Turk Telekomunikasyon AS (TTKOM) - Net Assets

Latest as of December 2025: TL212.44 Billion TRY ≈ $4.76 Billion USD

Based on the latest financial reports, Turk Telekomunikasyon AS (TTKOM) has net assets worth TL212.44 Billion TRY (≈ $4.76 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL426.66 Billion ≈ $9.56 Billion USD) and total liabilities (TL214.22 Billion ≈ $4.80 Billion 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 Turk Telekomunikasyon AS (TTKOM) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	TL212.44 Billion
% of Total Assets	49.79%
Annual Growth Rate	21.74%
5-Year Change	1390.8%
10-Year Change	6172.83%
Growth Volatility	139.14

Turk Telekomunikasyon AS - Net Assets Trend (2007–2025)

This chart illustrates how Turk Telekomunikasyon AS's net assets have evolved over time, based on quarterly financial data. Also explore Turk Telekomunikasyon AS assets under control for the complete picture of this company's asset base.

Annual Net Assets for Turk Telekomunikasyon AS (2007–2025)

The table below shows the annual net assets of Turk Telekomunikasyon AS from 2007 to 2025. For live valuation and market cap data, see TTKOM stock market capitalisation.

Year	Net Assets	Change
2025-12-31	TL212.44 Billion ≈ $4.76 Billion	+45.41%
2024-12-31	TL146.09 Billion ≈ $3.27 Billion	+2.95%
2023-12-31	TL141.91 Billion ≈ $3.18 Billion	+610.61%
2022-12-31	TL19.97 Billion ≈ $447.28 Million	+40.14%
2021-12-31	TL14.25 Billion ≈ $319.16 Million	+18.38%
2020-12-31	TL12.04 Billion ≈ $269.61 Million	+27.48%
2019-12-31	TL9.44 Billion ≈ $211.50 Million	+26.69%
2018-12-31	TL7.45 Billion ≈ $166.94 Million	+63.63%
2017-12-31	TL4.56 Billion ≈ $102.02 Million	+34.50%
2016-12-31	TL3.39 Billion ≈ $75.85 Million	-32.18%
2015-12-31	TL4.99 Billion ≈ $111.84 Million	-20.78%
2014-12-31	TL6.30 Billion ≈ $141.18 Million	+18.31%
2013-12-31	TL5.33 Billion ≈ $119.32 Million	-17.47%
2012-12-31	TL6.46 Billion ≈ $144.58 Million	+11.89%
2011-12-31	TL5.77 Billion ≈ $129.22 Million	-6.57%
2010-12-31	TL6.17 Billion ≈ $138.30 Million	+13.88%
2009-12-31	TL5.42 Billion ≈ $121.44 Million	+6.03%
2008-12-31	TL5.11 Billion ≈ $114.53 Million	-16.98%
2007-12-31	TL6.16 Billion ≈ $137.96 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Turk Telekomunikasyon 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 2959.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	TL112.77 Billion	53.09%
Other Components	TL99.66 Billion	46.91%
Total Equity	TL212.44 Billion	100.00%

Turk Telekomunikasyon AS Competitors by Market Cap

The table below lists competitors of Turk Telekomunikasyon AS ranked by their market capitalization.

Company	Market Cap
Inner Mongolia Yuan Xing Energy Co Ltd SHE:000683	$4.87 Billion
Guizhou Space Appliance Co Ltd SHE:002025	$4.88 Billion
Luzerner Kantonalbank AG SW:LUKN	$4.88 Billion
Seazen Holdings Co Ltd SHG:601155	$4.88 Billion
PERSIMMON UNSPON. ADR 2 F:OHP0	$4.87 Billion
DELEK GP SP.ADR/1/01/O.N F:6D40	$4.87 Billion
Dairy Farm International Holdings Limited F:DFA1	$4.87 Billion
Red Avenue New Materials Group Co Ltd SHG:603650	$4.86 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Turk Telekomunikasyon AS's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 146,091,573,000 to 212,437,099,000, a change of 66,345,526,000 (45.4%).
Net income of 22,980,532,000 contributed positively to equity growth.
Other factors increased equity by 43,364,994,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	TL22.98 Billion	+10.82%
Other Changes	TL43.36 Billion	+20.41%
Total Change	TL-	45.41%

Book Value vs Market Value Analysis

This analysis compares Turk Telekomunikasyon 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 47.75x 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	TL1.30	TL62.15	x
2018-12-31	TL2.13	TL62.15	x
2019-12-31	TL2.70	TL62.15	x
2020-12-31	TL3.44	TL62.15	x
2021-12-31	TL4.07	TL62.15	x
2022-12-31	TL5.71	TL62.15	x
2023-12-31	TL40.55	TL62.15	x
2024-12-31	TL41.74	TL62.15	x
2025-12-31	TL60.70	TL62.15	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Turk Telekomunikasyon 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): 10.82%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 9.49%
• Asset Turnover: 0.57x
• Equity Multiplier: 2.01x
Recent ROE (10.82%) is below the historical average (22.80%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2007	41.35%	27.03%	0.74x	2.07x	TL1.93 Billion
2008	34.27%	17.19%	0.81x	2.48x	TL1.24 Billion
2009	33.78%	17.33%	0.79x	2.47x	TL1.29 Billion
2010	39.69%	22.58%	0.72x	2.45x	TL1.83 Billion
2011	35.86%	17.32%	0.74x	2.80x	TL1.49 Billion
2012	40.85%	20.75%	0.74x	2.67x	TL1.99 Billion
2013	24.46%	9.88%	0.72x	3.42x	TL770.28 Million
2014	31.85%	14.76%	0.68x	3.15x	TL1.38 Billion
2015	18.17%	6.25%	0.56x	5.16x	TL408.11 Million
2016	-21.39%	-4.50%	0.60x	7.94x	TL-1.06 Billion
2017	24.93%	6.26%	0.62x	6.40x	TL680.02 Million
2018	-18.67%	-6.81%	0.56x	4.86x	TL-2.14 Billion
2019	25.49%	10.17%	0.59x	4.23x	TL1.46 Billion
2020	26.40%	11.23%	0.63x	3.72x	TL1.97 Billion
2021	40.43%	16.81%	0.59x	4.09x	TL4.34 Billion
2022	20.70%	8.61%	0.60x	4.04x	TL2.14 Billion
2023	16.71%	16.39%	0.51x	1.98x	TL9.52 Billion
2024	7.58%	5.23%	0.78x	1.85x	TL-3.54 Billion
2025	10.82%	9.49%	0.57x	2.01x	TL1.74 Billion

Industry Comparison

This section compares Turk Telekomunikasyon AS's net assets metrics with peer companies in the Telecom Services industry.

Industry Context

Industry: Telecom Services
Average net assets among peers: $1,294,819,000
Average return on equity (ROE) among peers: 17.60%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Turk Telekomunikasyon AS (TTKOM)	TL212.44 Billion	41.35%	1.01x	$4.87 Billion
Turkcell Iletisim Hizmetleri AS ORD (TCELL)	$1.29 Billion	17.60%	2.00x	$5.47 Billion

About Turk Telekomunikasyon AS

IS:TTKOM Turkey Telecom Services

Market Cap

$4.87 Billion

TL217.53 Billion TRY

Market Cap Rank

#3654 Global

#19 in Turkey

Share Price

TL62.15

Change (1 day)

-0.96%

52-Week Range

TL48.12 - TL72.90

All Time High

TL72.90