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IMCO Industries Ltd (IMCO) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of IMCO Industries Ltd ILS 39.02, price ILS 25.09, upside +55.5%, quality 47 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.

  1. Fair value above price? Yes
  2. Good quality? No
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Industrials · Il · ISIN IL0002820129

II Broad data Sep 23, 2026

IMCO Industries Ltd

IMCO · TA

Cheap, value-trap riskThe stock looks deeply undervalued, but low quality raises value-trap risk.

✓Fair value 39.02 ILA · Strongly undervalued (+56%)
!Quality 47/100
!Expensive Growth (revenue 5y +16.7 %/yr)
!Thin margins · 6.0% net margin (TTM)
!Low debt · negative free cash flow
✓Ranks above peers (11/13)
!Moderate moat 54/100
!Insider activity 40/100

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

Price vs Fair Value

118.40 ILA 8.49 ILA Fair Value 39.02 ILA May 2021 Sep 2026

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 8.49 ILA – 118.40 ILA · fair‑value band 25.67 ILA – 57.22 ILA · the 25.09 ILA price screens below the 39.02 ILA fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. Dashed = 300-day average. As of Sep 23, 2026.

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Company profile

IMCO Industries Ltd. engages in the development, planning, and production of military equipment for naval and armament use in Israel, the United States, and Romania. The company operates through Security, Civil, and Other segments.

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IMCO Industries Ltd. engages in the development, planning, and production of military equipment for naval and armament use in Israel, the United States, and Romania. The company operates through Security, Civil, and Other segments. It offers land solutions, including situational awareness systems, platform monitoring and control, remote controlled weapon systems, protection systems, power systems, driver assistance, and wire harnesses; air solutions comprising glass cockpit, mission computers and displays, early warning mission display, platform cable interconnection, and systems life cycle maintenance; and sea solutions that include displays and recorders, weapon system control and sight systems, platform cable interconnection, and systems life cycle maintenance. The company also provides missile and air defense solutions, such as gimbals, cabling, and harnesses; warfighter interfaces and control units; and power distribution systems. In addition, it offers turnkey solutions, including system design, manufacturing, testing, delivery, and post-sales services for medical, semiconductors, industrial, and homeland security. The company was incorporated in 1974 and is headquartered in Caesarea, Israel. IMCO Industries Ltd. operates as a subsidiary of Josef Yakir Investments & Assets Ltd.

Stock analysis

IMCO Industries Ltd (IMCO) currently trades at 25.09 ILA, while our model-based Fair Value estimate is 39.02 ILA, implying the stock looks roughly 35.7% undervalued today.

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Valuation

Bull case: the Multiples group reads highest at a median of 88.44 ILA per share, and 16 of the 17 models we run sit above the 25.09 ILA price.

Bear case: the Asset-Based group reads lowest at 16.49 ILA, and 1 of the 17 models stay below the price. Evidence for this calculation is high.

Scenario range: 25.67 ILA (bear) to 57.22 ILA (bull), the price of 25.09 ILA sits below 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 47/100 (below-average quality), in the Industrials sector.

Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.

IMCO Industries Ltd reported revenue of 355M ILS in FY2025 versus 196M ILS in FY2021, a compound +16.0%/yr. Reported net income was 21.2M ILS in FY2025, compounding +93.5%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.

Key figures

Market cap 212M ILA · P/E ratio 6.1 · P/S ratio 0.37 · EPS (TTM) 4.11 ILA · Dividend yield 5.9% · Net margin 6.0% · Return on equity 17.6% · Return on assets (EBIT) 6.4%.

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 79% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.

For context, the median of 10 Industrials peers we cover trades at −20% fair-value upside, at 56%, IMCO screens cheaper than that median.

Fair Value models

Bear 25.67 ILA Fair Value 39.02 ILA Bull 57.22 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 (3.01 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.
Highest evidence
Owner Earnings 53.80 ILA 82.88 ILA 123.31 ILA 76
EPV 46.18 ILA 51.74 ILA 56.25 ILA 74
Residual Income 23.37 ILA 28.26 ILA 50.66 ILA 73
All 17 models by family
DCF Models
Owner Earnings 53.80 ILA 82.88 ILA 123.31 ILA 76
Earnings-Based
Graham-Dodd 28.64 ILA 122.14 ILA 166.81 ILA 64
Lynch FV 31.19 ILA 44.56 ILA 57.93 ILA 61
PEG = 1.0 31.19 ILA 44.56 ILA 57.93 ILA 57
EPV 46.18 ILA 51.74 ILA 56.25 ILA 74
Dividend Discount
Gordon GGM 17.25 ILA 28.89 ILA 37.50 ILA 68
DDM Multi-Stage 17.25 ILA 27.40 ILA 31.08 ILA 67
Multiples
P/E Multiple 66.33 ILA 88.44 ILA 110.55 ILA 63
P/S Multiple 53.70 ILA 71.60 ILA 89.49 ILA 58
P/B Multiple 53.70 ILA 71.60 ILA 89.49 ILA 55
EV/EBIT 99.50 ILA 132.73 ILA 165.95 ILA 66
EV/EBITDA 93.05 ILA 124.12 ILA 155.19 ILA 67
EV/Revenue 70.97 ILA 101.46 ILA 131.95 ILA 53
Asset-Based
NCAV (Graham) 12.31 ILA 16.49 ILA 24.61 ILA 54
Economic Profit
Residual Income 23.37 ILA 28.26 ILA 50.66 ILA 73
ROIC Compounder 50.06 ILA 61.11 ILA 73.55 ILA 72
Growth Earnings
Growth-Adj P/E 52.46 ILA 74.94 ILA 97.43 ILA 67

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Quality Score breakdown

Overall quality 47/100

Of which business quality 45 · Market factors (momentum, volatility) 15

Profitability 50
Margins and returns on capital today
Quality Growth 57
Are margins and returns improving?
Cashflow 12
Earnings quality: real cash, not paper profit
Fin. Strength 45
Balance sheet, leverage, solvency risk
Investment 53
Disciplined investing over empire-building
Low Volatility 50
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 0
Distance to the 52-week high (market factor)
Net Issuance 66
Share count: buybacks or dilution?

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Revenue & earnings trend

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
+17.0%
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.
+16.1%
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.
+16.7%
Start year 2020 (pandemic). Over 10 years: +10.9% 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.
+6.2%
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.
+74.4%
Earnings growth per share plus dividend.
Earnings per share, growth per year+68.5%
Dividend (yield on the price)5.9%
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.69% vs 15%, 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.3% → 11%
Start year 2020 (pandemic)

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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.Aerospace & Defense · 230 stocks

Beats the industry median on 11/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 47 · Below median
Fair Value upside +56% · Top 25%
Profitability
Return on equity (TTM) 18% · Top 25%
Return on assets 7% · Top 25%
Net margin (TTM) 6% · Below median
Operating margin (TTM) 14% · Above median
Growth and dividend
Revenue growth 12% · Above median
Dividend yield (TTM) 5.9% · Top 25%
Balance sheet
Debt / equity 0.03× · Lowest 25%

Valuation Multiplesvs Aerospace & Defense median · lower = cheaper

P/E (TTM) 6.1× · Cheapest 25%
P/B 0.56× · Cheapest 25%
P/S (TTM) 0.20× · Cheapest 25%
EV/EBITDA 1.6× · Cheapest 25%

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)100 · sector 0
FUTURE (revenue growth)61 · sector 46
PAST (return on equity)70 · sector 37
HEALTH (low debt)99 · sector 93
DIVIDEND (yield)100 · sector 17

Context: sector, industry, market

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

Weapons Defense

Similar stocks

10 more Aerospace & Defense stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
General Electric Company GE $319.22 $92.68 −71%
RTX Corporation RTX $190.99 $88.37 −54%
Airbus SE AIR €194.60 €112.75 −42%
Safran SA SAF €332.00 €365.20 +10%
Lockheed Martin Corporation LMT $524.68 $440.05 −16%
Howmet Aerospace Inc HWM $228.78 $52.47 −77%
General Dynamics Corporation GD $343.33 $274.32 −20%
Northrop Grumman Corporation NOC $514.42 $383.06 −26%
TransDigm Group TDG $1,112 $1,224 +10%
L3Harris Technologies, Inc LHX $239.21 $263.13 +10%

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Cite: Fair Value Calculator (2026). "IMCO Industries Ltd Fair Value". https://www.fairvalue-calculator.com/stock/IMCO

Frequently asked questions

Is IMCO Industries Ltd (IMCO) overvalued or undervalued?
As of Sep 23, 2026, our model estimates a fair value of 39.02 ILA versus a price of 25.09 ILA, about +56% upside (undervalued).
What is the fair value of IMCO?
Our model-based fair value for IMCO Industries Ltd is 39.02 ILA (as of Sep 23, 2026), built from audited fundamentals. The current price: 25.09 ILA.
What is the quality score of IMCO?
IMCO Industries Ltd has a Quality Score of 47/100. 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 IMCO Industries Ltd (IMCO)?
Our model-based price target is the fair value of 39.02 ILA (as of Sep 23, 2026) from 17 valuation models. Cautious scenario 25.67 ILA, optimistic scenario 57.22 ILA. It is a calculation from audited fundamentals, not an analyst target.
What is the IMCO Industries Ltd stock forecast for 2026?
Our models put fair value at 39.02 ILA, about +56% upside versus a price of 25.09 ILA (undervalued). Cautious scenario 25.67 ILA, optimistic scenario 57.22 ILA. The calculation is refreshed regularly with new filings.
What is the revenue of IMCO Industries Ltd (IMCO)?
IMCO Industries Ltd reported trailing-twelve-month revenue of about 355M ILS (latest available figure, as of Sep 23, 2026).
Does IMCO Industries Ltd pay a dividend?
IMCO Industries Ltd currently shows a dividend yield of about 5.90% relative to its recent price (as of Sep 23, 2026).
What is the intrinsic value of IMCO Industries Ltd (IMCO)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For IMCO Industries Ltd it is 39.02 ILA per share (as of Sep 23, 2026), against a price of 25.09 ILA. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is IMCO Industries Ltd stock overvalued or undervalued in 2026?
As of Sep 23, 2026, IMCO trades below its calculated fair value: price 25.09 ILA, fair value 39.02 ILA, a gap of about +56% (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 IMCO?
No. The price is what the market pays today (25.09 ILA); the fair value is what the company's own numbers justify (39.02 ILA). For IMCO Industries Ltd the two are 13.93 ILA per share apart. That gap is exactly why we show both numbers side by side.
How much is IMCO Industries Ltd worth?
The market values IMCO Industries Ltd at about 212M ILA (market capitalisation, as of Sep 23, 2026). Per share that is 25.09 ILA; our models calculate a fair value of 39.02 ILA per share.
What do the bullish and bearish scenarios say about IMCO?
Our models span a range for IMCO Industries Ltd: cautious scenario 25.67 ILA, base 39.02 ILA, optimistic 57.22 ILA per share (as of Sep 23, 2026, price 25.09 ILA). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of IMCO?
IMCO Industries Ltd trades at a price-to-earnings ratio of 6.1 (as of Sep 23, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 39.02 ILA is built from several models across several years. Other multiples: P/B 0.6, P/S 0.2, EV/EBITDA 1.6.
How solid is the balance sheet of IMCO Industries Ltd (IMCO)?
Balance-sheet figures for IMCO Industries Ltd (as of Sep 23, 2026): return on equity 17.6%, debt of 0.03 per unit of equity. They feed the Quality Score of 47/100, which measures business quality independently of the share price.
How far is IMCO from its 52-week high?
IMCO Industries Ltd trades at 25.09 ILA, about 79% below its 52-week high of 118.40 ILA and 1% above the low of 24.77 ILA (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 39.02 ILA is for.
Which stocks are comparable to IMCO Industries Ltd?
From the same area (Industrials) we also value General Electric Company, RTX Corporation, Airbus SE, Safran SA, 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 IMCO Industries Ltd stock attractive at the current price?
The data as of Sep 23, 2026: price 25.09 ILA, calculated fair value 39.02 ILA (+56%), Quality Score 47/100, from 17 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 IMCO calculated?
We run IMCO Industries Ltd through 17 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 39.02 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. IMCO Industries Ltd currently trades 56 % 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 IMCO Industries Ltd (IMCO)?
The closing price on Sep 24, 2026 was 25.09 ILA. Our model-based fair value is 39.02 ILA, about +56% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with IMCO Industries Ltd right now?
The price is below even our cautious bear case (25.67 ILA). The market is more pessimistic than our downside scenario. Solid quality (47/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (25.67 ILA to 57.22 ILA) leaves room in how you read the outcome.
Where does the earnings growth of IMCO Industries Ltd (IMCO) come from?
Earnings per share at IMCO Industries Ltd grew +17.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +9.5 %, EBIT margin +11.0 %, tax rate +1.5 %, residual (interest, one-offs) −4.4 %. 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 IMCO Industries Ltd

How large is the market capitalisation of IMCO Industries Ltd (IMCO)?
The market capitalisation of IMCO Industries Ltd is 212M 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 IMCO Industries Ltd (IMCO)?
The price-to-sales ratio of IMCO Industries Ltd is 0.37 (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 IMCO Industries Ltd (IMCO)?
Earnings per share at IMCO Industries Ltd are 4.11 ILA (price ÷ EPS = P/E 6.1). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of IMCO Industries Ltd (IMCO)?
The dividend yield of IMCO Industries Ltd is 5.9% (payout 36.0%). 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 IMCO Industries Ltd (IMCO)?
The net margin of IMCO Industries Ltd is 6.0% (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 IMCO Industries Ltd (IMCO)?
The return on equity (ROE) of IMCO Industries Ltd is 17.6% (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 IMCO Industries Ltd (IMCO)?
On an EBIT basis the return on assets of IMCO Industries Ltd is 6.4% (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 IMCO Industries Ltd (IMCO)?
The operating margin of IMCO Industries Ltd is 13.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at IMCO Industries Ltd (IMCO)?
Revenue at IMCO Industries Ltd is growing +12.1% versus a year earlier (3y avg +16.1%). 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 IMCO Industries Ltd (IMCO)?
Earnings per share at IMCO Industries Ltd are growing −22.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does IMCO Industries Ltd (IMCO) generate?
The free cash flow of IMCO Industries Ltd is −7.1M ILA (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 IMCO Industries Ltd (IMCO) carry?
The net debt of IMCO Industries Ltd is 113M ILA (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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