Kardan Israel Ltd (KRDI) fair value: what the stock is really worth
As of Sep 24, 2026: fair value of Kardan Israel Ltd ILS 11.09, price ILS 5.25, upside +111.2%, quality 35 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 24, 2026.
How to read this chart
60‑month range 1.80 ILA – 8.10 ILA · fair‑value band 8.32 ILA – 13.87 ILA · the 5.25 ILA price screens below the 11.09 ILA fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Kardan Israel Ltd., through its subsidiaries, engages in the real estate business in Israel. The company operates through four segments: Residential Construction; Income-Producing Assets; Construction Work Execution; Server Farm and Logistics Real Estate.
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Kardan Israel Ltd., through its subsidiaries, engages in the real estate business in Israel. The company operates through four segments: Residential Construction; Income-Producing Assets; Construction Work Execution; Server Farm and Logistics Real Estate. It locates, initiates, and develops residential buildings for sale; evacuates and reconstructs properties for urban renewal; and leases office buildings and commercial spaces, as well as invests in real estate properties. The company also provides construction contractor services for residential, commercial, and public building projects. In addition, it is involved in the development, sale, and rental of logistics real estate complexes, including server farms, commerce buildings, and offices. The company was incorporated in 1982 and is based in Tel Aviv-Yafo, Israel.
Stock analysis
Kardan Israel Ltd (KRDI) currently trades at 5.25 ILA, while our model-based Fair Value estimate is 11.09 ILA, implying the stock looks roughly 52.7% undervalued today.
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Valuation
Bull case: the Economic Profit group reads highest at a median of 4.59 ILA per share, and 2 of the 6 models we run sit above the 5.25 ILA price.
Bear case: the Asset-Based group reads lowest at 2.93 ILA, and 4 of the 6 models stay below the price. Evidence for this calculation is medium.
Scenario range: 8.32 ILA (bear) to 13.87 ILA (bull), the price of 5.25 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 35/100 (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.
Kardan Israel Ltd reported revenue of 525M ILS in FY2025 versus 653M ILS in FY2021, a compound −5.3%/yr. Reported net income was 96.8M ILS in FY2025, compounding +1.8%/yr from FY2021.
Key figures
Market cap 770M ILA · P/E ratio 8.6 · P/S ratio 1.59 · EPS (TTM) 0.6100 ILA · Net margin 18.4% · Return on equity 10.3% · Return on assets (EBIT) 5.0% · Operating margin 2.0%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 44 out of 100 (low confidence).
What moves the price
The share trades about 35% below its 52-week high and 30% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −37% fair-value upside, at 111%, KRDI screens cheaper than that median.
Fair Value models
Bear 8.32 ILAFair Value 11.09 ILABull 13.87 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 (0.4479 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.
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.29/100
Revenue growth is inconsistent: the periods point in different directions, so there is no trend to rely on.
Revenue growth 1 year
−8.2%
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.
+2.1%
Start year 2020 (pandemic). Over 10 years: +0.1% a year
Revenue growth 13 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%
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What shareholders gained per year (last 5 years) (mathematically smoothed) ⓘ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. Smoothed = median of all growth paths between the years of the window (trend line on the logarithm of earnings per share): a single extreme year cannot distort the rate. The reported figure stays in the tooltip.
+1.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+1.9%
Dividend (yield on the price)0.0%
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.26% vs 55%, slowing
Profit margin 2019 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.7% → 4%
2025 sits 167% above its own trend. The rate follows the median trend of the last 5 years, not that single year.
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 Services · 547 stocks
Beats the industry median on 7/12 measures
A mixed picture versus its industry peers.
Valuation
Quality Score36 · Bottom 25%
Fair Value upside+111% · Top 25%
Profitability
Return on equity (TTM)10% · Top 25%
Return on assets0% · Below median
Net margin (TTM)16% · Above median
Operating margin (TTM)2% · Below median
Growth and dividend
Revenue growth3% · Above median
Balance sheet
Debt / equity1.22× · Highest 25%
Valuation Multiplesvs Real Estate Services 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). "Kardan Israel Ltd Fair Value". https://www.fairvalue-calculator.com/stock/KRDI
Frequently asked questions
Is Kardan Israel Ltd (KRDI) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 11.09 ILA versus a price of 5.25 ILA, about +111% upside (undervalued).
What is the fair value of KRDI?
Our model-based fair value for Kardan Israel Ltd is 11.09 ILA (as of Sep 24, 2026), built from audited fundamentals. The current price: 5.25 ILA.
What is the quality score of KRDI?
Kardan Israel Ltd has a Quality Score of 35/100. 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 Kardan Israel Ltd (KRDI)?
Our model-based price target is the fair value of 11.09 ILA (as of Sep 24, 2026) from 6 valuation models. Cautious scenario 8.32 ILA, optimistic scenario 13.87 ILA. It is a calculation from audited fundamentals, not an analyst target.
What is the Kardan Israel Ltd stock forecast for 2026?
Our models put fair value at 11.09 ILA, about +111% upside versus a price of 5.25 ILA (undervalued). Cautious scenario 8.32 ILA, optimistic scenario 13.87 ILA. The calculation is refreshed regularly with new filings.
What is the revenue of Kardan Israel Ltd (KRDI)?
Kardan Israel Ltd reported trailing-twelve-month revenue of about 529M ILS (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Kardan Israel Ltd (KRDI)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Kardan Israel Ltd it is 11.09 ILA per share (as of Sep 24, 2026), against a price of 5.25 ILA. It is the blended result of 6 valuation models (cash flow, earnings, asset, dividend).
Is Kardan Israel Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, KRDI trades below its calculated fair value: price 5.25 ILA, fair value 11.09 ILA, a gap of about +111% (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 KRDI?
No. The price is what the market pays today (5.25 ILA); the fair value is what the company's own numbers justify (11.09 ILA). For Kardan Israel Ltd the two are 5.84 ILA per share apart. That gap is exactly why we show both numbers side by side.
How much is Kardan Israel Ltd worth?
The market values Kardan Israel Ltd at about 770M ILA (market capitalisation, as of Sep 24, 2026). Per share that is 5.25 ILA; our models calculate a fair value of 11.09 ILA per share.
What do the bullish and bearish scenarios say about KRDI?
Our models span a range for Kardan Israel Ltd: cautious scenario 8.32 ILA, base 11.09 ILA, optimistic 13.87 ILA per share (as of Sep 24, 2026, price 5.25 ILA). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of KRDI?
Kardan Israel Ltd trades at a price-to-earnings ratio of 8.6 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 11.09 ILA is built from several models across several years. Other multiples: P/B 0.4, P/S 0.5, EV/EBITDA 31.8.
How solid is the balance sheet of Kardan Israel Ltd (KRDI)?
Balance-sheet figures for Kardan Israel Ltd (as of Sep 24, 2026): return on equity 10.3%, debt of 1.22 per unit of equity. They feed the Quality Score of 35/100, which measures business quality independently of the share price.
How far is KRDI from its 52-week high?
Kardan Israel Ltd trades at 5.25 ILA, about 35% below its 52-week high of 8.10 ILA and 30% above the low of 4.04 ILA (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 11.09 ILA is for.
Which stocks are comparable to Kardan Israel Ltd?
From the same area (Real Estate) we also value Vingroup Joint Stock Company, CBRE Group, Vonovia SE, Cellnex Telecom, S.A, 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 Kardan Israel Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 5.25 ILA, calculated fair value 11.09 ILA (+111%), Quality Score 35/100, from 6 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 KRDI calculated?
We run Kardan Israel Ltd through 6 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 11.09 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. Kardan Israel Ltd currently trades 111 % 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 Kardan Israel Ltd (KRDI)?
The closing price on Sep 24, 2026 was 5.25 ILA. Our model-based fair value is 11.09 ILA, about +111% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Kardan Israel Ltd right now?
The large discount to fair value meets weak quality (35/100). That raises the risk this is a value trap rather than a bargain. The price is below even our cautious bear case (8.32 ILA). The market is more pessimistic than our downside scenario. As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Where does the earnings growth of Kardan Israel Ltd (KRDI) come from?
Earnings per share at Kardan Israel Ltd grew +48.0 % a year from 2014 to 2025. Broken into its drivers: revenue per share +47.1 %, EBIT margin +12.1 %, tax rate +0.5 %, residual (interest, one-offs) −10.7 %. 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 Kardan Israel Ltd
How large is the market capitalisation of Kardan Israel Ltd (KRDI)?
The market capitalisation of Kardan Israel Ltd is 770M 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 Kardan Israel Ltd (KRDI)?
The price-to-sales ratio of Kardan Israel Ltd is 1.59 (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 Kardan Israel Ltd (KRDI)?
Earnings per share at Kardan Israel Ltd are 0.6100 ILA (price ÷ EPS = P/E 8.6). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Kardan Israel Ltd (KRDI)?
The net margin of Kardan Israel Ltd is 18.4% (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 Kardan Israel Ltd (KRDI)?
The return on equity (ROE) of Kardan Israel Ltd is 10.3% (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 Kardan Israel Ltd (KRDI)?
On an EBIT basis the return on assets of Kardan Israel Ltd is 5.0% (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 Kardan Israel Ltd (KRDI)?
The operating margin of Kardan Israel Ltd is 2.0% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Kardan Israel Ltd (KRDI)?
Revenue at Kardan Israel Ltd is growing +3.2% 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 Kardan Israel Ltd (KRDI)?
Earnings per share at Kardan Israel Ltd are growing +377% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Kardan Israel Ltd (KRDI) generate?
The free cash flow of Kardan Israel Ltd is −191M 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 Kardan Israel Ltd (KRDI) carry?
The net debt of Kardan Israel Ltd is 1.2B 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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