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Harel
(TASE:HARL)
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Rating:71Outperform
Price Target:
21,846.00
▲(12.84% Upside)
Action:Upgraded
Date:09/07/26
The score is driven primarily by improved profitability and strong ROE, tempered by rising leverage and uneven cash-flow generation. Technicals are constructive with price above key moving averages, though overbought signals add near-term risk. Valuation is supportive with a reasonable P/E and an attractive dividend yield.
Positive Factors
Improved Profitability and ROE
Net income reached ~3.0B in 2025 and ~3.3B TTM, while net margin expanded to ~9.8% and ~10.3%. This improvement indicates stronger earnings capacity and gives Harel more internal resources to support operations, absorb variability, and invest across its insurance and savings franchises.
Negative Factors
Rising Leverage
Debt increased materially to ~26.4B TTM, lifting debt-to-equity to about 2.0x from ~1.23x in 2023. Higher leverage makes earnings and capital more sensitive to adverse underwriting or investment outcomes and reduces financial flexibility during stressed conditions.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Profitability and ROE
Net income reached ~3.0B in 2025 and ~3.3B TTM, while net margin expanded to ~9.8% and ~10.3%. This improvement indicates stronger earnings capacity and gives Harel more internal resources to support operations, absorb variability, and invest across its insurance and savings franchises.
Read all positive factors
Harel (HARL) vs. iShares MSCI Israel ETF (EIS)
Market Cap
₪41.04B
Dividend Yield3.55%
Average Volume (3M)298.02K
Price to Earnings (P/E)12.5
Beta (1Y)1.48
Revenue Growth28.54%
EPS Growth147.51%
CountryIL
Employees5,000
SectorGeneral
Sector StrengthN/A
IndustryInsurance - Diversified
Share Statistics
EPS (TTM)15.95
Shares Outstanding205,510,090
10 Day Avg. Volume348,928
30 Day Avg. Volume298,020
Financial Highlights & Ratios
PEG Ratio0.04
Price to Book (P/B)2.09
Price to Sales (P/S)0.83
P/FCF Ratio4.68
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)13.83
Revenue Forecast (FY)₪15.11B
Harel Business Overview & Revenue Model
Company Description
Harel Insurance Investments & Financial Services Ltd, established in 1933 and headquartered in Ramat Gan, Israel, is a leading provider of insurance and financial products operating across Israel, the United States, and Western Europe. The company...
How the Company Makes Money
Harel makes money primarily through: (1) Insurance operations: It earns insurance revenue from policyholders in the form of premiums for life, health, and general (property & casualty) insurance products. Profitability in these lines is driven by ...
Harel Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
63
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 30.83B | 30.63B | 27.16B | 24.86B | 12.69B | 27.49B |
| Gross Profit | 30.50B | 30.63B | 24.73B | 24.86B | 10.70B | 25.68B |
| EBITDA | 6.47B | 5.02B | 2.45B | 1.53B | 2.06B | 2.31B |
| Net Income | 3.28B | 2.99B | 946.00M | 485.00M | 906.00M | 1.21B |
Balance Sheet | ||||||
| Total Assets | 174.17B | 163.63B | 158.66B | 144.81B | 135.27B | 137.67B |
| Cash, Cash Equivalents and Short-Term Investments | 31.30B | 2.74B | 25.53B | 26.50B | 24.89B | 26.25B |
| Total Debt | 26.39B | 22.27B | 18.50B | 10.95B | 7.28B | 7.14B |
| Total Liabilities | 161.51B | 151.44B | 149.46B | 135.85B | 126.88B | 128.78B |
| Stockholders Equity | 12.63B | 12.17B | 9.12B | 8.89B | 8.34B | 8.86B |
Cash Flow | ||||||
| Free Cash Flow | 2.24B | 5.43B | -3.52B | 3.02B | 1.60B | 1.13B |
| Operating Cash Flow | 2.64B | 5.47B | -3.06B | 3.47B | 1.98B | 1.49B |
| Investing Cash Flow | -462.00M | -514.00M | -1.02B | -511.00M | -371.00M | -632.00M |
| Financing Cash Flow | -1.85B | -1.45B | 1.45B | 1.01B | -1.01B | 581.00M |
Harel Technical Analysis
Positive
19360.00
Price Trends
17391.04
Positive
17423.51
Positive
15974.88
Positive
Market Momentum
724.24
Negative
66.93
Neutral
88.80
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IL:HARL, the sentiment is Positive. The current price of 19360 is above the 20-day moving average (MA) of 18284.67, above the 50-day MA of 17391.04, and above the 200-day MA of 15974.88, indicating a bullish trend. The MACD of 724.24 indicates Negative momentum. The RSI at 66.93 is Neutral, neither overbought nor oversold. The STOCH value of 88.80 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IL:HARL.
Harel Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
80 Outperform | ₪3.99B | 10.82 | ― | 7.01% | 3.98% | 15.01% | |
75 Outperform | ₪48.36B | 14.60 | ― | 2.88% | 10.88% | 24.40% | |
75 Outperform | ₪34.68B | 13.85 | ― | 2.88% | 18.14% | 49.80% | |
74 Outperform | ₪5.25B | 11.09 | ― | 2.53% | ― | ― | |
71 Outperform | ₪41.04B | 12.52 | 23.23% | 3.49% | 28.54% | 147.51% | |
64 Neutral | ₪22.97B | 9.50 | ― | 1.75% | -30.50% | 67.45% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IL:HARL
Harel
19,630.00
8,919.75
83.28%
IL:CLIS
Clal Insurance
28,100.00
10,608.43
60.65%
IL:PHOE
Phoenix
19,000.00
7,747.95
68.86%
IL:MMHD
Menora Miv Hld
54,690.00
23,182.97
73.58%
IL:AYAL
Ayalon Hold.
18,450.00
11,552.50
167.49%
IL:IDIN
Idi Insur
26,600.00
4,848.09
22.29%
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.