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Hamat Group (HAMAT) Fair Value & Analysis

Industrials · Il · Market cap 561M ILA

HG Hamat Group HAMAT · TA
Price15.29 ILA
Fair Value17.48 ILA
Upside+14.3%
Quality59/100
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Healthy Growth
Thin margins · 3.0% net margin
Low debt · generates free cash flow
Mixed vs. peers (8/14)
Narrow moat 35/100
Evidence: High Range 10.61 ILA – 21.84 ILA Share as image

Fair value as of: Jul 18, 2026

From 26 valuation models · updated 23 days ago

Share price −5.5% over the past month.

A solid business, screening 14% undervalued on our models.

What matters now

  • A fairly wide model range (10.61 ILA to 21.84 ILA) leaves room in how you read the outcome.
  • Our model range runs from 10.61 ILA (bear) to 21.84 ILA (bull), base 17.48 ILA. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 59/100 (solid quality) with high evidence: the data supports the verdict.
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Price vs Fair Value (5 years)

33.28 ILA 8.98 ILA Fair Value 17.48 ILA Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 8.98 ILA – 33.28 ILA · fair‑value band 10.61 ILA – 21.84 ILA · the 15.29 ILA price screens below the 17.48 ILA fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Hamat Group (HAMAT) currently trades at 15.29 ILA, while our model-based Fair Value estimate is 17.48 ILA, implying the stock looks roughly 14.3% undervalued today. The Quality Score stands at 59/100 (solid quality), in the Industrials 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, Hamat Group generated revenue of 937M ILA at a net margin of 3.0%. Revenue declined 7.2% year over year. It earns a return on equity of 5.0%. Net debt stands at 489M ILA. Fundamentals as of Jul 18, 2026

Our scenario range runs from 10.61 ILA (bear case) to 21.84 ILA (bull case); at 15.29 ILA, the current price sits within 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 Industrials peers we cover trades at -33% fair-value upside, at 14%, HAMAT screens cheaper 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 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
Highest evidence
Growth DCF 24.74 ILA 34.42 ILA 46.62 ILA 80
Residual Income 11.13 ILA 11.18 ILA 10.30 ILA 76
Rev-Margin DCF 19.41 ILA 29.15 ILA 40.54 ILA 74
All 26 models by family
DCF Models
FCF DCF 24.62 ILA 35.84 ILA 50.96 ILA 38
Owner Earnings 24.79 ILA 36.09 ILA 51.31 ILA 31
5Y Revenue Exit 19.41 ILA 28.93 ILA 40.85 ILA 39
5Y EBITDA Exit 30.15 ILA 49.14 ILA 71.32 ILA 41
5Y P/E Exit 16.94 ILA 24.28 ILA 31.82 ILA 38
10Y Revenue Exit 20.86 ILA 29.59 ILA 40.98 ILA 36
10Y EBITDA Exit 27.56 ILA 42.45 ILA 62.35 ILA 37
10Y P/E Exit 19.84 ILA 26.63 ILA 34.65 ILA 35
Earnings-Based
Graham-Dodd 5.66 ILA 18.23 ILA 24.32 ILA 54
Lynch FV 4.05 ILA 5.78 ILA 7.52 ILA 50
PEG = 1.0 4.05 ILA 5.78 ILA 7.52 ILA 46
EPV 12.03 ILA 13.64 ILA 14.98 ILA 59
Dividend Discount
Gordon GGM 3.18 ILA 5.73 ILA 7.89 ILA 70
DDM Multi-Stage 3.18 ILA 5.02 ILA 6.12 ILA 61
Multiples
P/E Multiple 13.11 ILA 17.48 ILA 21.84 ILA 63
P/S Multiple 10.61 ILA 14.15 ILA 17.68 ILA 58
P/B Multiple 10.61 ILA 14.15 ILA 17.68 ILA 55
EV/EBIT 23.44 ILA 31.17 ILA 38.90 ILA 53
EV/EBITDA 38.13 ILA 50.75 ILA 63.38 ILA 54
EV/Revenue 16.80 ILA 23.89 ILA 30.99 ILA 43
Asset-Based
NCAV (Graham) 7.58 ILA 10.15 ILA 15.15 ILA 50
Growth DCF
Growth DCF 24.74 ILA 34.42 ILA 46.62 ILA 80
Rev-Margin DCF 19.41 ILA 29.15 ILA 40.54 ILA 74
Economic Profit
Residual Income 11.13 ILA 11.18 ILA 10.30 ILA 76
ROIC Compounder 12.03 ILA 13.64 ILA 14.98 ILA 72
Growth Earnings
Growth-Adj P/E 10.97 ILA 15.67 ILA 20.37 ILA 68

Widest divergence: DCF Models (29.59 ILA) versus Dividend Discount (5.02 ILA). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 937M ILA
Revenue growth (YoY) -7.2%
Net margin 3.0%
Return on equity 5.0%
Free cash flow 94.3M ILA FY2025
P/E ratio 20.4
More key figures
Operating margin 6.5%
EPS (TTM) 0.7500 ILA
EPS growth (YoY) -33.3%
Net debt 489M ILA FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 59/100

Of which business quality 57 · Market factors (momentum, volatility) 40

Profitability 34
Margins and returns on capital today
Quality Growth 53
Are margins and returns improving?
Cashflow 72
Earnings quality: real cash, not paper profit
Fin. Strength 30
Balance sheet, leverage, solvency risk
Investment 94
Disciplined investing over empire-building
Low Volatility 73
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 22
Distance to the 52-week high (market factor)
Net Issuance 81
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

Hamat Group Ltd. engages in the production, development, import, marketing, distribution, and sale of home design and construction finishing products for bathrooms, toilets, and kitchens in Israel and internationally.

Full company description

Hamat Group Ltd. engages in the production, development, import, marketing, distribution, and sale of home design and construction finishing products for bathrooms, toilets, and kitchens in Israel and internationally. The company offers ceramic, marble and porcelain granite tiles, terrazzo floors, marble and stone products, parquet, wood floors, and related products; kitchen and bathroom faucets; shower sets and accessories; sanitary ware, such as toilets, cisterns, bathtubs; and plastic plumbing and sanitation products comprising pipes, pipe fittings, visible flushing tanks, toilet seats, etc. It also provides plastic consumer products for the bathroom and kitchen, including bins, baskets, laundry baskets, etc.; faucets and related accessories, irrigation and gardening accessories, and sanitary ware and related accessories for bathrooms; and complementary fitting products, such as mirrors, racks, soaps, hygiene tools, etc. Hamat Group Ltd. was founded in 1944 and is based in Ashdod, Israel. Hamat Group Ltd. is a subsidiary of Nior Holdings (1994) Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hamat Group reported revenue of 954M ILA in FY2025 versus 824M ILA in FY2021, a compound +3.7%/yr. Reported net income was 30.5M ILA in FY2025, compounding −23.8%/yr from FY2021.

Growth Quality 72/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
954M ILS
Latest YoY
+7.6%
Avg. growth/yr (3Y) 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.
−3.5%
Avg. growth/yr (5Y) 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.
+6.5%
Avg. growth/yr (25Y) 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.
+7.5%
Revenue +3.7%/yr
FY21 824M ILA
FY22 1.1B ILA
FY23 967M ILA
FY24 887M ILA
FY25 954M ILA
Net income −23.8%/yr
FY21 90.4M ILA
FY22 90.5M ILA
FY23 41.3M ILA
FY24 10.2M ILA
FY25 30.5M ILA
Character of growth · EPS growth decomposed (2014-2025) −4.5 % p.a.
Revenue per share +11.4 pp

of which total revenue +13.4 pp · buybacks/dilution −2.0 pp

EBIT margin −9.2 pp
Tax rate −0.4 pp
Residual (interest, one-offs) −6.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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

Peer Group

Building Products & Equipment · 247 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 59 · Above median
Fair Value upside +14% · Above median
Return on equity (TTM) 5% · Below median
Return on assets 3% · Below median
Net margin (TTM) 3% · Below median
Operating margin (TTM) 7% · Above median
Revenue growth -7% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.03× · Lower than median

Valuation Multiples vs Building Products & Equipment median · lower = cheaper

P/E (TTM) 20.4× · Pricier than median
P/B 0.33× · Cheaper than 75% of peers
P/S (TTM) 0.20× · Cheaper than 75% of peers
P/FCF 1.9× · Cheaper than median
EV/EBITDA 1.8× · Cheaper 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 52 · sector 3
FUTURE 0 · sector 9
PAST 20 · sector 23
HEALTH 99 · sector 94
DIVIDEND 0 · sector 28

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.

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10 more Building Products & Equipment stocks, each showing price versus our Fair Value estimate (as of Jul 18, 2026).

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Lennox International Inc LII $543.93 $363.09 -33%
Kingspan Group KRX €87.30 €70.76 -19%
Masco Corporation MAS $78.04 $54.36 -30%
PT Impack Pratama Industri Tbk, IMPC 1,420 IDR 179.76 IDR -87%
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Frequently asked questions

Is Hamat Group (HAMAT) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 17.48 ILA versus a price of 15.29 ILA, about +14% (undervalued).
What is the fair value of HAMAT?
Our model-based fair value for Hamat Group is 17.48 ILA (as of Jul 18, 2026), built from audited fundamentals. The current price is 15.29 ILA.
What is the quality score of HAMAT?
Hamat Group has a Quality Score of 59/100. 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 Hamat Group (HAMAT)?
Hamat Group reported trailing-twelve-month revenue of about 937M ILS (latest available figure, as of Jul 18, 2026).
What is the net profit margin of HAMAT?
The net profit margin of Hamat Group is about 3.0%, meaning it keeps roughly 3.0% 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.

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