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M.L.R.N Projects and Trading Ltd (MLRN) Fair Value & Analysis

Financial Services · Il · Market cap 394M ILA

ML M.L.R.N Projects and Trading Ltd MLRN · TA
Price13.11 ILA
Fair Value14.76 ILA
Upside+12.6%
Quality45/100
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Expensive Growth
Highly profitable · 51.4% net margin
High debt · negative free cash flow
Ranks above peers (9/13)
Wide moat 71/100
Evidence: High Range 12.92 ILA – 37.88 ILA Share as image

Fair value as of: Jul 13, 2026

From 9 valuation models · updated 28 days ago

Share price −0.3% over the past month.

Below-average quality, screening 13% undervalued on our models.

What matters now

  • The model range is unusually wide (12.92 ILA to 37.88 ILA). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
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Price vs Fair Value (5 years)

15.15 ILA 2.28 ILA Fair Value 14.76 ILA Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 13, 2026.

How to read this chart

60‑month range 2.28 ILA – 15.15 ILA · fair‑value band 12.92 ILA – 37.88 ILA · the 13.11 ILA price screens below the 14.76 ILA fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 13, 2026.

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Analysis

M.L.R.N Projects and Trading Ltd (MLRN) currently trades at 13.11 ILA, while our model-based Fair Value estimate is 14.76 ILA, implying the stock looks roughly 12.6% undervalued today. The Quality Score stands at 45/100 (below-average quality), in the Financial Services 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, M.L.R.N Projects and Trading Ltd generated revenue of 113M ILA at a net margin of 51.4%. Revenue grew 2.2% year over year. It earns a return on equity of 18.9%. Net debt stands at 791M ILA. Fundamentals as of Jul 13, 2026

Our scenario range runs from 12.92 ILA (bear case) to 37.88 ILA (bull case); at 13.11 ILA, the current price sits within 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 Financial Services peers we cover trades at -41% fair-value upside, at 13%, MLRN 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
Residual Income 10.81 ILA 13.73 ILA 30.86 ILA 76
Gordon GGM 8.45 ILA 15.23 ILA 20.97 ILA 70
P/E Multiple 18.53 ILA 24.71 ILA 30.88 ILA 63
All 9 models by family
DCF Models
Owner Earnings 7.94 ILA 34.43 ILA 83.58 ILA 31
Earnings-Based
Graham-Dodd 12.92 ILA 90.13 ILA 126.48 ILA 54
Lynch FV 43.65 ILA 62.36 ILA 81.07 ILA 50
Dividend Discount
Gordon GGM 8.45 ILA 15.23 ILA 20.97 ILA 70
DDM Multi-Stage 8.45 ILA 13.91 ILA 16.27 ILA 61
Multiples
P/E Multiple 18.53 ILA 24.71 ILA 30.88 ILA 63
P/B Multiple 11.09 ILA 14.79 ILA 18.49 ILA 55
Asset-Based
NCAV (Graham) 5.28 ILA 7.08 ILA 10.57 ILA 50
Economic Profit
Residual Income 10.81 ILA 13.73 ILA 30.86 ILA 76

Widest divergence: Earnings-Based (62.36 ILA) versus Asset-Based (7.08 ILA). Highest evidence: Residual Income (76).

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Key figures & financial health

Revenue (TTM) 113M ILA
Revenue growth (YoY) +2.2%
Net margin 51.4%
Return on equity 18.9%
Free cash flow −70.1M ILA FY2025
P/E ratio 7.0
More key figures
Operating margin 66.9%
EPS (TTM) 1.85 ILA
EPS growth (YoY) +8.1%
Net debt 791M ILA FY2025

Figures from reported company fundamentals · as of Jul 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 45/100

Of which business quality 37 · Market factors (momentum, volatility) 59

Profitability 46
Margins and returns on capital today
Quality Growth 48
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 9
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 42
Price trend over the last 3–12 months (market factor)
52W Momentum 56
Distance to the 52-week high (market factor)
Net Issuance 76
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

M.L.R.N Projects and Trading Ltd provides non-bank credit to small and medium-sized businesses in Israel. It offers credit for real estate entrepreneurship and construction support, small and medium-sized businesses, infrastructure projects for infrastructure contractors, and financial service providers.

Full company description

M.L.R.N Projects and Trading Ltd provides non-bank credit to small and medium-sized businesses in Israel. It offers credit for real estate entrepreneurship and construction support, small and medium-sized businesses, infrastructure projects for infrastructure contractors, and financial service providers. The company was incorporated in 2008 and is based in Herzliya, Israel.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

M.L.R.N Projects and Trading Ltd reported revenue of 172M ILA in FY2025 versus 61.5M ILA in FY2021, a compound +29.4%/yr. Reported net income was 57.1M ILA in FY2025, compounding +18.7%/yr from FY2021.

Growth Quality 62/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
172M ILS
Latest YoY
+98.4%
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.
+22.5%
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.
+36.1%
Avg. growth/yr (9Y) 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.
+27.7%
Revenue +29.4%/yr
FY21 61.5M ILA
FY22 93.7M ILA
FY23 87.2M ILA
FY24 86.8M ILA
FY25 172M ILA
Net income +18.7%/yr
FY21 28.7M ILA
FY22 63.2M ILA
FY23 28.6M ILA
FY24 37.0M ILA
FY25 57.1M ILA

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Cite: Fair Value Calculator (2026). "M.L.R.N Projects and Trading Ltd Fair Value". https://www.fairvalue-calculator.com/stock/MLRN

Peer Group

Credit Services · 331 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 44 · Below median
Fair Value upside +13% · Above median
Return on equity (TTM) 19% · Top 25%
Return on assets 5% · Top 25%
Net margin (TTM) 51% · Top 25%
Operating margin (TTM) 67% · Top 25%
Revenue growth 2% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 1.59× · Higher than median

Valuation Multiples vs Credit Services median · lower = cheaper

P/E (TTM) 7.1× · Cheaper than 75% of peers
P/B 0.41× · Cheaper than 75% of peers
P/S (TTM) 1.14× · Cheaper than median
EV/EBITDA 8.1× · 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 50 · sector 37
FUTURE 11 · sector 39
PAST 76 · sector 32
HEALTH 21 · sector 58
DIVIDEND 0 · sector 51

Insider activity: 30/100

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 Credit Services stocks, each showing price versus our Fair Value estimate (as of Jul 13, 2026).

Stock Price Fair Value vs Fair Value
Visa Inc V $348.97 $204.19 -41%
Mastercard Incorporated MA $537.70 $221.87 -59%
American Express Company AXP $358.44 $206.40 -42%
Bajaj Finance Limited BAJFINANCE ₹1,056 ₹397.61 -62%
Shriram Finance Limited SHRIRAMFIN ₹1,024 ₹553.83 -46%
Cholamandalam Investment and Finance Company CHOLAFIN ₹1,808 ₹796.52 -56%
Tata Capital Limited TATACAP ₹360.60 ₹229.85 -36%
Power Finance Corporation PFC ₹405.10 ₹810.20 +100%
Muthoot Finance Limited MUTHOOTFIN ₹3,129 ₹3,463 +11%
Indian Railway Finance Corporation IRFC ₹88.41 ₹69.72 -21%

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Frequently asked questions

Is M.L.R.N Projects and Trading Ltd (MLRN) overvalued or undervalued?
As of Jul 13, 2026, our model estimates a fair value of 14.76 ILA versus a price of 13.11 ILA, about +13% (undervalued).
What is the fair value of MLRN?
Our model-based fair value for M.L.R.N Projects and Trading Ltd is 14.76 ILA (as of Jul 13, 2026), built from audited fundamentals. The current price is 13.11 ILA.
What is the quality score of MLRN?
M.L.R.N Projects and Trading Ltd has a Quality Score of 45/100. 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 M.L.R.N Projects and Trading Ltd (MLRN)?
M.L.R.N Projects and Trading Ltd reported trailing-twelve-month revenue of about 113M ILS (latest available figure, as of Jul 13, 2026).
What is the net profit margin of MLRN?
The net profit margin of M.L.R.N Projects and Trading Ltd is about 51.4%, meaning it keeps roughly 51.4% of revenue as net income. Based on the latest reported figures.

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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