Vestel Elektronik Sanayi ve Ticaret AS
Vestel Elektronik Sanayi ve Ticaret Anonim Sirketi, together with its subsidiaries, produces and sells brown and white goods in Turkey, Europe, and internationally. It operates in two segments Consumer and Mobility Electronic, and Household Appliances. The company provides television, headphones, speakers, and tablets; refrigerator, deep freezer, washing machines, drying machines, dishwashers, fr… Read more
Vestel Elektronik Sanayi ve Ticaret AS (VESTL) - Net Assets
Latest net assets as of September 2025: TL46.06 Billion TRY
Based on the latest financial reports, Vestel Elektronik Sanayi ve Ticaret AS (VESTL) has net assets worth TL46.06 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 (TL201.74 Billion) and total liabilities (TL155.67 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 | TL46.06 Billion |
| % of Total Assets | 22.83% |
| Annual Growth Rate | -30.2% |
| 5-Year Change | 605.77% |
| 10-Year Change | 3229.96% |
| Growth Volatility | 53.12 |
Vestel Elektronik Sanayi ve Ticaret AS - Net Assets Trend (2000–2024)
This chart illustrates how Vestel Elektronik 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 Elektronik Sanayi ve Ticaret AS (2000–2024)
The table below shows the annual net assets of Vestel Elektronik Sanayi ve Ticaret AS from 2000 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL52.41 Billion | +28.26% |
| 2023-12-31 | TL40.86 Billion | +209.68% |
| 2022-12-31 | TL13.19 Billion | +27.95% |
| 2021-12-31 | TL10.31 Billion | +38.87% |
| 2020-12-31 | TL7.43 Billion | +96.45% |
| 2019-12-31 | TL3.78 Billion | +13.91% |
| 2018-12-31 | TL3.32 Billion | +45.66% |
| 2017-12-31 | TL2.28 Billion | +23.86% |
| 2016-12-31 | TL1.84 Billion | +16.86% |
| 2015-12-31 | TL1.57 Billion | +14.82% |
| 2014-12-31 | TL1.37 Billion | +1.89% |
| 2013-12-31 | TL1.35 Billion | +0.26% |
| 2012-12-31 | TL1.34 Billion | +18.53% |
| 2011-12-31 | TL1.13 Billion | -0.88% |
| 2010-12-31 | TL1.14 Billion | -2.52% |
| 2009-12-31 | TL1.17 Billion | +27.41% |
| 2008-12-31 | TL919.48 Million | -31.60% |
| 2007-12-31 | TL1.34 Billion | +1.68% |
| 2006-12-31 | TL1.32 Billion | +1.83% |
| 2005-12-31 | TL1.30 Billion | +14.90% |
| 2004-12-31 | TL1.13 Billion | -100.00% |
| 2003-12-31 | TL917.24 Trillion | +16.19% |
| 2002-12-31 | TL789.41 Trillion | +39.43% |
| 2001-12-31 | TL566.15 Trillion | +93.24% |
| 2000-12-31 | TL292.98 Trillion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Vestel Elektronik 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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL3.03 Billion | 6.78% |
| Other Components | TL41.70 Billion | 93.22% |
| Total Equity | TL44.73 Billion | 100.00% |
Vestel Elektronik Sanayi ve Ticaret AS Competitors by Market Cap
The table below lists competitors of Vestel Elektronik Sanayi ve Ticaret AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Is Gayrimenkul Yatirim Ortakligi AS
IS:ISGYO
|
$271.40 Million |
|
Tivan Ltd
AU:TVN
|
$271.44 Million |
|
Wuxi Xinhongtai ElecTech
SHG:603016
|
$271.45 Million |
|
init innovation in traffic systems SE
F:IXX
|
$271.67 Million |
|
Changzhou Architectural Research Institute Group Co. Ltd. A
SHE:301115
|
$271.28 Million |
|
Capital A Berhad
KLSE:5099
|
$271.26 Million |
|
Guangdong Failong Crystal Technology Co Ltd
SHE:300460
|
$271.25 Million |
|
Sejin Heavy Industries Co Ltd
KO:075580
|
$271.25 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vestel Elektronik Sanayi ve Ticaret AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 36,044,256,000 to 44,734,592,000, a change of 8,690,336,000 (24.1%).
- Net loss of 11,020,692,000 reduced equity.
- Dividend payments of 309,776,000 reduced retained earnings.
- Other factors increased equity by 20,020,804,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL-11.02 Billion | -24.64% |
| Dividends Paid | TL309.78 Million | -0.69% |
| Other Changes | TL20.02 Billion | +44.75% |
| Total Change | TL- | 24.11% |
Book Value vs Market Value Analysis
This analysis compares Vestel Elektronik 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: 0.22x
- 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 4.37x to 0.22x 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 | TL6.57 | TL28.70 | x |
| 2018-12-31 | TL9.63 | TL28.70 | x |
| 2019-12-31 | TL11.00 | TL28.70 | x |
| 2020-12-31 | TL21.08 | TL28.70 | x |
| 2021-12-31 | TL28.15 | TL28.70 | x |
| 2022-12-31 | TL35.68 | TL28.70 | x |
| 2023-12-31 | TL107.45 | TL28.70 | x |
| 2024-12-31 | TL133.35 | TL28.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vestel Elektronik 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): -24.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.72%
- • Asset Turnover: 0.82x
- • Equity Multiplier: 3.90x
- Recent ROE (-24.64%) is below the historical average (6.49%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 12.01% | 4.61% | 1.15x | 2.26x | TL5.88 Trillion |
| 2001 | 6.39% | 2.24% | 1.13x | 2.53x | TL-20.37 Trillion |
| 2002 | 5.18% | 1.76% | 1.05x | 2.80x | TL-38.02 Trillion |
| 2003 | 8.00% | 2.21% | 1.09x | 3.32x | TL-17.22 Trillion |
| 2004 | 8.12% | 1.89% | 1.19x | 3.60x | TL-19.26 Million |
| 2005 | 7.32% | 1.87% | 1.01x | 3.86x | TL-30.46 Million |
| 2006 | 0.17% | 0.04% | 1.09x | 4.01x | TL-117.17 Million |
| 2007 | 1.22% | 0.32% | 1.07x | 3.61x | TL-105.49 Million |
| 2009 | 7.16% | 1.55% | 1.21x | 3.82x | TL-28.65 Million |
| 2010 | 3.84% | 0.73% | 1.32x | 4.00x | TL-61.58 Million |
| 2014 | 7.34% | 1.25% | 1.06x | 5.52x | TL-35.24 Million |
| 2015 | 3.91% | 0.64% | 0.99x | 6.12x | TL-92.83 Million |
| 2016 | 9.43% | 1.76% | 0.99x | 5.42x | TL-10.20 Million |
| 2017 | 2.50% | 0.46% | 0.87x | 6.28x | TL-165.42 Million |
| 2018 | 11.49% | 2.34% | 0.88x | 5.56x | TL48.24 Million |
| 2019 | 8.78% | 1.89% | 0.88x | 5.27x | TL-45.02 Million |
| 2020 | 25.07% | 8.23% | 0.80x | 3.83x | TL1.07 Billion |
| 2021 | 20.08% | 5.83% | 0.75x | 4.56x | TL951.30 Million |
| 2022 | 7.16% | 1.47% | 0.93x | 5.25x | TL-340.17 Million |
| 2023 | 5.81% | 1.29% | 1.29x | 3.47x | TL-1.51 Billion |
| 2024 | -24.64% | -7.72% | 0.82x | 3.90x | TL-15.49 Billion |
Industry Comparison
This section compares Vestel Elektronik 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: $662,998,968
- Average return on equity (ROE) among peers: -49.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vestel Elektronik Sanayi ve Ticaret AS (VESTL) | TL46.06 Billion | 12.01% | 3.38x | $271.34 Million |
| Arcelik AS (ARCLK) | $4.68 Billion | 19.06% | 1.94x | $83.99 Million |
| Doganlar Mobilya Grubu Imalat Sanayi ve Ticaret AS (DGNMO) | $11.99 Million | -544.33% | 63.84x | $19.03 Million |
| Formet Celik Kapi Sanayi ve Ticaret AS (FORMT) | $421.73 Million | -1.06% | 0.67x | $71.84 Million |
| Gentas Genel Metal Sanayi ve Ticaret AS (GENTS) | $174.44 Million | 12.07% | 0.16x | $93.83 Million |
| Ihlas Ev Aletleri Imalat Sanayi ve Ticaret AS (IHEVA) | $726.05 Million | 31.14% | 0.26x | $15.15 Million |
| Intema Insaat ve Tesisat Malzemeleri Yatirim ve Pazarlama AS (INTEM) | $28.97 Million | 0.00% | 5.71x | $18.67 Million |
| Isbir Holding AS (ISBIR) | $95.90 Million | 0.00% | 2.90x | $55.50 Million |
| Koleksiyon Mobilya Sanayi AS (KLSYN) | $374.91 Million | 0.03% | 1.19x | $20.21 Million |
| Kutahya Porselen Sanayi AS (KUTPO) | $77.43 Million | 0.00% | 0.30x | $26.97 Million |
| Silverline Endustri ve Ticaret AS (SILVR) | $42.73 Million | -14.91% | 3.60x | $10.85 Million |