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Aluma Infrastructure Fund (2020) Ltd. (IL:ALUMA)
TASE:ALUMA
Israel Market
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Aluma Infrastr' (ALUMA) AI Stock Analysis

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IL:ALUMA

Aluma Infrastr'

(TASE:ALUMA)

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Neutral 47 (OpenAI - 5.2)
Rating:47Neutral
Price Target:
89.00
▲(4.34% Upside)
Action:Reiterated
Date:07/12/26
The score is held down primarily by weak financial performance, driven by a sharp TTM revenue decline, negative gross profit, rising leverage, and persistently negative operating/free cash flow (weak earnings quality). Technicals are mixed/neutral and valuation is moderate (P/E ~15.6), which provide some offset but not enough to overcome the fundamental and cash-generation risks.
Positive Factors
Historical Profit Episodes
Management and the underlying business have demonstrated the ability to produce very strong reported profits in past periods, indicating the firm can realize high-margin outcomes under favorable conditions. That capacity supports recovery potential and strategic flexibility over a multi-month horizon.
Negative Factors
Sharp Revenue Decline
A 41.7% TTM revenue collapse reflects severe demand or execution deterioration; such large top-line contraction undermines pricing power and scale economics, making margin recovery and predictable earnings difficult to achieve in the medium term without clear revenue restoration.
Read all positive and negative factors
Positive Factors
Negative Factors
Historical Profit Episodes
Management and the underlying business have demonstrated the ability to produce very strong reported profits in past periods, indicating the firm can realize high-margin outcomes under favorable conditions. That capacity supports recovery potential and strategic flexibility over a multi-month horizon.
Read all positive factors

Aluma Infrastr' (ALUMA) vs. iShares MSCI Israel ETF (EIS)

Aluma Infrastr' Business Overview & Revenue Model

Company Description
Established in 2020, Aluma Infrastructure Fund (2020) Ltd. functions as an investment vehicle primarily dedicated to fostering infrastructure development throughout Israel. The fund maintains its principal operations in Tel Aviv, Israel....

Aluma Infrastr' Financial Statement Overview

Summary
Overall fundamentals are weak: TTM revenue fell sharply (-41.7%) with negative gross profit, leverage rose materially (debt-to-equity ~0.65 vs ~0.25), and operating/free cash flow are consistently negative (TTM FCF about -13.0M). Although reported net/EBIT margins are unusually high, the accompanying explanation suggests profits are likely driven by non-core or episodic items with low sustainability and poor cash conversion.
Income Statement
46
Neutral
Balance Sheet
55
Neutral
Cash Flow
22
Negative
BreakdownTTMDec 2025Dec 2024Dec 2023Dec 2022Dec 2021
Income Statement
Total Revenue9.02M9.66M74.01M9.53M3.87M554.00K
Gross Profit-2.16M-610.00K64.90M1.77M-3.06M-4.09M
EBITDA28.97M47.37M61.36M90.22M-43.01M82.31M
Net Income17.81M26.81M42.35M64.96M-33.54M62.44M
Balance Sheet
Total Assets816.83M642.16M563.86M510.26M385.79M348.18M
Cash, Cash Equivalents and Short-Term Investments243.24M70.78M26.55M45.70M121.24M100.16M
Total Debt301.24M119.19M76.69M77.16M79.22M0.00
Total Liabilities354.51M174.07M122.83M111.58M93.51M23.38M
Stockholders Equity462.32M468.08M441.03M398.68M292.28M324.80M
Cash Flow
Free Cash Flow-13.04M-12.25M-6.09M-7.87M-5.07M-4.68M
Operating Cash Flow-13.04M-12.25M-6.09M-7.87M-5.07M-4.68M
Investing Cash Flow20.95M-27.02M2.67M-96.00M-134.65M-85.86M
Financing Cash Flow225.06M37.70M-2.06M-2.06M80.25M184.93M

Aluma Infrastr' Peers Comparison

Overall Rating
UnderperformOutperform
Sector (55)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
79
Outperform
₪6.23B5.322.54%104.92%848.13%
70
Outperform
₪3.20B22.262.95%31.66%50.53%
67
Neutral
₪12.01B12.862.20%26.44%193.59%
58
Neutral
₪1.30B9.895.43%-0.76%21.67%
55
Neutral
$6.65B3.83-15.92%6.20%10.91%7.18%
47
Neutral
₪276.35M15.53-25.74%-53.15%
47
Neutral
₪4.25B-532.561.32%-14.44%-108.86%
* General Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
IL:ALUMA
Aluma Infrastr'
89.90
11.10
14.09%
IL:MISH
Mivtach Shamir
43,670.00
16,429.14
60.31%
IL:MTAV
Meitav Invest
14,210.00
6,921.60
94.97%
IL:MRIN
More Invest
4,385.00
1,263.47
40.48%
IL:GNRS
Generation Cap
284.40
183.94
183.09%
IL:ALTF
ALTSHULER SHAHAM FINANCIAL LTD
652.80
93.85
16.79%
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.Date of analysis: Jul 12, 2026