Vestel Elektronik Sanayi ve Ticaret AS (VESTL) - Net Assets

Latest as of September 2025: TL46.06 Billion TRY ≈ $1.03 Billion USD

Based on the latest financial reports, Vestel Elektronik Sanayi ve Ticaret AS (VESTL) has net assets worth TL46.06 Billion TRY (≈ $1.03 Billion USD) 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 ≈ $4.52 Billion USD) and total liabilities (TL155.67 Billion ≈ $3.49 Billion 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 VESTL tangible net assets ratio to evaluate the tangible quality of the company's equity base.

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. See VESTL days of operational coverage to measure how many days the company can operate on defensive assets alone.

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. For live valuation and market cap data, see Vestel Elektronik Sanayi ve Ticaret AS market cap and net worth.

Year	Net Assets	Change
2024-12-31	TL52.41 Billion ≈ $1.17 Billion	+28.26%
2023-12-31	TL40.86 Billion ≈ $915.16 Million	+209.68%
2022-12-31	TL13.19 Billion ≈ $295.52 Million	+27.95%
2021-12-31	TL10.31 Billion ≈ $230.95 Million	+38.87%
2020-12-31	TL7.43 Billion ≈ $166.31 Million	+96.45%
2019-12-31	TL3.78 Billion ≈ $84.66 Million	+13.91%
2018-12-31	TL3.32 Billion ≈ $74.32 Million	+45.66%
2017-12-31	TL2.28 Billion ≈ $51.02 Million	+23.86%
2016-12-31	TL1.84 Billion ≈ $41.19 Million	+16.86%
2015-12-31	TL1.57 Billion ≈ $35.25 Million	+14.82%
2014-12-31	TL1.37 Billion ≈ $30.70 Million	+1.89%
2013-12-31	TL1.35 Billion ≈ $30.13 Million	+0.26%
2012-12-31	TL1.34 Billion ≈ $30.05 Million	+18.53%
2011-12-31	TL1.13 Billion ≈ $25.35 Million	-0.88%
2010-12-31	TL1.14 Billion ≈ $25.58 Million	-2.52%
2009-12-31	TL1.17 Billion ≈ $26.24 Million	+27.41%
2008-12-31	TL919.48 Million ≈ $20.59 Million	-31.60%
2007-12-31	TL1.34 Billion ≈ $30.11 Million	+1.68%
2006-12-31	TL1.32 Billion ≈ $29.61 Million	+1.83%
2005-12-31	TL1.30 Billion ≈ $29.08 Million	+14.90%
2004-12-31	TL1.13 Billion ≈ $25.31 Million	-100.00%
2003-12-31	TL917.24 Trillion ≈ $20.54 Trillion	+16.19%
2002-12-31	TL789.41 Trillion ≈ $17.68 Trillion	+39.43%
2001-12-31	TL566.15 Trillion ≈ $12.68 Trillion	+93.24%
2000-12-31	TL292.98 Trillion ≈ $6.56 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
Proficient Auto Logistics, Inc. Common Stock NASDAQ:PAL	$182.60 Million
Duos Technologies Group Inc NASDAQ:DUOT	$182.66 Million
Kolmar Holding KO:024720	$182.68 Million
Shih Wei Navigation Co Ltd TW:5608	$182.74 Million
Sriracha Construction Public Company Limited BK:SRICHA	$182.55 Million
Profile Systems & Software SA AT:PROF	$182.51 Million
Barings Participation Investors (the Trust) NYSE:MPV	$182.50 Million
Helix Acquisition Corp. II Class A Ordinary Shares NASDAQ:HLXB	$182.47 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: 0.18x
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 3.70x to 0.18x 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	TL24.30	x
2018-12-31	TL9.63	TL24.30	x
2019-12-31	TL11.00	TL24.30	x
2020-12-31	TL21.08	TL24.30	x
2021-12-31	TL28.15	TL24.30	x
2022-12-31	TL35.68	TL24.30	x
2023-12-31	TL107.45	TL24.30	x
2024-12-31	TL133.35	TL24.30	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: $8,380,182,206
Average return on equity (ROE) among peers: 3.54%

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	$182.57 Million
Arcelik AS (ARCLK)	$75.91 Billion	-11.01%	6.16x	$1.52 Billion
Doganlar Mobilya Grubu Imalat Sanayi ve Ticaret AS (DGNMO)	$3.19 Billion	-14.20%	2.08x	$74.05 Million
Formet Celik Kapi Sanayi ve Ticaret AS (FORMT)	$1.33 Billion	-9.85%	0.43x	$53.27 Million
Gentas Genel Metal Sanayi ve Ticaret AS (GENTS)	$701.36 Million	33.14%	0.83x	$116.41 Million
Ihlas Ev Aletleri Imalat Sanayi ve Ticaret AS (IHEVA)	$191.30 Million	5.92%	0.28x	$16.49 Million
Intema Insaat ve Tesisat Malzemeleri Yatirim ve Pazarlama AS (INTEM)	$23.45 Million	6.49%	8.02x	$113.32 Million
Isbir Holding AS (ISBIR)	$202.91 Million	7.59%	2.42x	$53.21 Million
Koleksiyon Mobilya Sanayi AS (KLSYN)	$720.38 Million	13.98%	0.79x	$126.87 Million
Kutahya Porselen Sanayi AS (KUTPO)	$112.39 Million	0.00%	0.19x	$81.45 Million
Silverline Endustri ve Ticaret AS (SILVR)	$1.42 Billion	3.30%	0.57x	$20.30 Million

About Vestel Elektronik Sanayi ve Ticaret AS

IS:VESTL Turkey Furnishings, Fixtures & Appliances

Market Cap

$182.57 Million

TL8.15 Billion TRY

Market Cap Rank

#16987 Global

#221 in Turkey

Share Price

TL24.30

Change (1 day)

-4.71%

52-Week Range

TL24.14 - TL43.08

All Time High

TL103.00