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Multi Retail Group (MRG) Fair Value & Analysis

Consumer Cyclical · Il · Market cap 147M ILA

MR Multi Retail Group MRG · TA
Price5.56 ILA
Fair Value3.91 ILA
Upside-29.7%
Quality57/100
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Mixed Growth
Thin margins · 1.5% net margin
Low debt · generates free cash flow
Mixed vs. peers (7/13)
Narrow moat 37/100
Evidence: High Range 2.93 ILA – 4.89 ILA Share as image

Fair value as of: Jul 15, 2026

From 25 valuation models · updated 26 days ago

Fair value updated Jul 15, 2026, revised from 6.00 ILA to 3.91 ILA (−34.8%) since Jun 24, 2026. Share price +3.4% over the past month.

A solid business, but screening 30% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (4.89 ILA). The favourable scenario is already priced in.
  • Solid but not exceptional quality (57/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (5 years)

20.24 ILA 1.94 ILA Fair Value 3.91 ILA Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 15, 2026.

How to read this chart

60‑month range 1.94 ILA – 20.24 ILA · fair‑value band 2.93 ILA – 4.89 ILA · the 5.56 ILA price screens above the 3.91 ILA fair value. Dashed = 300-day average. As of Jul 15, 2026.

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Analysis

Multi Retail Group (MRG) currently trades at 5.56 ILA, while our model-based Fair Value estimate is 3.91 ILA, implying the stock looks roughly 29.7% overvalued today. The Quality Score stands at 57/100 (solid quality), in the Consumer Cyclical 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, Multi Retail Group generated revenue of 752M ILA at a net margin of 0.6%. Revenue declined 4.7% year over year. It earns a return on equity of 4.0%. Net debt stands at 352M ILA. Fundamentals as of Jul 15, 2026

Our scenario range runs from 2.93 ILA (bear case) to 4.89 ILA (bull case); at 5.56 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 Consumer Cyclical peers we cover trades at -21% fair-value upside, at -30%, MRG 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 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 41.77 ILA 52.16 ILA 63.55 ILA 80
Residual Income 3.03 ILA 2.95 ILA 2.40 ILA 76
Rev-Margin DCF 26.43 ILA 33.99 ILA 42.35 ILA 74
All 25 models by family
DCF Models
FCF DCF 41.26 ILA 52.70 ILA 65.76 ILA 38
Owner Earnings 29.03 ILA 36.96 ILA 46.00 ILA 31
5Y Revenue Exit 26.43 ILA 33.09 ILA 40.75 ILA 39
5Y EBITDA Exit 41.43 ILA 59.52 ILA 79.35 ILA 41
5Y P/E Exit 20.93 ILA 23.41 ILA 25.56 ILA 38
10Y Revenue Exit 32.68 ILA 39.30 ILA 46.63 ILA 36
10Y EBITDA Exit 40.96 ILA 54.49 ILA 70.45 ILA 37
10Y P/E Exit 30.03 ILA 33.73 ILA 37.25 ILA 35
Earnings-Based
Graham-Dodd 1.21 ILA 2.70 ILA 3.46 ILA 54
PEG = 1.0 0.4400 ILA 0.6300 ILA 0.8200 ILA 46
EPV 11.04 ILA 12.19 ILA 13.12 ILA 59
Dividend Discount
Gordon GGM 1.06 ILA 1.50 ILA 1.89 ILA 70
DDM Multi-Stage 1.06 ILA 1.41 ILA 1.73 ILA 61
Multiples
P/E Multiple 2.93 ILA 3.91 ILA 4.89 ILA 63
P/S Multiple 2.27 ILA 3.02 ILA 3.78 ILA 58
P/B Multiple 2.27 ILA 3.02 ILA 3.78 ILA 55
EV/EBIT 21.57 ILA 28.27 ILA 34.97 ILA 53
EV/EBITDA 47.60 ILA 62.97 ILA 78.34 ILA 54
EV/Revenue 15.02 ILA 20.83 ILA 26.63 ILA 43
Asset-Based
NCAV (Graham) 2.23 ILA 2.98 ILA 4.45 ILA 50
Growth DCF
Growth DCF 41.77 ILA 52.16 ILA 63.55 ILA 80
Rev-Margin DCF 26.43 ILA 33.99 ILA 42.35 ILA 74
Economic Profit
Residual Income 3.03 ILA 2.95 ILA 2.40 ILA 76
ROIC Compounder 11.26 ILA 12.69 ILA 13.99 ILA 72
Growth Earnings
Growth-Adj P/E 2.18 ILA 3.12 ILA 4.05 ILA 68

Widest divergence: DCF Models (36.96 ILA) versus Dividend Discount (1.41 ILA). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) 752M ILA
Revenue growth (YoY) -4.7%
Net margin 0.6%
Return on equity 4.0%
Free cash flow 135M ILA FY2025
P/E ratio 15.0
More key figures
Operating margin 3.9%
EPS (TTM) 0.4300 ILA
EPS growth (YoY) -82.6%
Net debt 352M ILA FY2025

Figures from reported company fundamentals · as of Jul 15, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 57/100

Of which business quality 56 · Market factors (momentum, volatility) 29

Profitability 44
Margins and returns on capital today
Quality Growth 40
Are margins and returns improving?
Cashflow 86
Earnings quality: real cash, not paper profit
Fin. Strength 27
Balance sheet, leverage, solvency risk
Investment 100
Disciplined investing over empire-building
Low Volatility 84
Calm price path (market factor)
Momentum 9
Price trend over the last 3–12 months (market factor)
52W Momentum 2
Distance to the 52-week high (market factor)
Net Issuance 55
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

Multi Retail Group Ltd operates in the retail industry in Israel. The company's Home and Automotive Improvement segment offers home improvement, yard, and automotive maintenance products. Its Home Design segment provides furniture and home design products.

Full company description

Multi Retail Group Ltd operates in the retail industry in Israel. The company's Home and Automotive Improvement segment offers home improvement, yard, and automotive maintenance products. Its Home Design segment provides furniture and home design products. Its Ace On-Line Website segment sells home and automotive improvement products under the ACE and Auto Depot brands through its online commerce site, as well as various products from marketplace franchisees. The company manufactures and sells customized furniture, cabinets, and walk-in closets through ACE chain stores under the Spetz brand name. It also offers electrical accessories, such as sockets, switches, bulbs, extension cords, and splitters; electrical appliances, heating, and cooling products; garden furniture, pools and hot tubs, gardening, camping, sea and hiking, grills, storage, and outdoor equipment; cabinets and chests of drawers, sofas, beds and armchairs, and tables and chairs; and home maintenance products, mirrors, and cleaning supplies, as well as home textiles consisting curtains, tablecloths, and pillows. In addition, the company provides faucets, sewer fittings, faucet equipment, bathroom cabinets, toilet seats, showers, bath and plumbing sliding wardrobes, opening wardrobes, walk-in closets, workstations, beds, and bookcases; lighting fixtures for home and yard; and tires, batteries comprising mobile road/home service, car care accessories, and electronics accessories, as well as building materials, sealing and gluing, paints and wallpapers, and painting equipment; storage of tools, power tools, hand tools, and work equipment; and perfumery, fitness and leisure equipment, motorized toys, trampolines, children's kitchens, and dollhouses, as well as garage services. The company was formerly known as Ace Capital Retail (2016) Ltd. and changed its name to Multi Retail Group Ltd in December 2021. Multi Retail Group Ltd was incorporated in 2016 and is based in Rishon LeZion, Israel.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Multi Retail Group reported revenue of 752M ILA in FY2025 versus 715M ILA in FY2021, a compound +1.3%/yr. Reported net income was 4.7M ILA in FY2025, compounding −37.5%/yr from FY2021.

Growth Quality 56/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
752M ILS
Latest YoY
−4.3%
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.
+0.3%
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.
+2.3%
Avg. growth/yr (10Y) 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.
+3.3%
Revenue +1.3%/yr
FY21 715M ILA
FY22 746M ILA
FY23 745M ILA
FY24 786M ILA
FY25 752M ILA
Net income −37.5%/yr
FY21 30.8M ILA
FY22 −6.8M ILA
FY23 −44.7M ILA
FY24 11.4M ILA
FY25 4.7M ILA
Character of growth · EPS growth decomposed (2015-2025) −10.0 % p.a.
Revenue per share +2.2 pp

of which total revenue +3.7 pp · buybacks/dilution −1.5 pp

EBIT margin +0.0 pp
Tax rate +0.4 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).

MRG screens 30% overvalued. Compare with The Home Depot, Inc →

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Cite: Fair Value Calculator (2026). "Multi Retail Group Fair Value". https://www.fairvalue-calculator.com/stock/MRG

Peer Group

Home Improvement Retail · 36 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 57 · Below median
Fair Value upside −30% · Below median
Return on equity (TTM) 10% · Above median
Return on assets 3% · Below median
Net margin (TTM) 2% · Bottom 25%
Operating margin (TTM) 4% · Below median
Revenue growth 6% · Above median
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.10× · Lower than median

Valuation Multiples vs Home Improvement Retail median · lower = cheaper

P/E (TTM) 12.9× · Cheaper than median
P/B 0.41× · Cheaper than 75% of peers
P/S (TTM) 0.06× · Cheaper than 75% of peers
P/FCF 0.4× · 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 25
FUTURE 28 · sector 11
PAST 40 · sector 30
HEALTH 95 · sector 95
DIVIDEND 0 · sector 50

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

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 Home Improvement Retail stocks, each showing price versus our Fair Value estimate (as of Jul 15, 2026).

Stock Price Fair Value vs Fair Value
The Home Depot, Inc HD $337.74 $236.85 -30%
Lowe's Companies, Inc LOW $209.66 $186.32 -11%
Wesfarmers Limited WES A$92.80 A$50.50 -46%
Floor & Decor Holdings FND $56.40 $32.81 -42%
Mr D.I.Y. Group 5296 1.70 MYR 1.47 MYR -14%
Home Product Center Public Company HMPROR 6.65 THB 6.31 THB -5%
Siam Global House Public Company GLOBAL 7.50 THB 5.96 THB -21%
Dohome Public Company DOHOME 3.86 THB 2.90 THB -25%
Haverty Furniture Companies, Inc HVT $25.66 $22.53 -12%
Test-Rite International Co 2908 22.00 TWD 9.18 TWD -58%

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Frequently asked questions

Is Multi Retail Group (MRG) overvalued or undervalued?
As of Jul 15, 2026, our model estimates a fair value of 3.91 ILA versus a price of 5.56 ILA, about −30% (overvalued).
What is the fair value of MRG?
Our model-based fair value for Multi Retail Group is 3.91 ILA (as of Jul 15, 2026), built from audited fundamentals. The current price is 5.56 ILA.
What is the quality score of MRG?
Multi Retail Group has a Quality Score of 57/100. 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 Multi Retail Group (MRG)?
Multi Retail Group reported trailing-twelve-month revenue of about 752M ILS (latest available figure, as of Jul 15, 2026).
What is the net profit margin of MRG?
The net profit margin of Multi Retail Group is about 0.6%, meaning it keeps roughly 0.6% 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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