Ege Endustri ve Ticaret AS
Ege Endüstri ve Ticaret A.S. designs, manufactures, and sells components and systems for land vehicles, including special purpose mobility vehicles in Turkey and internationally. It offers axle and suspension system components for commercial vehicles and special vehicle applications including fabricated axle housings, tag axles, air bellow beams, trailer axles, pusher axles, and cast axles machin… Read more
Ege Endustri ve Ticaret AS (EGEEN) - Net Assets
Latest net assets as of June 2024: TL5.11 Billion TRY
Based on the latest financial reports, Ege Endustri ve Ticaret AS (EGEEN) has net assets worth TL5.11 Billion TRY as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL7.32 Billion) and total liabilities (TL2.21 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 | TL5.11 Billion |
| % of Total Assets | 69.85% |
| Annual Growth Rate | -36.57% |
| 5-Year Change | 370.91% |
| 10-Year Change | 2925.59% |
| Growth Volatility | 46.68 |
Ege Endustri ve Ticaret AS - Net Assets Trend (2003–2023)
This chart illustrates how Ege Endustri ve Ticaret 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 Ege Endustri ve Ticaret AS (2003–2023)
The table below shows the annual net assets of Ege Endustri ve Ticaret AS from 2003 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | TL4.03 Billion | +130.77% |
| 2022-12-31 | TL1.75 Billion | +56.32% |
| 2021-12-31 | TL1.12 Billion | +57.45% |
| 2020-12-31 | TL710.34 Million | -17.09% |
| 2019-12-31 | TL856.75 Million | +32.99% |
| 2018-12-31 | TL644.23 Million | +86.22% |
| 2017-12-31 | TL345.95 Million | +35.18% |
| 2016-12-31 | TL255.92 Million | +27.57% |
| 2015-12-31 | TL200.61 Million | +50.44% |
| 2014-12-31 | TL133.35 Million | +43.26% |
| 2013-12-31 | TL93.08 Million | +24.57% |
| 2012-12-31 | TL74.72 Million | +12.81% |
| 2011-12-31 | TL66.24 Million | +65.83% |
| 2010-12-31 | TL39.94 Million | +10.94% |
| 2009-12-31 | TL36.00 Million | -8.81% |
| 2008-12-31 | TL39.48 Million | +8.05% |
| 2007-12-31 | TL36.54 Million | -3.88% |
| 2006-12-31 | TL38.01 Million | +32.12% |
| 2005-12-31 | TL28.77 Million | -36.12% |
| 2004-12-31 | TL45.04 Million | -100.00% |
| 2003-12-31 | TL36.34 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ege Endustri ve Ticaret 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 358307710200.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL3.58 Billion | 88.81% |
| Common Stock | TL3.15 Million | 0.08% |
| Other Components | TL448.30 Million | 11.11% |
| Total Equity | TL4.03 Billion | 100.00% |
Ege Endustri ve Ticaret AS Competitors by Market Cap
The table below lists competitors of Ege Endustri ve Ticaret AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ames National Corporation
NASDAQ:ATLO
|
$189.58 Million |
|
CCS Supply Chain Management Co Ltd
SHG:600180
|
$189.59 Million |
|
Tourism Holdings Rentals Ltd
AU:THL
|
$189.67 Million |
|
Kerjaya Prospek Group Bhd
KLSE:7161
|
$189.70 Million |
|
China Master Logistics Co Ltd
SHG:603967
|
$189.52 Million |
|
LINKBANCORP Inc
NASDAQ:LNKB
|
$189.48 Million |
|
Zhejiang Zhe Kuang Heavy Industry
SHE:300837
|
$189.38 Million |
|
FVCBankcorp Inc
NASDAQ:FVCB
|
$189.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ege Endustri ve Ticaret AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,748,310,023 to 4,034,522,394, a change of 2,286,212,371 (130.8%).
- Net income of 696,243,397 contributed positively to equity growth.
- Dividend payments of 368,290,637 reduced retained earnings.
- Other comprehensive income increased equity by 24,948,032.
- Other factors increased equity by 1,933,311,579.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL696.24 Million | +17.26% |
| Dividends Paid | TL368.29 Million | -9.13% |
| Other Comprehensive Income | TL24.95 Million | +0.62% |
| Other Changes | TL1.93 Billion | +47.92% |
| Total Change | TL- | 130.77% |
Book Value vs Market Value Analysis
This analysis compares Ege Endustri ve Ticaret 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: 4.60x
- 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 464.32x to 4.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | TL12.68 | TL5887.50 | x |
| 2011-12-31 | TL21.03 | TL5887.50 | x |
| 2012-12-31 | TL23.71 | TL5887.50 | x |
| 2013-12-31 | TL0.30 | TL5887.50 | x |
| 2014-12-31 | TL0.42 | TL5887.50 | x |
| 2015-12-31 | TL0.64 | TL5887.50 | x |
| 2016-12-31 | TL0.81 | TL5887.50 | x |
| 2017-12-31 | TL109.82 | TL5887.50 | x |
| 2018-12-31 | TL192.21 | TL5887.50 | x |
| 2019-12-31 | TL217.82 | TL5887.50 | x |
| 2020-12-31 | TL225.50 | TL5887.50 | x |
| 2021-12-31 | TL355.05 | TL5887.50 | x |
| 2022-12-31 | TL555.02 | TL5887.50 | x |
| 2023-12-31 | TL1280.80 | TL5887.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ege Endustri ve Ticaret 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): 17.26%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.81%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 1.55x
- Recent ROE (17.26%) is below the historical average (38.13%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 9.86% | 5.06% | 0.91x | 2.15x | TL-54.55K |
| 2011 | 42.17% | 16.58% | 1.12x | 2.26x | TL21.31 Million |
| 2012 | 25.20% | 12.67% | 1.23x | 1.61x | TL11.36 Million |
| 2013 | 31.83% | 17.01% | 1.27x | 1.47x | TL20.32 Million |
| 2014 | 42.53% | 24.72% | 1.44x | 1.20x | TL43.38 Million |
| 2015 | 50.85% | 32.53% | 1.14x | 1.37x | TL81.95 Million |
| 2016 | 38.45% | 38.75% | 0.77x | 1.29x | TL72.80 Million |
| 2017 | 38.19% | 38.19% | 0.80x | 1.25x | TL97.53 Million |
| 2018 | 57.40% | 59.24% | 0.69x | 1.41x | TL286.97 Million |
| 2019 | 37.56% | 25.69% | 0.91x | 1.60x | TL189.10 Million |
| 2020 | 37.12% | 51.71% | 0.49x | 1.48x | TL192.66 Million |
| 2021 | 53.96% | 57.51% | 0.75x | 1.25x | TL491.69 Million |
| 2022 | 51.41% | 39.99% | 0.72x | 1.78x | TL723.91 Million |
| 2023 | 17.26% | 17.81% | 0.62x | 1.55x | TL292.79 Million |
Industry Comparison
This section compares Ege Endustri ve Ticaret AS's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $222,875,085
- Average return on equity (ROE) among peers: 14.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ege Endustri ve Ticaret AS (EGEEN) | TL5.11 Billion | 9.86% | 0.43x | $189.58 Million |
| Balatacilar Balatacilik Sanayi ve Ticaret AS (BALAT) | $2.98 Million | 0.00% | 3.78x | $35.75 Million |
| Bosch Fren Sistemleri Sanayi ve Ticaret AS (BFREN) | $71.77 Million | 47.64% | 0.44x | $19.03 Million |
| Brisa Bridgestone Sabanci Lastik Sanayi ve Ticaret AS (BRISA) | $419.42 Million | 12.76% | 0.17x | $258.34 Million |
| Ditas Dogan Yedek Parca Imalat ve Teknik AS (DITAS) | $457.85 Million | -5.09% | 2.74x | $34.48 Million |
| Goodyear Lastikleri TAS (GOODY) | $455.54 Million | 10.09% | 0.77x | $27.56 Million |
| Jantsa Jant Sanayi ve Ticaret AS (JANTS) | $118.27 Million | 27.26% | 0.48x | $36.89 Million |
| Parsan Makina Parcalari Sanayi AS (PARSN) | $199.07 Million | 0.00% | 0.30x | $62.53 Million |
| Safkar Ege Sogutmacilik Klima Soguk Hava Tesisleri Ihracat Ithalat Sanayi ve Tic (SAFKR) | $58.11 Million | 21.95% | 0.53x | $87.53 Million |