Hitit Bilgisayar Hizmetleri AS
Hitit Bilgisayar Hizmetleri A.S. provides airline and travel IT and software solutions under the Crane brand in Turkey and internationally. The company offers passenger service system (PSS), a suite of solutions comprising reservation and passenger services, internet booking engine, mobile application, allotment manager, departure control system, weight and balance, baggage reconciliation itinera… Read more
Hitit Bilgisayar Hizmetleri AS (HTTBT) - Net Assets
Latest net assets as of September 2025: TL2.78 Billion TRY
Based on the latest financial reports, Hitit Bilgisayar Hizmetleri AS (HTTBT) has net assets worth TL2.78 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 (TL3.43 Billion) and total liabilities (TL655.34 Million). 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 | TL2.78 Billion |
| % of Total Assets | 80.91% |
| Annual Growth Rate | 90.68% |
| 5-Year Change | 1544.21% |
| 10-Year Change | N/A |
| Growth Volatility | 67.1 |
Hitit Bilgisayar Hizmetleri AS - Net Assets Trend (2019–2024)
This chart illustrates how Hitit Bilgisayar Hizmetleri 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 Hitit Bilgisayar Hizmetleri AS (2019–2024)
The table below shows the annual net assets of Hitit Bilgisayar Hizmetleri AS from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL2.09 Billion | +39.91% |
| 2023-12-31 | TL1.50 Billion | +72.50% |
| 2022-12-31 | TL867.92 Million | +226.13% |
| 2021-12-31 | TL266.13 Million | +108.89% |
| 2020-12-31 | TL127.40 Million | +53.52% |
| 2019-12-31 | TL82.99 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hitit Bilgisayar Hizmetleri 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 465.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL471.03 Million | 22.49% |
| Other Components | TL1.62 Billion | 77.51% |
| Total Equity | TL2.09 Billion | 100.00% |
Hitit Bilgisayar Hizmetleri AS Competitors by Market Cap
The table below lists competitors of Hitit Bilgisayar Hizmetleri AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Spectra Systems Corporation
OTCGREY:SCTQ
|
$84.44 Million |
|
SRINANAPORN MARKETING
BK:SNNP-R
|
$84.46 Million |
|
Bookook Securities Co Ltd
KO:001275
|
$84.47 Million |
|
HUSCOMPAGNIET A/S DK 5
F:HCE
|
$84.49 Million |
|
Banque nationale de Belgique Société anonyme
BR:BNB
|
$84.38 Million |
|
Baiksan
KO:035150
|
$84.37 Million |
|
Delta Asia International Corporation
TWO:6762
|
$84.37 Million |
|
Ample Electronic Technology Co Ltd
TWO:4760
|
$84.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hitit Bilgisayar Hizmetleri AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,497,190,639 to 2,094,766,399, a change of 597,575,760 (39.9%).
- Net income of 276,880,664 contributed positively to equity growth.
- Other factors increased equity by 320,695,096.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL276.88 Million | +13.22% |
| Other Changes | TL320.70 Million | +15.31% |
| Total Change | TL- | 39.91% |
Book Value vs Market Value Analysis
This analysis compares Hitit Bilgisayar Hizmetleri 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: 5.42x
- 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 58.14x to 5.42x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | TL0.65 | TL37.84 | x |
| 2020-12-31 | TL1.00 | TL37.84 | x |
| 2021-12-31 | TL2.09 | TL37.84 | x |
| 2022-12-31 | TL6.81 | TL37.84 | x |
| 2023-12-31 | TL11.74 | TL37.84 | x |
| 2024-12-31 | TL6.98 | TL37.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hitit Bilgisayar Hizmetleri 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): 13.22%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 24.67%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 1.25x
- Recent ROE (13.22%) is below the historical average (15.45%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 37.72% | 33.34% | 0.90x | 1.26x | TL23.00 Million |
| 2020 | 17.43% | 24.96% | 0.50x | 1.40x | TL9.47 Million |
| 2021 | 8.77% | 18.21% | 0.35x | 1.39x | TL-3.26 Million |
| 2022 | 6.75% | 18.82% | 0.31x | 1.17x | TL-28.25 Million |
| 2023 | 8.83% | 21.70% | 0.35x | 1.16x | TL-17.55 Million |
| 2024 | 13.22% | 24.67% | 0.43x | 1.25x | TL67.40 Million |
Industry Comparison
This section compares Hitit Bilgisayar Hizmetleri AS's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $98,387,308
- Average return on equity (ROE) among peers: 29.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hitit Bilgisayar Hizmetleri AS (HTTBT) | TL2.78 Billion | 37.72% | 0.24x | $84.41 Million |
| Forte Bilgi Iletisim Teknologjileri ve Savunma Sanayi A.S. (FORTE) | $72.90 Million | 32.18% | 1.66x | $62.60 Million |
| Uzertas Boya Sanayi Ticaret ve Yatirim A.S. (INTEK) | $8.58 Million | 64.56% | 1.08x | $16.35 Million |
| Kafein Yazilim (KFEIN) | $179.92 Million | 4.11% | 0.67x | $35.62 Million |
| Link Bilgisayar Sistemleri Yazilimi ve Donanimi Sanayi ve Ticaret AS (LINK) | $45.51 Million | 26.59% | 0.13x | $1.38 Million |
| Logo Yazilim Sanayi ve Ticaret AS (LOGO) | $209.28 Million | 24.29% | 0.83x | $231.54 Million |
| Obase Bilgisayar ve Danismanlik Hizmetleri Ticaret A.S. (OBASE) | $74.14 Million | 24.24% | 1.06x | $5.75 Million |