Baticim Bati Anadolu Cimento Sanayi AS (BTCIM) - Net Assets
Based on the latest financial reports, Baticim Bati Anadolu Cimento Sanayi AS (BTCIM) has net assets worth TL26.77 Billion TRY (≈ $599.63 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL38.46 Billion ≈ $861.47 Million USD) and total liabilities (TL11.69 Billion ≈ $261.84 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 BTCIM capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL26.77 Billion |
| % of Total Assets | 69.61% |
| Annual Growth Rate | 21.79% |
| 5-Year Change | 2221.44% |
| 10-Year Change | 4006.75% |
| Growth Volatility | 222.47 |
Baticim Bati Anadolu Cimento Sanayi AS - Net Assets Trend (2003–2025)
This chart illustrates how Baticim Bati Anadolu Cimento Sanayi AS's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is Baticim Bati Anadolu Cimento Sanayi AS worth.
Annual Net Assets for Baticim Bati Anadolu Cimento Sanayi AS (2003–2025)
The table below shows the annual net assets of Baticim Bati Anadolu Cimento Sanayi AS from 2003 to 2025. Also explore BTCIM shareholders equity momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | TL24.77 Billion ≈ $554.89 Million |
-1.28% |
| 2024-12-31 | TL25.10 Billion ≈ $562.09 Million |
+41.73% |
| 2023-12-31 | TL17.71 Billion ≈ $396.59 Million |
+1034.93% |
| 2022-12-31 | TL1.56 Billion ≈ $34.94 Million |
+46.19% |
| 2021-12-31 | TL1.07 Billion ≈ $23.90 Million |
+219.09% |
| 2020-12-31 | TL334.45 Million ≈ $7.49 Million |
-55.55% |
| 2019-12-31 | TL752.36 Million ≈ $16.85 Million |
-23.86% |
| 2018-12-31 | TL988.06 Million ≈ $22.13 Million |
+0.27% |
| 2017-12-31 | TL985.38 Million ≈ $22.07 Million |
+63.34% |
| 2016-12-31 | TL603.26 Million ≈ $13.51 Million |
-2.07% |
| 2015-12-31 | TL616.04 Million ≈ $13.80 Million |
+8.40% |
| 2014-12-31 | TL568.32 Million ≈ $12.73 Million |
+14.82% |
| 2013-12-31 | TL494.95 Million ≈ $11.09 Million |
+8.38% |
| 2012-12-31 | TL456.70 Million ≈ $10.23 Million |
+3.02% |
| 2011-12-31 | TL443.30 Million ≈ $9.93 Million |
+4.29% |
| 2010-12-31 | TL425.08 Million ≈ $9.52 Million |
+3.26% |
| 2009-12-31 | TL411.65 Million ≈ $9.22 Million |
+1.94% |
| 2008-12-31 | TL403.81 Million ≈ $9.04 Million |
-2.91% |
| 2006-12-31 | TL415.92 Million ≈ $9.32 Million |
+20.07% |
| 2005-12-31 | TL346.41 Million ≈ $7.76 Million |
+3.71% |
| 2004-12-31 | TL334.01 Million ≈ $7.48 Million |
+3.11% |
| 2003-12-31 | TL323.94 Million ≈ $7.26 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Baticim Bati Anadolu Cimento Sanayi 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 22112.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL8.68 Billion | 39.69% |
| Other Components | TL13.18 Billion | 60.31% |
| Total Equity | TL21.86 Billion | 100.00% |
Baticim Bati Anadolu Cimento Sanayi AS Competitors by Market Cap
The table below lists competitors of Baticim Bati Anadolu Cimento Sanayi AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Relais Group Oyj
HE:RELAIS
|
$294.97 Million |
|
China Tian Lun Gas Holdings Limited
F:TLJ
|
$294.99 Million |
|
Siddhi Acquisition Corp Class A Common stock
NASDAQ:SDHI
|
$295.03 Million |
|
China Metal Products Co Ltd
TW:1532
|
$295.08 Million |
|
Sto SE & Co. KGaA
F:STO3
|
$294.94 Million |
|
Blue Ridge Bankshares Inc
NYSE MKT:BRBS
|
$294.91 Million |
|
Vimta Labs Limited
NSE:VIMTALABS
|
$294.87 Million |
|
Propel Funeral Partners Ltd
AU:PFP
|
$294.83 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Baticim Bati Anadolu Cimento Sanayi AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 22,123,838,000 to 21,862,295,000, a change of -261,543,000 (-1.2%).
- Net loss of 228,757,000 reduced equity.
- Dividend payments of 36,067,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL-228.76 Million | -1.05% |
| Dividends Paid | TL36.07 Million | -0.16% |
| Other Changes | TL3.28 Million | +0.02% |
| Total Change | TL- | -1.18% |
Book Value vs Market Value Analysis
This analysis compares Baticim Bati Anadolu Cimento Sanayi 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: 0.60x
- 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 increased from 0.49x to 0.60x 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 | TL4.85 | TL2.36 | x |
| 2018-12-31 | TL4.77 | TL2.36 | x |
| 2019-12-31 | TL3.75 | TL2.36 | x |
| 2020-12-31 | TL1.92 | TL2.36 | x |
| 2021-12-31 | TL6.00 | TL2.36 | x |
| 2022-12-31 | TL9.25 | TL2.36 | x |
| 2023-12-31 | TL2.86 | TL2.36 | x |
| 2024-12-31 | TL3.96 | TL2.36 | x |
| 2025-12-31 | TL3.92 | TL2.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Baticim Bati Anadolu Cimento Sanayi 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): -1.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.60%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.63x
- Recent ROE (-1.05%) is above the historical average (-8.75%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 4.01% | 4.65% | 0.62x | 1.40x | TL-22.51 Million |
| 2011 | 6.45% | 7.14% | 0.54x | 1.66x | TL-14.04 Million |
| 2012 | 4.27% | 4.61% | 0.54x | 1.71x | TL-23.36 Million |
| 2013 | 9.03% | 8.06% | 0.58x | 1.92x | TL-4.28 Million |
| 2014 | 15.36% | 13.51% | 0.63x | 1.80x | TL27.12 Million |
| 2015 | 11.59% | 10.65% | 0.53x | 2.04x | TL8.77 Million |
| 2016 | 1.34% | 1.24% | 0.39x | 2.75x | TL-47.09 Million |
| 2017 | -1.35% | -1.72% | 0.31x | 2.56x | TL-99.06 Million |
| 2018 | -1.58% | -1.38% | 0.41x | 2.80x | TL-99.49 Million |
| 2019 | -26.98% | -23.21% | 0.32x | 3.60x | TL-249.29 Million |
| 2020 | -94.81% | -28.18% | 0.46x | 7.36x | TL-361.50 Million |
| 2021 | -56.09% | -31.25% | 0.44x | 4.09x | TL-712.16 Million |
| 2022 | -26.94% | -7.48% | 0.89x | 4.06x | TL-613.95 Million |
| 2023 | 16.59% | 15.95% | 0.57x | 1.81x | TL1.05 Billion |
| 2024 | 0.13% | 0.16% | 0.48x | 1.65x | TL-2.18 Billion |
| 2025 | -1.05% | -1.60% | 0.40x | 1.63x | TL-2.41 Billion |
Industry Comparison
This section compares Baticim Bati Anadolu Cimento Sanayi AS's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $1,207,839,124
- Average return on equity (ROE) among peers: 14.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Baticim Bati Anadolu Cimento Sanayi AS (BTCIM) | TL26.77 Billion | 4.01% | 0.44x | $294.95 Million |
| Afyon Cimento Sanayi TAS (AFYON) | $232.71 Million | 1.69% | 1.84x | $102.13 Million |
| Akcansa Cimento Sanayi ve Ticaret AS (AKCNS) | $749.71 Million | 15.15% | 0.14x | $814.70 Million |
| Bastas Baskent Cimento Sanayi ve Ticaret AS (BASCM) | $444.73 Million | 12.06% | 0.30x | $162.75 Million |
| Bogazici Beton Sanayi ve Ticaret AS (BOBET) | $1.64 Billion | 28.86% | 0.54x | $146.39 Million |
| Batisoke Soke Cimento Sanayi TAS (BSOKE) | $185.81 Million | 0.00% | 0.09x | $415.70 Million |
| Bursa Cimento Fabrikasi AS (BUCIM) | $325.66 Million | 13.93% | 0.35x | $175.04 Million |
| Cimsa Cimento Sanayi ve Ticaret AS (CIMSA) | $6.11 Billion | 56.18% | 0.90x | $908.99 Million |
| Cimbeton Hazirbeton ve Prefabrik Yapi Elemanlari Sanayi ve Ticaret AS (CMBTN) | $38.64 Million | 2.09% | 2.00x | $55.90 Million |
| Cimentas Izmir Cimento Fabrikasi TAS (CMENT) | $1.14 Billion | -3.08% | 0.56x | $430.56 Million |
About Baticim Bati Anadolu Cimento Sanayi AS
Batiçim Bati Anadolu Çimento Sanayii Anonim Sirketi operates in the cement industry in Turkey and internationally. It operates through Products based on Stone and Soil; Ready-mixed Concrete; Port Services; and Electricity Production segments. The company offers cement clinkers and potassium silicate cements; sulphate resistant, compound, and pozzolanic cements; and aggregate and cement bypass dus… Read more