Tekfen Holding AS (TKFEN) - Net Assets

Latest as of September 2025: TL33.97 Billion TRY ≈ $760.80 Million USD

Based on the latest financial reports, Tekfen Holding AS (TKFEN) has net assets worth TL33.97 Billion TRY (≈ $760.80 Million USD) 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 ≈ $1.56 Billion USD) and total liabilities (TL35.63 Billion ≈ $798.00 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. Check TKFEN financial resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore Tekfen Holding AS (TKFEN) total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see market value of Tekfen Holding AS.

Year	Net Assets	Change
2024-12-31	TL30.88 Billion ≈ $691.66 Million	+40.17%
2023-12-31	TL22.03 Billion ≈ $493.46 Million	+108.04%
2022-12-31	TL10.59 Billion ≈ $237.19 Million	+37.08%
2021-12-31	TL7.73 Billion ≈ $173.03 Million	+32.95%
2020-12-31	TL5.81 Billion ≈ $130.15 Million	+5.71%
2019-12-31	TL5.50 Billion ≈ $123.12 Million	+24.24%
2018-12-31	TL4.42 Billion ≈ $99.10 Million	+47.07%
2017-12-31	TL3.01 Billion ≈ $67.38 Million	+26.43%
2016-12-31	TL2.38 Billion ≈ $53.29 Million	+14.12%
2015-12-31	TL2.09 Billion ≈ $46.70 Million	+4.46%
2014-12-31	TL2.00 Billion ≈ $44.71 Million	+3.84%
2013-12-31	TL1.92 Billion ≈ $43.05 Million	-8.96%
2012-12-31	TL2.11 Billion ≈ $47.29 Million	+11.85%
2011-12-31	TL1.89 Billion ≈ $42.28 Million	+12.18%
2010-12-31	TL1.68 Billion ≈ $37.69 Million	+16.54%
2009-12-31	TL1.44 Billion ≈ $32.34 Million	+7.54%
2008-12-31	TL1.34 Billion ≈ $30.07 Million	+10.32%
2007-12-31	TL1.22 Billion ≈ $27.26 Million	+92.12%
2006-12-31	TL633.52 Million ≈ $14.19 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
WHA Premium Growth Freehold And Leasehold Real Estate Investment Trust BK:WHART	$1.18 Billion
Sino Horizon Holdings Ltd TW:2923	$1.18 Billion
Tansun Technology Co Ltd SHE:300872	$1.18 Billion
Jaeyoung Solutec Co. Ltd KQ:049630	$1.18 Billion
Jefferson Capital, Inc. Common Stock NASDAQ:JCAP	$1.18 Billion
Jiangsu Tongguang Electronic Wire&Cable Co Ltd SHE:300265	$1.18 Billion
Dicker Data Ltd AU:DDR	$1.18 Billion
Chengdu Yunda Technology Co Ltd SHE:300440	$1.18 Billion

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: 1.73x
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 17.73x to 1.73x 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	TL142.60	x
2018-12-31	TL11.80	TL142.60	x
2019-12-31	TL14.67	TL142.60	x
2020-12-31	TL15.49	TL142.60	x
2021-12-31	TL20.53	TL142.60	x
2022-12-31	TL28.19	TL142.60	x
2023-12-31	TL58.63	TL142.60	x
2024-12-31	TL82.57	TL142.60	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: $3,364,044,442,843
Average return on equity (ROE) among peers: -17.31%

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	$1.18 Billion
Bagfas Bandirma Gubre Fabrikalari AS (BAGFS)	$4.70 Billion	-32.07%	0.93x	$7.35K
Gubre Fabrikalari TAS (GUBRF)	$10.07 Trillion	0.00%	2.65x	$3.97 Billion
Hektas Ticaret TAS (HEKTS)	$13.73 Billion	-19.85%	0.75x	$647.62 Million

About Tekfen Holding AS

IS:TKFEN Turkey Agricultural Inputs

Market Cap

$1.18 Billion

TL52.61 Billion TRY

Market Cap Rank

#8406 Global

#68 in Turkey

Share Price

TL142.60

Change (1 day)

+5.24%

52-Week Range

TL67.40 - TL142.60

All Time High

TL150.00