Erciyas Celik Boru Sanayi A.S. (ERCB) - Net Assets
Based on the latest financial reports, Erciyas Celik Boru Sanayi A.S. (ERCB) has net assets worth TL1.40 Billion TRY (≈ $31.27 Million USD) 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 ≈ $277.92 Million USD) and total liabilities (TL11.01 Billion ≈ $246.65 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 ERCB financial resilience to evaluate the company's liquid asset resilience ratio.
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. Also explore Erciyas Celik Boru Sanayi A.S. asset portfolio for the complete picture of this company's asset base.
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. For live valuation and market cap data, see Erciyas Celik Boru Sanayi A.S. (ERCB) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL3.55 Billion ≈ $79.59 Million |
+18.99% |
| 2023-12-31 | TL2.99 Billion ≈ $66.89 Million |
+61.37% |
| 2022-12-31 | TL1.85 Billion ≈ $41.45 Million |
+59.51% |
| 2021-12-31 | TL1.16 Billion ≈ $25.99 Million |
+113.52% |
| 2020-12-31 | TL543.39 Million ≈ $12.17 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 |
|---|---|
|
Argent
JSE:ART
|
$104.57 Million |
|
Vaziva Sa
PA:ALVAZ
|
$104.58 Million |
|
ALEXANDRIA PANKKIIRILIIKE
F:3ZL
|
$104.59 Million |
|
Mobiletron Electronics Co Ltd
TW:1533
|
$104.63 Million |
|
Ecograf Ltd
AU:EGR
|
$104.50 Million |
|
POSCO-Thainox Public Company Limited
BK:INOX
|
$104.48 Million |
|
CFI Holding SA
WAR:CFI
|
$104.48 Million |
|
SINGULAR PEOPLE S EO-1
F:H0U
|
$104.44 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: 1.30x
- 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 8.59x to 1.30x 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 | TL60.00 | x |
| 2021-12-31 | TL14.92 | TL60.00 | x |
| 2022-12-31 | TL23.80 | TL60.00 | x |
| 2023-12-31 | TL38.40 | TL60.00 | x |
| 2024-12-31 | TL46.09 | TL60.00 | 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: $2,590,191,489
- Average return on equity (ROE) among peers: 14.70%
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 | $104.51 Million |
| Ayes Celik Hasir ve Cit Sanayi AS (AYES) | $199.59 Million | 58.28% | 2.12x | $104.15 Million |
| BMS Celik Hasir Sanayi ve Ticaret AS (BMSCH) | $332.07 Million | 19.00% | 0.53x | $42.38 Million |
| Bms Birlesik Metal Sanayi ve Ticaret AS (BMSTL) | $942.75 Million | 1.79% | 0.74x | $282.71 Million |
| Borusan Mannesmann Boru Sanayi ve Ticaret AS (BRSAN) | $2.77 Billion | 10.22% | 1.46x | $1.97 Billion |
| Borusan Yatirim ve Pazarlama AS (BRYAT) | $2.24 Billion | 3.02% | 0.05x | $1.36 Billion |
| Cemtas Celik Makina Sanayi ve Ticaret AS (CEMTS) | $130.05 Million | 0.00% | 0.21x | $121.73 Million |
| Doktas Dokumculuk Ticaret ve Sanayi AS (DOKTA) | $4.47 Billion | 10.59% | 1.60x | $181.27 Million |
| Eregli Demir ve Celik Fabrikalari TAS (EREGL) | $6.69 Billion | 11.45% | 1.02x | $5.67 Billion |
| Iskenderun Demir ve Celik AS (ISDMR) | $5.54 Billion | 18.00% | 0.43x | $3.44 Billion |
About 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.