Kordsa Global Endustriyel Iplik ve Kord Bezi Sanayi ve Ticaret AS
Kordsa Teknik Tekstil A.S. manufactures and sells vehicle tires and related products in North America, South America, Europe, the Middle East, Africa, and Asia. It is involved in the manufacturing of industrial cloths, transmission belts, v-belts, rubber hoses, and rubber and plastic products; industrial single cord with industrial fabrics in the structure of the material; heavy denier fiber and … Read more
Kordsa Global Endustriyel Iplik ve Kord Bezi Sanayi ve Ticaret AS (KORDS) - Net Assets
Latest net assets as of December 2024: TL17.21 Billion TRY
Based on the latest financial reports, Kordsa Global Endustriyel Iplik ve Kord Bezi Sanayi ve Ticaret AS (KORDS) has net assets worth TL17.21 Billion TRY as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL43.81 Billion) and total liabilities (TL26.60 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 | TL17.21 Billion |
| % of Total Assets | 39.28% |
| Annual Growth Rate | -28.87% |
| 5-Year Change | 424.85% |
| 10-Year Change | 1314.88% |
| Growth Volatility | 36.87 |
Kordsa Global Endustriyel Iplik ve Kord Bezi Sanayi ve Ticaret AS - Net Assets Trend (2000–2024)
This chart illustrates how Kordsa Global Endustriyel Iplik ve Kord Bezi 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 Kordsa Global Endustriyel Iplik ve Kord Bezi Sanayi ve Ticaret AS (2000–2024)
The table below shows the annual net assets of Kordsa Global Endustriyel Iplik ve Kord Bezi Sanayi ve Ticaret AS from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL17.21 Billion | +7.13% |
| 2023-12-31 | TL16.06 Billion | +60.19% |
| 2022-12-31 | TL10.03 Billion | +54.64% |
| 2021-12-31 | TL6.48 Billion | +97.78% |
| 2020-12-31 | TL3.28 Billion | +16.26% |
| 2019-12-31 | TL2.82 Billion | +20.55% |
| 2018-12-31 | TL2.34 Billion | +41.93% |
| 2017-12-31 | TL1.65 Billion | +11.98% |
| 2016-12-31 | TL1.47 Billion | +21.02% |
| 2015-12-31 | TL1.22 Billion | +11.89% |
| 2014-12-31 | TL1.09 Billion | +3.64% |
| 2013-12-31 | TL1.05 Billion | +5.91% |
| 2012-12-31 | TL990.19 Million | -6.20% |
| 2011-12-31 | TL1.06 Billion | +16.36% |
| 2010-12-31 | TL907.26 Million | +7.65% |
| 2009-12-31 | TL842.79 Million | +7.66% |
| 2008-12-31 | TL782.86 Million | +18.90% |
| 2007-12-31 | TL658.45 Million | -14.40% |
| 2006-12-31 | TL769.19 Million | +22.28% |
| 2005-12-31 | TL629.06 Million | -100.00% |
| 2002-12-31 | TL156.32 Trillion | +60.45% |
| 2001-12-31 | TL97.42 Trillion | +59.52% |
| 2000-12-31 | TL61.07 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kordsa Global Endustriyel Iplik ve Kord Bezi 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 grown by 174464336200.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL1.74 Billion | 12.92% |
| Other Components | TL11.75 Billion | 87.08% |
| Total Equity | TL13.50 Billion | 100.00% |
Kordsa Global Endustriyel Iplik ve Kord Bezi Sanayi ve Ticaret AS Competitors by Market Cap
The table below lists competitors of Kordsa Global Endustriyel Iplik ve Kord Bezi Sanayi ve Ticaret AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Arise AB
LSE:0MFA
|
$90.82 Million |
|
Birla Carbon (Thailand) Public Company Limited
BK:BCT
|
$90.82 Million |
|
The Pinkfong Company
KQ:403850
|
$90.90 Million |
|
Eightco Holdings Inc.
NASDAQ:ORBS
|
$90.92 Million |
|
Korvest Ltd
AU:KOV
|
$90.77 Million |
|
Great China Metal Industry Co Ltd
TW:9905
|
$90.73 Million |
|
NoHo Partners Oyj
HE:NOHO
|
$90.72 Million |
|
CAMBI ASA NK -02
F:3W7
|
$90.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kordsa Global Endustriyel Iplik ve Kord Bezi Sanayi ve Ticaret AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 12,844,248,184 to 13,498,264,771, a change of 654,016,587 (5.1%).
- Net loss of 1,096,131,983 reduced equity.
- Other factors increased equity by 1,750,148,570.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL-1.10 Billion | -8.12% |
| Other Changes | TL1.75 Billion | +12.97% |
| Total Change | TL- | 5.09% |
Book Value vs Market Value Analysis
This analysis compares Kordsa Global Endustriyel Iplik ve Kord Bezi 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: 0.83x
- 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 8.73x to 0.83x 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 | TL6.56 | TL57.30 | x |
| 2018-12-31 | TL9.43 | TL57.30 | x |
| 2019-12-31 | TL11.55 | TL57.30 | x |
| 2020-12-31 | TL13.27 | TL57.30 | x |
| 2021-12-31 | TL26.97 | TL57.30 | x |
| 2022-12-31 | TL41.22 | TL57.30 | x |
| 2023-12-31 | TL66.03 | TL57.30 | x |
| 2024-12-31 | TL69.39 | TL57.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kordsa Global Endustriyel Iplik ve Kord Bezi 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): -8.12%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.60%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 3.25x
- Recent ROE (-8.12%) is below the historical average (8.82%), 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 | 17.66% | 10.48% | 0.88x | 1.91x | TL11.97 Trillion |
| 2009 | 4.80% | 3.49% | 0.83x | 1.66x | TL-38.43 Million |
| 2010 | 4.97% | 3.12% | 0.95x | 1.68x | TL-39.90 Million |
| 2011 | 9.55% | 5.39% | 0.96x | 1.85x | TL-4.16 Million |
| 2012 | 4.71% | 2.66% | 0.95x | 1.87x | TL-44.52 Million |
| 2013 | 3.51% | 1.99% | 0.87x | 2.04x | TL-56.99 Million |
| 2014 | 8.06% | 4.20% | 0.86x | 2.22x | TL-17.20 Million |
| 2015 | 10.27% | 5.72% | 0.80x | 2.25x | TL2.60 Million |
| 2016 | 12.40% | 7.50% | 0.75x | 2.20x | TL27.67 Million |
| 2017 | 12.93% | 6.64% | 0.87x | 2.24x | TL37.41 Million |
| 2018 | 15.94% | 7.41% | 0.82x | 2.63x | TL108.97 Million |
| 2019 | 15.12% | 6.61% | 0.72x | 3.19x | TL115.06 Million |
| 2020 | 5.93% | 3.37% | 0.60x | 2.95x | TL-105.14 Million |
| 2021 | 14.65% | 9.74% | 0.56x | 2.67x | TL243.96 Million |
| 2022 | 16.08% | 6.99% | 0.78x | 2.94x | TL487.41 Million |
| 2023 | 1.43% | 0.78% | 0.67x | 2.72x | TL-1.10 Billion |
| 2024 | -8.12% | -3.60% | 0.69x | 3.25x | TL-2.45 Billion |
Industry Comparison
This section compares Kordsa Global Endustriyel Iplik ve Kord Bezi Sanayi ve Ticaret AS's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $719,063,395
- Average return on equity (ROE) among peers: 11.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kordsa Global Endustriyel Iplik ve Kord Bezi Sanayi ve Ticaret AS (KORDS) | TL17.21 Billion | 17.66% | 1.55x | $90.81 Million |
| Aksa Akrilik Kimya Sanayi AS (AKSA) | $5.74 Billion | 59.61% | 0.99x | $1.12 Billion |
| Artemis Hali As (ARTMS) | $272.08 Million | 26.83% | 1.43x | $12.92 Million |
| Akin Tekstil AS (ATEKS) | $190.49 Million | 0.00% | 0.27x | $9.27 Million |
| Bilici Yatirim Sanayi ve Ticaret AS (BLCYT) | $16.16 Million | 0.00% | 0.30x | $39.77 Million |
| Bossa Ticaret ve Sanayi Isletmeleri TAS (BOSSA) | $678.16 Million | 48.24% | 1.72x | $18.58 Million |
| Birko Birlesik Koyunlulular Mensucat Ticaret ve Sanayi AS (BRKO) | $59.69 Million | 0.00% | 1.13x | $48.27 Million |
| Birlik Mensucat Ticaret ve Sanayi Isletmesi AS (BRMEN) | $34.61 Million | -25.17% | 2.08x | $7.54 Million |
| Diriteks Dirilis Tekstil Sanayi ve Ticaret AS (DIRIT) | $15.05 Million | 0.24% | 0.51x | $7.36 Million |
| Ensari Deri Gida Sanayi ve Ticaret AS (ENSRI) | $55.50 Million | 3.13% | 1.78x | $184.12 Million |
| Hateks Hatay Tekstil Isletmeleri AS (HATEK) | $128.56 Million | 0.26% | 0.32x | $17.54 Million |