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Mishorim Real Estate Investments Ltd (MSHR) Fair Value & Analysis

Real Estate · Il · Market cap 116M ILA

MR Mishorim Real Estate Investments Ltd MSHR · TA
Price3.32 ILA
Fair Value5.68 ILA
Upside+71.1%
Quality36/100
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Weak Growth
Loss-making · -13.2% net margin
High debt · negative free cash flow
Trails peers (4/11)
Narrow moat 30/100
Evidence: Low Range 5.68 ILA – 17.31 ILA Share as image

Fair value as of: Jul 18, 2026

From 2 valuation models · updated 23 days ago

Share price +5.6% over the past month.

Below-average quality, screening 71% undervalued on our models.

What matters now

  • The large discount to fair value meets weak quality (36/100). That raises the risk this is a value trap rather than a bargain.
  • The price is below even our cautious bear case (5.68 ILA). The market is more pessimistic than our downside scenario.
  • The model range is unusually wide (5.68 ILA to 17.31 ILA). The outcome hinges heavily on assumptions, so read the point estimate with caution.
  • The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution.
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Price vs Fair Value (5 years)

15.92 ILA 3.07 ILA Fair Value 5.68 ILA Mar 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 18, 2026.

How to read this chart

60‑month range 3.07 ILA – 15.92 ILA · fair‑value band 5.68 ILA – 17.31 ILA · the 3.32 ILA price screens below the 5.68 ILA fair value. Dashed = 300-day average. As of Jul 18, 2026.

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Analysis

Mishorim Real Estate Investments Ltd (MSHR) currently trades at 3.32 ILA, while our model-based Fair Value estimate is 5.68 ILA, implying the stock looks roughly 71.1% undervalued today. The Quality Score stands at 36/100 (below-average quality), in the Real Estate 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: low), always confirm before acting.

Over the trailing twelve months, Mishorim Real Estate Investments Ltd generated revenue of 341M ILA at a net margin of -15.3%. Revenue declined 18.8% year over year. It earns a return on equity of -19.6%. Net debt stands at 1.4B ILA. Fundamentals as of Jul 18, 2026

Our scenario range runs from 5.68 ILA (bear case) to 17.31 ILA (bull case); at 3.32 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 Real Estate peers we cover trades at -2% fair-value upside, at 71%, MSHR 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
EV/EBITDA 4.22 ILA 15.85 ILA 27.49 ILA 54
NCAV (Graham) 7.41 ILA 9.93 ILA 14.83 ILA 50
All 2 models by family
Multiples
EV/EBITDA 4.22 ILA 15.85 ILA 27.49 ILA 54
Asset-Based
NCAV (Graham) 7.41 ILA 9.93 ILA 14.83 ILA 50

Widest divergence: Multiples (15.85 ILA) versus Asset-Based (9.93 ILA). Highest evidence: EV/EBITDA (54).

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Key figures & financial health

Revenue (TTM) 338M ILA
Revenue growth (YoY) -3.3%
Net margin -13.2%
Return on equity -18.0%
Free cash flow −24.2M ILA FY2025
Operating margin 17.1%
More key figures
EPS (TTM) -1.28 ILA
EPS growth (YoY) -69.7%
Net debt 1.4B ILA FY2025

Figures from reported company fundamentals · as of Jul 18, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 36/100

Of which business quality 30 · Market factors (momentum, volatility) 21

Profitability 4
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 3
Earnings quality: real cash, not paper profit
Fin. Strength 12
Balance sheet, leverage, solvency risk
Investment 95
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 0
Price trend over the last 3–12 months (market factor)
52W Momentum 3
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

Mishorim Real Estate Investments Ltd engages in investments in income-producing real estate, commercial properties, and office buildings in Israel, Canada, the United States, and Germany. It operates through Activities of the subsidiary SKLN; Shopping centers in the US; Office buildings in Israel; and Shopping centers in Germany segments.

Full company description

Mishorim Real Estate Investments Ltd engages in investments in income-producing real estate, commercial properties, and office buildings in Israel, Canada, the United States, and Germany. It operates through Activities of the subsidiary SKLN; Shopping centers in the US; Office buildings in Israel; and Shopping centers in Germany segments. The company also engages in the acquisition, development, and sale of real estate assets and land; acquisition, development, improvement, management, operation, sale, and leasing of commercial centers; acquisition, development, improvement, management, operation, and sale of office buildings; and acquisition, ownership, and management of hotels and resorts. The company was formerly known as Mishorim Development Co. Ltd. and changed its name to Mishorim Real Estate Investments Ltd in January 2017. Mishorim Real Estate Investments Ltd was incorporated in 1990 and is headquartered in Bnei Brak, Israel.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Mishorim Real Estate Investments Ltd reported revenue of 341M ILA in FY2025 versus 455M ILA in FY2021, a compound −6.9%/yr. Reported net income was −52.0M ILA in FY2025.

Growth Quality 0/100
Revenue growth is weak, negative or inconsistent.
Latest Revenue (FY 2025)
341M ILS
Latest YoY
−27.1%
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.
−10.1%
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.
−4.7%
Avg. growth/yr (20Y) 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.
+4.0%
Revenue −6.9%/yr
FY21 455M ILA
FY22 469M ILA
FY23 470M ILA
FY24 468M ILA
FY25 341M ILA
Net income
FY21 149M ILA
FY22 50.9M ILA
FY23 −39.8M ILA
FY24 −22.2M ILA
FY25 −52.0M ILA

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Cite: Fair Value Calculator (2026). "Mishorim Real Estate Investments Ltd Fair Value". https://www.fairvalue-calculator.com/stock/MSHR

Peer Group

Real Estate Services · 520 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 36 · Bottom 25%
Fair Value upside +71% · Top 25%
Return on assets 1% · Below median
Net margin (TTM) -13% · Bottom 25%
Operating margin (TTM) 17% · Below median
Revenue growth -3% · Below median
Debt / equity 2.47× · Higher than 75% of peers

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/B 0.07× · Cheaper than 75% of peers
P/S (TTM) 0.11× · Cheaper than 75% of peers
EV/EBITDA 10.9× · 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 100 · sector 37
FUTURE 0 · sector 10
PAST 0 · sector 16
HEALTH 0 · sector 85
DIVIDEND 0 · sector 49

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 18, 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 Mishorim Real Estate Investments Ltd (MSHR) overvalued or undervalued?
As of Jul 18, 2026, our model estimates a fair value of 5.68 ILA versus a price of 3.32 ILA, about +71% (undervalued).
What is the fair value of MSHR?
Our model-based fair value for Mishorim Real Estate Investments Ltd is 5.68 ILA (as of Jul 18, 2026), built from audited fundamentals. The current price is 3.32 ILA.
What is the quality score of MSHR?
Mishorim Real Estate Investments Ltd has a Quality Score of 36/100. 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 Mishorim Real Estate Investments Ltd (MSHR)?
Mishorim Real Estate Investments Ltd reported trailing-twelve-month revenue of about 341M ILS (latest available figure, as of Jul 18, 2026).
What is the net profit margin of MSHR?
The net profit margin of Mishorim Real Estate Investments Ltd is about -15.3%, meaning it is currently running at a net loss. 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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