Marshall Boya ve Vernik Sanayi AS (MRSHL) - Net Assets
Based on the latest financial reports, Marshall Boya ve Vernik Sanayi AS (MRSHL) has net assets worth TL1.08 Billion TRY (≈ $24.14 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 (TL4.14 Billion ≈ $92.62 Million USD) and total liabilities (TL3.06 Billion ≈ $68.48 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. Read MRSHL liabilities breakdown for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL1.08 Billion |
| % of Total Assets | 26.06% |
| Annual Growth Rate | 14.14% |
| 5-Year Change | 752.37% |
| 10-Year Change | 741.12% |
| Growth Volatility | 51.35 |
Marshall Boya ve Vernik Sanayi AS - Net Assets Trend (2008–2024)
This chart illustrates how Marshall Boya ve Vernik Sanayi AS's net assets have evolved over time, based on quarterly financial data. Also explore Marshall Boya ve Vernik Sanayi AS balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Marshall Boya ve Vernik Sanayi AS (2008–2024)
The table below shows the annual net assets of Marshall Boya ve Vernik Sanayi AS from 2008 to 2024. For live valuation and market cap data, see Marshall Boya ve Vernik Sanayi AS stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL892.95 Million ≈ $20.00 Million |
-20.14% |
| 2023-12-31 | TL1.12 Billion ≈ $25.04 Million |
+19543.06% |
| 2022-12-31 | TL-5.75 Million ≈ $-128.80K |
-180.80% |
| 2021-12-31 | TL7.12 Million ≈ $159.40K |
-93.21% |
| 2020-12-31 | TL104.76 Million ≈ $2.35 Million |
+24.87% |
| 2019-12-31 | TL83.89 Million ≈ $1.88 Million |
+28.34% |
| 2018-12-31 | TL65.37 Million ≈ $1.46 Million |
-38.35% |
| 2017-12-31 | TL106.03 Million ≈ $2.37 Million |
-2.13% |
| 2016-12-31 | TL108.34 Million ≈ $2.43 Million |
+2.05% |
| 2015-12-31 | TL106.16 Million ≈ $2.38 Million |
-2.35% |
| 2014-12-31 | TL108.72 Million ≈ $2.44 Million |
+0.68% |
| 2013-12-31 | TL107.98 Million ≈ $2.42 Million |
-2.46% |
| 2012-12-31 | TL110.71 Million ≈ $2.48 Million |
-3.14% |
| 2011-12-31 | TL114.29 Million ≈ $2.56 Million |
-1.52% |
| 2010-12-31 | TL116.06 Million ≈ $2.60 Million |
+9.00% |
| 2009-12-31 | TL106.48 Million ≈ $2.38 Million |
-1.04% |
| 2008-12-31 | TL107.59 Million ≈ $2.41 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Marshall Boya ve Vernik Sanayi 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 1948.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | TL2.05 Billion | 229.82% |
| Total Equity | TL892.95 Million | 100.00% |
Marshall Boya ve Vernik Sanayi AS Competitors by Market Cap
The table below lists competitors of Marshall Boya ve Vernik Sanayi AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TechTarget, Inc. Common Stock
NASDAQ:TTGT
|
$373.06 Million |
|
Ningbo Heli Mould Technology Co Ltd Class A
SHG:603917
|
$373.15 Million |
|
Tarczynski S.A.
WAR:TAR
|
$373.18 Million |
|
Viettel Construction JSC
VN:CTR
|
$373.32 Million |
|
Haleon PLC
LSE:HLN
|
$372.86 Million |
|
Chalice Mining Limited
F:C8U
|
$372.83 Million |
|
Saratoga Investment Corp
NYSE:SAR
|
$372.72 Million |
|
Bafang Yunji Intl Co Ltd
TW:2753
|
$372.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Marshall Boya ve Vernik Sanayi AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,118,113,121 to 892,953,584, a change of -225,159,537 (-20.1%).
- Net loss of 243,460,508 reduced equity.
- Other factors increased equity by 18,300,971.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL-243.46 Million | -27.26% |
| Other Changes | TL18.30 Million | +2.05% |
| Total Change | TL- | -20.14% |
Book Value vs Market Value Analysis
This analysis compares Marshall Boya ve Vernik Sanayi 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: 18.65x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 142.89x to 18.65x 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 | TL10.60 | TL1515.00 | x |
| 2018-12-31 | TL6.54 | TL1515.00 | x |
| 2019-12-31 | TL8.39 | TL1515.00 | x |
| 2020-12-31 | TL10.48 | TL1515.00 | x |
| 2021-12-31 | TL0.71 | TL1515.00 | x |
| 2022-12-31 | TL-0.58 | TL1515.00 | x |
| 2023-12-31 | TL101.70 | TL1515.00 | x |
| 2024-12-31 | TL81.22 | TL1515.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Marshall Boya ve Vernik Sanayi 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): -27.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.99%
- • Asset Turnover: 1.59x
- • Equity Multiplier: 2.86x
- Recent ROE (-27.26%) is above the historical average (-98.82%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 8.23% | 4.54% | 1.33x | 1.37x | TL-1.90 Million |
| 2009 | 6.80% | 4.04% | 1.18x | 1.42x | TL-3.41 Million |
| 2010 | 11.36% | 5.91% | 1.35x | 1.42x | TL1.57 Million |
| 2014 | 0.46% | 0.18% | 1.52x | 1.62x | TL-10.37 Million |
| 2015 | -0.47% | -0.20% | 1.48x | 1.63x | TL-11.12 Million |
| 2016 | 3.38% | 1.35% | 1.57x | 1.59x | TL-7.17 Million |
| 2017 | -2.28% | -0.73% | 1.47x | 2.12x | TL-13.02 Million |
| 2018 | -54.81% | -9.29% | 1.48x | 3.99x | TL-42.37 Million |
| 2019 | 22.35% | 4.76% | 1.31x | 3.59x | TL10.36 Million |
| 2020 | 20.70% | 4.28% | 1.04x | 4.66x | TL11.21 Million |
| 2021 | -1353.10% | -12.81% | 0.92x | 114.71x | TL-97.01 Million |
| 2022 | 0.00% | -0.47% | 1.12x | 0.00x | TL-6.99 Million |
| 2023 | -18.80% | -4.68% | 1.44x | 2.79x | TL-322.06 Million |
| 2024 | -27.26% | -5.99% | 1.59x | 2.86x | TL-332.76 Million |
Industry Comparison
This section compares Marshall Boya ve Vernik Sanayi AS's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $691,379,715
- Average return on equity (ROE) among peers: 13.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Marshall Boya ve Vernik Sanayi AS (MRSHL) | TL1.08 Billion | 8.23% | 2.84x | $373.05 Million |
| Dinamik Isi Makina Yalitim Malzemeleri Sanayi ve Ticaret AS (DNISI) | $79.77 Million | 10.80% | 0.27x | $53.95 Million |
| DYO Boya Fabrikalari Sanayi ve Ticaret AS (DYOBY) | $70.08 Million | 1.55% | 5.31x | $135.19 Million |
| Gediz Ambalaj Sanayi ve Ticaret AS (GEDZA) | $623.58 Million | 11.99% | 0.31x | $30.97 Million |
| Kalekim Kimyevi Maddeler Sanayi & Ticaret AS (KLKIM) | $238.58 Million | 35.18% | 0.97x | $351.12 Million |
| Kimteks Poliuretan Sanayi ve Ticaret AS (KMPUR) | $2.64 Billion | -39.63% | 2.68x | $224.33 Million |
| Koza Polyester Sanayi ve Ticaret A.S. (KOPOL) | $707.67 Million | 21.14% | 1.62x | $172.26 Million |
| Mega Polietilen Kopuk Sanayi ve Ticaret AS (MEGAP) | $353.45 Million | 30.19% | 3.46x | $16.01 Million |
| Mercan Kimya Sanayi ve Ticaret AS (MERCN) | $74.03 Million | 41.28% | 2.82x | $101.48 Million |
| Polisan Holding AS (POLHO) | $1.44 Billion | 4.55% | 0.59x | $361.51 Million |
About Marshall Boya ve Vernik Sanayi AS
Marshall Boya Ve Vernik Sanayii A.S. manufactures and sells paint, coating, and varnish products in Turkey. The company offers interior wall and exterior paint. Marshall Boya Ve Vernik Sanayii A.S. was founded in 1954 and is headquartered in Dilovasi, Turkey.