Izmir Firca Sanayi ve Ticaret
Izmir Firça Sanayi ve Ticaret Anonim Sirketi produces and sells various cleaning materials and painting brushes in Turkey and internationally. It offers brush, such as white wash, paint, and oil based paint brushes; steel, including spatula, trowel and putty knifes, and stuff scratch brush; min size, big, and special rollers; tapes, drop sheets and nylon canvas, and auxiliary products; and cleani… Read more
Izmir Firca Sanayi ve Ticaret (IZFAS) - Net Assets
Latest net assets as of September 2025: TL178.40 Million TRY
Based on the latest financial reports, Izmir Firca Sanayi ve Ticaret (IZFAS) has net assets worth TL178.40 Million TRY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL420.50 Million) and total liabilities (TL242.09 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 | TL178.40 Million |
| % of Total Assets | 42.43% |
| Annual Growth Rate | 35.02% |
| 5-Year Change | 966.89% |
| 10-Year Change | 996.71% |
| Growth Volatility | 67.89 |
Izmir Firca Sanayi ve Ticaret - Net Assets Trend (2009–2024)
This chart illustrates how Izmir Firca Sanayi ve Ticaret's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Izmir Firca Sanayi ve Ticaret (2009–2024)
The table below shows the annual net assets of Izmir Firca Sanayi ve Ticaret from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL203.91 Million | +7.16% |
| 2023-12-31 | TL190.28 Million | +139.78% |
| 2022-12-31 | TL79.36 Million | +193.31% |
| 2021-12-31 | TL27.06 Million | +41.56% |
| 2020-12-31 | TL19.11 Million | +11.17% |
| 2019-12-31 | TL17.19 Million | +1.64% |
| 2018-12-31 | TL16.91 Million | -13.96% |
| 2017-12-31 | TL19.66 Million | +3.45% |
| 2016-12-31 | TL19.00 Million | +2.20% |
| 2015-12-31 | TL18.59 Million | +2.69% |
| 2014-12-31 | TL18.11 Million | +81.32% |
| 2013-12-31 | TL9.98 Million | +5.56% |
| 2012-12-31 | TL9.46 Million | +49.01% |
| 2011-12-31 | TL6.35 Million | +185.95% |
| 2010-12-31 | TL2.22 Million | -1.64% |
| 2009-12-31 | TL2.26 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Izmir Firca Sanayi ve Ticaret'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 22918.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | TL285.22 Million | 141.25% |
| Total Equity | TL201.93 Million | 100.00% |
Izmir Firca Sanayi ve Ticaret Competitors by Market Cap
The table below lists competitors of Izmir Firca Sanayi ve Ticaret ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
STRATUS PROPERTIES DL-01
F:SR5
|
$147.84 Million |
|
Heilongjiang Publishing & Media Co Ltd
SHG:605577
|
$147.86 Million |
|
Zhejiang Haisen Pharmaceutical Co. Ltd. A
SHE:001367
|
$147.86 Million |
|
Gigasolar Materials
TWO:3691
|
$148.02 Million |
|
British American Tobacco Malaysia Bhd
KLSE:4162
|
$147.62 Million |
|
Elridge Energy Holdings Berhad
KLSE:0318
|
$147.60 Million |
|
First Financial Northwest Inc
NASDAQ:FFNW
|
$147.53 Million |
|
Man Infraconstruction Limited
NSE:MANINFRA
|
$147.52 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Izmir Firca Sanayi ve Ticaret's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 189,050,269 to 201,928,128, a change of 12,877,859 (6.8%).
- Net income of 12,048,647 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL12.05 Million | +5.97% |
| Other Changes | TL829.21K | +0.41% |
| Total Change | TL- | 6.81% |
Book Value vs Market Value Analysis
This analysis compares Izmir Firca Sanayi ve Ticaret'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: 60.74x
- 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 increased from 45.29x to 60.74x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | TL1.16 | TL52.35 | x |
| 2018-12-31 | TL0.99 | TL52.35 | x |
| 2020-12-31 | TL0.48 | TL52.35 | x |
| 2021-12-31 | TL0.67 | TL52.35 | x |
| 2022-12-31 | TL1.34 | TL52.35 | x |
| 2023-12-31 | TL0.81 | TL52.35 | x |
| 2024-12-31 | TL0.86 | TL52.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Izmir Firca Sanayi ve Ticaret 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): 5.97%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.40%
- • Asset Turnover: 1.02x
- • Equity Multiplier: 1.72x
- Recent ROE (5.97%) is above the historical average (2.66%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 4.73% | 6.19% | 0.55x | 1.38x | TL-953.50K |
| 2015 | 2.89% | 3.40% | 0.47x | 1.83x | TL-1.32 Million |
| 2016 | 3.16% | 2.77% | 0.56x | 2.02x | TL-1.30 Million |
| 2017 | 1.33% | 0.92% | 0.62x | 2.34x | TL-1.69 Million |
| 2018 | -16.04% | -7.87% | 0.77x | 2.65x | TL-4.37 Million |
| 2019 | 3.17% | 1.44% | 0.82x | 2.67x | TL-1.17 Million |
| 2020 | 12.48% | 4.72% | 0.86x | 3.06x | TL479.55K |
| 2021 | 17.69% | 5.08% | 0.97x | 3.60x | TL2.07 Million |
| 2022 | 13.87% | 6.91% | 1.12x | 1.79x | TL3.06 Million |
| 2023 | -20.00% | -8.31% | 1.32x | 1.82x | TL-56.71 Million |
| 2024 | 5.97% | 3.40% | 1.02x | 1.72x | TL-8.14 Million |
Industry Comparison
This section compares Izmir Firca Sanayi ve Ticaret's net assets metrics with peer companies in the Household & Personal Products industry.
Industry Context
- Industry: Household & Personal Products
- Average net assets among peers: $1,046,046,123
- Average return on equity (ROE) among peers: -2.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Izmir Firca Sanayi ve Ticaret (IZFAS) | TL178.40 Million | 4.73% | 1.36x | $147.69 Million |
| Ekiz Kimya Sanayi ve Ticaret AS (EKIZ) | $8.04 Million | -12.16% | 3.91x | $18.48 Million |
| Koroplast Temizlik Ambalaj Urunleri San. ve Dis Ticaret A.S. (KRPLS) | $158.94 Million | 3.82% | 1.55x | $10.40 Million |
| LILA KAGIT (LILAK) | $5.02 Billion | 40.91% | 0.98x | $8.59K |
| Sanifoam Sunger Sanayi ve Ticaret AS (SANFM) | $9.14 Million | 0.00% | 1.60x | $13.66 Million |
| Viking Kagit ve Seluloz AS (VKING) | $35.69 Million | -45.45% | 5.60x | $9.63 Million |