Blue Square Real Estate Ltd

TA:BLSR Israel Real Estate Services
Market Cap
$1.43 Billion
ILA534.69 Billion ILA
Market Cap Rank
#26907 Global
#54 in Israel
Share Price
ILA43830.00
Change (1 day)
+0.99%
52-Week Range
ILA28670.00 - ILA47620.00
All Time High
ILA47620.00
Categories
Companies in Israel Real Estate Services
About

Blue Square Real Estate Ltd provides real estate services in Israel. It leases space for commercial use, including shopping centers and small retail complexes, logistics, and offices. The company also offers innovation, development, and improvement of commercial properties, shopping malls, logistics centers, and office towers, as well as undertakes residential, mixed-use, and urban renewal and pr… Read more

Blue Square Real Estate Ltd (BLSR) - Net Assets

Latest net assets as of September 2025: ILA4.12 Billion ILA

Based on the latest financial reports, Blue Square Real Estate Ltd (BLSR) has net assets worth ILA4.12 Billion ILA as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ILA12.44 Billion) and total liabilities (ILA8.32 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 ILA4.12 Billion
% of Total Assets 33.1%
Annual Growth Rate 11.6%
5-Year Change 72.06%
10-Year Change 144.44%
Growth Volatility 14.66

Blue Square Real Estate Ltd - Net Assets Trend (2006–2024)

This chart illustrates how Blue Square Real Estate 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 Blue Square Real Estate Ltd (2006–2024)

The table below shows the annual net assets of Blue Square Real Estate Ltd from 2006 to 2024.

Year Net Assets Change
2024-12-31 ILA3.84 Billion +10.73%
2023-12-31 ILA3.47 Billion +14.43%
2022-12-31 ILA3.03 Billion +13.18%
2021-12-31 ILA2.68 Billion +19.97%
2020-12-31 ILA2.23 Billion +4.01%
2019-12-31 ILA2.15 Billion +16.19%
2018-12-31 ILA1.85 Billion +1.59%
2017-12-31 ILA1.82 Billion +3.25%
2016-12-31 ILA1.76 Billion +12.08%
2015-12-31 ILA1.57 Billion +3.04%
2014-12-31 ILA1.52 Billion -0.64%
2013-12-31 ILA1.53 Billion +2.28%
2012-12-31 ILA1.50 Billion +19.11%
2011-12-31 ILA1.26 Billion +0.24%
2010-12-31 ILA1.26 Billion +11.01%
2009-12-31 ILA1.13 Billion +24.34%
2008-12-31 ILA910.08 Million +3.74%
2007-12-31 ILA877.26 Million +64.82%
2006-12-31 ILA532.27 Million --

Equity Component Analysis

This analysis shows how different components contribute to Blue Square Real Estate 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 8653.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ILA3.37 Billion 87.74%
Common Stock ILA13.17 Million 0.34%
Other Components ILA457.28 Million 11.92%
Total Equity ILA3.84 Billion 100.00%

Blue Square Real Estate Ltd Competitors by Market Cap

The table below lists competitors of Blue Square Real Estate Ltd ranked by their market capitalization.

Company Market Cap
United Maritime Corporation
NASDAQ:USEA
 		$14.53 Million
Viscom AG
XETRA:V6C
 		$14.53 Million
T2 Metals Corp.
V:TWO
 		$14.53 Million
Bioleaders Corporation
KQ:142760
 		$14.53 Million
Asuransi Multi Artha Guna Tbk PT
JK:AMAG
 		$14.52 Million
Skytop Lodge Corporation
PINK:SKTP
 		$14.52 Million
Moonbae Steel
KO:008420
 		$14.51 Million
Hubei Geoway Investment Co Ltd
SHG:600462
 		$14.50 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Blue Square Real Estate Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 3,466,612,000 to 3,837,779,000, a change of 371,167,000 (10.7%).
  • Net income of 652,865,000 contributed positively to equity growth.
  • Dividend payments of 380,000,000 reduced retained earnings.
  • Other factors increased equity by 98,302,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ILA652.87 Million +17.01%
Dividends Paid ILA380.00 Million -9.9%
Other Changes ILA98.30 Million +2.56%
Total Change ILA- 10.71%

Book Value vs Market Value Analysis

This analysis compares Blue Square Real Estate 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: 139.32x
  • 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 378.65x to 139.32x 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 ILA115.75 ILA43830.00 x
2013-12-31 ILA122.20 ILA43830.00 x
2014-12-31 ILA126.89 ILA43830.00 x
2015-12-31 ILA135.68 ILA43830.00 x
2016-12-31 ILA150.56 ILA43830.00 x
2017-12-31 ILA157.01 ILA43830.00 x
2018-12-31 ILA159.47 ILA43830.00 x
2019-12-31 ILA185.18 ILA43830.00 x
2020-12-31 ILA192.81 ILA43830.00 x
2021-12-31 ILA229.03 ILA43830.00 x
2022-12-31 ILA248.38 ILA43830.00 x
2023-12-31 ILA284.17 ILA43830.00 x
2024-12-31 ILA314.60 ILA43830.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Blue Square Real Estate 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): 17.01%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 102.21%
  • • Asset Turnover: 0.06x
  • • Equity Multiplier: 2.84x
  • Recent ROE (17.01%) is above the historical average (12.04%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2006 7.23% 33.16% 0.08x 2.62x ILA-14.76 Million
2007 8.99% 49.54% 0.09x 2.07x ILA-8.83 Million
2008 7.39% 52.33% 0.06x 2.21x ILA-23.76 Million
2009 20.36% 158.72% 0.05x 2.57x ILA117.25 Million
2010 15.23% 51.38% 0.11x 2.59x ILA65.68 Million
2011 6.28% 24.78% 0.09x 2.75x ILA-46.78 Million
2012 13.28% 95.91% 0.05x 2.77x ILA49.25 Million
2013 9.70% 69.36% 0.05x 2.78x ILA-4.67 Million
2014 12.56% 85.27% 0.06x 2.67x ILA39.03 Million
2015 7.00% 47.61% 0.06x 2.53x ILA-47.15 Million
2016 13.56% 121.57% 0.05x 2.40x ILA62.60 Million
2017 10.70% 93.88% 0.05x 2.53x ILA12.77 Million
2018 6.29% 54.65% 0.04x 2.60x ILA-68.41 Million
2019 16.01% 153.87% 0.04x 2.94x ILA128.92 Million
2020 8.41% 60.32% 0.04x 3.30x ILA-35.63 Million
2021 20.75% 145.21% 0.05x 2.98x ILA287.80 Million
2022 9.76% 69.46% 0.05x 2.94x ILA-7.35 Million
2023 18.28% 116.61% 0.06x 2.82x ILA287.04 Million
2024 17.01% 102.21% 0.06x 2.84x ILA269.09 Million

Industry Comparison

This section compares Blue Square Real Estate 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: $2,867,280,000
  • Average return on equity (ROE) among peers: 8.22%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Blue Square Real Estate Ltd (BLSR) ILA4.12 Billion 7.23% 2.02x $14.52 Million
Adgar Investments and Development Ltd (ADGR) $835.73 Million 9.05% 3.22x $2.29 Million
Afi Properties Ltd (AFPR) $4.49 Billion 17.55% 2.13x $28.31 Million
Alony Hetz Properties and Investments Ltd (ALHE) $6.06 Billion 9.04% 1.57x $21.23 Million
Amot Investments Ltd (AMOT) $7.60 Billion 12.26% 1.31x $30.57 Million
Argo Properties NV (ARGO) $231.84 Million 9.77% 0.49x $7.87 Million
Ari Real Estate Arena Investment Ltd (ARIN) $272.87 Million -30.38% 4.24x $4.57 Million
ES Australia Israel Holdings Ltd (AUIS) $100.51 Million -2.75% 0.01x $149.05K
Brack Capit N V (BCNV) $454.10 Million 13.97% 1.82x $4.13 Million
Big Shopping Centers Ltd (BIG) $8.57 Billion 12.23% 2.14x $52.08 Million
Buligo Capital Ltd (BLGO) $60.63 Million 31.49% 0.06x $1.27 Million