Girisim Elektrik Taahhut Ticaret & Sanayi AS (GESAN) - Net Assets
Based on the latest financial reports, Girisim Elektrik Taahhut Ticaret & Sanayi AS (GESAN) has net assets worth TL18.24 Billion TRY (≈ $408.48 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 (TL27.86 Billion ≈ $624.03 Million USD) and total liabilities (TL9.62 Billion ≈ $215.55 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. Check Girisim Elektrik Taahhut Ticaret & Sanay liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL18.24 Billion |
| % of Total Assets | 65.46% |
| Annual Growth Rate | 130.93% |
| 5-Year Change | 3896.51% |
| 10-Year Change | N/A |
| Growth Volatility | 127.08 |
Girisim Elektrik Taahhut Ticaret & Sanayi AS - Net Assets Trend (2018–2024)
This chart illustrates how Girisim Elektrik Taahhut Ticaret & Sanayi AS's net assets have evolved over time, based on quarterly financial data. Also explore GESAN total assets for the complete picture of this company's asset base.
Annual Net Assets for Girisim Elektrik Taahhut Ticaret & Sanayi AS (2018–2024)
The table below shows the annual net assets of Girisim Elektrik Taahhut Ticaret & Sanayi AS from 2018 to 2024. For live valuation and market cap data, see GESAN stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL13.62 Billion ≈ $305.13 Million |
+10.49% |
| 2023-12-31 | TL12.33 Billion ≈ $276.15 Million |
+412.41% |
| 2022-12-31 | TL2.41 Billion ≈ $53.89 Million |
+142.05% |
| 2021-12-31 | TL994.09 Million ≈ $22.27 Million |
+191.62% |
| 2020-12-31 | TL340.89 Million ≈ $7.63 Million |
+124.87% |
| 2019-12-31 | TL151.59 Million ≈ $3.40 Million |
+68.94% |
| 2018-12-31 | TL89.73 Million ≈ $2.01 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Girisim Elektrik Taahhut Ticaret & 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 36153.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL4.43 Billion | 45.53% |
| Other Components | TL5.30 Billion | 54.47% |
| Total Equity | TL9.73 Billion | 100.00% |
Girisim Elektrik Taahhut Ticaret & Sanayi AS Competitors by Market Cap
The table below lists competitors of Girisim Elektrik Taahhut Ticaret & Sanayi AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lumibird SA
PA:LBIRD
|
$513.10 Million |
|
Personalis Inc
NASDAQ:PSNL
|
$513.29 Million |
|
Chongqing Mas Sci&Tech
SHE:300275
|
$513.36 Million |
|
Legacy Housing Corp
NASDAQ:LEGH
|
$513.63 Million |
|
Tangel Publishing
SHE:300148
|
$513.03 Million |
|
OPTHEA LTD (SP.ADR/8)
F:UKJ2
|
$512.99 Million |
|
Hangzhou Wensli Silk Culture Co. Ltd.
SHE:301066
|
$512.90 Million |
|
Shandong Longji Machinery Co Ltd
SHE:002363
|
$512.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Girisim Elektrik Taahhut Ticaret & Sanayi AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,970,252,000 to 9,734,944,000, a change of 764,692,000 (8.5%).
- Net income of 1,344,835,000 contributed positively to equity growth.
- New share issuances of 862,662,000 increased equity.
- Other factors decreased equity by 1,442,805,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL1.34 Billion | +13.81% |
| Share Issuances | TL862.66 Million | +8.86% |
| Other Changes | TL-1.44 Billion | -14.82% |
| Total Change | TL- | 8.52% |
Book Value vs Market Value Analysis
This analysis compares Girisim Elektrik Taahhut Ticaret & 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: 2.35x
- 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 77.18x to 2.35x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | TL0.65 | TL49.80 | x |
| 2019-12-31 | TL1.14 | TL49.80 | x |
| 2020-12-31 | TL2.69 | TL49.80 | x |
| 2021-12-31 | TL7.93 | TL49.80 | x |
| 2022-12-31 | TL18.71 | TL49.80 | x |
| 2023-12-31 | TL19.50 | TL49.80 | x |
| 2024-12-31 | TL21.16 | TL49.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Girisim Elektrik Taahhut Ticaret & 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): 13.81%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.86%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 2.22x
- Recent ROE (13.81%) is below the historical average (21.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -9.41% | -1.93% | 0.86x | 5.68x | TL-14.41 Million |
| 2019 | 14.06% | 3.75% | 0.99x | 3.80x | TL5.33 Million |
| 2020 | 65.55% | 23.02% | 1.06x | 2.69x | TL171.73 Million |
| 2021 | 24.17% | 17.90% | 0.60x | 2.25x | TL129.26 Million |
| 2022 | 29.84% | 15.20% | 0.74x | 2.64x | TL426.91 Million |
| 2023 | 11.06% | 6.58% | 0.69x | 2.46x | TL95.09 Million |
| 2024 | 13.81% | 8.86% | 0.70x | 2.22x | TL371.34 Million |
Industry Comparison
This section compares Girisim Elektrik Taahhut Ticaret & Sanayi AS's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $1,547,791,613,848
- Average return on equity (ROE) among peers: 19.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Girisim Elektrik Taahhut Ticaret & Sanayi AS (GESAN) | TL18.24 Billion | -9.41% | 0.53x | $513.08 Million |
| Anel Elektrik Proje Taahhut ve Ticaret AS (ANELE) | $248.46 Million | 10.16% | 1.56x | $285.49 Million |
| Arsan Tekstil Ticaret ve Sanayi AS (ARSAN) | $391.90 Million | 15.24% | 0.64x | $137.34 Million |
| Birlesim Muhendislik Isitma Sogutma Havalandirma Sanayi & Ticaret Sirketi AS (BRLSM) | $149.69 Million | 39.90% | 2.50x | $74.95 Million |
| ENKA Insaat ve Sanayi AS (ENKAI) | $13.93 Trillion | 0.00% | 0.29x | $13.74 Billion |
| Nigbas Nigde Beton Sanayi ve Ticaret AS (NIBAS) | $32.08 Million | 0.00% | 0.53x | $7.14 Million |
| Orge Enerji Elektrik Taahhut AS (ORGE) | $137.13 Million | 37.51% | 0.53x | $151.27 Million |
| Ral Yatirim Holding AS (RALYH) | $383.38 Million | 58.51% | 1.17x | $2.51 Billion |
| Say Yenilenebilir Enerji Ekipmanları Sanayi ve Ticaret Anonim Şirketi (SAYAS) | $20.70 Million | 0.00% | 0.92x | $84.33 Million |
| Yayla Enerji Uretim Turizm ve (YAYLA) | $494.19 Million | 10.05% | 0.09x | $31.84 Million |
About Girisim Elektrik Taahhut Ticaret & Sanayi AS
Girisim Elektrik Sanayi Taahhüt ve Ticaret A.S. operates as an EPC contracting, engineering, sales, and marketing company. The company offers EPC and contracting services for HV and MV substations, electric distribution networks, transmission lines, and thermal, hydroelectrical, wind, solar, geothermal, biomass, and combined cycle natural gas power plants, cogeneration, railways and industrial fa… Read more