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Mendelson Infrastructures & Industries Ltd (MNIN) Fair Value & Analysis

Basic Materials · Il · Market cap 532M ILA

MI Mendelson Infrastructures & Industries Ltd MNIN · TA
Price13.43 ILA
Fair Value18.11 ILA
Upside+34.8%
Quality63/100
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Healthy Growth
Thin margins · 3.7% net margin
Low debt · generates free cash flow
Ranks above peers (11/14)
Narrow moat 39/100
Evidence: Medium Range 13.58 ILA – 22.63 ILA Share as image

Fair value as of: Jul 12, 2026

From 25 valuation models · updated 29 days ago

Fair value updated Jul 12, 2026, revised from 21.11 ILA to 18.11 ILA (−14.2%) since Jun 24, 2026. Share price +10.3% over the past month.

A solid business, screening 35% undervalued on our models.

What matters now

  • Solid quality (63/100) at a price below fair value, the discount is the argument here, not the business quality.
  • Our model range runs from 13.58 ILA (bear) to 22.63 ILA (bull), base 18.11 ILA. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 63/100 (solid quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

16.17 ILA 4.84 ILA Fair Value 18.11 ILA Mar 2021 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

60‑month range 4.84 ILA – 16.17 ILA · fair‑value band 13.58 ILA – 22.63 ILA · the 13.43 ILA price screens below the 18.11 ILA fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Mendelson Infrastructures & Industries Ltd (MNIN) currently trades at 13.43 ILA, while our model-based Fair Value estimate is 18.11 ILA, implying the stock looks roughly 34.8% undervalued today. The Quality Score stands at 63/100 (solid quality), in the Basic Materials 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: medium), always confirm before acting.

Over the trailing twelve months, Mendelson Infrastructures & Industries Ltd generated revenue of 1.0B ILA at a net margin of 3.7%. Revenue declined 6.3% year over year. It earns a return on equity of 9.1%. Net debt stands at 169M ILA. Fundamentals as of Jul 12, 2026

Our scenario range runs from 13.58 ILA (bear case) to 22.63 ILA (bull case); at 13.43 ILA, the current price sits below 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 Basic Materials peers we cover trades at -7% fair-value upside, at 35%, MNIN 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
Growth DCF 19.09 ILA 24.99 ILA 31.92 ILA 80
Residual Income 9.56 ILA 10.13 ILA 10.83 ILA 76
Rev-Margin DCF 16.42 ILA 24.14 ILA 32.40 ILA 74
All 25 models by family
DCF Models
FCF DCF 18.74 ILA 25.19 ILA 33.09 ILA 38
Owner Earnings 12.25 ILA 16.52 ILA 21.74 ILA 31
5Y Revenue Exit 16.42 ILA 23.83 ILA 32.81 ILA 39
5Y EBITDA Exit 20.32 ILA 30.72 ILA 42.20 ILA 41
5Y P/E Exit 15.63 ILA 22.42 ILA 29.07 ILA 38
10Y Revenue Exit 16.85 ILA 23.22 ILA 30.85 ILA 36
10Y EBITDA Exit 19.46 ILA 27.46 ILA 37.06 ILA 37
10Y P/E Exit 16.78 ILA 22.36 ILA 28.38 ILA 35
Earnings-Based
Graham-Dodd 6.83 ILA 15.43 ILA 19.75 ILA 54
PEG = 1.0 2.53 ILA 3.62 ILA 4.70 ILA 46
EPV 10.71 ILA 12.22 ILA 13.48 ILA 59
Dividend Discount
Gordon GGM 4.71 ILA 7.05 ILA 9.30 ILA 70
DDM Multi-Stage 4.71 ILA 6.49 ILA 8.23 ILA 61
Multiples
P/E Multiple 15.83 ILA 21.11 ILA 26.38 ILA 63
P/S Multiple 12.81 ILA 17.09 ILA 21.36 ILA 58
P/B Multiple 12.81 ILA 17.09 ILA 21.36 ILA 55
EV/EBIT 22.36 ILA 29.95 ILA 37.53 ILA 53
EV/EBITDA 24.69 ILA 33.06 ILA 41.42 ILA 54
EV/Revenue 15.85 ILA 22.81 ILA 29.77 ILA 43
Asset-Based
NCAV (Graham) 5.99 ILA 8.02 ILA 11.97 ILA 50
Growth DCF
Growth DCF 19.09 ILA 24.99 ILA 31.92 ILA 80
Rev-Margin DCF 16.42 ILA 24.14 ILA 32.40 ILA 74
Economic Profit
Residual Income 9.56 ILA 10.13 ILA 10.83 ILA 76
ROIC Compounder 10.71 ILA 12.29 ILA 14.13 ILA 72
Growth Earnings
Growth-Adj P/E 11.85 ILA 16.92 ILA 22.00 ILA 68

Widest divergence: Growth DCF (24.14 ILA) versus Dividend Discount (6.49 ILA). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 1.0B ILA
Revenue growth (YoY) -6.3%
Net margin 3.7%
Return on equity 9.1%
Free cash flow 86.3M ILA FY2025
P/E ratio 14.1
More key figures
Operating margin 6.0%
EPS (TTM) 0.9500 ILA
Dividend yield 0.0%
EPS growth (YoY) -20.8%
Net debt 169M ILA FY2025

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

Quality Score breakdown

Overall quality 63/100

Of which business quality 63 · Market factors (momentum, volatility) 44

Profitability 46
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 68
Earnings quality: real cash, not paper profit
Fin. Strength 60
Balance sheet, leverage, solvency risk
Investment 92
Disciplined investing over empire-building
Low Volatility 76
Calm price path (market factor)
Momentum 29
Price trend over the last 3–12 months (market factor)
52W Momentum 33
Distance to the 52-week high (market factor)
Net Issuance 82
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

Mendelson Infrastructures & Industries Ltd., together with its subsidiaries, engages in the supply of conduction and flow products in Israel. It operates through Construction and Plumbing, Infrastructure, and Elevators and Air Conditioning segments.

Full company description

Mendelson Infrastructures & Industries Ltd., together with its subsidiaries, engages in the supply of conduction and flow products in Israel. It operates through Construction and Plumbing, Infrastructure, and Elevators and Air Conditioning segments. The company offers plumbing products, such as domestic water supply systems, tanks, sewage products, air release/strainer/check valve/pressure reducing products, steel fittings, brass fittings, and ball valves; and HDPEs. It also provides plastic underground rainwater systems; drainage channels; grease separators; fire extinguishing products, including grooved and threaded fittings, fire protection valves, hydrants, fire accessories, water flow switches, fire sprinklers, pipe hangers, fire monitors, and red pipes; and stainless steel, steel, concrete, PE, PVC, and copper pipes. The company also offers compression fittings and valves fittings, BSP threaded fittings, saddles fittings, tooling, and accessories; high pressure forged fittings; electo fusion fittings; U-PVC fittings; flanges; ball valves; and butterfly and knife gate valves. In addition, it is involved in sanitation products; butt weld pipes fittings; globe, piston, safety, control, bellow, float, and pressure relief valves; backflow preventors and double check valves; electric and pneumatic actuators; and steel piping and steel press fittings, as well as air conditioning systems. Further, the company serves industry, infrastructure, contractors, local government, businesses, institutions, and private customers through its distribution centers. The company was founded in 1947 and is based in Kiryat Ata, Israel. Mendelson Infrastructures & Industries Ltd. operates as a subsidiary of Emilia Development (O.F.G) Ltd.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Mendelson Infrastructures & Industries Ltd reported revenue of 1.0B ILA in FY2025 versus 906M ILA in FY2021, a compound +3.5%/yr. Reported net income was 39.8M ILA in FY2025, compounding +6.2%/yr from FY2021.

Growth Quality 68/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.0B ILS
Latest YoY
+1.5%
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.
−2.3%
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.
+4.5%
Avg. growth/yr (23Y) 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.
+5.9%
Revenue +3.5%/yr
FY21 906M ILA
FY22 1.1B ILA
FY23 1.1B ILA
FY24 1.0B ILA
FY25 1.0B ILA
Net income +6.2%/yr
FY21 31.3M ILA
FY22 75.0M ILA
FY23 37.4M ILA
FY24 47.9M ILA
FY25 39.8M ILA
Character of growth · EPS growth decomposed (2014-2025) +1.2 % p.a.
Revenue per share +4.3 pp

of which total revenue +4.5 pp · buybacks/dilution −0.2 pp

EBIT margin +12.4 pp
Tax rate −2.8 pp
Residual (interest, one-offs) −12.6 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Mendelson Infrastructures & Industries Ltd Fair Value". https://www.fairvalue-calculator.com/stock/MNIN

Peer Group

Steel · 378 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 63 · Top 25%
Fair Value upside +35% · Top 25%
Return on equity (TTM) 9% · Above median
Return on assets 4% · Above median
Net margin (TTM) 4% · Above median
Operating margin (TTM) 6% · Above median
Revenue growth -6% · Below median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.07× · Lower than median

Valuation Multiples vs Steel median · lower = cheaper

P/E (TTM) 14.1× · Cheaper than median
P/B 0.37× · Cheaper than 75% of peers
P/S (TTM) 0.17× · Cheaper than median
P/FCF 2.0× · Pricier than median
EV/EBITDA 2.5× · Cheaper than 75% of peers

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 80 · sector 19
FUTURE 0 · sector 4
PAST 36 · sector 15
HEALTH 97 · sector 95
DIVIDEND 1 · sector 41

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

Stock Price Fair Value vs Fair Value
Tata Steel Limited TTST $0.2010 $0.2000 -0%
JSW Steel Limited JSWSTEEL ₹1,227 ₹1,140 -7%
Baoshan Iron & Steel Co 600019 ¥5.89 ¥8.07 +37%
China Steel Corporation 2002A 38.55 TWD 8.74 TWD -77%
POSCO Holdings 005490 313,500 KRW 155,270 KRW -50%
Companhia Siderúrgica Nacional, SID 13,670 ARS 15,940 ARS +17%
Jindal Steel Limited JINDALSTEL ₹1,028 ₹545.12 -47%
Lloyds Metals and Energy Limited LLOYDSME ₹1,844 ₹1,098 -40%
Gerdau S.A GGBN 83.50 MXN 42.64 MXN -49%
Ternium S.A TXR 17,780 ARS 27,210 ARS +53%

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Frequently asked questions

Is Mendelson Infrastructures & Industries Ltd (MNIN) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 18.11 ILA versus a price of 13.43 ILA, about +35% (undervalued).
What is the fair value of MNIN?
Our model-based fair value for Mendelson Infrastructures & Industries Ltd is 18.11 ILA (as of Jul 12, 2026), built from audited fundamentals. The current price is 13.43 ILA.
What is the quality score of MNIN?
Mendelson Infrastructures & Industries Ltd has a Quality Score of 63/100. 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 Mendelson Infrastructures & Industries Ltd (MNIN)?
Mendelson Infrastructures & Industries Ltd reported trailing-twelve-month revenue of about 1.0B ILS (latest available figure, as of Jul 12, 2026).
What is the net profit margin of MNIN?
The net profit margin of Mendelson Infrastructures & Industries Ltd is about 3.7%, meaning it keeps roughly 3.7% of revenue as net income. Based on the latest reported figures.
Does Mendelson Infrastructures & Industries Ltd pay a dividend?
Mendelson Infrastructures & Industries Ltd currently shows a dividend yield of about 0.03% relative to its recent price (as of Jul 12, 2026).

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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