Companies with strong net worth are at the top: Zeynep Aktaş


Companies with strong net worth overcome crises more easily and then stand out for their high performance. Over the past five years, some companies in the steel, mining, energy, automotive, consumer durables and textile chemicals industries have earned more than 30% in dollar terms.

Companies with strong equities emerge in times when prices are constantly rising and access to finance becomes difficult. Over the past five years, 16 companies with strong equity capital and a return on equity of more than 10% have achieved a return of more than 30% in dollar terms. These companies, which attract attention with their strong equity capital, Ereğli Iron Steel, İskenderun Demir Çelik, Koza Gold, Aksa Energy, Ford Otosan, Kardemir (D), Sasa Polyester, Kordsa Teknik Tekstil, Vestel White Goods, Koza Mining , Doğuş Automotive, Fertilizer factories, Aksa, Deva Holding, İpek Natural Energy, Nuh Cement.

Companies with strong net worth are at the top

Earnings in dollars

Although the aforementioned stocks have regressed from time to time due to market fluctuations, they have earned over 30% in dollar terms for their investors over the past 5 years. Undoubtedly, the effect of their ability to rely on their strong equity in crises should not be overlooked. After all, fairness is an important fact in determining whether the company will be able to withstand the shocks. This situation plays an important role in providing resources to companies and in creating collateral against their creditors. Firms with high equity capital are also rated in the “low risk” category by lenders, and have the ability to obtain loans more easily and at lower cost when needed. Equity is undoubtedly an important budget item, followed by investors as well as lenders. Although the determination of the company’s book value is based on this amount, the book value is obtained by dividing the company’s market value by its equity.

Of the 16 companies that stand out for their capital structure, the market value / book value ratio of Ereğli Demir Çelik is 1.15, while its assets are around TL 80 billion. The company’s market value is TL 92.8 billion. Likewise, Iskenderun Iron and Steel is trading with a market book value of 1.7. Koza Altın’s net worth is TL 11.6 billion, while Aksa Energy’s net worth is TL 10.9 billion.

Sectors of the first half

In the first half of the year, stocks in the real estate, energy and transport sectors rose to the fore. In an environment of low interest rates and high inflation, investors favored traditional investment instruments, while real estate and transportation stocks stood out among those that rose the most. Turkish Airlines shares have gained 147% since the beginning of the year. The increase in Pegasus was 111%. İş Gayrimenkul and Sinpaş Gayrimenkul gained over 100% in shares. It will come as no surprise to experience a positive impact in the tourism sector and a lively trend in the transport sector during the summer period. There will be a period when investors will reconsider their costs.

Companies with strong net worth are at the top

Inflation and the stock market

During times of high inflation, stock market performance appears to be predominantly above inflation in major manufacturing and service companies. The time we are in is a time when prices around the world are steadily rising after the pandemic.

On the other hand, there is a foreign outflow on the Istanbul stock exchange, which increases vulnerability. While major Turkish industrial companies trade with P / E ratios of 5, banks trade with P / E ratios of 2-3. The BIST 100 index stands at 2,434 in terms of TL and 140.7 in terms of dollars. The index moves in a horizontal band at the lowest levels in dollar terms. To talk about a strengthening course, it is important to see the movement above the 8.20 and 50 day averages.

Companies with strong net worth are at the top



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