Dorsel Holdings Ltd
Dorsel Holdings Ltd engages in the construction, development, and rental of real estate properties in Israel and internationally. It also owns industrial, commercial, and logistics office buildings. The company was incorporated in 1995 and is based in Petah Tikva, Israel.
Dorsel Holdings Ltd (DRSH) - Net Assets
Latest net assets as of September 2025: ₪559.69 Million ILS
Based on the latest financial reports, Dorsel Holdings Ltd (DRSH) has net assets worth ₪559.69 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 (₪1.35 Billion) and total liabilities (₪791.11 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 | ₪559.69 Million |
| % of Total Assets | 41.43% |
| Annual Growth Rate | 13.46% |
| 5-Year Change | 60.34% |
| 10-Year Change | 208.01% |
| Growth Volatility | 6.46 |
Dorsel Holdings Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Dorsel Holdings 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 Dorsel Holdings Ltd (2012–2024)
The table below shows the annual net assets of Dorsel Holdings Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ₪528.10 Million | +10.69% |
| 2023-12-31 | ₪477.11 Million | +7.91% |
| 2022-12-31 | ₪442.13 Million | +20.13% |
| 2021-12-31 | ₪368.04 Million | +11.74% |
| 2020-12-31 | ₪329.36 Million | +6.89% |
| 2019-12-31 | ₪308.14 Million | +6.87% |
| 2018-12-31 | ₪288.34 Million | +23.61% |
| 2017-12-31 | ₪233.27 Million | +12.36% |
| 2016-12-31 | ₪207.60 Million | +21.08% |
| 2015-12-31 | ₪171.46 Million | +18.81% |
| 2014-12-31 | ₪144.31 Million | +19.89% |
| 2013-12-31 | ₪120.37 Million | +3.68% |
| 2012-12-31 | ₪116.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Dorsel Holdings 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 498.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₪493.00 Million | 94.33% |
| Common Stock | ₪226.00K | 0.04% |
| Other Comprehensive Income | ₪-2.49 Million | -0.48% |
| Other Components | ₪31.90 Million | 6.10% |
| Total Equity | ₪522.63 Million | 100.00% |
Dorsel Holdings Ltd Competitors by Market Cap
The table below lists competitors of Dorsel Holdings Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
IDUN INDUSTRIER AB B
F:1W6
|
$149.19 Million |
|
Man Infraconstruction Limited
NSE:MANINFRA
|
$149.19 Million |
|
Al Aqar Healthcare Reit
KLSE:5116
|
$149.27 Million |
|
Prince Pipes And Fittings Limited
NSE:PRINCEPIPE
|
$149.34 Million |
|
Eledon Pharmaceuticals Inc
NASDAQ:ELDN
|
$149.17 Million |
|
Gencor Industries Inc
NYSE MKT:GENC
|
$149.13 Million |
|
Fifth Era Acquisition Corp I Class A Ordinary Shares
NASDAQ:FERA
|
$149.11 Million |
|
BNC Korea Co. Ltd
KQ:256840
|
$149.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dorsel Holdings Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 471,087,000 to 522,632,000, a change of 51,545,000 (10.9%).
- Net income of 67,112,000 contributed positively to equity growth.
- Dividend payments of 7,568,000 reduced retained earnings.
- Share repurchases of 1,119,000 reduced equity.
- Other comprehensive income decreased equity by 2,491,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₪67.11 Million | +12.84% |
| Dividends Paid | ₪7.57 Million | -1.45% |
| Share Repurchases | ₪1.12 Million | -0.21% |
| Other Comprehensive Income | ₪-2.49 Million | -0.48% |
| Other Changes | ₪-4.39 Million | -0.84% |
| Total Change | ₪- | 10.94% |
Book Value vs Market Value Analysis
This analysis compares Dorsel Holdings 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: 104.34x
- 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 439.72x to 104.34x 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 | ₪5.50 | ₪2418.00 | x |
| 2013-12-31 | ₪5.70 | ₪2418.00 | x |
| 2014-12-31 | ₪6.84 | ₪2418.00 | x |
| 2015-12-31 | ₪8.12 | ₪2418.00 | x |
| 2016-12-31 | ₪9.75 | ₪2418.00 | x |
| 2017-12-31 | ₪10.45 | ₪2418.00 | x |
| 2018-12-31 | ₪12.89 | ₪2418.00 | x |
| 2019-12-31 | ₪13.66 | ₪2418.00 | x |
| 2020-12-31 | ₪14.60 | ₪2418.00 | x |
| 2021-12-31 | ₪16.32 | ₪2418.00 | x |
| 2022-12-31 | ₪19.60 | ₪2418.00 | x |
| 2023-12-31 | ₪20.89 | ₪2418.00 | x |
| 2024-12-31 | ₪23.17 | ₪2418.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dorsel Holdings 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): 12.84%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 76.20%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 2.61x
- Recent ROE (12.84%) is below the historical average (14.66%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 10.93% | 62.19% | 0.08x | 2.17x | ₪1.08 Million |
| 2013 | 9.36% | 47.41% | 0.09x | 2.23x | ₪-768.70K |
| 2014 | 20.06% | 113.49% | 0.05x | 3.23x | ₪14.51 Million |
| 2015 | 19.33% | 73.00% | 0.10x | 2.69x | ₪16.00 Million |
| 2016 | 18.23% | 83.16% | 0.08x | 2.84x | ₪17.09 Million |
| 2017 | 13.57% | 60.43% | 0.09x | 2.64x | ₪8.34 Million |
| 2018 | 22.19% | 120.10% | 0.08x | 2.28x | ₪35.14 Million |
| 2019 | 10.97% | 58.76% | 0.08x | 2.28x | ₪2.99 Million |
| 2020 | 7.96% | 45.37% | 0.08x | 2.26x | ₪-6.72 Million |
| 2021 | 14.74% | 85.39% | 0.07x | 2.61x | ₪17.45 Million |
| 2022 | 21.58% | 126.74% | 0.06x | 2.65x | ₪51.22 Million |
| 2023 | 8.77% | 50.33% | 0.07x | 2.41x | ₪-5.81 Million |
| 2024 | 12.84% | 76.20% | 0.06x | 2.61x | ₪14.85 Million |
Industry Comparison
This section compares Dorsel Holdings 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: $1,446,611,700
- Average return on equity (ROE) among peers: 7.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dorsel Holdings Ltd (DRSH) | ₪559.69 Million | 10.93% | 1.41x | $149.18 Million |
| Adgar Investments and Development Ltd (ADGR) | $361.56 Million | 2.49% | 3.61x | $2.29 Million |
| Afi Properties Ltd (AFPR) | $2.65 Billion | 0.70% | 1.64x | $28.31 Million |
| Alony Hetz Properties and Investments Ltd (ALHE) | $3.69 Billion | 9.36% | 1.78x | $21.23 Million |
| Amot Investments Ltd (AMOT) | $2.84 Billion | 8.16% | 1.78x | $30.57 Million |
| Argo Properties NV (ARGO) | $419.42 Million | 8.39% | 1.00x | $7.87 Million |
| Ari Real Estate Arena Investment Ltd (ARIN) | $-524.00K | 0.00% | 0.00x | $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) | $3.90 Billion | 4.78% | 1.71x | $52.08 Million |
| Buligo Capital Ltd (BLGO) | $60.63 Million | 31.49% | 0.06x | $1.27 Million |