QNB Finans Finansal Kiralama AS
QNB Finansal Kiralama A.S. provides financial leasing services in Turkey and internationally. The company offers finance leasing services for heavy duty and construction machinery, metal processing machines, real estate, energy and energy efficiency equipment, medical devices and equipment, yacht/boat, agricultural machinery, audio and visual systems, elevators and escalators, power transmission … Read more
QNB Finans Finansal Kiralama AS (QNBFL) - Net Assets
Latest net assets as of December 2024: TL4.65 Billion TRY
Based on the latest financial reports, QNB Finans Finansal Kiralama AS (QNBFL) has net assets worth TL4.65 Billion TRY as of December 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL31.21 Billion) and total liabilities (TL26.56 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 | TL4.65 Billion |
| % of Total Assets | 14.9% |
| Annual Growth Rate | 21.52% |
| 5-Year Change | 172.9% |
| 10-Year Change | N/A |
| Growth Volatility | 14.62 |
QNB Finans Finansal Kiralama AS - Net Assets Trend (2017–2023)
This chart illustrates how QNB Finans Finansal Kiralama 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 QNB Finans Finansal Kiralama AS (2017–2023)
The table below shows the annual net assets of QNB Finans Finansal Kiralama AS from 2017 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | TL2.45 Billion | +49.75% |
| 2022-12-31 | TL1.64 Billion | +32.21% |
| 2021-12-31 | TL1.24 Billion | +19.27% |
| 2020-12-31 | TL1.04 Billion | +15.57% |
| 2019-12-31 | TL897.89 Million | +7.60% |
| 2018-12-31 | TL834.45 Million | +9.63% |
| 2017-12-31 | TL761.14 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to QNB Finans Finansal Kiralama 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 35.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL824.38 Million | 33.64% |
| Other Components | TL1.63 Billion | 66.36% |
| Total Equity | TL2.45 Billion | 100.00% |
QNB Finans Finansal Kiralama AS Competitors by Market Cap
The table below lists competitors of QNB Finans Finansal Kiralama AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Electroprecizia SA
RO:ELZY
|
$7.20 Million |
|
Goldenwell Biotech Inc
PINK:GWLL
|
$7.20 Million |
|
Mobio Technologies Inc
V:MBO
|
$7.20 Million |
|
Netlinkz Ltd
AU:NET
|
$7.20 Million |
|
Intermedical Care and Lab Hospital Public Company Limited
BK:IMH
|
$7.20 Million |
|
Castec Korea Co Ltd
KQ:071850
|
$7.20 Million |
|
Chase Asia PCL
BK:CHASE
|
$7.20 Million |
|
SCIUKER FRAMES SPA
F:3K4
|
$7.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in QNB Finans Finansal Kiralama AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,636,294,000 to 2,450,332,000, a change of 814,038,000 (49.7%).
- Net income of 824,382,000 contributed positively to equity growth.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL824.38 Million | +33.64% |
| Other Changes | TL-10.34 Million | -0.42% |
| Total Change | TL- | 49.75% |
Book Value vs Market Value Analysis
This analysis compares QNB Finans Finansal Kiralama 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: 150.75x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 6.42x to 150.75x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | TL6.62 | TL42.48 | x |
| 2018-12-31 | TL7.26 | TL42.48 | x |
| 2019-12-31 | TL7.81 | TL42.48 | x |
| 2020-12-31 | TL9.02 | TL42.48 | x |
| 2021-12-31 | TL10.76 | TL42.48 | x |
| 2022-12-31 | TL14.23 | TL42.48 | x |
| 2023-12-31 | TL0.28 | TL42.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently QNB Finans Finansal Kiralama 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): 33.64%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.03%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 10.13x
- Recent ROE (33.64%) is above the historical average (17.05%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 12.35% | 30.05% | 0.07x | 6.19x | TL17.85 Million |
| 2018 | 8.82% | 14.87% | 0.08x | 7.17x | TL-9.86 Million |
| 2019 | 10.13% | 17.00% | 0.09x | 6.56x | TL1.18 Million |
| 2020 | 13.56% | 23.43% | 0.08x | 7.55x | TL36.90 Million |
| 2021 | 16.28% | 23.55% | 0.07x | 10.42x | TL77.77 Million |
| 2022 | 24.54% | 27.65% | 0.09x | 10.30x | TL237.92 Million |
| 2023 | 33.64% | 26.03% | 0.13x | 10.13x | TL579.35 Million |
Industry Comparison
This section compares QNB Finans Finansal Kiralama AS's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $1,937,381,886
- Average return on equity (ROE) among peers: 25.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| QNB Finans Finansal Kiralama AS (QNBFL) | TL4.65 Billion | 12.35% | 5.71x | $7.20 Million |
| Creditwest Faktoring AS (CRDFA) | $44.48 Million | 27.35% | 3.24x | $64.19 Million |
| Garanti Faktoring AS (GARFA) | $140.38 Million | 14.61% | 20.30x | $31.73 Million |
| Is Finansal Kiralama AS (ISFIN) | $475.96 Million | 13.38% | 3.40x | $150.35 Million |
| Katilimevim Tasaruf Finansman A.S. (KTLEV) | $12.46 Billion | 69.20% | 2.81x | $2.25 Billion |
| Lider Faktoring AS (LIDFA) | $132.75 Million | 17.00% | 8.77x | $23.06 Million |
| Seker Finansal Kiralama AS (SEKFK) | $281.81 Million | 36.32% | 4.38x | $18.29 Million |
| Vakif Finansal Kiralama AS (VAKFN) | $29.80 Million | 0.00% | 3.93x | $101.47 Million |