Shikun & Binui (SKBN) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Shikun & Binui ILS 3.50, price ILS 18.16, upside -80.7%, quality 28 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
Structural break:
The valuation model sees a lasting decline in earnings power for this stock, the confidence band is broken. Treat the target with caution.
Weakest SetupStrongly overvalued and low quality.
!Fair value 3.50 ILA · Strongly overvalued (−81%)
!Quality 28/100
!Expensive Growth(revenue 5y +7.2 %/yr)
!Loss over the last twelve months · -4.2% net margin (TTM) · fiscal year 2025 1.0%
!High debt · negative free cash flow
!Trails peers(2/10)
!Narrow moat19/100
!Evidence only low, so the estimate is less certain
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range 6.64 ILA – 22.65 ILA · fair‑value band 2.12 ILA – 4.37 ILA · the 18.16 ILA price screens above the 3.50 ILA fair value. Dashed = 300-day average. As of Sep 24, 2026.
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Shikun & Binui Ltd., together with its subsidiaries, operates as an infrastructure and real estate company in Israel and internationally.
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Shikun & Binui Ltd., together with its subsidiaries, operates as an infrastructure and real estate company in Israel and internationally. It engages in the development, planning, and construction of housing projects; developing commercial real estate projects, as well as rental properties such as student dormitories, office buildings and commercial space; provision of building sites solution and engineering work, such as power plants, desalination and purification facilities, bridges, and office- and residential high-rises; and paving of roads, construction of airstrips, construction of interchanges, digging of tunnels, excavation of underground passages, and railroad tracks. The company is also involved in the planning and execution of BOT projects; production of precast elements for construction and infrastructure; drilling, foundation and lining works, and groundwater degradation works; production of concrete and clay; developing, financing, and operating large-scale infrastructure projects under PPP schemes and other concession schemes. In addition, it operates as an independent power producer. The company was formerly known as Housing and Construction Holding Company Ltd. and changed its name to Shikun & Binui Ltd. in March 2009. The company was founded in 1920 and is headquartered in Airport City, Israel.
Stock analysis
Shikun & Binui (SKBN) currently trades at 18.16 ILA, while our model-based Fair Value estimate is 3.50 ILA, implying the stock looks roughly 418.9% overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of 6.78 ILA per share, and 0 of the 11 models we run sit above the 18.16 ILA price.
Bear case: the Earnings-Based group reads lowest at 0.8100 ILA, and 11 of the 11 models stay below the price. Evidence for this calculation is low.
Scenario range: 2.12 ILA (bear) to 4.37 ILA (bull), the price of 18.16 ILA sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 28/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Shikun & Binui reported revenue of 9.3B ILS in FY2025 versus 6.1B ILS in FY2021, a compound +10.9%/yr. Reported net income was 97.0M ILS in FY2025, compounding −2.0%/yr from FY2021.
Key figures
Market cap 10.4B ILA · P/S ratio 1.14 · EPS (TTM) −0.2400 ILA · Net margin 1.0% · Return on equity −9.5% · Return on assets (EBIT) 2.4% · Operating margin 3.3% · Revenue (TTM) 9.5B ILA.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 20% below its 52-week high and 38% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at −81%, SKBN screens richer than that median.
Fair Value models
The price assumes far more growth than our models allow for, so the models scatter widely (0.8100 ILA to 12.56 ILA). Read the Fair Value as a cautious anchor, not a price target; the Growth Forecast section shows what the price assumes.
Bear 2.12 ILAFair Value 3.50 ILABull 4.37 ILA
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single 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 ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.42/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+9.5%
Revenue growth 3 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+6.7%
Revenue growth 5 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+7.2%
Start year 2020 (pandemic). Over 10 years: +6.3% a year
Revenue growth 25 years ⓘ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. Per-share growth (which does include buybacks) is in the value-creation card.
+4.7%
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What shareholders gained per year (last 5 years) ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis.
+5.1%
Earnings growth per share plus dividend.
Earnings per share, growth per year+5.1%
Dividend (yield on the price)0.0%
Pace: 5 vs 10 years ⓘTwo data points, not a trend model: earnings growth per share over the last 5 fiscal years against the last 10. Labelled "steady" when both rates are within 3 percentage points of each other, otherwise picking up or flattening. Shown only when ten years of history exist.−11% vs −17%, picking up
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.8% → 9%
Price, fair value, quality and upside side by side.
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Peer Groupⓘ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.Engineering & Construction · 836 stocks
Beats the industry median on 2/9 measures
Overall it trails its industry peers.
Valuation
Quality Score28 · Bottom 25%
Fair Value upside−81% · Bottom 25%
Profitability
Return on assets0% · Bottom 25%
Net margin (TTM)−4% · Bottom 25%
Operating margin (TTM)3% · Below median
Growth and dividend
Revenue growth−7% · Below median
Balance sheet
Debt / equity1.65× · Highest 25%
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/B0.58× · Cheaper than median
P/S (TTM)0.36× · Cheaper than median
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 28
FUTURE (revenue growth)0· sector 11
PAST (return on equity)0· sector 28
HEALTH (low debt)18· sector 94
DIVIDEND (yield)0· sector 41
VALUE 0: the price sits above our fair-value range.
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Is Shikun & Binui (SKBN) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 3.50 ILA versus a price of 18.16 ILA, about −81% upside (overvalued).
What is the fair value of SKBN?
Our model-based fair value for Shikun & Binui is 3.50 ILA (as of Sep 24, 2026), built from audited fundamentals. The current price: 18.16 ILA.
What is the quality score of SKBN?
Shikun & Binui has a Quality Score of 28/100. 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 price target for Shikun & Binui (SKBN)?
Our model-based price target is the fair value of 3.50 ILA (as of Sep 24, 2026) from 12 valuation models. Cautious scenario 2.12 ILA, optimistic scenario 4.37 ILA. It is a calculation from audited fundamentals, not an analyst target.
What is the Shikun & Binui stock forecast for 2026?
Our models put fair value at 3.50 ILA, about −81% upside versus a price of 18.16 ILA (overvalued). Cautious scenario 2.12 ILA, optimistic scenario 4.37 ILA. The calculation is refreshed regularly with new filings.
What is the revenue of Shikun & Binui (SKBN)?
Shikun & Binui reported trailing-twelve-month revenue of about 9.5B ILS (latest available figure, as of Sep 24, 2026).
What is the intrinsic value of Shikun & Binui (SKBN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shikun & Binui it is 3.50 ILA per share (as of Sep 24, 2026), against a price of 18.16 ILA. It is the blended result of 12 valuation models (cash flow, earnings, asset, dividend).
Is Shikun & Binui stock overvalued or undervalued in 2026?
As of Sep 24, 2026, SKBN trades above its calculated fair value: price 18.16 ILA, fair value 3.50 ILA, a gap of about −81% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of SKBN?
No. The price is what the market pays today (18.16 ILA); the fair value is what the company's own numbers justify (3.50 ILA). For Shikun & Binui the two are 14.66 ILA per share apart. That gap is exactly why we show both numbers side by side.
How much is Shikun & Binui worth?
The market values Shikun & Binui at about 10.4B ILA (market capitalisation, as of Sep 24, 2026). Per share that is 18.16 ILA; our models calculate a fair value of 3.50 ILA per share.
What do the bullish and bearish scenarios say about SKBN?
Our models span a range for Shikun & Binui: cautious scenario 2.12 ILA, base 3.50 ILA, optimistic 4.37 ILA per share (as of Sep 24, 2026, price 18.16 ILA). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of Shikun & Binui (SKBN)?
Balance-sheet figures for Shikun & Binui (as of Sep 24, 2026): return on equity −9.5%, debt of 1.65 per unit of equity. They feed the Quality Score of 28/100, which measures business quality independently of the share price.
How far is SKBN from its 52-week high?
Shikun & Binui trades at 18.16 ILA, about 20% below its 52-week high of 22.65 ILA and 38% above the low of 13.15 ILA (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 3.50 ILA is for.
Which stocks are comparable to Shikun & Binui?
From the same area (Industrials) we also value Quanta Services, Inc, Vinci SA, Comfort Systems USA, Inc, Larsen & Toubro Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Shikun & Binui stock attractive at the current price?
The data as of Sep 24, 2026: price 18.16 ILA, calculated fair value 3.50 ILA (−81%), Quality Score 28/100, from 12 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of SKBN calculated?
We run Shikun & Binui through 12 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of 3.50 ILA, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.1 % above its aggregate fair value. Shikun & Binui itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Shikun & Binui (SKBN)?
The closing price on Sep 23, 2026 was 18.16 ILA. Our model-based fair value is 3.50 ILA, about −81% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shikun & Binui right now?
The price sits above even our optimistic bull case (4.37 ILA). The favourable scenario is already priced in. Weak quality (28/100) and above fair value at the same time, the margin of safety is missing on both counts. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. A fairly wide model range (2.12 ILA to 4.37 ILA) leaves room in how you read the outcome.
Key figures of Shikun & Binui
How large is the market capitalisation of Shikun & Binui (SKBN)?
The market capitalisation of Shikun & Binui is 10.4B ILA. The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Shikun & Binui (SKBN)?
The price-to-sales ratio of Shikun & Binui is 1.14 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Shikun & Binui (SKBN)?
Earnings per share at Shikun & Binui are −0.2400 ILA. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Shikun & Binui (SKBN)?
The net margin of Shikun & Binui is 1.0% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Shikun & Binui (SKBN)?
The return on equity (ROE) of Shikun & Binui is −9.5% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Shikun & Binui (SKBN)?
On an EBIT basis the return on assets of Shikun & Binui is 2.4% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Shikun & Binui (SKBN)?
The operating margin of Shikun & Binui is 3.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shikun & Binui (SKBN)?
Revenue at Shikun & Binui is growing −6.5% versus a year earlier (3y avg +6.7%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Shikun & Binui (SKBN)?
Earnings per share at Shikun & Binui are growing +33.3% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shikun & Binui (SKBN) generate?
The free cash flow of Shikun & Binui is −1.3B ILA (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does Shikun & Binui (SKBN) carry?
The net debt of Shikun & Binui is 11.6B ILA (fiscal year 2025). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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