Global Menkul Degerler AS (GLBMD) - Net Assets
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 tangible equity quality of Global Menkul Degerler AS to evaluate the tangible quality of the company's equity base.
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. See Global Menkul Degerler AS liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
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 |
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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 |
|---|---|
|
Univastu India Limited
NSE:UNIVASTU
|
$34.68 Million |
|
Prime Oil Chemical Service Corp
TW:2904
|
$34.70 Million |
|
Jack Chia Industries (Thailand) Public Company Limited
BK:JCT
|
$34.71 Million |
|
AfroCentric Investment Corp
JSE:ACT
|
$34.72 Million |
|
Entropy Neurodynamics Limited
AU:ENP
|
$34.64 Million |
|
Century Lithium Corp.
V:LCE
|
$34.61 Million |
|
Drone Volt SA
PA:ALDRV
|
$34.61 Million |
|
Gunpoint Exploration Ltd
V:GUN
|
$34.59 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: 3.15x
- 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 12.15x to 3.15x 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 | TL13.12 | x |
| 2018-12-31 | TL1.17 | TL13.12 | x |
| 2019-12-31 | TL1.20 | TL13.12 | x |
| 2020-12-31 | TL1.72 | TL13.12 | x |
| 2021-12-31 | TL1.61 | TL13.12 | x |
| 2022-12-31 | TL2.90 | TL13.12 | x |
| 2023-12-31 | TL4.06 | TL13.12 | x |
| 2024-12-31 | TL4.16 | TL13.12 | 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: $799,805,354
- Average return on equity (ROE) among peers: 14.05%
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 | $34.67 Million |
| Atlas Menkul Kiymetler Yatirim Ortakligi AS (ATLAS) | $8.51 Million | -1.97% | 0.45x | $11.06 Million |
| Euro Yatirim Holding AS (EUHOL) | $82.69 Million | 8.02% | 5.43x | $39.31 Million |
| Gedik Yatirim Menkul Degerler AS (GEDIK) | $89.87 Million | 12.47% | 2.15x | $301.92 Million |
| Info Yatirim AS (INFO) | $2.98 Billion | 21.27% | 7.90x | $108.41 Million |
| Is Yatirim Menkul Degerler AS (ISMEN) | $261.99 Million | 10.08% | 0.42x | $1.26 Billion |
| Osmanli Menkul Degerler AS (OSMEN) | $44.90 Million | 25.70% | 2.13x | $68.36 Million |
| Oyak Yatirim Menkul Degerler AS (OYYAT) | $858.41 Million | 46.90% | 3.18x | $293.09 Million |
| Tera Yatirim Menkul Degerler A.S. (TERA) | $544.15 Million | -1.04% | 2.40x | $2.58 Billion |
| Unlu Yatirim Holding AS (UNLU) | $2.33 Billion | 5.05% | 0.75x | $50.46 Million |
About Global Menkul Degerler AS
Global Menkul Degerler Anonim Sirketi provides capital market brokerage services to individuals, financial institutions, and local and international investors in Turkey. The company was founded in 1990 and is headquartered in Istanbul, Turkey. Global Menkul Degerler Anonim Sirketi operates as a subsidiary of Global Yatirim Holding A.S.