Ashtrom Group (ASHG) AI Stock Analysis

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Ashtrom Group

(TASE:ASHG)

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Rating:44Neutral

Price Target:ILA 6,017.00▲(16.61% Upside)

Action:reiterated

Date:08/29/26

The score is held down primarily by weak cash generation (negative TTM operating and free cash flow) and elevated leverage (debt-to-equity ~3.0x) alongside compressed profitability versus prior years. Technicals further detract due to bearish trend signals (below major moving averages with negative MACD and low RSI). Valuation is only neutral-to-slightly weak given a high P/E and modest dividend yield.

Positive Factors

Revenue GrowthStrong TTM revenue expansion indicates substantial recent growth in the group’s project and property activities. If sustained, this scale can support a larger development pipeline, improve operating leverage, and reinforce Ashtrom’s position across its served markets over the next several quarters.

Negative Factors

Elevated LeverageDebt-to-equity around 3.0x has remained consistently high, while debt rose meaningfully versus 2024–2025 and TTM ROE is only about 4.2%. This combination leaves more earnings absorbed by financing needs and increases sensitivity to refinancing costs and asset-value changes.

Ashtrom Group (ASHG) vs. iShares MSCI Israel ETF (EIS)

Market Cap: ILS 5.75B
Dividend Yield: 1.74%
Average Volume (3M): 145.37K
Price to Earnings (P/E): 95.6
Beta (1Y): 1.57
Revenue Growth: 4.90%
EPS Growth: -77.77%
Country: Israel
Employees: 692
Sector: General
Sector Strength: 55
Industry: Real Estate - Development

Ashtrom Group Business Overview & Revenue Model

Company Description

Ashtrom Group Ltd. is a prominent construction and real estate company with operations across Israel and internationally. The company undertakes a broad spectrum of construction projects, encompassing large-scale infrastructure and mega-projects, res...

How the Company Makes Money

Ashtrom Group generates revenue through multiple, complementary business lines tied to the real estate and construction value chain. (1) Contracting and construction: The group earns revenue by executing construction and infrastructure projects for e...

Ashtrom Group Financial Statement Overview

Summary

Mixed operating picture: strong TTM revenue growth and steady ~21–22% gross margin, but sharply lower net margin (~5% TTM vs ~18% in 2022 and ~28% in 2021). Balance-sheet risk is elevated with high leverage (debt-to-equity ~3.0x) and modest ROE (~4.2%). Cash flow is a key weakness with negative TTM operating cash flow (~-310m) and deeply negative free cash flow (~-777m), indicating poor recent cash conversion and volatility.

Income Statement

58Neutral

Balance Sheet

42Neutral

Cash Flow

30Negative

Financial statement breakdown
Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	4.76B	4.65B	4.46B	4.82B	5.15B	4.46B
Gross Profit	1.00B	994.09M	993.91M	1.05B	1.10B	894.10M
EBITDA	721.22M	659.82M	994.06M	581.67M	1.58B	1.72B
Net Income	59.93M	270.65M	169.66M	30.95M	930.85M	1.23B
Balance Sheet
Total Assets	24.26B	23.17B	21.83B	21.38B	18.23B	16.09B
Cash, Cash Equivalents and Short-Term Investments	1.11B	1.60B	1.08B	2.03B	1.72B	2.03B
Total Debt	16.47B	14.90B	14.39B	14.25B	10.63B	9.35B
Total Liabilities	18.76B	17.20B	16.70B	16.43B	13.18B	11.91B
Stockholders Equity	5.10B	5.55B	4.90B	4.74B	4.86B	4.02B
Cash Flow
Free Cash Flow	-777.29M	-565.94M	284.22M	-987.03M	-32.45M	1.33B
Operating Cash Flow	-310.10M	-313.84M	833.76M	144.47M	138.19M	1.48B
Investing Cash Flow	-1.88B	-454.60M	-700.04M	-2.07B	-1.13B	-1.71B
Financing Cash Flow	1.89B	790.91M	-603.13M	2.40B	421.16M	172.52M

Ashtrom Group Technical Analysis

Technical Analysis SentimentNegative

Last Price5160.00

Price Trends

50DMA5620.68Negative

100DMA6018.01Negative

200DMA6598.52Negative

Market Momentum

MACD-38.14Positive

RSI36.85Neutral

STOCH2.98Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IL:ASHG, the sentiment is Negative. The current price of 5160.00 is below the 20-day moving average (MA) of 5484.30, below the 50-day MA of 5620.68, and below the 200-day MA of 6598.52, indicating a bearish trend. The MACD of -38.14 indicates Positive momentum. The RSI at 36.85 is Neutral, neither overbought nor oversold. The STOCH value of 2.98 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IL:ASHG.

Ashtrom Group Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IL:ASHG against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IL:GVYM	64Neutral	ILS 8.04B	12.31	―	3.11%	20.47%	16.75%
IL:CRSR	56Neutral	ILS 1.54B	-111.46	―	4.23%	9.41%	-120.10%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IL:ISCN	46Neutral	ILS 4.33B	156.54	―	0.58%	58.82%	-84.17%
IL:ASHG	44Neutral	ILS 5.75B	95.56	―	1.74%	4.90%	-77.77%

* General Sector Average

Performance Comparison

IL:ASHG and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IL:ASHG	Ashtrom Group Ltd.	5160.00	-2414.87	-31.88%
IL:GVYM	Gav-Yam Lands Corp. Ltd	3645.00	-289.29	-7.35%
IL:AFRE	Africa Israel Residences Ltd	20100.00	-8490.95	-29.70%
IL:ISCN	Israel Canada (T.R) Ltd.	1268.00	-386.36	-23.35%
IL:ACRO	KVUTZAT ACRO LTD	3850.00	-955.00	-19.88%
IL:CRSR	Carasso Real Estate Ltd.	2664.00	-1313.00	-33.01%

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: Aug 29, 2026

Ashtrom Group AI Stock Analysis