GSD Denizcilik Gayrimenkul Insaat Sanayi ve Ticaret AS
GSD Denizcilik Gayrimenkul Insaat Sanayi ve Ticaret A.S. engages in maritime sector activities. It operates dry cargo transportation services. The company was formerly known as Tekstil Finansal Kiralama Anonim Sirketi and changed its name to GSD Denizcilik Gayrimenkul Insaat Sanayi ve Ticaret A.S. in August 2011. The company was founded in 1992 and is based in Istanbul, Turkey. GSD Denizcilik Gay… Read more
GSD Denizcilik Gayrimenkul Insaat Sanayi ve Ticaret AS (GSDDE) - Net Assets
Latest net assets as of September 2025: TL2.63 Billion TRY
Based on the latest financial reports, GSD Denizcilik Gayrimenkul Insaat Sanayi ve Ticaret AS (GSDDE) has net assets worth TL2.63 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 (TL4.54 Billion) and total liabilities (TL1.92 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 | TL2.63 Billion |
| % of Total Assets | 57.85% |
| Annual Growth Rate | 25.79% |
| 5-Year Change | 1184.39% |
| 10-Year Change | 2152.9% |
| Growth Volatility | 58.69 |
GSD Denizcilik Gayrimenkul Insaat Sanayi ve Ticaret AS - Net Assets Trend (2004–2024)
This chart illustrates how GSD Denizcilik Gayrimenkul Insaat Sanayi ve Ticaret 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 GSD Denizcilik Gayrimenkul Insaat Sanayi ve Ticaret AS (2004–2024)
The table below shows the annual net assets of GSD Denizcilik Gayrimenkul Insaat Sanayi ve Ticaret AS from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL2.22 Billion | -8.36% |
| 2023-12-31 | TL2.43 Billion | +131.96% |
| 2022-12-31 | TL1.05 Billion | +73.22% |
| 2021-12-31 | TL603.66 Million | +248.83% |
| 2020-12-31 | TL173.05 Million | +23.20% |
| 2019-12-31 | TL140.46 Million | +7.59% |
| 2018-12-31 | TL130.55 Million | +41.58% |
| 2017-12-31 | TL92.21 Million | -4.29% |
| 2016-12-31 | TL96.34 Million | -2.35% |
| 2015-12-31 | TL98.66 Million | +1.20% |
| 2014-12-31 | TL97.48 Million | +46.55% |
| 2013-12-31 | TL66.52 Million | +4.90% |
| 2012-12-31 | TL63.41 Million | +2.32% |
| 2011-12-31 | TL61.97 Million | +5.52% |
| 2010-12-31 | TL58.73 Million | +9.45% |
| 2009-12-31 | TL53.66 Million | +38.48% |
| 2008-12-31 | TL38.75 Million | +21.06% |
| 2007-12-31 | TL32.01 Million | +15.36% |
| 2006-12-31 | TL27.75 Million | +16.94% |
| 2005-12-31 | TL23.73 Million | +5.09% |
| 2004-12-31 | TL22.58 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to GSD Denizcilik Gayrimenkul Insaat Sanayi ve Ticaret 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 178790.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | TL3.76 Billion | 168.98% |
| Total Equity | TL2.22 Billion | 100.00% |
GSD Denizcilik Gayrimenkul Insaat Sanayi ve Ticaret AS Competitors by Market Cap
The table below lists competitors of GSD Denizcilik Gayrimenkul Insaat Sanayi ve Ticaret AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mitra Energi Persada Tbk PT
JK:KOPI
|
$760.20K |
|
CYCLIQ Group Ltd
AU:CYQ
|
$760.37K |
|
HYPOPORT N - Dusseldorf Stock Exchang
DU:HYQ
|
$760.39K |
|
NEDAP (NE3.SG)
STU:NE3
|
$760.46K |
|
S.A.F. Special Steel PCL
BK:SAF
|
$759.58K |
|
Lavoro Limited Class A Ordinary Shares
NASDAQ:LVRO
|
$759.35K |
|
NATL FUEL GAS CO (NFG.SG)
STU:NFG
|
$759.11K |
|
PRINCIPAL FINANCIAL
BE:PG4
|
$759.00K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GSD Denizcilik Gayrimenkul Insaat Sanayi ve Ticaret AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,425,449,000 to 2,222,644,000, a change of -202,805,000 (-8.4%).
- Net loss of 34,559,000 reduced equity.
- Other factors decreased equity by 168,246,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL-34.56 Million | -1.55% |
| Other Changes | TL-168.25 Million | -7.57% |
| Total Change | TL- | -8.36% |
Book Value vs Market Value Analysis
This analysis compares GSD Denizcilik Gayrimenkul Insaat Sanayi ve Ticaret 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: 0.68x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 5.42x to 0.68x 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 | TL1.87 | TL10.13 | x |
| 2018-12-31 | TL2.68 | TL10.13 | x |
| 2019-12-31 | TL2.88 | TL10.13 | x |
| 2020-12-31 | TL3.32 | TL10.13 | x |
| 2021-12-31 | TL4.02 | TL10.13 | x |
| 2022-12-31 | TL6.97 | TL10.13 | x |
| 2023-12-31 | TL16.17 | TL10.13 | x |
| 2024-12-31 | TL14.82 | TL10.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GSD Denizcilik Gayrimenkul Insaat Sanayi ve Ticaret 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): -1.55%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.28%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 1.38x
- Recent ROE (-1.55%) is above the historical average (-1.98%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 5.62% | 50.22% | 0.09x | 1.24x | TL-2.71 Million |
| 2012 | 2.04% | 29.02% | 0.07x | 1.02x | TL-5.05 Million |
| 2014 | -8.77% | -38.88% | 0.08x | 2.76x | TL-18.30 Million |
| 2015 | -15.43% | -48.15% | 0.11x | 3.05x | TL-25.08 Million |
| 2016 | -29.42% | -85.27% | 0.09x | 3.76x | TL-37.98 Million |
| 2017 | -16.85% | -26.14% | 0.16x | 4.14x | TL-24.76 Million |
| 2018 | 27.23% | 46.77% | 0.26x | 2.27x | TL22.49 Million |
| 2019 | -4.09% | -13.92% | 0.17x | 1.77x | TL-19.79 Million |
| 2020 | -9.90% | -38.44% | 0.15x | 1.70x | TL-34.44 Million |
| 2021 | 23.07% | 77.96% | 0.21x | 1.44x | TL78.88 Million |
| 2022 | 20.48% | 69.17% | 0.22x | 1.35x | TL109.62 Million |
| 2023 | -18.15% | -117.57% | 0.12x | 1.30x | TL-682.88 Million |
| 2024 | -1.55% | -6.28% | 0.18x | 1.38x | TL-256.82 Million |
Industry Comparison
This section compares GSD Denizcilik Gayrimenkul Insaat Sanayi ve Ticaret AS's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $286,055,895
- Average return on equity (ROE) among peers: 24.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GSD Denizcilik Gayrimenkul Insaat Sanayi ve Ticaret AS (GSDDE) | TL2.63 Billion | 5.62% | 0.73x | $760.13K |
| Ege Gubre Sanayi AS (EGGUB) | $221.76 Million | 20.43% | 1.52x | $140.15 Million |
| GSD Holding AS (GSDHO) | $496.87 Million | 9.27% | 5.57x | $73.06 Million |
| Trabzon Liman Isletmeciligi A.S. (TLMAN) | $139.54 Million | 44.17% | 0.35x | $13.81 Million |