Dap Gayrimenkul Gelistirme AS
DAP Gayrimenkul Gelistirme A.S. engages in the real estate business in Turkey. It is involved in the construction and development of residences, office, commercial, business centers, holiday villages, hotels, schools, and private hospital projects. The company was incorporated in 1981 and is headquartered in Istanbul, Turkey.
Dap Gayrimenkul Gelistirme AS (DAPGM) - Net Assets
Latest net assets as of September 2025: TL14.07 Billion TRY
Based on the latest financial reports, Dap Gayrimenkul Gelistirme AS (DAPGM) has net assets worth TL14.07 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 (TL30.41 Billion) and total liabilities (TL16.33 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 | TL14.07 Billion |
| % of Total Assets | 46.29% |
| Annual Growth Rate | 192.91% |
| 5-Year Change | 4322.13% |
| 10-Year Change | N/A |
| Growth Volatility | 125.87 |
Dap Gayrimenkul Gelistirme AS - Net Assets Trend (2019–2024)
This chart illustrates how Dap Gayrimenkul Gelistirme 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 Dap Gayrimenkul Gelistirme AS (2019–2024)
The table below shows the annual net assets of Dap Gayrimenkul Gelistirme AS from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL10.42 Billion | +8.54% |
| 2023-12-31 | TL9.60 Billion | +298.84% |
| 2022-12-31 | TL2.41 Billion | +226.11% |
| 2021-12-31 | TL738.37 Million | +213.23% |
| 2020-12-31 | TL235.73 Million | +388.68% |
| 2019-12-31 | TL48.24 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Dap Gayrimenkul Gelistirme 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 17398.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL5.77 Billion | 55.38% |
| Other Components | TL4.65 Billion | 44.62% |
| Total Equity | TL10.42 Billion | 100.00% |
Dap Gayrimenkul Gelistirme AS Competitors by Market Cap
The table below lists competitors of Dap Gayrimenkul Gelistirme AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Auto Partner SA
WAR:APR
|
$322.12 Million |
|
China Western Power Industrial Co Ltd
SHE:002630
|
$322.20 Million |
|
Fujian Forecam Optics Co Ltd
SHG:688010
|
$322.32 Million |
|
Kura Sushi USA Inc
NASDAQ:KRUS
|
$322.57 Million |
|
Imricor Medical Systems Inc
AU:IMR
|
$321.96 Million |
|
Star Gas Partners LP
NYSE:SGU
|
$321.94 Million |
|
Kopin Corporation
NASDAQ:KOPN
|
$321.91 Million |
|
Omnijoi Media Corp
SHE:300528
|
$321.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dap Gayrimenkul Gelistirme AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,603,762,064 to 10,424,177,354, a change of 820,415,290 (8.5%).
- Net income of 828,009,028 contributed positively to equity growth.
- Share repurchases of 7,507,301 reduced equity.
- New share issuances of 43,975 increased equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL828.01 Million | +7.94% |
| Share Repurchases | TL7.51 Million | -0.07% |
| Share Issuances | TL43.98K | +0.0% |
| Other Changes | TL-130.41K | -0.0% |
| Total Change | TL- | 8.54% |
Book Value vs Market Value Analysis
This analysis compares Dap Gayrimenkul Gelistirme 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: 3.81x
- 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 62.15x to 3.81x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | TL0.24 | TL14.99 | x |
| 2020-12-31 | TL0.10 | TL14.99 | x |
| 2021-12-31 | TL3.69 | TL14.99 | x |
| 2022-12-31 | TL12.04 | TL14.99 | x |
| 2023-12-31 | TL3.89 | TL14.99 | x |
| 2024-12-31 | TL3.93 | TL14.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dap Gayrimenkul Gelistirme 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): 7.94%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.20%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 2.20x
- Recent ROE (7.94%) is below the historical average (43.90%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 40.09% | 29.84% | 0.18x | 7.52x | TL14.51 Million |
| 2020 | 79.53% | 32.14% | 0.54x | 4.59x | TL163.80 Million |
| 2021 | 42.32% | 34.23% | 0.35x | 3.57x | TL238.50 Million |
| 2022 | 69.36% | 38.47% | 0.60x | 3.02x | TL1.43 Billion |
| 2023 | 24.17% | 22.55% | 0.47x | 2.30x | TL1.36 Billion |
| 2024 | 7.94% | 12.20% | 0.30x | 2.20x | TL-214.41 Million |
Industry Comparison
This section compares Dap Gayrimenkul Gelistirme AS's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $14,589,476,596
- Average return on equity (ROE) among peers: 8.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dap Gayrimenkul Gelistirme AS (DAPGM) | TL14.07 Billion | 40.09% | 1.16x | $322.10 Million |
| BATI EGE GMYO (BEGYO) | $-279.91 Million | 0.00% | 0.00x | $34.72 Million |
| RONESANS GAYRIMENKUL YAT. (RGYAS) | $55.70 Billion | 32.83% | 0.50x | $150.04 Million |
| SUR TATIL EVLERI GMYO (SURGY) | $2.80 Billion | 0.00% | 0.18x | $72.97 Million |
| Turker Proje Gayrimenkul Ve Yatirim Gelistirme AS (TURGG) | $135.11 Million | 0.00% | 0.24x | $25.32 Million |