Ihlas Gazetecilik AS
Ihlas Gazetecilik A.S. publishes, sells, distributes, and markets newspapers, books, encyclopedias, brochures, and magazines in Turkey and internationally. It offers its magazines for daily, weekly, and monthly term period in Turkish and foreign languages. The company was founded in 1970 and is headquartered in Istanbul, Turkey.
Ihlas Gazetecilik AS (IHGZT) - Net Assets
Latest net assets as of September 2025: TL3.56 Billion TRY
Based on the latest financial reports, Ihlas Gazetecilik AS (IHGZT) has net assets worth TL3.56 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 (TL5.01 Billion) and total liabilities (TL1.45 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 | TL3.56 Billion |
| % of Total Assets | 71.1% |
| Annual Growth Rate | 18.56% |
| 5-Year Change | 1078.88% |
| 10-Year Change | 1049.18% |
| Growth Volatility | 71.49 |
Ihlas Gazetecilik AS - Net Assets Trend (2007–2024)
This chart illustrates how Ihlas Gazetecilik 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 Ihlas Gazetecilik AS (2007–2024)
The table below shows the annual net assets of Ihlas Gazetecilik AS from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL2.96 Billion | +3.66% |
| 2023-12-31 | TL2.85 Billion | +113.14% |
| 2022-12-31 | TL1.34 Billion | +35.53% |
| 2021-12-31 | TL988.28 Million | +293.69% |
| 2020-12-31 | TL251.03 Million | -7.60% |
| 2019-12-31 | TL271.68 Million | +7.48% |
| 2018-12-31 | TL252.76 Million | -2.45% |
| 2017-12-31 | TL259.09 Million | +0.16% |
| 2016-12-31 | TL258.69 Million | +0.46% |
| 2015-12-31 | TL257.51 Million | -0.76% |
| 2014-12-31 | TL259.48 Million | +21.17% |
| 2013-12-31 | TL214.15 Million | +3.60% |
| 2012-12-31 | TL206.71 Million | -0.69% |
| 2011-12-31 | TL208.14 Million | +0.35% |
| 2010-12-31 | TL207.43 Million | +3.30% |
| 2009-12-31 | TL200.81 Million | +11.60% |
| 2008-12-31 | TL179.94 Million | +9.97% |
| 2007-12-31 | TL163.62 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ihlas Gazetecilik 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 28208.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | TL5.83 Billion | 197.12% |
| Total Equity | TL2.96 Billion | 100.00% |
Ihlas Gazetecilik AS Competitors by Market Cap
The table below lists competitors of Ihlas Gazetecilik AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Repro India Limited
NSE:REPRO
|
$16.19 Million |
|
Eagle Pharmaceuticals Inc
PINK:EGRX
|
$16.20 Million |
|
ROK Resources Inc.
OTCQB:ROKRF
|
$16.20 Million |
|
Compania Introductora de Buenos Aires SA
BA:INTR
|
$16.20 Million |
|
T-Flex Techvest PCB Co., Ltd.
TWO:3276
|
$16.17 Million |
|
Black Dragon Gold Corp
AU:BDG
|
$16.17 Million |
|
Sterling Tools Limited
NSE:STERTOOLS
|
$16.17 Million |
|
IokCompany Co. Ltd
KQ:078860
|
$16.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ihlas Gazetecilik AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,854,770,365 to 2,959,293,637, a change of 104,523,272 (3.7%).
- Net income of 114,349,145 contributed positively to equity growth.
- Share repurchases of 2,065,905 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL114.35 Million | +3.86% |
| Share Repurchases | TL2.07 Million | -0.07% |
| Other Changes | TL-7.76 Million | -0.26% |
| Total Change | TL- | 3.66% |
Book Value vs Market Value Analysis
This analysis compares Ihlas Gazetecilik 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: 0.39x
- 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 1.66x to 0.39x 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 | TL0.87 | TL1.45 | x |
| 2018-12-31 | TL0.85 | TL1.45 | x |
| 2019-12-31 | TL0.92 | TL1.45 | x |
| 2020-12-31 | TL0.85 | TL1.45 | x |
| 2021-12-31 | TL1.24 | TL1.45 | x |
| 2022-12-31 | TL1.67 | TL1.45 | x |
| 2023-12-31 | TL3.57 | TL1.45 | x |
| 2024-12-31 | TL3.70 | TL1.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ihlas Gazetecilik 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): 3.86%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.41%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.31x
- Recent ROE (3.86%) is above the historical average (1.16%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 2.96% | 8.67% | 0.29x | 1.18x | TL-14.61 Million |
| 2011 | 0.34% | 0.89% | 0.33x | 1.18x | TL-20.10 Million |
| 2013 | 1.06% | 2.78% | 0.31x | 1.21x | TL-19.14 Million |
| 2014 | 17.73% | 48.07% | 0.30x | 1.24x | TL20.06 Million |
| 2015 | -1.15% | -3.50% | 0.27x | 1.21x | TL-28.71 Million |
| 2016 | -0.56% | -1.66% | 0.29x | 1.19x | TL-27.32 Million |
| 2017 | -0.77% | -1.80% | 0.37x | 1.17x | TL-27.89 Million |
| 2018 | -2.36% | -4.47% | 0.43x | 1.22x | TL-31.24 Million |
| 2019 | 7.46% | 13.63% | 0.45x | 1.21x | TL-6.91 Million |
| 2020 | -8.04% | -14.37% | 0.44x | 1.27x | TL-45.27 Million |
| 2021 | 11.86% | 59.30% | 0.18x | 1.11x | TL18.40 Million |
| 2022 | 20.90% | 59.12% | 0.32x | 1.12x | TL146.04 Million |
| 2023 | -37.07% | -61.01% | 0.48x | 1.28x | TL-1.34 Billion |
| 2024 | 3.86% | 6.41% | 0.46x | 1.31x | TL-181.58 Million |
Industry Comparison
This section compares Ihlas Gazetecilik AS's net assets metrics with peer companies in the Publishing industry.
Industry Context
- Industry: Publishing
- Average net assets among peers: $10,313,065,483,543
- Average return on equity (ROE) among peers: 4.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ihlas Gazetecilik AS (IHGZT) | TL3.56 Billion | 2.96% | 0.41x | $16.18 Million |
| Dogan Burda Dergi Yayincilik ve Pazarlama AS (BIGTK) | $30.94 Trillion | 7.63% | 0.33x | $84.62 Million |
| Hurriyet Gazetecilik ve Matbaacilik AS (HURGZ) | $1.84 Billion | 6.42% | 0.51x | $18.60 Million |
| Ihlas Yayin Holding A.S. (IHYAY) | $263.70 Million | 0.00% | 0.25x | $15.13 Million |