Shaniv (SHAN) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Shaniv stock ILS 5.60, price ILS 9.09, that is 38.4% below the price, quality 55 out of 100. Rating: strongly overvalued. 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 8, 2026.
How to read this chart
60‑month range 2.98 ILS – 10.33 ILS · fair‑value band 4.01 ILS – 8.81 ILS · the 9.09 ILS price screens above the 5.60 ILS fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Shaniv Paper Industry Ltd engages in the manufacture and marketing of paper, cleaning, automotive, and personal care products in Israel and internationally. The company offers toilet paper, kitchen towels, handkerchiefs, and napkins, as well as a new line for the institutional market.
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It also produces and imports aluminum foils and molds, nylon products, packaging, and various paper products.
In addition, the company develops, manufactures, and markets cleaning products, including cleaning agents, products for fabrics and carpets care, fragrances and air purifiers, and products for renovation and home maintenance, insecticides, and pests under the Touch, TNX, and Magic brand names; and car products comprising car fragrances, cleaning products, puncture repair products, oils and additives, industrial aids, auxiliary materials for professionals, hand cleaning creams, maintenance sprays, and others under the Maxol-Max brand.
Further, it manufactures and markets personal care products and cosmetics under the Novo brand name, such as face and body care creams, oils, perfume, hair care products, deodorants, and spa products; and offers shampoos and hair nutrients, as well as body lotions under the MB Mickey Buganim brand.
Additionally, the company offers technical/contracting services under the MD Clean brand; beauty care products under the BABE brand; ecological products under the Touch Green Care brand name; and professional products under the Touch Professional Company brand.
It serves home, personal care, automotive sector, and institutional markets. Shaniv Paper Industry Ltd was incorporated in 1988 and is based in Ofakim, Israel.
Stock analysis
Shaniv (SHAN) currently trades at 9.09 ILS, while our model-based Fair Value estimate is 5.60 ILS, 38% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Growth DCF group reads highest at a median of 12.56 ILS per share, and 12 of the 26 models we run sit above the 9.09 ILS price.
Bear case: the Dividend Discount group reads lowest at 2.13 ILS, and 14 of the 26 models stay below the price. Data coverage for this calculation is high.
Scenario range: 4.01 ILS (bear) to 8.81 ILS (bull), the price of 9.09 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 55/100 (solid quality), in the Basic Materials sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Shaniv reported revenue of 927M ILS in FY2025 versus 578M ILS in FY2021, a compound +12.5%/yr. Reported net income was 19.7M ILS in FY2025, compounding −12.9%/yr from FY2021.
Key figures
Market cap 578M ILS Micro · P/E ratio 11.8 · P/S ratio 0.64 · EPS (TTM) 0.7700 ILS · Dividend yield 1.8% · Net margin 5.4% · Return on equity 11.9% · Return on assets (EBIT) 4.0% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 39 out of 100 (low confidence).
What moves the price
The share trades about 12% below its 52-week high and 60% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at 22% fair-value upside, at −38%, SHAN screens richer than that median.
Fair Value models
Bear4.01 ILSFair Value 5.60 ILSBull8.81 ILS
Price 9.09 ILS · Downside -38.4%
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 (0.5240 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.76/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+7.2%
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.
+8.3%
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.
+10.0%
Start year 2020 (pandemic). Over 10 years: +15.5% a year
Revenue growth 22 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.
+11.2%
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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.
≈ +12.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.4%
Dividend (yield on the price)1.8%
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.−10.7% vs 0.7%, slowing
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.10% → 6%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 57% above its own trend.
Growth Forecast
A lot of optimism in the price
The price assumes more 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).
+15.4%
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 +13.1% 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.Paper & Paper Products · 116 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score55 · Above median
Fair Value upside−38.4% · Bottom 25%
Profitability
Return on equity (12 months)11.9% · Top 25%
Return on assets1.9% · Below median
Net margin (12 months)5.4% · Above median
Operating margin (12 months)7.7% · Above median
Growth and dividend
Revenue growth (quarter YoY)−11.3% · Bottom 25%
Dividend yield (12 months)1.8% · Below median
Balance sheet
Debt / equity0.11× · Below median
Valuation Multiplesvs Paper & Paper Products median · lower = cheaper
P/E (12 months)11.8× · Cheaper than median
P/B1.58× · Priciest 25%
P/S (12 months)0.64× · Pricier than median
Price / free cash flow (fiscal year)12.3× · Cheaper than median
EV/EBITDA6.0× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 27
FUTURE (revenue growth)0· sector 31
PAST (return on equity)48· sector 14
HEALTH (low debt)95· sector 90
DIVIDEND (yield)35· sector 39
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). "Shaniv Fair Value". https://www.fairvalue-calculator.com/stock/SHAN
Frequently asked questions
Is Shaniv (SHAN) overvalued or undervalued?
As of Nov 8, 2026, our model estimates a fair value of 5.60 ILS versus a price of 9.09 ILS, about 38% lower (overvalued).
What is the fair value of SHAN?
Our model-based fair value for Shaniv is 5.60 ILS (as of Nov 8, 2026), built from audited fundamentals. The current price: 9.09 ILS.
What is the quality score of SHAN?
Shaniv has a Quality Score of 55/100. 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 Shaniv (SHAN)?
Our model-based price target is the fair value of 5.60 ILS (as of Nov 8, 2026) from 26 valuation models. Cautious scenario 4.01 ILS, optimistic scenario 8.81 ILS. It is a calculation from audited fundamentals, not an analyst target.
What is the Shaniv stock forecast for 2026?
Our models put fair value at 5.60 ILS, about 38% lower versus a price of 9.09 ILS (overvalued). Cautious scenario 4.01 ILS, optimistic scenario 8.81 ILS. The calculation is refreshed regularly with new filings.
What is the revenue of Shaniv (SHAN)?
Shaniv reported trailing-twelve-month revenue of about 897M ILS (latest available figure, as of Nov 8, 2026).
Does Shaniv pay a dividend?
Shaniv currently shows a dividend yield of 1.75% relative to its recent price (as of Nov 8, 2026).
How much is the dividend of Shaniv (SHAN) and when is the ex-dividend date?
Shaniv pays a dividend of 0.159 ILS per share a year, a dividend yield of 1.8%. The last ex-dividend date was Aug 31, 2026. The payout ratio is 20.6% of earnings. Free cash flow covers the dividend 4.69 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 Shaniv (SHAN)?
For today's price to be fair in a discounted-cash-flow model, Shaniv would have to grow free cash flow by +15.4 % per year for five years (discount rate 13.1 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +10.0 % per year. As of Nov 8, 2026.
What discount rate (WACC) does the fair value of SHAN use?
Our models discount Shaniv at 13.1 %: a base by market capitalisation (micro), damped by beta 0.46, 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 Shaniv that is +15.4 % per year for five years, then slowing evenly to 2 % by year ten, using the same discount rate (13.1 %) and the same formula as our fair value.
How much growth has Shaniv (SHAN) delivered so far?
Over the past 5 years revenue at Shaniv grew +10.0 % a year. The price currently implies free-cash-flow growth of +15.4 % 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 Shaniv (SHAN) growing?
The median revenue growth in the sector is +9.8 % a year. That is the yardstick for the growth priced into Shaniv (+15.4 % per year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Shaniv (SHAN)?
The free-cash-flow yield on the price is 8.12 %: that much free cash flow Shaniv produces per unit of market value. When it exceeds the discount rate of our models (13.1 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Shaniv (SHAN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shaniv it is 5.60 ILS per share (as of Nov 8, 2026), against a price of 9.09 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 Shaniv stock overvalued or undervalued in 2026?
As of Nov 8, 2026, SHAN trades above its calculated fair value: price 9.09 ILS, fair value 5.60 ILS, a gap of about −38% (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 SHAN?
No. The price is what the market pays today (9.09 ILS); the fair value is what the company's own numbers justify (5.60 ILS). For Shaniv the two are 3.49 ILS per share apart. That gap is exactly why we show both numbers side by side.
How much is Shaniv worth?
The market values Shaniv at about 578M ILS (market capitalisation, as of Nov 8, 2026). Per share that is 9.09 ILS; our models calculate a fair value of 5.60 ILS per share.
What do the bullish and bearish scenarios say about SHAN?
Our models span a range for Shaniv: cautious scenario 4.01 ILS, base 5.60 ILS, optimistic 8.81 ILS per share (as of Nov 8, 2026, price 9.09 ILS). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SHAN?
Shaniv trades at a price-to-earnings ratio of 11.8 (as of Nov 8, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 5.60 ILS is built from several models across several years. Other multiples: P/B 1.6, P/S 0.6, EV/EBITDA 6.0.
How solid is the balance sheet of Shaniv (SHAN)?
Balance-sheet figures for Shaniv (as of Nov 8, 2026): return on equity 11.9%, debt of 0.11 per unit of equity. They feed the Quality Score of 55/100, which measures business quality independently of the share price.
How far is SHAN from its 52-week high?
Shaniv trades at 9.09 ILS, about 12% below its 52-week high of 10.33 ILS and 60% above the low of 5.69 ILS (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 5.60 ILS is for.
Which stocks are comparable to Shaniv?
From the same area (Basic Materials) we also value UPM-Kymmene Oyj, Suzano S.A, Shandong Sunpaper Co, Nine Dragons Paper (Holdings) 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 Shaniv stock attractive at the current price?
The data as of Nov 8, 2026: price 9.09 ILS, calculated fair value 5.60 ILS (−38%), Quality Score 55/100, 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 SHAN calculated?
We run Shaniv 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 5.60 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. Shaniv 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 Shaniv (SHAN)?
The closing price on Nov 6, 2026 was 9.09 ILS. Our model-based fair value is 5.60 ILS, about 38% lower (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shaniv right now?
The price sits above even our optimistic bull case (8.81 ILS). The favourable scenario is already priced in. Solid but not exceptional quality (55/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (4.01 ILS to 8.81 ILS) leaves room in how you read the outcome.
Where does the earnings growth of Shaniv (SHAN) come from?
Earnings per share at Shaniv grew −1.1 % a year from 2014 to 2025. Broken into its drivers: revenue per share +11.7 %, EBIT margin −4.7 %, tax rate −2.0 %, residual (interest, one-offs) −5.3 %. 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 Shaniv
How large is the market capitalisation of Shaniv (SHAN)?
The market capitalisation of Shaniv is 578M 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 Shaniv (SHAN)?
The price-to-sales ratio of Shaniv is 0.64 (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 Shaniv (SHAN)?
Earnings per share at Shaniv are 0.7700 ILS (price ÷ EPS = P/E 11.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shaniv (SHAN)?
The dividend yield of Shaniv is 1.8% (payout 20.6%). 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 Shaniv (SHAN)?
The net margin of Shaniv is 5.4% (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 Shaniv (SHAN)?
The return on equity (ROE) of Shaniv is 11.9% (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 Shaniv (SHAN)?
On an EBIT basis the return on assets of Shaniv is 4.0% (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 Shaniv (SHAN)?
The operating margin of Shaniv is 7.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shaniv (SHAN)?
Revenue at Shaniv is growing −11.3% versus a year earlier (3y avg +8.3%). 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 Shaniv (SHAN)?
Earnings per share at Shaniv are growing +20.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Shaniv (SHAN) carry?
The net debt of Shaniv is 322M ILS (fiscal year 2025, ≈ 6.9 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 8, 2026