Land Dev (ILDC) AI Stock Analysis

• Market Cap: ₪1.50B
• Dividend Yield: 3.87%
• Average Volume (3M): 28.78K
• Price to Earnings (P/E): 11.3
• Beta (1Y): 1.38
• Revenue Growth: -5.51%
• EPS Growth: 35.48%
• Country: IL
• Employees: 100
• Sector: Real Estate
• Sector Strength: 53
• Industry: Real Estate - Development
• EPS (TTM): 50.70
• Shares Outstanding: 40,462,680
• 10 Day Avg. Volume: 41,033
• 30 Day Avg. Volume: 28,780
• PEG Ratio: 0.68
• Price to Book (P/B): 0.80
• Price to Sales (P/S): 1.52
• P/FCF Ratio: -1.70
• 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: 64 Neutral
• Price Target: 4,387.00 ▲(2.14% Upside)

The stock's overall score is driven by a solid valuation and stable technical indicators. However, financial performance is a concern due to cash flow challenges and high leverage. The absence of earnings call data and corporate events means these factors did not influence the score.

Positive Factors

Diversified revenue streams

A multi-stream model reduces reliance on single-project sales cycles and spreads cash generation across transactional sales, long-term leases and fees. Joint ventures and government partnerships also provide recurring income and access to project funding, supporting durable revenue resilience.

High operating margins

Very strong EBIT/EBITDA margins indicate efficient project execution, cost control and pricing power in development activities. These operating efficiencies create structural profit capacity that can sustain returns through cycles and help absorb input cost volatility over the medium term.

Sustainable urban development focus

A stated commitment to sustainable, modern urban projects aligns with structural demand for greener, higher-density developments and regulatory trends. This strategic positioning can support long-term demand, premium positioning and lower lifecycle costs across future projects.

Negative Factors

High leverage

A debt-to-equity ratio above 3x creates persistent refinancing and interest-rate sensitivity, limiting balance sheet flexibility. High leverage constrains capital allocation, raises default risk in downturns and reduces the firm's ability to self-fund project pipelines over the medium term.

Negative operating and free cash flow

Sustained negative operating and free cash flows undermine the firm's ability to fund construction cycles, service debt, and deleverage internally. Reliance on external financing or JV funding raises execution and refinancing risk and can delay deleveraging for multiple quarters.

Low net profitability and ROE

A net margin near 4% and a low ROE (~2.03% TTM) indicate weak returns on capital after operating costs and interest. This structural low profitability limits retained earnings, makes funding growth via profit harder, and reduces the long-term capacity to generate shareholder value.

Land Dev Business Overview & Revenue Model

Company Description

Land Development of Nimrodi Group Ltd. engages in real estate activities. It operates through the following segments: Real Estate, Business Services, and Other Services. The company was founded in 1909 and is headquartered in Bnei Brak, Israel.

How the Company Makes Money

Land Dev generates revenue through multiple streams, including the sale of developed properties, leasing of commercial spaces, and project management fees. The primary revenue source comes from the sale of residential units and commercial properties once construction is complete. Additionally, ILDC earns income through long-term leases for commercial spaces within its developments. The company also engages in joint ventures and partnerships with local governments and private investors, which can provide funding and shared profits from large-scale projects. Furthermore, ILDC may receive consultancy fees for providing expertise in land development and urban planning, enhancing its overall revenue model.

Land Dev Financial Statement Overview

Summary

Land Dev demonstrates strong revenue growth and operational efficiency, but faces profitability and cash flow challenges. High leverage and low returns on equity present potential risks. The company needs to improve cash flow management to enhance financial stability.

Income Statement

The company shows a strong revenue growth rate of 11.47% TTM, indicating positive momentum. However, the net profit margin is relatively low at 4.18% TTM, suggesting profitability challenges. The EBIT and EBITDA margins are robust at 69.74% and 73.88% TTM, respectively, reflecting efficient operations.

Balance Sheet

The debt-to-equity ratio is high at 3.38 TTM, indicating significant leverage, which could pose financial risks. The return on equity is low at 2.03% TTM, suggesting limited returns for shareholders. The equity ratio is moderate, showing a balanced asset structure.

Cash Flow

The company faces cash flow challenges with negative operating and free cash flows. The free cash flow to net income ratio is high at 9.88 TTM, indicating cash flow issues despite accounting profits. The operating cash flow to net income ratio is negative, highlighting cash generation concerns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	966.78M	933.84M	896.38M	672.68M	478.12M	354.54M
Gross Profit	485.15M	415.89M	386.33M	346.00M	198.87M	158.44M
EBITDA	788.21M	770.25M	340.62M	808.40M	730.28M	163.31M
Net Income	132.08M	91.29M	69.16M	221.46M	222.01M	23.85M
Balance Sheet
Total Assets	10.80B	10.59B	9.22B	8.63B	6.81B	5.79B
Cash, Cash Equivalents and Short-Term Investments	333.40M	814.72M	460.12M	486.67M	467.75M	379.43M
Total Debt	6.03B	6.14B	5.20B	4.73B	3.86B	3.53B
Total Liabilities	7.45B	7.38B	6.38B	5.98B	4.82B	4.22B
Stockholders Equity	1.78B	1.78B	1.58B	1.50B	1.17B	927.01M
Cash Flow
Free Cash Flow	-736.56M	-835.77M	-641.61M	-388.00M	-483.22M	-435.19M
Operating Cash Flow	-112.13M	-33.48M	-27.20M	255.61M	143.74M	-69.58M
Investing Cash Flow	-682.52M	-823.77M	-200.84M	-877.94M	-612.30M	-342.01M
Financing Cash Flow	364.59M	1.22B	161.15M	688.94M	537.33M	446.25M

Land Dev Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 4295.00
• 50DMA: Negative
• 100DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IL:ILDC, the sentiment is Negative. The current price of 4295 is above the 20-day moving average (MA) of 4034.40, above the 50-day MA of 3861.36, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of -58.23 indicates Positive momentum. The RSI at 34.65 is Neutral, neither overbought nor oversold. The STOCH value of 7.82 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IL:ILDC.

Land Dev Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
LAHAV	75 Outperform	₪2.67B	10.82	―	2.26%	19.43%	21.77%
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
ILDC	64 Neutral	₪1.50B	11.35	―	3.87%	-5.51%	35.48%