Frigo-Pak Gida Maddeleri Sanayi ve Ticaret AS (FRIGO) - Net Assets
Based on the latest financial reports, Frigo-Pak Gida Maddeleri Sanayi ve Ticaret AS (FRIGO) has net assets worth TL1.12 Billion TRY (≈ $25.06 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL1.96 Billion ≈ $43.86 Million USD) and total liabilities (TL839.63 Million ≈ $18.81 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. Also explore Frigo-Pak Gida Maddeleri Sanayi ve Ticar asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL1.12 Billion |
| % of Total Assets | 57.13% |
| Annual Growth Rate | 32.52% |
| 5-Year Change | 2457.18% |
| 10-Year Change | 9779.73% |
| Growth Volatility | 98.13 |
Frigo-Pak Gida Maddeleri Sanayi ve Ticaret AS - Net Assets Trend (2007–2023)
This chart illustrates how Frigo-Pak Gida Maddeleri Sanayi ve Ticaret AS's net assets have evolved over time, based on quarterly financial data. Check Frigo-Pak Gida Maddeleri Sanayi ve Ticar tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Frigo-Pak Gida Maddeleri Sanayi ve Ticaret AS (2007–2023)
The table below shows the annual net assets of Frigo-Pak Gida Maddeleri Sanayi ve Ticaret AS from 2007 to 2023. For live valuation and market cap data, see FRIGO company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | TL805.49 Million ≈ $18.04 Million |
+166.18% |
| 2022-12-31 | TL302.61 Million ≈ $6.78 Million |
+32.34% |
| 2021-12-31 | TL228.66 Million ≈ $5.12 Million |
+318.72% |
| 2020-12-31 | TL54.61 Million ≈ $1.22 Million |
+73.37% |
| 2019-12-31 | TL31.50 Million ≈ $705.50K |
+53.46% |
| 2018-12-31 | TL20.53 Million ≈ $459.72K |
+68.08% |
| 2017-12-31 | TL12.21 Million ≈ $273.51K |
+61.19% |
| 2016-12-31 | TL7.58 Million ≈ $169.68K |
-1.70% |
| 2015-12-31 | TL7.71 Million ≈ $172.61K |
-5.47% |
| 2014-12-31 | TL8.15 Million ≈ $182.61K |
+0.63% |
| 2013-12-31 | TL8.10 Million ≈ $181.46K |
-38.93% |
| 2012-12-31 | TL13.27 Million ≈ $297.12K |
+6.98% |
| 2011-12-31 | TL12.40 Million ≈ $277.75K |
+230.78% |
| 2010-12-31 | TL3.75 Million ≈ $83.97K |
-26.40% |
| 2009-12-31 | TL5.09 Million ≈ $114.09K |
+12.95% |
| 2008-12-31 | TL4.51 Million ≈ $101.01K |
-49.34% |
| 2007-12-31 | TL8.90 Million ≈ $199.38K |
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Equity Component Analysis
This analysis shows how different components contribute to Frigo-Pak Gida Maddeleri 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 grown by 19845994800.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL198.46 Million | 24.64% |
| Other Components | TL607.03 Million | 75.36% |
| Total Equity | TL805.49 Million | 100.00% |
Frigo-Pak Gida Maddeleri Sanayi ve Ticaret AS Competitors by Market Cap
The table below lists competitors of Frigo-Pak Gida Maddeleri Sanayi ve Ticaret AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mlk Foods Public Company Ltd
WAR:MLK
|
$13.59 Million |
|
Tae Won Mulsan
KO:001420
|
$13.59 Million |
|
Athena Resources Ltd
AU:AHN
|
$13.60 Million |
|
Izoblok
WAR:IZB
|
$13.60 Million |
|
Pegasus Heights Bhd
KLSE:4464
|
$13.58 Million |
|
Paterson Resources Ltd
AU:PSL
|
$13.58 Million |
|
Klimator AB
ST:KLIMAT
|
$13.58 Million |
|
System1 Inc
NYSE:SST
|
$13.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Frigo-Pak Gida Maddeleri Sanayi ve Ticaret AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 302,614,051 to 805,494,237, a change of 502,880,186 (166.2%).
- Net loss of 75,996,706 reduced equity.
- Other factors increased equity by 578,876,892.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL-76.00 Million | -9.43% |
| Other Changes | TL578.88 Million | +71.87% |
| Total Change | TL- | 166.18% |
Book Value vs Market Value Analysis
This analysis compares Frigo-Pak Gida Maddeleri 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: 0.63x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 7.84x to 0.63x 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 | TL0.28 | TL2.19 | x |
| 2021-12-31 | TL1.87 | TL2.19 | x |
| 2022-12-31 | TL2.47 | TL2.19 | x |
| 2023-12-31 | TL3.50 | TL2.19 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Frigo-Pak Gida Maddeleri 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): -9.43%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.97%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 1.74x
- Recent ROE (-9.43%) is below the historical average (3.26%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -14.32% | -4.60% | 0.78x | 4.00x | TL-1.98 Million |
| 2015 | -47.25% | -12.03% | 0.77x | 5.08x | TL-4.41 Million |
| 2016 | -18.60% | -4.46% | 0.88x | 4.72x | TL-2.17 Million |
| 2017 | 7.11% | 2.45% | 0.82x | 3.53x | TL-353.39K |
| 2018 | 18.08% | 6.53% | 0.81x | 3.43x | TL1.66 Million |
| 2019 | 36.29% | 14.08% | 0.92x | 2.81x | TL8.28 Million |
| 2020 | 32.77% | 16.69% | 0.69x | 2.84x | TL12.44 Million |
| 2021 | 3.14% | 4.47% | 0.39x | 1.81x | TL-15.69 Million |
| 2022 | 24.78% | 18.09% | 0.75x | 1.82x | TL44.71 Million |
| 2023 | -9.43% | -6.97% | 0.78x | 1.74x | TL-156.55 Million |
Industry Comparison
This section compares Frigo-Pak Gida Maddeleri Sanayi ve Ticaret AS's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $488,876,647
- Average return on equity (ROE) among peers: -33.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Frigo-Pak Gida Maddeleri Sanayi ve Ticaret AS (FRIGO) | TL1.12 Billion | -14.32% | 0.75x | $13.59 Million |
| Atakey Patates Gida Sanayi ve Ticaret A.S. (ATAKP) | $1.56 Billion | 59.44% | 0.90x | $157.73 Million |
| AVOD Kurutulmus Gida ve Tarim Urunleri Sanayi Ticaret AS (AVOD) | $90.07 Million | -4.33% | 2.39x | $23.10 Million |
| Banvit Bandirma Vitaminli Yem Sanayi AS (BANVT) | $91.58 Million | -22.53% | 9.80x | $345.45 Million |
| Dardanel Onentas Gida Sanayi AS (DARDL) | $-167.09 Million | 0.00% | 0.00x | $86.11 Million |
| Eksun Gida Tarim Sanayi ve Ticaret A.S. (EKSUN) | $716.53 Million | 9.05% | 2.97x | $80.77 Million |
| ERSU Meyve ve Gida Sanayi AS (ERSU) | $20.71 Million | 0.00% | 0.37x | $18.51 Million |
| Fade Gida Yatirim Sanayi Ticaret As (FADE) | $1.78 Billion | -3.42% | 0.31x | $29.03 Million |
| Goknur Gida Maddeleri Enerji Imalati Ithalat Ihracat Ticaret ve Sanayi A.S. (GOKNR) | $292.84 Million | 23.25% | 3.74x | $179.99 Million |
| Kerevitas Gida Sanayi ve Ticaret AS (KERVT) | $23.74 Million | -358.72% | 26.84x | $212.77 Million |
About Frigo-Pak Gida Maddeleri Sanayi ve Ticaret AS
Frigo-Pak Gida Maddeleri Sanayi ve Ticaret A.S. produces and sells frozen and canned fruit, vegetable juice, fruit juice, fruit and vegetable purees, and tomato pastes in Turkey. It offers mandarin, red grapefruit, apple, orange, cherry, mango, tomato, pineapple, pomegranate, and black grape juices under the Sunpride brand, as well as carbonated beverages, such as soft drinks, colas, and sodas. T… Read more