ICL Group Ltd

TASE:ICL Stock Report

Market Cap: ₪21.4b

ICL Group Valuation

Is ICL undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

3/6

Valuation Score 3/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of ICL when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: ICL (₪16.4) is trading below our estimate of fair value (₪17.22)

Significantly Below Fair Value: ICL is trading below fair value, but not by a significant amount.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for ICL?

Key metric: As ICL is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for ICL. This is calculated by dividing ICL's market cap by their current earnings.
What is ICL's PE Ratio?
PE Ratio14.6x
EarningsUS$404.00m
Market CapUS$5.88b

Price to Earnings Ratio vs Peers

How does ICL's PE Ratio compare to its peers?

The above table shows the PE ratio for ICL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average23.4x
ILCO Israel
58.4xn/a₪6.4b
PLRM Palram Industries (1990)
8.6xn/a₪2.0b
000408 Zangge Mining
19.1x28.6%CN¥44.3b
600096 Yunnan Yuntianhua
7.6x2.8%CN¥39.6b
ICL ICL Group
14.6x17.8%₪5.9b

Price-To-Earnings vs Peers: ICL is good value based on its Price-To-Earnings Ratio (14.6x) compared to the peer average (23.4x).

Price to Earnings Ratio vs Industry

How does ICL's PE Ratio compare vs other companies in the Asian Chemicals Industry?

22 CompaniesPrice / EarningsEstimated GrowthMarket Cap
ICL 14.6xIndustry Avg. 22.8xNo. of Companies147PE01632486480+
22 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: ICL is good value based on its Price-To-Earnings Ratio (14.6x) compared to the Asian Chemicals industry average (22.8x).

Price to Earnings Ratio vs Fair Ratio

What is ICL's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

ICL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio14.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate ICL's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst ICL forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₪16.40
₪17.72
+8.0%
10.7%₪20.38₪14.83n/a5
Nov ’25₪15.45
₪17.83
+15.4%
10.4%₪20.69₪15.05n/a5
Oct ’25₪16.01
₪17.46
+9.0%
10.5%₪20.17₪14.67n/a5
Sep ’25₪16.45
₪17.46
+6.1%
10.5%₪20.17₪14.67n/a5
Aug ’25₪15.79
₪17.94
+13.6%
6.6%₪19.89₪16.28n/a5
Jul ’25₪15.74
₪19.22
+22.1%
9.3%₪22.18₪16.63n/a5
Jun ’25₪17.31
₪19.22
+11.0%
9.3%₪22.18₪16.63n/a5
May ’25₪17.06
₪19.67
+15.3%
8.4%₪22.20₪16.65n/a6
Apr ’25₪19.63
₪19.45
-0.9%
9.1%₪21.98₪16.48n/a5
Mar ’25₪18.89
₪19.15
+1.4%
9.1%₪21.35₪16.01n/a5
Feb ’25₪16.74
₪19.56
+16.9%
12.8%₪22.23₪14.82n/a5
Jan ’25₪18.40
₪22.43
+21.9%
8.0%₪24.18₪20.09n/a5
Dec ’24₪18.74
₪23.02
+22.8%
9.9%₪26.29₪20.28n/a5
Nov ’24₪19.40
₪26.55
+36.9%
6.1%₪28.20₪24.17₪15.455
Oct ’24₪21.45
₪25.19
+17.5%
5.8%₪26.17₪22.43₪16.015
Sep ’24₪22.80
₪25.19
+10.5%
5.8%₪26.17₪22.43₪16.455
Aug ’24₪23.68
₪24.48
+3.4%
5.8%₪25.43₪21.79₪15.795
Jul ’24₪20.10
₪24.91
+23.9%
6.8%₪26.80₪21.73₪15.745
Jun ’24₪20.15
₪27.26
+35.3%
5.4%₪29.96₪26.21₪17.315
May ’24₪22.25
₪29.83
+34.1%
10.1%₪33.43₪25.71₪17.065
Apr ’24₪24.13
₪31.76
+31.6%
4.8%₪33.15₪29.14₪19.635
Mar ’24₪26.04
₪31.76
+22.0%
4.8%₪33.15₪29.14₪18.895
Feb ’24₪27.40
₪32.10
+17.1%
5.7%₪34.36₪29.21₪16.745
Jan ’24₪25.57
₪35.15
+37.5%
10.7%₪41.19₪30.89₪18.405
Dec ’23₪28.40
₪36.68
+29.2%
10.8%₪41.60₪31.20₪18.745
Nov ’23₪31.92
₪38.92
+21.9%
8.2%₪42.15₪35.13₪19.405

Analyst Forecast: Target price is less than 20% higher than the current share price.

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