BIM BIRLESIK MAGAZALAR |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 486.8 TRY | +4.28% |
|
+14.53% | +61.85% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 28,332 | 45,415 | 36,874 | 81,845 | 179,548 | 278,650 | - | - |
| Enterprise Value (EV) 1 | 30,947 | 47,732 | 42,027 | 81,845 | 179,548 | 290,012 | 286,328 | 278,650 |
| P/E ratio | 22.9 x | 17.5 x | 12.6 x | 10 x | - | 13.9 x | 10 x | - |
| Yield | - | 4.64% | 3.26% | - | - | 2.76% | 3.66% | 2.14% |
| Capitalization / Revenue | 0.7 x | 0.82 x | 0.52 x | 0.55 x | 0.55 x | 0.6 x | 0.46 x | 0.33 x |
| EV / Revenue | 0.77 x | 0.86 x | 0.6 x | 0.55 x | 0.55 x | 0.63 x | 0.47 x | 0.33 x |
| EV / EBITDA | 9.83 x | 9.42 x | 6.48 x | 6.9 x | - | 8.21 x | 6.06 x | 4.29 x |
| EV / FCF | 13.4 x | 13.8 x | 11.6 x | - | - | 17.1 x | 10.5 x | - |
| FCF Yield | 7.46% | 7.25% | 8.64% | - | - | 5.84% | 9.52% | - |
| Price to Book | 6.69 x | 6.33 x | 4.83 x | - | - | 5.76 x | 4.15 x | - |
| Nbr of stocks (in thousands) | 607,200 | 601,529 | 601,529 | 597,842 | 597,000 | 597,000 | - | - |
| Reference price 2 | 46.66 | 75.50 | 61.30 | 136.9 | 300.8 | 466.8 | 466.8 | 466.8 |
| Announcement Date | 3/4/20 | 3/8/21 | 3/2/22 | 3/13/23 | 5/13/24 | - | - | - |
1TRY in Million2TRY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 40,212 | 55,495 | 70,527 | 147,716 | 328,442 | 462,312 | 611,635 | 841,271 |
| EBITDA 1 | 3,149 | 5,067 | 6,481 | 11,867 | - | 35,342 | 47,243 | 65,003 |
| EBIT 1 | 2,066 | 3,697 | 4,678 | 9,274 | 3,359 | 28,208 | 37,049 | - |
| Operating Margin | 5.14% | 6.66% | 6.63% | 6.28% | 1.02% | 6.1% | 6.06% | - |
| Earnings before Tax (EBT) 1 | 1,591 | 3,352 | 3,910 | 8,799 | 22,045 | 26,157 | 37,379 | 47,741 |
| Net income 1 | 1,225 | 2,607 | 2,932 | 8,157 | 15,441 | 20,252 | 27,823 | 36,898 |
| Net margin | 3.05% | 4.7% | 4.16% | 5.52% | 4.7% | 4.38% | 4.55% | 4.39% |
| EPS 2 | 2.035 | 4.310 | 4.880 | 13.64 | - | 33.47 | 46.68 | - |
| Free Cash Flow 1 | 2,310 | 3,461 | 3,630 | - | - | 16,923 | 27,256 | - |
| FCF margin | 5.74% | 6.24% | 5.15% | - | - | 3.66% | 4.46% | - |
| FCF Conversion (EBITDA) | 73.35% | 68.31% | 56.02% | - | - | 47.88% | 57.69% | - |
| FCF Conversion (Net income) | 188.56% | 132.78% | 123.8% | - | - | 83.56% | 97.96% | - |
| Dividend per Share 2 | - | 3.500 | 2.000 | - | - | 12.89 | 17.09 | 10.00 |
| Announcement Date | 3/4/20 | 3/8/21 | 3/2/22 | 3/13/23 | 5/13/24 | - | - | - |
1TRY in Million2TRY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 17,457 | 20,405 | 27,267 | 34,030 | 41,026 | 45,393 | 51,335 | 57,878 | 74,406 | 144,824 | 96,764 | 109,129 | 121,964 |
| EBITDA 1 | 1,510 | 2,131 | 2,284 | 3,182 | 2,865 | 3,949 | 3,138 | 4,292 | 6,672 | -351.1 | 6,811 | 8,995 | 7,819 |
| EBIT 1 | 1,063 | 1,631 | 1,728 | - | 2,199 | 3,178 | 2,190 | 3,239 | 5,423 | -7,494 | 5,480 | 7,475 | 6,115 |
| Operating Margin | 6.09% | 8% | 6.34% | - | 5.36% | 7% | 4.27% | 5.6% | 7.29% | -5.17% | 5.66% | 6.85% | 5.01% |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | 11,716 | - | - | - |
| Net income 1 | 884 | 638.7 | 1,342 | 1,676 | 1,775 | 3,364 | 1,354 | 2,845 | 3,849 | 7,392 | 4,180 | 5,706 | 4,589 |
| Net margin | 5.06% | 3.13% | 4.92% | 4.93% | 4.33% | 7.41% | 2.64% | 4.92% | 5.17% | 5.1% | 4.32% | 5.23% | 3.76% |
| EPS 2 | 1.470 | 1.070 | - | - | 2.970 | 5.620 | 2.270 | 4.760 | 6.450 | 12.38 | 6.990 | 9.542 | 7.675 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/8/21 | 3/2/22 | 5/9/22 | 8/17/22 | 11/8/22 | 3/13/23 | 5/8/23 | 8/17/23 | 11/7/23 | 5/13/24 | - | - | - |
1TRY in Million2TRY
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,615 | 2,317 | 5,153 | - | - | 11,363 | 7,679 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 0.8306 x | 0.4572 x | 0.7951 x | - | - | 0.3215 x | 0.1625 x | - |
| Free Cash Flow 1 | 2,310 | 3,461 | 3,630 | - | - | 16,923 | 27,256 | - |
| ROE (net income / shareholders' equity) | 31.6% | 45.7% | 39.7% | - | - | 37% | 44% | 23.2% |
| ROA (Net income/ Total Assets) | 10.2% | 13.6% | 10.9% | - | - | 15.2% | 14.8% | - |
| Assets 1 | 12,061 | 19,141 | 26,921 | - | - | 133,239 | 188,097 | - |
| Book Value Per Share 2 | 6.980 | 11.90 | 12.70 | - | - | 81.10 | 112.0 | - |
| Cash Flow per Share 2 | 5.620 | 7.840 | 6.160 | - | - | 53.50 | 73.40 | - |
| Capex 1 | 1,075 | 1,283 | 2,200 | - | - | 12,909 | 16,879 | 24,000 |
| Capex / Sales | 2.67% | 2.31% | 3.12% | - | - | 2.79% | 2.76% | 2.85% |
| Announcement Date | 3/4/20 | 3/8/21 | 3/2/22 | 3/13/23 | 5/13/24 | - | - | - |
1TRY in Million2TRY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
BUY
Number of Analysts
12
Last Close Price
466.8
TRY
Average target price
458.7
TRY
Spread / Average Target
-1.72%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +61.85% | 8.65B | |
| +24.00% | 1.19B | |
| -9.25% | 1.05B | |
| +3.36% | 137M | |
| -30.64% | 98.33M | |
| +0.21% | 67.57M |
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