Thirdeye Systems Ltd (THES) - Net Assets
Based on the latest financial reports, Thirdeye Systems Ltd (THES) has net assets worth ILA3.69 Million ILA (≈ $9.88K USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ILA34.97 Million ≈ $93.74K USD) and total liabilities (ILA31.28 Million ≈ $83.86K 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. Explore THES cash flow conversion to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ILA3.69 Million |
| % of Total Assets | 10.54% |
| Annual Growth Rate | -8.12% |
| 5-Year Change | 153.44% |
| 10-Year Change | N/A |
| Growth Volatility | 910.53 |
Thirdeye Systems Ltd - Net Assets Trend (2013–2025)
This chart illustrates how Thirdeye Systems Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Thirdeye Systems Ltd total assets for the complete picture of this company's asset base.
Annual Net Assets for Thirdeye Systems Ltd (2013–2025)
The table below shows the annual net assets of Thirdeye Systems Ltd from 2013 to 2025. For live valuation and market cap data, see THES market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | ILA3.69 Million ≈ $9.88K |
-74.26% |
| 2024-12-31 | ILA14.32 Million ≈ $38.38K |
+1976.28% |
| 2023-12-31 | ILA-763.00K ≈ $-2.05K |
+84.10% |
| 2022-12-31 | ILA-4.80 Million ≈ $-12.87K |
-430.12% |
| 2021-12-31 | ILA1.45 Million ≈ $3.90K |
+124.66% |
| 2020-12-31 | ILA-5.89 Million ≈ $-15.80K |
+66.04% |
| 2019-12-31 | ILA-17.36 Million ≈ $-46.54K |
+25.46% |
| 2018-12-31 | ILA-23.29 Million ≈ $-62.44K |
-25.86% |
| 2017-12-31 | ILA-18.51 Million ≈ $-49.61K |
-11.15% |
| 2016-12-31 | ILA-16.65 Million ≈ $-44.64K |
-2412.36% |
| 2015-12-31 | ILA720.00K ≈ $1.93K |
-78.85% |
| 2014-12-31 | ILA3.40 Million ≈ $9.13K |
-66.57% |
| 2013-12-31 | ILA10.19 Million ≈ $27.31K |
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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 5118300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Comprehensive Income | ILA4.97 Million | 148.85% |
| Other Components | ILA79.09 Million | 2370.18% |
| Total Equity | ILA3.34 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 |
|---|---|
|
Pulmonx Corp
NASDAQ:LUNG
|
$53.22 Million |
|
Metair
JSE:MTA
|
$53.23 Million |
|
VirnetX Holding Corp Common Stock
NASDAQ:VHC
|
$53.24 Million |
|
Where Food Comes From Inc
NASDAQ:WFCF
|
$53.25 Million |
|
Sigong Tech Co. Ltd
KQ:020710
|
$53.20 Million |
|
Electrocore LLC
NASDAQ:ECOR
|
$53.18 Million |
|
Arn Media Ltd
AU:A1N
|
$53.16 Million |
|
Citizens Holding Company
NASDAQ:CIZN
|
$53.16 Million |
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 2024 to 2025, total equity changed from 14,316,000 to 3,337,000, a change of -10,979,000 (-76.7%).
- Net loss of 13,063,000 reduced equity.
- Other comprehensive income increased equity by 4,967,000.
- Other factors decreased equity by 2,883,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ILA-13.06 Million | -391.46% |
| Other Comprehensive Income | ILA4.97 Million | +148.85% |
| Other Changes | ILA-2.88 Million | -86.39% |
| Total Change | ILA- | -76.69% |
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: 5154.18x
- 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 145.77x to 5154.18x 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 | ILA682.00 | x |
| 2014-12-31 | ILA1.56 | ILA682.00 | x |
| 2015-12-31 | ILA0.25 | ILA682.00 | x |
| 2016-12-31 | ILA-5.42 | ILA682.00 | x |
| 2017-12-31 | ILA-6.02 | ILA682.00 | x |
| 2018-12-31 | ILA-7.58 | ILA682.00 | x |
| 2019-12-31 | ILA-5.65 | ILA682.00 | x |
| 2020-12-31 | ILA-1.93 | ILA682.00 | x |
| 2021-12-31 | ILA0.09 | ILA682.00 | x |
| 2022-12-31 | ILA-0.27 | ILA682.00 | x |
| 2023-12-31 | ILA-0.04 | ILA682.00 | x |
| 2024-12-31 | ILA0.71 | ILA682.00 | x |
| 2025-12-31 | ILA0.13 | ILA682.00 | 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): -391.46%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -62.40%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 10.48x
- Recent ROE (-391.46%) is below the historical average (-313.91%), 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 | 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 |
| 2025 | -391.46% | -62.40% | 0.60x | 10.48x | ILA-13.40 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: $103,144,500
- Average return on equity (ROE) among peers: 29.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thirdeye Systems Ltd (THES) | ILA3.69 Million | 145.62% | 8.49x | $53.21 Million |
| G1 Secure Solutions Ltd (GOSS) | $126.36 Million | 24.30% | 2.36x | $247.62 Million |
| Next Vision Stabilized Systems (NXSN) | $79.93 Million | 34.49% | 0.21x | $6.76 Billion |
About 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