Spring Ventures Ltd (SPRG) fair value: what the stock is really worth
As of Nov 2, 2026: fair value (intrinsic value) of Spring Ventures Ltd stock ILS 8.20, price ILS 5.05, upside +62.4%, quality 54 out of 100. Rating: strongly undervalued. Calculated from audited financials with 2 of our 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 5, 2026.
How to read this chart
60‑month range 3.90 ILS – 17.35 ILS · fair‑value band 6.15 ILS – 10.25 ILS · the 5.05 ILS price screens below the 8.20 ILS fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 5, 2026.
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Spring Ventures Ltd. Is a venture capital firm specializes in Seed stage, Series A stage and early stage investments. It typically invests in deep technology, SaaS with focus on business to business SaaS based models.
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It invests in private and public enterprises and companies primarily in the technology sector in Israel and internationally.
The company develops technological tools, applications, and other properties in the internet and technology sectors, as well as invests in securities traded in Nasdaq Stock Exchange. It also provides management services in the electronic commerce sector.
The company was formerly known as buy2 networks Ltd. and changed its name to Spring Ventures Ltd. in November 2016. Spring Ventures Ltd. was incorporated in 1999 and is based in Tel Aviv, Israel.
Stock analysis
Spring Ventures Ltd (SPRG) currently trades at 5.05 ILS, while our model-based Fair Value estimate is 8.20 ILS, implying the stock looks roughly 38% undervalued today.
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Valuation
How firm this estimate is: it rests on 2 models at a data quality of 96/100, which puts the data coverage at low.
Scenario range: 6.15 ILS (bear) to 10.25 ILS (bull), the price of 5.05 ILS sits below 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 54/100 (solid quality), in the Financial Services sector.
Mixed Growth: Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
Spring Ventures Ltd reported revenue of 2.5M ILS in FY2025 versus 75.8M ILS in FY2021, a compound −57.3%/yr. Reported net income was 3.4M ILS in FY2025, compounding −49.5%/yr from FY2021.
Key figures
Market cap 42.5M ILS Micro · P/E ratio 0.8 · P/S ratio 1.09 · EPS (TTM) 6.25 ILS · Net margin 135% · Return on equity −2.0% · Return on assets (EBIT) 7.2% (5-year average) · Operating margin 645%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 23 out of 100 (low confidence).
What moves the price
The share trades about 16% below its 52-week high and 8% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −16% fair-value upside, at 62%, SPRG screens cheaper than that median.
Fair Value models
Bear6.15 ILSFair Value 8.20 ILSBull10.25 ILS
Price 5.05 ILS · Upside +62.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 10 months old). Earnings retained since then (5.36 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. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Coverage ⓘCoverage = 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.55/100
Spin-off in 2025: revenue and profit before it include the divested business. Growth is measured afresh from 2025.
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.
−54.9%
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.
−9.1%
Revenue growth 17 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.
+0.1%
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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.
−16.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year−16.7%
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.−16.7% vs −22.5%, 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.3,635% → 191%
Pace: the 5-year rate starts in 2020 (pandemic)
⚠ Revenue per share shrinking 18.6%/yr over ~10Y (margin trend unclear) ⓘStructural-decline marker: revenue PER SHARE has fallen over the last decade (robust median trend, not a single year). Backtested across 2005 to 2017, such businesses trailed the market by about 2.5 percentage points per year. Display only: it does not change the fair value or the quality score.
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.Asset Management · 587 stocks
Beats the industry median on 5/10 measures
A mixed picture versus its industry peers.
Valuation
Quality Score54 · Below median
Fair Value upside+62.4% · Above median
Profitability
Return on assets4.0% · Below median
Net margin (12 months)−18.0% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)14.5% · Above median
Balance sheet
Debt / equity0.00× · Below median
Valuation Multiplesvs Asset Management median · lower = cheaper
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.
Is Spring Ventures Ltd (SPRG) overvalued or undervalued?
As of Nov 5, 2026, our model estimates a fair value of 8.20 ILS versus the last price from Nov 2, 2026 of 5.05 ILS, about +62% upside (undervalued).
What is the fair value of SPRG?
Our model-based fair value for Spring Ventures Ltd is 8.20 ILS (as of Nov 5, 2026), built from audited fundamentals. Last price (from Nov 2, 2026): 5.05 ILS.
What is the quality score of SPRG?
Spring Ventures Ltd has a Quality Score of 54/100. 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 Spring Ventures Ltd (SPRG)?
Our model-based price target is the fair value of 8.20 ILS (as of Nov 5, 2026) from 2 valuation models. Cautious scenario 6.15 ILS, optimistic scenario 10.25 ILS. It is a calculation from audited fundamentals, not an analyst target.
What is the Spring Ventures Ltd stock forecast for 2026?
Our models put fair value at 8.20 ILS, about +62% upside versus the last price from Nov 2, 2026 of 5.05 ILS (undervalued). Cautious scenario 6.15 ILS, optimistic scenario 10.25 ILS. The calculation is refreshed regularly with new filings.
What is the intrinsic value of Spring Ventures Ltd (SPRG)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Spring Ventures Ltd it is 8.20 ILS per share (as of Nov 5, 2026), against a price of 5.05 ILS. It is the blended result of 2 valuation models in 2 families (Multiples, Asset-Based).
Is Spring Ventures Ltd stock overvalued or undervalued in 2026?
As of Nov 5, 2026, SPRG trades below its calculated fair value: price 5.05 ILS, fair value 8.20 ILS, a gap of about +62% (undervalued). 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 SPRG?
No. The price is what the market pays today (5.05 ILS); the fair value is what the company's own numbers justify (8.20 ILS). For Spring Ventures Ltd the two are 3.15 ILS per share apart. That gap is exactly why we show both numbers side by side.
How much is Spring Ventures Ltd worth?
The market values Spring Ventures Ltd at about 42.5M ILS (market capitalisation, as of Nov 5, 2026). Per share that is 5.05 ILS; our models calculate a fair value of 8.20 ILS per share.
What do the bullish and bearish scenarios say about SPRG?
Our models span a range for Spring Ventures Ltd: cautious scenario 6.15 ILS, base 8.20 ILS, optimistic 10.25 ILS per share (as of Nov 5, 2026, price 5.05 ILS). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of SPRG?
Spring Ventures Ltd trades at a price-to-earnings ratio of 0.8 (as of Nov 5, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of 8.20 ILS is built from several models across several years. Other multiples: P/B 0.5, P/S 4.9, EV/EBITDA 11.0.
How solid is the balance sheet of Spring Ventures Ltd (SPRG)?
Balance-sheet figures for Spring Ventures Ltd (as of Nov 5, 2026): return on equity −2.0%, debt of 0.00 per unit of equity. They feed the Quality Score of 54/100, which measures business quality independently of the share price.
How far is SPRG from its 52-week high?
Spring Ventures Ltd trades at 5.05 ILS, about 16% below its 52-week high of 6.05 ILS and 8% above the low of 4.70 ILS (as of Nov 6, 2026). Distance from the high says nothing about value: that is what the fair value of 8.20 ILS is for.
Which stocks are comparable to Spring Ventures Ltd?
From the same area (Financial Services) we also value Blackstone Inc, Brookfield Asset Management Ltd, KKR & Co, Apollo Global Management, Inc, 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 Spring Ventures Ltd stock attractive at the current price?
The data as of Nov 5, 2026: price 5.05 ILS, calculated fair value 8.20 ILS (+62%), Quality Score 54/100, from 2 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 SPRG calculated?
We run Spring Ventures Ltd through 2 models from 2 families: Multiples, Asset-Based. Every model gets the same audited fundamentals; the fair value of 8.20 ILS builds on their evidence-weighted average, 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 13.3% above its aggregate fair value. Spring Ventures Ltd currently trades 38% below its own fair value, and the market average says nothing about that. 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 Spring Ventures Ltd (SPRG)?
The latest price we hold is from Nov 2, 2026 and stands at 5.05 ILS. Our model-based fair value is 8.20 ILS, about +62% upside (undervalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Spring Ventures Ltd right now?
The price is below even our cautious bear case (6.15 ILS). The market is more pessimistic than our downside scenario. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid quality (54/100) at a price below fair value, the discount is the argument here, not the business quality. For a financial, book-value and earnings-based methods matter more than a cash-flow DCF, which fits banks and insurers poorly.
Key figures of Spring Ventures Ltd
How large is the market capitalisation of Spring Ventures Ltd (SPRG)?
The market capitalisation of Spring Ventures Ltd is 42.5M ILS. 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 Spring Ventures Ltd (SPRG)?
The price-to-sales ratio of Spring Ventures Ltd is 1.09 (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 Spring Ventures Ltd (SPRG)?
Earnings per share at Spring Ventures Ltd are 6.25 ILS (price ÷ EPS = P/E 0.8). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of Spring Ventures Ltd (SPRG)?
The net margin of Spring Ventures Ltd is 135% (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 Spring Ventures Ltd (SPRG)?
The return on equity (ROE) of Spring Ventures Ltd is −2.0% (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 Spring Ventures Ltd (SPRG)?
On an EBIT basis the return on assets of Spring Ventures Ltd is 7.2% (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 Spring Ventures Ltd (SPRG)?
The operating margin of Spring Ventures Ltd is 645% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Spring Ventures Ltd (SPRG)?
Revenue at Spring Ventures Ltd is growing +14.5% versus a year earlier (3y avg −54.9%). 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 Spring Ventures Ltd (SPRG)?
Earnings per share at Spring Ventures Ltd are growing −80.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does Spring Ventures Ltd (SPRG) generate?
The free cash flow of Spring Ventures Ltd is −2.2M ILS (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net cash does Spring Ventures Ltd (SPRG) hold?
Spring Ventures Ltd holds more cash than debt, 9.7M ILS net (fiscal year 2025). The company holds more cash than debt, a safety cushion.
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Thin data
Nov 5, 2026