Turkiye Sigorta AS (TURSG) - Net Assets

Latest as of September 2024: TL23.07 Billion TRY ≈ $516.71 Million USD

Based on the latest financial reports, Turkiye Sigorta AS (TURSG) has net assets worth TL23.07 Billion TRY (≈ $516.71 Million USD) 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 ≈ $1.97 Billion USD) and total liabilities (TL64.75 Billion ≈ $1.45 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 Turkiye Sigorta AS liquidity resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore how large is Turkiye Sigorta AS's balance sheet for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Turkiye Sigorta AS (TURSG) total market value.

Year	Net Assets	Change
2023-12-31	TL14.40 Billion ≈ $322.41 Million	+150.32%
2022-12-31	TL5.75 Billion ≈ $128.80 Million	+35.11%
2021-12-31	TL4.26 Billion ≈ $95.33 Million	+23.04%
2020-12-31	TL3.46 Billion ≈ $77.48 Million	+168.15%
2019-12-31	TL1.29 Billion ≈ $28.90 Million	+60.81%
2018-12-31	TL802.28 Million ≈ $17.97 Million	+18.40%
2017-12-31	TL677.60 Million ≈ $15.18 Million	+56.42%
2016-12-31	TL433.20 Million ≈ $9.70 Million	+231.34%
2015-12-31	TL130.74 Million ≈ $2.93 Million	-49.92%
2014-12-31	TL261.06 Million ≈ $5.85 Million	+8.78%
2013-12-31	TL240.00 Million ≈ $5.38 Million	-1.06%
2012-12-31	TL242.57 Million ≈ $5.43 Million	+1.62%
2011-12-31	TL238.70 Million ≈ $5.35 Million	-1.49%
2010-12-31	TL242.32 Million ≈ $5.43 Million	+21.65%
2009-12-31	TL199.19 Million ≈ $4.46 Million	-4.83%
2008-12-31	TL209.30 Million ≈ $4.69 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
Jumbo S.A. AT:BELA	$3.15 Billion
United States Lime & Minerals Inc NASDAQ:USLM	$3.15 Billion
TOMRA SYSTEMS ADR/1 NK 1 F:TMR0	$3.15 Billion
Companhia Energética de Minas Gerais - CEMIG SA:CMIG3	$3.16 Billion
NBTM New Materials Group Co Ltd SHG:600114	$3.15 Billion
Shufersal TA:SAE	$3.15 Billion
Sinopharm Group Co. Ltd F:X2S	$3.15 Billion
Catalyst Pharmaceuticals Inc NASDAQ:CPRX	$3.15 Billion

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: 4.88x
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 12.13x to 4.88x 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	TL14.06	x
2009-12-31	TL1.10	TL14.06	x
2010-12-31	TL1.34	TL14.06	x
2011-12-31	TL1.32	TL14.06	x
2012-12-31	TL0.13	TL14.06	x
2013-12-31	TL0.13	TL14.06	x
2014-12-31	TL0.14	TL14.06	x
2015-12-31	TL0.07	TL14.06	x
2016-12-31	TL0.27	TL14.06	x
2017-12-31	TL2.35	TL14.06	x
2018-12-31	TL3.18	TL14.06	x
2019-12-31	TL1.11	TL14.06	x
2020-12-31	TL2.98	TL14.06	x
2021-12-31	TL0.85	TL14.06	x
2022-12-31	TL1.15	TL14.06	x
2023-12-31	TL2.88	TL14.06	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.

About Turkiye Sigorta AS

IS:TURSG Turkey Insurance - Property & Casualty

Market Cap

$3.15 Billion

TL140.60 Billion TRY

Market Cap Rank

#4787 Global

#29 in Turkey

Share Price

TL14.06

Change (1 day)

+2.78%

52-Week Range

TL7.73 - TL17.59

All Time High

TL19.59