Israeli Undervalued over 20% based on DCF

NICE

Market Cap: ₪33.7b

Provides cloud platforms for AI-driven digital business solutions worldwide.

First International Bank of Israel

Market Cap: ₪23.8b

Provides various financial and banking services to individuals, households, and businesses in Israel.

Delek Group

Market Cap: ₪12.7b

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

F.I.B.I. Holdings

Market Cap: ₪8.8b

Operates as the holding company for The First International Bank of Israel Ltd.

Israel

Market Cap: ₪7.9b

Operates in the specialty minerals and chemical businesses in Europe, Asia, South America, North America, and internationally.

Formula Systems (1985)

Market Cap: ₪6.3b

Through its subsidiaries, provides proprietary and non-proprietary software solutions, Information Technologies (IT) professional services, software product marketing and support, computer infrastructure and integration solutions, and learning and integration.

Nayax

Market Cap: ₪5.5b

A fintech company, develops a complete solution for automated self-service retailers, commerce, and other merchants in the United States, Europe, the United Kingdom, Australia, Israel, and rest of the world.

Ratio Energies - Limited Partnership

Market Cap: ₪5.1b

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

Blue Square Real Estate

Market Cap: ₪4.7b

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

Oil Refineries

Market Cap: ₪2.8b

Primarily engages in the production and sale of fuel products, intermediate materials, and aromatic products in Israel and internationally.

Danel (Adir Yeoshua)

Market Cap: ₪2.8b

Provides human resources services in Israel.

G City

Market Cap: ₪2.4b

Through its subsidiaries, owns, develops, manages, and operates supermarket-anchored urban shopping centers and retail-based mixed-use properties in Israel, North America, Brazil, and Northern and Central Europe.

Palram Industries (1990)

Market Cap: ₪1.9b

Manufactures and sells thermoplastic sheets, and panel systems, and finished products in Israel and internationally.

Keystone Infra

Market Cap: ₪1.5b

Keystone REIT Ltd. operates in the asset management and custody banks industry.

Ayalon Insurance

Market Cap: ₪1.5b

Through its subsidiaries, provides various insurance products in Israel.

FMS Enterprises Migun

Market Cap: ₪1.3b

Manufactures and sells ballistic protection raw materials and products worldwide.

Megureit Israel

Market Cap: ₪1.2b

Operates in the real estate sector.

Kerur Holdings

Market Cap: ₪1.1b

Through its subsidiaries, operates in the food sector in Israel.

Eldan Transportation

Market Cap: ₪914.8m

Provides car sales , private leasing, operational leasing for companies, car rental in Israel, car rental abroad, road services, and financing solutions for the purchase of a car and hotels in Jerusalem and Paris.

Export Investment

Market Cap: ₪869.4m

Operates as the holding company for Bank of Jerusalem that provides various banking products and services in Israel.

Imagesat International (I.S.I)

Market Cap: ₪792.7m

Provides space-based intelligence, satellite imagery, and data analytics solutions for homeland defense markets and civilian markets worldwide.

BrainsWay

Market Cap: ₪757.1m

Develops and sells noninvasive neurostimulation treatments for mental health disorders in the United States, East Asia, and internationally.

Neto M.E Holdings

Market Cap: ₪739.3m

Produces, processes, imports, markets, and distributes a range of food products in Israel.

S.R. Accord

Market Cap: ₪700.3m

Provides credit and non-bank financing services in Israel.

Globrands

Market Cap: ₪699.0m

Distributes consumer goods in Israel.

Zur Shamir Holdings

Market Cap: ₪685.5m

Through its subsidiaries, operates in the insurance, consumer credit, and real estate markets in Israel.

Rimoni Industries

Market Cap: ₪478.6m

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.

Gan Shmuel Foods

Market Cap: ₪458.5m

Produces, markets, and sells citrus fruit, tomato, and other non-citrus fruit products in Israel.

Baran Group

Market Cap: ₪388.1m

An engineering company, provides engineering solutions for projects in Israel and internationally.

Medipower (Overseas)

Market Cap: ₪347.4m

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

Polygon Real Estate

Market Cap: ₪252.2m

Operates in real estate investment business in Israel.

N.R. Spuntech Industries

Market Cap: ₪249.8m

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

Shagrir Group Vehicle Services

Market Cap: ₪245.9m

Provides towing, rescue, and roadside assistance services in Israel and internationally.

Taya Investment

Market Cap: ₪171.1m

Operates in the field of media and communication for private production companies.

RSL Electronics

Market Cap: ₪146.8m

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.

Lachish Industries

Market Cap: ₪114.7m

Engages in the development, manufacturing, and marketing of various food mixers for the dairy farming and feedlot industry in Israel and internationally.