Aspen Group Ltd (ASGR) - Net Assets
Based on the latest financial reports, Aspen Group Ltd (ASGR) has net assets worth ILA1.01 Billion ILA (≈ $2.70 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 (ILA3.69 Billion ≈ $9.88 Million USD) and total liabilities (ILA2.68 Billion ≈ $7.18 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 Aspen Group Ltd (ASGR) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ILA1.01 Billion |
| % of Total Assets | 27.35% |
| Annual Growth Rate | 8.68% |
| 5-Year Change | -27.35% |
| 10-Year Change | 90.98% |
| Growth Volatility | 19.41 |
Aspen Group Ltd - Net Assets Trend (2006–2025)
This chart illustrates how Aspen Group Ltd's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Aspen Group Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Aspen Group Ltd (2006–2025)
The table below shows the annual net assets of Aspen Group Ltd from 2006 to 2025. For live valuation and market cap data, see Aspen Group Ltd (ASGR) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ILA1.01 Billion ≈ $2.70 Million |
+7.35% |
| 2024-12-31 | ILA938.98 Million ≈ $2.52 Million |
-39.70% |
| 2023-12-31 | ILA1.56 Billion ≈ $4.17 Million |
-3.83% |
| 2022-12-31 | ILA1.62 Billion ≈ $4.34 Million |
+16.69% |
| 2021-12-31 | ILA1.39 Billion ≈ $3.72 Million |
+61.74% |
| 2020-12-31 | ILA857.89 Million ≈ $2.30 Million |
-3.66% |
| 2019-12-31 | ILA890.47 Million ≈ $2.39 Million |
+10.31% |
| 2018-12-31 | ILA807.22 Million ≈ $2.16 Million |
+14.77% |
| 2017-12-31 | ILA703.33 Million ≈ $1.89 Million |
+33.26% |
| 2016-12-31 | ILA527.80 Million ≈ $1.42 Million |
+5.10% |
| 2015-12-31 | ILA502.21 Million ≈ $1.35 Million |
+4.02% |
| 2014-12-31 | ILA482.80 Million ≈ $1.29 Million |
+8.70% |
| 2013-12-31 | ILA444.18 Million ≈ $1.19 Million |
+12.15% |
| 2012-12-31 | ILA396.05 Million ≈ $1.06 Million |
+6.61% |
| 2011-12-31 | ILA371.49 Million ≈ $995.95K |
+22.75% |
| 2010-12-31 | ILA302.63 Million ≈ $811.34K |
+15.50% |
| 2009-12-31 | ILA262.02 Million ≈ $702.46K |
+6.75% |
| 2008-12-31 | ILA245.45 Million ≈ $658.04K |
-8.74% |
| 2007-12-31 | ILA268.97 Million ≈ $721.09K |
+29.69% |
| 2006-12-31 | ILA207.39 Million ≈ $556.01K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Aspen Group 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 515.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ILA374.21 Million | 61.45% |
| Common Stock | ILA680.00K | 0.11% |
| Other Comprehensive Income | ILA-56.39 Million | -9.26% |
| Other Components | ILA290.42 Million | 47.69% |
| Total Equity | ILA608.92 Million | 100.00% |
Aspen Group Ltd Competitors by Market Cap
The table below lists competitors of Aspen Group Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Calitech Co Ltd
TWO:6532
|
$107.59 Million |
|
GOLCONDA GOLD LTD
F:Y87
|
$107.68 Million |
|
Icares Medicus Inc
TWO:6612
|
$107.69 Million |
|
Eagle Cold Storage Enterprise Co Ltd
TWO:8905
|
$107.72 Million |
|
MICROPORT CARDIO.MEDTECH.
F:72X
|
$107.57 Million |
|
Ayes Celik Hasir ve Cit Sanayi AS
IS:AYES
|
$107.51 Million |
|
Arcticzymes Technologies ASA
OL:AZT
|
$107.48 Million |
|
Biotalys NV
BR:BTLS
|
$107.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Aspen Group Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 572,622,000 to 608,922,000, a change of 36,300,000 (6.3%).
- Net income of 53,222,000 contributed positively to equity growth.
- Dividend payments of 18,750,000 reduced retained earnings.
- Share repurchases of 187,000 reduced equity.
- Other comprehensive income increased equity by 14,908,000.
- Other factors decreased equity by 12,893,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ILA53.22 Million | +8.74% |
| Dividends Paid | ILA18.75 Million | -3.08% |
| Share Repurchases | ILA187.00K | -0.03% |
| Other Comprehensive Income | ILA14.91 Million | +2.45% |
| Other Changes | ILA-12.89 Million | -2.12% |
| Total Change | ILA- | 6.34% |
Book Value vs Market Value Analysis
This analysis compares Aspen Group 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: 64.69x
- 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 89.25x to 64.69x 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 | ILA6.99 | ILA624.00 | x |
| 2013-12-31 | ILA7.78 | ILA624.00 | x |
| 2014-12-31 | ILA8.00 | ILA624.00 | x |
| 2015-12-31 | ILA7.86 | ILA624.00 | x |
| 2016-12-31 | ILA8.05 | ILA624.00 | x |
| 2017-12-31 | ILA8.74 | ILA624.00 | x |
| 2018-12-31 | ILA9.69 | ILA624.00 | x |
| 2019-12-31 | ILA10.62 | ILA624.00 | x |
| 2020-12-31 | ILA11.10 | ILA624.00 | x |
| 2021-12-31 | ILA11.38 | ILA624.00 | x |
| 2022-12-31 | ILA12.25 | ILA624.00 | x |
| 2023-12-31 | ILA11.63 | ILA624.00 | x |
| 2024-12-31 | ILA9.07 | ILA624.00 | x |
| 2025-12-31 | ILA9.65 | ILA624.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Aspen Group 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): 8.74%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.19%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 6.05x
- Recent ROE (8.74%) is above the historical average (6.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 0.19% | 0.38% | 0.10x | 4.96x | ILA-21.20 Million |
| 2009 | 12.00% | 24.34% | 0.11x | 4.68x | ILA5.04 Million |
| 2010 | 4.72% | 10.80% | 0.09x | 4.83x | ILA-15.50 Million |
| 2011 | 10.90% | 35.70% | 0.06x | 4.79x | ILA3.34 Million |
| 2012 | 6.62% | 21.99% | 0.06x | 4.74x | ILA-13.33 Million |
| 2013 | 10.44% | 38.54% | 0.06x | 4.22x | ILA1.92 Million |
| 2014 | 6.51% | 16.65% | 0.07x | 5.87x | ILA-15.61 Million |
| 2015 | 5.88% | 13.62% | 0.08x | 5.54x | ILA-18.37 Million |
| 2016 | 7.58% | 18.13% | 0.08x | 5.24x | ILA-11.18 Million |
| 2017 | 7.86% | 21.77% | 0.07x | 5.38x | ILA-11.50 Million |
| 2018 | 12.06% | 27.54% | 0.08x | 5.49x | ILA12.22 Million |
| 2019 | 21.53% | 57.15% | 0.08x | 4.79x | ILA74.72 Million |
| 2020 | 5.14% | 18.76% | 0.06x | 4.24x | ILA-32.33 Million |
| 2021 | 12.73% | 46.87% | 0.04x | 6.05x | ILA19.70 Million |
| 2022 | 4.48% | 12.49% | 0.05x | 6.79x | ILA-43.46 Million |
| 2023 | -10.09% | -28.92% | 0.05x | 7.31x | ILA-144.93 Million |
| 2024 | -18.05% | -48.35% | 0.06x | 6.16x | ILA-160.60 Million |
| 2025 | 8.74% | 25.19% | 0.06x | 6.05x | ILA-7.67 Million |
Industry Comparison
This section compares Aspen Group 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: $1,920,470,889
- Average return on equity (ROE) among peers: 8.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Aspen Group Ltd (ASGR) | ILA1.01 Billion | 0.19% | 2.66x | $107.58 Million |
| Adgar Investments and Development Ltd (ADGR) | $840.11 Million | 4.73% | 3.66x | $195.56 Million |
| Afi Properties Ltd (AFPR) | $2.81 Billion | 12.01% | 1.96x | $2.02 Billion |
| Alony Hetz Properties and Investments Ltd (ALHE) | $3.00 Billion | 12.64% | 2.03x | $1.96 Billion |
| Amot Investments Ltd (AMOT) | $2.38 Billion | 6.01% | 1.89x | $2.44 Billion |
| Argo Properties NV (ARGO) | $330.24 Million | -13.17% | 1.14x | $774.79 Million |
| Ari Real Estate Arena Investment Ltd (ARIN) | $74.30 Million | 17.90% | 10.34x | $554.76 Million |
| Airport City Ltd (ARPT) | $48.96 Million | 17.49% | 16.33x | $1.51 Billion |
| ES Australia Israel Holdings Ltd (AUIS) | $107.04 Million | 4.04% | 0.01x | $14.36 Million |
| Azrieli Group Ltd (AZRG) | $7.69 Billion | 12.43% | 1.23x | $13.45 Billion |
About Aspen Group Ltd
Aspen Group Ltd. engages in the purchase, initiation, improvement, management, and rental of real estate properties in Israel and the Netherlands. It acquires, develops, rents, and manages property including office, commercial, services, trade, industrial, and logistics buildings. The company was formerly known as Aspen Construction and Development Ltd. and changed its name to Aspen Group Ltd. in… Read more