Borusan Mannesmann Boru Sanayi ve Ticaret AS (BRSAN) - Net Assets
Based on the latest financial reports, Borusan Mannesmann Boru Sanayi ve Ticaret AS (BRSAN) has net assets worth TL36.97 Billion TRY (≈ $828.13 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL73.80 Billion ≈ $1.65 Billion USD) and total liabilities (TL36.82 Billion ≈ $824.76 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 Borusan Mannesmann Boru Sanayi ve Ticare strategic capital allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL36.97 Billion |
| % of Total Assets | 50.1% |
| Annual Growth Rate | -33.42% |
| 5-Year Change | 748.14% |
| 10-Year Change | 2312.66% |
| Growth Volatility | 45.68 |
Borusan Mannesmann Boru Sanayi ve Ticaret AS - Net Assets Trend (2003–2024)
This chart illustrates how Borusan Mannesmann Boru Sanayi ve Ticaret AS's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of Borusan Mannesmann Boru Sanayi ve Ticare.
Annual Net Assets for Borusan Mannesmann Boru Sanayi ve Ticaret AS (2003–2024)
The table below shows the annual net assets of Borusan Mannesmann Boru Sanayi ve Ticaret AS from 2003 to 2024. Also explore BRSAN year-over-year net asset growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 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 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL5.92 Billion | 19.65% |
| Other Components | TL24.18 Billion | 80.35% |
| Total Equity | TL30.10 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 |
|---|---|
|
Shinsegae
KO:004170
|
$2.27 Billion |
|
Insignia Financial Ltd
AU:IFL
|
$2.27 Billion |
|
OneSpaWorld Holdings Ltd
NASDAQ:OSW
|
$2.27 Billion |
|
Petrokent Turizm AS
IS:PKENT
|
$2.27 Billion |
|
LegoChem Biosciences Inc
KQ:141080
|
$2.27 Billion |
|
LEROY SEAFOOD GR.UNSP.ADR
F:Z1L0
|
$2.27 Billion |
|
Changzhou Fusion New Material Co. Ltd. A
SHG:688503
|
$2.27 Billion |
|
Dentsply Sirona Inc
NASDAQ:XRAY
|
$2.27 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 2023 to 2024, total equity changed from 24,948,662,000 to 30,098,413,000, a change of 5,149,751,000 (20.6%).
- Net loss of 226,612,000 reduced equity.
- Other factors increased equity by 5,376,363,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL-226.61 Million | -0.75% |
| Other Changes | TL5.38 Billion | +17.86% |
| Total Change | TL- | 20.64% |
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: 3.37x
- 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 55.46x to 3.37x 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 | TL715.50 | x |
| 2018-12-31 | TL19.54 | TL715.50 | x |
| 2019-12-31 | TL20.36 | TL715.50 | x |
| 2020-12-31 | TL25.03 | TL715.50 | x |
| 2021-12-31 | TL46.91 | TL715.50 | x |
| 2022-12-31 | TL83.65 | TL715.50 | x |
| 2023-12-31 | TL176.00 | TL715.50 | x |
| 2024-12-31 | TL212.33 | TL715.50 | 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): -0.75%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.41%
- • Asset Turnover: 0.99x
- • Equity Multiplier: 1.84x
- Recent ROE (-0.75%) is below the historical average (7.76%), 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 |
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: $307,741,023,874,249
- Average return on equity (ROE) among peers: 7.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Borusan Mannesmann Boru Sanayi ve Ticaret AS (BRSAN) | TL36.97 Billion | 8.64% | 1.00x | $2.27 Billion |
| Ayes Celik Hasir ve Cit Sanayi AS (AYES) | $1.54 Billion | 3.62% | 0.99x | $100.59 Million |
| BMS Celik Hasir Sanayi ve Ticaret AS (BMSCH) | $36.00 Million | 15.04% | 1.02x | $22.49 Million |
| Bms Birlesik Metal Sanayi ve Ticaret AS (BMSTL) | $31.58 Million | -37.34% | 7.33x | $145.27 Million |
| Borusan Yatirim ve Pazarlama AS (BRYAT) | $3.16 Billion | 4.83% | 0.05x | $1.02 Billion |
| Cemtas Celik Makina Sanayi ve Ticaret AS (CEMTS) | $975.49 Million | 41.35% | 0.22x | $97.99 Million |
| Doktas Dokumculuk Ticaret ve Sanayi AS (DOKTA) | $213.48 Million | 39.45% | 8.58x | $161.39 Million |
| Erciyas Celik Boru Sanayi A.S. (ERCB) | $2.99 Billion | 3.09% | 2.27x | $75.46 Million |
| Eregli Demir ve Celik Fabrikalari TAS (EREGL) | $2769.66 Trillion | 0.00% | 0.53x | $5.60 Billion |
| Iskenderun Demir ve Celik AS (ISDMR) | $2.26 Billion | 0.00% | 1.84x | $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, LSAW and ERW line pipes, natural gas pipes, boiler tubes, industrial pipes and profiles, water pipes, construction pipes and profiles, SRM installation pipes, hydraulic cylinder tubes, cold drawn pipes, advanced processed pipes, precision… Read more