Norstar

TA:NSTR Israel Real Estate Services
Market Cap
$129.25 Million
ILA48.21 Billion ILA
Market Cap Rank
#35278 Global
#215 in Israel
Share Price
ILA773.20
Change (1 day)
-2.67%
52-Week Range
ILA652.50 - ILA1235.00
All Time High
ILA9073.00
Categories
Companies in Israel Real Estate Services
About

Norstar Holdings Inc, together with its subsidiaries, develops, rents, and manages real estate properties in Northern Europe, Central and Eastern Europe, Israel, Brazil, and the United States. It develops commerce, residential, and office properties. The company was formerly known as Gazit Inc. and changed its name to Norstar Holdings Inc in May 2011. Norstar Holdings Inc was incorporated in 1962… Read more

Norstar (NSTR) - Net Assets

Latest net assets as of September 2025: ILA9.27 Billion ILA

Based on the latest financial reports, Norstar (NSTR) has net assets worth ILA9.27 Billion ILA as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ILA34.64 Billion) and total liabilities (ILA25.36 Billion). 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 ILA9.27 Billion
% of Total Assets 26.77%
Annual Growth Rate -2.07%
5-Year Change -18.99%
10-Year Change -69.28%
Growth Volatility 20.08

Norstar - Net Assets Trend (2006–2024)

This chart illustrates how Norstar's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Norstar (2006–2024)

The table below shows the annual net assets of Norstar from 2006 to 2024.

Year Net Assets Change
2024-12-31 ILA9.52 Billion -12.28%
2023-12-31 ILA10.86 Billion -4.58%
2022-12-31 ILA11.38 Billion -10.96%
2021-12-31 ILA12.78 Billion +8.69%
2020-12-31 ILA11.75 Billion -21.87%
2019-12-31 ILA15.04 Billion -3.07%
2018-12-31 ILA15.52 Billion -7.20%
2017-12-31 ILA16.73 Billion -50.47%
2016-12-31 ILA33.77 Billion +8.95%
2015-12-31 ILA31.00 Billion +19.81%
2014-12-31 ILA25.87 Billion +13.37%
2013-12-31 ILA22.82 Billion +0.75%
2012-12-31 ILA22.65 Billion +16.84%
2011-12-31 ILA19.38 Billion +27.79%
2010-12-31 ILA15.17 Billion +14.34%
2009-12-31 ILA13.27 Billion +19.45%
2008-12-31 ILA11.11 Billion -33.36%
2007-12-31 ILA16.66 Billion +20.10%
2006-12-31 ILA13.88 Billion --

Equity Component Analysis

This analysis shows how different components contribute to Norstar'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 13.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ILA2.53 Billion 191.88%
Common Stock ILA179.00 Million 13.59%
Other Comprehensive Income ILA-1.83 Billion -138.80%
Other Components ILA439.00 Million 33.33%
Total Equity ILA1.32 Billion 100.00%

Norstar Competitors by Market Cap

The table below lists competitors of Norstar ranked by their market capitalization.

Company Market Cap
Glory Forever PCL
BK:GLORY
 		$1.38 Million
Inhalerx Ltd
AU:IRX
 		$1.38 Million
Serrano Resources Ltd
PINK:MIRXF
 		$1.39 Million
Key Alliance Group Bhd
KLSE:0036
 		$1.39 Million
Argent Minerals Limited
PINK:ARDNF
 		$1.38 Million
Cahaya Bintang Medan Tbk Pt
JK:CBMF
 		$1.38 Million
Link Bilgisayar Sistemleri Yazilimi ve Donanimi Sanayi ve Ticaret AS
IS:LINK
 		$1.38 Million
Country Condo's Limited
NSE:COUNCODOS
 		$1.38 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Norstar's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 1,773,000,000 to 1,317,000,000, a change of -456,000,000 (-25.7%).
  • Net loss of 57,000,000 reduced equity.
  • Other comprehensive income decreased equity by 412,000,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ILA-57.00 Million -4.33%
Other Comprehensive Income ILA-412.00 Million -31.28%
Other Changes ILA13.00 Million +0.99%
Total Change ILA- -25.72%

Book Value vs Market Value Analysis

This analysis compares Norstar'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: 36.03x
  • 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 19.78x to 36.03x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2006-12-31 ILA39.09 ILA773.20 x
2007-12-31 ILA45.93 ILA773.20 x
2008-12-31 ILA25.39 ILA773.20 x
2009-12-31 ILA38.18 ILA773.20 x
2010-12-31 ILA39.93 ILA773.20 x
2011-12-31 ILA44.00 ILA773.20 x
2012-12-31 ILA45.40 ILA773.20 x
2013-12-31 ILA44.59 ILA773.20 x
2014-12-31 ILA43.37 ILA773.20 x
2015-12-31 ILA279.17 ILA773.20 x
2016-12-31 ILA304.09 ILA773.20 x
2017-12-31 ILA139.52 ILA773.20 x
2018-12-31 ILA128.94 ILA773.20 x
2019-12-31 ILA117.57 ILA773.20 x
2020-12-31 ILA76.34 ILA773.20 x
2021-12-31 ILA62.62 ILA773.20 x
2022-12-31 ILA53.82 ILA773.20 x
2023-12-31 ILA29.63 ILA773.20 x
2024-12-31 ILA21.46 ILA773.20 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Norstar 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): -4.33%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -2.25%
  • • Asset Turnover: 0.07x
  • • Equity Multiplier: 27.39x
  • Recent ROE (-4.33%) is below the historical average (0.91%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2006 22.15% 32.19% 0.08x 8.42x ILA539.30 Million
2007 17.18% 26.46% 0.08x 8.40x ILA410.90 Million
2008 -32.24% -25.79% 0.09x 13.42x ILA-1.41 Billion
2009 21.22% 23.53% 0.09x 9.93x ILA582.10 Million
2010 13.36% 14.94% 0.10x 8.88x ILA198.50 Million
2011 8.77% 9.64% 0.10x 9.35x ILA-87.60 Million
2012 12.19% 13.68% 0.10x 9.05x ILA172.10 Million
2013 12.20% 14.08% 0.10x 8.50x ILA176.10 Million
2014 0.91% 1.16% 0.09x 8.72x ILA-729.30 Million
2015 8.25% 8.49% 0.09x 11.21x ILA-131.20 Million
2016 9.65% 16.39% 0.06x 10.65x ILA-28.80 Million
2017 5.72% 7.56% 0.06x 13.11x ILA-160.10 Million
2018 -7.79% -9.47% 0.06x 14.34x ILA-614.40 Million
2019 12.72% 14.53% 0.06x 13.61x ILA85.50 Million
2020 -21.20% -19.70% 0.06x 18.16x ILA-697.60 Million
2021 16.57% 15.42% 0.06x 19.36x ILA140.30 Million
2022 -40.53% -33.35% 0.06x 20.96x ILA-957.50 Million
2023 -37.51% -27.30% 0.06x 22.00x ILA-842.30 Million
2024 -4.33% -2.25% 0.07x 27.39x ILA-188.70 Million

Industry Comparison

This section compares Norstar's net assets metrics with peer companies in the Real Estate Services industry.

Industry Context

  • Industry: Real Estate Services
  • Average net assets among peers: $2,867,280,000
  • Average return on equity (ROE) among peers: 8.22%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Norstar (NSTR) ILA9.27 Billion 22.15% 2.73x $1.38 Million
Adgar Investments and Development Ltd (ADGR) $835.73 Million 9.05% 3.22x $2.29 Million
Afi Properties Ltd (AFPR) $4.49 Billion 17.55% 2.13x $28.31 Million
Alony Hetz Properties and Investments Ltd (ALHE) $6.06 Billion 9.04% 1.57x $21.23 Million
Amot Investments Ltd (AMOT) $7.60 Billion 12.26% 1.31x $30.57 Million
Argo Properties NV (ARGO) $231.84 Million 9.77% 0.49x $7.87 Million
Ari Real Estate Arena Investment Ltd (ARIN) $272.87 Million -30.38% 4.24x $4.57 Million
ES Australia Israel Holdings Ltd (AUIS) $100.51 Million -2.75% 0.01x $149.05K
Brack Capit N V (BCNV) $454.10 Million 13.97% 1.82x $4.13 Million
Big Shopping Centers Ltd (BIG) $8.57 Billion 12.23% 2.14x $52.08 Million
Buligo Capital Ltd (BLGO) $60.63 Million 31.49% 0.06x $1.27 Million