Kordsa Global Endustriyel Iplik ve Kord Bezi Sanayi ve Ticaret AS (KORDS) - Net Assets

Latest as of December 2024: TL17.21 Billion TRY ≈ $385.35 Million USD

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 (≈ $385.35 Million USD) 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 ≈ $981.16 Million USD) and total liabilities (TL26.60 Billion ≈ $595.81 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 KORDS financial resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore total assets of Kordsa Global Endustriyel Iplik ve Kord for the complete picture of this company's asset base.

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. For live valuation and market cap data, see KORDS market cap.

Year Net Assets Change
2024-12-31 TL17.21 Billion
≈ $385.35 Million		 +7.13%
2023-12-31 TL16.06 Billion
≈ $359.72 Million		 +60.19%
2022-12-31 TL10.03 Billion
≈ $224.56 Million		 +54.64%
2021-12-31 TL6.48 Billion
≈ $145.22 Million		 +97.78%
2020-12-31 TL3.28 Billion
≈ $73.42 Million		 +16.26%
2019-12-31 TL2.82 Billion
≈ $63.15 Million		 +20.55%
2018-12-31 TL2.34 Billion
≈ $52.39 Million		 +41.93%
2017-12-31 TL1.65 Billion
≈ $36.91 Million		 +11.98%
2016-12-31 TL1.47 Billion
≈ $32.96 Million		 +21.02%
2015-12-31 TL1.22 Billion
≈ $27.24 Million		 +11.89%
2014-12-31 TL1.09 Billion
≈ $24.34 Million		 +3.64%
2013-12-31 TL1.05 Billion
≈ $23.49 Million		 +5.91%
2012-12-31 TL990.19 Million
≈ $22.18 Million		 -6.20%
2011-12-31 TL1.06 Billion
≈ $23.64 Million		 +16.36%
2010-12-31 TL907.26 Million
≈ $20.32 Million		 +7.65%
2009-12-31 TL842.79 Million
≈ $18.88 Million		 +7.66%
2008-12-31 TL782.86 Million
≈ $17.53 Million		 +18.90%
2007-12-31 TL658.45 Million
≈ $14.75 Million		 -14.40%
2006-12-31 TL769.19 Million
≈ $17.23 Million		 +22.28%
2005-12-31 TL629.06 Million
≈ $14.09 Million		 -100.00%
2002-12-31 TL156.32 Trillion
≈ $3.50 Trillion		 +60.45%
2001-12-31 TL97.42 Trillion
≈ $2.18 Trillion		 +59.52%
2000-12-31 TL61.07 Trillion
≈ $1.37 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
Waterstone Financial Inc
NASDAQ:WSBF
 $285.90 Million
Designer Brands Inc
NYSE:DBI
 $285.90 Million
Grupo Empresas Navieras SA
SN:NAVIERA
 $285.92 Million
Agilyx AS
OL:AGLX
 $286.22 Million
Gs Global
KO:001250
 $285.68 Million
SDT Uzay ve Savunma Teknolojileri A.S.
IS:SDTTR
 $285.53 Million
Super Group Ltd.
JSE:SPG
 $285.50 Million
Anel Elektrik Proje Taahhut ve Ticaret AS
IS:ANELE
 $285.49 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: 0.95x
  • 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 9.99x to 0.95x 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 TL65.60 x
2018-12-31 TL9.43 TL65.60 x
2019-12-31 TL11.55 TL65.60 x
2020-12-31 TL13.27 TL65.60 x
2021-12-31 TL26.97 TL65.60 x
2022-12-31 TL41.22 TL65.60 x
2023-12-31 TL66.03 TL65.60 x
2024-12-31 TL69.39 TL65.60 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: $23,680,829,984,147
  • Average return on equity (ROE) among peers: 6.11%

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 $285.82 Million
Aksa Akrilik Kimya Sanayi AS (AKSA) $236.81 Trillion 33.40% 0.74x $921.48 Million
Artemis Hali As (ARTMS) $272.08 Million 26.83% 1.43x $68.11 Million
Akin Tekstil AS (ATEKS) $472.41 Million 2.56% 0.55x $53.06 Million
Bilici Yatirim Sanayi ve Ticaret AS (BLCYT) $17.39 Million 0.00% 0.32x $72.93 Million
Bossa Ticaret ve Sanayi Isletmeleri TAS (BOSSA) $298.27 Million -2.90% 1.41x $185.26 Million
Birko Birlesik Koyunlulular Mensucat Ticaret ve Sanayi AS (BRKO) $128.68 Million 2.74% 0.71x $43.90 Million
Birlik Mensucat Ticaret ve Sanayi Isletmesi AS (BRMEN) $-10.52 Million 0.00% 0.00x $7.00 Million
Diriteks Dirilis Tekstil Sanayi ve Ticaret AS (DIRIT) $-771.23K 0.00% 0.00x $6.44 Million
Ensari Deri Gida Sanayi ve Ticaret AS (ENSRI) $55.50 Million 3.13% 1.78x $178.24 Million
Hateks Hatay Tekstil Isletmeleri AS (HATEK) $1.56 Billion -4.68% 1.24x $24.03 Million

About Kordsa Global Endustriyel Iplik ve Kord Bezi Sanayi ve Ticaret AS

IS:KORDS Turkey Textile Manufacturing
Market Cap
$285.82 Million
TL12.76 Billion TRY
Market Cap Rank
#15166 Global
#153 in Turkey
Share Price
TL65.60
Change (1 day)
+1.94%
52-Week Range
TL47.70 - TL70.75
All Time High
TL114.90
Categories
Companies in Turkey Textile Manufacturing
About

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