Direct Finance TA
Direct Finance of Direct Group (2006) Ltd provides consumer credit for vehicles, loans against vehicle liens, loans for various business. The company was incorporated in 2006 and is based in Petah Tikva, Israel.
Direct Finance TA (DIFI) - Net Assets
Latest net assets as of September 2025: ILA1.44 Billion ILA
Based on the latest financial reports, Direct Finance TA (DIFI) has net assets worth ILA1.44 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 (ILA10.07 Billion) and total liabilities (ILA8.63 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 | ILA1.44 Billion |
| % of Total Assets | 14.26% |
| Annual Growth Rate | 10.1% |
| 5-Year Change | 102.8% |
| 10-Year Change | -0.37% |
| Growth Volatility | 56.82 |
Direct Finance TA - Net Assets Trend (2000–2024)
This chart illustrates how Direct Finance TA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Direct Finance TA (2000–2024)
The table below shows the annual net assets of Direct Finance TA from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ILA1.38 Billion | +8.53% |
| 2023-12-31 | ILA1.27 Billion | +7.35% |
| 2022-12-31 | ILA1.18 Billion | +23.65% |
| 2021-12-31 | ILA956.01 Million | +40.77% |
| 2020-12-31 | ILA679.14 Million | +40.92% |
| 2019-12-31 | ILA481.93 Million | +28.30% |
| 2018-12-31 | ILA375.62 Million | +21.92% |
| 2017-12-31 | ILA308.07 Million | -77.20% |
| 2016-12-31 | ILA1.35 Billion | -2.28% |
| 2015-12-31 | ILA1.38 Billion | +5.94% |
| 2014-12-31 | ILA1.30 Billion | +5.60% |
| 2013-12-31 | ILA1.24 Billion | +25.78% |
| 2012-12-31 | ILA982.48 Million | +5.19% |
| 2011-12-31 | ILA933.99 Million | -0.70% |
| 2010-12-31 | ILA940.61 Million | +1.38% |
| 2009-12-31 | ILA927.79 Million | +261.63% |
| 2008-12-31 | ILA256.56 Million | -41.37% |
| 2007-12-31 | ILA437.60 Million | +50.94% |
| 2006-12-31 | ILA289.91 Million | +8.48% |
| 2005-12-31 | ILA267.24 Million | +0.48% |
| 2004-12-31 | ILA265.97 Million | +48.24% |
| 2003-12-31 | ILA179.41 Million | +6.81% |
| 2002-12-31 | ILA167.98 Million | +3.40% |
| 2001-12-31 | ILA162.46 Million | +18.82% |
| 2000-12-31 | ILA136.72 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Direct Finance TA'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 2728.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ILA651.84 Million | 49.32% |
| Common Stock | ILA2.96 Million | 0.22% |
| Other Comprehensive Income | ILA34.96 Million | 2.65% |
| Other Components | ILA631.87 Million | 47.81% |
| Total Equity | ILA1.32 Billion | 100.00% |
Direct Finance TA Competitors by Market Cap
The table below lists competitors of Direct Finance TA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Minaean SP Construction Corp
V:MSP
|
$4.26 Million |
|
PP PRIME Public Company Limited
BK:PPPM
|
$4.26 Million |
|
Forza Land Indonesia Tbk PT
JK:FORZ
|
$4.26 Million |
|
AB Panevezio Statybos Trestas
STU:YK3
|
$4.27 Million |
|
Rhone Ma Holdings Bhd
KLSE:5278
|
$4.26 Million |
|
New Age Exploration Ltd
AU:NAE
|
$4.25 Million |
|
Lendway Inc.
NASDAQ:LDWY
|
$4.25 Million |
|
Mynaric AG
PINK:MOYFF
|
$4.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Direct Finance TA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,236,894,000 to 1,321,622,000, a change of 84,728,000 (6.9%).
- Net income of 141,100,000 contributed positively to equity growth.
- Dividend payments of 63,347,000 reduced retained earnings.
- Other comprehensive income increased equity by 34,956,999.
- Other factors decreased equity by 27,981,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ILA141.10 Million | +10.68% |
| Dividends Paid | ILA63.35 Million | -4.79% |
| Other Comprehensive Income | ILA34.96 Million | +2.65% |
| Other Changes | ILA-27.98 Million | -2.12% |
| Total Change | ILA- | 6.85% |
Book Value vs Market Value Analysis
This analysis compares Direct Finance TA'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: 110.21x
- 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 171.73x to 110.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ILA286.62 | ILA49220.00 | x |
| 2017-12-31 | ILA140.16 | ILA49220.00 | x |
| 2018-12-31 | ILA167.25 | ILA49220.00 | x |
| 2019-12-31 | ILA205.48 | ILA49220.00 | x |
| 2020-12-31 | ILA292.10 | ILA49220.00 | x |
| 2021-12-31 | ILA363.78 | ILA49220.00 | x |
| 2022-12-31 | ILA449.82 | ILA49220.00 | x |
| 2023-12-31 | ILA418.61 | ILA49220.00 | x |
| 2024-12-31 | ILA446.61 | ILA49220.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Direct Finance TA 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): 10.68%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.33%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 6.48x
- Recent ROE (10.68%) is below the historical average (13.66%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 12.85% | 5.91% | 0.38x | 5.73x | ILA3.90 Million |
| 2001 | 13.39% | 4.68% | 0.52x | 5.48x | ILA5.36 Million |
| 2002 | 3.70% | 1.17% | 0.47x | 6.74x | ILA-10.41 Million |
| 2003 | 1.21% | 0.30% | 0.50x | 7.87x | ILA-15.78 Million |
| 2004 | 17.10% | 4.42% | 0.50x | 7.69x | ILA16.15 Million |
| 2005 | 5.55% | 1.28% | 0.44x | 9.94x | ILA-9.80 Million |
| 2006 | 0.86% | 0.21% | 0.41x | 10.29x | ILA-21.74 Million |
| 2007 | 39.03% | 12.05% | 0.48x | 6.69x | ILA118.09 Million |
| 2009 | 13.43% | 5.88% | 0.19x | 12.11x | ILA17.80 Million |
| 2010 | 10.64% | 4.79% | 0.21x | 10.71x | ILA3.92 Million |
| 2012 | 15.06% | 5.38% | 0.23x | 12.11x | ILA29.85 Million |
| 2013 | 11.72% | 4.64% | 0.23x | 11.13x | ILA11.84 Million |
| 2014 | 14.87% | 4.81% | 0.23x | 13.59x | ILA30.49 Million |
| 2015 | 16.08% | 4.75% | 0.25x | 13.54x | ILA39.15 Million |
| 2016 | 6.04% | 15.42% | 0.02x | 16.95x | ILA-23.51 Million |
| 2017 | 18.05% | 13.51% | 0.23x | 5.77x | ILA24.81 Million |
| 2018 | 18.96% | 14.60% | 0.25x | 5.25x | ILA33.65 Million |
| 2019 | 24.05% | 19.23% | 0.22x | 5.70x | ILA67.72 Million |
| 2020 | 10.44% | 14.85% | 0.13x | 5.42x | ILA3.02 Million |
| 2021 | 18.97% | 21.25% | 0.20x | 4.46x | ILA85.72 Million |
| 2022 | 20.68% | 17.88% | 0.20x | 5.70x | ILA126.24 Million |
| 2023 | 10.71% | 9.61% | 0.18x | 6.33x | ILA8.78 Million |
| 2024 | 10.68% | 9.33% | 0.18x | 6.48x | ILA8.94 Million |
Industry Comparison
This section compares Direct Finance TA's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $156,709,503
- Average return on equity (ROE) among peers: 10.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Direct Finance TA (DIFI) | ILA1.44 Billion | 12.85% | 6.01x | $4.26 Million |
| Blackedge Ltd (BLEG) | $31.44 Million | 25.47% | 6.22x | $171.26 Million |
| Blender Financial Technologies Ltd (BLND) | $12.59 Million | -192.17% | 4.09x | $180.33K |
| 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 |