Migros Ticaret AS
Migros Ticaret A.S. engages in the retail sale of food and beverages, consumer, and durables goods in Turkey. It operates stores under the Migros and Macrocenter names. The company also operates Migros Sanal Market, a food retail e-commerce website; Tazedirekt.com, a food shopping website; Migros Hemen, an online grocery application; products under the Anadolu Lezzetleri and Migros Toptan brand n… Read more
Migros Ticaret AS (MGROS) - Net Assets
Latest net assets as of September 2025: TL76.41 Billion TRY
Based on the latest financial reports, Migros Ticaret AS (MGROS) has net assets worth TL76.41 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 (TL195.40 Billion) and total liabilities (TL118.99 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 | TL76.41 Billion |
| % of Total Assets | 39.1% |
| Annual Growth Rate | -26.68% |
| 5-Year Change | 172286.35% |
| 10-Year Change | 11079.02% |
| Growth Volatility | 365.66 |
Migros Ticaret AS - Net Assets Trend (2000–2024)
This chart illustrates how Migros 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 Migros Ticaret AS (2000–2024)
The table below shows the annual net assets of Migros Ticaret AS from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL57.68 Billion | +59.11% |
| 2023-12-31 | TL36.25 Billion | +786.46% |
| 2022-12-31 | TL4.09 Billion | +662.92% |
| 2021-12-31 | TL536.06 Million | +1502.06% |
| 2020-12-31 | TL33.46 Million | -89.64% |
| 2019-12-31 | TL322.87 Million | -49.16% |
| 2018-12-31 | TL635.09 Million | -58.41% |
| 2017-12-31 | TL1.53 Billion | +533.26% |
| 2016-12-31 | TL241.16 Million | -53.26% |
| 2015-12-31 | TL515.99 Million | -43.86% |
| 2014-12-31 | TL919.17 Million | +10.71% |
| 2013-12-31 | TL830.22 Million | -34.22% |
| 2012-12-31 | TL1.26 Billion | +5.55% |
| 2011-12-31 | TL1.20 Billion | -11.24% |
| 2010-12-31 | TL1.35 Billion | -9.94% |
| 2009-12-31 | TL1.50 Billion | -7.91% |
| 2008-12-31 | TL1.62 Billion | +10.55% |
| 2007-12-31 | TL1.47 Billion | +59.20% |
| 2006-12-31 | TL922.97 Million | +16.51% |
| 2005-12-31 | TL792.16 Million | +19.94% |
| 2004-12-31 | TL660.49 Million | -100.00% |
| 2003-12-31 | TL541.21 Trillion | +24.53% |
| 2002-12-31 | TL434.60 Trillion | +6.56% |
| 2001-12-31 | TL407.86 Trillion | +311.93% |
| 2000-12-31 | TL99.01 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Migros 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 5178563800000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL51.79 Billion | 90.36% |
| Other Components | TL5.52 Billion | 9.64% |
| Total Equity | TL57.31 Billion | 100.00% |
Migros Ticaret AS Competitors by Market Cap
The table below lists competitors of Migros Ticaret AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bolsas y Mercados Argentinos SA
BA:BYMA
|
$1.55 Billion |
|
Dometic Group AB (publ)
OTCGREY:DTCGF
|
$1.55 Billion |
|
Business intelligence of Oriental Nations Corp Ltd
SHE:300166
|
$1.55 Billion |
|
PPB Group Bhd
KLSE:4065
|
$1.55 Billion |
|
CorVel Corp
NASDAQ:CRVL
|
$1.55 Billion |
|
Zhejiang Lante Optics Co Ltd
SHG:688127
|
$1.55 Billion |
|
Wizz Air Holdings Plc
PINK:WZZAF
|
$1.55 Billion |
|
Albany International Corporation
NYSE:AIN
|
$1.55 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Migros Ticaret AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 36,024,318,000 to 57,309,280,000, a change of 21,284,962,000 (59.1%).
- Net income of 6,339,743,000 contributed positively to equity growth.
- Dividend payments of 2,013,324,000 reduced retained earnings.
- Other factors increased equity by 16,958,543,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL6.34 Billion | +11.06% |
| Dividends Paid | TL2.01 Billion | -3.51% |
| Other Changes | TL16.96 Billion | +29.59% |
| Total Change | TL- | 59.08% |
Book Value vs Market Value Analysis
This analysis compares Migros 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: 1.86x
- 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 72.28x to 1.86x 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 | TL8.26 | TL597.00 | x |
| 2018-12-31 | TL3.55 | TL597.00 | x |
| 2019-12-31 | TL1.79 | TL597.00 | x |
| 2020-12-31 | TL0.17 | TL597.00 | x |
| 2021-12-31 | TL3.01 | TL597.00 | x |
| 2022-12-31 | TL22.72 | TL597.00 | x |
| 2023-12-31 | TL202.28 | TL597.00 | x |
| 2024-12-31 | TL321.80 | TL597.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Migros 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): 11.06%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.16%
- • Asset Turnover: 1.96x
- • Equity Multiplier: 2.62x
- Recent ROE (11.06%) is above the historical average (-61.49%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 7.58% | 1.23% | 2.11x | 2.93x | TL-2.40 Trillion |
| 2001 | 8.57% | 2.24% | 1.63x | 2.34x | TL-5.74 Trillion |
| 2002 | 8.64% | 2.45% | 1.63x | 2.17x | TL-5.86 Trillion |
| 2003 | 13.30% | 3.84% | 1.74x | 1.99x | TL17.66 Trillion |
| 2004 | 11.43% | 3.27% | 1.73x | 2.02x | TL9.33 Million |
| 2005 | 10.43% | 2.74% | 1.14x | 3.34x | TL3.01 Million |
| 2006 | 8.53% | 1.84% | 1.53x | 3.02x | TL-13.59 Million |
| 2007 | 37.63% | 12.46% | 1.57x | 1.93x | TL405.97 Million |
| 2008 | 16.10% | 5.15% | 1.75x | 1.78x | TL99.08 Million |
| 2009 | 7.22% | 1.89% | 1.01x | 3.77x | TL-41.52 Million |
| 2010 | 3.16% | 0.67% | 1.14x | 4.13x | TL-92.08 Million |
| 2012 | 6.98% | 1.36% | 1.15x | 4.46x | TL-38.09 Million |
| 2014 | 10.72% | 1.21% | 1.45x | 6.09x | TL6.65 Million |
| 2015 | -71.89% | -3.95% | 1.63x | 11.18x | TL-422.00 Million |
| 2016 | -121.90% | -2.65% | 1.75x | 26.37x | TL-317.00 Million |
| 2017 | 34.87% | 3.34% | 1.49x | 7.01x | TL365.66 Million |
| 2018 | -132.02% | -4.46% | 1.72x | 17.20x | TL-898.85 Million |
| 2019 | -153.21% | -2.12% | 1.60x | 45.02x | TL-524.23 Million |
| 2020 | -1297.40% | -1.40% | 1.87x | 495.09x | TL-406.09 Million |
| 2021 | 66.95% | 0.99% | 2.00x | 33.77x | TL305.27 Million |
| 2022 | 63.53% | 3.45% | 2.05x | 9.00x | TL2.17 Billion |
| 2023 | 35.38% | 4.86% | 2.85x | 2.56x | TL9.14 Billion |
| 2024 | 11.06% | 2.16% | 1.96x | 2.62x | TL608.82 Million |
Industry Comparison
This section compares Migros Ticaret AS's net assets metrics with peer companies in the Grocery Stores industry.
Industry Context
- Industry: Grocery Stores
- Average net assets among peers: $4,387,952,000
- Average return on equity (ROE) among peers: -64.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Migros Ticaret AS (MGROS) | TL76.41 Billion | 7.58% | 1.56x | $1.55 Billion |
| CarrefourSA Carrefour Sabanci Ticaret Merkezi AS (CRFSA) | $4.39 Billion | -64.97% | 5.23x | $47.52 Million |