Birlik Mensucat Ticaret ve Sanayi Isletmesi AS
Birlik Mensucat Ticaret ve Sanayi Isletmesi A.S. engages in the manufacture and sale of cotton yarns in Turkey. The company offers cotton terry towels, bathrobes, home textile products, curtains, mattresses, and bed bases under the SOLEY brand. It also provides gabardine and poplin fabrics. The company was founded in 1953 and is based in Kayseri, Turkey.
Birlik Mensucat Ticaret ve Sanayi Isletmesi AS (BRMEN) - Net Assets
Latest net assets as of June 2025: TL-110.06K TRY
Based on the latest financial reports, Birlik Mensucat Ticaret ve Sanayi Isletmesi AS (BRMEN) has net assets worth TL-110.06K TRY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL85.89 Million) and total liabilities (TL86.00 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 | TL-110.06K |
| % of Total Assets | -0.13% |
| Annual Growth Rate | -5.89% |
| 5-Year Change | N/A |
| 10-Year Change | -62.17% |
| Growth Volatility | 53.58 |
Birlik Mensucat Ticaret ve Sanayi Isletmesi AS - Net Assets Trend (2004–2024)
This chart illustrates how Birlik Mensucat Ticaret ve Sanayi Isletmesi 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 Birlik Mensucat Ticaret ve Sanayi Isletmesi AS (2004–2024)
The table below shows the annual net assets of Birlik Mensucat Ticaret ve Sanayi Isletmesi AS from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL16.09 Million | -51.10% |
| 2023-12-31 | TL32.90 Million | +1185.93% |
| 2022-12-31 | TL-3.03 Million | +77.73% |
| 2021-12-31 | TL-13.60 Million | -29.31% |
| 2020-12-31 | TL-10.52 Million | -143.19% |
| 2019-12-31 | TL24.36 Million | -29.62% |
| 2018-12-31 | TL34.61 Million | +1.30% |
| 2017-12-31 | TL34.16 Million | -1.45% |
| 2016-12-31 | TL34.67 Million | -18.49% |
| 2015-12-31 | TL42.53 Million | +133.66% |
| 2014-12-31 | TL18.20 Million | -10.70% |
| 2013-12-31 | TL20.38 Million | +42.02% |
| 2012-12-31 | TL14.35 Million | -22.10% |
| 2011-12-31 | TL18.42 Million | -40.62% |
| 2010-12-31 | TL31.02 Million | -36.72% |
| 2009-12-31 | TL49.02 Million | +39.55% |
| 2008-12-31 | TL35.13 Million | -36.77% |
| 2007-12-31 | TL55.55 Million | +1.12% |
| 2006-12-31 | TL54.94 Million | +5.75% |
| 2005-12-31 | TL51.95 Million | -4.04% |
| 2004-12-31 | TL54.14 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Birlik Mensucat Ticaret ve Sanayi Isletmesi 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 16694.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | TL915.16 Million | 5691.06% |
| Total Equity | TL16.08 Million | 100.00% |
Birlik Mensucat Ticaret ve Sanayi Isletmesi AS Competitors by Market Cap
The table below lists competitors of Birlik Mensucat Ticaret ve Sanayi Isletmesi AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Australian Dairy Nutritionals Ltd
AU:AHF
|
$7.62 Million |
|
S.M.A.I.O S.A.
F:G3O
|
$7.62 Million |
|
Lotus Technology Inc. Warrants
NASDAQ:LOTWW
|
$7.62 Million |
|
Desenio Group AB
ST:DSNO
|
$7.63 Million |
|
Fantagio Corp
KQ:032800
|
$7.62 Million |
|
Pryme BV
OL:PRYME
|
$7.62 Million |
|
NWTN Inc. Warrant
NASDAQ:NWTNW
|
$7.62 Million |
|
PPAP Automotive Limited
NSE:PPAP
|
$7.61 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Birlik Mensucat Ticaret ve Sanayi Isletmesi AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 32,889,353 to 16,080,704, a change of -16,808,649 (-51.1%).
- Net loss of 15,093,503 reduced equity.
- Other factors decreased equity by 1,715,146.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL-15.09 Million | -93.86% |
| Other Changes | TL-1.72 Million | -10.67% |
| Total Change | TL- | -51.11% |
Book Value vs Market Value Analysis
This analysis compares Birlik Mensucat Ticaret ve Sanayi Isletmesi 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: 25.53x
- 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 increased from 4.43x to 25.53x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | TL2.08 | TL9.20 | x |
| 2018-12-31 | TL2.11 | TL9.20 | x |
| 2019-12-31 | TL1.48 | TL9.20 | x |
| 2020-12-31 | TL-0.64 | TL9.20 | x |
| 2021-12-31 | TL-0.83 | TL9.20 | x |
| 2022-12-31 | TL-0.09 | TL9.20 | x |
| 2023-12-31 | TL0.74 | TL9.20 | x |
| 2024-12-31 | TL0.36 | TL9.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Birlik Mensucat Ticaret ve Sanayi Isletmesi 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): -93.86%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -11.69%
- • Asset Turnover: 1.47x
- • Equity Multiplier: 5.44x
- Recent ROE (-93.86%) is below the historical average (-17.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 10.80% | 3.92% | 1.15x | 2.40x | TL400.00K |
| 2007 | 2.25% | 0.89% | 0.75x | 3.38x | TL-3.95 Million |
| 2014 | -12.06% | -17.92% | 0.33x | 2.06x | TL-4.01 Million |
| 2015 | -15.43% | -55.16% | 0.15x | 1.83x | TL-10.81 Million |
| 2016 | -22.17% | -50.31% | 0.21x | 2.13x | TL-11.15 Million |
| 2017 | -13.00% | -32.02% | 0.18x | 2.22x | TL-7.86 Million |
| 2018 | -25.17% | -254.87% | 0.03x | 3.08x | TL-12.17 Million |
| 2019 | -43.79% | -325.53% | 0.04x | 3.38x | TL-13.10 Million |
| 2020 | 0.00% | -362.49% | 0.57x | 0.00x | TL-9.82 Million |
| 2021 | 0.00% | -100.27% | 0.52x | 0.00x | TL-1.77 Million |
| 2022 | 0.00% | -221.56% | 0.17x | 0.00x | TL-3.80 Million |
| 2023 | -17.35% | -12.04% | 0.55x | 2.62x | TL-8.99 Million |
| 2024 | -93.86% | -11.69% | 1.47x | 5.44x | TL-16.70 Million |
Industry Comparison
This section compares Birlik Mensucat Ticaret ve Sanayi Isletmesi AS's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $795,114,016
- Average return on equity (ROE) among peers: 15.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Birlik Mensucat Ticaret ve Sanayi Isletmesi AS (BRMEN) | TL-110.06K | 10.80% | N/A | $7.62 Million |
| Aksa Akrilik Kimya Sanayi AS (AKSA) | $5.74 Billion | 59.61% | 0.99x | $1.12 Billion |
| Artemis Hali As (ARTMS) | $272.08 Million | 26.83% | 1.43x | $12.92 Million |
| Akin Tekstil AS (ATEKS) | $190.49 Million | 0.00% | 0.27x | $10.13 Million |
| Bilici Yatirim Sanayi ve Ticaret AS (BLCYT) | $16.16 Million | 0.00% | 0.30x | $38.50 Million |
| Bossa Ticaret ve Sanayi Isletmeleri TAS (BOSSA) | $678.16 Million | 48.24% | 1.72x | $18.55 Million |
| Birko Birlesik Koyunlulular Mensucat Ticaret ve Sanayi AS (BRKO) | $59.69 Million | 0.00% | 1.13x | $48.61 Million |
| Diriteks Dirilis Tekstil Sanayi ve Ticaret AS (DIRIT) | $15.05 Million | 0.24% | 0.51x | $7.36 Million |
| Ensari Deri Gida Sanayi ve Ticaret AS (ENSRI) | $55.50 Million | 3.13% | 1.78x | $204.53 Million |
| Hateks Hatay Tekstil Isletmeleri AS (HATEK) | $128.56 Million | 0.26% | 0.32x | $17.36 Million |