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Africa Israel Residences Ltd (AFRE) Fair Value & Analysis

Real Estate · Il · Market cap 2.6B ILA

AI Africa Israel Residences Ltd AFRE · TA
Price214.90 ILA
Fair Value115.02 ILA
Upside-46.5%
Quality39/100
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Mixed Growth
Highly profitable · 21.4% net margin
Low debt · negative free cash flow
Mixed vs. peers (6/13)
Moderate moat 52/100
Evidence: High Range 115.02 ILA – 178.10 ILA Share as image

Fair value as of: Jul 13, 2026

From 9 valuation models · updated 27 days ago

Share price −6.4% over the past month.

Below-average quality, and screening another 46% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (178.10 ILA). The favourable scenario is already priced in.
  • Weak quality (39/100) and above fair value at the same time, the margin of safety is missing on both counts.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

317.36 ILA 113.30 ILA Fair Value 115.02 ILA Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range 113.30 ILA – 317.36 ILA · fair‑value band 115.02 ILA – 178.10 ILA · the 214.90 ILA price screens above the 115.02 ILA fair value. Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

Africa Israel Residences Ltd (AFRE) currently trades at 214.90 ILA, while our model-based Fair Value estimate is 115.02 ILA, implying the stock looks roughly 46.5% overvalued today. The Quality Score stands at 39/100 (below-average quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Africa Israel Residences Ltd generated revenue of 925M ILA at a net margin of 21.4%. Revenue declined 0.1% year over year. It earns a return on equity of 10.0%. Net debt stands at 1.7B ILA. Fundamentals as of Jul 13, 2026

Our scenario range runs from 115.02 ILA (bear case) to 178.10 ILA (bull case); at 214.90 ILA, the current price sits above 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 32% fair-value upside, at -46%, AFRE screens richer 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
Residual Income 135.54 ILA 149.32 ILA 210.11 ILA 76
Gordon GGM 48.53 ILA 69.18 ILA 89.84 ILA 70
DDM Multi-Stage 48.53 ILA 67.44 ILA 88.46 ILA 61
All 9 models by family
Dividend Discount
Gordon GGM 48.53 ILA 69.18 ILA 89.84 ILA 70
DDM Multi-Stage 48.53 ILA 67.44 ILA 88.46 ILA 61
Multiples
P/S Multiple 196.79 ILA 262.38 ILA 327.98 ILA 58
P/B Multiple 196.79 ILA 262.38 ILA 327.98 ILA 55
EV/EBIT 143.45 ILA 206.53 ILA 269.60 ILA 53
EV/EBITDA 104.87 ILA 155.09 ILA 205.30 ILA 54
EV/Revenue 58.58 ILA 103.31 ILA 148.04 ILA 43
Asset-Based
NCAV (Graham) 78.61 ILA 105.34 ILA 157.22 ILA 50
Economic Profit
Residual Income 135.54 ILA 149.32 ILA 210.11 ILA 76

Widest divergence: Multiples (206.53 ILA) versus Dividend Discount (67.44 ILA). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 925M ILA
Revenue growth (YoY) -0.1%
Net margin 21.4%
Return on equity 10.0%
Free cash flow −220M ILA FY2025
P/E ratio 13.5
More key figures
Operating margin 15.2%
EPS (TTM) 15.55 ILA
Dividend yield 0.0%
EPS growth (YoY) +7.7%
Net debt 1.7B ILA FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 39/100

Of which business quality 36 · Market factors (momentum, volatility) 32

Profitability 36
Margins and returns on capital today
Quality Growth 31
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 33
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 65
Calm price path (market factor)
Momentum 19
Price trend over the last 3–12 months (market factor)
52W Momentum 15
Distance to the 52-week high (market factor)
Net Issuance 77
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

Africa Israel Residences Ltd develops and sells residential units under the Savyonim brand in Israel. It is involved in the initiation, planning, development, construction, and marketing of residential housing units; establishment, management, and maintenance of rental housing projects and the provision of services.

Full company description

Africa Israel Residences Ltd develops and sells residential units under the Savyonim brand in Israel. It is involved in the initiation, planning, development, construction, and marketing of residential housing units; establishment, management, and maintenance of rental housing projects and the provision of services. The company also engages in constructing and operating commercial properties for rental. Africa Israel Residences Ltd was incorporated in 1960 and is based in Or Yehuda, Israel. Africa Israel Residences Ltd is a subsidiary of Africa Israel Trade and Agencies Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Africa Israel Residences Ltd reported revenue of 925M ILA in FY2025 versus 1.1B ILA in FY2021, a compound −4.5%/yr. Reported net income was 196M ILA in FY2025, compounding −2.9%/yr from FY2021.

Growth Quality 55/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
925M ILS
Latest YoY
−4.3%
Avg. growth/yr (3Y)
−1.3%
Avg. growth/yr (5Y)
−7.2%
Avg. growth/yr (17Y)
+4.4%
Revenue −4.5%/yr
FY21 1.1B ILA
FY22 963M ILA
FY23 1.1B ILA
FY24 966M ILA
FY25 925M ILA
Net income −2.9%/yr
FY21 220M ILA
FY22 202M ILA
FY23 171M ILA
FY24 218M ILA
FY25 196M ILA

AFRE screens 46% overvalued. Compare with DLF Limited →

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Cite: Fair Value Calculator (2026). "Africa Israel Residences Ltd Fair Value". https://www.fairvalue-calculator.com/stock/AFRE

Peer Group

Real Estate - Development · 588 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 40 · Below median
Fair Value upside −47% · Bottom 25%
Return on equity (TTM) 10% · Top 25%
Return on assets 2% · Above median
Net margin (TTM) 21% · Top 25%
Operating margin (TTM) 15% · Above median
Revenue growth -0% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.40× · Higher than median

Valuation Multiples vs Real Estate - Development median · lower = cheaper

P/E (TTM) 13.4× · Pricier than median
P/B 0.43× · Cheaper than median
P/S (TTM) 0.93× · Pricier than median
EV/EBITDA 10.2× · Pricier 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 0 · sector 48
FUTURE 0 · sector 0
PAST 40 · sector 10
HEALTH 80 · sector 84
DIVIDEND 0 · sector 38

VALUE 0: the price sits above our fair-value range.

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 - Development stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
DLF Limited DLF ₹657.75 ₹159.49 -76%
Lodha Developers Limited LODHA ₹1,188 ₹583.43 -51%
PT Pantai Indah Kapuk Dua Tbk, PANI 6,125 IDR 1,330 IDR -78%
Oberoi Realty Limited OBEROIRLTY ₹1,925 ₹1,183 -39%
Godrej Properties Limited GODREJPROP ₹2,102 ₹1,044 -50%
PT Jaya Real Property, Tbk., JRPT 1,080 IDR 1,674 IDR +55%
PT Bumi Serpong Damai Tbk, BSDE 555.00 IDR 1,388 IDR +150%
PT Sentul City Tbk, BKSL 64.00 IDR 84.16 IDR +32%
PT Ciputra Development Tbk, CTRA 555.00 IDR 1,388 IDR +150%
PT Duta Pertiwi Tbk DUTI 4,100 IDR 6,239 IDR +52%

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Frequently asked questions

Is Africa Israel Residences Ltd (AFRE) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of 115.02 ILA versus a price of 214.90 ILA, about −46% (overvalued).
What is the fair value of AFRE?
Our model-based fair value for Africa Israel Residences Ltd is 115.02 ILA (as of Jul 13, 2026), built from audited fundamentals. The current price is 214.90 ILA.
What is the quality score of AFRE?
Africa Israel Residences Ltd has a Quality Score of 39/100. 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 Africa Israel Residences Ltd (AFRE)?
Africa Israel Residences Ltd reported trailing-twelve-month revenue of about 925M ILS (latest available figure, as of Jul 13, 2026).
What is the net profit margin of AFRE?
The net profit margin of Africa Israel Residences Ltd is about 21.4%, meaning it keeps roughly 21.4% of revenue as net income. Based on the latest reported figures.
Does Africa Israel Residences Ltd pay a dividend?
Africa Israel Residences Ltd currently shows a dividend yield of about 0.02% relative to its recent price (as of Jul 13, 2026).

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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