Ihlas Gayrimenkul Proje Gelistirme ve Ticaret AS
Ihlas Gayrimenkul Proje Gelistirme ve Ticaret A.S. engages in the construction and real estate activities. The company constructs residential, workplaces, and social facilities. It also involved in the mining, marketing, and energy businesses. The company was incorporated in 1985 and is based in Istanbul, Turkey.
Ihlas Gayrimenkul Proje Gelistirme ve Ticaret AS (IHLGM) - Net Assets
Latest net assets as of September 2025: TL1.16 Billion TRY
Based on the latest financial reports, Ihlas Gayrimenkul Proje Gelistirme ve Ticaret AS (IHLGM) has net assets worth TL1.16 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 (TL4.33 Billion) and total liabilities (TL3.17 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 | TL1.16 Billion |
| % of Total Assets | 26.74% |
| Annual Growth Rate | 39.95% |
| 5-Year Change | -2.93% |
| 10-Year Change | N/A |
| Growth Volatility | 134.95 |
Ihlas Gayrimenkul Proje Gelistirme ve Ticaret AS - Net Assets Trend (2018–2024)
This chart illustrates how Ihlas Gayrimenkul Proje Gelistirme ve Ticaret 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 Gayrimenkul Proje Gelistirme ve Ticaret AS (2018–2024)
The table below shows the annual net assets of Ihlas Gayrimenkul Proje Gelistirme ve Ticaret AS from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL832.13 Million | -36.26% |
| 2023-12-31 | TL1.31 Billion | +19.12% |
| 2022-12-31 | TL1.10 Billion | +13.61% |
| 2021-12-31 | TL964.66 Million | +12.53% |
| 2020-12-31 | TL857.24 Million | +65.34% |
| 2019-12-31 | TL518.47 Million | +368.29% |
| 2018-12-31 | TL110.72 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ihlas Gayrimenkul Proje Gelistirme ve Ticaret 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 846348905400.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | TL9.40 Billion | 1132.93% |
| Total Equity | TL829.88 Million | 100.00% |
Ihlas Gayrimenkul Proje Gelistirme ve Ticaret AS Competitors by Market Cap
The table below lists competitors of Ihlas Gayrimenkul Proje Gelistirme ve Ticaret AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
C-Tech United
TWO:3625
|
$42.29 Million |
|
Urja Global Limited
NSE:URJA
|
$42.30 Million |
|
Optical Cable Corporation
NASDAQ:OCC
|
$42.31 Million |
|
MicroAlgo Inc.
NASDAQ:MLGO
|
$42.32 Million |
|
Tecnotree Oyj
HE:TEM1V
|
$42.29 Million |
|
LHYFE S.A. EO -01
F:F1B
|
$42.28 Million |
|
MIRA Pharmaceuticals, Inc. Common Stock
NASDAQ:MIRA
|
$42.28 Million |
|
Midwest Energy Emiss
OTCQB:MEEC
|
$42.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ihlas Gayrimenkul Proje Gelistirme ve Ticaret AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,302,219,105 to 829,875,312, a change of -472,343,793 (-36.3%).
- Net loss of 470,031,400 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL-470.03 Million | -56.64% |
| Other Changes | TL-2.31 Million | -0.28% |
| Total Change | TL- | -36.27% |
Book Value vs Market Value Analysis
This analysis compares Ihlas Gayrimenkul Proje Gelistirme ve Ticaret 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: 2.41x
- 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 2.93x to 2.41x 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 | TL0.68 | TL2.00 | x |
| 2019-12-31 | TL0.67 | TL2.00 | x |
| 2020-12-31 | TL0.86 | TL2.00 | x |
| 2021-12-31 | TL0.96 | TL2.00 | x |
| 2022-12-31 | TL1.10 | TL2.00 | x |
| 2023-12-31 | TL1.30 | TL2.00 | x |
| 2024-12-31 | TL0.83 | TL2.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ihlas Gayrimenkul Proje Gelistirme ve Ticaret 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): -56.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -97.63%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 2.98x
- Recent ROE (-56.64%) is below the historical average (-22.14%), 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 | -1.59% | -9.93% | 0.07x | 2.27x | TL-12.91 Million |
| 2019 | 8.20% | 30.89% | 0.09x | 2.79x | TL-9.35 Million |
| 2020 | 0.43% | 1.10% | 0.19x | 2.06x | TL-82.06 Million |
| 2021 | 11.16% | 11.29% | 0.62x | 1.59x | TL11.21 Million |
| 2022 | 12.23% | 23.39% | 0.43x | 1.22x | TL24.40 Million |
| 2023 | -128.75% | -255.13% | 0.24x | 2.13x | TL-1.81 Billion |
| 2024 | -56.64% | -97.63% | 0.19x | 2.98x | TL-553.02 Million |
Industry Comparison
This section compares Ihlas Gayrimenkul Proje Gelistirme ve Ticaret AS's net assets metrics with peer companies in the Real Estate - Diversified industry.
Industry Context
- Industry: Real Estate - Diversified
- Average net assets among peers: $6,949,620,192
- Average return on equity (ROE) among peers: 4.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ihlas Gayrimenkul Proje Gelistirme ve Ticaret AS (IHLGM) | TL1.16 Billion | -1.59% | 2.74x | $42.29 Million |
| Adese Gayrimenkul Yatirim AS (ADESE) | $291.14 Million | 0.00% | 0.60x | $123.45 Million |
| AVRUPAKENT GMYO (AVPGY) | $20.51 Billion | 15.90% | 0.02x | $122.57 Million |
| Trend Gayrimenkul Yatirim Ortakligi AS (TDGYO) | $50.69 Million | -3.42% | 0.37x | $26.00 Million |