Tekfen Holding AS (TKFEN) - Net Assets

Latest as of December 2025: TL32.79 Billion TRY ≈ $734.36 Million USD

Based on the latest financial reports, Tekfen Holding AS (TKFEN) has net assets worth TL32.79 Billion TRY (≈ $734.36 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL72.19 Billion ≈ $1.62 Billion USD) and total liabilities (TL39.41 Billion ≈ $882.62 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 how tangible is Tekfen Holding AS's equity to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	TL32.79 Billion
% of Total Assets	45.42%
Annual Growth Rate	23.08%
5-Year Change	324.41%
10-Year Change	1277.95%
Growth Volatility	29.12

Tekfen Holding AS - Net Assets Trend (2006–2025)

This chart illustrates how Tekfen Holding AS's net assets have evolved over time, based on quarterly financial data. See Tekfen Holding AS (TKFEN) liquidity interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Tekfen Holding AS (2006–2025)

The table below shows the annual net assets of Tekfen Holding AS from 2006 to 2025. For live valuation and market cap data, see market value of Tekfen Holding AS.

Year	Net Assets	Change
2025-12-31	TL32.79 Billion ≈ $734.36 Million	+6.17%
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 3645.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	TL14.25 Billion	44.01%
Other Components	TL18.13 Billion	55.99%
Total Equity	TL32.39 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
FARM FRESH BERHAD KLSE:5306	$1.09 Billion
MI Technovation Bhd KLSE:5286	$1.09 Billion
Metropolitan Bank Holding NYSE:MCB	$1.09 Billion
Brighton-Best International Taiwan TWO:8415	$1.09 Billion
Meitav Dash Investments Ltd TA:MTDS	$1.09 Billion
Jubilant Ingrevia Limited NSE:JUBLINGREA	$1.09 Billion
United States Antimony Corporation NYSE:UAMY	$1.09 Billion
Elbit Systems Ltd TA:ESLT	$1.09 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 2024 to 2025, total equity changed from 30,465,878,000 to 32,385,652,000, a change of 1,919,774,000 (6.3%).
Net loss of 5,721,464,000 reduced equity.
Dividend payments of 142,222,000 reduced retained earnings.
Share repurchases of 244,595,000 reduced equity.
Other factors increased equity by 8,028,055,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	TL-5.72 Billion	-17.67%
Dividends Paid	TL142.22 Million	-0.44%
Share Repurchases	TL244.59 Million	-0.76%
Other Changes	TL8.03 Billion	+24.79%
Total Change	TL-	6.30%

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: 1.50x
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 16.94x to 1.50x 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	TL136.20	x
2018-12-31	TL11.80	TL136.20	x
2019-12-31	TL14.67	TL136.20	x
2020-12-31	TL15.49	TL136.20	x
2021-12-31	TL20.53	TL136.20	x
2022-12-31	TL28.19	TL136.20	x
2023-12-31	TL58.63	TL136.20	x
2024-12-31	TL82.57	TL136.20	x
2025-12-31	TL90.83	TL136.20	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): -17.67%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -10.61%
• Asset Turnover: 0.75x
• Equity Multiplier: 2.23x
Recent ROE (-17.67%) is below the historical average (10.59%), 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	1.74%	0.69%	1.16x	2.16x	TL-2.52 Billion
2025	-17.67%	-10.61%	0.75x	2.23x	TL-8.96 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: $4,479,320,780,204
Average return on equity (ROE) among peers: 8.33%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Tekfen Holding AS (TKFEN)	TL32.79 Billion	11.16%	1.20x	$1.09 Billion
Bagfas Bandirma Gubre Fabrikalari AS (BAGFS)	$138.97 Million	-3.71%	0.58x	$5.69K
Gubre Fabrikalari TAS (GUBRF)	$13.44 Trillion	0.00%	3.11x	$3.67 Billion
Hektas Ticaret TAS (HEKTS)	$507.37 Million	28.69%	1.42x	$785.45 Million

About Tekfen Holding AS

IS:TKFEN Turkey Agricultural Inputs

Market Cap

$1.09 Billion

TL48.56 Billion TRY

Market Cap Rank

#8707 Global

#69 in Turkey

Share Price

TL136.20

Change (1 day)

-1.94%

52-Week Range

TL67.40 - TL157.00

All Time High

TL157.00