Kocaer Celik Sanayi ve Ticaret A.S. (KCAER) - Net Assets
Based on the latest financial reports, Kocaer Celik Sanayi ve Ticaret A.S. (KCAER) has net assets worth TL11.83 Billion TRY (≈ $265.03 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL23.58 Billion ≈ $528.14 Million USD) and total liabilities (TL11.75 Billion ≈ $263.11 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 KCAER financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL11.83 Billion |
| % of Total Assets | 50.18% |
| Annual Growth Rate | 146.07% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 193.74 |
Kocaer Celik Sanayi ve Ticaret A.S. - Net Assets Trend (2020–2024)
This chart illustrates how Kocaer Celik Sanayi ve Ticaret A.S.'s net assets have evolved over time, based on quarterly financial data. Also explore Kocaer Celik Sanayi ve Ticaret A.S. asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Kocaer Celik Sanayi ve Ticaret A.S. (2020–2024)
The table below shows the annual net assets of Kocaer Celik Sanayi ve Ticaret A.S. from 2020 to 2024. For live valuation and market cap data, see KCAER stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL9.50 Billion ≈ $212.68 Million |
+34.09% |
| 2023-12-31 | TL7.08 Billion ≈ $158.60 Million |
+26.78% |
| 2022-12-31 | TL5.59 Billion ≈ $125.11 Million |
+498.44% |
| 2021-12-31 | TL933.38 Million ≈ $20.91 Million |
+260.37% |
| 2020-12-31 | TL259.01 Million ≈ $5.80 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Kocaer Celik Sanayi ve Ticaret A.S.'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 466678411300.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL4.67 Billion | 49.27% |
| Other Components | TL4.80 Billion | 50.73% |
| Total Equity | TL9.47 Billion | 100.00% |
Kocaer Celik Sanayi ve Ticaret A.S. Competitors by Market Cap
The table below lists competitors of Kocaer Celik Sanayi ve Ticaret A.S. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Liming Intelligent Manufacturing Co Ltd
SHG:603048
|
$503.15 Million |
|
Jiangsu Apon Medical Technology Co Ltd Class A
SHE:300753
|
$503.17 Million |
|
Guangdong Huiyun Titanium Industry
SHE:300891
|
$503.39 Million |
|
Zhejiang Zhe Kuang Heavy Industry
SHE:300837
|
$503.41 Million |
|
BlackRock MIT II
NYSE:BLE
|
$503.04 Million |
|
Nanning Department Store Co Ltd
SHG:600712
|
$502.91 Million |
|
Jinhong Fashion Group Co Ltd
SHG:603518
|
$502.83 Million |
|
Bank Net Indonesia Syariah Tbk PT
JK:BANK
|
$502.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kocaer Celik Sanayi ve Ticaret A.S.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,062,463,397 to 9,470,009,261, a change of 2,407,545,864 (34.1%).
- Net income of 82,898,269 contributed positively to equity growth.
- Dividend payments of 225,329,936 reduced retained earnings.
- Other factors increased equity by 2,549,977,531.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL82.90 Million | +0.88% |
| Dividends Paid | TL225.33 Million | -2.38% |
| Other Changes | TL2.55 Billion | +26.93% |
| Total Change | TL- | 34.09% |
Book Value vs Market Value Analysis
This analysis compares Kocaer Celik Sanayi ve Ticaret A.S.'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: 2.37x
- 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 29.84x to 2.37x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | TL0.39 | TL11.73 | x |
| 2021-12-31 | TL0.48 | TL11.73 | x |
| 2022-12-31 | TL2.91 | TL11.73 | x |
| 2023-12-31 | TL10.74 | TL11.73 | x |
| 2024-12-31 | TL4.95 | TL11.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kocaer Celik Sanayi ve Ticaret A.S. 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): 0.88%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.43%
- • Asset Turnover: 0.97x
- • Equity Multiplier: 2.09x
- Recent ROE (0.88%) is below the historical average (17.62%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 31.48% | 4.14% | 1.37x | 5.56x | TL55.53 Million |
| 2021 | 14.28% | 3.14% | 1.22x | 3.73x | TL39.72 Million |
| 2022 | 17.30% | 5.48% | 1.48x | 2.13x | TL407.03 Million |
| 2023 | 24.16% | 7.68% | 1.82x | 1.73x | TL999.99 Million |
| 2024 | 0.88% | 0.43% | 0.97x | 2.09x | TL-864.10 Million |
Industry Comparison
This section compares Kocaer Celik Sanayi ve Ticaret A.S.'s net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $20,314,595,794
- Average return on equity (ROE) among peers: 15.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kocaer Celik Sanayi ve Ticaret A.S. (KCAER) | TL11.83 Billion | 31.48% | 0.99x | $503.11 Million |
| Ayes Celik Hasir ve Cit Sanayi AS (AYES) | $40.12 Million | 5.12% | 1.82x | $103.81 Million |
| BMS Celik Hasir Sanayi ve Ticaret AS (BMSCH) | $60.73 Million | 16.40% | 0.90x | $40.61 Million |
| Bms Birlesik Metal Sanayi ve Ticaret AS (BMSTL) | $601.49 Million | 20.50% | 0.74x | $304.04 Million |
| Borusan Mannesmann Boru Sanayi ve Ticaret AS (BRSAN) | $3.55 Billion | -0.30% | 1.27x | $1.74 Billion |
| Borusan Yatirim ve Pazarlama AS (BRYAT) | $367.10 Million | 9.29% | 0.02x | $1.30 Billion |
| Cemtas Celik Makina Sanayi ve Ticaret AS (CEMTS) | $170.44 Million | 7.94% | 0.16x | $122.96 Million |
| Doktas Dokumculuk Ticaret ve Sanayi AS (DOKTA) | $128.88 Million | 78.54% | 9.55x | $179.10 Million |
| Erciyas Celik Boru Sanayi A.S. (ERCB) | $1.16 Billion | 2.13% | 1.74x | $101.29 Million |
| Eregli Demir ve Celik Fabrikalari TAS (EREGL) | $191.53 Billion | 2.11% | 0.62x | $5.29 Billion |
| Iskenderun Demir ve Celik AS (ISDMR) | $5.54 Billion | 18.00% | 0.43x | $3.15 Billion |
About Kocaer Celik Sanayi ve Ticaret A.S.
Kocaer Celik Sanayi ve Ticaret Anonim Sirketi, together with its subsidiaries, engages in the production and sale of iron and steel products in Turkey and internationally. It offers merchant bars, such as equal angle, round, square, T, serrated flat, and flat bars; UB and UC universal beams, W beam, IPE beams, HEA/HEB beams, and IPN profiles; PFC, C, UPN, UAC, CH, and UPE channels; and mining and… Read more