Usak Seramik Sanayi AS

IS:USAK Turkey Building Products & Equipment
Market Cap
$79.46 Million
TL2.82 Billion TRY
Market Cap Rank
#21994 Global
#277 in Turkey
Share Price
TL1.65
Change (1 day)
+1.85%
52-Week Range
TL1.56 - TL7.05
All Time High
TL37.74
Categories
Companies in Turkey Building Products & Equipment
About

Usak Seramik Sanayi A.S. engages in the production and sale of ceramics in Turkey, the United States, Germany, Italy, Canada, and internationally. It offers ceramic wall, floor, and granite tiles, kerb, decor, and porcelain, as well as borders products. The company was formerly known as Usak Elektro Porselen Sanayi A.S and changed its name to Usak Seramik Sanayi A.S. in 1986. The company was inco… Read more

Usak Seramik Sanayi AS (USAK) - Net Assets

Latest net assets as of September 2025: TL4.47 Billion TRY

Based on the latest financial reports, Usak Seramik Sanayi AS (USAK) has net assets worth TL4.47 Billion TRY as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL9.71 Billion) and total liabilities (TL5.24 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 TL4.47 Billion
% of Total Assets 46.06%
Annual Growth Rate 29.93%
5-Year Change 761.44%
10-Year Change 3548.57%
Growth Volatility 68.42

Usak Seramik Sanayi AS - Net Assets Trend (2005–2024)

This chart illustrates how Usak Seramik Sanayi 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 Usak Seramik Sanayi AS (2005–2024)

The table below shows the annual net assets of Usak Seramik Sanayi AS from 2005 to 2024.

Year Net Assets Change
2024-12-31 TL3.40 Billion -1.83%
2023-12-31 TL3.47 Billion +302.06%
2022-12-31 TL862.60 Million +21.57%
2021-12-31 TL709.55 Million +79.52%
2020-12-31 TL395.24 Million +62.28%
2019-12-31 TL243.56 Million +36.93%
2018-12-31 TL177.87 Million +44.63%
2017-12-31 TL122.98 Million +2.94%
2016-12-31 TL119.47 Million +28.02%
2015-12-31 TL93.32 Million -0.04%
2014-12-31 TL93.35 Million +2.28%
2013-12-31 TL91.27 Million -4.25%
2012-12-31 TL95.32 Million +45.68%
2011-12-31 TL65.43 Million +50.10%
2010-12-31 TL43.59 Million +7.58%
2009-12-31 TL40.52 Million +91.59%
2008-12-31 TL21.15 Million -8.73%
2007-12-31 TL23.17 Million +6.13%
2006-12-31 TL21.83 Million -7.22%
2005-12-31 TL23.53 Million --

Equity Component Analysis

This analysis shows how different components contribute to Usak Seramik 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 256255.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings TL1.95 Billion 57.22%
Other Components TL1.46 Billion 42.78%
Total Equity TL3.40 Billion 100.00%

Usak Seramik Sanayi AS Competitors by Market Cap

The table below lists competitors of Usak Seramik Sanayi AS ranked by their market capitalization.

Company Market Cap
Deep Noid Inc.
KQ:315640
 		$42.49 Million
Condor Gold Plc
PINK:CNDGF
 		$42.50 Million
Puloon Technology Inc
KQ:094940
 		$42.50 Million
MEDICLIN Aktiengesellschaft
XETRA:MED
 		$42.51 Million
Sunflex Tech Co Ltd
TWO:3390
 		$42.46 Million
Mid-Southern Bancorp Inc
PINK:MSVB
 		$42.45 Million
Daewon Media Co. Ltd
KQ:048910
 		$42.44 Million
0FUW
LSE:0FUW
 		$42.43 Million

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 3,468,172,515 to 3,404,780,846, a change of -63,391,669 (-1.8%).
  • Net loss of 58,205,873 reduced equity.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income TL-58.21 Million -1.71%
Other Changes TL-5.19 Million -0.15%
Total Change TL- -1.83%

Book Value vs Market Value Analysis

This analysis compares Usak Seramik 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: 0.88x
  • 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 1.00x to 0.88x 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 TL1.65 TL1.65 x
2018-12-31 TL2.39 TL1.65 x
2019-12-31 TL1.75 TL1.65 x
2020-12-31 TL1.61 TL1.65 x
2021-12-31 TL2.90 TL1.65 x
2022-12-31 TL3.52 TL1.65 x
2023-12-31 TL1.90 TL1.65 x
2024-12-31 TL1.87 TL1.65 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Usak Seramik 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): -1.71%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -1.78%
  • • Asset Turnover: 0.45x
  • • Equity Multiplier: 2.13x
  • Recent ROE (-1.71%) is below the historical average (5.39%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2005 13.64% 14.18% 0.38x 2.56x TL855.60K
2007 5.78% 2.04% 0.87x 3.27x TL-978.30K
2009 10.83% 5.97% 0.68x 2.68x TL338.00K
2010 2.19% 1.21% 0.60x 3.01x TL-3.40 Million
2011 1.98% 1.40% 0.44x 3.20x TL-5.25 Million
2012 1.05% 0.86% 0.48x 2.54x TL-8.53 Million
2014 2.18% 1.23% 0.60x 2.96x TL-7.30 Million
2015 1.28% 0.64% 0.51x 3.94x TL-8.14 Million
2016 4.18% 2.24% 0.49x 3.83x TL-6.95 Million
2017 4.49% 2.02% 0.54x 4.15x TL-6.78 Million
2018 2.53% 1.43% 0.48x 3.67x TL-13.28 Million
2019 4.37% 2.93% 0.46x 3.24x TL-13.70 Million
2020 1.88% 1.52% 0.52x 2.37x TL-32.09 Million
2021 8.75% 8.63% 0.43x 2.36x TL-8.85 Million
2022 21.16% 10.79% 0.70x 2.82x TL96.29 Million
2023 7.07% 6.46% 0.56x 1.95x TL-101.59 Million
2024 -1.71% -1.78% 0.45x 2.13x TL-398.68 Million

Industry Comparison

This section compares Usak Seramik Sanayi AS's net assets metrics with peer companies in the Building Products & Equipment industry.

Industry Context

  • Industry: Building Products & Equipment
  • Average net assets among peers: $800,447,295
  • Average return on equity (ROE) among peers: 26.71%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Usak Seramik Sanayi AS (USAK) TL4.47 Billion 13.64% 1.17x $42.49 Million
Bien Yapi Urunleri Sanayi Turizm ve Ticaret A.S. (BIENY) $4.85 Billion 11.12% 1.14x $39.57 Million
Cuhadaroglu Metal Sanayi ve Pazarlama AS (CUSAN) $122.11 Million 16.62% 0.45x $8.15 Million
Dogusan Boru Sanayi ve Ticaret AS (DOGUB) $10.07 Million 0.00% 0.24x $28.73 Million
Ege Profil Ticaret ve Sanayi AS (EGPRO) $1.12 Billion 25.78% 2.27x $60.29 Million
Egeplast Ege Plastik Ticaret ve Sanayi AS (EPLAS) $-20.77 Million 0.00% 0.00x $24.82 Million
Europen Endustri Insaat Sanayi ve Ticaret A.S. (EUREN) $468.43 Million 24.48% 1.09x $6.66 Million
Kaleseramik Canakkale Kalebodur Seramik Sanayi A.S. (KLSER) $166.96 Million 44.21% 7.07x $407.62 Million
Papilon Savunma Guvenlik Sistemleri (PAPIL) $40.12 Million 50.17% 0.12x $93.35 Million
Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS (PNLSN) $151.29 Million 43.38% 2.67x $36.73 Million
Qua Granite Hayal Yapi ve Urunleri Sanayi Ticaret AS (QUAGR) $1.10 Billion 51.35% 1.59x $41.84 Million