Tumosan Motor ve Traktor Sanayi AS (TMSN) - Net Assets

Latest as of December 2025: TL14.82 Billion TRY ≈ $331.92 Million USD

Based on the latest financial reports, Tumosan Motor ve Traktor Sanayi AS (TMSN) has net assets worth TL14.82 Billion TRY (≈ $331.92 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 (TL24.46 Billion ≈ $547.90 Million USD) and total liabilities (TL9.64 Billion ≈ $215.99 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 TMSN financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	TL14.82 Billion
% of Total Assets	60.58%
Annual Growth Rate	46.64%
5-Year Change	1376.02%
10-Year Change	4790.11%
Growth Volatility	83.76

Tumosan Motor ve Traktor Sanayi AS - Net Assets Trend (2009–2025)

This chart illustrates how Tumosan Motor ve Traktor Sanayi AS's net assets have evolved over time, based on quarterly financial data. Also explore TMSN total asset value for the complete picture of this company's asset base.

Annual Net Assets for Tumosan Motor ve Traktor Sanayi AS (2009–2025)

The table below shows the annual net assets of Tumosan Motor ve Traktor Sanayi AS from 2009 to 2025. For live valuation and market cap data, see Tumosan Motor ve Traktor Sanayi AS (TMSN) total market value.

Year	Net Assets	Change
2025-12-31	TL14.82 Billion ≈ $331.92 Million	+72.79%
2024-12-31	TL8.58 Billion ≈ $192.09 Million	+22.29%
2023-12-31	TL7.01 Billion ≈ $157.08 Million	+332.41%
2022-12-31	TL1.62 Billion ≈ $36.33 Million	+61.55%
2021-12-31	TL1.00 Billion ≈ $22.49 Million	+21.76%
2020-12-31	TL824.58 Million ≈ $18.47 Million	+12.71%
2019-12-31	TL731.58 Million ≈ $16.39 Million	+82.94%
2018-12-31	TL399.91 Million ≈ $8.96 Million	-5.56%
2017-12-31	TL423.44 Million ≈ $9.48 Million	+39.73%
2016-12-31	TL303.05 Million ≈ $6.79 Million	+15.43%
2015-12-31	TL262.54 Million ≈ $5.88 Million	+15.91%
2014-12-31	TL226.51 Million ≈ $5.07 Million	-3.07%
2013-12-31	TL233.69 Million ≈ $5.23 Million	+17.73%
2012-12-31	TL198.49 Million ≈ $4.45 Million	+39.76%
2011-12-31	TL142.02 Million ≈ $3.18 Million	+191.65%
2010-12-31	TL48.69 Million ≈ $1.09 Million	+50.22%
2009-12-31	TL32.41 Million ≈ $726.01K	--

Equity Component Analysis

This analysis shows how different components contribute to Tumosan Motor ve Traktor Sanayi 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 1048797177500.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	TL10.49 Billion	70.77%
Other Components	TL4.33 Billion	29.23%
Total Equity	TL14.82 Billion	100.00%

Tumosan Motor ve Traktor Sanayi AS Competitors by Market Cap

The table below lists competitors of Tumosan Motor ve Traktor Sanayi AS ranked by their market capitalization.

Company	Market Cap
CviLux Corp TW:8103	$262.56 Million
Advanced Process Systems Corporation KQ:265520	$262.59 Million
Bin Chuan Enterprise Co Ltd TWO:1569	$262.68 Million
Shandong Jining Ruyi Woolen Textile Co Ltd SHE:002193	$262.72 Million
Sampo Corp TW:1604	$262.45 Million
HomeStreet Inc NASDAQ:HMST	$262.43 Million
Bank Rakyat Indonesia Agroniaga JK:AGRO	$262.39 Million
JIUMAOJIU INTL HLDGS LTD F:3YU	$262.38 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Tumosan Motor ve Traktor Sanayi AS's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 8,576,339,325 to 14,819,366,913, a change of 6,243,027,588 (72.8%).
Net income of 4,525,144,877 contributed positively to equity growth.
Other factors increased equity by 1,717,882,711.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	TL4.53 Billion	+30.54%
Other Changes	TL1.72 Billion	+11.59%
Total Change	TL-	72.79%

Book Value vs Market Value Analysis

This analysis compares Tumosan Motor ve Traktor Sanayi 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: 0.79x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 27.67x to 0.79x 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	TL3.68	TL101.90	x
2018-12-31	TL3.48	TL101.90	x
2019-12-31	TL6.36	TL101.90	x
2020-12-31	TL7.17	TL101.90	x
2021-12-31	TL8.73	TL101.90	x
2022-12-31	TL14.10	TL101.90	x
2023-12-31	TL60.99	TL101.90	x
2024-12-31	TL74.58	TL101.90	x
2025-12-31	TL128.86	TL101.90	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Tumosan Motor ve Traktor Sanayi 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): 30.54%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 131.00%
• Asset Turnover: 0.14x
• Equity Multiplier: 1.65x
Recent ROE (30.54%) is above the historical average (10.67%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2012	14.93%	10.16%	0.89x	1.65x	TL9.79 Million
2013	26.56%	13.94%	1.55x	1.23x	TL38.69 Million
2014	10.03%	5.21%	1.38x	1.39x	TL64.80K
2015	12.80%	7.48%	1.27x	1.35x	TL7.34 Million
2016	13.21%	8.00%	1.14x	1.44x	TL9.73 Million
2017	-3.09%	-2.26%	1.00x	1.37x	TL-55.43 Million
2018	-5.56%	-5.34%	0.59x	1.77x	TL-62.22 Million
2019	-4.70%	-9.36%	0.30x	1.67x	TL-107.52 Million
2020	7.15%	7.05%	0.58x	1.76x	TL-23.52 Million
2021	5.04%	4.50%	0.55x	2.02x	TL-49.83 Million
2022	35.60%	15.52%	1.13x	2.04x	TL415.25 Million
2023	13.85%	8.42%	0.94x	1.75x	TL269.69 Million
2024	-6.96%	-6.53%	0.56x	1.90x	TL-1.45 Billion
2025	30.54%	131.00%	0.14x	1.65x	TL3.04 Billion

Industry Comparison

This section compares Tumosan Motor ve Traktor Sanayi AS's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.

Industry Context

Industry: Farm & Heavy Construction Machinery
Average net assets among peers: $157,722,500
Average return on equity (ROE) among peers: 15.83%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Tumosan Motor ve Traktor Sanayi AS (TMSN)	TL14.82 Billion	14.93%	0.65x	$262.46 Million
Katmerciler Arac Ustu Ekipman Sanayi ve Ticaret AS (KATMR)	$29.89 Million	8.27%	2.95x	$138.41 Million
Turk Traktor ve Ziraat Makineleri AS (TTRAK)	$285.55 Million	23.39%	2.37x	$995.11 Million

About Tumosan Motor ve Traktor Sanayi AS

IS:TMSN Turkey Farm & Heavy Construction Machinery

Market Cap

$262.46 Million

TL11.72 Billion TRY

Market Cap Rank

#15495 Global

#166 in Turkey

Share Price

TL101.90

Change (1 day)

+1.19%

52-Week Range

TL82.20 - TL134.00

All Time High

TL191.40