INCR vs IXHL

Intercure Ltd. vs Incannex Healthcare Inc. — Valuation Comparison 2026

By CirclFi Research Team · Updated 2026-06-03 · Data from SEC EDGAR, FRED & GDELT

Quick Summary — INCR scores higher on quality with 6.0/10 vs IXHL's 5.3/10. INCR trades at $1.03 while IXHL trades at $3.05. Both analyzed daily using SEC EDGAR data across 13 institutional models.

INCR

Drug Manufacturers - Specialty & Generic
Intercure Ltd.
Quality
6.0
out of 10
Value Trap
18
SAFE
Price
$1.03
Last close
Models
9/13
Active
VS

IXHL

Drug Manufacturers - Specialty & Generic
Incannex Healthcare Inc.
Quality
5.3
out of 10
Value Trap
12
SAFE
Price
$3.05
Last close
Models
9/13
Active
INCR
2 models active
Limited to 2/13 visible models
IXHL
Dynamic NAV sees +119.8% upside
Limited to 2/13 visible models

INCR vs IXHL — Fair Value Comparison

INCR
$0$0$1$1 Price$1.03 Bayesian …$0.18 (-82.7%) Earnings …$0.49 (-45.1%)
IXHL
$0$3$5$8 Price$3.05 Bayesian …$4.19 (+37.4%) Dynamic N…$6.70 (+119.8%)
Market Price Model 1 Model 2

Model-by-Model Comparison

ModelType INCR Fair ValueINCR Upside IXHL Fair ValueIXHL Upside
Bayesian DCF Intrinsic $0.18 -82.7% $4.19 +37.4%
Earnings Power Value Intrinsic $0.49 -45.1%
EROIC Spread Intrinsic $•••.•• ••.•% $•••.•• ••.•%
First Chicago Scenario $•••.•• ••.•% $•••.•• ••.•%
ML-RIV Intrinsic $•••.•• ••.•% $•••.•• ••.•%
Dynamic NAV Asset-Based $6.70 +119.8%
PWERM Option-Based $•••.•• ••.•% $•••.•• ••.•%
Regime Cross-Sectional Relative $•••.•• ••.•% $•••.•• ••.•%
Sentiment SOTP Hybrid $•••.•• ••.•% $•••.•• ••.•%
CUCE Ensemble Ensemble $•••.•• ••.•% $•••.•• ••.•%
FTNN Topology Relative $•••.•• ••.•% $•••.•• ••.•%

INCR vs IXHL — Which Stock Is More Undervalued in 2026?

INCR scores higher with a 6.0/10 quality rating vs IXHL's 5.3/10. Both stocks are analyzed daily using SEC EDGAR filings across 13 independent models.

How Do INCR and IXHL Valuations Compare?

At $1.03, INCR trades +82.7% above its Bayesian DCF fair value of $0.18, while IXHL at $3.05 trades +37.4% below its estimate of $4.19. INCR shows a wider gap between price and intrinsic value.

Quality of Company: INCR vs IXHL

INCR earns a Quality of Company score of 6.0/10 compared to IXHL's 5.3/10. The scores are closely matched, indicating similar fundamental quality profiles. The QOC score synthesizes 32 signals spanning profitability margins, revenue growth, free cash flow, capital allocation, and leverage.

Value Trap Risk: INCR vs IXHL

INCR carries a SAFE value trap risk (18/100) while IXHL shows SAFE risk (12/100). Both companies show manageable value trap risk, suggesting their current valuations are not artificially depressed by fundamental deterioration.

Both in Drug Manufacturers - Specialty & Generic

Both INCR and IXHL operate in Drug Manufacturers - Specialty & Generic, which has 79 stocks tracked by CirclFi. Same-industry comparisons provide the most direct insight into relative valuation since both companies face similar regulatory environments, market dynamics, and competitive pressures. Both companies are analyzed with models spanning intrinsic (Bayesian DCF, EPV), scenario-based (First Chicago), regime-switching (Markov DDM, RCMH-DCF), machine learning (ML-RIV, FTNN), and ensemble methods (CUCE).

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