Knafaim Holdings Valuation

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

KNFM (₪13.11) is trading below our estimate of [[fair value]] (₪15.16)

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

Valuation Score

1/6

Valuation Score 1/6

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 KNFM when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: KNFM (₪13.11) is trading below our estimate of fair value (₪15.16)

Significantly Below Fair Value: KNFM 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 KNFM?

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

The above table shows the Price to Earnings ratio for KNFM. This is calculated by dividing KNFM's market cap by their current earnings.
What is KNFM's PE Ratio?
PE Ratio	18.6x
Earnings	US$3.08m
Market Cap	US$57.20m

KNFM key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	4.7x
Enterprise Value/EBITDA	8.9x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

The above table shows the PE ratio for KNFM vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	Forward PE	Estimated Growth	Market Cap
Peer Average	13.2x
ELAL El Al Israel Airlines	2.9x	n/a	₪3.4b
ETGA ETGA Group	11.5x	n/a	₪316.3m
ORIN Orian Sh.M	10.3x	n/a	₪319.7m
FRDN Fridenson Logistic Services	28.2x	n/a	₪78.3m
KNFM Knafaim Holdings	18.6x	n/a	₪214.2m

Price-To-Earnings vs Peers: KNFM is expensive based on its Price-To-Earnings Ratio (18.6x) compared to the peer average (13.2x).

Price to Earnings Ratio vs Industry

How does KNFM's PE Ratio compare vs other companies in the Asian Airlines Industry?

1 Company	Price / Earnings	Estimated Growth	Market Cap

1 Company		Estimated Growth	Market Cap

No more companies

Price-To-Earnings vs Industry: KNFM is expensive based on its Price-To-Earnings Ratio (18.6x) compared to the Asian Airlines industry average (10.2x).

Price to Earnings Ratio vs Fair Ratio

What is KNFM'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.

KNFM PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	18.6x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate KNFM'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?

Analyst Forecast: Insufficient data to show price forecast.