Pegasus Hava Tasimaciligi AS (PGSUS) - Net Assets

Latest as of September 2025: TL2.32 Billion TRY ≈ $51.89 Million USD

Based on the latest financial reports, Pegasus Hava Tasimaciligi AS (PGSUS) has net assets worth TL2.32 Billion TRY (≈ $51.89 Million USD) 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 ≈ $178.76 Million USD) and total liabilities (TL5.66 Billion ≈ $126.88 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. Check Pegasus Hava Tasimaciligi AS (PGSUS) asset resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore Pegasus Hava Tasimaciligi AS assets under control for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Pegasus Hava Tasimaciligi AS (PGSUS) market capitalisation.

Year Net Assets Change
2024-12-31 TL74.92 Billion
≈ $1.68 Billion		 +37.04%
2023-12-31 TL54.67 Billion
≈ $1.22 Billion		 +202.96%
2022-12-31 TL18.04 Billion
≈ $404.16 Million		 +165.23%
2021-12-31 TL6.80 Billion
≈ $152.38 Million		 +26.31%
2020-12-31 TL5.39 Billion
≈ $120.64 Million		 +0.83%
2019-12-31 TL5.34 Billion
≈ $119.65 Million		 +43.78%
2018-12-31 TL3.72 Billion
≈ $83.22 Million		 +49.54%
2017-12-31 TL2.48 Billion
≈ $55.65 Million		 +58.33%
2016-12-31 TL1.57 Billion
≈ $35.15 Million		 +8.03%
2015-12-31 TL1.45 Billion
≈ $32.54 Million		 +25.11%
2014-12-31 TL1.16 Billion
≈ $26.01 Million		 +1.30%
2013-12-31 TL1.15 Billion
≈ $25.67 Million		 +250.15%
2012-12-31 TL327.35 Million
≈ $7.33 Million		 +73.48%
2011-12-31 TL188.70 Million
≈ $4.23 Million		 +11.67%
2010-12-31 TL168.98 Million
≈ $3.78 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
Triumph Group Inc
NYSE:TGI
 $2.02 Billion
Goodyear Tire & Rubber Co
NASDAQ:GT
 $2.02 Billion
Jinfu Technology Co Ltd
SHE:003018
 $2.02 Billion
Alliance Financial Group Bhd
KLSE:2488
 $2.02 Billion
Ningbo ZhongDa Leader Intelligent Transmission Co Ltd
SHE:002896
 $2.02 Billion
SIMMTECH Co. Ltd
KQ:222800
 $2.02 Billion
Motorcomm Electronic Technology Co. Ltd. A
SHG:688515
 $2.02 Billion
BWP Trust
AU:BWP
 $2.02 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 248.26x 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 TL180.60 x
2013-12-31 TL2.50 TL180.60 x
2014-12-31 TL2.32 TL180.60 x
2015-12-31 TL2.91 TL180.60 x
2016-12-31 TL3.15 TL180.60 x
2017-12-31 TL5.01 TL180.60 x
2018-12-31 TL7.51 TL180.60 x
2019-12-31 TL10.68 TL180.60 x
2020-12-31 TL10.77 TL180.60 x
2021-12-31 TL13.61 TL180.60 x
2022-12-31 TL36.09 TL180.60 x
2023-12-31 TL109.34 TL180.60 x
2024-12-31 TL223.03 TL180.60 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: $3,747,407,000
  • Average return on equity (ROE) among peers: 7.64%

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 $2.02 Billion
Turkish Airlines (THYAO) $3.75 Billion 7.64% 1.84x $9.48 Billion

About Pegasus Hava Tasimaciligi AS

IS:PGSUS Turkey Airlines
Market Cap
$2.02 Billion
TL90.30 Billion TRY
Market Cap Rank
#6213 Global
#46 in Turkey
Share Price
TL180.60
Change (1 day)
+0.84%
52-Week Range
TL173.60 - TL274.00
All Time High
TL282.75
Categories
Companies in Turkey Airlines
About

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