K 
Kardan Real Estate Enterprise and Development KARE.TA · ILA
Real Estate · Tel Aviv · 🇮🇱 Israel
420.40
-0.71%
Close of 9 Nov 2026, in ILA
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At a glance
Figures in ILS, from our data supplier.
Revenue
ILS 537.3m
FY2015FY2024
Net income
ILS 49.6m
FY2015FY2024
Free cash flow
ILS 69.1m
FY2015FY2024
Shareholders' equity
ILS 755.3m
FY2015FY2024
Income statement
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ILS 537.3m | ILS 604.5m | ILS 620.2m | ILS 652.8m | ILS 474.7m | ILS 372.8m | ILS 455.0m | ILS 451.2m | ILS 631.1m | ILS 501.7m |
| Gross profit | ILS 120.3m | ILS 162.5m | ILS 151.3m | ILS 143.6m | ILS 101.9m | ILS 71.4m | ILS 91.0m | ILS 94.4m | ILS 83.6m | ILS 58.6m |
| Operating income | ILS 75.2m | ILS 110.9m | ILS 105.8m | ILS 99.1m | ILS 68.8m | ILS 31.0m | ILS 47.1m | ILS 60.7m | ILS 62.2m | ILS 41.8m |
| Net income | ILS 49.6m | ILS 70.5m | ILS 120.0m | ILS 81.6m | ILS 33.9m | ILS 22.5m | ILS 37.0m | ILS 86.1m | ILS 37.4m | ILS 40.0m |
| Diluted earnings per share | 0.27 | 0.38 | 0.65 | 0.45 | 0.19 | 0.12 | 0.20 | 0.47 | 0.20 | 0.22 |
Balance sheet
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | ILS 1.81bn | ILS 1.73bn | ILS 1.67bn | ILS 1.31bn | ILS 1.15bn | ILS 1.06bn | ILS 967.7m | ILS 900.7m | ILS 1.03bn | ILS 1.08bn |
| Cash and short-term investments | ILS 220.1m | ILS 210.6m | ILS 245.8m | ILS 398.0m | ILS 272.0m | ILS 256.2m | ILS 345.6m | ILS 357.2m | ILS 297.5m | ILS 277.4m |
| Total liabilities | ILS 1.06bn | ILS 999.7m | ILS 971.4m | ILS 711.0m | ILS 610.3m | ILS 551.1m | ILS 459.7m | ILS 387.0m | ILS 598.5m | ILS 662.1m |
| Debt | ILS 660.6m | ILS 695.2m | ILS 588.2m | ILS 424.4m | ILS 368.0m | ILS 252.0m | ILS 262.9m | ILS 156.1m | ILS 215.7m | ILS 235.2m |
| Shareholders' equity | ILS 755.3m | ILS 732.6m | ILS 694.8m | ILS 601.9m | ILS 539.7m | ILS 513.7m | ILS 508.1m | ILS 513.6m | ILS 431.6m | ILS 413.4m |
| Shares outstanding | 187m | 186m | 184m | 183m | 183m | 183m | 183m | 183m | 183m | 183m |
Cash flow
Fiscal years
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | ILS 75.2m | −ILS 80.7m | −ILS 132.6m | ILS 98.5m | −ILS 60.0m | −ILS 28.0m | −ILS 44.8m | ILS 184.0m | ILS 75.0m | ILS 55.8m |
| Capital spending | −ILS 6.1m | −ILS 936,000 | −ILS 14.7m | −ILS 7.2m | −ILS 2.3m | −ILS 313,000 | −ILS 3.5m | — | — | — |
| Free cash flow | ILS 69.1m | −ILS 81.7m | −ILS 147.3m | ILS 91.3m | −ILS 62.3m | −ILS 28.3m | −ILS 48.3m | ILS 184.0m | ILS 75.0m | ILS 55.8m |
| Dividends paid | −ILS 30.0m | −ILS 35.0m | −ILS 34.0m | −ILS 20.0m | −ILS 8.7m | −ILS 14.0m | −ILS 39.0m | −ILS 17.5m | −ILS 19.0m | — |
Latest quarters
By quarter end
| Sept 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sept 2024 | Jun 2024 | Mar 2024 | Dec 2023 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | ILS 116.6m | ILS 117.8m | ILS 119.9m | ILS 133.1m | ILS 143.8m | ILS 135.3m | ILS 125.1m | ILS 148.6m |
| Gross profit | ILS 14.9m | ILS 21.3m | ILS 22.7m | ILS 39.6m | ILS 27.8m | ILS 24.7m | ILS 28.1m | ILS 27.3m |
| Operating income | ILS 3.5m | ILS 7.0m | ILS 10.5m | ILS 25.5m | ILS 18.3m | ILS 13.7m | ILS 17.9m | ILS 14.5m |
| Net income | ILS 314,000 | ILS 2.8m | ILS 7.1m | ILS 17.4m | ILS 11.6m | ILS 7.7m | ILS 12.8m | ILS 5.8m |
| Diluted earnings per share | 0.00 | 0.01 | 0.04 | 0.10 | 0.06 | 0.04 | 0.07 | 0.03 |
| Total assets | ILS 2.03bn | ILS 1.99bn | ILS 1.95bn | ILS 1.81bn | ILS 1.82bn | ILS 1.74bn | ILS 1.78bn | ILS 1.73bn |
| Cash and short-term investments | ILS 216.1m | ILS 304.6m | ILS 359.4m | ILS 220.1m | ILS 178.7m | ILS 176.7m | ILS 252.4m | ILS 210.6m |
| Debt | ILS 716.0m | ILS 711.1m | ILS 704.8m | ILS 577.1m | ILS 636.3m | ILS 654.9m | ILS 666.6m | ILS 625.9m |
| Shareholders' equity | ILS 734.1m | ILS 733.3m | ILS 730.1m | ILS 755.3m | ILS 737.1m | ILS 724.4m | ILS 715.8m | ILS 732.6m |
Growth per year
Compound annual rate
| 3 years | 5 years | 10 years | |
|---|---|---|---|
| Revenue | -6.3% | 7.6% | -3.7% |
| Operating income | -8.8% | 19.4% | 2.5% |
| Net income | -15.3% | 17.2% | 13.2% |
Average margins
Over each period
| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Gross margin | 24.8% | 23.9% | 23.0% | 19.2% |
| Operating margin | 16.3% | 16.2% | 15.0% | 12.5% |
| Net margin | 10.5% | 13.3% | 11.6% | 9.7% |
Valuation history
At each fiscal year end
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Price to earnings | 20.6 | 11.1 | 5.1 | 13.4 | 15.1 | 21.5 | 8.5 | 4.3 | 9.8 | 7.3 |
| Price to sales | 1.9 | 1.3 | 1.0 | 1.7 | 1.1 | 1.3 | 0.7 | 0.8 | 0.6 | 0.6 |
Dividends and splits
Per share, in the currency the company pays
Paid for 10 years. Last went ex-dividend on 27 Mar 2026.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | |
|---|---|---|---|---|---|---|---|---|
| Paid in the year | 0.182 | 0.162 | 0.189 | 0.185 | 0.109 | 0.048 | 0.077 | 0.213 |
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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