Mercan Kimya Sanayi ve Ticaret AS
Mercan Kimya Sanayi Ve Ticaret Anonim Sirketi produces, buys, and sells solid and liquid paraffin, emulsion, and Vaseline in Turkey and internationally. The company also buys and sells cosmetics, detergents, and industrial products, as well as offers petroleum jelly. Mercan Kimya Sanayi Ve Ticaret Anonim Sirketi was founded in 1977 and is headquartered in Denizli, Turkey.
Mercan Kimya Sanayi ve Ticaret AS (MERCN) - Net Assets
Latest net assets as of September 2025: TL2.24 Billion TRY
Based on the latest financial reports, Mercan Kimya Sanayi ve Ticaret AS (MERCN) has net assets worth TL2.24 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 (TL3.68 Billion) and total liabilities (TL1.44 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 | TL2.24 Billion |
| % of Total Assets | 60.82% |
| Annual Growth Rate | 104.48% |
| 5-Year Change | 2311.85% |
| 10-Year Change | N/A |
| Growth Volatility | 117.24 |
Mercan Kimya Sanayi ve Ticaret AS - Net Assets Trend (2018–2024)
This chart illustrates how Mercan Kimya Sanayi ve Ticaret 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 Mercan Kimya Sanayi ve Ticaret AS (2018–2024)
The table below shows the annual net assets of Mercan Kimya Sanayi ve Ticaret AS from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL1.79 Billion | +36.32% |
| 2023-12-31 | TL1.31 Billion | +94.98% |
| 2022-12-31 | TL671.77 Million | +87.72% |
| 2021-12-31 | TL357.87 Million | +383.38% |
| 2020-12-31 | TL74.03 Million | +58.45% |
| 2019-12-31 | TL46.72 Million | +91.45% |
| 2018-12-31 | TL24.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mercan Kimya Sanayi ve Ticaret 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 grown by 24005211400.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL233.73 Million | 13.09% |
| Other Components | TL1.55 Billion | 86.91% |
| Total Equity | TL1.79 Billion | 100.00% |
Mercan Kimya Sanayi ve Ticaret AS Competitors by Market Cap
The table below lists competitors of Mercan Kimya Sanayi ve Ticaret AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pansar Bhd
KLSE:8419
|
$9.33 Million |
|
MALT. FR.-BELGES
F:91U
|
$9.33 Million |
|
Scandinavian Enviro Systems AB
ST:SES
|
$9.34 Million |
|
Vimedimex Medi Pharma JSC
VN:VMD
|
$9.34 Million |
|
Borgestad A
OL:BOR
|
$9.33 Million |
|
ecotel communication ag
XETRA:E4C
|
$9.32 Million |
|
eMnet Inc
KQ:123570
|
$9.32 Million |
|
Eagle Football Group SA
PA:EFG
|
$9.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mercan Kimya Sanayi ve Ticaret AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,309,820,568 to 1,785,607,773, a change of 475,787,205 (36.3%).
- Net loss of 59,897,153 reduced equity.
- Dividend payments of 15,272,383 reduced retained earnings.
- Other factors increased equity by 550,956,741.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL-59.90 Million | -3.35% |
| Dividends Paid | TL15.27 Million | -0.86% |
| Other Changes | TL550.96 Million | +30.86% |
| Total Change | TL- | 36.32% |
Book Value vs Market Value Analysis
This analysis compares Mercan Kimya Sanayi ve Ticaret 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: 1.82x
- 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 44.41x to 1.82x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | TL0.38 | TL17.08 | x |
| 2019-12-31 | TL0.25 | TL17.08 | x |
| 2020-12-31 | TL0.39 | TL17.08 | x |
| 2021-12-31 | TL5.64 | TL17.08 | x |
| 2022-12-31 | TL10.59 | TL17.08 | x |
| 2023-12-31 | TL6.88 | TL17.08 | x |
| 2024-12-31 | TL9.38 | TL17.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mercan Kimya Sanayi ve Ticaret 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): -3.35%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.28%
- • Asset Turnover: 0.97x
- • Equity Multiplier: 1.52x
- Recent ROE (-3.35%) is below the historical average (17.88%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -8.55% | -1.18% | 0.82x | 8.82x | TL-4.53 Million |
| 2019 | 22.63% | 4.97% | 1.07x | 4.24x | TL5.90 Million |
| 2020 | 41.28% | 9.37% | 1.15x | 3.82x | TL23.15 Million |
| 2021 | 33.97% | 18.26% | 1.00x | 1.87x | TL85.79 Million |
| 2022 | 32.46% | 14.71% | 1.24x | 1.77x | TL150.87 Million |
| 2023 | 6.71% | 2.52% | 1.50x | 1.77x | TL-43.15 Million |
| 2024 | -3.35% | -2.28% | 0.97x | 1.52x | TL-238.46 Million |
Industry Comparison
This section compares Mercan Kimya Sanayi ve Ticaret AS's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $556,183,942
- Average return on equity (ROE) among peers: 15.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mercan Kimya Sanayi ve Ticaret AS (MERCN) | TL2.24 Billion | -8.55% | 0.64x | $9.33 Million |
| Dinamik Isi Makina Yalitim Malzemeleri Sanayi ve Ticaret AS (DNISI) | $31.81 Million | 13.96% | 0.67x | $29.58 Million |
| DYO Boya Fabrikalari Sanayi ve Ticaret AS (DYOBY) | $186.71 Million | 10.82% | 4.78x | $27.16 Million |
| Gediz Ambalaj Sanayi ve Ticaret AS (GEDZA) | $73.72 Million | 15.33% | 0.44x | $24.40 Million |
| Kalekim Kimyevi Maddeler Sanayi & Ticaret AS (KLKIM) | $124.55 Million | 18.99% | 1.39x | $159.82 Million |
| Kimteks Poliuretan Sanayi ve Ticaret AS (KMPUR) | $275.46 Million | 29.19% | 2.87x | $31.51 Million |
| Koza Polyester Sanayi ve Ticaret A.S. (KOPOL) | $266.09 Million | 3.66% | 2.42x | $1.77K |
| Mega Polietilen Kopuk Sanayi ve Ticaret AS (MEGAP) | $13.04 Million | 2.15% | 0.14x | $16.98 Million |
| Marshall Boya ve Vernik Sanayi AS (MRSHL) | $108.72 Million | 0.46% | 0.62x | $335.34 Million |
| Polisan Holding AS (POLHO) | $3.93 Billion | 41.57% | 0.49x | $362.97 Million |