Trabzon Liman Isletmeciligi A.S.
Trabzon Liman Isletmeciligi Anonim Sirketi operates the Port of Trabzon. The port connects Iran, Iraq, Russia, and the Turkic Republics to all European and international markets. The company provides pilotage, towage, harboring, shifting, mooring, loading, unloading, terminal, warehousing, and passenger lounge management. It also provides water and electricity to ships; and receiving waste from s… Read more
Trabzon Liman Isletmeciligi A.S. (TLMAN) - Net Assets
Latest net assets as of June 2023: TL380.62 Million TRY
Based on the latest financial reports, Trabzon Liman Isletmeciligi A.S. (TLMAN) has net assets worth TL380.62 Million TRY as of June 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL485.97 Million) and total liabilities (TL105.35 Million). 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 | TL380.62 Million |
| % of Total Assets | 78.32% |
| Annual Growth Rate | 47.17% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 44.93 |
Trabzon Liman Isletmeciligi A.S. - Net Assets Trend (2019–2022)
This chart illustrates how Trabzon Liman Isletmeciligi A.S.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Trabzon Liman Isletmeciligi A.S. (2019–2022)
The table below shows the annual net assets of Trabzon Liman Isletmeciligi A.S. from 2019 to 2022.
| Year | Net Assets | Change |
|---|---|---|
| 2022-12-31 | TL294.35 Million | +110.93% |
| 2021-12-31 | TL139.54 Million | +1.15% |
| 2020-12-31 | TL137.95 Million | +49.43% |
| 2019-12-31 | TL92.32 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Trabzon Liman Isletmeciligi 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 342.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2022)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL251.05 Million | 85.29% |
| Other Components | TL43.29 Million | 14.71% |
| Total Equity | TL294.35 Million | 100.00% |
Trabzon Liman Isletmeciligi A.S. Competitors by Market Cap
The table below lists competitors of Trabzon Liman Isletmeciligi A.S. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dadi Early-Childhood Education Group Ltd
TWO:8437
|
$13.81 Million |
|
Wspierania Przedsiebiorczosci
WAR:PTW
|
$13.83 Million |
|
Rev Exploration Corp.
V:REVX
|
$13.83 Million |
|
Substrate AI S.A.
PINK:SUIAF
|
$13.83 Million |
|
Mundial S.A. - Produtos de Consumo
SA:MNDL3
|
$13.81 Million |
|
FAR Ltd
AU:FAR
|
$13.81 Million |
|
Donaco International Ltd
AU:DNA
|
$13.81 Million |
|
Good Drinks Australia Ltd
AU:GDA
|
$13.80 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Trabzon Liman Isletmeciligi A.S.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2021 to 2022, total equity changed from 139,544,112 to 294,346,387, a change of 154,802,275 (110.9%).
- Net income of 197,495,798 contributed positively to equity growth.
- Dividend payments of 13,860,967 reduced retained earnings.
- Other factors decreased equity by 28,832,556.
Equity Change Factors (2021 to 2022)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL197.50 Million | +67.1% |
| Dividends Paid | TL13.86 Million | -4.71% |
| Other Changes | TL-28.83 Million | -9.8% |
| Total Change | TL- | 110.93% |
Book Value vs Market Value Analysis
This analysis compares Trabzon Liman Isletmeciligi 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: 6.35x
- 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 20.26x to 6.35x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | TL4.40 | TL89.05 | x |
| 2020-12-31 | TL6.57 | TL89.05 | x |
| 2021-12-31 | TL6.64 | TL89.05 | x |
| 2022-12-31 | TL14.02 | TL89.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Trabzon Liman Isletmeciligi 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): 67.10%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 93.92%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 1.29x
- Recent ROE (67.10%) is above the historical average (52.54%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 56.38% | 86.60% | 0.43x | 1.50x | TL42.81 Million |
| 2020 | 42.50% | 71.96% | 0.44x | 1.34x | TL44.84 Million |
| 2021 | 44.17% | 66.06% | 0.50x | 1.35x | TL47.69 Million |
| 2022 | 67.10% | 93.92% | 0.55x | 1.29x | TL168.06 Million |
Industry Comparison
This section compares Trabzon Liman Isletmeciligi A.S.'s net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $259,119,191
- Average return on equity (ROE) among peers: 9.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Trabzon Liman Isletmeciligi A.S. (TLMAN) | TL380.62 Million | 56.38% | 0.28x | $13.81 Million |
| Ege Gubre Sanayi AS (EGGUB) | $221.76 Million | 20.43% | 1.52x | $140.15 Million |
| GSD Denizcilik Gayrimenkul Insaat Sanayi ve Ticaret AS (GSDDE) | $58.73 Million | 0.00% | 0.19x | $760.13K |
| GSD Holding AS (GSDHO) | $496.87 Million | 9.27% | 5.57x | $73.06 Million |