Knafaim (KNFM) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Knafaim ILS 25.85, price ILS 19.39, upside +33.3%, quality 56 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 4, 2026.
How to read this chart
60‑month range 5.17 ILA – 21.54 ILA · fair‑value band 20.34 ILA – 34.61 ILA · the 19.39 ILA price screens below the 25.85 ILA fair value. Dashed = 300-day average. As of Oct 4, 2026.
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Knafaim Holdings Ltd., through its subsidiaries, operates in the aviation industry worldwide.
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Knafaim Holdings Ltd., through its subsidiaries, operates in the aviation industry worldwide. The company operates flights on various routes, and provides duty-free products, preparing and supplying passenger catering, various security services, and ongoing and general maintenance services for civilian passenger and cargo aircraft, as well as manages travel agencies. It also engages in the purchase, lease, and sale of commercial aircraft to airlines. In addition, the company offers professional maintenance services to Israeli Air Force pilots, and ground handling, other services to airlines and private aircraft operating at the Ben-Gurion international airport, which include inter alia, passenger screening, baggage monitoring, airport ground control, and coordinating between various suppliers and authorities. Further, it operates five passenger and VIP lounges at Ben Gurion International Airport. The company was incorporated in 1980 and is based in Ramat Gan, Israel.
Stock analysis
Knafaim (KNFM) currently trades at 19.39 ILA, while our model-based Fair Value estimate is 25.85 ILA, implying the stock looks roughly 25.0% undervalued today.
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Valuation
Bull case: the Growth Earnings group reads highest at a median of 92.64 ILA per share, and 8 of the 15 models we run sit above the 19.39 ILA price.
Bear case: the Dividend Discount group reads lowest at 6.08 ILA, and 7 of the 15 models stay below the price. Evidence for this calculation is medium.
Scenario range: 20.34 ILA (bear) to 34.61 ILA (bull), the price of 19.39 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 56/100 (solid quality), in the Industrials sector.
Weak Growth: Revenue growth is weak: less than 2 % a year.
Knafaim reported revenue of $34.3M in FY2025 versus $28.0M in FY2021, a compound +5.2%/yr. Reported net income was $31.3M in FY2025.
Key figures
Market cap 317M ILA · P/E ratio 5.5 · P/S ratio 5.05 · EPS (TTM) 3.50 ILA · Dividend yield 1.7% · Net margin 91.1% · Return on equity 18.8% · Return on assets (EBIT) 2.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 46 out of 100 (low confidence).
What moves the price
The share trades about 10% below its 52-week high and 31% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at 33% fair-value upside, at 33%, KNFM screens cheaper than that median.
Fair Value models
Bear 20.34 ILAFair Value 25.85 ILABull 34.61 ILA
Price 19.39 ILA · Upside +33.3%
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 (2.42 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.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.19/100
Revenue growth is weak: less than 2 % a year.
Revenue growth 1 year
+20.1%
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.
+5.4%
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.
−0.6%
Start year 2020 (pandemic). Over 10 years: −33.8% a year
Revenue growth 25 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.
−12.4%
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What shareholders gained per year (last 3 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 3 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.
≈ +2.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.1%
Dividend (yield on the price)1.7%
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.−52% → 25%
⚠ Revenue per share shrinking 35.3%/yr over ~10Y (margins intact) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
⚠ Rate on operating basis: 2025 sits 116% above its own trend.
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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.Airlines · 57 stocks
Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score56 · Top 25%
Fair Value upside+33.3% · Above median
Profitability
Return on equity (TTM)18.8% · Above median
Return on assets3.8% · Above median
Net margin (TTM)43.3% · Top 25%
Operating margin (TTM)8.8% · Top 25%
Growth and dividend
Revenue growth67.7% · Top 25%
Dividend yield (TTM)1.7% · Bottom 25%
Balance sheet
Debt / equity0.28× · Lowest 25%
Valuation Multiplesvs Airlines median · lower = cheaper
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). "Knafaim Fair Value". https://www.fairvalue-calculator.com/stock/KNFM
Frequently asked questions
Is Knafaim (KNFM) overvalued or undervalued?
As of Oct 4, 2026, our model estimates a fair value of 25.85 ILA versus a price of 19.39 ILA, about +33% upside (undervalued).
What is the fair value of KNFM?
Our model-based fair value for Knafaim is 25.85 ILA (as of Oct 4, 2026), built from audited fundamentals. The current price: 19.39 ILA.
What is the quality score of KNFM?
Knafaim has a Quality Score of 56/100. 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 Knafaim (KNFM)?
Our model-based price target is the fair value of 25.85 ILA (as of Oct 4, 2026) from 15 valuation models. Cautious scenario 20.34 ILA, optimistic scenario 34.61 ILA. It is a calculation from audited fundamentals, not an analyst target.
What is the Knafaim stock forecast for 2026?
Our models put fair value at 25.85 ILA, about +33% upside versus a price of 19.39 ILA (undervalued). Cautious scenario 20.34 ILA, optimistic scenario 34.61 ILA. The calculation is refreshed regularly with new filings.
What is the revenue of Knafaim (KNFM)?
Knafaim reported trailing-twelve-month revenue of about $40.2M (latest available figure, as of Oct 4, 2026).
Does Knafaim pay a dividend?
Knafaim currently shows a dividend yield of about 1.65% relative to its recent price (as of Oct 4, 2026).
What is the intrinsic value of Knafaim (KNFM)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Knafaim it is 25.85 ILA per share (as of Oct 4, 2026), against a price of 19.39 ILA. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Knafaim stock overvalued or undervalued in 2026?
As of Oct 4, 2026, KNFM trades below its calculated fair value: price 19.39 ILA, fair value 25.85 ILA, a gap of about +33% (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 KNFM?
No. The price is what the market pays today (19.39 ILA); the fair value is what the company's own numbers justify (25.85 ILA). For Knafaim the two are 6.46 ILA per share apart. That gap is exactly why we show both numbers side by side.
How much is Knafaim worth?
The market values Knafaim at about 317M ILA (market capitalisation, as of Oct 4, 2026). Per share that is 19.39 ILA; our models calculate a fair value of 25.85 ILA per share.
What do the bullish and bearish scenarios say about KNFM?
Our models span a range for Knafaim: cautious scenario 20.34 ILA, base 25.85 ILA, optimistic 34.61 ILA per share (as of Oct 4, 2026, price 19.39 ILA). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KNFM?
Knafaim trades at a price-to-earnings ratio of 5.5 (as of Oct 4, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 25.85 ILA is built from several models across several years. Other multiples: P/B 1.0, P/S 2.6, EV/EBITDA 10.4.
How solid is the balance sheet of Knafaim (KNFM)?
Balance-sheet figures for Knafaim (as of Oct 4, 2026): return on equity 18.8%, debt of 0.28 per unit of equity. They feed the Quality Score of 56/100, which measures business quality independently of the share price.
How far is KNFM from its 52-week high?
Knafaim trades at 19.39 ILA, about 10% below its 52-week high of 21.54 ILA and 31% above the low of 14.75 ILA (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of 25.85 ILA is for.
Which stocks are comparable to Knafaim?
From the same area (Industrials) we also value Delta Air Lines, Inc, United Airlines Holdings, Ryanair Holdings, Southwest Airlines Co, 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 Knafaim stock attractive at the current price?
The data as of Oct 4, 2026: price 19.39 ILA, calculated fair value 25.85 ILA (+33%), Quality Score 56/100, from 15 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 KNFM calculated?
We run Knafaim through 15 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 25.85 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 15.0 % above its aggregate fair value. Knafaim currently trades 25 % 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 Knafaim (KNFM)?
The closing price on Oct 1, 2026 was 19.39 ILA. Our model-based fair value is 25.85 ILA, about +33% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Knafaim right now?
The price is below even our cautious bear case (20.34 ILA). The market is more pessimistic than our downside scenario. Solid quality (56/100) at a price below fair value, the discount is the argument here, not the business quality.
Key figures of Knafaim
How large is the market capitalisation of Knafaim (KNFM)?
The market capitalisation of Knafaim is 317M 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 Knafaim (KNFM)?
The price-to-sales ratio of Knafaim is 5.05 (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 Knafaim (KNFM)?
Earnings per share at Knafaim are 3.50 ILA (price ÷ EPS = P/E 5.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Knafaim (KNFM)?
The dividend yield of Knafaim is 1.7% (payout 9.1%). 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 Knafaim (KNFM)?
The net margin of Knafaim is 91.1% (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 Knafaim (KNFM)?
The return on equity (ROE) of Knafaim is 18.8% (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 Knafaim (KNFM)?
On an EBIT basis the return on assets of Knafaim is 2.3% (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 Knafaim (KNFM)?
The operating margin of Knafaim is 8.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Knafaim (KNFM)?
Revenue at Knafaim is growing +67.7% versus a year earlier (3y avg +5.4%). 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 Knafaim (KNFM)?
Earnings per share at Knafaim are growing −44.4% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Knafaim (KNFM) generate?
The free cash flow of Knafaim is −$9.4M (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 Knafaim (KNFM) carry?
The net debt of Knafaim is $17.0M (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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