Karsan Otomotiv Sanayi ve Ticaret AS (KARSN) - Net Assets

Latest as of September 2025: TL6.11 Billion TRY

Based on the latest financial reports, Karsan Otomotiv Sanayi ve Ticaret AS (KARSN) has net assets worth TL6.11 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 (TL20.09 Billion) and total liabilities (TL13.98 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 TL6.11 Billion
% of Total Assets 30.4%
Annual Growth Rate -35.31%
5-Year Change 653.99%
10-Year Change 2169.94%
Growth Volatility 62.47

Karsan Otomotiv Sanayi ve Ticaret AS - Net Assets Trend (2002–2024)

This chart illustrates how Karsan Otomotiv Sanayi 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 Karsan Otomotiv Sanayi ve Ticaret AS (2002–2024)

The table below shows the annual net assets of Karsan Otomotiv Sanayi ve Ticaret AS from 2002 to 2024.

Year Net Assets Change
2024-12-31 TL5.49 Billion +4.96%
2023-12-31 TL5.23 Billion +190.76%
2022-12-31 TL1.80 Billion +81.01%
2021-12-31 TL993.89 Million +36.49%
2020-12-31 TL728.17 Million +9.74%
2019-12-31 TL663.54 Million +102.57%
2018-12-31 TL327.56 Million -7.73%
2017-12-31 TL355.00 Million +10.84%
2016-12-31 TL320.28 Million +32.42%
2015-12-31 TL241.87 Million +3.88%
2014-12-31 TL232.84 Million -30.17%
2013-12-31 TL333.47 Million +31.88%
2012-12-31 TL252.85 Million +63.65%
2011-12-31 TL154.50 Million +39.39%
2010-12-31 TL110.84 Million -3.39%
2009-12-31 TL114.72 Million +77.01%
2008-12-31 TL64.81 Million -40.10%
2007-12-31 TL108.20 Million +130.77%
2006-12-31 TL46.89 Million -18.94%
2005-12-31 TL57.84 Million -44.83%
2004-12-31 TL104.84 Million +1.40%
2003-12-31 TL103.39 Million -100.00%
2002-12-31 TL79.67 Trillion --

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 634082400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Other Components TL11.83 Billion 215.49%
Total Equity TL5.49 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
Kore Potash Plc
AU:KP2
 		$219.74 Million
Tatung System Technologies
TWO:8099
 		$219.75 Million
AeroSpace Technology of Korea
KQ:067390
 		$219.78 Million
Solid FAB
ST:SFAB
 		$219.80 Million
LIVECHAT SOFTW.AB ZY-02
F:886
 		$219.65 Million
Tureks Turizm Tasimacilik AS
IS:TUREX
 		$219.64 Million
Udaipur Cement Works Limited
NSE:UDAICEMENT
 		$219.63 Million
Silicon Valley Acquisition Corp. Class A Ordinary Shares
NASDAQ:SVAQ
 		$219.56 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 2023 to 2024, total equity changed from 5,183,147,000 to 5,490,273,000, a change of 307,126,000 (5.9%).
  • Net income of 55,484,000 contributed positively to equity growth.
  • Other factors increased equity by 251,642,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income TL55.48 Million +1.01%
Other Changes TL251.64 Million +4.58%
Total Change TL- 5.93%

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: 1.79x
  • 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 19.87x to 1.79x 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 TL10.90 x
2018-12-31 TL0.51 TL10.90 x
2019-12-31 TL0.74 TL10.90 x
2020-12-31 TL0.81 TL10.90 x
2021-12-31 TL1.10 TL10.90 x
2022-12-31 TL1.97 TL10.90 x
2023-12-31 TL5.76 TL10.90 x
2024-12-31 TL6.10 TL10.90 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): 1.01%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 0.51%
  • • Asset Turnover: 0.72x
  • • Equity Multiplier: 2.75x
  • Recent ROE (1.01%) is above the historical average (-1.42%), 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-493.54 Million

Industry Comparison

This section compares Karsan Otomotiv Sanayi ve Ticaret AS's net assets metrics with peer companies in the Auto Manufacturers industry.

Industry Context

  • Industry: Auto Manufacturers
  • Average net assets among peers: $7,035,826,872,000
  • Average return on equity (ROE) among peers: 21.46%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Karsan Otomotiv Sanayi ve Ticaret AS (KARSN) TL6.11 Billion 6.77% 2.29x $219.72 Million
Anadolu Isuzu Otomotiv Sanayi ve Ticaret AS (ASUZU) $166.35 Million 0.00% 0.68x $66.33 Million
Ford Otomotiv Sanayi AS (FROTO) $3.70 Billion 40.31% 2.25x $8.59 Billion
Otokar Otomotiv ve Savunma Sanayi AS (OTKAR) $28.14 Trillion 31.87% 2.31x $1.10 Billion
Tofas Turk Otomobil Fabrikasi AS (TOASO) $1.04 Billion 13.66% 0.86x $3.30 Billion

About Karsan Otomotiv Sanayi ve Ticaret AS

IS:KARSN Turkey Auto Manufacturers
Market Cap
$219.72 Million
TL9.81 Billion TRY
Market Cap Rank
#17422 Global
#226 in Turkey
Share Price
TL10.90
Change (1 day)
+4.41%
52-Week Range
TL8.65 - TL12.55
All Time High
TL18.45
Categories
Companies in Turkey Auto Manufacturers
About

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. The company provides passenger cars, trucks, minibuses, buses, hydrogen buses, and electric and diesel busses. It also offers after-sales, marketing, and financial leasing services. The company sells its products under the JEST, ATAK, and S… Read more