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ICON GROUP LTD (IL:ICON)
TASE:ICON
Israel Market
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Icon Group (ICON) AI Stock Analysis

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IL:ICON

Icon Group

(TASE:ICON)

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Neutral 61 (OpenAI - Gpt-5.6Sol)
Rating:61Neutral
Price Target:
646.00
▼(-15.28% Downside)
Action:Reiterated
Date:08/18/26
The score is held back primarily by the sharp deterioration in operating and free cash flow versus last year despite improving revenue and positive profitability. Valuation is a key offset (low P/E and very high dividend yield), while technicals are moderately constructive with price above major moving averages but mixed momentum signals.
Positive Factors
Improving revenue and profitability
Improving revenue alongside positive gross and net margins indicates that the business is regaining operating traction after weaker prior periods. Continued top-line expansion and profitability provide a foundation for sustaining operations and funding future growth, although margins remain modest.
Negative Factors
Sharp deterioration in cash generation
The steep decline in operating and free cash flow is the clearest fundamental weakness because it shows that reported earnings are converting into cash much less effectively than last year. Persistent weak conversion could constrain reinvestment, distributions, debt service, and financial flexibility.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving revenue and profitability
Improving revenue alongside positive gross and net margins indicates that the business is regaining operating traction after weaker prior periods. Continued top-line expansion and profitability provide a foundation for sustaining operations and funding future growth, although margins remain modest.
Read all positive factors

Icon Group (ICON) vs. iShares MSCI Israel ETF (EIS)

Icon Group Business Overview & Revenue Model

Company Description
Based in Tel Aviv, Israel, iCon Group Ltd is an enterprise focused on the importation and distribution of Apple's diverse product lineup throughout the country. Their offerings span iconic devices such as the Apple Watch, iPad, iPhone, Mac, iPod, ...

Icon Group Financial Statement Overview

Summary
Income statement trends are improving (revenue up ~5.1% TTM; profitability positive with ~10.8% gross margin and ~2.7% net margin), and balance sheet leverage has improved versus 2024 (debt-to-equity ~0.94) with solid ROE (~16.4%). However, cash flow is a major weakness: operating cash flow fell sharply to ~23M TTM from ~173M in 2025 and free cash flow dropped to ~19M (about -84.8% YoY), raising concerns about cash conversion durability.
Income Statement
68
Positive
Balance Sheet
60
Neutral
Cash Flow
38
Negative
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue1.77B1.62B1.60B1.44B1.52B1.42B
Gross Profit193.42M151.23M167.97M163.22M175.21M168.39M
EBITDA99.59M85.89M79.86M76.11M90.56M110.02M
Net Income50.98M41.14M36.16M32.73M46.86M68.63M
Balance Sheet
Total Assets743.69M735.62M843.75M564.33M619.52M524.17M
Cash, Cash Equivalents and Short-Term Investments8.23M9.84M10.32M11.42M7.07M28.28M
Total Debt260.83M193.94M290.74M127.23M202.13M79.99M
Total Liabilities465.92M470.85M581.01M322.41M402.44M341.48M
Stockholders Equity277.77M262.75M260.82M240.30M218.79M182.69M
Cash Flow
Free Cash Flow18.90M168.56M-112.83M91.66M12.16M17.51M
Operating Cash Flow23.29M172.64M-105.29M96.12M15.91M23.11M
Investing Cash Flow-4.30M-3.96M-4.35M476.00K-68.39M-5.58M
Financing Cash Flow-17.25M-169.16M107.58M-92.16M31.14M5.41M

Icon Group Technical Analysis

Technical Analysis Sentiment
Negative
Last Price762.50
Price Trends
50DMA
705.17
Negative
100DMA
697.60
Negative
200DMA
618.26
Negative
Market Momentum
MACD
-25.90
Positive
RSI
13.77
Positive
STOCH
21.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IL:ICON, the sentiment is Negative. The current price of 762.5 is above the 20-day moving average (MA) of 664.11, above the 50-day MA of 705.17, and above the 200-day MA of 618.26, indicating a bearish trend. The MACD of -25.90 indicates Positive momentum. The RSI at 13.77 is Positive, neither overbought nor oversold. The STOCH value of 21.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IL:ICON.

Icon Group Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
68
Neutral
₪278.73M14.43―13.31%-7.67%-34.19%
61
Neutral
₪351.64M6.96―17.15%14.30%59.96%
59
Neutral
₪199.80M10.81―4.51%22.04%9.32%
56
Neutral
₪5.08B204.34――12.76%-62.42%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
48
Neutral
₪182.08M-0.67――-100.00%56.01%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IL:ICON
Icon Group
612.70
183.49
42.75%
IL:UNIT
Unitronics
1,992.00
-279.00
-12.29%
IL:PEAX
Peax Solutions
588.10
-284.77
-32.62%
IL:ZOOZ
ZOOZ Strategy Ltd
2,275.00
-11,849.00
-83.89%
IL:NYAX
Nayax
13,600.00
-2,610.00
-16.10%
IL:PMNT
Payment Fina
508.00
64.69
14.59%
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 18, 2026