Hedef Girisim Sermayesi (HDFGS) - Net Assets
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 HDFGS asset resilience ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore HDFGS asset base for the complete picture of this company's asset base.
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 |
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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 |
|---|---|
|
Petrovietnam Low Pressure Gas Distribution JSC
VN:PGD
|
$87.83 Million |
|
SensorView Co Ltd
KQ:321370
|
$87.83 Million |
|
VIVANI MED.INC. NEW O.N.
F:U5P
|
$87.85 Million |
|
Fenerbahce Futbol AS
IS:FENER
|
$87.91 Million |
|
SRV YHTIOET OYJ
F:B7J1
|
$87.79 Million |
|
Nongwoobio Co. Ltd
KQ:054050
|
$87.78 Million |
|
Autocount Dotcom Berhad
KLSE:0276
|
$87.76 Million |
|
IFB Agro Industries Limited
NSE:IFBAGRO
|
$87.76 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: 1.12x
- 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 6.09x to 1.12x 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 | TL3.47 | x |
| 2018-12-31 | TL0.45 | TL3.47 | x |
| 2019-12-31 | TL0.58 | TL3.47 | x |
| 2020-12-31 | TL1.70 | TL3.47 | x |
| 2021-12-31 | TL1.90 | TL3.47 | x |
| 2022-12-31 | TL3.62 | TL3.47 | x |
| 2023-12-31 | TL3.53 | TL3.47 | x |
| 2024-12-31 | TL3.10 | TL3.47 | 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: $150,246,930
- Average return on equity (ROE) among peers: -15.44%
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 | $87.82 Million |
| Avrupa Yatirim Holding AS (AVHOL) | $201.11 Million | 3.23% | 0.44x | $32.52 Million |
| Avrasya Petrol ve Turistik Tesisler Yatirimlar AS (AVTUR) | $859.08 Million | 0.65% | 0.18x | $19.32 Million |
| Cosmos Yatirim Holding AS (COSMO) | $48.40 Million | -9.27% | 2.48x | $31.13 Million |
| Dagi Yatirim Holding AS (DAGHL) | $9.92 Million | 7.55% | 0.01x | $268.77 Million |
| Denge Yatirim Holding AS (DENGE) | $29.92 Million | -180.45% | 0.76x | $33.94 Million |
| Euro Trend Yatirim Ortakligi AS (ETYAT) | $24.49 Million | 7.77% | 0.03x | $3.59 Million |
| Euro Kapital Yatirim Ortakligi AS (EUKYO) | $24.60 Million | 5.38% | 0.02x | $3.36 Million |
| Euro Menkul Kiymet Yatirim Ortakligi AS (EUYO) | $25.33 Million | 7.46% | 0.02x | $2.64 Million |
| Gelecek Varlik Yonetimi AS (GLCVY) | $267.19 Million | 3.29% | 3.43x | $206.04 Million |
| Guler Yatirim Holding AS (GLRYH) | $12.44 Million | 0.00% | 0.15x | $53.49 Million |
About Hedef Girisim Sermayesi
Hedef Girisim Sermayesi Yatirim Ortakligi A.S. is a venture capital and private equity firm specializing in seed/startup, middle market in growth capital companies. It prefers to invest in materials, industrials, consumer discretionary, financials, capital markets, insurance, information technology, communication services, SaaS, real sector, fintech, software, gaming, real estate, agriculture and… Read more