D-MARKET E.S.+T.SP.ADR/1B (8WZ) - Net Assets
Based on the latest financial reports, D-MARKET E.S.+T.SP.ADR/1B (8WZ) has net assets worth €2.01 Billion EUR (≈ $2.35 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€36.95 Billion ≈ $43.19 Billion USD) and total liabilities (€34.93 Billion ≈ $40.84 Billion 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. Check 8WZ intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €2.01 Billion |
| % of Total Assets | 5.44% |
| Annual Growth Rate | -19.59% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 32.67 |
D-MARKET E.S.+T.SP.ADR/1B - Net Assets Trend (2021–2025)
This chart illustrates how D-MARKET E.S.+T.SP.ADR/1B's net assets have evolved over time, based on quarterly financial data. See how many days can D-MARKET E.S.+T.SP.ADR/1B fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for D-MARKET E.S.+T.SP.ADR/1B (2021–2025)
The table below shows the annual net assets of D-MARKET E.S.+T.SP.ADR/1B from 2021 to 2025. For live valuation and market cap data, see market cap of D-MARKET E.S.+T.SP.ADR/1B.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €2.01 Billion ≈ $2.35 Billion |
-39.44% |
| 2024-12-31 | €3.32 Billion ≈ $3.88 Billion |
-30.35% |
| 2023-12-31 | €4.77 Billion ≈ $5.57 Billion |
+41.68% |
| 2022-12-31 | €3.37 Billion ≈ $3.93 Billion |
-30.05% |
| 2021-12-31 | €4.81 Billion ≈ $5.63 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to D-MARKET E.S.+T.SP.ADR/1B'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 1659347300000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | €20.34 Billion | 1011.22% |
| Total Equity | €2.01 Billion | 100.00% |
D-MARKET E.S.+T.SP.ADR/1B Competitors by Market Cap
The table below lists competitors of D-MARKET E.S.+T.SP.ADR/1B ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Air New Zealand Ltd
AU:AIZ
|
$835.10 Million |
|
Apotea
ST:APOTEA
|
$835.50 Million |
|
Cansino Biologics Inc
SHG:688185
|
$835.65 Million |
|
Anpec Electronics
TWO:6138
|
$836.00 Million |
|
Hangzhou Biotest Biotech Co Ltd
SHG:688767
|
$834.53 Million |
|
Hiwin Mikrosystem Corp
TW:4576
|
$834.15 Million |
|
Cablevision Holding SA
BA:CVH
|
$833.39 Million |
|
Hangzhou Fortune Gas Cryogenic Group Co. Ltd. A
SHG:603173
|
$833.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in D-MARKET E.S.+T.SP.ADR/1B's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,321,480,000 to 2,011,596,000, a change of -1,309,884,000 (-39.4%).
- Net loss of 5,699,176,000 reduced equity.
- New share issuances of 4,171,960,000 increased equity.
- Other factors increased equity by 217,332,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-5.70 Billion | -283.32% |
| Share Issuances | €4.17 Billion | +207.4% |
| Other Changes | €217.33 Million | +10.8% |
| Total Change | €- | -39.44% |
Book Value vs Market Value Analysis
This analysis compares D-MARKET E.S.+T.SP.ADR/1B'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: 0.42x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.16x to 0.42x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | €14.76 | €2.36 | x |
| 2022-12-31 | €10.32 | €2.36 | x |
| 2023-12-31 | €14.63 | €2.36 | x |
| 2024-12-31 | €10.19 | €2.36 | x |
| 2025-12-31 | €5.56 | €2.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently D-MARKET E.S.+T.SP.ADR/1B 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): -283.32%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.73%
- • Asset Turnover: 2.29x
- • Equity Multiplier: 18.37x
- Recent ROE (-283.32%) is below the historical average (-123.65%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -69.20% | -13.43% | 1.85x | 2.78x | €-3.81 Billion |
| 2022 | -205.50% | -18.09% | 2.30x | 4.93x | €-7.25 Billion |
| 2023 | 2.99% | 0.21% | 2.65x | 5.32x | €-334.11 Million |
| 2024 | -63.25% | -2.81% | 2.86x | 7.87x | €-2.43 Billion |
| 2025 | -283.32% | -6.73% | 2.29x | 18.37x | €-5.90 Billion |
Industry Comparison
This section compares D-MARKET E.S.+T.SP.ADR/1B's net assets metrics with peer companies in the Internet Retail industry.
Industry Context
- Industry: Internet Retail
- Average net assets among peers: $72,219,868,898
- Average return on equity (ROE) among peers: 4.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| D-MARKET E.S.+T.SP.ADR/1B (8WZ) | €2.01 Billion | -69.20% | 17.37x | $834.81 Million |
| JD.com Inc Adr (013A) | $204.49 Billion | 24.16% | 1.07x | $34.07 Billion |
| JD.com Inc. (013C) | $296.38 Billion | 8.15% | 1.12x | $35.76 Billion |
| Vipshop Holdings Limited (1VPA) | $38.56 Billion | 21.05% | 0.88x | $5.36 Billion |
| BAOZUN INC. A DL -0001 (2BZ) | $6.48 Billion | -3.39% | 0.90x | $124.51 Million |
| Baozun Inc (2BZA) | $2.20 Billion | 12.29% | 0.83x | $130.21 Million |
| YESASIA HOLDINGS LTD (4CM) | $52.99 Million | 35.96% | 1.28x | $135.32 Million |
| GIGLIO.COM S.P.A. O.N. (5JR0) | $7.84 Million | -16.31% | 1.07x | $6.29 Million |
| MERCARI INC. UNSP.ADR/1/2 (6TP0) | $99.64 Billion | 26.21% | 4.46x | $3.35 Billion |
| Coupang Inc. (788) | $2.18 Billion | -70.91% | 2.97x | $25.88 Billion |
About D-MARKET E.S.+T.SP.ADR/1B
D-Market Elektronik Hizmetler ve Ticaret A.S. operates e-commerce platforms in Turkey. The company operates www.hepsiburada.com, a retail website that provides electronics and non-electronics products, such as books, sports, toys, kids and baby products, cosmetics, furniture, etc. It also operates Hepsiburada Market, an app-in-app initiative and on-demand delivery service; HepsiJet that provides … Read more