Afyon Cimento Sanayi TAS (AFYON) - Net Assets
Based on the latest financial reports, Afyon Cimento Sanayi TAS (AFYON) has net assets worth TL8.07 Billion TRY (≈ $180.74 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL9.47 Billion ≈ $212.07 Million USD) and total liabilities (TL1.40 Billion ≈ $31.33 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 Afyon Cimento Sanayi TAS (AFYON) strategic asset index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL8.07 Billion |
| % of Total Assets | 85.23% |
| Annual Growth Rate | -24.55% |
| 5-Year Change | 1237.15% |
| 10-Year Change | 4233.87% |
| Growth Volatility | 97.58 |
Afyon Cimento Sanayi TAS - Net Assets Trend (2002–2025)
This chart illustrates how Afyon Cimento Sanayi TAS's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see AFYON market cap overview.
Annual Net Assets for Afyon Cimento Sanayi TAS (2002–2025)
The table below shows the annual net assets of Afyon Cimento Sanayi TAS from 2002 to 2025. Also explore AFYON net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | TL7.58 Billion ≈ $169.71 Million |
-2.99% |
| 2024-12-31 | TL7.81 Billion ≈ $174.94 Million |
+96.68% |
| 2023-12-31 | TL3.97 Billion ≈ $88.95 Million |
+391.75% |
| 2022-12-31 | TL807.57 Million ≈ $18.09 Million |
+42.51% |
| 2021-12-31 | TL566.68 Million ≈ $12.69 Million |
+15.49% |
| 2020-12-31 | TL490.68 Million ≈ $10.99 Million |
+185.79% |
| 2019-12-31 | TL171.69 Million ≈ $3.85 Million |
-26.22% |
| 2018-12-31 | TL232.71 Million ≈ $5.21 Million |
+1.68% |
| 2017-12-31 | TL228.86 Million ≈ $5.13 Million |
+30.90% |
| 2016-12-31 | TL174.84 Million ≈ $3.92 Million |
+5.71% |
| 2015-12-31 | TL165.40 Million ≈ $3.70 Million |
+210.16% |
| 2014-12-31 | TL53.33 Million ≈ $1.19 Million |
+31.88% |
| 2013-12-31 | TL40.44 Million ≈ $905.64K |
+5.22% |
| 2012-12-31 | TL38.43 Million ≈ $860.71K |
-18.70% |
| 2011-12-31 | TL47.27 Million ≈ $1.06 Million |
-11.41% |
| 2010-12-31 | TL53.36 Million ≈ $1.20 Million |
-0.33% |
| 2009-12-31 | TL53.54 Million ≈ $1.20 Million |
-2.64% |
| 2008-12-31 | TL54.99 Million ≈ $1.23 Million |
+2.52% |
| 2007-12-31 | TL53.64 Million ≈ $1.20 Million |
+19.85% |
| 2006-12-31 | TL44.76 Million ≈ $1.00 Million |
+29.51% |
| 2005-12-31 | TL34.56 Million ≈ $774.01K |
+30.59% |
| 2004-12-31 | TL26.46 Million ≈ $592.70K |
-100.00% |
| 2003-12-31 | TL6.72 Trillion ≈ $150.51 Billion |
+36.05% |
| 2002-12-31 | TL4.94 Trillion ≈ $110.63 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Afyon Cimento Sanayi TAS'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 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL3.37 Billion | 44.45% |
| Other Components | TL4.21 Billion | 55.55% |
| Total Equity | TL7.58 Billion | 100.00% |
Afyon Cimento Sanayi TAS Competitors by Market Cap
The table below lists competitors of Afyon Cimento Sanayi TAS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Laon People Inc.
KQ:300120
|
$103.49 Million |
|
Thai Optical Group Public Company Limited
BK:TOG
|
$103.49 Million |
|
Chernan Metal Industrial
TWO:3631
|
$103.50 Million |
|
Synchronoss Technologies Inc
NASDAQ:SNCR
|
$103.56 Million |
|
Optiscan Imaging Ltd
AU:OIL
|
$103.44 Million |
|
Protech Mitra Perkasa Tbk PT
JK:OASA
|
$103.39 Million |
|
Binh Dien Fertilizer JSC
VN:BFC
|
$103.39 Million |
|
SA Catana Group
PA:CATG
|
$103.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Afyon Cimento Sanayi TAS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,810,680,816 to 7,577,323,629, a change of -233,357,187 (-3.0%).
- Net income of 240,983,008 contributed positively to equity growth.
- Dividend payments of 475,700,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL240.98 Million | +3.18% |
| Dividends Paid | TL475.70 Million | -6.28% |
| Other Changes | TL1.36 Million | +0.02% |
| Total Change | TL- | -2.99% |
Book Value vs Market Value Analysis
This analysis compares Afyon Cimento Sanayi TAS'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: 0.61x
- 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 13.91x to 0.61x 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 | TL0.83 | TL11.55 | x |
| 2018-12-31 | TL0.84 | TL11.55 | x |
| 2019-12-31 | TL0.62 | TL11.55 | x |
| 2020-12-31 | TL1.23 | TL11.55 | x |
| 2021-12-31 | TL1.42 | TL11.55 | x |
| 2022-12-31 | TL2.02 | TL11.55 | x |
| 2023-12-31 | TL9.93 | TL11.55 | x |
| 2024-12-31 | TL19.53 | TL11.55 | x |
| 2025-12-31 | TL18.94 | TL11.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Afyon Cimento Sanayi TAS 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): 3.18%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.23%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 1.15x
- Recent ROE (3.18%) is below the historical average (9.98%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 5.00% | 3.63% | 1.08x | 1.28x | TL-2.02 Million |
| 2014 | 24.33% | 16.84% | 1.09x | 1.33x | TL7.64 Million |
| 2015 | 8.60% | 22.07% | 0.17x | 2.26x | TL-2.31 Million |
| 2016 | 5.49% | 15.79% | 0.10x | 3.37x | TL-7.88 Million |
| 2017 | 23.60% | 32.12% | 0.21x | 3.45x | TL31.13 Million |
| 2018 | 1.69% | 2.24% | 0.26x | 2.84x | TL-19.35 Million |
| 2019 | -35.53% | -37.35% | 0.25x | 3.78x | TL-78.17 Million |
| 2020 | 3.48% | 6.31% | 0.38x | 1.44x | TL-32.00 Million |
| 2021 | 13.57% | 18.59% | 0.52x | 1.41x | TL20.22 Million |
| 2022 | 33.11% | 20.16% | 1.05x | 1.57x | TL186.66 Million |
| 2023 | 36.08% | 38.13% | 0.81x | 1.17x | TL1.04 Billion |
| 2024 | 7.19% | 13.24% | 0.48x | 1.13x | TL-219.39 Million |
| 2025 | 3.18% | 6.23% | 0.45x | 1.15x | TL-516.75 Million |
Industry Comparison
This section compares Afyon Cimento Sanayi TAS's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $591,158,062
- Average return on equity (ROE) among peers: 9.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Afyon Cimento Sanayi TAS (AFYON) | TL8.07 Billion | 5.00% | 0.17x | $103.48 Million |
| Akcansa Cimento Sanayi ve Ticaret AS (AKCNS) | $1.11 Billion | 16.06% | 0.95x | $864.02 Million |
| Bastas Baskent Cimento Sanayi ve Ticaret AS (BASCM) | $452.30 Million | 9.22% | 0.44x | $176.50 Million |
| Bogazici Beton Sanayi ve Ticaret AS (BOBET) | $370.98 Million | 7.98% | 1.84x | $146.82 Million |
| Batisoke Soke Cimento Sanayi TAS (BSOKE) | $185.81 Million | 0.00% | 0.09x | $512.81 Million |
| Baticim Bati Anadolu Cimento Sanayi AS (BTCIM) | $456.70 Million | 3.82% | 0.53x | $363.68 Million |
| Bursa Cimento Fabrikasi AS (BUCIM) | $415.54 Million | 11.91% | 0.47x | $169.66 Million |
| Cimsa Cimento Sanayi ve Ticaret AS (CIMSA) | $1.36 Billion | 18.10% | 0.87x | $875.11 Million |
| Cimbeton Hazirbeton ve Prefabrik Yapi Elemanlari Sanayi ve Ticaret AS (CMBTN) | $47.79 Million | 20.04% | 1.47x | $58.39 Million |
| Cimentas Izmir Cimento Fabrikasi TAS (CMENT) | $924.75 Million | 1.06% | 0.38x | $449.95 Million |
About Afyon Cimento Sanayi TAS
Afyon Çimento Sanayi Türk Anonim Sirketi engages in the production and selling of cement in Turkey. It offers cement products, such as Çimsa Master power, Çimsa Izo Power 42.5, Çimsa Resistant LA, and Çimsa Rapid 42.5. The company was founded in 1954 and is headquartered in Istanbul, Turkey. Afyon Çimento Sanayi Türk Anonim Sirketi is a subsidiary of Cimsa Cimento Sanayi ve Ticaret Anonim Sirketi.