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ASHDOD REFINERY LTD
(TASE:ARF)
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Rating:59Neutral
Price Target:
11,255.00
▲(36.08% Upside)
Action:Reiterated
Date:07/03/26
The score is held back primarily by weak financial performance (sharp TTM revenue decline and a return to losses), partially offset by still-positive and meaningful operating/free cash flow and manageable leverage. Technicals are a clear positive with the stock trading above major moving averages and positive MACD momentum, while valuation is constrained by the negative P/E and lack of a stated dividend yield.
Positive Factors
Cash Generation
Despite accounting losses, the business still produces meaningful operating and free cash flow on a trailing-twelve-month basis. Sustained positive cash conversion supports capex, working capital needs and debt servicing capacity, providing a durable liquidity buffer through cycles.
Negative Factors
Sharp Revenue Decline
A 40% TTM revenue contraction points to materially reduced demand or throughput and undermines scale economics. Sustained lower volumes reduce fixed-cost absorption and make long-term margin recovery harder, increasing business risk until volumes or realized margins recover.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Generation
Despite accounting losses, the business still produces meaningful operating and free cash flow on a trailing-twelve-month basis. Sustained positive cash conversion supports capex, working capital needs and debt servicing capacity, providing a durable liquidity buffer through cycles.
Read all positive factors
ASHDOD REFINERY LTD (ARF) vs. iShares MSCI Israel ETF (EIS)
Market Cap
₪1.43B
Dividend YieldN/A
Average Volume (3M)46.64K
Price to Earnings (P/E)―
Beta (1Y)0.74
Revenue Growth-14.97%
EPS Growth-283.70%
CountryIL
Employees443
SectorGeneral
Sector StrengthN/A
IndustryOil & Gas Refining & Marketing
Share Statistics
EPS (TTM)N/A
Shares Outstanding12,493,813
10 Day Avg. Volume56,439
30 Day Avg. Volume46,638
Financial Highlights & Ratios
PEG Ratio-0.69
Price to Book (P/B)0.48
Price to Sales (P/S)0.07
P/FCF Ratio3.14
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
ASHDOD REFINERY LTD Business Overview & Revenue Model
Company Description
Ashdod Refinery Ltd is an energy firm engaged in oil refining activities across Israel and global markets. The company's core operations involve processing, importing, and exporting crude oil and intermediary substances for petroleum distillates. ...
How the Company Makes Money
null...
ASHDOD REFINERY LTD Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
58
Neutral
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.05B | 3.28B | 3.27B | 13.64B | 14.74B | 2.62B |
| Gross Profit | -157.73M | 67.11M | 156.40M | 221.67M | 421.94M | 15.52M |
| EBITDA | -62.72M | 115.82M | 240.06M | 266.62M | 506.33M | 50.86M |
| Net Income | -43.53M | 3.25M | -34.54M | 118.50M | 50.66M | -30.00M |
Balance Sheet | ||||||
| Total Assets | 1.60B | 1.40B | 1.39B | 1.38B | 1.40B | 3.84B |
| Cash, Cash Equivalents and Short-Term Investments | 210.01M | 289.06M | 257.00M | 225.00M | 31.72M | 121.73M |
| Total Debt | 316.02M | 312.06M | 308.00M | 240.00M | 1.17B | 334.25M |
| Total Liabilities | 1.17B | 922.19M | 914.00M | 812.00M | 943.27M | 2.45B |
| Stockholders Equity | 436.17M | 477.10M | 476.00M | 565.00M | 459.36M | 1.39B |
Cash Flow | ||||||
| Free Cash Flow | 135.64M | 73.61M | 47.75M | 238.01M | -847.40M | 161.94M |
| Operating Cash Flow | 201.33M | 101.75M | 73.15M | 270.70M | -443.04M | 210.73M |
| Investing Cash Flow | -33.35M | -28.14M | -25.00M | -31.00M | -115.00M | -47.00M |
| Financing Cash Flow | -64.68M | -48.71M | -41.00M | -60.00M | 213.00M | -143.00M |
ASHDOD REFINERY LTD Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₪8.62B | 14.89 | ― | ― | -5.71% | -4.00% | |
66 Neutral | ₪5.51B | 25.45 | -0.23% | 9.37% | -20.47% | 74.08% | |
59 Neutral | ₪1.43B | -10.87 | ― | ― | -14.97% | -283.70% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
41 Neutral | ₪14.62B | -32.61 | ― | ― | 53.63% | -676.31% |
* General Sector Average
IL:ARF
ASHDOD REFINERY LTD
11,660.00
5,624.00
93.17%
IL:ORL
Oil Refineries
185.50
95.40
105.87%
IL:PAZ
Paz Energy
81,090.00
19,267.87
31.17%
IL:NFTA
Naphtha
2,537.00
95.04
3.89%
IL:DRAL
Dor Alon
18,450.00
5,196.00
39.20%
IL:DORL
Doral Energy
6,761.00
5,156.00
321.25%
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.