Kartal Yenilenebilir Enerji Uretim AS (KARYE) - Net Assets
Based on the latest financial reports, Kartal Yenilenebilir Enerji Uretim AS (KARYE) has net assets worth TL2.71 Billion TRY (≈ $60.74 Million USD) as of March 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL3.64 Billion ≈ $81.59 Million USD) and total liabilities (TL931.18 Million ≈ $20.86 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 Kartal Yenilenebilir Enerji Uretim AS (KARYE) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL2.71 Billion |
| % of Total Assets | 74.44% |
| Annual Growth Rate | 93.13% |
| 5-Year Change | 623.24% |
| 10-Year Change | N/A |
| Growth Volatility | 103.72 |
Kartal Yenilenebilir Enerji Uretim AS - Net Assets Trend (2018–2024)
This chart illustrates how Kartal Yenilenebilir Enerji Uretim AS's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Kartal Yenilenebilir Enerji Uretim AS for the complete picture of this company's asset base.
Annual Net Assets for Kartal Yenilenebilir Enerji Uretim AS (2018–2024)
The table below shows the annual net assets of Kartal Yenilenebilir Enerji Uretim AS from 2018 to 2024. For live valuation and market cap data, see Kartal Yenilenebilir Enerji Uretim AS (KARYE) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL2.54 Billion ≈ $56.88 Million |
+17.18% |
| 2023-12-31 | TL2.17 Billion ≈ $48.54 Million |
+57.80% |
| 2022-12-31 | TL1.37 Billion ≈ $30.76 Million |
+62.72% |
| 2021-12-31 | TL843.94 Million ≈ $18.90 Million |
+140.36% |
| 2020-12-31 | TL351.12 Million ≈ $7.86 Million |
+67.12% |
| 2019-12-31 | TL210.10 Million ≈ $4.71 Million |
+329.64% |
| 2018-12-31 | TL48.90 Million ≈ $1.10 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Kartal Yenilenebilir Enerji Uretim 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 grown by 1340.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL559.32 Million | 22.03% |
| Other Components | TL1.98 Billion | 77.97% |
| Total Equity | TL2.54 Billion | 100.00% |
Kartal Yenilenebilir Enerji Uretim AS Competitors by Market Cap
The table below lists competitors of Kartal Yenilenebilir Enerji Uretim AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SG Choongbang Co Ltd
KO:001380
|
$33.46 Million |
|
STRUCT.MONIT.SYSCDIS
F:RJP
|
$33.46 Million |
|
TPC Consolidated Ltd
AU:TPC
|
$33.47 Million |
|
Willowglen MSC Bhd
KLSE:0008
|
$33.47 Million |
|
Swissnet AG
F:81D
|
$33.43 Million |
|
Intellinetics Inc
NYSE MKT:INLX
|
$33.41 Million |
|
Eagle Veterinary Technology Co.Ltd
KQ:044960
|
$33.41 Million |
|
Santa Fe Minerals Ltd
AU:SFM
|
$33.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kartal Yenilenebilir Enerji Uretim AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,167,031,548 to 2,539,425,015, a change of 372,393,467 (17.2%).
- Net income of 236,608,526 contributed positively to equity growth.
- Other factors increased equity by 135,784,941.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL236.61 Million | +9.32% |
| Other Changes | TL135.78 Million | +5.35% |
| Total Change | TL- | 17.18% |
Book Value vs Market Value Analysis
This analysis compares Kartal Yenilenebilir Enerji Uretim 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: 0.59x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 30.53x to 0.59x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | TL0.89 | TL27.14 | x |
| 2019-12-31 | TL3.82 | TL27.14 | x |
| 2020-12-31 | TL6.38 | TL27.14 | x |
| 2021-12-31 | TL15.34 | TL27.14 | x |
| 2022-12-31 | TL24.97 | TL27.14 | x |
| 2023-12-31 | TL39.40 | TL27.14 | x |
| 2024-12-31 | TL46.17 | TL27.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kartal Yenilenebilir Enerji Uretim 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): 9.32%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 61.05%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.34x
- Recent ROE (9.32%) is below the historical average (16.87%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 63.41% | 169.34% | 0.08x | 4.60x | TL26.12 Million |
| 2019 | 18.83% | 100.89% | 0.07x | 2.71x | TL18.55 Million |
| 2020 | 9.74% | 52.47% | 0.10x | 1.87x | TL-929.14K |
| 2021 | 8.09% | 76.71% | 0.06x | 1.66x | TL-16.11 Million |
| 2022 | 8.46% | 64.90% | 0.09x | 1.52x | TL-21.16 Million |
| 2023 | 0.21% | 1.77% | 0.08x | 1.45x | TL-212.07 Million |
| 2024 | 9.32% | 61.05% | 0.11x | 1.34x | TL-17.33 Million |
Industry Comparison
This section compares Kartal Yenilenebilir Enerji Uretim AS's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $4,752,831,223
- Average return on equity (ROE) among peers: 6.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kartal Yenilenebilir Enerji Uretim AS (KARYE) | TL2.71 Billion | 63.41% | 0.34x | $33.43 Million |
| Akfen Yenilenebilir Enerji A.S. (AKFYE) | $20.43 Billion | 22.29% | 0.69x | $621.63 Million |
| Aksu Enerji ve Ticaret AS (AKSUE) | $25.80 Million | 0.00% | 0.08x | $55.17 Million |
| Aydem Yenilenebilir Enerji AS (AYDEM) | $4.42 Billion | -12.92% | 1.32x | $465.81 Million |
| Ayen Enerji AS (AYEN) | $4.31 Billion | 36.93% | 1.23x | $220.77 Million |
| Biotrend Cevre ve Enerji Yatirimlari AS (BIOEN) | $81.84 Million | -1.47% | 1.48x | $241.00 Million |
| Consus Enerji Isletmeciligi ve Hizmetleri AS (CONSE) | $0.00 | 0.00% | 0.00x | $58.54 Million |
| Esenboga Elektrik Uretim AS (ESEN) | $31.48 Million | 2.98% | 2.51x | $153.27 Million |
| Galata Wind Enerji Anonim Sirket (GWIND) | $10.46 Billion | 7.98% | 0.42x | $344.70 Million |
| Hun Yenilenebilir Enerji Uretim AS (HUNER) | $3.01 Billion | 2.10% | 1.10x | $73.69 Million |
About Kartal Yenilenebilir Enerji Uretim AS
Kartal Yenilenebilir Enerji Uretim A.S. engages in the generation of electricity through solar power plants in Turkey. It has an installed capacity of 53,414.33 kWp. The company was incorporated in 2014 and is headquartered in Istanbul, Turkey.