Kartonsan Karton Sanayi ve Ticaret AS
Kartonsan Karton Sanayi ve Ticaret A.S. produces and trades in coated cardboards in Turkey and internationally. The company offers normprint, exprint, and luxtriplex multi-coated cardboards from recycled paper. Its products are used in the food, pharmaceuticals, cosmetics, advertising and promotion sectors. Kartonsan Karton Sanayi ve Ticaret A.S. was incorporated in 1967 and is headquartered in I… Read more
Kartonsan Karton Sanayi ve Ticaret AS (KARTN) - Net Assets
Latest net assets as of September 2025: TL2.71 Billion TRY
Based on the latest financial reports, Kartonsan Karton Sanayi ve Ticaret AS (KARTN) has net assets worth TL2.71 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 (TL4.40 Billion) and total liabilities (TL1.69 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 | TL2.71 Billion |
| % of Total Assets | 61.67% |
| Annual Growth Rate | -37.86% |
| 5-Year Change | 383.91% |
| 10-Year Change | 886.47% |
| Growth Volatility | 41.28 |
Kartonsan Karton Sanayi ve Ticaret AS - Net Assets Trend (2002–2024)
This chart illustrates how Kartonsan Karton 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 Kartonsan Karton Sanayi ve Ticaret AS (2002–2024)
The table below shows the annual net assets of Kartonsan Karton Sanayi ve Ticaret AS from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL2.78 Billion | -19.37% |
| 2023-12-31 | TL3.44 Billion | +144.54% |
| 2022-12-31 | TL1.41 Billion | +58.57% |
| 2021-12-31 | TL888.14 Million | +54.78% |
| 2020-12-31 | TL573.81 Million | +25.79% |
| 2019-12-31 | TL456.17 Million | +11.88% |
| 2018-12-31 | TL407.72 Million | +30.28% |
| 2017-12-31 | TL312.96 Million | +10.26% |
| 2016-12-31 | TL283.85 Million | +0.84% |
| 2015-12-31 | TL281.48 Million | +8.18% |
| 2014-12-31 | TL260.19 Million | +4.10% |
| 2013-12-31 | TL249.94 Million | +12.95% |
| 2012-12-31 | TL221.28 Million | +8.81% |
| 2011-12-31 | TL203.36 Million | +19.80% |
| 2010-12-31 | TL169.75 Million | +5.27% |
| 2009-12-31 | TL161.25 Million | +5.60% |
| 2008-12-31 | TL152.71 Million | -0.57% |
| 2007-12-31 | TL153.58 Million | -19.10% |
| 2006-12-31 | TL189.83 Million | +8.40% |
| 2005-12-31 | TL175.12 Million | -6.79% |
| 2004-12-31 | TL187.88 Million | -100.00% |
| 2003-12-31 | TL114.22 Trillion | +16.92% |
| 2002-12-31 | TL97.69 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kartonsan Karton 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 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL1.08 Billion | 39.03% |
| Other Components | TL1.69 Billion | 60.97% |
| Total Equity | TL2.78 Billion | 100.00% |
Kartonsan Karton Sanayi ve Ticaret AS Competitors by Market Cap
The table below lists competitors of Kartonsan Karton Sanayi ve Ticaret AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Savezone I C
KO:067830
|
$32.94 Million |
|
REC Silicon ASA
PINK:RNWEF
|
$32.94 Million |
|
Ottawa Savings Bancorp Inc
OTCQX:OTTW
|
$32.94 Million |
|
Allied Digital Services Limited
NSE:ADSL
|
$32.95 Million |
|
Maiden Holdings Ltd
NASDAQ:MHLD
|
$32.93 Million |
|
PDS Biotechnology Corp
NASDAQ:PDSB
|
$32.92 Million |
|
Huang Long Development Co Ltd
TWO:3512
|
$32.92 Million |
|
Wellpool Co Ltd
TWO:8424
|
$32.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kartonsan Karton Sanayi ve Ticaret AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,442,225,288 to 2,775,318,527, a change of -666,906,761 (-19.4%).
- Net loss of 651,352,361 reduced equity.
- Dividend payments of 1,126,335 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL-651.35 Million | -23.47% |
| Dividends Paid | TL1.13 Million | -0.04% |
| Other Changes | TL-14.43 Million | -0.52% |
| Total Change | TL- | -19.37% |
Book Value vs Market Value Analysis
This analysis compares Kartonsan Karton 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: 1.93x
- 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 17.08x to 1.93x 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 | TL4.17 | TL71.25 | x |
| 2018-12-31 | TL5.43 | TL71.25 | x |
| 2019-12-31 | TL6.08 | TL71.25 | x |
| 2020-12-31 | TL7.65 | TL71.25 | x |
| 2021-12-31 | TL11.83 | TL71.25 | x |
| 2022-12-31 | TL18.77 | TL71.25 | x |
| 2023-12-31 | TL45.90 | TL71.25 | x |
| 2024-12-31 | TL37.00 | TL71.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kartonsan Karton 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): -23.47%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -16.83%
- • Asset Turnover: 0.99x
- • Equity Multiplier: 1.41x
- Recent ROE (-23.47%) is below the historical average (12.98%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 21.33% | 18.91% | 0.91x | 1.24x | TL11.07 Trillion |
| 2003 | 13.79% | 13.64% | 0.86x | 1.17x | TL4.33 Trillion |
| 2004 | 6.53% | 8.96% | 0.66x | 1.10x | TL-6.52 Million |
| 2005 | 8.74% | 13.60% | 0.57x | 1.13x | TL-2.20 Million |
| 2006 | 9.09% | 13.41% | 0.61x | 1.12x | TL-1.73 Million |
| 2007 | 24.65% | 29.75% | 0.67x | 1.23x | TL22.50 Million |
| 2008 | 9.59% | 10.88% | 0.78x | 1.13x | TL-623.30K |
| 2009 | 8.28% | 9.84% | 0.75x | 1.12x | TL-2.77 Million |
| 2010 | 10.35% | 9.90% | 0.92x | 1.13x | TL599.50K |
| 2011 | 18.18% | 17.49% | 0.92x | 1.13x | TL16.62 Million |
| 2012 | 12.23% | 12.70% | 0.86x | 1.12x | TL4.94 Million |
| 2013 | 14.32% | 15.96% | 0.79x | 1.13x | TL10.81 Million |
| 2014 | 7.47% | 9.72% | 0.60x | 1.28x | TL-6.58 Million |
| 2015 | 7.71% | 8.05% | 0.75x | 1.28x | TL-6.44 Million |
| 2016 | 1.02% | 0.91% | 0.91x | 1.24x | TL-25.47 Million |
| 2017 | 12.28% | 8.01% | 1.28x | 1.20x | TL7.14 Million |
| 2018 | 27.85% | 17.82% | 1.31x | 1.20x | TL72.74 Million |
| 2019 | 17.84% | 11.03% | 1.34x | 1.20x | TL35.75 Million |
| 2020 | 23.93% | 15.35% | 1.28x | 1.22x | TL79.91 Million |
| 2021 | 42.70% | 23.86% | 1.34x | 1.33x | TL290.26 Million |
| 2022 | 50.09% | 20.96% | 1.87x | 1.28x | TL564.28 Million |
| 2023 | -26.02% | -25.01% | 0.82x | 1.26x | TL-1.24 Billion |
| 2024 | -23.47% | -16.83% | 0.99x | 1.41x | TL-928.88 Million |
Industry Comparison
This section compares Kartonsan Karton Sanayi ve Ticaret AS's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $464,024,184
- Average return on equity (ROE) among peers: -8.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kartonsan Karton Sanayi ve Ticaret AS (KARTN) | TL2.71 Billion | 21.33% | 0.62x | $32.93 Million |
| Bak Ambalaj Sanayi ve Ticaret AS (BAKAB) | $119.89 Million | 9.02% | 1.70x | $15.71 Million |
| Barem Ambalaj Sanayi ve Ticaret a.s. (BARMA) | $1.79 Billion | 11.68% | 0.55x | $45.05 Million |
| Bantas Bandirma Ambalaj Sanayi ve Ticaret AS (BNTAS) | $139.32 Million | 10.53% | 0.15x | $22.85 Million |
| Duran-Dogan Basim ve Ambalaj Sanayi AS (DURDO) | $2.97 Million | 0.00% | 2.13x | $15.58 Million |
| Eminis Ambalaj Sanayi ve Ticaret AS (EMNIS) | $5.01 Million | -150.52% | 8.97x | $7.23 Million |
| Kaplamin Ambalaj Sanayi ve Ticaret AS (KAPLM) | $27.67 Million | 4.22% | 1.27x | $32.00 Million |
| Mondi Turkey Oluklui Mukavva Kagit ve Ambalaj Sanayi A.S. (MNDTR) | $2.00 Billion | 43.33% | 1.45x | $25.97 Million |
| Ozerden Plastik Sanayi (OZRDN) | $6.89 Million | 0.00% | 1.20x | $24.04 Million |
| Sekuro Plastik Ambalaj Sanayi AS (SEKUR) | $85.64 Million | -2.32% | 1.65x | $16.19 Million |