Zorlu Enerji Elektrik Uretim AS (ZOREN) - Net Assets

Latest as of September 2025: TL70.70 Billion TRY ≈ $1.58 Billion USD

Based on the latest financial reports, Zorlu Enerji Elektrik Uretim AS (ZOREN) has net assets worth TL70.70 Billion TRY (≈ $1.58 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 (TL144.68 Billion ≈ $3.24 Billion USD) and total liabilities (TL73.98 Billion ≈ $1.66 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 ZOREN financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	TL70.70 Billion
% of Total Assets	48.86%
Annual Growth Rate	-33.02%
5-Year Change	2452.98%
10-Year Change	7691.24%
Growth Volatility	104.1

Zorlu Enerji Elektrik Uretim AS - Net Assets Trend (2003–2024)

This chart illustrates how Zorlu Enerji Elektrik Uretim AS's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Zorlu Enerji Elektrik Uretim AS for the complete picture of this company's asset base.

Annual Net Assets for Zorlu Enerji Elektrik Uretim AS (2003–2024)

The table below shows the annual net assets of Zorlu Enerji Elektrik Uretim AS from 2003 to 2024. For live valuation and market cap data, see market cap of Zorlu Enerji Elektrik Uretim AS.

Year	Net Assets	Change
2024-12-31	TL58.65 Billion ≈ $1.31 Billion	+52.44%
2023-12-31	TL38.47 Billion ≈ $861.67 Million	+118.48%
2022-12-31	TL17.61 Billion ≈ $394.39 Million	+184.84%
2021-12-31	TL6.18 Billion ≈ $138.46 Million	+169.10%
2020-12-31	TL2.30 Billion ≈ $51.45 Million	+40.11%
2019-12-31	TL1.64 Billion ≈ $36.72 Million	-30.80%
2018-12-31	TL2.37 Billion ≈ $53.06 Million	+40.84%
2017-12-31	TL1.68 Billion ≈ $37.67 Million	+261.95%
2016-12-31	TL464.74 Million ≈ $10.41 Million	-38.26%
2015-12-31	TL752.74 Million ≈ $16.86 Million	+42.10%
2014-12-31	TL529.71 Million ≈ $11.86 Million	-31.29%
2013-12-31	TL770.92 Million ≈ $17.27 Million	+33.28%
2012-12-31	TL578.42 Million ≈ $12.96 Million	+521.99%
2011-12-31	TL-137.07 Million ≈ $-3.07 Million	-190.17%
2010-12-31	TL152.02 Million ≈ $3.40 Million	-32.02%
2009-12-31	TL223.62 Million ≈ $5.01 Million	+229691.38%
2008-12-31	TL-97.40K ≈ $-2.18K	-100.03%
2007-12-31	TL315.82 Million ≈ $7.07 Million	+3.96%
2006-12-31	TL303.79 Million ≈ $6.80 Million	-9.65%
2005-12-31	TL336.23 Million ≈ $7.53 Million	+1.11%
2004-12-31	TL332.53 Million ≈ $7.45 Million	-100.00%
2003-12-31	TL265.13 Trillion ≈ $5.94 Trillion	--

Equity Component Analysis

This analysis shows how different components contribute to Zorlu Enerji Elektrik Uretim 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 99.9% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	TL49.87 Billion	85.04%
Other Components	TL8.77 Billion	14.96%
Total Equity	TL58.65 Billion	100.00%

Zorlu Enerji Elektrik Uretim AS Competitors by Market Cap

The table below lists competitors of Zorlu Enerji Elektrik Uretim AS ranked by their market capitalization.

Company	Market Cap
Nordic Paper Holding AB ST:NPAPER	$342.74 Million
Huasi Agricultural Development Co Ltd SHE:002494	$342.87 Million
FPT Securities JSC VN:FTS	$342.94 Million
Mo-Bruk SA WAR:MBR	$343.21 Million
Platinum Capital Ltd AU:PMC	$342.65 Million
Samchully KO:004690	$342.49 Million
Woori Technology Investment Co. Ltd KQ:041190	$342.49 Million
The Hackett Group Inc NASDAQ:HCKT	$342.38 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Zorlu Enerji Elektrik Uretim AS's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 38,401,711,000 to 58,647,103,000, a change of 20,245,392,000 (52.7%).
Net loss of 2,363,844,000 reduced equity.
Other comprehensive income increased equity by 3,440,667,000.
Other factors increased equity by 19,168,569,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	TL-2.36 Billion	-4.03%
Other Comprehensive Income	TL3.44 Billion	+5.87%
Other Changes	TL19.17 Billion	+32.68%
Total Change	TL-	52.72%

Book Value vs Market Value Analysis

This analysis compares Zorlu Enerji Elektrik Uretim 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: 0.26x
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 5.15x to 0.26x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-12-31	TL0.59	TL3.06	x
2006-12-31	TL0.52	TL3.06	x
2007-12-31	TL0.49	TL3.06	x
2008-12-31	TL-0.15	TL3.06	x
2009-12-31	TL0.61	TL3.06	x
2010-12-31	TL0.19	TL3.06	x
2011-12-31	TL0.00	TL3.06	x
2012-12-31	TL0.49	TL3.06	x
2013-12-31	TL0.66	TL3.06	x
2014-12-31	TL0.45	TL3.06	x
2015-12-31	TL6.08	TL3.06	x
2016-12-31	TL3.43	TL3.06	x
2017-12-31	TL5.19	TL3.06	x
2018-12-31	TL0.68	TL3.06	x
2019-12-31	TL0.48	TL3.06	x
2020-12-31	TL0.68	TL3.06	x
2021-12-31	TL1.76	TL3.06	x
2022-12-31	TL4.29	TL3.06	x
2023-12-31	TL11.52	TL3.06	x
2024-12-31	TL11.73	TL3.06	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Zorlu Enerji Elektrik Uretim 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): -4.03%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -7.97%
• Asset Turnover: 0.25x
• Equity Multiplier: 2.03x
Recent ROE (-4.03%) is below the historical average (-0.47%), 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	3.37%	5.19%	0.46x	1.41x	TL-17.20 Trillion
2004	7.44%	11.07%	0.38x	1.77x	TL-8.32 Million
2005	1.23%	1.84%	0.35x	1.94x	TL-28.63 Million
2006	-16.15%	-11.78%	0.47x	2.95x	TL-74.72 Million
2007	-3.85%	-2.20%	0.42x	4.21x	TL-37.16 Million
2008	0.00%	-49.95%	0.26x	0.00x	TL-324.83 Million
2009	42.63%	16.37%	0.23x	11.46x	TL68.58 Million
2010	-51.34%	-17.28%	0.17x	17.83x	TL-89.63 Million
2011	0.00%	-91.51%	0.13x	0.00x	TL-392.82 Million
2012	102.25%	112.18%	0.11x	8.65x	TL531.57 Million
2013	-40.46%	-48.59%	0.10x	8.31x	TL-385.59 Million
2014	-42.31%	-27.79%	0.16x	9.36x	TL-277.23 Million
2015	-35.49%	-46.50%	0.10x	7.46x	TL-342.71 Million
2016	-0.87%	-0.34%	0.17x	14.69x	TL-50.62 Million
2017	3.08%	1.34%	0.34x	6.70x	TL-116.43 Million
2018	1.40%	0.51%	0.39x	6.97x	TL-211.67 Million
2019	-7.92%	-1.66%	0.45x	10.66x	TL-313.90 Million
2020	3.02%	0.86%	0.40x	8.75x	TL-170.66 Million
2021	-1.37%	-0.74%	0.33x	5.61x	TL-717.49 Million
2022	0.63%	0.37%	0.45x	3.81x	TL-1.66 Billion
2023	28.44%	40.03%	0.28x	2.57x	TL7.08 Billion
2024	-4.03%	-7.97%	0.25x	2.03x	TL-8.23 Billion

Industry Comparison

This section compares Zorlu Enerji Elektrik Uretim AS's net assets metrics with peer companies in the Utilities - Diversified industry.

No peer company data available for comparison.

About Zorlu Enerji Elektrik Uretim AS

IS:ZOREN Turkey Utilities - Diversified

Market Cap

$342.68 Million

TL15.30 Billion TRY

Market Cap Rank

#14405 Global

#140 in Turkey

Share Price

TL3.06

Change (1 day)

+0.99%

52-Week Range

TL2.74 - TL4.23

All Time High

TL7.01