Marti Otel Isletmeleri AS
Marti Otel Isletmeleri A.S. operates and leases hotels, motels, holiday villages, marinas, restaurants, and other touristic facilities in Turkey. Marti Otel Isletmeleri A.S. was founded in 1967 and is based in Istanbul, Turkey.
Marti Otel Isletmeleri AS (MARTI) - Net Assets
Latest net assets as of September 2025: TL13.60 Billion TRY
Based on the latest financial reports, Marti Otel Isletmeleri AS (MARTI) has net assets worth TL13.60 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 (TL23.34 Billion) and total liabilities (TL9.74 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 | TL13.60 Billion |
| % of Total Assets | 58.29% |
| Annual Growth Rate | 33.14% |
| 5-Year Change | 7286.66% |
| 10-Year Change | 3900.19% |
| Growth Volatility | 194.81 |
Marti Otel Isletmeleri AS - Net Assets Trend (2008–2025)
This chart illustrates how Marti Otel Isletmeleri AS's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Marti Otel Isletmeleri AS (2008–2025)
The table below shows the annual net assets of Marti Otel Isletmeleri AS from 2008 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | TL11.17 Billion | +25.70% |
| 2024-03-31 | TL8.89 Billion | +116.83% |
| 2023-03-31 | TL4.10 Billion | +273.11% |
| 2022-03-31 | TL1.10 Billion | +626.37% |
| 2021-03-31 | TL151.26 Million | +144.33% |
| 2020-03-31 | TL61.91 Million | -29.88% |
| 2019-03-31 | TL88.28 Million | -40.06% |
| 2018-03-31 | TL147.29 Million | -9.32% |
| 2017-03-31 | TL162.42 Million | -41.85% |
| 2016-03-31 | TL279.31 Million | -44.56% |
| 2015-03-31 | TL503.78 Million | +523.76% |
| 2014-03-31 | TL80.77 Million | -41.47% |
| 2013-03-31 | TL138.00 Million | -10.59% |
| 2012-03-31 | TL154.35 Million | -7.52% |
| 2011-03-31 | TL166.90 Million | +73.84% |
| 2010-03-31 | TL96.01 Million | +3.78% |
| 2009-03-31 | TL92.51 Million | +7.42% |
| 2008-03-31 | TL86.12 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Marti Otel Isletmeleri 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 40851791000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | TL5.07 Billion | 108.77% |
| Total Equity | TL4.66 Billion | 100.00% |
Marti Otel Isletmeleri AS Competitors by Market Cap
The table below lists competitors of Marti Otel Isletmeleri AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Innovative Technology Development Corp
VN:ITD
|
$16.64 Million |
|
Pierre & Vacances
LSE:0OQ0
|
$16.64 Million |
|
Hove AS
CO:HOVE
|
$16.64 Million |
|
Kimia Farma Persero Tbk
JK:KAEF
|
$16.65 Million |
|
Garanti Yatirim Ortakligi AS
IS:GRNYO
|
$16.63 Million |
|
Pharmx Technologies Ltd
AU:PHX
|
$16.63 Million |
|
FORCS Co.Ltd
KQ:189690
|
$16.63 Million |
|
Wintergreen Acquisition Corp. Ordinary Shares
NASDAQ:WTG
|
$16.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Marti Otel Isletmeleri AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,567,089,891 to 4,658,455,989, a change of 1,091,366,098 (30.6%).
- Net income of 228,927,561 contributed positively to equity growth.
- Other factors increased equity by 862,438,537.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL228.93 Million | +4.91% |
| Other Changes | TL862.44 Million | +18.51% |
| Total Change | TL- | 30.60% |
Book Value vs Market Value Analysis
This analysis compares Marti Otel Isletmeleri 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: 0.19x
- 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 9.31x to 0.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | TL0.16 | TL1.50 | x |
| 2018-03-31 | TL-0.07 | TL1.50 | x |
| 2019-03-31 | TL-0.74 | TL1.50 | x |
| 2020-03-31 | TL-1.08 | TL1.50 | x |
| 2021-03-31 | TL-0.93 | TL1.50 | x |
| 2022-03-31 | TL0.18 | TL1.50 | x |
| 2023-03-31 | TL2.68 | TL1.50 | x |
| 2024-03-31 | TL5.96 | TL1.50 | x |
| 2025-03-31 | TL7.78 | TL1.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Marti Otel Isletmeleri 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): 4.91%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.03%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 4.06x
- Recent ROE (4.91%) is above the historical average (-72.60%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 4.57% | 10.06% | 0.17x | 2.75x | TL-4.82 Million |
| 2010 | 3.67% | 7.43% | 0.19x | 2.62x | TL-5.84 Million |
| 2014 | -227.09% | -41.71% | 0.21x | 26.14x | TL-42.37 Million |
| 2015 | -16.75% | -55.80% | 0.09x | 3.43x | TL-77.78 Million |
| 2016 | -88.12% | -110.45% | 0.10x | 7.68x | TL-102.96 Million |
| 2017 | -724.82% | -232.70% | 0.06x | 56.59x | TL-100.09 Million |
| 2018 | 0.00% | -21.91% | 0.07x | 0.00x | TL-12.10 Million |
| 2019 | 0.00% | -85.82% | 0.11x | 0.00x | TL-96.58 Million |
| 2020 | 0.00% | -74.68% | 0.12x | 0.00x | TL-100.66 Million |
| 2021 | 0.00% | 168.27% | 0.04x | 0.00x | TL121.62 Million |
| 2022 | 36.51% | 9.25% | 0.04x | 95.87x | TL8.89 Million |
| 2023 | 0.04% | 0.20% | 0.05x | 4.18x | TL-158.96 Million |
| 2024 | -9.38% | -53.61% | 0.05x | 3.68x | TL-691.18 Million |
| 2025 | 4.91% | 20.03% | 0.06x | 4.06x | TL-236.92 Million |
Industry Comparison
This section compares Marti Otel Isletmeleri AS's net assets metrics with peer companies in the Lodging industry.
Industry Context
- Industry: Lodging
- Average net assets among peers: $135,296,298
- Average return on equity (ROE) among peers: 24.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Marti Otel Isletmeleri AS (MARTI) | TL13.60 Billion | 4.57% | 0.72x | $16.64 Million |
| Kustur Kusadasi Turizm Endustrisi AS (KSTUR) | $64.01 Million | 25.73% | 0.05x | $71.74 Million |
| Marmaris Altinyunus Turistik Tesisleri AS (MAALT) | $190.82 Million | 21.97% | 0.55x | $52.99 Million |
| Tek-Art Insaat Ticaret Turizm Sanayi ve Yatirimlar AS (TEKTU) | $170.86 Million | 1.73% | 0.06x | $93.03 Million |
| Ulaslar Turizm Yatirimlari ve Dayanikli Tuketim Mallari Ticaret Pazarlama AS (ULAS) | $115.50 Million | 49.47% | 0.23x | $21.50 Million |