Framework Journal · one stock, one dated entry

Recorded 2026-07-19 · Permanent

InterCure Ltd. INCR

Titan Ethical

An entry written while the outcome is still unknown. It will be scored by what the market does next, and it will never be edited to look cleverer than it was.

The label
Markup

read at $0.92

InterCure Ltd. holds its Markup at $0.92.

PHINPOOPSC
  • PHPhase · the trend structure carries the Markup label
  • INInsiders · no filings inside 60 days, left as found
  • POPositioning · no disclosures inside 60 days, left as found
  • OPOptions · no verdict drawn today, left as found
  • SCScreen · passes the values gate
  • edge confirmed
  • edge broken
  • edge forming

Each arm is one independent read. Conviction is not a single call, it is how many edges converge.

The investor read · the season, not the day

As held on the ledger · 2026-07-19
PhaseMarkup
Quantitative stateThe statistical read favours the sellers, held for 16 days
Price$0.92
ValuationN/A trailing · -0.62 forward price to earnings
Values screenPASS
Beta0.57

The opportunity · what the numbers say it is worth

Our framework reads AVOID — 23.90% revenue growth.

Read at
$0.92
N/A P/E · -0.62 fwd

Price history & projections · where it has been, where the models see it going

$8.3$4.2$0.2TODAY5y agoPROJECTION
Revenue growth23.90%
Profit margin-13.22%
Debt to equity46.17

Fair value and rating are our own model estimates; target range reflects third-party analyst estimates. Analysis, not advice.

The values screen, explained · five checks, plain English

Full pass across all five screens. This security clears the Titan Ethical Standard — its business and its balance sheet both stay inside the lines.

  • Business activity Its core business isn't built on prohibited lines — no gambling, alcohol, tobacco, weapons, or interest-based lending. Pass
  • Debt load Interest-bearing debt is just 0.0% of its assets, well under the one-third ceiling — it does not run on borrowed money. Pass
  • Interest-bearing cash Cash held in interest-bearing accounts and securities is 0.0% of assets, under the one-third limit. Pass
  • Receivables Money owed to the company is 0.0% of assets, under the 49% limit. Pass
  • Revenue purity Only 0.0% of revenue comes from non-compliant sources — under the 5% line. Pass

Every security is read against two recognised standards: our stricter asset-based screen (ratios measured against total assets) and the more widely used market-value standard (measured against market capitalisation). Where they agree we say so plainly; where they part ways — almost always on the debt check — we show both readings and mark it, because that disagreement is the finding, not a fault. We report the score; you and your scholar make the call.

The business, in plain words · what the numbers mean

Why it gives us pause

At -0.6x forward earnings, the price already runs ahead of the business.

The fundamentals · plain-English read
Forward P/E-0.6x
Revenue growth23.9%
strong top-line growth
Profit margin-13.2%
currently unprofitable
Return on equity-9.3%
not currently earning a positive return on equity
Debt to equity0.46
minimal debt — a conservative balance sheet
Current ratio1.48
adequate liquidity, worth monitoring
Beta0.57
steadier than the market
Market cap$52M

The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market.

Plain-English interpretation of our own screen data. Analysis, not advice.

Related securities · others in INCR's space worth a look

Screened names in the same industry · explore each on its own page.

Where & how to trade · wherever in the world you are

INCR trades on Nasdaq. As a US-listed security it is accessible through almost any international broker offering US markets. New to this, or investing from outside the US? Our guide to accessing global markets covers brokers, currencies and the practical steps.

The trader read · the latest dated commentary

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C. Technically it is sitting below its long-term trend line with momentum reading bullish. Over the past year the shares are down 43%. Our forward projection puts the odds of a 10% gain over the next month near 18%. Entered 2026-07-18 · Distribution

The dated journal · newest first, never edited

2026-07-18 Distribution $1.02 +0.0% Entry 3

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C. Technically it is sitting below its long-term trend line with momentum reading bullish. Over the past year the shares are down 43%. Our forward projection puts the odds of a 10% gain over the next month near 18%.

2026-07-03 Distribution $1.02 +0.0% Entry 2

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows negative risk-adjusted returns.

2026-07-02 Distribution $1.02 Entry 1

The framework reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Ethical screening: PASS with ethical screening pending. The risk-adjusted return profile shows negative risk-adjusted returns.

Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.

The insider ledger · Form 4 filings, as filed

Most recent filings · INCR
DateInsiderTitleTypeSharesValue
2022-03-23 Fegel (Yael) 10% Security Holder of Issuer 1,823 $41,382
2022-03-22 Fegel (Yael) 10% Security Holder of Issuer 100,000 $2,285,000
2022-03-21 Fegel (Yael) 10% Security Holder of Issuer 48,362 $1,088,145
2022-03-16 Fegel (Yael) 10% Security Holder of Issuer 1,224 $25,826
2022-03-15 Fegel (Yael) 10% Security Holder of Issuer 3,000 $63,239
2022-03-15 Fegel (Yael) 10% Security Holder of Issuer 6,000 $127,439
2022-03-15 Fegel (Yael) 10% Security Holder of Issuer 10,000 $210,600

Public filings, recorded as found. The full tape lives at Insider Intelligence.

The political ledger · congressional disclosures

Disclosures naming INCR
DatePoliticianPartyTypeAmount
30 Jun2026 Gil Cisneros Democrat sell 1K–15K
27 May2026 John Boozman Republican sell 1K–15K
27 May2026 Ro Khanna Democrat buy 1K–15K
26 Feb2025 Daniel Webster Republican sell 15K–50K
2026-04-13 Ro Khanna Democrat Purchase 1K–15K

What holding actually paid · price plus dividends

If $1,000 had been placed · historical, not a promise
PeriodPrice thenPrice returnDivs per share$1,000 becameTotal return
1 month $0.82 +3.7% · $1,037 +3.7%
2 months $0.76 +11.4% · $1,114 +11.4%
3 months $0.79 +7.6% · $1,076 +7.6%
6 months $1.24 -31.7% · $683 -31.7%
1 year $1.48 -42.6% · $574 -42.6%
2 years $2.40 -64.6% · $354 -64.6%
3 years $2.20 -61.4% · $386 -61.4%
5 years $7.70 -89.0% · $110 -89.0%

Historical returns from market close data. Past performance does not guarantee future results.

This entry now belongs to the ledger. Whatever INCR does next, these words stay.

InterCure Ltd. · INCR · Markup · $0.92
Recorded 2026-07-19 · before the outcome · scored mechanically

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