Deva Holding AS (DEVA) - Net Assets

Latest as of September 2025: TL26.48 Billion TRY ≈ $593.16 Million USD

Based on the latest financial reports, Deva Holding AS (DEVA) has net assets worth TL26.48 Billion TRY (≈ $593.16 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL35.50 Billion ≈ $795.16 Million USD) and total liabilities (TL9.02 Billion ≈ $202.00 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 how resilient are Deva Holding AS's assets to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	TL26.48 Billion
% of Total Assets	74.6%
Annual Growth Rate	31.5%
5-Year Change	1173.33%
10-Year Change	4492.92%
Growth Volatility	96.04

Deva Holding AS - Net Assets Trend (2005–2024)

This chart illustrates how Deva Holding AS's net assets have evolved over time, based on quarterly financial data. Also explore Deva Holding AS asset portfolio for the complete picture of this company's asset base.

Annual Net Assets for Deva Holding AS (2005–2024)

The table below shows the annual net assets of Deva Holding AS from 2005 to 2024. For live valuation and market cap data, see market cap of Deva Holding AS.

Year	Net Assets	Change
2024-12-31	TL20.81 Billion ≈ $466.11 Million	-2.50%
2023-12-31	TL21.34 Billion ≈ $478.04 Million	+442.15%
2022-12-31	TL3.94 Billion ≈ $88.17 Million	+44.32%
2021-12-31	TL2.73 Billion ≈ $61.10 Million	+66.90%
2020-12-31	TL1.63 Billion ≈ $36.61 Million	+58.55%
2019-12-31	TL1.03 Billion ≈ $23.09 Million	+38.11%
2018-12-31	TL746.41 Million ≈ $16.72 Million	+23.35%
2017-12-31	TL605.09 Million ≈ $13.55 Million	+17.99%
2016-12-31	TL512.85 Million ≈ $11.49 Million	+13.18%
2015-12-31	TL453.11 Million ≈ $10.15 Million	+10.00%
2014-12-31	TL411.91 Million ≈ $9.23 Million	+2.20%
2013-12-31	TL403.05 Million ≈ $9.03 Million	+6.45%
2012-12-31	TL378.63 Million ≈ $8.48 Million	+9.93%
2011-12-31	TL344.44 Million ≈ $7.71 Million	+1.36%
2010-12-31	TL339.82 Million ≈ $7.61 Million	+11.36%
2009-12-31	TL305.15 Million ≈ $6.83 Million	+19.41%
2008-12-31	TL255.54 Million ≈ $5.72 Million	-4.61%
2007-12-31	TL267.90 Million ≈ $6.00 Million	+41.41%
2006-12-31	TL189.45 Million ≈ $4.24 Million	+65.46%
2005-12-31	TL114.50 Million ≈ $2.56 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Deva Holding 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 44204.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	TL14.79 Billion	71.08%
Other Components	TL6.02 Billion	28.92%
Total Equity	TL20.81 Billion	100.00%

Deva Holding AS Competitors by Market Cap

The table below lists competitors of Deva Holding AS ranked by their market capitalization.

Company	Market Cap
Matrix Service Co NASDAQ:MTRX	$322.35 Million
Shenzhen Dvision Video Communica SHE:300167	$322.49 Million
Maithan Alloys Limited NSE:MAITHANALL	$322.62 Million
Telos Corp NASDAQ:TLS	$322.93 Million
Ag Growth International Inc TO:AFN	$322.31 Million
HannsTouch Solution Inc TW:3049	$322.16 Million
Guanajuato Silver Company Ltd V:GSVR	$322.01 Million
29METALS Ltd AU:29M	$321.96 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Deva Holding AS's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 21,343,640,447 to 20,811,059,530, a change of -532,580,917 (-2.5%).
Net income of 69,419,646 contributed positively to equity growth.
Dividend payments of 461,147,482 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	TL69.42 Million	+0.33%
Dividends Paid	TL461.15 Million	-2.22%
Other Changes	TL-140.85 Million	-0.68%
Total Change	TL-	-2.50%

Book Value vs Market Value Analysis

This analysis compares Deva Holding 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: 0.69x
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.
The price-to-book ratio has decreased from 23.78x to 0.69x 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	TL3.03	TL71.95	x
2018-12-31	TL3.73	TL71.95	x
2019-12-31	TL5.15	TL71.95	x
2020-12-31	TL8.17	TL71.95	x
2021-12-31	TL13.64	TL71.95	x
2022-12-31	TL19.68	TL71.95	x
2023-12-31	TL106.71	TL71.95	x
2024-12-31	TL104.05	TL71.95	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Deva Holding 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): 0.33%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.45%
• Asset Turnover: 0.52x
• Equity Multiplier: 1.43x
Recent ROE (0.33%) is below the historical average (19.19%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	12.63%	6.28%	0.84x	2.39x	TL3.01 Million
2007	33.82%	33.90%	0.69x	1.44x	TL63.82 Million
2012	9.05%	8.16%	0.58x	1.91x	TL-3.61 Million
2013	6.11%	5.88%	0.51x	2.05x	TL-15.69 Million
2014	2.12%	1.86%	0.52x	2.17x	TL-32.46 Million
2015	10.52%	8.27%	0.58x	2.19x	TL2.35 Million
2016	11.76%	8.76%	0.68x	1.98x	TL9.05 Million
2017	15.29%	11.56%	0.64x	2.08x	TL32.03 Million
2018	18.27%	13.10%	0.62x	2.24x	TL61.72 Million
2019	27.75%	20.82%	0.65x	2.06x	TL182.93 Million
2020	39.86%	34.96%	0.60x	1.89x	TL488.01 Million
2021	42.90%	50.21%	0.46x	1.86x	TL897.31 Million
2022	34.55%	30.38%	0.52x	2.19x	TL966.54 Million
2023	22.90%	29.88%	0.50x	1.52x	TL2.75 Billion
2024	0.33%	0.45%	0.52x	1.43x	TL-2.01 Billion

Industry Comparison

This section compares Deva Holding AS's net assets metrics with peer companies in the Drug Manufacturers - Specialty & Generic industry.

Industry Context

Industry: Drug Manufacturers - Specialty & Generic
Average net assets among peers: $1,929,056,656
Average return on equity (ROE) among peers: 21.22%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Deva Holding AS (DEVA)	TL26.48 Billion	12.63%	0.34x	$322.33 Million
EIS Eczacibasi Ilac Sinai ve Finansal Yatirimlar Sanayi ve Ticaret AS (ECILC)	$2.92 Billion	2.10%	0.18x	$1.40 Billion
Gen Ilac ve Saglik Urunleri Sanayi ve Ticaret AS (GENIL)	$2.80 Billion	38.53%	0.31x	$866.78 Million
Turk Ilac ve Serum Sanayi AS (TRILC)	$62.47 Million	23.04%	2.04x	$13.81 Million

About Deva Holding AS

IS:DEVA Turkey Drug Manufacturers - Specialty & Generic

Market Cap

$322.33 Million

TL14.39 Billion TRY

Market Cap Rank

#14687 Global

#148 in Turkey

Share Price

TL71.95

Change (1 day)

+3.38%

52-Week Range

TL52.35 - TL80.65

All Time High

TL102.39