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AFI Properties Ltd (AFPR) Fair Value & Analysis

Real Estate · Il · Market cap 7.7B ILA

AP AFI Properties Ltd AFPR · TA
Price185.90 ILA
Fair Value213.29 ILA
Upside+14.7%
Quality53/100
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Mixed Growth
Highly profitable · 59.7% net margin
Moderate debt · generates free cash flow
Ranks above peers (10/13)
Wide moat 69/100
Evidence: High Range 181.46 ILA – 304.48 ILA Share as image

Fair value as of: Jul 15, 2026

From 16 valuation models · updated 25 days ago

Fair value updated Jul 15, 2026, revised from 213.52 ILA to 213.29 ILA (−0.1%) since Jun 26, 2026. Share price −8.2% over the past month.

A solid business, screening 15% undervalued on our models.

What matters now

  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
  • Our model range runs from 181.46 ILA (bear) to 304.48 ILA (bull), base 213.29 ILA. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 53/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

269.04 ILA 94.11 ILA Fair Value 213.29 ILA Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range 94.11 ILA – 269.04 ILA · fair‑value band 181.46 ILA – 304.48 ILA · the 185.90 ILA price screens below the 213.29 ILA fair value. Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

AFI Properties Ltd (AFPR) currently trades at 185.90 ILA, while our model-based Fair Value estimate is 213.29 ILA, implying the stock looks roughly 14.7% undervalued today. The Quality Score stands at 53/100 (solid quality), in the Real Estate sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, AFI Properties Ltd generated revenue of 1.6B ILA at a net margin of 59.7%. Revenue grew 12.2% year over year. It earns a return on equity of 12.6%. Net debt stands at 11.8B ILA. Fundamentals as of Jul 15, 2026

Our scenario range runs from 181.46 ILA (bear case) to 304.48 ILA (bull case); at 185.90 ILA, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Real Estate peers we cover trades at -2% fair-value upside, at 15%, AFPR screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model BearBaseBull Evidence
Highest evidence
Growth DCF 51.61 ILA 80
Residual Income 177.78 ILA 203.63 ILA 402.72 ILA 76
Rev-Margin DCF 78.51 ILA 230.81 ILA 74
All 16 models by family
DCF Models
FCF DCF 66.20 ILA 38
5Y Revenue Exit 82.57 ILA 253.64 ILA 39
5Y EBITDA Exit 169.89 ILA 381.15 ILA 41
10Y Revenue Exit 38.59 ILA 205.75 ILA 36
10Y EBITDA Exit 100.09 ILA 307.09 ILA 37
Dividend Discount
Gordon GGM 10.60 ILA 21.12 ILA 31.98 ILA 70
DDM Multi-Stage 10.60 ILA 18.25 ILA 22.29 ILA 61
Multiples
P/S Multiple 188.01 ILA 250.67 ILA 313.34 ILA 58
P/B Multiple 287.24 ILA 382.98 ILA 478.73 ILA 55
EV/EBIT 156.57 ILA 274.52 ILA 392.48 ILA 53
EV/EBITDA 78.15 ILA 169.96 ILA 261.78 ILA 54
EV/Revenue 72.66 ILA 153.64 ILA 43
Asset-Based
NCAV (Graham) 99.67 ILA 133.56 ILA 199.35 ILA 50
Growth DCF
Growth DCF 51.61 ILA 80
Rev-Margin DCF 78.51 ILA 230.81 ILA 74
Economic Profit
Residual Income 177.78 ILA 203.63 ILA 402.72 ILA 76

Widest divergence: Multiples (250.67 ILA) versus Dividend Discount (18.25 ILA). Highest evidence: Growth DCF (80).

Key figures & financial health

Revenue (TTM) 1.6B ILA
Revenue growth (YoY) +12.2%
Net margin 59.7%
Return on equity 12.6%
Free cash flow 332M ILA FY2025
P/E ratio 8.0
More key figures
Operating margin 55.9%
EPS (TTM) 24.95 ILA
EPS growth (YoY) +61.5%
Net debt 11.8B ILA FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 50 · Market factors (momentum, volatility) 36

Profitability 39
Margins and returns on capital today
Quality Growth 63
Are margins and returns improving?
Cashflow 65
Earnings quality: real cash, not paper profit
Fin. Strength 24
Balance sheet, leverage, solvency risk
Investment 63
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 22
Price trend over the last 3–12 months (market factor)
52W Momentum 16
Distance to the 52-week high (market factor)
Net Issuance 61
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

AFI Properties Ltd reported revenue of 1.6B ILA in FY2025 versus 1.1B ILA in FY2021, a compound +8.6%/yr. Reported net income was 933M ILA in FY2025, compounding +4.3%/yr from FY2021.

Growth Quality 84/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
1.6B ILS
Latest YoY
+6.6%
Avg. growth/yr (3Y)
+11.2%
Avg. growth/yr (5Y)
+11.0%
Avg. growth/yr (22Y)
+14.4%
Revenue +8.6%/yr
FY21 1.1B ILA
FY22 1.2B ILA
FY23 1.4B ILA
FY24 1.5B ILA
FY25 1.6B ILA
Net income +4.3%/yr
FY21 787M ILA
FY22 585M ILA
FY23 211M ILA
FY24 663M ILA
FY25 933M ILA

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Cite: Fair Value Calculator (2026). "AFI Properties Ltd Fair Value". https://www.fairvalue-calculator.com/stock/AFPR

Peer Group

Real Estate Services · 521 stocks

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.

Quality Score 54 · Below median
Fair Value upside +15% · Above median
Return on equity (TTM) 13% · Top 25%
Return on assets 2% · Above median
Net margin (TTM) 60% · Top 25%
Operating margin (TTM) 56% · Top 25%
Revenue growth 12% · Above median
Debt / equity 1.19× · Higher than 75% of peers

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 7.5× · Cheaper than median
P/B 0.31× · Cheaper than 75% of peers
P/S (TTM) 1.55× · Cheaper than median
P/FCF 7.6× · Pricier than median
EV/EBITDA 11.8× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 53 · sector 37
FUTURE 61 · sector 10
PAST 50 · sector 16
HEALTH 41 · sector 85
DIVIDEND 0 · sector 49

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
Vingroup Joint Stock Company VIC 223,000 VND 25,731 VND -88%
KE Holdings 2423 HK$44.76 HK$18.03 -60%
Swire Properties Limited 1972 HK$23.90 HK$18.75 -22%
Plaza S.A MALLPLAZA 3,725 CLP 5,571 CLP +50%
SAGAA SAGAA kr 170.00 kr 75.55 -56%
Cencosud Shopping S.A CENCOMALLS 2,324 CLP 2,976 CLP +28%
PT Sarana Menara Nusantara Tbk. owns and TOWR 372.00 IDR 1,208 IDR +225%
PT Metropolitan Kentjana Tbk MKPI 20,975 IDR 19,160 IDR -9%
PT Bangun Kosambi Sukses Tbk, CBDK 3,530 IDR 3,464 IDR -2%
IRSA Inversiones y Representaciones Sociedad Anónima, IRSA 2,495 ARS 3,998 ARS +60%

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Frequently asked questions

Is AFI Properties Ltd (AFPR) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 213.29 ILA versus a price of 185.90 ILA, about +15% (undervalued).
What is the fair value of AFPR?
Our model-based fair value for AFI Properties Ltd is 213.29 ILA (as of Jul 15, 2026), built from audited fundamentals. The current price is 185.90 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 revenue of AFI Properties Ltd (AFPR)?
AFI Properties Ltd reported trailing-twelve-month revenue of about 1.6B ILS (latest available figure, as of Jul 15, 2026).
What is the net profit margin of AFPR?
The net profit margin of AFI Properties Ltd is about 59.7%, meaning it keeps roughly 59.7% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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