Ludan Engineering Co. Ltd (LUDN) - Net Assets
Based on the latest financial reports, Ludan Engineering Co. Ltd (LUDN) has net assets worth ILA79.89 Million ILA (≈ $214.18K USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ILA269.20 Million ≈ $721.72K USD) and total liabilities (ILA189.31 Million ≈ $507.54K 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 financial resilience of Ludan Engineering Co. Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ILA79.89 Million |
| % of Total Assets | 29.68% |
| Annual Growth Rate | 10.93% |
| 5-Year Change | 101.74% |
| 10-Year Change | 115.18% |
| Growth Volatility | 45.44 |
Ludan Engineering Co. Ltd - Net Assets Trend (2004–2024)
This chart illustrates how Ludan Engineering Co. Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Ludan Engineering Co. Ltd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Ludan Engineering Co. Ltd (2004–2024)
The table below shows the annual net assets of Ludan Engineering Co. Ltd from 2004 to 2024. For live valuation and market cap data, see Ludan Engineering Co. Ltd (LUDN) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ILA143.01 Million ≈ $383.41K |
+0.49% |
| 2023-12-31 | ILA142.32 Million ≈ $381.55K |
+8.10% |
| 2022-12-31 | ILA131.66 Million ≈ $352.96K |
+60.41% |
| 2021-12-31 | ILA82.07 Million ≈ $220.04K |
+15.78% |
| 2020-12-31 | ILA70.89 Million ≈ $190.05K |
-3.60% |
| 2019-12-31 | ILA73.53 Million ≈ $197.14K |
+3.03% |
| 2018-12-31 | ILA71.37 Million ≈ $191.35K |
-14.40% |
| 2017-12-31 | ILA83.38 Million ≈ $223.53K |
+12.61% |
| 2016-12-31 | ILA74.04 Million ≈ $198.50K |
+11.40% |
| 2015-12-31 | ILA66.46 Million ≈ $178.18K |
-10.84% |
| 2014-12-31 | ILA74.55 Million ≈ $199.86K |
-10.93% |
| 2013-12-31 | ILA83.69 Million ≈ $224.38K |
+1.82% |
| 2012-12-31 | ILA82.20 Million ≈ $220.38K |
+1.28% |
| 2011-12-31 | ILA81.16 Million ≈ $217.58K |
-1.17% |
| 2010-12-31 | ILA82.12 Million ≈ $220.15K |
-1.89% |
| 2009-12-31 | ILA83.70 Million ≈ $224.40K |
+6.94% |
| 2008-12-31 | ILA78.27 Million ≈ $209.83K |
+188.13% |
| 2005-12-31 | ILA27.16 Million ≈ $72.83K |
+51.21% |
| 2004-12-31 | ILA17.96 Million ≈ $48.16K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Ludan Engineering Co. 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 2595.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ILA87.48 Million | 68.17% |
| Common Stock | ILA12.94 Million | 10.08% |
| Other Comprehensive Income | ILA-527.00K | -0.41% |
| Other Components | ILA28.44 Million | 22.16% |
| Total Equity | ILA128.33 Million | 100.00% |
Ludan Engineering Co. Ltd Competitors by Market Cap
The table below lists competitors of Ludan Engineering Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Surapon Foods Public Company Limited
BK:SSF
|
$42.92 Million |
|
Modernform Group Public Company Limited
BK:MODERN
|
$42.92 Million |
|
Bubang Co. Ltd
KQ:014470
|
$42.92 Million |
|
NIGHTINGALE HEALTH EO 1
F:7XE
|
$42.94 Million |
|
AMTD IDEA Group
NYSE:AMTD
|
$42.91 Million |
|
Persimmon PLC
LSE:PSN
|
$42.90 Million |
|
AXIOS Sustainable Growth
NYSE:AXAC
|
$42.88 Million |
|
R.P.P. Infra Projects Limited
NSE:RPPINFRA
|
$42.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ludan Engineering Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 128,719,000 to 128,327,000, a change of -392,000 (-0.3%).
- Net income of 27,496,000 contributed positively to equity growth.
- Dividend payments of 35,727,000 reduced retained earnings.
- Other comprehensive income decreased equity by 527,000.
- Other factors increased equity by 8,366,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ILA27.50 Million | +21.43% |
| Dividends Paid | ILA35.73 Million | -27.84% |
| Other Comprehensive Income | ILA-527.00K | -0.41% |
| Other Changes | ILA8.37 Million | +6.52% |
| Total Change | ILA- | -0.30% |
Book Value vs Market Value Analysis
This analysis compares Ludan Engineering Co. 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: 123.73x
- 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 242.33x to 123.73x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | ILA5.73 | ILA1389.00 | x |
| 2011-12-31 | ILA5.86 | ILA1389.00 | x |
| 2012-12-31 | ILA6.07 | ILA1389.00 | x |
| 2013-12-31 | ILA6.50 | ILA1389.00 | x |
| 2014-12-31 | ILA6.04 | ILA1389.00 | x |
| 2015-12-31 | ILA5.35 | ILA1389.00 | x |
| 2016-12-31 | ILA5.96 | ILA1389.00 | x |
| 2017-12-31 | ILA6.69 | ILA1389.00 | x |
| 2018-12-31 | ILA5.59 | ILA1389.00 | x |
| 2019-12-31 | ILA5.88 | ILA1389.00 | x |
| 2020-12-31 | ILA6.00 | ILA1389.00 | x |
| 2021-12-31 | ILA7.01 | ILA1389.00 | x |
| 2022-12-31 | ILA10.24 | ILA1389.00 | x |
| 2023-12-31 | ILA11.17 | ILA1389.00 | x |
| 2024-12-31 | ILA11.23 | ILA1389.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ludan Engineering Co. 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): 21.43%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.34%
- • Asset Turnover: 1.30x
- • Equity Multiplier: 3.80x
- Recent ROE (21.43%) is above the historical average (11.98%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 8.91% | 1.73% | 1.23x | 4.19x | ILA-191.70K |
| 2005 | 19.37% | 2.75% | 1.46x | 4.83x | ILA2.37 Million |
| 2008 | 28.28% | 4.68% | 1.60x | 3.78x | ILA12.09 Million |
| 2009 | 5.39% | 0.86% | 1.63x | 3.83x | ILA-3.07 Million |
| 2010 | 7.15% | 1.19% | 1.72x | 3.51x | ILA-1.85 Million |
| 2011 | 10.24% | 1.56% | 1.88x | 3.49x | ILA163.60K |
| 2012 | 10.11% | 1.62% | 1.56x | 3.98x | ILA79.90K |
| 2013 | 16.46% | 2.56% | 1.48x | 4.35x | ILA4.84 Million |
| 2014 | 4.23% | 0.63% | 1.55x | 4.33x | ILA-4.01 Million |
| 2015 | -12.16% | -1.44% | 1.36x | 6.21x | ILA-13.66 Million |
| 2016 | 10.60% | 1.25% | 1.65x | 5.12x | ILA410.30K |
| 2017 | 10.15% | 1.36% | 1.57x | 4.78x | ILA116.90K |
| 2018 | -15.64% | -1.74% | 1.64x | 5.46x | ILA-16.53 Million |
| 2019 | 17.01% | 2.04% | 1.48x | 5.61x | ILA4.75 Million |
| 2020 | 21.00% | 2.73% | 1.52x | 5.06x | ILA7.61 Million |
| 2021 | 20.18% | 3.17% | 1.43x | 4.44x | ILA8.22 Million |
| 2022 | 23.48% | 4.81% | 1.48x | 3.30x | ILA15.90 Million |
| 2023 | 21.35% | 4.39% | 1.44x | 3.37x | ILA14.60 Million |
| 2024 | 21.43% | 4.34% | 1.30x | 3.80x | ILA14.66 Million |
Industry Comparison
This section compares Ludan Engineering Co. Ltd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $528,898,000
- Average return on equity (ROE) among peers: 1.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ludan Engineering Co. Ltd (LUDN) | ILA79.89 Million | 8.91% | 2.37x | $42.92 Million |
| Mordechai Aviv Taasiot Beniyah 1973 Ltd (AVIV) | $199.75 Million | 8.61% | 2.74x | $81.62 Million |
| Baran Group Ltd (BRAN) | $235.10 Million | 5.99% | 2.56x | $149.63 Million |
| Danya Cebus (DNYA) | $759.21 Million | 25.82% | 2.28x | $1.52 Billion |
| El-Mor Electric Installation & Services 1986 Ltd (ELMR) | $110.45 Million | 20.50% | 1.13x | $274.37 Million |
| Electra Ltd (ELTR) | $256.55 Million | 10.45% | 2.70x | $2.24 Billion |
| Electreon Wireless Ltd (ELWS) | $166.53 Million | -34.56% | 0.08x | $174.63 Million |
| Lapidoth (LAPD) | $2.44 Billion | 15.63% | 2.15x | $1.36 Billion |
| Levinski Ofer (LEOF) | $10.66 Million | -56.60% | 0.16x | $35.81 Million |
| Levinstein Eng (LEVI) | $907.64 Million | 9.22% | 1.38x | $732.84 Million |
| Lesico Ltd (LSCO) | $198.28 Million | 8.30% | 2.30x | $61.97 Million |
About Ludan Engineering Co. Ltd
Ludan Engineering Co. Ltd operates as an engineering company worldwide. The company operates in two segments; Engineering and Software and Control. It is involved in the provision of engineering, procurement, construction supervision, and project management, as well as consulting and turn-key services; technical and managerial, and integrated automation and control service; ticket vending machine… Read more