MLRN Projects and Trade Ltd (MLRN) fair value: what the stock is really worth
As of Nov 9, 2026: fair value (intrinsic value) of MLRN Projects and Trade Ltd stock ILS 13.67, price ILS 9.41, upside +45.3%, quality 45 out of 100. Rating: undervalued. Calculated from audited financials with 9 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 9, 2026.
How to read this chart
60‑month range 2.27 ILS – 15.10 ILS · fair‑value band 10.12 ILS – 31.02 ILS · the 9.41 ILS price screens below the 13.67 ILS fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 9, 2026.
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M.L.R.N Projects and Trading Ltd provides non-bank credit to small and medium-sized businesses in Israel.
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It offers credit for real estate entrepreneurship and construction support, small and medium-sized businesses, infrastructure projects for infrastructure contractors, and financial service providers. The company was incorporated in 2008 and is based in Herzliya, Israel.
Stock analysis
MLRN Projects and Trade Ltd (MLRN) currently trades at 9.41 ILS, while our model-based Fair Value estimate is 13.67 ILS, implying the stock looks roughly 31% undervalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of 76.59 ILS per share, and 8 of the 9 models we run sit above the 9.41 ILS price.
Bear case: the Asset-Based group reads lowest at 4.16 ILS, and 1 of the 9 models stay below the price. Data coverage for this calculation is high.
Scenario range: 10.12 ILS (bear) to 31.02 ILS (bull), the price of 9.41 ILS sits below 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 45/100 (below-average quality), in the Financial Services sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
MLRN Projects and Trade Ltd reported revenue of 172M ILS in FY2025 versus 61.5M ILS in FY2021, a compound +29.4%/yr. Reported net income was 57.1M ILS in FY2025, compounding +18.7%/yr from FY2021.
Key figures
Market cap 297M ILS Micro · P/E ratio 5.4 · P/S ratio 2.83 · EPS (TTM) 1.74 ILS · Dividend yield 10.7% · Net margin 51.1% · Return on equity 17.4% · Return on assets (EBIT) 5.8% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 70 out of 100 (low confidence).
What moves the price
The share trades about 38% below its 52-week high and at its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −3% fair-value upside, at 45%, MLRN screens cheaper than that median.
Fair Value models
Bear10.12 ILSFair Value 13.67 ILSBull31.02 ILS
Price 9.41 ILS · Upside +45.3%
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 (1.49 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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+98.4%
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.
+22.5%
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.
+36.1%
Start year 2020 (pandemic)
Revenue growth 9 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.
+27.7%
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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. Basis: EBIT basis.
≈ +20.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.5%
Dividend (yield on the price)10.7%
Profit margin 2018 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.60% → 43%
⚠ Rate on operating basis: 2025 sits 55% above its own trend.
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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.Credit Services · 283 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score45 · Below median
Fair Value upside+41.6% · Above median
Profitability
Return on equity (12 months)17.4% · Top 25%
Return on assets5.1% · Top 25%
Net margin (12 months)51.1% · Top 25%
Operating margin (12 months)63.9% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)−20.3% · Bottom 25%
Dividend yield (12 months)10.7% · Top 25%
Balance sheet
Debt / equity1.59× · Above median
Valuation Multiplesvs Credit Services median · lower = cheaper
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). "MLRN Projects and Trade Ltd Fair Value". https://www.fairvalue-calculator.com/stock/MLRN
Frequently asked questions
Is MLRN Projects and Trade Ltd (MLRN) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 13.67 ILS versus a price of 9.41 ILS, about +45% upside (undervalued).
What is the fair value of MLRN?
Our model-based fair value for MLRN Projects and Trade Ltd is 13.67 ILS (as of Nov 9, 2026), built from audited fundamentals. The current price: 9.41 ILS.
What is the quality score of MLRN?
MLRN Projects and Trade Ltd has a Quality Score of 45/100. 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 MLRN Projects and Trade Ltd (MLRN)?
Our model-based price target is the fair value of 13.67 ILS (as of Nov 9, 2026) from 9 valuation models. Cautious scenario 10.12 ILS, optimistic scenario 31.02 ILS. It is a calculation from audited fundamentals, not an analyst target.
What is the MLRN Projects and Trade Ltd stock forecast for 2026?
Our models put fair value at 13.67 ILS, about +45% upside versus a price of 9.41 ILS (undervalued). Cautious scenario 10.12 ILS, optimistic scenario 31.02 ILS. The calculation is refreshed regularly with new filings.
What is the revenue of MLRN Projects and Trade Ltd (MLRN)?
MLRN Projects and Trade Ltd reported trailing-twelve-month revenue of about 108M ILS (latest available figure, as of Nov 9, 2026).
Does MLRN Projects and Trade Ltd pay a dividend?
MLRN Projects and Trade Ltd currently shows a dividend yield of 10.68% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of MLRN Projects and Trade Ltd (MLRN)?
MLRN Projects and Trade Ltd has a dividend yield of 10.7%.
What is the intrinsic value of MLRN Projects and Trade Ltd (MLRN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For MLRN Projects and Trade Ltd it is 13.67 ILS per share (as of Nov 9, 2026), against a price of 9.41 ILS. It is the blended result of 9 valuation models in 6 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit).
Is MLRN Projects and Trade Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, MLRN trades below its calculated fair value: price 9.41 ILS, fair value 13.67 ILS, a gap of about +45% (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 MLRN?
No. The price is what the market pays today (9.41 ILS); the fair value is what the company's own numbers justify (13.67 ILS). For MLRN Projects and Trade Ltd the two are 4.27 ILS per share apart. That gap is exactly why we show both numbers side by side.
How much is MLRN Projects and Trade Ltd worth?
The market values MLRN Projects and Trade Ltd at about 297M ILS (market capitalisation, as of Nov 9, 2026). Per share that is 9.41 ILS; our models calculate a fair value of 13.67 ILS per share.
What do the bullish and bearish scenarios say about MLRN?
Our models span a range for MLRN Projects and Trade Ltd: cautious scenario 10.12 ILS, base 13.67 ILS, optimistic 31.02 ILS per share (as of Nov 9, 2026, price 9.41 ILS). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MLRN?
MLRN Projects and Trade Ltd trades at a price-to-earnings ratio of 5.4 (as of Nov 9, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 13.67 ILS is built from several models across several years. Other multiples: P/B 1.0, P/S 2.8, EV/EBITDA 10.4.
How solid is the balance sheet of MLRN Projects and Trade Ltd (MLRN)?
Balance-sheet figures for MLRN Projects and Trade Ltd (as of Nov 9, 2026): return on equity 17.4%, debt of 1.59 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is MLRN from its 52-week high?
MLRN Projects and Trade Ltd trades at 9.41 ILS, about 38% below its 52-week high of 15.10 ILS and at the low of 9.41 ILS (as of Nov 9, 2026). Distance from the high says nothing about value: that is what the fair value of 13.67 ILS is for.
Which stocks are comparable to MLRN Projects and Trade Ltd?
From the same area (Financial Services) we also value Visa Inc, Mastercard Incorporated, American Express Company, Capital One Financial Corporation, 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 MLRN Projects and Trade Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price 9.41 ILS, calculated fair value 13.67 ILS (+45%), Quality Score 45/100, from 9 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 MLRN calculated?
We run MLRN Projects and Trade Ltd through 9 models from 6 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Economic Profit. Every model gets the same audited fundamentals; the fair value of 13.67 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. MLRN Projects and Trade Ltd currently trades 31% 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 MLRN Projects and Trade Ltd (MLRN)?
The closing price on Nov 9, 2026 was 9.41 ILS. Our model-based fair value is 13.67 ILS, about +45% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with MLRN Projects and Trade Ltd right now?
The large discount to fair value meets weak quality (45/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (10.12 ILS). The market is more pessimistic than our downside scenario. The model range is unusually wide (10.12 ILS to 31.02 ILS). The outcome hinges heavily on assumptions, so read the point estimate with caution. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of MLRN Projects and Trade Ltd
How large is the market capitalisation of MLRN Projects and Trade Ltd (MLRN)?
The market capitalisation of MLRN Projects and Trade Ltd is 297M 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 MLRN Projects and Trade Ltd (MLRN)?
The price-to-sales ratio of MLRN Projects and Trade Ltd is 2.83 (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 MLRN Projects and Trade Ltd (MLRN)?
Earnings per share at MLRN Projects and Trade Ltd are 1.74 ILS (price ÷ EPS = P/E 5.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of MLRN Projects and Trade Ltd (MLRN)?
The dividend yield of MLRN Projects and Trade Ltd is 10.7% (payout 57.7%). 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 MLRN Projects and Trade Ltd (MLRN)?
The net margin of MLRN Projects and Trade Ltd is 51.1% (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 MLRN Projects and Trade Ltd (MLRN)?
The return on equity (ROE) of MLRN Projects and Trade Ltd is 17.4% (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 MLRN Projects and Trade Ltd (MLRN)?
On an EBIT basis the return on assets of MLRN Projects and Trade Ltd is 5.8% (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 MLRN Projects and Trade Ltd (MLRN)?
The operating margin of MLRN Projects and Trade Ltd is 63.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at MLRN Projects and Trade Ltd (MLRN)?
Revenue at MLRN Projects and Trade Ltd is growing −20.3% versus a year earlier (3y avg +22.5%). 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 MLRN Projects and Trade Ltd (MLRN)?
Earnings per share at MLRN Projects and Trade Ltd are growing −23.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does MLRN Projects and Trade Ltd (MLRN) generate?
The free cash flow of MLRN Projects and Trade Ltd is −70.1M ILS (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 MLRN Projects and Trade Ltd (MLRN) carry?
The net debt of MLRN Projects and Trade Ltd is 791M ILS (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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Broad data
Nov 9, 2026