Vestel Beyaz Esya Sanayi ve Ticaret AS
Vestel Beyaz Esya Sanayi ve Ticaret A.S. engages in the production and sale of white goods in Turkey. The company produces refrigerators, freezers, washing machines, dryers, cooking appliances, dishwashers, air-conditioners, and water heaters. It also exports its products. Vestel Beyaz Esya Sanayi ve Ticaret A.S. was incorporated in 1997 and is headquartered in Istanbul, Turkey. Vestel Beyaz Esya… Read more
Vestel Beyaz Esya Sanayi ve Ticaret AS (VESBE) - Net Assets
Latest net assets as of March 2025: TL36.01 Billion TRY
Based on the latest financial reports, Vestel Beyaz Esya Sanayi ve Ticaret AS (VESBE) has net assets worth TL36.01 Billion TRY as of March 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL78.51 Billion) and total liabilities (TL42.50 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 | TL36.01 Billion |
| % of Total Assets | 45.87% |
| Annual Growth Rate | 31.1% |
| 5-Year Change | 906.75% |
| 10-Year Change | 4638.33% |
| Growth Volatility | 64.18 |
Vestel Beyaz Esya Sanayi ve Ticaret AS - Net Assets Trend (2003–2024)
This chart illustrates how Vestel Beyaz Esya Sanayi ve Ticaret 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 Vestel Beyaz Esya Sanayi ve Ticaret AS (2003–2024)
The table below shows the annual net assets of Vestel Beyaz Esya Sanayi ve Ticaret AS from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL33.84 Billion | +294.64% |
| 2023-12-31 | TL8.58 Billion | +35.71% |
| 2022-12-31 | TL6.32 Billion | +29.16% |
| 2021-12-31 | TL4.89 Billion | +45.54% |
| 2020-12-31 | TL3.36 Billion | +86.12% |
| 2019-12-31 | TL1.81 Billion | -0.30% |
| 2018-12-31 | TL1.81 Billion | +78.99% |
| 2017-12-31 | TL1.01 Billion | +10.02% |
| 2016-12-31 | TL919.93 Million | +28.79% |
| 2015-12-31 | TL714.27 Million | +7.80% |
| 2014-12-31 | TL662.56 Million | +22.51% |
| 2013-12-31 | TL540.80 Million | +10.09% |
| 2012-12-31 | TL491.26 Million | -3.63% |
| 2011-12-31 | TL509.75 Million | -0.44% |
| 2010-12-31 | TL512.01 Million | -13.79% |
| 2009-12-31 | TL593.87 Million | +22.97% |
| 2008-12-31 | TL482.95 Million | -4.26% |
| 2007-12-31 | TL504.46 Million | +10.86% |
| 2006-12-31 | TL455.03 Million | +91.97% |
| 2005-12-31 | TL237.03 Million | +26.51% |
| 2004-12-31 | TL187.37 Million | +63.43% |
| 2003-12-31 | TL114.65 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vestel Beyaz Esya Sanayi ve Ticaret 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 54126.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL12.05 Billion | 35.61% |
| Other Components | TL21.79 Billion | 64.39% |
| Total Equity | TL33.84 Billion | 100.00% |
Vestel Beyaz Esya Sanayi ve Ticaret AS Competitors by Market Cap
The table below lists competitors of Vestel Beyaz Esya Sanayi ve Ticaret AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Catella AB (publ)
ST:CAT-B
|
$75.75 Million |
|
Coda Octopus Group Inc
NASDAQ:CODA
|
$75.75 Million |
|
Interactive Digital Technologies
TWO:6486
|
$75.76 Million |
|
Brockhaus Technologies AG
LSE:0AAW
|
$75.78 Million |
|
Global Lighting Technologies Inc
TW:4935
|
$75.73 Million |
|
Koryx Copper Inc.
OTCQB:KRYXF
|
$75.70 Million |
|
Dongwha Pharm.Co.Ltd
KO:000020
|
$75.69 Million |
|
AAPICO Hitech Public Company Limited
BK:AH
|
$75.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vestel Beyaz Esya Sanayi ve Ticaret AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 21,589,779,000 to 33,844,638,000, a change of 12,254,859,000 (56.8%).
- Net income of 265,828,000 contributed positively to equity growth.
- Dividend payments of 1,366,459,000 reduced retained earnings.
- Other factors increased equity by 13,355,490,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL265.83 Million | +0.79% |
| Dividends Paid | TL1.37 Billion | -4.04% |
| Other Changes | TL13.36 Billion | +39.46% |
| Total Change | TL- | 56.76% |
Book Value vs Market Value Analysis
This analysis compares Vestel Beyaz Esya Sanayi ve Ticaret 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: 0.35x
- 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 1.37x to 0.35x 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 | TL5.33 | TL7.31 | x |
| 2018-12-31 | TL9.53 | TL7.31 | x |
| 2019-12-31 | TL9.51 | TL7.31 | x |
| 2020-12-31 | TL17.69 | TL7.31 | x |
| 2021-12-31 | TL3.06 | TL7.31 | x |
| 2022-12-31 | TL3.95 | TL7.31 | x |
| 2023-12-31 | TL13.49 | TL7.31 | x |
| 2024-12-31 | TL21.15 | TL7.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vestel Beyaz Esya Sanayi ve Ticaret 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): 0.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.35%
- • Asset Turnover: 1.05x
- • Equity Multiplier: 2.11x
- Recent ROE (0.79%) is below the historical average (23.11%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 53.70% | 13.71% | 1.52x | 2.57x | TL50.10 Million |
| 2004 | 38.81% | 9.94% | 1.53x | 2.56x | TL53.98 Million |
| 2005 | 20.95% | 6.13% | 1.38x | 2.48x | TL25.96 Million |
| 2006 | 14.13% | 5.74% | 1.34x | 1.84x | TL18.79 Million |
| 2007 | 14.62% | 6.26% | 1.43x | 1.64x | TL23.30 Million |
| 2008 | 6.21% | 2.38% | 1.48x | 1.76x | TL-18.30 Million |
| 2009 | 19.65% | 9.00% | 1.39x | 1.57x | TL57.33 Million |
| 2010 | 4.93% | 1.77% | 1.47x | 1.89x | TL-25.94 Million |
| 2011 | 3.95% | 1.02% | 1.61x | 2.41x | TL-30.83 Million |
| 2013 | 9.74% | 2.60% | 1.50x | 2.50x | TL-1.39 Million |
| 2014 | 19.80% | 5.61% | 1.51x | 2.34x | TL64.92 Million |
| 2015 | 22.95% | 6.49% | 1.47x | 2.41x | TL92.47 Million |
| 2016 | 35.33% | 10.70% | 1.33x | 2.49x | TL233.01 Million |
| 2017 | 29.17% | 7.65% | 1.27x | 2.99x | TL194.02 Million |
| 2018 | 34.37% | 10.93% | 1.22x | 2.59x | TL441.40 Million |
| 2019 | 31.45% | 8.15% | 1.40x | 2.76x | TL387.45 Million |
| 2020 | 39.60% | 14.15% | 1.14x | 2.45x | TL995.13 Million |
| 2021 | 31.04% | 9.39% | 1.14x | 2.90x | TL1.03 Billion |
| 2022 | 22.54% | 4.54% | 1.23x | 4.04x | TL792.52 Million |
| 2023 | 31.59% | 7.74% | 1.73x | 2.36x | TL4.66 Billion |
| 2024 | 0.79% | 0.35% | 1.05x | 2.11x | TL-3.12 Billion |
Industry Comparison
This section compares Vestel Beyaz Esya Sanayi ve Ticaret AS's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $1,981,786,575
- Average return on equity (ROE) among peers: -13.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vestel Beyaz Esya Sanayi ve Ticaret AS (VESBE) | TL36.01 Billion | 53.70% | 1.18x | $75.74 Million |
| Arcelik AS (ARCLK) | $14.02 Billion | 20.31% | 2.32x | $82.68 Million |
| Doganlar Mobilya Grubu Imalat Sanayi ve Ticaret AS (DGNMO) | $-3.69 Million | 0.00% | 0.00x | $18.93 Million |
| Formet Celik Kapi Sanayi ve Ticaret AS (FORMT) | $228.09 Million | 0.47% | 0.52x | $74.45 Million |
| Gentas Genel Metal Sanayi ve Ticaret AS (GENTS) | $2.53 Billion | 7.53% | 0.50x | $91.35 Million |
| Ihlas Ev Aletleri Imalat Sanayi ve Ticaret AS (IHEVA) | $210.30 Million | 5.93% | 0.32x | $15.22 Million |
| Intema Insaat ve Tesisat Malzemeleri Yatirim ve Pazarlama AS (INTEM) | $9.86 Million | -171.87% | 34.32x | $18.57 Million |
| Isbir Holding AS (ISBIR) | $95.90 Million | 0.00% | 2.90x | $54.56 Million |
| Koleksiyon Mobilya Sanayi AS (KLSYN) | $2.61 Billion | 16.91% | 0.52x | $20.04 Million |
| Kutahya Porselen Sanayi AS (KUTPO) | $73.47 Million | 0.00% | 0.33x | $26.82 Million |
| Silverline Endustri ve Ticaret AS (SILVR) | $42.02 Million | -19.14% | 10.12x | $10.89 Million |