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ALTSHULER SHAHAM FINANCIAL LTD
(TASE:ALTF)
Select Model
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Rating:59Neutral
Price Target:
771.00
▲(21.06% Upside)
Action:Reiterated
Date:09/11/26
The score is held back primarily by weaker financial quality—negative TTM operating/free cash flow, increased leverage, and a declining/volatile revenue trend—despite still-healthy profitability and returns. Offsetting this, technical indicators show positive momentum with price above key moving averages, and valuation is relatively attractive with a moderate P/E and strong dividend yield.
Positive Factors
Strong profitability and returns
Healthy margins and returns show that the firm remains economically productive despite recent revenue pressure. This profitability provides internal capacity to support operations, retain client value, and sustain earnings over the next several quarters if assets remain stable.
Negative Factors
Revenue contraction and volatility
A declining and volatile top line indicates pressure on asset flows, fee income, or the underlying asset base. If this pattern persists, it can limit operating leverage and weaken the company’s ability to translate its solid margins into sustained earnings growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability and returns
Healthy margins and returns show that the firm remains economically productive despite recent revenue pressure. This profitability provides internal capacity to support operations, retain client value, and sustain earnings over the next several quarters if assets remain stable.
Read all positive factors
ALTSHULER SHAHAM FINANCIAL LTD (ALTF) vs. iShares MSCI Israel ETF (EIS)
Market Cap
₪1.47B
Dividend Yield5.26%
Average Volume (3M)384.18K
Price to Earnings (P/E)11.9
Beta (1Y)0.81
Revenue Growth-2.36%
EPS Growth9.75%
CountryIL
Employees828
SectorGeneral
Sector StrengthN/A
IndustryAsset Management
Share Statistics
EPS (TTM)0.62
Shares Outstanding198,624,950
10 Day Avg. Volume722,603
30 Day Avg. Volume384,176
Financial Highlights & Ratios
PEG Ratio0.94
Price to Book (P/B)2.47
Price to Sales (P/S)1.57
P/FCF Ratio-11.44
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
ALTSHULER SHAHAM FINANCIAL LTD Business Overview & Revenue Model
Company Description
The company specializes in the administration of various provident and pension funds. Its extensive portfolio includes savings provident funds, general provident funds, personal and central severance pay provident funds, study funds, and central s...
How the Company Makes Money
Altshuler Shaham primarily makes money by charging fees for managing client assets across its investment and savings products. Key revenue streams typically include: (1) Management fees (asset-based fees): recurring fees calculated as a percentage...
ALTSHULER SHAHAM FINANCIAL LTD Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
48
Neutral
Cash Flow
28
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 902.19M | 934.97M | 918.16M | 990.30M | 1.29B | 1.42B |
| Gross Profit | 841.33M | 795.73M | 406.66M | 446.42M | 618.08M | 652.13M |
| EBITDA | 286.68M | 282.82M | 246.80M | 288.89M | 411.59M | 427.78M |
| Net Income | 123.52M | 127.78M | 113.06M | 137.93M | 213.12M | 258.26M |
Balance Sheet | ||||||
| Total Assets | 1.72B | 1.55B | 1.21B | 1.19B | 1.33B | 1.62B |
| Cash, Cash Equivalents and Short-Term Investments | 241.97M | 276.79M | 83.99M | 115.86M | 100.06M | 298.67M |
| Total Debt | 961.13M | 783.16M | 515.86M | 519.50M | 109.12M | 729.55M |
| Total Liabilities | 1.09B | 933.54M | 664.25M | 673.31M | 834.95M | 1.07B |
| Stockholders Equity | 608.31M | 595.00M | 549.03M | 520.28M | 493.39M | 551.52M |
Cash Flow | ||||||
| Free Cash Flow | -62.49M | -128.27M | 138.31M | 211.73M | 168.37M | 166.62M |
| Operating Cash Flow | -56.12M | -125.05M | 155.05M | 232.94M | 229.75M | 206.93M |
| Investing Cash Flow | -39.01M | -10.96M | -40.56M | 46.05M | -23.21M | -654.74M |
| Financing Cash Flow | 115.48M | 139.49M | -146.35M | -259.66M | -406.59M | -159.42M |
ALTSHULER SHAHAM FINANCIAL LTD Technical Analysis
Positive
636.90
Price Trends
658.83
Positive
673.94
Positive
670.83
Positive
Market Momentum
24.70
Negative
61.22
Neutral
75.55
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IL:ALTF, the sentiment is Positive. The current price of 636.9 is below the 20-day moving average (MA) of 675.23, below the 50-day MA of 658.83, and below the 200-day MA of 670.83, indicating a bullish trend. The MACD of 24.70 indicates Negative momentum. The RSI at 61.22 is Neutral, neither overbought nor oversold. The STOCH value of 75.55 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IL:ALTF.
ALTSHULER SHAHAM FINANCIAL LTD Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | ₪5.47B | 3.03 | ― | 2.17% | 73.89% | 616.40% | |
69 Neutral | ₪3.41B | 23.83 | ― | 4.41% | 27.33% | 20.29% | |
60 Neutral | ₪2.11B | 26.11 | ― | 3.44% | 30.05% | 24.67% | |
59 Neutral | ₪1.47B | 11.90 | ― | 5.26% | -2.36% | 9.75% | |
57 Neutral | ₪10.51B | 10.68 | ― | 2.68% | 28.78% | 172.56% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
43 Neutral | ₪3.77B | 445.40 | ― | 3.29% | -10.21% | -90.15% |
* General Sector Average
IL:ALTF
ALTSHULER SHAHAM FINANCIAL LTD
738.00
-32.83
-4.26%
IL:MISH
Mivtach Shamir
38,750.00
12,283.90
46.41%
IL:MTAV
Meitav Invest
12,330.00
3,393.96
37.98%
IL:MRIN
More Invest
4,670.00
703.79
17.74%
IL:GNRS
Generation Cap
250.00
141.66
130.74%
IL:MPP
More Pension
1,645.00
404.25
32.58%
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.