Trend Gayrimenkul Yatirim Ortakligi AS (TDGYO) - Net Assets
Based on the latest financial reports, Trend Gayrimenkul Yatirim Ortakligi AS (TDGYO) has net assets worth TL337.72 Million TRY (≈ $7.56 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 (TL362.65 Million ≈ $8.12 Million USD) and total liabilities (TL24.93 Million ≈ $558.33K 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 TDGYO asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL337.72 Million |
| % of Total Assets | 93.13% |
| Annual Growth Rate | 36.73% |
| 5-Year Change | 470.51% |
| 10-Year Change | N/A |
| Growth Volatility | 44.11 |
Trend Gayrimenkul Yatirim Ortakligi AS - Net Assets Trend (2018–2024)
This chart illustrates how Trend Gayrimenkul Yatirim Ortakligi AS's net assets have evolved over time, based on quarterly financial data. Also explore TDGYO total asset value for the complete picture of this company's asset base.
Annual Net Assets for Trend Gayrimenkul Yatirim Ortakligi AS (2018–2024)
The table below shows the annual net assets of Trend Gayrimenkul Yatirim Ortakligi AS from 2018 to 2024. For live valuation and market cap data, see Trend Gayrimenkul Yatirim Ortakligi AS stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL289.22 Million ≈ $6.48 Million |
-2.16% |
| 2023-12-31 | TL295.59 Million ≈ $6.62 Million |
+120.16% |
| 2022-12-31 | TL134.26 Million ≈ $3.01 Million |
+71.21% |
| 2021-12-31 | TL78.42 Million ≈ $1.76 Million |
+54.69% |
| 2020-12-31 | TL50.69 Million ≈ $1.14 Million |
-3.37% |
| 2019-12-31 | TL52.46 Million ≈ $1.17 Million |
+18.57% |
| 2018-12-31 | TL44.24 Million ≈ $990.96K |
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Equity Component Analysis
This analysis shows how different components contribute to Trend 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 decreased by 1955.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | TL442.47 Million | 152.99% |
| Total Equity | TL289.22 Million | 100.00% |
Trend Gayrimenkul Yatirim Ortakligi AS Competitors by Market Cap
The table below lists competitors of Trend Gayrimenkul Yatirim Ortakligi AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Four Seasons Education Cayman
NYSE:FEDU
|
$23.02 Million |
|
Microelectronics Technology Inc
TW:2314
|
$23.02 Million |
|
Flagship Investments Ltd
AU:FSI
|
$23.05 Million |
|
M2N Co.Ltd
KQ:033310
|
$23.05 Million |
|
Seker Finansal Kiralama AS
IS:SEKFK
|
$23.00 Million |
|
Caledonia Investments
LSE:CLDN
|
$23.00 Million |
|
Airan Limited
NSE:AIRAN
|
$23.00 Million |
|
Wonil Special Steel Co. Ltd
KQ:012620
|
$22.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trend Gayrimenkul Yatirim Ortakligi AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 295,594,038 to 289,215,343, a change of -6,378,695 (-2.2%).
- Net loss of 6,378,466 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL-6.38 Million | -2.21% |
| Other Changes | TL-229.00 | -0.0% |
| Total Change | TL- | -2.16% |
Book Value vs Market Value Analysis
This analysis compares Trend 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: 3.55x
- 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 10.10x to 3.55x 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 | TL1.47 | TL14.89 | x |
| 2019-12-31 | TL0.76 | TL14.89 | x |
| 2020-12-31 | TL0.73 | TL14.89 | x |
| 2021-12-31 | TL1.14 | TL14.89 | x |
| 2022-12-31 | TL1.95 | TL14.89 | x |
| 2023-12-31 | TL4.28 | TL14.89 | x |
| 2024-12-31 | TL4.19 | TL14.89 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trend 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): -2.21%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -10.43%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 1.05x
- Recent ROE (-2.21%) is below the historical average (10.24%), 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 | 24.68% | 34.82% | 0.29x | 2.40x | TL6.49 Million |
| 2019 | 15.60% | 16.16% | 0.66x | 1.47x | TL2.94 Million |
| 2020 | -3.42% | -20.39% | 0.12x | 1.37x | TL-6.81 Million |
| 2021 | 35.37% | 68.35% | 0.39x | 1.33x | TL19.89 Million |
| 2022 | 41.59% | 63.75% | 0.51x | 1.29x | TL42.42 Million |
| 2023 | -39.94% | -91.21% | 0.38x | 1.15x | TL-147.62 Million |
| 2024 | -2.21% | -10.43% | 0.20x | 1.05x | TL-35.30 Million |
Industry Comparison
This section compares Trend Gayrimenkul Yatirim Ortakligi AS's net assets metrics with peer companies in the Real Estate - Diversified industry.
Industry Context
- Industry: Real Estate - Diversified
- Average net assets among peers: $1,160,326,590
- Average return on equity (ROE) among peers: 18.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trend Gayrimenkul Yatirim Ortakligi AS (TDGYO) | TL337.72 Million | 24.68% | 0.07x | $23.01 Million |
| Adese Gayrimenkul Yatirim AS (ADESE) | $585.38 Million | -0.09% | 1.62x | $117.40 Million |
| Ihlas Gayrimenkul Proje Gelistirme ve Ticaret AS (IHLGM) | $1.74 Billion | 37.73% | 1.82x | $45.02 Million |
About Trend Gayrimenkul Yatirim Ortakligi AS
Trend Gayrimenkul Yatirim Ortakligi A.S. engages in the real estate business in Turkey. It develops and constructs various real estate projects, such as houses, hotels, residence, and university buildings. The company was formerly known as Anda Gayrimenkul Gelistirme ve Insaat Sanayi Ticaret Limited Sirketi and changed its name to Trend Gayrimenkul Yatirim Ortakligi A.S. in November 2017. Trend G… Read more