Borusan Mannesmann Boru Sanayi ve Ticaret AS Net Assets
Borusan Mannesmann Boru Sanayi ve Ticaret AS net assets. Based on the latest financial reports, Borusan Mannesmann Boru Sanayi ve Ticaret AS (BRSAN) has net assets worth TL43.40 Billion TRY (≈ $972.10 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL97.62 Billion ≈ $2.19 Billion USD) and total liabilities (TL54.21 Billion ≈ $1.21 Billion 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. See net asset quality index of Borusan Mannesmann Boru Sanayi ve Ticare to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL43.40 Billion |
| % of Total Assets | 44.46% |
| Annual Growth Rate | -31.47% |
| 5-Year Change | 467.27% |
| 10-Year Change | 2254.37% |
| Growth Volatility | 44.63 |
Net Assets of Borusan Mannesmann Boru Sanayi ve Ticaret AS (2003–2025)
Net assets of Borusan Mannesmann Boru Sanayi ve Ticaret AS from 2003 to 2025. This chart illustrates how Borusan Mannesmann Boru Sanayi ve Ticaret AS's net assets have evolved over time, based on quarterly financial data. Also explore BRSAN net asset momentum to track the company's year-over-year net asset growth rate.
Annual Net Assets for Borusan Mannesmann Boru Sanayi ve Ticaret AS (2003–2025)
The table below shows the annual net assets of Borusan Mannesmann Boru Sanayi ve Ticaret AS from 2003 to 2025. For live market cap and overall valuation, see BRSAN market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | TL37.73 Billion ≈ $845.16 Million |
+25.36% |
| 2024-12-31 | TL30.10 Billion ≈ $674.21 Million |
+20.64% |
| 2023-12-31 | TL24.95 Billion ≈ $558.88 Million |
+110.40% |
| 2022-12-31 | TL11.86 Billion ≈ $265.62 Million |
+78.29% |
| 2021-12-31 | TL6.65 Billion ≈ $148.99 Million |
+87.42% |
| 2020-12-31 | TL3.55 Billion ≈ $79.49 Million |
+22.91% |
| 2019-12-31 | TL2.89 Billion ≈ $64.67 Million |
+4.18% |
| 2018-12-31 | TL2.77 Billion ≈ $62.08 Million |
+51.43% |
| 2017-12-31 | TL1.83 Billion ≈ $40.99 Million |
+14.20% |
| 2016-12-31 | TL1.60 Billion ≈ $35.90 Million |
+28.46% |
| 2015-12-31 | TL1.25 Billion ≈ $27.94 Million |
+24.97% |
| 2014-12-31 | TL998.35 Million ≈ $22.36 Million |
+38.44% |
| 2013-12-31 | TL721.16 Million ≈ $16.15 Million |
+16.52% |
| 2012-12-31 | TL618.94 Million ≈ $13.86 Million |
-5.86% |
| 2011-12-31 | TL657.48 Million ≈ $14.73 Million |
+107.58% |
| 2010-12-31 | TL316.73 Million ≈ $7.09 Million |
-4.02% |
| 2009-12-31 | TL329.99 Million ≈ $7.39 Million |
+46.79% |
| 2008-12-31 | TL224.80 Million ≈ $5.04 Million |
+13.47% |
| 2007-12-31 | TL198.12 Million ≈ $4.44 Million |
+7.19% |
| 2006-12-31 | TL184.82 Million ≈ $4.14 Million |
+9.11% |
| 2005-12-31 | TL169.39 Million ≈ $3.79 Million |
-28.48% |
| 2004-12-31 | TL236.83 Million ≈ $5.30 Million |
-100.00% |
| 2003-12-31 | TL154.24 Trillion ≈ $3.45 Trillion |
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Equity Component Analysis
This analysis shows how different components contribute to Borusan Mannesmann Boru Sanayi ve Ticaret 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 99.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Borusan Mannesmann Boru Sanayi ve Ticaret AS Net Assets Breakdown (December 2025)
Borusan Mannesmann Boru Sanayi ve Ticaret AS net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL7.19 Billion | 19.05% |
| Other Components | TL30.54 Billion | 80.95% |
| Total Equity | TL37.73 Billion | 100.00% |
Borusan Mannesmann Boru Sanayi ve Ticaret AS Competitors by Market Cap
The table below lists competitors of Borusan Mannesmann Boru Sanayi ve Ticaret AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Weixing Industrial Development Co Ltd
SHE:002003
|
$2.02 Billion |
|
Kojamo
HE:KOJAMO
|
$2.02 Billion |
|
Ningbo Zhenyu Technology Co. Ltd.
SHE:300953
|
$2.02 Billion |
|
Triumph Group Inc
NYSE:TGI
|
$2.02 Billion |
|
Sichuan Expressway Co Ltd
SHG:601107
|
$2.02 Billion |
|
LuxNet
TWO:4979
|
$2.02 Billion |
|
Zibo Qixiang Tengda Chemical Co Ltd
SHE:002408
|
$2.02 Billion |
|
Proto Labs Inc
NYSE:PRLB
|
$2.02 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Borusan Mannesmann Boru Sanayi ve Ticaret AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 30,098,413,000 to 37,734,876,000, a change of 7,636,463,000 (25.4%).
- Net income of 1,271,661,000 contributed positively to equity growth.
- Other factors increased equity by 6,364,802,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL1.27 Billion | +3.37% |
| Other Changes | TL6.36 Billion | +16.87% |
| Total Change | TL- | 25.37% |
Book Value vs Market Value Analysis
This analysis compares Borusan Mannesmann Boru Sanayi ve Ticaret 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: 2.39x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 49.30x to 2.39x 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 | TL12.90 | TL636.00 | x |
| 2018-12-31 | TL19.54 | TL636.00 | x |
| 2019-12-31 | TL20.36 | TL636.00 | x |
| 2020-12-31 | TL25.03 | TL636.00 | x |
| 2021-12-31 | TL46.91 | TL636.00 | x |
| 2022-12-31 | TL83.65 | TL636.00 | x |
| 2023-12-31 | TL176.00 | TL636.00 | x |
| 2024-12-31 | TL212.33 | TL636.00 | x |
| 2025-12-31 | TL266.17 | TL636.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Borusan Mannesmann Boru Sanayi ve Ticaret 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): 3.37%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.78%
- • Asset Turnover: 0.94x
- • Equity Multiplier: 2.02x
- Recent ROE (3.37%) is below the historical average (7.55%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 8.64% | 4.11% | 1.23x | 1.71x | TL-2.09 Trillion |
| 2004 | 18.04% | 8.59% | 1.29x | 1.62x | TL19.03 Million |
| 2005 | 8.47% | 3.32% | 1.49x | 1.71x | TL-2.59 Million |
| 2006 | 12.70% | 4.47% | 1.43x | 1.98x | TL4.98 Million |
| 2007 | 18.85% | 5.56% | 1.32x | 2.56x | TL17.52 Million |
| 2009 | 4.42% | 2.90% | 0.81x | 1.87x | TL-18.42 Million |
| 2011 | 8.14% | 4.02% | 0.91x | 2.23x | TL-12.24 Million |
| 2012 | 6.39% | 2.77% | 0.98x | 2.36x | TL-22.34 Million |
| 2013 | 5.10% | 3.07% | 0.60x | 2.78x | TL-35.29 Million |
| 2014 | 2.52% | 1.53% | 0.61x | 2.69x | TL-74.66 Million |
| 2015 | 1.53% | 0.98% | 0.62x | 2.53x | TL-105.53 Million |
| 2016 | 6.37% | 5.19% | 0.55x | 2.21x | TL-58.05 Million |
| 2017 | 13.32% | 8.57% | 0.68x | 2.28x | TL60.69 Million |
| 2018 | 10.23% | 5.80% | 0.72x | 2.46x | TL6.23 Million |
| 2019 | 2.29% | 1.44% | 0.66x | 2.40x | TL-222.55 Million |
| 2020 | -0.30% | -0.28% | 0.46x | 2.27x | TL-365.32 Million |
| 2021 | 1.42% | 1.29% | 0.44x | 2.48x | TL-570.69 Million |
| 2022 | 11.38% | 6.08% | 0.80x | 2.33x | TL164.05 Million |
| 2023 | 16.44% | 9.73% | 0.75x | 2.24x | TL1.61 Billion |
| 2024 | -0.75% | -0.41% | 0.99x | 1.84x | TL-3.24 Billion |
| 2025 | 3.37% | 1.78% | 0.94x | 2.02x | TL-2.50 Billion |
Industry Comparison
This section compares Borusan Mannesmann Boru Sanayi ve Ticaret AS's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $5,843,411,837
- Average return on equity (ROE) among peers: 10.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Borusan Mannesmann Boru Sanayi ve Ticaret AS (BRSAN) | TL43.40 Billion | 8.64% | 1.25x | $2.02 Billion |
| Ayes Celik Hasir ve Cit Sanayi AS (AYES) | $29.28 Million | 3.57% | 0.58x | $20.16 Million |
| BMS Celik Hasir Sanayi ve Ticaret AS (BMSCH) | $179.50 Million | 13.48% | 0.31x | $18.37 Million |
| Bms Birlesik Metal Sanayi ve Ticaret AS (BMSTL) | $42.16 Million | 6.97% | 6.24x | $120.07 Million |
| Borusan Yatirim ve Pazarlama AS (BRYAT) | $2.24 Billion | 3.02% | 0.05x | $760.46 Million |
| Cemtas Celik Makina Sanayi ve Ticaret AS (CEMTS) | $130.05 Million | 0.00% | 0.21x | $75.37 Million |
| Doktas Dokumculuk Ticaret ve Sanayi AS (DOKTA) | $946.38 Million | 36.76% | 3.47x | $99.20 Million |
| Erciyas Celik Boru Sanayi A.S. (ERCB) | $1.16 Billion | 2.13% | 1.74x | $58.84 Million |
| Eregli Demir ve Celik Fabrikalari TAS (EREGL) | $8.71 Billion | 10.57% | 0.61x | $5.28 Billion |
| Iskenderun Demir ve Celik AS (ISDMR) | $39.16 Billion | 16.52% | 0.42x | $3.59 Billion |
About Borusan Mannesmann Boru Sanayi ve Ticaret AS
Borusan Birlesik Boru Fabrikalari Sanayi ve Ticaret A.S. manufactures, produces, and sells steel pipes in Turkey. It offers spiral (helical) welded pipes, HSAW, SAWL and ERW line pipes, natural gas pipes, fire installation, special shaped, boiler tubes, industrial pipes and profiles, water pipes, construction pipes and profiles, SRM installation pipes, hydraulic cylinder tubes, cold drawn pipes, … Read more