MIND CTI Ltd Net Assets
MIND CTI Ltd net assets. Based on the latest financial reports, MIND CTI Ltd (MNDO) has net assets worth $23.65 Million USD as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($30.62 Million) and total liabilities ($6.97 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Also explore how fast is MIND CTI Ltd growing its equity to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $23.65 Million |
| % of Total Assets | 77.24% |
| Annual Growth Rate | 5.88% |
| 5-Year Change | -2.85% |
| 10-Year Change | 8.29% |
| Growth Volatility | 159.61 |
Net Assets of MIND CTI Ltd (1999–2025)
Net assets of MIND CTI Ltd from 1999 to 2025. This chart illustrates how MIND CTI Ltd's net assets have evolved over time, based on quarterly financial data. See MIND CTI Ltd balance sheet independence to measure how much of total assets are equity-financed.
Annual Net Assets for MIND CTI Ltd (1999–2025)
The table below shows the annual net assets of MIND CTI Ltd from 1999 to 2025. For live market cap and overall valuation, see MNDO market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $23.05 Million | -5.13% |
| 2024-12-31 | $24.30 Million | -0.78% |
| 2023-12-31 | $24.49 Million | +2.86% |
| 2022-12-31 | $23.81 Million | +0.34% |
| 2021-12-31 | $23.73 Million | +2.63% |
| 2020-12-31 | $23.12 Million | +5.39% |
| 2019-12-31 | $21.94 Million | +4.55% |
| 2018-12-31 | $20.98 Million | -0.19% |
| 2017-12-31 | $21.02 Million | -1.24% |
| 2016-12-31 | $21.29 Million | -2.58% |
| 2015-12-31 | $21.85 Million | -2.51% |
| 2014-12-31 | $22.41 Million | +6.77% |
| 2013-12-31 | $20.99 Million | -9.16% |
| 2012-12-31 | $23.11 Million | +0.38% |
| 2011-12-31 | $23.02 Million | -4.02% |
| 2010-12-31 | $23.98 Million | +5.71% |
| 2009-12-31 | $22.69 Million | +23.07% |
| 2008-12-31 | $18.43 Million | -42.05% |
| 2007-12-31 | $31.81 Million | -33.54% |
| 2006-12-31 | $47.86 Million | -3.29% |
| 2005-12-31 | $49.48 Million | -1.51% |
| 2004-12-31 | $50.25 Million | +10.33% |
| 2003-12-31 | $45.54 Million | +2.38% |
| 2002-12-31 | $44.48 Million | +1.12% |
| 2001-12-31 | $43.99 Million | -8.95% |
| 2000-12-31 | $48.32 Million | +825.59% |
| 1999-12-31 | $5.22 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MIND CTI Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 295.2% over the analyzed period, potentially due to dividend distributions or operating losses.
MIND CTI Ltd Net Assets Breakdown (December 2025)
MIND CTI Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $54.00K | 0.23% |
| Other Comprehensive Income | $-625.00K | -2.71% |
| Other Components | $27.09 Million | 117.53% |
| Total Equity | $23.05 Million | 100.00% |
MIND CTI Ltd Competitors by Market Cap
The table below lists competitors of MIND CTI Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Groupe Tera SA
PA:ALGTR
|
$17.95 Million |
|
Photon Energy N.V.
WAR:PEN
|
$17.95 Million |
|
Tower Resources Ltd
V:TWR
|
$17.95 Million |
|
Vunani Ltd
JSE:VUN
|
$17.96 Million |
|
A.S. Création Tapeten AG
F:ACWN
|
$17.92 Million |
|
Sanginita Chemicals Limited
NSE:SANGINITA
|
$17.91 Million |
|
Energy Focu
NASDAQ:EFOI
|
$17.90 Million |
|
OptiCept Technologies AB
ST:OPTI
|
$17.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MIND CTI Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 24,296,000 to 23,049,000, a change of -1,247,000 (-5.1%).
- Net income of 2,604,000 contributed positively to equity growth.
- Dividend payments of 4,502,000 reduced retained earnings.
- Share repurchases of 130,000 reduced equity.
- Other comprehensive income increased equity by 582,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $2.60 Million | +11.3% |
| Dividends Paid | $4.50 Million | -19.53% |
| Share Repurchases | $130.00K | -0.56% |
| Other Comprehensive Income | $582.00K | +2.53% |
| Other Changes | $199.00K | +0.86% |
| Total Change | $- | -5.13% |
Book Value vs Market Value Analysis
This analysis compares MIND CTI Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.79x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 2.55x to 0.79x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | $0.35 | $0.89 | x |
| 2000-12-31 | $2.85 | $0.89 | x |
| 2001-12-31 | $2.13 | $0.89 | x |
| 2002-12-31 | $2.14 | $0.89 | x |
| 2003-12-31 | $2.15 | $0.89 | x |
| 2004-12-31 | $2.34 | $0.89 | x |
| 2005-12-31 | $2.29 | $0.89 | x |
| 2006-12-31 | $2.22 | $0.89 | x |
| 2007-12-31 | $1.47 | $0.89 | x |
| 2008-12-31 | $0.86 | $0.89 | x |
| 2009-12-31 | $1.19 | $0.89 | x |
| 2010-12-31 | $1.29 | $0.89 | x |
| 2011-12-31 | $1.22 | $0.89 | x |
| 2012-12-31 | $1.23 | $0.89 | x |
| 2013-12-31 | $1.11 | $0.89 | x |
| 2014-12-31 | $1.18 | $0.89 | x |
| 2015-12-31 | $1.13 | $0.89 | x |
| 2016-12-31 | $1.10 | $0.89 | x |
| 2017-12-31 | $1.07 | $0.89 | x |
| 2018-12-31 | $1.07 | $0.89 | x |
| 2019-12-31 | $1.10 | $0.89 | x |
| 2020-12-31 | $1.15 | $0.89 | x |
| 2021-12-31 | $1.17 | $0.89 | x |
| 2022-12-31 | $1.17 | $0.89 | x |
| 2023-12-31 | $1.20 | $0.89 | x |
| 2024-12-31 | $1.18 | $0.89 | x |
| 2025-12-31 | $1.12 | $0.89 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MIND CTI Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 11.30%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.38%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 1.31x
- Recent ROE (11.30%) is below the historical average (15.01%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 29.00% | 18.47% | 1.09x | 1.44x | $992.00K |
| 2000 | 7.77% | 24.01% | 0.29x | 1.10x | $-1.07 Million |
| 2001 | -9.98% | -41.93% | 0.22x | 1.06x | $-8.79 Million |
| 2002 | 0.75% | 3.34% | 0.21x | 1.08x | $-4.11 Million |
| 2003 | 7.98% | 28.08% | 0.26x | 1.10x | $-921.00K |
| 2004 | 13.69% | 38.62% | 0.32x | 1.11x | $1.85 Million |
| 2005 | 8.21% | 26.04% | 0.28x | 1.12x | $-886.50K |
| 2006 | 1.90% | 4.53% | 0.37x | 1.12x | $-3.88 Million |
| 2007 | -37.58% | -64.81% | 0.49x | 1.19x | $-15.14 Million |
| 2008 | -34.84% | -32.98% | 0.80x | 1.32x | $-8.27 Million |
| 2009 | 87.22% | 112.59% | 0.61x | 1.28x | $17.52 Million |
| 2010 | 20.25% | 24.42% | 0.65x | 1.27x | $2.46 Million |
| 2011 | 18.64% | 22.69% | 0.63x | 1.30x | $1.99 Million |
| 2012 | 18.51% | 21.17% | 0.70x | 1.24x | $1.97 Million |
| 2013 | 10.41% | 11.82% | 0.62x | 1.41x | $86.10K |
| 2014 | 24.47% | 21.91% | 0.82x | 1.35x | $3.24 Million |
| 2015 | 22.97% | 23.98% | 0.69x | 1.38x | $2.83 Million |
| 2016 | 19.75% | 23.28% | 0.62x | 1.36x | $2.07 Million |
| 2017 | 26.70% | 31.07% | 0.68x | 1.27x | $3.51 Million |
| 2018 | 24.47% | 28.31% | 0.70x | 1.24x | $3.04 Million |
| 2019 | 23.09% | 22.35% | 0.73x | 1.42x | $2.87 Million |
| 2020 | 23.28% | 23.03% | 0.72x | 1.40x | $3.07 Million |
| 2021 | 25.07% | 22.59% | 0.79x | 1.40x | $3.57 Million |
| 2022 | 22.21% | 24.53% | 0.68x | 1.33x | $2.91 Million |
| 2023 | 21.10% | 23.91% | 0.68x | 1.29x | $2.72 Million |
| 2024 | 19.06% | 21.59% | 0.70x | 1.26x | $2.20 Million |
| 2025 | 11.30% | 13.38% | 0.64x | 1.31x | $299.10K |
Industry Comparison
This section compares MIND CTI Ltd's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $1,409,203,918
- Average return on equity (ROE) among peers: 3.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MIND CTI Ltd (MNDO) | $23.65 Million | 29.00% | 0.29x | $17.92 Million |
| Adobe Systems Incorporated (ADBE) | $9.36 Billion | 27.67% | 1.00x | $99.47 Billion |
| ADEIA CORP (ADEA) | $21.51 Million | 30.40% | 0.12x | $2.36 Billion |
| Automatic Data Processing Inc (ADP) | $3.41 Billion | 17.77% | 0.52x | $107.69 Billion |
| Autodesk Inc (ADSK) | $1.15 Billion | 71.88% | 7.24x | $48.93 Billion |
| AudioEye Inc (AEYE) | $5.33 Million | -54.09% | 0.18x | $71.03 Million |
| Agilysys Inc (AGYS) | $132.80 Million | 4.88% | 0.61x | $2.95 Billion |
| BlockchAIn Digital Infrastructure, Inc (AIB) | $7.86 Million | -10.63% | 1.20x | $43.69 Million |
| Firefly Neuroscience, Inc. (AIFF) | $-3.01 Million | 0.00% | 0.00x | $14.21 Million |
| PowerFleet, Inc. (AIOT) | $20.57 Million | -48.38% | 1.16x | $387.91 Million |
| XIAO-I Corporation American Depositary Shares (AIXI) | $-6.63 Million | 0.00% | 0.00x | $8.14 Million |
About MIND CTI Ltd
MIND C.T.I. Ltd., together with its subsidiaries, develops, manufactures, markets, sells, and implements billing and customer care software solutions in the Americas, Europe, Israel, the Asia Pacific, and Africa. It operates in two segments, Billing and Related Services, and Messaging. The company offers billing and customer care solutions that support various services, such as voice, data, and c… Read more