G City Ltd (GCT) - Net Assets
Based on the latest financial reports, G City Ltd (GCT) has net assets worth ILA9.87 Billion ILA (≈ $26.47 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 (ILA34.59 Billion ≈ $92.73 Million USD) and total liabilities (ILA24.71 Billion ≈ $66.26 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 GCT cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ILA9.87 Billion |
| % of Total Assets | 28.54% |
| Annual Growth Rate | 2.51% |
| 5-Year Change | -19.72% |
| 10-Year Change | -67.42% |
| Growth Volatility | 22.29 |
G City Ltd - Net Assets Trend (2005–2024)
This chart illustrates how G City Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of G City Ltd for the complete picture of this company's asset base.
Annual Net Assets for G City Ltd (2005–2024)
The table below shows the annual net assets of G City Ltd from 2005 to 2024. For live valuation and market cap data, see G City Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ILA10.10 Billion ≈ $27.07 Million |
-10.87% |
| 2023-12-31 | ILA11.33 Billion ≈ $30.38 Million |
-5.94% |
| 2022-12-31 | ILA12.04 Billion ≈ $32.29 Million |
-11.14% |
| 2021-12-31 | ILA13.55 Billion ≈ $36.34 Million |
+7.76% |
| 2020-12-31 | ILA12.58 Billion ≈ $33.72 Million |
-22.95% |
| 2019-12-31 | ILA16.33 Billion ≈ $43.77 Million |
-3.72% |
| 2018-12-31 | ILA16.96 Billion ≈ $45.46 Million |
-6.40% |
| 2017-12-31 | ILA18.12 Billion ≈ $48.57 Million |
-46.35% |
| 2016-12-31 | ILA33.77 Billion ≈ $90.53 Million |
+8.95% |
| 2015-12-31 | ILA31.00 Billion ≈ $83.10 Million |
+19.81% |
| 2014-12-31 | ILA25.87 Billion ≈ $69.36 Million |
+15.73% |
| 2013-12-31 | ILA22.35 Billion ≈ $59.93 Million |
-1.31% |
| 2012-12-31 | ILA22.65 Billion ≈ $60.72 Million |
+16.84% |
| 2011-12-31 | ILA19.38 Billion ≈ $51.97 Million |
+27.79% |
| 2010-12-31 | ILA15.17 Billion ≈ $40.67 Million |
+14.34% |
| 2009-12-31 | ILA13.27 Billion ≈ $35.57 Million |
+19.45% |
| 2008-12-31 | ILA11.11 Billion ≈ $29.77 Million |
+62.63% |
| 2006-12-31 | ILA6.83 Billion ≈ $18.31 Million |
+8.34% |
| 2005-12-31 | ILA6.30 Billion ≈ $16.90 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to G City 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 829.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ILA2.45 Billion | 58.52% |
| Common Stock | ILA253.00 Million | 6.05% |
| Other Comprehensive Income | ILA-3.48 Billion | -83.35% |
| Other Components | ILA4.96 Billion | 118.78% |
| Total Equity | ILA4.18 Billion | 100.00% |
G City Ltd Competitors by Market Cap
The table below lists competitors of G City Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TINC Comm VA
BR:TINC
|
$525.58 Million |
|
Tianjin Binhai Energy & Development Co Ltd
SHE:000695
|
$525.65 Million |
|
Xiamen Comfort Science&Technology Group Co Ltd
SHE:002614
|
$525.73 Million |
|
Zhejiang Natural Outdoor Goods Inc.
SHG:605080
|
$525.87 Million |
|
Man Infraconstruction Limited
NSE:MANINFRA
|
$525.39 Million |
|
Rigel Pharmaceuticals Inc
NASDAQ:RIGL
|
$525.38 Million |
|
Gulf Oil Lubricants India Limited
NSE:GULFOILLUB
|
$525.32 Million |
|
Nanjing Central Emporium Group Stocks Co Ltd
SHG:600280
|
$525.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in G City Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,837,000,000 to 4,180,000,000, a change of -657,000,000 (-13.6%).
- Net income of 52,000,000 contributed positively to equity growth.
- Dividend payments of 36,000,000 reduced retained earnings.
- Share repurchases of 57,000,000 reduced equity.
- New share issuances of 268,000,000 increased equity.
- Other comprehensive income decreased equity by 899,000,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ILA52.00 Million | +1.24% |
| Dividends Paid | ILA36.00 Million | -0.86% |
| Share Repurchases | ILA57.00 Million | -1.36% |
| Share Issuances | ILA268.00 Million | +6.41% |
| Other Comprehensive Income | ILA-899.00 Million | -21.51% |
| Other Changes | ILA15.00 Million | +0.36% |
| Total Change | ILA- | -13.58% |
Book Value vs Market Value Analysis
This analysis compares G City 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: 45.99x
- 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 64.82x to 45.99x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | ILA16.03 | ILA1039.00 | x |
| 2006-12-31 | ILA24.07 | ILA1039.00 | x |
| 2008-12-31 | ILA26.61 | ILA1039.00 | x |
| 2009-12-31 | ILA40.01 | ILA1039.00 | x |
| 2010-12-31 | ILA41.84 | ILA1039.00 | x |
| 2011-12-31 | ILA46.10 | ILA1039.00 | x |
| 2012-12-31 | ILA47.57 | ILA1039.00 | x |
| 2013-12-31 | ILA45.52 | ILA1039.00 | x |
| 2014-12-31 | ILA45.44 | ILA1039.00 | x |
| 2015-12-31 | ILA42.06 | ILA1039.00 | x |
| 2016-12-31 | ILA41.71 | ILA1039.00 | x |
| 2017-12-31 | ILA50.94 | ILA1039.00 | x |
| 2018-12-31 | ILA48.30 | ILA1039.00 | x |
| 2019-12-31 | ILA44.11 | ILA1039.00 | x |
| 2020-12-31 | ILA33.31 | ILA1039.00 | x |
| 2021-12-31 | ILA35.01 | ILA1039.00 | x |
| 2022-12-31 | ILA30.52 | ILA1039.00 | x |
| 2023-12-31 | ILA27.32 | ILA1039.00 | x |
| 2024-12-31 | ILA22.59 | ILA1039.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently G City 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): 1.24%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.05%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 8.62x
- Recent ROE (1.24%) is below the historical average (1.78%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 6.88% | 5.98% | 0.11x | 10.90x | ILA-59.45 Million |
| 2006 | 12.61% | 14.16% | 0.11x | 8.44x | ILA74.84 Million |
| 2008 | -32.24% | -25.79% | 0.09x | 13.42x | ILA-1.41 Billion |
| 2009 | 21.22% | 23.53% | 0.09x | 9.93x | ILA582.10 Million |
| 2010 | 13.36% | 14.94% | 0.10x | 8.88x | ILA198.50 Million |
| 2011 | 8.77% | 9.64% | 0.10x | 9.35x | ILA-87.60 Million |
| 2012 | 12.19% | 13.68% | 0.10x | 9.05x | ILA172.10 Million |
| 2013 | 11.88% | 13.60% | 0.10x | 8.71x | ILA146.80 Million |
| 2014 | 0.91% | 1.16% | 0.09x | 8.72x | ILA-729.30 Million |
| 2015 | 8.25% | 8.49% | 0.09x | 11.21x | ILA-131.20 Million |
| 2016 | 9.65% | 16.39% | 0.06x | 10.65x | ILA-28.80 Million |
| 2017 | 4.96% | 17.41% | 0.06x | 4.93x | ILA-500.60 Million |
| 2018 | -2.72% | -8.91% | 0.06x | 5.29x | ILA-1.18 Billion |
| 2019 | 8.00% | 23.80% | 0.06x | 5.20x | ILA-164.10 Million |
| 2020 | -11.74% | -27.14% | 0.06x | 7.26x | ILA-1.21 Billion |
| 2021 | 12.17% | 28.14% | 0.06x | 7.74x | ILA115.30 Million |
| 2022 | -26.71% | -58.18% | 0.06x | 7.85x | ILA-1.84 Billion |
| 2023 | -24.87% | -49.34% | 0.06x | 8.04x | ILA-1.69 Billion |
| 2024 | 1.24% | 2.05% | 0.07x | 8.62x | ILA-366.00 Million |
Industry Comparison
This section compares G City Ltd's net assets metrics with peer companies in the Real Estate - Diversified industry.
Industry Context
- Industry: Real Estate - Diversified
- Average net assets among peers: $1,299,338,750
- Average return on equity (ROE) among peers: 11.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| G City Ltd (GCT) | ILA9.87 Billion | 6.88% | 2.50x | $525.52 Million |
| Alrov Properties & Lodgings Ltd (ALRPR) | $1.13 Billion | 16.94% | 3.81x | $1.48 Billion |
| Mega Or (MGOR) | $313.13 Million | 16.02% | 1.57x | $5.95 Billion |
| Propert & Buil (PTBL) | $3.52 Billion | 7.46% | 3.46x | $704.54 Million |
| Rani Zim Shopping Centers (RANI) | $231.36 Million | 5.92% | 1.66x | $240.02 Million |
About G City Ltd
G City Ltd, through its subsidiaries, engages in the ownership, development, and management of supermarket-anchored urban shopping centers and commercial center and retail-based mixed-use properties in Israel, North America, Brazil, and Northern and Central Europe. The company was formerly known as Gazit-Globe Ltd. and changed its name to G City Ltd in May 2022. G City Ltd was incorporated in 198… Read more