Shemen Industries Ltd (SMNIN) - Net Assets
Based on the latest financial reports, Shemen Industries Ltd (SMNIN) has net assets worth ILA358.62 Million ILA (≈ $961.43K USD) as of March 2023. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ILA447.54 Million ≈ $1.20 Million USD) and total liabilities (ILA88.93 Million ≈ $238.41K 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. Check strategic asset allocation of Shemen Industries Ltd to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ILA358.62 Million |
| % of Total Assets | 80.13% |
| Annual Growth Rate | 16.11% |
| 5-Year Change | 46.58% |
| 10-Year Change | 876.79% |
| Growth Volatility | 4585.04 |
Shemen Industries Ltd - Net Assets Trend (2005–2022)
This chart illustrates how Shemen Industries Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see SMNIN company net worth.
Annual Net Assets for Shemen Industries Ltd (2005–2022)
The table below shows the annual net assets of Shemen Industries Ltd from 2005 to 2022. Also explore net asset growth rate of Shemen Industries Ltd to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | ILA360.48 Million ≈ $966.42K |
+26.18% |
| 2021-12-31 | ILA285.68 Million ≈ $765.88K |
+130.54% |
| 2020-12-31 | ILA123.92 Million ≈ $332.22K |
-44.68% |
| 2019-12-31 | ILA224.02 Million ≈ $600.59K |
-8.91% |
| 2018-12-31 | ILA245.93 Million ≈ $659.32K |
+5.22% |
| 2017-12-31 | ILA233.74 Million ≈ $626.64K |
+32.38% |
| 2016-12-31 | ILA176.57 Million ≈ $473.37K |
+16.28% |
| 2015-12-31 | ILA151.84 Million ≈ $407.09K |
+10.94% |
| 2014-12-31 | ILA136.87 Million ≈ $366.93K |
+270.87% |
| 2013-12-31 | ILA36.90 Million ≈ $98.94K |
-10.04% |
| 2012-12-31 | ILA41.02 Million ≈ $109.98K |
-9.32% |
| 2011-12-31 | ILA45.24 Million ≈ $121.28K |
-8.61% |
| 2010-12-31 | ILA49.50 Million ≈ $132.71K |
-12.26% |
| 2009-12-31 | ILA56.41 Million ≈ $151.24K |
-4.82% |
| 2008-12-31 | ILA59.27 Million ≈ $158.91K |
+18958.52% |
| 2006-12-31 | ILA311.00K ≈ $833.78 |
-98.91% |
| 2005-12-31 | ILA28.45 Million ≈ $76.27K |
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Equity Component Analysis
This analysis shows how different components contribute to Shemen Industries 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 2024300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ILA20.24 Million | 5.62% |
| Common Stock | ILA63.39 Million | 17.59% |
| Other Components | ILA276.84 Million | 76.80% |
| Total Equity | ILA360.48 Million | 100.00% |
Shemen Industries Ltd Competitors by Market Cap
The table below lists competitors of Shemen Industries Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cherry Hill Mortgage Investment Corp
NYSE:CHMI
|
$89.82 Million |
|
Panasonic Manufacture Malaysia
KLSE:3719
|
$89.83 Million |
|
Michael Hill International Ltd
AU:MHJ
|
$89.86 Million |
|
Miluna Acquisition Corp Class A Ordinary Share
NASDAQ:MMTX
|
$89.87 Million |
|
Fleury Michon
PA:ALFLE
|
$89.82 Million |
|
Aspire Mining Ltd
AU:AKM
|
$89.80 Million |
|
Engtex Group Bhd
KLSE:5056
|
$89.80 Million |
|
Invictus Energy Ltd
AU:IVZ
|
$89.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shemen Industries Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 285,675,000 to 360,475,000, a change of 74,800,000 (26.2%).
- Net income of 71,701,000 contributed positively to equity growth.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ILA71.70 Million | +19.89% |
| Other Changes | ILA3.10 Million | +0.86% |
| Total Change | ILA- | 26.18% |
Book Value vs Market Value Analysis
This analysis compares Shemen Industries 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: 92.94x
- 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 189.75x to 92.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | ILA7.96 | ILA1510.00 | x |
| 2017-12-31 | ILA10.53 | ILA1510.00 | x |
| 2018-12-31 | ILA11.08 | ILA1510.00 | x |
| 2019-12-31 | ILA10.10 | ILA1510.00 | x |
| 2020-12-31 | ILA5.58 | ILA1510.00 | x |
| 2021-12-31 | ILA12.88 | ILA1510.00 | x |
| 2022-12-31 | ILA16.25 | ILA1510.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shemen Industries 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): 19.89%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1240.93%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.26x
- Recent ROE (19.89%) is above the historical average (1.78%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 3.65% | 0.21% | 1.55x | 11.08x | ILA-2.61 Million |
| 2013 | -3.84% | -0.22% | 1.53x | 11.21x | ILA-5.11 Million |
| 2014 | 23.68% | 5.42% | 1.34x | 3.26x | ILA18.72 Million |
| 2015 | 5.99% | 1.59% | 1.31x | 2.87x | ILA-6.10 Million |
| 2016 | 9.56% | 2.75% | 1.28x | 2.73x | ILA-771.80K |
| 2017 | 31.14% | 12.88% | 1.30x | 1.85x | ILA49.42 Million |
| 2018 | 0.85% | 0.37% | 1.26x | 1.80x | ILA-22.50 Million |
| 2019 | -3.30% | -1.45% | 1.21x | 1.87x | ILA-29.80 Million |
| 2020 | -71.68% | -18.18% | 1.82x | 2.17x | ILA-101.22 Million |
| 2021 | 3.68% | 385.57% | 0.01x | 1.23x | ILA-18.06 Million |
| 2022 | 19.89% | 1240.93% | 0.01x | 1.26x | ILA35.65 Million |
Industry Comparison
This section compares Shemen Industries Ltd's net assets metrics with peer companies in the Real Estate Operations industry.
Industry Context
- Industry: Real Estate Operations
- Average net assets among peers: $461,806,800
- Average return on equity (ROE) among peers: 6.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shemen Industries Ltd (SMNIN) | ILA358.62 Million | 3.65% | 0.25x | $89.82 Million |
| Arena Star Group Ltd (ARNA) | $703.43 Million | 0.39% | 1.65x | $1.81 Billion |
| Aviv Arlon Ltd (AVLN) | $104.38 Million | 11.25% | 2.30x | $91.31 Million |
| Bayside Land Corporation Ltd (BYSD) | $828.35 Million | 11.35% | 1.54x | $2.18 Billion |
| Gazit Globe Ltd (GZT) | $726.64 Million | 9.69% | 5.82x | $495.03 Million |
| Kardan NV (KRNV) | $-53.76 Million | 0.00% | 0.00x | $26.76 |
About Shemen Industries Ltd
Shemen Industries Ltd engages in leasing real estate properties to various tenants. The company is based in Haifa, Israel.