Turkiye Sise ve Cam Fabrikalari AS (SISE) - Net Assets
Based on the latest financial reports, Turkiye Sise ve Cam Fabrikalari AS (SISE) has net assets worth TL269.26 Billion TRY (≈ $6.03 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL506.93 Billion ≈ $11.35 Billion USD) and total liabilities (TL237.67 Billion ≈ $5.32 Billion 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 SISE capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL269.26 Billion |
| % of Total Assets | 53.12% |
| Annual Growth Rate | -27.96% |
| 5-Year Change | 445.46% |
| 10-Year Change | 2276.59% |
| Growth Volatility | 39.42 |
Turkiye Sise ve Cam Fabrikalari AS - Net Assets Trend (2000–2025)
This chart illustrates how Turkiye Sise ve Cam Fabrikalari AS's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of Turkiye Sise ve Cam Fabrikalari AS.
Annual Net Assets for Turkiye Sise ve Cam Fabrikalari AS (2000–2025)
The table below shows the annual net assets of Turkiye Sise ve Cam Fabrikalari AS from 2000 to 2025. Also explore SISE shareholders equity momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | TL269.26 Billion ≈ $6.03 Billion |
+29.38% |
| 2024-12-31 | TL208.11 Billion ≈ $4.66 Billion |
+24.52% |
| 2023-12-31 | TL167.13 Billion ≈ $3.74 Billion |
+75.69% |
| 2022-12-31 | TL95.13 Billion ≈ $2.13 Billion |
+92.71% |
| 2021-12-31 | TL49.36 Billion ≈ $1.11 Billion |
+119.48% |
| 2020-12-31 | TL22.49 Billion ≈ $503.75 Million |
+17.55% |
| 2019-12-31 | TL19.13 Billion ≈ $428.54 Million |
+14.39% |
| 2018-12-31 | TL16.73 Billion ≈ $374.64 Million |
+28.05% |
| 2017-12-31 | TL13.06 Billion ≈ $292.56 Million |
+15.29% |
| 2016-12-31 | TL11.33 Billion ≈ $253.75 Million |
+19.23% |
| 2015-12-31 | TL9.50 Billion ≈ $212.83 Million |
+31.26% |
| 2014-12-31 | TL7.24 Billion ≈ $162.14 Million |
+9.43% |
| 2013-12-31 | TL6.62 Billion ≈ $148.17 Million |
+18.01% |
| 2012-12-31 | TL5.61 Billion ≈ $125.56 Million |
+8.72% |
| 2011-12-31 | TL5.16 Billion ≈ $115.49 Million |
+24.35% |
| 2010-12-31 | TL4.15 Billion ≈ $92.88 Million |
+11.75% |
| 2009-12-31 | TL3.71 Billion ≈ $83.11 Million |
+3.90% |
| 2008-12-31 | TL3.57 Billion ≈ $79.99 Million |
+6.83% |
| 2007-12-31 | TL3.34 Billion ≈ $74.88 Million |
+7.83% |
| 2006-12-31 | TL3.10 Billion ≈ $69.44 Million |
+10.50% |
| 2005-12-31 | TL2.81 Billion ≈ $62.84 Million |
+6.52% |
| 2004-12-31 | TL2.63 Billion ≈ $58.99 Million |
-100.00% |
| 2003-12-31 | TL2117.17 Trillion ≈ $47.42 Trillion |
-8.11% |
| 2002-12-31 | TL2303.99 Trillion ≈ $51.60 Trillion |
+28.55% |
| 2001-12-31 | TL1792.24 Trillion ≈ $40.14 Trillion |
+83.32% |
| 2000-12-31 | TL977.66 Trillion ≈ $21.90 Trillion |
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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 99.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL207.15 Billion | 85.40% |
| Other Components | TL35.42 Billion | 14.60% |
| Total Equity | TL242.57 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 |
|---|---|
|
Seadrill Limited
NYSE:SDRL
|
$2.68 Billion |
|
Tibet GaoZheng Explosive Co Ltd
SHE:002827
|
$2.68 Billion |
|
Kaiser Aluminum Corporation
NASDAQ:KALU
|
$2.68 Billion |
|
WaFd, Inc.
NASDAQ:WAFD
|
$2.68 Billion |
|
Worthington Industries Inc
NYSE:WOR
|
$2.68 Billion |
|
Shenzhen SC New Energy Technology Corp Class A
SHE:300724
|
$2.68 Billion |
|
First Bancorp
NASDAQ:FBNC
|
$2.68 Billion |
|
People Incorporated
NASDAQ:PPLI
|
$2.68 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 2024 to 2025, total equity changed from 186,066,699,000 to 242,571,375,000, a change of 56,504,676,000 (30.4%).
- Net income of 9,877,537,000 contributed positively to equity growth.
- Dividend payments of 2,633,179,000 reduced retained earnings.
- Other factors increased equity by 49,260,318,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL9.88 Billion | +4.07% |
| Dividends Paid | TL2.63 Billion | -1.09% |
| Other Changes | TL49.26 Billion | +20.31% |
| Total Change | TL- | 30.37% |
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: 0.49x
- 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 8.94x to 0.49x 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 | TL39.08 | x |
| 2018-12-31 | TL5.66 | TL39.08 | x |
| 2019-12-31 | TL6.50 | TL39.08 | x |
| 2020-12-31 | TL7.25 | TL39.08 | x |
| 2021-12-31 | TL12.87 | TL39.08 | x |
| 2022-12-31 | TL24.98 | TL39.08 | x |
| 2023-12-31 | TL46.47 | TL39.08 | x |
| 2024-12-31 | TL60.74 | TL39.08 | x |
| 2025-12-31 | TL79.19 | TL39.08 | 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): 4.07%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.40%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 2.09x
- Recent ROE (4.07%) is below the historical average (10.36%), 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 | 3.53% | 2.71% | 0.61x | 2.14x | TL-12.03 Billion |
| 2025 | 4.07% | 4.40% | 0.44x | 2.09x | TL-14.38 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: $62,397,822,883,161
- Average return on equity (ROE) among peers: 5.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Turkiye Sise ve Cam Fabrikalari AS (SISE) | TL269.26 Billion | 0.18% | 0.88x | $2.68 Billion |
| AG Anadolu Group Holding (AGHOL) | $245.20 Billion | 2.11% | 1.22x | $1.79 Billion |
| AGROT (AGROT) | $1.81 Billion | 18.32% | 0.38x | $52.14 Million |
| Alarko Holding AS (ALARK) | $908.09 Million | 4.36% | 0.80x | $1.09 Billion |
| Bera Holding AS (BERA) | $33.81 Billion | 0.49% | 0.26x | $208.41 Million |
| Berkosan Yalitim ve Tecrit Maddeleri Uretim ve Ticaret AS (BRKSN) | $114.68 Million | 16.68% | 1.07x | $16.29 Million |
| Dogan Sirketler Grubu Holding AS (DOHOL) | $623.69 Trillion | 6.59% | 3.78x | $1.26 Billion |
| Eczacibasi Yatirim Holding Ortakligi AS (ECZYT) | $1.48 Billion | 6.83% | 0.03x | $731.98 Million |
| Federal Mogul Izmit Piston ve Pim Uretim Tesisleri AS (FMIZP) | $24.36 Million | 0.00% | 0.07x | $92.17 Million |
| Global Yatirim Holding AS (GLYHO) | $307.47 Million | 0.00% | 1.64x | $726.75 Million |
| Ihlas Holding AS (IHLAS) | $813.61 Million | -4.74% | 2.04x | $32.10 Million |
About Turkiye Sise ve Cam Fabrikalari AS
Türkiye Sise Ve Cam Fabrikalari A.S. manufactures and sells glass products. The company operates through six segments: Architectural Glass, Industrial Glass, Glass Packaging, Glassware, Chemicals, and Energy and Others. The company offers architectural glass products, such as flat, patterned, mirror, laminated, coated, solar power, and home appliance glass products; automotive glass products; and… Read more