Pegasus Hava Tasimaciligi AS
Pegasus Hava Tasimaciligi Anonim Sirketi, together with its subsidiaries, operates as an airline company. It offers services on short- and medium-haul and point-to-point routes on its domestic and international transit network. The company also provides cargo and training services, as well as operates scheduled flights from four other domestic hubs in Ankara, Adana, Antalya, and Izmir. As of Dece… Read more
Pegasus Hava Tasimaciligi AS (PGSUS) - Net Assets
Latest net assets as of September 2025: TL2.32 Billion TRY
Based on the latest financial reports, Pegasus Hava Tasimaciligi AS (PGSUS) has net assets worth TL2.32 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 (TL7.98 Billion) and total liabilities (TL5.66 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 | TL2.32 Billion |
| % of Total Assets | 29.02% |
| Annual Growth Rate | 54.54% |
| 5-Year Change | 1290.89% |
| 10-Year Change | 5057.12% |
| Growth Volatility | 76.61 |
Pegasus Hava Tasimaciligi AS - Net Assets Trend (2010–2024)
This chart illustrates how Pegasus Hava Tasimaciligi 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 Pegasus Hava Tasimaciligi AS (2010–2024)
The table below shows the annual net assets of Pegasus Hava Tasimaciligi AS from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL74.92 Billion | +37.04% |
| 2023-12-31 | TL54.67 Billion | +202.96% |
| 2022-12-31 | TL18.04 Billion | +165.23% |
| 2021-12-31 | TL6.80 Billion | +26.31% |
| 2020-12-31 | TL5.39 Billion | +0.83% |
| 2019-12-31 | TL5.34 Billion | +43.78% |
| 2018-12-31 | TL3.72 Billion | +49.54% |
| 2017-12-31 | TL2.48 Billion | +58.33% |
| 2016-12-31 | TL1.57 Billion | +8.03% |
| 2015-12-31 | TL1.45 Billion | +25.11% |
| 2014-12-31 | TL1.16 Billion | +1.30% |
| 2013-12-31 | TL1.15 Billion | +250.15% |
| 2012-12-31 | TL327.35 Million | +73.48% |
| 2011-12-31 | TL188.70 Million | +11.67% |
| 2010-12-31 | TL168.98 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pegasus Hava Tasimaciligi 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 121894.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL39.59 Billion | 52.84% |
| Common Stock | TL500.00 Million | 0.67% |
| Other Comprehensive Income | TL34.77 Billion | 46.41% |
| Other Components | TL57.99 Million | 0.08% |
| Total Equity | TL74.92 Billion | 100.00% |
Pegasus Hava Tasimaciligi AS Competitors by Market Cap
The table below lists competitors of Pegasus Hava Tasimaciligi AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xinxiang Chemical Fiber Co Ltd
SHE:000949
|
$1.15 Billion |
|
Eugene Technology Co.Ltd
KQ:084370
|
$1.15 Billion |
|
062040
KO:062040
|
$1.15 Billion |
|
VGP NV
PINK:VGPBF
|
$1.15 Billion |
|
The North West Company Inc
PINK:NNWWF
|
$1.15 Billion |
|
Invisio Communications AB
ST:IVSO
|
$1.15 Billion |
|
MakeMyTrip Limited
NASDAQ:MMYT
|
$1.15 Billion |
|
Wuxi Rural Commercial Bank Co Ltd
SHG:600908
|
$1.15 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pegasus Hava Tasimaciligi AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 54,669,186,221 to 74,919,093,000, a change of 20,249,906,779 (37.0%).
- Net income of 13,285,438,000 contributed positively to equity growth.
- Other comprehensive income increased equity by 6,964,468,765.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL13.29 Billion | +17.73% |
| Other Comprehensive Income | TL6.96 Billion | +9.3% |
| Other Changes | TL14.00 | +0.0% |
| Total Change | TL- | 37.04% |
Book Value vs Market Value Analysis
This analysis compares Pegasus Hava Tasimaciligi 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: 0.81x
- 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 247.30x to 0.81x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | TL0.73 | TL179.90 | x |
| 2013-12-31 | TL2.50 | TL179.90 | x |
| 2014-12-31 | TL2.32 | TL179.90 | x |
| 2015-12-31 | TL2.91 | TL179.90 | x |
| 2016-12-31 | TL3.15 | TL179.90 | x |
| 2017-12-31 | TL5.01 | TL179.90 | x |
| 2018-12-31 | TL7.51 | TL179.90 | x |
| 2019-12-31 | TL10.68 | TL179.90 | x |
| 2020-12-31 | TL10.77 | TL179.90 | x |
| 2021-12-31 | TL13.61 | TL179.90 | x |
| 2022-12-31 | TL36.09 | TL179.90 | x |
| 2023-12-31 | TL109.34 | TL179.90 | x |
| 2024-12-31 | TL223.03 | TL179.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pegasus Hava Tasimaciligi 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): 17.73%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.88%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 3.78x
- Recent ROE (17.73%) is above the historical average (11.28%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 38.58% | 6.58% | 0.87x | 6.75x | TL93.57 Million |
| 2013 | 8.00% | 3.81% | 0.69x | 3.05x | TL-22.88 Million |
| 2014 | 12.34% | 4.65% | 0.87x | 3.04x | TL27.21 Million |
| 2015 | 7.77% | 3.24% | 0.85x | 2.82x | TL-32.42 Million |
| 2016 | -8.49% | -3.61% | 0.66x | 3.57x | TL-291.27 Million |
| 2017 | 20.04% | 9.39% | 0.66x | 3.23x | TL251.66 Million |
| 2018 | 13.52% | 6.12% | 0.61x | 3.64x | TL132.07 Million |
| 2019 | 24.96% | 12.09% | 0.52x | 3.94x | TL799.15 Million |
| 2020 | -36.48% | -40.91% | 0.17x | 5.40x | TL-2.50 Billion |
| 2021 | -28.99% | -18.50% | 0.20x | 7.78x | TL-2.65 Billion |
| 2022 | 39.35% | 16.62% | 0.45x | 5.31x | TL5.30 Billion |
| 2023 | 38.24% | 29.64% | 0.35x | 3.69x | TL15.44 Billion |
| 2024 | 17.73% | 11.88% | 0.39x | 3.78x | TL5.79 Billion |
Industry Comparison
This section compares Pegasus Hava Tasimaciligi AS's net assets metrics with peer companies in the Airlines industry.
Industry Context
- Industry: Airlines
- Average net assets among peers: $5,312,631,690
- Average return on equity (ROE) among peers: 3.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pegasus Hava Tasimaciligi AS (PGSUS) | TL2.32 Billion | 38.58% | 2.45x | $1.15 Billion |
| Turkish Airlines (THYAO) | $5.31 Billion | 3.17% | 2.40x | $5.84 Billion |