Micronet Ltd
Micronet Ltd develops, manufactures, and markets mobile computing platforms for integration into fleet and mobile workforce management solutions. It offers Micronet SmarTab, an android rugged tablet designed for in vehicle and out of vehicle use; Micronet SmartCam, an all-in-one video telematics device; and Micronet SmartHub, a telematics on board computer. The company's products are used in vari… Read more
Micronet Ltd (MCRNT) - Net Assets
Latest net assets as of December 2024: ILA16.05 Million ILA
Based on the latest financial reports, Micronet Ltd (MCRNT) has net assets worth ILA16.05 Million ILA as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ILA16.66 Million) and total liabilities (ILA612.00K). 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 | ILA16.05 Million |
| % of Total Assets | 96.33% |
| Annual Growth Rate | -10.58% |
| 5-Year Change | 50.3% |
| 10-Year Change | N/A |
| Growth Volatility | 105.23 |
Micronet Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Micronet Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Micronet Ltd (2017–2024)
The table below shows the annual net assets of Micronet Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ILA16.05 Million | -33.94% |
| 2023-12-31 | ILA24.30 Million | -32.23% |
| 2022-12-31 | ILA35.85 Million | -6.72% |
| 2021-12-31 | ILA38.43 Million | +259.93% |
| 2020-12-31 | ILA10.68 Million | +63.60% |
| 2019-12-31 | ILA6.53 Million | -47.17% |
| 2018-12-31 | ILA12.35 Million | -64.80% |
| 2017-12-31 | ILA35.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Micronet 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 decreased by 22816.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | ILA91.24 Million | 568.50% |
| Total Equity | ILA16.05 Million | 100.00% |
Micronet Ltd Competitors by Market Cap
The table below lists competitors of Micronet Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Crown Reserve Acquisition Corp. I Unit
NASDAQ:CRACU
|
$93.78K |
|
CAFLX
NASDAQ:CAFLX
|
$93.78K |
|
VIVO ENERGY MAURITIUS LTD
SEM:SHEL
|
$93.80K |
|
Merchavia Holdings and Investments Ltd
TA:MRHL
|
$93.91K |
|
Apollo Investment Corp
F:55O1
|
$93.64K |
|
140610
KO:140610
|
$93.63K |
|
BSGO39
SA:BSGO39
|
$93.62K |
|
BBVA Capital Privado FCR
MC:CAPRI
|
$93.61K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Micronet Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 24,296,000 to 16,049,000, a change of -8,247,000 (-33.9%).
- Net loss of 8,464,000 reduced equity.
- Other factors increased equity by 217,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ILA-8.46 Million | -52.74% |
| Other Changes | ILA217.00K | +1.35% |
| Total Change | ILA- | -33.94% |
Book Value vs Market Value Analysis
This analysis compares Micronet 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: 217.70x
- 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 increased from 13.36x to 217.70x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | ILA27.89 | ILA372.50 | x |
| 2018-12-31 | ILA7.61 | ILA372.50 | x |
| 2019-12-31 | ILA2.46 | ILA372.50 | x |
| 2020-12-31 | ILA1.82 | ILA372.50 | x |
| 2021-12-31 | ILA4.79 | ILA372.50 | x |
| 2022-12-31 | ILA3.82 | ILA372.50 | x |
| 2023-12-31 | ILA2.59 | ILA372.50 | x |
| 2024-12-31 | ILA1.71 | ILA372.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Micronet 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): -52.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -253.95%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 1.04x
- Recent ROE (-52.74%) is above the historical average (-80.58%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -36.89% | -19.57% | 1.10x | 1.71x | ILA-16.46 Million |
| 2018 | -198.78% | -48.52% | 1.55x | 2.65x | ILA-25.79 Million |
| 2019 | -169.63% | -35.51% | 1.13x | 4.24x | ILA-11.72 Million |
| 2020 | -118.52% | -187.61% | 0.30x | 2.11x | ILA-13.72 Million |
| 2021 | 2.13% | 5.85% | 0.31x | 1.19x | ILA-3.03 Million |
| 2022 | -21.97% | -141.97% | 0.14x | 1.09x | ILA-11.46 Million |
| 2023 | -48.21% | -430.11% | 0.10x | 1.11x | ILA-14.14 Million |
| 2024 | -52.74% | -253.95% | 0.20x | 1.04x | ILA-10.07 Million |
Industry Comparison
This section compares Micronet Ltd's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $146,685,000
- Average return on equity (ROE) among peers: 10.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Micronet Ltd (MCRNT) | ILA16.05 Million | -36.89% | 0.04x | $93.67K |
| C. Mer Industries Ltd (CMER) | $118.54 Million | 19.16% | 2.66x | $1.50 Million |
| Rapac Communication & Infrastructure Ltd (RPAC) | $174.83 Million | 0.89% | 1.68x | $3.53 Million |