Airport City Ltd (ARPT) - Net Assets
Based on the latest financial reports, Airport City Ltd (ARPT) has net assets worth ILA10.42 Billion ILA (≈ $27.94 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ILA19.40 Billion ≈ $52.02 Million USD) and total liabilities (ILA8.98 Billion ≈ $24.08 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. Also explore how large is Airport City Ltd's balance sheet for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ILA10.42 Billion |
| % of Total Assets | 53.71% |
| Annual Growth Rate | 31.65% |
| 5-Year Change | 30.32% |
| 10-Year Change | 167.23% |
| Growth Volatility | 153.54 |
Airport City Ltd - Net Assets Trend (2004–2024)
This chart illustrates how Airport City Ltd's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see ARPT market cap.
Annual Net Assets for Airport City Ltd (2004–2024)
The table below shows the annual net assets of Airport City Ltd from 2004 to 2024. Explore cash flow conversion of Airport City Ltd to assess how effectively this company generates cash.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ILA9.88 Billion ≈ $26.49 Million |
+0.09% |
| 2023-12-31 | ILA9.87 Billion ≈ $26.46 Million |
+2.83% |
| 2022-12-31 | ILA9.60 Billion ≈ $25.73 Million |
+7.28% |
| 2021-12-31 | ILA8.95 Billion ≈ $23.98 Million |
+18.01% |
| 2020-12-31 | ILA7.58 Billion ≈ $20.32 Million |
-2.09% |
| 2019-12-31 | ILA7.74 Billion ≈ $20.76 Million |
+15.57% |
| 2018-12-31 | ILA6.70 Billion ≈ $17.96 Million |
+13.70% |
| 2017-12-31 | ILA5.89 Billion ≈ $15.80 Million |
+32.69% |
| 2016-12-31 | ILA4.44 Billion ≈ $11.91 Million |
+20.12% |
| 2015-12-31 | ILA3.70 Billion ≈ $9.91 Million |
-9.08% |
| 2014-12-31 | ILA4.07 Billion ≈ $10.90 Million |
+13.37% |
| 2013-12-31 | ILA3.59 Billion ≈ $9.61 Million |
+9.05% |
| 2012-12-31 | ILA3.29 Billion ≈ $8.82 Million |
+13.97% |
| 2011-12-31 | ILA2.89 Billion ≈ $7.74 Million |
+17.44% |
| 2010-12-31 | ILA2.46 Billion ≈ $6.59 Million |
+26.66% |
| 2009-12-31 | ILA1.94 Billion ≈ $5.20 Million |
+35.99% |
| 2008-12-31 | ILA1.43 Billion ≈ $3.82 Million |
-8.15% |
| 2007-12-31 | ILA1.55 Billion ≈ $4.16 Million |
+316.00% |
| 2006-12-31 | ILA373.32 Million ≈ $1.00 Million |
+662.45% |
| 2005-12-31 | ILA48.96 Million ≈ $131.27K |
+21.19% |
| 2004-12-31 | ILA40.40 Million ≈ $108.31K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Airport City 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 36577.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ILA8.48 Billion | 87.54% |
| Common Stock | ILA1.38 Million | 0.01% |
| Other Comprehensive Income | ILA-183.78 Million | -1.90% |
| Other Components | ILA1.39 Billion | 14.34% |
| Total Equity | ILA9.69 Billion | 100.00% |
Airport City Ltd Competitors by Market Cap
The table below lists competitors of Airport City Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangsu Jiangyin Rural Commercial Bank Co Ltd
SHE:002807
|
$1.65 Billion |
|
Fagron NV
BR:FAGR
|
$1.65 Billion |
|
China Security & Fire Co Ltd Class A
SHG:600654
|
$1.65 Billion |
|
Collective Mining Ltd
TO:CNL
|
$1.65 Billion |
|
Hotel Shilla
KO:008770
|
$1.65 Billion |
|
KTK Group Co Ltd
SHG:603680
|
$1.65 Billion |
|
JHSF Participações S.A.
SA:JHSF3
|
$1.65 Billion |
|
Zhejiang Huazheng New Material
SHG:603186
|
$1.65 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Airport City Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,727,607,000 to 9,687,748,000, a change of -39,859,000 (-0.4%).
- Net income of 413,034,000 contributed positively to equity growth.
- Share repurchases of 402,253,000 reduced equity.
- Other comprehensive income decreased equity by 50,640,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ILA413.03 Million | +4.26% |
| Share Repurchases | ILA402.25 Million | -4.15% |
| Other Comprehensive Income | ILA-50.64 Million | -0.52% |
| Total Change | ILA- | -0.41% |
Book Value vs Market Value Analysis
This analysis compares Airport City 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: 67.61x
- 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 6198.06x to 67.61x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | ILA0.89 | ILA5490.00 | x |
| 2005-12-31 | ILA1.07 | ILA5490.00 | x |
| 2006-12-31 | ILA4.80 | ILA5490.00 | x |
| 2007-12-31 | ILA11.58 | ILA5490.00 | x |
| 2008-12-31 | ILA10.90 | ILA5490.00 | x |
| 2011-12-31 | ILA19.92 | ILA5490.00 | x |
| 2012-12-31 | ILA24.06 | ILA5490.00 | x |
| 2013-12-31 | ILA25.88 | ILA5490.00 | x |
| 2014-12-31 | ILA31.08 | ILA5490.00 | x |
| 2015-12-31 | ILA41.30 | ILA5490.00 | x |
| 2016-12-31 | ILA37.53 | ILA5490.00 | x |
| 2017-12-31 | ILA47.16 | ILA5490.00 | x |
| 2018-12-31 | ILA49.93 | ILA5490.00 | x |
| 2019-12-31 | ILA57.77 | ILA5490.00 | x |
| 2020-12-31 | ILA58.43 | ILA5490.00 | x |
| 2021-12-31 | ILA70.85 | ILA5490.00 | x |
| 2022-12-31 | ILA76.12 | ILA5490.00 | x |
| 2023-12-31 | ILA78.36 | ILA5490.00 | x |
| 2024-12-31 | ILA81.21 | ILA5490.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Airport City 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): 4.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 37.68%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.94x
- Recent ROE (4.26%) is below the historical average (12.43%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 20.13% | 14.92% | 0.07x | 18.48x | ILA4.09 Million |
| 2005 | 17.49% | 13.68% | 0.07x | 17.33x | ILA3.67 Million |
| 2006 | 8.54% | 13.18% | 0.04x | 18.18x | ILA-3.71 Million |
| 2007 | 21.65% | 32.38% | 0.08x | 8.11x | ILA86.37 Million |
| 2008 | -4.42% | -6.11% | 0.08x | 8.52x | ILA-96.74 Million |
| 2009 | 28.00% | 38.66% | 0.09x | 7.69x | ILA170.06 Million |
| 2010 | 22.40% | 26.63% | 0.14x | 6.01x | ILA162.33 Million |
| 2011 | 18.38% | 35.73% | 0.10x | 5.31x | ILA137.13 Million |
| 2012 | 16.00% | 44.62% | 0.07x | 4.79x | ILA118.48 Million |
| 2013 | 10.99% | 32.47% | 0.08x | 4.39x | ILA22.01 Million |
| 2014 | 13.11% | 44.53% | 0.08x | 3.91x | ILA79.32 Million |
| 2015 | 8.95% | 41.40% | 0.07x | 2.93x | ILA-37.83 Million |
| 2016 | 11.36% | 62.22% | 0.07x | 2.61x | ILA59.07 Million |
| 2017 | 12.84% | 95.65% | 0.06x | 2.13x | ILA163.91 Million |
| 2018 | 9.72% | 62.50% | 0.08x | 1.99x | ILA-18.49 Million |
| 2019 | 14.07% | 118.60% | 0.06x | 1.97x | ILA309.33 Million |
| 2020 | 2.57% | 21.26% | 0.06x | 2.04x | ILA-555.83 Million |
| 2021 | 15.92% | 170.51% | 0.05x | 1.92x | ILA522.44 Million |
| 2022 | 6.52% | 68.23% | 0.05x | 1.96x | ILA-329.51 Million |
| 2023 | 2.60% | 24.82% | 0.05x | 1.91x | ILA-719.36 Million |
| 2024 | 4.26% | 37.68% | 0.06x | 1.94x | ILA-555.74 Million |
Industry Comparison
This section compares Airport City Ltd's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $4,455,975,778
- Average return on equity (ROE) among peers: 11.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Airport City Ltd (ARPT) | ILA10.42 Billion | 20.13% | 0.86x | $1.65 Billion |
| Adgar Investments and Development Ltd (ADGR) | $1.07 Billion | 6.65% | 3.26x | $218.36 Million |
| Afi Properties Ltd (AFPR) | $1.28 Billion | 5.79% | 1.31x | $2.54 Billion |
| Alony Hetz Properties and Investments Ltd (ALHE) | $11.83 Billion | 13.17% | 1.70x | $2.16 Billion |
| Amot Investments Ltd (AMOT) | $2.84 Billion | 8.16% | 1.78x | $2.67 Billion |
| Argo Properties NV (ARGO) | $166.42 Million | 11.82% | 0.35x | $824.26 Million |
| Ari Real Estate Arena Investment Ltd (ARIN) | $450.83 Million | 43.92% | 1.76x | $563.77 Million |
| Aspen Group Ltd (ASGR) | $245.45 Million | 0.17% | 3.37x | $125.46 Million |
| ES Australia Israel Holdings Ltd (AUIS) | $114.15 Million | 5.52% | 0.45x | $14.18 Million |
| Azrieli Group Ltd (AZRG) | $22.10 Billion | 8.13% | 1.19x | $15.34 Billion |
About Airport City Ltd
Airport City Ltd., together with its subsidiaries, engages in leasing, development, and management of real estate properties in Israel, France, Spain, and Germany. It operates through two segments, Property Rental and Management; and Construction of Buildings for Sale. The company initiates, locates, plans, constructs, leases, manages, and maintains properties intended for rental for various uses… Read more