Dor Alon (DRAL) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Dor Alon ILS 231, price ILS 175, upside +31.7%, quality 51 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 54.21 ILA – 247.20 ILA · fair‑value band 167.23 ILA – 271.70 ILA · the 175.30 ILA price screens below the 230.94 ILA fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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Dor Alon Energy In Israel (1988) Ltd develops, constructs, and operates fueling complexes and commercial centers in Israel.
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Dor Alon Energy In Israel (1988) Ltd develops, constructs, and operates fueling complexes and commercial centers in Israel. The company operates gas stations under the Dor Alon brand; electric vehicle charging stations under the Ultra Speed and Speed brands; convenience stores under the Alonit, Mini Super Alonit, AM:PM, the Moshav, Alonit on the Kibbutz, and Super Alonit brands; and a coffee shop chain under the Si brand. It also produces and markets fuel and oil under the ARAL and Texaco brands. In addition, the company engages in the marketing of LPG and natural gas to institutional customers, as well as jet fuel to foreign and domestic airlines. Further, it offers Speed Wash, which provides car wash services; Speedomat, a computerized refueling system; and SpeedCASH cards for fuel payments. The company was incorporated in 1988 and is headquartered in Yakum, Israel. Dor Alon Energy In Israel (1988) Ltd operates as a subsidiary of Alon Blue Square Israel Ltd.
Stock analysis
Dor Alon (DRAL) currently trades at 175.30 ILA, while our model-based Fair Value estimate is 230.94 ILA, implying the stock looks roughly 24.1% undervalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 267.37 ILA per share, and 12 of the 24 models we run sit above the 175.30 ILA price.
Bear case: the Dividend Discount group reads lowest at 54.80 ILA, and 12 of the 24 models stay below the price. Evidence for this calculation is high.
Scenario range: 167.23 ILA (bear) to 271.70 ILA (bull), the price of 175.30 ILA sits inside 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 51/100 (solid quality), in the Consumer Cyclical sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Dor Alon reported revenue of 6.4B ILS in FY2025 versus 4.9B ILS in FY2021, a compound +7.0%/yr. Reported net income was 249M ILS in FY2025, compounding +4.5%/yr from FY2021.
Key figures
Market cap 2.8B ILA · P/E ratio 10.5 · P/S ratio 0.41 · EPS (TTM) 16.63 ILA · Dividend yield 3.6% · Net margin 3.9% · Return on equity 16.5% · Return on assets (EBIT) 3.6%.
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 29% below its 52-week high and 35% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −1% fair-value upside, at 32%, DRAL screens cheaper than that median.
Fair Value models
Bear 167.23 ILAFair Value 230.94 ILABull 271.70 ILA
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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (7.54 ILS per share) are deliberately not added.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.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.40/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−5.5%
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.
−7.8%
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.
+15.4%
Start year 2020 (pandemic). Over 10 years: +4.8% a year
Revenue growth 21 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.
+2.5%
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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. Basis: EBIT basis.
≈ −2.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−6.0%
Dividend (yield on the price)3.6%
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.11% vs 19%, slowing
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.6% → 3%
Start year 2020 (pandemic)
⚠ Rate on operating basis: 2025 sits 275% above its own trend.
Growth Forecast
Little optimism in the price
The price assumes less 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).
+8.0%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (Israel: IMF forecast 2.1% a year to 2030, 1.7% from 2016 to 2025) that is about +5.8% 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.Specialty Retail · 230 stocks
Beats the industry median on 8/14 measures
A mixed picture versus its industry peers.
Valuation
Quality Score51 · Below median
Fair Value upside+32% · Above median
Profitability
Return on equity (TTM)17% · Top 25%
Return on assets2% · Below median
Net margin (TTM)4% · Above median
Operating margin (TTM)3% · Below median
Growth and dividend
Revenue growth−7% · Bottom 25%
Dividend yield (TTM)3.6% · Above median
Balance sheet
Debt / equity0.59× · Highest 25%
Valuation Multiplesvs Specialty Retail median · lower = cheaper
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Cite: Fair Value Calculator (2026). "Dor Alon Fair Value". https://www.fairvalue-calculator.com/stock/DRAL
Frequently asked questions
Is Dor Alon (DRAL) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 230.94 ILA versus a price of 175.30 ILA, about +32% upside (undervalued).
What is the fair value of DRAL?
Our model-based fair value for Dor Alon is 230.94 ILA (as of Sep 24, 2026), built from audited fundamentals. The current price: 175.30 ILA.
What is the quality score of DRAL?
Dor Alon has a Quality Score of 51/100. 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 Dor Alon (DRAL)?
Our model-based price target is the fair value of 230.94 ILA (as of Sep 24, 2026) from 24 valuation models. Cautious scenario 167.23 ILA, optimistic scenario 271.70 ILA. It is a calculation from audited fundamentals, not an analyst target.
What is the Dor Alon stock forecast for 2026?
Our models put fair value at 230.94 ILA, about +32% upside versus a price of 175.30 ILA (undervalued). Cautious scenario 167.23 ILA, optimistic scenario 271.70 ILA. The calculation is refreshed regularly with new filings.
What is the revenue of Dor Alon (DRAL)?
Dor Alon reported trailing-twelve-month revenue of about 6.3B ILS (latest available figure, as of Sep 24, 2026).
Does Dor Alon pay a dividend?
Dor Alon currently shows a dividend yield of about 3.60% relative to its recent price (as of Sep 24, 2026).
What growth is priced into Dor Alon (DRAL)?
For today's price to be fair in a discounted-cash-flow model, Dor Alon would have to grow free cash flow by +8.0 % per year for five years (discount rate 11.6 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +15.4 % per year. As of Sep 24, 2026.
What discount rate (WACC) does the fair value of DRAL use?
Our models discount Dor Alon at 11.6 %: a base by market capitalisation (small), damped by beta 0.11, 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 Dor Alon that is +8.0 % per year a year over ten years, using the same discount rate (11.6 %) and the same formula as our fair value.
How much growth has Dor Alon (DRAL) delivered so far?
Over the past 5 years revenue at Dor Alon grew +15.4 % a year. The price currently implies +8.0 % 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 Dor Alon (DRAL) growing?
The median revenue growth in the sector is +2.6 % a year. That is the yardstick for the growth priced into Dor Alon (+8.0 % 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 Dor Alon (DRAL)?
The free-cash-flow yield on the price is 11.59 %: that much free cash flow Dor Alon produces per unit of market value. When it exceeds the discount rate of our models (11.6 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Dor Alon (DRAL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Dor Alon it is 230.94 ILA per share (as of Sep 24, 2026), against a price of 175.30 ILA. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is Dor Alon stock overvalued or undervalued in 2026?
As of Sep 24, 2026, DRAL trades below its calculated fair value: price 175.30 ILA, fair value 230.94 ILA, a gap of about +32% (undervalued). 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 DRAL?
No. The price is what the market pays today (175.30 ILA); the fair value is what the company's own numbers justify (230.94 ILA). For Dor Alon the two are 55.64 ILA per share apart. That gap is exactly why we show both numbers side by side.
How much is Dor Alon worth?
The market values Dor Alon at about 2.8B ILA (market capitalisation, as of Sep 24, 2026). Per share that is 175.30 ILA; our models calculate a fair value of 230.94 ILA per share.
What do the bullish and bearish scenarios say about DRAL?
Our models span a range for Dor Alon: cautious scenario 167.23 ILA, base 230.94 ILA, optimistic 271.70 ILA per share (as of Sep 24, 2026, price 175.30 ILA). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of DRAL?
Dor Alon trades at a price-to-earnings ratio of 10.5 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 230.94 ILA is built from several models across several years. Other multiples: P/B 0.6, P/S 0.1, EV/EBITDA 6.2.
How solid is the balance sheet of Dor Alon (DRAL)?
Balance-sheet figures for Dor Alon (as of Sep 24, 2026): return on equity 16.5%, debt of 0.59 per unit of equity. They feed the Quality Score of 51/100, which measures business quality independently of the share price.
How far is DRAL from its 52-week high?
Dor Alon trades at 175.30 ILA, about 29% below its 52-week high of 247.20 ILA and 35% above the low of 129.50 ILA (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 230.94 ILA is for.
Which stocks are comparable to Dor Alon?
From the same area (Consumer Cyclical) we also value Alimentation Couche-Tard Inc, Casey's General Stores, Inc, Williams-Sonoma, Inc, Ulta Beauty, Inc, 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 Dor Alon stock attractive at the current price?
The data as of Sep 24, 2026: price 175.30 ILA, calculated fair value 230.94 ILA (+32%), Quality Score 51/100, from 24 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 DRAL calculated?
We run Dor Alon through 24 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 230.94 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 14.1 % above its aggregate fair value. Dor Alon currently trades 32 % below its own fair value, and the market average says nothing about that. 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 Dor Alon (DRAL)?
The closing price on Sep 23, 2026 was 175.30 ILA. Our model-based fair value is 230.94 ILA, about +32% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Dor Alon right now?
Solid quality (51/100) at a price below fair value, the discount is the argument here, not the business quality. The price sits in the lower half of our model range, the side with the larger margin of safety. The data supports the verdict: every model runs on fully documented inputs.
Where does the earnings growth of Dor Alon (DRAL) come from?
Earnings per share at Dor Alon grew +12.3 % a year from 2014 to 2025. Broken into its drivers: revenue per share +5.3 %, EBIT margin −2.0 %, tax rate +1.1 %, residual (interest, one-offs) +7.7 %. 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 Dor Alon
How large is the market capitalisation of Dor Alon (DRAL)?
The market capitalisation of Dor Alon is 2.8B 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 Dor Alon (DRAL)?
The price-to-sales ratio of Dor Alon is 0.41 (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 Dor Alon (DRAL)?
Earnings per share at Dor Alon are 16.63 ILA (price ÷ EPS = P/E 10.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Dor Alon (DRAL)?
The dividend yield of Dor Alon is 3.6% (payout 38.0%). 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 Dor Alon (DRAL)?
The net margin of Dor Alon is 3.9% (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 Dor Alon (DRAL)?
The return on equity (ROE) of Dor Alon is 16.5% (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 Dor Alon (DRAL)?
On an EBIT basis the return on assets of Dor Alon is 3.6% (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 Dor Alon (DRAL)?
The operating margin of Dor Alon is 2.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Dor Alon (DRAL)?
Revenue at Dor Alon is growing −7.0% versus a year earlier (3y avg −7.8%). 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 Dor Alon (DRAL)?
Earnings per share at Dor Alon are growing +72.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Dor Alon (DRAL) carry?
The net debt of Dor Alon is 4.2B ILA (fiscal year 2025, ≈ 13.1 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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