Global Menkul Degerler AS (GLBMD) - Net Assets

Latest as of September 2025: TL574.79 Million TRY ≈ $12.87 Million USD

Based on the latest financial reports, Global Menkul Degerler AS (GLBMD) has net assets worth TL574.79 Million TRY (≈ $12.87 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 (TL2.74 Billion ≈ $61.31 Million USD) and total liabilities (TL2.16 Billion ≈ $48.44 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 Global Menkul Degerler AS liquidity resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	TL574.79 Million
% of Total Assets	21.0%
Annual Growth Rate	19.71%
5-Year Change	613.33%
10-Year Change	991.3%
Growth Volatility	79.09

Global Menkul Degerler AS - Net Assets Trend (2009–2024)

This chart illustrates how Global Menkul Degerler AS's net assets have evolved over time, based on quarterly financial data. Also explore Global Menkul Degerler AS assets under control for the complete picture of this company's asset base.

Annual Net Assets for Global Menkul Degerler AS (2009–2024)

The table below shows the annual net assets of Global Menkul Degerler AS from 2009 to 2024. For live valuation and market cap data, see Global Menkul Degerler AS market capitalisation.

Year	Net Assets	Change
2024-12-31	TL490.95 Million ≈ $11.00 Million	+2.58%
2023-12-31	TL478.60 Million ≈ $10.72 Million	+312.98%
2022-12-31	TL115.89 Million ≈ $2.60 Million	+79.96%
2021-12-31	TL64.40 Million ≈ $1.44 Million	-6.43%
2020-12-31	TL68.82 Million ≈ $1.54 Million	+42.98%
2019-12-31	TL48.14 Million ≈ $1.08 Million	+2.54%
2018-12-31	TL46.94 Million ≈ $1.05 Million	+8.69%
2017-12-31	TL43.19 Million ≈ $967.31K	+15.89%
2016-12-31	TL37.27 Million ≈ $834.66K	-17.16%
2015-12-31	TL44.99 Million ≈ $1.01 Million	-11.15%
2014-12-31	TL50.63 Million ≈ $1.13 Million	-1.80%
2013-12-31	TL51.56 Million ≈ $1.15 Million	-0.78%
2012-12-31	TL51.97 Million ≈ $1.16 Million	-1.38%
2011-12-31	TL52.69 Million ≈ $1.18 Million	+47.97%
2010-12-31	TL35.61 Million ≈ $797.55K	+7.75%
2009-12-31	TL33.05 Million ≈ $740.19K	--

Equity Component Analysis

This analysis shows how different components contribute to Global Menkul Degerler 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 15920.9% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Other Components	TL890.74 Million	181.43%
Total Equity	TL490.95 Million	100.00%

Global Menkul Degerler AS Competitors by Market Cap

The table below lists competitors of Global Menkul Degerler AS ranked by their market capitalization.

Company	Market Cap
Vintcom Technology PCL BK:VCOM	$31.77 Million
nTels Co. Ltd KQ:069410	$31.79 Million
Rotork PLC LSE:ROR	$31.80 Million
Brookside Energy Limited F:8F3	$31.81 Million
Korea SPAC 2 KQ:206400	$31.75 Million
Asahi Songwon Colors Limited NSE:ASAHISONG	$31.75 Million
Carnavale Resources Ltd AU:CAV	$31.73 Million
Foamit Oyj HE:FOAMIT	$31.72 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Global Menkul Degerler AS's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 478,600,504 to 490,948,032, a change of 12,347,528 (2.6%).
Net income of 13,370,947 contributed positively to equity growth.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	TL13.37 Million	+2.72%
Other Changes	TL-1.02 Million	-0.21%
Total Change	TL-	2.58%

Book Value vs Market Value Analysis

This analysis compares Global Menkul Degerler 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: 2.89x
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 11.13x to 2.89x 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	TL1.08	TL12.02	x
2018-12-31	TL1.17	TL12.02	x
2019-12-31	TL1.20	TL12.02	x
2020-12-31	TL1.72	TL12.02	x
2021-12-31	TL1.61	TL12.02	x
2022-12-31	TL2.90	TL12.02	x
2023-12-31	TL4.06	TL12.02	x
2024-12-31	TL4.16	TL12.02	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Global Menkul Degerler 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): 2.72%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.06%
• Asset Turnover: 8.87x
• Equity Multiplier: 4.84x
Recent ROE (2.72%) is below the historical average (9.54%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2011	4.45%	0.03%	90.14x	1.63x	TL-2.92 Million
2012	1.72%	0.01%	87.99x	2.13x	TL-4.30 Million
2014	-1.30%	-0.01%	61.05x	2.58x	TL-5.72 Million
2015	-9.59%	-0.04%	80.32x	2.78x	TL-8.81 Million
2016	-20.67%	-0.10%	68.24x	2.97x	TL-11.43 Million
2017	11.82%	0.06%	67.17x	2.89x	TL784.94K
2018	8.09%	0.05%	43.41x	3.78x	TL-894.54K
2019	3.76%	0.02%	24.29x	6.34x	TL-3.00 Million
2020	30.45%	0.19%	25.80x	6.07x	TL14.07 Million
2021	4.34%	0.03%	13.69x	9.39x	TL-3.64 Million
2022	46.60%	0.45%	9.53x	10.93x	TL42.42 Million
2023	41.57%	0.72%	10.23x	5.61x	TL151.07 Million
2024	2.72%	0.06%	8.87x	4.84x	TL-35.72 Million

Industry Comparison

This section compares Global Menkul Degerler AS's net assets metrics with peer companies in the Capital Markets industry.

Industry Context

Industry: Capital Markets
Average net assets among peers: $497,752,604
Average return on equity (ROE) among peers: 11.28%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Global Menkul Degerler AS (GLBMD)	TL574.79 Million	4.45%	3.76x	$31.77 Million
Atlas Menkul Kiymetler Yatirim Ortakligi AS (ATLAS)	$4.45 Million	17.51%	0.05x	$12.93 Million
Euro Yatirim Holding AS (EUHOL)	$54.40 Million	-17.76%	8.89x	$42.33 Million
Gedik Yatirim Menkul Degerler AS (GEDIK)	$342.07 Million	49.31%	6.45x	$254.43 Million
Info Yatirim AS (INFO)	$22.97 Million	0.00%	0.41x	$78.08 Million
Is Yatirim Menkul Degerler AS (ISMEN)	$975.79 Million	16.09%	6.86x	$1.45 Billion
Osmanli Menkul Degerler AS (OSMEN)	$2.40 Million	0.00%	3.83x	$69.70 Million
Oyak Yatirim Menkul Degerler AS (OYYAT)	$205.82 Million	32.37%	3.80x	$369.89 Million
Tera Yatirim Menkul Degerler A.S. (TERA)	$544.15 Million	-1.04%	2.40x	$3.78 Billion
Unlu Yatirim Holding AS (UNLU)	$2.33 Billion	5.05%	0.75x	$54.87 Million

About Global Menkul Degerler AS

IS:GLBMD Turkey Capital Markets

Market Cap

$31.77 Million

TL1.42 Billion TRY

Market Cap Rank

#23524 Global

#422 in Turkey

Share Price

TL12.02

Change (1 day)

+0.00%

52-Week Range

TL9.93 - TL15.91

All Time High

TL16.98