Erciyas Celik Boru Sanayi A.S.
Erciyas Çelik Boru Sanayi A.S. engages in the manufacture and sale of steel pipes in Turkey. It offers natural gas, petrochemical and oil pipes, drinking water pipes, pile pipes, steel structure pipes, general and special purpose pipes, and fittings. The company was incorporated in 1990 and is based in Istanbul, Turkey.
Erciyas Celik Boru Sanayi A.S. (ERCB) - Net Assets
Latest net assets as of June 2025: TL1.40 Billion TRY
Based on the latest financial reports, Erciyas Celik Boru Sanayi A.S. (ERCB) has net assets worth TL1.40 Billion TRY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL12.41 Billion) and total liabilities (TL11.01 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 | TL1.40 Billion |
| % of Total Assets | 11.25% |
| Annual Growth Rate | 59.92% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 33.55 |
Erciyas Celik Boru Sanayi A.S. - Net Assets Trend (2020–2024)
This chart illustrates how Erciyas Celik Boru Sanayi A.S.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Erciyas Celik Boru Sanayi A.S. (2020–2024)
The table below shows the annual net assets of Erciyas Celik Boru Sanayi A.S. from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL3.55 Billion | +18.99% |
| 2023-12-31 | TL2.99 Billion | +61.37% |
| 2022-12-31 | TL1.85 Billion | +59.51% |
| 2021-12-31 | TL1.16 Billion | +113.52% |
| 2020-12-31 | TL543.39 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Erciyas Celik Boru Sanayi A.S.'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 220.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL448.12 Million | 12.50% |
| Other Components | TL3.14 Billion | 87.50% |
| Total Equity | TL3.58 Billion | 100.00% |
Erciyas Celik Boru Sanayi A.S. Competitors by Market Cap
The table below lists competitors of Erciyas Celik Boru Sanayi A.S. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MDJM Ltd
NASDAQ:UOKA
|
$1.66 Million |
|
Qlucore AB
ST:QCORE
|
$1.66 Million |
|
Visagar Polytex Limited
NSE:VIVIDHA
|
$1.67 Million |
|
Authentic Holdings Inc.
PINK:AHRO
|
$1.67 Million |
|
SWISS BREAK GRP N
BE:4SB
|
$1.66 Million |
|
NANOMETRICS INC
MU:NNM
|
$1.66 Million |
|
Enterprise Metals Ltd
AU:ENT
|
$1.66 Million |
|
Golden Pharos Bhd
KLSE:5649
|
$1.66 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Erciyas Celik Boru Sanayi A.S.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,986,651,312 to 3,584,320,631, a change of 597,669,319 (20.0%).
- Net income of 28,566,668 contributed positively to equity growth.
- Other factors increased equity by 569,102,651.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL28.57 Million | +0.8% |
| Other Changes | TL569.10 Million | +15.88% |
| Total Change | TL- | 20.01% |
Book Value vs Market Value Analysis
This analysis compares Erciyas Celik Boru Sanayi A.S.'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: 1.15x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 7.61x to 1.15x 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 | TL6.99 | TL53.20 | x |
| 2021-12-31 | TL14.92 | TL53.20 | x |
| 2022-12-31 | TL23.80 | TL53.20 | x |
| 2023-12-31 | TL38.40 | TL53.20 | x |
| 2024-12-31 | TL46.09 | TL53.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Erciyas Celik Boru Sanayi A.S. 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): 0.80%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.39%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 3.56x
- Recent ROE (0.80%) is below the historical average (4.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 2.13% | 2.35% | 0.33x | 2.74x | TL-91.34 Million |
| 2022 | 9.98% | 5.25% | 0.68x | 2.78x | TL-316.12K |
| 2023 | 3.09% | 1.12% | 0.85x | 3.27x | TL-206.50 Million |
| 2024 | 0.80% | 0.39% | 0.57x | 3.56x | TL-329.87 Million |
Industry Comparison
This section compares Erciyas Celik Boru Sanayi A.S.'s net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $1,060,965,847
- Average return on equity (ROE) among peers: 11.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Erciyas Celik Boru Sanayi A.S. (ERCB) | TL1.40 Billion | 2.13% | 7.89x | $1.66 Million |
| Ayes Celik Hasir ve Cit Sanayi AS (AYES) | $32.59 Million | 8.66% | 0.58x | $74.02 Million |
| BMS Celik Hasir Sanayi ve Ticaret AS (BMSCH) | $60.73 Million | 16.40% | 0.90x | $32.55 Million |
| Bms Birlesik Metal Sanayi ve Ticaret AS (BMSTL) | $189.99 Million | 26.85% | 2.18x | $122.56 Million |
| Borusan Mannesmann Boru Sanayi ve Ticaret AS (BRSAN) | $2.89 Billion | 2.29% | 1.40x | $341.36 Million |
| Borusan Yatirim ve Pazarlama AS (BRYAT) | $122.34 Million | 5.16% | 0.00x | $594.49 Million |
| Cemtas Celik Makina Sanayi ve Ticaret AS (CEMTS) | $157.26 Million | 5.41% | 0.14x | $62.64 Million |
| Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. (DOFER) | $979.13 Million | -8.12% | 0.48x | $16.81 Million |
| Doktas Dokumculuk Ticaret ve Sanayi AS (DOKTA) | $213.48 Million | 39.45% | 8.58x | $203.74 Million |
| Eregli Demir ve Celik Fabrikalari TAS (EREGL) | $4.91 Billion | 3.94% | 0.47x | $2.86 Billion |