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Mivne Real Estate (K.D) Ltd (MVNE) Fair Value & Analysis

Real Estate · Il · Market cap 9.3B ILA

MR Mivne Real Estate (K.D) Ltd MVNE · TA
Price12.69 ILA
Fair Value10.17 ILA
Upside-19.9%
Quality62/100
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Strengths

Healthy Growth (revenue 5y +7.0 %/yr)
Highly profitable · 47.8% net margin
Moderate debt · generates free cash flow
Wide moat 66/100

Risks

!Trades 25% ABOVE our fair value of 10.17 ILA
!Mixed vs. peers (7/14)
!Weak on valuation: 7 out of 100
!Weak on past: 29 out of 100
Healthy Growth (revenue 5y +7.0 %/yr)
Highly profitable · 47.8% net margin
Moderate debt · generates free cash flow
Mixed vs. peers (7/14)
Wide moat 66/100
Evidence: High Range 9.67 ILA – 14.58 ILA Share as image

Fair value as of: Aug 20, 2026

From 16 valuation models · updated 7 days ago

Share price −3.6% over the past month.

A solid business, but trading 25% above our fair value.

What runs behind every stock

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

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What matters now

  • Solid but not exceptional quality (62/100) 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)

16.09 ILA 7.16 ILA Fair Value 10.17 ILA Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 20, 2026.

How to read this chart

60‑month range 7.16 ILA – 16.09 ILA · fair‑value band 9.67 ILA – 14.58 ILA · the 12.69 ILA price screens above the 10.17 ILA fair value. Dashed = 300-day average. As of Aug 20, 2026.

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Analysis

Mivne Real Estate (K.D) Ltd (MVNE) currently trades at 12.69 ILA, while our model-based Fair Value estimate is 10.17 ILA, implying the stock looks roughly 19.9% overvalued today. The Quality Score stands at 62/100 (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, Mivne Real Estate (K.D) Ltd generated revenue of 1.3B ILA at a net margin of 47.8%. Revenue declined 27.6% year over year. It earns a return on equity of 7.2%. Net debt stands at 8.9B ILA. Fundamentals as of Aug 20, 2026

Our scenario range runs from 9.67 ILA (bear case) to 14.58 ILA (bull case); at 12.69 ILA, the current price sits within 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 -25% fair-value upside, at -20%, MVNE 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 2.57 ILA 8.02 ILA 15.46 ILA 80
Residual Income 9.87 ILA 10.47 ILA 11.58 ILA 76
Rev-Margin DCF 0.7100 ILA 6.40 ILA 12.48 ILA 74
All 16 models by family
DCF Models
FCF DCF 2.39 ILA 8.55 ILA 17.49 ILA 38
5Y Revenue Exit 0.7100 ILA 6.38 ILA 13.51 ILA 39
5Y EBITDA Exit 2.96 ILA 10.56 ILA 19.32 ILA 41
10Y Revenue Exit 0.9300 ILA 6.16 ILA 13.00 ILA 36
10Y EBITDA Exit 2.62 ILA 8.99 ILA 17.31 ILA 37
Dividend Discount
Gordon GGM 0.8500 ILA 1.69 ILA 2.56 ILA 70
DDM Multi-Stage 0.8500 ILA 1.36 ILA 1.79 ILA 61
Multiples
P/S Multiple 9.91 ILA 13.22 ILA 16.52 ILA 58
P/B Multiple 12.21 ILA 16.28 ILA 20.35 ILA 55
EV/EBIT 8.72 ILA 14.86 ILA 21.01 ILA 53
EV/EBITDA 4.95 ILA 9.83 ILA 14.72 ILA 54
EV/Revenue 0.2500 ILA 4.52 ILA 8.79 ILA 43
Asset-Based
NCAV (Graham) 6.06 ILA 8.12 ILA 12.13 ILA 50
Growth DCF
Growth DCF 2.57 ILA 8.02 ILA 15.46 ILA 80
Rev-Margin DCF 0.7100 ILA 6.40 ILA 12.48 ILA 74
Economic Profit
Residual Income 9.87 ILA 10.47 ILA 11.58 ILA 76

Widest divergence: Multiples (13.22 ILA) versus Dividend Discount (1.36 ILA). Highest evidence: Growth DCF (80).

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Key figures & financial health

P/E ratio 14.6
P/S ratio 7.01 TTM
Dividend yield 0.0% payout 0.1%
Net margin 47.8% TTM
Return on equity 7.2% TTM
Return on assets 2.4% TTM
More key figures
Profitability
Operating margin 60.4% TTM
EPS (TTM) 0.8700 ILA
Growth
Revenue (TTM) 1.3B ILA TTM
Revenue growth (YoY) -27.6% 3y avg +12.5%
EPS growth (YoY) -27.6%
Balance sheet & cash flow
Free cash flow 818M ILA FY2025
Net debt 8.9B ILA FY2025 · ≈ 10.8 yrs of FCF

Figures from reported company fundamentals · as of Aug 20, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 62/100

Of which business quality 60 · Market factors (momentum, volatility) 47

Profitability 36
Margins and returns on capital today
Quality Growth 46
Are margins and returns improving?
Cashflow 87
Earnings quality: real cash, not paper profit
Fin. Strength 35
Balance sheet, leverage, solvency risk
Investment 83
Disciplined investing over empire-building
Low Volatility 82
Calm price path (market factor)
Momentum 32
Price trend over the last 3–12 months (market factor)
52W Momentum 34
Distance to the 52-week high (market factor)
Net Issuance 86
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.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Mivne Real Estate (K.D) Ltd engages in real estate activies in Israel, Switzerland, and France. The company operates through two segments, Income-Producing Real Estate and Residential Real Estate Development. It locates, plans, acquires, develops, constructs, markets, and sells housing units.

Full company description

Mivne Real Estate (K.D) Ltd engages in real estate activies in Israel, Switzerland, and France. The company operates through two segments, Income-Producing Real Estate and Residential Real Estate Development. It locates, plans, acquires, develops, constructs, markets, and sells housing units. The company is also involved in development, acquisition, construction, rental, and management of buildings for offices, high-tech, industrial, logistics and commercial purposes, data centres, and housing units. In addition, it operates gas stations; and engages in the renewable energy business. The company was formerly known as Industrial Buildings Corporation Ltd and is changed its name to Mivne Real Estate (K.D) Ltd in March 2020. Mivne Real Estate (K.D) Ltd was incorporated in 1961 and is based in Tel Aviv-Yafo, Israel.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Mivne Real Estate (K.D) Ltd reported revenue of 1.5B ILA in FY2025 versus 1.1B ILA in FY2021, a compound +7.6%/yr. Reported net income was 693M ILA in FY2025, compounding −7.4%/yr from FY2021.

Growth Quality 79/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2025)
1.5B ILS
Latest YoY
+3.3%
Avg. revenue 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.
+12.5%
Avg. revenue 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.
+7.0%
Avg. revenue growth/yr (17Y) 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%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+1.1% (1.1 + 0.0)
Revenue +7.6%/yr
FY21 1.1B ILA
FY22 1.0B ILA
FY23 1.2B ILA
FY24 1.4B ILA
FY25 1.5B ILA
Net income −7.4%/yr
FY21 942M ILA
FY22 1.3B ILA
FY23 333M ILA
FY24 549M ILA
FY25 693M ILA

MVNE screens 20% overvalued. Compare with CBRE Group →

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Cite: Fair Value Calculator (2026). "Mivne Real Estate (K.D) Ltd Fair Value". https://www.fairvalue-calculator.com/stock/MVNE

Peer Group

Real Estate Services · 541 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 64 · Top 25%
Fair Value upside −20% · Below median
Return on equity (TTM) 7% · Above median
Return on assets 2% · Above median
Net margin (TTM) 48% · Top 25%
Operating margin (TTM) 60% · Top 25%
Revenue growth -28% · Bottom 25%
Dividend yield (TTM) 0.0% · Bottom 25%
Debt / equity 0.86× · Higher than median

Valuation Multiples vs Real Estate Services median · lower = cheaper

P/E (TTM) 14.6× · Pricier than median
P/B 0.36× · Cheaper than median
P/S (TTM) 2.36× · Pricier than median
P/FCF 3.8× · Pricier than median
EV/EBITDA 12.9× · 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.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE7 · sector 33
FUTURE0 · sector 10
PAST29 · sector 17
HEALTH57 · sector 84
DIVIDEND0 · sector 59

Insider activity: 45/100

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

Similar stocks

10 more Real Estate Services stocks, each showing price versus our Fair Value estimate (as of Aug 20, 2026).

Stock Price Fair Value vs Fair Value
CBRE Group CBRE $147.40 $69.47 -53%
Vonovia SE VNA €20.06 €36.67 +83%
Cellnex Telecom, S.A CLNX €27.47 €25.46 -7%
KE Holdings BEKE $17.42 $6.57 -62%
Jones Lang LaSalle Incorporated JLL $387.37 $290.25 -25%
Swire Properties Limited 1972 HK$24.84 HK$5.12 -79%
CoStar Group CSGP $30.50 $4.64 -85%
China Resources Mixc Lifestyle Services Limited 1209 HK$39.84 HK$34.95 -12%
CapitaLand Investment Limited 9CI 2.73 SGD 0.4900 SGD -82%
Plaza S.A MALLPLAZA 3,989 CLP 4,571 CLP +15%

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Frequently asked questions

Is Mivne Real Estate (K.D) Ltd (MVNE) overvalued or undervalued?
As of Aug 20, 2026, our model estimates a fair value of 10.17 ILA versus a price of 12.69 ILA, about −20% (overvalued).
What is the fair value of MVNE?
Our model-based fair value for Mivne Real Estate (K.D) Ltd is 10.17 ILA (as of Aug 20, 2026), built from audited fundamentals. The current price: 12.69 ILA.
What is the quality score of MVNE?
Mivne Real Estate (K.D) Ltd has a Quality Score of 62/100. 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 Mivne Real Estate (K.D) Ltd (MVNE)?
Mivne Real Estate (K.D) Ltd reported trailing-twelve-month revenue of about 1.3B ILS (latest available figure, as of Aug 20, 2026).
What is the net profit margin of MVNE?
The net profit margin of Mivne Real Estate (K.D) Ltd is about 47.8%, meaning it keeps roughly 47.8% of revenue as net income. Based on the latest reported figures.
Does Mivne Real Estate (K.D) Ltd pay a dividend?
Mivne Real Estate (K.D) Ltd currently shows a dividend yield of about 0.01% relative to its recent price (as of Aug 20, 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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