Menivim The New REIT Ltd (MNRT) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Menivim The New REIT Ltd stock ILS 2.31, price ILS 1.73, upside +34.0%, quality 52 out of 100. Rating: undervalued. Calculated from audited financials with 12 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 1.07 ILS – 2.42 ILS · fair‑value band 0.9945 ILS – 3.71 ILS · the 1.73 ILS price screens below the 2.31 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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Menivim - The New Reit Ltd was founded in 2015 and is headquartered in Caesarea, Israel.
Stock analysis
Menivim The New REIT Ltd (MNRT) currently trades at 1.73 ILS, while our model-based Fair Value estimate is 2.31 ILS, implying the stock looks roughly 25% undervalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 2.98 ILS per share, and 7 of the 12 models we run sit above the 1.73 ILS price.
Bear case: the Dividend Discount group reads lowest at 1.46 ILS, and 5 of the 12 models stay below the price. Data coverage for this calculation is low.
Scenario range: 0.9945 ILS (bear) to 3.71 ILS (bull), the price of 1.73 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 52/100 (solid quality), in the Real Estate sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Menivim The New REIT Ltd reported revenue of 262M ILS in FY2025 versus 124M ILS in FY2021, a compound +20.6%/yr. Reported net income was 212M ILS in FY2025, compounding +7.5%/yr from FY2021.
Key figures
Market cap 1.6B ILS Small · P/E ratio 6.6 · P/S ratio 5.71 · EPS (TTM) 0.2600 ILS · Dividend yield 7.6% · Net margin 73.6% · Return on equity 10.8% · Return on assets (EBIT) 6.5% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 68 out of 100 (low confidence).
What moves the price
The share trades about 29% below its 52-week high and 3% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −7% fair-value upside, at 34%, MNRT screens cheaper than that median.
Fair Value models
Bear0.9945 ILSFair Value 2.31 ILSBull3.71 ILS
Price 1.73 ILS · Upside +34.0%
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 (0.1106 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.
Best data coverage
Residual Income1.95 ILS2.13 ILS2.47 ILS76
FCF DCF1.37 ILS2.72 ILS6.73 ILS72
Growth DCF1.17 ILS2.98 ILS6.25 ILS72
All 12 models by family
DCF Models
FCF DCF1.37 ILS2.72 ILS6.73 ILS72
5Y Revenue Exit0.3800 ILS1.68 ILS4.36 ILS63
10Y Revenue Exit0.6800 ILS2.92 ILS4.16 ILS64
Dividend Discount
Gordon GGM0.8700 ILS1.51 ILS2.03 ILS68
DDM Multi-Stage0.8700 ILS1.40 ILS1.62 ILS67
Multiples
P/S Multiple1.50 ILS2.01 ILS2.51 ILS58
P/B Multiple3.53 ILS4.70 ILS5.88 ILS55
EV/EBIT1.12 ILS2.11 ILS3.11 ILS63
EV/Revenuen/a0.2900 ILS0.9400 ILS50
Asset-Based
NCAV (Graham)1.18 ILS1.58 ILS2.35 ILS54
Growth DCF
Growth DCF1.17 ILS2.98 ILS6.25 ILS72
Economic Profit
Residual Income1.95 ILS2.13 ILS2.47 ILS76
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.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+10.6%
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.
+16.3%
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.
+18.5%
Start year 2020 (pandemic). Over 10 years: +98.0% a year
Revenue growth 10 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.
+98.0%
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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.
+9.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+2.0%
Dividend (yield on the price)7.6%
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.2.0% vs 28.7%, slowing
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).
+11.6%
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 +9.4% a year for the price.
Compare Menivim The New REIT 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.REIT - Diversified · 138 stocks
Beats the industry median on 10/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score52 · Below median
Fair Value upside+34.0% · Top 25%
Profitability
Return on equity (12 months)10.8% · Top 25%
Return on assets5.6% · Top 25%
Net margin (12 months)73.6% · Top 25%
Operating margin (12 months)79.6% · Top 25%
Growth and dividend
Revenue growth (quarter YoY)14.2% · Top 25%
Dividend yield (12 months)7.6% · Top 25%
Balance sheet
Debt / equity0.84× · Highest 25%
Valuation Multiplesvs REIT - Diversified median · lower = cheaper
P/E (12 months)6.6× · Cheaper than median
P/B0.80× · Pricier than median
P/S (12 months)5.71× · Pricier than median
Price / free cash flow (fiscal year)9.3× · 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). "Menivim The New REIT Ltd Fair Value". https://www.fairvalue-calculator.com/stock/MNRT
Frequently asked questions
Is Menivim The New REIT Ltd (MNRT) overvalued or undervalued?
As of Nov 9, 2026, our model estimates a fair value of 2.31 ILS versus a price of 1.73 ILS, about +34% upside (undervalued).
What is the fair value of MNRT?
Our model-based fair value for Menivim The New REIT Ltd is 2.31 ILS (as of Nov 9, 2026), built from audited fundamentals. The current price: 1.73 ILS.
What is the quality score of MNRT?
Menivim The New REIT Ltd has a Quality Score of 52/100. 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 Menivim The New REIT Ltd (MNRT)?
Our model-based price target is the fair value of 2.31 ILS (as of Nov 9, 2026) from 12 valuation models. Cautious scenario 0.9945 ILS, optimistic scenario 3.71 ILS. It is a calculation from audited fundamentals, not an analyst target.
What is the Menivim The New REIT Ltd stock forecast for 2026?
Our models put fair value at 2.31 ILS, about +34% upside versus a price of 1.73 ILS (undervalued). Cautious scenario 0.9945 ILS, optimistic scenario 3.71 ILS. The calculation is refreshed regularly with new filings.
What is the revenue of Menivim The New REIT Ltd (MNRT)?
Menivim The New REIT Ltd reported trailing-twelve-month revenue of about 280M ILS (latest available figure, as of Nov 9, 2026).
Does Menivim The New REIT Ltd pay a dividend?
Menivim The New REIT Ltd currently shows a dividend yield of 7.59% relative to its recent price (as of Nov 9, 2026).
How much is the dividend of Menivim The New REIT Ltd (MNRT) and when is the ex-dividend date?
Menivim The New REIT Ltd pays a dividend of 0.131 ILS per share a year, a dividend yield of 7.6%. The last ex-dividend date was Aug 19, 2026. A dividend has been paid every year since at least 2018. The payout ratio is 50.4% of earnings. Free cash flow covers the dividend 1.55 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 Menivim The New REIT Ltd (MNRT)?
For today's price to be fair in a discounted-cash-flow model, Menivim The New REIT Ltd would have to grow free cash flow by +11.6 % 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 +18.5 % per year. As of Nov 9, 2026.
What discount rate (WACC) does the fair value of MNRT use?
Our models discount Menivim The New REIT Ltd at 11.6 %: a base by market capitalisation (small), damped by beta 0.33, 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 Menivim The New REIT Ltd that is +11.6 % 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 Menivim The New REIT Ltd (MNRT) delivered so far?
Over the past 5 years revenue at Menivim The New REIT Ltd grew +18.5 % a year. The price currently implies free-cash-flow growth of +11.6 % 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 Menivim The New REIT Ltd (MNRT) growing?
The median revenue growth in the sector is +2.7 % a year. That is the yardstick for the growth priced into Menivim The New REIT Ltd (+11.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Menivim The New REIT Ltd (MNRT)?
The free-cash-flow yield on the price is 11.84 %: that much free cash flow Menivim The New REIT 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 Menivim The New REIT Ltd (MNRT)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Menivim The New REIT Ltd it is 2.31 ILS per share (as of Nov 9, 2026), against a price of 1.73 ILS. It is the blended result of 12 valuation models in 6 families (DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is Menivim The New REIT Ltd stock overvalued or undervalued in 2026?
As of Nov 9, 2026, MNRT trades below its calculated fair value: price 1.73 ILS, fair value 2.31 ILS, a gap of about +34% (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 MNRT?
No. The price is what the market pays today (1.73 ILS); the fair value is what the company's own numbers justify (2.31 ILS). For Menivim The New REIT Ltd the two are 0.5860 ILS per share apart. That gap is exactly why we show both numbers side by side.
How much is Menivim The New REIT Ltd worth?
The market values Menivim The New REIT Ltd at about 1.6B ILS (market capitalisation, as of Nov 9, 2026). Per share that is 1.73 ILS; our models calculate a fair value of 2.31 ILS per share.
What do the bullish and bearish scenarios say about MNRT?
Our models span a range for Menivim The New REIT Ltd: cautious scenario 0.9945 ILS, base 2.31 ILS, optimistic 3.71 ILS per share (as of Nov 9, 2026, price 1.73 ILS). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MNRT?
Menivim The New REIT Ltd trades at a price-to-earnings ratio of 6.6 (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 2.31 ILS is built from several models across several years. Other multiples: P/B 0.8, P/S 5.7, EV/EBITDA 12.1.
How solid is the balance sheet of Menivim The New REIT Ltd (MNRT)?
Balance-sheet figures for Menivim The New REIT Ltd (as of Nov 9, 2026): return on equity 10.8%, debt of 0.84 per unit of equity. They feed the Quality Score of 52/100, which measures business quality independently of the share price.
How far is MNRT from its 52-week high?
Menivim The New REIT Ltd trades at 1.73 ILS, about 29% below its 52-week high of 2.42 ILS and 3% above the low of 1.68 ILS (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 2.31 ILS is for.
Which stocks are comparable to Menivim The New REIT Ltd?
From the same area (Real Estate) we also value Goodman Group, VICI Properties Inc, W. P. Carey Inc, Stockland, 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 Menivim The New REIT Ltd stock attractive at the current price?
The data as of Nov 9, 2026: price 1.73 ILS, calculated fair value 2.31 ILS (+34%), Quality Score 52/100, from 12 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 MNRT calculated?
We run Menivim The New REIT Ltd through 12 models from 6 families: DCF Models, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 2.31 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. Menivim The New REIT Ltd currently trades 25% 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 Menivim The New REIT Ltd (MNRT)?
The closing price on Nov 6, 2026 was 1.73 ILS. Our model-based fair value is 2.31 ILS, about +34% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Menivim The New REIT Ltd right now?
The model range is unusually wide (0.9945 ILS to 3.71 ILS). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (52/100) at a price below fair value, the discount is the argument here, not the business quality. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Menivim The New REIT Ltd
How large is the market capitalisation of Menivim The New REIT Ltd (MNRT)?
The market capitalisation of Menivim The New REIT Ltd is 1.6B 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 Menivim The New REIT Ltd (MNRT)?
The price-to-sales ratio of Menivim The New REIT Ltd is 5.71 (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 Menivim The New REIT Ltd (MNRT)?
Earnings per share at Menivim The New REIT Ltd are 0.2600 ILS (price ÷ EPS = P/E 6.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Menivim The New REIT Ltd (MNRT)?
The dividend yield of Menivim The New REIT Ltd is 7.6% (payout 50.4%). 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 Menivim The New REIT Ltd (MNRT)?
The net margin of Menivim The New REIT Ltd is 73.6% (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 Menivim The New REIT Ltd (MNRT)?
The return on equity (ROE) of Menivim The New REIT Ltd is 10.8% (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 Menivim The New REIT Ltd (MNRT)?
On an EBIT basis the return on assets of Menivim The New REIT Ltd is 6.5% (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 Menivim The New REIT Ltd (MNRT)?
The operating margin of Menivim The New REIT Ltd is 79.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Menivim The New REIT Ltd (MNRT)?
Revenue at Menivim The New REIT Ltd is growing +14.2% versus a year earlier (3y avg +16.3%). 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 Menivim The New REIT Ltd (MNRT)?
Earnings per share at Menivim The New REIT Ltd are growing −20.0% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Menivim The New REIT Ltd (MNRT) carry?
The net debt of Menivim The New REIT Ltd is 1.6B ILS (fiscal year 2025, ≈ 9.2 yrs of FCF). 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 9, 2026