Sumas Suni Tahta ve Mobilya Sanayi AS (SUMAS) - Net Assets
Based on the latest financial reports, Sumas Suni Tahta ve Mobilya Sanayi AS (SUMAS) has net assets worth TL438.34 Million TRY (≈ $9.82 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL584.55 Million ≈ $13.09 Million USD) and total liabilities (TL146.21 Million ≈ $3.27 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 financial resilience of Sumas Suni Tahta ve Mobilya Sanayi AS to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL438.34 Million |
| % of Total Assets | 74.99% |
| Annual Growth Rate | 55.42% |
| 5-Year Change | 950.9% |
| 10-Year Change | N/A |
| Growth Volatility | 67.54 |
Sumas Suni Tahta ve Mobilya Sanayi AS - Net Assets Trend (2018–2024)
This chart illustrates how Sumas Suni Tahta ve Mobilya Sanayi AS's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Sumas Suni Tahta ve Mobilya Sanayi AS for the complete picture of this company's asset base.
Annual Net Assets for Sumas Suni Tahta ve Mobilya Sanayi AS (2018–2024)
The table below shows the annual net assets of Sumas Suni Tahta ve Mobilya Sanayi AS from 2018 to 2024. For live valuation and market cap data, see SUMAS market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL381.71 Million ≈ $8.55 Million |
+4.70% |
| 2023-12-31 | TL364.59 Million ≈ $8.17 Million |
+180.54% |
| 2022-12-31 | TL129.96 Million ≈ $2.91 Million |
+47.58% |
| 2021-12-31 | TL88.06 Million ≈ $1.97 Million |
+142.43% |
| 2019-12-31 | TL36.32 Million ≈ $813.52K |
+34.18% |
| 2018-12-31 | TL27.07 Million ≈ $606.27K |
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Equity Component Analysis
This analysis shows how different components contribute to Sumas Suni Tahta ve Mobilya Sanayi 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 1177.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL253.98 Million | 66.54% |
| Other Components | TL127.74 Million | 33.46% |
| Total Equity | TL381.71 Million | 100.00% |
Sumas Suni Tahta ve Mobilya Sanayi AS Competitors by Market Cap
The table below lists competitors of Sumas Suni Tahta ve Mobilya Sanayi AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Svolder AB (publ)
ST:SVOL-A
|
$46.92 Million |
|
Greenland Hong Kong Holdings Limited
F:QFRA
|
$46.94 Million |
|
Polychem Indonesia Tbk
JK:ADMG
|
$46.95 Million |
|
Infrea AB
ST:INFREA
|
$46.95 Million |
|
York Timber Holdings Ltd
JSE:YRK
|
$46.89 Million |
|
PENTIXAPHARM HOLDING N AG
XETRA:PTP
|
$46.89 Million |
|
HYUNDAI BIOLAND Co.Ltd
KQ:052260
|
$46.86 Million |
|
Wysiwyg Studios Co. Ltd
KQ:299900
|
$46.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sumas Suni Tahta ve Mobilya Sanayi AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 364,585,264 to 381,710,618, a change of 17,125,354 (4.7%).
- Net income of 14,114,699 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL14.11 Million | +3.7% |
| Other Changes | TL3.01 Million | +0.79% |
| Total Change | TL- | 4.70% |
Book Value vs Market Value Analysis
This analysis compares Sumas Suni Tahta ve Mobilya Sanayi 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: 5.49x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 80.31x to 5.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | TL4.35 | TL349.25 | x |
| 2019-12-31 | TL5.84 | TL349.25 | x |
| 2021-12-31 | TL14.15 | TL349.25 | x |
| 2022-12-31 | TL20.88 | TL349.25 | x |
| 2023-12-31 | TL58.57 | TL349.25 | x |
| 2024-12-31 | TL63.67 | TL349.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sumas Suni Tahta ve Mobilya Sanayi 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): 3.70%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.05%
- • Asset Turnover: 0.91x
- • Equity Multiplier: 1.33x
- Recent ROE (3.70%) is below the historical average (25.14%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 54.53% | 27.38% | 1.53x | 1.30x | TL12.05 Million |
| 2019 | 31.10% | 18.84% | 1.33x | 1.24x | TL7.67 Million |
| 2021 | 50.61% | 34.20% | 1.13x | 1.31x | TL35.76 Million |
| 2022 | 41.28% | 23.65% | 1.29x | 1.35x | TL40.65 Million |
| 2023 | -30.39% | -17.94% | 1.27x | 1.33x | TL-147.26 Million |
| 2024 | 3.70% | 3.05% | 0.91x | 1.33x | TL-24.06 Million |
Industry Comparison
This section compares Sumas Suni Tahta ve Mobilya Sanayi AS's net assets metrics with peer companies in the Lumber & Wood Production industry.
Industry Context
- Industry: Lumber & Wood Production
- Average net assets among peers: $48,400,000
- Average return on equity (ROE) among peers: 0.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sumas Suni Tahta ve Mobilya Sanayi AS (SUMAS) | TL438.34 Million | 54.53% | 0.33x | $46.90 Million |
| Orma Orman Mahsulleri Integre Sanayi ve Ticaret AS (ORMA) | $48.40 Million | 0.00% | 3.92x | $101.13 Million |
About Sumas Suni Tahta ve Mobilya Sanayi AS
Sumas Suni Tahta ve Mobilya Sanayi A.S. produces and sells oriented strand board panels and glue products in Turkey. It also provides natural fuel pellets. Its products are used in various applications, including roof covering, shingle plate, floorings, and combined and single applications; vehicle body manufacturing; interior decoration and packaging applications; construction and decoration of … Read more