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Melisron Ltd (MLSR) Fair Value & Analysis

Real Estate · Il · Market cap 19.9B ILA

ML Melisron Ltd MLSR · TA
Price419.50 ILA
Fair Value308.91 ILA
Upside-26.4%
Quality53/100
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Expensive Growth
Highly profitable · 78.8% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (8/14)
Wide moat 71/100
Evidence: High Range 231.68 ILA – 386.14 ILA Share as image

Fair value as of: Jul 12, 2026

From 14 valuation models · updated 29 days ago

Share price −8.1% over the past month.

A solid business, but screening 26% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (386.14 ILA). The favourable scenario is already priced in.
  • Solid but not exceptional quality (53/100) and above fair value, neither a clear bargain nor a standout compounder.
  • As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
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Price vs Fair Value (5 years)

494.51 ILA 195.70 ILA Fair Value 308.91 ILA Feb 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 12, 2026.

How to read this chart

54‑month range 195.70 ILA – 494.51 ILA · fair‑value band 231.68 ILA – 386.14 ILA · the 419.50 ILA price screens above the 308.91 ILA fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Melisron Ltd (MLSR) currently trades at 419.50 ILA, while our model-based Fair Value estimate is 308.91 ILA, implying the stock looks roughly 26.4% overvalued today. The Quality Score stands at 53/100 (solid quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Melisron Ltd generated revenue of 2.3B ILA at a net margin of 79.6%. Revenue grew 8.5% year over year. It earns a return on equity of 14.6%. Net debt stands at 14.2B ILA. Fundamentals as of Jul 12, 2026

Our scenario range runs from 231.68 ILA (bear case) to 386.14 ILA (bull case); at 419.50 ILA, the current price sits above 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 Real Estate peers we cover trades at -2% fair-value upside, at -26%, MLSR screens richer 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 BearBaseBull Evidence
Highest evidence
Residual Income 270.33 ILA 349.47 ILA 951.23 ILA 76
Rev-Margin DCF 87.11 ILA 285.84 ILA 74
Gordon GGM 69.30 ILA 144.08 ILA 228.57 ILA 70
All 14 models by family
DCF Models
5Y Revenue Exit 93.87 ILA 319.25 ILA 39
5Y EBITDA Exit 21.64 ILA 279.74 ILA 605.94 ILA 41
10Y Revenue Exit 29.60 ILA 254.18 ILA 36
10Y EBITDA Exit 164.69 ILA 490.83 ILA 37
Dividend Discount
Gordon GGM 69.30 ILA 144.08 ILA 228.57 ILA 70
DDM Multi-Stage 69.30 ILA 121.49 ILA 151.22 ILA 61
Multiples
P/S Multiple 231.68 ILA 308.91 ILA 386.14 ILA 58
P/B Multiple 415.46 ILA 553.95 ILA 692.44 ILA 55
EV/EBIT 259.04 ILA 428.19 ILA 597.33 ILA 53
EV/EBITDA 148.79 ILA 281.19 ILA 413.59 ILA 54
EV/Revenue 84.27 ILA 184.08 ILA 43
Asset-Based
NCAV (Graham) 138.49 ILA 185.57 ILA 276.97 ILA 50
Growth DCF
Rev-Margin DCF 87.11 ILA 285.84 ILA 74
Economic Profit
Residual Income 270.33 ILA 349.47 ILA 951.23 ILA 76

Widest divergence: Economic Profit (349.47 ILA) versus Growth DCF (87.11 ILA). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 2.3B ILA
Revenue growth (YoY) +8.5%
Net margin 79.6%
Return on equity 14.6%
Free cash flow 279M ILA FY2025
P/E ratio 10.7
More key figures
Operating margin 66.1%
EPS (TTM) 39.55 ILA
EPS growth (YoY) +45.0%
Net debt 14.2B ILA FY2025

Figures from reported company fundamentals · as of Jul 12, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 53/100

Of which business quality 49 · Market factors (momentum, volatility) 52

Profitability 42
Margins and returns on capital today
Quality Growth 44
Are margins and returns improving?
Cashflow 52
Earnings quality: real cash, not paper profit
Fin. Strength 30
Balance sheet, leverage, solvency risk
Investment 65
Disciplined investing over empire-building
Low Volatility 86
Calm price path (market factor)
Momentum 38
Price trend over the last 3–12 months (market factor)
52W Momentum 36
Distance to the 52-week high (market factor)
Net Issuance 79
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

Melisron Ltd. operates as a commercial real estate company in Israel. It operates through Income Producing Real Estate and Residential Development and Construction segments.

Full company description

Melisron Ltd. operates as a commercial real estate company in Israel. It operates through Income Producing Real Estate and Residential Development and Construction segments. The company engages in the purchase, construction, operation, rental, management, maintenance, and improvement of commercial centers, including regional, urban and neighbourhood malls and shopping centers; development, construction, owning, maintenance, and management of office complexes and hi-tech parks; residential development and construction, and urban renewal projects. It also owns and manages single-tenant properties and housing complexes. The company's shopping centers serve as shopping, leisure, and entertainment centers. Melisron Ltd. was incorporated in 1987 and is based in Herzliya Pituach, Israel.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Melisron Ltd reported revenue of 2.3B ILA in FY2025 versus 1.4B ILA in FY2021, a compound +12.3%/yr. Reported net income was 1.9B ILA in FY2025, compounding +6.0%/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)
2.3B ILS
Latest YoY
+12.5%
Avg. growth/yr (3Y)
+10.7%
Avg. growth/yr (5Y)
+15.2%
Avg. growth/yr (22Y)
+13.8%
Revenue +12.3%/yr
FY21 1.4B ILA
FY22 1.7B ILA
FY23 1.8B ILA
FY24 2.0B ILA
FY25 2.3B ILA
Net income +6.0%/yr
FY21 1.5B ILA
FY22 1.4B ILA
FY23 1.0B ILA
FY24 1.5B ILA
FY25 1.9B ILA

MLSR screens 26% overvalued. Compare with Vingroup Joint Stock Company →

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

Peer Group

Real Estate Services · 521 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 54 · Below median
Fair Value upside −26% · Below median
Return on equity (TTM) 15% · Top 25%
Return on assets 3% · Above median
Net margin (TTM) 79% · Top 25%
Operating margin (TTM) 63% · Top 25%
Revenue growth 11% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.99× · Higher than 75% of peers

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 10.6× · Cheaper than median
P/B 0.49× · Cheaper than median
P/S (TTM) 2.72× · Pricier than median
P/FCF 23.3× · Pricier than 75% of peers
EV/EBITDA 11.7× · 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 0 · sector 37
FUTURE 56 · sector 10
PAST 59 · sector 16
HEALTH 50 · sector 85
DIVIDEND 0 · sector 49

VALUE 0: the price sits above our fair-value range.

Insider activity: 40/100

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 Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Jul 12, 2026).

Stock Price Fair Value vs Fair Value
Vingroup Joint Stock Company VIC 223,000 VND 25,731 VND -88%
KE Holdings 2423 HK$44.76 HK$18.03 -60%
Swire Properties Limited 1972 HK$23.90 HK$18.75 -22%
Plaza S.A MALLPLAZA 3,725 CLP 5,571 CLP +50%
SAGAA SAGAA kr 170.00 kr 75.55 -56%
Cencosud Shopping S.A CENCOMALLS 2,324 CLP 2,976 CLP +28%
PT Sarana Menara Nusantara Tbk. owns and TOWR 372.00 IDR 1,208 IDR +225%
PT Metropolitan Kentjana Tbk MKPI 20,975 IDR 19,160 IDR -9%
PT Bangun Kosambi Sukses Tbk, CBDK 3,530 IDR 3,464 IDR -2%
IRSA Inversiones y Representaciones Sociedad Anónima, IRSA 2,495 ARS 3,998 ARS +60%

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Frequently asked questions

Is Melisron Ltd (MLSR) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 308.91 ILA versus a price of 419.50 ILA, about −26% (overvalued).
What is the fair value of MLSR?
Our model-based fair value for Melisron Ltd is 308.91 ILA (as of Jul 12, 2026), built from audited fundamentals. The current price is 419.50 ILA.
What is the quality score of MLSR?
Melisron Ltd has a Quality Score of 53/100. 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 Melisron Ltd (MLSR)?
Melisron Ltd reported trailing-twelve-month revenue of about 2.3B ILS (latest available figure, as of Jul 12, 2026).
What is the net profit margin of MLSR?
The net profit margin of Melisron Ltd is about 79.6%, meaning it keeps roughly 79.6% 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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