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Hilan Ltd (HLAN) Fair Value & Analysis

Technology · Il · Market cap 4.9B ILA · ISIN IL0010846983

What is Hilan Ltd really worth?

HL Hilan Ltd HLAN · TA
Price250.60 ILA
Fair Value318.71 ILA
Upside+27.2%
Quality67/100

A solid business, trading 21% below our fair value of 318.71 ILA.

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Strengths

Low debt · generates free cash flow
Ranks above peers (11/14)

Risks

!Mixed Growth (revenue 5y +13.1 %/yr)
!Thin margins · 8.7% net margin
!Moderate moat 59/100
!Weak on future: 27 out of 100
Evidence: High Range 221.45 ILA – 398.39 ILA

Fair value as of: Aug 22, 2026

From 26 valuation models · updated 14 days ago

Share price +15.1% over the past month.

What runs behind every stock

69 individual criteria per stock, every one traceable See the method →

What matters now

  • Solid quality (67/100) at a price below fair value, the discount is the argument here, not the business quality.
  • The price sits in the lower half of our model range, the side with the larger margin of safety.
  • The data supports the verdict: every model runs on fully documented inputs.

Price vs Fair Value (5 years)

284.27 ILA 133.77 ILA Fair Value 318.71 ILA Apr 2021 Sep 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 22, 2026.

How to read this chart

60‑month range 133.77 ILA – 284.27 ILA · fair‑value band 221.45 ILA – 398.39 ILA · the 250.60 ILA price screens below the 318.71 ILA fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 22, 2026.

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Analysis

Hilan Ltd (HLAN) currently trades at 250.60 ILA, while our model-based Fair Value estimate is 318.71 ILA, implying the stock looks roughly 21.4% undervalued today. The Quality Score stands at 67/100 (solid quality), in the Technology sector. Bull case: the DCF Models group reads highest at a median of 402.86 ILA per share, and 15 of the 26 models we run sit above the 250.60 ILA price. Bear case: the Asset-Based group reads lowest at 36.87 ILA, and 11 of the 26 models stay below the price. Evidence for this calculation is high.

Over the trailing twelve months, Hilan Ltd generated revenue of 3.1B ILA at a net margin of 8.7%. Revenue grew 5.3% year over year. It earns a return on equity of 21.2%. The balance sheet holds a net cash position of 162M ILA. Fundamentals as of Aug 22, 2026

Our scenario range runs from 221.45 ILA (bear case) to 398.39 ILA (bull case); at 250.60 ILA, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. For context, the median of 10 Technology peers we cover trades at 69% fair-value upside, at 27%, HLAN screens richer than that median.

Fair Value models

This estimate rests on fiscal year 2025 figures, and about 8 months have passed since. In that time the company retained roughly 4.32 ILS per share, which is 1.4 % of the fair value. The fair value deliberately does not add this in: the models value reported figures, not a projection.

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted, family-balanced blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small. Every input is real reported data, nothing guessed.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
FCF DCF 222.54 ILA 402.86 ILA 721.70 ILA 77
Growth DCF 218.36 ILA 375.70 ILA 639.35 ILA 76
EPV 132.24 ILA 150.14 ILA 165.59 ILA 74
All 26 models by family
DCF Models
FCF DCF 222.54 ILA 402.86 ILA 721.70 ILA 77
Owner Earnings 224.66 ILA 406.85 ILA 729.01 ILA 73
5Y Revenue Exit 183.02 ILA 310.22 ILA 485.97 ILA 71
5Y EBITDA Exit 266.27 ILA 488.90 ILA 777.91 ILA 73
5Y P/E Exit 235.83 ILA 423.57 ILA 645.70 ILA 69
10Y Revenue Exit 189.61 ILA 315.88 ILA 516.81 ILA 65
10Y EBITDA Exit 249.51 ILA 446.88 ILA 765.31 ILA 66
10Y P/E Exit 229.44 ILA 398.98 ILA 652.78 ILA 62
Earnings-Based
Graham-Dodd 77.40 ILA 410.24 ILA 568.05 ILA 63
Lynch FV 112.98 ILA 161.41 ILA 209.83 ILA 61
PEG = 1.0 112.98 ILA 161.41 ILA 209.83 ILA 57
EPV 132.24 ILA 150.14 ILA 165.59 ILA 74
Dividend Discount
Gordon GGM 43.88 ILA 87.44 ILA 132.41 ILA 67
DDM Multi-Stage 43.88 ILA 75.57 ILA 92.30 ILA 67
Multiples
P/E Multiple 239.03 ILA 318.71 ILA 398.39 ILA 63
P/S Multiple 145.13 ILA 193.50 ILA 241.88 ILA 58
P/B Multiple 145.13 ILA 193.50 ILA 241.88 ILA 55
EV/EBIT 306.21 ILA 402.00 ILA 497.79 ILA 66
EV/EBITDA 305.93 ILA 401.63 ILA 497.33 ILA 67
EV/Revenue 164.12 ILA 226.39 ILA 288.65 ILA 54
Asset-Based
NCAV (Graham) 27.52 ILA 36.87 ILA 55.04 ILA 54
Growth DCF
Growth DCF 218.36 ILA 375.70 ILA 639.35 ILA 76
Rev-Margin DCF 183.02 ILA 306.63 ILA 473.47 ILA 71
Economic Profit
Residual Income 70.76 ILA 91.13 ILA 307.70 ILA 64
ROIC Compounder 147.52 ILA 187.32 ILA 235.89 ILA 72
Growth Earnings
Growth-Adj P/E 195.90 ILA 279.85 ILA 363.81 ILA 67

Widest divergence: DCF Models (402.86 ILA) versus Asset-Based (36.87 ILA). Highest evidence: FCF DCF (77).

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Key figures & financial health

P/E ratio 22.0
P/S ratio 1.91 P/E × margin
EPS (TTM) 11.40 ILA price ÷ EPS = P/E 22.0
Dividend yield 2.0% payout 43.9%
Net margin 8.7% FY2025
Return on equity 21.2% TTM
More key figures
Profitability
Return on assets (EBIT) 12.2% avg 5y
Operating margin 11.9% TTM
Growth
Revenue (TTM) 3.1B ILA TTM
Revenue growth (YoY) +5.3% 3y avg +10.5%
EPS growth (YoY) +6.7%
Balance sheet & cash flow
Free cash flow 362M ILA FY2025
Net cash 162M ILA FY2025

Figures from reported company fundamentals · as of Aug 22, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 67/100

Of which business quality 68 · Market factors (momentum, volatility) 56

Profitability 58
Margins and returns on capital today
Quality Growth 59
Are margins and returns improving?
Cashflow 68
Earnings quality: real cash, not paper profit
Fin. Strength 82
Balance sheet, leverage, solvency risk
Investment 53
Disciplined investing over empire-building
Low Volatility 77
Calm price path (market factor)
Momentum 47
Price trend over the last 3–12 months (market factor)
52W Momentum 49
Distance to the 52-week high (market factor)
Net Issuance 83
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

All values are scores from 0 to 100 (100 = best against fixed, research-based bands), not percentages. The three market factors (momentum, 52-week proximity, low volatility) are displayed but carry zero weight in the headline number: market sentiment is not a business property.

About the company

Hilan Ltd., a software as a service (SaaS) provider, develops solutions for management of enterprise human capital in Israel.

Full company description

Hilan Ltd., a software as a service (SaaS) provider, develops solutions for management of enterprise human capital in Israel. The company offers payroll management, employee self service, 101 e-Form, payroll control, contractors' employees control, and SAP payroll solutions, as well as digital reporting of reimbursement of expenses; and time and attendance management, Hilanet time and attendance web portal, Hilan mobile, work scheduling, and project management solutions. It also provides pension operation management, pension direct clearing, pension table-rule and multiple agents management, management of severance pay balances, and pension control; Hilan Bi, simulations, and compliance control; payroll, and time and attendance managed services; and HR solutions. In addition, the company is involved in the provision of IT services; IT solutions, including big data, data storage, backup and virtualization, cloud SaaS, and data and cyber security; platform; insurance benefits to employees; and enterprise resource planning solutions for small and medium sized businesses. It serves finance, academic, communications, health care, transportation, government, social care, associations, hotels, industry, high-tech, municipal, retail, and education sectors. The company was incorporated in 1992 and is headquartered in Tel Aviv-Yafo, Israel.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2021 – FY2025 · reported fiscal years

Hilan Ltd reported revenue of 3.0B ILS in FY2025 versus 1.7B ILS in FY2021, a compound +15.2%/yr. Reported net income was 261M ILS in FY2025, compounding +14.7%/yr from FY2021.

Growth Quality 85/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2025)
3.0B ILS
Latest YoY
+6.1%
Avg. revenue growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+10.5%
Avg. revenue growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+13.1%
Avg. revenue growth/yr (25Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+15.0%
Value creation/yr (5Y) Earnings growth per share (CAGR 5 years) plus dividend yield: value created per share and year.
+16.5% (14.5 + 2.0)
Revenue +15.2%/yr
FY21 1.7B ILS
FY22 2.2B ILS
FY23 2.6B ILS
FY24 2.8B ILS
FY25 3.0B ILS
Net income +14.7%/yr
FY21 151M ILS
FY22 174M ILS
FY23 216M ILS
FY24 247M ILS
FY25 261M ILS
Character of growth · EPS growth decomposed (2014-2025) +15.1 % p.a.
Revenue per share +12.2 %

of which total revenue +12.5 % · buybacks/dilution −0.3 %

EBIT margin +2.0 %
Tax rate +0.4 %
Residual (interest, one-offs) +0.2 %

Annual growth per factor. These are factors, not summands: multiplied they give the EPS growth rate, added they do not quite. Start and end points are 3-year averages (details on hover).

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Cite: Fair Value Calculator (2026). "Hilan Ltd Fair Value". https://www.fairvalue-calculator.com/stock/HLAN

Peer Group

Information Technology Services · 486 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 67 · Top 25%
Fair Value upside +27% · Above median
Return on equity (TTM) 21% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 9% · Top 25%
Operating margin (TTM) 12% · Above median
Revenue growth 5% · Below median
Dividend yield (TTM) 2.0% · Above median
Debt / equity 0.01× · Lower than median

Valuation Multiples vs Information Technology Services median · lower = cheaper

P/E (TTM) 22.0× · Pricier than median
P/B 1.29× · Cheaper than median
P/S (TTM) 0.53× · Cheaper than median
P/FCF 4.5× · Pricier than median
EV/EBITDA 2.8× · Cheaper than 75% of peers

Strength profile in five axes (Snowflake)

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUEFUTUREPASTHEALTHDIVIDEND
This stock
VALUEFUTUREPASTHEALTHDIVIDEND
Sector peers
VALUE70 · sector 34
FUTURE27 · sector 31
PAST85 · sector 33
HEALTH100 · sector 97
DIVIDEND40 · sector 36

Insider activity: 40/100

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

Similar stocks

10 more Information Technology Services stocks, each showing price versus our Fair Value estimate (as of Aug 22, 2026).

Stock Price Fair Value vs Fair Value
International Business Machines Corporation IBM $235.59 $175.76 −25%
Accenture plc ACN $189.61 $334.27 +76%
Tata Consultancy Services Limited TCS ₹2,302 ₹3,473 +51%
Infosys Limited INFY ₹1,156 ₹1,958 +69%
HCL Technologies Limited HCLTECH ₹1,282 ₹1,722 +34%
Fiserv, Inc FI C$5.13 C$8.07 +57%
Wipro Limited WIT $1.83 $3.51 +92%
Fidelity National Information Services, Inc FIS $41.34 $19.28 −53%
Cognizant Technology Solutions Corporation CTSH $64.04 $132.01 +106%
Capgemini SE CAP €109.45 €222.79 +104%

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Frequently asked questions

Is Hilan Ltd (HLAN) overvalued or undervalued?
As of Aug 22, 2026, our model estimates a fair value of 318.71 ILA versus a price of 250.60 ILA, about +27% upside (undervalued).
What is the fair value of HLAN?
Our model-based fair value for Hilan Ltd is 318.71 ILA (as of Aug 22, 2026), built from audited fundamentals. The current price: 250.60 ILA.
What is the quality score of HLAN?
Hilan Ltd has a Quality Score of 67/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Hilan Ltd (HLAN)?
Hilan Ltd reported trailing-twelve-month revenue of about 3.1B ILS (latest available figure, as of Aug 22, 2026).
What is the net profit margin of HLAN?
The net profit margin of Hilan Ltd is about 8.7%, meaning it keeps roughly 8.7% of revenue as net income. Based on the latest reported figures.
Does Hilan Ltd pay a dividend?
Hilan Ltd currently shows a dividend yield of about 2.00% relative to its recent price (as of Aug 22, 2026).
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