Sarfati
Zvi Sarfati & Sons Investments & Constructions Ltd., through its subsidiaries, constructs and sells residential projects, apartments, and commercial spaces and offices in Israel. The company was incorporated in 1992 and is based in Rishon LeZion, Israel.
Sarfati (SRFT) - Net Assets
Latest net assets as of September 2025: ILA587.31 Million ILA
Based on the latest financial reports, Sarfati (SRFT) has net assets worth ILA587.31 Million ILA as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ILA1.43 Billion) and total liabilities (ILA846.46 Million). 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 | ILA587.31 Million |
| % of Total Assets | 40.96% |
| Annual Growth Rate | 13.25% |
| 5-Year Change | 103.02% |
| 10-Year Change | 315.38% |
| Growth Volatility | 21.3 |
Sarfati - Net Assets Trend (2005–2024)
This chart illustrates how Sarfati's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sarfati (2005–2024)
The table below shows the annual net assets of Sarfati from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ILA524.64 Million | +4.63% |
| 2023-12-31 | ILA501.42 Million | +3.70% |
| 2022-12-31 | ILA483.52 Million | +23.93% |
| 2021-12-31 | ILA390.16 Million | +50.98% |
| 2020-12-31 | ILA258.42 Million | -3.92% |
| 2019-12-31 | ILA268.98 Million | +1.55% |
| 2018-12-31 | ILA264.86 Million | +30.70% |
| 2017-12-31 | ILA202.65 Million | +72.49% |
| 2016-12-31 | ILA117.48 Million | -6.98% |
| 2015-12-31 | ILA126.30 Million | +18.97% |
| 2014-12-31 | ILA106.17 Million | -0.01% |
| 2013-12-31 | ILA106.18 Million | -4.01% |
| 2012-12-31 | ILA110.61 Million | +39.18% |
| 2011-12-31 | ILA79.47 Million | +26.68% |
| 2010-12-31 | ILA62.74 Million | -5.14% |
| 2009-12-31 | ILA66.14 Million | -4.27% |
| 2008-12-31 | ILA69.09 Million | +13.22% |
| 2007-12-31 | ILA61.02 Million | -0.63% |
| 2006-12-31 | ILA61.41 Million | +24.41% |
| 2005-12-31 | ILA49.36 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sarfati'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 38391600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ILA383.92 Million | 73.18% |
| Common Stock | ILA27.82 Million | 5.30% |
| Other Components | ILA112.90 Million | 21.52% |
| Total Equity | ILA524.64 Million | 100.00% |
Sarfati Competitors by Market Cap
The table below lists competitors of Sarfati ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
OSI SYSTEMS
MU:OS2
|
$2.30 Million |
|
Vinny Overseas Limited
NSE:VINNY
|
$2.30 Million |
|
Good Gamer Entertainment Inc
OTCQB:GGAMF
|
$2.30 Million |
|
Nine Mile Metals Ltd
PINK:VMSXF
|
$2.30 Million |
|
CryptoStar Corp
OTCQB:CSTXF
|
$2.30 Million |
|
Sadot Group Inc.
NASDAQ:SDOT
|
$2.30 Million |
|
Diablo Resources Limited
PINK:DBORF
|
$2.30 Million |
|
Oblong Inc
NASDAQ:OBLG
|
$2.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sarfati's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 501,419,000 to 524,642,000, a change of 23,223,000 (4.6%).
- Net income of 51,535,000 contributed positively to equity growth.
- Dividend payments of 28,383,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ILA51.53 Million | +9.82% |
| Dividends Paid | ILA28.38 Million | -5.41% |
| Other Changes | ILA71.00K | +0.01% |
| Total Change | ILA- | 4.63% |
Book Value vs Market Value Analysis
This analysis compares Sarfati'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: 151.88x
- 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 561.45x to 151.88x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | ILA8.16 | ILA4580.00 | x |
| 2013-12-31 | ILA9.04 | ILA4580.00 | x |
| 2014-12-31 | ILA9.04 | ILA4580.00 | x |
| 2015-12-31 | ILA7.24 | ILA4580.00 | x |
| 2016-12-31 | ILA9.99 | ILA4580.00 | x |
| 2017-12-31 | ILA11.61 | ILA4580.00 | x |
| 2018-12-31 | ILA15.21 | ILA4580.00 | x |
| 2019-12-31 | ILA15.45 | ILA4580.00 | x |
| 2020-12-31 | ILA14.85 | ILA4580.00 | x |
| 2021-12-31 | ILA22.43 | ILA4580.00 | x |
| 2022-12-31 | ILA27.79 | ILA4580.00 | x |
| 2023-12-31 | ILA28.82 | ILA4580.00 | x |
| 2024-12-31 | ILA30.16 | ILA4580.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sarfati 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): 9.82%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.69%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 2.63x
- Recent ROE (9.82%) is below the historical average (10.10%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 15.21% | 10.36% | 0.24x | 6.04x | ILA4.99 Million |
| 2013 | 7.89% | 7.11% | 0.18x | 6.24x | ILA-2.24 Million |
| 2014 | -3.13% | -3.94% | 0.12x | 6.82x | ILA-13.93 Million |
| 2015 | 16.14% | 7.63% | 0.40x | 5.34x | ILA7.76 Million |
| 2016 | -7.35% | -16.56% | 0.06x | 6.89x | ILA-20.38 Million |
| 2017 | 13.57% | 15.34% | 0.20x | 4.45x | ILA7.23 Million |
| 2018 | 7.24% | 11.71% | 0.22x | 2.82x | ILA-7.32 Million |
| 2019 | 5.09% | 10.67% | 0.16x | 3.00x | ILA-13.21 Million |
| 2020 | 1.57% | 2.41% | 0.19x | 3.33x | ILA-21.79 Million |
| 2021 | 35.23% | 24.54% | 0.58x | 2.46x | ILA98.43 Million |
| 2022 | 23.48% | 24.18% | 0.38x | 2.54x | ILA65.18 Million |
| 2023 | 6.59% | 11.13% | 0.22x | 2.64x | ILA-17.07 Million |
| 2024 | 9.82% | 10.69% | 0.35x | 2.63x | ILA-929.20K |
Industry Comparison
This section compares Sarfati's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $945,865,900
- Average return on equity (ROE) among peers: 15.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sarfati (SRFT) | ILA587.31 Million | 15.21% | 1.44x | $2.30 Million |
| Kvutzat Acro Ltd. (ACRO) | $1.27 Billion | 4.22% | 2.11x | $8.59 Million |
| Africa Israel Residences Ltd (AFRE) | $693.46 Million | 6.30% | 2.76x | $10.34 Million |
| Ashtrom Group Ltd (ASHG) | $5.14 Billion | 3.30% | 3.25x | $20.20 Million |
| Aura Investments Ltd (AURA) | $133.25 Million | 41.78% | 8.11x | $16.60 Million |
| Av Gad Holdings Ltd (AVGD) | $26.41 Million | 63.52% | 2.56x | $855.64K |
| Carasso Real Estate Ltd (CRSR) | $772.73 Million | 10.18% | 2.31x | $680.28 Million |
| GavYam Lands Corp Ltd (GVYM) | $818.27 Million | 7.05% | 1.60x | $25.05 Million |
| Hagag Europe Development ZF Ltd (HGGE) | $59.68 Million | -9.56% | 1.46x | $2.27 Million |
| Hanan Mor (HNMR) | $50.54 Million | 17.37% | 13.35x | $40.22K |
| Hiron-Trade Investments & Industrial Buildings Ltd (HRON) | $501.44 Million | 6.70% | 0.51x | $3.16 Million |