Korfez Gayrimenkul Yatirim
Körfez Gayrimenkul Yatirim Ortakligi A.S. develops and markets real estate projects in Turkey. The company is headquartered in Istanbul, Turkey. Körfez Gayrimenkul Yatirim Ortakligi A.S. operates as a subsidiary of Kuveyt Türk Katilim Bankasi A.S.
Korfez Gayrimenkul Yatirim (KRGYO) - Net Assets
Latest net assets as of September 2025: TL2.34 Billion TRY
Based on the latest financial reports, Korfez Gayrimenkul Yatirim (KRGYO) has net assets worth TL2.34 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 (TL2.54 Billion) and total liabilities (TL198.84 Million). 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 | TL2.34 Billion |
| % of Total Assets | 92.16% |
| Annual Growth Rate | 31.78% |
| 5-Year Change | 902.33% |
| 10-Year Change | 2372.71% |
| Growth Volatility | 50.77 |
Korfez Gayrimenkul Yatirim - Net Assets Trend (2010–2024)
This chart illustrates how Korfez Gayrimenkul Yatirim's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Korfez Gayrimenkul Yatirim (2010–2024)
The table below shows the annual net assets of Korfez Gayrimenkul Yatirim from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL1.20 Billion | +52.83% |
| 2023-12-31 | TL787.13 Million | +188.69% |
| 2022-12-31 | TL272.65 Million | +88.83% |
| 2021-12-31 | TL144.39 Million | +20.31% |
| 2020-12-31 | TL120.02 Million | +5.42% |
| 2019-12-31 | TL113.84 Million | +13.34% |
| 2018-12-31 | TL100.45 Million | +4.86% |
| 2017-12-31 | TL95.80 Million | +12.32% |
| 2016-12-31 | TL85.29 Million | +75.31% |
| 2015-12-31 | TL48.65 Million | -1.66% |
| 2014-12-31 | TL49.47 Million | +56.28% |
| 2013-12-31 | TL31.66 Million | -1.19% |
| 2012-12-31 | TL32.04 Million | -6.86% |
| 2011-12-31 | TL34.40 Million | +36.30% |
| 2010-12-31 | TL25.24 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Korfez Gayrimenkul Yatirim'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 5548771900.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL55.49 Million | 4.61% |
| Other Components | TL1.15 Billion | 95.39% |
| Total Equity | TL1.20 Billion | 100.00% |
Korfez Gayrimenkul Yatirim Competitors by Market Cap
The table below lists competitors of Korfez Gayrimenkul Yatirim ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Landmarks Bhd
KLSE:1643
|
$6.51 Million |
|
Chibougamau Independent Mines Inc
PINK:CMAUF
|
$6.52 Million |
|
Nexalin Technology Inc.
NASDAQ:NXL
|
$6.52 Million |
|
Viveon Health Acquisition Corp
NYSE MKT:VHAQ
|
$6.52 Million |
|
BIOMAXIMA SA ZY 1
F:944
|
$6.51 Million |
|
Yuasa Battery (Thailand) Public Company Limited
BK:YUASA
|
$6.51 Million |
|
Diversified Gateway Solutions Bhd
KLSE:0131
|
$6.51 Million |
|
Intelligent Bio Solutions Inc.
NASDAQ:INBS
|
$6.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Korfez Gayrimenkul Yatirim's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 787,128,546 to 1,202,982,746, a change of 415,854,200 (52.8%).
- Net income of 66,766,441 contributed positively to equity growth.
- Other factors increased equity by 349,087,759.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL66.77 Million | +5.55% |
| Other Changes | TL349.09 Million | +29.02% |
| Total Change | TL- | 52.83% |
Book Value vs Market Value Analysis
This analysis compares Korfez Gayrimenkul Yatirim'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: 1.87x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | TL1.45 | TL2.80 | x |
| 2018-12-31 | TL1.52 | TL2.80 | x |
| 2019-12-31 | TL1.72 | TL2.80 | x |
| 2020-12-31 | TL1.82 | TL2.80 | x |
| 2021-12-31 | TL2.19 | TL2.80 | x |
| 2022-12-31 | TL4.13 | TL2.80 | x |
| 2023-12-31 | TL11.93 | TL2.80 | x |
| 2024-12-31 | TL1.50 | TL2.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Korfez Gayrimenkul Yatirim 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): 5.55%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 39.84%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 1.17x
- Recent ROE (5.55%) is below the historical average (15.25%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | -0.77% | -12.31% | 0.04x | 1.68x | TL-5.33 Million |
| 2015 | -1.57% | -39.28% | 0.02x | 2.12x | TL-5.63 Million |
| 2016 | 42.96% | 46.79% | 0.62x | 1.48x | TL28.11 Million |
| 2017 | 10.97% | 15.08% | 0.65x | 1.12x | TL929.57K |
| 2018 | 4.64% | 25.50% | 0.17x | 1.08x | TL-5.39 Million |
| 2019 | 11.79% | 116.17% | 0.09x | 1.08x | TL2.04 Million |
| 2020 | 5.23% | 29.19% | 0.13x | 1.39x | TL-5.72 Million |
| 2021 | 16.90% | 86.58% | 0.15x | 1.28x | TL9.96 Million |
| 2022 | 47.24% | 272.31% | 0.15x | 1.13x | TL101.54 Million |
| 2023 | 24.86% | 154.18% | 0.15x | 1.07x | TL116.99 Million |
| 2024 | 5.55% | 39.84% | 0.12x | 1.17x | TL-53.53 Million |
Industry Comparison
This section compares Korfez Gayrimenkul Yatirim's net assets metrics with peer companies in the REIT - Residential industry.
Industry Context
- Industry: REIT - Residential
- Average net assets among peers: $3,720,144,408
- Average return on equity (ROE) among peers: 22.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Korfez Gayrimenkul Yatirim (KRGYO) | TL2.34 Billion | -0.77% | 0.09x | $6.51 Million |
| Adra Gayrimenkul Yatirim Ortakligi Anonim Sirketi (ADGYO) | $5.06 Billion | 17.18% | 0.01x | $56.35 Million |
| Emlak Konut Gayrimenkul Yatirim Ortakligi AS (EKGYO) | $8.75 Billion | 10.91% | 0.71x | $2.09 Billion |
| Fuzul Gayrimenkul Yatirim Ortakligi Anonim Sirketi (FZLGY) | $486.34 Million | 60.15% | 4.52x | $146.73 Million |
| Sinpas Gayrimenkul Yatirim Ortakligi AS (SNGYO) | $579.82 Million | 3.20% | 0.19x | $200.46 Million |