Marmaris Altinyunus Turistik Tesisleri AS (MAALT) - Net Assets

Latest as of September 2025: TL3.15 Billion TRY ≈ $70.60 Million USD

Based on the latest financial reports, Marmaris Altinyunus Turistik Tesisleri AS (MAALT) has net assets worth TL3.15 Billion TRY (≈ $70.60 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL3.91 Billion ≈ $87.62 Million USD) and total liabilities (TL759.63 Million ≈ $17.01 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. Read Marmaris Altinyunus Turistik Tesisleri A total liabilities for a breakdown of total debt and financial obligations.

Key Net Assets Metrics

Metric	Value
Current Net Assets	TL3.15 Billion
% of Total Assets	80.58%
Annual Growth Rate	20.94%
5-Year Change	2285.69%
10-Year Change	4276.12%
Growth Volatility	186.67

Marmaris Altinyunus Turistik Tesisleri AS - Net Assets Trend (2004–2024)

This chart illustrates how Marmaris Altinyunus Turistik Tesisleri AS's net assets have evolved over time, based on quarterly financial data. Also explore MAALT asset base for the complete picture of this company's asset base.

Annual Net Assets for Marmaris Altinyunus Turistik Tesisleri AS (2004–2024)

The table below shows the annual net assets of Marmaris Altinyunus Turistik Tesisleri AS from 2004 to 2024. For live valuation and market cap data, see Marmaris Altinyunus Turistik Tesisleri A market capitalisation.

Year	Net Assets	Change
2024-12-31	TL2.50 Billion ≈ $56.01 Million	+36.05%
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	--

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 81496160700.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Other Components	TL3.32 Billion	132.59%
Total Equity	TL2.50 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
Adgar Investments and Development Ltd TA:ADGR	$218.36 Million
Thanulux Public Company Limited BK:TNL	$218.38 Million
ALTEO ENERG.NYIL M.UF125 F:54O	$218.46 Million
Holiday Entertainment Co Ltd TW:9943	$218.47 Million
JNK India Ltd NSE:JNKINDIA	$218.24 Million
TuanChe ADR NASDAQ:TC	$217.88 Million
TCI Express Limited NSE:TCIEXP	$217.86 Million
Nampak JSE:NPK	$217.86 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 2023 to 2024, total equity changed from 1,838,162,998 to 2,500,733,054, a change of 662,570,056 (36.0%).
Net loss of 119,475,415 reduced equity.
Other factors increased equity by 782,045,471.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	TL-119.48 Million	-4.78%
Other Changes	TL782.05 Million	+31.27%
Total Change	TL-	36.05%

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: 3.14x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 102.81x to 3.14x 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	TL1128.00	x
2018-12-31	TL13.49	TL1128.00	x
2019-12-31	TL16.77	TL1128.00	x
2020-12-31	TL19.95	TL1128.00	x
2021-12-31	TL28.33	TL1128.00	x
2022-12-31	TL36.31	TL1128.00	x
2023-12-31	TL263.84	TL1128.00	x
2024-12-31	TL358.94	TL1128.00	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): -4.78%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -301.14%
• Asset Turnover: 0.01x
• Equity Multiplier: 1.17x
Recent ROE (-4.78%) is below the historical average (9.46%), 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-369.55 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: $1,451,452,121
Average return on equity (ROE) among peers: 9.49%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Marmaris Altinyunus Turistik Tesisleri AS (MAALT)	TL3.15 Billion	8.71%	0.24x	$218.28 Million
Kustur Kusadasi Turizm Endustrisi AS (KSTUR)	$622.51 Million	37.06%	0.04x	$303.27 Million
Marti Otel Isletmeleri AS (MARTI)	$503.78 Million	-9.67%	0.98x	$29.23 Million
Tek-Art Insaat Ticaret Turizm Sanayi ve Yatirimlar AS (TEKTU)	$4.65 Billion	-8.45%	0.33x	$81.35 Million
Ulaslar Turizm Yatirimlari ve Dayanikli Tuketim Mallari Ticaret Pazarlama AS (ULAS)	$31.11 Million	19.03%	0.14x	$16.88 Million

About Marmaris Altinyunus Turistik Tesisleri AS

IS:MAALT Turkey Lodging

Market Cap

$218.28 Million

TL9.75 Billion TRY

Market Cap Rank

#16208 Global

#191 in Turkey

Share Price

TL1128.00

Change (1 day)

-2.08%

52-Week Range

TL617.50 - TL1531.00

All Time High

TL1531.00