Sinpas Gayrimenkul Yatirim Ortakligi AS (SNGYO) - Net Assets
Based on the latest financial reports, Sinpas Gayrimenkul Yatirim Ortakligi AS (SNGYO) has net assets worth TL57.10 Billion TRY (≈ $1.28 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL80.27 Billion ≈ $1.80 Billion USD) and total liabilities (TL23.17 Billion ≈ $518.96 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. Check Sinpas Gayrimenkul Yatirim Ortakligi AS liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL57.10 Billion |
| % of Total Assets | 71.13% |
| Annual Growth Rate | 29.14% |
| 5-Year Change | 6190.61% |
| 10-Year Change | 4173.88% |
| Growth Volatility | 147.95 |
Sinpas Gayrimenkul Yatirim Ortakligi AS - Net Assets Trend (2007–2024)
This chart illustrates how Sinpas Gayrimenkul Yatirim Ortakligi AS's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Sinpas Gayrimenkul Yatirim Ortakligi AS for the complete picture of this company's asset base.
Annual Net Assets for Sinpas Gayrimenkul Yatirim Ortakligi AS (2007–2024)
The table below shows the annual net assets of Sinpas Gayrimenkul Yatirim Ortakligi AS from 2007 to 2024. For live valuation and market cap data, see SNGYO stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL44.81 Billion ≈ $1.00 Billion |
+10.68% |
| 2023-12-31 | TL40.49 Billion ≈ $906.87 Million |
+255.10% |
| 2022-12-31 | TL11.40 Billion ≈ $255.38 Million |
+132.87% |
| 2021-12-31 | TL4.90 Billion ≈ $109.67 Million |
+587.31% |
| 2020-12-31 | TL712.41 Million ≈ $15.96 Million |
+26.72% |
| 2019-12-31 | TL562.17 Million ≈ $12.59 Million |
+60.36% |
| 2018-12-31 | TL350.56 Million ≈ $7.85 Million |
-60.75% |
| 2017-12-31 | TL893.18 Million ≈ $20.00 Million |
-10.44% |
| 2016-12-31 | TL997.29 Million ≈ $22.34 Million |
-4.89% |
| 2015-12-31 | TL1.05 Billion ≈ $23.49 Million |
-9.10% |
| 2014-12-31 | TL1.15 Billion ≈ $25.84 Million |
+7.67% |
| 2013-12-31 | TL1.07 Billion ≈ $24.00 Million |
-0.32% |
| 2012-12-31 | TL1.07 Billion ≈ $24.07 Million |
+2.31% |
| 2011-12-31 | TL1.05 Billion ≈ $23.53 Million |
+12.08% |
| 2010-12-31 | TL937.34 Million ≈ $20.99 Million |
+8.60% |
| 2009-12-31 | TL863.09 Million ≈ $19.33 Million |
-4.14% |
| 2008-12-31 | TL900.40 Million ≈ $20.17 Million |
+55.29% |
| 2007-12-31 | TL579.82 Million ≈ $12.99 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sinpas Gayrimenkul Yatirim Ortakligi 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 grown by 103418.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL19.15 Billion | 48.84% |
| Other Components | TL20.06 Billion | 51.16% |
| Total Equity | TL39.21 Billion | 100.00% |
Sinpas Gayrimenkul Yatirim Ortakligi AS Competitors by Market Cap
The table below lists competitors of Sinpas Gayrimenkul Yatirim Ortakligi AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Anhui Hyea Aromas Co Ltd
SHE:300886
|
$327.81 Million |
|
Sesoda Corp
TW:1708
|
$327.92 Million |
|
SIGA Technologies Inc
NASDAQ:SIGA
|
$328.13 Million |
|
GreenTech Environmental Co Ltd
SHG:688466
|
$328.18 Million |
|
Vivien Corp
KO:002070
|
$327.51 Million |
|
Guangzhou Jet Bio-Filtration Co Ltd
SHG:688026
|
$327.40 Million |
|
Cabaletta Bio Inc
NASDAQ:CABA
|
$327.29 Million |
|
CapMan Oyj B
HE:CAPMAN
|
$327.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sinpas Gayrimenkul Yatirim Ortakligi AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 36,659,213,279 to 39,210,324,573, a change of 2,551,111,294 (7.0%).
- Net income of 5,233,125,499 contributed positively to equity growth.
- Other factors decreased equity by 2,682,014,205.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL5.23 Billion | +13.35% |
| Other Changes | TL-2.68 Billion | -6.84% |
| Total Change | TL- | 6.96% |
Book Value vs Market Value Analysis
This analysis compares Sinpas Gayrimenkul Yatirim Ortakligi 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: 0.37x
- 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 2.45x to 0.37x 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 | TL1.50 | TL3.66 | x |
| 2018-12-31 | TL0.40 | TL3.66 | x |
| 2019-12-31 | TL0.65 | TL3.66 | x |
| 2020-12-31 | TL0.82 | TL3.66 | x |
| 2021-12-31 | TL5.00 | TL3.66 | x |
| 2022-12-31 | TL6.71 | TL3.66 | x |
| 2023-12-31 | TL9.19 | TL3.66 | x |
| 2024-12-31 | TL9.81 | TL3.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sinpas Gayrimenkul Yatirim Ortakligi 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): 13.35%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 39.15%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.57x
- Recent ROE (13.35%) is above the historical average (9.86%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 3.20% | 47.47% | 0.06x | 1.19x | TL-39.44 Million |
| 2008 | 2.18% | 22.06% | 0.08x | 1.26x | TL-70.42 Million |
| 2010 | 6.51% | 16.83% | 0.22x | 1.76x | TL-32.72 Million |
| 2011 | 13.33% | 20.75% | 0.34x | 1.90x | TL34.96 Million |
| 2012 | 7.05% | 11.97% | 0.30x | 1.95x | TL-31.70 Million |
| 2013 | 1.73% | 3.49% | 0.23x | 2.15x | TL-88.59 Million |
| 2014 | 7.76% | 12.25% | 0.37x | 1.72x | TL-25.89 Million |
| 2015 | -4.98% | -20.02% | 0.13x | 1.91x | TL-157.08 Million |
| 2016 | -5.50% | -18.07% | 0.14x | 2.22x | TL-154.58 Million |
| 2017 | -9.74% | -11.21% | 0.39x | 2.23x | TL-176.36 Million |
| 2018 | -56.16% | -45.54% | 0.09x | 14.32x | TL-231.94 Million |
| 2019 | 38.25% | 12.56% | 0.32x | 9.41x | TL158.82 Million |
| 2020 | 21.10% | 7.56% | 0.34x | 8.15x | TL79.09 Million |
| 2021 | 72.93% | 149.34% | 0.19x | 2.60x | TL2.74 Billion |
| 2022 | 52.03% | 417.33% | 0.07x | 1.87x | TL4.22 Billion |
| 2023 | 4.60% | 68.71% | 0.04x | 1.59x | TL-1.98 Billion |
| 2024 | 13.35% | 39.15% | 0.22x | 1.57x | TL1.31 Billion |
Industry Comparison
This section compares Sinpas Gayrimenkul Yatirim Ortakligi AS's net assets metrics with peer companies in the REIT - Residential industry.
Industry Context
- Industry: REIT - Residential
- Average net assets among peers: $14,330,405,270
- Average return on equity (ROE) among peers: 3.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sinpas Gayrimenkul Yatirim Ortakligi AS (SNGYO) | TL57.10 Billion | 3.20% | 0.41x | $327.63 Million |
| Emlak Konut Gayrimenkul Yatirim Ortakligi AS (EKGYO) | $57.05 Billion | -10.31% | 1.13x | $1.69 Billion |
| Idealist Gayrimenkul Yatirim Ortakligi AS (IDGYO) | $8.51 Million | -3.69% | 0.00x | $11.05 Million |
| Korfez Gayrimenkul Yatirim (KRGYO) | $144.39 Million | 16.90% | 0.28x | $62.97 Million |
| Ozderici Gayrimenkul Yatirim Ortakligi AS (OZGYO) | $115.17 Million | 9.58% | 0.60x | $49.05 Million |
About Sinpas Gayrimenkul Yatirim Ortakligi AS
Sinpas Gayrimenkul Yatirim Ortakligi A.S., formerly Sinpas Insaat, is a Turkish real estate investment trust (REIT) established in 2006 and transformed into a REIT in 2007. It focuses on developing residential and sales real estate projects and operates under the Sinpas Group Companies. In 2018, Sinpas GYO merged with Sinpas Yapi to enhance operational and economic synergies. Following the merger… Read more