Golan Plastic
Golan Plastic Products Ltd develops, produces, distributes, and sells cross-linked polyethylene PEX piping systems in Israel, Europe, Scandinavia, Asia, North America, and South America. The company provides pipes, fittings, and accessories for systems. It also offers screw and crimping fittings, and fax pipes for underfloor heating and heating systems, neighborhood and municipal water systems, m… Read more
Golan Plastic (GLPL) - Net Assets
Latest net assets as of March 2024: ILA310.65 Million ILA
Based on the latest financial reports, Golan Plastic (GLPL) has net assets worth ILA310.65 Million ILA as of March 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ILA506.51 Million) and total liabilities (ILA195.87 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 | ILA310.65 Million |
| % of Total Assets | 61.33% |
| Annual Growth Rate | 14.56% |
| 5-Year Change | 44.64% |
| 10-Year Change | 79.87% |
| Growth Volatility | 40.01 |
Golan Plastic - Net Assets Trend (2004–2023)
This chart illustrates how Golan Plastic's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Golan Plastic (2004–2023)
The table below shows the annual net assets of Golan Plastic from 2004 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | ILA305.90 Million | +4.43% |
| 2022-12-31 | ILA292.94 Million | +19.17% |
| 2021-12-31 | ILA245.82 Million | +6.17% |
| 2020-12-31 | ILA231.53 Million | +9.48% |
| 2019-12-31 | ILA211.49 Million | +4.18% |
| 2018-12-31 | ILA203.00 Million | +3.96% |
| 2017-12-31 | ILA195.27 Million | +8.25% |
| 2016-12-31 | ILA180.39 Million | +4.98% |
| 2015-12-31 | ILA171.83 Million | +1.04% |
| 2014-12-31 | ILA170.07 Million | +1.63% |
| 2013-12-31 | ILA167.34 Million | +2.66% |
| 2012-12-31 | ILA163.01 Million | +5.74% |
| 2011-12-31 | ILA154.16 Million | +6.06% |
| 2010-12-31 | ILA145.35 Million | +7.38% |
| 2009-12-31 | ILA135.36 Million | +8.22% |
| 2008-12-31 | ILA125.08 Million | +19.56% |
| 2006-12-31 | ILA104.61 Million | +65.05% |
| 2005-12-31 | ILA63.38 Million | +173.89% |
| 2004-12-31 | ILA23.14 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Golan Plastic'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 18450700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ILA184.51 Million | 63.14% |
| Common Stock | ILA34.23 Million | 11.71% |
| Other Comprehensive Income | ILA-4.89 Million | -1.67% |
| Other Components | ILA78.40 Million | 26.83% |
| Total Equity | ILA292.24 Million | 100.00% |
Golan Plastic Competitors by Market Cap
The table below lists competitors of Golan Plastic ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Linear Minerals Corp.
OTCQB:LINMF
|
$779.56K |
|
HASBRO INC - Dusseldorf Stock Exchang
DU:HAS
|
$779.59K |
|
ULTRA LITHIUM
F:QFB
|
$779.85K |
|
H&E EQUIPMENT SVCS
BE:H6P
|
$780.22K |
|
Perfect World Company. Ltd. (ADR)
NYSE:PWRD
|
$779.24K |
|
Athena Gold Corp
OTCQB:AHNR
|
$779.22K |
|
New Energy Metals Corp.
OTCQB:NRGYF
|
$778.42K |
|
TEXAS CAP BANC
MU:TCA
|
$777.34K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Golan Plastic's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 287,603,000 to 292,241,000, a change of 4,638,000 (1.6%).
- Net income of 38,436,000 contributed positively to equity growth.
- Dividend payments of 36,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 2,465,000.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ILA38.44 Million | +13.15% |
| Dividends Paid | ILA36.00 Million | -12.32% |
| Other Comprehensive Income | ILA2.46 Million | +0.84% |
| Other Changes | ILA-263.00K | -0.09% |
| Total Change | ILA- | 1.61% |
Book Value vs Market Value Analysis
This analysis compares Golan Plastic'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: 112.20x
- 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 156.36x to 112.20x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ILA6.13 | ILA957.90 | x |
| 2020-12-31 | ILA6.50 | ILA957.90 | x |
| 2021-12-31 | ILA7.00 | ILA957.90 | x |
| 2022-12-31 | ILA8.34 | ILA957.90 | x |
| 2023-12-31 | ILA8.54 | ILA957.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Golan Plastic 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): 13.15%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.93%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 1.72x
- Recent ROE (13.15%) is above the historical average (11.86%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 14.34% | 9.40% | 0.92x | 1.66x | ILA6.31 Million |
| 2011 | 14.28% | 8.12% | 1.04x | 1.69x | ILA6.60 Million |
| 2012 | 11.93% | 6.73% | 1.02x | 1.74x | ILA3.14 Million |
| 2013 | 5.66% | 3.50% | 0.95x | 1.71x | ILA-7.26 Million |
| 2014 | 6.21% | 3.92% | 0.89x | 1.77x | ILA-6.45 Million |
| 2015 | 9.23% | 5.79% | 0.98x | 1.63x | ILA-1.32 Million |
| 2016 | 10.92% | 7.06% | 0.95x | 1.63x | ILA1.65 Million |
| 2017 | 14.87% | 9.18% | 1.00x | 1.62x | ILA9.48 Million |
| 2018 | 9.70% | 6.07% | 1.01x | 1.58x | ILA-615.20K |
| 2019 | 11.24% | 7.13% | 0.82x | 1.92x | ILA2.61 Million |
| 2020 | 13.22% | 9.02% | 0.74x | 1.98x | ILA7.25 Million |
| 2021 | 16.72% | 10.79% | 0.84x | 1.84x | ILA16.24 Million |
| 2022 | 14.62% | 10.14% | 0.84x | 1.73x | ILA13.29 Million |
| 2023 | 13.15% | 8.93% | 0.86x | 1.72x | ILA9.21 Million |
Industry Comparison
This section compares Golan Plastic's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $389,175,400
- Average return on equity (ROE) among peers: 8.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Golan Plastic (GLPL) | ILA310.65 Million | 14.34% | 0.63x | $779.35K |
| Birman Wood and Hardware Ltd (BIRM) | $74.88 Million | 0.00% | 2.70x | $369.22K |
| Rav Bariach 08 Industries Ltd (BRIH) | $248.07 Million | 3.03% | 3.49x | $1.39 Million |
| Hamat Group Ltd (HAMAT) | $367.80 Million | 24.57% | 1.77x | $1.77 Million |
| Palram (PLRM) | $493.71 Million | 3.18% | 1.04x | $3.75 Million |
| Plasson Indus (PLSN) | $761.42 Million | 10.64% | 0.83x | $4.87 Million |