Shapir Engineering and Industry Ltd (SPEN) Fair Value & Analysis
Industrials · Il · Market cap 16.1B ILA
Fair value as of: Jul 11, 2026
From 14 valuation models · updated 29 days ago
Fair value updated Jul 11, 2026, revised from 12.41 ILA to 11.13 ILA (−10.3%) since Jun 24, 2026. Share price −9.5% over the past month.
Below-average quality, and screening another 75% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (13.91 ILA). The favourable scenario is already priced in.
- Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 11, 2026.
How to read this chart
60‑month range 18.80 ILA – 52.36 ILA · fair‑value band 8.35 ILA – 13.91 ILA · the 45.24 ILA price screens above the 11.13 ILA fair value. Dashed = 300-day average. As of Jul 11, 2026.
Analysis
Shapir Engineering and Industry Ltd (SPEN) currently trades at 45.24 ILA, while our model-based Fair Value estimate is 11.13 ILA, implying the stock looks roughly 75.4% overvalued today. The Quality Score stands at 41/100 (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: high).
Over the trailing twelve months, Shapir Engineering and Industry Ltd generated revenue of 6.3B ILA at a net margin of 4.4%. Revenue grew 13.7% year over year. It earns a return on equity of 8.0%. Net debt stands at 9.8B ILA. Fundamentals as of Jul 11, 2026
Our scenario range runs from 8.35 ILA (bear case) to 13.91 ILA (bull case); at 45.24 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 -75%, SPEN 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.
All 14 models by family
Widest divergence: Growth Earnings (12.41 ILA) versus Dividend Discount (3.59 ILA). Highest evidence: Residual Income (76).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 11, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 36 · Market factors (momentum, volatility) 77
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
Shapir Engineering and Industry Ltd engages in the construction, engineering, and infrastructure businesses in Israel. The company offers concrete, cement, quarry materials, asphalt, and prefabricated elements, as well as piping products and steel for construction industries; and geotechnical and subterranean engineering and transport systems.
Full company description
Shapir Engineering and Industry Ltd engages in the construction, engineering, and infrastructure businesses in Israel. The company offers concrete, cement, quarry materials, asphalt, and prefabricated elements, as well as piping products and steel for construction industries; and geotechnical and subterranean engineering and transport systems. It also undertakes infrastructure projects, including construction of roads, cutting through complex and tunnels for developing light rail systems, marine works, construction of deep-water ports, docks, and power plants, as well as construction of bridges, interchanges, public, and commercial projects. In addition, it is involved in sale or rental of residential apartments and office and commercial spaces; logistics; warehousing services; inventory management, and distribution; urban renewable projects; operation of parking lots and a toll road; construction, maintenance and operation of a natural gas distribution network; casting, coating and wrapping metal pipes, and fittings; and supply chain management solutions. Further, the company offers retaining walls, structure foundations and bracing, slope stabilization, ground anchors, and grout and jet grouting services. It serves concrete, cement products, quarry materials, asphalt, piping for industry, steel for construction, prefabricated elements, geotechnical and subterranean engineering, and transport system industries. The company was formerly known as Shapir Bareket Holdings Ltd. and changed its name to Shapir Engineering and Industry Ltd in September 2014. Shapir Engineering and Industry Ltd was founded in 1968 and is based in Petah Tikva, Israel.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Shapir Engineering and Industry Ltd reported revenue of 6.1B ILA in FY2025 versus 3.9B ILA in FY2021, a compound +11.8%/yr. Reported net income was 235M ILA in FY2025, compounding −14.3%/yr from FY2021.
SPEN screens 75% overvalued. Compare with Larsen & Toubro Limited →
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.
Valuation Multiples vs Engineering & Construction median · lower = cheaper
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: 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.
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 11, 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
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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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