Izmir Firca Sanayi ve Ticaret (IZFAS) - Net Assets
Based on the latest financial reports, Izmir Firca Sanayi ve Ticaret (IZFAS) has net assets worth TL439.76 Million TRY (≈ $9.85 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL694.15 Million ≈ $15.55 Million USD) and total liabilities (TL254.39 Million ≈ $5.70 Million USD). 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. Check Izmir Firca Sanayi ve Ticaret strategic capital allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL439.76 Million |
| % of Total Assets | 63.35% |
| Annual Growth Rate | 38.21% |
| 5-Year Change | 1378.91% |
| 10-Year Change | 2005.79% |
| Growth Volatility | 64.95 |
Izmir Firca Sanayi ve Ticaret - Net Assets Trend (2009–2025)
This chart illustrates how Izmir Firca Sanayi ve Ticaret's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Izmir Firca Sanayi ve Ticaret (IZFAS) market capitalisation.
Annual Net Assets for Izmir Firca Sanayi ve Ticaret (2009–2025)
The table below shows the annual net assets of Izmir Firca Sanayi ve Ticaret from 2009 to 2025. Also explore Izmir Firca Sanayi ve Ticaret net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | TL400.12 Million ≈ $8.96 Million |
+49.92% |
| 2024-12-31 | TL266.90 Million ≈ $5.98 Million |
+40.26% |
| 2023-12-31 | TL190.28 Million ≈ $4.26 Million |
+139.78% |
| 2022-12-31 | TL79.36 Million ≈ $1.78 Million |
+193.31% |
| 2021-12-31 | TL27.06 Million ≈ $605.97K |
+41.56% |
| 2020-12-31 | TL19.11 Million ≈ $428.07K |
+11.17% |
| 2019-12-31 | TL17.19 Million ≈ $385.05K |
+1.64% |
| 2018-12-31 | TL16.91 Million ≈ $378.82K |
-13.96% |
| 2017-12-31 | TL19.66 Million ≈ $440.28K |
+3.45% |
| 2016-12-31 | TL19.00 Million ≈ $425.57K |
+2.20% |
| 2015-12-31 | TL18.59 Million ≈ $416.43K |
+2.69% |
| 2014-12-31 | TL18.11 Million ≈ $405.51K |
+81.32% |
| 2013-12-31 | TL9.98 Million ≈ $223.64K |
+5.56% |
| 2012-12-31 | TL9.46 Million ≈ $211.86K |
+49.01% |
| 2011-12-31 | TL6.35 Million ≈ $142.18K |
+185.95% |
| 2010-12-31 | TL2.22 Million ≈ $49.72K |
-1.64% |
| 2009-12-31 | TL2.26 Million ≈ $50.55K |
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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 40695.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | TL547.87 Million | 137.07% |
| Total Equity | TL399.69 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 |
|---|---|
|
Singha Estate Public Company Limited
BK:S
|
$119.63 Million |
|
The Pinkfong Company
KQ:403850
|
$119.64 Million |
|
Fino Payments Bank Limited
NSE:FINOPB
|
$119.71 Million |
|
Azerion Group N.V.
AS:AZRN
|
$119.71 Million |
|
MaxsMaking Inc. Class A Ordinary Shares
NASDAQ:MAMK
|
$119.60 Million |
|
Fortinova Fastigheter AB Series B
ST:FNOVA-B
|
$119.60 Million |
|
Shaver Shop Group Ltd
AU:SSG
|
$119.58 Million |
|
Madras Fertilizers Limited
NSE:MADRASFERT
|
$119.52 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 2024 to 2025, total equity changed from 264,308,038 to 399,691,440, a change of 135,383,402 (51.2%).
- Net loss of 39,158,051 reduced equity.
- Share repurchases of 205,009 reduced equity.
- New share issuances of 159,498,277 increased equity.
- Other factors increased equity by 15,248,185.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL-39.16 Million | -9.8% |
| Share Repurchases | TL205.01K | -0.05% |
| Share Issuances | TL159.50 Million | +39.91% |
| Other Changes | TL15.25 Million | +3.81% |
| Total Change | TL- | 51.22% |
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: 13.36x
- 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 26.08x to 13.36x 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 | TL1.16 | TL30.14 | x |
| 2018-12-31 | TL0.99 | TL30.14 | x |
| 2020-12-31 | TL0.48 | TL30.14 | x |
| 2021-12-31 | TL0.67 | TL30.14 | x |
| 2022-12-31 | TL1.34 | TL30.14 | x |
| 2023-12-31 | TL0.81 | TL30.14 | x |
| 2024-12-31 | TL1.13 | TL30.14 | x |
| 2025-12-31 | TL2.26 | TL30.14 | 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): -9.80%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.89%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 1.65x
- Recent ROE (-9.80%) is below the historical average (1.62%), suggesting potential challenges in 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-10.66 Million |
| 2025 | -9.80% | -8.89% | 0.67x | 1.65x | TL-79.13 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: $161,432,124
- Average return on equity (ROE) among peers: 20.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Izmir Firca Sanayi ve Ticaret (IZFAS) | TL439.76 Million | 4.73% | 0.58x | $119.61 Million |
| Ekiz Kimya Sanayi ve Ticaret AS (EKIZ) | $4.67 Million | 67.22% | 6.25x | $9.61 Million |
| Koroplast Temizlik Ambalaj Urunleri San. ve Dis Ticaret A.S. (KRPLS) | $158.94 Million | 3.82% | 1.55x | $45.95 Million |
| Sanifoam Sunger Sanayi ve Ticaret AS (SANFM) | $460.29 Million | 10.26% | 1.02x | $45.35 Million |
| Viking Kagit ve Seluloz AS (VKING) | $21.83 Million | 0.00% | 5.11x | $16.20 Million |
About 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 brushes, 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 clea… Read more