Aspen Group Ltd (ASGR) - Net Assets
Based on the latest financial reports, Aspen Group Ltd (ASGR) has net assets worth ILA983.07 Million ILA (≈ $2.64 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 (ILA3.89 Billion ≈ $10.42 Million USD) and total liabilities (ILA2.90 Billion ≈ $7.78 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 ASGR asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ILA983.07 Million |
| % of Total Assets | 25.29% |
| Annual Growth Rate | 8.75% |
| 5-Year Change | 9.45% |
| 10-Year Change | 86.97% |
| Growth Volatility | 19.92 |
Aspen Group Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Aspen Group Ltd's net assets have evolved over time, based on quarterly financial data. Also explore ASGR total asset value for the complete picture of this company's asset base.
Annual Net Assets for Aspen Group Ltd (2006–2024)
The table below shows the annual net assets of Aspen Group Ltd from 2006 to 2024. For live valuation and market cap data, see Aspen Group Ltd (ASGR) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 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 501.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ILA366.02 Million | 63.92% |
| Common Stock | ILA680.00K | 0.12% |
| Other Comprehensive Income | ILA-71.30 Million | -12.45% |
| Other Components | ILA277.21 Million | 48.41% |
| Total Equity | ILA572.62 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 |
|---|---|
|
Spring Valley Acquisition Corp. II Class A Ordinary Shares
NASDAQ:SVII
|
$125.48 Million |
|
The Hi-Tech Gears Limited
NSE:HITECHGEAR
|
$125.51 Million |
|
Silicom
NASDAQ:SILC
|
$125.54 Million |
|
Apyx Medical Inc
NASDAQ:APYX
|
$125.55 Million |
|
Synergy Innovation Co. Ltd
KQ:048870
|
$125.39 Million |
|
Access Bio Inc
KQ:950130
|
$125.38 Million |
|
Aminex PLC
STU:DOP
|
$125.38 Million |
|
Kunyue Development Co Ltd
TWO:5206
|
$125.37 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 2023 to 2024, total equity changed from 721,310,000 to 572,622,000, a change of -148,688,000 (-20.6%).
- Net loss of 103,336,000 reduced equity.
- Dividend payments of 25,000,000 reduced retained earnings.
- New share issuances of 8,904,000 increased equity.
- Other comprehensive income decreased equity by 71,296,000.
- Other factors increased equity by 42,040,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ILA-103.34 Million | -18.05% |
| Dividends Paid | ILA25.00 Million | -4.37% |
| Share Issuances | ILA8.90 Million | +1.55% |
| Other Comprehensive Income | ILA-71.30 Million | -12.45% |
| Other Changes | ILA42.04 Million | +7.34% |
| Total Change | ILA- | -20.61% |
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: 80.25x
- 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 104.09x to 80.25x 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 | ILA727.70 | x |
| 2013-12-31 | ILA7.78 | ILA727.70 | x |
| 2014-12-31 | ILA8.00 | ILA727.70 | x |
| 2015-12-31 | ILA7.86 | ILA727.70 | x |
| 2016-12-31 | ILA8.05 | ILA727.70 | x |
| 2017-12-31 | ILA8.74 | ILA727.70 | x |
| 2018-12-31 | ILA9.69 | ILA727.70 | x |
| 2019-12-31 | ILA10.62 | ILA727.70 | x |
| 2020-12-31 | ILA11.10 | ILA727.70 | x |
| 2021-12-31 | ILA11.38 | ILA727.70 | x |
| 2022-12-31 | ILA12.25 | ILA727.70 | x |
| 2023-12-31 | ILA11.63 | ILA727.70 | x |
| 2024-12-31 | ILA9.07 | ILA727.70 | 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): -18.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -48.35%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 6.16x
- Recent ROE (-18.05%) is below the historical average (5.91%), 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 | 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 |
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: $3,878,229,333
- Average return on equity (ROE) among peers: 5.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Aspen Group Ltd (ASGR) | ILA983.07 Million | 0.19% | 2.95x | $125.46 Million |
| Adgar Investments and Development Ltd (ADGR) | $199.91 Million | 8.80% | 4.31x | $218.36 Million |
| Afi Properties Ltd (AFPR) | $3.04 Billion | 11.83% | 2.20x | $2.54 Billion |
| Alony Hetz Properties and Investments Ltd (ALHE) | $9.91 Billion | 4.70% | 1.67x | $2.16 Billion |
| Amot Investments Ltd (AMOT) | $2.35 Billion | 16.09% | 1.67x | $2.67 Billion |
| Argo Properties NV (ARGO) | $166.42 Million | 11.82% | 0.35x | $824.26 Million |
| Ari Real Estate Arena Investment Ltd (ARIN) | $74.30 Million | 17.90% | 10.34x | $563.77 Million |
| Airport City Ltd (ARPT) | $1.94 Billion | 13.64% | 2.74x | $1.65 Billion |
| ES Australia Israel Holdings Ltd (AUIS) | $101.12 Million | -44.85% | 3.94x | $14.18 Million |
| Azrieli Group Ltd (AZRG) | $17.12 Billion | 7.11% | 0.86x | $15.34 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