KIRAC GALVANIZ
Kirac Galvaniz Telekominikasyon Metal Makine Insaat Elektrik Sanayi ve Ticaret Anonim Sirketi operates as a guardrail supplier company in Turkey. The company provides steel guardrail systems, noise barrier systems, solar energy systems, and motorcyclist protection systems, as well as hot dip galvanizing services. It also offers other products, such as traffic sign and boards, overhead sign carrie… Read more
KIRAC GALVANIZ (TCKRC) - Net Assets
Latest net assets as of September 2025: TL4.39 Billion TRY
Based on the latest financial reports, KIRAC GALVANIZ (TCKRC) has net assets worth TL4.39 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 (TL6.23 Billion) and total liabilities (TL1.84 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 | TL4.39 Billion |
| % of Total Assets | 70.43% |
| Annual Growth Rate | 71.82% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 45.69 |
KIRAC GALVANIZ - Net Assets Trend (2021–2024)
This chart illustrates how KIRAC GALVANIZ's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for KIRAC GALVANIZ (2021–2024)
The table below shows the annual net assets of KIRAC GALVANIZ from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL3.05 Billion | +114.63% |
| 2023-12-31 | TL1.42 Billion | +107.09% |
| 2022-12-31 | TL685.60 Million | +14.16% |
| 2021-12-31 | TL600.54 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to KIRAC GALVANIZ'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 438.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL790.40 Million | 25.94% |
| Other Components | TL2.26 Billion | 74.06% |
| Total Equity | TL3.05 Billion | 100.00% |
KIRAC GALVANIZ Competitors by Market Cap
The table below lists competitors of KIRAC GALVANIZ ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Golden Biotechnology Corporation
TWO:4132
|
$54.15 Million |
|
Besiktas Futbol Yatirimlari Sanayi ve Ticaret AS
IS:BJKAS
|
$54.16 Million |
|
Tofu Restaurant Co Ltd
TWO:2752
|
$54.16 Million |
|
Laboratorio Reig Jofre S.A
MC:RJF
|
$54.17 Million |
|
Two Rivers Financial Group Inc
PINK:TRVR
|
$54.12 Million |
|
Tien Giang Investment and Construction JSC
VN:THG
|
$54.10 Million |
|
GCT Semiconductor Holding Inc
NYSE:GCTS
|
$54.10 Million |
|
First Guaranty Bancshares Inc
NASDAQ:FGBI
|
$54.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in KIRAC GALVANIZ's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,419,779,780 to 3,047,321,132, a change of 1,627,541,352 (114.6%).
- Net income of 430,976,243 contributed positively to equity growth.
- New share issuances of 999,404,136 increased equity.
- Other factors increased equity by 197,160,973.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL430.98 Million | +14.14% |
| Share Issuances | TL999.40 Million | +32.8% |
| Other Changes | TL197.16 Million | +6.47% |
| Total Change | TL- | 114.63% |
Book Value vs Market Value Analysis
This analysis compares KIRAC GALVANIZ'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: 5.36x
- 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 27.18x to 5.36x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | TL3.53 | TL96.00 | x |
| 2022-12-31 | TL4.03 | TL96.00 | x |
| 2023-12-31 | TL8.35 | TL96.00 | x |
| 2024-12-31 | TL17.93 | TL96.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently KIRAC GALVANIZ 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): 14.14%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.11%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 1.25x
- Recent ROE (14.14%) is below the historical average (14.45%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 18.82% | 23.47% | 0.50x | 1.61x | TL52.94 Million |
| 2022 | 9.99% | 7.95% | 0.71x | 1.76x | TL-52.47K |
| 2023 | 14.86% | 14.51% | 0.59x | 1.73x | TL69.06 Million |
| 2024 | 14.14% | 26.11% | 0.43x | 1.25x | TL126.24 Million |
Industry Comparison
This section compares KIRAC GALVANIZ's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $835,439,973
- Average return on equity (ROE) among peers: 8.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| KIRAC GALVANIZ (TCKRC) | TL4.39 Billion | 18.82% | 0.42x | $54.14 Million |
| Burcelik Vana Sanayi ve Ticaret AS (BURVA) | $7.70 Million | 0.00% | 0.52x | $95.26 Million |
| Celik Halat ve Tel Sanayi AS (CELHA) | $34.61 Million | 22.61% | 1.89x | $20.57 Million |
| Cemas Dokum Sanayi AS (CEMAS) | $12.72 Million | 0.00% | 0.74x | $64.68 Million |
| Demisas Dokum Emaye Mamulleri Sanayi AS (DMSAS) | $61.06 Million | 8.74% | 2.76x | $28.83 Million |
| Erbosan Erciyas Boru Sanayi Ve Ticaret AS (ERBOS) | $665.67 Million | 29.49% | 0.64x | $91.44 Million |
| KOC METALURJI (KOCMT) | $5.04 Billion | 1.57% | 0.44x | $19.79 Million |
| Tugcelik Aluminyum ve Metal (TUCLK) | $23.79 Million | 0.00% | 2.45x | $12.60 Million |