Afi Properties (AFPR) AI Stock Analysis

• Market Cap: ₪10.20B
• Dividend Yield: N/A
• Average Volume (3M): 11.39K
• Price to Earnings (P/E): 11.8
• Beta (1Y): 0.87
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IL
• Employees: 401
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Services
• EPS (TTM): 1144.00
• Shares Outstanding: 41,427,456
• 10 Day Avg. Volume: 27,718
• 30 Day Avg. Volume: 11,389
• PEG Ratio: 0.05
• Price to Book (P/B): 0.96
• Price to Sales (P/S): 4.39
• P/FCF Ratio: 10.83
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 75 Outperform
• Price Target: 28,125.00 ▲(18.87% Upside)

Afi Properties receives a strong overall score driven by robust technical indicators and attractive valuation. Financial performance is solid, but concerns about revenue growth and leverage slightly temper the score. The absence of earnings call and corporate events data does not affect the overall assessment.

Positive Factors

High profit margins & improving ROE

Sustained high gross and net margins with improving ROE indicate durable operating leverage and effective asset management. This supports long‑term cash generation, reinvestment capacity and resilience to cyclical rent fluctuations, underpinning strategic growth over months.

Positive free cash flow trend

Consistent free cash flow growth and stable operating cash conversion strengthen the company’s ability to fund developments, service debt and maintain assets without reliance on equity raises. This enhances financial flexibility and supports sustainable capital allocation plans.

Diversified revenue streams & partnerships

A mix of rental income, property sales, development profits and management fees provides recurring cash and transactional upside. Strategic partnerships with builders and governments improve project execution and pipeline access, lowering execution risk and supporting steady medium‑term growth.

Negative Factors

High leverage / elevated debt ratio

Significant leverage raises interest burden and constrains financial flexibility, increasing vulnerability to rate rises or revenue shocks. Over 2–6 months this can force tighter liquidity management, limit acquisitions or require asset disposals to rebalance capital structure.

Declining revenue growth

A material slowdown in revenue growth signals potential weaker leasing demand or portfolio turnover issues. Persisting revenue decline can erode margins over time, reduce free cash flow expansion, and hinder the company’s ability to scale operations or service higher fixed costs sustainably.

Liquidity & coverage concerns

Low coverage ratios and noted liquidity concerns mean limited buffers against tenant defaults or development delays. This elevates refinance risk and may force costly short‑term funding or asset sales if markets tighten, weakening strategic options over the medium term.

Afi Properties Business Overview & Revenue Model

Company Description

AFI Properties Ltd engages in the initiation, construction, rental, and operation of industrial buildings, offices, and commercial premises in Israel and Europe. It is involved in the development and operation of various projects that include shopping malls, logistics parks, offices, commercial, and residential properties. The company was formerly known as Africa Israel Properties Ltd. and changed its name to AFI Properties Ltd in July 2019. AFI Properties Ltd was incorporated in 1971 and is based in Yahud, Israel.

How the Company Makes Money

Afi Properties generates revenue primarily through rental income from its extensive portfolio of commercial and residential properties. The company secures long-term leases with tenants in office buildings, shopping centers, and residential complexes, ensuring a steady cash flow. Additionally, Afi Properties engages in property development projects, earning income from the sale of completed units. Strategic partnerships with construction firms, local governments, and financial institutions further enhance its ability to finance and execute large-scale projects efficiently, contributing significantly to its earnings.

Afi Properties Financial Statement Overview

Summary

Afi Properties demonstrates strong profitability and operational efficiency with high margins and improving return on equity. However, declining revenue growth and high leverage pose potential risks to financial stability. Positive cash flow generation is noted, but liquidity management remains a concern.

Income Statement

Afi Properties shows strong profitability with high gross and net profit margins in the TTM period. However, the revenue growth rate has declined significantly, indicating potential challenges in maintaining revenue levels. The EBIT and EBITDA margins are exceptionally high, suggesting efficient cost management and operational effectiveness.

Balance Sheet

The company has a relatively high debt-to-equity ratio, indicating significant leverage, which could pose risks if not managed carefully. However, the return on equity is improving, reflecting better utilization of equity to generate profits. The equity ratio is moderate, suggesting a balanced asset financing structure.

Cash Flow

Cash flow metrics indicate a positive trend, with free cash flow growth and a healthy free cash flow to net income ratio. The operating cash flow to net income ratio is stable, showing consistent cash generation relative to earnings. However, the coverage ratio is relatively low, which could impact liquidity.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	1.54B	1.50B	1.37B	1.16B	1.15B	947.56M
Gross Profit	1.05B	978.18M	759.75M	568.43M	580.16M	469.61M
EBITDA	1.58B	1.42B	693.24M	1.08B	1.19B	205.15M
Net Income	795.86M	663.30M	211.40M	585.49M	787.34M	19.09M
Balance Sheet
Total Assets	23.21B	21.44B	19.58B	17.45B	14.02B	12.81B
Cash, Cash Equivalents and Short-Term Investments	1.12B	1.24B	528.01M	905.66M	555.73M	470.38M
Total Debt	13.52B	12.89B	11.14B	9.86B	8.45B	7.14B
Total Liabilities	15.45B	14.55B	12.97B	11.51B	9.53B	8.52B
Stockholders Equity	7.73B	6.85B	6.59B	5.91B	4.47B	4.27B
Cash Flow
Free Cash Flow	731.63M	606.97M	314.57M	314.76M	427.76M	322.15M
Operating Cash Flow	839.01M	793.84M	513.77M	524.86M	533.73M	325.62M
Investing Cash Flow	-1.11B	-1.47B	-1.50B	-1.32B	-1.57B	-1.89B
Financing Cash Flow	597.80M	1.42B	586.40M	1.12B	1.15B	1.22B

Afi Properties Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 23660.00
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IL:AFPR, the sentiment is Positive. The current price of 23660 is below the 20-day moving average (MA) of 24397.50, above the 50-day MA of 23508.60, and above the 200-day MA of 20900.50, indicating a bullish trend. The MACD of 273.95 indicates Positive momentum. The RSI at 61.02 is Neutral, neither overbought nor oversold. The STOCH value of 76.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IL:AFPR.

Afi Properties Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AFPR	75 Outperform	₪10.20B	11.80	―	―	―	―
AMOT	70 Outperform	₪12.19B	14.40	―	5.22%	3.63%	-10.21%
MVNE	69 Neutral	₪10.81B	15.92	―	1.10%	11.13%	110.98%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
AURA	60 Neutral	₪6.39B	22.17	―	0.66%	31.05%	-6.52%
ALHE	49 Neutral	₪9.21B	114.03	―	2.42%	6.64%	―