Anadolu Efes Biracilik ve Malt Sanayi AS (AEFES) - Net Assets
Based on the latest financial reports, Anadolu Efes Biracilik ve Malt Sanayi AS (AEFES) has net assets worth TL193.92 Billion TRY (≈ $4.34 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL394.94 Billion ≈ $8.85 Billion USD) and total liabilities (TL201.02 Billion ≈ $4.50 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 AEFES asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL193.92 Billion |
| % of Total Assets | 49.1% |
| Annual Growth Rate | -26.46% |
| 5-Year Change | 578.67% |
| 10-Year Change | 1250.2% |
| Growth Volatility | 46.02 |
Anadolu Efes Biracilik ve Malt Sanayi AS - Net Assets Trend (2000–2024)
This chart illustrates how Anadolu Efes Biracilik ve Malt Sanayi AS's net assets have evolved over time, based on quarterly financial data. Also explore Anadolu Efes Biracilik ve Malt Sanayi AS (AEFES) total assets for the complete picture of this company's asset base.
Annual Net Assets for Anadolu Efes Biracilik ve Malt Sanayi AS (2000–2024)
The table below shows the annual net assets of Anadolu Efes Biracilik ve Malt Sanayi AS from 2000 to 2024. For live valuation and market cap data, see Anadolu Efes Biracilik ve Malt Sanayi AS market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL169.77 Billion ≈ $3.80 Billion |
+30.71% |
| 2023-12-31 | TL129.88 Billion ≈ $2.91 Billion |
+129.54% |
| 2022-12-31 | TL56.58 Billion ≈ $1.27 Billion |
+43.86% |
| 2021-12-31 | TL39.33 Billion ≈ $880.95 Million |
+57.24% |
| 2020-12-31 | TL25.01 Billion ≈ $560.27 Million |
+3.48% |
| 2019-12-31 | TL24.17 Billion ≈ $541.42 Million |
+13.31% |
| 2018-12-31 | TL21.33 Billion ≈ $477.83 Million |
+34.80% |
| 2017-12-31 | TL15.83 Billion ≈ $354.48 Million |
+6.82% |
| 2016-12-31 | TL14.82 Billion ≈ $331.86 Million |
+17.84% |
| 2015-12-31 | TL12.57 Billion ≈ $281.61 Million |
+6.34% |
| 2014-12-31 | TL11.82 Billion ≈ $264.83 Million |
-12.17% |
| 2013-12-31 | TL13.46 Billion ≈ $301.51 Million |
+98.35% |
| 2012-12-31 | TL6.79 Billion ≈ $152.01 Million |
+111.63% |
| 2011-12-31 | TL3.21 Billion ≈ $71.83 Million |
+13.92% |
| 2010-12-31 | TL2.82 Billion ≈ $63.05 Million |
+2.96% |
| 2009-12-31 | TL2.73 Billion ≈ $61.24 Million |
+8.69% |
| 2008-12-31 | TL2.52 Billion ≈ $56.34 Million |
+17.61% |
| 2007-12-31 | TL2.14 Billion ≈ $47.91 Million |
+6.17% |
| 2006-12-31 | TL2.01 Billion ≈ $45.12 Million |
+25.99% |
| 2005-12-31 | TL1.60 Billion ≈ $35.82 Million |
+11.90% |
| 2004-12-31 | TL1.43 Billion ≈ $32.01 Million |
-100.00% |
| 2003-12-31 | TL1065.51 Trillion ≈ $23.86 Trillion |
+36.22% |
| 2002-12-31 | TL782.19 Trillion ≈ $17.52 Trillion |
+44.05% |
| 2001-12-31 | TL542.98 Trillion ≈ $12.16 Trillion |
+100.50% |
| 2000-12-31 | TL270.82 Trillion ≈ $6.07 Trillion |
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Equity Component Analysis
This analysis shows how different components contribute to Anadolu Efes Biracilik ve Malt 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 decreased by 99.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL97.35 Billion | 115.84% |
| Total Equity | TL84.04 Billion | 100.00% |
Anadolu Efes Biracilik ve Malt Sanayi AS Competitors by Market Cap
The table below lists competitors of Anadolu Efes Biracilik ve Malt Sanayi AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SIMS LTD. ADR
F:I8MA
|
$2.52 Billion |
|
Eutelsat Communications SA
PA:ETL
|
$2.52 Billion |
|
Dayamitra Telekomunikasi PT
JK:MTEL
|
$2.52 Billion |
|
XiaMen HongXin Electron-tech Co Ltd
SHE:300657
|
$2.52 Billion |
|
Shanghai Originaldow Advanced
SHG:603991
|
$2.52 Billion |
|
OneSpaWorld Holdings Ltd
NASDAQ:OSW
|
$2.52 Billion |
|
TAG IMMOBILIEN ADR 1/2
F:TEG0
|
$2.51 Billion |
|
Indraprastha Gas Limited
NSE:IGL
|
$2.51 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Anadolu Efes Biracilik ve Malt Sanayi AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 64,557,722,000 to 84,041,126,000, a change of 19,483,404,000 (30.2%).
- Net income of 13,117,092,000 contributed positively to equity growth.
- Dividend payments of 3,002,135,000 reduced retained earnings.
- Other factors increased equity by 9,368,447,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL13.12 Billion | +15.61% |
| Dividends Paid | TL3.00 Billion | -3.57% |
| Other Changes | TL9.37 Billion | +11.15% |
| Total Change | TL- | 30.18% |
Book Value vs Market Value Analysis
This analysis compares Anadolu Efes Biracilik ve Malt 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: 0.13x
- 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 1.13x to 0.13x 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 | TL16.84 | TL18.98 | x |
| 2018-12-31 | TL19.05 | TL18.98 | x |
| 2019-12-31 | TL21.91 | TL18.98 | x |
| 2020-12-31 | TL21.63 | TL18.98 | x |
| 2021-12-31 | TL31.61 | TL18.98 | x |
| 2022-12-31 | TL43.23 | TL18.98 | x |
| 2023-12-31 | TL109.03 | TL18.98 | x |
| 2024-12-31 | TL141.94 | TL18.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Anadolu Efes Biracilik ve Malt 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): 15.61%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.67%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 4.19x
- Recent ROE (15.61%) is above the historical average (13.21%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 22.41% | 16.78% | 0.61x | 2.20x | TL29.40 Trillion |
| 2001 | 1.89% | 1.36% | 0.62x | 2.24x | TL-36.85 Trillion |
| 2002 | 14.40% | 11.71% | 0.61x | 2.00x | TL29.13 Trillion |
| 2003 | 25.27% | 22.06% | 0.66x | 1.74x | TL138.78 Trillion |
| 2004 | 20.72% | 17.31% | 0.71x | 1.68x | TL121.90 Million |
| 2005 | 20.98% | 17.94% | 0.59x | 1.99x | TL152.10 Million |
| 2006 | 16.07% | 10.37% | 0.65x | 2.37x | TL101.66 Million |
| 2007 | 20.56% | 12.36% | 0.78x | 2.14x | TL192.33 Million |
| 2008 | 14.38% | 8.44% | 0.72x | 2.38x | TL94.26 Million |
| 2009 | 17.41% | 11.09% | 0.70x | 2.24x | TL179.90 Million |
| 2010 | 18.20% | 12.08% | 0.75x | 2.02x | TL226.93 Million |
| 2011 | 10.85% | 11.71% | 0.45x | 2.04x | TL26.78 Million |
| 2012 | 9.05% | 14.71% | 0.35x | 1.74x | TL-63.61 Million |
| 2013 | 27.26% | 37.38% | 0.31x | 2.34x | TL1.65 Billion |
| 2014 | -6.73% | -5.08% | 0.50x | 2.64x | TL-1.27 Billion |
| 2015 | -2.57% | -1.94% | 0.46x | 2.86x | TL-968.56 Million |
| 2016 | -0.76% | -0.68% | 0.41x | 2.77x | TL-997.05 Million |
| 2017 | 1.50% | 1.15% | 0.44x | 2.98x | TL-847.88 Million |
| 2018 | 0.86% | 0.52% | 0.48x | 3.45x | TL-1.03 Billion |
| 2019 | 7.88% | 4.38% | 0.51x | 3.54x | TL-275.54 Million |
| 2020 | 6.36% | 3.05% | 0.53x | 3.95x | TL-465.82 Million |
| 2021 | 5.71% | 2.72% | 0.46x | 4.54x | TL-803.21 Million |
| 2022 | 13.40% | 3.79% | 0.68x | 5.21x | TL869.47 Million |
| 2023 | 49.49% | 13.84% | 0.87x | 4.11x | TL25.49 Billion |
| 2024 | 15.61% | 5.67% | 0.66x | 4.19x | TL4.71 Billion |
Industry Comparison
This section compares Anadolu Efes Biracilik ve Malt Sanayi AS's net assets metrics with peer companies in the Beverages - Non-Alcoholic industry.
Industry Context
- Industry: Beverages - Non-Alcoholic
- Average net assets among peers: $21,775,663,357
- Average return on equity (ROE) among peers: 13.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Anadolu Efes Biracilik ve Malt Sanayi AS (AEFES) | TL193.92 Billion | 22.41% | 1.04x | $2.52 Billion |
| Coca-Cola Icecek AS (CCOLA) | $86.63 Billion | 16.24% | 1.20x | $4.70 Billion |
| Elite Naturel Organik Gida Sanayi ve Ticaret AS (ELITE) | $374.09 Million | 49.69% | 0.01x | $88.82 Million |
| Kristal Kola ve Mesrubat Sanayi Ticaret AS (KRSTL) | $73.49 Million | -12.68% | 0.84x | $40.25 Million |
| Pinar Su Sanayi ve Ticaret AS (PINSU) | $27.93 Million | 0.00% | 0.96x | $74.75 Million |
About Anadolu Efes Biracilik ve Malt Sanayi AS
Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi, together with its subsidiaries, engages in the production, bottling, distribution, marketing, and sale of beer, malt, non-carbonated, and non-alcoholic beverages in Turkey and internationally. The company operates in two segments, Beer and Soft Drinks. It offers carbonated and low alcoholic drinks, water, fruit juice concentrates, purees and … Read more