Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS
Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm A.S. plans and organizes events and meetings under the Flap Tour brand name for the tourism industry. It organizes product launch meetings, education meetings, dealers' meetings, and corporate opening organizations. The company is also involved in organizing press meetings and bulletins; and the preparation of the printed materials for presentati… Read more
Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (FLAP) - Net Assets
Latest net assets as of September 2025: TL965.50 Million TRY
Based on the latest financial reports, Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (FLAP) has net assets worth TL965.50 Million TRY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL1.12 Billion) and total liabilities (TL156.49 Million). 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 | TL965.50 Million |
| % of Total Assets | 86.05% |
| Annual Growth Rate | 27.39% |
| 5-Year Change | 1004.51% |
| 10-Year Change | 1511.24% |
| Growth Volatility | 76.07 |
Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS - Net Assets Trend (2009–2024)
This chart illustrates how Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm 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 Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (2009–2024)
The table below shows the annual net assets of Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL768.97 Million | -9.86% |
| 2023-12-31 | TL853.06 Million | +263.86% |
| 2022-12-31 | TL234.45 Million | +38.24% |
| 2021-12-31 | TL169.59 Million | +143.59% |
| 2020-12-31 | TL69.62 Million | -4.75% |
| 2019-12-31 | TL73.09 Million | +16.62% |
| 2018-12-31 | TL62.67 Million | -51.20% |
| 2017-12-31 | TL128.43 Million | +53.30% |
| 2016-12-31 | TL83.78 Million | +75.55% |
| 2015-12-31 | TL47.73 Million | +73.16% |
| 2014-12-31 | TL27.56 Million | +8.90% |
| 2013-12-31 | TL25.31 Million | -30.80% |
| 2012-12-31 | TL36.57 Million | +74.45% |
| 2011-12-31 | TL20.96 Million | +11.93% |
| 2010-12-31 | TL18.73 Million | -8.06% |
| 2009-12-31 | TL20.37 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm 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 1848.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL102.70 Million | 13.36% |
| Other Components | TL666.27 Million | 86.64% |
| Total Equity | TL768.97 Million | 100.00% |
Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS Competitors by Market Cap
The table below lists competitors of Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Just Eat Takeaway
PINK:TKAYF
|
$22.21 Million |
|
Pergamon Status Dis Ticaret AS
IS:PSDTC
|
$22.21 Million |
|
Cheuk Nang (Holdings) Limited
F:CQH3
|
$22.21 Million |
|
Hunt Electronic Co Ltd
TWO:3297
|
$22.22 Million |
|
ENSILICA PLC LS-001
F:F0Z
|
$22.21 Million |
|
Elmer Bancorp Inc
PINK:ELMA
|
$22.20 Million |
|
PT Jakarta International Hotels & Development Tbk
MU:JAK1
|
$22.20 Million |
|
Chen Hsong Holdings Limited
PINK:CHHGF
|
$22.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 853,059,246 to 768,968,491, a change of -84,090,755 (-9.9%).
- Net loss of 69,033,848 reduced equity.
- Other factors decreased equity by 15,056,907.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL-69.03 Million | -8.98% |
| Other Changes | TL-15.06 Million | -1.96% |
| Total Change | TL- | -9.86% |
Book Value vs Market Value Analysis
This analysis compares Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm 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: 1.34x
- 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 5.78x to 1.34x 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 | TL1.90 | TL11.00 | x |
| 2018-12-31 | TL0.93 | TL11.00 | x |
| 2019-12-31 | TL1.08 | TL11.00 | x |
| 2020-12-31 | TL1.03 | TL11.00 | x |
| 2021-12-31 | TL1.81 | TL11.00 | x |
| 2022-12-31 | TL2.50 | TL11.00 | x |
| 2023-12-31 | TL9.10 | TL11.00 | x |
| 2024-12-31 | TL8.20 | TL11.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm 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): -8.98%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -19.41%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 1.06x
- Recent ROE (-8.98%) is below the historical average (9.27%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 7.84% | 9.40% | 0.62x | 1.34x | TL-791.30K |
| 2013 | 3.22% | 3.89% | 0.41x | 2.02x | TL-1.72 Million |
| 2014 | 8.34% | 6.78% | 0.66x | 1.88x | TL-458.10K |
| 2015 | 22.57% | 6.53% | 1.50x | 2.31x | TL6.00 Million |
| 2016 | 11.80% | 14.95% | 0.52x | 1.52x | TL1.51 Million |
| 2017 | 9.43% | 9.89% | 0.80x | 1.18x | TL-736.39K |
| 2018 | 6.96% | 6.60% | 0.70x | 1.50x | TL-1.91 Million |
| 2019 | 8.70% | 13.68% | 0.45x | 1.42x | TL-951.34K |
| 2020 | -8.48% | -49.75% | 0.13x | 1.31x | TL-12.86 Million |
| 2021 | 17.60% | 64.98% | 0.24x | 1.11x | TL12.88 Million |
| 2022 | 20.41% | 40.17% | 0.44x | 1.16x | TL24.41 Million |
| 2023 | 21.17% | 47.26% | 0.41x | 1.09x | TL95.26 Million |
| 2024 | -8.98% | -19.41% | 0.43x | 1.06x | TL-145.93 Million |
Industry Comparison
This section compares Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS's net assets metrics with peer companies in the Travel Services industry.
Industry Context
- Industry: Travel Services
- Average net assets among peers: $1,457,755,526
- Average return on equity (ROE) among peers: 33.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (FLAP) | TL965.50 Million | 7.84% | 0.16x | $22.21 Million |
| Gezinomi Seyahat Turizm Ticaret AS (GZNMI) | $31.41 Million | 55.79% | 3.81x | $46.93 Million |
| Net Holding AS (NTHOL) | $2.88 Billion | 10.82% | 0.53x | $152.96 Million |