Gersan Elektrik Ticaret ve Sanayi AS
Gersan Elektrik Ticaret ve Sanayi Anonim Sirketi, together with its subsidiaries, engages in the electrical materials and electrochemical contracting activities in Turkey and Russia. The company offers Power and Lighting busbar systems that are used for buildings and industrial facitlities; hot-dip galvanized, pregalvanized, stainless steel, aluminum, normal type, and heavy duty cable trays for u… Read more
Gersan Elektrik Ticaret ve Sanayi AS (GEREL) - Net Assets
Latest net assets as of September 2025: TL2.77 Billion TRY
Based on the latest financial reports, Gersan Elektrik Ticaret ve Sanayi AS (GEREL) has net assets worth TL2.77 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 (TL4.24 Billion) and total liabilities (TL1.46 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 | TL2.77 Billion |
| % of Total Assets | 65.45% |
| Annual Growth Rate | 23.33% |
| 5-Year Change | 699.7% |
| 10-Year Change | 803.19% |
| Growth Volatility | 40.15 |
Gersan Elektrik Ticaret ve Sanayi AS - Net Assets Trend (2003–2024)
This chart illustrates how Gersan Elektrik Ticaret ve Sanayi 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 Gersan Elektrik Ticaret ve Sanayi AS (2003–2024)
The table below shows the annual net assets of Gersan Elektrik Ticaret ve Sanayi AS from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL880.54 Million | +35.90% |
| 2023-12-31 | TL647.94 Million | +123.00% |
| 2022-12-31 | TL290.56 Million | +119.33% |
| 2021-12-31 | TL132.47 Million | +20.31% |
| 2020-12-31 | TL110.11 Million | +0.90% |
| 2019-12-31 | TL109.13 Million | -29.80% |
| 2018-12-31 | TL155.45 Million | +37.10% |
| 2017-12-31 | TL113.39 Million | +13.19% |
| 2016-12-31 | TL100.17 Million | +2.75% |
| 2015-12-31 | TL97.49 Million | +109.14% |
| 2014-12-31 | TL46.62 Million | +23.00% |
| 2013-12-31 | TL37.90 Million | -9.98% |
| 2012-12-31 | TL42.10 Million | +15.24% |
| 2011-12-31 | TL36.53 Million | +20.24% |
| 2010-12-31 | TL30.38 Million | +55.69% |
| 2009-12-31 | TL19.51 Million | +13.53% |
| 2008-12-31 | TL17.19 Million | +17.41% |
| 2007-12-31 | TL14.64 Million | +4.01% |
| 2006-12-31 | TL14.07 Million | +13.53% |
| 2005-12-31 | TL12.40 Million | -6.31% |
| 2004-12-31 | TL13.23 Million | +22.84% |
| 2003-12-31 | TL10.77 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gersan Elektrik Ticaret ve Sanayi 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 18978.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL146.14 Million | 16.44% |
| Other Components | TL742.99 Million | 83.56% |
| Total Equity | TL889.13 Million | 100.00% |
Gersan Elektrik Ticaret ve Sanayi AS Competitors by Market Cap
The table below lists competitors of Gersan Elektrik Ticaret ve Sanayi AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
RAJAF
OTCQB:RAJAF
|
$168.48 Million |
|
Xxentria Technology Materials Co Ltd
TWO:8942
|
$168.49 Million |
|
Tropicana Corporation Bhd
KLSE:5401
|
$168.53 Million |
|
Ricardo plc
F:RIR
|
$168.54 Million |
|
Energa S.A.
WAR:ENG
|
$168.45 Million |
|
Leong Hup International Berhad
KLSE:6633
|
$168.40 Million |
|
Saniona AB
ST:SANION
|
$168.27 Million |
|
Cuckoo Electronics Co Ltd
KO:192400
|
$168.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gersan Elektrik Ticaret ve Sanayi AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 647,867,952 to 889,131,873, a change of 241,263,921 (37.2%).
- Net income of 252,218,969 contributed positively to equity growth.
- Share repurchases of 667,136,028 reduced equity.
- Other factors increased equity by 656,180,980.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL252.22 Million | +28.37% |
| Share Repurchases | TL667.14 Million | -75.03% |
| Other Changes | TL656.18 Million | +73.8% |
| Total Change | TL- | 37.24% |
Book Value vs Market Value Analysis
This analysis compares Gersan Elektrik Ticaret ve Sanayi 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: 8.03x
- 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 18.28x to 8.03x 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 | TL1.63 | TL29.74 | x |
| 2018-12-31 | TL2.02 | TL29.74 | x |
| 2019-12-31 | TL1.44 | TL29.74 | x |
| 2020-12-31 | TL1.39 | TL29.74 | x |
| 2021-12-31 | TL1.67 | TL29.74 | x |
| 2022-12-31 | TL3.63 | TL29.74 | x |
| 2023-12-31 | TL2.70 | TL29.74 | x |
| 2024-12-31 | TL3.70 | TL29.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gersan Elektrik Ticaret ve Sanayi 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): 28.37%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.61%
- • Asset Turnover: 0.82x
- • Equity Multiplier: 3.61x
- Recent ROE (28.37%) is above the historical average (6.39%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 3.87% | 1.49% | 1.92x | 1.35x | TL-898.00K |
| 2009 | 10.84% | 4.91% | 1.44x | 1.53x | TL165.10K |
| 2014 | 13.43% | 5.86% | 0.80x | 2.85x | TL1.61 Million |
| 2015 | 35.58% | 26.05% | 0.80x | 1.70x | TL25.23 Million |
| 2016 | 4.57% | 2.84% | 0.89x | 1.82x | TL-5.61 Million |
| 2017 | 12.17% | 7.33% | 0.91x | 1.83x | TL2.51 Million |
| 2018 | 2.82% | 1.86% | 0.89x | 1.70x | TL-11.42 Million |
| 2019 | -31.29% | -16.45% | 0.82x | 2.31x | TL-47.22 Million |
| 2020 | 7.64% | 3.34% | 0.83x | 2.75x | TL-2.62 Million |
| 2021 | 5.24% | 1.84% | 0.81x | 3.52x | TL-6.34 Million |
| 2022 | 15.49% | 5.36% | 1.16x | 2.49x | TL15.96 Million |
| 2023 | -25.71% | -7.90% | 1.30x | 2.49x | TL-231.37 Million |
| 2024 | 28.37% | 9.61% | 0.82x | 3.61x | TL163.31 Million |
Industry Comparison
This section compares Gersan Elektrik Ticaret ve Sanayi AS's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $394,482,145
- Average return on equity (ROE) among peers: 15.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gersan Elektrik Ticaret ve Sanayi AS (GEREL) | TL2.77 Billion | 3.87% | 0.53x | $168.46 Million |
| Alves Kablo San As (ALVES) | $651.06 Million | 31.24% | 1.69x | $24.66 Million |
| Astor Enerji AS (ASTOR) | $1.10 Billion | 47.12% | 1.90x | $558.26 Million |
| EKOS (EKOS) | $157.40 Million | 13.05% | 1.77x | $21.38 Million |
| EMEK Elektrik Endustrisi AS (EMKEL) | $57.84 Million | 5.37% | 1.69x | $64.22 Million |
| Europower Enerji ve Otomasyon Teknolojileri Sanayi Ticaret A.S. (EUPWR) | $104.85 Million | 47.42% | 1.27x | $540.12 Million |
| Manas Enerji Yonetimi Sanayi & Ticaret AS (MANAS) | $510.76 Million | 7.71% | 0.67x | $81.89 Million |
| MEGA METAL (MEGMT) | $822.93 Million | 9.93% | 3.33x | $118.73 Million |
| Turk Prysmian Kablo ve Sistemleri AS (PRKAB) | $129.91 Million | 0.00% | 1.09x | $39.28 Million |
| SAN-EL Muhendislik Elektrik Taahhut Sanayi ve Ticaret AS (SANEL) | $17.01 Million | -26.40% | 1.42x | $15.26 Million |