Soke Degirmencilik AS (SOKE) - Net Assets
Based on the latest financial reports, Soke Degirmencilik AS (SOKE) has net assets worth TL3.00 Billion TRY (≈ $67.21 Million USD) as of September 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL4.42 Billion ≈ $99.11 Million USD) and total liabilities (TL1.42 Billion ≈ $31.90 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 SOKE asset base for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL3.00 Billion |
| % of Total Assets | 67.82% |
| Annual Growth Rate | 205.31% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 390.0 |
Soke Degirmencilik AS - Net Assets Trend (2020–2023)
This chart illustrates how Soke Degirmencilik AS's net assets have evolved over time, based on quarterly financial data. Check tangible equity quality of Soke Degirmencilik AS to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Soke Degirmencilik AS (2020–2023)
The table below shows the annual net assets of Soke Degirmencilik AS from 2020 to 2023. For live valuation and market cap data, see market value of Soke Degirmencilik AS.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | TL2.37 Billion ≈ $53.17 Million |
+46.22% |
| 2022-12-31 | TL1.62 Billion ≈ $36.36 Million |
+896.76% |
| 2021-12-31 | TL162.88 Million ≈ $3.65 Million |
+94.82% |
| 2020-12-31 | TL83.60 Million ≈ $1.87 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Soke Degirmencilik 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 6462258600.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | TL2.45 Billion | 103.16% |
| Total Equity | TL2.38 Billion | 100.00% |
Soke Degirmencilik AS Competitors by Market Cap
The table below lists competitors of Soke Degirmencilik AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Clal Industries and Beverages Ltd
TA:CLBV
|
$130.13 Million |
|
Innowireless Co. Ltd
KQ:073490
|
$130.17 Million |
|
Baozun Inc
F:2BZA
|
$130.21 Million |
|
Yellow Pages Limited
TO:Y
|
$130.25 Million |
|
Sangsin Energy Display Precision Co.Ltd
KQ:091580
|
$129.98 Million |
|
Orion Gold NL
JSE:ORN
|
$129.87 Million |
|
Otello Corporation ASA
OL:OTEC
|
$129.84 Million |
|
TH Plantations Bhd
KLSE:5112
|
$129.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Soke Degirmencilik AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 1,623,500,395 to 2,379,078,915, a change of 755,578,520 (46.5%).
- Net loss of 97,780,635 reduced equity.
- Dividend payments of 143,024,830 reduced retained earnings.
- New share issuances of 802,958,699 increased equity.
- Other factors increased equity by 193,425,286.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL-97.78 Million | -4.11% |
| Dividends Paid | TL143.02 Million | -6.01% |
| Share Issuances | TL802.96 Million | +33.75% |
| Other Changes | TL193.43 Million | +8.13% |
| Total Change | TL- | 46.54% |
Book Value vs Market Value Analysis
This analysis compares Soke Degirmencilik 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: 2.44x
- 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 69.44x to 2.44x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | TL0.22 | TL15.02 | x |
| 2021-12-31 | TL0.42 | TL15.02 | x |
| 2022-12-31 | TL4.20 | TL15.02 | x |
| 2023-12-31 | TL6.16 | TL15.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Soke Degirmencilik 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): -4.11%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.86%
- • Asset Turnover: 1.62x
- • Equity Multiplier: 1.36x
- Recent ROE (-4.11%) is below the historical average (8.70%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 12.05% | 1.78% | 2.16x | 3.14x | TL1.72 Million |
| 2021 | 7.90% | 1.66% | 1.87x | 2.53x | TL-3.43 Million |
| 2022 | 18.97% | 6.51% | 1.88x | 1.55x | TL145.70 Million |
| 2023 | -4.11% | -1.86% | 1.62x | 1.36x | TL-335.69 Million |
Industry Comparison
This section compares Soke Degirmencilik AS's net assets metrics with peer companies in the Packaged Foods industry.
Industry Context
- Industry: Packaged Foods
- Average net assets among peers: $440,746,575
- Average return on equity (ROE) among peers: -31.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Soke Degirmencilik AS (SOKE) | TL3.00 Billion | 12.05% | 0.47x | $130.02 Million |
| Atakey Patates Gida Sanayi ve Ticaret A.S. (ATAKP) | $1.56 Billion | 59.44% | 0.90x | $157.73 Million |
| AVOD Kurutulmus Gida ve Tarim Urunleri Sanayi Ticaret AS (AVOD) | $90.07 Million | -4.33% | 2.39x | $23.10 Million |
| Banvit Bandirma Vitaminli Yem Sanayi AS (BANVT) | $91.58 Million | -22.53% | 9.80x | $345.45 Million |
| Dardanel Onentas Gida Sanayi AS (DARDL) | $-167.09 Million | 0.00% | 0.00x | $86.11 Million |
| Eksun Gida Tarim Sanayi ve Ticaret A.S. (EKSUN) | $716.53 Million | 9.05% | 2.97x | $80.77 Million |
| ERSU Meyve ve Gida Sanayi AS (ERSU) | $20.71 Million | 0.00% | 0.37x | $18.51 Million |
| Fade Gida Yatirim Sanayi Ticaret As (FADE) | $1.78 Billion | -3.42% | 0.31x | $29.03 Million |
| Frigo-Pak Gida Maddeleri Sanayi ve Ticaret AS (FRIGO) | $7.58 Million | -18.60% | 3.72x | $13.59 Million |
| Goknur Gida Maddeleri Enerji Imalati Ithalat Ihracat Ticaret ve Sanayi A.S. (GOKNR) | $292.84 Million | 23.25% | 3.74x | $179.99 Million |
| Kerevitas Gida Sanayi ve Ticaret AS (KERVT) | $23.74 Million | -358.72% | 26.84x | $212.77 Million |
About Soke Degirmencilik AS
Söke Degirmencilik Sanayi ve Ticaret A.S. produces and sells flour and flour mixtures in Turkey. It offers flours, gluten free flours, bread flour mixes, professional flours, and professional bread mixes. The company was incorporated in 1961 and is headquartered in Aydin, Turkey. Söke Degirmencilik Sanayi ve Ticaret A.S. is a subsidiary of Ulusoy Un Sanayi ve Ticaret A.S.