Blackedge Ltd
Blackedge Ltd provides financing for business purposes in Israel. It offers financing for residential real estate developers against real estate collateral, including asset and/or project surplus pledges; financing against securities pledges; financing against the receipt of other collateral, such as vehicles, personal and owner guarantees, guarantees from third parties, and current pledges; and … Read more
Blackedge Ltd (BLEG) - Net Assets
Latest net assets as of September 2025: ₪64.02 Million ILS
Based on the latest financial reports, Blackedge Ltd (BLEG) has net assets worth ₪64.02 Million ILS as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₪320.58 Million) and total liabilities (₪256.56 Million). 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 | ₪64.02 Million |
| % of Total Assets | 19.97% |
| Annual Growth Rate | 129.16% |
| 5-Year Change | 1170.13% |
| 10-Year Change | N/A |
| Growth Volatility | 257.8 |
Blackedge Ltd - Net Assets Trend (2018–2024)
This chart illustrates how Blackedge 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 Blackedge Ltd (2018–2024)
The table below shows the annual net assets of Blackedge Ltd from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₪51.99 Million | +35.79% |
| 2023-12-31 | ₪38.29 Million | +21.80% |
| 2022-12-31 | ₪31.44 Million | +74.86% |
| 2021-12-31 | ₪17.98 Million | +339.17% |
| 2020-12-31 | ₪4.09 Million | +37.84% |
| 2019-12-31 | ₪2.97 Million | +728.17% |
| 2018-12-31 | ₪358.60K | -- |
Equity Component Analysis
This analysis shows how different components contribute to Blackedge 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 8005.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₪34.62 Million | 66.58% |
| Common Stock | ₪548.90 | 0.00% |
| Other Comprehensive Income | ₪1.75 Million | 3.37% |
| Other Components | ₪15.63 Million | 30.05% |
| Total Equity | ₪51.99 Million | 100.00% |
Blackedge Ltd Competitors by Market Cap
The table below lists competitors of Blackedge Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HanJung Natural Connectivity System.co.,Ltd
KQ:107640
|
$171.29 Million |
|
MEDIA DO Co. Ltd
PINK:MDDCF
|
$171.29 Million |
|
Business Engineering Corporation
MU:TBY
|
$171.33 Million |
|
Huaiji Dengyun Auto-parts Holding Co Ltd
SHE:002715
|
$171.34 Million |
|
SILOAM INTL HOS. RP 125
F:2LS
|
$171.24 Million |
|
ADD Industry Zhejiang Co Ltd
SHG:603089
|
$171.22 Million |
|
United Faith Auto-Engineering Co. Ltd.
SHE:301112
|
$171.12 Million |
|
Rolex Rings Limited
NSE:ROLEXRINGS
|
$171.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Blackedge Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 38,290,387 to 51,992,631, a change of 13,702,244 (35.8%).
- Net income of 9,735,290 contributed positively to equity growth.
- Share repurchases of 991,862 reduced equity.
- New share issuances of 18,958,000 increased equity.
- Other comprehensive income increased equity by 79,953.
- Other factors decreased equity by 14,079,137.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₪9.74 Million | +18.72% |
| Share Repurchases | ₪991.86K | -1.91% |
| Share Issuances | ₪18.96 Million | +36.46% |
| Other Comprehensive Income | ₪79.95K | +0.15% |
| Other Changes | ₪-14.08 Million | -27.08% |
| Total Change | ₪- | 35.79% |
Book Value vs Market Value Analysis
This analysis compares Blackedge 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: 1163.52x
- 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 40290.47x to 1163.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | ₪0.94 | ₪37840.00 | x |
| 2019-12-31 | ₪1.77 | ₪37840.00 | x |
| 2020-12-31 | ₪2.52 | ₪37840.00 | x |
| 2021-12-31 | ₪12.76 | ₪37840.00 | x |
| 2022-12-31 | ₪16.76 | ₪37840.00 | x |
| 2023-12-31 | ₪23.63 | ₪37840.00 | x |
| 2024-12-31 | ₪32.52 | ₪37840.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Blackedge 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): 18.72%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 51.20%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 4.34x
- Recent ROE (18.72%) is below the historical average (28.83%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 26.80% | 29.35% | 0.12x | 7.72x | ₪157.75K |
| 2019 | 83.17% | 48.67% | 0.17x | 9.93x | ₪1.82 Million |
| 2020 | -17.91% | -18.02% | 0.11x | 9.38x | ₪-990.68K |
| 2021 | 33.47% | 59.53% | 0.08x | 6.80x | ₪4.22 Million |
| 2022 | 25.89% | 7.40% | 0.48x | 7.34x | ₪4.91 Million |
| 2023 | 31.70% | 46.31% | 0.14x | 5.01x | ₪8.31 Million |
| 2024 | 18.72% | 51.20% | 0.08x | 4.34x | ₪4.54 Million |
Industry Comparison
This section compares Blackedge Ltd's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $187,447,111
- Average return on equity (ROE) among peers: 9.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Blackedge Ltd (BLEG) | ₪64.02 Million | 26.80% | 4.01x | $171.26 Million |
| Blender Financial Technologies Ltd (BLND) | $12.59 Million | -192.17% | 4.09x | $180.33K |
| Direct Finance TA (DIFI) | $308.07 Million | 18.05% | 4.77x | $4.26 Million |
| Gamla Harel Residential Real-Estate Ltd (GMLA) | $264.55 Million | 12.30% | 3.04x | $1.48 Million |
| Jacob Finance And Investments Ltd (JCFN) | $32.51 Million | 74.84% | 42.00x | $1.98 Million |
| Michlol Finance Ltd (MCLL) | $305.73 Million | 16.66% | 4.34x | $1.83 Million |
| Michman Basad Ltd (MCMN) | $10.83 Million | 69.73% | 7.32x | $1.60 Million |
| MLRN Projects and Trade Ltd (MLRN) | $28.66 Million | 38.21% | 8.20x | $1.21 Million |
| Menif Financial Services Ltd (MNIF) | $450.69 Million | 27.61% | 4.78x | $4.24 Million |
| Nawi Brothers Group Ltd (NAWI) | $273.38 Million | 21.61% | 3.76x | $4.87 Million |