Celebi Hava Servisi AS
Çelebi Hava Servisi A.S. provides ground handling, cargo, and warehouse services to domestic and foreign airlines, and private air cargo companies primarily in Turkey. Its ground handling services include representation, traffic, ramp, cargo, flight operations, aircraft maintenance, and warehouse services. The company was founded in 1958 and is headquartered in Istanbul, Turkey. Çelebi Hava Servi… Read more
Celebi Hava Servisi AS (CLEBI) - Net Assets
Latest net assets as of September 2025: TL8.87 Billion TRY
Based on the latest financial reports, Celebi Hava Servisi AS (CLEBI) has net assets worth TL8.87 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 (TL25.63 Billion) and total liabilities (TL16.76 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 | TL8.87 Billion |
| % of Total Assets | 34.6% |
| Annual Growth Rate | -25.71% |
| 5-Year Change | 1619.89% |
| 10-Year Change | 5219.89% |
| Growth Volatility | 85.92 |
Celebi Hava Servisi AS - Net Assets Trend (2000–2024)
This chart illustrates how Celebi Hava Servisi 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 Celebi Hava Servisi AS (2000–2024)
The table below shows the annual net assets of Celebi Hava Servisi AS from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL7.68 Billion | +47.19% |
| 2023-12-31 | TL5.21 Billion | +60.37% |
| 2022-12-31 | TL3.25 Billion | +94.74% |
| 2021-12-31 | TL1.67 Billion | +274.16% |
| 2020-12-31 | TL446.30 Million | -22.04% |
| 2019-12-31 | TL572.44 Million | +62.12% |
| 2018-12-31 | TL353.09 Million | +109.11% |
| 2017-12-31 | TL168.86 Million | +66.04% |
| 2016-12-31 | TL101.70 Million | -29.52% |
| 2015-12-31 | TL144.29 Million | +35.54% |
| 2014-12-31 | TL106.45 Million | +127.26% |
| 2013-12-31 | TL46.84 Million | -26.90% |
| 2012-12-31 | TL64.07 Million | +26.92% |
| 2011-12-31 | TL50.48 Million | -60.72% |
| 2010-12-31 | TL128.51 Million | +7.00% |
| 2009-12-31 | TL120.10 Million | -7.85% |
| 2008-12-31 | TL130.33 Million | +5.88% |
| 2007-12-31 | TL123.09 Million | +4.96% |
| 2006-12-31 | TL117.28 Million | +15.11% |
| 2005-12-31 | TL101.88 Million | +46.02% |
| 2004-12-31 | TL69.77 Million | +16.57% |
| 2003-12-31 | TL59.85 Million | -14.67% |
| 2002-12-31 | TL70.14 Million | -100.00% |
| 2001-12-31 | TL35.40 Trillion | +268.85% |
| 2000-12-31 | TL9.60 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Celebi Hava Servisi 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 385892894400.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL3.86 Billion | 54.01% |
| Other Components | TL3.29 Billion | 45.99% |
| Total Equity | TL7.14 Billion | 100.00% |
Celebi Hava Servisi AS Competitors by Market Cap
The table below lists competitors of Celebi Hava Servisi AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Parade Technologies Ltd
TWO:4966
|
$1.11 Billion |
|
BORA PHARMACEUTICALS LTD
TW:6472
|
$1.11 Billion |
|
MCC Meili Paper Industry Co Ltd
SHE:000815
|
$1.11 Billion |
|
Indorama Ventures Public Company Limited
F:I93
|
$1.11 Billion |
|
GPS Participações e Empreendimentos S.A
SA:GGPS3
|
$1.11 Billion |
|
Couchbase Inc
NASDAQ:BASE
|
$1.11 Billion |
|
MIPS AB (publ)
OTCGREY:MPZAF
|
$1.11 Billion |
|
ECMPF
PINK:ECMPF
|
$1.11 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Celebi Hava Servisi AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,635,940,926 to 7,144,715,631, a change of 2,508,774,705 (54.1%).
- Net income of 3,566,410,436 contributed positively to equity growth.
- Dividend payments of 1,735,319,394 reduced retained earnings.
- Other comprehensive income decreased equity by 2,624,820,048.
- Other factors increased equity by 3,302,503,711.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL3.57 Billion | +49.92% |
| Dividends Paid | TL1.74 Billion | -24.29% |
| Other Comprehensive Income | TL-2.62 Billion | -36.74% |
| Other Changes | TL3.30 Billion | +46.22% |
| Total Change | TL- | 54.12% |
Book Value vs Market Value Analysis
This analysis compares Celebi Hava Servisi 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: 6.08x
- 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 412.95x to 6.08x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | TL4.33 | TL1788.00 | x |
| 2003-12-31 | TL36.95 | TL1788.00 | x |
| 2004-12-31 | TL2.87 | TL1788.00 | x |
| 2005-12-31 | TL0.04 | TL1788.00 | x |
| 2006-12-31 | TL4.63 | TL1788.00 | x |
| 2007-12-31 | TL4.94 | TL1788.00 | x |
| 2008-12-31 | TL5.36 | TL1788.00 | x |
| 2009-12-31 | TL4.93 | TL1788.00 | x |
| 2010-12-31 | TL4.61 | TL1788.00 | x |
| 2011-12-31 | TL0.02 | TL1788.00 | x |
| 2012-12-31 | TL2.30 | TL1788.00 | x |
| 2013-12-31 | TL1.67 | TL1788.00 | x |
| 2014-12-31 | TL3.93 | TL1788.00 | x |
| 2015-12-31 | TL5.47 | TL1788.00 | x |
| 2016-12-31 | TL3.60 | TL1788.00 | x |
| 2017-12-31 | TL6.54 | TL1788.00 | x |
| 2018-12-31 | TL13.84 | TL1788.00 | x |
| 2019-12-31 | TL20.99 | TL1788.00 | x |
| 2020-12-31 | TL14.68 | TL1788.00 | x |
| 2021-12-31 | TL55.72 | TL1788.00 | x |
| 2022-12-31 | TL114.92 | TL1788.00 | x |
| 2023-12-31 | TL190.78 | TL1788.00 | x |
| 2024-12-31 | TL294.02 | TL1788.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Celebi Hava Servisi 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): 49.92%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.60%
- • Asset Turnover: 0.98x
- • Equity Multiplier: 2.74x
- Recent ROE (49.92%) is above the historical average (31.85%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 38.41% | 6.92% | 3.28x | 1.69x | TL2.73 Trillion |
| 2001 | 75.79% | 21.54% | 2.20x | 1.60x | TL23.29 Trillion |
| 2002 | 37.27% | 18.60% | 1.48x | 1.35x | TL19.13 Million |
| 2003 | 19.12% | 11.24% | 1.29x | 1.32x | TL5.46 Million |
| 2004 | 0.19% | 0.11% | 0.79x | 2.17x | TL-6.85 Million |
| 2005 | 30.60% | 14.49% | 0.94x | 2.24x | TL20.97 Million |
| 2006 | 19.72% | 9.58% | 0.78x | 2.65x | TL10.94 Million |
| 2007 | 21.80% | 9.46% | 1.10x | 2.09x | TL14.15 Million |
| 2008 | 22.86% | 9.86% | 1.13x | 2.06x | TL16.74 Million |
| 2009 | 23.19% | 8.93% | 0.95x | 2.73x | TL15.80 Million |
| 2010 | 23.76% | 7.67% | 0.97x | 3.21x | TL15.42 Million |
| 2011 | 19.35% | 1.61% | 0.88x | 13.63x | TL3.68 Million |
| 2012 | 37.70% | 3.93% | 1.11x | 8.67x | TL15.51 Million |
| 2013 | 7.54% | 0.60% | 0.99x | 12.72x | TL-997.14K |
| 2014 | 57.13% | 8.78% | 1.08x | 6.00x | TL45.02 Million |
| 2015 | 62.48% | 11.34% | 1.08x | 5.10x | TL69.76 Million |
| 2016 | 30.67% | 3.78% | 1.03x | 7.88x | TL18.09 Million |
| 2017 | 53.73% | 9.30% | 1.10x | 5.26x | TL69.47 Million |
| 2018 | 60.84% | 15.33% | 0.88x | 4.53x | TL170.96 Million |
| 2019 | 37.70% | 10.24% | 0.85x | 4.35x | TL141.34 Million |
| 2020 | -47.44% | -10.97% | 0.56x | 7.75x | TL-204.84 Million |
| 2021 | 39.40% | 20.84% | 0.47x | 4.04x | TL398.06 Million |
| 2022 | 38.67% | 17.79% | 0.75x | 2.88x | TL800.71 Million |
| 2023 | 35.97% | 15.35% | 0.71x | 3.29x | TL1.20 Billion |
| 2024 | 49.92% | 18.60% | 0.98x | 2.74x | TL2.85 Billion |
Industry Comparison
This section compares Celebi Hava Servisi AS's net assets metrics with peer companies in the Airports & Air Services industry.
Industry Context
- Industry: Airports & Air Services
- Average net assets among peers: $254,370,000
- Average return on equity (ROE) among peers: 11.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Celebi Hava Servisi AS (CLEBI) | TL8.87 Billion | 38.41% | 1.89x | $1.11 Billion |
| DO & CO AG (DOCO) | $254.37 Million | 11.11% | 1.47x | $1.99 Billion |