Marti Gayrimenkul Yatirim Ortakligi AS (MRGYO) - Net Assets
Based on the latest financial reports, Marti Gayrimenkul Yatirim Ortakligi AS (MRGYO) has net assets worth TL10.32 Billion TRY (≈ $231.05 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL14.30 Billion ≈ $320.37 Million USD) and total liabilities (TL3.99 Billion ≈ $89.32 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 Marti Gayrimenkul Yatirim Ortakligi AS (MRGYO) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL10.32 Billion |
| % of Total Assets | 72.12% |
| Annual Growth Rate | 36.68% |
| 5-Year Change | 2213.24% |
| 10-Year Change | 3376.91% |
| Growth Volatility | 75.35 |
Marti Gayrimenkul Yatirim Ortakligi AS - Net Assets Trend (2007–2025)
This chart illustrates how Marti Gayrimenkul Yatirim Ortakligi AS's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Marti Gayrimenkul Yatirim Ortakligi AS to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Marti Gayrimenkul Yatirim Ortakligi AS (2007–2025)
The table below shows the annual net assets of Marti Gayrimenkul Yatirim Ortakligi AS from 2007 to 2025. For live valuation and market cap data, see market cap of Marti Gayrimenkul Yatirim Ortakligi AS.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | TL11.39 Billion ≈ $255.10 Million |
+55.95% |
| 2024-03-31 | TL7.30 Billion ≈ $163.59 Million |
+111.91% |
| 2023-03-31 | TL3.45 Billion ≈ $77.20 Million |
+135.73% |
| 2022-03-31 | TL1.46 Billion ≈ $32.75 Million |
+196.95% |
| 2021-03-31 | TL492.38 Million ≈ $11.03 Million |
+38.16% |
| 2020-03-31 | TL356.38 Million ≈ $7.98 Million |
+21.27% |
| 2019-03-31 | TL293.87 Million ≈ $6.58 Million |
+2.13% |
| 2018-03-31 | TL287.74 Million ≈ $6.44 Million |
+1.90% |
| 2017-03-31 | TL282.36 Million ≈ $6.32 Million |
-13.81% |
| 2016-03-31 | TL327.59 Million ≈ $7.34 Million |
-19.21% |
| 2015-03-31 | TL405.48 Million ≈ $9.08 Million |
+238.45% |
| 2014-03-31 | TL119.81 Million ≈ $2.68 Million |
-13.99% |
| 2013-03-31 | TL139.29 Million ≈ $3.12 Million |
+0.48% |
| 2012-03-31 | TL138.62 Million ≈ $3.10 Million |
-3.46% |
| 2011-03-31 | TL143.59 Million ≈ $3.22 Million |
+126.67% |
| 2010-03-31 | TL63.35 Million ≈ $1.42 Million |
+4.29% |
| 2009-03-31 | TL60.74 Million ≈ $1.36 Million |
+40.88% |
| 2008-03-31 | TL43.12 Million ≈ $965.69K |
+4.91% |
| 2007-03-31 | TL41.10 Million ≈ $920.49K |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Marti Gayrimenkul Yatirim Ortakligi 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 470868772000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL4.71 Billion | 41.34% |
| Other Components | TL6.68 Billion | 58.66% |
| Total Equity | TL11.39 Billion | 100.00% |
Marti Gayrimenkul Yatirim Ortakligi AS Competitors by Market Cap
The table below lists competitors of Marti Gayrimenkul Yatirim Ortakligi AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vardhman Acrylics Limited
NSE:VARDHACRLC
|
$38.86 Million |
|
ITV PLC
LSE:ITV
|
$38.87 Million |
|
Singsongholdin
KO:006880
|
$38.90 Million |
|
DRGEM Corporation
KQ:263690
|
$38.91 Million |
|
Bestec Power Electronics Co Ltd
TW:3308
|
$38.85 Million |
|
Heartbeam Inc
NASDAQ:BEAT
|
$38.83 Million |
|
Gossamer Bio Inc
NASDAQ:GOSS
|
$38.82 Million |
|
Brunswick Exploration Inc
V:BRW
|
$38.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Marti Gayrimenkul Yatirim Ortakligi AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 7,303,764,184 to 11,389,860,617, a change of 4,086,096,433 (55.9%).
- Net income of 2,629,460,651 contributed positively to equity growth.
- Other factors increased equity by 1,456,635,782.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL2.63 Billion | +23.09% |
| Other Changes | TL1.46 Billion | +12.79% |
| Total Change | TL- | 55.95% |
Book Value vs Market Value Analysis
This analysis compares Marti Gayrimenkul Yatirim Ortakligi 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: 0.15x
- 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 0.61x to 0.15x 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 | TL2.62 | TL1.59 | x |
| 2018-03-31 | TL2.48 | TL1.59 | x |
| 2019-03-31 | TL2.53 | TL1.59 | x |
| 2020-03-31 | TL3.07 | TL1.59 | x |
| 2021-03-31 | TL4.24 | TL1.59 | x |
| 2022-03-31 | TL4.43 | TL1.59 | x |
| 2023-03-31 | TL3.16 | TL1.59 | x |
| 2024-03-31 | TL6.69 | TL1.59 | x |
| 2025-03-31 | TL10.44 | TL1.59 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Marti Gayrimenkul Yatirim Ortakligi 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): 23.09%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1772.76%
- • Asset Turnover: 0.01x
- • Equity Multiplier: 1.10x
- Recent ROE (23.09%) is above the historical average (3.39%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 5.24% | 35.21% | 0.13x | 1.13x | TL-6.83 Million |
| 2012 | 1.37% | 5.96% | 0.16x | 1.44x | TL-11.96 Million |
| 2013 | 0.84% | 4.32% | 0.11x | 1.77x | TL-12.75 Million |
| 2014 | 11.31% | 54.99% | 0.10x | 2.01x | TL1.57 Million |
| 2015 | 51.97% | 1147.08% | 0.03x | 1.37x | TL170.16 Million |
| 2016 | -40.56% | -899.54% | 0.03x | 1.49x | TL-165.64 Million |
| 2017 | -37.22% | -2059.78% | 0.01x | 1.71x | TL-133.32 Million |
| 2018 | -19.88% | -769.76% | 0.01x | 1.77x | TL-85.98 Million |
| 2019 | -25.66% | -430.04% | 0.03x | 2.01x | TL-104.79 Million |
| 2020 | 5.28% | 78.85% | 0.03x | 2.07x | TL-16.81 Million |
| 2021 | 1.76% | 33.91% | 0.03x | 2.02x | TL-40.58 Million |
| 2022 | 14.84% | 1620.17% | 0.01x | 1.32x | TL70.77 Million |
| 2023 | 40.90% | 4097.57% | 0.01x | 1.17x | TL1.07 Billion |
| 2024 | 17.57% | 1640.59% | 0.01x | 1.12x | TL552.90 Million |
| 2025 | 23.09% | 1772.76% | 0.01x | 1.10x | TL1.49 Billion |
Industry Comparison
This section compares Marti Gayrimenkul Yatirim Ortakligi AS's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $742,096,336
- Average return on equity (ROE) among peers: 16.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Marti Gayrimenkul Yatirim Ortakligi AS (MRGYO) | TL10.32 Billion | 5.24% | 0.39x | $38.85 Million |
| Akis Gayrimenkul Yatirim Ortakligi AS (AKSGY) | $1.05 Billion | 27.83% | 0.70x | $506.28 Million |
| Alarko Gayrimenkul Yatirim Ortakligi AS (ALGYO) | $919.53 Million | 16.57% | 0.01x | $32.43 Million |
| Ata Gayrimenkul Yatirim Ortakligi AS (ATAGY) | $609.83 Million | 7.67% | 0.02x | $13.01 Million |
| Dogus Gayrimenkul Yatirim Ortakligi AS (DGGYO) | $188.24 Million | 7.01% | 0.01x | $276.77 Million |
| Deniz Gayrimenkul Yatirim Ortakligi AS (DZGYO) | $32.11 Million | 12.78% | 0.00x | $78.21 Million |
| Edip Gayrimenkul Yatirim Sanayi ve Ticaret AS (EDIP) | $55.97 Million | 0.00% | 0.76x | $52.53 Million |
| EYG Gayrimenkul Yatirim Ortakligi A.S. (EYGYO) | $88.22 Million | 0.00% | 7.71x | $38.57 Million |
| Halk Gayrimenkul Yatirim Ortakligi AS (HLGYO) | $2.28 Billion | 17.35% | 0.15x | $535.40 Million |
| Is Gayrimenkul Yatirim Ortakligi AS (ISGYO) | $913.80 Million | 5.81% | 0.06x | $441.50 Million |
| Yapi Kredi Koray Gayrimenkul Yatirim Ortakligi AS (KGYO) | $1.29 Billion | 71.93% | 3.16x | $181.90 Million |
About Marti Gayrimenkul Yatirim Ortakligi AS
Marti Gayrimenkul Yatirim Ortakligi A.S. engages in the real estate activities in Turkey. The company primarily has investments in Çerkezköy housing project; a hotel in Sarigerme; and two hotels in Ayin Bay and Hisarönü Marina. Marti Gayrimenkul Yatirim Ortakligi A.S. was founded in 1967 and is headquartered in Istanbul, Turkey.