Trendline
Trendline Information and Communication Services Ltd. provides information and communication services for business users in Israel. The company operates Bizportal, a financial site that provides various tools and information for investors to make economic decisions in the capital market. Its portal also provides services in the areas of real estate, options, bonds, ETFs, mutual funds, provident f… Read more
Trendline (TREN) - Net Assets
Latest net assets as of June 2019: ILA109.89 Million ILA
Based on the latest financial reports, Trendline (TREN) has net assets worth ILA109.89 Million ILA as of June 2019.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (ILA153.25 Million) and total liabilities (ILA43.35 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 | ILA109.89 Million |
| % of Total Assets | 71.71% |
| Annual Growth Rate | 8.26% |
| 5-Year Change | 20.37% |
| 10-Year Change | 120.7% |
| Growth Volatility | 10.41 |
Trendline - Net Assets Trend (2003–2018)
This chart illustrates how Trendline's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Trendline (2003–2018)
The table below shows the annual net assets of Trendline from 2003 to 2018.
| Year | Net Assets | Change |
|---|---|---|
| 2018-12-31 | ILA106.61 Million | +15.42% |
| 2017-12-31 | ILA92.37 Million | +5.60% |
| 2016-12-31 | ILA87.47 Million | +5.89% |
| 2015-12-31 | ILA82.60 Million | -6.74% |
| 2014-12-31 | ILA88.57 Million | +6.69% |
| 2013-12-31 | ILA83.01 Million | +2.41% |
| 2012-12-31 | ILA81.06 Million | +3.48% |
| 2011-12-31 | ILA78.34 Million | +37.55% |
| 2010-12-31 | ILA56.95 Million | +17.90% |
| 2009-12-31 | ILA48.31 Million | +7.64% |
| 2008-12-31 | ILA44.88 Million | +22.73% |
| 2007-12-31 | ILA36.57 Million | +1.92% |
| 2006-12-31 | ILA35.88 Million | +5.75% |
| 2005-12-31 | ILA33.93 Million | +3.46% |
| 2004-12-31 | ILA32.79 Million | +1.14% |
| 2003-12-31 | ILA32.42 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Trendline'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 1704.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2018)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ILA85.60 Million | 81.22% |
| Common Stock | ILA2.02 Million | 1.92% |
| Other Components | ILA17.78 Million | 16.86% |
| Total Equity | ILA105.40 Million | 100.00% |
Trendline Competitors by Market Cap
The table below lists competitors of Trendline ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rathbone Brothers PLC
LSE:RAT
|
$277.87K |
|
Able View Global Inc. Warrant
NASDAQ:ABLVW
|
$277.93K |
|
Comjoyful International Company
PINK:KJFI
|
$278.20K |
|
Sunindo Adipersada Tbk Pt
JK:TOYS
|
$278.27K |
|
Synel M.L.L Payway Ltd
TA:SNEL
|
$277.66K |
|
STATOIL
MU:DNQ
|
$277.42K |
|
NATIONAL AUSTRAL BK
MU:NAL
|
$277.38K |
|
Redwood Pharma AB
ST:REDW
|
$277.13K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trendline's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2017 to 2018, total equity changed from 92,983,000 to 105,402,000, a change of 12,419,000 (13.4%).
- Net income of 18,583,000 contributed positively to equity growth.
- Dividend payments of 6,000,000 reduced retained earnings.
Equity Change Factors (2017 to 2018)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ILA18.58 Million | +17.63% |
| Dividends Paid | ILA6.00 Million | -5.69% |
| Other Changes | ILA-164.00K | -0.16% |
| Total Change | ILA- | 13.36% |
Book Value vs Market Value Analysis
This analysis compares Trendline'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.
Insufficient data available to analyze book value vs market value.
Capital Efficiency Dashboard
This dashboard shows how efficiently Trendline 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): 17.63%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.72%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 1.43x
- Recent ROE (17.63%) is below the historical average (21.21%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 18.54% | 22.71% | 0.63x | 1.29x | ILA2.77 Million |
| 2004 | 15.44% | 16.73% | 0.70x | 1.32x | ILA1.78 Million |
| 2005 | 16.70% | 15.61% | 0.79x | 1.35x | ILA2.23 Million |
| 2006 | 29.10% | 21.67% | 0.89x | 1.51x | ILA6.80 Million |
| 2007 | 43.63% | 27.18% | 1.06x | 1.51x | ILA12.30 Million |
| 2008 | 31.77% | 21.79% | 1.02x | 1.42x | ILA9.69 Million |
| 2009 | 40.57% | 28.71% | 0.97x | 1.46x | ILA14.62 Million |
| 2010 | 32.56% | 24.88% | 0.87x | 1.51x | ILA12.80 Million |
| 2011 | 38.19% | 35.27% | 0.70x | 1.54x | ILA22.04 Million |
| 2012 | 13.51% | 13.09% | 0.66x | 1.57x | ILA2.83 Million |
| 2013 | 13.07% | 13.12% | 0.64x | 1.55x | ILA2.52 Million |
| 2014 | 10.68% | 11.43% | 0.61x | 1.53x | ILA599.70K |
| 2015 | -4.89% | -5.20% | 0.62x | 1.52x | ILA-12.22 Million |
| 2016 | 10.47% | 11.90% | 0.58x | 1.52x | ILA414.00K |
| 2017 | 12.43% | 15.90% | 0.56x | 1.41x | ILA2.26 Million |
| 2018 | 17.63% | 21.72% | 0.57x | 1.43x | ILA8.04 Million |
Industry Comparison
This section compares Trendline's net assets metrics with peer companies in the Professional & Commercial Services industry.
Industry Context
- Industry: Professional & Commercial Services
- Average net assets among peers: $5,310,000
- Average return on equity (ROE) among peers: 0.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trendline (TREN) | ILA109.89 Million | 18.54% | 0.39x | $277.77K |
| Infimer Ltd (INFR) | $5.31 Million | 0.00% | 15.87x | $48.22K |