Elspec (ELSPC) - Net Assets

Latest as of June 2025: ILA86.62 Million ILA ≈ $232.23K USD

Based on the latest financial reports, Elspec (ELSPC) has net assets worth ILA86.62 Million ILA (≈ $232.23K USD) 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 ≈ $295.16K USD) and total liabilities (ILA23.47 Million ≈ $62.93K 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 Elspec asset resilience ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore Elspec total assets for the complete picture of this company's asset base.

Annual Net Assets for Elspec (2004–2024)

The table below shows the annual net assets of Elspec from 2004 to 2024. For live valuation and market cap data, see how much is Elspec worth.

Year	Net Assets	Change
2024-12-31	ILA84.25 Million ≈ $225.86K	+10.40%
2023-12-31	ILA76.31 Million ≈ $204.59K	+16.04%
2022-12-31	ILA65.77 Million ≈ $176.32K	-0.34%
2021-12-31	ILA65.99 Million ≈ $176.92K	+6.17%
2020-12-31	ILA62.16 Million ≈ $166.64K	+7.95%
2019-12-31	ILA57.58 Million ≈ $154.37K	+15.13%
2018-12-31	ILA50.01 Million ≈ $134.08K	+9.80%
2017-12-31	ILA45.55 Million ≈ $122.11K	+10.53%
2016-12-31	ILA41.21 Million ≈ $110.47K	-22.38%
2015-12-31	ILA53.09 Million ≈ $142.33K	+0.84%
2014-12-31	ILA52.65 Million ≈ $141.14K	-4.49%
2013-12-31	ILA55.12 Million ≈ $147.77K	-21.77%
2012-12-31	ILA70.46 Million ≈ $188.90K	+8.34%
2011-12-31	ILA65.03 Million ≈ $174.35K	+4.28%
2010-12-31	ILA62.37 Million ≈ $167.20K	-7.64%
2009-12-31	ILA67.53 Million ≈ $181.04K	+24.23%
2008-12-31	ILA54.35 Million ≈ $145.72K	-30.89%
2007-12-31	ILA78.64 Million ≈ $210.84K	+3.82%
2006-12-31	ILA75.75 Million ≈ $203.08K	+30.59%
2005-12-31	ILA58.01 Million ≈ $155.51K	+85.39%
2004-12-31	ILA31.29 Million ≈ $83.88K	--

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
Rexit Bhd KLSE:0106	$25.01 Million
Zamet Industry SA WAR:ZMT	$25.01 Million
Lodzia TA:LODZ	$25.02 Million
THE INX DIGITAL CO.INC. F:FN4	$25.03 Million
Dongkuk Refractories & Steel Co. Ltd KQ:075970	$25.00 Million
Korea Information Engineering Services Co. Ltd KQ:039740	$24.97 Million
Shanyuan Co Ltd TWO:4416	$24.97 Million
Israel Acquisitions Corp Class A NASDAQ:ISRL	$24.97 Million

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: 109.49x
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 137.57x to 109.49x 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	ILA480.20	x
2013-12-31	ILA2.69	ILA480.20	x
2014-12-31	ILA2.72	ILA480.20	x
2015-12-31	ILA2.74	ILA480.20	x
2016-12-31	ILA2.07	ILA480.20	x
2017-12-31	ILA2.29	ILA480.20	x
2018-12-31	ILA2.52	ILA480.20	x
2019-12-31	ILA2.95	ILA480.20	x
2020-12-31	ILA3.18	ILA480.20	x
2021-12-31	ILA3.40	ILA480.20	x
2022-12-31	ILA3.39	ILA480.20	x
2023-12-31	ILA3.91	ILA480.20	x
2024-12-31	ILA4.39	ILA480.20	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: $2,358,127,500
Average return on equity (ROE) among peers: -18.60%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Elspec (ELSPC)	ILA86.62 Million	19.89%	0.27x	$25.01 Million
Arad Investment & Industrial Development Ltd (ARAD)	$9.34 Billion	9.40%	0.15x	$256.57 Million
Gencell Ltd (GNCL)	$41.00K	0.00%	166.63x	$5.61 Million
Payton -L (PAYT)	$33.32 Million	6.43%	0.26x	$167.44 Million
Phinergy Ltd (PNRG)	$60.13 Million	-90.25%	0.25x	$47.64 Million

About Elspec

TA:ELSPC Israel Electrical Equipment & Parts

Market Cap

$25.01 Million

ILA9.33 Billion ILA

Market Cap Rank

#24424 Global

#351 in Israel

Share Price

ILA480.20

Change (1 day)

+0.67%

52-Week Range

ILA410.00 - ILA724.40

All Time High

ILA986.10