Altin Yunus Cesme Turistik Tesisler AS (AYCES) - Net Assets
Based on the latest financial reports, Altin Yunus Cesme Turistik Tesisler AS (AYCES) has net assets worth TL4.79 Billion TRY (≈ $107.38 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL6.15 Billion ≈ $137.66 Million USD) and total liabilities (TL1.35 Billion ≈ $30.27 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. Read Altin Yunus Cesme Turistik Tesisler AS balance sheet liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL4.79 Billion |
| % of Total Assets | 78.01% |
| Annual Growth Rate | 22.38% |
| 5-Year Change | 777.85% |
| 10-Year Change | 3265.49% |
| Growth Volatility | 53.88 |
Altin Yunus Cesme Turistik Tesisler AS - Net Assets Trend (2004–2025)
This chart illustrates how Altin Yunus Cesme Turistik Tesisler AS's net assets have evolved over time, based on quarterly financial data. Also explore Altin Yunus Cesme Turistik Tesisler AS total assets for the complete picture of this company's asset base.
Annual Net Assets for Altin Yunus Cesme Turistik Tesisler AS (2004–2025)
The table below shows the annual net assets of Altin Yunus Cesme Turistik Tesisler AS from 2004 to 2025. For live valuation and market cap data, see market value of Altin Yunus Cesme Turistik Tesisler AS.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | TL4.79 Billion ≈ $107.38 Million |
-1.38% |
| 2024-12-31 | TL4.86 Billion ≈ $108.89 Million |
+40.75% |
| 2023-12-31 | TL3.45 Billion ≈ $77.36 Million |
+130.05% |
| 2022-12-31 | TL1.50 Billion ≈ $33.63 Million |
+174.91% |
| 2021-12-31 | TL546.16 Million ≈ $12.23 Million |
+155.37% |
| 2020-12-31 | TL213.87 Million ≈ $4.79 Million |
-4.77% |
| 2019-12-31 | TL224.58 Million ≈ $5.03 Million |
+53.48% |
| 2018-12-31 | TL146.33 Million ≈ $3.28 Million |
+0.27% |
| 2017-12-31 | TL145.93 Million ≈ $3.27 Million |
+2.44% |
| 2016-12-31 | TL142.46 Million ≈ $3.19 Million |
-5.38% |
| 2015-12-31 | TL150.56 Million ≈ $3.37 Million |
+55.75% |
| 2014-12-31 | TL96.66 Million ≈ $2.17 Million |
-1.19% |
| 2013-12-31 | TL97.83 Million ≈ $2.19 Million |
+6.67% |
| 2012-12-31 | TL91.71 Million ≈ $2.05 Million |
+0.06% |
| 2011-12-31 | TL91.66 Million ≈ $2.05 Million |
+26.47% |
| 2010-12-31 | TL72.47 Million ≈ $1.62 Million |
-3.35% |
| 2009-12-31 | TL74.99 Million ≈ $1.68 Million |
-4.78% |
| 2008-12-31 | TL78.75 Million ≈ $1.76 Million |
+5.40% |
| 2007-12-31 | TL74.72 Million ≈ $1.67 Million |
+16.95% |
| 2006-12-31 | TL63.89 Million ≈ $1.43 Million |
-6.92% |
| 2005-12-31 | TL68.64 Million ≈ $1.54 Million |
-0.54% |
| 2004-12-31 | TL69.01 Million ≈ $1.55 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Altin Yunus Cesme Turistik Tesisler 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 189617121900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL1.90 Billion | 39.55% |
| Other Components | TL2.90 Billion | 60.45% |
| Total Equity | TL4.79 Billion | 100.00% |
Altin Yunus Cesme Turistik Tesisler AS Competitors by Market Cap
The table below lists competitors of Altin Yunus Cesme Turistik Tesisler AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chularat Hospital Public Company Limited
BK:CHG-R
|
$589.72 Million |
|
Xinxiang Tianli Energy Co. Ltd. A
SHE:301152
|
$589.72 Million |
|
Relx PLC
LSE:REL
|
$589.76 Million |
|
Nilfisk Holding A/S
CO:NLFSK
|
$589.93 Million |
|
Zhenhai PetroChem Engineering
SHG:603637
|
$589.57 Million |
|
Yuancheng Cable Co Ltd
SHE:002692
|
$589.54 Million |
|
P10 Inc
NYSE:PX
|
$589.41 Million |
|
REalloys Inc.
NASDAQ:ALOY
|
$589.33 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Altin Yunus Cesme Turistik Tesisler AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,861,536,707 to 4,794,460,170, a change of -67,076,537 (-1.4%).
- Net loss of 68,159,238 reduced equity.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL-68.16 Million | -1.42% |
| Other Changes | TL1.08 Million | +0.02% |
| Total Change | TL- | -1.38% |
Book Value vs Market Value Analysis
This analysis compares Altin Yunus Cesme Turistik Tesisler 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: 5.49x
- 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 161.64x to 5.49x 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 | TL6.51 | TL1053.00 | x |
| 2018-12-31 | TL6.53 | TL1053.00 | x |
| 2019-12-31 | TL8.98 | TL1053.00 | x |
| 2020-12-31 | TL8.55 | TL1053.00 | x |
| 2021-12-31 | TL21.85 | TL1053.00 | x |
| 2022-12-31 | TL60.06 | TL1053.00 | x |
| 2023-12-31 | TL138.16 | TL1053.00 | x |
| 2024-12-31 | TL194.46 | TL1053.00 | x |
| 2025-12-31 | TL191.78 | TL1053.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Altin Yunus Cesme Turistik Tesisler 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): -1.42%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -17.94%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.28x
- Recent ROE (-1.42%) is below the historical average (-1.21%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 1.42% | 6.34% | 0.19x | 1.21x | TL-7.87 Million |
| 2014 | -1.04% | -4.12% | 0.21x | 1.21x | TL-10.67 Million |
| 2015 | -1.02% | -5.79% | 0.15x | 1.18x | TL-16.59 Million |
| 2016 | -5.65% | -41.20% | 0.11x | 1.26x | TL-22.30 Million |
| 2017 | -3.35% | -20.93% | 0.12x | 1.32x | TL-19.49 Million |
| 2018 | 0.34% | 1.41% | 0.18x | 1.31x | TL-14.14 Million |
| 2019 | 1.23% | 6.21% | 0.16x | 1.26x | TL-19.69 Million |
| 2020 | -4.80% | -53.35% | 0.07x | 1.28x | TL-31.65 Million |
| 2021 | 2.95% | 26.91% | 0.09x | 1.20x | TL-38.50 Million |
| 2022 | 0.58% | 8.21% | 0.06x | 1.17x | TL-141.46 Million |
| 2023 | -1.22% | -13.08% | 0.08x | 1.22x | TL-387.60 Million |
| 2024 | -3.74% | -44.66% | 0.07x | 1.26x | TL-668.02 Million |
| 2025 | -1.42% | -17.94% | 0.06x | 1.28x | TL-547.61 Million |
Industry Comparison
This section compares Altin Yunus Cesme Turistik Tesisler AS's net assets metrics with peer companies in the Resorts & Casinos industry.
Industry Context
- Industry: Resorts & Casinos
- Average net assets among peers: $423,760,207
- Average return on equity (ROE) among peers: 38.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Altin Yunus Cesme Turistik Tesisler AS (AYCES) | TL4.79 Billion | 1.42% | 0.28x | $589.61 Million |
| Merit Turizm Yatirim ve Isletme AS (MERIT) | $6.44 Million | 39.33% | 0.17x | $123.26 Million |
| Petrokent Turizm AS (PKENT) | $841.08 Million | 38.24% | 0.22x | $2.88 Billion |
About Altin Yunus Cesme Turistik Tesisler AS
Altin Yunus Çesme Turistik Tesisler A.S. operates tourist hotels and facilities in Turkey. It provides accommodation services. The company was founded in 1972 and is headquartered in Izmir, Turkey. Altin Yunus Çesme Turistik Tesisler A.S. operates as a subsidiary of Yasar Holding A.S.