Aselsan Elektronik Sanayi ve Ticaret AS
ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi engages in the research, development, engineering, production, testing, assembly, integration, sale, support, consultancy, and trading of software, equipment, systems, tools, materials, and platforms. It operates in five divisions: Communication and Information Technologies; Radar and Electronic Warfare Systems; Defence Systems Technologies; Mic… Read more
Aselsan Elektronik Sanayi ve Ticaret AS (ASELS) - Net Assets
Latest net assets as of June 2025: TL170.25 Billion TRY
Based on the latest financial reports, Aselsan Elektronik Sanayi ve Ticaret AS (ASELS) has net assets worth TL170.25 Billion TRY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL290.27 Billion) and total liabilities (TL120.03 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 | TL170.25 Billion |
| % of Total Assets | 58.65% |
| Annual Growth Rate | -21.88% |
| 5-Year Change | 681.07% |
| 10-Year Change | 4876.15% |
| Growth Volatility | 44.32 |
Aselsan Elektronik Sanayi ve Ticaret AS - Net Assets Trend (2000–2024)
This chart illustrates how Aselsan Elektronik Sanayi ve Ticaret 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 Aselsan Elektronik Sanayi ve Ticaret AS (2000–2024)
The table below shows the annual net assets of Aselsan Elektronik Sanayi ve Ticaret AS from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL141.36 Billion | +59.94% |
| 2023-12-31 | TL88.38 Billion | +121.72% |
| 2022-12-31 | TL39.86 Billion | +54.29% |
| 2021-12-31 | TL25.84 Billion | +42.75% |
| 2020-12-31 | TL18.10 Billion | +33.38% |
| 2019-12-31 | TL13.57 Billion | +33.33% |
| 2018-12-31 | TL10.18 Billion | +101.60% |
| 2017-12-31 | TL5.05 Billion | +36.75% |
| 2016-12-31 | TL3.69 Billion | +29.95% |
| 2015-12-31 | TL2.84 Billion | +28.02% |
| 2014-12-31 | TL2.22 Billion | +37.61% |
| 2013-12-31 | TL1.61 Billion | +27.36% |
| 2012-12-31 | TL1.27 Billion | +24.27% |
| 2011-12-31 | TL1.02 Billion | +20.71% |
| 2010-12-31 | TL844.04 Million | +27.91% |
| 2009-12-31 | TL659.87 Million | +36.20% |
| 2008-12-31 | TL484.48 Million | -3.90% |
| 2007-12-31 | TL504.14 Million | +18.61% |
| 2006-12-31 | TL425.03 Million | +13.31% |
| 2005-12-31 | TL375.11 Million | +28.67% |
| 2004-12-31 | TL291.52 Million | -100.00% |
| 2003-12-31 | TL207.08 Trillion | +37.70% |
| 2002-12-31 | TL150.39 Trillion | +147.77% |
| 2001-12-31 | TL60.70 Trillion | +14.43% |
| 2000-12-31 | TL53.04 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Aselsan Elektronik Sanayi ve Ticaret 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 8274636400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL82.75 Billion | 58.98% |
| Other Components | TL57.55 Billion | 41.02% |
| Total Equity | TL140.30 Billion | 100.00% |
Aselsan Elektronik Sanayi ve Ticaret AS Competitors by Market Cap
The table below lists competitors of Aselsan Elektronik Sanayi ve Ticaret AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MPLX LP
NYSE:MPLX
|
$21.00 Billion |
|
MongoDB
NASDAQ:MDB
|
$21.02 Billion |
|
Epiroc AB Series A
LSE:0YSU
|
$21.04 Billion |
|
Hydro One Limited
PINK:HRNNF
|
$21.07 Billion |
|
Nokia Corporation
PINK:NOKBF
|
$20.98 Billion |
|
Power Corporation of Canada
PINK:PWCDF
|
$20.95 Billion |
|
KeyCorp
NYSE:KEY
|
$20.94 Billion |
|
Fubon Financial Holding Co Ltd
TW:2881
|
$20.91 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Aselsan Elektronik Sanayi ve Ticaret AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 87,311,033,000 to 140,298,941,000, a change of 52,987,908,000 (60.7%).
- Net income of 15,298,743,000 contributed positively to equity growth.
- Dividend payments of 169,643,000 reduced retained earnings.
- Other factors increased equity by 37,858,808,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL15.30 Billion | +10.9% |
| Dividends Paid | TL169.64 Million | -0.12% |
| Other Changes | TL37.86 Billion | +26.98% |
| Total Change | TL- | 60.69% |
Book Value vs Market Value Analysis
This analysis compares Aselsan Elektronik Sanayi ve Ticaret 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: 11.34x
- 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 138.18x to 11.34x 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 | TL2.52 | TL348.75 | x |
| 2018-12-31 | TL4.44 | TL348.75 | x |
| 2019-12-31 | TL5.92 | TL348.75 | x |
| 2020-12-31 | TL7.84 | TL348.75 | x |
| 2021-12-31 | TL11.21 | TL348.75 | x |
| 2022-12-31 | TL17.38 | TL348.75 | x |
| 2023-12-31 | TL19.15 | TL348.75 | x |
| 2024-12-31 | TL30.77 | TL348.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Aselsan Elektronik Sanayi ve Ticaret 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): 10.90%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.73%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.73x
- Recent ROE (10.90%) is below the historical average (20.04%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 19.67% | 15.36% | 0.32x | 4.00x | TL28.02 Million |
| 2005 | 24.40% | 22.78% | 0.31x | 3.43x | TL53.54 Million |
| 2006 | 18.20% | 14.97% | 0.38x | 3.22x | TL34.59 Million |
| 2007 | 20.04% | 14.99% | 0.48x | 2.76x | TL50.19 Million |
| 2008 | 2.52% | 1.73% | 0.41x | 3.53x | TL-36.26 Million |
| 2009 | 28.03% | 17.86% | 0.42x | 3.76x | TL119.23 Million |
| 2010 | 28.52% | 20.23% | 0.43x | 3.26x | TL156.31 Million |
| 2011 | 15.78% | 10.70% | 0.63x | 2.35x | TL58.87 Million |
| 2012 | 23.17% | 17.96% | 0.49x | 2.63x | TL166.65 Million |
| 2013 | 14.77% | 10.96% | 0.54x | 2.49x | TL76.88 Million |
| 2014 | 15.77% | 14.01% | 0.50x | 2.25x | TL128.11 Million |
| 2015 | 7.50% | 7.66% | 0.45x | 2.20x | TL-71.10 Million |
| 2016 | 21.54% | 21.10% | 0.44x | 2.33x | TL426.09 Million |
| 2017 | 27.49% | 25.89% | 0.49x | 2.16x | TL883.00 Million |
| 2018 | 22.88% | 25.73% | 0.46x | 1.92x | TL1.30 Billion |
| 2019 | 24.75% | 25.67% | 0.51x | 1.90x | TL1.99 Billion |
| 2020 | 24.88% | 27.63% | 0.47x | 1.91x | TL2.66 Billion |
| 2021 | 27.89% | 35.41% | 0.43x | 1.82x | TL4.57 Billion |
| 2022 | 30.06% | 33.77% | 0.46x | 1.92x | TL7.95 Billion |
| 2023 | 12.06% | 9.91% | 0.71x | 1.72x | TL1.79 Billion |
| 2024 | 10.90% | 12.73% | 0.50x | 1.73x | TL1.27 Billion |
Industry Comparison
This section compares Aselsan Elektronik Sanayi ve Ticaret AS's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $1,194,059,530
- Average return on equity (ROE) among peers: 13.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Aselsan Elektronik Sanayi ve Ticaret AS (ASELS) | TL170.25 Billion | 19.67% | 0.71x | $20.99 Billion |
| ALTINAY SAVUNMA (ALTNY) | $914.28 Million | 3.03% | 0.68x | $156.34 Million |
| Hat-San Gemi Insaa Bakim Onarim Deniz Nakliyat Sanayi ve Ticaret Anonim Sirketi (HATSN) | $67.53 Million | 10.31% | 11.66x | $46.20 Million |
| OZATA DENIZCILIK (OZATD) | $1.95 Billion | 38.16% | 1.09x | $83.20 Million |
| SDT Uzay ve Savunma Teknolojileri A.S. (SDTTR) | $1.84 Billion | 0.54% | 0.56x | $79.70 Million |