Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi ve Ticaret Net Assets
Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi ve Ticaret net assets. 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 (≈ $84.16 Million USD) 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 ≈ $490.19 Million USD) and total liabilities (TL18.13 Billion ≈ $406.02 Million 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. Also explore Smart Gunes Enerjisi Teknolojileri Arast net asset momentum to track the company's year-over-year net asset growth rate.
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 |
Net Assets of Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi ve Ticaret (2019–2024)
Net assets of Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi ve Ticaret from 2019 to 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. See Smart Gunes Enerjisi Teknolojileri Arast balance sheet independence to measure how much of total assets are equity-financed.
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. For live market cap and overall valuation, see SMRTG stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL3.51 Billion ≈ $78.70 Million |
+14.35% |
| 2023-12-31 | TL3.07 Billion ≈ $68.82 Million |
+293.12% |
| 2022-12-31 | TL781.67 Million ≈ $17.51 Million |
+289.64% |
| 2021-12-31 | TL200.61 Million ≈ $4.49 Million |
+171.00% |
| 2020-12-31 | TL74.03 Million ≈ $1.66 Million |
+342.05% |
| 2019-12-31 | TL16.75 Million ≈ $375.07K |
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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.
Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi ve Ticaret Net Assets Breakdown (December 2024)
Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi ve Ticaret net assets breakdown by equity component as of 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 |
|---|---|
|
Dongbang Trans
KO:004140
|
$48.58 Million |
|
Inter Industries
TA:ININ
|
$48.61 Million |
|
Millie Seojae.
KQ:418470
|
$48.62 Million |
|
Zee Media Corporation Limited
NSE:ZEEMEDIA
|
$48.63 Million |
|
Bintang Samudera Mandiri Lines Tbk PT
JK:BSML
|
$48.57 Million |
|
WooGene B&G Co. Ltd
KQ:018620
|
$48.57 Million |
|
Indonesia Energy
NYSE MKT:INDO
|
$48.56 Million |
|
Digihost Technology Inc
V:DGHI
|
$48.56 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: 0.62x
- 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 66.16x to 0.62x 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 | TL3.58 | x |
| 2020-12-31 | TL0.23 | TL3.58 | x |
| 2021-12-31 | TL0.63 | TL3.58 | x |
| 2022-12-31 | TL2.56 | TL3.58 | x |
| 2023-12-31 | TL5.06 | TL3.58 | x |
| 2024-12-31 | TL5.80 | TL3.58 | 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: $5,057,979,204
- Average return on equity (ROE) among peers: 23.06%
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 | $48.58 Million |
| Alfas Solar Enerji Sanayi ve Ticaret A.S. (ALFAS) | $57.91 Million | 67.04% | 2.13x | $183.80 Million |
| CW Enerji SA (CWENE) | $13.95 Billion | 15.88% | 1.05x | $329.42 Million |
| Metemtur Yatırım Enerji Turizm ve İnşaat A.Ş. (METUR) | $13.69 Million | 0.00% | 0.76x | $222.26 Million |
| Naturel Yenilenebilir Enerji Ticare (NATEN) | $6.21 Billion | 9.31% | 0.36x | $48.78 Million |
About 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