The Phoenix Holdings Ltd.
Phoenix Financial Ltd provides multi-line insurance products in Israel. It operates through Life and Savings; Health Insurance; Property and Casualty Insurance; Retirement (Pension and Provident); Investment House and Wealth; Distribution (Agencies); and Credit segments. It offers life and disability insurance; and property and casualty insurance products under the Phoenix Smart brand, which incl… Read more
The Phoenix Holdings Ltd. (PHOE) - Net Assets
Latest net assets as of September 2025: ILA12.36 Billion ILA
Based on the latest financial reports, The Phoenix Holdings Ltd. (PHOE) has net assets worth ILA12.36 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 (ILA190.10 Billion) and total liabilities (ILA177.74 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 | ILA12.36 Billion |
| % of Total Assets | 6.5% |
| Annual Growth Rate | 10.62% |
| 5-Year Change | 51.6% |
| 10-Year Change | 186.68% |
| Growth Volatility | 12.52 |
The Phoenix Holdings Ltd. - Net Assets Trend (2006–2024)
This chart illustrates how The Phoenix Holdings 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 The Phoenix Holdings Ltd. (2006–2024)
The table below shows the annual net assets of The Phoenix Holdings Ltd. from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ILA12.25 Billion | +12.46% |
| 2023-12-31 | ILA10.90 Billion | +3.43% |
| 2022-12-31 | ILA10.53 Billion | +6.15% |
| 2021-12-31 | ILA9.92 Billion | +22.78% |
| 2020-12-31 | ILA8.08 Billion | +24.50% |
| 2019-12-31 | ILA6.49 Billion | +1.01% |
| 2018-12-31 | ILA6.43 Billion | +11.86% |
| 2017-12-31 | ILA5.74 Billion | +18.73% |
| 2016-12-31 | ILA4.84 Billion | +13.22% |
| 2015-12-31 | ILA4.27 Billion | +8.77% |
| 2014-12-31 | ILA3.93 Billion | +7.52% |
| 2013-12-31 | ILA3.65 Billion | +20.77% |
| 2012-12-31 | ILA3.03 Billion | +15.28% |
| 2011-12-31 | ILA2.62 Billion | -2.74% |
| 2010-12-31 | ILA2.70 Billion | +18.15% |
| 2009-12-31 | ILA2.28 Billion | +32.93% |
| 2008-12-31 | ILA1.72 Billion | -26.04% |
| 2007-12-31 | ILA2.32 Billion | +16.59% |
| 2006-12-31 | ILA1.99 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to The Phoenix Holdings 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 978599900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ILA9.79 Billion | 82.17% |
| Common Stock | ILA315.76 Million | 2.65% |
| Other Comprehensive Income | ILA1.28 Billion | 10.79% |
| Other Components | ILA522.97 Million | 4.39% |
| Total Equity | ILA11.91 Billion | 100.00% |
The Phoenix Holdings Ltd. Competitors by Market Cap
The table below lists competitors of The Phoenix Holdings Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TCM Group
CO:TCM
|
$93.11 Million |
|
Gentas Genel Metal Sanayi ve Ticaret AS
IS:GENTS
|
$93.15 Million |
|
CROSSJECT SA EO -10
F:74C
|
$93.17 Million |
|
Eurofins-Cerep SA
PA:ALECR
|
$93.20 Million |
|
Bell Financial Group Ltd
AU:BFG
|
$93.06 Million |
|
SV Investment Corporation
KQ:289080
|
$93.04 Million |
|
Tek-Art Insaat Ticaret Turizm Sanayi ve Yatirimlar AS
IS:TEKTU
|
$93.03 Million |
|
Jean Co Ltd
TW:2442
|
$92.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in The Phoenix Holdings Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 10,580,295,000 to 11,909,444,000, a change of 1,329,149,000 (12.6%).
- Net income of 1,817,826,000 contributed positively to equity growth.
- Dividend payments of 535,000,000 reduced retained earnings.
- Share repurchases of 183,019,000 reduced equity.
- Other comprehensive income increased equity by 1,284,710,000.
- Other factors decreased equity by 1,055,368,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ILA1.82 Billion | +15.26% |
| Dividends Paid | ILA535.00 Million | -4.49% |
| Share Repurchases | ILA183.02 Million | -1.54% |
| Other Comprehensive Income | ILA1.28 Billion | +10.79% |
| Other Changes | ILA-1.06 Billion | -8.86% |
| Total Change | ILA- | 12.56% |
Book Value vs Market Value Analysis
This analysis compares The Phoenix Holdings 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: 363.02x
- 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 42.18x to 363.02x 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 | ILA403.04 | ILA17000.00 | x |
| 2007-12-31 | ILA11.47 | ILA17000.00 | x |
| 2008-12-31 | ILA8.05 | ILA17000.00 | x |
| 2009-12-31 | ILA10.38 | ILA17000.00 | x |
| 2010-12-31 | ILA10.70 | ILA17000.00 | x |
| 2011-12-31 | ILA11.66 | ILA17000.00 | x |
| 2012-12-31 | ILA12.07 | ILA17000.00 | x |
| 2013-12-31 | ILA14.52 | ILA17000.00 | x |
| 2014-12-31 | ILA15.47 | ILA17000.00 | x |
| 2015-12-31 | ILA16.92 | ILA17000.00 | x |
| 2016-12-31 | ILA19.52 | ILA17000.00 | x |
| 2017-12-31 | ILA23.17 | ILA17000.00 | x |
| 2018-12-31 | ILA24.96 | ILA17000.00 | x |
| 2019-12-31 | ILA24.92 | ILA17000.00 | x |
| 2020-12-31 | ILA31.14 | ILA17000.00 | x |
| 2021-12-31 | ILA37.56 | ILA17000.00 | x |
| 2022-12-31 | ILA39.65 | ILA17000.00 | x |
| 2023-12-31 | ILA41.39 | ILA17000.00 | x |
| 2024-12-31 | ILA46.83 | ILA17000.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently The Phoenix Holdings 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): 15.26%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.03%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 14.49x
- Recent ROE (15.26%) is above the historical average (10.46%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 19.21% | 62.54% | 0.02x | 14.63x | ILA183.09 Million |
| 2007 | 18.17% | 6.16% | 0.20x | 14.46x | ILA187.65 Million |
| 2008 | -22.86% | -35.43% | 0.04x | 17.91x | ILA-557.35 Million |
| 2009 | 10.21% | 2.13% | 0.19x | 24.93x | ILA4.74 Million |
| 2010 | 11.78% | 3.12% | 0.16x | 23.76x | ILA46.75 Million |
| 2011 | 3.72% | 1.34% | 0.11x | 25.24x | ILA-160.31 Million |
| 2012 | 8.46% | 2.25% | 0.15x | 25.45x | ILA-45.57 Million |
| 2013 | 20.77% | 5.69% | 0.14x | 25.67x | ILA383.28 Million |
| 2014 | 13.33% | 4.43% | 0.11x | 26.63x | ILA126.74 Million |
| 2015 | 6.35% | 2.23% | 0.12x | 23.61x | ILA-152.01 Million |
| 2016 | 12.64% | 4.62% | 0.13x | 21.38x | ILA126.96 Million |
| 2017 | 12.43% | 4.48% | 0.14x | 19.68x | ILA138.97 Million |
| 2018 | 10.32% | 5.44% | 0.13x | 14.44x | ILA20.29 Million |
| 2019 | 4.25% | 1.25% | 0.20x | 17.24x | ILA-366.96 Million |
| 2020 | 14.67% | 6.84% | 0.14x | 14.95x | ILA372.03 Million |
| 2021 | 20.35% | 6.86% | 0.20x | 14.87x | ILA999.36 Million |
| 2022 | 12.39% | 14.81% | 0.06x | 14.54x | ILA242.65 Million |
| 2023 | 7.35% | 3.22% | 0.15x | 15.10x | ILA-280.63 Million |
| 2024 | 15.26% | 6.03% | 0.17x | 14.49x | ILA626.88 Million |
Industry Comparison
This section compares The Phoenix Holdings Ltd.'s net assets metrics with peer companies in the Insurance - Diversified industry.
Industry Context
- Industry: Insurance - Diversified
- Average net assets among peers: $3,269,505,000
- Average return on equity (ROE) among peers: 13.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| The Phoenix Holdings Ltd. (PHOE) | ILA12.36 Billion | 19.21% | 14.38x | $93.09 Million |
| Ayalon Holdings Ltd (AYAL) | $607.42 Million | 4.39% | 13.70x | $8.63 Million |
| Harel Insurance Investments & Financial Services Ltd (HARL) | $8.39 Billion | 10.80% | 15.13x | $69.53 Million |
| IDI Insurance Company Ltd (IDIN) | $814.09 Million | 25.47% | 6.46x | $9.52 Million |