Shapir Engineering Industry (SPEN) fair value: what the stock is really worth
As of Sep 23, 2026: fair value of Shapir Engineering Industry ILS 11.13, price ILS 42.62, upside -73.9%, quality 41 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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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 17.49 ILA – 48.70 ILA · fair‑value band 8.35 ILA – 11.13 ILA · the 42.62 ILA price screens above the 11.13 ILA fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 24, 2026.
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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.
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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.
Stock analysis
Shapir Engineering Industry (SPEN) currently trades at 42.62 ILA, while our model-based Fair Value estimate is 11.13 ILA, implying the stock looks roughly 283.0% overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of 13.78 ILA per share, and 0 of the 14 models we run sit above the 42.62 ILA price.
Bear case: the Dividend Discount group reads lowest at 3.37 ILA, and 14 of the 14 models stay below the price. Evidence for this calculation is high.
Scenario range: 8.35 ILA (bear) to 11.13 ILA (bull), the price of 42.62 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 41/100 (below-average quality), in the Industrials sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Shapir Engineering Industry reported revenue of 6.1B ILS in FY2025 versus 3.9B ILS in FY2021, a compound +11.8%/yr. Reported net income was 235M ILS in FY2025, compounding −14.3%/yr from FY2021.
Key figures
Market cap 15.5B ILA · P/E ratio 56.8 · P/S ratio 2.20 · EPS (TTM) 0.7500 ILA · Dividend yield 0.5% · Net margin 3.9% · Return on equity 8.0% · Return on assets (EBIT) 4.5%.
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 12% below its 52-week high and 78% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Industrials peers we cover trades at −31% fair-value upside, at −74%, SPEN screens richer than that median.
Fair Value models
Bear 8.35 ILAFair Value 11.13 ILABull 11.13 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. Based on fiscal year 2025 figures (about 9 months old). Earnings retained since then (0.5486 ILS per share) are deliberately not added.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.53/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+19.4%
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.
+10.1%
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.
+11.8%
Start year 2020 (pandemic). Over 10 years: +9.4% a year
Revenue growth 14 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.
+14.6%
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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.
+0.2%
Earnings growth per share plus dividend.
Earnings per share, growth per year−0.3%
Dividend (yield on the price)0.5%
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.−7% vs 2%, slowing
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.15% → 9%
Compare Shapir Engineering Industry with another stock
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 4/13 measures
Overall it trails its industry peers.
Valuation
Quality Score41 · Below median
Fair Value upside−74% · Bottom 25%
Profitability
Return on equity (TTM)8% · Above median
Return on assets2% · Below median
Net margin (TTM)4% · Above median
Operating margin (TTM)8% · Above median
Growth and dividend
Revenue growth14% · Above median
Dividend yield (TTM)0.5% · Bottom 25%
Balance sheet
Debt / equity2.55× · Highest 25%
Valuation Multiplesvs Engineering & Construction median · lower = cheaper
P/E (TTM)56.8× · Priciest 25%
P/B1.57× · Pricier than median
P/S (TTM)0.81× · Pricier than median
EV/EBITDA16.6× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 28
FUTURE (revenue growth)69· sector 11
PAST (return on equity)32· sector 28
HEALTH (low debt)0· sector 94
DIVIDEND (yield)10· sector 41
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Cite: Fair Value Calculator (2026). "Shapir Engineering Industry Fair Value". https://www.fairvalue-calculator.com/stock/SPEN
Frequently asked questions
Is Shapir Engineering Industry (SPEN) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of 11.13 ILA versus a price of 42.62 ILA, about −74% upside (overvalued).
What is the fair value of SPEN?
Our model-based fair value for Shapir Engineering Industry is 11.13 ILA (as of Sep 24, 2026), built from audited fundamentals. The current price: 42.62 ILA.
What is the quality score of SPEN?
Shapir Engineering Industry has a Quality Score of 41/100. 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 Shapir Engineering Industry (SPEN)?
Our model-based price target is the fair value of 11.13 ILA (as of Sep 24, 2026) from 15 valuation models. Cautious scenario 8.35 ILA, optimistic scenario 11.13 ILA. It is a calculation from audited fundamentals, not an analyst target.
What is the Shapir Engineering Industry stock forecast for 2026?
Our models put fair value at 11.13 ILA, about −74% upside versus a price of 42.62 ILA (overvalued). Cautious scenario 8.35 ILA, optimistic scenario 11.13 ILA. The calculation is refreshed regularly with new filings.
What is the revenue of Shapir Engineering Industry (SPEN)?
Shapir Engineering Industry reported trailing-twelve-month revenue of about 6.3B ILS (latest available figure, as of Sep 24, 2026).
Does Shapir Engineering Industry pay a dividend?
Shapir Engineering Industry currently shows a dividend yield of about 0.50% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Shapir Engineering Industry (SPEN)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Shapir Engineering Industry it is 11.13 ILA per share (as of Sep 24, 2026), against a price of 42.62 ILA. It is the blended result of 15 valuation models (cash flow, earnings, asset, dividend).
Is Shapir Engineering Industry stock overvalued or undervalued in 2026?
As of Sep 24, 2026, SPEN trades above its calculated fair value: price 42.62 ILA, fair value 11.13 ILA, a gap of about −74% (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 SPEN?
No. The price is what the market pays today (42.62 ILA); the fair value is what the company's own numbers justify (11.13 ILA). For Shapir Engineering Industry the two are 31.49 ILA per share apart. That gap is exactly why we show both numbers side by side.
How much is Shapir Engineering Industry worth?
The market values Shapir Engineering Industry at about 15.5B ILA (market capitalisation, as of Sep 24, 2026). Per share that is 42.62 ILA; our models calculate a fair value of 11.13 ILA per share.
What do the bullish and bearish scenarios say about SPEN?
Our models span a range for Shapir Engineering Industry: cautious scenario 8.35 ILA, base 11.13 ILA, optimistic 11.13 ILA per share (as of Sep 24, 2026, price 42.62 ILA). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SPEN?
Shapir Engineering Industry trades at a price-to-earnings ratio of 56.8 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 11.13 ILA is built from several models across several years. Other multiples: P/B 1.6, P/S 0.8, EV/EBITDA 16.6.
How solid is the balance sheet of Shapir Engineering Industry (SPEN)?
Balance-sheet figures for Shapir Engineering Industry (as of Sep 24, 2026): return on equity 8.0%, debt of 2.55 per unit of equity. They feed the Quality Score of 41/100, which measures business quality independently of the share price.
How far is SPEN from its 52-week high?
Shapir Engineering Industry trades at 42.62 ILA, about 12% below its 52-week high of 48.70 ILA and 78% above the low of 23.98 ILA (as of Sep 23, 2026). Distance from the high says nothing about value: that is what the fair value of 11.13 ILA is for.
Which stocks are comparable to Shapir Engineering Industry?
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 Shapir Engineering Industry stock attractive at the current price?
The data as of Sep 24, 2026: price 42.62 ILA, calculated fair value 11.13 ILA (−74%), Quality Score 41/100, from 15 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 SPEN calculated?
We run Shapir Engineering Industry through 15 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 11.13 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. Shapir Engineering Industry 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 Shapir Engineering Industry (SPEN)?
The closing price on Sep 23, 2026 was 42.62 ILA. Our model-based fair value is 11.13 ILA, about −74% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Shapir Engineering Industry right now?
The price sits above even our optimistic bull case (11.13 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.
Where does the earnings growth of Shapir Engineering Industry (SPEN) come from?
Earnings per share at Shapir Engineering Industry grew −1.9 % a year from 2014 to 2025. Broken into its drivers: revenue per share +6.8 %, EBIT margin −3.1 %, tax rate −0.2 %, residual (interest, one-offs) −5.1 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of Shapir Engineering Industry
How large is the market capitalisation of Shapir Engineering Industry (SPEN)?
The market capitalisation of Shapir Engineering Industry is 15.5B 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 Shapir Engineering Industry (SPEN)?
The price-to-sales ratio of Shapir Engineering Industry is 2.20 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Shapir Engineering Industry (SPEN)?
Earnings per share at Shapir Engineering Industry are 0.7500 ILA (price ÷ EPS = P/E 56.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Shapir Engineering Industry (SPEN)?
The dividend yield of Shapir Engineering Industry is 0.5% (payout 28.3%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Shapir Engineering Industry (SPEN)?
The net margin of Shapir Engineering Industry is 3.9% (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 Shapir Engineering Industry (SPEN)?
The return on equity (ROE) of Shapir Engineering Industry is 8.0% (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 Shapir Engineering Industry (SPEN)?
On an EBIT basis the return on assets of Shapir Engineering Industry is 4.5% (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 Shapir Engineering Industry (SPEN)?
The operating margin of Shapir Engineering Industry is 7.6% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Shapir Engineering Industry (SPEN)?
Revenue at Shapir Engineering Industry is growing +13.7% versus a year earlier (3y avg +10.1%). 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 Shapir Engineering Industry (SPEN)?
Earnings per share at Shapir Engineering Industry are growing +200% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Shapir Engineering Industry (SPEN) generate?
The free cash flow of Shapir Engineering Industry is −198M 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 Shapir Engineering Industry (SPEN) carry?
The net debt of Shapir Engineering Industry is 9.8B 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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