Alfas Solar Enerji Sanayi ve Ticaret A.S. (ALFAS) - Net Assets
Based on the latest financial reports, Alfas Solar Enerji Sanayi ve Ticaret A.S. (ALFAS) has net assets worth TL5.32 Billion TRY (≈ $119.14 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL11.80 Billion ≈ $264.36 Million USD) and total liabilities (TL6.48 Billion ≈ $145.22 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 financial resilience of Alfas Solar Enerji Sanayi ve Ticaret A.S to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL5.32 Billion |
| % of Total Assets | 45.07% |
| Annual Growth Rate | 184.61% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 589.71 |
Alfas Solar Enerji Sanayi ve Ticaret A.S. - Net Assets Trend (2020–2024)
This chart illustrates how Alfas Solar Enerji Sanayi ve Ticaret A.S.'s net assets have evolved over time, based on quarterly financial data. Also explore how large is Alfas Solar Enerji Sanayi ve Ticaret A.S's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Alfas Solar Enerji Sanayi ve Ticaret A.S. (2020–2024)
The table below shows the annual net assets of Alfas Solar Enerji Sanayi ve Ticaret A.S. from 2020 to 2024. For live valuation and market cap data, see market value of Alfas Solar Enerji Sanayi ve Ticaret A.S.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL3.80 Billion ≈ $85.11 Million |
-3.74% |
| 2023-12-31 | TL3.95 Billion ≈ $88.41 Million |
+136.99% |
| 2022-12-31 | TL1.67 Billion ≈ $37.31 Million |
+1430.59% |
| 2021-12-31 | TL108.83 Million ≈ $2.44 Million |
+87.91% |
| 2020-12-31 | TL57.91 Million ≈ $1.30 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Alfas Solar Enerji Sanayi ve Ticaret 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 3591.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL1.99 Billion | 52.53% |
| Other Components | TL1.80 Billion | 47.47% |
| Total Equity | TL3.80 Billion | 100.00% |
Alfas Solar Enerji Sanayi ve Ticaret A.S. Competitors by Market Cap
The table below lists competitors of Alfas Solar Enerji Sanayi ve Ticaret A.S. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Innovative Solutions and Support
NASDAQ:ISSC
|
$353.61 Million |
|
Cambi ASA
OL:CAMBI
|
$353.63 Million |
|
Jiangsu Jingxue Insulation
SHE:301010
|
$353.69 Million |
|
Hyliion Holdings Corp.
NYSE MKT:HYLN
|
$353.71 Million |
|
NEWRON PHARMACEUT. EO-20
XETRA:NP5
|
$353.55 Million |
|
FPT Securities JSC
VN:FTS
|
$353.48 Million |
|
Bewi Asa
OL:BEWI
|
$353.42 Million |
|
Aurelia Metals Ltd
AU:AMI
|
$353.29 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Alfas Solar Enerji Sanayi ve Ticaret A.S.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,944,683,155 to 3,796,806,994, a change of -147,876,161 (-3.7%).
- Net income of 199,205,262 contributed positively to equity growth.
- Dividend payments of 431,449,163 reduced retained earnings.
- Share repurchases of 55,221,313 reduced equity.
- Other factors increased equity by 139,589,053.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL199.21 Million | +5.25% |
| Dividends Paid | TL431.45 Million | -11.36% |
| Share Repurchases | TL55.22 Million | -1.45% |
| Other Changes | TL139.59 Million | +3.68% |
| Total Change | TL- | -3.75% |
Book Value vs Market Value Analysis
This analysis compares Alfas Solar Enerji Sanayi ve Ticaret 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: 4.16x
- 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 272.60x to 4.16x 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 | TL0.16 | TL42.90 | x |
| 2021-12-31 | TL0.30 | TL42.90 | x |
| 2022-12-31 | TL4.53 | TL42.90 | x |
| 2023-12-31 | TL10.72 | TL42.90 | x |
| 2024-12-31 | TL10.32 | TL42.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Alfas Solar Enerji Sanayi ve Ticaret 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): 5.25%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.59%
- • Asset Turnover: 1.06x
- • Equity Multiplier: 1.91x
- Recent ROE (5.25%) is below the historical average (40.76%), 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 | 67.04% | 16.63% | 1.29x | 3.13x | TL33.03 Million |
| 2021 | 44.48% | 11.04% | 1.00x | 4.05x | TL37.52 Million |
| 2022 | 48.99% | 19.52% | 1.22x | 2.05x | TL649.45 Million |
| 2023 | 38.03% | 13.44% | 1.52x | 1.86x | TL1.11 Billion |
| 2024 | 5.25% | 2.59% | 1.06x | 1.91x | TL-180.48 Million |
Industry Comparison
This section compares Alfas Solar Enerji Sanayi ve Ticaret A.S.'s net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $2,241,661,897
- Average return on equity (ROE) among peers: 19.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Alfas Solar Enerji Sanayi ve Ticaret A.S. (ALFAS) | TL5.32 Billion | 67.04% | 1.22x | $353.59 Million |
| CW Enerji SA (CWENE) | $8.54 Billion | 6.40% | 0.74x | $938.99 Million |
| Metemtur Yatırım Enerji Turizm ve İnşaat A.Ş. (METUR) | $13.69 Million | 0.00% | 0.76x | $222.26 Million |
| Naturel Yenilenebilir Enerji Ticare (NATEN) | $213.74 Million | 31.71% | 1.65x | $129.53 Million |
| Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi ve Ticaret (SMRTG) | $200.61 Million | 39.88% | 3.08x | $114.12 Million |
About Alfas Solar Enerji Sanayi ve Ticaret A.S.
Alfa Solar Enerji Sanayi ve Ticaret A.S. engages in the manufacture and sale of solar panels. The company was incorporated in 2011 and is headquartered in Ankara, Turkey. Alfa Solar Enerji Sanayi ve Ticaret A.S. operates as a subsidiary of Alfa Kazan Enerji ve Çevre Yatirimlari A.S.