Elspec
Elspec Engineering Ltd develops, manufactures, and markets power quality solutions and services to the industrial, commercial, and utility sectors in the United States, Canada, and internationally. The company offers multi-functional digital fault recorders; energy meters; and hand-held, portable, and fixed power quality analyzers, as well as phasor measurement units. It also provides PQSCADA Sap… Read more
Elspec (ELSPC) - Net Assets
Latest net assets as of June 2025: ILA86.62 Million ILA
Based on the latest financial reports, Elspec (ELSPC) has net assets worth ILA86.62 Million ILA as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ILA110.09 Million) and total liabilities (ILA23.47 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 | ILA86.62 Million |
| % of Total Assets | 78.68% |
| Annual Growth Rate | 5.08% |
| 5-Year Change | 35.54% |
| 10-Year Change | 58.69% |
| Growth Volatility | 23.2 |
Elspec - Net Assets Trend (2004–2024)
This chart illustrates how Elspec's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Elspec (2004–2024)
The table below shows the annual net assets of Elspec from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ILA84.25 Million | +10.40% |
| 2023-12-31 | ILA76.31 Million | +16.04% |
| 2022-12-31 | ILA65.77 Million | -0.34% |
| 2021-12-31 | ILA65.99 Million | +6.17% |
| 2020-12-31 | ILA62.16 Million | +7.95% |
| 2019-12-31 | ILA57.58 Million | +15.13% |
| 2018-12-31 | ILA50.01 Million | +9.80% |
| 2017-12-31 | ILA45.55 Million | +10.53% |
| 2016-12-31 | ILA41.21 Million | -22.38% |
| 2015-12-31 | ILA53.09 Million | +0.84% |
| 2014-12-31 | ILA52.65 Million | -4.49% |
| 2013-12-31 | ILA55.12 Million | -21.77% |
| 2012-12-31 | ILA70.46 Million | +8.34% |
| 2011-12-31 | ILA65.03 Million | +4.28% |
| 2010-12-31 | ILA62.37 Million | -7.64% |
| 2009-12-31 | ILA67.53 Million | +24.23% |
| 2008-12-31 | ILA54.35 Million | -30.89% |
| 2007-12-31 | ILA78.64 Million | +3.82% |
| 2006-12-31 | ILA75.75 Million | +30.59% |
| 2005-12-31 | ILA58.01 Million | +85.39% |
| 2004-12-31 | ILA31.29 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Elspec'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 136.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ILA57.27 Million | 67.98% |
| Common Stock | ILA194.00K | 0.23% |
| Other Comprehensive Income | ILA-1.78 Million | -2.12% |
| Other Components | ILA28.57 Million | 33.91% |
| Total Equity | ILA84.25 Million | 100.00% |
Elspec Competitors by Market Cap
The table below lists competitors of Elspec ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CABOT OIL & GAS (XCQ.SG)
STU:XCQ
|
$263.17K |
|
EVN (EVN.SG)
STU:EVN
|
$263.23K |
|
Koshidaka Holdings Company Ltd
OTCGREY:KSHDF
|
$263.31K |
|
Permex Petroleum Corporation
PINK:OILCF
|
$263.31K |
|
Sydinv Formue Offensiv Akk A
CO:SYVFOAKKA
|
$262.82K |
|
MEVIS MEDSOL N
MU:M3V
|
$262.75K |
|
OEKOWORLD AG
STU:VVV3
|
$262.57K |
|
Timah Resources Ltd
AU:TML
|
$262.36K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Elspec's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 76,032,000 to 84,247,000, a change of 8,215,000 (10.8%).
- Net income of 12,726,000 contributed positively to equity growth.
- Dividend payments of 5,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 444,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ILA12.73 Million | +15.11% |
| Dividends Paid | ILA5.00 Million | -5.93% |
| Other Comprehensive Income | ILA444.00K | +0.53% |
| Other Changes | ILA45.00K | +0.05% |
| Total Change | ILA- | 10.80% |
Book Value vs Market Value Analysis
This analysis compares Elspec'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: 112.86x
- 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 141.81x to 112.86x 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 | ILA3.49 | ILA495.00 | x |
| 2013-12-31 | ILA2.69 | ILA495.00 | x |
| 2014-12-31 | ILA2.72 | ILA495.00 | x |
| 2015-12-31 | ILA2.74 | ILA495.00 | x |
| 2016-12-31 | ILA2.07 | ILA495.00 | x |
| 2017-12-31 | ILA2.29 | ILA495.00 | x |
| 2018-12-31 | ILA2.52 | ILA495.00 | x |
| 2019-12-31 | ILA2.95 | ILA495.00 | x |
| 2020-12-31 | ILA3.18 | ILA495.00 | x |
| 2021-12-31 | ILA3.40 | ILA495.00 | x |
| 2022-12-31 | ILA3.39 | ILA495.00 | x |
| 2023-12-31 | ILA3.91 | ILA495.00 | x |
| 2024-12-31 | ILA4.39 | ILA495.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Elspec 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): 15.11%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.62%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 1.35x
- Recent ROE (15.11%) is above the historical average (11.76%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 19.89% | 21.29% | 0.57x | 1.63x | ILA6.68 Million |
| 2010 | 10.67% | 8.79% | 0.94x | 1.29x | ILA415.00K |
| 2011 | 14.70% | 15.77% | 0.71x | 1.31x | ILA3.05 Million |
| 2012 | 15.12% | 15.30% | 0.78x | 1.27x | ILA3.45 Million |
| 2013 | 1.37% | 1.33% | 0.81x | 1.27x | ILA-4.47 Million |
| 2014 | 19.95% | 15.77% | 0.94x | 1.35x | ILA5.21 Million |
| 2015 | 14.88% | 12.43% | 0.92x | 1.30x | ILA2.58 Million |
| 2016 | 8.26% | 5.88% | 0.92x | 1.53x | ILA-710.70K |
| 2017 | 9.59% | 7.88% | 0.84x | 1.45x | ILA-184.30K |
| 2018 | 9.40% | 8.05% | 0.84x | 1.40x | ILA-297.40K |
| 2019 | 15.12% | 11.03% | 0.88x | 1.55x | ILA2.93 Million |
| 2020 | 6.91% | 6.90% | 0.73x | 1.36x | ILA-1.91 Million |
| 2021 | 6.48% | 6.65% | 0.72x | 1.36x | ILA-2.32 Million |
| 2022 | 6.28% | 5.77% | 0.77x | 1.41x | ILA-2.44 Million |
| 2023 | 14.35% | 12.20% | 0.89x | 1.32x | ILA3.30 Million |
| 2024 | 15.11% | 12.62% | 0.89x | 1.35x | ILA4.30 Million |
Industry Comparison
This section compares Elspec's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $710,063,500
- Average return on equity (ROE) among peers: 11.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Elspec (ELSPC) | ILA86.62 Million | 19.89% | 0.27x | $263.13K |
| Arad Investment & Industrial Development Ltd (ARAD) | $1.37 Billion | 6.97% | 3.04x | $2.83 Million |
| Payton -L (PAYT) | $51.72 Million | 16.74% | 0.14x | $1.41 Million |