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Ilex Medical Ltd (ILX) Fair Value & Analysis

Healthcare · Il · Market cap 538M ILA

IM Ilex Medical Ltd ILX · TA
Price49.79 ILA
Fair Value94.10 ILA
Upside+89.0%
Quality64/100
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Weak Growth
Thin margins · 5.7% net margin
Low debt · generates free cash flow
Ranks above peers (10/13)
Narrow moat 39/100
Evidence: High Range 64.08 ILA – 117.79 ILA Share as image

Fair value as of: Jul 12, 2026

From 26 valuation models · updated 29 days ago

Share price −1.9% over the past month.

A solid business, screening 89% undervalued on our models.

What matters now

  • The price is below even our cautious bear case (64.08 ILA). The market is more pessimistic than our downside scenario.
  • Solid quality (64/100) at a price below fair value, the discount is the argument here, not the business quality.
  • A fairly wide model range (64.08 ILA to 117.79 ILA) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

151.16 ILA 47.21 ILA Fair Value 94.10 ILA Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

60‑month range 47.21 ILA – 151.16 ILA · fair‑value band 64.08 ILA – 117.79 ILA · the 49.79 ILA price screens below the 94.10 ILA fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Ilex Medical Ltd (ILX) currently trades at 49.79 ILA, while our model-based Fair Value estimate is 94.10 ILA, implying the stock looks roughly 89.0% undervalued today. The Quality Score stands at 64/100 (solid quality), in the Healthcare 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, Ilex Medical Ltd generated revenue of 906M ILA at a net margin of 5.7%. Revenue declined 10.4% year over year. It earns a return on equity of 7.8%. The balance sheet holds a net cash position of 129M ILA. Fundamentals as of Jul 12, 2026

Our scenario range runs from 64.08 ILA (bear case) to 117.79 ILA (bull case); at 49.79 ILA, the current price sits below 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 Healthcare peers we cover trades at -22% fair-value upside, at 89%, ILX 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 51.94 ILA 66.03 ILA 83.68 ILA 80
Residual Income 47.98 ILA 50.24 ILA 52.99 ILA 76
Rev-Margin DCF 56.00 ILA 80.33 ILA 108.35 ILA 74
All 26 models by family
DCF Models
FCF DCF 51.73 ILA 68.00 ILA 89.75 ILA 38
Owner Earnings 78.83 ILA 107.33 ILA 145.44 ILA 31
5Y Revenue Exit 56.00 ILA 80.33 ILA 111.37 ILA 39
5Y EBITDA Exit 82.68 ILA 130.31 ILA 186.22 ILA 41
5Y P/E Exit 73.63 ILA 113.36 ILA 155.19 ILA 38
10Y Revenue Exit 52.63 ILA 73.13 ILA 100.58 ILA 36
10Y EBITDA Exit 69.36 ILA 104.86 ILA 152.84 ILA 37
10Y P/E Exit 64.08 ILA 94.10 ILA 131.17 ILA 35
Earnings-Based
Graham-Dodd 33.77 ILA 106.43 ILA 141.72 ILA 54
Lynch FV 23.32 ILA 33.32 ILA 43.31 ILA 50
PEG = 1.0 23.32 ILA 33.32 ILA 43.31 ILA 46
EPV 42.41 ILA 46.06 ILA 49.09 ILA 59
Dividend Discount
Gordon GGM 9.47 ILA 17.07 ILA 23.50 ILA 70
DDM Multi-Stage 9.47 ILA 14.81 ILA 18.24 ILA 61
Multiples
P/E Multiple 81.93 ILA 109.24 ILA 136.55 ILA 63
P/S Multiple 63.31 ILA 84.41 ILA 105.52 ILA 58
P/B Multiple 63.31 ILA 84.41 ILA 105.52 ILA 55
EV/EBIT 79.45 ILA 100.70 ILA 121.96 ILA 53
EV/EBITDA 114.66 ILA 147.65 ILA 180.64 ILA 54
EV/Revenue 61.20 ILA 80.70 ILA 100.20 ILA 43
Asset-Based
NCAV (Graham) 30.60 ILA 41.00 ILA 61.20 ILA 50
Growth DCF
Growth DCF 51.94 ILA 66.03 ILA 83.68 ILA 80
Rev-Margin DCF 56.00 ILA 80.33 ILA 108.35 ILA 74
Economic Profit
Residual Income 47.98 ILA 50.24 ILA 52.99 ILA 76
ROIC Compounder 42.41 ILA 46.06 ILA 49.09 ILA 72
Growth Earnings
Growth-Adj P/E 67.71 ILA 96.73 ILA 125.75 ILA 68

Widest divergence: Growth Earnings (96.73 ILA) versus Dividend Discount (14.81 ILA). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 906M ILA
Revenue growth (YoY) -10.4%
Net margin 5.7%
Return on equity 7.8%
Free cash flow 42.8M ILA FY2025
P/E ratio 10.6
More key figures
Operating margin 3.7%
EPS (TTM) 4.60 ILA
Dividend yield 0.0%
EPS growth (YoY) -45.7%
Net cash 129M ILA FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 64/100

Of which business quality 64 · Market factors (momentum, volatility) 39

Profitability 45
Margins and returns on capital today
Quality Growth 50
Are margins and returns improving?
Cashflow 41
Earnings quality: real cash, not paper profit
Fin. Strength 92
Balance sheet, leverage, solvency risk
Investment 86
Disciplined investing over empire-building
Low Volatility 88
Calm price path (market factor)
Momentum 20
Price trend over the last 3–12 months (market factor)
52W Momentum 17
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

Ilex Medical Ltd engages in the import, marketing, distribution and sale of medical laboratory equipment and various diagnostic products, diagnostic systems, and kits and consumables in Israel, the United States, and internationally.

Full company description

Ilex Medical Ltd engages in the import, marketing, distribution and sale of medical laboratory equipment and various diagnostic products, diagnostic systems, and kits and consumables in Israel, the United States, and internationally. The company also provides laboratory services, as well as is involved in the development, production, marketing and sale of software systems for information management in medical laboratories. Its products are used for performing tests in hospital medical laboratories, blood banks and health insurance funds, as well as for providing application and technical services to users. Ilex Medical Ltd was incorporated in 1990 and is based in Petah Tikva, Israel.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Ilex Medical Ltd reported revenue of 931M ILA in FY2025 versus 1.1B ILA in FY2021, a compound −3.2%/yr. Reported net income was 55.6M ILA in FY2025, compounding −27.2%/yr from FY2021.

Growth Quality 40/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
931M ILS
Latest YoY
+1.1%
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.
+2.2%
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.
−0.3%
Avg. growth/yr (18Y) 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.
+8.9%
Revenue −3.2%/yr
FY21 1.1B ILA
FY22 873M ILA
FY23 931M ILA
FY24 920M ILA
FY25 931M ILA
Net income −27.2%/yr
FY21 197M ILA
FY22 102M ILA
FY23 50.9M ILA
FY24 39.0M ILA
FY25 55.6M ILA
Character of growth · EPS growth decomposed (2014-2025) +5.5 % p.a.
Revenue per share +6.2 pp

of which total revenue +7.5 pp · buybacks/dilution −1.3 pp

EBIT margin −0.9 pp
Tax rate +0.1 pp
Residual (interest, one-offs) +0.0 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). "Ilex Medical Ltd Fair Value". https://www.fairvalue-calculator.com/stock/ILX

Peer Group

Medical Devices · 352 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 64 · Top 25%
Fair Value upside +89% · Top 25%
Return on equity (TTM) 8% · Above median
Return on assets 3% · Above median
Net margin (TTM) 6% · Above median
Operating margin (TTM) 4% · Below median
Revenue growth -10% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%

Valuation Multiples vs Medical Devices median · lower = cheaper

P/E (TTM) 10.5× · Cheaper than 75% of peers
P/B 0.26× · Cheaper than 75% of peers
P/S (TTM) 0.19× · Cheaper than 75% of peers
P/FCF 4.1× · Cheaper than median

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 100 · sector 0
FUTURE 0 · sector 29
PAST 31 · sector 8
HEALTH 100 · sector 97
DIVIDEND 1 · sector 38

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.

Similar stocks

10 more Medical Devices stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Abbott Laboratories, ABT $100.68 $74.79 -26%
Stryker Corporation SYK $316.44 $186.28 -41%
Medtronic plc MDT $83.56 $65.57 -22%
Boston Scientific Corporation BSX $43.04 $38.44 -11%
Edwards Lifesciences Corporation EW $85.73 $41.02 -52%
Siemens Healthineers AG SHL €34.59 €33.87 -2%
Shenzhen Mindray Bio-Medical Electronics Co 300760 ¥149.43 ¥147.63 -1%
Shanghai United Imaging Healthcare Co 688271 ¥109.00 ¥43.60 -60%
Demant A/S DEMANT kr 276.60 kr 161.17 -42%
Getinge AB GETIB kr 206.80 kr 192.14 -7%

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Frequently asked questions

Is Ilex Medical Ltd (ILX) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 94.10 ILA versus a price of 49.79 ILA, about +89% (undervalued).
What is the fair value of ILX?
Our model-based fair value for Ilex Medical Ltd is 94.10 ILA (as of Jul 12, 2026), built from audited fundamentals. The current price is 49.79 ILA.
What is the quality score of ILX?
Ilex Medical Ltd has a Quality Score of 64/100. 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 Ilex Medical Ltd (ILX)?
Ilex Medical Ltd reported trailing-twelve-month revenue of about 906M ILS (latest available figure, as of Jul 12, 2026).
What is the net profit margin of ILX?
The net profit margin of Ilex Medical Ltd is about 5.7%, meaning it keeps roughly 5.7% of revenue as net income. Based on the latest reported figures.
Does Ilex Medical Ltd pay a dividend?
Ilex Medical Ltd currently shows a dividend yield of about 0.04% relative to its recent price (as of Jul 12, 2026).

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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