Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi
Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi operates as a real estate investment trust in Turkey. The company manages portfolios of real estate, real estate projects, real estate-based rights, and capital market instruments. It also engages in the real estate investment activities. In addition, the company engages in hotel, tourism, and business operations. Adra Gayrimenkul Yatirim Ortaklig… Read more
Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi (ADGYO) - Net Assets
Latest net assets as of September 2024: TL6.42 Billion TRY
Based on the latest financial reports, Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi (ADGYO) has net assets worth TL6.42 Billion TRY as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL6.44 Billion) and total liabilities (TL22.80 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 | TL6.42 Billion |
| % of Total Assets | 99.65% |
| Annual Growth Rate | 249.25% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 181.41 |
Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi - Net Assets Trend (2020–2023)
This chart illustrates how Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi (2020–2023)
The table below shows the annual net assets of Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | TL5.06 Billion | +113.16% |
| 2022-12-31 | TL2.38 Billion | +537.91% |
| 2021-12-31 | TL372.36 Million | +212.49% |
| 2020-12-31 | TL119.16 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi'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 2342.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL2.42 Billion | 47.83% |
| Other Components | TL2.64 Billion | 52.17% |
| Total Equity | TL5.06 Billion | 100.00% |
Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi Competitors by Market Cap
The table below lists competitors of Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gem Terminal Industry Co Ltd
TW:2460
|
$56.35 Million |
|
Dawonsys Co.Ltd
KQ:068240
|
$56.36 Million |
|
Reworld Media
PA:ALREW
|
$56.36 Million |
|
Korea Flange
KO:010100
|
$56.36 Million |
|
LiveOne Inc
NASDAQ:LVO
|
$56.34 Million |
|
Kaonmedia Co Ltd
KQ:078890
|
$56.34 Million |
|
Nanjing Putian Telecommunications Co Ltd Class B
SHE:200468
|
$56.30 Million |
|
Latrobe Magnesium Limited
PINK:LTRBF
|
$56.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 2,375,294,670 to 5,063,141,440, a change of 2,687,846,770 (113.2%).
- Net income of 870,070,352 contributed positively to equity growth.
- New share issuances of 1,817,944,314 increased equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL870.07 Million | +17.18% |
| Share Issuances | TL1.82 Billion | +35.91% |
| Other Changes | TL-167.90K | -0.0% |
| Total Change | TL- | 113.16% |
Book Value vs Market Value Analysis
This analysis compares Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi'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: 3.01x
- 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 decreased from 127.92x to 3.01x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | TL0.41 | TL51.90 | x |
| 2021-12-31 | TL1.27 | TL51.90 | x |
| 2022-12-31 | TL8.09 | TL51.90 | x |
| 2023-12-31 | TL17.24 | TL51.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi 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): 17.18%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 177.38%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 1.01x
- Recent ROE (17.18%) is below the historical average (25.58%), 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 | 14.28% | 500.77% | 0.02x | 1.66x | TL15.94 Million |
| 2022 | 45.28% | 96.97% | 0.45x | 1.04x | TL838.05 Million |
| 2023 | 17.18% | 177.38% | 0.10x | 1.01x | TL363.76 Million |
Industry Comparison
This section compares Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi's net assets metrics with peer companies in the REIT - Residential industry.
Industry Context
- Industry: REIT - Residential
- Average net assets among peers: $2,462,958,048
- Average return on equity (ROE) among peers: 18.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi (ADGYO) | TL6.42 Billion | 14.28% | 0.00x | $56.35 Million |
| Emlak Konut Gayrimenkul Yatirim Ortakligi AS (EKGYO) | $8.75 Billion | 10.91% | 0.71x | $2.09 Billion |
| Fuzul Gayrimenkul Yatirim Ortakligi Anonim Sirketi (FZLGY) | $486.34 Million | 60.15% | 4.52x | $146.73 Million |
| Korfez Gayrimenkul Yatirim (KRGYO) | $34.40 Million | 0.00% | 0.55x | $6.51 Million |
| Sinpas Gayrimenkul Yatirim Ortakligi AS (SNGYO) | $579.82 Million | 3.20% | 0.19x | $200.46 Million |