Net Holding AS
Net Holding A.S. engages in tourism, publication, holding and other activities in Turkey, Croatia, Bulgaria, Montenegro, and the Turkish Republic of Northern Cyprus. It is involved in hotel and accommodation, gaming and lottery management, touristic shopping, and car rental; casino gaming hall management; real estate development; and tourist, and book publishing businesses. The company was founde… Read more
Net Holding AS (NTHOL) - Net Assets
Latest net assets as of September 2025: TL71.29 Billion TRY
Based on the latest financial reports, Net Holding AS (NTHOL) has net assets worth TL71.29 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 (TL108.82 Billion) and total liabilities (TL37.54 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 | TL71.29 Billion |
| % of Total Assets | 65.51% |
| Annual Growth Rate | -24.97% |
| 5-Year Change | 1243.45% |
| 10-Year Change | 2628.63% |
| Growth Volatility | 66.05 |
Net Holding AS - Net Assets Trend (2000–2024)
This chart illustrates how Net Holding 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 Net Holding AS (2000–2024)
The table below shows the annual net assets of Net Holding AS from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL55.65 Billion | +8.21% |
| 2023-12-31 | TL51.42 Billion | +196.89% |
| 2022-12-31 | TL17.32 Billion | +62.84% |
| 2021-12-31 | TL10.64 Billion | +156.79% |
| 2020-12-31 | TL4.14 Billion | -9.15% |
| 2019-12-31 | TL4.56 Billion | +14.12% |
| 2018-12-31 | TL4.00 Billion | +38.52% |
| 2017-12-31 | TL2.88 Billion | +36.68% |
| 2016-12-31 | TL2.11 Billion | +3.47% |
| 2015-12-31 | TL2.04 Billion | +60.19% |
| 2014-12-31 | TL1.27 Billion | +46.63% |
| 2013-12-31 | TL868.21 Million | +159.61% |
| 2012-12-31 | TL334.43 Million | +3.99% |
| 2011-12-31 | TL321.59 Million | -3.86% |
| 2010-12-31 | TL334.52 Million | +60.35% |
| 2009-12-31 | TL208.62 Million | +2.08% |
| 2008-12-31 | TL204.38 Million | -12.44% |
| 2007-12-31 | TL233.42 Million | +65.79% |
| 2006-12-31 | TL140.79 Million | -100.00% |
| 2001-12-31 | TL86.60 Trillion | +57.75% |
| 2000-12-31 | TL54.90 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Net Holding 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 95.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL18.60 Billion | 35.39% |
| Other Components | TL33.95 Billion | 64.61% |
| Total Equity | TL52.55 Billion | 100.00% |
Net Holding AS Competitors by Market Cap
The table below lists competitors of Net Holding AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Smart Eye AB (publ)
PINK:SMTEF
|
$152.20 Million |
|
LAUNCH TECH CO. H YC-01
F:LAN
|
$152.26 Million |
|
Yg Plus Inc
KO:037270
|
$152.26 Million |
|
GuangDong GenSho Logistics Co
SHG:603813
|
$152.27 Million |
|
Valor Estate Limited
NSE:DBREALTY
|
$152.15 Million |
|
Ascom Holding AG
OTCGREY:ACMLF
|
$152.13 Million |
|
Grupo Rotoplas SAB de CV
MX:AGUA
|
$152.13 Million |
|
Proficient Auto Logistics, Inc. Common Stock
NASDAQ:PAL
|
$152.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Net Holding AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 48,271,797,000 to 52,547,289,000, a change of 4,275,492,000 (8.9%).
- Net income of 2,627,335,000 contributed positively to equity growth.
- Share repurchases of 1,070,764,000 reduced equity.
- New share issuances of 32,101,000 increased equity.
- Other factors increased equity by 2,686,820,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL2.63 Billion | +5.0% |
| Share Repurchases | TL1.07 Billion | -2.04% |
| Share Issuances | TL32.10 Million | +0.06% |
| Other Changes | TL2.69 Billion | +5.11% |
| Total Change | TL- | 8.86% |
Book Value vs Market Value Analysis
This analysis compares Net Holding 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: 0.37x
- 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 8.27x to 0.37x 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 | TL5.07 | TL41.96 | x |
| 2018-12-31 | TL6.99 | TL41.96 | x |
| 2019-12-31 | TL39.48 | TL41.96 | x |
| 2020-12-31 | TL11.82 | TL41.96 | x |
| 2021-12-31 | TL20.98 | TL41.96 | x |
| 2022-12-31 | TL34.18 | TL41.96 | x |
| 2023-12-31 | TL103.08 | TL41.96 | x |
| 2024-12-31 | TL112.48 | TL41.96 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Net Holding 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): 5.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.57%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 1.61x
- Recent ROE (5.00%) is below the historical average (12.10%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 2.11% | 36.16% | 0.05x | 1.13x | TL-6.83 Trillion |
| 2006 | 10.15% | 7.18% | 0.24x | 5.90x | TL72.40K |
| 2007 | 71.92% | 112.90% | 0.23x | 2.79x | TL65.88 Million |
| 2010 | 18.83% | 35.69% | 0.23x | 2.34x | TL16.52 Million |
| 2011 | 4.13% | 6.68% | 0.23x | 2.68x | TL-10.87 Million |
| 2012 | 39.02% | 67.98% | 0.17x | 3.30x | TL54.01 Million |
| 2013 | 23.09% | 77.11% | 0.13x | 2.32x | TL85.13 Million |
| 2014 | 2.13% | 7.40% | 0.14x | 2.03x | TL-84.16 Million |
| 2015 | 4.03% | 16.39% | 0.14x | 1.73x | TL-97.94 Million |
| 2016 | -2.03% | -5.05% | 0.16x | 2.59x | TL-142.89 Million |
| 2017 | 10.91% | 47.88% | 0.15x | 1.54x | TL25.98 Million |
| 2018 | 6.59% | 33.87% | 0.12x | 1.59x | TL-134.27 Million |
| 2019 | 1.70% | 8.28% | 0.12x | 1.67x | TL-372.51 Million |
| 2020 | -12.11% | -116.13% | 0.06x | 1.87x | TL-893.62 Million |
| 2021 | 9.19% | 89.97% | 0.06x | 1.79x | TL-80.42 Million |
| 2022 | 16.50% | 78.86% | 0.12x | 1.70x | TL1.05 Billion |
| 2023 | 6.67% | 23.49% | 0.17x | 1.65x | TL-1.61 Billion |
| 2024 | 5.00% | 13.57% | 0.23x | 1.61x | TL-2.63 Billion |
Industry Comparison
This section compares Net Holding AS's net assets metrics with peer companies in the Travel Services industry.
Industry Context
- Industry: Travel Services
- Average net assets among peers: $52,248,941
- Average return on equity (ROE) among peers: 32.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Net Holding AS (NTHOL) | TL71.29 Billion | 2.11% | 0.53x | $152.16 Million |
| Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm AS (FLAP) | $73.09 Million | 8.70% | 0.42x | $21.99 Million |
| Gezinomi Seyahat Turizm Ticaret AS (GZNMI) | $31.41 Million | 55.79% | 3.81x | $46.52 Million |