Kardan Real Estate Enterprise and Development Ltd (KARE) - Net Assets
Based on the latest financial reports, Kardan Real Estate Enterprise and Development Ltd (KARE) has net assets worth ILA736.43 Million ILA (≈ $1.97 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ILA1.99 Billion ≈ $5.34 Million USD) and total liabilities (ILA1.26 Billion ≈ $3.36 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 how strategically is Kardan Real Estate Enterprise and Develo's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ILA736.43 Million |
| % of Total Assets | 36.98% |
| Annual Growth Rate | 4.91% |
| 5-Year Change | 39.73% |
| 10-Year Change | 74.2% |
| Growth Volatility | 28.65 |
Kardan Real Estate Enterprise and Development Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Kardan Real Estate Enterprise and Development Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of Kardan Real Estate Enterprise and Develo.
Annual Net Assets for Kardan Real Estate Enterprise and Development Ltd (2007–2024)
The table below shows the annual net assets of Kardan Real Estate Enterprise and Development Ltd from 2007 to 2024. Also explore how fast is Kardan Real Estate Enterprise and Develo growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ILA758.43 Million ≈ $2.03 Million |
+3.09% |
| 2023-12-31 | ILA735.72 Million ≈ $1.97 Million |
+5.42% |
| 2022-12-31 | ILA697.88 Million ≈ $1.87 Million |
+15.35% |
| 2021-12-31 | ILA605.01 Million ≈ $1.62 Million |
+11.46% |
| 2020-12-31 | ILA542.80 Million ≈ $1.46 Million |
+5.02% |
| 2019-12-31 | ILA516.85 Million ≈ $1.39 Million |
+0.54% |
| 2018-12-31 | ILA514.06 Million ≈ $1.38 Million |
-0.79% |
| 2017-12-31 | ILA518.16 Million ≈ $1.39 Million |
+12.58% |
| 2016-12-31 | ILA460.25 Million ≈ $1.23 Million |
+5.71% |
| 2015-12-31 | ILA435.37 Million ≈ $1.17 Million |
+11.51% |
| 2014-12-31 | ILA390.45 Million ≈ $1.05 Million |
-10.60% |
| 2013-12-31 | ILA436.75 Million ≈ $1.17 Million |
+11.40% |
| 2012-12-31 | ILA392.06 Million ≈ $1.05 Million |
+5.68% |
| 2011-12-31 | ILA370.97 Million ≈ $994.56K |
-3.17% |
| 2010-12-31 | ILA383.11 Million ≈ $1.03 Million |
+106.03% |
| 2009-12-31 | ILA185.95 Million ≈ $498.53K |
-44.59% |
| 2007-12-31 | ILA335.61 Million ≈ $899.75K |
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Equity Component Analysis
This analysis shows how different components contribute to Kardan Real Estate Enterprise and Development 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 117.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ILA243.52 Million | 32.24% |
| Other Components | ILA511.79 Million | 67.76% |
| Total Equity | ILA755.31 Million | 100.00% |
Kardan Real Estate Enterprise and Development Ltd Competitors by Market Cap
The table below lists competitors of Kardan Real Estate Enterprise and Development Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jasuindo Tiga Perkasa Tbk
JK:JTPE
|
$234.88 Million |
|
Jain Irrigation Systems Limited
NSE:JISLJALEQS
|
$234.96 Million |
|
Groupe Pizzorno Environnement SA
PA:GPE
|
$234.96 Million |
|
Nova Minerals Ltd
AU:NVA
|
$235.04 Million |
|
Artius II Acquisition Inc.
NASDAQ:AACB
|
$234.83 Million |
|
Virginia National Bankshares Corp
NASDAQ:VABK
|
$234.82 Million |
|
Dabaco
VN:DBC
|
$234.69 Million |
|
Petron Malaysia Refining Marketing
KLSE:3042
|
$234.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kardan Real Estate Enterprise and Development Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 732,596,000 to 755,309,000, a change of 22,713,000 (3.1%).
- Net income of 49,616,000 contributed positively to equity growth.
- Dividend payments of 30,000,000 reduced retained earnings.
- New share issuances of 1,318,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ILA49.62 Million | +6.57% |
| Dividends Paid | ILA30.00 Million | -3.97% |
| Share Issuances | ILA1.32 Million | +0.17% |
| Other Changes | ILA1.78 Million | +0.24% |
| Total Change | ILA- | 3.10% |
Book Value vs Market Value Analysis
This analysis compares Kardan Real Estate Enterprise and Development 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: 115.52x
- 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 166.86x to 115.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ILA2.81 | ILA468.90 | x |
| 2018-12-31 | ILA2.80 | ILA468.90 | x |
| 2019-12-31 | ILA2.81 | ILA468.90 | x |
| 2020-12-31 | ILA2.95 | ILA468.90 | x |
| 2021-12-31 | ILA3.28 | ILA468.90 | x |
| 2022-12-31 | ILA3.77 | ILA468.90 | x |
| 2023-12-31 | ILA3.97 | ILA468.90 | x |
| 2024-12-31 | ILA4.06 | ILA468.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kardan Real Estate Enterprise and Development 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): 6.57%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.23%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 2.40x
- Recent ROE (6.57%) is below the historical average (9.03%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 2.82% | 1.88% | 0.41x | 3.62x | ILA-26.70 Million |
| 2013 | 10.63% | 5.84% | 0.59x | 3.07x | ILA2.63 Million |
| 2014 | 3.84% | 1.83% | 0.76x | 2.76x | ILA-22.99 Million |
| 2015 | 9.68% | 7.98% | 0.47x | 2.60x | ILA-1.30 Million |
| 2016 | 8.66% | 5.92% | 0.61x | 2.39x | ILA-5.77 Million |
| 2017 | 16.77% | 19.09% | 0.50x | 1.75x | ILA34.75 Million |
| 2018 | 7.38% | 8.29% | 0.47x | 1.90x | ILA-13.39 Million |
| 2019 | 4.37% | 6.03% | 0.35x | 2.07x | ILA-28.90 Million |
| 2020 | 6.28% | 7.14% | 0.41x | 2.13x | ILA-20.05 Million |
| 2021 | 13.55% | 12.49% | 0.50x | 2.18x | ILA21.36 Million |
| 2022 | 17.27% | 19.34% | 0.37x | 2.40x | ILA50.50 Million |
| 2023 | 9.62% | 11.66% | 0.35x | 2.36x | ILA-2.81 Million |
| 2024 | 6.57% | 9.23% | 0.30x | 2.40x | ILA-25.91 Million |
Industry Comparison
This section compares Kardan Real Estate Enterprise and Development Ltd's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $3,262,587,400
- Average return on equity (ROE) among peers: 4.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kardan Real Estate Enterprise and Development Ltd (KARE) | ILA736.43 Million | 2.82% | 1.70x | $234.84 Million |
| Adgar Investments and Development Ltd (ADGR) | $840.11 Million | 4.73% | 3.66x | $202.15 Million |
| Afi Properties Ltd (AFPR) | $2.66 Billion | -0.09% | 1.68x | $2.03 Billion |
| Alony Hetz Properties and Investments Ltd (ALHE) | $4.75 Billion | 7.41% | 1.66x | $1.87 Billion |
| Amot Investments Ltd (AMOT) | $1.24 Billion | 13.03% | 2.83x | $2.67 Billion |
| Argo Properties NV (ARGO) | $231.84 Million | 9.77% | 0.49x | $764.06 Million |
| Ari Real Estate Arena Investment Ltd (ARIN) | $765.64 Million | -1.42% | 1.29x | $482.59 Million |
| Airport City Ltd (ARPT) | $9.87 Billion | 2.57% | 0.88x | $1.54 Billion |
| Aspen Group Ltd (ASGR) | $703.33 Million | 6.02% | 3.12x | $104.49 Million |
| ES Australia Israel Holdings Ltd (AUIS) | $102.46 Million | 1.71% | 0.03x | $12.52 Million |
| Azrieli Group Ltd (AZRG) | $11.46 Billion | 5.20% | 1.02x | $13.09 Billion |
About Kardan Real Estate Enterprise and Development Ltd
Kardan Real Estate Enterprise and Development Ltd plans, constructs, develops, builds, and manages residential building and income-producing properties in Israel. It develops projects in the field of residential, office, hotel, commercial, etc.; and rents office buildings, commercial areas, and a parking lot, as well as undertakes urban renewal projects. The company was incorporated in 1988 and i… Read more