More Provident Funds (MPP) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of More Provident Funds stock ILS 3.22, price ILS 15.50, that is 79.2% below the price, quality 61 out of 100. Rating: strongly overvalued. Calculated from audited financials with 13 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 5, 2026.
How to read this chart
57‑month range 3.29 ILS – 17.00 ILS · fair‑value band 1.61 ILS – 5.07 ILS · the 15.50 ILS price screens above the 3.22 ILS fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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More Provident Funds and Pensions Ltd manages provident and pension funds in Israel. It provides provident funds for rewards and compensations, savings, education, training, and investments, as well as for saving plans for a child; and general and comprehensive pension funds.
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More Provident Funds and Pensions Ltd was incorporated in 2013 and is based in Ramat Gan, Israel.
Stock analysis
More Provident Funds (MPP) currently trades at 15.50 ILS, while our model-based Fair Value estimate is 3.22 ILS, 79% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Earnings-Based group reads highest at a median of 22.64 ILS per share, and 2 of the 13 models we run sit above the 15.50 ILS price.
Bear case: the Asset-Based group reads lowest at 1.27 ILS, and 11 of the 13 models stay below the price. Data coverage for this calculation is high.
Scenario range: 1.61 ILS (bear) to 5.07 ILS (bull), the price of 15.50 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 61/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
More Provident Funds reported revenue of 647M ILS in FY2025 versus 135M ILS in FY2021, a compound +47.8%/yr. Reported net income was 70.5M ILS in FY2025.
Key figures
Market cap 2.0B ILS Small · P/E ratio 25.4 · P/S ratio 2.65 · EPS (TTM) 0.6100 ILS · Dividend yield 3.6% · Net margin 10.4% · Return on equity 31.9% · Return on assets (EBIT) 9.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (low confidence).
What moves the price
The share trades about 9% below its 52-week high and 22% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at −79%, MPP screens richer than that median.
Fair Value models
Bear1.61 ILSFair Value 3.22 ILSBull5.07 ILS
Price 15.50 ILS · Downside -79.2%
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 (0.0386 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.86/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+25.5%
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.
+33.0%
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.
+92.9%
Start year 2020 (pandemic)
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.
+180.3%
’18
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’22
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’25
What shareholders gained per year (last 3 years) (mathematically smoothed) ⓘ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 3 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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+70.3%
Earnings growth per share plus dividend.
Earnings per share, growth per year+66.7%
Dividend (yield on the price)3.6%
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.−63% → 17%
2025 sits 71% above its own trend. The rate follows the median trend of the last 3 years, not that single year.
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).
+44.6%
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 +41.6% 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.Asset Management · 587 stocks
Beats the industry median on 5/14 measures
Overall it trails its industry peers.
Valuation
Quality Score61 · Above median
Fair Value upside−79.2% · Bottom 25%
Profitability
Return on equity (12 months)31.9% · Top 25%
Return on assets9.1% · Above median
Net margin (12 months)10.4% · Bottom 25%
Operating margin (12 months)15.6% · Below median
Growth and dividend
Revenue growth (quarter YoY)32.3% · Above median
Dividend yield (12 months)3.6% · Below median
Balance sheet
Debt / equity1.42× · Highest 25%
Valuation Multiplesvs Asset Management median · lower = cheaper
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Is More Provident Funds (MPP) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 3.22 ILS versus a price of 15.50 ILS, about 79% lower (overvalued).
What is the fair value of MPP?
Our model-based fair value for More Provident Funds is 3.22 ILS (as of Nov 5, 2026), built from audited fundamentals. The current price: 15.50 ILS.
What is the quality score of MPP?
More Provident Funds has a Quality Score of 61/100. 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 More Provident Funds (MPP)?
Our model-based price target is the fair value of 3.22 ILS (as of Nov 5, 2026) from 13 valuation models. Cautious scenario 1.61 ILS, optimistic scenario 5.07 ILS. It is a calculation from audited fundamentals, not an analyst target.
What is the More Provident Funds stock forecast for 2026?
Our models put fair value at 3.22 ILS, about 79% lower versus a price of 15.50 ILS (overvalued). Cautious scenario 1.61 ILS, optimistic scenario 5.07 ILS. The calculation is refreshed regularly with new filings.
What is the revenue of More Provident Funds (MPP)?
More Provident Funds reported trailing-twelve-month revenue of about 755M ILS (latest available figure, as of Nov 5, 2026).
Does More Provident Funds pay a dividend?
More Provident Funds currently shows a dividend yield of 3.65% relative to its recent price (as of Nov 5, 2026).
How much is the dividend of More Provident Funds (MPP) and when is the ex-dividend date?
More Provident Funds pays a dividend of 0.565 ILS per share a year, a dividend yield of 3.6%. The last ex-dividend date was Aug 25, 2026. The payout ratio is 92.6% of earnings. Free cash flow covers the dividend 0.38 times. Our assessment: Watch coverage. The dividend isn’t fully covered by free cash flow or earnings, part of it is funded from reserves or debt. Fine for now, but worth watching: if it stays uncovered, the dividend could be cut.
What growth is priced into More Provident Funds (MPP)?
For today's price to be fair in a discounted-cash-flow model, More Provident Funds would have to grow free cash flow by +44.6 % per year for five years (discount rate 12.3 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +92.9 % per year. As of Nov 5, 2026.
What discount rate (WACC) does the fair value of MPP use?
Our models discount More Provident Funds at 12.3 %: a base by market capitalisation (small), damped by beta 0.76, 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 More Provident Funds that is +44.6 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (12.3 %) and the same formula as our fair value.
How much growth has More Provident Funds (MPP) delivered so far?
Over the past 5 years revenue at More Provident Funds grew +92.9 % a year. The price currently implies free-cash-flow growth of +44.6 % 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 More Provident Funds (MPP) growing?
The median revenue growth in the sector is +9.2 % a year. That is the yardstick for the growth priced into More Provident Funds (+44.6 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of More Provident Funds (MPP)?
The free-cash-flow yield on the price is 1.42 %: that much free cash flow More Provident Funds produces per unit of market value. When it exceeds the discount rate of our models (12.3 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of More Provident Funds (MPP)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For More Provident Funds it is 3.22 ILS per share (as of Nov 5, 2026), against a price of 15.50 ILS. It is the blended result of 13 valuation models in 7 families (DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit).
Is More Provident Funds stock overvalued or undervalued in 2026?
As of Nov 5, 2026, MPP trades above its calculated fair value: price 15.50 ILS, fair value 3.22 ILS, a gap of about −79% (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 MPP?
No. The price is what the market pays today (15.50 ILS); the fair value is what the company's own numbers justify (3.22 ILS). For More Provident Funds the two are 12.28 ILS per share apart. That gap is exactly why we show both numbers side by side.
How much is More Provident Funds worth?
The market values More Provident Funds at about 2.0B ILS (market capitalisation, as of Nov 5, 2026). Per share that is 15.50 ILS; our models calculate a fair value of 3.22 ILS per share.
What do the bullish and bearish scenarios say about MPP?
Our models span a range for More Provident Funds: cautious scenario 1.61 ILS, base 3.22 ILS, optimistic 5.07 ILS per share (as of Nov 5, 2026, price 15.50 ILS). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MPP?
More Provident Funds trades at a price-to-earnings ratio of 25.4 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 3.22 ILS is built from several models across several years. Other multiples: P/B 8.1, P/S 2.6, EV/EBITDA 16.7.
How solid is the balance sheet of More Provident Funds (MPP)?
Balance-sheet figures for More Provident Funds (as of Nov 5, 2026): return on equity 31.9%, debt of 1.42 per unit of equity. They feed the Quality Score of 61/100, which measures business quality independently of the share price.
How far is MPP from its 52-week high?
More Provident Funds trades at 15.50 ILS, about 9% below its 52-week high of 17.00 ILS and 22% above the low of 12.68 ILS (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 3.22 ILS is for.
Which stocks are comparable to More Provident Funds?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Asset Management Ltd, KKR & Co, Apollo Global Management, Inc, 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 More Provident Funds stock attractive at the current price?
The data as of Nov 5, 2026: price 15.50 ILS, calculated fair value 3.22 ILS (−79%), Quality Score 61/100, from 13 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 MPP calculated?
We run More Provident Funds through 13 models from 7 families: DCF Models, Earnings-Based, Dividend Discount, Multiples, Asset-Based, Growth DCF, Economic Profit. Every model gets the same audited fundamentals; the fair value of 3.22 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. More Provident Funds 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 More Provident Funds (MPP)?
The closing price on Nov 6, 2026 was 15.50 ILS. Our model-based fair value is 3.22 ILS, about 79% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with More Provident Funds right now?
The price sits above even our optimistic bull case (5.07 ILS). The favourable scenario is already priced in. The model range is unusually wide (1.61 ILS to 5.07 ILS). The outcome hinges heavily on assumptions, so read the point estimate with caution. Solid but not exceptional quality (61/100) and above fair value, neither a clear bargain nor a standout compounder. 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 More Provident Funds
How large is the market capitalisation of More Provident Funds (MPP)?
The market capitalisation of More Provident Funds is 2.0B 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 More Provident Funds (MPP)?
The price-to-sales ratio of More Provident Funds is 2.65 (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 More Provident Funds (MPP)?
Earnings per share at More Provident Funds are 0.6100 ILS (price ÷ EPS = P/E 25.4). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of More Provident Funds (MPP)?
The dividend yield of More Provident Funds is 3.6% (payout 92.6%). 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 More Provident Funds (MPP)?
The net margin of More Provident Funds is 10.4% (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 More Provident Funds (MPP)?
The return on equity (ROE) of More Provident Funds is 31.9% (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 More Provident Funds (MPP)?
On an EBIT basis the return on assets of More Provident Funds is 9.0% (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 More Provident Funds (MPP)?
The operating margin of More Provident Funds is 15.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at More Provident Funds (MPP)?
Revenue at More Provident Funds is growing +32.3% versus a year earlier (3y avg +33.0%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How much net debt does More Provident Funds (MPP) carry?
The net debt of More Provident Funds is 313M ILS (fiscal year 2025, ≈ 11.3 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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Broad data
Nov 5, 2026