Micronet Ltd (MCRNT) - Net Assets
Based on the latest financial reports, Micronet Ltd (MCRNT) has net assets worth ILA16.05 Million ILA (≈ $43.03K USD) 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 ≈ $44.67K USD) and total liabilities (ILA612.00K ≈ $1.64K 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. Read debt load of Micronet Ltd for a breakdown of total debt and financial obligations.
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. Also explore Micronet Ltd assets under control for the complete picture of this company's asset base.
Annual Net Assets for Micronet Ltd (2017–2024)
The table below shows the annual net assets of Micronet Ltd from 2017 to 2024. For live valuation and market cap data, see Micronet Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ILA16.05 Million ≈ $43.03K |
-33.94% |
| 2023-12-31 | ILA24.30 Million ≈ $65.14K |
-32.23% |
| 2022-12-31 | ILA35.85 Million ≈ $96.12K |
-6.72% |
| 2021-12-31 | ILA38.43 Million ≈ $103.04K |
+259.93% |
| 2020-12-31 | ILA10.68 Million ≈ $28.63K |
+63.60% |
| 2019-12-31 | ILA6.53 Million ≈ $17.50K |
-47.17% |
| 2018-12-31 | ILA12.35 Million ≈ $33.12K |
-64.80% |
| 2017-12-31 | ILA35.10 Million ≈ $94.10K |
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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 |
|---|---|
|
Seacera Group Bhd
KLSE:7073
|
$9.37 Million |
|
Southern Hemisphere Mining Ltd
AU:SUH
|
$9.38 Million |
|
Morenzo Abadi Perkasa Tbk Pt
JK:ENZO
|
$9.38 Million |
|
Belararox Ltd
AU:BRX
|
$9.38 Million |
|
ERWE Immobilien AG
F:ERWE
|
$9.36 Million |
|
Kalgoorlie Gold Mining Ltd
AU:KAL
|
$9.35 Million |
|
ReShape Lifesciences Inc
NASDAQ:RSLS
|
$9.35 Million |
|
Vivien Corp
KO:002070
|
$9.35 Million |
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: $271,800,000
- Average return on equity (ROE) among peers: 15.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Micronet Ltd (MCRNT) | ILA16.05 Million | -36.89% | 0.04x | $9.37 Million |
| AudioCodes Ltd (AUDC) | $94.55 Million | 14.27% | 0.90x | $196.90 Million |
| C. Mer Industries Ltd (CMER) | $258.01 Million | 5.91% | 1.23x | $196.70 Million |
| Gilat Satellite Networks Ltd (GILT) | $30.50 Million | 13.44% | 0.14x | $956.24 Million |
| Rapac Communication & Infrastructure Ltd (RPAC) | $704.14 Million | 28.79% | 0.63x | $390.54 Million |
About 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