Turkcell Iletisim Hizmetleri A.S (TUL1) - Net Assets

Latest as of September 2025: €243.03 Billion EUR ≈ $284.13 Billion USD

Based on the latest financial reports, Turkcell Iletisim Hizmetleri A.S (TUL1) has net assets worth €243.03 Billion EUR (≈ $284.13 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€491.42 Billion ≈ $574.52 Billion USD) and total liabilities (€248.39 Billion ≈ $290.39 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 TUL1 capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric Value
Current Net Assets €243.03 Billion
% of Total Assets 49.45%
Annual Growth Rate 35.9%
5-Year Change 799.53%
10-Year Change N/A
Growth Volatility 93.44

Turkcell Iletisim Hizmetleri A.S - Net Assets Trend (2016–2024)

This chart illustrates how Turkcell Iletisim Hizmetleri A.S's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is Turkcell Iletisim Hizmetleri A.S worth.

Annual Net Assets for Turkcell Iletisim Hizmetleri A.S (2016–2024)

The table below shows the annual net assets of Turkcell Iletisim Hizmetleri A.S from 2016 to 2024. Also explore TUL1 net assets growth trend to track the company's year-over-year net asset growth rate.

Year Net Assets Change
2024-12-31 €186.97 Billion
≈ $218.58 Billion		 +52.96%
2023-12-31 €122.23 Billion
≈ $142.91 Billion		 +295.65%
2022-12-31 €30.90 Billion
≈ $36.12 Billion		 +36.93%
2021-12-31 €22.56 Billion
≈ $26.38 Billion		 +8.55%
2020-12-31 €20.78 Billion
≈ $24.30 Billion		 +14.94%
2019-12-31 €18.08 Billion
≈ $21.14 Billion		 +12.64%
2018-12-31 €16.05 Billion
≈ $18.77 Billion		 +6.70%
2017-12-31 €15.05 Billion
≈ $17.59 Billion		 -6.37%
2016-12-31 €16.07 Billion
≈ $18.79 Billion		 --

Equity Component Analysis

This analysis shows how different components contribute to Turkcell Iletisim Hizmetleri A.S'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 919.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings €142.45 Billion 76.19%
Other Components €44.52 Billion 23.81%
Total Equity €186.97 Billion 100.00%

Turkcell Iletisim Hizmetleri A.S Competitors by Market Cap

The table below lists competitors of Turkcell Iletisim Hizmetleri A.S ranked by their market capitalization.

Company Market Cap
Indorama Ventures PCL
BK:IVL
 $4.42 Billion
E-L Financial Corp Ltd
TO:ELF
 $4.42 Billion
ENTAIN PLC UNSP.ADR/1
F:6GI0
 $4.42 Billion
Chenzhou Jingui Silver Industry Co Ltd
SHE:002716
 $4.42 Billion
Global Power Synergy PCL
BK:GPSC
 $4.42 Billion
Inficon Holding
SW:IFCN
 $4.42 Billion
KEDA INDL GRP.C.LTD GDR A
F:T0T
 $4.41 Billion
Franklin Electric Co Inc
NASDAQ:FELE
 $4.41 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Turkcell Iletisim Hizmetleri A.S's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 122,247,819,000 to 186,966,530,000, a change of 64,718,711,000 (52.9%).
  • Net income of 30,790,359,000 contributed positively to equity growth.
  • Dividend payments of 7,314,621,000 reduced retained earnings.
  • Other factors increased equity by 41,242,973,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income €30.79 Billion +16.47%
Dividends Paid €7.31 Billion -3.91%
Other Changes €41.24 Billion +22.06%
Total Change €- 52.94%

Book Value vs Market Value Analysis

This analysis compares Turkcell Iletisim Hizmetleri A.S'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: 0.05x
  • 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 decreased from 0.64x to 0.05x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2017-12-31 €6.83 €4.34 x
2018-12-31 €7.27 €4.34 x
2019-12-31 €8.26 €4.34 x
2020-12-31 €9.52 €4.34 x
2021-12-31 €10.33 €4.34 x
2022-12-31 €14.16 €4.34 x
2023-12-31 €56.02 €4.34 x
2024-12-31 €85.80 €4.34 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Turkcell Iletisim Hizmetleri A.S 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): 16.47%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 14.11%
  • • Asset Turnover: 0.63x
  • • Equity Multiplier: 1.84x
  • Recent ROE (16.47%) is below the historical average (18.62%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2016 9.32% 10.44% 0.45x 1.97x €-109.09 Million
2017 13.20% 11.22% 0.52x 2.27x €480.21 Million
2018 12.69% 9.49% 0.50x 2.69x €428.89 Million
2019 17.99% 12.92% 0.55x 2.53x €1.44 Billion
2020 20.39% 14.56% 0.57x 2.48x €2.16 Billion
2021 22.30% 14.01% 0.51x 3.13x €2.77 Billion
2022 35.78% 20.52% 0.53x 3.28x €7.96 Billion
2023 19.41% 11.72% 0.82x 2.02x €11.50 Billion
2024 16.47% 14.11% 0.63x 1.84x €12.09 Billion

Industry Comparison

This section compares Turkcell Iletisim Hizmetleri A.S's net assets metrics with peer companies in the Telecom Services industry.

Industry Context

  • Industry: Telecom Services
  • Average net assets among peers: $353,972,406,856
  • Average return on equity (ROE) among peers: 2.23%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Turkcell Iletisim Hizmetleri A.S (TUL1) €243.03 Billion 9.32% 1.02x $4.42 Billion
PLANETEL SPA (0A7) $22.72 Million 4.93% 1.64x $24.48 Million
LIBERTY LAT.AMER.A DL-01 (1LL) $2.90 Billion -15.21% 4.30x $308.45 Million
LIBERTY LAT.AMER.C DL-01 (1LLC) $2.56 Billion -6.68% 4.31x $1.36 Billion
1&1 AG (1U1) $112.34 Million 0.00% 1.23x $4.35 Billion
CHINA TOWER UNSP.ADR/100 (2Y10) $199.98 Billion 5.37% 0.66x $5.02 Billion
SOFTBANK CORP. ADR (3AG0) $3.21 Trillion 16.09% 3.08x $52.06 Billion
TELSTRA GROUP LTD SP.ADR (5KB) $17.35 Billion 9.35% 1.63x $37.53 Billion
VODACOM GROUP LTD. SP.ADR (5VD0) $103.83 Billion 15.69% 1.32x $15.26 Billion
EuroTeleSites AG (7YF) $234.07 Million 0.00% 7.39x $762.51 Million
Swissnet AG (81D) $10.84 Million -7.27% 1.29x $12.40 Million

About Turkcell Iletisim Hizmetleri A.S

F:TUL1 Germany Telecom Services
Market Cap
$4.42 Billion
€3.78 Billion EUR
Market Cap Rank
#3904 Global
#700 in Germany
Share Price
€4.34
Change (1 day)
+0.93%
52-Week Range
€4.30 - €5.95
All Time High
€7.60
Categories
Companies in Germany Telecom Services
About

Turkcell Iletisim Hizmetleri A.S., together with its subsidiaries, engages in establishing and operating a global system for mobile communications (GSM) network in Turkey, Belarus, Turkish Republic of Northern Cyprus, Germany, and the Netherlands. It operates through the Turkcell Turkiye, Turkcell International, and Techfin segments. The company is involved in information technology, value added … Read more