More Provident Funds
More Provident Funds Ltd. manages provident and pension funds in Israel. The company offers provident funds for rewards and compensations, savings, education, training, and investments, as well as for saving plans for a child; and general and comprehensive pension funds. More Provident Funds Ltd. was incorporated in 2013 and is based in Ramat Gan, Israel.
More Provident Funds (MPP) - Net Assets
Latest net assets as of June 2025: ILA233.79 Million ILA
Based on the latest financial reports, More Provident Funds (MPP) has net assets worth ILA233.79 Million ILA as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ILA523.36 Million) and total liabilities (ILA289.57 Million). 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 | ILA233.79 Million |
| % of Total Assets | 44.67% |
| Annual Growth Rate | 87.82% |
| 5-Year Change | 2200.03% |
| 10-Year Change | N/A |
| Growth Volatility | 170.02 |
More Provident Funds - Net Assets Trend (2019–2024)
This chart illustrates how More Provident Funds's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for More Provident Funds (2019–2024)
The table below shows the annual net assets of More Provident Funds from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ILA222.14 Million | -5.60% |
| 2023-12-31 | ILA235.31 Million | +20.23% |
| 2022-12-31 | ILA195.71 Million | +327.32% |
| 2021-12-31 | ILA45.80 Million | +374.22% |
| 2020-12-31 | ILA9.66 Million | +1.76% |
| 2019-12-31 | ILA9.49 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to More Provident Funds'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 2093700000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ILA11.91 Million | 5.36% |
| Other Components | ILA210.23 Million | 94.64% |
| Total Equity | ILA222.14 Million | 100.00% |
More Provident Funds Competitors by Market Cap
The table below lists competitors of More Provident Funds ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Close the Loop Ltd
AU:CLG
|
$5.13 Million |
|
Ideal United Bintang Bhd
KLSE:9687
|
$5.14 Million |
|
GT Resources Inc.
OTCQB:CGTRF
|
$5.14 Million |
|
Au Gold Corp
V:AUGC
|
$5.14 Million |
|
Harfang Exploration Inc
PINK:HRFEF
|
$5.13 Million |
|
AUGA GROUP AB EO 029
F:W9Z
|
$5.13 Million |
|
Leyand International Tbk
JK:LAPD
|
$5.13 Million |
|
Blue Energy Limited
PINK:BUENF
|
$5.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in More Provident Funds's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 235,310,000 to 222,137,000, a change of -13,173,000 (-5.6%).
- Net income of 49,574,000 contributed positively to equity growth.
- Dividend payments of 63,000,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ILA49.57 Million | +22.32% |
| Dividends Paid | ILA63.00 Million | -28.36% |
| Other Changes | ILA253.00K | +0.11% |
| Total Change | ILA- | -5.60% |
Book Value vs Market Value Analysis
This analysis compares More Provident Funds'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: 867.94x
- 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 20284.14x to 867.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | ILA0.07 | ILA1503.00 | x |
| 2020-12-31 | ILA0.08 | ILA1503.00 | x |
| 2021-12-31 | ILA0.36 | ILA1503.00 | x |
| 2022-12-31 | ILA1.53 | ILA1503.00 | x |
| 2023-12-31 | ILA1.84 | ILA1503.00 | x |
| 2024-12-31 | ILA1.73 | ILA1503.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently More Provident Funds 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): 22.32%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.62%
- • Asset Turnover: 1.02x
- • Equity Multiplier: 2.27x
- Recent ROE (22.32%) is above the historical average (-25.73%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | -75.75% | -633.39% | 0.08x | 1.58x | ILA-8.14 Million |
| 2020 | -119.08% | -47.50% | 0.36x | 6.90x | ILA-12.47 Million |
| 2021 | -2.52% | -0.85% | 0.58x | 5.09x | ILA-5.73 Million |
| 2022 | 3.93% | 2.80% | 0.54x | 2.62x | ILA-11.87 Million |
| 2023 | 16.70% | 9.04% | 0.86x | 2.15x | ILA15.77 Million |
| 2024 | 22.32% | 9.62% | 1.02x | 2.27x | ILA27.36 Million |
Industry Comparison
This section compares More Provident Funds's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $199,097,200
- Average return on equity (ROE) among peers: 5.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| More Provident Funds (MPP) | ILA233.79 Million | -75.75% | 1.24x | $5.13 Million |
| Altshuler Shaham Financial LTD (ALTF) | $551.52 Million | 46.83% | 1.94x | $3.04 Million |
| Aluma Infrastructure Fund 2020 Ltd (ALUMA) | $74.33 Million | 6.04% | 0.04x | $815.87K |
| Analyst IMS Investment Management Services Ltd (ANLT) | $94.69 Million | 0.00% | 0.40x | $4.61 Million |
| Big Tech 50 R&D-Limited Partnership (BIGT) | $18.84 Million | -22.21% | 0.01x | $51.60K |
| Bio Meat Foodtech - Limited Partnership (BIMT) | $-126.00K | 0.00% | 0.00x | $145.66K |
| Capital Point (CPTP) | $171.83 Million | 12.52% | 0.23x | $191.24K |
| Eldav-L (ELDAV) | $92.58 Million | -4.24% | 1.14x | $167.48K |
| Elron Electronic Industries Ltd (ELRN) | $74.20 Million | 14.42% | 2.21x | $715.25K |
| Emilia Devel (EMDV) | $886.75 Million | 5.24% | 1.33x | $2.15 Million |
| Feat Fund Investments Limited Partnership (FEAT) | $26.37 Million | 1.06% | 0.09x | $24.04K |