Bor Seker As
Bor Seker A.S. manufactures and sells sugar products in Turkey. It offers granulated sugar, sugar cubes, stick sugar, wet beet pulp, bagged beet pulp, and molasses. The company was founded in 1983 and is headquartered in Istanbul, Turkey.
Bor Seker As (BORSK) - Net Assets
Latest net assets as of June 2024: TL4.71 Billion TRY
Based on the latest financial reports, Bor Seker As (BORSK) has net assets worth TL4.71 Billion TRY as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL5.22 Billion) and total liabilities (TL509.10 Million). 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 | TL4.71 Billion |
| % of Total Assets | 90.24% |
| Annual Growth Rate | 159.27% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 243.91 |
Bor Seker As - Net Assets Trend (2020–2023)
This chart illustrates how Bor Seker 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 Bor Seker As (2020–2023)
The table below shows the annual net assets of Bor Seker As from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-09-30 | TL4.29 Billion | +62.15% |
| 2022-09-30 | TL2.65 Billion | +577.63% |
| 2021-09-30 | TL390.54 Million | +58.30% |
| 2020-09-30 | TL246.71 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bor Seker 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 4095.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL2.13 Billion | 49.68% |
| Other Components | TL2.16 Billion | 50.32% |
| Total Equity | TL4.29 Billion | 100.00% |
Bor Seker As Competitors by Market Cap
The table below lists competitors of Bor Seker As ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bambuser AB
ST:BUSER
|
$12.43 Million |
|
ZUM Internet Corp.
KQ:239340
|
$12.43 Million |
|
Carrier Connect Data Solutions Inc.
V:CCDS
|
$12.44 Million |
|
Sequoia Financial Group Ltd
AU:SEQ
|
$12.44 Million |
|
Foamit Oyj
HE:FOAMIT
|
$12.42 Million |
|
LENDINVEST LTD LS -0005
F:82H
|
$12.42 Million |
|
Sano Bruno's Enterprises Ltd
TA:SANO1
|
$12.42 Million |
|
Crunchfish AB
ST:CFISH
|
$12.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bor Seker As's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 2,646,373,108 to 4,291,105,892, a change of 1,644,732,784 (62.2%).
- Net income of 823,127,477 contributed positively to equity growth.
- Dividend payments of 239,950,300 reduced retained earnings.
- New share issuances of 1,062,007,872 increased equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL823.13 Million | +19.18% |
| Dividends Paid | TL239.95 Million | -5.59% |
| Share Issuances | TL1.06 Billion | +24.75% |
| Other Changes | TL-452.26K | -0.01% |
| Total Change | TL- | 62.15% |
Book Value vs Market Value Analysis
This analysis compares Bor Seker 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: 0.35x
- 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 6.12x to 0.35x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-09-30 | TL1.03 | TL6.29 | x |
| 2021-09-30 | TL1.63 | TL6.29 | x |
| 2022-09-30 | TL11.03 | TL6.29 | x |
| 2023-09-30 | TL17.88 | TL6.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bor Seker 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): 19.18%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.03%
- • Asset Turnover: 0.80x
- • Equity Multiplier: 1.15x
- Recent ROE (19.18%) is below the historical average (25.89%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 13.81% | 6.59% | 1.11x | 1.89x | TL9.39 Million |
| 2021 | 37.99% | 26.50% | 0.91x | 1.57x | TL109.31 Million |
| 2022 | 32.60% | 26.51% | 0.86x | 1.43x | TL598.01 Million |
| 2023 | 19.18% | 21.03% | 0.80x | 1.15x | TL394.02 Million |
Industry Comparison
This section compares Bor Seker As's net assets metrics with peer companies in the Confectioners industry.
Industry Context
- Industry: Confectioners
- Average net assets among peers: $24,424,329,402,924
- Average return on equity (ROE) among peers: 9.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bor Seker As (BORSK) | TL4.71 Billion | 13.81% | 0.11x | $12.43 Million |
| Kayseri Seker Fabrikasi AS (KAYSE) | $24.05 Billion | 28.13% | 0.50x | $37.35 Million |
| Kent Gida Maddeleri Sanayi ve Ticaret AS (KENT) | $146.51 Trillion | 17.29% | 0.45x | $953.15 Million |
| Kervan Gıda Sanayi Ve Ticaret As (KRVGD) | $5.47 Billion | -1.63% | 1.30x | $20.90 Million |
| Kutahya Seker Fabrikasi AS (KTSKR) | $89.05 Million | 20.85% | 0.81x | $9.23 Million |
| Oylum Sinai Yatirimlar AS (OYLUM) | $12.36 Million | -5.26% | 1.24x | $13.49 Million |
| Ulker Biskuvi Sanayi AS (ULKER) | $7.68 Billion | -4.60% | 3.93x | $613.76 Million |