LDR Turizm AS (LIDER) - Net Assets
Based on the latest financial reports, LDR Turizm AS (LIDER) has net assets worth TL8.09 Billion TRY (≈ $181.16 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL11.46 Billion ≈ $256.70 Million USD) and total liabilities (TL3.37 Billion ≈ $75.54 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 LIDER strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL8.09 Billion |
| % of Total Assets | 70.57% |
| Annual Growth Rate | 142.5% |
| 5-Year Change | 3705.47% |
| 10-Year Change | N/A |
| Growth Volatility | 144.74 |
LDR Turizm AS - Net Assets Trend (2019–2024)
This chart illustrates how LDR Turizm AS's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see LDR Turizm AS stock valuation.
Annual Net Assets for LDR Turizm AS (2019–2024)
The table below shows the annual net assets of LDR Turizm AS from 2019 to 2024. Also explore LIDER year-over-year net asset growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL5.89 Billion ≈ $131.86 Million |
+22.72% |
| 2023-12-31 | TL4.80 Billion ≈ $107.45 Million |
+439.05% |
| 2022-12-31 | TL889.97 Million ≈ $19.93 Million |
+208.09% |
| 2021-12-31 | TL288.87 Million ≈ $6.47 Million |
+86.72% |
| 2020-12-31 | TL154.71 Million ≈ $3.47 Million |
+120.76% |
| 2019-12-31 | TL70.08 Million ≈ $1.57 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to LDR Turizm 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 19919.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL4.14 Billion | 70.36% |
| Other Components | TL1.74 Billion | 29.64% |
| Total Equity | TL5.89 Billion | 100.00% |
LDR Turizm AS Competitors by Market Cap
The table below lists competitors of LDR Turizm AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shandong Minhe Animal Husbandry Co Ltd
SHE:002234
|
$400.34 Million |
|
Sunfly Intelligent Technology Co Ltd
SHE:300423
|
$400.41 Million |
|
Nathans Famous Inc
NASDAQ:NATH
|
$400.42 Million |
|
Asia Aviation Public Company Limited
BK:AAV
|
$400.52 Million |
|
Whitefield Industrials Ltd
AU:WHF
|
$400.18 Million |
|
Clenergy Xiamen Technology Co Ltd
SHG:603628
|
$400.15 Million |
|
Shenzhen Wongtee International Enterprise Co Ltd
SHE:000056
|
$399.97 Million |
|
Quantum eMotion Corp.
V:QNC
|
$399.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in LDR Turizm AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,797,391,337 to 5,887,293,866, a change of 1,089,902,529 (22.7%).
- Net income of 758,337,102 contributed positively to equity growth.
- Share repurchases of 20,699,728 reduced equity.
- New share issuances of 250,554,269 increased equity.
- Other factors increased equity by 101,710,886.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL758.34 Million | +12.88% |
| Share Repurchases | TL20.70 Million | -0.35% |
| Share Issuances | TL250.55 Million | +4.26% |
| Other Changes | TL101.71 Million | +1.73% |
| Total Change | TL- | 22.72% |
Book Value vs Market Value Analysis
This analysis compares LDR Turizm 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: 0.60x
- 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 20.40x to 0.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | TL1.06 | TL21.66 | x |
| 2020-12-31 | TL2.34 | TL21.66 | x |
| 2021-12-31 | TL4.38 | TL21.66 | x |
| 2022-12-31 | TL13.48 | TL21.66 | x |
| 2023-12-31 | TL29.08 | TL21.66 | x |
| 2024-12-31 | TL36.12 | TL21.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently LDR Turizm 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): 12.88%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 33.52%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 1.39x
- Recent ROE (12.88%) is below the historical average (35.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 23.00% | 6.32% | 0.54x | 6.80x | TL9.11 Million |
| 2020 | 55.47% | 23.42% | 0.55x | 4.32x | TL70.35 Million |
| 2021 | 48.56% | 29.45% | 0.48x | 3.44x | TL111.40 Million |
| 2022 | 56.37% | 70.34% | 0.41x | 1.96x | TL412.67 Million |
| 2023 | 18.29% | 34.27% | 0.36x | 1.47x | TL397.66 Million |
| 2024 | 12.88% | 33.52% | 0.28x | 1.39x | TL169.61 Million |
Industry Comparison
This section compares LDR Turizm AS's net assets metrics with peer companies in the Rental & Leasing Services industry.
Industry Context
- Industry: Rental & Leasing Services
- Average net assets among peers: $357,437,307
- Average return on equity (ROE) among peers: 23.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| LDR Turizm AS (LIDER) | TL8.09 Billion | 23.00% | 0.42x | $400.23 Million |
| Beyaz Filo Oto Kiralama AS (BEYAZ) | $8.36 Million | 0.65% | 24.62x | $53.76 Million |
| Escar Turizm Tasimacilik Ticaret AS (ESCAR) | $525.64 Million | 49.50% | 1.19x | $473.71 Million |
| Platform Turizm Tasimacilik AS (PLTUR) | $538.31 Million | 21.30% | 1.63x | $107.22 Million |
About LDR Turizm AS
LDR Turizm A.S. provides long term car rental services. The company sells used cars; and offers professional, and roadside assistance; spare vehicles; maintenance, and repair; inspections; tire, and penalty management; valet; and insurance services. LDR Turizm A.S. was founded in 2010 and is headquartered in Istanbul, Turkey.