Karsan Otomotiv Sanayi ve Ticaret AS (KARSN) - Net Assets
Based on the latest financial reports, Karsan Otomotiv Sanayi ve Ticaret AS (KARSN) has net assets worth TL7.23 Billion TRY (≈ $162.01 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL20.79 Billion ≈ $465.61 Million USD) and total liabilities (TL13.56 Billion ≈ $303.60 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 KARSN goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL7.23 Billion |
| % of Total Assets | 34.8% |
| Annual Growth Rate | -33.28% |
| 5-Year Change | 627.79% |
| 10-Year Change | 2158.47% |
| Growth Volatility | 61.22 |
Karsan Otomotiv Sanayi ve Ticaret AS - Net Assets Trend (2002–2025)
This chart illustrates how Karsan Otomotiv Sanayi ve Ticaret AS's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Karsan Otomotiv Sanayi ve Ticaret AS to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Karsan Otomotiv Sanayi ve Ticaret AS (2002–2025)
The table below shows the annual net assets of Karsan Otomotiv Sanayi ve Ticaret AS from 2002 to 2025. For live valuation and market cap data, see Karsan Otomotiv Sanayi ve Ticaret AS stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | TL7.23 Billion ≈ $162.01 Million |
+0.66% |
| 2024-12-31 | TL7.19 Billion ≈ $160.96 Million |
+37.38% |
| 2023-12-31 | TL5.23 Billion ≈ $117.16 Million |
+190.76% |
| 2022-12-31 | TL1.80 Billion ≈ $40.30 Million |
+81.01% |
| 2021-12-31 | TL993.89 Million ≈ $22.26 Million |
+36.49% |
| 2020-12-31 | TL728.17 Million ≈ $16.31 Million |
+9.74% |
| 2019-12-31 | TL663.54 Million ≈ $14.86 Million |
+102.57% |
| 2018-12-31 | TL327.56 Million ≈ $7.34 Million |
-7.73% |
| 2017-12-31 | TL355.00 Million ≈ $7.95 Million |
+10.84% |
| 2016-12-31 | TL320.28 Million ≈ $7.17 Million |
+32.42% |
| 2015-12-31 | TL241.87 Million ≈ $5.42 Million |
+3.88% |
| 2014-12-31 | TL232.84 Million ≈ $5.22 Million |
-30.17% |
| 2013-12-31 | TL333.47 Million ≈ $7.47 Million |
+31.88% |
| 2012-12-31 | TL252.85 Million ≈ $5.66 Million |
+63.65% |
| 2011-12-31 | TL154.50 Million ≈ $3.46 Million |
+39.39% |
| 2010-12-31 | TL110.84 Million ≈ $2.48 Million |
-3.39% |
| 2009-12-31 | TL114.72 Million ≈ $2.57 Million |
+77.01% |
| 2008-12-31 | TL64.81 Million ≈ $1.45 Million |
-40.10% |
| 2007-12-31 | TL108.20 Million ≈ $2.42 Million |
+130.77% |
| 2006-12-31 | TL46.89 Million ≈ $1.05 Million |
-18.94% |
| 2005-12-31 | TL57.84 Million ≈ $1.30 Million |
-44.83% |
| 2004-12-31 | TL104.84 Million ≈ $2.35 Million |
+1.40% |
| 2003-12-31 | TL103.39 Million ≈ $2.32 Million |
-100.00% |
| 2002-12-31 | TL79.67 Trillion ≈ $1.78 Trillion |
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Equity Component Analysis
This analysis shows how different components contribute to Karsan Otomotiv Sanayi 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 812056400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | TL15.35 Billion | 212.26% |
| Total Equity | TL7.23 Billion | 100.00% |
Karsan Otomotiv Sanayi ve Ticaret AS Competitors by Market Cap
The table below lists competitors of Karsan Otomotiv Sanayi ve Ticaret AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Inflection Point Acquisition Corp. III Class A Ordinary Shares
NASDAQ:IPCX
|
$268.73 Million |
|
Kizilbuk Gayrimenkul Yatirim Ortakligi AS
IS:KZBGY
|
$268.77 Million |
|
Kaplamin Ambalaj Sanayi ve Ticaret AS
IS:KAPLM
|
$268.77 Million |
|
Dagi Yatirim Holding AS
IS:DAGHL
|
$268.77 Million |
|
Federal Corp
TW:2102
|
$268.59 Million |
|
Petron Malaysia Refining Marketing
KLSE:3042
|
$268.44 Million |
|
Netronix
TWO:6143
|
$268.42 Million |
|
Fluxys Belgium
BR:FLUX
|
$268.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Karsan Otomotiv Sanayi ve Ticaret AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,186,340,000 to 7,233,449,000, a change of 47,109,000 (0.7%).
- Net income of 179,091,000 contributed positively to equity growth.
- Other factors decreased equity by 131,982,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL179.09 Million | +2.48% |
| Other Changes | TL-131.98 Million | -1.82% |
| Total Change | TL- | 0.66% |
Book Value vs Market Value Analysis
This analysis compares Karsan Otomotiv Sanayi 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: 1.66x
- 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 24.30x to 1.66x 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 | TL0.55 | TL13.33 | x |
| 2018-12-31 | TL0.51 | TL13.33 | x |
| 2019-12-31 | TL0.74 | TL13.33 | x |
| 2020-12-31 | TL0.81 | TL13.33 | x |
| 2021-12-31 | TL1.10 | TL13.33 | x |
| 2022-12-31 | TL1.97 | TL13.33 | x |
| 2023-12-31 | TL5.76 | TL13.33 | x |
| 2024-12-31 | TL7.98 | TL13.33 | x |
| 2025-12-31 | TL8.04 | TL13.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Karsan Otomotiv Sanayi 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): 2.48%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.08%
- • Asset Turnover: 0.80x
- • Equity Multiplier: 2.87x
- Recent ROE (2.48%) is above the historical average (-1.20%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 6.77% | 2.72% | 1.56x | 1.59x | TL-2.58 Trillion |
| 2003 | 11.99% | 6.43% | 1.18x | 1.58x | TL2.06 Million |
| 2004 | 1.38% | 0.38% | 1.99x | 1.81x | TL-9.04 Million |
| 2007 | 0.97% | 0.42% | 1.29x | 1.81x | TL-9.77 Million |
| 2013 | 4.64% | 1.74% | 0.88x | 3.02x | TL-18.34 Million |
| 2014 | -33.28% | -23.83% | 0.32x | 4.42x | TL-111.04 Million |
| 2015 | -22.86% | -5.35% | 0.70x | 6.10x | TL-89.98 Million |
| 2016 | -21.51% | -7.85% | 0.59x | 4.65x | TL-108.66 Million |
| 2017 | 1.95% | 0.60% | 0.63x | 5.14x | TL-28.59 Million |
| 2018 | -7.14% | -1.39% | 0.71x | 7.20x | TL-56.14 Million |
| 2019 | 2.69% | 0.96% | 0.74x | 3.79x | TL-48.89 Million |
| 2020 | 2.77% | 1.18% | 0.63x | 3.70x | TL-53.02 Million |
| 2021 | 9.99% | 4.71% | 0.56x | 3.78x | TL-80.80K |
| 2022 | 7.10% | 4.19% | 0.48x | 3.56x | TL-51.34 Million |
| 2023 | 10.73% | 5.19% | 0.68x | 3.05x | TL37.85 Million |
| 2024 | 1.01% | 0.51% | 0.72x | 2.75x | TL-646.01 Million |
| 2025 | 2.48% | 1.08% | 0.80x | 2.87x | TL-544.25 Million |
Industry Comparison
This section compares Karsan Otomotiv Sanayi ve Ticaret AS's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.
Industry Context
- Industry: Farm & Heavy Construction Machinery
- Average net assets among peers: $8,451,249,351
- Average return on equity (ROE) among peers: 8.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Karsan Otomotiv Sanayi ve Ticaret AS (KARSN) | TL7.23 Billion | 6.77% | 1.87x | $268.70 Million |
| Katmerciler Arac Ustu Ekipman Sanayi ve Ticaret AS (KATMR) | $62.68 Million | 29.71% | 2.65x | $137.45 Million |
| Tumosan Motor ve Traktor Sanayi AS (TMSN) | $8.58 Billion | -6.96% | 0.90x | $255.77 Million |
| Turk Traktor ve Ziraat Makineleri AS (TTRAK) | $16.71 Billion | 2.72% | 1.37x | $1.01 Billion |
About Karsan Otomotiv Sanayi ve Ticaret AS
Karsan Otomotiv Sanayii ve Ticaret A.S. engages in the production and sale of automotives and related vehicles, and spare parts in Turkey and internationally. It operates through Karsan Branded Products and Spare Parts and other branded sales segments. The company provides passenger cars, trucks, minibuses, buses, hydrogen buses, and electric and diesel buses. It also offers after-sales, marketin… Read more