Creditwest Faktoring AS
Creditwest Faktoring Anonim Sirketi provides factoring services for domestic and international transactions. The company was formerly known as Creditwest Faktoring Hizmetleri A.S. and changed its name to Creditwest Faktoring Anonim Sirketi in July 2012. Creditwest Faktoring Anonim Sirket was founded in 1994 and is headquartered in Istanbul, Turkey.
Creditwest Faktoring AS (CRDFA) - Net Assets
Latest net assets as of March 2025: TL595.47 Million TRY
Based on the latest financial reports, Creditwest Faktoring AS (CRDFA) has net assets worth TL595.47 Million TRY as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL1.97 Billion) and total liabilities (TL1.37 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 | TL595.47 Million |
| % of Total Assets | 30.23% |
| Annual Growth Rate | 17.14% |
| 5-Year Change | 199.59% |
| 10-Year Change | 243.39% |
| Growth Volatility | 15.55 |
Creditwest Faktoring AS - Net Assets Trend (2003–2024)
This chart illustrates how Creditwest Faktoring 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 Creditwest Faktoring AS (2003–2024)
The table below shows the annual net assets of Creditwest Faktoring AS from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL508.18 Million | +35.08% |
| 2023-12-31 | TL376.20 Million | +44.52% |
| 2022-12-31 | TL260.30 Million | +14.67% |
| 2021-12-31 | TL226.99 Million | +33.82% |
| 2020-12-31 | TL169.63 Million | +10.04% |
| 2019-12-31 | TL154.15 Million | +17.67% |
| 2018-12-31 | TL131.00 Million | -13.04% |
| 2017-12-31 | TL150.64 Million | +0.46% |
| 2016-12-31 | TL149.95 Million | +1.32% |
| 2015-12-31 | TL147.99 Million | -1.60% |
| 2014-12-31 | TL150.39 Million | -5.45% |
| 2013-12-31 | TL159.06 Million | +12.91% |
| 2012-12-31 | TL140.87 Million | +19.58% |
| 2011-12-31 | TL117.81 Million | +26.80% |
| 2010-12-31 | TL92.91 Million | +38.84% |
| 2009-12-31 | TL66.92 Million | +27.58% |
| 2008-12-31 | TL52.45 Million | +17.92% |
| 2007-12-31 | TL44.48 Million | +19.35% |
| 2006-12-31 | TL37.27 Million | +36.06% |
| 2005-12-31 | TL27.39 Million | +34.45% |
| 2004-12-31 | TL20.37 Million | +11.21% |
| 2003-12-31 | TL18.32 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Creditwest Faktoring 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 11944034300.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL119.44 Million | 23.50% |
| Other Components | TL388.74 Million | 76.50% |
| Total Equity | TL508.18 Million | 100.00% |
Creditwest Faktoring AS Competitors by Market Cap
The table below lists competitors of Creditwest Faktoring AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
O3 Mining Inc
OTCQX:OIIIF
|
$64.22 Million |
|
Cheil Electric Wiring Devices Co. Ltd.
KQ:199820
|
$64.23 Million |
|
Agabang&Company
KQ:013990
|
$64.24 Million |
|
Asetek A/S
F:A31
|
$64.26 Million |
|
Hazer Group Limited
PINK:HZRGF
|
$64.17 Million |
|
ViGenCell Inc.
KQ:308080
|
$64.13 Million |
|
Pyrum Innovations AG
OL:PYRUM
|
$64.13 Million |
|
Pulmonx Corp
NASDAQ:LUNG
|
$64.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Creditwest Faktoring AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 376,201,950 to 508,180,143, a change of 131,978,193 (35.1%).
- Net income of 119,380,370 contributed positively to equity growth.
- Other factors increased equity by 12,597,823.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL119.38 Million | +23.49% |
| Other Changes | TL12.60 Million | +2.48% |
| Total Change | TL- | 35.08% |
Book Value vs Market Value Analysis
This analysis compares Creditwest Faktoring 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: 14.86x
- 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 40.10x to 14.86x 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 | TL1.88 | TL75.50 | x |
| 2018-12-31 | TL1.64 | TL75.50 | x |
| 2019-12-31 | TL1.93 | TL75.50 | x |
| 2020-12-31 | TL2.12 | TL75.50 | x |
| 2021-12-31 | TL2.84 | TL75.50 | x |
| 2022-12-31 | TL2.60 | TL75.50 | x |
| 2023-12-31 | TL3.76 | TL75.50 | x |
| 2024-12-31 | TL5.08 | TL75.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Creditwest Faktoring 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): 23.49%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.73%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 2.86x
- Recent ROE (23.49%) is above the historical average (19.47%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 10.08% | 20.67% | 0.22x | 2.20x | TL15.60K |
| 2005 | 25.62% | 37.06% | 0.27x | 2.53x | TL4.28 Million |
| 2006 | 28.57% | 34.03% | 0.25x | 3.34x | TL5.39 Million |
| 2007 | 34.02% | 28.61% | 0.23x | 5.27x | TL8.59 Million |
| 2008 | 22.82% | 18.28% | 0.38x | 3.24x | TL5.83 Million |
| 2009 | 25.13% | 28.67% | 0.21x | 4.10x | TL9.12 Million |
| 2010 | 29.70% | 40.88% | 0.16x | 4.56x | TL16.95 Million |
| 2011 | 23.14% | 29.15% | 0.15x | 5.17x | TL14.34 Million |
| 2012 | 23.57% | 28.37% | 0.19x | 4.41x | TL17.48 Million |
| 2013 | 18.14% | 25.47% | 0.15x | 4.89x | TL11.64 Million |
| 2014 | 16.71% | 23.16% | 0.15x | 4.92x | TL10.09 Million |
| 2015 | 18.38% | 21.82% | 0.16x | 5.22x | TL12.40 Million |
| 2016 | 16.93% | 18.83% | 0.18x | 4.91x | TL10.40 Million |
| 2017 | 15.25% | 17.38% | 0.19x | 4.69x | TL7.91 Million |
| 2018 | 18.10% | 15.91% | 0.37x | 3.05x | TL10.61 Million |
| 2019 | 15.05% | 21.67% | 0.23x | 3.02x | TL7.79 Million |
| 2020 | 9.08% | 25.48% | 0.15x | 2.36x | TL-1.56 Million |
| 2021 | 5.96% | 14.00% | 0.16x | 2.58x | TL-9.17 Million |
| 2022 | 11.58% | 19.00% | 0.22x | 2.72x | TL4.12 Million |
| 2023 | 17.57% | 21.34% | 0.32x | 2.54x | TL28.49 Million |
| 2024 | 23.49% | 18.73% | 0.44x | 2.86x | TL68.56 Million |
Industry Comparison
This section compares Creditwest Faktoring AS's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $2,079,269,743
- Average return on equity (ROE) among peers: 23.44%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Creditwest Faktoring AS (CRDFA) | TL595.47 Million | 10.08% | 2.31x | $64.19 Million |
| Garanti Faktoring AS (GARFA) | $140.38 Million | 14.61% | 20.30x | $31.73 Million |
| Is Finansal Kiralama AS (ISFIN) | $475.96 Million | 13.38% | 3.40x | $150.35 Million |
| Katilimevim Tasaruf Finansman A.S. (KTLEV) | $12.46 Billion | 69.20% | 2.81x | $2.25 Billion |
| Lider Faktoring AS (LIDFA) | $132.75 Million | 17.00% | 8.77x | $23.06 Million |
| QNB Finans Finansal Kiralama AS (QNBFL) | $1.04 Billion | 13.56% | 6.55x | $7.20 Million |
| Seker Finansal Kiralama AS (SEKFK) | $281.81 Million | 36.32% | 4.38x | $18.29 Million |
| Vakif Finansal Kiralama AS (VAKFN) | $29.80 Million | 0.00% | 3.93x | $101.47 Million |