Hedef Holdings AS (HEDEF) - Net Assets
Based on the latest financial reports, Hedef Holdings AS (HEDEF) has net assets worth TL2.96 Billion TRY (≈ $66.32 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 (TL4.06 Billion ≈ $90.93 Million USD) and total liabilities (TL1.10 Billion ≈ $24.62 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 Hedef Holdings AS to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL2.96 Billion |
| % of Total Assets | 72.93% |
| Annual Growth Rate | 86.75% |
| 5-Year Change | 665.62% |
| 10-Year Change | N/A |
| Growth Volatility | 71.11 |
Hedef Holdings AS - Net Assets Trend (2018–2024)
This chart illustrates how Hedef Holdings AS's net assets have evolved over time, based on quarterly financial data. See HEDEF defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Hedef Holdings AS (2018–2024)
The table below shows the annual net assets of Hedef Holdings AS from 2018 to 2024. For live valuation and market cap data, see Hedef Holdings AS (HEDEF) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL2.68 Billion ≈ $60.00 Million |
-30.82% |
| 2023-12-31 | TL3.87 Billion ≈ $86.73 Million |
+90.36% |
| 2022-12-31 | TL2.03 Billion ≈ $45.56 Million |
+176.22% |
| 2021-12-31 | TL736.43 Million ≈ $16.49 Million |
+110.48% |
| 2020-12-31 | TL349.88 Million ≈ $7.84 Million |
+185.40% |
| 2019-12-31 | TL122.60 Million ≈ $2.75 Million |
+94.29% |
| 2018-12-31 | TL63.10 Million ≈ $1.41 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Hedef Holdings 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 286.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL137.22 Million | 5.12% |
| Other Components | TL2.54 Billion | 94.88% |
| Total Equity | TL2.68 Billion | 100.00% |
Hedef Holdings AS Competitors by Market Cap
The table below lists competitors of Hedef Holdings AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Caris Life Sciences, Inc. Common Stock
NASDAQ:CAI
|
$5.08 Billion |
|
Turkcell Iletisim Hizmetleri A.S
F:TUL1
|
$5.15 Billion |
|
Protagonist Therapeutics Inc
NASDAQ:PTGX
|
$5.09 Billion |
|
OHB SE
XETRA:OHB
|
$5.09 Billion |
|
CSPC Innovation Pharmaceutical Co Ltd Class A
SHE:300765
|
$5.08 Billion |
|
UNIQA Insurance Group AG
VI:UQA
|
$5.08 Billion |
|
Ningbo Ginlong Technologies Co Ltd Class A
SHE:300763
|
$5.42 Billion |
|
Grupo Comercial Chedraui S.A.B. de C.V
MX:CHDRAUIB
|
$5.08 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hedef Holdings AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,872,118,124 to 2,678,770,826, a change of -1,193,347,298 (-30.8%).
- Net loss of 1,277,309,921 reduced equity.
- New share issuances of 19,049,536 increased equity.
- Other factors increased equity by 64,913,087.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL-1.28 Billion | -47.68% |
| Share Issuances | TL19.05 Million | +0.71% |
| Other Changes | TL64.91 Million | +2.42% |
| Total Change | TL- | -30.82% |
Book Value vs Market Value Analysis
This analysis compares Hedef Holdings 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: 83.99x
- 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 721.69x to 83.99x 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 | TL0.17 | TL120.00 | x |
| 2019-12-31 | TL0.32 | TL120.00 | x |
| 2020-12-31 | TL0.92 | TL120.00 | x |
| 2021-12-31 | TL1.94 | TL120.00 | x |
| 2022-12-31 | TL5.42 | TL120.00 | x |
| 2023-12-31 | TL2.07 | TL120.00 | x |
| 2024-12-31 | TL1.43 | TL120.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hedef Holdings 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): -47.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -631.35%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.19x
- Recent ROE (-47.68%) is below the historical average (13.58%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -14.28% | 0.00% | -0.15x | 1.16x | TL-15.32 Million |
| 2019 | 48.53% | 78.73% | 0.52x | 1.20x | TL47.24 Million |
| 2020 | 64.83% | 80.07% | 0.66x | 1.23x | TL191.84 Million |
| 2021 | 9.76% | 81.09% | 0.11x | 1.12x | TL-1.74 Million |
| 2022 | 63.80% | 81.00% | 0.66x | 1.20x | TL1.09 Billion |
| 2023 | -29.89% | -106.81% | 0.24x | 1.15x | TL-1.54 Billion |
| 2024 | -47.68% | -631.35% | 0.06x | 1.19x | TL-1.55 Billion |
Industry Comparison
This section compares Hedef Holdings AS's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $124,548,622
- Average return on equity (ROE) among peers: 8.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hedef Holdings AS (HEDEF) | TL2.96 Billion | -14.28% | 0.37x | $5.24 Billion |
| Avrupa Yatirim Holding AS (AVHOL) | $14.37 Million | 30.18% | 2.03x | $36.29 Million |
| Avrasya Petrol ve Turistik Tesisler Yatirimlar AS (AVTUR) | $127.14 Million | 25.25% | 0.11x | $17.29 Million |
| Cosmos Yatirim Holding AS (COSMO) | $7.00 Million | 20.25% | 0.01x | $24.59 Million |
| Dagi Yatirim Holding AS (DAGHL) | $45.74 Million | 1.19% | 4.26x | $268.77 Million |
| Denge Yatirim Holding AS (DENGE) | $583.76 Million | 15.63% | 0.93x | $34.07 Million |
| Euro Trend Yatirim Ortakligi AS (ETYAT) | $66.92 Million | -31.05% | 0.14x | $5.51 Million |
| Euro Kapital Yatirim Ortakligi AS (EUKYO) | $23.32 Million | 0.58% | 0.03x | $13.57 Million |
| Euro Menkul Kiymet Yatirim Ortakligi AS (EUYO) | $95.67 Million | -11.21% | 0.05x | $8.37 Million |
| Gelecek Varlik Yonetimi AS (GLCVY) | $267.19 Million | 3.29% | 3.43x | $182.57 Million |
| Guler Yatirim Holding AS (GLRYH) | $14.38 Million | 30.36% | 0.80x | $43.54 Million |
About Hedef Holdings AS
Hedef Holding A.S, an investment company, engages in the investment Business in Turkey. The company offers investment consultancy, portfolio management, and corporate finance services to individual and corporate investors; and brokerage services capital market instruments. It also manage the portfolios of domestic and foreign investment funds, investment partnerships, domestic and foreign private… Read more