InterCure Ltd.
InterCure Ltd. is an Israel-based pharmaceutical cannabis company focused on the production, manufacturing, and distribution of medical cannabis products. Through its subsidiaries, it develops and supplies pharmaceutical-grade dried cannabis inflorescences and cannabis extracts for medical use in Israel and international markets. The company also operates in the broader biomed sector, reflecting a business mix that combines cannabis operations with investments in healthcare-related portfolio companies. InterCure serves patients, healthcare providers, and distribution partners through a vertically integrated model that spans research, cultivation, production, and delivery of cannabis-based therapies. Headquartered in Herzliya, Israel, InterCure plays a significant role in the regulated medical cannabis market by emphasizing clinical-grade standards and licensed production capabilities.
$4.57
-$0.08 (-1.72%)
EOD Oct 16, 2026
Operating margin is thin at 2.49%. Limited cushion if revenue slows or costs rise, not the profile of a wide-moat business.
Revenue up 13.1% YoY with margins expanding 21.4pp.
Net debt of ILS 136M represents 10.3x FCF, leverage limits flexibility.
Price History
Valuation & Multiples
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
ILS 270M
▲ +13.1% YoY
Net Income (TTM)
-ILS 37M
▲ +49.5% YoY
Op. Margin
2.49%
▲ +21.4pp YoY
ROIC
0.90%
▲ +6.5pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
ILS 13M
▲ +118.6% YoY
Op. Cash Flow (TTM)
ILS 17M
▲ +125.2% YoY
Net Debt
ILS 136M
Cash & Equiv.
ILS 47M
3Y CAGR: -11.4%
3Y CAGR: -25.0%
Continue Research
Is InterCure (INCR) overvalued?
InterCure (INCR) trades above a two-stage DCF intrinsic value of about ILS 2.05 per share, so at ILS 4.57 the stock looks overvalued (55.2% above estimated intrinsic value). A high multiple is not the same as overvalued: fast-growing, high-quality businesses can deserve a premium. See the general approach in how to tell if a stock is overvalued.
On quality, InterCure scores 12/100 on Intrinsiqq's quality scorecard (a lower-quality business on these measures), weighing growth, margins, returns on capital, share count, and balance-sheet strength. All figures are computed from company filings; read the full methodology, or see how the market compares in our US profitability statistics. This is analysis, not investment advice.
Frequently asked
What is InterCure's fair value?+
Intrinsiqq's two-stage DCF estimates an intrinsic value of about ILS 2.05 per share for INCR, projecting its recent free cash flow forward with a growth rate that fades toward a long-run rate and discounting it back to today. Applying a 25% margin of safety gives a more conservative fair-value entry around ILS 1.54. At today's ILS 4.57, that puts the stock about 55.2% above estimated intrinsic value. The result is sensitive to the growth and discount-rate inputs, so it is best to run conservative, base and optimistic cases. You can adjust all of them yourself with the sliders on the DCF tab.
Is InterCure a high-quality business?+
InterCure scores 12 out of 100 on Intrinsiqq's quality score, a weighted blend of 7 metrics each scored 0 to 100, which makes it a lower-quality business on these measures. Recent fundamentals include a 2.5% operating margin and a 0.9% return on invested capital. The score weighs revenue and free-cash-flow growth, operating margins, return on invested capital, share-count change, and balance-sheet strength, all computed from company filings, not opinion. Because valuation only means something relative to quality, the full metric-by-metric breakdown is on the quality scorecard.
Is InterCure a good stock to buy right now?+
That depends on valuation and quality together, not either alone. INCR currently trades above its estimated intrinsic value and scores 12/100 on quality (lower-quality). A cheap price is only a bargain if the business is durable, and a premium can be justified by genuine quality, so the two questions, "is it cheap?" and "is it good?", only make sense side by side. Read the valuation against the quality scorecard, run the DCF on your own assumptions, and decide for yourself. This is analysis from company filings, not investment advice.
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Data sourced from company filings and third-party price providers. Scores, valuations, and metrics are algorithmic estimates. This is not investment advice. See our Terms and Methodology.