Shapir Engineering Industry (SPEN) - Net Assets

Latest as of September 2025: ILA3.92 Billion ILA ≈ $10.51 Million USD

Based on the latest financial reports, Shapir Engineering Industry (SPEN) has net assets worth ILA3.92 Billion ILA (≈ $10.51 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ILA16.85 Billion ≈ $45.18 Million USD) and total liabilities (ILA12.93 Billion ≈ $34.67 Million 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 SPEN asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	ILA3.92 Billion
% of Total Assets	23.26%
Annual Growth Rate	23.56%
5-Year Change	86.13%
10-Year Change	253.92%
Growth Volatility	39.33

Shapir Engineering Industry - Net Assets Trend (2012–2024)

This chart illustrates how Shapir Engineering Industry's net assets have evolved over time, based on quarterly financial data. Also explore Shapir Engineering Industry total assets for the complete picture of this company's asset base.

Annual Net Assets for Shapir Engineering Industry (2012–2024)

The table below shows the annual net assets of Shapir Engineering Industry from 2012 to 2024. For live valuation and market cap data, see Shapir Engineering Industry (SPEN) market capitalisation.

Year	Net Assets	Change
2024-12-31	ILA3.86 Billion ≈ $10.36 Million	+4.35%
2023-12-31	ILA3.70 Billion ≈ $9.92 Million	+4.28%
2022-12-31	ILA3.55 Billion ≈ $9.52 Million	+13.42%
2021-12-31	ILA3.13 Billion ≈ $8.39 Million	+50.81%
2020-12-31	ILA2.08 Billion ≈ $5.56 Million	+12.88%
2019-12-31	ILA1.84 Billion ≈ $4.93 Million	+15.47%
2018-12-31	ILA1.59 Billion ≈ $4.27 Million	+18.83%
2017-12-31	ILA1.34 Billion ≈ $3.59 Million	+10.61%
2016-12-31	ILA1.21 Billion ≈ $3.25 Million	+11.00%
2015-12-31	ILA1.09 Billion ≈ $2.93 Million	+5.11%
2014-12-31	ILA1.04 Billion ≈ $2.78 Million	+150.74%
2013-12-31	ILA414.15 Million ≈ $1.11 Million	+35.79%
2012-12-31	ILA305.00 Million ≈ $817.68K	--

Equity Component Analysis

This analysis shows how different components contribute to Shapir Engineering Industry'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 847.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	ILA2.59 Billion	82.89%
Other Components	ILA534.00 Million	17.11%
Total Equity	ILA3.12 Billion	100.00%

Shapir Engineering Industry Competitors by Market Cap

The table below lists competitors of Shapir Engineering Industry ranked by their market capitalization.

Company	Market Cap
TRI Pointe Homes Inc NYSE:TPH	$3.98 Billion
Compal Electronics Inc TW:2324	$3.98 Billion
Ninestar Corp SHE:002180	$3.99 Billion
Anhui Great Wall Military Industry Co Ltd SHG:601606	$3.99 Billion
KRONES AG(UNSP.ADR)1/2/ON F:KRNU	$3.97 Billion
Mr D I Y Group M Bhd KLSE:5296	$3.97 Billion
Pampa Energía S.A F:9PAA	$3.97 Billion
Gubre Fabrikalari TAS IS:GUBRF	$3.97 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 2,986,000,000 to 3,121,000,000, a change of 135,000,000 (4.5%).
Net income of 178,000,000 contributed positively to equity growth.
Other factors decreased equity by 43,000,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	ILA178.00 Million	+5.7%
Other Changes	ILA-43.00 Million	-1.38%
Total Change	ILA-	4.52%

Book Value vs Market Value Analysis

This analysis compares Shapir Engineering Industry'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: 475.27x
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 1085.13x to 475.27x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-12-31	ILA3.82	ILA4150.00	x
2018-12-31	ILA4.54	ILA4150.00	x
2019-12-31	ILA5.16	ILA4150.00	x
2020-12-31	ILA5.81	ILA4150.00	x
2021-12-31	ILA6.96	ILA4150.00	x
2022-12-31	ILA8.01	ILA4150.00	x
2023-12-31	ILA8.36	ILA4150.00	x
2024-12-31	ILA8.73	ILA4150.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shapir Engineering Industry 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): 5.70%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 3.50%
• Asset Turnover: 0.33x
• Equity Multiplier: 4.97x
Recent ROE (5.70%) is below the historical average (15.67%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2013	26.70%	8.39%	0.39x	8.21x	ILA69.16 Million
2014	19.44%	8.75%	0.64x	3.48x	ILA98.00 Million
2015	14.75%	6.48%	0.64x	3.53x	ILA51.86 Million
2016	15.38%	5.94%	0.59x	4.37x	ILA65.31 Million
2017	20.45%	7.72%	0.57x	4.68x	ILA140.09 Million
2018	17.90%	9.23%	0.45x	4.29x	ILA125.76 Million
2019	15.56%	9.76%	0.41x	3.93x	ILA101.95 Million
2020	15.93%	9.47%	0.45x	3.72x	ILA122.78 Million
2021	17.55%	11.21%	0.34x	4.59x	ILA187.85 Million
2022	13.38%	8.42%	0.32x	5.00x	ILA96.70 Million
2023	5.29%	3.03%	0.35x	4.98x	ILA-140.60 Million
2024	5.70%	3.50%	0.33x	4.97x	ILA-134.10 Million

Industry Comparison

This section compares Shapir Engineering Industry's net assets metrics with peer companies in the Engineering & Construction industry.

Industry Context

Industry: Engineering & Construction
Average net assets among peers: $357,621,900
Average return on equity (ROE) among peers: 3.96%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shapir Engineering Industry (SPEN)	ILA3.92 Billion	26.70%	3.30x	$3.98 Billion
Mordechai Aviv Taasiot Beniyah 1973 Ltd (AVIV)	$199.75 Million	8.61%	2.74x	$80.77 Million
Baran Group Ltd (BRAN)	$83.44 Million	4.18%	2.82x	$155.81 Million
Danya Cebus (DNYA)	$1.29 Billion	12.10%	3.52x	$1.34 Billion
El-Mor Electric Installation & Services 1986 Ltd (ELMR)	$59.72 Million	40.17%	1.84x	$253.01 Million
Electra Ltd (ELTR)	$845.13 Million	17.77%	3.53x	$2.00 Billion
Electreon Wireless Ltd (ELWS)	$22.00 Million	-65.28%	0.03x	$177.20 Million
Lapidoth (LAPD)	$365.67 Million	6.84%	0.23x	$1.31 Billion
Levinski Ofer (LEOF)	$13.56 Million	0.00%	0.07x	$36.09 Million
Levinstein Eng (LEVI)	$537.98 Million	9.71%	1.40x	$646.80 Million
Lesico Ltd (LSCO)	$155.06 Million	5.52%	2.28x	$62.06 Million

About Shapir Engineering Industry

TA:SPEN Israel Engineering & Construction

Market Cap

$3.98 Billion

ILA1.48 Trillion ILA

Market Cap Rank

#4170 Global

#26 in Israel

Share Price

ILA4150.00

Change (1 day)

-0.57%

52-Week Range

ILA2410.00 - ILA4174.00

All Time High

ILA4174.00