Verusa Holding AS (VERUS) - Net Assets
Based on the latest financial reports, Verusa Holding AS (VERUS) has net assets worth TL7.63 Billion TRY (≈ $171.00 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 (TL8.81 Billion ≈ $197.42 Million USD) and total liabilities (TL1.18 Billion ≈ $26.43 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 Verusa Holding AS tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL7.63 Billion |
| % of Total Assets | 86.61% |
| Annual Growth Rate | 78.17% |
| 5-Year Change | 801.09% |
| 10-Year Change | 2405.55% |
| Growth Volatility | 178.86 |
Verusa Holding AS - Net Assets Trend (2010–2024)
This chart illustrates how Verusa Holding AS's net assets have evolved over time, based on quarterly financial data. See VERUS days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Verusa Holding AS (2010–2024)
The table below shows the annual net assets of Verusa Holding AS from 2010 to 2024. For live valuation and market cap data, see Verusa Holding AS (VERUS) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL5.37 Billion ≈ $120.37 Million |
+2.96% |
| 2023-12-31 | TL5.22 Billion ≈ $116.91 Million |
+169.52% |
| 2022-12-31 | TL1.94 Billion ≈ $43.38 Million |
+58.59% |
| 2021-12-31 | TL1.22 Billion ≈ $27.35 Million |
+104.76% |
| 2020-12-31 | TL596.42 Million ≈ $13.36 Million |
+47.01% |
| 2019-12-31 | TL405.69 Million ≈ $9.09 Million |
+24.69% |
| 2018-12-31 | TL325.36 Million ≈ $7.29 Million |
+22.44% |
| 2017-12-31 | TL265.73 Million ≈ $5.95 Million |
+11.04% |
| 2016-12-31 | TL239.32 Million ≈ $5.36 Million |
+11.57% |
| 2015-12-31 | TL214.49 Million ≈ $4.80 Million |
+68.08% |
| 2014-12-31 | TL127.62 Million ≈ $2.86 Million |
+5.73% |
| 2013-12-31 | TL120.70 Million ≈ $2.70 Million |
+129.87% |
| 2012-12-31 | TL52.51 Million ≈ $1.18 Million |
+298.79% |
| 2011-12-31 | TL13.17 Million ≈ $294.91K |
+696.55% |
| 2010-12-31 | TL1.65 Million ≈ $37.02K |
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Equity Component Analysis
This analysis shows how different components contribute to Verusa Holding 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 337277231600.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL3.37 Billion | 88.37% |
| Other Components | TL443.71 Million | 11.63% |
| Total Equity | TL3.82 Billion | 100.00% |
Verusa Holding AS Competitors by Market Cap
The table below lists competitors of Verusa Holding AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiaxing ZMAX Optech Co. Ltd. A
SHG:688307
|
$981.82 Million |
|
Weihai Honglin Electronic Co. Ltd. A
SHE:301439
|
$982.18 Million |
|
ZKTECO Co. Ltd. A
SHE:301330
|
$982.21 Million |
|
Panca Anugrah Wisesa Tbk PT
JK:MGLV
|
$982.24 Million |
|
CONMED Corporation
NYSE:CNMD
|
$980.96 Million |
|
Alphamin Resources Corp
F:21L
|
$980.92 Million |
|
Cathay Real Estate Development Co Ltd
TW:2501
|
$980.90 Million |
|
EUREKA FORBES LTD
NSE:EUREKAFORB
|
$980.88 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Verusa Holding AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,623,512,176 to 3,816,481,785, a change of 192,969,609 (5.3%).
- Net income of 445,951,043 contributed positively to equity growth.
- Dividend payments of 31,044,795 reduced retained earnings.
- Share repurchases of 139,025,425 reduced equity.
- Other factors decreased equity by 82,911,214.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL445.95 Million | +11.68% |
| Dividends Paid | TL31.04 Million | -0.81% |
| Share Repurchases | TL139.03 Million | -3.64% |
| Other Changes | TL-82.91 Million | -2.17% |
| Total Change | TL- | 5.33% |
Book Value vs Market Value Analysis
This analysis compares Verusa Holding 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: 11.48x
- 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 216.31x to 11.48x 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 | TL2.89 | TL626.00 | x |
| 2018-12-31 | TL3.61 | TL626.00 | x |
| 2019-12-31 | TL4.65 | TL626.00 | x |
| 2020-12-31 | TL6.96 | TL626.00 | x |
| 2021-12-31 | TL13.18 | TL626.00 | x |
| 2022-12-31 | TL20.05 | TL626.00 | x |
| 2023-12-31 | TL51.76 | TL626.00 | x |
| 2024-12-31 | TL54.52 | TL626.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Verusa Holding 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): 11.68%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 39.92%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 1.53x
- Recent ROE (11.68%) is below the historical average (17.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 8.10% | 22.48% | 0.31x | 1.18x | TL-2.24 Million |
| 2014 | 7.37% | 19.39% | 0.34x | 1.13x | TL-3.29 Million |
| 2015 | 26.83% | 51.56% | 0.36x | 1.46x | TL29.17 Million |
| 2016 | 19.39% | 39.74% | 0.32x | 1.51x | TL18.88 Million |
| 2017 | 7.17% | 16.19% | 0.26x | 1.69x | TL-5.71 Million |
| 2018 | 17.40% | 45.25% | 0.24x | 1.60x | TL18.60 Million |
| 2019 | 19.12% | 71.32% | 0.18x | 1.51x | TL29.69 Million |
| 2020 | 28.94% | 221.82% | 0.08x | 1.54x | TL92.25 Million |
| 2021 | 20.92% | 158.05% | 0.09x | 1.45x | TL100.75 Million |
| 2022 | 35.10% | 137.61% | 0.15x | 1.69x | TL352.34 Million |
| 2023 | 11.09% | 45.27% | 0.15x | 1.62x | TL39.34 Million |
| 2024 | 11.68% | 39.92% | 0.19x | 1.53x | TL64.30 Million |
Industry Comparison
This section compares Verusa Holding AS's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $1,281,458,402
- Average return on equity (ROE) among peers: 2.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Verusa Holding AS (VERUS) | TL7.63 Billion | 8.10% | 0.15x | $981.45 Million |
| Dinamik Isi Makina Yalitim Malzemeleri Sanayi ve Ticaret AS (DNISI) | $1.09 Billion | 2.02% | 0.39x | $60.82 Million |
| DYO Boya Fabrikalari Sanayi ve Ticaret AS (DYOBY) | $38.86 Million | 0.00% | 5.86x | $100.79 Million |
| Gediz Ambalaj Sanayi ve Ticaret AS (GEDZA) | $40.08 Million | 6.81% | 0.25x | $34.07 Million |
| Kalekim Kimyevi Maddeler Sanayi & Ticaret AS (KLKIM) | $5.99 Billion | 20.29% | 0.44x | $324.33 Million |
| Kimteks Poliuretan Sanayi ve Ticaret AS (KMPUR) | $2.64 Billion | -51.88% | 2.68x | $230.42 Million |
| Koza Polyester Sanayi ve Ticaret A.S. (KOPOL) | $266.09 Million | 3.66% | 2.42x | $190.56 Million |
| Mega Polietilen Kopuk Sanayi ve Ticaret AS (MEGAP) | $10.75 Million | 2.89% | 0.27x | $14.04 Million |
| Mercan Kimya Sanayi ve Ticaret AS (MERCN) | $1.31 Billion | 6.71% | 0.77x | $115.81 Million |
| Marshall Boya ve Vernik Sanayi AS (MRSHL) | $110.71 Million | 0.00% | 0.70x | $395.22 Million |
| Polisan Holding AS (POLHO) | $1.31 Billion | 36.00% | 0.30x | $353.36 Million |
About Verusa Holding AS
Verusa Holding A.S. is a private equity and venture capital firm specializing in recapitalizations, growth capital, restructuring, growth equity, growth stage, and Pre-Initial Public Offering companies. The firm invests in middle market; later stage; mature; turnaround; emerging growth; seed/startup; and early, mid and late venture companies. It typically invests in communication services, inform… Read more