Ayen Enerji AS (AYEN) - Net Assets
Based on the latest financial reports, Ayen Enerji AS (AYEN) has net assets worth TL17.11 Billion TRY (≈ $383.14 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 (TL26.08 Billion ≈ $584.13 Million USD) and total liabilities (TL8.97 Billion ≈ $200.99 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 AYEN financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL17.11 Billion |
| % of Total Assets | 65.59% |
| Annual Growth Rate | -28.03% |
| 5-Year Change | 1431.21% |
| 10-Year Change | 4937.93% |
| Growth Volatility | 65.89 |
Ayen Enerji AS - Net Assets Trend (2000–2024)
This chart illustrates how Ayen Enerji AS's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Ayen Enerji AS for the complete picture of this company's asset base.
Annual Net Assets for Ayen Enerji AS (2000–2024)
The table below shows the annual net assets of Ayen Enerji AS from 2000 to 2024. For live valuation and market cap data, see market cap of Ayen Enerji AS.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL13.33 Billion ≈ $298.46 Million |
-12.25% |
| 2023-12-31 | TL15.19 Billion ≈ $340.13 Million |
+251.98% |
| 2022-12-31 | TL4.31 Billion ≈ $96.63 Million |
+137.94% |
| 2021-12-31 | TL1.81 Billion ≈ $40.61 Million |
+108.35% |
| 2020-12-31 | TL870.27 Million ≈ $19.49 Million |
+15.27% |
| 2019-12-31 | TL755.01 Million ≈ $16.91 Million |
+35.65% |
| 2018-12-31 | TL556.58 Million ≈ $12.47 Million |
+30.49% |
| 2017-12-31 | TL426.54 Million ≈ $9.55 Million |
+50.27% |
| 2016-12-31 | TL283.84 Million ≈ $6.36 Million |
+7.31% |
| 2015-12-31 | TL264.51 Million ≈ $5.92 Million |
-3.45% |
| 2014-12-31 | TL273.96 Million ≈ $6.14 Million |
+13.02% |
| 2013-12-31 | TL242.40 Million ≈ $5.43 Million |
-16.00% |
| 2012-12-31 | TL288.58 Million ≈ $6.46 Million |
-2.65% |
| 2011-12-31 | TL296.44 Million ≈ $6.64 Million |
+13.77% |
| 2010-12-31 | TL260.56 Million ≈ $5.84 Million |
+2.71% |
| 2009-12-31 | TL253.70 Million ≈ $5.68 Million |
+5.26% |
| 2008-12-31 | TL241.03 Million ≈ $5.40 Million |
+6.44% |
| 2007-12-31 | TL226.45 Million ≈ $5.07 Million |
+14.57% |
| 2006-12-31 | TL197.65 Million ≈ $4.43 Million |
-8.31% |
| 2005-12-31 | TL215.55 Million ≈ $4.83 Million |
-100.00% |
| 2003-12-31 | TL98.17 Trillion ≈ $2.20 Trillion |
+53.65% |
| 2002-12-31 | TL63.89 Trillion ≈ $1.43 Trillion |
-2.64% |
| 2001-12-31 | TL65.62 Trillion ≈ $1.47 Trillion |
+83.36% |
| 2000-12-31 | TL35.79 Trillion ≈ $801.56 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Ayen Enerji 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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL5.53 Billion | 43.34% |
| Other Components | TL7.24 Billion | 56.66% |
| Total Equity | TL12.77 Billion | 100.00% |
Ayen Enerji AS Competitors by Market Cap
The table below lists competitors of Ayen Enerji AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Boyaa Interactive International Limited
F:1BY
|
$227.49 Million |
|
Mulpha International Bhd
KLSE:3905
|
$227.54 Million |
|
OBOOK Holdings Inc. Class A Common Shares
NASDAQ:OWLS
|
$227.60 Million |
|
Kisco Holdings
KO:001940
|
$227.66 Million |
|
Stellar V Capital Corp. Unit
NASDAQ:SVCCU
|
$227.39 Million |
|
RF Capital Group Inc
TO:RCG
|
$227.36 Million |
|
TTS (TRANSPORT TRADE SERVICES)
RO:TTS
|
$227.32 Million |
|
Best SA
WAR:BST
|
$227.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ayen Enerji AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 14,522,239,029 to 12,770,437,084, a change of -1,751,801,945 (-12.1%).
- Net income of 731,494,334 contributed positively to equity growth.
- Dividend payments of 156,442,784 reduced retained earnings.
- Other factors decreased equity by 2,326,853,495.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL731.49 Million | +5.73% |
| Dividends Paid | TL156.44 Million | -1.23% |
| Other Changes | TL-2.33 Billion | -18.22% |
| Total Change | TL- | -12.06% |
Book Value vs Market Value Analysis
This analysis compares Ayen Enerji 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: 0.80x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 22.14x to 0.80x 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 | TL1.65 | TL36.60 | x |
| 2018-12-31 | TL2.15 | TL36.60 | x |
| 2019-12-31 | TL2.47 | TL36.60 | x |
| 2020-12-31 | TL2.84 | TL36.60 | x |
| 2021-12-31 | TL5.95 | TL36.60 | x |
| 2022-12-31 | TL14.55 | TL36.60 | x |
| 2023-12-31 | TL52.33 | TL36.60 | x |
| 2024-12-31 | TL46.02 | TL36.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ayen Enerji 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): 5.73%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.28%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.59x
- Recent ROE (5.73%) is below the historical average (14.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 72.32% | 157.47% | 0.13x | 3.48x | TL40.90 Trillion |
| 2002 | 61.42% | 55.29% | 0.33x | 3.32x | TL32.85 Trillion |
| 2003 | 48.28% | 97.41% | 0.14x | 3.54x | TL34.25 Trillion |
| 2005 | 3.19% | 8.18% | 0.14x | 2.78x | TL-14.26 Million |
| 2007 | 10.04% | 22.15% | 0.22x | 2.04x | TL90.10K |
| 2008 | 18.03% | 41.44% | 0.19x | 2.27x | TL18.59 Million |
| 2009 | 19.33% | 41.33% | 0.23x | 2.05x | TL22.57 Million |
| 2010 | 16.40% | 33.14% | 0.25x | 1.98x | TL15.95 Million |
| 2011 | 8.65% | 16.61% | 0.16x | 3.34x | TL-3.67 Million |
| 2012 | 8.69% | 11.66% | 0.20x | 3.69x | TL-3.41 Million |
| 2014 | 11.13% | 11.67% | 0.16x | 5.93x | TL2.72 Million |
| 2015 | -12.91% | -10.27% | 0.17x | 7.52x | TL-51.74 Million |
| 2016 | -12.63% | -8.02% | 0.18x | 8.90x | TL-50.68 Million |
| 2017 | 9.52% | 7.36% | 0.21x | 6.27x | TL-1.79 Million |
| 2018 | -10.36% | -6.38% | 0.29x | 5.56x | TL-97.64 Million |
| 2019 | 3.06% | 4.10% | 0.19x | 3.86x | TL-47.62 Million |
| 2020 | -11.60% | -16.11% | 0.17x | 4.21x | TL-170.43 Million |
| 2021 | 6.77% | 7.09% | 0.28x | 3.38x | TL-53.34 Million |
| 2022 | 39.47% | 23.46% | 0.71x | 2.38x | TL1.19 Billion |
| 2023 | 13.49% | 25.66% | 0.32x | 1.64x | TL506.38 Million |
| 2024 | 5.73% | 11.28% | 0.32x | 1.59x | TL-545.55 Million |
Industry Comparison
This section compares Ayen Enerji AS's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $4,080,191,131
- Average return on equity (ROE) among peers: 1.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ayen Enerji AS (AYEN) | TL17.11 Billion | 72.32% | 0.52x | $227.48 Million |
| Akfen Yenilenebilir Enerji A.S. (AKFYE) | $15.26 Billion | -10.33% | 1.21x | $615.26 Million |
| Aksu Enerji ve Ticaret AS (AKSUE) | $20.94 Million | -34.88% | 1.99x | $55.17 Million |
| Aydem Yenilenebilir Enerji AS (AYDEM) | $9.80 Billion | -1.23% | 1.30x | $462.65 Million |
| Biotrend Cevre ve Enerji Yatirimlari AS (BIOEN) | $553.30 Million | 0.68% | 2.30x | $226.89 Million |
| Consus Enerji Isletmeciligi ve Hizmetleri AS (CONSE) | $1.85 Billion | 16.38% | 1.87x | $58.71 Million |
| Esenboga Elektrik Uretim AS (ESEN) | $31.48 Million | 2.98% | 2.51x | $150.42 Million |
| Galata Wind Enerji Anonim Sirket (GWIND) | $7.03 Billion | 12.80% | 0.30x | $368.40 Million |
| Hun Yenilenebilir Enerji Uretim AS (HUNER) | $1.96 Billion | 8.69% | 1.14x | $72.12 Million |
| Kartal Yenilenebilir Enerji Uretim AS (KARYE) | $210.10 Million | 18.83% | 1.71x | $33.43 Million |
About Ayen Enerji AS
Ayen Enerji A.S., together with its subsidiaries, engages in the production, distribution, and trading of electricity in Turkey and internationally. It generates electricity through hydroelectric, solar, and wind sources. Ayen Enerji A.S. was incorporated in 1990 and is based in Ankara, Turkey. Ayen Enerji A.S. is a subsidiary of Aydiner Insaat AS.