ALTSHULER SHAHAM FINANCIAL LTD (IL:ALTF)
TASE:ALTF
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ALTSHULER SHAHAM FINANCIAL LTD
(TASE:ALTF)
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Rating:61Neutral
Price Target:
715.00
▼(-10.47% Downside)
Action:Reiterated
Date:05/07/26
The score is driven primarily by weakened financial quality in 2025 (negative operating/free cash flow and higher leverage), partially offset by attractive valuation (low P/E and high dividend yield). Technicals are mixed, with neutral momentum and a modestly supportive medium-term trend.
Positive Factors
Recurring fee-based business model
Altshuler Shaham earns most revenue via management, performance and servicing fees that scale with AUM. This recurring fee model creates durable, relatively predictable revenue and margin profiles for an asset manager, supporting long-term cash flow visibility and operational planning.
Negative Factors
Sharp 2025 cash-flow deterioration
The switch to negative operating and free cash flow in 2025 materially weakens earnings quality and liquidity. If this cash conversion shortfall persists it constrains dividends, product investment and debt reduction, increasing structural financing and operational risk for the firm.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring fee-based business model
Altshuler Shaham earns most revenue via management, performance and servicing fees that scale with AUM. This recurring fee model creates durable, relatively predictable revenue and margin profiles for an asset manager, supporting long-term cash flow visibility and operational planning.
Read all positive factors
ALTSHULER SHAHAM FINANCIAL LTD (ALTF) vs. iShares MSCI Israel ETF (EIS)
Market Cap
₪1.35B
Dividend Yield5.43%
Average Volume (3M)480.15K
Price to Earnings (P/E)8.2
Beta (1Y)0.81
Revenue Growth0.53%
EPS Growth12.73%
CountryIL
Employees864
SectorFinancial
Sector Strength70
IndustryAsset Management
Share Statistics
EPS (TTM)0.64
Shares Outstanding198,537,490
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
ALTF primarily makes money by charging fees for managing client assets and administering investment products. The company’s key revenue streams typically include: (1) management fees calculated as a percentage of assets under management (AUM) acro...
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
Negative
798.60
Price Trends
675.54
Positive
659.67
Positive
710.49
Negative
Market Momentum
-1.84
Positive
45.80
Neutral
25.28
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IL:ALTF, the sentiment is Negative. The current price of 798.6 is above the 20-day moving average (MA) of 708.85, above the 50-day MA of 675.54, and above the 200-day MA of 710.49, indicating a neutral trend. The MACD of -1.84 indicates Positive momentum. The RSI at 45.80 is Neutral, neither overbought nor oversold. The STOCH value of 25.28 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | ₪4.40B | 1.11 | ― | 2.54% | 83.31% | 478.93% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | ₪12.71B | 23.54 | ― | 2.20% | 24.52% | 226.65% | |
61 Neutral | ₪1.35B | 8.23 | ― | 5.43% | 0.53% | 12.73% | |
61 Neutral | ₪2.93B | 33.09 | ― | 2.95% | 29.66% | 56.73% | |
55 Neutral | ₪1.75B | 26.91 | ― | 2.79% | 24.58% | 41.77% | |
48 Neutral | ₪4.64B | 110.02 | ― | 1.32% | ― | ― |
* Financial Sector Average
IL:ALTF
ALTSHULER SHAHAM FINANCIAL LTD
678.10
156.23
29.94%
IL:MISH
Mivtach Shamir
47,700.00
22,111.83
86.41%
IL:MTAV
Meitav Invest
15,040.00
9,793.07
186.64%
IL:MRIN
More Invest
4,000.00
2,166.15
118.12%
IL:GNRS
Generation Cap
258.90
178.52
222.10%
IL:MPP
More Pension
1,360.00
548.78
67.65%
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.