Formet Celik Kapi Sanayi ve Ticaret AS (FORMT) - Net Assets
Based on the latest financial reports, Formet Celik Kapi Sanayi ve Ticaret AS (FORMT) has net assets worth TL1.90 Billion TRY (≈ $42.47 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 (TL2.61 Billion ≈ $58.42 Million USD) and total liabilities (TL712.26 Million ≈ $15.95 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. Read Formet Celik Kapi Sanayi ve Ticaret AS balance sheet liabilities for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL1.90 Billion |
| % of Total Assets | 72.7% |
| Annual Growth Rate | 71.84% |
| 5-Year Change | 1810.84% |
| 10-Year Change | N/A |
| Growth Volatility | 116.12 |
Formet Celik Kapi Sanayi ve Ticaret AS - Net Assets Trend (2017–2024)
This chart illustrates how Formet Celik Kapi Sanayi ve Ticaret AS's net assets have evolved over time, based on quarterly financial data. Also explore FORMT total asset value for the complete picture of this company's asset base.
Annual Net Assets for Formet Celik Kapi Sanayi ve Ticaret AS (2017–2024)
The table below shows the annual net assets of Formet Celik Kapi Sanayi ve Ticaret AS from 2017 to 2024. For live valuation and market cap data, see FORMT market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL1.14 Billion ≈ $25.63 Million |
-14.27% |
| 2023-12-31 | TL1.33 Billion ≈ $29.90 Million |
+216.54% |
| 2022-12-31 | TL421.73 Million ≈ $9.45 Million |
+84.90% |
| 2021-12-31 | TL228.09 Million ≈ $5.11 Million |
+280.84% |
| 2020-12-31 | TL59.89 Million ≈ $1.34 Million |
+3.02% |
| 2019-12-31 | TL58.14 Million ≈ $1.30 Million |
-25.13% |
| 2018-12-31 | TL77.65 Million ≈ $1.74 Million |
+200.28% |
| 2017-12-31 | TL25.86 Million ≈ $579.20K |
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Equity Component Analysis
This analysis shows how different components contribute to Formet Celik Kapi Sanayi 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 decreased by 5463.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | TL1.95 Billion | 170.70% |
| Total Equity | TL1.14 Billion | 100.00% |
Formet Celik Kapi Sanayi ve Ticaret AS Competitors by Market Cap
The table below lists competitors of Formet Celik Kapi Sanayi ve Ticaret AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Prizma Pres Matbaacilik Yayincilik Sanayi ve Ticaret AS
IS:PRZMA
|
$67.76 Million |
|
Senheng New Retail Bhd
KLSE:5305
|
$67.79 Million |
|
Luks Kadife Ticaret ve Sanayi AS
IS:LUKSK
|
$67.79 Million |
|
Velan Inc.
TO:VLN
|
$67.79 Million |
|
NFC Indonesia PT Tbk
JK:NFCX
|
$67.73 Million |
|
Hong Ho Precision Textile Co Ltd
TW:1446
|
$67.68 Million |
|
MCT Bhd
KLSE:5182
|
$67.67 Million |
|
Loop Industries Inc
NASDAQ:LOOP
|
$67.67 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Formet Celik Kapi Sanayi ve Ticaret AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,334,933,818 to 1,144,431,772, a change of -190,502,046 (-14.3%).
- Net loss of 152,438,846 reduced equity.
- Other factors decreased equity by 38,063,200.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL-152.44 Million | -13.32% |
| Other Changes | TL-38.06 Million | -3.33% |
| Total Change | TL- | -14.27% |
Book Value vs Market Value Analysis
This analysis compares Formet Celik Kapi Sanayi 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: 2.11x
- 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 15.99x to 2.11x 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 | TL0.18 | TL2.81 | x |
| 2018-12-31 | TL0.53 | TL2.81 | x |
| 2019-12-31 | TL0.40 | TL2.81 | x |
| 2020-12-31 | TL0.41 | TL2.81 | x |
| 2021-12-31 | TL0.93 | TL2.81 | x |
| 2022-12-31 | TL1.57 | TL2.81 | x |
| 2023-12-31 | TL1.45 | TL2.81 | x |
| 2024-12-31 | TL1.33 | TL2.81 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Formet Celik Kapi Sanayi 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): -13.32%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -22.88%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 1.68x
- Recent ROE (-13.32%) is below the historical average (0.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 37.22% | 11.74% | 0.66x | 4.83x | TL7.04 Million |
| 2018 | 10.38% | 7.84% | 0.63x | 2.09x | TL291.25K |
| 2019 | -31.55% | -22.70% | 0.54x | 2.56x | TL-24.16 Million |
| 2020 | 9.60% | 4.45% | 0.69x | 3.11x | TL-239.48K |
| 2021 | 0.47% | 0.61% | 0.50x | 1.52x | TL-21.75 Million |
| 2022 | -1.06% | -1.53% | 0.41x | 1.67x | TL-46.64 Million |
| 2023 | -9.85% | -17.50% | 0.39x | 1.43x | TL-264.96 Million |
| 2024 | -13.32% | -22.88% | 0.35x | 1.68x | TL-266.88 Million |
Industry Comparison
This section compares Formet Celik Kapi Sanayi ve Ticaret AS's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $3,465,978,268
- Average return on equity (ROE) among peers: 2.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Formet Celik Kapi Sanayi ve Ticaret AS (FORMT) | TL1.90 Billion | 37.22% | 0.38x | $67.74 Million |
| Arcelik AS (ARCLK) | $27.11 Billion | 15.95% | 3.88x | $1.67 Billion |
| Doganlar Mobilya Grubu Imalat Sanayi ve Ticaret AS (DGNMO) | $3.19 Billion | -14.20% | 2.08x | $72.81 Million |
| Gentas Genel Metal Sanayi ve Ticaret AS (GENTS) | $88.80 Million | 0.00% | 0.07x | $141.10 Million |
| Ihlas Ev Aletleri Imalat Sanayi ve Ticaret AS (IHEVA) | $80.73 Million | 7.06% | 0.42x | $17.74 Million |
| Intema Insaat ve Tesisat Malzemeleri Yatirim ve Pazarlama AS (INTEM) | $28.02 Million | 0.00% | 2.94x | $124.80 Million |
| Isbir Holding AS (ISBIR) | $176.32 Million | 16.42% | 1.61x | $60.75 Million |
| Koleksiyon Mobilya Sanayi AS (KLSYN) | $374.91 Million | 0.03% | 1.19x | $120.69 Million |
| Kutahya Porselen Sanayi AS (KUTPO) | $112.39 Million | 0.00% | 0.19x | $88.38 Million |
| Silverline Endustri ve Ticaret AS (SILVR) | $32.42 Million | 0.00% | 0.62x | $19.83 Million |
About Formet Celik Kapi Sanayi ve Ticaret AS
Formet Metal ve Cam Sanayi A.S. engages in the manufacture and sale of steel doors primarily in Turkey. The company also provides steel, aluminum, wood, PVC, plastic, other materials; metal doors and windows, and their parts made of metal; and alloy and other materials, as well as door thresholds, shutters, stairs, banisters, verandas, railings, durable consumer goods, cookers, heaters, and elect… Read more