Adel Kalemcilik Ticaret ve Sanayi AS (ADEL) - Net Assets

Latest as of June 2025: TL1.37 Billion TRY ≈ $30.61 Million USD

Based on the latest financial reports, Adel Kalemcilik Ticaret ve Sanayi AS (ADEL) has net assets worth TL1.37 Billion TRY (≈ $30.61 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL3.44 Billion ≈ $77.08 Million USD) and total liabilities (TL2.08 Billion ≈ $46.48 Million 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 ADEL asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	TL1.37 Billion
% of Total Assets	39.71%
Annual Growth Rate	22.72%
5-Year Change	896.7%
10-Year Change	604.31%
Growth Volatility	242.76

Adel Kalemcilik Ticaret ve Sanayi AS - Net Assets Trend (2005–2024)

This chart illustrates how Adel Kalemcilik Ticaret ve Sanayi AS's net assets have evolved over time, based on quarterly financial data. Also explore Adel Kalemcilik Ticaret ve Sanayi AS balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for Adel Kalemcilik Ticaret ve Sanayi AS (2005–2024)

The table below shows the annual net assets of Adel Kalemcilik Ticaret ve Sanayi AS from 2005 to 2024. For live valuation and market cap data, see ADEL market cap overview.

Year	Net Assets	Change
2024-12-31	TL1.45 Billion ≈ $32.46 Million	-9.65%
2023-12-31	TL1.60 Billion ≈ $35.92 Million	+1094.19%
2022-12-31	TL134.30 Million ≈ $3.01 Million	+2.31%
2021-12-31	TL131.26 Million ≈ $2.94 Million	-9.71%
2020-12-31	TL145.39 Million ≈ $3.26 Million	-10.92%
2019-12-31	TL163.22 Million ≈ $3.66 Million	-13.54%
2018-12-31	TL188.78 Million ≈ $4.23 Million	-8.09%
2017-12-31	TL205.40 Million ≈ $4.60 Million	+5.07%
2016-12-31	TL195.49 Million ≈ $4.38 Million	-4.98%
2015-12-31	TL205.75 Million ≈ $4.61 Million	+38.72%
2014-12-31	TL148.32 Million ≈ $3.32 Million	+3.87%
2013-12-31	TL142.79 Million ≈ $3.20 Million	+36.64%
2012-12-31	TL104.51 Million ≈ $2.34 Million	+14.19%
2011-12-31	TL91.52 Million ≈ $2.05 Million	+21.55%
2010-12-31	TL75.29 Million ≈ $1.69 Million	+23.63%
2009-12-31	TL60.90 Million ≈ $1.36 Million	+23.26%
2008-12-31	TL49.41 Million ≈ $1.11 Million	+23.78%
2007-12-31	TL39.92 Million ≈ $894.02K	+10.13%
2006-12-31	TL36.24 Million ≈ $811.77K	+22.35%
2005-12-31	TL29.62 Million ≈ $663.48K	--

Equity Component Analysis

This analysis shows how different components contribute to Adel Kalemcilik Ticaret ve Sanayi AS'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 6745.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	TL573.15 Million	39.55%
Other Components	TL875.94 Million	60.45%
Total Equity	TL1.45 Billion	100.00%

Adel Kalemcilik Ticaret ve Sanayi AS Competitors by Market Cap

The table below lists competitors of Adel Kalemcilik Ticaret ve Sanayi AS ranked by their market capitalization.

Company	Market Cap
Roman DBDR Acquisition Corp. II Unit NASDAQ:DRDBU	$280.53 Million
Planigrupo LATAM S.A.B. de C.V MX:PLANI	$280.54 Million
Sappe Public Company Limited BK:SAPPE	$280.54 Million
Biofarm Bucure RO:BIO	$280.56 Million
Formosan Union Chemical Corp TW:1709	$280.28 Million
Runway Growth Finance Corp NASDAQ:RWAY	$280.27 Million
Bravo Mining Corp V:BRVO	$280.24 Million
Mount Gibson Iron Limited F:FWQ	$280.21 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Adel Kalemcilik Ticaret ve Sanayi AS's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 1,603,807,000 to 1,449,086,000, a change of -154,721,000 (-9.6%).
Net income of 18,644,000 contributed positively to equity growth.
Dividend payments of 182,419,000 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	TL18.64 Million	+1.29%
Dividends Paid	TL182.42 Million	-12.59%
Other Changes	TL9.05 Million	+0.62%
Total Change	TL-	-9.65%

Book Value vs Market Value Analysis

This analysis compares Adel Kalemcilik Ticaret ve Sanayi AS'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: 8.64x
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 5.54x to 8.64x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-12-31	TL8.69	TL48.18	x
2018-12-31	TL7.99	TL48.18	x
2019-12-31	TL6.91	TL48.18	x
2020-12-31	TL6.15	TL48.18	x
2021-12-31	TL5.56	TL48.18	x
2022-12-31	TL5.68	TL48.18	x
2023-12-31	TL6.17	TL48.18	x
2024-12-31	TL5.58	TL48.18	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Adel Kalemcilik Ticaret ve Sanayi AS 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): 1.29%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.69%
• Asset Turnover: 0.95x
• Equity Multiplier: 1.96x
Recent ROE (1.29%) is below the historical average (18.30%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	18.40%	11.34%	1.11x	1.47x	TL2.49 Million
2006	23.46%	14.74%	1.17x	1.36x	TL4.88 Million
2007	19.36%	11.47%	1.26x	1.34x	TL3.74 Million
2008	27.76%	17.53%	1.29x	1.23x	TL8.78 Million
2009	27.26%	18.91%	1.20x	1.20x	TL10.51 Million
2010	28.87%	19.51%	1.22x	1.21x	TL14.21 Million
2011	28.37%	19.07%	1.22x	1.22x	TL16.81 Million
2012	22.99%	15.06%	1.21x	1.26x	TL13.57 Million
2013	34.78%	26.69%	0.90x	1.45x	TL35.38 Million
2014	18.94%	12.69%	0.78x	1.90x	TL13.26 Million
2015	34.75%	28.42%	0.66x	1.85x	TL50.93 Million
2016	9.65%	6.93%	0.86x	1.62x	TL-692.37K
2017	13.08%	8.33%	0.90x	1.73x	TL6.33 Million
2018	7.33%	3.59%	0.83x	2.47x	TL-5.05 Million
2019	-8.99%	-4.23%	0.89x	2.39x	TL-30.99 Million
2020	1.32%	0.49%	0.62x	4.36x	TL-12.62 Million
2021	-9.67%	-2.61%	0.69x	5.40x	TL-25.82 Million
2022	27.92%	4.19%	1.11x	6.02x	TL24.06 Million
2023	39.25%	19.28%	0.86x	2.37x	TL469.06 Million
2024	1.29%	0.69%	0.95x	1.96x	TL-126.26 Million

Industry Comparison

This section compares Adel Kalemcilik Ticaret ve Sanayi AS's net assets metrics with peer companies in the Business Equipment & Supplies industry.

Industry Context

Industry: Business Equipment & Supplies
Average net assets among peers: $32,520,000
Average return on equity (ROE) among peers: 0.47%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Adel Kalemcilik Ticaret ve Sanayi AS (ADEL)	TL1.37 Billion	18.40%	1.52x	$280.43 Million
Plastikkart Akilli Kart Iletisim Sistemleri Sanayi ve Ticaret AS (PKART)	$32.52 Million	0.47%	0.24x	$69.65 Million

About Adel Kalemcilik Ticaret ve Sanayi AS

IS:ADEL Turkey Business Equipment & Supplies

Market Cap

$280.43 Million

TL12.52 Billion TRY

Market Cap Rank

#15237 Global

#162 in Turkey

Share Price

TL48.18

Change (1 day)

+5.89%

52-Week Range

TL26.80 - TL48.58

All Time High

TL70.94