Cuhadaroglu Metal Sanayi ve Pazarlama AS (CUSAN) - Net Assets

Latest as of March 2026: TL610.33 Million TRY ≈ $13.67 Million USD

Based on the latest financial reports, Cuhadaroglu Metal Sanayi ve Pazarlama AS (CUSAN) has net assets worth TL610.33 Million TRY (≈ $13.67 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 (TL5.76 Billion ≈ $129.08 Million USD) and total liabilities (TL5.15 Billion ≈ $115.41 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 CUSAN goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	TL610.33 Million
% of Total Assets	10.59%
Annual Growth Rate	15.92%
5-Year Change	120.0%
10-Year Change	323.24%
Growth Volatility	37.33

Cuhadaroglu Metal Sanayi ve Pazarlama AS - Net Assets Trend (2012–2025)

This chart illustrates how Cuhadaroglu Metal Sanayi ve Pazarlama AS's net assets have evolved over time, based on quarterly financial data. See CUSAN cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Cuhadaroglu Metal Sanayi ve Pazarlama AS (2012–2025)

The table below shows the annual net assets of Cuhadaroglu Metal Sanayi ve Pazarlama AS from 2012 to 2025. For live valuation and market cap data, see Cuhadaroglu Metal Sanayi ve Pazarlama AS stock valuation.

Year	Net Assets	Change
2025-12-31	TL662.36 Million ≈ $14.84 Million	-40.60%
2024-12-31	TL1.12 Billion ≈ $24.97 Million	-0.59%
2023-12-31	TL1.12 Billion ≈ $25.12 Million	+94.05%
2022-12-31	TL578.04 Million ≈ $12.95 Million	+92.00%
2021-12-31	TL301.07 Million ≈ $6.74 Million	+54.13%
2020-12-31	TL195.34 Million ≈ $4.38 Million	+21.78%
2019-12-31	TL160.40 Million ≈ $3.59 Million	+4.74%
2018-12-31	TL153.13 Million ≈ $3.43 Million	-5.84%
2017-12-31	TL162.63 Million ≈ $3.64 Million	+3.92%
2016-12-31	TL156.50 Million ≈ $3.51 Million	+28.16%
2015-12-31	TL122.11 Million ≈ $2.73 Million	+22.79%
2014-12-31	TL99.44 Million ≈ $2.23 Million	+14.91%
2013-12-31	TL86.54 Million ≈ $1.94 Million	-10.84%
2012-12-31	TL97.07 Million ≈ $2.17 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Cuhadaroglu Metal Sanayi ve Pazarlama 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 7157.3% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	TL1.72 Billion	234.06%
Total Equity	TL733.51 Million	100.00%

Cuhadaroglu Metal Sanayi ve Pazarlama AS Competitors by Market Cap

The table below lists competitors of Cuhadaroglu Metal Sanayi ve Pazarlama AS ranked by their market capitalization.

Company	Market Cap
Kishin Corporation KO:092440	$38.79 Million
Woowon Development Co. Ltd KQ:046940	$38.83 Million
DONGJIANG ENVIRONMENTAL H F:DGN	$38.84 Million
Singtex Industrial Co Ltd TWO:4433	$38.85 Million
Apollo Sindoori Hotels Limited NSE:APOLSINHOT	$38.76 Million
Bedmutha Industries Limited NSE:BEDMUTHA	$38.75 Million
Hyundai Engineering & Construction Co Ltd KO:000725	$38.74 Million
Intergis KO:129260	$38.72 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Cuhadaroglu Metal Sanayi ve Pazarlama AS's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,252,692,991 to 733,506,173, a change of -519,186,818 (-41.4%).
Net loss of 584,763,636 reduced equity.
New share issuances of 12,780,928 increased equity.
Other factors increased equity by 52,795,890.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	TL-584.76 Million	-79.72%
Share Issuances	TL12.78 Million	+1.74%
Other Changes	TL52.80 Million	+7.2%
Total Change	TL-	-41.45%

Book Value vs Market Value Analysis

This analysis compares Cuhadaroglu Metal Sanayi ve Pazarlama 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: 2.36x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 11.59x to 2.36x 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	TL2.10	TL24.30	x
2018-12-31	TL2.03	TL24.30	x
2019-12-31	TL2.17	TL24.30	x
2020-12-31	TL2.68	TL24.30	x
2021-12-31	TL3.88	TL24.30	x
2022-12-31	TL7.59	TL24.30	x
2023-12-31	TL16.38	TL24.30	x
2024-12-31	TL17.58	TL24.30	x
2025-12-31	TL10.29	TL24.30	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Cuhadaroglu Metal Sanayi ve Pazarlama 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): -79.72%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -20.82%
• Asset Turnover: 0.51x
• Equity Multiplier: 7.51x
Recent ROE (-79.72%) is below the historical average (2.12%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2014	16.51%	7.82%	1.07x	1.97x	TL5.73 Million
2015	18.76%	9.29%	1.23x	1.64x	TL9.48 Million
2016	20.61%	15.19%	0.75x	1.81x	TL14.93 Million
2017	7.23%	4.08%	0.98x	1.80x	TL-4.14 Million
2018	-0.37%	-0.20%	0.84x	2.26x	TL-14.98 Million
2019	7.32%	3.23%	1.16x	1.95x	TL-4.16 Million
2020	12.51%	7.02%	0.86x	2.08x	TL4.80 Million
2021	34.51%	8.78%	1.32x	2.98x	TL67.69 Million
2022	37.56%	10.58%	1.16x	3.06x	TL149.04 Million
2023	-29.48%	-13.29%	0.77x	2.89x	TL-460.84 Million
2024	-19.97%	-6.89%	0.65x	4.44x	TL-375.45 Million
2025	-79.72%	-20.82%	0.51x	7.51x	TL-658.11 Million

Industry Comparison

This section compares Cuhadaroglu Metal Sanayi ve Pazarlama AS's net assets metrics with peer companies in the Building Products & Equipment industry.

Industry Context

Industry: Building Products & Equipment
Average net assets among peers: $2,738,284,233
Average return on equity (ROE) among peers: 11.38%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Cuhadaroglu Metal Sanayi ve Pazarlama AS (CUSAN)	TL610.33 Million	16.51%	8.44x	$38.78 Million
Bien Yapi Urunleri Sanayi Turizm ve Ticaret A.S. (BIENY)	$13.28 Billion	1.26%	0.47x	$189.69 Million
Dogusan Boru Sanayi ve Ticaret AS (DOGUB)	$10.07 Million	0.00%	0.24x	$75.60 Million
Ege Profil Ticaret ve Sanayi AS (EGPRO)	$425.59 Million	8.69%	1.89x	$479.72 Million
Egeplast Ege Plastik Ticaret ve Sanayi AS (EPLAS)	$-12.83 Million	0.00%	0.00x	$24.72 Million
Europen Endustri Insaat Sanayi ve Ticaret A.S. (EUREN)	$7.26 Billion	14.72%	0.35x	$220.12 Million
Papilon Savunma Guvenlik Sistemleri (PAPIL)	$59.43 Million	42.30%	0.05x	$71.69 Million
Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS (PNLSN)	$57.81 Million	24.61%	4.16x	$77.10 Million
Qua Granite Hayal Yapi ve Urunleri Sanayi Ticaret AS (QUAGR)	$158.34 Million	12.55%	2.27x	$237.11 Million
Usak Seramik Sanayi AS (USAK)	$3.40 Billion	-1.71%	1.13x	$57.76 Million

About Cuhadaroglu Metal Sanayi ve Pazarlama AS

IS:CUSAN Turkey Building Products & Equipment

Market Cap

$38.78 Million

TL1.73 Billion TRY

Market Cap Rank

#22866 Global

#401 in Turkey

Share Price

TL24.30

Change (1 day)

-1.62%

52-Week Range

TL18.41 - TL38.50

All Time High

TL38.50