Marti Otel Isletmeleri AS (MARTI) - Net Assets

Latest as of September 2025: TL13.60 Billion TRY ≈ $304.70 Million USD

Based on the latest financial reports, Marti Otel Isletmeleri AS (MARTI) has net assets worth TL13.60 Billion TRY (≈ $304.70 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 (TL23.34 Billion ≈ $522.75 Million USD) and total liabilities (TL9.74 Billion ≈ $218.05 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 resilient are Marti Otel Isletmeleri AS's assets to evaluate the company's liquid asset resilience ratio.

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. Also explore balance sheet size of Marti Otel Isletmeleri AS for the complete picture of this company's asset base.

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. For live valuation and market cap data, see market cap of Marti Otel Isletmeleri AS.

Year	Net Assets	Change
2025-03-31	TL11.17 Billion ≈ $250.25 Million	+25.70%
2024-03-31	TL8.89 Billion ≈ $199.09 Million	+116.83%
2023-03-31	TL4.10 Billion ≈ $91.81 Million	+273.11%
2022-03-31	TL1.10 Billion ≈ $24.61 Million	+626.37%
2021-03-31	TL151.26 Million ≈ $3.39 Million	+144.33%
2020-03-31	TL61.91 Million ≈ $1.39 Million	-29.88%
2019-03-31	TL88.28 Million ≈ $1.98 Million	-40.06%
2018-03-31	TL147.29 Million ≈ $3.30 Million	-9.32%
2017-03-31	TL162.42 Million ≈ $3.64 Million	-41.85%
2016-03-31	TL279.31 Million ≈ $6.26 Million	-44.56%
2015-03-31	TL503.78 Million ≈ $11.28 Million	+523.76%
2014-03-31	TL80.77 Million ≈ $1.81 Million	-41.47%
2013-03-31	TL138.00 Million ≈ $3.09 Million	-10.59%
2012-03-31	TL154.35 Million ≈ $3.46 Million	-7.52%
2011-03-31	TL166.90 Million ≈ $3.74 Million	+73.84%
2010-03-31	TL96.01 Million ≈ $2.15 Million	+3.78%
2009-03-31	TL92.51 Million ≈ $2.07 Million	+7.42%
2008-03-31	TL86.12 Million ≈ $1.93 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
Serco Group LSE:SRP	$32.45 Million
Far East Gold Ltd AU:FEG	$32.46 Million
K2A Knaust & Andersson Fastigheter AB (publ) ST:K2A-PREF	$32.48 Million
DongKoo Bio&Pharma Co. Ltd KQ:006620	$32.48 Million
Chiu Ting Machinery Co Ltd TW:1539	$32.44 Million
Q linea AB ST:QLINEA	$32.42 Million
Yayla Enerji Uretim Turizm ve IS:YAYLA	$32.40 Million
NovaBay Pharmaceuticals Inc NYSE MKT:NBY	$32.39 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: 0.31x
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 15.03x to 0.31x 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	TL2.42	x
2018-03-31	TL-0.07	TL2.42	x
2019-03-31	TL-0.74	TL2.42	x
2020-03-31	TL-1.08	TL2.42	x
2021-03-31	TL-0.93	TL2.42	x
2022-03-31	TL0.18	TL2.42	x
2023-03-31	TL2.68	TL2.42	x
2024-03-31	TL5.96	TL2.42	x
2025-03-31	TL7.78	TL2.42	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: $1,337,405,463
Average return on equity (ROE) among peers: 14.09%

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	$32.45 Million
Kustur Kusadasi Turizm Endustrisi AS (KSTUR)	$622.51 Million	37.06%	0.04x	$294.23 Million
Marmaris Altinyunus Turistik Tesisleri AS (MAALT)	$47.60 Million	8.71%	0.13x	$210.74 Million
Tek-Art Insaat Ticaret Turizm Sanayi ve Yatirimlar AS (TEKTU)	$4.65 Billion	-8.45%	0.33x	$92.29 Million
Ulaslar Turizm Yatirimlari ve Dayanikli Tuketim Mallari Ticaret Pazarlama AS (ULAS)	$31.11 Million	19.03%	0.14x	$16.82 Million

About Marti Otel Isletmeleri AS

IS:MARTI Turkey Lodging

Market Cap

$32.45 Million

TL1.45 Billion TRY

Market Cap Rank

#23453 Global

#421 in Turkey

Share Price

TL2.42

Change (1 day)

+4.76%

52-Week Range

TL1.35 - TL4.52

All Time High

TL8.62