Hagag Europe Development ZF Ltd (HGGE) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Hagag Europe Development ZF Ltd ILS 2.92, price ILS 15.13, upside -80.7%, quality 27 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 23, 2026.
How to read this chart
60‑month range 4.36 ILA – 21.84 ILA · fair‑value band 2.60 ILA – 4.63 ILA · the 15.13 ILA price screens above the 2.92 ILA fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 23, 2026.
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Hagag Europe Development Z.F. Ltd engages in the investment and development of real estate properties in Romania. Its projects include residential, office, and commercial projects. The company was incorporated in 2017 and is based in Tel Aviv-Yafo, Israel.
Stock analysis
Hagag Europe Development ZF Ltd (HGGE) currently trades at 15.13 ILA, while our model-based Fair Value estimate is 2.92 ILA, implying the stock looks roughly 417.3% overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of 1.60 ILA per share, and 0 of the 4 models we run sit above the 15.13 ILA price.
Bear case: the Asset-Based group reads lowest at 0.6900 ILA, and 4 of the 4 models stay below the price. Evidence for this calculation is low.
Scenario range: 2.60 ILA (bear) to 4.63 ILA (bull), the price of 15.13 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 27/100 (below-average quality), in the Real Estate sector.
Weak Growth: Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Hagag Europe Development ZF Ltd reported revenue of €16.2M in FY2025 versus €27.9M in FY2021, a compound −12.7%/yr. Reported net income was €8.5M in FY2025.
Key figures
Market cap 1.0B ILA · P/S ratio 49.9 · EPS (TTM) −0.2000 ILA · Net margin 52.2% · Return on equity −4.0% · Return on assets (EBIT) 0.3% · Operating margin −21.4% · Revenue (TTM) €21.6M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).
What moves the price
The share trades about 13% below its 52-week high and 95% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at 54% fair-value upside, at −81%, HGGE screens richer than that median.
Fair Value models
Bear 2.60 ILAFair Value 2.92 ILABull 4.63 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.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.12/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
+223.0%
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.
−7.5%
Revenue growth 7 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.
+109.4%
’18
’19
’21
’22
’23
’24
’25
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.
−3.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year−3.4%
Dividend (yield on the price)0.0%
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.11,153% → −32%
Compare Hagag Europe Development ZF Ltd with another stock
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.Real Estate - Development · 577 stocks
Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score23 · Bottom 25%
Fair Value upside−81% · Bottom 25%
Profitability
Return on assets3% · Top 25%
Net margin (TTM)−16% · Bottom 25%
Operating margin (TTM)−21% · Bottom 25%
Growth and dividend
Revenue growth455% · Top 25%
Balance sheet
Debt / equity1.09× · Highest 25%
Valuation Multiplesvs Real Estate - Development median · lower = cheaper
P/B5.04× · Priciest 25%
P/S (TTM)15.89× · Priciest 25%
EV/EBITDA28.7× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 49
FUTURE (revenue growth)100· sector 0
PAST (return on equity)0· sector 12
HEALTH (low debt)46· sector 83
DIVIDEND (yield)0· sector 56
VALUE 0: the price sits above our fair-value range.
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). "Hagag Europe Development ZF Ltd Fair Value". https://www.fairvalue-calculator.com/stock/HGGE
Frequently asked questions
Is Hagag Europe Development ZF Ltd (HGGE) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 2.92 ILA versus a price of 15.13 ILA, about −81% upside (overvalued).
What is the fair value of HGGE?
Our model-based fair value for Hagag Europe Development ZF Ltd is 2.92 ILA (as of Sep 23, 2026), built from audited fundamentals. The current price: 15.13 ILA.
What is the quality score of HGGE?
Hagag Europe Development ZF Ltd has a Quality Score of 27/100. 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 Hagag Europe Development ZF Ltd (HGGE)?
Our model-based price target is the fair value of 2.92 ILA (as of Sep 23, 2026) from 4 valuation models. Cautious scenario 2.60 ILA, optimistic scenario 4.63 ILA. It is a calculation from audited fundamentals, not an analyst target.
What is the Hagag Europe Development ZF Ltd stock forecast for 2026?
Our models put fair value at 2.92 ILA, about −81% upside versus a price of 15.13 ILA (overvalued). Cautious scenario 2.60 ILA, optimistic scenario 4.63 ILA. The calculation is refreshed regularly with new filings.
What is the revenue of Hagag Europe Development ZF Ltd (HGGE)?
Hagag Europe Development ZF Ltd reported trailing-twelve-month revenue of about €21.6M (latest available figure, as of Sep 23, 2026).
What is the intrinsic value of Hagag Europe Development ZF Ltd (HGGE)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Hagag Europe Development ZF Ltd it is 2.92 ILA per share (as of Sep 23, 2026), against a price of 15.13 ILA. It is the blended result of 4 valuation models (cash flow, earnings, asset, dividend).
Is Hagag Europe Development ZF Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, HGGE trades above its calculated fair value: price 15.13 ILA, fair value 2.92 ILA, a gap of about −81% (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 HGGE?
No. The price is what the market pays today (15.13 ILA); the fair value is what the company's own numbers justify (2.92 ILA). For Hagag Europe Development ZF Ltd the two are 12.21 ILA per share apart. That gap is exactly why we show both numbers side by side.
How much is Hagag Europe Development ZF Ltd worth?
The market values Hagag Europe Development ZF Ltd at about 1.0B ILA (market capitalisation, as of Sep 23, 2026). Per share that is 15.13 ILA; our models calculate a fair value of 2.92 ILA per share.
What do the bullish and bearish scenarios say about HGGE?
Our models span a range for Hagag Europe Development ZF Ltd: cautious scenario 2.60 ILA, base 2.92 ILA, optimistic 4.63 ILA per share (as of Sep 23, 2026, price 15.13 ILA). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Hagag Europe Development ZF Ltd (HGGE)?
Balance-sheet figures for Hagag Europe Development ZF Ltd (as of Sep 23, 2026): return on equity −4.0%, debt of 1.09 per unit of equity. They feed the Quality Score of 27/100, which measures business quality independently of the share price.
How far is HGGE from its 52-week high?
Hagag Europe Development ZF Ltd trades at 15.13 ILA, about 13% below its 52-week high of 17.34 ILA and 95% above the low of 7.77 ILA (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 2.92 ILA is for.
Which stocks are comparable to Hagag Europe Development ZF Ltd?
From the same area (Real Estate) we also value Sun Hung Kai Properties Limited, China Resources Land Limited, Vinhomes Joint Stock Company, CK Asset Holdings, 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 Hagag Europe Development ZF Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price 15.13 ILA, calculated fair value 2.92 ILA (−81%), Quality Score 27/100, from 4 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 HGGE calculated?
We run Hagag Europe Development ZF Ltd through 4 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 2.92 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 13.0 % above its aggregate fair value. Hagag Europe Development ZF Ltd 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 Hagag Europe Development ZF Ltd (HGGE)?
The closing price on Sep 24, 2026 was 15.13 ILA. Our model-based fair value is 2.92 ILA, about −81% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Hagag Europe Development ZF Ltd right now?
The price sits above even our optimistic bull case (4.63 ILA). The favourable scenario is already priced in. Weak quality (27/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Key figures of Hagag Europe Development ZF Ltd
How large is the market capitalisation of Hagag Europe Development ZF Ltd (HGGE)?
The market capitalisation of Hagag Europe Development ZF Ltd is 1.0B 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 Hagag Europe Development ZF Ltd (HGGE)?
The price-to-sales ratio of Hagag Europe Development ZF Ltd is 49.9 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Hagag Europe Development ZF Ltd (HGGE)?
Earnings per share at Hagag Europe Development ZF Ltd are −0.2000 ILA. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Hagag Europe Development ZF Ltd (HGGE)?
The net margin of Hagag Europe Development ZF Ltd is 52.2% (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 Hagag Europe Development ZF Ltd (HGGE)?
The return on equity (ROE) of Hagag Europe Development ZF Ltd is −4.0% (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 Hagag Europe Development ZF Ltd (HGGE)?
On an EBIT basis the return on assets of Hagag Europe Development ZF Ltd is 0.3% (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 Hagag Europe Development ZF Ltd (HGGE)?
The operating margin of Hagag Europe Development ZF Ltd is −21.4% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Hagag Europe Development ZF Ltd (HGGE)?
Revenue at Hagag Europe Development ZF Ltd is growing +455% versus a year earlier (3y avg −7.5%). 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 Hagag Europe Development ZF Ltd (HGGE)?
Earnings per share at Hagag Europe Development ZF Ltd are growing +21.5% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Hagag Europe Development ZF Ltd (HGGE) generate?
The free cash flow of Hagag Europe Development ZF Ltd is −€18.8M (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Hagag Europe Development ZF Ltd (HGGE) carry?
The net debt of Hagag Europe Development ZF Ltd is €119M (fiscal year 2025). 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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