Mistral Gayrimenkul Yatirim Ortakligi AS
Mistral Gayrimenkul Yatirim Ortakligi A.S. invests primarily in real estate-based capital market instruments, projects, and real estate-based rights. The company was formerly known as Mistral Yapi Gayrimenkul Sanayi ve Ticaret A.S. and changed its name to Mistral Gayrimenkul Yatirim Ortakligi A.S. in March 2016. The company was founded in 2012 and is headquartered in Izmir, Turkey.
Mistral Gayrimenkul Yatirim Ortakligi AS (MSGYO) - Net Assets
Latest net assets as of September 2025: TL4.57 Billion TRY
Based on the latest financial reports, Mistral Gayrimenkul Yatirim Ortakligi AS (MSGYO) has net assets worth TL4.57 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 (TL6.29 Billion) and total liabilities (TL1.72 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 | TL4.57 Billion |
| % of Total Assets | 72.72% |
| Annual Growth Rate | 48.19% |
| 5-Year Change | 1333.97% |
| 10-Year Change | 5851.59% |
| Growth Volatility | 83.96 |
Mistral Gayrimenkul Yatirim Ortakligi AS - Net Assets Trend (2013–2024)
This chart illustrates how Mistral Gayrimenkul Yatirim Ortakligi 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 Mistral Gayrimenkul Yatirim Ortakligi AS (2013–2024)
The table below shows the annual net assets of Mistral Gayrimenkul Yatirim Ortakligi AS from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL3.68 Billion | +22.58% |
| 2023-12-31 | TL3.00 Billion | +150.97% |
| 2022-12-31 | TL1.20 Billion | +155.92% |
| 2021-12-31 | TL467.77 Million | +82.14% |
| 2020-12-31 | TL256.82 Million | +3.31% |
| 2019-12-31 | TL248.58 Million | +18.54% |
| 2018-12-31 | TL209.71 Million | -0.80% |
| 2017-12-31 | TL211.40 Million | +262.49% |
| 2016-12-31 | TL58.32 Million | -5.75% |
| 2015-12-31 | TL61.88 Million | +18.03% |
| 2014-12-31 | TL52.42 Million | +7.77% |
| 2013-12-31 | TL48.65 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Mistral 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 16525.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL2.44 Billion | 66.20% |
| Other Components | TL1.24 Billion | 33.80% |
| Total Equity | TL3.68 Billion | 100.00% |
Mistral Gayrimenkul Yatirim Ortakligi AS Competitors by Market Cap
The table below lists competitors of Mistral Gayrimenkul Yatirim Ortakligi AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Q-linea AB (publ)
F:3F80
|
$9.23 Million |
|
NETSCIENTIFIC PLC LS-05
F:NTK1
|
$9.23 Million |
|
Kutahya Seker Fabrikasi AS
IS:KTSKR
|
$9.23 Million |
|
UNITED URBAN INV. CORP.
F:0S2
|
$9.23 Million |
|
SenSen Networks Limited
PINK:SNNSF
|
$9.23 Million |
|
Shinsegae Cons
KO:034300
|
$9.23 Million |
|
Clean Seas Seafood Limited
PINK:CTUNF
|
$9.22 Million |
|
Dragonfly GF Co. Ltd
KQ:030350
|
$9.22 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Mistral Gayrimenkul Yatirim Ortakligi AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,004,359,318 to 3,682,726,368, a change of 678,367,050 (22.6%).
- Net income of 102,213,872 contributed positively to equity growth.
- Share repurchases of 21,116,001 reduced equity.
- Other factors increased equity by 597,269,179.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL102.21 Million | +2.78% |
| Share Repurchases | TL21.12 Million | -0.57% |
| Other Changes | TL597.27 Million | +16.22% |
| Total Change | TL- | 22.58% |
Book Value vs Market Value Analysis
This analysis compares Mistral 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: 0.98x
- 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 4.89x to 0.98x 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 | TL1.57 | TL7.70 | x |
| 2018-12-31 | TL1.56 | TL7.70 | x |
| 2019-12-31 | TL1.85 | TL7.70 | x |
| 2020-12-31 | TL1.91 | TL7.70 | x |
| 2021-12-31 | TL3.49 | TL7.70 | x |
| 2022-12-31 | TL8.92 | TL7.70 | x |
| 2023-12-31 | TL22.38 | TL7.70 | x |
| 2024-12-31 | TL7.84 | TL7.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Mistral 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): 2.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 60.39%
- • Asset Turnover: 0.04x
- • Equity Multiplier: 1.31x
- Recent ROE (2.78%) is below the historical average (30.89%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 72.41% | 50.85% | 1.18x | 1.20x | TL131.90 Million |
| 2018 | 2.91% | 34.17% | 0.08x | 1.13x | TL-14.86 Million |
| 2019 | 14.04% | 243.78% | 0.06x | 1.04x | TL10.03 Million |
| 2020 | 4.91% | 105.92% | 0.04x | 1.03x | TL-13.08 Million |
| 2021 | 46.04% | 538.88% | 0.08x | 1.05x | TL168.57 Million |
| 2022 | 62.13% | 836.96% | 0.07x | 1.02x | TL624.07 Million |
| 2023 | 41.93% | 752.73% | 0.06x | 1.01x | TL959.39 Million |
| 2024 | 2.78% | 60.39% | 0.04x | 1.31x | TL-266.06 Million |
Industry Comparison
This section compares Mistral 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: $5,482,983,704,747
- Average return on equity (ROE) among peers: 12.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Mistral Gayrimenkul Yatirim Ortakligi AS (MSGYO) | TL4.57 Billion | 72.41% | 0.38x | $9.23 Million |
| Dogus Gayrimenkul Yatirim Ortakligi AS (DGGYO) | $49.30 Trillion | 15.41% | 0.00x | $225.44 Million |
| Deniz Gayrimenkul Yatirim Ortakligi AS (DZGYO) | $3.64 Billion | 2.73% | 0.02x | $23.99 Million |
| Edip Gayrimenkul Yatirim Sanayi ve Ticaret AS (EDIP) | $4.70 Billion | 19.87% | 0.32x | $31.67 Million |
| EYG Gayrimenkul Yatirim Ortakligi A.S. (EYGYO) | $1.30 Billion | 18.63% | 0.60x | $18.10 Million |
| Halk Gayrimenkul Yatirim Ortakligi AS (HLGYO) | $2.28 Billion | 17.35% | 0.15x | $145.70 Million |
| Is Gayrimenkul Yatirim Ortakligi AS (ISGYO) | $27.03 Billion | 16.72% | 0.23x | $271.40 Million |
| Kiler Gayrimenkul Yatirim Ortakligi AS (KLGYO) | $296.03 Million | -0.02% | 0.97x | $212.57 Million |
| Nurol Gayrimenkul Yatirim Ortakligi AS (NUGYO) | $5.27 Billion | 3.30% | 0.08x | $29.84 Million |
| Ozak Gayrimenkul Yatirim Ortakligi AS (OZKGY) | $3.49 Billion | 17.67% | 0.68x | $140.71 Million |