Shapir Engineering Industry (SPEN) Fair Value & Analysis
Industrials · Il · Market cap 16.1B ILA · ISIN IL0011338758
What is Shapir Engineering Industry really worth?
Below-average quality, and trading another 293% above our fair value of 11.13 ILA.
Risks
Fair value as of: Aug 21, 2026
From 14 valuation models · updated 15 days ago
Share price −1.1% over the past month.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
What matters now
- The price sits above even our optimistic bull case (11.13 ILA). The favourable scenario is already priced in.
- Weak quality (41/100) and above fair value at the same time, the margin of safety is missing on both counts.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 21, 2026.
How to read this chart
60‑month range 17.49 ILA – 48.70 ILA · fair‑value band 8.35 ILA – 11.13 ILA · the 43.73 ILA price screens above the 11.13 ILA fair value. Dashed = 300-day average. As of Aug 21, 2026.
Analysis
Shapir Engineering Industry (SPEN) currently trades at 43.73 ILA, while our model-based Fair Value estimate is 11.13 ILA, implying the stock looks roughly 292.9% overvalued today. The Quality Score stands at 41/100 (below-average quality), in the Industrials sector. Bull case: the Growth Earnings group reads highest at a median of 12.41 ILA per share, and 0 of the 13 models we run sit above the 43.73 ILA price. Bear case: the Dividend Discount group reads lowest at 3.59 ILA, and 13 of the 13 models stay below the price. Evidence for this calculation is medium.
Over the trailing twelve months, Shapir Engineering Industry generated revenue of 6.3B ILA at a net margin of 4.4%. Revenue grew 13.7% year over year. It earns a return on equity of 8.0%. Net debt stands at 9.8B ILA. Fundamentals as of Aug 21, 2026
Our scenario range runs from 8.35 ILA (bear case) to 11.13 ILA (bull case); at 43.73 ILA, the current price sits above 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 Industrials peers we cover trades at −46% fair-value upside, at −75%, SPEN 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 0.5075 ILS per share, which is 4.6 % 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.
All 14 models by family
Widest divergence: Growth Earnings (12.41 ILA) versus Dividend Discount (3.59 ILA). Highest evidence: Residual Income (76).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 21, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 36 · Market factors (momentum, volatility) 80
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
Shapir Engineering and Industry Ltd engages in the construction, engineering, and infrastructure businesses in Israel. The company offers concrete, cement, quarry materials, asphalt, and prefabricated elements, as well as piping products and steel for construction industries; and geotechnical and subterranean engineering and transport systems.
Full company description
Shapir Engineering and Industry Ltd engages in the construction, engineering, and infrastructure businesses in Israel. The company offers concrete, cement, quarry materials, asphalt, and prefabricated elements, as well as piping products and steel for construction industries; and geotechnical and subterranean engineering and transport systems. It also undertakes infrastructure projects, including construction of roads, cutting through complex and tunnels for developing light rail systems, marine works, construction of deep-water ports, docks, and power plants, as well as construction of bridges, interchanges, public, and commercial projects. In addition, it is involved in sale or rental of residential apartments and office and commercial spaces; logistics; warehousing services; inventory management, and distribution; urban renewable projects; operation of parking lots and a toll road; construction, maintenance and operation of a natural gas distribution network; casting, coating and wrapping metal pipes, and fittings; and supply chain management solutions. Further, the company offers retaining walls, structure foundations and bracing, slope stabilization, ground anchors, and grout and jet grouting services. It serves concrete, cement products, quarry materials, asphalt, piping for industry, steel for construction, prefabricated elements, geotechnical and subterranean engineering, and transport system industries. The company was formerly known as Shapir Bareket Holdings Ltd. and changed its name to Shapir Engineering and Industry Ltd in September 2014. Shapir Engineering and Industry Ltd was founded in 1968 and is based in Petah Tikva, Israel.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
Shapir Engineering Industry reported revenue of 6.1B ILS in FY2025 versus 3.9B ILS in FY2021, a compound +11.8%/yr. Reported net income was 235M ILS in FY2025, compounding −14.3%/yr from FY2021.
of which total revenue +8.4 % · buybacks/dilution −1.4 %
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).
SPEN screens 293% overvalued. Compare with Quanta Services, Inc →
Peer Group
Engineering & Construction · 816 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.
Valuation Multiples vs Engineering & Construction median · lower = cheaper
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.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Engineering & Construction stocks, each showing price versus our Fair Value estimate (as of Aug 21, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Quanta Services, Inc PWR | $620.06 | $143.92 | −77% |
| Vinci SA DG | €114.35 | €185.62 | +62% |
| Comfort Systems USA, Inc FIX | $1,615 | $519.97 | −68% |
| Larsen & Toubro Limited LT | ₹4,072 | ₹2,196 | −46% |
| Ferrovial N.V FER | €57.28 | €19.17 | −67% |
| HOCHTIEF Aktiengesellschaft HOT | €426.40 | €203.87 | −52% |
| Samsung C&T Corporation 028260 | 373,000 KRW | 261,411 KRW | −30% |
| EMCOR Group EME | $775.04 | $549.47 | −29% |
| MasTec, Inc MTZ | $241.00 | $100.00 | −59% |
| Bouygues SA EN | €46.65 | €65.67 | +41% |
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