MIND CTI Ltd (MNDO) - 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 large is MIND CTI Ltd's balance sheet for the complete picture of this company's asset base.
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 |
MIND CTI Ltd - Net Assets Trend (1999–2025)
This chart illustrates how MIND CTI Ltd's net assets have evolved over time, based on quarterly financial data. Check MIND CTI Ltd (MNDO) tangible equity ratio to evaluate the tangible quality of the company's equity base.
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 valuation and market cap data, see MIND CTI Ltd market capitalisation.
| 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.
Current Equity Component Breakdown (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 |
|---|---|
|
Lancashire Holdings Ltd
LSE:LRE
|
$19.38 Million |
|
Macro Metals Ltd
AU:M4M
|
$19.40 Million |
|
ISA Holdings Ltd
JSE:ISA
|
$19.40 Million |
|
Rectitude Holdings Ltd Ordinary Shares
NASDAQ:RECT
|
$19.41 Million |
|
Mandarin Hotel Public Company Limited
BK:MANRIN
|
$19.37 Million |
|
Altima Resources Ltd
V:ARH
|
$19.37 Million |
|
Swoop Holdings Ltd
AU:SWP
|
$19.37 Million |
|
NB Distressed Debt Inv Extended Life
LSE:NBDX
|
$19.37 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: 0.90x
- 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 2.88x to 0.90x 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 | $1.01 | x |
| 2000-12-31 | $2.85 | $1.01 | x |
| 2001-12-31 | $2.13 | $1.01 | x |
| 2002-12-31 | $2.14 | $1.01 | x |
| 2003-12-31 | $2.15 | $1.01 | x |
| 2004-12-31 | $2.34 | $1.01 | x |
| 2005-12-31 | $2.29 | $1.01 | x |
| 2006-12-31 | $2.22 | $1.01 | x |
| 2007-12-31 | $1.47 | $1.01 | x |
| 2008-12-31 | $0.86 | $1.01 | x |
| 2009-12-31 | $1.19 | $1.01 | x |
| 2010-12-31 | $1.29 | $1.01 | x |
| 2011-12-31 | $1.22 | $1.01 | x |
| 2012-12-31 | $1.23 | $1.01 | x |
| 2013-12-31 | $1.11 | $1.01 | x |
| 2014-12-31 | $1.18 | $1.01 | x |
| 2015-12-31 | $1.13 | $1.01 | x |
| 2016-12-31 | $1.10 | $1.01 | x |
| 2017-12-31 | $1.07 | $1.01 | x |
| 2018-12-31 | $1.07 | $1.01 | x |
| 2019-12-31 | $1.10 | $1.01 | x |
| 2020-12-31 | $1.15 | $1.01 | x |
| 2021-12-31 | $1.17 | $1.01 | x |
| 2022-12-31 | $1.17 | $1.01 | x |
| 2023-12-31 | $1.20 | $1.01 | x |
| 2024-12-31 | $1.18 | $1.01 | x |
| 2025-12-31 | $1.12 | $1.01 | 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: $1,681,612,791
- Average return on equity (ROE) among peers: -1.47%
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 | $19.37 Million |
| Adobe Systems Incorporated (ADBE) | $4.89 Billion | 7.90% | 0.49x | $87.82 Billion |
| ADEIA CORP (ADEA) | $418.32 Million | 10.79% | 0.06x | $2.89 Billion |
| Automatic Data Processing Inc (ADP) | $4.48 Billion | 33.30% | 8.74x | $90.25 Billion |
| Autodesk Inc (ADSK) | $1.88 Billion | 15.15% | 0.71x | $46.17 Billion |
| AudioEye Inc (AEYE) | $17.60 Million | -71.80% | 0.67x | $71.03 Million |
| Agilysys Inc (AGYS) | $198.92 Million | 1.78% | 0.66x | $2.99 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 | $15.92 Million |
| XIAO-I Corporation American Depositary Shares (AIXI) | $-6.63 Million | 0.00% | 0.00x | $8.14 Million |
| Alight Inc (ALIT) | $4.93 Billion | -1.22% | 1.23x | $714.34 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