Arad Investment & Industrial Development Ltd

TA:ARAD Israel Electrical Equipment & Parts
Market Cap
$281.80 Million
ILA105.11 Billion ILA
Market Cap Rank
#33216 Global
#163 in Israel
Share Price
ILA16420.00
Change (1 day)
-0.79%
52-Week Range
ILA10490.00 - ILA28950.00
All Time High
ILA48120.00
Categories
Companies in Israel Electrical Equipment & Parts
About

Arad Investment & Industrial Development Ltd., together with its subsidiaries, engages in the real estate, technology, software, outsourcing, human resources, and investment businesses. The company engages in planning, construction, and management of industrial and storage buildings, parks for knowledge-intensive industries, and commercial centers; sale of apartments; improvement and sale of land… Read more

Arad Investment & Industrial Development Ltd (ARAD) - Net Assets

Latest net assets as of September 2024: ILA714.85 Million ILA

Based on the latest financial reports, Arad Investment & Industrial Development Ltd (ARAD) has net assets worth ILA714.85 Million ILA as of September 2024.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ILA2.47 Billion) and total liabilities (ILA1.76 Billion). 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.

Key Net Assets Metrics

Metric Value
Current Net Assets ILA714.85 Million
% of Total Assets 28.89%
Annual Growth Rate 10.68%
5-Year Change 30.39%
10-Year Change 176.1%
Growth Volatility 31.11

Arad Investment & Industrial Development Ltd - Net Assets Trend (2008–2023)

This chart illustrates how Arad Investment & Industrial Development Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Arad Investment & Industrial Development Ltd (2008–2023)

The table below shows the annual net assets of Arad Investment & Industrial Development Ltd from 2008 to 2023.

Year Net Assets Change
2023-12-31 ILA5.40 Billion +3.33%
2022-12-31 ILA5.22 Billion -44.06%
2021-12-31 ILA9.34 Billion +117.26%
2020-12-31 ILA4.30 Billion +3.83%
2019-12-31 ILA4.14 Billion +15.23%
2018-12-31 ILA3.59 Billion +12.20%
2017-12-31 ILA3.20 Billion +21.79%
2016-12-31 ILA2.63 Billion +17.85%
2015-12-31 ILA2.23 Billion +14.11%
2014-12-31 ILA1.96 Billion +11.92%
2013-12-31 ILA1.75 Billion +7.96%
2012-12-31 ILA1.62 Billion +9.47%
2011-12-31 ILA1.48 Billion +8.02%
2010-12-31 ILA1.37 Billion +10.35%
2009-12-31 ILA1.24 Billion +5.26%
2008-12-31 ILA1.18 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Arad Investment & Industrial Development 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 1016.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2023)

Component Amount Percentage
Retained Earnings ILA3.36 Billion 106.80%
Common Stock ILA119.79 Million 3.81%
Total Equity ILA3.14 Billion 100.00%

Arad Investment & Industrial Development Ltd Competitors by Market Cap

The table below lists competitors of Arad Investment & Industrial Development Ltd ranked by their market capitalization.

Company Market Cap
BSL Corp Bhd
KLSE:7221
 		$2.83 Million
Grand Kartech Tbk
JK:KRAH
 		$2.83 Million
Tower Real Estate Investment Trust
KLSE:5111
 		$2.83 Million
Sah Polymers Limited
NSE:SAH
 		$2.83 Million
AIOS Tech Inc.
NASDAQ:AIOS
 		$2.83 Million
Sfinks Polska S.A.
WAR:SFS
 		$2.82 Million
DarkIris Inc. Class A Ordinary Shares
NASDAQ:DKI
 		$2.82 Million
Arita Prima Indonesia Tbk
JK:APII
 		$2.82 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Arad Investment & Industrial Development Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2022 to 2023, total equity changed from 2,989,821,000 to 3,144,592,000, a change of 154,771,000 (5.2%).
  • Net income of 315,804,000 contributed positively to equity growth.
  • Dividend payments of 20,404,000 reduced retained earnings.
  • Share repurchases of 280,152,000 reduced equity.
  • Other comprehensive income decreased equity by 128,691,000.
  • Other factors increased equity by 268,214,000.

Equity Change Factors (2022 to 2023)

Factor Impact Contribution
Net Income ILA315.80 Million +10.04%
Dividends Paid ILA20.40 Million -0.65%
Share Repurchases ILA280.15 Million -8.91%
Other Comprehensive Income ILA-128.69 Million -4.09%
Other Changes ILA268.21 Million +8.53%
Total Change ILA- 5.18%

Book Value vs Market Value Analysis

This analysis compares Arad Investment & Industrial Development 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: 35.51x
  • 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 130.32x to 35.51x 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 ILA126.00 ILA16420.00 x
2013-12-31 ILA139.01 ILA16420.00 x
2014-12-31 ILA155.85 ILA16420.00 x
2015-12-31 ILA180.07 ILA16420.00 x
2016-12-31 ILA211.09 ILA16420.00 x
2017-12-31 ILA238.65 ILA16420.00 x
2018-12-31 ILA269.02 ILA16420.00 x
2019-12-31 ILA310.41 ILA16420.00 x
2020-12-31 ILA333.91 ILA16420.00 x
2021-12-31 ILA1297.09 ILA16420.00 x
2022-12-31 ILA439.70 ILA16420.00 x
2023-12-31 ILA462.46 ILA16420.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Arad Investment & Industrial Development 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): 10.04%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 10.43%
  • • Asset Turnover: 0.26x
  • • Equity Multiplier: 3.71x
  • Recent ROE (10.04%) is below the historical average (12.65%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2008 7.08% 2.60% 0.26x 10.45x ILA-17.99 Million
2009 7.16% 1.99% 0.43x 8.39x ILA-19.22 Million
2010 12.37% 3.72% 0.46x 7.17x ILA18.26 Million
2011 11.05% 4.17% 0.40x 6.58x ILA9.12 Million
2012 6.50% 2.45% 0.44x 6.06x ILA-33.95 Million
2013 9.26% 4.27% 0.38x 5.67x ILA-7.92 Million
2014 10.45% 5.68% 0.34x 5.39x ILA5.41 Million
2015 15.88% 9.34% 0.35x 4.85x ILA81.61 Million
2016 15.54% 10.73% 0.34x 4.21x ILA90.07 Million
2017 12.60% 9.66% 0.33x 3.98x ILA47.85 Million
2018 11.97% 9.19% 0.34x 3.80x ILA40.90 Million
2019 26.86% 24.80% 0.29x 3.74x ILA403.15 Million
2020 14.86% 12.91% 0.28x 4.07x ILA119.11 Million
2021 9.40% 29.97% 0.27x 1.15x ILA-55.94 Million
2022 21.37% 19.82% 0.29x 3.78x ILA339.98 Million
2023 10.04% 10.43% 0.26x 3.71x ILA1.34 Million

Industry Comparison

This section compares Arad Investment & Industrial Development Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.

Industry Context

  • Industry: Electrical Equipment & Parts
  • Average net assets among peers: $61,091,500
  • Average return on equity (ROE) among peers: 15.59%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Arad Investment & Industrial Development Ltd (ARAD) ILA714.85 Million 7.08% 2.46x $2.83 Million
Elspec (ELSPC) $70.46 Million 14.44% 0.22x $263.13K
Payton -L (PAYT) $51.72 Million 16.74% 0.14x $1.41 Million