Icon Group
iCon Group Ltd engages in importing and distributing Apple products in Israel. The company offers Apple watch, iPad, iPhone, Mac, iPod, Apple TV, airpods, and accessories. iCon Group Ltd sells Apple products to retail chains, distributors, dealers, cell phone stores, and others. The company was incorporated in 2007 is headquartered in Tel Aviv, Israel.
Icon Group (ICON) - Net Assets
Latest net assets as of September 2025: ILA284.56 Million ILA
Based on the latest financial reports, Icon Group (ICON) has net assets worth ILA284.56 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 (ILA648.99 Million) and total liabilities (ILA364.43 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 | ILA284.56 Million |
| % of Total Assets | 43.85% |
| Annual Growth Rate | 33.19% |
| 5-Year Change | 237.58% |
| 10-Year Change | N/A |
| Growth Volatility | 44.12 |
Icon Group - Net Assets Trend (2018–2024)
This chart illustrates how Icon Group's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Icon Group (2018–2024)
The table below shows the annual net assets of Icon Group from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ILA262.73 Million | +8.61% |
| 2023-12-31 | ILA241.91 Million | +11.44% |
| 2022-12-31 | ILA217.08 Million | +18.83% |
| 2021-12-31 | ILA182.69 Million | +134.74% |
| 2020-12-31 | ILA77.83 Million | +18.46% |
| 2019-12-31 | ILA65.70 Million | +39.63% |
| 2018-12-31 | ILA47.05 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Icon Group'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 380.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ILA168.79 Million | 64.72% |
| Other Components | ILA92.03 Million | 35.28% |
| Total Equity | ILA260.82 Million | 100.00% |
Icon Group Competitors by Market Cap
The table below lists competitors of Icon Group ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TARGET (DYH.SG)
STU:DYH
|
$952.38K |
|
Carawine Resources Ltd
AU:CWX
|
$952.41K |
|
California-Engels Mining Company
PINK:CAEN
|
$953.18K |
|
ADP (W7L.SG)
STU:W7L
|
$954.34K |
|
Montero Mining and Exploration Ltd
PINK:MXTRF
|
$951.50K |
|
Ridgestone Mining Inc
PINK:RIGMF
|
$951.07K |
|
CSP Steel Center Public Company Limited
BK:CSP
|
$950.75K |
|
Quhuo Ltd
NASDAQ:QH
|
$950.17K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Icon Group's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 240,297,000 to 260,821,000, a change of 20,524,000 (8.5%).
- Net income of 36,165,000 contributed positively to equity growth.
- Dividend payments of 17,000,000 reduced retained earnings.
- New share issuances of 323,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ILA36.16 Million | +13.87% |
| Dividends Paid | ILA17.00 Million | -6.52% |
| Share Issuances | ILA323.00K | +0.12% |
| Other Changes | ILA1.04 Million | +0.4% |
| Total Change | ILA- | 8.54% |
Book Value vs Market Value Analysis
This analysis compares Icon Group'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: 139.90x
- 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 686.88x to 139.90x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | ILA0.89 | ILA607.90 | x |
| 2019-12-31 | ILA1.24 | ILA607.90 | x |
| 2020-12-31 | ILA1.46 | ILA607.90 | x |
| 2021-12-31 | ILA3.16 | ILA607.90 | x |
| 2022-12-31 | ILA3.78 | ILA607.90 | x |
| 2023-12-31 | ILA4.23 | ILA607.90 | x |
| 2024-12-31 | ILA4.35 | ILA607.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Icon Group 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): 13.87%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.26%
- • Asset Turnover: 1.89x
- • Equity Multiplier: 3.23x
- Recent ROE (13.87%) is below the historical average (32.78%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 40.79% | 2.77% | 2.85x | 5.16x | ILA14.49 Million |
| 2019 | 47.00% | 3.83% | 2.44x | 5.03x | ILA24.31 Million |
| 2020 | 55.20% | 4.43% | 2.92x | 4.27x | ILA35.18 Million |
| 2021 | 37.56% | 4.83% | 2.71x | 2.87x | ILA50.36 Million |
| 2022 | 21.42% | 3.08% | 2.45x | 2.83x | ILA24.98 Million |
| 2023 | 13.62% | 2.27% | 2.56x | 2.35x | ILA8.70 Million |
| 2024 | 13.87% | 2.26% | 1.89x | 3.23x | ILA10.08 Million |
Industry Comparison
This section compares Icon Group's net assets metrics with peer companies in the Electronics & Computer Distribution industry.
Industry Context
- Industry: Electronics & Computer Distribution
- Average net assets among peers: $146,339,000
- Average return on equity (ROE) among peers: 8.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Icon Group (ICON) | ILA284.56 Million | 40.79% | 1.28x | $952.10K |
| Accel Solutions Group Ltd (ACCL) | $129.74 Million | 6.51% | 0.68x | $846.05K |
| Brimag -L (BRMG) | $223.62 Million | 17.45% | 1.06x | $631.90K |
| Ralco Agencies Ltd (RLCO) | $16.20 Million | 0.00% | 2.77x | $500.79K |
| STG International Ltd (STG) | $70.10 Million | 7.24% | 0.37x | $907.80K |
| Telsys (TLSY) | $292.03 Million | 9.44% | 0.50x | $4.86 Million |