Tera Yatirim Menkul Degerler A.S. (TERA) - Net Assets
Based on the latest financial reports, Tera Yatirim Menkul Degerler A.S. (TERA) has net assets worth TL710.36 Million TRY (≈ $15.91 Million USD) as of March 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL2.51 Billion ≈ $56.13 Million USD) and total liabilities (TL1.80 Billion ≈ $40.22 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. See how leveraged is Tera Yatirim Menkul Degerler A.S.'s balance sheet to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL710.36 Million |
| % of Total Assets | 28.34% |
| Annual Growth Rate | 116.94% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 216.84 |
Tera Yatirim Menkul Degerler A.S. - Net Assets Trend (2020–2023)
This chart illustrates how Tera Yatirim Menkul Degerler A.S.'s net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market value of Tera Yatirim Menkul Degerler A.S..
Annual Net Assets for Tera Yatirim Menkul Degerler A.S. (2020–2023)
The table below shows the annual net assets of Tera Yatirim Menkul Degerler A.S. from 2020 to 2023. Also explore Tera Yatirim Menkul Degerler A.S. net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | TL603.98 Million ≈ $13.53 Million |
+10.99% |
| 2022-12-31 | TL544.15 Million ≈ $12.19 Million |
+491.51% |
| 2021-12-31 | TL91.99 Million ≈ $2.06 Million |
+55.25% |
| 2020-12-31 | TL59.25 Million ≈ $1.33 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tera Yatirim Menkul Degerler A.S.'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 1414.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL314.92 Million | 52.14% |
| Other Components | TL289.06 Million | 47.86% |
| Total Equity | TL603.98 Million | 100.00% |
Tera Yatirim Menkul Degerler A.S. Competitors by Market Cap
The table below lists competitors of Tera Yatirim Menkul Degerler A.S. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sumber Alfaria Trijaya Tbk
JK:AMRT
|
$3.16 Billion |
|
Sichuan Chemical Co Ltd
SHE:000155
|
$3.16 Billion |
|
Atkore International Group Inc
NYSE:ATKR
|
$3.16 Billion |
|
Acadian Asset Management Inc
NYSE:AAMI
|
$3.17 Billion |
|
Pt Pradiksi Gunatama Tbk
JK:PGUN
|
$3.16 Billion |
|
Group 1 Automotive Inc
NYSE:GPI
|
$3.16 Billion |
|
Huaxi Securities Co Ltd Class A
SHE:002926
|
$3.16 Billion |
|
Knife River Corporation
NYSE:KNF
|
$3.16 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tera Yatirim Menkul Degerler A.S.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 544,154,936 to 603,983,177, a change of 59,828,241 (11.0%).
- Net income of 261,224,073 contributed positively to equity growth.
- Other factors decreased equity by 201,395,832.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL261.22 Million | +43.25% |
| Other Changes | TL-201.40 Million | -33.34% |
| Total Change | TL- | 10.99% |
Book Value vs Market Value Analysis
This analysis compares Tera Yatirim Menkul Degerler A.S.'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: 52.57x
- 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 382.76x to 52.57x 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 | TL0.53 | TL201.60 | x |
| 2021-12-31 | TL0.82 | TL201.60 | x |
| 2022-12-31 | TL3.45 | TL201.60 | x |
| 2023-12-31 | TL3.83 | TL201.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tera Yatirim Menkul Degerler A.S. 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): 43.25%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.95%
- • Asset Turnover: 1.71x
- • Equity Multiplier: 4.25x
- Recent ROE (43.25%) is above the historical average (23.05%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 14.43% | 1.47% | 2.63x | 3.73x | TL2.62 Million |
| 2021 | 35.56% | 2.27% | 4.46x | 3.52x | TL23.51 Million |
| 2022 | -1.04% | -0.22% | 1.40x | 3.40x | TL-60.07 Million |
| 2023 | 43.25% | 5.95% | 1.71x | 4.25x | TL200.83 Million |
Industry Comparison
This section compares Tera Yatirim Menkul Degerler A.S.'s net assets metrics with peer companies in the Capital Markets industry.
Industry Context
- Industry: Capital Markets
- Average net assets among peers: $2,062,532,083,180
- Average return on equity (ROE) among peers: 19.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tera Yatirim Menkul Degerler A.S. (TERA) | TL710.36 Million | 14.43% | 2.53x | $3.16 Billion |
| Atlas Menkul Kiymetler Yatirim Ortakligi AS (ATLAS) | $92.81 Million | 13.39% | 0.03x | $8.47 Million |
| Euro Yatirim Holding AS (EUHOL) | $45.96 Million | -0.85% | 0.50x | $29.40 Million |
| Gedik Yatirim Menkul Degerler AS (GEDIK) | $170.57 Million | 38.31% | 5.53x | $235.62 Million |
| Global Menkul Degerler AS (GLBMD) | $52.69 Million | 4.45% | 0.63x | $29.44 Million |
| Info Yatirim AS (INFO) | $24.88 Million | 3.87% | 0.54x | $46.89 Million |
| Is Yatirim Menkul Degerler AS (ISMEN) | $18.56 Trillion | 58.13% | 1.68x | $1.10 Billion |
| Osmanli Menkul Degerler AS (OSMEN) | $26.56 Million | 11.14% | 1.63x | $57.61 Million |
| Oyak Yatirim Menkul Degerler AS (OYYAT) | $136.61 Million | 19.91% | 3.97x | $210.31 Million |
| Unlu Yatirim Holding AS (UNLU) | $244.66 Million | 25.04% | 1.46x | $44.60 Million |
About Tera Yatirim Menkul Degerler A.S.
Tera Yatirim Menkul Degerler A.S. engages in investment banking and brokerage activities in Turkey. The company offers institutional sales and trading services for mutual funds, hedge funds, and alpha capture funds investors; private sales and trading services, as well as personalized financial advisory services, stocks, bonds, and funds; and investment banking services, such as initial public of… Read more