Afi Properties Ltd (AFPR) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Afi Properties Ltd ILS 117, price ILS 181, upside -35.4%, quality 53 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 93.05 ILA – 266.00 ILA · fair‑value band 117.14 ILA – 292.62 ILA · the 181.30 ILA price screens above the 117.14 ILA fair value. Dashed = 300-day average. As of Sep 24, 2026.
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AFI Properties Ltd. owns, develops, and operates real estate properties in Israel and Europe. Its properties include offices, malls, residential projects, and rental apartments. The company was formerly known as Africa Israel Properties Ltd. and changed its name to AFI Properties Ltd. in July 2019.
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AFI Properties Ltd. owns, develops, and operates real estate properties in Israel and Europe. Its properties include offices, malls, residential projects, and rental apartments. The company was formerly known as Africa Israel Properties Ltd. and changed its name to AFI Properties Ltd. in July 2019. The company was incorporated in 1971 and is based in Yehud, Israel. AFI Properties Ltd. is a subsidiary of Big Shopping Centers Ltd.
Stock analysis
Afi Properties Ltd (AFPR) currently trades at 181.30 ILA, while our model-based Fair Value estimate is 117.14 ILA, implying the stock looks roughly 54.8% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 250.67 ILA per share, and 6 of the 14 models we run sit above the 181.30 ILA price.
Bear case: the Growth DCF group reads lowest at 131.69 ILA, and 8 of the 14 models stay below the price. Evidence for this calculation is high.
Scenario range: 117.14 ILA (bear) to 292.62 ILA (bull), the price of 181.30 ILA 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 53/100 (solid quality), in the Real Estate sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
Afi Properties Ltd reported revenue of 1.6B ILS in FY2025 versus 1.1B ILS in FY2021, a compound +8.6%/yr. Reported net income was 933M ILS in FY2025, compounding +4.3%/yr from FY2021.
Key figures
Market cap 7.7B ILA · P/E ratio 7.3 · P/S ratio 4.24 · EPS (TTM) 24.95 ILA · Net margin 58.4% · Return on equity 12.6% · Return on assets (EBIT) 5.4% · Operating margin 55.9%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 32% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −37% fair-value upside, at −35%, AFPR screens cheaper than that median.
Fair Value models
Bear 117.14 ILAFair Value 117.14 ILABull 292.62 ILA
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (18.25 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.Evidence ⓘEvidence = 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.84/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+6.6%
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.
+11.2%
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.
+11.0%
Start year 2020 (pandemic). Over 10 years: +14.9% 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.
+14.4%
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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.
≈ −2.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year−2.1%
Dividend (yield on the price)0.0%
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.12% vs 10%, 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.20% → 56%
Start year 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 54% 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).
+32.7%
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 +30.0% 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.Real Estate Services · 546 stocks
Beats the industry median on 9/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score54 · Below median
Fair Value upside−35% · Below median
Profitability
Return on equity (TTM)13% · Top 25%
Return on assets2% · Above median
Net margin (TTM)60% · Top 25%
Operating margin (TTM)56% · Top 25%
Growth and dividend
Revenue growth12% · Above median
Balance sheet
Debt / equity1.19× · Highest 25%
Valuation Multiplesvs Real Estate Services median · lower = cheaper
P/E (TTM)7.3× · Cheaper than median
P/B0.31× · Cheapest 25%
P/S (TTM)1.56× · Cheaper than median
P/FCF7.6× · Pricier than median
EV/EBITDA11.8× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 37
FUTURE (revenue growth)61· sector 12
PAST (return on equity)50· sector 16
HEALTH (low debt)41· sector 83
DIVIDEND (yield)0· sector 65
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.
Is Afi Properties Ltd (AFPR) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 117.14 ILA versus a price of 181.30 ILA, about −35% upside (overvalued).
What is the fair value of AFPR?
Our model-based fair value for Afi Properties Ltd is 117.14 ILA (as of Sep 24, 2026), built from audited fundamentals. The current price: 181.30 ILA.
What is the quality score of AFPR?
Afi Properties Ltd has a Quality Score of 53/100. 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 Afi Properties Ltd (AFPR)?
Our model-based price target is the fair value of 117.14 ILA (as of Sep 24, 2026) from 14 valuation models. Cautious scenario 117.14 ILA, optimistic scenario 292.62 ILA. It is a calculation from audited fundamentals, not an analyst target.
What is the Afi Properties Ltd stock forecast for 2026?
Our models put fair value at 117.14 ILA, about −35% upside versus a price of 181.30 ILA (overvalued). Cautious scenario 117.14 ILA, optimistic scenario 292.62 ILA. The calculation is refreshed regularly with new filings.
What is the revenue of Afi Properties Ltd (AFPR)?
Afi Properties Ltd reported trailing-twelve-month revenue of about 1.6B ILS (latest available figure, as of Sep 24, 2026).
What growth is priced into Afi Properties Ltd (AFPR)?
For today's price to be fair in a discounted-cash-flow model, Afi Properties Ltd would have to grow free cash flow by +32.7 % per year for five years (discount rate 10.8 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.0 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of AFPR use?
Our models discount Afi Properties Ltd at 10.8 %: a base by market capitalisation (mid), damped by beta 0.74, 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 Afi Properties Ltd that is +32.7 % per year a year over ten years, using the same discount rate (10.8 %) and the same formula as our fair value.
How much growth has Afi Properties Ltd (AFPR) delivered so far?
Over the past 5 years revenue at Afi Properties Ltd grew +11.0 % a year. The price currently implies +32.7 % per year free-cash-flow growth a 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 Afi Properties Ltd (AFPR) growing?
The median revenue growth in the sector is +1.8 % a year. That is the yardstick for the growth priced into Afi Properties Ltd (+32.7 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Afi Properties Ltd (AFPR)?
The free-cash-flow yield on the price is 4.68 %: that much free cash flow Afi Properties Ltd produces per unit of market value. When it exceeds the discount rate of our models (10.8 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Afi Properties Ltd (AFPR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Afi Properties Ltd it is 117.14 ILA per share (as of Sep 24, 2026), against a price of 181.30 ILA. It is the blended result of 14 valuation models (cash flow, earnings, asset, dividend).
Is Afi Properties Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, AFPR trades above its calculated fair value: price 181.30 ILA, fair value 117.14 ILA, a gap of about −35% (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 AFPR?
No. The price is what the market pays today (181.30 ILA); the fair value is what the company's own numbers justify (117.14 ILA). For Afi Properties Ltd the two are 64.16 ILA per share apart. That gap is exactly why we show both numbers side by side.
How much is Afi Properties Ltd worth?
The market values Afi Properties Ltd at about 7.7B ILA (market capitalisation, as of Sep 24, 2026). Per share that is 181.30 ILA; our models calculate a fair value of 117.14 ILA per share.
What do the bullish and bearish scenarios say about AFPR?
Our models span a range for Afi Properties Ltd: cautious scenario 117.14 ILA, base 117.14 ILA, optimistic 292.62 ILA per share (as of Sep 24, 2026, price 181.30 ILA). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of AFPR?
Afi Properties Ltd trades at a price-to-earnings ratio of 7.3 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 117.14 ILA is built from several models across several years. Other multiples: P/B 0.3, P/S 1.6, EV/EBITDA 11.8.
How solid is the balance sheet of Afi Properties Ltd (AFPR)?
Balance-sheet figures for Afi Properties Ltd (as of Sep 24, 2026): return on equity 12.6%, debt of 1.19 per unit of equity. They feed the Quality Score of 53/100, which measures business quality independently of the share price.
How far is AFPR from its 52-week high?
Afi Properties Ltd trades at 181.30 ILA, about 32% below its 52-week high of 266.00 ILA and 5% above the low of 173.40 ILA (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 117.14 ILA is for.
Which stocks are comparable to Afi Properties Ltd?
From the same area (Real Estate) we also value Vingroup Joint Stock Company, CBRE Group, Vonovia SE, Cellnex Telecom, S.A, 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 Afi Properties Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 181.30 ILA, calculated fair value 117.14 ILA (−35%), Quality Score 53/100, from 14 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 AFPR calculated?
We run Afi Properties Ltd through 14 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 117.14 ILA, 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 14.1 % above its aggregate fair value. Afi Properties Ltd 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 Afi Properties Ltd (AFPR)?
The closing price on Sep 23, 2026 was 181.30 ILA. Our model-based fair value is 117.14 ILA, about −35% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Afi Properties Ltd right now?
Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (117.14 ILA to 292.62 ILA) leaves room in how you read the outcome. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of Afi Properties Ltd (AFPR) come from?
Earnings per share at Afi Properties Ltd grew +5.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +10.8 %, EBIT margin −5.6 %, tax rate +0.5 %, residual (interest, one-offs) +0.8 %. 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 Afi Properties Ltd
How large is the market capitalisation of Afi Properties Ltd (AFPR)?
The market capitalisation of Afi Properties Ltd is 7.7B ILA. 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 Afi Properties Ltd (AFPR)?
The price-to-sales ratio of Afi Properties Ltd is 4.24 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Afi Properties Ltd (AFPR)?
Earnings per share at Afi Properties Ltd are 24.95 ILA (price ÷ EPS = P/E 7.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Afi Properties Ltd (AFPR)?
The net margin of Afi Properties Ltd is 58.4% (fiscal year 2025). 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 Afi Properties Ltd (AFPR)?
The return on equity (ROE) of Afi Properties Ltd is 12.6% (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 Afi Properties Ltd (AFPR)?
On an EBIT basis the return on assets of Afi Properties Ltd is 5.4% (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 Afi Properties Ltd (AFPR)?
The operating margin of Afi Properties Ltd is 55.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Afi Properties Ltd (AFPR)?
Revenue at Afi Properties Ltd is growing +12.2% versus a year earlier (3y avg +11.2%). 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 Afi Properties Ltd (AFPR)?
Earnings per share at Afi Properties Ltd are growing +61.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Afi Properties Ltd (AFPR) carry?
The net debt of Afi Properties Ltd is 11.8B ILA (fiscal year 2025, ≈ 35.5 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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