D-MARKET Electronic Services & Trading ADR (HEPS) - Net Assets
Based on the latest financial reports, D-MARKET Electronic Services & Trading ADR (HEPS) has net assets worth $862.22 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 ($32.79 Billion) and total liabilities ($31.93 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. Check HEPS tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $862.22 Million |
| % of Total Assets | 2.63% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 33.88 |
D-MARKET Electronic Services & Trading ADR - Net Assets Trend (2018–2024)
This chart illustrates how D-MARKET Electronic Services & Trading ADR's net assets have evolved over time, based on quarterly financial data. See D-MARKET Electronic Services & Trading A defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for D-MARKET Electronic Services & Trading ADR (2018–2024)
The table below shows the annual net assets of D-MARKET Electronic Services & Trading ADR from 2018 to 2024. For live valuation and market cap data, see HEPS market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $3.32 Billion | -30.35% |
| 2023-12-31 | $4.77 Billion | +41.68% |
| 2022-12-31 | $3.37 Billion | -30.05% |
| 2021-12-31 | $4.81 Billion | +711.18% |
| 2020-12-31 | $-787.33 Million | -153.30% |
| 2019-12-31 | $-310.83 Million | +13.18% |
| 2018-12-31 | $-358.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to D-MARKET Electronic Services & Trading ADR'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 1874099611700.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $719.96 Million | 21.68% |
| Other Comprehensive Income | $1.10 Billion | 33.14% |
| Other Components | $20.67 Billion | 622.18% |
| Total Equity | $3.32 Billion | 100.00% |
D-MARKET Electronic Services & Trading ADR Competitors by Market Cap
The table below lists competitors of D-MARKET Electronic Services & Trading ADR ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aeon Credit Service Bhd
KLSE:5139
|
$756.37 Million |
|
ZheJiang RIFA Digital Precision Machinery Co Ltd
SHE:002520
|
$756.41 Million |
|
Guangdong Xinhui Meida Nylon Co Ltd
SHE:000782
|
$756.53 Million |
|
Feitian Technologies Co Ltd
SHE:300386
|
$756.71 Million |
|
Turkiye Sinai Kalkinma Bankasi AS
IS:TSKB
|
$756.32 Million |
|
Nankang Rubber Tire Corp Ltd
TW:2101
|
$756.29 Million |
|
Beijing SL Pharmaceutical Co Ltd
SHE:002038
|
$756.18 Million |
|
AGRANA Beteiligungs-Aktiengesellschaft
VI:AGR
|
$756.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in D-MARKET Electronic Services & Trading ADR's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,768,513,000 to 3,321,480,000, a change of -1,447,033,000 (-30.3%).
- Net loss of 1,604,907,000 reduced equity.
- Other comprehensive income increased equity by 179,945,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-1.60 Billion | -48.32% |
| Other Comprehensive Income | $179.94 Million | +5.42% |
| Other Changes | $-22.07 Million | -0.66% |
| Total Change | $- | -30.35% |
Book Value vs Market Value Analysis
This analysis compares D-MARKET Electronic Services & Trading ADR'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: 0.27x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | $-1.10 | $2.80 | x |
| 2019-12-31 | $-0.95 | $2.80 | x |
| 2020-12-31 | $-2.42 | $2.80 | x |
| 2021-12-31 | $15.79 | $2.80 | x |
| 2022-12-31 | $10.32 | $2.80 | x |
| 2023-12-31 | $14.68 | $2.80 | x |
| 2024-12-31 | $10.35 | $2.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently D-MARKET Electronic Services & Trading ADR 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): -48.32%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.81%
- • Asset Turnover: 2.18x
- • Equity Multiplier: 7.87x
- Recent ROE (-48.32%) is below the historical average (-45.92%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.00% | -8.25% | 3.05x | 0.00x | $-125.52 Million |
| 2019 | 0.00% | -5.06% | 2.72x | 0.00x | $-100.56 Million |
| 2020 | 0.00% | -6.17% | 7.72x | 0.00x | $-857.85 Million |
| 2021 | -69.20% | -13.43% | 1.85x | 2.78x | $-3.81 Billion |
| 2022 | -205.50% | -18.09% | 2.30x | 4.93x | $-7.25 Billion |
| 2023 | 1.58% | 0.21% | 1.40x | 5.32x | $-401.32 Million |
| 2024 | -48.32% | -2.81% | 2.18x | 7.87x | $-1.94 Billion |
Industry Comparison
This section compares D-MARKET Electronic Services & Trading ADR's net assets metrics with peer companies in the Internet Retail industry.
Industry Context
- Industry: Internet Retail
- Average net assets among peers: $29,623,842,493
- Average return on equity (ROE) among peers: 1.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| D-MARKET Electronic Services & Trading ADR (HEPS) | $862.22 Million | 0.00% | 37.03x | $756.32 Million |
| Winamp Group SA (ALPET) | $935.38K | -109.07% | 1.55x | $13.13 Million |
| Amazon.com Inc (AMZN) | $285.97 Billion | 20.72% | 1.19x | $2.55 Trillion |
| Beyond, Inc. (BYON) | $129.22 Million | 6.85% | 1.92x | $541.91 Million |
| Baozun Inc (BZUN) | $6.13 Billion | 6.95% | 0.71x | $138.03 Million |
| Maplebear Inc. (CART) | $29.12 Million | 0.00% | 12.96x | $9.93 Billion |
| Chewy Inc (CHWY) | $497.90 Million | 44.75% | 6.22x | $4.13 Billion |
| Coupang LLC (CPNG) | $-3.53 Billion | 0.00% | 0.00x | $28.56 Billion |
| Dada Nexus Ltd (DADA) | $-7.19 Billion | 0.00% | 0.00x | $506.16 Million |
| DoorDash, Inc. Class A Common Stock (DASH) | $7.81 Billion | 1.57% | 0.64x | $67.36 Billion |
| eBay Inc (EBAY) | $6.40 Billion | 43.26% | 2.38x | $47.90 Billion |
About D-MARKET Electronic Services & Trading ADR
D-Market Elektronik Hizmetler ve Ticaret A.S. operates e-commerce platforms in Turkey. The company operates www.hepsiburada.com, a retail website that provides electronics and non-electronics products, such as books, sports, toys, kids and baby products, cosmetics, furniture, etc. It also operates Hepsiburada Market, an app-in-app initiative and on-demand delivery service; HepsiJet that provides … Read more