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Ashtrom Group (ASHG) Fair Value & Analysis

Real Estate · Il · Market cap 7.2B ILA

AG Ashtrom Group ASHG · TA
Price65.13 ILA
Fair Value34.99 ILA
Upside-46.3%
Quality24/100
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Weak Growth
Thin margins · 5.0% net margin
High debt · negative free cash flow
Trails peers (5/13)
Narrow moat 32/100
Evidence: High Range 26.30 ILA – 43.83 ILA Share as image

Fair value as of: Jul 12, 2026

From 12 valuation models · updated 29 days ago

Share price −7.8% 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 (43.83 ILA). The favourable scenario is already priced in.
  • Weak quality (24/100) 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)

94.24 ILA 41.10 ILA Fair Value 34.99 ILA Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range 41.10 ILA – 94.24 ILA · fair‑value band 26.30 ILA – 43.83 ILA · the 65.13 ILA price screens above the 34.99 ILA fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Ashtrom Group (ASHG) currently trades at 65.13 ILA, while our model-based Fair Value estimate is 34.99 ILA, implying the stock looks roughly 46.3% overvalued today. The Quality Score stands at 24/100 (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, Ashtrom Group generated revenue of 4.6B ILA at a net margin of 6.0%. Revenue declined 2.7% year over year. It earns a return on equity of 5.4%. Net debt stands at 14.0B ILA. Fundamentals as of Jul 12, 2026

Our scenario range runs from 26.30 ILA (bear case) to 43.83 ILA (bull case); at 65.13 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%, ASHG 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 37.40 ILA 37.47 ILA 34.91 ILA 76
Gordon GGM 6.30 ILA 10.36 ILA 14.92 ILA 70
Growth-Adj P/E 28.82 ILA 41.17 ILA 53.52 ILA 68
All 12 models by family
Earnings-Based
Graham-Dodd 16.50 ILA 38.25 ILA 49.13 ILA 54
PEG = 1.0 6.47 ILA 9.25 ILA 12.02 ILA 46
Dividend Discount
Gordon GGM 6.30 ILA 10.36 ILA 14.92 ILA 70
DDM Multi-Stage 6.30 ILA 9.14 ILA 12.15 ILA 61
Multiples
P/E Multiple 38.22 ILA 50.96 ILA 63.70 ILA 63
P/S Multiple 30.94 ILA 41.26 ILA 51.57 ILA 58
P/B Multiple 30.94 ILA 41.26 ILA 51.57 ILA 55
EV/EBIT 8.73 ILA 53
EV/EBITDA 5.79 ILA 54
Asset-Based
NCAV (Graham) 24.86 ILA 33.32 ILA 49.73 ILA 50
Economic Profit
Residual Income 37.40 ILA 37.47 ILA 34.91 ILA 76
Growth Earnings
Growth-Adj P/E 28.82 ILA 41.17 ILA 53.52 ILA 68

Widest divergence: Multiples (41.26 ILA) versus Dividend Discount (9.14 ILA). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 4.6B ILA
Revenue growth (YoY) -2.7%
Net margin 5.0%
Return on equity 4.2%
Free cash flow −566M ILA FY2025
P/E ratio 31.2
More key figures
Operating margin 7.9%
EPS (TTM) 2.07 ILA
Dividend yield 0.0%
EPS growth (YoY) +275%
Net debt 14.0B ILA FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 24/100

Of which business quality 22 · Market factors (momentum, volatility) 33

Profitability 20
Margins and returns on capital today
Quality Growth 35
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 11
Balance sheet, leverage, solvency risk
Investment 72
Disciplined investing over empire-building
Low Volatility 75
Calm price path (market factor)
Momentum 21
Price trend over the last 3–12 months (market factor)
52W Momentum 7
Distance to the 52-week high (market factor)
Net Issuance 25
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

Ashtrom Group Ltd. operates as a construction and property company in Israel and internationally. The company also constructs various projects, comprising infrastructures and mega-projects, residential and public buildings, hotels, office blocks, retail, logistic and industrial facilities, industrial building plants, and groundwork and underground …

Full company description

Ashtrom Group Ltd. operates as a construction and property company in Israel and internationally. The company also constructs various projects, comprising infrastructures and mega-projects, residential and public buildings, hotels, office blocks, retail, logistic and industrial facilities, industrial building plants, and groundwork and underground infrastructures, as well as educational, community, and security institutions. It also produces, markets, and sells concrete and mortar products, white autoclaved blocks, gypsum interlocking blocks, waterproofing and insulation systems, adhesives, coatings, cladding materials, and mined and quarried materials for the building industries and the infrastructures sector. In addition, the company operates concession projects, such as public infrastructure, construction, and transport projects; develops land; initiates, builds, and sells housing developments; and initiates, procures, owns, and manages offices and businesses, commerce, industrial and logistics facilities, and hotels, as well as manages and invests in properties. Further, the company operates as an independent power producer. Ashtrom Group Ltd. was founded in 1963 and is based in Bnei Brak, Israel. Ashtrom Group Ltd. is a subsidiary of Unedco United Engineering and Development Company Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ashtrom Group reported revenue of 4.7B ILA in FY2025 versus 4.5B ILA in FY2021, a compound +1.0%/yr. Reported net income was 271M ILA in FY2025, compounding −31.5%/yr from FY2021.

Growth Quality 25/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
4.7B ILS
Latest YoY
+4.3%
Avg. growth/yr (3Y)
−3.3%
Avg. growth/yr (5Y)
+0.1%
Avg. growth/yr (14Y)
+6.5%
Revenue +1.0%/yr
FY21 4.5B ILA
FY22 5.2B ILA
FY23 4.8B ILA
FY24 4.5B ILA
FY25 4.7B ILA
Net income −31.5%/yr
FY21 1.2B ILA
FY22 931M ILA
FY23 31.0M ILA
FY24 170M ILA
FY25 271M ILA

ASHG screens 46% overvalued. Compare with DLF Limited →

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Cite: Fair Value Calculator (2026). "Ashtrom Group Fair Value". https://www.fairvalue-calculator.com/stock/ASHG

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 24 · Bottom 25%
Fair Value upside −46% · Bottom 25%
Return on equity (TTM) 4% · Above median
Return on assets 1% · Above median
Net margin (TTM) 5% · Below median
Operating margin (TTM) 8% · Below median
Revenue growth -3% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 1.99× · Higher than 75% of peers

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

P/E (TTM) 31.2× · Pricier than 75% of peers
P/B 0.42× · Cheaper than median
P/S (TTM) 0.51× · Cheaper than median
EV/EBITDA 22.4× · Pricier than 75% of peers

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 17 · sector 10
HEALTH 1 · 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 12, 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 Ashtrom Group (ASHG) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 34.99 ILA versus a price of 65.13 ILA, about −46% (overvalued).
What is the fair value of ASHG?
Our model-based fair value for Ashtrom Group is 34.99 ILA (as of Jul 12, 2026), built from audited fundamentals. The current price is 65.13 ILA.
What is the quality score of ASHG?
Ashtrom Group has a Quality Score of 24/100. 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 Ashtrom Group (ASHG)?
Ashtrom Group reported trailing-twelve-month revenue of about 4.6B ILS (latest available figure, as of Jul 12, 2026).
What is the net profit margin of ASHG?
The net profit margin of Ashtrom Group is about 6.0%, meaning it keeps roughly 6.0% of revenue as net income. Based on the latest reported figures.
Does Ashtrom Group pay a dividend?
Ashtrom Group currently shows a dividend yield of about 0.01% relative to its recent price (as of Jul 12, 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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