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Shikun & Binui Ltd (SKBN) Fair Value & Analysis

Industrials · Il · Market cap 10.8B ILA

SB Shikun & Binui Ltd SKBN · TA
Price18.45 ILA
Fair Value3.50 ILA
Upside-81.0%
Quality28/100
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Expensive Growth
Loss-making · -4.2% net margin
High debt · negative free cash flow
Trails peers (2/10)
Narrow moat 19/100
Evidence: Medium Range 2.12 ILA – 4.37 ILA Share as image

Fair value as of: Jul 12, 2026

From 13 valuation models · updated 28 days ago

Fair value updated Jul 12, 2026, revised from 3.79 ILA to 3.50 ILA (−7.7%) since Jun 24, 2026. Share price −6.6% over the past month.

Below-average quality, and screening another 81% overvalued on our models.

What matters 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.
  • A fairly wide model range (2.12 ILA to 4.37 ILA) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

24.04 ILA 6.97 ILA Fair Value 3.50 ILA Apr 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 6.97 ILA – 24.04 ILA · fair‑value band 2.12 ILA – 4.37 ILA · the 18.45 ILA price screens above the 3.50 ILA fair value. Dashed = 300-day average. As of Jul 12, 2026.

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Analysis

Shikun & Binui Ltd (SKBN) currently trades at 18.45 ILA, while our model-based Fair Value estimate is 3.50 ILA, implying the stock looks roughly 81.0% overvalued today. The Quality Score stands at 28/100 (below-average quality), in the Industrials 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: medium).

Over the trailing twelve months, Shikun & Binui Ltd generated revenue of 9.5B ILA at a net margin of -4.1%. Revenue grew 6.2% year over year. It earns a return on equity of -9.4%. Net debt stands at 11.6B ILA. Fundamentals as of Jul 12, 2026

Our scenario range runs from 2.12 ILA (bear case) to 4.37 ILA (bull case); at 18.45 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 Industrials peers we cover trades at -45% fair-value upside, at -81%, SKBN 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 BearBaseBull Evidence
Highest evidence
Residual Income 7.07 ILA 6.72 ILA 5.18 ILA 76
Gordon GGM 0.8700 ILA 1.76 ILA 2.86 ILA 70
Growth-Adj P/E 2.05 ILA 2.93 ILA 3.81 ILA 68
All 13 models by family
Earnings-Based
Graham-Dodd 1.13 ILA 2.97 ILA 3.87 ILA 54
PEG = 1.0 0.5700 ILA 0.8100 ILA 1.05 ILA 46
Dividend Discount
Gordon GGM 0.8700 ILA 1.76 ILA 2.86 ILA 70
DDM Multi-Stage 0.8700 ILA 1.34 ILA 1.84 ILA 61
Multiples
P/E Multiple 2.62 ILA 3.50 ILA 4.37 ILA 63
P/S Multiple 2.12 ILA 2.83 ILA 3.54 ILA 58
P/B Multiple 2.12 ILA 2.83 ILA 3.54 ILA 55
EV/EBIT 5.18 ILA 11.11 ILA 17.04 ILA 53
EV/EBITDA 6.27 ILA 12.56 ILA 18.85 ILA 54
EV/Revenue 0.0900 ILA 5.53 ILA 10.97 ILA 43
Asset-Based
NCAV (Graham) 5.06 ILA 6.78 ILA 10.12 ILA 50
Economic Profit
Residual Income 7.07 ILA 6.72 ILA 5.18 ILA 76
Growth Earnings
Growth-Adj P/E 2.05 ILA 2.93 ILA 3.81 ILA 68

Widest divergence: Asset-Based (6.78 ILA) versus Earnings-Based (0.8100 ILA). Highest evidence: Residual Income (76).

Key figures & financial health

Revenue (TTM) 9.5B ILA
Revenue growth (YoY) -6.5%
Net margin -4.2%
Return on equity -9.5%
Free cash flow −1.3B ILA FY2025
Operating margin 3.3%
More key figures
EPS (TTM) -0.2400 ILA
EPS growth (YoY) +33.3%
Net debt 11.6B ILA FY2025

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

Quality Score breakdown

Overall quality 28/100

Of which business quality 26 · Market factors (momentum, volatility) 50

Profitability 17
Margins and returns on capital today
Quality Growth 71
Are margins and returns improving?
Cashflow 0
Earnings quality: real cash, not paper profit
Fin. Strength 12
Balance sheet, leverage, solvency risk
Investment 72
Disciplined investing over empire-building
Low Volatility 69
Calm price path (market factor)
Momentum 39
Price trend over the last 3–12 months (market factor)
52W Momentum 49
Distance to the 52-week high (market factor)
Net Issuance 20
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

Shikun & Binui Ltd., together with its subsidiaries, operates as an infrastructure and real estate company in Israel and internationally.

Full company description

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.

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

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Shikun & Binui Ltd reported revenue of 9.3B ILA in FY2025 versus 6.1B ILA in FY2021, a compound +10.9%/yr. Reported net income was 97.0M ILA in FY2025, compounding −2.0%/yr from FY2021.

Growth Quality 42/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Latest Revenue (FY 2025)
9.3B ILS
Latest YoY
+9.5%
Avg. growth/yr (3Y)
+6.7%
Avg. growth/yr (5Y)
+7.2%
Avg. growth/yr (25Y)
+4.7%
Revenue +10.9%/yr
FY21 6.1B ILA
FY22 7.7B ILA
FY23 8.2B ILA
FY24 8.5B ILA
FY25 9.3B ILA
Net income −2.0%/yr
FY21 105M ILA
FY22 84.0M ILA
FY23 288M ILA
FY24 −1.0B ILA
FY25 97.0M ILA

SKBN screens 81% overvalued. Compare with Larsen & Toubro Limited →

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Cite: Fair Value Calculator (2026). "Shikun & Binui Ltd Fair Value". https://www.fairvalue-calculator.com/stock/SKBN

Peer Group

Engineering & Construction · 837 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 28 · Bottom 25%
Fair Value upside −81% · Bottom 25%
Return on assets -0% · Bottom 25%
Net margin (TTM) -4% · Bottom 25%
Operating margin (TTM) 3% · Below median
Revenue growth -7% · Below median
Debt / equity 1.65× · Higher than 75% of peers

Valuation Multiples vs Engineering & Construction median · lower = cheaper

P/B 0.60× · Cheaper than median
P/S (TTM) 0.37× · 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 16
FUTURE 0 · sector 18
PAST 0 · sector 26
HEALTH 18 · sector 94
DIVIDEND 0 · sector 33

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

Stock Price Fair Value vs Fair Value
Larsen & Toubro Limited LT ₹3,815 ₹1,994 -48%
Samsung C&T Corporation 028260 346,000 KRW 268,779 KRW -22%
Hyundai Engineering & Construction Co 000720 99,000 KRW 63,993 KRW -35%
United Integrated Services Co 2404 1,250 TWD 925.62 TWD -26%
Samsung E&A Co 028050 42,550 KRW 44,840 KRW +5%
Rail Vikas Nigam Limited RVNL ₹232.67 ₹61.46 -74%
Daewoo Engineering & Construction Co 047040 16,240 KRW 6,507 KRW -60%
NBCC (India) Limited NBCC ₹96.32 ₹48.22 -50%
Cemindia Projects Limited CEMPRO ₹1,330 ₹730.69 -45%
KEPCO Engineering & Construction Company 052690 92,700 KRW 20,172 KRW -78%

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Frequently asked questions

Is Shikun & Binui Ltd (SKBN) overvalued or undervalued?
As of Jul 12, 2026, our model estimates a fair value of 3.50 ILA versus a price of 18.45 ILA, about −81% (overvalued).
What is the fair value of SKBN?
Our model-based fair value for Shikun & Binui Ltd is 3.50 ILA (as of Jul 12, 2026), built from audited fundamentals. The current price is 18.45 ILA.
What is the quality score of SKBN?
Shikun & Binui Ltd 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 revenue of Shikun & Binui Ltd (SKBN)?
Shikun & Binui Ltd reported trailing-twelve-month revenue of about 9.5B ILS (latest available figure, as of Jul 12, 2026).
What is the net profit margin of SKBN?
The net profit margin of Shikun & Binui Ltd is about -4.1%, 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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