Africa Israel Residences Ltd (AFRE) - Net Assets
Based on the latest financial reports, Africa Israel Residences Ltd (AFRE) has net assets worth ILA2.08 Billion ILA (≈ $5.56 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ILA5.02 Billion ≈ $13.46 Million USD) and total liabilities (ILA2.94 Billion ≈ $7.89 Million USD). 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. Check Africa Israel Residences Ltd (AFRE) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ILA2.08 Billion |
| % of Total Assets | 41.35% |
| Annual Growth Rate | 8.48% |
| 5-Year Change | 66.48% |
| 10-Year Change | 151.39% |
| Growth Volatility | 7.52 |
Africa Israel Residences Ltd - Net Assets Trend (2009–2025)
This chart illustrates how Africa Israel Residences Ltd's net assets have evolved over time, based on quarterly financial data. See AFRE defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Africa Israel Residences Ltd (2009–2025)
The table below shows the annual net assets of Africa Israel Residences Ltd from 2009 to 2025. For live valuation and market cap data, see Africa Israel Residences Ltd (AFRE) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ILA2.08 Billion ≈ $5.56 Million |
+6.75% |
| 2024-12-31 | ILA1.94 Billion ≈ $5.21 Million |
+32.65% |
| 2023-12-31 | ILA1.47 Billion ≈ $3.93 Million |
+7.13% |
| 2022-12-31 | ILA1.37 Billion ≈ $3.67 Million |
+9.75% |
| 2021-12-31 | ILA1.25 Billion ≈ $3.34 Million |
+11.62% |
| 2020-12-31 | ILA1.12 Billion ≈ $2.99 Million |
+4.90% |
| 2019-12-31 | ILA1.06 Billion ≈ $2.85 Million |
+5.87% |
| 2018-12-31 | ILA1.01 Billion ≈ $2.70 Million |
+1.99% |
| 2017-12-31 | ILA986.02 Million ≈ $2.64 Million |
+19.44% |
| 2016-12-31 | ILA825.55 Million ≈ $2.21 Million |
+8.79% |
| 2015-12-31 | ILA758.84 Million ≈ $2.03 Million |
+7.24% |
| 2014-12-31 | ILA707.62 Million ≈ $1.90 Million |
+2.04% |
| 2013-12-31 | ILA693.46 Million ≈ $1.86 Million |
+3.14% |
| 2012-12-31 | ILA672.37 Million ≈ $1.80 Million |
+7.39% |
| 2011-12-31 | ILA626.11 Million ≈ $1.68 Million |
+1.44% |
| 2010-12-31 | ILA617.21 Million ≈ $1.65 Million |
+9.37% |
| 2009-12-31 | ILA564.35 Million ≈ $1.51 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Africa Israel Residences 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 grown by 357.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ILA1.49 Billion | 74.72% |
| Common Stock | ILA12.67 Million | 0.64% |
| Other Comprehensive Income | ILA261.83 Million | 13.15% |
| Other Components | ILA228.96 Million | 11.49% |
| Total Equity | ILA1.99 Billion | 100.00% |
Africa Israel Residences Ltd Competitors by Market Cap
The table below lists competitors of Africa Israel Residences Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Transcat Inc
NASDAQ:TRNS
|
$711.58 Million |
|
Syarikat Takaful Malaysia Bhd
KLSE:6139
|
$711.67 Million |
|
Stratasys Ltd
NASDAQ:SSYS
|
$711.68 Million |
|
Baotou Huazi Industry Co Ltd
SHG:600191
|
$711.74 Million |
|
Bally's Corp
NYSE:BALY
|
$710.88 Million |
|
Gerresheimer AG
F:GXI
|
$710.83 Million |
|
China Resources and Environment Co Ltd
SHG:600217
|
$710.72 Million |
|
MIPS AB
ST:MIPS
|
$710.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Africa Israel Residences Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,865,257,000 to 1,991,817,000, a change of 126,560,000 (6.8%).
- Net income of 195,539,000 contributed positively to equity growth.
- Dividend payments of 70,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 1.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ILA195.54 Million | +9.82% |
| Dividends Paid | ILA70.00 Million | -3.51% |
| Other Comprehensive Income | ILA1.00 | +0.0% |
| Other Changes | ILA1.02 Million | +0.05% |
| Total Change | ILA- | 6.79% |
Book Value vs Market Value Analysis
This analysis compares Africa Israel Residences 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: 134.05x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 382.76x to 134.05x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | ILA54.71 | ILA20940.00 | x |
| 2013-12-31 | ILA56.31 | ILA20940.00 | x |
| 2014-12-31 | ILA56.15 | ILA20940.00 | x |
| 2015-12-31 | ILA60.12 | ILA20940.00 | x |
| 2016-12-31 | ILA65.31 | ILA20940.00 | x |
| 2017-12-31 | ILA77.99 | ILA20940.00 | x |
| 2018-12-31 | ILA79.54 | ILA20940.00 | x |
| 2019-12-31 | ILA84.21 | ILA20940.00 | x |
| 2020-12-31 | ILA88.33 | ILA20940.00 | x |
| 2021-12-31 | ILA98.60 | ILA20940.00 | x |
| 2022-12-31 | ILA108.21 | ILA20940.00 | x |
| 2023-12-31 | ILA115.91 | ILA20940.00 | x |
| 2024-12-31 | ILA147.31 | ILA20940.00 | x |
| 2025-12-31 | ILA156.22 | ILA20940.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Africa Israel Residences 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): 9.82%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.13%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 2.52x
- Recent ROE (9.82%) is below the historical average (11.41%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 4.99% | 9.08% | 0.16x | 3.46x | ILA-28.26 Million |
| 2010 | 11.68% | 11.32% | 0.30x | 3.47x | ILA10.38 Million |
| 2011 | 12.40% | 11.06% | 0.31x | 3.61x | ILA15.04 Million |
| 2012 | 11.92% | 11.06% | 0.31x | 3.42x | ILA12.90 Million |
| 2013 | 6.30% | 5.68% | 0.29x | 3.76x | ILA-25.65 Million |
| 2014 | 9.01% | 11.49% | 0.19x | 4.24x | ILA-7.01 Million |
| 2015 | 13.29% | 13.55% | 0.21x | 4.56x | ILA24.93 Million |
| 2016 | 16.57% | 10.67% | 0.40x | 3.92x | ILA54.20 Million |
| 2017 | 14.30% | 14.36% | 0.27x | 3.75x | ILA42.38 Million |
| 2018 | 8.58% | 8.46% | 0.28x | 3.62x | ILA-14.31 Million |
| 2019 | 10.24% | 8.37% | 0.35x | 3.51x | ILA2.54 Million |
| 2020 | 9.18% | 7.64% | 0.35x | 3.44x | ILA-9.12 Million |
| 2021 | 17.63% | 19.72% | 0.27x | 3.27x | ILA95.11 Million |
| 2022 | 14.73% | 20.93% | 0.24x | 2.94x | ILA64.69 Million |
| 2023 | 11.70% | 15.89% | 0.33x | 2.22x | ILA24.89 Million |
| 2024 | 11.68% | 22.55% | 0.21x | 2.45x | ILA31.37 Million |
| 2025 | 9.82% | 21.13% | 0.18x | 2.52x | ILA-3.64 Million |
Industry Comparison
This section compares Africa Israel Residences Ltd's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $1,461,682,556
- Average return on equity (ROE) among peers: -1.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Africa Israel Residences Ltd (AFRE) | ILA2.08 Billion | 4.99% | 1.42x | $711.24 Million |
| Kvutzat Acro Ltd. (ACRO) | $949.52 Million | 6.41% | 1.78x | $722.81 Million |
| Ashtrom Group Ltd (ASHG) | $1.99 Billion | 6.68% | 3.58x | $1.90 Billion |
| Aura Investments Ltd (AURA) | $26.74 Million | -54.91% | 23.66x | $1.33 Billion |
| Av Gad Holdings Ltd (AVGD) | $6.45 Billion | -9.94% | 3.31x | $68.02 Million |
| GavYam Lands Corp Ltd (GVYM) | $2.65 Billion | 13.83% | 1.64x | $2.07 Billion |
| Hagag Europe Development ZF Ltd (HGGE) | $19.13 Million | -6.71% | 1.13x | $224.56 Million |
| Hanan Mor (HNMR) | $42.24 Million | 17.81% | 6.77x | $12.08 Million |
| Hiron-Trade Investments & Industrial Buildings Ltd (HRON) | $276.06 Million | 0.00% | 0.69x | $304.29 Million |
| Israel Canada (ISCN) | $758.64 Million | 12.76% | 1.53x | $1.58 Billion |
About Africa Israel Residences Ltd
Africa Israel Residences Ltd develops and sells residential units under the Savyonim brand in Israel. It is involved in the initiation, planning, development, construction, and marketing of residential housing units; establishment, management, and maintenance of rental housing projects and the provision of services. The company also engages in constructing and operating commercial properties for … Read more