Michman Basad Ltd (MCMN) - Net Assets
Based on the latest financial reports, Michman Basad Ltd (MCMN) has net assets worth ILA211.53 Million ILA (≈ $567.11K USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ILA1.06 Billion ≈ $2.84 Million USD) and total liabilities (ILA847.65 Million ≈ $2.27 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 financial resilience of Michman Basad Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ILA211.53 Million |
| % of Total Assets | 19.97% |
| Annual Growth Rate | 38.21% |
| 5-Year Change | 1337.13% |
| 10-Year Change | N/A |
| Growth Volatility | 125.13 |
Michman Basad Ltd - Net Assets Trend (2018–2024)
This chart illustrates how Michman Basad Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Michman Basad Ltd assets under control for the complete picture of this company's asset base.
Annual Net Assets for Michman Basad Ltd (2018–2024)
The table below shows the annual net assets of Michman Basad Ltd from 2018 to 2024. For live valuation and market cap data, see Michman Basad Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ILA189.44 Million ≈ $507.89K |
+37.04% |
| 2023-12-31 | ILA138.24 Million ≈ $370.62K |
+27.50% |
| 2022-12-31 | ILA108.42 Million ≈ $290.68K |
+87.94% |
| 2021-12-31 | ILA57.69 Million ≈ $154.67K |
+337.65% |
| 2020-12-31 | ILA13.18 Million ≈ $35.34K |
+21.67% |
| 2019-12-31 | ILA10.83 Million ≈ $29.05K |
-60.13% |
| 2018-12-31 | ILA27.17 Million ≈ $72.85K |
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Equity Component Analysis
This analysis shows how different components contribute to Michman Basad 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 8359.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ILA126.13 Million | 66.58% |
| Common Stock | ILA2.00K | 0.00% |
| Other Components | ILA63.31 Million | 33.42% |
| Total Equity | ILA189.44 Million | 100.00% |
Michman Basad Ltd Competitors by Market Cap
The table below lists competitors of Michman Basad Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
S-Oil Corp Pref
KO:010955
|
$159.69 Million |
|
Unisys Corporation
NYSE:UIS
|
$159.73 Million |
|
Orogen Royalties Inc
V:OGN
|
$159.74 Million |
|
Muhak Co. Ltd
KO:033920
|
$159.75 Million |
|
Samindo Resources Tbk
JK:MYOH
|
$159.66 Million |
|
Ta-Yuan Cogeneration Co Ltd
TWO:8931
|
$159.65 Million |
|
Welldone Co
TWO:6170
|
$159.65 Million |
|
China Wire & Cable Co Ltd
TW:1603
|
$159.64 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Michman Basad Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 138,241,000 to 189,443,000, a change of 51,202,000 (37.0%).
- Net income of 35,472,000 contributed positively to equity growth.
- Share repurchases of 3,614,000 reduced equity.
- New share issuances of 18,958,000 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ILA35.47 Million | +18.72% |
| Share Repurchases | ILA3.61 Million | -1.91% |
| Share Issuances | ILA18.96 Million | +10.01% |
| Other Changes | ILA386.00K | +0.2% |
| Total Change | ILA- | 37.04% |
Book Value vs Market Value Analysis
This analysis compares Michman Basad 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: 310.91x
- 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 15422.19x to 310.91x 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 | ILA2.33 | ILA35890.00 | x |
| 2019-12-31 | ILA10.83 | ILA35890.00 | x |
| 2020-12-31 | ILA9.36 | ILA35890.00 | x |
| 2021-12-31 | ILA35.87 | ILA35890.00 | x |
| 2022-12-31 | ILA58.77 | ILA35890.00 | x |
| 2023-12-31 | ILA85.72 | ILA35890.00 | x |
| 2024-12-31 | ILA115.43 | ILA35890.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Michman Basad 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): 18.72%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 30.32%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 4.34x
- Recent ROE (18.72%) is below the historical average (27.36%), 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 | 28.94% | 20.02% | 0.17x | 8.34x | ILA621.10K |
| 2019 | 69.73% | 48.67% | 0.17x | 8.32x | ILA6.47 Million |
| 2020 | -15.53% | -10.76% | 0.18x | 8.14x | ILA-3.37 Million |
| 2021 | 32.45% | 45.20% | 0.11x | 6.59x | ILA12.95 Million |
| 2022 | 25.47% | 25.51% | 0.14x | 7.22x | ILA16.78 Million |
| 2023 | 31.70% | 31.84% | 0.20x | 5.01x | ILA29.99 Million |
| 2024 | 18.72% | 30.32% | 0.14x | 4.34x | ILA16.53 Million |
Industry Comparison
This section compares Michman Basad Ltd's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $389,415,333
- Average return on equity (ROE) among peers: 1.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Michman Basad Ltd (MCMN) | ILA211.53 Million | 28.94% | 4.01x | $159.67 Million |
| Blender Financial Technologies Ltd (BLND) | $66.37 Million | -31.45% | 1.12x | $19.05 Million |
| Direct Finance TA (DIFI) | $179.41 Million | 1.21% | 6.87x | $428.15 Million |
| Isracard Ltd (ISCD) | $2.45 Billion | 3.80% | 8.78x | $1.31 Billion |
| Jacob Finance And Investments Ltd (JCFN) | $0.00 | 0.00% | 0.00x | $199.11 Million |
| Michlol Finance Ltd (MCLL) | $170.91 Million | 8.93% | 2.53x | $193.91 Million |
| MLRN Projects and Trade Ltd (MLRN) | $258.61 Million | 11.07% | 2.06x | $109.10 Million |
| Menif Financial Services Ltd (MNIF) | $302.31 Million | 18.25% | 2.62x | $458.20 Million |
| Nawi Brothers Group Ltd (NAWI) | $22.64 Million | 0.00% | 4.44x | $446.49 Million |
| Peninsula Group Ltd (PEN) | $58.46 Million | 5.12% | 4.36x | $205.80 Million |
About Michman Basad Ltd
Michman Finance Ltd provides credit to small and medium-sized businesses. It offers credit to business through short-term commercial credit to the middle market companies through solo deferred relays and third parties transfers directly or through other authorized credit providers and such credit is secured by various collateral, including property liens and guarantees; credit backed by real esta… Read more