Company Valuation: InterCure Ltd.

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 440.5 932.3 550.5 211 271.8 176.9
Change - 111.63% -40.95% -61.66% 28.77% -34.89%
Enterprise Value (EV) 1 407.6 844.6 572.9 305.4 404.5 313.3
Change - 107.2% -32.17% -46.69% 32.45% -22.55%
P/E -11.2x 207x 12.2x -3.41x -4.01x -4.87x
PBR 1.6x 2.09x 1.1x 0.46x 0.71x 0.45x
PEG - -2x 0x 0x -0.45x 0.1x
Capitalization / Revenue 6.77x 4.24x 1.42x 0.59x 1.14x 0.65x
EV / Revenue 6.27x 3.84x 1.47x 0.86x 1.69x 1.16x
EV / EBITDA 286x 23.8x 11.9x 45.7x -5.17x -5.66x
EV / EBIT -338x 27.8x 14x -203x -4.6x -4.66x
EV / FCF -33x 116x -12.3x -5.23x -13x -8.37x
FCF Yield -3.03% 0.86% -8.16% -19.1% -7.71% -11.9%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -7.33 0.5 4.941 -6.8 -7.4 -3.322
Distribution rate - - - - - -
Net sales 1 65.04 219.7 388.7 355.6 238.8 270.2
EBITDA 1 1.425 35.53 48.34 6.681 -78.22 -55.34
EBIT 1 -1.205 30.41 40.85 -1.503 -87.89 -67.24
Net income 1 -37.23 4.692 44.82 -61.96 -67.8 -35.71
Net Debt 1 -32.88 -87.64 22.37 94.35 132.8 136.3
Reference price 2 81.76 103.60 60.40 23.16 29.69 16.18
Nbr of stocks (in thousands) 5,388 8,999 9,115 9,115 9,153 10,936
Announcement Date 3/31/21 4/5/22 3/31/23 5/1/24 5/1/25 4/30/26
1ILS in Million2ILS
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 66.18M
16.23x1.83x8.47x - 371M
1.9x - - - 156M
16.58x - - - 143M
-1.26x0.7x3.03x - 95.51M
Average 8.36x 1.26x 5.75x 166.25M
Weighted average by Cap. 11.18x 1.60x 7.35x

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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  4. Valuation InterCure Ltd.
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