Thirdeye Systems Ltd
Thirdeye Systems Ltd. engages in the research and development of high-end object recognition algorithms within the thermal spectrum in Israel and internationally. It also develops solutions that are in service with the Israel Defense Forces and other defense companies. Its products include Argus Shield, a state-of-the-art detection and classification AI algorithm; MeduzaX, a C-UAV solution for un… Read more
Thirdeye Systems Ltd (THES) - Net Assets
Latest net assets as of June 2025: ILA10.34 Million ILA
Based on the latest financial reports, Thirdeye Systems Ltd (THES) has net assets worth ILA10.34 Million ILA as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ILA29.02 Million) and total liabilities (ILA18.68 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 | ILA10.34 Million |
| % of Total Assets | 35.63% |
| Annual Growth Rate | 3.14% |
| 5-Year Change | N/A |
| 10-Year Change | 1888.33% |
| Growth Volatility | 972.53 |
Thirdeye Systems Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Thirdeye Systems 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 Thirdeye Systems Ltd (2013–2024)
The table below shows the annual net assets of Thirdeye Systems Ltd from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | ILA14.32 Million | +1976.28% |
| 2023-12-31 | ILA-763.00K | +84.10% |
| 2022-12-31 | ILA-4.80 Million | -430.12% |
| 2021-12-31 | ILA1.45 Million | +124.66% |
| 2020-12-31 | ILA-5.89 Million | +66.04% |
| 2019-12-31 | ILA-17.36 Million | +25.46% |
| 2018-12-31 | ILA-23.29 Million | -25.86% |
| 2017-12-31 | ILA-18.51 Million | -11.15% |
| 2016-12-31 | ILA-16.65 Million | -2412.36% |
| 2015-12-31 | ILA720.00K | -78.85% |
| 2014-12-31 | ILA3.40 Million | -66.57% |
| 2013-12-31 | ILA10.19 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Thirdeye Systems 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 decreased by 3812000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ILA78.57 Million | 548.81% |
| Other Components | ILA3.41 Million | 23.81% |
| Total Equity | ILA14.32 Million | 100.00% |
Thirdeye Systems Ltd Competitors by Market Cap
The table below lists competitors of Thirdeye Systems Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KORE Mining Ltd
PINK:KOREF
|
$720.91K |
|
Benz Mining Corp
PINK:BENZF
|
$721.38K |
|
Mining Global Inc
PINK:MNGG
|
$721.51K |
|
Hubilu Venture Corporation
PINK:HBUV
|
$721.52K |
|
Backstageplay Inc
PINK:PRYNF
|
$720.66K |
|
HTC Purenergy Inc.
V:HTC
|
$720.58K |
|
Integrated Ventures Inc
OTCQB:INTV
|
$720.36K |
|
Hana Financial Group Inc.
KQ:086790
|
$719.98K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thirdeye Systems Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from -763,000 to 14,316,000, a change of 15,079,000.
- Net loss of 7,149,000 reduced equity.
- New share issuances of 20,853,000 increased equity.
- Other comprehensive income decreased equity by 3,814,000.
- Other factors increased equity by 5,189,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ILA-7.15 Million | -49.94% |
| Share Issuances | ILA20.85 Million | +145.66% |
| Other Comprehensive Income | ILA-3.81 Million | -26.64% |
| Other Changes | ILA5.19 Million | +36.25% |
| Total Change | ILA- | % |
Book Value vs Market Value Analysis
This analysis compares Thirdeye Systems 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: 1499.70x
- 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 226.56x to 1499.70x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | ILA4.68 | ILA1060.00 | x |
| 2014-12-31 | ILA1.56 | ILA1060.00 | x |
| 2015-12-31 | ILA0.25 | ILA1060.00 | x |
| 2016-12-31 | ILA-5.42 | ILA1060.00 | x |
| 2017-12-31 | ILA-6.02 | ILA1060.00 | x |
| 2018-12-31 | ILA-7.58 | ILA1060.00 | x |
| 2019-12-31 | ILA-5.65 | ILA1060.00 | x |
| 2020-12-31 | ILA-1.93 | ILA1060.00 | x |
| 2021-12-31 | ILA0.09 | ILA1060.00 | x |
| 2022-12-31 | ILA-0.27 | ILA1060.00 | x |
| 2023-12-31 | ILA-0.04 | ILA1060.00 | x |
| 2024-12-31 | ILA0.71 | ILA1060.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thirdeye Systems 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): -49.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -40.72%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 1.91x
- Recent ROE (-49.94%) is above the historical average (-307.44%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 145.62% | 0.00% | 0.00x | 4.09x | ILA13.81 Million |
| 2014 | -200.09% | 0.00% | 0.00x | 6.21x | ILA-7.15 Million |
| 2015 | -838.89% | 0.00% | 0.00x | 21.44x | ILA-6.11 Million |
| 2016 | 0.00% | 0.00% | 0.00x | 0.00x | ILA-15.70 Million |
| 2017 | 0.00% | 0.00% | 0.00x | 0.00x | ILA-6.40K |
| 2018 | 0.00% | 0.00% | 0.00x | 0.00x | ILA-1.47 Million |
| 2019 | 0.00% | -19.33% | 0.87x | 0.00x | ILA969.10K |
| 2020 | 0.00% | -67.57% | 1.00x | 0.00x | ILA-3.41 Million |
| 2021 | -2746.01% | -503.94% | 0.80x | 6.79x | ILA-40.07 Million |
| 2022 | 0.00% | -78.98% | 0.91x | 0.00x | ILA-7.75 Million |
| 2023 | 0.00% | -3.38% | 0.86x | 0.00x | ILA-424.70K |
| 2024 | -49.94% | -40.72% | 0.64x | 1.91x | ILA-8.58 Million |
Industry Comparison
This section compares Thirdeye Systems Ltd's net assets metrics with peer companies in the Security & Protection Services industry.
Industry Context
- Industry: Security & Protection Services
- Average net assets among peers: $64,398,000
- Average return on equity (ROE) among peers: 30.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thirdeye Systems Ltd (THES) | ILA10.34 Million | 145.62% | 1.81x | $720.84K |
| G1 Secure Solutions Ltd (GOSS) | $123.61 Million | 20.30% | 2.43x | $2.48 Million |
| Next Vision Stabilized Systems (NXSN) | $5.18 Million | 41.47% | 0.34x | $72.39 Million |