Turk Tuborg Bira ve Malt Sanayi AS
Türk Tuborg Bira ve Malt Sanayii A.S. produces, sells, and distributes beer and malt in Turkey and internationally. The company offers its products under the Tuborg, Carlsberg, FREDERIK, Troy, and 1664 Blanc brands, as well as imports GUINNESS, Weihenstephan, KILKENNY, Grimbergen, DESPERADOS, CAMPARI, APEROL, CINZANO, and SOL brands. It also exports its products to various countries, such as the … Read more
Turk Tuborg Bira ve Malt Sanayi AS (TBORG) - Net Assets
Latest net assets as of September 2025: TL23.14 Billion TRY
Based on the latest financial reports, Turk Tuborg Bira ve Malt Sanayi AS (TBORG) has net assets worth TL23.14 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 (TL43.79 Billion) and total liabilities (TL20.65 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 | TL23.14 Billion |
| % of Total Assets | 52.84% |
| Annual Growth Rate | -24.54% |
| 5-Year Change | 858.48% |
| 10-Year Change | 3343.53% |
| Growth Volatility | 143.34 |
Turk Tuborg Bira ve Malt Sanayi AS - Net Assets Trend (2000–2024)
This chart illustrates how Turk Tuborg Bira ve Malt Sanayi AS's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Turk Tuborg Bira ve Malt Sanayi AS (2000–2024)
The table below shows the annual net assets of Turk Tuborg Bira ve Malt Sanayi AS from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL17.54 Billion | +18.41% |
| 2023-12-31 | TL14.82 Billion | +257.66% |
| 2022-12-31 | TL4.14 Billion | +41.55% |
| 2021-12-31 | TL2.93 Billion | +59.88% |
| 2020-12-31 | TL1.83 Billion | +40.17% |
| 2019-12-31 | TL1.31 Billion | -7.08% |
| 2018-12-31 | TL1.41 Billion | +35.46% |
| 2017-12-31 | TL1.04 Billion | +38.88% |
| 2016-12-31 | TL747.04 Million | +46.62% |
| 2015-12-31 | TL509.50 Million | +44.16% |
| 2014-12-31 | TL353.43 Million | +51.49% |
| 2013-12-31 | TL233.30 Million | +55.77% |
| 2012-12-31 | TL149.78 Million | +50.42% |
| 2011-12-31 | TL99.57 Million | -7.83% |
| 2010-12-31 | TL108.02 Million | -5.05% |
| 2009-12-31 | TL113.77 Million | +44.82% |
| 2008-12-31 | TL78.55 Million | +629.04% |
| 2007-12-31 | TL10.78 Million | +1118.43% |
| 2006-12-31 | TL-1.06 Million | -101.69% |
| 2005-12-31 | TL62.75 Million | -56.04% |
| 2004-12-31 | TL142.74 Million | -21.54% |
| 2003-12-31 | TL181.93 Million | -100.00% |
| 2002-12-31 | TL19.32 Trillion | +27.77% |
| 2000-12-31 | TL15.12 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Turk Tuborg Bira ve Malt 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 decreased by 99.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL5.23 Billion | 29.80% |
| Other Components | TL12.32 Billion | 70.20% |
| Total Equity | TL17.54 Billion | 100.00% |
Turk Tuborg Bira ve Malt Sanayi AS Competitors by Market Cap
The table below lists competitors of Turk Tuborg Bira ve Malt Sanayi AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Harrisons Holdings (Malaysia)
KLSE:5008
|
$68.65 Million |
|
BAUER Aktiengesellschaft
PINK:BRAGF
|
$68.65 Million |
|
Ultralife Corporation
NASDAQ:ULBI
|
$68.68 Million |
|
Ge Shen Corporation Bhd
KLSE:7197
|
$68.69 Million |
|
Tricorntech Corporation
TW:6909
|
$68.58 Million |
|
Riber S.A
PA:ALRIB
|
$68.56 Million |
|
Exclusive Networks SA
PINK:EXNWF
|
$68.53 Million |
|
Adel Kalemcilik Ticaret ve Sanayi AS
IS:ADEL
|
$68.53 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Turk Tuborg Bira ve Malt Sanayi AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 14,816,522,000 to 17,544,893,000, a change of 2,728,371,000 (18.4%).
- Net income of 3,955,003,000 contributed positively to equity growth.
- Dividend payments of 1,203,667,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL3.96 Billion | +22.54% |
| Dividends Paid | TL1.20 Billion | -6.86% |
| Other Changes | TL-22.96 Million | -0.13% |
| Total Change | TL- | 18.41% |
Book Value vs Market Value Analysis
This analysis compares Turk Tuborg Bira ve Malt 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: 2.77x
- 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 46.78x to 2.77x 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 | TL3.22 | TL150.50 | x |
| 2018-12-31 | TL4.36 | TL150.50 | x |
| 2019-12-31 | TL4.05 | TL150.50 | x |
| 2020-12-31 | TL5.68 | TL150.50 | x |
| 2021-12-31 | TL9.07 | TL150.50 | x |
| 2022-12-31 | TL12.84 | TL150.50 | x |
| 2023-12-31 | TL45.94 | TL150.50 | x |
| 2024-12-31 | TL54.40 | TL150.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Turk Tuborg Bira ve Malt 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): 22.54%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.12%
- • Asset Turnover: 1.03x
- • Equity Multiplier: 1.67x
- Recent ROE (22.54%) is below the historical average (29.71%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 11.53% | 10.47% | 0.58x | 1.91x | TL2.79 Million |
| 2012 | 27.03% | 12.45% | 0.97x | 2.24x | TL25.51 Million |
| 2013 | 35.80% | 18.10% | 1.01x | 1.96x | TL60.19 Million |
| 2014 | 33.95% | 20.47% | 0.89x | 1.86x | TL84.66 Million |
| 2015 | 30.96% | 21.24% | 0.81x | 1.79x | TL106.80 Million |
| 2016 | 31.71% | 24.61% | 0.75x | 1.72x | TL162.19 Million |
| 2017 | 29.67% | 24.90% | 0.74x | 1.60x | TL204.03 Million |
| 2018 | 30.43% | 25.16% | 0.73x | 1.66x | TL287.13 Million |
| 2019 | 33.50% | 20.15% | 0.86x | 1.94x | TL306.87 Million |
| 2020 | 28.70% | 20.29% | 0.75x | 1.89x | TL342.27 Million |
| 2021 | 41.15% | 32.77% | 0.77x | 1.63x | TL911.58 Million |
| 2022 | 48.97% | 25.50% | 0.91x | 2.11x | TL1.61 Billion |
| 2023 | 10.05% | 6.02% | 0.89x | 1.88x | TL7.52 Million |
| 2024 | 22.54% | 13.12% | 1.03x | 1.67x | TL2.20 Billion |
Industry Comparison
This section compares Turk Tuborg Bira ve Malt Sanayi AS's net assets metrics with peer companies in the Beverages - Brewers industry.
No peer company data available for comparison.