Ayes Celik Hasir ve Cit Sanayi AS (AYES) - Net Assets
Based on the latest financial reports, Ayes Celik Hasir ve Cit Sanayi AS (AYES) has net assets worth TL1.67 Billion TRY (≈ $37.48 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL3.91 Billion ≈ $87.67 Million USD) and total liabilities (TL2.24 Billion ≈ $50.19 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 Ayes Celik Hasir ve Cit Sanayi AS (AYES) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL1.67 Billion |
| % of Total Assets | 42.75% |
| Annual Growth Rate | 48.65% |
| 5-Year Change | 2722.27% |
| 10-Year Change | 4914.96% |
| Growth Volatility | 81.1 |
Ayes Celik Hasir ve Cit Sanayi AS - Net Assets Trend (2014–2024)
This chart illustrates how Ayes Celik Hasir ve Cit Sanayi AS's net assets have evolved over time, based on quarterly financial data. Also explore how large is Ayes Celik Hasir ve Cit Sanayi AS's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Ayes Celik Hasir ve Cit Sanayi AS (2014–2024)
The table below shows the annual net assets of Ayes Celik Hasir ve Cit Sanayi AS from 2014 to 2024. For live valuation and market cap data, see Ayes Celik Hasir ve Cit Sanayi AS (AYES) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL1.54 Billion ≈ $34.56 Million |
+109.07% |
| 2023-12-31 | TL738.02 Million ≈ $16.53 Million |
+269.76% |
| 2022-12-31 | TL199.59 Million ≈ $4.47 Million |
+127.86% |
| 2021-12-31 | TL87.60 Million ≈ $1.96 Million |
+60.22% |
| 2020-12-31 | TL54.67 Million ≈ $1.22 Million |
+36.29% |
| 2019-12-31 | TL40.12 Million ≈ $898.48K |
+2.97% |
| 2018-12-31 | TL38.96 Million ≈ $872.59K |
+7.10% |
| 2017-12-31 | TL36.38 Million ≈ $814.76K |
+11.64% |
| 2016-12-31 | TL32.59 Million ≈ $729.83K |
+5.91% |
| 2015-12-31 | TL30.77 Million ≈ $689.13K |
+5.09% |
| 2014-12-31 | TL29.28 Million ≈ $655.73K |
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Equity Component Analysis
This analysis shows how different components contribute to Ayes Celik Hasir ve Cit Sanayi 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 1479.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL216.61 Million | 14.04% |
| Other Components | TL1.33 Billion | 85.96% |
| Total Equity | TL1.54 Billion | 100.00% |
Ayes Celik Hasir ve Cit Sanayi AS Competitors by Market Cap
The table below lists competitors of Ayes Celik Hasir ve Cit Sanayi AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NICE Total Cash Management Co. Ltd
KQ:063570
|
$104.25 Million |
|
Cytogen Inc
KQ:217330
|
$104.28 Million |
|
Spigen Korea Co. Ltd
KQ:192440
|
$104.28 Million |
|
SDI Ltd
AU:SDI
|
$104.29 Million |
|
CI Holdings Bhd
KLSE:2828
|
$104.12 Million |
|
FG Merger II Corp. Common stock
NASDAQ:FGMC
|
$104.09 Million |
|
OCK Group Bhd
KLSE:0172
|
$104.08 Million |
|
Panram International
TWO:8088
|
$104.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ayes Celik Hasir ve Cit Sanayi AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 738,019,105 to 1,543,007,189, a change of 804,988,084 (109.1%).
- Net income of 55,901,162 contributed positively to equity growth.
- Dividend payments of 11,165,418 reduced retained earnings.
- Other factors increased equity by 760,252,340.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL55.90 Million | +3.62% |
| Dividends Paid | TL11.17 Million | -0.72% |
| Other Changes | TL760.25 Million | +49.27% |
| Total Change | TL- | 109.07% |
Book Value vs Market Value Analysis
This analysis compares Ayes Celik Hasir ve Cit Sanayi 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: 3.01x
- 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 12.81x to 3.01x 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 | TL2.42 | TL31.00 | x |
| 2018-12-31 | TL2.59 | TL31.00 | x |
| 2019-12-31 | TL2.67 | TL31.00 | x |
| 2020-12-31 | TL3.64 | TL31.00 | x |
| 2021-12-31 | TL5.83 | TL31.00 | x |
| 2022-12-31 | TL6.64 | TL31.00 | x |
| 2023-12-31 | TL4.92 | TL31.00 | x |
| 2024-12-31 | TL10.29 | TL31.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ayes Celik Hasir ve Cit Sanayi 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): 3.62%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.75%
- • Asset Turnover: 2.43x
- • Equity Multiplier: 1.99x
- Recent ROE (3.62%) is below the historical average (17.64%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 3.57% | 0.65% | 3.48x | 1.58x | TL-1.88 Million |
| 2015 | 7.29% | 1.74% | 2.99x | 1.40x | TL-833.92K |
| 2016 | 8.66% | 1.61% | 3.40x | 1.58x | TL-437.60K |
| 2017 | 12.78% | 1.61% | 3.55x | 2.24x | TL1.01 Million |
| 2018 | 9.67% | 0.94% | 4.58x | 2.25x | TL-127.20K |
| 2019 | 5.12% | 0.60% | 3.03x | 2.82x | TL-1.96 Million |
| 2020 | 28.22% | 2.56% | 3.53x | 3.13x | TL9.96 Million |
| 2021 | 40.97% | 2.68% | 4.15x | 3.69x | TL27.13 Million |
| 2022 | 58.28% | 4.13% | 4.51x | 3.12x | TL96.36 Million |
| 2023 | 15.86% | 1.50% | 3.01x | 3.51x | TL43.26 Million |
| 2024 | 3.62% | 0.75% | 2.43x | 1.99x | TL-98.40 Million |
Industry Comparison
This section compares Ayes Celik Hasir ve Cit Sanayi AS's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $2,628,391,307
- Average return on equity (ROE) among peers: 8.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ayes Celik Hasir ve Cit Sanayi AS (AYES) | TL1.67 Billion | 3.57% | 1.34x | $104.15 Million |
| BMS Celik Hasir Sanayi ve Ticaret AS (BMSCH) | $332.07 Million | 19.00% | 0.53x | $42.38 Million |
| Bms Birlesik Metal Sanayi ve Ticaret AS (BMSTL) | $942.75 Million | 1.79% | 0.74x | $282.71 Million |
| Borusan Mannesmann Boru Sanayi ve Ticaret AS (BRSAN) | $2.77 Billion | 10.22% | 1.46x | $1.97 Billion |
| Borusan Yatirim ve Pazarlama AS (BRYAT) | $2.24 Billion | 3.02% | 0.05x | $1.36 Billion |
| Cemtas Celik Makina Sanayi ve Ticaret AS (CEMTS) | $130.05 Million | 0.00% | 0.21x | $121.73 Million |
| Doktas Dokumculuk Ticaret ve Sanayi AS (DOKTA) | $4.47 Billion | 10.59% | 1.60x | $181.27 Million |
| Erciyas Celik Boru Sanayi A.S. (ERCB) | $543.39 Million | 0.00% | 2.32x | $104.51 Million |
| Eregli Demir ve Celik Fabrikalari TAS (EREGL) | $6.69 Billion | 11.45% | 1.02x | $5.67 Billion |
| Iskenderun Demir ve Celik AS (ISDMR) | $5.54 Billion | 18.00% | 0.43x | $3.44 Billion |
About Ayes Celik Hasir ve Cit Sanayi AS
Ayes Celik Hasir Ve Cit Sanayi A.S. manufactures and sells wire meshes in Turkey. It offers Q- and R-type wire meshes, fence meshes, and special wire meshes; reinforcement stands; panel fences and cage wire meshes; coil bar-wire rods, cutted deformed bars, stirrup rebars, and steel rebars; and drawing, wire cutting, butt welding, and mesh bending machines. The company was founded in 1978 and is h… Read more