Mlrn (MLRN) AI Stock Analysis

• Market Cap: ₪451.44M
• Dividend Yield: 7.37%
• Average Volume (3M): 31.95K
• Price to Earnings (P/E): 8.5
• Beta (1Y): 0.44
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: IL
• Employees: 42
• Sector: Services
• Sector Strength: N/A
• Industry: Financial - Credit Services
• EPS (TTM): N/A
• Shares Outstanding: 30,035,640
• 10 Day Avg. Volume: 23,473
• 30 Day Avg. Volume: 31,955
• PEG Ratio: -0.07
• Price to Book (P/B): 0.78
• Price to Sales (P/S): 2.64
• P/FCF Ratio: -5.05
• 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: 61 Neutral
• Price Target: 1,611.00 ▲(5.50% Upside)

The score is primarily held back by weak financial quality—negative operating/free cash flow alongside materially higher leverage—despite strong reported margins and TTM growth. Technicals are supportive with an uptrend across moving averages and positive momentum, and valuation is favorable with a low P/E and high dividend yield.

Mlrn Business Overview & Revenue Model

Company Description

M.L.R.N Projects and Trade Ltd. provides credit to small and medium-sized businesses in Israel. It offers business loans, check discounting, leasing to finance the purchase of equipment and tools, and financing for the purchase of real estate, as well as line of credit services. M.L.R.N Projects and Trade Ltd. was founded in 2008 and is based in Tel Aviv-Yafo, Israel.

How the Company Makes Money

Mlrn Financial Statement Overview

Summary

Strong reported profitability (TTM net margin ~39%) and solid TTM revenue growth (~22%) are offset by a weaker risk profile: leverage has risen sharply (debt-to-equity ~2.35) and cash generation is poor with negative TTM operating cash flow (-37M) and negative free cash flow, raising funding and durability concerns.

Income Statement

Profitability is a clear strength: TTM (Trailing-Twelve-Months) net margin is ~39% with strong operating profitability, and revenue grew ~22% versus the prior period. However, the historical revenue path is uneven (down in 2023 and roughly flat in 2024), and margins have been volatile across years, which tempers confidence in the durability of current performance.

Balance Sheet

Leverage has increased meaningfully: total debt rose sharply to 743M in TTM (Trailing-Twelve-Months) and debt-to-equity moved up to ~2.35, indicating a more leveraged capital structure versus 2023–2024 (near ~0.93–0.97). Equity has grown, and returns on equity are solid (~17.6% TTM), but the higher debt load increases financial risk and reduces balance-sheet flexibility.

Cash Flow

Cash generation is the main weak point: operating cash flow is negative in TTM (Trailing-Twelve-Months) (-37M) and also negative in 2024, with free cash flow negative as well. While 2023 showed a strong positive cash year, the subsequent reversal and declining free cash flow trend (TTM down ~45%) raises questions about cash conversion and funding needs despite reported profitability.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	135.86M	86.78M	87.21M	93.70M	61.48M	36.90M
Gross Profit	106.41M	86.78M	87.21M	104.03M	65.95M	36.90M
EBITDA	58.80M	0.00	53.61M	15.45M	-2.84M	652.00K
Net Income	52.84M	37.03M	28.62M	63.22M	28.74M	17.30M
Balance Sheet
Total Assets	1.08B	905.02M	791.42M	1.17B	924.86M	371.37M
Cash, Cash Equivalents and Short-Term Investments	6.83M	0.00	19.46M	8.82M	43.53M	33.08M
Total Debt	743.44M	281.67M	239.98M	482.87M	445.03M	119.00M
Total Liabilities	763.15M	613.23M	532.80M	893.61M	701.00M	261.60M
Stockholders Equity	315.69M	291.79M	258.61M	239.03M	174.72M	109.76M
Cash Flow
Free Cash Flow	-39.04M	-45.27M	245.43M	-153.63M	-310.02M	-98.47M
Operating Cash Flow	-37.40M	-44.97M	246.92M	-151.32M	-309.07M	-97.16M
Investing Cash Flow	-2.22M	-1.16M	-13.71M	-2.47M	-27.76M	-6.95M
Financing Cash Flow	40.22M	29.75M	-222.68M	119.00M	347.28M	103.94M

Mlrn Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
PEN	75 Outperform	₪815.19M	11.46	―	5.35%	25.73%	45.19%
MLRN	61 Neutral	₪451.44M	8.54	―	7.37%	―	―
MCLL	58 Neutral	₪772.01M	14.00	―	1.53%	―	―
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%