SASA Polyester Sanayi AS
Sasa Polyester Sanayi A.S. engages in the production and marketing of polyester fibers and chips, yarns, and related products in Turkey and internationally. The company offers fiberfill, nonwoven, and textile fibers. It also provides texturized yarns, partially oriented yarns, polyethylene terephthalate resin and chips, and purified terephthalic acid. The company was incorporated in 1966 and is h… Read more
SASA Polyester Sanayi AS (SASA) - Net Assets
Latest net assets as of June 2025: TL130.77 Billion TRY
Based on the latest financial reports, SASA Polyester Sanayi AS (SASA) has net assets worth TL130.77 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 (TL281.72 Billion) and total liabilities (TL150.95 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 | TL130.77 Billion |
| % of Total Assets | 46.42% |
| Annual Growth Rate | -24.71% |
| 5-Year Change | 4087.93% |
| 10-Year Change | 30809.89% |
| Growth Volatility | 112.53 |
SASA Polyester Sanayi AS - Net Assets Trend (2000–2024)
This chart illustrates how SASA Polyester Sanayi 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 SASA Polyester Sanayi AS (2000–2024)
The table below shows the annual net assets of SASA Polyester Sanayi AS from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL120.88 Billion | +28.55% |
| 2023-12-31 | TL94.03 Billion | +472.63% |
| 2022-12-31 | TL16.42 Billion | +294.49% |
| 2021-12-31 | TL4.16 Billion | +44.22% |
| 2020-12-31 | TL2.89 Billion | +11.65% |
| 2019-12-31 | TL2.59 Billion | +48.98% |
| 2018-12-31 | TL1.74 Billion | +52.50% |
| 2017-12-31 | TL1.14 Billion | +115.45% |
| 2016-12-31 | TL528.12 Million | +35.04% |
| 2015-12-31 | TL391.07 Million | +22.08% |
| 2014-12-31 | TL320.34 Million | +28.18% |
| 2013-12-31 | TL249.91 Million | +2.56% |
| 2012-12-31 | TL243.67 Million | -11.22% |
| 2011-12-31 | TL274.48 Million | +18.12% |
| 2010-12-31 | TL232.37 Million | +15.12% |
| 2009-12-31 | TL201.85 Million | -14.83% |
| 2008-12-31 | TL237.00 Million | -17.62% |
| 2007-12-31 | TL287.70 Million | -16.39% |
| 2006-12-31 | TL344.11 Million | -6.23% |
| 2005-12-31 | TL366.96 Million | -14.96% |
| 2004-12-31 | TL431.51 Million | -32.00% |
| 2003-12-31 | TL634.56 Million | -100.00% |
| 2002-12-31 | TL206.53 Trillion | +52.12% |
| 2001-12-31 | TL135.77 Trillion | +23.75% |
| 2000-12-31 | TL109.71 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to SASA Polyester Sanayi 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 3147192400000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL31.47 Billion | 26.04% |
| Other Components | TL89.41 Billion | 73.96% |
| Total Equity | TL120.88 Billion | 100.00% |
SASA Polyester Sanayi AS Competitors by Market Cap
The table below lists competitors of SASA Polyester Sanayi AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bucher Industries AG
OTCGREY:BCHHF
|
$2.74 Billion |
|
Zhonghang Electronic Measuring Instruments Co Ltd
SHE:300114
|
$2.74 Billion |
|
Qingdao TGOOD Electric Co Ltd
SHE:300001
|
$2.75 Billion |
|
Delhivery Limited
NSE:DELHIVERY
|
$2.75 Billion |
|
Eutelsat Communications SA
PINK:EUTLF
|
$2.74 Billion |
|
Wallenius Wilhelmsen Logistics ASA
OL:WAWI
|
$2.74 Billion |
|
China Resources Gas Group Limited
PINK:CRGGF
|
$2.74 Billion |
|
Ramelius Resources Ltd
PINK:RMLRF
|
$2.74 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SASA Polyester Sanayi AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 94,032,627,000 to 120,878,397,000, a change of 26,845,770,000 (28.5%).
- Net income of 18,279,278,000 contributed positively to equity growth.
- Share repurchases of 26,459,000 reduced equity.
- Other factors increased equity by 8,592,951,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL18.28 Billion | +15.12% |
| Share Repurchases | TL26.46 Million | -0.02% |
| Other Changes | TL8.59 Billion | +7.11% |
| Total Change | TL- | 28.55% |
Book Value vs Market Value Analysis
This analysis compares SASA Polyester Sanayi 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: 0.89x
- 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 2.41x to 0.89x 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 | TL1.02 | TL2.46 | x |
| 2018-12-31 | TL1.55 | TL2.46 | x |
| 2019-12-31 | TL2.31 | TL2.46 | x |
| 2020-12-31 | TL2.58 | TL2.46 | x |
| 2021-12-31 | TL3.77 | TL2.46 | x |
| 2022-12-31 | TL7.25 | TL2.46 | x |
| 2023-12-31 | TL2.21 | TL2.46 | x |
| 2024-12-31 | TL2.76 | TL2.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SASA Polyester Sanayi 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): 15.12%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 37.63%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 1.92x
- Recent ROE (15.12%) is below the historical average (23.28%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 13.13% | 4.76% | 1.32x | 2.10x | TL7.28 Million |
| 2011 | 15.34% | 4.66% | 1.46x | 2.26x | TL14.66 Million |
| 2013 | 2.50% | 0.57% | 1.67x | 2.61x | TL-18.75 Million |
| 2014 | 22.28% | 5.90% | 1.82x | 2.08x | TL39.35 Million |
| 2015 | 18.09% | 6.36% | 1.59x | 1.79x | TL31.62 Million |
| 2016 | 25.95% | 11.59% | 1.15x | 1.95x | TL84.24 Million |
| 2017 | 17.89% | 12.30% | 0.70x | 2.09x | TL89.78 Million |
| 2018 | 34.43% | 27.42% | 0.52x | 2.39x | TL423.88 Million |
| 2019 | 41.17% | 38.50% | 0.36x | 3.00x | TL805.67 Million |
| 2020 | 10.82% | 6.19% | 0.47x | 3.74x | TL23.55 Million |
| 2021 | 16.75% | 4.76% | 0.66x | 5.33x | TL281.17 Million |
| 2022 | 64.49% | 34.09% | 0.59x | 3.19x | TL8.95 Billion |
| 2023 | 27.93% | 39.28% | 0.31x | 2.32x | TL16.86 Billion |
| 2024 | 15.12% | 37.63% | 0.21x | 1.92x | TL6.19 Billion |
Industry Comparison
This section compares SASA Polyester Sanayi AS's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $719,063,395
- Average return on equity (ROE) among peers: 11.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SASA Polyester Sanayi AS (SASA) | TL130.77 Billion | 13.13% | 1.15x | $2.74 Billion |
| Aksa Akrilik Kimya Sanayi AS (AKSA) | $5.74 Billion | 59.61% | 0.99x | $1.12 Billion |
| Artemis Hali As (ARTMS) | $272.08 Million | 26.83% | 1.43x | $12.92 Million |
| Akin Tekstil AS (ATEKS) | $190.49 Million | 0.00% | 0.27x | $10.13 Million |
| Bilici Yatirim Sanayi ve Ticaret AS (BLCYT) | $16.16 Million | 0.00% | 0.30x | $38.50 Million |
| Bossa Ticaret ve Sanayi Isletmeleri TAS (BOSSA) | $678.16 Million | 48.24% | 1.72x | $18.55 Million |
| Birko Birlesik Koyunlulular Mensucat Ticaret ve Sanayi AS (BRKO) | $59.69 Million | 0.00% | 1.13x | $48.61 Million |
| Birlik Mensucat Ticaret ve Sanayi Isletmesi AS (BRMEN) | $34.61 Million | -25.17% | 2.08x | $7.62 Million |
| Diriteks Dirilis Tekstil Sanayi ve Ticaret AS (DIRIT) | $15.05 Million | 0.24% | 0.51x | $7.36 Million |
| Ensari Deri Gida Sanayi ve Ticaret AS (ENSRI) | $55.50 Million | 3.13% | 1.78x | $204.53 Million |
| Hateks Hatay Tekstil Isletmeleri AS (HATEK) | $128.56 Million | 0.26% | 0.32x | $17.36 Million |