Ray Sigorta AS (RAYSG) - Net Assets
Based on the latest financial reports, Ray Sigorta AS (RAYSG) has net assets worth TL6.50 Billion TRY (≈ $145.60 Million USD) 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 ≈ $791.22 Million USD) and total liabilities (TL28.83 Billion ≈ $645.62 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 financial resilience of Ray Sigorta AS to evaluate the company's liquid asset resilience ratio.
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. Also explore balance sheet size of Ray Sigorta AS for the complete picture of this company's asset base.
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. For live valuation and market cap data, see how much is Ray Sigorta AS worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL4.38 Billion ≈ $98.08 Million |
+116.92% |
| 2023-12-31 | TL2.02 Billion ≈ $45.21 Million |
+126.60% |
| 2022-12-31 | TL890.88 Million ≈ $19.95 Million |
+102.59% |
| 2021-12-31 | TL439.74 Million ≈ $9.85 Million |
+30.14% |
| 2020-12-31 | TL337.90 Million ≈ $7.57 Million |
+28.89% |
| 2019-12-31 | TL262.15 Million ≈ $5.87 Million |
+23.56% |
| 2018-12-31 | TL212.17 Million ≈ $4.75 Million |
+14.73% |
| 2017-12-31 | TL184.93 Million ≈ $4.14 Million |
+46.38% |
| 2016-12-31 | TL126.33 Million ≈ $2.83 Million |
+34.38% |
| 2015-12-31 | TL94.01 Million ≈ $2.11 Million |
-14.26% |
| 2014-12-31 | TL109.65 Million ≈ $2.46 Million |
+11.44% |
| 2013-12-31 | TL98.39 Million ≈ $2.20 Million |
+9.09% |
| 2012-12-31 | TL90.20 Million ≈ $2.02 Million |
+4.32% |
| 2011-12-31 | TL86.46 Million ≈ $1.94 Million |
+67.85% |
| 2010-12-31 | TL51.51 Million ≈ $1.15 Million |
+29.35% |
| 2009-12-31 | TL39.82 Million ≈ $891.93K |
-36.02% |
| 2008-12-31 | TL62.24 Million ≈ $1.39 Million |
+26.82% |
| 2007-12-31 | TL49.08 Million ≈ $1.10 Million |
+203.04% |
| 2006-12-31 | TL16.20 Million ≈ $362.75K |
-26.08% |
| 2005-12-31 | TL21.91 Million ≈ $490.71K |
-17.47% |
| 2004-12-31 | TL26.55 Million ≈ $594.58K |
-100.00% |
| 2003-12-31 | TL29.17 Trillion ≈ $653.42 Billion |
+11.28% |
| 2002-12-31 | TL26.22 Trillion ≈ $587.19 Billion |
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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 |
|---|---|
|
Esr Kendall Square Reit Co Ltd
KO:365550
|
$737.13 Million |
|
SoluM Co Ltd
KO:248070
|
$737.20 Million |
|
GH RESEARCH PLC DL-025
F:1KA
|
$737.24 Million |
|
Sejin Heavy Industries Co Ltd
KO:075580
|
$737.39 Million |
|
Magic Software Enterprises Ltd
TA:MGIC
|
$736.62 Million |
|
Ningbo Daye Garden Machinery Co Ltd
SHE:300879
|
$736.58 Million |
|
Galaxy Surfactants Limited
NSE:GALAXYSURF
|
$736.45 Million |
|
SLR Investment Corp
NASDAQ:SLRC
|
$735.94 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: 7.51x
- 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 177.86x to 7.51x 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 | TL201.70 | x |
| 2018-12-31 | TL1.30 | TL201.70 | x |
| 2019-12-31 | TL1.61 | TL201.70 | x |
| 2020-12-31 | TL2.07 | TL201.70 | x |
| 2021-12-31 | TL2.70 | TL201.70 | x |
| 2022-12-31 | TL5.46 | TL201.70 | x |
| 2023-12-31 | TL12.38 | TL201.70 | x |
| 2024-12-31 | TL26.85 | TL201.70 | 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: $31,450,316,426,076
- Average return on equity (ROE) among peers: 0.17%
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 | $736.68 Million |
| Agesa Hayat ve Emeklilik AS (AGESA) | $1.37 Billion | 39.50% | 4.32x | $999.82 Million |
| AK Sigorta AS (AKGRT) | $348.64 Million | -38.99% | 4.39x | $273.67 Million |
| Anadolu Anonim Turk Sigorta Sti (ANSGR) | $94.35 Trillion | 0.00% | 1.52x | $1.38 Billion |
About 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