232.90 ILS price.
Bear case: the Dividend Discount group reads lowest at 62.67 ILS, and 11 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 195.88 ILS (bear) to 398.36 ILS (bull), the price of 232.90 ILS sits inside 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 67/100 (solid quality), in the Technology sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Hilan Ltd reported revenue of 3.0B ILS in FY2025 versus 1.7B ILS in FY2021, a compound +15.2%/yr. Reported net income was 261M ILS in FY2025, compounding +14.7%/yr from FY2021.
Key figures
Market cap 5.3B ILS Small · P/E ratio 20.2 · P/S ratio 1.71 · EPS (TTM) 11.52 ILS · Dividend yield 2.1% · Net margin 8.7% · Return on equity 20.8% · Return on assets (EBIT) 12.2% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 59 out of 100 (low confidence).
What moves the price
The share trades about 13% below its 52-week high and 26% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Technology peers we cover trades at 20% fair-value upside, at 27%, HLAN screens cheaper than that median.
Fair Value models
Bear195.88 ILSFair Value 296.56 ILSBull398.36 ILS
Price 232.90 ILS · Upside +27.3%
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. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (5.59 ILS per share) are deliberately not added.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.
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.85/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+6.1%
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.
+10.5%
Revenue growth 5 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.
+13.1%
Start year 2020 (pandemic). Over 10 years: +9.9% a year
Revenue growth 25 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.
+15.0%
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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.
+16.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+14.5%
Dividend (yield on the price)2.1%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.14.5% vs 14.4%, steady
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% → 12%
Pace: the 5-year rate starts in 2020 (pandemic)
Growth Forecast
Little optimism in the price
The price assumes less growth than the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+6.9%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Israel: IMF forecast 2.1% a year to 2030, 1.7% from 2016 to 2025) that is about +4.7% a year for the price.
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.Information Technology Services · 479 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside+27.3% · Above median
Profitability
Return on equity (12 months)20.8% · Top 25%
Return on assets8.8% · Top 25%
Net margin (12 months)8.7% · Top 25%
Operating margin (12 months)12.4% · Above median
Growth and dividend
Revenue growth (quarter YoY)11.2% · Above median
Dividend yield (12 months)2.1% · Above median
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Information Technology Services median · lower = cheaper
P/E (12 months)20.2× · Pricier than median
P/B4.23× · Priciest 25%
P/S (12 months)1.71× · Pricier than median
Price / free cash flow (fiscal year)14.8× · Cheaper than median
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). "Hilan Ltd Fair Value". https://www.fairvalue-calculator.com/stock/HLAN
Frequently asked questions
Is Hilan Ltd (HLAN) overvalued or undervalued?
As of Nov 6, 2026, our model estimates a fair value of 296.56 ILS versus a price of 232.90 ILS, about +27% upside (undervalued).
What is the fair value of HLAN?
Our model-based fair value for Hilan Ltd is 296.56 ILS (as of Nov 6, 2026), built from audited fundamentals. The current price: 232.90 ILS.
What is the quality score of HLAN?
Hilan Ltd has a Quality Score of 67/100. 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 Hilan Ltd (HLAN)?
Our model-based price target is the fair value of 296.56 ILS (as of Nov 6, 2026) from 26 valuation models. Cautious scenario 195.88 ILS, optimistic scenario 398.36 ILS. It is a calculation from audited fundamentals, not an analyst target.
What is the Hilan Ltd stock forecast for 2026?
Our models put fair value at 296.56 ILS, about +27% upside versus a price of 232.90 ILS (undervalued). Cautious scenario 195.88 ILS, optimistic scenario 398.36 ILS. The calculation is refreshed regularly with new filings.
What is the revenue of Hilan Ltd (HLAN)?
Hilan Ltd reported trailing-twelve-month revenue of about 3.1B ILS (latest available figure, as of Nov 6, 2026).
Does Hilan Ltd pay a dividend?
Hilan Ltd currently shows a dividend yield of 2.15% relative to its recent price (as of Nov 6, 2026).
How much is the dividend of Hilan Ltd (HLAN) and when is the ex-dividend date?
Hilan Ltd pays a dividend of 5.00 ILS per share a year, a dividend yield of 2.1%. The last ex-dividend date was Aug 31, 2026. A dividend has been paid every year since at least 2004. The payout ratio is 43.4% of earnings. Free cash flow covers the dividend 3.15 times. Our assessment: Well covered. A low payout and the dividend is fully funded by free cash flow, a comfortable, sustainable dividend.
What growth is priced into Hilan Ltd (HLAN)?
For today's price to be fair in a discounted-cash-flow model, Hilan Ltd would have to grow free cash flow by +6.9 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +13.1 % per year. As of Nov 6, 2026.
What discount rate (WACC) does the fair value of HLAN use?
Our models discount Hilan Ltd at 11.6 %: a base by market capitalisation (small), damped by beta 0.09, country premium for Israel. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Hilan Ltd that is +6.9 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Hilan Ltd (HLAN) delivered so far?
Over the past 5 years revenue at Hilan Ltd grew +13.1 % a year. The price currently implies free-cash-flow growth of +6.9 % per year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Hilan Ltd (HLAN) growing?
The median revenue growth in the sector is +11.5 % a year. That is the yardstick for the growth priced into Hilan Ltd (+6.9 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Hilan Ltd (HLAN)?
The free-cash-flow yield on the price is 6.71 %: that much free cash flow Hilan Ltd produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Hilan Ltd (HLAN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hilan Ltd it is 296.56 ILS per share (as of Nov 6, 2026), against a price of 232.90 ILS. It is the blended result of 26 valuation models in 8 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings).
Is Hilan Ltd stock overvalued or undervalued in 2026?
As of Nov 6, 2026, HLAN trades below its calculated fair value: price 232.90 ILS, fair value 296.56 ILS, a gap of about +27% (undervalued). 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 HLAN?
No. The price is what the market pays today (232.90 ILS); the fair value is what the company's own numbers justify (296.56 ILS). For Hilan Ltd the two are 63.66 ILS per share apart. That gap is exactly why we show both numbers side by side.
How much is Hilan Ltd worth?
The market values Hilan Ltd at about 5.3B ILS (market capitalisation, as of Nov 6, 2026). Per share that is 232.90 ILS; our models calculate a fair value of 296.56 ILS per share.
What do the bullish and bearish scenarios say about HLAN?
Our models span a range for Hilan Ltd: cautious scenario 195.88 ILS, base 296.56 ILS, optimistic 398.36 ILS per share (as of Nov 6, 2026, price 232.90 ILS). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of HLAN?
Hilan Ltd trades at a price-to-earnings ratio of 20.2 (as of Nov 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 296.56 ILS is built from several models across several years. Median P/E at fiscal year-end, 10 fiscal years (2016 to 2025), reported earnings: 21.5. Other multiples: P/B 4.2, P/S 1.7, EV/EBITDA 11.2.
How solid is the balance sheet of Hilan Ltd (HLAN)?
Balance-sheet figures for Hilan Ltd (as of Nov 6, 2026): return on equity 20.8%, debt of 0.01 per unit of equity. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is HLAN from its 52-week high?
Hilan Ltd trades at 232.90 ILS, about 13% below its 52-week high of 269.04 ILS and 26% above the low of 184.20 ILS (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 296.56 ILS is for.
Which stocks are comparable to Hilan Ltd?
From the same area (Technology) we also value International Business Machines Corporation, Accenture plc, Tata Consultancy Services Limited, Infosys 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 Hilan Ltd stock attractive at the current price?
The data as of Nov 6, 2026: price 232.90 ILS, calculated fair value 296.56 ILS (+27%), Quality Score 67/100, from 26 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 HLAN calculated?
We run Hilan Ltd through 26 models from 8 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit, Growth Earnings. Every model gets the same audited fundamentals; the fair value of 296.56 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. Hilan Ltd currently trades 21% below its own fair value, and the market average says nothing about that. 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 Hilan Ltd (HLAN)?
The closing price on Nov 6, 2026 was 232.90 ILS. Our model-based fair value is 296.56 ILS, about +27% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hilan Ltd right now?
Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (195.88 ILS to 398.36 ILS) leaves room in how you read the outcome.
Where does the earnings growth of Hilan Ltd (HLAN) come from?
Earnings per share at Hilan Ltd grew +15.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +12.2 %, EBIT margin +2.0 %, tax rate +0.4 %, residual (interest, one-offs) +0.2 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Hilan Ltd
How large is the market capitalisation of Hilan Ltd (HLAN)?
The market capitalisation of Hilan Ltd is 5.3B 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 Hilan Ltd (HLAN)?
The price-to-sales ratio of Hilan Ltd is 1.71 (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 Hilan Ltd (HLAN)?
Earnings per share at Hilan Ltd are 11.52 ILS (price ÷ EPS = P/E 20.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Hilan Ltd (HLAN)?
The dividend yield of Hilan Ltd is 2.1% (payout 43.4%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Hilan Ltd (HLAN)?
The net margin of Hilan Ltd is 8.7% (last twelve months). 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 Hilan Ltd (HLAN)?
The return on equity (ROE) of Hilan Ltd is 20.8% (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 Hilan Ltd (HLAN)?
On an EBIT basis the return on assets of Hilan Ltd is 12.2% (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 Hilan Ltd (HLAN)?
The operating margin of Hilan Ltd is 12.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hilan Ltd (HLAN)?
Revenue at Hilan Ltd is growing +11.2% versus a year earlier (3y avg +10.5%). 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 Hilan Ltd (HLAN)?
Earnings per share at Hilan Ltd are growing +8.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Hilan Ltd (HLAN) hold?
Hilan Ltd holds more cash than debt, 162M ILS net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Broad data
Nov 6, 2026