Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi ve Ticaret
Smart Günes Enerjisi Teknolojileri Arastirma ve Gelistirme Üretim Sanayi ve Ticaret A.S., an integrated solar technology company, produces solar photovoltaic modules in Turkey. The company also installs renewable energy plants; and provides engineering and labor services. In addition, it engages in selling and marketing various solar power plant system equipment. Further, the company is involved … Read more
Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi ve Ticaret (SMRTG) - Net Assets
Latest net assets as of September 2025: TL3.76 Billion TRY
Based on the latest financial reports, Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi ve Ticaret (SMRTG) has net assets worth TL3.76 Billion TRY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL21.89 Billion) and total liabilities (TL18.13 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 | TL3.76 Billion |
| % of Total Assets | 17.17% |
| Annual Growth Rate | 191.2% |
| 5-Year Change | 4646.9% |
| 10-Year Change | N/A |
| Growth Volatility | 118.12 |
Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi ve Ticaret - Net Assets Trend (2019–2024)
This chart illustrates how Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi ve Ticaret's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi ve Ticaret (2019–2024)
The table below shows the annual net assets of Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi ve Ticaret from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL3.51 Billion | +14.35% |
| 2023-12-31 | TL3.07 Billion | +293.12% |
| 2022-12-31 | TL781.67 Million | +289.64% |
| 2021-12-31 | TL200.61 Million | +171.00% |
| 2020-12-31 | TL74.03 Million | +342.05% |
| 2019-12-31 | TL16.75 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi ve Ticaret'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 14483.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL1.70 Billion | 48.46% |
| Other Components | TL1.81 Billion | 51.54% |
| Total Equity | TL3.51 Billion | 100.00% |
Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi ve Ticaret Competitors by Market Cap
The table below lists competitors of Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi ve Ticaret ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Paranapanema S.A
SA:PMAM3
|
$4.93 Million |
|
GROUNDS R.EST. NA O.N.
F:AMMN
|
$4.93 Million |
|
ViroGates A/S
CO:VIRO
|
$4.93 Million |
|
Techcential International Ltd
TWO:6616
|
$4.94 Million |
|
Chia Yi Steel Co Ltd
TWO:2067
|
$4.93 Million |
|
PT Cipta Perdana Lancar Tbk
JK:PART
|
$4.93 Million |
|
CDT Environmental Technology Investment Holdings Limited ordinary shares
NASDAQ:CDTG
|
$4.93 Million |
|
Brisbane Broncos Ltd
AU:BBL
|
$4.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi ve Ticaret's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,065,140,922 to 3,513,370,276, a change of 448,229,354 (14.6%).
- Net income of 441,128,517 contributed positively to equity growth.
- Share repurchases of 3,862,040 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL441.13 Million | +12.56% |
| Share Repurchases | TL3.86 Million | -0.11% |
| Other Changes | TL10.96 Million | +0.31% |
| Total Change | TL- | 14.62% |
Book Value vs Market Value Analysis
This analysis compares Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi ve Ticaret'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: 1.24x
- 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 133.06x to 1.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | TL0.05 | TL7.20 | x |
| 2020-12-31 | TL0.23 | TL7.20 | x |
| 2021-12-31 | TL0.63 | TL7.20 | x |
| 2022-12-31 | TL2.56 | TL7.20 | x |
| 2023-12-31 | TL5.06 | TL7.20 | x |
| 2024-12-31 | TL5.80 | TL7.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi ve Ticaret 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): 12.56%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.78%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 4.97x
- Recent ROE (12.56%) is below the historical average (45.62%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 62.84% | 2.59% | 1.01x | 23.95x | TL8.75 Million |
| 2020 | 77.15% | 9.48% | 1.00x | 8.12x | TL47.81 Million |
| 2021 | 41.36% | 9.46% | 1.03x | 4.23x | TL60.66 Million |
| 2022 | 31.65% | 11.28% | 0.85x | 3.31x | TL169.69 Million |
| 2023 | 48.19% | 12.64% | 0.77x | 4.97x | TL1.17 Billion |
| 2024 | 12.56% | 3.78% | 0.67x | 4.97x | TL89.79 Million |
Industry Comparison
This section compares Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi ve Ticaret's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $2,956,753,500
- Average return on equity (ROE) among peers: 25.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi ve Ticaret (SMRTG) | TL3.76 Billion | 62.84% | 4.82x | $4.93 Million |
| Alfas Solar Enerji Sanayi ve Ticaret A.S. (ALFAS) | $57.91 Million | 67.04% | 2.13x | $90.94 Million |
| CW Enerji SA (CWENE) | $11.54 Billion | 4.14% | 0.76x | $242.41 Million |
| Metemtur Yatırım Enerji Turizm ve İnşaat A.Ş. (METUR) | $13.38 Million | 0.00% | 1.28x | $119.76 Million |
| Naturel Yenilenebilir Enerji Ticare (NATEN) | $213.74 Million | 31.71% | 1.65x | $43.70 Million |