Formul Plastik ve Metal Sanayi
Formul Plastik A.S. designs, manufactures, and sells pipes and fittings in Turkey and internationally. The company's products include PP-R pipes, PP-R fittings, PPRCT pipes, PVC pipes, PVC fittings, silent PP pipes, silent PP fittings, PE-RT pipes, and accessories. The company was founded in 1990 and is based in Istanbul, Turkey.
Formul Plastik ve Metal Sanayi (FRMPL) - Net Assets
Latest net assets as of September 2025: TL2.27 Billion TRY
Based on the latest financial reports, Formul Plastik ve Metal Sanayi (FRMPL) has net assets worth TL2.27 Billion TRY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL4.27 Billion) and total liabilities (TL1.99 Billion). 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 | TL2.27 Billion |
| % of Total Assets | 53.26% |
| Annual Growth Rate | 12.03% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 5.13 |
Formul Plastik ve Metal Sanayi - Net Assets Trend (2022–2024)
This chart illustrates how Formul Plastik ve Metal Sanayi's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Formul Plastik ve Metal Sanayi (2022–2024)
The table below shows the annual net assets of Formul Plastik ve Metal Sanayi from 2022 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL2.16 Billion | +7.02% |
| 2023-12-31 | TL2.02 Billion | +17.29% |
| 2022-12-31 | TL1.72 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Formul Plastik ve Metal Sanayi'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 32.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL1.43 Billion | 66.12% |
| Other Components | TL732.16 Million | 33.88% |
| Total Equity | TL2.16 Billion | 100.00% |
Formul Plastik ve Metal Sanayi Competitors by Market Cap
The table below lists competitors of Formul Plastik ve Metal Sanayi ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bokwang Industry Co Ltd
KQ:225530
|
$20.98 Million |
|
Daesung Private Equity Inc
KQ:027830
|
$20.98 Million |
|
Fks Multi Agro Tbk
JK:FISH
|
$20.98 Million |
|
FASOO.COM Co Ltd
KQ:150900
|
$20.98 Million |
|
GAM Holding AG
PINK:GMHLF
|
$20.97 Million |
|
Wintec Co. Ltd
KQ:320000
|
$20.97 Million |
|
P&H Tech Co. Ltd.
KQ:239890
|
$20.96 Million |
|
Enogia SAS
PA:ALENO
|
$20.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Formul Plastik ve Metal Sanayi's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,019,278,707 to 2,161,076,771, a change of 141,798,064 (7.0%).
- Net income of 159,825,895 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL159.83 Million | +7.4% |
| Other Changes | TL-18.03 Million | -0.83% |
| Total Change | TL- | 7.02% |
Book Value vs Market Value Analysis
This analysis compares Formul Plastik ve Metal Sanayi'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: 2.26x
- 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 2.84x to 2.26x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2022-12-31 | TL10.76 | TL30.52 | x |
| 2023-12-31 | TL12.62 | TL30.52 | x |
| 2024-12-31 | TL13.51 | TL30.52 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Formul Plastik ve Metal Sanayi 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): 7.40%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.52%
- • Asset Turnover: 1.00x
- • Equity Multiplier: 1.64x
- Recent ROE (7.40%) is below the historical average (13.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2022 | 17.24% | 7.54% | 1.09x | 2.10x | TL124.65 Million |
| 2023 | 14.63% | 8.46% | 0.99x | 1.75x | TL93.53 Million |
| 2024 | 7.40% | 4.52% | 1.00x | 1.64x | TL-56.28 Million |
Industry Comparison
This section compares Formul Plastik ve Metal Sanayi's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $7,271,771,174,984
- Average return on equity (ROE) among peers: 6.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Formul Plastik ve Metal Sanayi (FRMPL) | TL2.27 Billion | 17.24% | 0.88x | $20.98 Million |
| Afyon Cimento Sanayi TAS (AFYON) | $228.86 Million | 23.60% | 2.45x | $95.95 Million |
| Akcansa Cimento Sanayi ve Ticaret AS (AKCNS) | $3.67 Billion | 41.47% | 1.20x | $229.30 Million |
| Bastas Baskent Cimento Sanayi ve Ticaret AS (BASCM) | $464.37 Million | 5.58% | 0.43x | $8.07 Million |
| Bogazici Beton Sanayi ve Ticaret AS (BOBET) | $370.98 Million | 7.98% | 1.84x | $63.02 Million |
| Batisoke Soke Cimento Sanayi TAS (BSOKE) | $217.16 Million | -7.95% | 2.02x | $1.22 Billion |
| Baticim Bati Anadolu Cimento Sanayi AS (BTCIM) | $425.08 Million | 3.55% | 0.23x | $701.78 Million |
| Bursa Cimento Fabrikasi AS (BUCIM) | $242.77 Million | 0.00% | 0.22x | $120.16 Million |
| Cimsa Cimento Sanayi ve Ticaret AS (CIMSA) | $72.71 Trillion | 0.00% | 0.41x | $487.35 Million |
| Cimbeton Hazirbeton ve Prefabrik Yapi Elemanlari Sanayi ve Ticaret AS (CMBTN) | $31.82 Million | 0.00% | 0.62x | $6.40 Million |
| Cimentas Izmir Cimento Fabrikasi TAS (CMENT) | $1.20 Billion | -6.88% | 0.41x | $22.91 Million |