Top Systems-L

TA:TOPS Israel Information Technology Services
Market Cap
$74.64 Million
ILA27.84 Billion ILA
Market Cap Rank
#36672 Global
#258 in Israel
Share Price
ILA1314.00
Change (1 day)
+4.04%
52-Week Range
ILA1171.00 - ILA1531.00
All Time High
ILA1531.00
Categories
Companies in Israel Information Technology Services Technology AI & Machine Learning
About

Top Ramdor Systems & Computers Co. (1990) Ltd develops, markets, and sells software products and services in Israel and internationally. The company provides Engineering Project Management, a construction project control and management system solution; Task Management Processes software solution for tracking and controlling organizational processes; Feedback Management software system for managin… Read more

Top Systems-L (TOPS) - Net Assets

Latest net assets as of June 2025: ILA83.21 Million ILA

Based on the latest financial reports, Top Systems-L (TOPS) has net assets worth ILA83.21 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 (ILA317.64 Million) and total liabilities (ILA234.43 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 ILA83.21 Million
% of Total Assets 26.2%
Annual Growth Rate 12.78%
5-Year Change 72.57%
10-Year Change 243.4%
Growth Volatility 7.31

Top Systems-L - Net Assets Trend (2008–2024)

This chart illustrates how Top Systems-L's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Top Systems-L (2008–2024)

The table below shows the annual net assets of Top Systems-L from 2008 to 2024.

Year Net Assets Change
2024-12-31 ILA83.81 Million +13.93%
2023-12-31 ILA73.56 Million +8.80%
2022-12-31 ILA67.61 Million +15.13%
2021-12-31 ILA58.73 Million +20.92%
2020-12-31 ILA48.56 Million +15.95%
2019-12-31 ILA41.89 Million +12.49%
2018-12-31 ILA37.23 Million +10.21%
2017-12-31 ILA33.78 Million +24.00%
2016-12-31 ILA27.25 Million +11.64%
2015-12-31 ILA24.41 Million +26.35%
2014-12-31 ILA19.32 Million +10.60%
2013-12-31 ILA17.46 Million +19.35%
2012-12-31 ILA14.63 Million +14.08%
2011-12-31 ILA12.83 Million +1.02%
2010-12-31 ILA12.70 Million +4.84%
2009-12-31 ILA12.11 Million -0.96%
2008-12-31 ILA12.23 Million --

Equity Component Analysis

This analysis shows how different components contribute to Top Systems-L'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 4455100000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings ILA44.55 Million 57.94%
Common Stock ILA2.13 Million 2.76%
Other Comprehensive Income ILA-7.32 Million -9.52%
Other Components ILA37.53 Million 48.81%
Total Equity ILA76.89 Million 100.00%

Top Systems-L Competitors by Market Cap

The table below lists competitors of Top Systems-L ranked by their market capitalization.

Company Market Cap
GRACO (GA8.SG)
STU:GA8
 		$754.30K
IMPLENIA N (I8T.SG)
STU:I8T
 		$754.32K
Waseco Resources Inc
PINK:WSRUF
 		$754.37K
Mobile-health Network Solutions Class A Ordinary Shares
NASDAQ:MNDR
 		$754.47K
PRINCIPAL FINANCIAL (PG4.SG)
STU:PG4
 		$752.69K
Respiratorius AB (publ)
F:HF00
 		$752.26K
SHAREHOLD VAL BET. - Dusseldorf Stock Exchang
DU:SVE
 		$751.18K
Heartbeam Inc. Warrant
NASDAQ:BEATW
 		$750.91K

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Top Systems-L's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 67,262,000 to 76,893,000, a change of 9,631,000 (14.3%).
  • Net income of 15,532,000 contributed positively to equity growth.
  • Dividend payments of 6,000,000 reduced retained earnings.
  • Other comprehensive income increased equity by 99,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income ILA15.53 Million +20.2%
Dividends Paid ILA6.00 Million -7.8%
Other Comprehensive Income ILA99.00K +0.13%
Total Change ILA- 14.32%

Book Value vs Market Value Analysis

This analysis compares Top Systems-L'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: 362.07x
  • 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 1608.89x to 362.07x 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 ILA0.82 ILA1314.00 x
2013-12-31 ILA0.89 ILA1314.00 x
2014-12-31 ILA1.09 ILA1314.00 x
2015-12-31 ILA1.31 ILA1314.00 x
2016-12-31 ILA1.37 ILA1314.00 x
2017-12-31 ILA1.51 ILA1314.00 x
2018-12-31 ILA1.66 ILA1314.00 x
2019-12-31 ILA1.87 ILA1314.00 x
2020-12-31 ILA2.19 ILA1314.00 x
2021-12-31 ILA2.65 ILA1314.00 x
2022-12-31 ILA2.85 ILA1314.00 x
2023-12-31 ILA3.17 ILA1314.00 x
2024-12-31 ILA3.63 ILA1314.00 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Top Systems-L 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): 20.20%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 5.78%
  • • Asset Turnover: 0.79x
  • • Equity Multiplier: 4.40x
  • Recent ROE (20.20%) is above the historical average (19.64%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2012 12.73% 3.29% 1.64x 2.36x ILA395.50K
2013 14.68% 3.91% 1.49x 2.53x ILA739.40K
2014 22.59% 7.93% 1.13x 2.53x ILA2.43 Million
2015 19.61% 6.75% 1.33x 2.19x ILA2.35 Million
2016 19.35% 6.88% 1.25x 2.25x ILA2.55 Million
2017 20.50% 7.17% 0.96x 2.96x ILA3.22 Million
2018 20.50% 6.36% 1.09x 2.96x ILA3.60 Million
2019 17.25% 5.33% 0.99x 3.25x ILA2.83 Million
2020 20.11% 7.39% 0.89x 3.07x ILA4.69 Million
2021 25.08% 7.97% 0.86x 3.65x ILA8.47 Million
2022 24.76% 6.98% 0.81x 4.36x ILA8.90 Million
2023 18.00% 5.11% 0.82x 4.28x ILA5.38 Million
2024 20.20% 5.78% 0.79x 4.40x ILA7.84 Million

Industry Comparison

This section compares Top Systems-L's net assets metrics with peer companies in the Information Technology Services industry.

Industry Context

  • Industry: Information Technology Services
  • Average net assets among peers: $200,423,556
  • Average return on equity (ROE) among peers: 8.22%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Top Systems-L (TOPS) ILA83.21 Million 12.73% 2.82x $753.78K
Computer Direct (CMDR) $83.05 Million 0.00% 3.38x $2.76 Million
E & M Computing Ltd (EMCO) $251.56 Million 16.82% 1.39x $1.06 Million
Formula (FORTY) $236.60 Million 11.24% 0.46x $15.95 Million
Hilan Ltd (HLAN) $334.05 Million 30.81% 1.98x $13.62 Million
Malam Team (MLTM) $445.05 Million 18.16% 1.56x $6.23 Million
Menara Ventures Xl - Limited Partnership (MNRA) $32.32 Million 0.13% 0.07x $246.82K
Matrix (MTRX) $412.96 Million 18.09% 1.01x $17.26 Million
Speedvalue Ltd (SPDV) $10.41 Million -21.27% 3.17x $131.44K
Tondo Smart Ltd (TNDO) $-2.19 Million 0.00% 0.00x $219.40K