C I Systems (CISY) fair value: what the stock is really worth
As of Oct 6, 2026: fair value of C I Systems ILS 11.62, price ILS 15.66, upside -25.8%, quality 62 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 6, 2026.
How to read this chart
60‑month range 5.73 ILA – 53.88 ILA · fair‑value band 8.13 ILA – 15.10 ILA · the 15.66 ILA price screens above the 11.62 ILA fair value. 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Oct 6, 2026.
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CI Systems (Israel) Ltd. develops, manufactures, and markets electro-optical precision test and measurement equipment worldwide.
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CI Systems (Israel) Ltd. develops, manufactures, and markets electro-optical precision test and measurement equipment worldwide. It offers various electro-optical test systems, including SWIR cameras, FLIR cameras, day cameras, detector testing systems, laser testing systems, and boresight testing systems; missile warning system testers; optical alignment testers; and integrating sphere systems. The company also provides blackbody radiation sources, such as extended area and cavity black bodies, RAD motorized target wheels, and accessories; and aperture collimators and wide field of view collimators. In addition, the company manufactures and sells infrared radiometric products comprising multi-channel, multi-spectral, dual-band fast, and solar-blind imaging radiometers for remote sensing applications. Further, it offers optical gas imaging solutions; temperature screening cameras, atmospheric transmission measurement systems, spectroradiometers, and circular variable filters; and optical monitoring equipment, including noncontact temperature monitors and liquid monitoring systems for wafers and photovoltaic solar cell manufacturing. The company was incorporated in 1977 and is based in Migdal Haemek, Israel. CI Systems (Israel) Ltd. is a subsidiary of CI Technologies Inc.
Stock analysis
C I Systems (CISY) currently trades at 15.66 ILA, while our model-based Fair Value estimate is 11.62 ILA, 25.8% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 13.41 ILA per share, and 5 of the 26 models we run sit above the 15.66 ILA price.
Bear case: the Dividend Discount group reads lowest at 1.79 ILA, and 21 of the 26 models stay below the price. Evidence for this calculation is medium.
Scenario range: 8.13 ILA (bear) to 15.10 ILA (bull), the price of 15.66 ILA sits above 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 62/100 (solid quality), in the Technology sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
C I Systems reported revenue of $48.5M in FY2025 versus $26.2M in FY2021, a compound +16.6%/yr. Reported net income was $2.0M in FY2025, compounding +16.2%/yr from FY2021.
Key figures
Market cap 170M ILA · P/E ratio 78.2 · P/S ratio 3.30 · EPS (TTM) −0.2200 ILA · Dividend yield 0.3% · Net margin 4.2% · Return on equity −2.5% · Return on assets (EBIT) 8.0%.
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 71% below its 52-week high and 5% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Technology peers we cover trades at −37% fair-value upside, at −26%, CISY screens cheaper than that median.
Fair Value models
Bear 8.13 ILAFair Value 11.62 ILABull 15.10 ILA
Price 15.66 ILA · Upside -25.8%
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.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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+44.3%
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.
+11.3%
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.
+14.6%
Start year 2020 (pandemic). Over 10 years: +9.6% a year
Revenue growth 18 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.
+7.1%
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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.
+12.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+12.4%
Dividend (yield on the price)0.3%
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.12.4% vs 8.1%, picking up
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.5% → 6%
Start year 2020 (pandemic)
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).
+50.4%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (figures in USD, USA: IMF forecast 2.4% a year to 2030, 3.1% from 2016 to 2025) that is about +46.9% 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.Scientific & Technical Instruments · 160 stocks
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.
Cite: Fair Value Calculator (2026). "C I Systems Fair Value". https://www.fairvalue-calculator.com/stock/CISY
Frequently asked questions
Is C I Systems (CISY) overvalued or undervalued?
As of Oct 6, 2026, our model estimates a fair value of 11.62 ILA versus a price of 15.66 ILA, about −26% upside (overvalued).
What is the fair value of CISY?
Our model-based fair value for C I Systems is 11.62 ILA (as of Oct 6, 2026), built from audited fundamentals. The current price: 15.66 ILA.
What is the quality score of CISY?
C I Systems has a Quality Score of 62/100. 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 C I Systems (CISY)?
Our model-based price target is the fair value of 11.62 ILA (as of Oct 6, 2026) from 26 valuation models. Cautious scenario 8.13 ILA, optimistic scenario 15.10 ILA. It is a calculation from audited fundamentals, not an analyst target.
What is the C I Systems stock forecast for 2026?
Our models put fair value at 11.62 ILA, about −26% upside versus a price of 15.66 ILA (overvalued). Cautious scenario 8.13 ILA, optimistic scenario 15.10 ILA. The calculation is refreshed regularly with new filings.
What is the revenue of C I Systems (CISY)?
C I Systems reported trailing-twelve-month revenue of about $51.4M (latest available figure, as of Oct 6, 2026).
Does C I Systems pay a dividend?
C I Systems currently shows a dividend yield of about 0.34% relative to its recent price (as of Oct 6, 2026).
What growth is priced into C I Systems (CISY)?
For today's price to be fair in a discounted-cash-flow model, C I Systems would have to grow free cash flow by +50.4 % per year for five years (discount rate 14.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +14.6 % per year. As of Oct 6, 2026.
What discount rate (WACC) does the fair value of CISY use?
Our models discount C I Systems at 14.6 %: a base by market capitalisation (micro), 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 C I Systems that is +50.4 % per year a year over ten years, using the same discount rate (14.6 %) and the same formula as our fair value.
How much growth has C I Systems (CISY) delivered so far?
Over the past 5 years revenue at C I Systems grew +14.6 % a year. The price currently implies +50.4 % 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 C I Systems (CISY) growing?
The median revenue growth in the sector is +10.3 % a year. That is the yardstick for the growth priced into C I Systems (+50.4 % 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 C I Systems (CISY)?
The free-cash-flow yield on the price is 1.00 %: that much free cash flow C I Systems produces per unit of market value. When it exceeds the discount rate of our models (14.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of C I Systems (CISY)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For C I Systems it is 11.62 ILA per share (as of Oct 6, 2026), against a price of 15.66 ILA. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is C I Systems stock overvalued or undervalued in 2026?
As of Oct 6, 2026, CISY trades above its calculated fair value: price 15.66 ILA, fair value 11.62 ILA, a gap of about −26% (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 CISY?
No. The price is what the market pays today (15.66 ILA); the fair value is what the company's own numbers justify (11.62 ILA). For C I Systems the two are 4.04 ILA per share apart. That gap is exactly why we show both numbers side by side.
How much is C I Systems worth?
The market values C I Systems at about 170M ILA (market capitalisation, as of Oct 6, 2026). Per share that is 15.66 ILA; our models calculate a fair value of 11.62 ILA per share.
What do the bullish and bearish scenarios say about CISY?
Our models span a range for C I Systems: cautious scenario 8.13 ILA, base 11.62 ILA, optimistic 15.10 ILA per share (as of Oct 6, 2026, price 15.66 ILA). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of CISY?
C I Systems trades at a price-to-earnings ratio of 78.2 (as of Oct 6, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 11.62 ILA is built from several models across several years. Other multiples: P/B 2.0, P/S 1.1, EV/EBITDA 34.6.
How solid is the balance sheet of C I Systems (CISY)?
Balance-sheet figures for C I Systems (as of Oct 6, 2026): return on equity −2.5%, debt of 0.00 per unit of equity. They feed the Quality Score of 62/100, which measures business quality independently of the share price.
How far is CISY from its 52-week high?
C I Systems trades at 15.66 ILA, about 71% below its 52-week high of 53.88 ILA and 5% above the low of 14.90 ILA (as of Oct 6, 2026). Distance from the high says nothing about value: that is what the fair value of 11.62 ILA is for.
Which stocks are comparable to C I Systems?
From the same area (Technology) we also value Keysight Technologies, Inc, Coherent Corp, Garmin Ltd, Teledyne Technologies Incorporated, 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 C I Systems stock attractive at the current price?
The data as of Oct 6, 2026: price 15.66 ILA, calculated fair value 11.62 ILA (−26%), Quality Score 62/100, from 26 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 CISY calculated?
We run C I Systems through 26 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 11.62 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 15.4 % above its aggregate fair value. C I Systems 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 C I Systems (CISY)?
The closing price on Oct 6, 2026 was 15.66 ILA. Our model-based fair value is 11.62 ILA, about −26% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with C I Systems right now?
The price sits above even our optimistic bull case (15.10 ILA). The favourable scenario is already priced in. Solid but not exceptional quality (62/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (8.13 ILA to 15.10 ILA) leaves room in how you read the outcome.
Where does the earnings growth of C I Systems (CISY) come from?
Earnings per share at C I Systems grew +15.0 % a year from 2015 to 2025. Broken into its drivers: revenue per share +9.2 %, EBIT margin +3.4 %, tax rate +0.9 %, 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 C I Systems
How large is the market capitalisation of C I Systems (CISY)?
The market capitalisation of C I Systems is 170M 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 C I Systems (CISY)?
The price-to-sales ratio of C I Systems is 3.30 (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 C I Systems (CISY)?
Earnings per share at C I Systems are −0.2200 ILA (price ÷ EPS = P/E 78.2). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of C I Systems (CISY)?
The dividend yield of C I Systems is 0.3%. Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of C I Systems (CISY)?
The net margin of C I Systems is 4.2% (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 C I Systems (CISY)?
The return on equity (ROE) of C I Systems is −2.5% (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 C I Systems (CISY)?
On an EBIT basis the return on assets of C I Systems is 8.0% (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 C I Systems (CISY)?
The operating margin of C I Systems is −9.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at C I Systems (CISY)?
Revenue at C I Systems is growing +10.1% versus a year earlier (3y avg +11.3%). 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 C I Systems (CISY)?
Earnings per share at C I Systems are growing +86.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does C I Systems (CISY) hold?
C I Systems holds more cash than debt, $7.5M net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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