Ginegar
Ginegar Plastic Products Ltd. provides smart covers for agricultural, horticulture, and industrial needs worldwide. The company offers suncover, driplock, suntherm, sunsaver, and overwinter films used in tunnel and greenhouse applications; low tunnels; greenhouse covers; mulch films; silage covers and geomembranes, as well as solarization films and Ozguard products. It also provides shading, wind… Read more
Ginegar (GNGR) - Net Assets
Latest net assets as of September 2025: ILA197.54 Million ILA
Based on the latest financial reports, Ginegar (GNGR) has net assets worth ILA197.54 Million ILA as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ILA674.23 Million) and total liabilities (ILA476.69 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 | ILA197.54 Million |
| % of Total Assets | 29.3% |
| Annual Growth Rate | 3.65% |
| 5-Year Change | -12.0% |
| 10-Year Change | 12.93% |
| Growth Volatility | 6.16 |
Ginegar - Net Assets Trend (2007–2024)
This chart illustrates how Ginegar's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ginegar (2007–2024)
The table below shows the annual net assets of Ginegar from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ILA208.77 Million | -5.55% |
| 2023-12-31 | ILA221.04 Million | +1.95% |
| 2022-12-31 | ILA216.81 Million | -10.79% |
| 2021-12-31 | ILA243.03 Million | +2.44% |
| 2020-12-31 | ILA237.25 Million | +7.41% |
| 2019-12-31 | ILA220.88 Million | +3.26% |
| 2018-12-31 | ILA213.91 Million | +3.33% |
| 2017-12-31 | ILA207.01 Million | +10.31% |
| 2016-12-31 | ILA187.67 Million | +1.52% |
| 2015-12-31 | ILA184.86 Million | +4.27% |
| 2014-12-31 | ILA177.28 Million | -3.97% |
| 2013-12-31 | ILA184.62 Million | +3.06% |
| 2012-12-31 | ILA179.13 Million | +12.55% |
| 2011-12-31 | ILA159.16 Million | +11.05% |
| 2010-12-31 | ILA143.32 Million | +9.84% |
| 2009-12-31 | ILA130.48 Million | +3.58% |
| 2008-12-31 | ILA125.97 Million | +10.92% |
| 2007-12-31 | ILA113.57 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ginegar'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 197.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ILA149.31 Million | 71.77% |
| Common Stock | ILA152.00K | 0.07% |
| Other Comprehensive Income | ILA-16.78 Million | -8.06% |
| Other Components | ILA75.35 Million | 36.22% |
| Total Equity | ILA208.04 Million | 100.00% |
Ginegar Competitors by Market Cap
The table below lists competitors of Ginegar ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MUTUIONLINE
BE:MNL
|
$317.95K |
|
Altamira Therapeutics Ltd
NASDAQ:CYTO
|
$317.98K |
|
COLRUYT
BE:EFC1
|
$318.19K |
|
PILGRIMS PRIDE
BE:6PP
|
$318.26K |
|
Gruppo Mutuionline SpA
STU:MNL
|
$317.50K |
|
NATURENERGIE
SW:NEAG
|
$317.47K |
|
Global Innovative Platforms Inc
PINK:GIPL
|
$317.02K |
|
NEXT-ChemX Corporation
PINK:CHMX
|
$316.87K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ginegar's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 221,039,000 to 208,038,000, a change of -13,001,000 (-5.9%).
- Net income of 9,078,000 contributed positively to equity growth.
- Dividend payments of 15,000,000 reduced retained earnings.
- Other comprehensive income decreased equity by 7,286,999.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ILA9.08 Million | +4.36% |
| Dividends Paid | ILA15.00 Million | -7.21% |
| Other Comprehensive Income | ILA-7.29 Million | -3.5% |
| Other Changes | ILA208.00K | +0.1% |
| Total Change | ILA- | -5.88% |
Book Value vs Market Value Analysis
This analysis compares Ginegar'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: 55.17x
- 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 67.89x to 55.17x 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 | ILA11.65 | ILA790.80 | x |
| 2013-12-31 | ILA12.23 | ILA790.80 | x |
| 2014-12-31 | ILA11.67 | ILA790.80 | x |
| 2015-12-31 | ILA12.19 | ILA790.80 | x |
| 2016-12-31 | ILA12.35 | ILA790.80 | x |
| 2017-12-31 | ILA13.66 | ILA790.80 | x |
| 2018-12-31 | ILA14.07 | ILA790.80 | x |
| 2019-12-31 | ILA14.50 | ILA790.80 | x |
| 2020-12-31 | ILA15.64 | ILA790.80 | x |
| 2021-12-31 | ILA16.00 | ILA790.80 | x |
| 2022-12-31 | ILA14.25 | ILA790.80 | x |
| 2023-12-31 | ILA14.56 | ILA790.80 | x |
| 2024-12-31 | ILA14.33 | ILA790.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ginegar 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): 4.36%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.46%
- • Asset Turnover: 0.97x
- • Equity Multiplier: 3.08x
- Recent ROE (4.36%) is below the historical average (9.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 13.13% | 4.65% | 0.58x | 4.87x | ILA3.56 Million |
| 2008 | 12.88% | 2.85% | 1.04x | 4.35x | ILA3.62 Million |
| 2009 | 2.49% | 0.64% | 0.98x | 3.97x | ILA-9.80 Million |
| 2010 | 12.46% | 3.24% | 1.05x | 3.65x | ILA3.52 Million |
| 2011 | 12.27% | 3.01% | 1.08x | 3.76x | ILA3.62 Million |
| 2012 | 17.35% | 8.54% | 0.55x | 3.66x | ILA13.16 Million |
| 2013 | 9.00% | 3.85% | 0.64x | 3.63x | ILA-1.85 Million |
| 2014 | 11.74% | 4.74% | 0.98x | 2.54x | ILA3.09 Million |
| 2015 | 14.85% | 5.74% | 1.02x | 2.52x | ILA8.97 Million |
| 2016 | 19.27% | 7.72% | 0.93x | 2.70x | ILA17.40 Million |
| 2017 | 14.56% | 5.95% | 0.86x | 2.83x | ILA9.45 Million |
| 2018 | 8.10% | 3.28% | 0.84x | 2.93x | ILA-4.06 Million |
| 2019 | 7.04% | 2.88% | 0.89x | 2.75x | ILA-6.54 Million |
| 2020 | 10.23% | 4.48% | 0.89x | 2.56x | ILA539.20K |
| 2021 | 9.31% | 3.65% | 0.92x | 2.77x | ILA-1.67 Million |
| 2022 | -8.42% | -2.91% | 0.94x | 3.08x | ILA-39.94 Million |
| 2023 | -0.14% | -0.05% | 0.91x | 2.97x | ILA-22.41 Million |
| 2024 | 4.36% | 1.46% | 0.97x | 3.08x | ILA-11.73 Million |
Industry Comparison
This section compares Ginegar's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $49,312,500
- Average return on equity (ROE) among peers: 18.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ginegar (GNGR) | ILA197.54 Million | 13.13% | 2.41x | $317.55K |
| Avgol Industries 1953 Ltd (AVGL) | $2.32 Million | 0.00% | 389.28x | $986.06K |
| Spuntech (SPNTC) | $96.31 Million | 36.47% | 2.76x | $546.62K |