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Almogim Holdings Ltd (IL:ALMA)
TASE:ALMA
Israel Market
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Almogim (ALMA) AI Stock Analysis

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IL:ALMA

Almogim

(TASE:ALMA)

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Neutral 46 (OpenAI - Gpt-5.6Sol)
Rating:46Neutral
Price Target:
880.00
▼(-4.21% Downside)
Action:Reiterated
Date:09/11/26
The score is held down primarily by weak financial quality: sharply negative operating/free cash flow alongside high leverage and reduced profitability, despite modest revenue growth. Technicals also point to a weak price trend (below major moving averages). Valuation is only neutral, with a mid-20s P/E and a low dividend yield offering limited offset.
Positive Factors
Revenue Growth
Continued revenue growth indicates that Almogim is still expanding its top line despite weaker profitability. Sustained sales momentum can support future earnings recovery if the company improves project economics and converts growth into stronger margins and cash generation.
Negative Factors
High Leverage
Debt remains high relative to equity, limiting Almogim’s ability to absorb weaker conditions or fund development internally. Falling ROE alongside elevated leverage indicates the balance sheet is carrying substantial risk without generating commensurate returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Continued revenue growth indicates that Almogim is still expanding its top line despite weaker profitability. Sustained sales momentum can support future earnings recovery if the company improves project economics and converts growth into stronger margins and cash generation.
Read all positive factors

Almogim (ALMA) vs. iShares MSCI Israel ETF (EIS)

Almogim Business Overview & Revenue Model

Company Description
Almogim Holdings Ltd, together with its subsidiaries, engages in the development, construction, rental, and operations of residential, commercial, and office real estate properties in Israel and internationally. The company was founded in 1986 and...

Almogim Financial Statement Overview

Summary
Revenue grew 6.2% TTM, but profitability has weakened materially (TTM net margin ~3.2% vs ~8.4% in 2025) and cash generation is a major concern with materially negative operating cash flow (-313.6M) and free cash flow (-318.3M). Leverage is high (debt-to-equity ~3.74x) with declining ROE (~4.6% TTM), limiting financial flexibility.
Income Statement
58
Neutral
Balance Sheet
36
Negative
Cash Flow
24
Negative
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Mar 2022
Income Statement
Total Revenue498.53M422.24M298.23M289.94M501.97M399.20M
Gross Profit76.85M79.94M57.66M61.11M141.28M78.93M
EBITDA52.90M56.26M35.59M49.10M118.94M62.90M
Net Income16.19M35.29M1.88M21.74M76.68M54.15M
Balance Sheet
Total Assets1.87B1.84B1.39B1.43B1.34B833.80M
Cash, Cash Equivalents and Short-Term Investments60.25M45.69M29.94M157.45M37.51M77.68M
Total Debt1.35B1.28B943.38M1.04B927.81M460.07M
Total Liabilities1.52B1.46B1.15B1.19B1.09B644.19M
Stockholders Equity360.38M380.11M239.71M241.97M246.75M189.61M
Cash Flow
Free Cash Flow-318.31M-442.45M56.20M-82.80M-423.79M33.90M
Operating Cash Flow-313.60M-439.43M61.55M-81.00M-422.15M36.83M
Investing Cash Flow-8.57M-10.26M-14.81M25.74M-1.59M-104.55M
Financing Cash Flow331.53M434.78M-103.30M110.37M420.90M65.88M

Almogim Technical Analysis

Technical Analysis Sentiment
Negative
Last Price918.70
Price Trends
50DMA
989.10
Negative
100DMA
1037.60
Negative
200DMA
1034.07
Negative
Market Momentum
MACD
1.63
Negative
RSI
35.76
Neutral
STOCH
33.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IL:ALMA, the sentiment is Negative. The current price of 918.7 is below the 20-day moving average (MA) of 950.59, below the 50-day MA of 989.10, and below the 200-day MA of 1034.07, indicating a bearish trend. The MACD of 1.63 indicates Negative momentum. The RSI at 35.76 is Neutral, neither overbought nor oversold. The STOCH value of 33.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IL:ALMA.

Almogim Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
58
Neutral
₪1.24B8.614.19%-53.51%-5.29%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
54
Neutral
₪448.92M29.073.33%-38.67%-81.81%
46
Neutral
₪464.02M24.530.87%43.24%99.29%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IL:ALMA
Almogim
898.40
-136.57
-13.20%
IL:BOTI
Bonei Tichon
4,315.00
-460.00
-9.63%
IL:EMDV
Emilia Devel
2,008.00
-642.38
-24.24%
IL:ROTS
Rotshtein
6,776.00
-1,820.80
-21.18%
IL:RTSN
Rotem Shani
2,900.00
-148.00
-4.86%
IL:ABOU
Abou Residenc
627.30
-322.96
-33.99%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Sep 11, 2026