Tekfen Holding AS
Tekfen Holding Anonim Sirketi, together with its subsidiaries, engages in engineering and contracting, agriculture, and investment businesses in Turkey, CIS, the Middle Eastern countries, and internationally. It operates through three segments: Engineering and Contracting, Agricultural Industry, and Investment. The company provides turnkey solutions for various facilities, such as pipelines, oil … Read more
Tekfen Holding AS (TKFEN) - Net Assets
Latest net assets as of September 2025: TL33.97 Billion TRY
Based on the latest financial reports, Tekfen Holding AS (TKFEN) has net assets worth TL33.97 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 (TL69.60 Billion) and total liabilities (TL35.63 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 | TL33.97 Billion |
| % of Total Assets | 48.81% |
| Annual Growth Rate | 24.1% |
| 5-Year Change | 431.44% |
| 10-Year Change | 1381.02% |
| Growth Volatility | 29.53 |
Tekfen Holding AS - Net Assets Trend (2006–2024)
This chart illustrates how Tekfen Holding 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 Tekfen Holding AS (2006–2024)
The table below shows the annual net assets of Tekfen Holding AS from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL30.88 Billion | +40.17% |
| 2023-12-31 | TL22.03 Billion | +108.04% |
| 2022-12-31 | TL10.59 Billion | +37.08% |
| 2021-12-31 | TL7.73 Billion | +32.95% |
| 2020-12-31 | TL5.81 Billion | +5.71% |
| 2019-12-31 | TL5.50 Billion | +24.24% |
| 2018-12-31 | TL4.42 Billion | +47.07% |
| 2017-12-31 | TL3.01 Billion | +26.43% |
| 2016-12-31 | TL2.38 Billion | +14.12% |
| 2015-12-31 | TL2.09 Billion | +4.46% |
| 2014-12-31 | TL2.00 Billion | +3.84% |
| 2013-12-31 | TL1.92 Billion | -8.96% |
| 2012-12-31 | TL2.11 Billion | +11.85% |
| 2011-12-31 | TL1.89 Billion | +12.18% |
| 2010-12-31 | TL1.68 Billion | +16.54% |
| 2009-12-31 | TL1.44 Billion | +7.54% |
| 2008-12-31 | TL1.34 Billion | +10.32% |
| 2007-12-31 | TL1.22 Billion | +92.12% |
| 2006-12-31 | TL633.52 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Tekfen Holding 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 3997.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL15.59 Billion | 51.18% |
| Other Components | TL14.87 Billion | 48.82% |
| Total Equity | TL30.47 Billion | 100.00% |
Tekfen Holding AS Competitors by Market Cap
The table below lists competitors of Tekfen Holding AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Parag Milk Foods Limited
NSE:PARAGMILK
|
$151.36 Million |
|
inTest Corporation
NYSE MKT:INTT
|
$151.36 Million |
|
IAR Systems Group AB Series B
LSE:0QTV
|
$151.39 Million |
|
Chongqing New Dazheng Property Grp
SHE:002968
|
$151.40 Million |
|
Caisse Regionale de Credit Agricole Mutuel de Normandie Seine SC
PA:CCN
|
$151.32 Million |
|
TEN SQUARE GAMES ZY-10
F:1HQ
|
$151.28 Million |
|
Esso Societe Anonyme Francaise SA
LSE:0N9V
|
$151.24 Million |
|
AirTrip Corp
PINK:EOVBF
|
$151.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tekfen Holding AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 21,692,859,000 to 30,465,878,000, a change of 8,773,019,000 (40.4%).
- Net income of 404,091,000 contributed positively to equity growth.
- Share repurchases of 750,359,000 reduced equity.
- Other factors increased equity by 9,119,287,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL404.09 Million | +1.33% |
| Share Repurchases | TL750.36 Million | -2.46% |
| Other Changes | TL9.12 Billion | +29.93% |
| Total Change | TL- | 40.44% |
Book Value vs Market Value Analysis
This analysis compares Tekfen Holding 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: 1.02x
- 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 10.49x to 1.02x 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 | TL8.04 | TL84.35 | x |
| 2018-12-31 | TL11.80 | TL84.35 | x |
| 2019-12-31 | TL14.67 | TL84.35 | x |
| 2020-12-31 | TL15.49 | TL84.35 | x |
| 2021-12-31 | TL20.53 | TL84.35 | x |
| 2022-12-31 | TL28.19 | TL84.35 | x |
| 2023-12-31 | TL58.63 | TL84.35 | x |
| 2024-12-31 | TL82.57 | TL84.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tekfen Holding 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): 1.33%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.69%
- • Asset Turnover: 0.88x
- • Equity Multiplier: 2.16x
- Recent ROE (1.33%) is below the historical average (12.14%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 11.16% | 3.97% | 0.57x | 4.97x | TL7.14 Million |
| 2007 | 10.35% | 6.56% | 0.78x | 2.02x | TL4.23 Million |
| 2008 | 6.88% | 3.62% | 0.84x | 2.26x | TL-41.32 Million |
| 2009 | 4.87% | 2.95% | 0.85x | 1.95x | TL-73.16 Million |
| 2010 | 10.73% | 7.90% | 0.74x | 1.84x | TL12.21 Million |
| 2011 | 13.06% | 7.55% | 0.86x | 2.02x | TL56.75 Million |
| 2012 | 14.38% | 7.34% | 0.99x | 1.99x | TL91.16 Million |
| 2014 | 2.85% | 1.25% | 0.90x | 2.53x | TL-140.01 Million |
| 2015 | 9.01% | 4.77% | 0.69x | 2.73x | TL-20.27 Million |
| 2016 | 13.81% | 6.85% | 0.71x | 2.84x | TL89.44 Million |
| 2017 | 25.92% | 10.30% | 0.80x | 3.15x | TL473.73 Million |
| 2018 | 32.12% | 11.55% | 1.01x | 2.76x | TL966.30 Million |
| 2019 | 26.17% | 9.73% | 1.15x | 2.33x | TL877.88 Million |
| 2020 | -1.05% | -0.51% | 0.84x | 2.43x | TL-633.14 Million |
| 2021 | 11.05% | 5.17% | 0.74x | 2.89x | TL79.66 Million |
| 2022 | 33.30% | 11.33% | 0.95x | 3.09x | TL2.43 Billion |
| 2023 | -7.42% | -2.58% | 1.18x | 2.43x | TL-3.78 Billion |
| 2024 | 1.33% | 0.69% | 0.88x | 2.16x | TL-2.64 Billion |
Industry Comparison
This section compares Tekfen Holding AS's net assets metrics with peer companies in the Agricultural Inputs industry.
Industry Context
- Industry: Agricultural Inputs
- Average net assets among peers: $271,956,395
- Average return on equity (ROE) among peers: 17.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tekfen Holding AS (TKFEN) | TL33.97 Billion | 11.16% | 1.05x | $151.33 Million |
| Bagfas Bandirma Gubre Fabrikalari AS (BAGFS) | $655.08 Million | 23.72% | 4.00x | $79.55 Million |
| Gubre Fabrikalari TAS (GUBRF) | $66.89 Million | 13.64% | 1.97x | $1.02 Billion |
| Hektas Ticaret TAS (HEKTS) | $93.90 Million | 13.72% | 0.59x | $324.67 Million |