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MLRN Projects and Trade Ltd (MLRN) fair value: what the stock is really worth

As of Sep 24, 2026: fair value of MLRN Projects and Trade Ltd ILS 12.29, price ILS 9.88, upside +24.4%, quality 45 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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Financial Services · Il · ISIN IL0011709503

MP Broad data Sep 24, 2026

MLRN Projects and Trade Ltd

MLRN · TA

SpeculativeUpside exists, but weak quality makes the signal speculative.

✓Fair value 12.29 ILA · Undervalued (+24%)
!Quality 45/100
!Expensive Growth (revenue 5y +36.1 %/yr)
✓Highly profitable · 51.4% net margin (TTM)
!High debt · negative free cash flow
✓Ranks above peers (10/13)
✓Wide moat 71/100
!Insider activity 30/100
!Weak on future: 11 out of 100
!Weak on balance sheet: 21 out of 100

What runs behind every stock

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

Price vs Fair Value

15.10 ILA 2.27 ILA Fair Value 12.29 ILA May 2021 Sep 2026

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 2.27 ILA – 15.10 ILA · fair‑value band 10.07 ILA – 22.86 ILA · the 9.88 ILA price screens below the 12.29 ILA fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.

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Company profile

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.

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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.

Stock analysis

MLRN Projects and Trade Ltd (MLRN) currently trades at 9.88 ILA, while our model-based Fair Value estimate is 12.29 ILA, implying the stock looks roughly 19.6% undervalued today.

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Valuation

Bull case: the Earnings-Based group reads highest at a median of 62.36 ILA per share, and 8 of the 9 models we run sit above the 9.88 ILA price.

Bear case: the Asset-Based group reads lowest at 7.08 ILA, and 1 of the 9 models stay below the price. Evidence for this calculation is high.

Scenario range: 10.07 ILA (bear) to 22.86 ILA (bull), the price of 9.88 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 45/100 (below-average quality), in the Financial Services sector.

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

MLRN Projects and Trade Ltd reported revenue of 172M ILS in FY2025 versus 61.5M ILS in FY2021, a compound +29.4%/yr. Reported net income was 57.1M ILS in FY2025, compounding +18.7%/yr from FY2021.

Key figures

Market cap 394M ILA · P/E ratio 5.3 · P/S ratio 1.77 · EPS (TTM) 1.85 ILA · Dividend yield 8.3% · Net margin 33.2% · Return on equity 18.9% · Return on assets (EBIT) 5.8%.

Competitive moat

Our AI-assisted moat analysis scores the competitive advantage at 38 out of 100 (low confidence).

What moves the price

The share trades about 35% below its 52-week high and at its 52-week low, currently below its 200-day average.

For context, the median of 10 Financial Services peers we cover trades at −32% fair-value upside, at 24%, MLRN screens cheaper than that median.

Fair Value models

Bear 10.07 ILA Fair Value 12.29 ILA Bull 22.86 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 (1.36 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
Residual Income 10.24 ILA 12.65 ILA 24.67 ILA 72
Gordon GGM 7.58 ILA 12.69 ILA 16.47 ILA 68
Owner Earnings 4.81 ILA 25.60 ILA 61.89 ILA 67
All 9 models by family
DCF Models
Owner Earnings 4.81 ILA 25.60 ILA 61.89 ILA 67
Earnings-Based
Graham-Dodd 12.92 ILA 90.13 ILA 126.48 ILA 63
Lynch FV 43.65 ILA 62.36 ILA 81.07 ILA 61
Dividend Discount
Gordon GGM 7.58 ILA 12.69 ILA 16.47 ILA 68
DDM Multi-Stage 7.58 ILA 12.04 ILA 13.65 ILA 67
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 54
Economic Profit
Residual Income 10.24 ILA 12.65 ILA 24.67 ILA 72

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Quality Score breakdown

Overall quality 45/100

Of which business quality 37 · Market factors (momentum, volatility) 36

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 19
Price trend over the last 3–12 months (market factor)
52W Momentum 9
Distance to the 52-week high (market factor)
Net Issuance 76
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
+98.4%
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.
+22.5%
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.
+36.1%
Start year 2020 (pandemic)
Revenue growth 9 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.
+27.7%
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. Basis: EBIT basis.
≈ +17.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+9.5%
Dividend (yield on the price)8.3%
Profit margin 2018 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.60% → 43%
⚠ Rate on operating basis: 2025 sits 55% 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.Credit Services · 331 stocks

Beats the industry median on 10/13 measures
Overall it ranks above its industry peers.
Valuation
Quality Score 44 · Below median
Fair Value upside +24% · Above median
Profitability
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%
Growth and dividend
Revenue growth 2% · Below median
Dividend yield (TTM) 8.3% · Top 25%
Balance sheet
Debt / equity 1.59× · Above median

Valuation Multiplesvs Credit Services median · lower = cheaper

P/E (TTM) 5.3× · Cheapest 25%
P/B 0.41× · Cheapest 25%
P/S (TTM) 1.14× · Cheaper than median
EV/EBITDA 8.2× · Cheaper than median

Strength profile in five axes (Snowflake)

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE (fair-value potential)66 · sector 49
FUTURE (revenue growth)11 · sector 36
PAST (return on equity)76 · sector 32
HEALTH (low debt)21 · sector 59
DIVIDEND (yield)100 · sector 68

Context: sector, industry, market

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

Similar stocks

10 more Credit Services stocks, each showing price versus our Fair Value estimate.

Stock Price Fair Value vs Fair Value
Visa Inc V $367.98 $221.29 −40%
Mastercard Incorporated MA $566.08 $359.54 −36%
American Express Company AXP $301.96 $206.40 −32%
Capital One Financial Corporation COF $196.10 $125.36 −36%
Bajaj Finance Limited BAJFINANCE ₹1,043 ₹1,101 +6%
PayPal Holdings PYPL $52.89 $99.46 +88%
Affirm Holdings AFRM $68.09 $16.24 −76%
Shriram Finance Limited SHRIRAMFIN ₹1,011 ₹1,374 +36%
Synchrony Financial, SYF $70.67 $137.28 +94%
SoFi Technologies, Inc SOFI $16.55 $5.57 −66%

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Cite: Fair Value Calculator (2026). "MLRN Projects and Trade Ltd Fair Value". https://www.fairvalue-calculator.com/stock/MLRN

Frequently asked questions

Is MLRN Projects and Trade Ltd (MLRN) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 12.29 ILA versus a price of 9.88 ILA, about +24% upside (undervalued).
What is the fair value of MLRN?
Our model-based fair value for MLRN Projects and Trade Ltd is 12.29 ILA (as of Sep 24, 2026), built from audited fundamentals. The current price: 9.88 ILA.
What is the quality score of MLRN?
MLRN Projects and Trade 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 price target for MLRN Projects and Trade Ltd (MLRN)?
Our model-based price target is the fair value of 12.29 ILA (as of Sep 24, 2026) from 9 valuation models. Cautious scenario 10.07 ILA, optimistic scenario 22.86 ILA. It is a calculation from audited fundamentals, not an analyst target.
What is the MLRN Projects and Trade Ltd stock forecast for 2026?
Our models put fair value at 12.29 ILA, about +24% upside versus a price of 9.88 ILA (undervalued). Cautious scenario 10.07 ILA, optimistic scenario 22.86 ILA. The calculation is refreshed regularly with new filings.
What is the revenue of MLRN Projects and Trade Ltd (MLRN)?
MLRN Projects and Trade Ltd reported trailing-twelve-month revenue of about 113M ILS (latest available figure, as of Sep 24, 2026).
Does MLRN Projects and Trade Ltd pay a dividend?
MLRN Projects and Trade Ltd currently shows a dividend yield of about 8.30% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of MLRN Projects and Trade Ltd (MLRN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For MLRN Projects and Trade Ltd it is 12.29 ILA per share (as of Sep 24, 2026), against a price of 9.88 ILA. It is the blended result of 9 valuation models (cash flow, earnings, asset, dividend).
Is MLRN Projects and Trade Ltd stock overvalued or undervalued in 2026?
As of Sep 24, 2026, MLRN trades below its calculated fair value: price 9.88 ILA, fair value 12.29 ILA, a gap of about +24% (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 MLRN?
No. The price is what the market pays today (9.88 ILA); the fair value is what the company's own numbers justify (12.29 ILA). For MLRN Projects and Trade Ltd the two are 2.41 ILA per share apart. That gap is exactly why we show both numbers side by side.
How much is MLRN Projects and Trade Ltd worth?
The market values MLRN Projects and Trade Ltd at about 394M ILA (market capitalisation, as of Sep 24, 2026). Per share that is 9.88 ILA; our models calculate a fair value of 12.29 ILA per share.
What do the bullish and bearish scenarios say about MLRN?
Our models span a range for MLRN Projects and Trade Ltd: cautious scenario 10.07 ILA, base 12.29 ILA, optimistic 22.86 ILA per share (as of Sep 24, 2026, price 9.88 ILA). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MLRN?
MLRN Projects and Trade Ltd trades at a price-to-earnings ratio of 5.3 (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 12.29 ILA is built from several models across several years. Other multiples: P/B 0.4, P/S 1.1, EV/EBITDA 8.2.
How solid is the balance sheet of MLRN Projects and Trade Ltd (MLRN)?
Balance-sheet figures for MLRN Projects and Trade Ltd (as of Sep 24, 2026): return on equity 18.9%, debt of 1.59 per unit of equity. They feed the Quality Score of 45/100, which measures business quality independently of the share price.
How far is MLRN from its 52-week high?
MLRN Projects and Trade Ltd trades at 9.88 ILA, about 35% below its 52-week high of 15.10 ILA and at the low of 9.84 ILA (as of Sep 24, 2026). Distance from the high says nothing about value: that is what the fair value of 12.29 ILA is for.
Which stocks are comparable to MLRN Projects and Trade Ltd?
From the same area (Financial Services) we also value Visa Inc, Mastercard Incorporated, American Express Company, Capital One Financial Corporation, 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 MLRN Projects and Trade Ltd stock attractive at the current price?
The data as of Sep 24, 2026: price 9.88 ILA, calculated fair value 12.29 ILA (+24%), Quality Score 45/100, from 9 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 MLRN calculated?
We run MLRN Projects and Trade Ltd through 9 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 12.29 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. MLRN Projects and Trade Ltd currently trades 24 % 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 MLRN Projects and Trade Ltd (MLRN)?
The closing price on Sep 24, 2026 was 9.88 ILA. Our model-based fair value is 12.29 ILA, about +24% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with MLRN Projects and Trade Ltd right now?
Solid quality (45/100) at a price below fair value, the discount is the argument here, not the business quality. A fairly wide model range (10.07 ILA to 22.86 ILA) leaves room in how you read the outcome. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.

Key figures of MLRN Projects and Trade Ltd

How large is the market capitalisation of MLRN Projects and Trade Ltd (MLRN)?
The market capitalisation of MLRN Projects and Trade Ltd is 394M 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 MLRN Projects and Trade Ltd (MLRN)?
The price-to-sales ratio of MLRN Projects and Trade Ltd is 1.77 (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 MLRN Projects and Trade Ltd (MLRN)?
Earnings per share at MLRN Projects and Trade Ltd are 1.85 ILA (price ÷ EPS = P/E 5.3). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of MLRN Projects and Trade Ltd (MLRN)?
The dividend yield of MLRN Projects and Trade Ltd is 8.3% (payout 44.3%). 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 MLRN Projects and Trade Ltd (MLRN)?
The net margin of MLRN Projects and Trade Ltd is 33.2% (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 MLRN Projects and Trade Ltd (MLRN)?
The return on equity (ROE) of MLRN Projects and Trade Ltd is 18.9% (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 MLRN Projects and Trade Ltd (MLRN)?
On an EBIT basis the return on assets of MLRN Projects and Trade Ltd is 5.8% (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 MLRN Projects and Trade Ltd (MLRN)?
The operating margin of MLRN Projects and Trade Ltd is 66.9% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at MLRN Projects and Trade Ltd (MLRN)?
Revenue at MLRN Projects and Trade Ltd is growing +2.2% versus a year earlier (3y avg +22.5%). 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 MLRN Projects and Trade Ltd (MLRN)?
Earnings per share at MLRN Projects and Trade Ltd are growing +8.1% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does MLRN Projects and Trade Ltd (MLRN) generate?
The free cash flow of MLRN Projects and Trade Ltd is −70.1M 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 MLRN Projects and Trade Ltd (MLRN) carry?
The net debt of MLRN Projects and Trade Ltd is 791M 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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