Vakif Finansal Kiralama AS
Vakif Finansal Kiralama A.S. engages in the provision of financial leasing services in Turkey. The company was incorporated in 1988 and is headquartered in Istanbul, Turkey. Vakif Finansal Kiralama A.S. is a subsidiary of Türkiye Vakiflar Bankasi Türk Anonim Ortakligi.
Vakif Finansal Kiralama AS (VAKFN) - Net Assets
Latest net assets as of December 2025: TL7.46 Billion TRY
Based on the latest financial reports, Vakif Finansal Kiralama AS (VAKFN) has net assets worth TL7.46 Billion TRY as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL36.28 Billion) and total liabilities (TL28.82 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 | TL7.46 Billion |
| % of Total Assets | 20.55% |
| Annual Growth Rate | -25.18% |
| 5-Year Change | 961.43% |
| 10-Year Change | 4283.19% |
| Growth Volatility | 43.06 |
Vakif Finansal Kiralama AS - Net Assets Trend (2000–2025)
This chart illustrates how Vakif Finansal Kiralama 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 Vakif Finansal Kiralama AS (2000–2025)
The table below shows the annual net assets of Vakif Finansal Kiralama AS from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | TL7.46 Billion | +30.11% |
| 2024-12-31 | TL5.73 Billion | +100.17% |
| 2023-12-31 | TL2.86 Billion | +116.08% |
| 2022-12-31 | TL1.32 Billion | +88.62% |
| 2021-12-31 | TL702.44 Million | +97.78% |
| 2020-12-31 | TL355.16 Million | +25.35% |
| 2019-12-31 | TL283.35 Million | +14.64% |
| 2018-12-31 | TL247.16 Million | +20.48% |
| 2017-12-31 | TL205.14 Million | +20.60% |
| 2016-12-31 | TL170.10 Million | +18.42% |
| 2015-12-31 | TL143.64 Million | +36.84% |
| 2014-12-31 | TL104.97 Million | -3.80% |
| 2013-12-31 | TL109.11 Million | +1.60% |
| 2012-12-31 | TL107.40 Million | +6.96% |
| 2011-12-31 | TL100.41 Million | +16.58% |
| 2010-12-31 | TL86.13 Million | +26.90% |
| 2009-12-31 | TL67.87 Million | +41.13% |
| 2008-12-31 | TL48.09 Million | +45.02% |
| 2007-12-31 | TL33.16 Million | -9.13% |
| 2006-12-31 | TL36.49 Million | +22.46% |
| 2005-12-31 | TL29.80 Million | +44.88% |
| 2004-12-31 | TL20.57 Million | -100.00% |
| 2003-12-31 | TL14.06 Trillion | -24.49% |
| 2002-12-31 | TL18.63 Trillion | +15.56% |
| 2001-12-31 | TL16.12 Trillion | +53.43% |
| 2000-12-31 | TL10.51 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vakif Finansal Kiralama 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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL1.84 Billion | 24.72% |
| Other Components | TL5.61 Billion | 75.28% |
| Total Equity | TL7.46 Billion | 100.00% |
Vakif Finansal Kiralama AS Competitors by Market Cap
The table below lists competitors of Vakif Finansal Kiralama AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Polyplex (Thailand) Public Company Limited
BK:PTL
|
$99.90 Million |
|
ALi Corp
TW:3041
|
$99.91 Million |
|
ONWARD MEDICAL BV EO -12
F:63E
|
$99.94 Million |
|
ALTIUS RENEWABLE ROYALT.
F:7VZ
|
$99.95 Million |
|
Bauer AG
HM:B5A
|
$99.82 Million |
|
Stic Investments Inc
KO:026890
|
$99.82 Million |
|
Aftermath Silver Ltd
OTCQX:AAGFF
|
$99.81 Million |
|
Impact Develop
RO:IMP
|
$99.80 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vakif Finansal Kiralama AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,730,644,000 to 7,455,930,000, a change of 1,725,286,000 (30.1%).
- Net income of 1,529,246,000 contributed positively to equity growth.
- Other factors increased equity by 196,040,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL1.53 Billion | +20.51% |
| Other Changes | TL196.04 Million | +2.63% |
| Total Change | TL- | 30.11% |
Book Value vs Market Value Analysis
This analysis compares Vakif Finansal Kiralama 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: 1.25x
- 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 1.82x to 1.25x 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 | TL1.03 | TL1.87 | x |
| 2018-12-31 | TL1.24 | TL1.87 | x |
| 2019-12-31 | TL1.42 | TL1.87 | x |
| 2020-12-31 | TL1.78 | TL1.87 | x |
| 2021-12-31 | TL0.01 | TL1.87 | x |
| 2022-12-31 | TL2.21 | TL1.87 | x |
| 2023-12-31 | TL2.86 | TL1.87 | x |
| 2024-12-31 | TL1.15 | TL1.87 | x |
| 2025-12-31 | TL1.49 | TL1.87 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vakif Finansal Kiralama 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): 20.51%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.50%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 4.87x
- Recent ROE (20.51%) is above the historical average (17.67%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 14.37% | 38.40% | 0.06x | 6.00x | TL4.38 Million |
| 2012 | 5.03% | 9.83% | 0.07x | 7.52x | TL-5.33 Million |
| 2013 | 1.20% | 1.79% | 0.07x | 9.78x | TL-9.59 Million |
| 2014 | -3.68% | -4.05% | 0.08x | 11.46x | TL-14.35 Million |
| 2015 | 16.47% | 125.02% | 0.01x | 10.49x | TL9.28 Million |
| 2016 | 13.69% | 20.68% | 0.07x | 9.92x | TL6.28 Million |
| 2017 | 16.49% | 23.81% | 0.07x | 10.22x | TL13.31 Million |
| 2018 | 16.18% | 19.55% | 0.07x | 12.49x | TL15.26 Million |
| 2019 | 11.14% | 13.22% | 0.08x | 10.70x | TL3.24 Million |
| 2020 | 16.98% | 22.57% | 0.07x | 10.45x | TL24.80 Million |
| 2021 | 18.23% | 34.71% | 0.06x | 8.96x | TL57.83 Million |
| 2022 | 39.14% | 46.82% | 0.08x | 9.98x | TL386.07 Million |
| 2023 | 50.41% | 37.28% | 0.15x | 9.16x | TL1.16 Billion |
| 2024 | 28.83% | 24.47% | 0.22x | 5.41x | TL1.08 Billion |
| 2025 | 20.51% | 26.50% | 0.16x | 4.87x | TL783.65 Million |
Industry Comparison
This section compares Vakif Finansal Kiralama AS's net assets metrics with peer companies in the Credit Services industry.
Industry Context
- Industry: Credit Services
- Average net assets among peers: $2,081,366,743
- Average return on equity (ROE) among peers: 27.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vakif Finansal Kiralama AS (VAKFN) | TL7.46 Billion | 14.37% | 3.87x | $99.87 Million |
| Creditwest Faktoring AS (CRDFA) | $44.48 Million | 27.35% | 3.24x | $68.02 Million |
| Garanti Faktoring AS (GARFA) | $140.38 Million | 14.61% | 20.30x | $31.82 Million |
| Is Finansal Kiralama AS (ISFIN) | $475.96 Million | 13.38% | 3.40x | $150.05 Million |
| Katilimevim Tasaruf Finansman A.S. (KTLEV) | $12.46 Billion | 69.20% | 2.81x | $2.25 Billion |
| Lider Faktoring AS (LIDFA) | $132.75 Million | 17.00% | 8.77x | $24.05 Million |
| QNB Finans Finansal Kiralama AS (QNBFL) | $1.04 Billion | 13.56% | 6.55x | $7.20 Million |
| Seker Finansal Kiralama AS (SEKFK) | $281.81 Million | 36.32% | 4.38x | $17.92 Million |