Israeli Potentially Undervalued Companies

UMH Properties

Market Cap: ₪1.4b

UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 135 manufactured home communities containing approximately 25,800 developed homesites.

Teva Pharmaceutical Industries

Market Cap: ₪20.1b

Develops, manufactures, markets, and distributes generic and other medicines, and biopharmaceutical products in the United States, Europe, Israel, and internationally.

Rotshtein Realestate

Market Cap: ₪1.3b

Develops and constructs residential projects in Israel.

Blue Square Real Estate

Market Cap: ₪3.9b

Develops, owns, leases, manages, and sells real estate properties in Israel.

S.R. Accord

Market Cap: ₪581.6m

Provides credit and non-bank financing services in Israel.

Seach Medical Group

Market Cap: ₪91.4m

Manufactures and sells medicinal cannabis products worldwide.

Altshuler Shaham Finance

Market Cap: ₪1.1b

Engages in the provident and pension funds management activities in Israel.

Scodix

Market Cap: ₪84.1m

Provides digital print enhancement presses for folding carton, publishing, commercial print, web 2 print, and designers and brands in the United States, Europe, The Far East, Israel, Asia, and internationally.

AudioCodes

Market Cap: ₪279.4m

Provides advanced communications software, products, and productivity solutions for the digital workplace worldwide.

Delek Group

Market Cap: ₪11.6b

An energy company, engages in the exploration, development, production, and marketing of oil and gas in Israel and internationally.

Nissan Medical Industries

Market Cap: ₪94.9m

Through its subsidiary, engages in the manufacturing and marketing of spunlace non-woven fabrics in the United States, Canada, Europe, and Israel.

Rimoni Industries

Market Cap: ₪426.6m

Engages in the design, engineering, and manufacture of molds, and precise injection molding and assemblies for the medical, automotive, agricultural, high-tech, and consumer industries in Israel.

Medipower (Overseas)

Market Cap: ₪333.0m

Operates as a commercial real estate company in the United States, Canada, and Bulgaria.

Space-Communication

Market Cap: ₪14.7m

Provides satellite communication services worldwide.

Gibui Holdings

Market Cap: ₪8.4m

Gibui Holdings Ltd provides non-bank financing services to small and medium-sized businesses in Israel.

N.R. Spuntech Industries

Market Cap: ₪241.5m

Produces, markets, and sells non-woven fabrics in Israel, the United States, Canada, Europe, Central and Southern America, and internationally.

Raval ACS

Market Cap: ₪181.2m

Develops, produces, and sells automotive fuel tank venting systems.

Gix Internet

Market Cap: ₪8.9m

Provides digital content marketing and advertising platforms.

Amanet Management & Systems

Market Cap: ₪126.6m

Through its subsidiaries, operates as a multidisciplinary systems house in Israel.

RSL Electronics

Market Cap: ₪110.5m

Develops, manufactures, and sells control systems, utilities, health monitoring, and diagnostics and prognostics systems for aerospace, railroad, energy, and defense sectors in Israel and internationally.

Norstar Holdings

Market Cap: ₪631.0m

Develops, rents, and manages real estate properties in Northern Europe, Central and Eastern Europe, Israel, Brazil, and the United States.

AFI Properties

Market Cap: ₪6.8b

Engages in the real estate business in Israel and Europe.

A. Libental Holdings

Market Cap: ₪103.9m

Engages in land acquisition and planning, issuing permits, construction and supervision, marketing, and sale activities in Israel.

Adgar Investments and Development

Market Cap: ₪758.3m

Engages in the real estate business in Israel, Canada, Poland, and Belgium.

G1 Secure Solutions

Market Cap: ₪418.8m

Provides security and safety services in Israel.

El Al Israel Airlines

Market Cap: ₪7.2b

Provides passenger and cargo transportation services.

Computer Direct Group

Market Cap: ₪1.5b

Engages in the computing and software business in Israel.

Ratio Energies - Limited Partnership

Market Cap: ₪4.8b

Explores, develops, and produces oil and natural gas in Israel and internationally.

Gilat Telecom Global

Market Cap: ₪70.9m

Provides communication services through satellite and fiber optic infrastructures, and radio systems in Israel and internationally.

Property & Building

Market Cap: ₪1.9b

Operates as a real estate company in Israel and internationally.

Strawberry Fields REIT

Market Cap: ₪573.9m

A self-administered real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing and certain other healthcare-related properties.

ETGA Group

Market Cap: ₪443.2m

Engages in the logistics and financing activities in Israel.

Ayalon Insurance

Market Cap: ₪1.4b

Through its subsidiaries, provides various insurance products in Israel.

Shufersal

Market Cap: ₪9.6b

Operates a chain of supermarkets under the Shufersal brand name in Israel.

Bikurey Hasade (Holdings)

Market Cap: ₪581.9m

Engages in growing, marketing, and distributing fresh vegetables and fruits in Israel and internationally.

Creative Media & Community Trust

Market Cap: ₪6.9m

As of March 31, 2025, our real estate portfolio consisted of 27 assets, all of which were fee-simple properties and five of which we own through investments in unconsolidated joint ventures (the “Unconsolidated Joint Ventures”).