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Blackedge Ltd (BLEG) Fair Value & Analysis

Financial Services · Il · Market cap 549M ILS

BL Blackedge Ltd BLEG · TA
Price336.00 ILS
Fair Value354.15 ILS
Upside+5.4%
Quality95/100
Evidence: High Range 138.81 ILS – 442.68 ILS

Fair value as of: Jun 25, 2026

From 26 valuation models · updated 4 days ago

Share price −2.1% over the past month.

Price vs Fair Value (12 months)

359.87 ILS 240.23 ILS Fair Value 354.15 ILS Jun 2025 Jun 2026

12‑month range 240.23 ILS – 359.87 ILS · fair‑value band 138.81 ILS – 442.68 ILS · the 336.00 ILS price screens below the 354.15 ILS fair value. As of Jun 25, 2026.

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Analysis

Blackedge Ltd (BLEG) currently trades at 336.00 ILS, while our model-based Fair Value estimate is 354.15 ILS — implying the stock looks roughly 5.4% undervalued today. We read business quality at 95/100 (high quality), in the Financial Services 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, Blackedge Ltd generated revenue of 56.8M ILS at a net margin of 41.9%. Revenue declined 39.5% year over year. It earns a return on equity of 11.5%. Net debt stands at 803M ILS. Fundamentals as of Jun 25, 2026

Key figures & financial health

Revenue (TTM) 56.8M ILS
Revenue growth (YoY) -39.5%
Net margin 41.9%
Return on equity 11.5%
Free cash flow 38.9M ILS FY2025
P/E ratio 18.6
More key figures
Operating margin 41.7%
EPS (TTM) 17.70 ILS
EPS growth (YoY) -72.3%
Net debt 803M ILS FY2025

Figures from reported company fundamentals (EODHD) · as of Jun 25, 2026. TTM = trailing twelve months.

About the company

Blackedge Ltd provides financing for business purposes in Israel. It offers financing for residential real estate developers against real estate collateral, including asset and/or project surplus pledges; financing against the receipt of other collateral, such as material collateral, personal guarantees, guarantees from third parties, and current pledges; and credit backed by deferred payments from the credit recipient. The company was formerly known as Michman Finance Ltd and changed its name to Blackedge Ltd in November 2025. Blackedge Ltdwas incorporated in 2015 and is based in Bnei Brak, Israel.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Blackedge Ltd reported revenue of 122M ILS in FY2025 versus 41.4M ILS in FY2021, a compound +30.9%/yr. Reported net income was 29.5M ILS in FY2025, compounding +48.8%/yr from FY2021.

Revenue +30.9%/yr
FY21 41.4M ILS
FY22 108M ILS
FY23 138M ILS
FY24 117M ILS
FY25 122M ILS
Net income +48.8%/yr
FY21 6.0M ILS
FY22 8.0M ILS
FY23 12.1M ILS
FY24 9.7M ILS
FY25 29.5M ILS

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6 more Credit Services stocks, each showing price versus our Fair Value estimate (as of Jun 25, 2026).

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Mastercard Incorporated MA C$29.95 C$17.76 -41%
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American Express Company AXP C$28.87 C$24.27 -16%
Capital One Financial Corporation COF $200.70 $125.08 -38%
Bajaj Finance Limited BAJFINANCE ₹884.10 ₹604.72 -32%

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Frequently asked questions

Is Blackedge Ltd (BLEG) undervalued?
As of Jun 25, 2026, our model estimates a fair value of 354.15 ILS versus a price of 336.00 ILS — about +5% (undervalued). Model-based estimate, not financial advice.
What is the fair value of BLEG?
Our 21-model fair value for Blackedge Ltd is 354.15 ILS (as of Jun 25, 2026), built from audited fundamentals. The current price is 336.00 ILS.
What is the quality score of BLEG?
Blackedge Ltd has a Quality Score of 95/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of Blackedge Ltd (BLEG)?
Blackedge Ltd reported trailing-twelve-month revenue of about 56.8M ILS (latest available figure, as of Jun 25, 2026).
What is the net profit margin of BLEG?
The net profit margin of Blackedge Ltd is about 41.9%, meaning it keeps roughly 41.9% 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.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.