Doral Energy (DORL) AI Stock Analysis

• Market Cap: ₪8.67B
• Dividend Yield: N/A
• Average Volume (3M): 534.94K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.06
• Revenue Growth: 113.54%
• EPS Growth: -242.38%
• Country: IL
• Employees: 212
• Sector: Energy
• Sector Strength: 52
• Industry: Renewable Utilities
• EPS (TTM): -36.10
• 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: 47 Neutral
• Price Target: 4,655.00 ▲(25.81% Upside)

The score is held down primarily by weak financial quality: large TTM losses, persistent negative operating cash flow, sharply negative free cash flow, and rising leverage. Technicals provide partial support due to a strong uptrend, but elevated RSI/Stoch suggest the move is stretched. Valuation remains challenged because earnings are negative and there is no dividend yield data to offset uncertainty.

Positive Factors

Long-term contracted cash flows (PPAs)

Long-term PPAs create durable, predictable revenue streams that reduce merchant price exposure and support project-level financing. This stability underpins the firm's ability to fund construction and operations, making underlying cash flows more bankable over the medium term.

Accelerating revenue growth

Sustained acceleration in revenue signals growing project output and market demand for the company's assets. Over the next 2–6 months, higher scale can improve negotiating leverage on contracts and spread fixed project costs, supporting the path to improved operating leverage.

Diversified renewable asset base

A business spanning solar, wind and energy storage reduces single-technology and site concentration risk, enabling portfolio optimization and resilience to localized disruptions. This diversification supports stable long-term cash generation and policy-aligned growth opportunities.

Negative Factors

Persistent negative operating and free cash flow

Consistent negative operating cash flow and deeply negative free cash flow (TTM -665.5M) indicate the core business is not self-funding. Over months this raises reliance on external financing for capex and operations, increasing execution and refinancing risk for the project pipeline.

Rising leverage and debt burden

Materially higher debt and a 2.9x debt-to-equity ratio elevate interest and covenant risk, reducing financial flexibility. If operating performance or cash generation fails to improve, elevated leverage can force asset sales, higher-cost refinancing, or equity dilution within the medium term.

Large net losses and weak profitability

A very large negative net margin reflects structural gaps between pricing and cost or heavy one-time/financial charges. Persistent losses undermine retained earnings and investor confidence, making it harder to absorb shocks and sustain investment without material operational improvement or external funding.

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

Despite sharply improving TTM revenue growth (14.0%), profitability is severely weak (TTM net margin -76.5% with negative EBIT/EBITDA margins). Cash generation is a major concern with negative operating cash flow in every period and deeply negative, worsening TTM free cash flow (-665.5M). Leverage has risen materially (debt-to-equity 2.90x), increasing funding and financial flexibility risk.

Income Statement

Revenue growth has accelerated sharply, reaching 14.0% in TTM (Trailing-Twelve-Months) after low-single-digit growth in 2024, which is a clear demand/scale positive. However, profitability has deteriorated meaningfully: TTM net loss is very large (-76.5% net margin) with negative operating profitability (EBIT and EBITDA margins both negative), indicating the current cost structure is not being supported by revenue. Results have also been volatile across years (including an unusually strong 2022 profit), reducing earnings quality and predictability.

Balance Sheet

Leverage has risen materially as total debt increased to 4.57B in TTM (Trailing-Twelve-Months), pushing debt relative to equity to 2.90x (up from 1.78x in 2024 and ~0.53x in 2022). Equity remains sizable (1.58B), but returns have turned negative in TTM, reflecting pressure from losses and higher financing burden. Overall, the balance sheet shows growing financial risk due to increasing leverage and weakening profitability.

Cash Flow

Cash generation is a key weakness: operating cash flow is negative in every period shown, including TTM (Trailing-Twelve-Months) at -51.5M, suggesting the core business is not self-funding. Free cash flow is deeply negative and worsening in TTM (-665.5M, with negative growth), implying heavy ongoing cash burn likely tied to investment and/or working-capital needs. While the company reported an accounting profit in 2024, cash flow remained negative, highlighting a gap between reported earnings and cash generation.

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: Negative
• RSI: Negative
• STOCH: Negative

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 below the 20-day moving average (MA) of 4032.60, above the 50-day MA of 3495.72, and above the 200-day MA of 2124.86, indicating a bullish trend. The MACD of 344.03 indicates Negative momentum. The RSI at 80.47 is Negative, neither overbought nor oversold. The STOCH value of 86.37 is Negative, 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	73 Outperform	₪23.96B	51.80	8.71%	―	21.55%	139.11%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
ENRG	59 Neutral	₪11.23B	39.23	―	2.25%	-1.14%	6.47%
ECNR	54 Neutral	₪3.99B	-168.14	―	―	-9.53%	-125.66%
MSKE	52 Neutral	₪7.93B	―	―	―	―	―
DORL	47 Neutral	₪8.67B	-24.02	―	―	113.54%	-242.38%
NOFR	44 Neutral	₪6.00B	-77.18	―	―	5.79%	-13.05%