Doral Energy (DORL) AI Stock Analysis

• Market Cap: 7.19B
• Dividend Yield: N/A
• Average Volume (3M): 534.94K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.10
• Revenue Growth: 113.54%
• EPS Growth: -242.38%
• Country: IL
• Employees: 212
• Sector: Energy
• Sector Strength: 52
• Industry: Renewable Utilities
• EPS (TTM): N/A
• Shares Outstanding: 199,657,410
• 10 Day Avg. Volume: 608,915
• 30 Day Avg. Volume: 534,937
• PEG Ratio: -0.75
• Price to Book (P/B): 1.12
• Price to Sales (P/S): 7.19
• P/FCF Ratio: -2.55
• 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: 51 Neutral
• Price Target: 3,588.00 ▼(-3.03% Downside)

The score is held down primarily by weak financial performance—large losses, negative operating/free cash flow, and higher leverage—despite strong technical momentum and trend support. Negative earnings and no dividend data also limit valuation support.

Positive Factors

Stable Contracted Revenue (PPAs)

Long-term PPAs with utilities and corporations provide predictable, contract-backed revenue streams, reducing merchant exposure and revenue volatility. This cash visibility improves project-level financing prospects and supports disciplined capital allocation in a capital-intensive renewable-asset growth strategy.

Accelerating Revenue Growth

Accelerating TTM revenue growth to 14.0% after low-single-digit 2024 growth reflects scaling project operations and stronger asset utilization. Sustainable top-line expansion helps absorb fixed development costs and can enable margin improvement if paired with operational cash-flow recovery.

Diversified Renewable Portfolio

Doral's diversified portfolio of solar, wind and energy storage positions it to capture multiple renewable market premiums and grid services. This structural exposure to decarbonization trends and storage demand supports long-term revenue optionality and access to incentives and corporate PPAs.

Negative Factors

Negative Operating and Free Cash Flow

Consistently negative operating cash flow (TTM -51.5M) and a deeply negative free cash flow (TTM -665.5M) indicate the core business is not self-funding. Persistent cash burn necessitates external financing, increasing dilution and refinancing risk, and may constrain project execution and returns.

Large Net Losses and Negative Margins

A very large TTM net loss (-76.5% net margin) shows operations currently unprofitable despite revenue gains. Ongoing losses erode equity cushions, limit reinvestment capacity, and may force strategic trade-offs—cost cuts, asset sales or equity raises—that affect long-term growth execution.

Rising Leverage and Debt Burden

Total debt rose to 4.57B, driving debt/equity to 2.90x (from 1.78x in 2024), materially increasing financial leverage. With weak cash generation and losses, higher debt heightens interest and refinancing risk, reduces flexibility for new projects, and increases vulnerability to adverse market shifts.

Doral Energy Business Overview & Revenue Model

Company Description

Doral Group Renewable Energy Resources Ltd develops, finances, constructs, and maintains solar renewable energy facilities. The company was founded in 2007 and is based in Ramat Gan, Israel.

How the Company Makes Money

Doral Energy generates revenue primarily through the sale of electricity produced by its renewable energy projects. The company enters into long-term power purchase agreements (PPAs) with utilities and large corporations, ensuring a stable cash flow from its energy production. Additionally, Doral may earn revenue from government incentives, tax credits, and renewable energy certificates associated with its projects. The company also leverages partnerships with other energy firms and stakeholders to expand its project portfolio and enhance its market presence, further contributing to its revenue streams.

Doral Energy Financial Statement Overview

Summary

Doral Energy is experiencing rapid revenue growth, but profitability and cash flow management remain critical challenges. The high leverage and negative cash flows highlight potential financial risks, necessitating strategic improvements in operational efficiency and debt management to ensure long-term sustainability.

Income Statement

Doral Energy has shown significant revenue growth, with a notable increase from $78.67 million in 2023 to $310.12 million in 2024. However, the company struggles with profitability, as indicated by negative EBIT and EBITDA margins. The net profit margin improved due to a positive net income in 2024, but the overall profitability remains a concern.

Balance Sheet

The company's debt-to-equity ratio has increased, indicating higher leverage, which could pose risks if not managed properly. However, the equity ratio remains stable, suggesting a balanced asset structure. Return on equity is positive, reflecting some profitability, but the high debt levels warrant caution.

Cash Flow

Doral Energy's cash flow situation is challenging, with negative operating and free cash flows, indicating cash burn. The free cash flow has worsened significantly, highlighting potential liquidity issues. The operating cash flow to net income ratio is negative, suggesting inefficiencies in converting income to cash.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	455.09M	310.12M	78.67M	46.99M	125.05M	59.23M
Gross Profit	69.66M	26.86M	11.53M	16.27M	32.72M	18.98M
EBITDA	-50.48M	-53.16M	28.82M	9.48M	-6.05M	22.80M
Net Income	-348.12M	20.02M	-41.14M	1.09B	-20.11M	11.61M
Balance Sheet
Total Assets	6.45B	5.85B	4.53B	3.34B	1.66B	628.94M
Cash, Cash Equivalents and Short-Term Investments	632.05M	492.82M	569.91M	549.77M	741.68M	260.91M
Total Debt	4.57B	3.53B	2.09B	1.04B	826.74M	189.05M
Total Liabilities	4.87B	3.83B	2.51B	1.38B	944.07M	225.66M
Stockholders Equity	1.58B	1.98B	1.98B	1.96B	499.49M	405.50M
Cash Flow
Free Cash Flow	-665.53M	-873.06M	-572.97M	-442.74M	-300.43M	-36.17M
Operating Cash Flow	-51.46M	-65.26M	-31.00M	-77.04M	-41.29M	-1.48M
Investing Cash Flow	-847.78M	-988.93M	-528.89M	-1.05B	-508.75M	-148.34M
Financing Cash Flow	946.71M	977.60M	709.81M	905.25M	907.41M	368.52M

Doral Energy Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 3700.00
• 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:DORL, the sentiment is Positive. The current price of 3700 is above the 20-day moving average (MA) of 3515.40, above the 50-day MA of 3042.20, and above the 200-day MA of 1922.92, indicating a bullish trend. The MACD of 170.51 indicates Positive momentum. The RSI at 64.58 is Neutral, neither overbought nor oversold. The STOCH value of 21.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IL:DORL.

Doral Energy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ENLT	77 Outperform	21.18B	43.74	8.71%	―	21.55%	139.11%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
ENRG	59 Neutral	9.97B	34.83	―	2.25%	-1.14%	6.47%
MSKE	56 Neutral	6.87B	―	―	―	―	―
DORL	51 Neutral	7.19B	-18.41	―	―	113.54%	-242.38%
ECNR	49 Neutral	3.18B	-135.93	―	―	-9.53%	-125.66%
NOFR	44 Neutral	5.67B	-71.28	―	―	5.79%	-13.05%