Hedef Girisim Sermayesi (HDFGS) - Net Assets

Latest as of June 2025: TL2.70 Billion TRY ≈ $60.51 Million USD

Based on the latest financial reports, Hedef Girisim Sermayesi (HDFGS) has net assets worth TL2.70 Billion TRY (≈ $60.51 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL2.71 Billion ≈ $60.64 Million USD) and total liabilities (TL5.64 Million ≈ $126.38K 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 Hedef Girisim Sermayesi to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	TL2.70 Billion
% of Total Assets	99.79%
Annual Growth Rate	61.05%
5-Year Change	442.89%
10-Year Change	6697.39%
Growth Volatility	73.14

Hedef Girisim Sermayesi - Net Assets Trend (2012–2024)

This chart illustrates how Hedef Girisim Sermayesi's net assets have evolved over time, based on quarterly financial data. See Hedef Girisim Sermayesi defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Hedef Girisim Sermayesi (2012–2024)

The table below shows the annual net assets of Hedef Girisim Sermayesi from 2012 to 2024. For live valuation and market cap data, see market cap of Hedef Girisim Sermayesi.

Year	Net Assets	Change
2024-12-31	TL2.14 Billion ≈ $47.87 Million	-12.12%
2023-12-31	TL2.43 Billion ≈ $54.47 Million	+106.74%
2022-12-31	TL1.18 Billion ≈ $26.35 Million	+129.84%
2021-12-31	TL511.78 Million ≈ $11.46 Million	+30.01%
2020-12-31	TL393.65 Million ≈ $8.82 Million	+193.57%
2019-12-31	TL134.09 Million ≈ $3.00 Million	+29.53%
2018-12-31	TL103.52 Million ≈ $2.32 Million	+47.44%
2017-12-31	TL70.22 Million ≈ $1.57 Million	+115.62%
2016-12-31	TL32.56 Million ≈ $729.37K	+3.58%
2015-12-31	TL31.44 Million ≈ $704.17K	+30.42%
2014-12-31	TL24.11 Million ≈ $539.93K	+8.00%
2013-12-31	TL22.32 Million ≈ $499.96K	+217.98%
2012-12-31	TL7.02 Million ≈ $157.23K	--

Equity Component Analysis

This analysis shows how different components contribute to Hedef Girisim Sermayesi'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 25964.4% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Other Components	TL2.37 Billion	110.67%
Total Equity	TL2.14 Billion	100.00%

Hedef Girisim Sermayesi Competitors by Market Cap

The table below lists competitors of Hedef Girisim Sermayesi ranked by their market capitalization.

Company	Market Cap
NSTS Bancorp Inc NASDAQ:NSTS	$66.36 Million
Territorial Bancorp Inc NASDAQ:TBNK	$66.37 Million
eXoZymes, Inc. NASDAQ:EXOZ	$66.39 Million
RMS Mezzanine A.S. PR:PVT	$66.41 Million
Tainet Communication System TWO:4905	$66.28 Million
Data Communications Management Ltd TO:DCM	$66.27 Million
Sunshine Metals Ltd AU:SHN	$66.25 Million
IT City Public Company Limited BK:IT	$66.24 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Hedef Girisim Sermayesi's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 2,431,795,845 to 2,137,080,618, a change of -294,715,227 (-12.1%).
Net loss of 294,714,057 reduced equity.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	TL-294.71 Million	-13.79%
Other Changes	TL-1.17K	-0.0%
Total Change	TL-	-12.12%

Book Value vs Market Value Analysis

This analysis compares Hedef Girisim Sermayesi'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: 0.84x
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 4.60x to 0.84x 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	TL0.57	TL2.62	x
2018-12-31	TL0.45	TL2.62	x
2019-12-31	TL0.58	TL2.62	x
2020-12-31	TL1.70	TL2.62	x
2021-12-31	TL1.90	TL2.62	x
2022-12-31	TL3.62	TL2.62	x
2023-12-31	TL3.53	TL2.62	x
2024-12-31	TL3.10	TL2.62	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Hedef Girisim Sermayesi 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): -13.79%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -66.04%
• Asset Turnover: 0.21x
• Equity Multiplier: 1.00x
Recent ROE (-13.79%) is below the historical average (18.40%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2014	5.26%	10.51%	0.33x	1.50x	TL-1.14 Million
2015	24.08%	16.86%	1.43x	1.00x	TL4.43 Million
2016	4.68%	4.26%	1.10x	1.00x	TL-1.73 Million
2017	54.09%	46.51%	1.16x	1.00x	TL30.96 Million
2018	1.64%	7.02%	0.23x	1.00x	TL-8.66 Million
2019	22.80%	89.66%	0.25x	1.01x	TL17.16 Million
2020	65.93%	469.18%	0.14x	1.00x	TL220.18 Million
2021	3.85%	103.86%	0.04x	1.00x	TL-31.47 Million
2022	52.95%	99.26%	0.53x	1.00x	TL505.15 Million
2023	-19.07%	-73.31%	0.26x	1.00x	TL-707.00 Million
2024	-13.79%	-66.04%	0.21x	1.00x	TL-508.42 Million

Industry Comparison

This section compares Hedef Girisim Sermayesi's net assets metrics with peer companies in the Asset Management industry.

Industry Context

Industry: Asset Management
Average net assets among peers: $62,853,205
Average return on equity (ROE) among peers: 3.32%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Hedef Girisim Sermayesi (HDFGS)	TL2.70 Billion	5.26%	0.00x	$66.31 Million
Avrupa Yatirim Holding AS (AVHOL)	$82.79 Million	3.07%	0.31x	$36.13 Million
Avrasya Petrol ve Turistik Tesisler Yatirimlar AS (AVTUR)	$78.18 Million	11.07%	0.22x	$17.75 Million
Cosmos Yatirim Holding AS (COSMO)	$3.64 Million	18.98%	0.00x	$24.50 Million
Dagi Yatirim Holding AS (DAGHL)	$45.74 Million	1.19%	4.26x	$268.77 Million
Denge Yatirim Holding AS (DENGE)	$20.59 Million	0.00%	0.26x	$33.27 Million
Euro Trend Yatirim Ortakligi AS (ETYAT)	$30.87 Million	27.00%	0.01x	$5.60 Million
Euro Kapital Yatirim Ortakligi AS (EUKYO)	$84.81 Million	-31.38%	0.05x	$13.77 Million
Euro Menkul Kiymet Yatirim Ortakligi AS (EUYO)	$10.01 Million	0.00%	0.01x	$8.18 Million
Gelecek Varlik Yonetimi AS (GLCVY)	$267.19 Million	3.29%	3.43x	$187.42 Million
Guler Yatirim Holding AS (GLRYH)	$4.72 Million	0.00%	0.58x	$44.08 Million

About Hedef Girisim Sermayesi

IS:HDFGS Turkey Asset Management

Market Cap

$66.31 Million

TL2.96 Billion TRY

Market Cap Rank

#20881 Global

#340 in Turkey

Share Price

TL2.62

Change (1 day)

+0.77%

52-Week Range

TL1.26 - TL6.03

All Time High

TL6.03