Ihlas Holding AS

IS:IHLAS Turkey Conglomerates
Market Cap
$78.14 Million
TL2.77 Billion TRY
Market Cap Rank
#19436 Global
#190 in Turkey
Share Price
TL2.03
Change (1 day)
-0.98%
52-Week Range
TL1.96 - TL4.41
All Time High
TL4.41
Categories
Companies in Turkey Conglomerates
About

Ihlas Holding A.S., through its subsidiaries, engages in the construction and real estate, media, manufacturing and trading, and healthcare and education businesses in Turkey and internationally. It operates through the Construction, Media, and Media segments. The Construction segment is involved in real estate trading; construction projects; installation and contracting works; tourism and health… Read more

Ihlas Holding AS (IHLAS) - Net Assets

Latest net assets as of September 2025: TL12.71 Billion TRY

Based on the latest financial reports, Ihlas Holding AS (IHLAS) has net assets worth TL12.71 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 (TL31.51 Billion) and total liabilities (TL18.80 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 TL12.71 Billion
% of Total Assets 40.34%
Annual Growth Rate -28.99%
5-Year Change 520.0%
10-Year Change 1485.92%
Growth Volatility 61.55

Ihlas Holding AS - Net Assets Trend (2000–2024)

This chart illustrates how Ihlas Holding 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 Holding AS (2000–2024)

The table below shows the annual net assets of Ihlas Holding AS from 2000 to 2024.

Year Net Assets Change
2024-12-31 TL11.75 Billion -13.38%
2023-12-31 TL13.56 Billion +158.00%
2022-12-31 TL5.26 Billion +47.23%
2021-12-31 TL3.57 Billion +88.43%
2020-12-31 TL1.89 Billion +52.52%
2019-12-31 TL1.24 Billion +52.69%
2018-12-31 TL813.61 Million -1.78%
2017-12-31 TL828.32 Million +5.06%
2016-12-31 TL788.46 Million +6.44%
2015-12-31 TL740.74 Million -6.40%
2014-12-31 TL791.36 Million -3.66%
2013-12-31 TL821.39 Million -23.24%
2012-12-31 TL1.07 Billion -4.11%
2011-12-31 TL1.12 Billion +35.72%
2010-12-31 TL822.26 Million +32.41%
2009-12-31 TL621.00 Million +39.62%
2008-12-31 TL444.78 Million -10.70%
2007-12-31 TL498.09 Million +4.08%
2006-12-31 TL478.58 Million -6.43%
2005-12-31 TL511.45 Million +11.33%
2004-12-31 TL459.41 Million -100.00%
2003-12-31 TL217.70 Trillion +148.75%
2002-12-31 TL87.52 Trillion +175.14%
2001-12-31 TL31.81 Trillion -26.79%
2000-12-31 TL43.45 Trillion --

Equity Component Analysis

This analysis shows how different components contribute to Ihlas Holding 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 2013245672200.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Other Components TL24.77 Billion 534.19%
Total Equity TL4.64 Billion 100.00%

Ihlas Holding AS Competitors by Market Cap

The table below lists competitors of Ihlas Holding AS ranked by their market capitalization.

Company Market Cap
Samjin Pharm
KO:005500
 		$74.79 Million
Unichem Laboratories Limited
NSE:UNICHEMLAB
 		$74.81 Million
Union Medical Healthcare Limited
PINK:UNHLF
 		$74.82 Million
LX Hausys Ltd Preferred
KO:108675
 		$74.85 Million
Centaurus Metals Limited
OTCQX:CTTZF
 		$74.75 Million
Ador Welding Limited
NSE:ADORWELD
 		$74.72 Million
JUKCF
PINK:JUKCF
 		$74.72 Million
ISU Abxis Co. Ltd
KQ:086890
 		$74.70 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Ihlas Holding AS's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 5,945,627,402 to 4,636,837,389, a change of -1,308,790,013 (-22.0%).
  • Net loss of 1,381,813,379 reduced equity.
  • Other factors increased equity by 73,023,366.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income TL-1.38 Billion -29.8%
Other Changes TL73.02 Million +1.57%
Total Change TL- -22.01%

Book Value vs Market Value Analysis

This analysis compares Ihlas Holding 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: 0.60x
  • 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 3.23x to 0.60x 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 TL0.63 TL2.03 x
2018-12-31 TL0.60 TL2.03 x
2019-12-31 TL0.52 TL2.03 x
2020-12-31 TL0.61 TL2.03 x
2021-12-31 TL1.03 TL2.03 x
2022-12-31 TL1.98 TL2.03 x
2023-12-31 TL4.36 TL2.03 x
2024-12-31 TL3.40 TL2.03 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Ihlas Holding 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): -29.80%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -13.36%
  • • Asset Turnover: 0.44x
  • • Equity Multiplier: 5.04x
  • Recent ROE (-29.80%) is below the historical average (3.06%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2003 2.12% 1.21% 0.40x 4.35x TL-14.50 Trillion
2005 2.75% 2.04% 0.68x 1.98x TL-33.75 Million
2009 16.83% 14.11% 0.49x 2.42x TL31.53 Million
2010 6.79% 5.32% 0.47x 2.70x TL-16.94 Million
2014 -17.46% -10.49% 0.32x 5.26x TL-138.99 Million
2015 -18.66% -20.40% 0.15x 6.27x TL-128.30 Million
2016 12.54% 5.83% 0.44x 4.94x TL12.77 Million
2017 7.78% 6.00% 0.26x 4.93x TL-12.18 Million
2018 -7.42% -3.03% 0.51x 4.76x TL-90.59 Million
2019 -3.43% -2.17% 0.23x 6.72x TL-60.91 Million
2020 -0.74% -0.36% 0.29x 7.15x TL-57.23 Million
2021 13.47% 7.40% 0.50x 3.61x TL53.72 Million
2022 23.55% 18.76% 0.40x 3.15x TL366.51 Million
2023 37.52% 20.42% 0.45x 4.11x TL1.64 Billion
2024 -29.80% -13.36% 0.44x 5.04x TL-1.85 Billion

Industry Comparison

This section compares Ihlas Holding AS's net assets metrics with peer companies in the Conglomerates industry.

Industry Context

  • Industry: Conglomerates
  • Average net assets among peers: $4,666,112,244
  • Average return on equity (ROE) among peers: 10.37%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Ihlas Holding AS (IHLAS) TL12.71 Billion 2.12% 1.48x $74.78 Million
AG Anadolu Group Holding (AGHOL) $23.73 Billion 2.29% 1.83x $624.39 Million
AGROT (AGROT) $1.81 Billion 18.32% 0.38x $5.12 Million
Alarko Holding AS (ALARK) $1.31 Billion 14.02% 0.99x $404.67 Million
Bera Holding AS (BERA) $1.89 Billion 1.43% 0.94x $4.73K
BINHO (BINHO) $11.11 Billion 34.81% 0.33x $64.70 Million
Berkosan Yalitim ve Tecrit Maddeleri Uretim ve Ticaret AS (BRKSN) $15.81 Million 0.00% 1.09x $16.11 Million
Dogan Sirketler Grubu Holding AS (DOHOL) $3.04 Billion -5.29% 1.45x $547.17 Million
Eczacibasi Yatirim Holding Ortakligi AS (ECZYT) $1.23 Billion 0.75% 0.03x $165.03 Million
Federal Mogul Izmit Piston ve Pim Uretim Tesisleri AS (FMIZP) $39.89 Million 41.88% 0.17x $26.84 Million
Global Yatirim Holding AS (GLYHO) $2.47 Billion -4.49% 5.09x $506.87 Million