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Shoval

Building residential projects in israel

Sector: ConstructionMarket cap: NIS 428M
All analyses

Analyses on Shoval (1)

Shoval Engineering 2025: The Backlog Is Big, the Balance Sheet Is Stronger, and the Real Test Is Moving from Planning to Execution

Shoval Engineering finished 2025 with a much broader growth platform, stronger equity, and an income-producing arm beginning to take shape, but not yet as a company whose reported results reflect the full value of 47 projects, 6,606 units for sale, and NIS 14 billion of expected…

March 26, 2026
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Follow-up dives

Follow-up dives on Shoval (3)

Follow-up

Shoval Engineering: When Do 26 Urban-Renewal Projects Stop Being Backlog and Start Becoming Profit

Shoval's 26 urban-renewal projects already create a large value framework, but the conversion layer into profit is still narrow. At year-end 2025 only a small number of projects already sit in the track of detailed planning, timetable, and measurable economics, and only then doe…

March 26, 2026
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Follow-up

Shoval Engineering: Are Miller, ART, and Beit Shoval Paz Turning the Yielding Arm into a Recurring Business

Shoval's yielding arm has already moved beyond a single side asset and become a real activity layer, but as of year-end 2025 it is still not a mature recurring income business because most of its value sits in assets only now moving from construction into operation.

March 26, 2026
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Follow-up

Shoval Engineering: The Inventory, Customer-Advance, and Funding-Flexibility Test in 2026 and 2027

Shoval enters 2026 with stronger equity, but with a sharp shift in the funding stack: far less cash already prepaid by customers, and far more capital tied in inventory, receivables, and the promise of future collections. The real test is whether 2026 and 2027 turn that layer in…

March 26, 2026
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