Can2 Termik AS
Çan2 Termik A.S. engages in the generation and sell of electricity in Turkey. It operates thermal power plant with an installed capacity of 340 MWm/330 Mwe. The company is involved in renting of coal-based electrical energy production facilities. It also engages in the mining business. The company was founded in 2003 and is headquartered in Istanbul, Turkey. Çan2 Termik A.S. is a subsidiary of Od… Read more
Can2 Termik AS (CANTE) - Net Assets
Latest net assets as of September 2025: TL26.48 Billion TRY
Based on the latest financial reports, Can2 Termik AS (CANTE) has net assets worth TL26.48 Billion TRY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL30.56 Billion) and total liabilities (TL4.08 Billion). 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 | TL26.48 Billion |
| % of Total Assets | 86.64% |
| Annual Growth Rate | 71.85% |
| 5-Year Change | 2744.85% |
| 10-Year Change | N/A |
| Growth Volatility | 113.44 |
Can2 Termik AS - Net Assets Trend (2018–2024)
This chart illustrates how Can2 Termik 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 Can2 Termik AS (2018–2024)
The table below shows the annual net assets of Can2 Termik AS from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL22.54 Billion | +33.97% |
| 2023-12-31 | TL16.83 Billion | +281.66% |
| 2022-12-31 | TL4.41 Billion | +68.57% |
| 2021-12-31 | TL2.62 Billion | +230.07% |
| 2020-12-31 | TL792.46 Million | +5.55% |
| 2019-12-31 | TL750.77 Million | -14.17% |
| 2018-12-31 | TL874.68 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Can2 Termik 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 1240229457600.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL12.40 Billion | 55.17% |
| Other Components | TL10.07 Billion | 44.83% |
| Total Equity | TL22.47 Billion | 100.00% |
Can2 Termik AS Competitors by Market Cap
The table below lists competitors of Can2 Termik AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Solowin Holdings
NASDAQ:AXG
|
$186.11 Million |
|
Meorient
SHE:300795
|
$186.11 Million |
|
Aevis Victoria SA
SW:AEVS
|
$186.11 Million |
|
PTG Energy Public Company Limited
BK:PTG-R
|
$186.17 Million |
|
Kuber Resources Corporation
OTCQB:KUBR
|
$185.92 Million |
|
China Yongda Automobiles Services Holdings Ltd
F:1CY
|
$185.88 Million |
|
Shandong Tengda Fasten Tech
SHE:001379
|
$185.77 Million |
|
ZOTEFOAMS PLC LS-05
F:23Z
|
$185.67 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Can2 Termik AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 16,828,138,452 to 22,474,426,502, a change of 5,646,288,050 (33.6%).
- Net loss of 1,233,028,597 reduced equity.
- Other factors increased equity by 6,879,316,647.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL-1.23 Billion | -5.49% |
| Other Changes | TL6.88 Billion | +30.61% |
| Total Change | TL- | 33.55% |
Book Value vs Market Value Analysis
This analysis compares Can2 Termik 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: 0.49x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | TL2.73 | TL1.57 | x |
| 2019-12-31 | TL2.35 | TL1.57 | x |
| 2020-12-31 | TL2.48 | TL1.57 | x |
| 2021-12-31 | TL8.17 | TL1.57 | x |
| 2022-12-31 | TL13.78 | TL1.57 | x |
| 2023-12-31 | TL17.94 | TL1.57 | x |
| 2024-12-31 | TL3.21 | TL1.57 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Can2 Termik 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): -5.49%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -20.20%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 1.15x
- Recent ROE (-5.49%) is below the historical average (1.96%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -11.16% | -41.70% | 0.09x | 2.85x | TL-185.10 Million |
| 2019 | -19.70% | -19.93% | 0.28x | 3.59x | TL-222.97 Million |
| 2020 | 4.71% | 5.05% | 0.27x | 3.48x | TL-41.89 Million |
| 2021 | -6.92% | -15.17% | 0.21x | 2.12x | TL-442.53 Million |
| 2022 | 48.47% | 36.77% | 0.77x | 1.72x | TL1.70 Billion |
| 2023 | 3.83% | 7.66% | 0.47x | 1.06x | TL-1.04 Billion |
| 2024 | -5.49% | -20.20% | 0.24x | 1.15x | TL-3.48 Billion |
Industry Comparison
This section compares Can2 Termik AS's net assets metrics with peer companies in the Utilities - Independent Power Producers industry.
Industry Context
- Industry: Utilities - Independent Power Producers
- Average net assets among peers: $1,183,842,338
- Average return on equity (ROE) among peers: -14.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Can2 Termik AS (CANTE) | TL26.48 Billion | -11.16% | 0.15x | $185.94 Million |
| Aksa Enerji Uretim AS (AKSEN) | $3.82 Billion | 8.62% | 1.23x | $544.58 Million |
| Dogu Aras Enerji Yatirimlari AS (ARASE) | $441.63 Million | 48.55% | 2.10x | $147.06 Million |
| CATES ELEKTRIK (CATES) | $889.92 Million | -19.10% | 3.33x | $47.62 Million |
| IZDEMIR Enerji Elektrik Uretim A.S. (IZENR) | $404.03 Million | -79.00% | 3.98x | $256.11 Million |
| Turcas Petrol AS (TRCAS) | $364.67 Million | -34.00% | 2.60x | $136.36 Million |