ALTSHULER SHAHAM FINANCIAL LTD (IL:ALTF)
TASE:ALTF
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ALTSHULER SHAHAM FINANCIAL LTD
(TASE:ALTF)
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Rating:60Neutral
Price Target:
738.00
▼(-7.59% Downside)
Action:ReiteratedDate:03/27/26
The score is primarily held back by weakened 2025 cash flow and higher leverage, despite solid profitability. Technicals are supportive but look overbought, while valuation is relatively attractive with a moderate P/E and a high dividend yield.
Positive Factors
Recurring fee-based business model
ALTSHULER SHAHAM’s core fee-for-service model tied to retirement and long-term savings products creates durable, recurring revenue streams. Long-term client contracts and intermediated distribution (advisors, employers) support predictable fees and retention, insulating revenue from single-transaction volatility.
Negative Factors
Negative operating and free cash flow in 2025
A 2025 reversal to negative operating and free cash flow despite reported earnings signals weak cash conversion and potential earnings quality issues. That limits internal funding for dividends, tech and distribution spend, and raises reliance on external financing or asset sales to support capital needs over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring fee-based business model
ALTSHULER SHAHAM’s core fee-for-service model tied to retirement and long-term savings products creates durable, recurring revenue streams. Long-term client contracts and intermediated distribution (advisors, employers) support predictable fees and retention, insulating revenue from single-transaction volatility.
Read all positive factors
ALTSHULER SHAHAM FINANCIAL LTD (ALTF) vs. iShares MSCI Israel ETF (EIS)
Market Cap
₪1.36B
Dividend Yield5.43%
Average Volume (3M)480.15K
Price to Earnings (P/E)8.2
Beta (1Y)0.64
Revenue Growth0.65%
EPS Growth-0.83%
CountryIL
Employees864
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)22.30
Shares Outstanding198,533,050
10 Day Avg. Volume449,850
30 Day Avg. Volume480,153
Financial Highlights & Ratios
PEG Ratio0.94
Price to Book (P/B)2.47
Price to Sales (P/S)1.57
P/FCF Ratio-11.44
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
ALTSHULER SHAHAM FINANCIAL LTD Business Overview & Revenue Model
Company Description
Altshuler Shaham Finance Ltd engages in the provident and pension funds management activities. The company manages savings provident funds, provident funds, personal severance pay provident funds, study funds, central severance pay funds, central ...
How the Company Makes Money
ALTSHULER SHAHAM FINANCIAL LTD primarily makes money by charging fees for managing client assets and administering savings and investment products. The company’s core revenue stream is typically management fees calculated as a percentage of assets...
ALTSHULER SHAHAM FINANCIAL LTD Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
56
Neutral
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 934.97M | 918.16M | 990.30M | 1.29B | 1.42B |
| Gross Profit | 795.73M | 406.66M | 446.42M | 618.08M | 652.13M |
| EBITDA | 282.82M | 246.80M | 288.89M | 411.59M | 427.78M |
| Net Income | 127.78M | 113.06M | 137.93M | 213.12M | 258.26M |
Balance Sheet | |||||
| Total Assets | 1.55B | 1.21B | 1.19B | 1.33B | 1.62B |
| Cash, Cash Equivalents and Short-Term Investments | 276.79M | 83.99M | 115.86M | 100.06M | 298.67M |
| Total Debt | 783.16M | 515.86M | 519.50M | 109.12M | 729.55M |
| Total Liabilities | 933.54M | 664.25M | 673.31M | 834.95M | 1.07B |
| Stockholders Equity | 595.00M | 549.03M | 520.28M | 493.39M | 551.52M |
Cash Flow | |||||
| Free Cash Flow | -128.27M | 138.31M | 211.73M | 168.37M | 166.62M |
| Operating Cash Flow | -125.05M | 155.05M | 232.94M | 229.75M | 206.93M |
| Investing Cash Flow | -10.96M | -40.56M | 46.05M | -23.21M | -654.74M |
| Financing Cash Flow | 139.49M | -146.35M | -259.66M | -406.59M | -159.42M |
ALTSHULER SHAHAM FINANCIAL LTD Technical Analysis
Positive
798.60
Price Trends
600.01
Positive
699.92
Negative
691.13
Negative
Market Momentum
25.33
Negative
65.34
Neutral
63.82
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IL:ALTF, the sentiment is Positive. The current price of 798.6 is above the 20-day moving average (MA) of 618.49, above the 50-day MA of 600.01, and above the 200-day MA of 691.13, indicating a neutral trend. The MACD of 25.33 indicates Negative momentum. The RSI at 65.34 is Neutral, neither overbought nor oversold. The STOCH value of 63.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IL:ALTF.
ALTSHULER SHAHAM FINANCIAL LTD Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₪4.04B | 3.20 | ― | 2.54% | 62.82% | -15.94% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
61 Neutral | ₪2.70B | ― | ― | 2.95% | 26.35% | 48.62% | |
60 Neutral | ₪1.36B | 8.23 | ― | 5.43% | 0.65% | -0.83% | |
55 Neutral | ₪1.74B | ― | ― | 2.79% | 19.74% | 19.79% |
* Financial Sector Average
IL:ALTF
ALTSHULER SHAHAM FINANCIAL LTD
685.00
217.95
46.66%
IL:ANLT
Analyst
12,260.00
3,866.05
46.06%
IL:EMDV
Emilia Devel
2,342.00
-284.39
-10.83%
IL:MRIN
More Invest
3,680.00
2,360.61
178.92%
IL:GNRS
Generation Cap
246.50
173.06
235.65%
IL:MPP
More Pension
1,344.00
675.53
101.06%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.