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Ludan Engineering Co. Ltd. (IL:LUDN)
TASE:LUDN
Israel Market
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Ludan (LUDN) AI Stock Analysis

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IL:LUDN

Ludan

(TASE:LUDN)

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Neutral 67 (OpenAI - Gpt-5.6Sol)
Rating:67Neutral
Price Target:
1,108.00
▲(11.85% Upside)
Action:Reiterated
Date:09/06/26
The score is supported most by attractive valuation (low P/E and very high dividend yield). Financial performance is mixed—steady core margins and improving free cash flow, but declining revenue, softer net profitability, and rising leverage temper the outlook. Technicals add modest support near-term (price above 20/50-day averages and positive MACD), though longer-term trend indicators remain weaker (below 100/200-day averages).
Positive Factors
Resilient Core Margins
Fairly stable gross and EBITDA margins indicate that the company is preserving project-level economics despite weaker sales. This resilience can support earnings recovery if revenue stabilizes, while providing a durable operating base over the next several quarters.
Negative Factors
Declining Revenue
Declining revenue points to weaker demand or project activity and reduces operating leverage across the business. If the contraction persists, stable gross margins may not prevent further pressure on earnings, limiting the company’s ability to expand profitably over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Resilient Core Margins
Fairly stable gross and EBITDA margins indicate that the company is preserving project-level economics despite weaker sales. This resilience can support earnings recovery if revenue stabilizes, while providing a durable operating base over the next several quarters.
Read all positive factors

Ludan (LUDN) vs. iShares MSCI Israel ETF (EIS)

Ludan Business Overview & Revenue Model

Company Description
Ludan Engineering Co. Ltd functions as a global engineering enterprise, delivering a broad spectrum of services. Its core offerings include comprehensive engineering and project management, covering everything from strategic planning, procurement,...

Ludan Financial Statement Overview

Summary
Fundamentals are stable but weakening: revenue declined (TTM -4.6%) and net margin softened (~2.8% vs ~3.3% in 2025 and ~4.3% in 2023–2024). Core margins (gross ~10.4%, EBITDA ~10.9%) are fairly steady and free cash flow is a relative strength (TTM FCF +16.3%, ~0.91x net income), but leverage has risen (debt-to-equity ~1.03 TTM) and operating cash flow covers only a modest portion of debt (~0.22).
Income Statement
54
Neutral
Balance Sheet
56
Neutral
Cash Flow
66
Positive
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue398.75M432.95M633.46M625.49M575.97M513.74M
Gross Profit41.48M43.85M76.89M66.81M67.72M52.65M
EBITDA43.44M47.19M78.43M45.16M69.15M57.32M
Net Income11.08M14.34M27.50M27.48M27.70M16.30M
Balance Sheet
Total Assets252.66M266.39M487.36M433.65M389.57M358.12M
Cash, Cash Equivalents and Short-Term Investments20.17M21.64M34.67M36.46M45.72M32.36M
Total Debt80.52M72.66M145.18M94.41M85.80M99.73M
Total Liabilities172.38M182.07M344.34M291.33M257.92M276.05M
Stockholders Equity78.01M81.89M128.33M128.72M117.98M80.75M
Cash Flow
Free Cash Flow26.71M24.04M55.15M22.90M31.17M39.54M
Operating Cash Flow29.25M27.22M62.86M26.11M37.04M48.04M
Investing Cash Flow-8.54M-6.17M-15.18M-13.07M-11.89M-8.00M
Financing Cash Flow-21.91M-24.48M-49.34M-23.39M-13.50M-43.13M

Ludan Technical Analysis

Technical Analysis Sentiment
Positive
Last Price990.60
Price Trends
50DMA
969.03
Positive
100DMA
1098.72
Negative
200DMA
1141.38
Negative
Market Momentum
MACD
9.85
Negative
RSI
60.40
Neutral
STOCH
74.56
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IL:LUDN, the sentiment is Positive. The current price of 990.6 is below the 20-day moving average (MA) of 992.98, above the 50-day MA of 969.03, and below the 200-day MA of 1141.38, indicating a neutral trend. The MACD of 9.85 indicates Negative momentum. The RSI at 60.40 is Neutral, neither overbought nor oversold. The STOCH value of 74.56 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IL:LUDN.

Ludan Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
67
Neutral
₪117.67M8.9613.69%-27.12%-51.29%
58
Neutral
₪9.53B49.440.73%14.01%-10.85%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IL:LUDN
Ludan
1,013.00
-348.96
-25.62%
IL:ELTR
Electra
12,050.00
2,399.83
24.87%
IL:LEOF
Levinski Ofer
353.20
-134.70
-27.61%
IL:LSCO
Lesico
387.20
69.85
22.01%
IL:YACO
Yacobi Group
93.00
34.60
59.25%
IL:ELMR
El-Mor Electric Installation & Services
2,369.00
995.38
72.46%
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: Sep 06, 2026