Sekerbank TAS
Sekerbank T.A.S., together with its subsidiaries, provides agricultural, business, SME, corporate, and retail banking services in Turkey and internationally. It operates through Corporate/Commercial, SME, Retail, Treasury/Investment, and Other segments. The company accepts time, demand, savings, commercial, and other deposits, as well as foreign currency deposits. It also offers small and medium … Read more
Sekerbank TAS (SKBNK) - Net Assets
Latest net assets as of June 2025: TL19.75 Billion TRY
Based on the latest financial reports, Sekerbank TAS (SKBNK) has net assets worth TL19.75 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 (TL172.15 Billion) and total liabilities (TL152.40 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 | TL19.75 Billion |
| % of Total Assets | 11.47% |
| Annual Growth Rate | -32.73% |
| 5-Year Change | 557.52% |
| 10-Year Change | 595.33% |
| Growth Volatility | 43.07 |
Sekerbank TAS - Net Assets Trend (2002–2024)
This chart illustrates how Sekerbank TAS's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sekerbank TAS (2002–2024)
The table below shows the annual net assets of Sekerbank TAS from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL18.18 Billion | +42.77% |
| 2023-12-31 | TL12.73 Billion | +86.22% |
| 2022-12-31 | TL6.84 Billion | +103.13% |
| 2021-12-31 | TL3.37 Billion | +21.75% |
| 2020-12-31 | TL2.76 Billion | +41.01% |
| 2019-12-31 | TL1.96 Billion | -20.06% |
| 2018-12-31 | TL2.45 Billion | -12.10% |
| 2017-12-31 | TL2.79 Billion | +6.77% |
| 2016-12-31 | TL2.61 Billion | -0.03% |
| 2015-12-31 | TL2.61 Billion | +5.50% |
| 2014-12-31 | TL2.48 Billion | +17.01% |
| 2013-12-31 | TL2.12 Billion | +12.99% |
| 2012-12-31 | TL1.87 Billion | +26.83% |
| 2011-12-31 | TL1.48 Billion | +11.13% |
| 2010-12-31 | TL1.33 Billion | +9.77% |
| 2009-12-31 | TL1.21 Billion | +22.01% |
| 2008-12-31 | TL992.97 Million | +15.30% |
| 2007-12-31 | TL861.23 Million | +104.63% |
| 2006-12-31 | TL420.87 Million | +22.71% |
| 2005-12-31 | TL342.99 Million | -100.00% |
| 2004-12-31 | TL296.53 Trillion | +59.76% |
| 2003-12-31 | TL185.61 Trillion | +66.43% |
| 2002-12-31 | TL111.52 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sekerbank TAS'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 366336300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL3.66 Billion | 22.91% |
| Other Components | TL12.33 Billion | 77.09% |
| Total Equity | TL15.99 Billion | 100.00% |
Sekerbank TAS Competitors by Market Cap
The table below lists competitors of Sekerbank TAS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DATATEC LTD RC-01
F:DTT
|
$583.61 Million |
|
The Jammu & Kashmir Bank Limited
NSE:J&KBANK
|
$583.64 Million |
|
Beijing Thunisoft Co Ltd
SHE:300271
|
$584.08 Million |
|
Gladstone Commercial Corporation
NASDAQ:GOOD
|
$584.20 Million |
|
Guizhou Qianyuan Power Co Ltd
SHE:002039
|
$583.25 Million |
|
Nanhua Futures Co Ltd
SHG:603093
|
$583.05 Million |
|
Muangthai Capital Public Company Limited
BK:MTC
|
$582.89 Million |
|
Hong Ri Da Technology Co. Ltd. A
SHE:301285
|
$582.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sekerbank TAS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,144,945,000 to 15,988,420,000, a change of 4,843,475,000 (43.5%).
- Net income of 2,898,328,000 contributed positively to equity growth.
- Dividend payments of 145,585,000 reduced retained earnings.
- New share issuances of 651,670,000 increased equity.
- Other factors increased equity by 1,439,062,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL2.90 Billion | +18.13% |
| Dividends Paid | TL145.59 Million | -0.91% |
| Share Issuances | TL651.67 Million | +4.08% |
| Other Changes | TL1.44 Billion | +9.0% |
| Total Change | TL- | 43.46% |
Book Value vs Market Value Analysis
This analysis compares Sekerbank TAS'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: 1.74x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 5.61x to 1.74x 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 | TL1.98 | TL11.10 | x |
| 2018-12-31 | TL1.74 | TL11.10 | x |
| 2019-12-31 | TL1.39 | TL11.10 | x |
| 2020-12-31 | TL1.46 | TL11.10 | x |
| 2021-12-31 | TL1.76 | TL11.10 | x |
| 2022-12-31 | TL3.30 | TL11.10 | x |
| 2023-12-31 | TL4.80 | TL11.10 | x |
| 2024-12-31 | TL6.40 | TL11.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sekerbank TAS 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): 18.13%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 24.10%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 8.12x
- Recent ROE (18.13%) is above the historical average (11.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 41.58% | 12.14% | 0.23x | 14.59x | TL57.67 Trillion |
| 2004 | 26.93% | 14.08% | 0.17x | 11.10x | TL49.55 Trillion |
| 2005 | 4.26% | 3.13% | 0.14x | 9.79x | TL-19.34 Million |
| 2006 | 10.91% | 8.42% | 0.13x | 10.07x | TL3.80 Million |
| 2007 | 14.97% | 15.75% | 0.13x | 7.43x | TL42.29 Million |
| 2008 | 14.89% | 11.54% | 0.15x | 8.48x | TL47.86 Million |
| 2009 | 12.67% | 11.02% | 0.15x | 7.66x | TL31.83 Million |
| 2010 | 10.07% | 9.90% | 0.11x | 8.94x | TL896.80K |
| 2011 | 14.03% | 12.08% | 0.11x | 10.23x | TL58.00 Million |
| 2012 | 13.63% | 12.64% | 0.13x | 8.29x | TL66.54 Million |
| 2013 | 10.55% | 9.92% | 0.11x | 9.47x | TL11.42 Million |
| 2014 | 9.98% | 9.48% | 0.12x | 9.14x | TL-510.10K |
| 2015 | 3.72% | 9.60% | 0.04x | 9.99x | TL-161.47 Million |
| 2016 | 4.80% | 8.65% | 0.06x | 9.79x | TL-133.55 Million |
| 2017 | 4.13% | 7.65% | 0.04x | 12.05x | TL-161.31 Million |
| 2018 | 3.71% | 4.93% | 0.06x | 13.66x | TL-151.85 Million |
| 2019 | -39.71% | -50.41% | 0.05x | 16.57x | TL-961.21 Million |
| 2020 | 7.11% | 9.42% | 0.05x | 14.52x | TL-78.78 Million |
| 2021 | 12.64% | 15.68% | 0.05x | 16.48x | TL86.70 Million |
| 2022 | 30.11% | 28.07% | 0.10x | 11.25x | TL1.23 Billion |
| 2023 | 26.65% | 31.14% | 0.11x | 8.14x | TL1.86 Billion |
| 2024 | 18.13% | 24.10% | 0.09x | 8.12x | TL1.30 Billion |
Industry Comparison
This section compares Sekerbank TAS's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $246,436,651,451,556
- Average return on equity (ROE) among peers: 16.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sekerbank TAS (SKBNK) | TL19.75 Billion | 41.58% | 7.72x | $583.53 Million |
| Akbank TAS (AKBNK) | $26.14 Billion | 12.93% | 7.37x | $6.52 Billion |
| Albaraka Turk Katilim Bankasi AS (ALBRK) | $182.49 Million | 25.28% | 9.79x | $283.95K |
| Turkiye Halk Bankasi (HALKB) | $42.78 Billion | 8.61% | 15.27x | $5.53 Billion |
| ICBC Turkey Bank AS (ICBCT) | $604.31 Million | 7.50% | 5.38x | $27.00 Million |
| Turkiye Is Bankasi AS Class C (ISCTR) | $219.56 Billion | 1.71% | 0.26x | $8.52 Billion |
| Qnb Finansbank AS (QNBTR) | $19.24 Billion | 14.31% | 11.21x | $51.51 Million |
| Haci Omer Sabanci Holding AS (SAHOL) | $25.47 Billion | 7.36% | 4.93x | $3.66 Billion |
| Turkiye Vakiflar Bankasi TAO (VAKBN) | $2217.42 Trillion | 34.82% | 10.51x | $722.86 Million |
| Yapi ve Kredi Bankasi AS (YKBNK) | $178.88 Billion | 38.02% | 9.42x | $3.33 Billion |