Vbt Yazilim AS (VBTYZ) - Net Assets
Based on the latest financial reports, Vbt Yazilim AS (VBTYZ) has net assets worth TL984.93 Million TRY (≈ $22.06 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL2.14 Billion ≈ $47.87 Million USD) and total liabilities (TL1.15 Billion ≈ $25.81 Million 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 financial resilience of Vbt Yazilim AS to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL984.93 Million |
| % of Total Assets | 46.08% |
| Annual Growth Rate | 86.61% |
| 5-Year Change | 1678.55% |
| 10-Year Change | N/A |
| Growth Volatility | 83.19 |
Vbt Yazilim AS - Net Assets Trend (2018–2024)
This chart illustrates how Vbt Yazilim AS's net assets have evolved over time, based on quarterly financial data. Also explore VBTYZ asset base for the complete picture of this company's asset base.
Annual Net Assets for Vbt Yazilim AS (2018–2024)
The table below shows the annual net assets of Vbt Yazilim AS from 2018 to 2024. For live valuation and market cap data, see VBTYZ market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL767.22 Million ≈ $17.18 Million |
+6.12% |
| 2023-12-31 | TL722.97 Million ≈ $16.19 Million |
+66.86% |
| 2022-12-31 | TL433.29 Million ≈ $9.70 Million |
+210.86% |
| 2021-12-31 | TL139.38 Million ≈ $3.12 Million |
+223.11% |
| 2020-12-31 | TL43.14 Million ≈ $966.16K |
+54.92% |
| 2019-12-31 | TL27.84 Million ≈ $623.66K |
+53.41% |
| 2018-12-31 | TL18.15 Million ≈ $406.53K |
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Equity Component Analysis
This analysis shows how different components contribute to Vbt Yazilim 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 4499.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL378.28 Million | 49.20% |
| Other Components | TL390.63 Million | 50.80% |
| Total Equity | TL768.91 Million | 100.00% |
Vbt Yazilim AS Competitors by Market Cap
The table below lists competitors of Vbt Yazilim AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BEST Inc
NYSE:BEST
|
$56.09 Million |
|
BenQ Medical Technology
TWO:4116
|
$56.09 Million |
|
Cs Holdings
KO:000590
|
$56.10 Million |
|
Endurance Gold Corp
V:EDG
|
$56.11 Million |
|
HeiTech Padu Bhd
KLSE:5028
|
$56.06 Million |
|
Thunderbird Entertainment Group Inc
V:TBRD
|
$56.05 Million |
|
Cho Bi
KO:001550
|
$56.05 Million |
|
JAKS Resources Bhd
KLSE:4723
|
$56.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vbt Yazilim AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 724,543,574 to 768,909,220, a change of 44,365,646 (6.1%).
- Net income of 35,210,700 contributed positively to equity growth.
- Share repurchases of 26,000,000 reduced equity.
- Other factors increased equity by 35,154,946.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL35.21 Million | +4.58% |
| Share Repurchases | TL26.00 Million | -3.38% |
| Other Changes | TL35.15 Million | +4.57% |
| Total Change | TL- | 6.12% |
Book Value vs Market Value Analysis
This analysis compares Vbt Yazilim 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: 3.26x
- 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 30.65x to 3.26x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | TL0.70 | TL21.40 | x |
| 2019-12-31 | TL0.24 | TL21.40 | x |
| 2020-12-31 | TL1.66 | TL21.40 | x |
| 2021-12-31 | TL5.36 | TL21.40 | x |
| 2022-12-31 | TL3.71 | TL21.40 | x |
| 2023-12-31 | TL6.19 | TL21.40 | x |
| 2024-12-31 | TL6.57 | TL21.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vbt Yazilim 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): 4.58%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.53%
- • Asset Turnover: 1.21x
- • Equity Multiplier: 2.49x
- Recent ROE (4.58%) is below the historical average (22.16%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 34.60% | 7.09% | 1.27x | 3.86x | TL4.47 Million |
| 2019 | 34.02% | 9.93% | 1.21x | 2.82x | TL6.69 Million |
| 2020 | 34.96% | 11.60% | 1.04x | 2.89x | TL10.77 Million |
| 2021 | 24.50% | 17.20% | 0.58x | 2.46x | TL20.21 Million |
| 2022 | 2.46% | 0.90% | 0.76x | 3.55x | TL-32.73 Million |
| 2023 | 20.03% | 4.71% | 2.80x | 1.52x | TL72.66 Million |
| 2024 | 4.58% | 1.53% | 1.21x | 2.49x | TL-41.68 Million |
Industry Comparison
This section compares Vbt Yazilim AS's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $934,178,156
- Average return on equity (ROE) among peers: 10.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vbt Yazilim AS (VBTYZ) | TL984.93 Million | 34.60% | 1.17x | $56.08 Million |
| E-Data Teknoloji Pazarlama AS (EDATA) | $889.67 Million | -1.53% | 0.58x | $193.12 Million |
| Escort Teknoloji Yatirim AS (ESCOM) | $1.88 Billion | 21.69% | 0.02x | $86.83 Million |
| Mia Teknoloji AS (MIATK) | $32.07 Million | 11.54% | 0.61x | $442.13 Million |
About Vbt Yazilim AS
VBT Yazilim Anonim Sirketi provides information technology services in Turkey. It also offers payroll, project based, and system management component based outsourcing services; and mainframe, software development, system infrastructure management, mobile, database, web design, security, and network training services; consultancy services; and modernization projects. The company was founded in 19… Read more