Forte Bilgi Iletisim Teknologjileri ve Savunma Sanayi A.S.
Forte Bilgi Iletisim Teknolojileri ve Savunma Sanayi A.S., together with its subsidiaries, engages in the system integration and software development businesses in Turkey and internationally. It operates through Commercial Activities, Software Activities, Crowdfunding Activities, and Agricultural Activities. The company offers various software, such as factory production management systems, integ… Read more
Forte Bilgi Iletisim Teknologjileri ve Savunma Sanayi A.S. (FORTE) - Net Assets
Latest net assets as of June 2024: TL655.35 Million TRY
Based on the latest financial reports, Forte Bilgi Iletisim Teknologjileri ve Savunma Sanayi A.S. (FORTE) has net assets worth TL655.35 Million TRY as of June 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL1.10 Billion) and total liabilities (TL447.14 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 | TL655.35 Million |
| % of Total Assets | 59.44% |
| Annual Growth Rate | 112.43% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 106.08 |
Forte Bilgi Iletisim Teknologjileri ve Savunma Sanayi A.S. - Net Assets Trend (2020–2023)
This chart illustrates how Forte Bilgi Iletisim Teknologjileri ve Savunma 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 Forte Bilgi Iletisim Teknologjileri ve Savunma Sanayi A.S. (2020–2023)
The table below shows the annual net assets of Forte Bilgi Iletisim Teknologjileri ve Savunma Sanayi A.S. from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | TL592.98 Million | +116.77% |
| 2022-12-31 | TL273.55 Million | +275.24% |
| 2021-12-31 | TL72.90 Million | +17.66% |
| 2020-12-31 | TL61.96 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Forte Bilgi Iletisim Teknologjileri ve Savunma 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 51.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL75.82 Million | 12.79% |
| Other Components | TL517.16 Million | 87.21% |
| Total Equity | TL592.98 Million | 100.00% |
Forte Bilgi Iletisim Teknologjileri ve Savunma Sanayi A.S. Competitors by Market Cap
The table below lists competitors of Forte Bilgi Iletisim Teknologjileri ve Savunma Sanayi A.S. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Casa de Bolsa Finamex S.A.B. de C.V
MX:FINAMEXO
|
$62.64 Million |
|
Advero Properties SOCIMI S.A.
MC:YADV
|
$62.64 Million |
|
Cemtas Celik Makina Sanayi ve Ticaret AS
IS:CEMTS
|
$62.64 Million |
|
Kingwaytek Technology Co Ltd
TWO:6516
|
$62.64 Million |
|
BCnC Co. Ltd.
KQ:146320
|
$62.58 Million |
|
Northern Technologies
NASDAQ:NTIC
|
$62.58 Million |
|
Tumosan Motor ve Traktor Sanayi AS
IS:TMSN
|
$62.58 Million |
|
One Point One Solutions Limited
NSE:ONEPOINT
|
$62.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Forte Bilgi Iletisim Teknologjileri ve Savunma Sanayi A.S.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 273,550,758 to 592,980,352, a change of 319,429,594 (116.8%).
- Net income of 8,445,008 contributed positively to equity growth.
- Dividend payments of 39,067,910 reduced retained earnings.
- New share issuances of 350,210,792 increased equity.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL8.45 Million | +1.42% |
| Dividends Paid | TL39.07 Million | -6.59% |
| Share Issuances | TL350.21 Million | +59.06% |
| Other Changes | TL-158.30K | -0.03% |
| Total Change | TL- | 116.77% |
Book Value vs Market Value Analysis
This analysis compares Forte Bilgi Iletisim Teknologjileri ve Savunma 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: 11.40x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 128.33x to 11.40x 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 | TL0.79 | TL100.90 | x |
| 2021-12-31 | TL1.09 | TL100.90 | x |
| 2022-12-31 | TL4.08 | TL100.90 | x |
| 2023-12-31 | TL8.85 | TL100.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Forte Bilgi Iletisim Teknologjileri ve Savunma 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): 1.42%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.27%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 1.56x
- Recent ROE (1.42%) is below the historical average (28.30%), 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 | 59.41% | 15.32% | 1.04x | 3.71x | TL26.03 Million |
| 2021 | 32.18% | 10.89% | 1.11x | 2.66x | TL16.17 Million |
| 2022 | 20.21% | 8.07% | 0.98x | 2.55x | TL27.92 Million |
| 2023 | 1.42% | 1.27% | 0.72x | 1.56x | TL-50.85 Million |
Industry Comparison
This section compares Forte Bilgi Iletisim Teknologjileri ve Savunma Sanayi A.S.'s net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $100,068,408
- Average return on equity (ROE) among peers: 30.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Forte Bilgi Iletisim Teknologjileri ve Savunma Sanayi A.S. (FORTE) | TL655.35 Million | 59.41% | 0.68x | $62.60 Million |
| Hitit Bilgisayar Hizmetleri AS (HTTBT) | $82.99 Million | 37.72% | 0.26x | $84.41 Million |
| Uzertas Boya Sanayi Ticaret ve Yatirim A.S. (INTEK) | $8.58 Million | 64.56% | 1.08x | $16.35 Million |
| Kafein Yazilim (KFEIN) | $179.92 Million | 4.11% | 0.67x | $35.62 Million |
| Link Bilgisayar Sistemleri Yazilimi ve Donanimi Sanayi ve Ticaret AS (LINK) | $45.51 Million | 26.59% | 0.13x | $1.38 Million |
| Logo Yazilim Sanayi ve Ticaret AS (LOGO) | $209.28 Million | 24.29% | 0.83x | $231.54 Million |
| Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret A.S. (OBASE) | $74.14 Million | 24.24% | 1.06x | $5.75 Million |