Gelecek Varlik Yonetimi AS (GLCVY) - Net Assets
Based on the latest financial reports, Gelecek Varlik Yonetimi AS (GLCVY) has net assets worth TL1.01 Billion TRY (≈ $22.68 Million USD) as of September 2022. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL1.54 Billion ≈ $34.56 Million USD) and total liabilities (TL530.35 Million ≈ $11.88 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 Gelecek Varlik Yonetimi AS liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL1.01 Billion |
| % of Total Assets | 65.62% |
| Annual Growth Rate | 41.12% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 17.86 |
Gelecek Varlik Yonetimi AS - Net Assets Trend (2018–2021)
This chart illustrates how Gelecek Varlik Yonetimi AS's net assets have evolved over time, based on quarterly financial data. Also explore Gelecek Varlik Yonetimi AS total assets for the complete picture of this company's asset base.
Annual Net Assets for Gelecek Varlik Yonetimi AS (2018–2021)
The table below shows the annual net assets of Gelecek Varlik Yonetimi AS from 2018 to 2021. For live valuation and market cap data, see market cap of Gelecek Varlik Yonetimi AS.
| Year | Net Assets | Change |
|---|---|---|
| 2021-12-31 | TL751.07 Million ≈ $16.82 Million |
+63.23% |
| 2020-12-31 | TL460.12 Million ≈ $10.31 Million |
+19.59% |
| 2019-12-31 | TL384.74 Million ≈ $8.62 Million |
+44.00% |
| 2018-12-31 | TL267.19 Million ≈ $5.98 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Gelecek Varlik Yonetimi 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 5752.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2021)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL439.19 Million | 58.48% |
| Common Stock | TL139.70 Million | 18.60% |
| Other Components | TL172.18 Million | 22.92% |
| Total Equity | TL751.07 Million | 100.00% |
Gelecek Varlik Yonetimi AS Competitors by Market Cap
The table below lists competitors of Gelecek Varlik Yonetimi AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CANAAN INC SP.ADR CL.A
F:35J
|
$206.07 Million |
|
Diana Shipping Inc.
NYSE:DSX
|
$206.08 Million |
|
Delta Corp Limited
NSE:DELTACORP
|
$206.13 Million |
|
Skue Sparebank
OL:SKUE
|
$206.14 Million |
|
Bakkt Holdings Inc
NYSE:BKKT
|
$206.01 Million |
|
029 GROUP SE INH O.N.
XETRA:Z29
|
$206.00 Million |
|
Mkango Resources Ltd
V:MKA
|
$205.95 Million |
|
Bursa Cimento Fabrikasi AS
IS:BUCIM
|
$205.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gelecek Varlik Yonetimi AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2020 to 2021, total equity changed from 460,122,000 to 751,067,000, a change of 290,945,000 (63.2%).
- Net income of 173,873,000 contributed positively to equity growth.
- Dividend payments of 58,282,000 reduced retained earnings.
- New share issuances of 174,694,000 increased equity.
Equity Change Factors (2020 to 2021)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL173.87 Million | +23.15% |
| Dividends Paid | TL58.28 Million | -7.76% |
| Share Issuances | TL174.69 Million | +23.26% |
| Other Changes | TL660.00K | +0.09% |
| Total Change | TL- | 63.23% |
Book Value vs Market Value Analysis
This analysis compares Gelecek Varlik Yonetimi 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: 12.25x
- 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 623.54x to 12.25x 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 | TL0.11 | TL65.85 | x |
| 2019-12-31 | TL0.15 | TL65.85 | x |
| 2020-12-31 | TL0.18 | TL65.85 | x |
| 2021-12-31 | TL5.38 | TL65.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gelecek Varlik Yonetimi 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): 23.15%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 27.65%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.79x
- Recent ROE (23.15%) is above the historical average (18.95%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 3.29% | 1.23% | 0.61x | 4.43x | TL-17.92 Million |
| 2019 | 27.29% | 16.50% | 0.50x | 3.30x | TL66.54 Million |
| 2020 | 22.08% | 19.84% | 0.43x | 2.61x | TL55.59 Million |
| 2021 | 23.15% | 27.65% | 0.47x | 1.79x | TL98.77 Million |
Industry Comparison
This section compares Gelecek Varlik Yonetimi AS's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $25,301,569
- Average return on equity (ROE) among peers: 0.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gelecek Varlik Yonetimi AS (GLCVY) | TL1.01 Billion | 3.29% | 0.52x | $206.04 Million |
| Avrupa Yatirim Holding AS (AVHOL) | $9.70 Million | -46.30% | 2.79x | $32.52 Million |
| Avrasya Petrol ve Turistik Tesisler Yatirimlar AS (AVTUR) | $2.79 Million | 0.00% | 0.10x | $19.32 Million |
| Cosmos Yatirim Holding AS (COSMO) | $7.00 Million | 20.25% | 0.01x | $31.13 Million |
| Dagi Yatirim Holding AS (DAGHL) | $16.77 Million | 9.20% | 0.02x | $268.77 Million |
| Denge Yatirim Holding AS (DENGE) | $3.74 Million | 0.00% | 0.27x | $33.94 Million |
| Euro Trend Yatirim Ortakligi AS (ETYAT) | $24.68 Million | 2.46% | 0.01x | $3.59 Million |
| Euro Kapital Yatirim Ortakligi AS (EUKYO) | $21.83 Million | 0.50% | 0.00x | $3.36 Million |
| Euro Menkul Kiymet Yatirim Ortakligi AS (EUYO) | $40.36 Million | 8.64% | 0.00x | $2.64 Million |
| Guler Yatirim Holding AS (GLRYH) | $100.86 Million | 10.80% | 0.84x | $53.49 Million |
About Gelecek Varlik Yonetimi AS
Gelecek Varlik Yönetimi AS operates as a financial institution in Turkey. It provides banking, savings deposits insurance fund, loans, other financial institution, and consultancy and intermediary services. The company was incorporated in 2018 and is headquartered in Istanbul, Turkey. Gelecek Varlik Yönetimi Anonim Sirketi is a subsidiary of Fiba Holding Anonim Sirketi.