Cellcom Israel Ltd (CEL) - Net Assets

Latest as of September 2025: ILA2.67 Billion ILA ≈ $7.14 Million USD

Based on the latest financial reports, Cellcom Israel Ltd (CEL) has net assets worth ILA2.67 Billion ILA (≈ $7.14 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 (ILA6.17 Billion ≈ $16.53 Million USD) and total liabilities (ILA3.50 Billion ≈ $9.39 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 Cellcom Israel Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	ILA2.67 Billion
% of Total Assets	43.21%
Annual Growth Rate	-1.24%
5-Year Change	30.43%
10-Year Change	106.92%
Growth Volatility	73.04

Cellcom Israel Ltd - Net Assets Trend (2004–2024)

This chart illustrates how Cellcom Israel Ltd's net assets have evolved over time, based on quarterly financial data. See CEL defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Cellcom Israel Ltd (2004–2024)

The table below shows the annual net assets of Cellcom Israel Ltd from 2004 to 2024. For live valuation and market cap data, see Cellcom Israel Ltd (CEL) market capitalisation.

Year	Net Assets	Change
2024-12-31	ILA2.45 Billion ≈ $6.57 Million	+8.35%
2023-12-31	ILA2.26 Billion ≈ $6.07 Million	+7.56%
2022-12-31	ILA2.10 Billion ≈ $5.64 Million	+9.53%
2021-12-31	ILA1.92 Billion ≈ $5.15 Million	+2.18%
2020-12-31	ILA1.88 Billion ≈ $5.04 Million	-0.37%
2019-12-31	ILA1.89 Billion ≈ $5.06 Million	+12.52%
2018-12-31	ILA1.68 Billion ≈ $4.50 Million	+16.38%
2017-12-31	ILA1.44 Billion ≈ $3.86 Million	+7.54%
2016-12-31	ILA1.34 Billion ≈ $3.59 Million	+13.08%
2015-12-31	ILA1.19 Billion ≈ $3.18 Million	+8.52%
2014-12-31	ILA1.09 Billion ≈ $2.93 Million	+53.80%
2013-12-31	ILA710.00 Million ≈ $1.90 Million	+42.00%
2012-12-31	ILA500.00 Million ≈ $1.34 Million	+167.38%
2011-12-31	ILA187.00 Million ≈ $501.34K	-82.97%
2010-12-31	ILA1.10 Billion ≈ $2.94 Million	+193.66%
2009-12-31	ILA374.00 Million ≈ $1.00 Million	+9.83%
2008-12-31	ILA340.52 Million ≈ $912.93K	-59.11%
2007-12-31	ILA832.85 Million ≈ $2.23 Million	+170.83%
2006-12-31	ILA307.51 Million ≈ $824.43K	-92.12%
2005-12-31	ILA3.90 Billion ≈ $10.46 Million	+23.98%
2004-12-31	ILA3.15 Billion ≈ $8.44 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Cellcom Israel 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 165800000000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	ILA1.66 Billion	67.62%
Common Stock	ILA2.00 Million	0.08%
Other Components	ILA792.00 Million	32.30%
Total Equity	ILA2.45 Billion	100.00%

Cellcom Israel Ltd Competitors by Market Cap

The table below lists competitors of Cellcom Israel Ltd ranked by their market capitalization.

Company	Market Cap
ERAMET EO 305 ADR 1/10 F:ER70	$1.44 Billion
Sunstone Development Co Ltd SHG:603612	$1.44 Billion
Castellana Properties Socimi MC:YCPS	$1.44 Billion
Machvision Inc TW:3563	$1.44 Billion
Res Robex Inc V:RBX	$1.44 Billion
Beijing Qianjing Landscape Co SHG:603778	$1.44 Billion
Hyundai Green Food Co Ltd KO:005440	$1.44 Billion
Apollo Commercial Real Estate Finance Inc NYSE:ARI	$1.44 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Cellcom Israel Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 2,263,000,000 to 2,452,000,000, a change of 189,000,000 (8.4%).
Net income of 173,000,000 contributed positively to equity growth.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	ILA173.00 Million	+7.06%
Other Changes	ILA16.00 Million	+0.65%
Total Change	ILA-	8.35%

Book Value vs Market Value Analysis

This analysis compares Cellcom Israel 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: 216.65x
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 increased from 183.89x to 216.65x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2001-12-31	ILA17.37	ILA3195.00	x
2002-12-31	ILA21.68	ILA3195.00	x
2004-12-31	ILA32.27	ILA3195.00	x
2005-12-31	ILA40.01	ILA3195.00	x
2006-12-31	ILA3.15	ILA3195.00	x
2007-12-31	ILA8.46	ILA3195.00	x
2008-12-31	ILA3.43	ILA3195.00	x
2009-12-31	ILA3.77	ILA3195.00	x
2010-12-31	ILA11.00	ILA3195.00	x
2011-12-31	ILA1.84	ILA3195.00	x
2012-12-31	ILA5.00	ILA3195.00	x
2013-12-31	ILA7.05	ILA3195.00	x
2014-12-31	ILA10.68	ILA3195.00	x
2015-12-31	ILA11.62	ILA3195.00	x
2016-12-31	ILA13.13	ILA3195.00	x
2017-12-31	ILA14.24	ILA3195.00	x
2018-12-31	ILA15.58	ILA3195.00	x
2019-12-31	ILA15.92	ILA3195.00	x
2020-12-31	ILA12.23	ILA3195.00	x
2021-12-31	ILA11.74	ILA3195.00	x
2022-12-31	ILA12.66	ILA3195.00	x
2023-12-31	ILA13.65	ILA3195.00	x
2024-12-31	ILA14.75	ILA3195.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Cellcom Israel 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): 7.06%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 3.89%
• Asset Turnover: 0.68x
• Equity Multiplier: 2.65x
Recent ROE (7.06%) is below the historical average (70.90%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2001	33.94%	11.59%	0.88x	3.33x	ILA405.60 Million
2002	19.82%	8.16%	0.85x	2.86x	ILA207.60 Million
2004	19.48%	10.99%	1.05x	1.68x	ILA298.23 Million
2005	13.21%	9.42%	0.73x	1.92x	ILA125.12 Million
2006	167.12%	9.17%	1.14x	15.97x	ILA483.17 Million
2007	105.09%	14.43%	0.96x	7.55x	ILA791.98 Million
2008	287.78%	15.34%	1.18x	15.84x	ILA945.90 Million
2009	316.04%	18.23%	1.02x	17.06x	ILA1.14 Billion
2010	7.76%	6.51%	0.78x	1.53x	ILA-24.55 Million
2011	450.27%	12.67%	0.76x	46.76x	ILA805.70 Million
2012	106.43%	8.93%	0.68x	17.64x	ILA480.20 Million
2013	40.59%	5.83%	0.65x	10.72x	ILA216.30 Million
2014	32.62%	7.68%	0.63x	6.73x	ILA243.40 Million
2015	8.13%	2.27%	0.67x	5.37x	ILA-21.90 Million
2016	11.20%	3.68%	0.60x	5.04x	ILA15.80 Million
2017	7.79%	2.89%	0.64x	4.24x	ILA-31.70 Million
2018	-3.70%	-1.68%	0.55x	4.03x	ILA-229.50 Million
2019	-5.68%	-2.89%	0.52x	3.80x	ILA-295.50 Million
2020	-9.04%	-4.62%	0.51x	3.81x	ILA-358.00 Million
2021	1.41%	0.66%	0.62x	3.42x	ILA-165.10 Million
2022	7.46%	3.65%	0.61x	3.33x	ILA-53.40 Million
2023	5.92%	3.05%	0.66x	2.93x	ILA-92.30 Million
2024	7.06%	3.89%	0.68x	2.65x	ILA-72.20 Million

Industry Comparison

This section compares Cellcom Israel Ltd's net assets metrics with peer companies in the Telecom Services industry.

Industry Context

Industry: Telecom Services
Average net assets among peers: $2,530,750,375
Average return on equity (ROE) among peers: -59.69%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Cellcom Israel Ltd (CEL)	ILA2.67 Billion	33.94%	1.31x	$1.44 Billion
B Communications Ltd (BCOM)	$2.14 Billion	3.50%	6.86x	$745.08 Million
Bezeq Israeli Telecommunication Corp Ltd (BEZQ)	$7.18 Billion	1.69%	1.39x	$5.51 Billion
Discount Investment Corp Ltd (DISI)	$8.89 Billion	11.43%	2.63x	$252.96 Million
Gilat Telecom Global Ltd (GLTL)	$14.44 Million	-37.65%	3.22x	$57.02 Million
Internet Gold Golden Lines Ltd (IGLD)	$4.63 Million	-488.92%	0.74x	$1.23 Million
Nextcom (NXTM)	$106.45 Million	23.31%	2.06x	$54.56 Million
Partner (PTNR)	$1.86 Billion	6.19%	1.90x	$1.92 Billion
Space Com (SCC)	$42.85 Million	2.92%	6.34x	$48.04 Million

About Cellcom Israel Ltd

TA:CEL Israel Telecom Services

Market Cap

$1.44 Billion

ILA537.07 Billion ILA

Market Cap Rank

#7540 Global

#61 in Israel

Share Price

ILA3195.00

Change (1 day)

-2.02%

52-Week Range

ILA2577.00 - ILA4221.00

All Time High

ILA4221.00