Ittifak Holding A.S.
Loras Holding A.S. engages in the food, construction, real estate investment, machinery, and energy businesses in Turkey. It produces and markets feed mills machinery; produces flour; and rents real estate properties. The company is also involved in the development, rental, and facility management of real estate projects, such as housing, residences, offices, business centers, industrial centers,… Read more
Ittifak Holding A.S. (LRSHO) - Net Assets
Latest net assets as of September 2025: TL23.44 Billion TRY
Based on the latest financial reports, Ittifak Holding A.S. (LRSHO) has net assets worth TL23.44 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 (TL31.69 Billion) and total liabilities (TL8.25 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 | TL23.44 Billion |
| % of Total Assets | 73.97% |
| Annual Growth Rate | 91.12% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 93.93 |
Ittifak Holding A.S. - Net Assets Trend (2020–2024)
This chart illustrates how Ittifak Holding A.S.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ittifak Holding A.S. (2020–2024)
The table below shows the annual net assets of Ittifak Holding A.S. from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-09-30 | TL18.46 Billion | +4.56% |
| 2023-09-30 | TL17.65 Billion | +81.86% |
| 2022-09-30 | TL9.71 Billion | +262.06% |
| 2021-09-30 | TL2.68 Billion | +93.82% |
| 2020-09-30 | TL1.38 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ittifak Holding 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 167480300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (September 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL1.60 Billion | 28.08% |
| Other Components | TL4.09 Billion | 71.92% |
| Total Equity | TL5.68 Billion | 100.00% |
Ittifak Holding A.S. Competitors by Market Cap
The table below lists competitors of Ittifak Holding A.S. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Calisa Acquisition Corp Ordinary shares
NASDAQ:ALIS
|
$62.35 Million |
|
Dialight plc
PINK:DIALF
|
$62.35 Million |
|
Nnit AS
CO:NNIT
|
$62.36 Million |
|
GM Breweries Limited
NSE:GMBREW
|
$62.36 Million |
|
NCT Alliance Bhd
KLSE:0056
|
$62.35 Million |
|
Xtract One Technologies Inc.
OTCQX:XTRAF
|
$62.35 Million |
|
Westag & Getalit ST O.N.
F:WUG
|
$62.35 Million |
|
Ffbw Inc
OTCQX:FFBW
|
$62.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ittifak Holding A.S.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,133,219,000 to 5,682,278,000, a change of 1,549,059,000 (37.5%).
- Net income of 617,812,000 contributed positively to equity growth.
- Other factors increased equity by 931,247,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL617.81 Million | +10.87% |
| Other Changes | TL931.25 Million | +16.39% |
| Total Change | TL- | 37.48% |
Book Value vs Market Value Analysis
This analysis compares Ittifak Holding 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: 0.47x
- 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 3.20x to 0.47x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-09-30 | TL1.10 | TL3.51 | x |
| 2021-09-30 | TL1.43 | TL3.51 | x |
| 2022-09-30 | TL3.05 | TL3.51 | x |
| 2023-09-30 | TL6.91 | TL3.51 | x |
| 2024-09-30 | TL7.44 | TL3.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ittifak Holding 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): 10.87%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.28%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 4.21x
- Recent ROE (10.87%) is above the historical average (-18.59%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 0.25% | 0.20% | 0.28x | 4.51x | TL-63.98 Million |
| 2021 | 6.93% | 8.48% | 0.17x | 4.70x | TL-26.17 Million |
| 2022 | -126.22% | -86.25% | 0.21x | 7.13x | TL-2.48 Billion |
| 2023 | 15.20% | 13.46% | 0.20x | 5.59x | TL214.86 Million |
| 2024 | 10.87% | 13.28% | 0.19x | 4.21x | TL49.58 Million |
Industry Comparison
This section compares Ittifak Holding A.S.'s net assets metrics with peer companies in the Conglomerates industry.
Industry Context
- Industry: Conglomerates
- Average net assets among peers: $34,932,716,290,797
- Average return on equity (ROE) among peers: 2.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ittifak Holding A.S. (LRSHO) | TL23.44 Billion | 0.25% | 0.35x | $62.35 Million |
| AG Anadolu Group Holding (AGHOL) | $17.43 Billion | -0.75% | 1.18x | $626.55 Million |
| AGROT (AGROT) | $471.59 Million | 3.65% | 0.45x | $5.12 Million |
| Alarko Holding AS (ALARK) | $349.27 Trillion | 0.00% | 2.03x | $413.66 Million |
| Bera Holding AS (BERA) | $25.86 Billion | 3.08% | 0.30x | $4.95K |
| BINHO (BINHO) | $6.33 Billion | 0.00% | 0.30x | $64.70 Million |
| Berkosan Yalitim ve Tecrit Maddeleri Uretim ve Ticaret AS (BRKSN) | $2.92 Million | 0.00% | 1.97x | $16.53 Million |
| Dogan Sirketler Grubu Holding AS (DOHOL) | $3.00 Billion | -15.72% | 2.09x | $547.17 Million |
| Eczacibasi Yatirim Holding Ortakligi AS (ECZYT) | $424.68 Million | 4.10% | 0.02x | $160.94 Million |
| Federal Mogul Izmit Piston ve Pim Uretim Tesisleri AS (FMIZP) | $25.77 Million | 20.72% | 0.09x | $26.62 Million |
| Global Yatirim Holding AS (GLYHO) | $143.23 Million | 8.80% | 0.65x | $527.29 Million |