Pinar Su Sanayi ve Ticaret AS

IS:PINSU Turkey Beverages - Non-Alcoholic
Market Cap
$87.38 Million
TL3.10 Billion TRY
Market Cap Rank
#23907 Global
#345 in Turkey
Share Price
TL10.90
Change (1 day)
-0.91%
52-Week Range
TL5.30 - TL14.76
All Time High
TL14.76
Categories
Companies in Turkey Beverages - Non-Alcoholic
About

Pinar Su ve Icecek Sanayi ve Ticaret A.S. produces and sells bottled water, functional beverages, natural mineral water, lemonade, and plain and fruit-flavored sparkling water in Turkey. The company exports its products to Germany, England, Holland, France, Belgium, Kosovo, Kuwait, Qatar, Saudi Arabia, the United Arab Emirates, Singapore, Australia, and the United States. Pinar Su ve Icecek Sanay… Read more

Pinar Su Sanayi ve Ticaret AS (PINSU) - Net Assets

Latest net assets as of September 2025: TL2.37 Billion TRY

Based on the latest financial reports, Pinar Su Sanayi ve Ticaret AS (PINSU) has net assets worth TL2.37 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 (TL3.89 Billion) and total liabilities (TL1.52 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 TL2.37 Billion
% of Total Assets 60.99%
Annual Growth Rate -35.28%
5-Year Change 2144.17%
10-Year Change 3400.63%
Growth Volatility 83.02

Pinar Su Sanayi ve Ticaret AS - Net Assets Trend (2002–2024)

This chart illustrates how Pinar Su Sanayi ve Ticaret 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 Pinar Su Sanayi ve Ticaret AS (2002–2024)

The table below shows the annual net assets of Pinar Su Sanayi ve Ticaret AS from 2002 to 2024.

Year Net Assets Change
2024-12-31 TL1.88 Billion +16.24%
2023-12-31 TL1.62 Billion +345.93%
2022-12-31 TL362.95 Million +59.89%
2021-12-31 TL227.00 Million +170.77%
2020-12-31 TL83.84 Million +62.19%
2019-12-31 TL51.69 Million -19.86%
2018-12-31 TL64.50 Million +0.80%
2017-12-31 TL63.99 Million +0.00%
2016-12-31 TL63.99 Million +19.05%
2015-12-31 TL53.75 Million -8.82%
2014-12-31 TL58.94 Million -19.18%
2013-12-31 TL72.93 Million -6.68%
2012-12-31 TL78.15 Million +6.47%
2011-12-31 TL73.40 Million +0.93%
2010-12-31 TL72.72 Million +3.57%
2009-12-31 TL70.22 Million +14.50%
2008-12-31 TL61.33 Million +8.68%
2007-12-31 TL56.43 Million +15.53%
2006-12-31 TL48.84 Million +23.30%
2005-12-31 TL39.61 Million +26.83%
2004-12-31 TL31.23 Million +11.84%
2003-12-31 TL27.93 Million -100.00%
2002-12-31 TL27.06 Trillion --

Equity Component Analysis

This analysis shows how different components contribute to Pinar Su Sanayi ve Ticaret 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 35905479000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings TL359.05 Million 19.08%
Other Components TL1.52 Billion 80.92%
Total Equity TL1.88 Billion 100.00%

Pinar Su Sanayi ve Ticaret AS Competitors by Market Cap

The table below lists competitors of Pinar Su Sanayi ve Ticaret AS ranked by their market capitalization.

Company Market Cap
Creative Technology Ltd
PINK:CREAF
 		$28.16 Million
Savi Financial Corporation Inc
PINK:SVVB
 		$28.16 Million
Otto Holding AS
IS:OTTO
 		$28.16 Million
Sangsangin Investment & Securities Co Ltd
KO:001290
 		$28.17 Million
Niloerngruppen AB Series B
ST:NIL-B
 		$28.15 Million
MoneyHero Limited Class A Ordinary Shares
NASDAQ:MNY
 		$28.15 Million
Hauman Technologies
TWO:6218
 		$28.15 Million
Gowing Bros Ltd
AU:GOW
 		$28.14 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Pinar Su Sanayi ve Ticaret AS's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 1,618,522,478 to 1,881,415,706, a change of 262,893,228 (16.2%).
  • Net income of 34,424,871 contributed positively to equity growth.
  • Other factors increased equity by 228,468,357.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income TL34.42 Million +1.83%
Other Changes TL228.47 Million +12.14%
Total Change TL- 16.24%

Book Value vs Market Value Analysis

This analysis compares Pinar Su Sanayi ve Ticaret 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: 1.65x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 7.63x to 1.65x 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 TL1.43 TL10.90 x
2018-12-31 TL1.44 TL10.90 x
2019-12-31 TL1.15 TL10.90 x
2020-12-31 TL1.87 TL10.90 x
2021-12-31 TL2.40 TL10.90 x
2022-12-31 TL3.83 TL10.90 x
2023-12-31 TL5.69 TL10.90 x
2024-12-31 TL6.62 TL10.90 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Pinar Su Sanayi ve Ticaret 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): 1.83%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 1.76%
  • • Asset Turnover: 0.66x
  • • Equity Multiplier: 1.59x
  • Recent ROE (1.83%) is above the historical average (-9.57%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2004 2.29% 2.77% 0.45x 1.82x TL-2.41 Million
2005 9.60% 8.68% 0.67x 1.65x TL-157.20K
2006 13.96% 14.03% 0.79x 1.26x TL1.93 Million
2007 14.78% 13.76% 0.81x 1.33x TL2.69 Million
2008 9.26% 9.29% 0.73x 1.37x TL-452.60K
2009 8.58% 11.02% 0.62x 1.26x TL-996.10K
2010 5.21% 5.49% 0.72x 1.32x TL-3.48 Million
2012 0.15% 0.12% 0.84x 1.52x TL-7.70 Million
2014 3.66% 1.63% 1.08x 2.07x TL-3.74 Million
2015 -16.74% -6.23% 0.97x 2.78x TL-14.37 Million
2016 -33.48% -13.07% 0.80x 3.22x TL-27.82 Million
2017 -30.81% -9.94% 0.80x 3.86x TL-26.11 Million
2018 -34.23% -9.43% 0.80x 4.55x TL-28.53 Million
2019 -63.36% -14.58% 0.69x 6.29x TL-37.92 Million
2020 -47.54% -18.13% 0.52x 5.07x TL-48.24 Million
2021 -28.10% -19.74% 0.48x 2.94x TL-86.48 Million
2022 -14.95% -9.37% 0.59x 2.69x TL-90.57 Million
2023 18.07% 16.77% 0.65x 1.67x TL130.56 Million
2024 1.83% 1.76% 0.66x 1.59x TL-153.72 Million

Industry Comparison

This section compares Pinar Su Sanayi ve Ticaret AS's net assets metrics with peer companies in the Beverages - Non-Alcoholic industry.

Industry Context

  • Industry: Beverages - Non-Alcoholic
  • Average net assets among peers: $1,489,938,325
  • Average return on equity (ROE) among peers: 12.71%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Pinar Su Sanayi ve Ticaret AS (PINSU) TL2.37 Billion 2.29% 0.64x $28.16 Million
Anadolu Efes Biracilik ve Malt Sanayi AS (AEFES) $2.82 Billion 17.89% 0.99x $2.63 Billion
Coca-Cola Icecek AS (CCOLA) $2.87 Billion 17.02% 1.44x $1.60 Billion
Elite Naturel Organik Gida Sanayi ve Ticaret AS (ELITE) $236.40 Million 15.91% 0.84x $28.89 Million
Kristal Kola ve Mesrubat Sanayi Ticaret AS (KRSTL) $37.01 Million 0.00% 0.26x $42.70 Million