Adese Gayrimenkul Yatirim AS
Adese Gayrimenkul Yatirim A.S. operates in the real estate investment sector in Turkey. The company engages in the operation and management of housing, residences, offices, business centers, lands, industrial centers, and shopping malls. Adese Gayrimenkul Yatirim A.S. was incorporated in 1991 and is based in Selçuklu, Turkey.
Adese Gayrimenkul Yatirim AS (ADESE) - Net Assets
Latest net assets as of September 2025: TL17.07 Billion TRY
Based on the latest financial reports, Adese Gayrimenkul Yatirim AS (ADESE) has net assets worth TL17.07 Billion TRY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL22.08 Billion) and total liabilities (TL5.01 Billion). 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 | TL17.07 Billion |
| % of Total Assets | 77.3% |
| Annual Growth Rate | 27.0% |
| 5-Year Change | 1599.1% |
| 10-Year Change | 2902.15% |
| Growth Volatility | 54.63 |
Adese Gayrimenkul Yatirim AS - Net Assets Trend (2008–2024)
This chart illustrates how Adese Gayrimenkul Yatirim AS's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Adese Gayrimenkul Yatirim AS (2008–2024)
The table below shows the annual net assets of Adese Gayrimenkul Yatirim AS from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL13.33 Billion | +12.80% |
| 2023-12-31 | TL11.81 Billion | +156.13% |
| 2022-12-31 | TL4.61 Billion | +142.29% |
| 2021-12-31 | TL1.90 Billion | +142.72% |
| 2020-12-31 | TL784.33 Million | +33.99% |
| 2019-12-31 | TL585.38 Million | +5.34% |
| 2018-12-31 | TL555.69 Million | -1.28% |
| 2017-12-31 | TL562.91 Million | +18.65% |
| 2016-12-31 | TL474.43 Million | +6.88% |
| 2015-12-31 | TL443.90 Million | +11.05% |
| 2014-12-31 | TL399.74 Million | +8.13% |
| 2013-12-31 | TL369.69 Million | -4.71% |
| 2012-12-31 | TL387.95 Million | +3.84% |
| 2011-12-31 | TL373.58 Million | +25.30% |
| 2010-12-31 | TL298.15 Million | +0.53% |
| 2009-12-31 | TL296.58 Million | +1.87% |
| 2008-12-31 | TL291.14 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Adese Gayrimenkul Yatirim 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 13875.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL4.24 Billion | 44.40% |
| Other Components | TL5.31 Billion | 55.60% |
| Total Equity | TL9.56 Billion | 100.00% |
Adese Gayrimenkul Yatirim AS Competitors by Market Cap
The table below lists competitors of Adese Gayrimenkul Yatirim AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Goldgroup Mining Inc.
PINK:GGAZF
|
$123.47 Million |
|
ERNST RUSS AG NA O.N.
F:HXCK
|
$123.52 Million |
|
Sensortek Technology Corp
TWO:6732
|
$123.54 Million |
|
INFORMATION SVC GRP - Frankfurt Stock Exchang
F:ZZG
|
$123.55 Million |
|
Midi Utama Indonesia Tbk
JK:MIDI
|
$123.40 Million |
|
Kwong Lung Enterprise Co Ltd
TWO:8916
|
$123.34 Million |
|
New Era Electronics Co Ltd
TWO:4909
|
$123.31 Million |
|
Bali Towerindo Sentra Tbk
JK:BALI
|
$123.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Adese Gayrimenkul Yatirim AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,663,566,000 to 9,556,863,000, a change of -2,106,703,000 (-18.1%).
- Net income of 582,451,000 contributed positively to equity growth.
- Other factors decreased equity by 2,689,154,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL582.45 Million | +6.09% |
| Other Changes | TL-2.69 Billion | -28.14% |
| Total Change | TL- | -18.06% |
Book Value vs Market Value Analysis
This analysis compares Adese Gayrimenkul Yatirim 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: 0.11x
- 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 0.23x to 0.11x 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 | TL4.47 | TL1.01 | x |
| 2018-12-31 | TL4.41 | TL1.01 | x |
| 2019-12-31 | TL4.65 | TL1.01 | x |
| 2020-12-31 | TL3.11 | TL1.01 | x |
| 2021-12-31 | TL1.89 | TL1.01 | x |
| 2022-12-31 | TL4.58 | TL1.01 | x |
| 2023-12-31 | TL11.57 | TL1.01 | x |
| 2024-12-31 | TL9.48 | TL1.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Adese Gayrimenkul Yatirim 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): 6.09%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 111.42%
- • Asset Turnover: 0.03x
- • Equity Multiplier: 1.75x
- Recent ROE (6.09%) is below the historical average (7.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 3.04% | 1.91% | 1.00x | 1.60x | TL-26.99 Million |
| 2013 | 4.24% | 2.67% | 0.89x | 1.79x | TL-21.28 Million |
| 2014 | 4.64% | 3.04% | 0.79x | 1.94x | TL-21.44 Million |
| 2015 | 11.56% | 7.98% | 0.75x | 1.94x | TL6.93 Million |
| 2016 | 6.80% | 4.97% | 0.67x | 2.05x | TL-15.18 Million |
| 2017 | 7.80% | 6.33% | 0.61x | 2.01x | TL-12.36 Million |
| 2018 | -2.84% | -2.87% | 0.45x | 2.19x | TL-71.35 Million |
| 2019 | -0.09% | -0.25% | 0.13x | 2.62x | TL-59.03 Million |
| 2020 | -9.41% | -34.62% | 0.14x | 1.98x | TL-152.24 Million |
| 2021 | 20.21% | 766.74% | 0.02x | 1.19x | TL194.44 Million |
| 2022 | 33.84% | 1733.62% | 0.02x | 1.16x | TL1.10 Billion |
| 2023 | 15.52% | 373.19% | 0.03x | 1.23x | TL643.28 Million |
| 2024 | 6.09% | 111.42% | 0.03x | 1.75x | TL-373.24 Million |
Industry Comparison
This section compares Adese Gayrimenkul Yatirim AS's net assets metrics with peer companies in the Real Estate - Diversified industry.
Industry Context
- Industry: Real Estate - Diversified
- Average net assets among peers: $8,794,744,293
- Average return on equity (ROE) among peers: 36.74%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Adese Gayrimenkul Yatirim AS (ADESE) | TL17.07 Billion | 3.04% | 0.29x | $123.45 Million |
| AVRUPAKENT GMYO (AVPGY) | $16.49 Billion | 61.26% | 0.22x | $122.57 Million |
| Ihlas Gayrimenkul Proje Gelistirme ve Ticaret AS (IHLGM) | $1.10 Billion | 12.22% | 0.22x | $43.35 Million |