Panora Gayrimenkul Yatirim Ortakligi AS
Panora Gayrimenkul Yatirim Ortakligi A.S. is a real estate investment trust. It invests in the real estate markets of Turkey. Panora Gayrimenkul Yatirim Ortakligi A.S. is based in Turkey.
Panora Gayrimenkul Yatirim Ortakligi AS (PAGYO) - Net Assets
Latest net assets as of September 2025: TL13.55 Billion TRY
Based on the latest financial reports, Panora Gayrimenkul Yatirim Ortakligi AS (PAGYO) has net assets worth TL13.55 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 (TL15.01 Billion) and total liabilities (TL1.46 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 | TL13.55 Billion |
| % of Total Assets | 90.29% |
| Annual Growth Rate | 38.33% |
| 5-Year Change | 1055.89% |
| 10-Year Change | 1307.42% |
| Growth Volatility | 84.44 |
Panora Gayrimenkul Yatirim Ortakligi AS - Net Assets Trend (2010–2024)
This chart illustrates how Panora 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 Panora Gayrimenkul Yatirim Ortakligi AS (2010–2024)
The table below shows the annual net assets of Panora Gayrimenkul Yatirim Ortakligi AS from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL10.78 Billion | +45.68% |
| 2023-12-31 | TL7.40 Billion | +149.84% |
| 2022-12-31 | TL2.96 Billion | +155.31% |
| 2021-12-31 | TL1.16 Billion | +24.39% |
| 2020-12-31 | TL932.77 Million | -2.79% |
| 2019-12-31 | TL959.54 Million | +1.34% |
| 2018-12-31 | TL946.82 Million | +2.58% |
| 2017-12-31 | TL923.01 Million | +20.01% |
| 2016-12-31 | TL769.11 Million | +0.40% |
| 2015-12-31 | TL766.06 Million | +8.16% |
| 2014-12-31 | TL708.29 Million | +8.09% |
| 2013-12-31 | TL655.27 Million | +28.97% |
| 2012-12-31 | TL508.08 Million | +299.08% |
| 2011-12-31 | TL127.31 Million | +11.02% |
| 2010-12-31 | TL114.68 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Panora 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 29955.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL8.34 Billion | 77.35% |
| Other Components | TL2.44 Billion | 22.65% |
| Total Equity | TL10.78 Billion | 100.00% |
Panora Gayrimenkul Yatirim Ortakligi AS Competitors by Market Cap
The table below lists competitors of Panora Gayrimenkul Yatirim Ortakligi AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Comfort Gloves Bhd
KLSE:2127
|
$9.27 Million |
|
Codere Online Luxembourg S.A. Warrants
NASDAQ:CDROW
|
$9.27 Million |
|
Happy City Holdings Limited Class A Ordinary shares
NASDAQ:HCHL
|
$9.27 Million |
|
MedMira Inc
PINK:MMIRF
|
$9.28 Million |
|
PT Techno9 Indonesia Tbk
JK:NINE
|
$9.26 Million |
|
Compal Broadband Networks Inc
TW:6674
|
$9.26 Million |
|
Vivos Therapeutics Inc
NASDAQ:VVOS
|
$9.26 Million |
|
Introl S.A.
WAR:INL
|
$9.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Panora Gayrimenkul Yatirim Ortakligi AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,400,914,435 to 10,781,766,168, a change of 3,380,851,733 (45.7%).
- Net income of 820,699,368 contributed positively to equity growth.
- Dividend payments of 279,387,077 reduced retained earnings.
- Other factors increased equity by 2,839,539,442.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL820.70 Million | +7.61% |
| Dividends Paid | TL279.39 Million | -2.59% |
| Other Changes | TL2.84 Billion | +26.34% |
| Total Change | TL- | 45.68% |
Book Value vs Market Value Analysis
This analysis compares Panora 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: 0.83x
- 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 9.69x to 0.83x 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 | TL10.61 | TL102.80 | x |
| 2018-12-31 | TL10.88 | TL102.80 | x |
| 2019-12-31 | TL11.03 | TL102.80 | x |
| 2020-12-31 | TL10.72 | TL102.80 | x |
| 2021-12-31 | TL13.34 | TL102.80 | x |
| 2022-12-31 | TL34.05 | TL102.80 | x |
| 2023-12-31 | TL85.07 | TL102.80 | x |
| 2024-12-31 | TL123.93 | TL102.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Panora 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): 7.61%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 108.25%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.10x
- Recent ROE (7.61%) is below the historical average (17.33%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 4.75% | 48.51% | 0.08x | 1.20x | TL-26.67 Million |
| 2013 | 11.61% | 83.01% | 0.14x | 1.01x | TL10.54 Million |
| 2014 | 11.74% | 81.82% | 0.14x | 1.01x | TL12.31 Million |
| 2015 | 12.52% | 154.61% | 0.08x | 1.01x | TL19.29 Million |
| 2016 | 5.46% | 66.77% | 0.08x | 1.03x | TL-34.91 Million |
| 2017 | 20.81% | 267.37% | 0.08x | 1.01x | TL99.77 Million |
| 2018 | 6.99% | 80.08% | 0.09x | 1.01x | TL-28.49 Million |
| 2019 | 6.52% | 70.59% | 0.09x | 1.01x | TL-33.41 Million |
| 2020 | 3.16% | 55.50% | 0.06x | 1.03x | TL-63.84 Million |
| 2021 | 21.52% | 331.95% | 0.06x | 1.01x | TL133.66 Million |
| 2022 | 61.16% | 575.80% | 0.11x | 1.01x | TL1.52 Billion |
| 2023 | 51.50% | 585.91% | 0.08x | 1.07x | TL3.07 Billion |
| 2024 | 7.61% | 108.25% | 0.06x | 1.10x | TL-257.48 Million |
Industry Comparison
This section compares Panora Gayrimenkul Yatirim Ortakligi AS's net assets metrics with peer companies in the REIT - Retail industry.
No peer company data available for comparison.