Bagfas Bandirma Gubre Fabrikalari AS (BAGFS) - Net Assets
Based on the latest financial reports, Bagfas Bandirma Gubre Fabrikalari AS (BAGFS) has net assets worth TL5.80 Billion TRY (≈ $129.87 Million USD) as of June 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL10.62 Billion ≈ $237.96 Million USD) and total liabilities (TL4.83 Billion ≈ $108.09 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 Bagfas Bandirma Gubre Fabrikalari AS (BAGFS) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL5.80 Billion |
| % of Total Assets | 54.58% |
| Annual Growth Rate | -33.19% |
| 5-Year Change | 956.43% |
| 10-Year Change | 1563.25% |
| Growth Volatility | 61.69 |
Bagfas Bandirma Gubre Fabrikalari AS - Net Assets Trend (2001–2023)
This chart illustrates how Bagfas Bandirma Gubre Fabrikalari AS's net assets have evolved over time, based on quarterly financial data. See Bagfas Bandirma Gubre Fabrikalari AS defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Bagfas Bandirma Gubre Fabrikalari AS (2001–2023)
The table below shows the annual net assets of Bagfas Bandirma Gubre Fabrikalari AS from 2001 to 2023. For live valuation and market cap data, see Bagfas Bandirma Gubre Fabrikalari AS (BAGFS) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | TL4.70 Billion ≈ $105.27 Million |
+168.29% |
| 2022-12-31 | TL1.75 Billion ≈ $39.24 Million |
+167.43% |
| 2021-12-31 | TL655.08 Million ≈ $14.67 Million |
+64.47% |
| 2020-12-31 | TL398.30 Million ≈ $8.92 Million |
-10.48% |
| 2019-12-31 | TL444.91 Million ≈ $9.96 Million |
+22.56% |
| 2018-12-31 | TL363.02 Million ≈ $8.13 Million |
-23.37% |
| 2017-12-31 | TL473.71 Million ≈ $10.61 Million |
-2.32% |
| 2016-12-31 | TL484.94 Million ≈ $10.86 Million |
-7.25% |
| 2015-12-31 | TL522.85 Million ≈ $11.71 Million |
+85.02% |
| 2014-12-31 | TL282.59 Million ≈ $6.33 Million |
+26.75% |
| 2013-12-31 | TL222.95 Million ≈ $4.99 Million |
-3.62% |
| 2012-12-31 | TL231.32 Million ≈ $5.18 Million |
-2.51% |
| 2011-12-31 | TL237.28 Million ≈ $5.31 Million |
+27.61% |
| 2010-12-31 | TL185.95 Million ≈ $4.16 Million |
+33.81% |
| 2009-12-31 | TL138.97 Million ≈ $3.11 Million |
-23.89% |
| 2008-12-31 | TL182.59 Million ≈ $4.09 Million |
+58.20% |
| 2007-12-31 | TL115.42 Million ≈ $2.59 Million |
+30.00% |
| 2006-12-31 | TL88.79 Million ≈ $1.99 Million |
-100.00% |
| 2002-12-31 | TL49.43 Trillion ≈ $1.11 Trillion |
+47.30% |
| 2001-12-31 | TL33.56 Trillion ≈ $751.62 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Bagfas Bandirma Gubre Fabrikalari 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 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL2.88 Billion | 61.26% |
| Common Stock | TL135.00 Million | 2.87% |
| Other Comprehensive Income | TL205.04 Million | 4.36% |
| Other Components | TL1.48 Billion | 31.51% |
| Total Equity | TL4.70 Billion | 100.00% |
Bagfas Bandirma Gubre Fabrikalari AS Competitors by Market Cap
The table below lists competitors of Bagfas Bandirma Gubre Fabrikalari AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Totally PLC
LSE:TLY
|
$5.74K |
|
Renova Energia S.A
SA:RNEW11
|
$6.00K |
|
daVictus plc
LSE:DVT
|
$6.09K |
|
Norofert SA
RO:NRF
|
$6.14K |
|
Sunworks Inc
NASDAQ:SUNWQ
|
$5.68K |
|
CIC39 Corp
VN:C32
|
$5.66K |
|
Jade Road Investments Ltd
LSE:JADE
|
$5.38K |
|
Charoen Pokphand Foods Public Company Limited
F:CPOF
|
$5.32K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bagfas Bandirma Gubre Fabrikalari AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,751,865,616 to 4,700,145,746, a change of 2,948,280,130 (168.3%).
- Net loss of 1,507,261,377 reduced equity.
- Other comprehensive income increased equity by 47,799,912.
- Other factors increased equity by 4,407,741,595.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL-1.51 Billion | -32.07% |
| Other Comprehensive Income | TL47.80 Million | +1.02% |
| Other Changes | TL4.41 Billion | +93.78% |
| Total Change | TL- | 168.29% |
Book Value vs Market Value Analysis
This analysis compares Bagfas Bandirma Gubre Fabrikalari 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: 0.78x
- 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 35.44x to 0.78x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | TL0.77 | TL27.30 | x |
| 2007-12-31 | TL1.00 | TL27.30 | x |
| 2008-12-31 | TL1.59 | TL27.30 | x |
| 2009-12-31 | TL1.21 | TL27.30 | x |
| 2010-12-31 | TL1.62 | TL27.30 | x |
| 2011-12-31 | TL2.06 | TL27.30 | x |
| 2012-12-31 | TL1.99 | TL27.30 | x |
| 2013-12-31 | TL1.92 | TL27.30 | x |
| 2014-12-31 | TL2.25 | TL27.30 | x |
| 2015-12-31 | TL4.16 | TL27.30 | x |
| 2016-12-31 | TL3.86 | TL27.30 | x |
| 2017-12-31 | TL3.77 | TL27.30 | x |
| 2018-12-31 | TL2.89 | TL27.30 | x |
| 2019-12-31 | TL3.54 | TL27.30 | x |
| 2020-12-31 | TL3.17 | TL27.30 | x |
| 2021-12-31 | TL14.48 | TL27.30 | x |
| 2022-12-31 | TL12.98 | TL27.30 | x |
| 2023-12-31 | TL34.82 | TL27.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bagfas Bandirma Gubre Fabrikalari 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): -32.07%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -52.30%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.93x
- Recent ROE (-32.07%) is below the historical average (12.28%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 9.68% | 4.42% | 1.20x | 1.82x | TL-285.99K |
| 2007 | 27.06% | 12.68% | 1.35x | 1.58x | TL19.69 Million |
| 2008 | 45.33% | 21.21% | 1.27x | 1.69x | TL64.51 Million |
| 2009 | -3.71% | -1.92% | 1.22x | 1.58x | TL-19.05 Million |
| 2010 | 25.27% | 16.79% | 1.12x | 1.35x | TL28.39 Million |
| 2011 | 31.11% | 22.71% | 0.93x | 1.47x | TL50.10 Million |
| 2012 | 10.33% | 6.57% | 1.11x | 1.42x | TL770.52K |
| 2013 | 0.89% | 0.60% | 0.66x | 2.23x | TL-20.30 Million |
| 2014 | 7.72% | 6.61% | 0.45x | 2.57x | TL-6.44 Million |
| 2015 | 44.74% | 50.78% | 0.39x | 2.24x | TL181.66 Million |
| 2016 | -7.75% | -7.53% | 0.43x | 2.37x | TL-86.08 Million |
| 2017 | -2.16% | -1.97% | 0.42x | 2.61x | TL-57.58 Million |
| 2018 | -29.68% | -30.20% | 0.28x | 3.52x | TL-144.04 Million |
| 2019 | 18.39% | 9.38% | 0.53x | 3.69x | TL37.33 Million |
| 2020 | -10.35% | -3.97% | 0.54x | 4.81x | TL-81.04 Million |
| 2021 | 23.72% | 8.93% | 0.53x | 5.00x | TL89.89 Million |
| 2022 | 62.55% | 28.19% | 0.85x | 2.62x | TL920.66 Million |
| 2023 | -32.07% | -52.30% | 0.32x | 1.93x | TL-1.98 Billion |
Industry Comparison
This section compares Bagfas Bandirma Gubre Fabrikalari AS's net assets metrics with peer companies in the Agricultural Inputs industry.
Industry Context
- Industry: Agricultural Inputs
- Average net assets among peers: $4,479,722,031,167
- Average return on equity (ROE) among peers: 11.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bagfas Bandirma Gubre Fabrikalari AS (BAGFS) | TL5.80 Billion | 9.68% | 0.83x | $5.69K |
| Gubre Fabrikalari TAS (GUBRF) | $13.44 Trillion | 0.00% | 3.11x | $3.67 Billion |
| Hektas Ticaret TAS (HEKTS) | $507.37 Million | 28.69% | 1.42x | $785.45 Million |
| Tekfen Holding AS (TKFEN) | $1.34 Billion | 6.78% | 1.23x | $1.09 Billion |
About Bagfas Bandirma Gubre Fabrikalari AS
Bagfas Bandirma Gubre Fabrikalari A.S. engages in the production and sale of fertilizers in Turkey and internationally. The company offers chemical fertilizers, including ammonium nitrate; calcium ammonium nitrate; di ammonium phosphate; AS; sulphur composite fertilizer; sulphur zinc composite fertilizer; sulphur trioxide zinc NPK compound; and special formulations. It also provides phosphoric ac… Read more