Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S. (AHGAZ) - Net Assets
Based on the latest financial reports, Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S. (AHGAZ) has net assets worth TL85.21 Billion TRY (≈ $1.91 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL249.07 Billion ≈ $5.58 Billion USD) and total liabilities (TL163.86 Billion ≈ $3.67 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. See Ahlatci Dogal Gaz Dagitim Enerji ve Yati (AHGAZ) balance sheet quality index to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL85.21 Billion |
| % of Total Assets | 34.21% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 47.58 |
Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S. - Net Assets Trend (2020–2025)
This chart illustrates how Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S.'s net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of Ahlatci Dogal Gaz Dagitim Enerji ve Yati.
Annual Net Assets for Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S. (2020–2025)
The table below shows the annual net assets of Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S. from 2020 to 2025. Also explore AHGAZ net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | TL75.11 Billion ≈ $1.68 Billion |
+43.16% |
| 2024-12-31 | TL52.46 Billion ≈ $1.18 Billion |
+46.84% |
| 2023-12-31 | TL35.73 Billion ≈ $800.22 Million |
+145.88% |
| 2022-12-31 | TL14.53 Billion ≈ $325.45 Million |
+4322.58% |
| 2021-12-31 | TL-344.12 Million ≈ $-7.71 Million |
+31.21% |
| 2020-12-31 | TL-500.25 Million ≈ $-11.20 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S.'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 1129802647400.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL10.65 Billion | 22.14% |
| Other Components | TL37.46 Billion | 77.86% |
| Total Equity | TL48.11 Billion | 100.00% |
Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S. Competitors by Market Cap
The table below lists competitors of Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tecnicas Reunidas
MC:TRE
|
$2.33 Billion |
|
Zhejiang Orient Holdings Co Ltd
SHG:600120
|
$2.33 Billion |
|
Beijing Ultrapower Software
SHE:300002
|
$2.33 Billion |
|
Mister Car Wash, Inc. Common Stock
NASDAQ:MCW
|
$2.34 Billion |
|
Shake Shack Inc
NYSE:SHAK
|
$2.33 Billion |
|
Ingevity Corp
NYSE:NGVT
|
$2.33 Billion |
|
Guangxi Guitang Group Co Ltd
SHE:000833
|
$2.33 Billion |
|
Jizhong Energy Resources Co Ltd
SHE:000937
|
$2.33 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 34,390,320,698 to 48,105,390,320, a change of 13,715,069,622 (39.9%).
- Net income of 2,889,276,269 contributed positively to equity growth.
- Share repurchases of 1,414,102,437 reduced equity.
- Other factors increased equity by 12,239,895,790.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL2.89 Billion | +6.01% |
| Share Repurchases | TL1.41 Billion | -2.94% |
| Other Changes | TL12.24 Billion | +25.44% |
| Total Change | TL- | 39.88% |
Book Value vs Market Value Analysis
This analysis compares Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S.'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: 2.18x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | TL-0.18 | TL41.10 | x |
| 2021-12-31 | TL-0.13 | TL41.10 | x |
| 2022-12-31 | TL4.78 | TL41.10 | x |
| 2023-12-31 | TL9.06 | TL41.10 | x |
| 2024-12-31 | TL13.23 | TL41.10 | x |
| 2025-12-31 | TL18.85 | TL41.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S. 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): 6.01%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.36%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 4.46x
- Recent ROE (6.01%) is below the historical average (8.78%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.00% | 0.43% | 1.22x | 0.00x | TL58.38 Million |
| 2021 | 0.00% | 3.53% | 1.04x | 0.00x | TL163.85 Million |
| 2022 | 20.96% | 11.09% | 0.79x | 2.38x | TL1.36 Billion |
| 2023 | 19.02% | 15.47% | 0.47x | 2.63x | TL2.12 Billion |
| 2024 | 6.71% | 5.84% | 0.30x | 3.83x | TL-1.13 Billion |
| 2025 | 6.01% | 5.36% | 0.25x | 4.46x | TL-1.92 Billion |
Industry Comparison
This section compares Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S.'s net assets metrics with peer companies in the Utilities - Regulated Gas industry.
Industry Context
- Industry: Utilities - Regulated Gas
- Average net assets among peers: $41,172,534,640,092
- Average return on equity (ROE) among peers: 29.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S. (AHGAZ) | TL85.21 Billion | 0.00% | 1.92x | $2.33 Billion |
| Aygaz AS (AYGAZ) | $82.34 Trillion | 28.62% | 1.04x | $1.61 Billion |
| Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi AS (BASGZ) | $2.37 Billion | 30.25% | 2.00x | $685.76 Million |
About Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S.
Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S. engages in the wholesale, retail distribution, and sale of natural gas in Turkey. It also provides operational and consultancy services, as well as banking and finance service. The company was founded in 2004 and is headquartered in Istanbul, Turkey. Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim A.S. operates as a subsidiary of Ahlatci Holding A.S.