Turkiye Sigorta AS
Türkiye Sigorta A.S. operates as a non-life insurance company in Turkey. It offers auto and non-auto accident, fire, transportation, engineering, health, agriculture, liability, financial losses, credit, and legal protection insurance products. The company was formerly known as Günes Sigorta Anonim Sirketi and changed its name to Türkiye Sigorta A.S. in August 2020. The company was incorporated i… Read more
Turkiye Sigorta AS (TURSG) - Net Assets
Latest net assets as of September 2024: TL23.07 Billion TRY
Based on the latest financial reports, Turkiye Sigorta AS (TURSG) has net assets worth TL23.07 Billion TRY as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL87.82 Billion) and total liabilities (TL64.75 Billion). 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 | TL23.07 Billion |
| % of Total Assets | 26.27% |
| Annual Growth Rate | 32.59% |
| 5-Year Change | 1015.78% |
| 10-Year Change | 5414.1% |
| Growth Volatility | 73.95 |
Turkiye Sigorta AS - Net Assets Trend (2008–2023)
This chart illustrates how Turkiye Sigorta AS's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Turkiye Sigorta AS (2008–2023)
The table below shows the annual net assets of Turkiye Sigorta AS from 2008 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | TL14.40 Billion | +150.32% |
| 2022-12-31 | TL5.75 Billion | +35.11% |
| 2021-12-31 | TL4.26 Billion | +23.04% |
| 2020-12-31 | TL3.46 Billion | +168.15% |
| 2019-12-31 | TL1.29 Billion | +60.81% |
| 2018-12-31 | TL802.28 Million | +18.40% |
| 2017-12-31 | TL677.60 Million | +56.42% |
| 2016-12-31 | TL433.20 Million | +231.34% |
| 2015-12-31 | TL130.74 Million | -49.92% |
| 2014-12-31 | TL261.06 Million | +8.78% |
| 2013-12-31 | TL240.00 Million | -1.06% |
| 2012-12-31 | TL242.57 Million | +1.62% |
| 2011-12-31 | TL238.70 Million | -1.49% |
| 2010-12-31 | TL242.32 Million | +21.65% |
| 2009-12-31 | TL199.19 Million | -4.83% |
| 2008-12-31 | TL209.30 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Turkiye Sigorta 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 74690.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL8.14 Billion | 56.54% |
| Common Stock | TL1.16 Billion | 8.07% |
| Other Comprehensive Income | TL6.00 Billion | 41.71% |
| Total Equity | TL14.40 Billion | 100.00% |
Turkiye Sigorta AS Competitors by Market Cap
The table below lists competitors of Turkiye Sigorta AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Jove Enterprise Co. Ltd.
SHE:300814
|
$743.79 Million |
|
H2O Retailing Corporation
PINK:HTOCF
|
$744.33 Million |
|
Harvia Oyj
PINK:HRVFF
|
$744.34 Million |
|
BKI Investment Company Ltd
AU:BKI
|
$744.43 Million |
|
Monte Rosa Therapeutics Inc
NASDAQ:GLUE
|
$743.29 Million |
|
Center Laboratories
TWO:4123
|
$743.04 Million |
|
Zhangjiagang Guangda Special Material Co Ltd
SHG:688186
|
$742.81 Million |
|
Zhejiang Jiangshan Chemical Co Ltd
SHE:002061
|
$742.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Turkiye Sigorta AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 5,750,746,909 to 14,395,079,548, a change of 8,644,332,639 (150.3%).
- Net income of 6,186,049,487 contributed positively to equity growth.
- Dividend payments of 155,555,555 reduced retained earnings.
- Other comprehensive income increased equity by 2,338,258,550.
- Other factors increased equity by 275,580,157.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL6.19 Billion | +42.97% |
| Dividends Paid | TL155.56 Million | -1.08% |
| Other Comprehensive Income | TL2.34 Billion | +16.24% |
| Other Changes | TL275.58 Million | +1.91% |
| Total Change | TL- | 150.32% |
Book Value vs Market Value Analysis
This analysis compares Turkiye Sigorta 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: 4.85x
- 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 12.03x to 4.85x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | TL1.16 | TL13.95 | x |
| 2009-12-31 | TL1.10 | TL13.95 | x |
| 2010-12-31 | TL1.34 | TL13.95 | x |
| 2011-12-31 | TL1.32 | TL13.95 | x |
| 2012-12-31 | TL0.13 | TL13.95 | x |
| 2013-12-31 | TL0.13 | TL13.95 | x |
| 2014-12-31 | TL0.14 | TL13.95 | x |
| 2015-12-31 | TL0.07 | TL13.95 | x |
| 2016-12-31 | TL0.27 | TL13.95 | x |
| 2017-12-31 | TL2.35 | TL13.95 | x |
| 2018-12-31 | TL3.18 | TL13.95 | x |
| 2019-12-31 | TL1.11 | TL13.95 | x |
| 2020-12-31 | TL2.98 | TL13.95 | x |
| 2021-12-31 | TL0.85 | TL13.95 | x |
| 2022-12-31 | TL1.15 | TL13.95 | x |
| 2023-12-31 | TL2.88 | TL13.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Turkiye Sigorta 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): 42.97%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.44%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 5.30x
- Recent ROE (42.97%) is above the historical average (-1.70%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 5.20% | 19.67% | 0.08x | 3.13x | TL-10.05 Million |
| 2009 | -8.44% | -96.01% | 0.03x | 3.50x | TL-36.73 Million |
| 2010 | -13.39% | -6.44% | 0.64x | 3.23x | TL-56.68 Million |
| 2011 | 11.00% | 6.05% | 0.53x | 3.46x | TL2.39 Million |
| 2012 | -5.19% | -2.31% | 0.59x | 3.82x | TL-36.84 Million |
| 2013 | -21.39% | -7.29% | 0.63x | 4.66x | TL-75.32 Million |
| 2014 | 5.67% | 1.89% | 0.63x | 4.73x | TL-11.31 Million |
| 2015 | -122.28% | -18.22% | 0.64x | 10.41x | TL-172.95 Million |
| 2016 | -11.72% | -5.68% | 0.51x | 4.05x | TL-94.08 Million |
| 2017 | 3.91% | 2.51% | 0.49x | 3.20x | TL-41.27 Million |
| 2018 | 1.36% | 0.86% | 0.48x | 3.25x | TL-69.36 Million |
| 2019 | 9.58% | 8.33% | 0.40x | 2.84x | TL-5.45 Million |
| 2020 | 33.33% | 22.63% | 0.47x | 3.11x | TL807.07 Million |
| 2021 | 25.52% | 20.18% | 0.37x | 3.40x | TL660.63 Million |
| 2022 | 16.74% | 9.26% | 0.38x | 4.79x | TL387.33 Million |
| 2023 | 42.97% | 21.44% | 0.38x | 5.30x | TL4.75 Billion |
Industry Comparison
This section compares Turkiye Sigorta AS's net assets metrics with peer companies in the Insurance - Property & Casualty industry.
No peer company data available for comparison.