ENDAE
Enda Enerji Holding A.S. owns and operates electricity generation facilities in Turkey. It owns and operates 13 electricity generation facilities comprising 4 hydroelectric power plants, 5 wind power plants, 3 solar power plants, and 1 geothermal power plant with a total installed capacity of 189.12 Mwe. The company was founded in 1993 and is based in Izmir, Turkey.
ENDAE (ENDAE) - Net Assets
Latest net assets as of September 2025: TL13.40 Billion TRY
Based on the latest financial reports, ENDAE (ENDAE) has net assets worth TL13.40 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 (TL16.06 Billion) and total liabilities (TL2.67 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 | TL13.40 Billion |
| % of Total Assets | 83.39% |
| Annual Growth Rate | 70.17% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 99.38 |
ENDAE - Net Assets Trend (2020–2024)
This chart illustrates how ENDAE's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for ENDAE (2020–2024)
The table below shows the annual net assets of ENDAE from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL9.54 Billion | +32.12% |
| 2023-12-31 | TL7.22 Billion | +0.54% |
| 2022-12-31 | TL7.18 Billion | +257.30% |
| 2021-12-31 | TL2.01 Billion | +76.68% |
| 2020-12-31 | TL1.14 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to ENDAE'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 378607152300.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL3.53 Billion | 50.60% |
| Common Stock | TL345.48 Million | 4.96% |
| Other Comprehensive Income | TL3.06 Billion | 43.86% |
| Other Components | TL40.34 Million | 0.58% |
| Total Equity | TL6.97 Billion | 100.00% |
ENDAE Competitors by Market Cap
The table below lists competitors of ENDAE ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
079900
KO:079900
|
$114.70 Million |
|
IAR Systems Group AB (publ)
PINK:IARGF
|
$114.75 Million |
|
Sitka Gold Corp
OTCQB:SITKF
|
$114.76 Million |
|
Kalyani Steels Limited
NSE:KSL
|
$114.76 Million |
|
Shoppers Stop Limited
NSE:SHOPERSTOP
|
$114.65 Million |
|
6ZF
F:6ZF
|
$114.60 Million |
|
Youngchang Chemical Co. Ltd.
KQ:112290
|
$114.58 Million |
|
Mangalam Cement Limited
NSE:MANGLMCEM
|
$114.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ENDAE's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,328,054,238 to 6,968,106,393, a change of 1,640,052,155 (30.8%).
- Net loss of 710,367,425 reduced equity.
- Dividend payments of 36,244,430 reduced retained earnings.
- Other comprehensive income increased equity by 3,056,173,263.
- Other factors decreased equity by 669,509,253.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL-710.37 Million | -10.19% |
| Dividends Paid | TL36.24 Million | -0.52% |
| Other Comprehensive Income | TL3.06 Billion | +43.86% |
| Other Changes | TL-669.51 Million | -9.61% |
| Total Change | TL- | 30.78% |
Book Value vs Market Value Analysis
This analysis compares ENDAE'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: 0.68x
- 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 7.29x to 0.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | TL1.88 | TL13.70 | x |
| 2021-12-31 | TL3.36 | TL13.70 | x |
| 2022-12-31 | TL11.85 | TL13.70 | x |
| 2023-12-31 | TL11.96 | TL13.70 | x |
| 2024-12-31 | TL20.17 | TL13.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ENDAE 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): -10.19%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -57.78%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.67x
- Recent ROE (-10.19%) is below the historical average (4.14%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 1.26% | 3.25% | 0.16x | 2.48x | TL-73.14 Million |
| 2021 | 6.97% | 28.78% | 0.11x | 2.23x | TL-45.33 Million |
| 2022 | 21.47% | 64.84% | 0.19x | 1.76x | TL605.08 Million |
| 2023 | 1.20% | 5.86% | 0.12x | 1.67x | TL-468.93 Million |
| 2024 | -10.19% | -57.78% | 0.11x | 1.67x | TL-1.41 Billion |
Industry Comparison
This section compares ENDAE's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $7,809,693,037
- Average return on equity (ROE) among peers: 6.56%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ENDAE (ENDAE) | TL13.40 Billion | 1.26% | 0.20x | $114.70 Million |
| A1 Yenilenebilir Enerji Üretim A.S. (A1YEN) | $1.37 Billion | 8.46% | 0.52x | $30.22 Million |
| Akfen Yenilenebilir Enerji A.S. (AKFYE) | $20.43 Billion | 22.29% | 0.69x | $580.51 Million |
| Aksu Enerji ve Ticaret AS (AKSUE) | $33.10 Million | -3.46% | 0.72x | $32.18 Million |
| Aydem Yenilenebilir Enerji AS (AYDEM) | $4.42 Billion | -12.92% | 1.32x | $90.84 Million |
| Ayen Enerji AS (AYEN) | $13.33 Billion | 5.49% | 0.53x | $32.73 Million |
| Biotrend Cevre ve Enerji Yatirimlari AS (BIOEN) | $199.99 Million | 25.24% | 3.07x | $112.68 Million |
| Consus Enerji Isletmeciligi ve Hizmetleri AS (CONSE) | $857.98 Million | 5.48% | 1.21x | $38.25 Million |
| Ic Enterra Yenilenebilir Enerji As (ENTRA) | $16.91 Billion | 7.61% | 0.66x | $388.72 Million |
| Esenboga Elektrik Uretim AS (ESEN) | $12.73 Billion | 0.86% | 0.53x | $52.33 Million |