Meka Beton Santralleri Imalat Sanayi ve Ticaret A.S.
Meka Global Makine Imalat Sanayi ve Ticaret Anonim Sirketi manufactures and sells crushing and screening equipment, and concrete batching plants in Turkey and internationally. It offers stationary, mobile, compact, precast, dry batch, and RCC concrete batching plants; single and twin shaft and planetary concrete mixers; cement silos, fiber feeding-dosing systems, concrete recycling systems, and m… Read more
Meka Beton Santralleri Imalat Sanayi ve Ticaret A.S. (MEKAG) - Net Assets
Latest net assets as of September 2024: TL1.05 Billion TRY
Based on the latest financial reports, Meka Beton Santralleri Imalat Sanayi ve Ticaret A.S. (MEKAG) has net assets worth TL1.05 Billion TRY as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL1.99 Billion) and total liabilities (TL934.92 Million). 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 | TL1.05 Billion |
| % of Total Assets | 52.99% |
| Annual Growth Rate | 173.29% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 185.79 |
Meka Beton Santralleri Imalat Sanayi ve Ticaret A.S. - Net Assets Trend (2020–2023)
This chart illustrates how Meka Beton Santralleri Imalat Sanayi ve Ticaret 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 Meka Beton Santralleri Imalat Sanayi ve Ticaret A.S. (2020–2023)
The table below shows the annual net assets of Meka Beton Santralleri Imalat Sanayi ve Ticaret A.S. from 2020 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | TL854.25 Million | +93.75% |
| 2022-12-31 | TL440.91 Million | +481.28% |
| 2021-12-31 | TL75.85 Million | +80.87% |
| 2020-12-31 | TL41.94 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Meka Beton Santralleri Imalat Sanayi ve Ticaret 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 885.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL242.22 Million | 28.35% |
| Other Components | TL612.04 Million | 71.65% |
| Total Equity | TL854.25 Million | 100.00% |
Meka Beton Santralleri Imalat Sanayi ve Ticaret A.S. Competitors by Market Cap
The table below lists competitors of Meka Beton Santralleri Imalat Sanayi ve Ticaret A.S. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TECHPOINT INC. JDR/1
F:R46
|
$45.58 Million |
|
China Automotive Systems Inc
NASDAQ:CAAS
|
$45.61 Million |
|
Lake Resources NL
OTCQB:LLKKF
|
$45.62 Million |
|
Cube Entertainment Inc
KQ:182360
|
$45.63 Million |
|
5E Advanced Materials Inc
NASDAQ:FEAM
|
$45.56 Million |
|
Crescendo Corporation Bhd
KLSE:6718
|
$45.55 Million |
|
The Character Group plc
PINK:CGROF
|
$45.55 Million |
|
Codes Combine Co. Ltd
KQ:047770
|
$45.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Meka Beton Santralleri Imalat Sanayi ve Ticaret A.S.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 440,913,877 to 854,253,535, a change of 413,339,658 (93.7%).
- Net income of 109,561,025 contributed positively to equity growth.
- New share issuances of 315,012,275 increased equity.
- Other factors decreased equity by 11,233,642.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL109.56 Million | +12.83% |
| Share Issuances | TL315.01 Million | +36.88% |
| Other Changes | TL-11.23 Million | -1.32% |
| Total Change | TL- | 93.75% |
Book Value vs Market Value Analysis
This analysis compares Meka Beton Santralleri Imalat Sanayi ve Ticaret 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: 0.55x
- 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 11.13x to 0.55x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | TL0.67 | TL7.47 | x |
| 2021-12-31 | TL1.21 | TL7.47 | x |
| 2022-12-31 | TL7.05 | TL7.47 | x |
| 2023-12-31 | TL13.67 | TL7.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Meka Beton Santralleri Imalat Sanayi ve Ticaret 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): 12.83%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.23%
- • Asset Turnover: 0.98x
- • Equity Multiplier: 1.81x
- Recent ROE (12.83%) is below the historical average (43.96%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 98.60% | 20.06% | 1.07x | 4.60x | TL37.16 Million |
| 2021 | 46.94% | 10.07% | 1.15x | 4.04x | TL28.02 Million |
| 2022 | 17.49% | 5.66% | 1.18x | 2.62x | TL33.04 Million |
| 2023 | 12.83% | 7.23% | 0.98x | 1.81x | TL24.14 Million |
Industry Comparison
This section compares Meka Beton Santralleri Imalat Sanayi ve Ticaret A.S.'s net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $7,271,771,174,984
- Average return on equity (ROE) among peers: 6.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Meka Beton Santralleri Imalat Sanayi ve Ticaret A.S. (MEKAG) | TL1.05 Billion | 98.60% | 0.89x | $45.57 Million |
| Afyon Cimento Sanayi TAS (AFYON) | $228.86 Million | 23.60% | 2.45x | $95.95 Million |
| Akcansa Cimento Sanayi ve Ticaret AS (AKCNS) | $3.67 Billion | 41.47% | 1.20x | $229.30 Million |
| Bastas Baskent Cimento Sanayi ve Ticaret AS (BASCM) | $464.37 Million | 5.58% | 0.43x | $8.07 Million |
| Bogazici Beton Sanayi ve Ticaret AS (BOBET) | $370.98 Million | 7.98% | 1.84x | $63.02 Million |
| Batisoke Soke Cimento Sanayi TAS (BSOKE) | $217.16 Million | -7.95% | 2.02x | $1.22 Billion |
| Baticim Bati Anadolu Cimento Sanayi AS (BTCIM) | $425.08 Million | 3.55% | 0.23x | $701.78 Million |
| Bursa Cimento Fabrikasi AS (BUCIM) | $242.77 Million | 0.00% | 0.22x | $120.16 Million |
| Cimsa Cimento Sanayi ve Ticaret AS (CIMSA) | $72.71 Trillion | 0.00% | 0.41x | $487.35 Million |
| Cimbeton Hazirbeton ve Prefabrik Yapi Elemanlari Sanayi ve Ticaret AS (CMBTN) | $31.82 Million | 0.00% | 0.62x | $6.40 Million |
| Cimentas Izmir Cimento Fabrikasi TAS (CMENT) | $1.20 Billion | -6.88% | 0.41x | $22.91 Million |