Ray Sigorta AS
Ray Sigorta Anonim Sirketi engages in the non-life insurance business in Turkey. The company offers accident, illness - health, land vehicles, aircraft, watercraft, transportation, fire, natural disasters, general damages, credit, financial losses, and legal protection insurance services; home insurance policies; and general liability insurance solutions. It sells its products through agencies, a… Read more
Ray Sigorta AS (RAYSG) - Net Assets
Latest net assets as of June 2025: TL6.50 Billion TRY
Based on the latest financial reports, Ray Sigorta AS (RAYSG) has net assets worth TL6.50 Billion TRY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL35.33 Billion) and total liabilities (TL28.83 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 | TL6.50 Billion |
| % of Total Assets | 18.4% |
| Annual Growth Rate | -32.65% |
| 5-Year Change | 1195.96% |
| 10-Year Change | 4557.87% |
| Growth Volatility | 61.96 |
Ray Sigorta AS - Net Assets Trend (2002–2024)
This chart illustrates how Ray Sigorta 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 Ray Sigorta AS (2002–2024)
The table below shows the annual net assets of Ray Sigorta AS from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL4.38 Billion | +116.92% |
| 2023-12-31 | TL2.02 Billion | +126.60% |
| 2022-12-31 | TL890.88 Million | +102.59% |
| 2021-12-31 | TL439.74 Million | +30.14% |
| 2020-12-31 | TL337.90 Million | +28.89% |
| 2019-12-31 | TL262.15 Million | +23.56% |
| 2018-12-31 | TL212.17 Million | +14.73% |
| 2017-12-31 | TL184.93 Million | +46.38% |
| 2016-12-31 | TL126.33 Million | +34.38% |
| 2015-12-31 | TL94.01 Million | -14.26% |
| 2014-12-31 | TL109.65 Million | +11.44% |
| 2013-12-31 | TL98.39 Million | +9.09% |
| 2012-12-31 | TL90.20 Million | +4.32% |
| 2011-12-31 | TL86.46 Million | +67.85% |
| 2010-12-31 | TL51.51 Million | +29.35% |
| 2009-12-31 | TL39.82 Million | -36.02% |
| 2008-12-31 | TL62.24 Million | +26.82% |
| 2007-12-31 | TL49.08 Million | +203.04% |
| 2006-12-31 | TL16.20 Million | -26.08% |
| 2005-12-31 | TL21.91 Million | -17.47% |
| 2004-12-31 | TL26.55 Million | -100.00% |
| 2003-12-31 | TL29.17 Trillion | +11.28% |
| 2002-12-31 | TL26.22 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ray Sigorta 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 decreased by 99.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL3.42 Billion | 77.99% |
| Other Components | TL963.95 Million | 22.01% |
| Total Equity | TL4.38 Billion | 100.00% |
Ray Sigorta AS Competitors by Market Cap
The table below lists competitors of Ray Sigorta AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Equatorial Pará Distribuidora de Energia S.A
SA:EQPA3
|
$46.76 Million |
|
Merit Turizm Yatirim ve Isletme AS
IS:MERIT
|
$46.77 Million |
|
Shanghai Huili Building Materials Co Ltd
SHG:900939
|
$46.77 Million |
|
Hsin Kao Gas Co Ltd
TW:9931
|
$46.79 Million |
|
VirTra Inc
NASDAQ:VTSI
|
$46.75 Million |
|
Tin Nghia Industrial Park Development JSC
VN:TIP
|
$46.70 Million |
|
Coeptis Therapeutics Inc
NASDAQ:COEP
|
$46.70 Million |
|
QSYS
ST:QSYS
|
$46.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ray Sigorta AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,018,723,627 to 4,379,069,037, a change of 2,360,345,410 (116.9%).
- Net income of 2,211,988,094 contributed positively to equity growth.
- Other factors increased equity by 148,357,316.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL2.21 Billion | +50.51% |
| Other Changes | TL148.36 Million | +3.39% |
| Total Change | TL- | 116.92% |
Book Value vs Market Value Analysis
This analysis compares Ray Sigorta 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: 7.52x
- 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 decreased from 178.04x to 7.52x 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 | TL1.13 | TL201.90 | x |
| 2018-12-31 | TL1.30 | TL201.90 | x |
| 2019-12-31 | TL1.61 | TL201.90 | x |
| 2020-12-31 | TL2.07 | TL201.90 | x |
| 2021-12-31 | TL2.70 | TL201.90 | x |
| 2022-12-31 | TL5.46 | TL201.90 | x |
| 2023-12-31 | TL12.38 | TL201.90 | x |
| 2024-12-31 | TL26.85 | TL201.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ray Sigorta 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): 50.51%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.03%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 5.85x
- Recent ROE (50.51%) is above the historical average (14.60%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 1.04% | 0.43% | 0.55x | 4.35x | TL-5.58 Million |
| 2011 | 0.39% | 0.24% | 0.46x | 3.54x | TL-8.31 Million |
| 2012 | 4.14% | 2.39% | 0.49x | 3.58x | TL-5.28 Million |
| 2013 | 8.70% | 4.99% | 0.45x | 3.87x | TL-1.27 Million |
| 2014 | 2.17% | 1.37% | 0.43x | 3.66x | TL-8.59 Million |
| 2015 | -15.76% | -7.67% | 0.43x | 4.79x | TL-24.22 Million |
| 2016 | 26.03% | 8.94% | 0.63x | 4.63x | TL20.25 Million |
| 2017 | 11.51% | 4.82% | 0.60x | 3.98x | TL2.79 Million |
| 2018 | 13.38% | 5.62% | 0.54x | 4.37x | TL7.17 Million |
| 2019 | 19.10% | 7.51% | 0.52x | 4.87x | TL23.87 Million |
| 2020 | 17.44% | 7.24% | 0.45x | 5.30x | TL25.13 Million |
| 2021 | 15.54% | 5.72% | 0.52x | 5.19x | TL24.34 Million |
| 2022 | 20.17% | 8.43% | 0.39x | 6.11x | TL90.63 Million |
| 2023 | 44.68% | 15.06% | 0.55x | 5.38x | TL700.06 Million |
| 2024 | 50.51% | 15.03% | 0.57x | 5.85x | TL1.77 Billion |
Industry Comparison
This section compares Ray Sigorta AS's net assets metrics with peer companies in the Insurance - Diversified industry.
Industry Context
- Industry: Insurance - Diversified
- Average net assets among peers: $31,450,423,824,189
- Average return on equity (ROE) among peers: 4.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ray Sigorta AS (RAYSG) | TL6.50 Billion | 1.04% | 4.43x | $46.76 Million |
| Agesa Hayat ve Emeklilik AS (AGESA) | $1.69 Billion | 51.73% | 50.80x | $224.65 Million |
| AK Sigorta AS (AKGRT) | $348.64 Million | -38.99% | 4.39x | $101.06 Million |
| Anadolu Anonim Turk Sigorta Sti (ANSGR) | $94.35 Trillion | 0.00% | 1.52x | $663.06 Million |