Bait Vegag Real Estate Development Ltd
Bait Vegag Real Estate Development Ltd engages in the construction evacuation and urban renewal activities in Israel. The company was formerly known as BAIT VEGAG GL LTD and changed its name to Bait Vegag Real Estate Development Ltd in April 2022. The company was incorporated in 2021 and is based in Ramat Gan, Israel.
Bait Vegag Real Estate Development Ltd (BVGG) - Net Assets
Latest net assets as of September 2025: ₪242.36 Million ILS
Based on the latest financial reports, Bait Vegag Real Estate Development Ltd (BVGG) has net assets worth ₪242.36 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 (₪734.89 Million) and total liabilities (₪492.54 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 | ₪242.36 Million |
| % of Total Assets | 32.98% |
| Annual Growth Rate | 9.23% |
| 5-Year Change | 68.35% |
| 10-Year Change | N/A |
| Growth Volatility | 25.36 |
Bait Vegag Real Estate Development Ltd - Net Assets Trend (2019–2024)
This chart illustrates how Bait Vegag Real Estate Development 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 Bait Vegag Real Estate Development Ltd (2019–2024)
The table below shows the annual net assets of Bait Vegag Real Estate Development Ltd from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₪253.38 Million | -0.14% |
| 2023-12-31 | ₪253.75 Million | -0.42% |
| 2022-12-31 | ₪254.82 Million | +61.76% |
| 2021-12-31 | ₪157.53 Million | +4.66% |
| 2020-12-31 | ₪150.51 Million | -7.62% |
| 2019-12-31 | ₪162.92 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bait Vegag Real Estate Development 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 62100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₪621.00K | 0.25% |
| Common Stock | ₪550.00K | 0.22% |
| Other Comprehensive Income | ₪175.12 Million | 69.31% |
| Other Components | ₪76.36 Million | 30.22% |
| Total Equity | ₪252.65 Million | 100.00% |
Bait Vegag Real Estate Development Ltd Competitors by Market Cap
The table below lists competitors of Bait Vegag Real Estate Development Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Korea Asset In Trust Co Ltd
KO:123890
|
$107.76 Million |
|
Ihlas Haber Ajansi AS
IS:IHAAS
|
$107.77 Million |
|
GrafTech International Ltd
NYSE:EAF
|
$107.77 Million |
|
HAIT.UT.INT.FIN.L. H YC 1
F:HA6
|
$107.78 Million |
|
Tongda Smart Tech (Xiamen) Co. Ltd. A
SHE:001368
|
$107.70 Million |
|
Feintool International Holding AG
PINK:FEIOF
|
$107.69 Million |
|
Enter Air Sp. z o.o
F:10N
|
$107.59 Million |
|
SIS LIMITED
NSE:SIS
|
$107.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bait Vegag Real Estate Development Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 252,827,000 to 252,648,000, a change of -179,000 (-0.1%).
- Net loss of 2,958,000 reduced equity.
- New share issuances of 1,000 increased equity.
- Other comprehensive income increased equity by 175,115,000.
- Other factors decreased equity by 172,337,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₪-2.96 Million | -1.17% |
| Share Issuances | ₪1.00K | +0.0% |
| Other Comprehensive Income | ₪175.12 Million | +69.31% |
| Other Changes | ₪-172.34 Million | -68.21% |
| Total Change | ₪- | -0.07% |
Book Value vs Market Value Analysis
This analysis compares Bait Vegag Real Estate Development 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: 162.07x
- 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 251.26x to 162.07x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | ₪2.86 | ₪719.30 | x |
| 2022-12-31 | ₪4.61 | ₪719.30 | x |
| 2023-12-31 | ₪4.89 | ₪719.30 | x |
| 2024-12-31 | ₪4.44 | ₪719.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bait Vegag Real Estate Development 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): -1.17%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.09%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 1.67x
- Recent ROE (-1.17%) is below the historical average (0.06%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 0.00% | 0.00% | 0.85x | 2.23x | ₪-15.75 Million |
| 2022 | 3.91% | 3.65% | 0.65x | 1.66x | ₪-15.44 Million |
| 2023 | -2.51% | -4.85% | 0.36x | 1.46x | ₪-31.64 Million |
| 2024 | -1.17% | -2.09% | 0.34x | 1.67x | ₪-28.22 Million |
Industry Comparison
This section compares Bait Vegag Real Estate Development Ltd's net assets metrics with peer companies in the Residential Construction industry.
Industry Context
- Industry: Residential Construction
- Average net assets among peers: $384,722,667
- Average return on equity (ROE) among peers: 6.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bait Vegag Real Estate Development Ltd (BVGG) | ₪242.36 Million | 0.00% | 2.03x | $107.76 Million |
| Almogim Holdings Ltd (ALMA) | $139.18 Million | 6.41% | 3.86x | $1.32 Million |
| Azorim Investment Development and Construction Co Ltd (AZRM) | $1.15 Billion | 4.64% | 1.43x | $13.62 Million |
| Y.H. Dimri Construction & Development Ltd (DIMRI) | $778.43 Million | 10.87% | 2.88x | $22.91 Million |
| Duniec (DUNI) | $80.60 Million | 0.00% | 1.29x | $5.67 Million |
| Rotshtein (ROTS) | $60.73 Million | -9.91% | 11.66x | $4.10 Million |
| Rotem Shani Entrepreneurship and Investments Ltd (RTSN) | $96.84 Million | 29.35% | 4.04x | $1.24 Million |