Deniz Gayrimenkul Yatirim Ortakligi AS
Deniz Gayrimenkul Yatirim Ortakligi A.S. operates as a real estate investment trust in Turkey. The company engages in real estate investment and development activities. Its property portfolio consists of residential, hotel, and commercial units in Istanbul, Ankara, and Bodrum. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subjec… Read more
Deniz Gayrimenkul Yatirim Ortakligi AS (DZGYO) - Net Assets
Latest net assets as of September 2025: TL5.22 Billion TRY
Based on the latest financial reports, Deniz Gayrimenkul Yatirim Ortakligi AS (DZGYO) has net assets worth TL5.22 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 (TL6.49 Billion) and total liabilities (TL1.27 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 | TL5.22 Billion |
| % of Total Assets | 80.44% |
| Annual Growth Rate | 30.78% |
| 5-Year Change | 1008.23% |
| 10-Year Change | 2127.45% |
| Growth Volatility | 100.31 |
Deniz Gayrimenkul Yatirim Ortakligi AS - Net Assets Trend (2005–2024)
This chart illustrates how Deniz Gayrimenkul Yatirim Ortakligi 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 Deniz Gayrimenkul Yatirim Ortakligi AS (2005–2024)
The table below shows the annual net assets of Deniz Gayrimenkul Yatirim Ortakligi AS from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL4.12 Billion | +13.17% |
| 2023-12-31 | TL3.64 Billion | +174.39% |
| 2022-12-31 | TL1.33 Billion | +84.13% |
| 2021-12-31 | TL719.94 Million | +93.81% |
| 2020-12-31 | TL371.46 Million | +40.26% |
| 2019-12-31 | TL264.84 Million | +6.50% |
| 2018-12-31 | TL248.67 Million | +16.78% |
| 2017-12-31 | TL212.94 Million | +8.01% |
| 2016-12-31 | TL197.15 Million | +6.67% |
| 2015-12-31 | TL184.81 Million | +5.90% |
| 2014-12-31 | TL174.52 Million | +3.03% |
| 2013-12-31 | TL169.39 Million | +428.28% |
| 2012-12-31 | TL32.06 Million | +18.84% |
| 2011-12-31 | TL26.98 Million | -15.97% |
| 2010-12-31 | TL32.11 Million | -2.11% |
| 2009-12-31 | TL32.80 Million | -18.29% |
| 2008-12-31 | TL40.15 Million | -14.26% |
| 2007-12-31 | TL46.83 Million | +28.92% |
| 2006-12-31 | TL36.32 Million | +44.48% |
| 2005-12-31 | TL25.14 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Deniz Gayrimenkul Yatirim Ortakligi 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 108078003700.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL1.08 Billion | 26.25% |
| Other Components | TL3.04 Billion | 73.75% |
| Total Equity | TL4.12 Billion | 100.00% |
Deniz Gayrimenkul Yatirim Ortakligi AS Competitors by Market Cap
The table below lists competitors of Deniz Gayrimenkul Yatirim Ortakligi AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Korea SPAC 2
KQ:206400
|
$23.99 Million |
|
DP POLAND PLC
F:2OP
|
$24.00 Million |
|
Nava Nakorn Public Company Limited
BK:NNCL
|
$24.00 Million |
|
ASTORY Co.Ltd
KQ:241840
|
$24.01 Million |
|
Hep Tech Co Ltd
TWO:3609
|
$23.97 Million |
|
The Farmers Bank of Appomattox
OTCQB:FBPA
|
$23.97 Million |
|
Companhia de Gás de São Paulo - COMGÁS
SA:CGAS3
|
$23.96 Million |
|
Syntara Ltd
AU:SNT
|
$23.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Deniz Gayrimenkul Yatirim Ortakligi AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,637,415,302 to 4,116,641,321, a change of 479,226,019 (13.2%).
- Net income of 478,564,111 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL478.56 Million | +11.63% |
| Other Changes | TL661.91K | +0.02% |
| Total Change | TL- | 13.17% |
Book Value vs Market Value Analysis
This analysis compares Deniz Gayrimenkul Yatirim Ortakligi 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: 0.74x
- 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 7.93x to 0.74x 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 | TL0.96 | TL7.58 | x |
| 2018-12-31 | TL1.13 | TL7.58 | x |
| 2019-12-31 | TL1.19 | TL7.58 | x |
| 2020-12-31 | TL1.33 | TL7.58 | x |
| 2021-12-31 | TL1.80 | TL7.58 | x |
| 2022-12-31 | TL3.31 | TL7.58 | x |
| 2023-12-31 | TL9.09 | TL7.58 | x |
| 2024-12-31 | TL10.29 | TL7.58 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Deniz Gayrimenkul Yatirim Ortakligi 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): 11.63%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 99.22%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 1.16x
- Recent ROE (11.63%) is below the historical average (12.83%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 22.43% | 17.35% | 1.29x | 1.00x | TL5.82 Million |
| 2009 | 23.29% | 20.89% | 1.11x | 1.00x | TL4.36 Million |
| 2010 | 12.78% | 9.88% | 1.29x | 1.00x | TL891.90K |
| 2012 | 15.85% | 31.51% | 0.50x | 1.00x | TL1.88 Million |
| 2014 | 2.94% | 49.79% | 0.06x | 1.00x | TL-12.32 Million |
| 2015 | 5.57% | 105.77% | 0.05x | 1.02x | TL-8.19 Million |
| 2016 | 6.26% | 104.11% | 0.06x | 1.01x | TL-7.38 Million |
| 2017 | 7.41% | 116.67% | 0.05x | 1.17x | TL-5.51 Million |
| 2018 | 15.38% | 266.10% | 0.03x | 2.27x | TL13.38 Million |
| 2019 | 5.04% | 89.72% | 0.02x | 3.21x | TL-13.14 Million |
| 2020 | 1.76% | 1.78% | 0.35x | 2.84x | TL-30.62 Million |
| 2021 | 13.63% | 21.03% | 0.46x | 1.40x | TL26.14 Million |
| 2022 | 45.72% | 91.00% | 0.42x | 1.19x | TL473.45 Million |
| 2023 | 2.73% | 9.06% | 0.30x | 1.02x | TL-264.30 Million |
| 2024 | 11.63% | 99.22% | 0.10x | 1.16x | TL66.90 Million |
Industry Comparison
This section compares Deniz Gayrimenkul Yatirim Ortakligi AS's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $5,482,602,848,698
- Average return on equity (ROE) among peers: 12.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Deniz Gayrimenkul Yatirim Ortakligi AS (DZGYO) | TL5.22 Billion | 22.43% | 0.24x | $23.99 Million |
| Dogus Gayrimenkul Yatirim Ortakligi AS (DGGYO) | $49.30 Trillion | 15.41% | 0.00x | $225.44 Million |
| Edip Gayrimenkul Yatirim Sanayi ve Ticaret AS (EDIP) | $4.70 Billion | 19.87% | 0.32x | $31.67 Million |
| EYG Gayrimenkul Yatirim Ortakligi A.S. (EYGYO) | $1.30 Billion | 18.63% | 0.60x | $18.10 Million |
| Halk Gayrimenkul Yatirim Ortakligi AS (HLGYO) | $2.28 Billion | 17.35% | 0.15x | $145.70 Million |
| Is Gayrimenkul Yatirim Ortakligi AS (ISGYO) | $27.03 Billion | 16.72% | 0.23x | $271.40 Million |
| Kiler Gayrimenkul Yatirim Ortakligi AS (KLGYO) | $296.03 Million | -0.02% | 0.97x | $212.57 Million |
| Mistral Gayrimenkul Yatirim Ortakligi AS (MSGYO) | $209.71 Million | 2.91% | 0.13x | $9.23 Million |
| Nurol Gayrimenkul Yatirim Ortakligi AS (NUGYO) | $5.27 Billion | 3.30% | 0.08x | $29.84 Million |
| Ozak Gayrimenkul Yatirim Ortakligi AS (OZKGY) | $3.49 Billion | 17.67% | 0.68x | $140.71 Million |