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Ludan (LUDN) AI Stock Analysis

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IL:LUDN

Ludan

(TASE:LUDN)

Select Model
Rating:67Neutral
Price Target:ILA 987.00â–²(8.53% 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 MarginsStable gross and EBITDA margins indicate that project-level economics remain resilient despite weaker sales. This provides a foundation for recovery if demand improves, while reducing the risk that revenue pressure immediately causes a disproportionate deterioration in operating profitability.
Negative Factors
Declining RevenueSustained revenue contraction points to weaker business momentum and reduces operating leverage across the company. If sales do not recover, fixed costs and limited scale benefits could continue to pressure earnings, making growth investment and improvement in profitability more difficult.

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

-40%-30%-20%-10%0%10%20%30%40%IL:LUDN-35.22%EIS+13.14%Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
Market Cap
ILS 104.81M
Dividend Yield
15.25%
Average Volume (3M)
6,154
Price to Earnings (P/E)
8.0
Beta (1Y)
0.62
Revenue Growth
-27.12%
EPS Growth
-51.29%
Country
Israel
Employees
877
Sector
General
Sector Strength
55
Industry
Engineering & Construction

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, an...

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

54Neutral

Balance Sheet

56Neutral

Cash Flow

66Positive
Financial statement breakdown
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue398.75M432.95M633.46M625.49M575.97M513.74M
Gross Profit41.48M43.85M76.89M66.81M67.72M52.65M
EBITDA43.44M47.19M78.43M68.31M69.15M57.32M
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 SentimentNegative
Last Price909.40

Price Trends

50DMA981.62Negative
100DMA971.51Negative
200DMA1092.66Negative

Market Momentum

MACD-16.88Positive
RSI34.09Neutral
STOCH15.62Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IL:LUDN, the sentiment is Negative. The current price of 909.40 is below the 20-day moving average (MA) of 956.61, below the 50-day MA of 981.62, and below the 200-day MA of 1092.66, indicating a bearish trend. The MACD of -16.88 indicates Positive momentum. The RSI at 34.09 is Neutral, neither overbought nor oversold. The STOCH value of 15.62 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IL:LUDN.

Ludan Peers Comparison

Overall Rating

UnderperformOutperform
Sector (55)

Financial Indicators

IL:LUDN against its peers
NameOverall RatingMarket CapP/E RatioROEDividend YieldRevenue GrowthEPS Growth
IL:LUDNIL:LUDN67NeutralILS 104.81M7.98―15.25%-27.12%-51.29%
IL:ELTRIL:ELTR58NeutralILS 7.89B40.83―0.85%14.01%-10.85%
Sector *55Neutral$6.65B3.83-15.92%6.20%10.91%7.18%

* General Sector Average

Performance Comparison

-25%0%25%50%IL:LUDNIL:ELTRIL:LEOFIL:LSCOIL:YACOIL:ELMRDec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26Aug '26Sep '26Oct '26
IL:LUDN and its peers over the selected period
Show on chartTickerCompany NamePriceChange% Change
IL:LUDNLudan Engineering Co. Ltd.909.40-492.45-35.13%
IL:ELTRElectra Ltd10290.00-250.39-2.38%
IL:LEOFLevinski Ofer Ltd.300.00-206.40-40.76%
IL:LSCOLesico Ltd.278.70-60.34-17.80%
IL:YACOYacobi Group89.7026.9042.83%
IL:ELMREl-Mor Electric Installation & Services (1986) Ltd.2740.00901.2549.01%
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: Sep 06, 2026