Dogu Aras Enerji Yatirimlari AS
Dogu Aras Enerji Yatirimlari AS, through its subsidiaries, engages in the retail sale and distribution of electricity in Turkey. The company was founded in 2013 and is based in Erzurum, Turkey.
Dogu Aras Enerji Yatirimlari AS (ARASE) - Net Assets
Latest net assets as of June 2024: TL12.70 Billion TRY
Based on the latest financial reports, Dogu Aras Enerji Yatirimlari AS (ARASE) has net assets worth TL12.70 Billion TRY as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL21.39 Billion) and total liabilities (TL8.69 Billion). 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 | TL12.70 Billion |
| % of Total Assets | 59.36% |
| Annual Growth Rate | 85.69% |
| 5-Year Change | 1159.9% |
| 10-Year Change | N/A |
| Growth Volatility | 126.54 |
Dogu Aras Enerji Yatirimlari AS - Net Assets Trend (2018–2023)
This chart illustrates how Dogu Aras Enerji Yatirimlari AS's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Dogu Aras Enerji Yatirimlari AS (2018–2023)
The table below shows the annual net assets of Dogu Aras Enerji Yatirimlari AS from 2018 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | TL9.75 Billion | +362.68% |
| 2022-12-31 | TL2.11 Billion | +50.59% |
| 2021-12-31 | TL1.40 Billion | +25.62% |
| 2020-12-31 | TL1.11 Billion | +43.94% |
| 2019-12-31 | TL773.47 Million | +75.14% |
| 2018-12-31 | TL441.63 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Dogu Aras Enerji Yatirimlari 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 grown by 2434.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL8.82 Billion | 90.50% |
| Common Stock | TL250.00 Million | 2.57% |
| Other Comprehensive Income | TL676.13 Million | 6.94% |
| Other Components | TL1.00 | 0.00% |
| Total Equity | TL9.75 Billion | 100.00% |
Dogu Aras Enerji Yatirimlari AS Competitors by Market Cap
The table below lists competitors of Dogu Aras Enerji Yatirimlari AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
APAC Opto Electronics
TWO:4908
|
$147.09 Million |
|
Cardinal Ethanol LLC
OTCGREY:CRDE
|
$147.10 Million |
|
St.Shine Optical Co Ltd
TWO:1565
|
$147.19 Million |
|
Yanpai Filtration Technology Co.Ltd.
SHE:301081
|
$147.19 Million |
|
AVY Precision Technology
TWO:5392
|
$146.98 Million |
|
Suzhou Longjie Special Fiber Co Ltd
SHG:603332
|
$146.89 Million |
|
FIRST SAVINGS FINL DL-01
F:8N4
|
$146.85 Million |
|
C6K0
F:C6K0
|
$146.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dogu Aras Enerji Yatirimlari AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 2,106,201,674 to 9,745,039,314, a change of 7,638,837,640 (362.7%).
- Net income of 5,229,722,388 contributed positively to equity growth.
- Other comprehensive income increased equity by 515,410,022.
- Other factors increased equity by 1,893,705,230.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL5.23 Billion | +53.67% |
| Other Comprehensive Income | TL515.41 Million | +5.29% |
| Other Changes | TL1.89 Billion | +19.43% |
| Total Change | TL- | 362.68% |
Book Value vs Market Value Analysis
This analysis compares Dogu Aras Enerji Yatirimlari 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: 2.68x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 59.04x to 2.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | TL1.77 | TL104.30 | x |
| 2019-12-31 | TL3.09 | TL104.30 | x |
| 2020-12-31 | TL4.45 | TL104.30 | x |
| 2021-12-31 | TL5.59 | TL104.30 | x |
| 2022-12-31 | TL8.42 | TL104.30 | x |
| 2023-12-31 | TL38.98 | TL104.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dogu Aras Enerji Yatirimlari 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): 53.67%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.27%
- • Asset Turnover: 1.42x
- • Equity Multiplier: 1.69x
- Recent ROE (53.67%) is above the historical average (45.40%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 48.55% | 12.52% | 1.25x | 3.10x | TL170.23 Million |
| 2019 | 55.31% | 21.13% | 1.12x | 2.33x | TL350.50 Million |
| 2020 | 41.47% | 16.71% | 1.24x | 2.00x | TL350.41 Million |
| 2021 | 32.02% | 7.31% | 2.09x | 2.09x | TL308.02 Million |
| 2022 | 41.37% | 5.56% | 2.45x | 3.04x | TL660.72 Million |
| 2023 | 53.67% | 22.27% | 1.42x | 1.69x | TL4.26 Billion |
Industry Comparison
This section compares Dogu Aras Enerji Yatirimlari AS's net assets metrics with peer companies in the Utilities - Independent Power Producers industry.
Industry Context
- Industry: Utilities - Independent Power Producers
- Average net assets among peers: $1,977,349,889
- Average return on equity (ROE) among peers: -15.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dogu Aras Enerji Yatirimlari AS (ARASE) | TL12.70 Billion | 48.55% | 0.68x | $147.06 Million |
| Aksa Enerji Uretim AS (AKSEN) | $3.82 Billion | 8.62% | 1.23x | $544.58 Million |
| Can2 Termik AS (CANTE) | $4.41 Billion | 48.47% | 0.72x | $185.94 Million |
| CATES ELEKTRIK (CATES) | $889.92 Million | -19.10% | 3.33x | $47.62 Million |
| IZDEMIR Enerji Elektrik Uretim A.S. (IZENR) | $404.03 Million | -79.00% | 3.98x | $256.11 Million |
| Turcas Petrol AS (TRCAS) | $364.67 Million | -34.00% | 2.60x | $136.36 Million |