Summit
Summit Real Estate Holdings Ltd is a real estate investment firm specializing in the purchase and operation of office buildings and commercial assets, which are leased to numerous commercial and industrial tenants. Summit Real Estate Holdings Ltd was founded in 1965 and is headquartered in Haifa, Israel.
Summit (SMT) - Net Assets
Latest net assets as of September 2025: ILA5.46 Billion ILA
Based on the latest financial reports, Summit (SMT) has net assets worth ILA5.46 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 (ILA10.94 Billion) and total liabilities (ILA5.48 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 | ILA5.46 Billion |
| % of Total Assets | 49.93% |
| Annual Growth Rate | 28.58% |
| 5-Year Change | 27.49% |
| 10-Year Change | 155.44% |
| Growth Volatility | 96.6 |
Summit - Net Assets Trend (2005–2024)
This chart illustrates how Summit's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Summit (2005–2024)
The table below shows the annual net assets of Summit from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ILA5.06 Billion | +1.43% |
| 2023-12-31 | ILA4.99 Billion | -2.45% |
| 2022-12-31 | ILA5.12 Billion | +21.59% |
| 2021-12-31 | ILA4.21 Billion | +5.98% |
| 2020-12-31 | ILA3.97 Billion | -3.80% |
| 2019-12-31 | ILA4.13 Billion | -4.21% |
| 2018-12-31 | ILA4.31 Billion | +47.29% |
| 2017-12-31 | ILA2.93 Billion | +23.08% |
| 2016-12-31 | ILA2.38 Billion | +19.94% |
| 2015-12-31 | ILA1.98 Billion | +54.43% |
| 2014-12-31 | ILA1.28 Billion | +52.34% |
| 2013-12-31 | ILA842.47 Million | +34.43% |
| 2012-12-31 | ILA626.67 Million | -13.19% |
| 2011-12-31 | ILA721.88 Million | +16.66% |
| 2010-12-31 | ILA618.80 Million | +18.63% |
| 2009-12-31 | ILA521.64 Million | +265.20% |
| 2008-12-31 | ILA142.84 Million | -50.87% |
| 2007-12-31 | ILA290.71 Million | +46.47% |
| 2006-12-31 | ILA198.48 Million | +365.05% |
| 2005-12-31 | ILA42.68 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Summit'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 422093500000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ILA4.22 Billion | 90.60% |
| Common Stock | ILA50.40 Million | 1.08% |
| Other Comprehensive Income | ILA-152.20 Million | -3.27% |
| Other Components | ILA539.97 Million | 11.59% |
| Total Equity | ILA4.66 Billion | 100.00% |
Summit Competitors by Market Cap
The table below lists competitors of Summit ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Emyria Ltd
AU:EMD
|
$11.75 Million |
|
J2KBIO Co., Ltd.
KQ:420570
|
$11.76 Million |
|
SCI Engineered Materials Inc
OTCQB:SCIA
|
$11.76 Million |
|
Clientron Corp.
TWO:8119
|
$11.76 Million |
|
Y-Optics Manufacture Co. Ltd
KQ:066430
|
$11.75 Million |
|
PIMS Inc.
KQ:347770
|
$11.75 Million |
|
Zodiac Energy Limited
NSE:ZODIAC
|
$11.75 Million |
|
CQV Co. Ltd
KQ:101240
|
$11.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Summit's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,385,575,000 to 4,659,095,000, a change of 273,520,000 (6.2%).
- Net income of 199,803,000 contributed positively to equity growth.
- Dividend payments of 32,787,000 reduced retained earnings.
- Other comprehensive income decreased equity by 24,813,000.
- Other factors increased equity by 131,317,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ILA199.80 Million | +4.29% |
| Dividends Paid | ILA32.79 Million | -0.7% |
| Other Comprehensive Income | ILA-24.81 Million | -0.53% |
| Other Changes | ILA131.32 Million | +2.82% |
| Total Change | ILA- | 6.24% |
Book Value vs Market Value Analysis
This analysis compares Summit'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: 86.12x
- 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 4325.77x to 86.12x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | ILA1.34 | ILA5789.00 | x |
| 2006-12-31 | ILA3.30 | ILA5789.00 | x |
| 2007-12-31 | ILA4.81 | ILA5789.00 | x |
| 2008-12-31 | ILA3.59 | ILA5789.00 | x |
| 2012-12-31 | ILA12.32 | ILA5789.00 | x |
| 2013-12-31 | ILA15.76 | ILA5789.00 | x |
| 2014-12-31 | ILA18.88 | ILA5789.00 | x |
| 2015-12-31 | ILA19.61 | ILA5789.00 | x |
| 2016-12-31 | ILA23.04 | ILA5789.00 | x |
| 2017-12-31 | ILA26.69 | ILA5789.00 | x |
| 2018-12-31 | ILA37.51 | ILA5789.00 | x |
| 2019-12-31 | ILA43.27 | ILA5789.00 | x |
| 2020-12-31 | ILA52.61 | ILA5789.00 | x |
| 2021-12-31 | ILA54.36 | ILA5789.00 | x |
| 2022-12-31 | ILA63.98 | ILA5789.00 | x |
| 2023-12-31 | ILA63.33 | ILA5789.00 | x |
| 2024-12-31 | ILA67.22 | ILA5789.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Summit 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): 4.29%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.59%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 2.26x
- Recent ROE (4.29%) is below the historical average (10.27%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | -9.21% | -5.87% | 0.05x | 33.17x | ILA-7.66 Million |
| 2006 | 80.43% | 167.88% | 0.16x | 2.95x | ILA139.80 Million |
| 2007 | 23.01% | 53.12% | 0.16x | 2.79x | ILA37.73 Million |
| 2008 | -65.36% | -354.58% | 0.05x | 3.88x | ILA-107.08 Million |
| 2010 | 21.35% | 26.46% | 0.10x | 8.05x | ILA66.82 Million |
| 2011 | 3.66% | 8.72% | 0.06x | 6.95x | ILA-43.66 Million |
| 2012 | -27.17% | -47.21% | 0.10x | 5.54x | ILA-221.53 Million |
| 2013 | 32.77% | 116.41% | 0.08x | 3.75x | ILA178.14 Million |
| 2014 | 19.73% | 82.22% | 0.07x | 3.30x | ILA97.36 Million |
| 2015 | 17.42% | 77.94% | 0.06x | 3.61x | ILA83.02 Million |
| 2016 | 18.63% | 94.90% | 0.06x | 3.16x | ILA126.80 Million |
| 2017 | 13.12% | 78.02% | 0.05x | 3.46x | ILA54.54 Million |
| 2018 | 25.97% | 145.90% | 0.05x | 3.66x | ILA393.41 Million |
| 2019 | 12.58% | 69.42% | 0.06x | 3.03x | ILA73.33 Million |
| 2020 | 10.25% | 84.14% | 0.05x | 2.34x | ILA8.99 Million |
| 2021 | 10.55% | 89.79% | 0.05x | 2.21x | ILA20.57 Million |
| 2022 | 7.56% | 43.03% | 0.07x | 2.45x | ILA-108.29 Million |
| 2023 | -4.50% | -20.86% | 0.09x | 2.43x | ILA-635.71 Million |
| 2024 | 4.29% | 21.59% | 0.09x | 2.26x | ILA-266.11 Million |
Industry Comparison
This section compares Summit'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 |
|---|---|---|---|---|
| Summit (SMT) | ILA5.46 Billion | -9.21% | 1.00x | $11.75 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 |