Garanti Faktoring AS
Garanti Faktoring A.S. provides factoring services to industrial and commercial firms. The company offers financing, cash flow management, guarantee, and collection services in selling goods/services; and supplier financing services in buying goods/services. It serves SMEs, and corporations through supplier and dealer networks in Turkey. The company was formerly known as Garanti Faktoring Hizmetl… Read more
Garanti Faktoring AS (GARFA) - Net Assets
Latest net assets as of June 2025: TL4.13 Billion TRY
Based on the latest financial reports, Garanti Faktoring AS (GARFA) has net assets worth TL4.13 Billion TRY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL25.83 Billion) and total liabilities (TL21.69 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 | TL4.13 Billion |
| % of Total Assets | 16.01% |
| Annual Growth Rate | -29.65% |
| 5-Year Change | 1385.31% |
| 10-Year Change | 1813.87% |
| Growth Volatility | 46.18 |
Garanti Faktoring AS - Net Assets Trend (2000–2024)
This chart illustrates how Garanti Faktoring 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 Garanti Faktoring AS (2000–2024)
The table below shows the annual net assets of Garanti Faktoring AS from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL3.17 Billion | +82.95% |
| 2023-12-31 | TL1.73 Billion | +150.56% |
| 2022-12-31 | TL692.07 Million | +100.54% |
| 2021-12-31 | TL345.11 Million | +61.57% |
| 2020-12-31 | TL213.59 Million | +30.25% |
| 2019-12-31 | TL163.98 Million | +5.43% |
| 2018-12-31 | TL155.54 Million | -26.97% |
| 2017-12-31 | TL212.99 Million | +14.85% |
| 2016-12-31 | TL185.45 Million | +11.88% |
| 2015-12-31 | TL165.76 Million | +18.08% |
| 2014-12-31 | TL140.38 Million | +16.92% |
| 2013-12-31 | TL120.07 Million | +14.34% |
| 2012-12-31 | TL105.01 Million | +24.24% |
| 2011-12-31 | TL84.52 Million | +68.99% |
| 2010-12-31 | TL50.02 Million | -3.38% |
| 2009-12-31 | TL51.77 Million | +24.40% |
| 2008-12-31 | TL41.61 Million | +20.51% |
| 2007-12-31 | TL34.53 Million | +19.86% |
| 2006-12-31 | TL28.81 Million | +18.97% |
| 2005-12-31 | TL24.22 Million | -100.00% |
| 2004-12-31 | TL20.57 Trillion | +16.71% |
| 2003-12-31 | TL17.63 Trillion | +14.27% |
| 2002-12-31 | TL15.43 Trillion | +40.51% |
| 2001-12-31 | TL10.98 Trillion | -25.38% |
| 2000-12-31 | TL14.71 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Garanti Faktoring 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 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL1.44 Billion | 45.33% |
| Other Components | TL1.73 Billion | 54.67% |
| Total Equity | TL3.17 Billion | 100.00% |
Garanti Faktoring AS Competitors by Market Cap
The table below lists competitors of Garanti Faktoring AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DSAQU
PINK:DSAQU
|
$31.82 Million |
|
Valhi Inc
NYSE:VHI
|
$31.83 Million |
|
Miko NV
BR:MIKO
|
$31.84 Million |
|
FNC ADD CULTURE. Co. Ltd
KQ:063440
|
$31.84 Million |
|
All Cosmos Bio-Tech Holding Corp
TW:4148
|
$31.81 Million |
|
Taeyang Metal Industrial Co Ltd
KO:004105
|
$31.81 Million |
|
Direct Selling Acquisition Corp
OTCQX:DSAQ
|
$31.80 Million |
|
Careium AB
ST:CARE
|
$31.79 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Garanti Faktoring AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,734,082,000 to 3,172,470,000, a change of 1,438,388,000 (82.9%).
- Net income of 1,438,088,000 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL1.44 Billion | +45.33% |
| Other Changes | TL300.00K | +0.01% |
| Total Change | TL- | 82.95% |
Book Value vs Market Value Analysis
This analysis compares Garanti Faktoring 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: 3.36x
- 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 10.00x to 3.36x 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 | TL2.68 | TL26.78 | x |
| 2018-12-31 | TL1.96 | TL26.78 | x |
| 2019-12-31 | TL2.06 | TL26.78 | x |
| 2020-12-31 | TL2.69 | TL26.78 | x |
| 2021-12-31 | TL4.34 | TL26.78 | x |
| 2022-12-31 | TL8.71 | TL26.78 | x |
| 2023-12-31 | TL4.36 | TL26.78 | x |
| 2024-12-31 | TL7.98 | TL26.78 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Garanti Faktoring 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): 45.33%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 56.10%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 4.19x
- Recent ROE (45.33%) is above the historical average (19.91%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 27.80% | 19.15% | 0.22x | 6.60x | TL2.62 Trillion |
| 2003 | 12.49% | 15.98% | 0.14x | 5.62x | TL438.68 Billion |
| 2004 | 2.46% | 3.20% | 0.14x | 5.35x | TL-1.55 Trillion |
| 2005 | 11.19% | 13.57% | 0.06x | 14.74x | TL289.30K |
| 2006 | 15.94% | 7.42% | 0.09x | 23.37x | TL1.71 Million |
| 2007 | 16.57% | 10.04% | 0.08x | 21.96x | TL2.27 Million |
| 2008 | 17.02% | 7.09% | 0.13x | 18.01x | TL2.92 Million |
| 2009 | 19.62% | 10.29% | 0.09x | 21.99x | TL4.98 Million |
| 2010 | 8.28% | 3.53% | 0.07x | 31.30x | TL-862.70K |
| 2011 | 40.86% | 22.45% | 0.12x | 15.09x | TL26.08 Million |
| 2012 | 19.48% | 11.61% | 0.09x | 18.62x | TL9.96 Million |
| 2013 | 12.74% | 10.27% | 0.07x | 17.15x | TL3.30 Million |
| 2014 | 14.61% | 10.87% | 0.06x | 21.30x | TL6.48 Million |
| 2015 | 15.34% | 23990.57% | 0.00x | 17.92x | TL8.85 Million |
| 2016 | 10.63% | 14.81% | 0.05x | 15.63x | TL1.17 Million |
| 2017 | 12.96% | 27.90% | 0.03x | 16.21x | TL6.30 Million |
| 2018 | -30.19% | -29.43% | 0.07x | 15.65x | TL-62.51 Million |
| 2019 | 12.20% | 13.55% | 0.07x | 13.43x | TL3.60 Million |
| 2020 | 23.48% | 23.64% | 0.07x | 13.64x | TL28.79 Million |
| 2021 | 38.23% | 46.47% | 0.07x | 12.62x | TL97.43 Million |
| 2022 | 50.68% | 56.10% | 0.06x | 13.97x | TL281.53 Million |
| 2023 | 60.27% | 57.84% | 0.15x | 6.82x | TL871.68 Million |
| 2024 | 45.33% | 56.10% | 0.19x | 4.19x | TL1.12 Billion |
Industry Comparison
This section compares Garanti Faktoring AS's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $2,065,569,172
- Average return on equity (ROE) among peers: 25.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Garanti Faktoring AS (GARFA) | TL4.13 Billion | 27.80% | 5.25x | $31.82 Million |
| Creditwest Faktoring AS (CRDFA) | $44.48 Million | 27.35% | 3.24x | $68.02 Million |
| Is Finansal Kiralama AS (ISFIN) | $475.96 Million | 13.38% | 3.40x | $150.05 Million |
| Katilimevim Tasaruf Finansman A.S. (KTLEV) | $12.46 Billion | 69.20% | 2.81x | $2.25 Billion |
| Lider Faktoring AS (LIDFA) | $132.75 Million | 17.00% | 8.77x | $24.05 Million |
| QNB Finans Finansal Kiralama AS (QNBFL) | $1.04 Billion | 13.56% | 6.55x | $7.20 Million |
| Seker Finansal Kiralama AS (SEKFK) | $281.81 Million | 36.32% | 4.38x | $17.92 Million |
| Vakif Finansal Kiralama AS (VAKFN) | $29.80 Million | 0.00% | 3.93x | $99.87 Million |