Marmaris Altinyunus Turistik Tesisleri AS (MAALT) - Net Assets
Based on the latest financial reports, Marmaris Altinyunus Turistik Tesisleri AS (MAALT) has net assets worth TL4.90 Billion TRY (≈ $109.81 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL5.61 Billion ≈ $125.55 Million USD) and total liabilities (TL702.48 Million ≈ $15.73 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 how tangible is Marmaris Altinyunus Turistik Tesisleri A's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL4.90 Billion |
| % of Total Assets | 87.47% |
| Annual Growth Rate | 23.76% |
| 5-Year Change | 3193.08% |
| 10-Year Change | 8770.34% |
| Growth Volatility | 182.21 |
Marmaris Altinyunus Turistik Tesisleri AS - Net Assets Trend (2004–2025)
This chart illustrates how Marmaris Altinyunus Turistik Tesisleri AS's net assets have evolved over time, based on quarterly financial data. See Marmaris Altinyunus Turistik Tesisleri A liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Marmaris Altinyunus Turistik Tesisleri AS (2004–2025)
The table below shows the annual net assets of Marmaris Altinyunus Turistik Tesisleri AS from 2004 to 2025. For live valuation and market cap data, see Marmaris Altinyunus Turistik Tesisleri A market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | TL4.90 Billion ≈ $109.81 Million |
+49.79% |
| 2024-12-31 | TL3.27 Billion ≈ $73.31 Million |
+78.07% |
| 2023-12-31 | TL1.84 Billion ≈ $41.17 Million |
+863.30% |
| 2022-12-31 | TL190.82 Million ≈ $4.27 Million |
+28.16% |
| 2021-12-31 | TL148.89 Million ≈ $3.33 Million |
+42.04% |
| 2020-12-31 | TL104.82 Million ≈ $2.35 Million |
+18.94% |
| 2019-12-31 | TL88.13 Million ≈ $1.97 Million |
+24.21% |
| 2018-12-31 | TL70.96 Million ≈ $1.59 Million |
+22.96% |
| 2017-12-31 | TL57.71 Million ≈ $1.29 Million |
+4.40% |
| 2016-12-31 | TL55.27 Million ≈ $1.24 Million |
-3.28% |
| 2015-12-31 | TL57.15 Million ≈ $1.28 Million |
+6.05% |
| 2014-12-31 | TL53.89 Million ≈ $1.21 Million |
+5.73% |
| 2013-12-31 | TL50.97 Million ≈ $1.14 Million |
+0.15% |
| 2012-12-31 | TL50.89 Million ≈ $1.14 Million |
+6.92% |
| 2011-12-31 | TL47.60 Million ≈ $1.07 Million |
+9.54% |
| 2010-12-31 | TL43.45 Million ≈ $973.17K |
+5.65% |
| 2009-12-31 | TL41.13 Million ≈ $921.14K |
+2.03% |
| 2008-12-31 | TL40.31 Million ≈ $902.77K |
-2.64% |
| 2007-12-31 | TL41.40 Million ≈ $927.21K |
-8.44% |
| 2006-12-31 | TL45.21 Million ≈ $1.01 Million |
-12.48% |
| 2005-12-31 | TL51.66 Million ≈ $1.16 Million |
-7.40% |
| 2004-12-31 | TL55.79 Million ≈ $1.25 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Marmaris Altinyunus Turistik Tesisleri 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 decreased by 103707489700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | TL5.94 Billion | 121.15% |
| Total Equity | TL4.90 Billion | 100.00% |
Marmaris Altinyunus Turistik Tesisleri AS Competitors by Market Cap
The table below lists competitors of Marmaris Altinyunus Turistik Tesisleri AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Even Construtora e Incorporadora S.A
SA:EVEN3
|
$224.01 Million |
|
UNISEM Co. Ltd
KQ:036200
|
$224.13 Million |
|
Guangdong Electric Power Devel
SHE:200539
|
$224.22 Million |
|
Patagonia Gold Corp
V:PGDC
|
$224.28 Million |
|
Yatsen Holding
NYSE:YSG
|
$223.86 Million |
|
SharonAI Holdings, Inc. Class A Common Stock
NASDAQ:SHAZ
|
$223.83 Million |
|
Kaset Thai International Sugar Corporation Public Company Limited
BK:KTIS
|
$223.78 Million |
|
Silicon Valley Acquisition Corp. Class A Ordinary Shares
NASDAQ:SVAQ
|
$223.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Marmaris Altinyunus Turistik Tesisleri AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,273,259,510 to 4,902,943,697, a change of 1,629,684,187 (49.8%).
- Net income of 29,644,649 contributed positively to equity growth.
- Other factors increased equity by 1,600,039,538.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL29.64 Million | +0.6% |
| Other Changes | TL1.60 Billion | +32.63% |
| Total Change | TL- | 49.79% |
Book Value vs Market Value Analysis
This analysis compares Marmaris Altinyunus Turistik Tesisleri 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: 2.04x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 105.45x to 2.04x 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 | TL10.97 | TL1157.00 | x |
| 2018-12-31 | TL13.49 | TL1157.00 | x |
| 2019-12-31 | TL16.77 | TL1157.00 | x |
| 2020-12-31 | TL19.95 | TL1157.00 | x |
| 2021-12-31 | TL28.33 | TL1157.00 | x |
| 2022-12-31 | TL36.31 | TL1157.00 | x |
| 2023-12-31 | TL263.84 | TL1157.00 | x |
| 2024-12-31 | TL469.82 | TL1157.00 | x |
| 2025-12-31 | TL567.47 | TL1157.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Marmaris Altinyunus Turistik Tesisleri 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): 0.60%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 59.41%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.14x
- Recent ROE (0.60%) is below the historical average (8.87%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 8.71% | 24.16% | 0.32x | 1.13x | TL-612.70K |
| 2012 | 6.47% | 25.32% | 0.23x | 1.12x | TL-1.80 Million |
| 2013 | 2.00% | 15.79% | 0.12x | 1.03x | TL-4.08 Million |
| 2014 | 5.43% | 53.95% | 0.10x | 1.02x | TL-2.46 Million |
| 2015 | 5.72% | 48.39% | 0.11x | 1.04x | TL-2.45 Million |
| 2016 | 1.71% | 39.50% | 0.04x | 1.14x | TL-4.58 Million |
| 2017 | 4.22% | 38.15% | 0.09x | 1.18x | TL-3.33 Million |
| 2018 | 18.79% | 294.61% | 0.03x | 2.13x | TL6.23 Million |
| 2019 | 19.50% | 351.74% | 0.03x | 1.87x | TL8.37 Million |
| 2020 | 15.93% | 339.60% | 0.03x | 1.68x | TL6.21 Million |
| 2021 | 29.59% | 903.11% | 0.02x | 1.50x | TL29.17 Million |
| 2022 | 21.97% | 873.73% | 0.02x | 1.55x | TL22.84 Million |
| 2023 | -2.85% | -139.86% | 0.02x | 1.18x | TL-236.12 Million |
| 2024 | -4.78% | -301.14% | 0.01x | 1.17x | TL-483.71 Million |
| 2025 | 0.60% | 59.41% | 0.01x | 1.14x | TL-460.65 Million |
Industry Comparison
This section compares Marmaris Altinyunus Turistik Tesisleri AS's net assets metrics with peer companies in the Lodging industry.
Industry Context
- Industry: Lodging
- Average net assets among peers: $1,200,057,493
- Average return on equity (ROE) among peers: -26.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Marmaris Altinyunus Turistik Tesisleri AS (MAALT) | TL4.90 Billion | 8.71% | 0.14x | $223.90 Million |
| Kustur Kusadasi Turizm Endustrisi AS (KSTUR) | $49.31 Million | 28.47% | 0.07x | $267.38 Million |
| Marti Otel Isletmeleri AS (MARTI) | $88.28 Million | -117.20% | 10.89x | $24.94 Million |
| Tek-Art Insaat Ticaret Turizm Sanayi ve Yatirimlar AS (TEKTU) | $4.65 Billion | -8.45% | 0.33x | $66.84 Million |
| Ulaslar Turizm Yatirimlari ve Dayanikli Tuketim Mallari Ticaret Pazarlama AS (ULAS) | $14.23 Million | -7.39% | 1.22x | $15.35 Million |
About Marmaris Altinyunus Turistik Tesisleri AS
Marmaris Altinyunus Turistik Tesisler A.S. engages in hotels and tourism services in Turkey. It operates tourist hotels in Antalya and Marmaris; and leases tourist facilities. The company was incorporated in 1986 and is based in Antalya, Turkey.