Blue Square Real Estate Ltd (BLSR) - Net Assets
Based on the latest financial reports, Blue Square Real Estate Ltd (BLSR) has net assets worth ILA4.24 Billion ILA (≈ $11.37 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 (ILA12.45 Billion ≈ $33.38 Million USD) and total liabilities (ILA8.21 Billion ≈ $22.01 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 tangible net worth ratio of Blue Square Real Estate Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ILA4.24 Billion |
| % of Total Assets | 34.06% |
| Annual Growth Rate | 11.54% |
| 5-Year Change | 58.42% |
| 10-Year Change | 140.93% |
| Growth Volatility | 14.28 |
Blue Square Real Estate Ltd - Net Assets Trend (2006–2025)
This chart illustrates how Blue Square Real Estate Ltd's net assets have evolved over time, based on quarterly financial data. See how many days can Blue Square Real Estate Ltd fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Blue Square Real Estate Ltd (2006–2025)
The table below shows the annual net assets of Blue Square Real Estate Ltd from 2006 to 2025. For live valuation and market cap data, see BLSR stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ILA4.24 Billion ≈ $11.37 Million |
+10.47% |
| 2024-12-31 | ILA3.84 Billion ≈ $10.29 Million |
+10.73% |
| 2023-12-31 | ILA3.47 Billion ≈ $9.29 Million |
+14.43% |
| 2022-12-31 | ILA3.03 Billion ≈ $8.12 Million |
+13.18% |
| 2021-12-31 | ILA2.68 Billion ≈ $7.18 Million |
+19.97% |
| 2020-12-31 | ILA2.23 Billion ≈ $5.98 Million |
+4.01% |
| 2019-12-31 | ILA2.15 Billion ≈ $5.75 Million |
+16.19% |
| 2018-12-31 | ILA1.85 Billion ≈ $4.95 Million |
+1.59% |
| 2017-12-31 | ILA1.82 Billion ≈ $4.87 Million |
+3.25% |
| 2016-12-31 | ILA1.76 Billion ≈ $4.72 Million |
+12.08% |
| 2015-12-31 | ILA1.57 Billion ≈ $4.21 Million |
+3.04% |
| 2014-12-31 | ILA1.52 Billion ≈ $4.09 Million |
-0.64% |
| 2013-12-31 | ILA1.53 Billion ≈ $4.11 Million |
+2.28% |
| 2012-12-31 | ILA1.50 Billion ≈ $4.02 Million |
+19.11% |
| 2011-12-31 | ILA1.26 Billion ≈ $3.38 Million |
+0.24% |
| 2010-12-31 | ILA1.26 Billion ≈ $3.37 Million |
+11.01% |
| 2009-12-31 | ILA1.13 Billion ≈ $3.03 Million |
+24.34% |
| 2008-12-31 | ILA910.08 Million ≈ $2.44 Million |
+3.74% |
| 2007-12-31 | ILA877.26 Million ≈ $2.35 Million |
+64.82% |
| 2006-12-31 | ILA532.27 Million ≈ $1.43 Million |
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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 9729.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ILA3.78 Billion | 89.16% |
| Common Stock | ILA13.17 Million | 0.31% |
| Other Comprehensive Income | ILA-10.90 Million | -0.26% |
| Other Components | ILA457.28 Million | 10.78% |
| Total Equity | ILA4.24 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 |
|---|---|
|
Shenzhen Hui Chuang Da Technology Co.Ltd
SHE:300909
|
$1.18 Billion |
|
Europower Enerji ve Otomasyon Teknolojileri Sanayi Ticaret A.S.
IS:EUPWR
|
$1.18 Billion |
|
Qinghai Jinrui Mineral Development Co Ltd
SHG:600714
|
$1.18 Billion |
|
Cadre Holdings Inc
NYSE:CDRE
|
$1.18 Billion |
|
ATOSS Software SE
XETRA:AOF
|
$1.18 Billion |
|
Nomad Foods Limited
F:0NH
|
$1.18 Billion |
|
Astec Industries Inc
NASDAQ:ASTE
|
$1.18 Billion |
|
China Sports Industry Group Co Ltd
SHG:600158
|
$1.18 Billion |
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 2024 to 2025, total equity changed from 3,837,779,000 to 4,240,734,000, a change of 402,955,000 (10.5%).
- Net income of 763,853,000 contributed positively to equity growth.
- Dividend payments of 270,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 10,898,000.
- Other factors decreased equity by 80,000,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ILA763.85 Million | +18.01% |
| Dividends Paid | ILA270.00 Million | -6.37% |
| Other Comprehensive Income | ILA-10.90 Million | -0.26% |
| Other Changes | ILA-80.00 Million | -1.89% |
| Total Change | ILA- | 10.50% |
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: 103.96x
- 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 312.22x to 103.96x 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 | ILA36140.00 | x |
| 2013-12-31 | ILA122.20 | ILA36140.00 | x |
| 2014-12-31 | ILA126.89 | ILA36140.00 | x |
| 2015-12-31 | ILA135.68 | ILA36140.00 | x |
| 2016-12-31 | ILA150.56 | ILA36140.00 | x |
| 2017-12-31 | ILA157.01 | ILA36140.00 | x |
| 2018-12-31 | ILA159.47 | ILA36140.00 | x |
| 2019-12-31 | ILA185.18 | ILA36140.00 | x |
| 2020-12-31 | ILA192.81 | ILA36140.00 | x |
| 2021-12-31 | ILA229.03 | ILA36140.00 | x |
| 2022-12-31 | ILA248.38 | ILA36140.00 | x |
| 2023-12-31 | ILA284.17 | ILA36140.00 | x |
| 2024-12-31 | ILA314.60 | ILA36140.00 | x |
| 2025-12-31 | ILA347.63 | ILA36140.00 | 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): 18.01%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 135.67%
- • Asset Turnover: 0.05x
- • Equity Multiplier: 2.94x
- Recent ROE (18.01%) is above the historical average (12.34%), 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 |
| 2025 | 18.01% | 135.67% | 0.05x | 2.94x | ILA339.78 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: $3,873,143,400
- Average return on equity (ROE) among peers: 6.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Blue Square Real Estate Ltd (BLSR) | ILA4.24 Billion | 7.23% | 1.94x | $1.18 Billion |
| Adgar Investments and Development Ltd (ADGR) | $1.25 Billion | -2.73% | 2.84x | $208.73 Million |
| Afi Properties Ltd (AFPR) | $2.66 Billion | -0.09% | 1.68x | $2.15 Billion |
| Alony Hetz Properties and Investments Ltd (ALHE) | $284.36 Million | 26.47% | 7.54x | $2.02 Billion |
| Amot Investments Ltd (AMOT) | $4.30 Billion | 9.96% | 1.44x | $2.51 Billion |
| Argo Properties NV (ARGO) | $419.42 Million | 8.39% | 1.00x | $819.49 Million |
| Ari Real Estate Arena Investment Ltd (ARIN) | $765.64 Million | -1.42% | 1.29x | $556.53 Million |
| Airport City Ltd (ARPT) | $10.54 Billion | 7.19% | 0.91x | $1.55 Billion |
| Aspen Group Ltd (ASGR) | $262.02 Million | 11.53% | 3.50x | $108.96 Million |
| ES Australia Israel Holdings Ltd (AUIS) | $107.97 Million | 5.76% | 0.26x | $14.36 Million |
| Azrieli Group Ltd (AZRG) | $18.13 Billion | 1.04% | 0.94x | $14.20 Billion |
About Blue Square Real Estate Ltd
Blue Square Real Estate Ltd provides real estate services in Israel. It leases commercial spaces, 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 projects.… Read more