Turkiye Sise ve Cam Fabrikalari AS (SISE) - Net Assets

Latest as of June 2025: TL242.49 Billion TRY

Based on the latest financial reports, Turkiye Sise ve Cam Fabrikalari AS (SISE) has net assets worth TL242.49 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 (TL454.83 Billion) and total liabilities (TL212.33 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	TL242.49 Billion
% of Total Assets	53.32%
Annual Growth Rate	-29.69%
5-Year Change	825.3%
10-Year Change	2090.05%
Growth Volatility	40.21

Turkiye Sise ve Cam Fabrikalari AS - Net Assets Trend (2000–2024)

This chart illustrates how Turkiye Sise ve Cam Fabrikalari 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 Turkiye Sise ve Cam Fabrikalari AS (2000–2024)

The table below shows the annual net assets of Turkiye Sise ve Cam Fabrikalari AS from 2000 to 2024.

Year	Net Assets	Change
2024-12-31	TL208.11 Billion	+24.52%
2023-12-31	TL167.13 Billion	+75.69%
2022-12-31	TL95.13 Billion	+92.71%
2021-12-31	TL49.36 Billion	+119.48%
2020-12-31	TL22.49 Billion	+17.55%
2019-12-31	TL19.13 Billion	+14.39%
2018-12-31	TL16.73 Billion	+28.05%
2017-12-31	TL13.06 Billion	+15.29%
2016-12-31	TL11.33 Billion	+19.23%
2015-12-31	TL9.50 Billion	+31.26%
2014-12-31	TL7.24 Billion	+9.43%
2013-12-31	TL6.62 Billion	+18.01%
2012-12-31	TL5.61 Billion	+8.72%
2011-12-31	TL5.16 Billion	+24.35%
2010-12-31	TL4.15 Billion	+11.75%
2009-12-31	TL3.71 Billion	+3.90%
2008-12-31	TL3.57 Billion	+6.83%
2007-12-31	TL3.34 Billion	+7.83%
2006-12-31	TL3.10 Billion	+10.50%
2005-12-31	TL2.81 Billion	+6.52%
2004-12-31	TL2.63 Billion	-100.00%
2003-12-31	TL2117.17 Trillion	-8.11%
2002-12-31	TL2303.99 Trillion	+28.55%
2001-12-31	TL1792.24 Trillion	+83.32%
2000-12-31	TL977.66 Trillion	--

Equity Component Analysis

This analysis shows how different components contribute to Turkiye Sise ve Cam Fabrikalari 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 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	TL152.38 Billion	81.89%
Other Components	TL33.69 Billion	18.11%
Total Equity	TL186.07 Billion	100.00%

Turkiye Sise ve Cam Fabrikalari AS Competitors by Market Cap

The table below lists competitors of Turkiye Sise ve Cam Fabrikalari AS ranked by their market capitalization.

Company	Market Cap
CI Financial Corp TO:CIX	$3.32 Billion
Trigano S.A. PA:TRI	$3.32 Billion
Jiangsu Nhwa Pharmaceutical Co Ltd SHE:002262	$3.32 Billion
Amedisys Inc NASDAQ:AMED	$3.32 Billion
Titan Wind Energy Suzhou SHE:002531	$3.32 Billion
Fortuna Silver Mines Inc NYSE:FSM	$3.32 Billion
Advanced Technology & Materials Co Ltd SHE:000969	$3.31 Billion
Telix Pharmaceuticals Limited NASDAQ:TLX	$3.31 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Turkiye Sise ve Cam Fabrikalari AS's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 142,355,121,000 to 186,066,699,000, a change of 43,711,578,000 (30.7%).
Net income of 5,022,436,000 contributed positively to equity growth.
Dividend payments of 3,979,580,000 reduced retained earnings.
Share repurchases of 986,790,000 reduced equity.
Other factors increased equity by 43,655,512,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	TL5.02 Billion	+2.7%
Dividends Paid	TL3.98 Billion	-2.14%
Share Repurchases	TL986.79 Million	-0.53%
Other Changes	TL43.66 Billion	+23.46%
Total Change	TL-	30.71%

Book Value vs Market Value Analysis

This analysis compares Turkiye Sise ve Cam Fabrikalari 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: 0.80x
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 11.06x to 0.80x 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	TL4.37	TL48.34	x
2018-12-31	TL5.66	TL48.34	x
2019-12-31	TL6.50	TL48.34	x
2020-12-31	TL7.25	TL48.34	x
2021-12-31	TL12.87	TL48.34	x
2022-12-31	TL24.98	TL48.34	x
2023-12-31	TL46.47	TL48.34	x
2024-12-31	TL60.74	TL48.34	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Turkiye Sise ve Cam Fabrikalari 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): 2.70%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.71%
• Asset Turnover: 0.47x
• Equity Multiplier: 2.14x
Recent ROE (2.70%) is below the historical average (10.60%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	0.18%	0.15%	0.48x	2.59x	TL-53.44 Trillion
2002	4.99%	4.18%	0.53x	2.25x	TL-72.09 Trillion
2003	11.03%	9.67%	0.59x	1.93x	TL16.30 Trillion
2004	9.38%	8.55%	0.58x	1.88x	TL-12.30 Million
2006	8.46%	7.22%	0.56x	2.09x	TL-36.34 Million
2007	10.94%	8.61%	0.62x	2.05x	TL23.91 Million
2008	5.79%	4.24%	0.59x	2.31x	TL-115.32 Million
2009	3.91%	3.07%	0.54x	2.34x	TL-174.03 Million
2010	12.34%	9.79%	0.62x	2.03x	TL77.97 Million
2011	15.03%	12.68%	0.60x	1.96x	TL211.29 Million
2012	6.34%	5.50%	0.61x	1.88x	TL-169.50 Million
2013	7.86%	7.25%	0.52x	2.09x	TL-117.58 Million
2014	7.26%	6.01%	0.56x	2.17x	TL-156.05 Million
2015	9.68%	9.75%	0.47x	2.10x	TL-23.87 Million
2016	8.70%	8.83%	0.44x	2.24x	TL-111.27 Million
2017	12.46%	10.83%	0.53x	2.17x	TL241.76 Million
2018	18.26%	14.96%	0.56x	2.18x	TL1.05 Billion
2019	13.02%	10.55%	0.47x	2.65x	TL442.28 Million
2020	9.63%	10.03%	0.48x	1.99x	TL-81.40 Million
2021	23.16%	28.49%	0.36x	2.25x	TL5.19 Billion
2022	25.28%	20.29%	0.58x	2.14x	TL11.69 Billion
2023	17.41%	11.30%	0.75x	2.05x	TL10.55 Billion
2024	2.70%	2.71%	0.47x	2.14x	TL-13.58 Billion

Industry Comparison

This section compares Turkiye Sise ve Cam Fabrikalari AS's net assets metrics with peer companies in the Conglomerates industry.

Industry Context

Industry: Conglomerates
Average net assets among peers: $10,918,174,671,275
Average return on equity (ROE) among peers: 11.21%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Turkiye Sise ve Cam Fabrikalari AS (SISE)	TL242.49 Billion	0.18%	0.88x	$3.32 Billion
AG Anadolu Group Holding (AGHOL)	$179.58 Billion	15.79%	1.18x	$1.75 Billion
AGROT (AGROT)	$4.98 Billion	5.13%	0.28x	$86.81 Million
Alarko Holding AS (ALARK)	$108.96 Trillion	0.00%	0.04x	$929.92 Million
Bera Holding AS (BERA)	$1.82 Billion	1.04%	0.85x	$268.70 Million
BINHO (BINHO)	$11.11 Billion	34.81%	0.33x	$284.63 Million
Berkosan Yalitim ve Tecrit Maddeleri Uretim ve Ticaret AS (BRKSN)	$25.37 Million	-3.19%	1.65x	$18.30 Million
Dogan Sirketler Grubu Holding AS (DOHOL)	$23.50 Billion	25.59%	0.80x	$1.24 Billion
Eczacibasi Yatirim Holding Ortakligi AS (ECZYT)	$3.99 Billion	10.77%	0.02x	$858.38 Million
Federal Mogul Izmit Piston ve Pim Uretim Tesisleri AS (FMIZP)	$22.37 Million	0.00%	0.07x	$95.45 Million
Global Yatirim Holding AS (GLYHO)	$386.44 Million	22.12%	1.12x	$707.97 Million

About Turkiye Sise ve Cam Fabrikalari AS

IS:SISE Turkey Conglomerates

Market Cap

$3.32 Billion

TL148.08 Billion TRY

Market Cap Rank

#4598 Global

#27 in Turkey

Share Price

TL48.34

Change (1 day)

+3.07%

52-Week Range

TL32.08 - TL50.80

All Time High

TL55.84