Market Closed -
Borsa Istanbul
11:09:59 2024-05-10 am EDT
|
5-day change
|
1st Jan Change
|
46.84
TRY
|
+2.95%
|
|
+6.02%
|
+14.24%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
31,640
|
52,255
|
98,560
|
144,410
|
143,500
|
163,940
|
-
|
-
|
Enterprise Value (EV)
1 |
28,650
|
45,311
|
92,047
|
158,804
|
143,500
|
242,125
|
259,551
|
264,102
|
P/E ratio
|
9.54
x
|
15.8
x
|
6.35
x
|
8.02
x
|
34.4
x
|
9.61
x
|
6.6
x
|
5.02
x
|
Yield
|
2.54%
|
12.4%
|
15.8%
|
-
|
-
|
6.66%
|
9.88%
|
12.8%
|
Capitalization / Revenue
|
1.15
x
|
1.63
x
|
1.44
x
|
1.13
x
|
0.97
x
|
0.72
x
|
0.59
x
|
0.56
x
|
EV / Revenue
|
1.04
x
|
1.41
x
|
1.35
x
|
1.24
x
|
0.97
x
|
1.06
x
|
0.93
x
|
0.9
x
|
EV / EBITDA
|
5.17
x
|
6.8
x
|
3.48
x
|
5.96
x
|
9.21
x
|
6.74
x
|
4.9
x
|
4.37
x
|
EV / FCF
|
3.7
x
|
8.76
x
|
12.8
x
|
14.7
x
|
-
|
-23
x
|
84.2
x
|
30.1
x
|
FCF Yield
|
27%
|
11.4%
|
7.84%
|
6.82%
|
-
|
-4.35%
|
1.19%
|
3.32%
|
Price to Book
|
1.04
x
|
1.31
x
|
1.2
x
|
-
|
-
|
0.69
x
|
0.68
x
|
0.54
x
|
Nbr of stocks (in thousands)
|
3,500,000
|
3,500,000
|
3,500,000
|
3,500,000
|
3,500,000
|
3,500,000
|
-
|
-
|
Reference price
2 |
9.040
|
14.93
|
28.16
|
41.26
|
41.00
|
46.84
|
46.84
|
46.84
|
Announcement Date
|
2/12/20
|
2/11/21
|
2/10/22
|
3/3/23
|
2/22/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
27,465
|
32,048
|
68,227
|
127,783
|
147,900
|
228,153
|
279,704
|
292,493
|
EBITDA
1 |
5,537
|
6,665
|
26,468
|
26,655
|
15,573
|
35,937
|
52,981
|
60,438
|
EBIT
1 |
4,388
|
5,140
|
24,416
|
23,161
|
10,201
|
27,679
|
42,664
|
49,741
|
Operating Margin
|
15.98%
|
16.04%
|
35.79%
|
18.13%
|
6.9%
|
12.13%
|
15.25%
|
17.01%
|
Earnings before Tax (EBT)
1 |
5,067
|
5,658
|
23,917
|
22,112
|
8,837
|
24,743
|
37,430
|
61,987
|
Net income
1 |
3,317
|
3,309
|
15,527
|
18,005
|
4,033
|
17,474
|
27,322
|
44,488
|
Net margin
|
12.08%
|
10.33%
|
22.76%
|
14.09%
|
2.73%
|
7.66%
|
9.77%
|
15.21%
|
EPS
2 |
0.9476
|
0.9455
|
4.436
|
5.144
|
1.192
|
4.876
|
7.092
|
9.338
|
Free Cash Flow
1 |
7,748
|
5,171
|
7,219
|
10,837
|
-
|
-10,528
|
3,082
|
8,767
|
FCF margin
|
28.21%
|
16.13%
|
10.58%
|
8.48%
|
-
|
-4.61%
|
1.1%
|
3%
|
FCF Conversion (EBITDA)
|
139.93%
|
77.58%
|
27.27%
|
40.66%
|
-
|
-
|
5.82%
|
14.51%
|
FCF Conversion (Net income)
|
233.63%
|
156.26%
|
46.49%
|
60.19%
|
-
|
-
|
11.28%
|
19.71%
|
Dividend per Share
2 |
0.2300
|
1.850
|
4.450
|
-
|
-
|
3.119
|
4.626
|
6.004
|
Announcement Date
|
2/12/20
|
2/11/21
|
2/10/22
|
3/3/23
|
2/22/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
2024 Q2
|
2024 Q3
|
2024 Q4
|
2025 Q1
|
2025 Q2
|
---|
Net sales
1 |
25,167
|
29,204
|
34,609
|
36,723
|
27,248
|
26,274
|
37,346
|
37,390
|
46,889
|
49,748
|
53,660
|
51,513
|
54,443
|
55,303
|
55,433
|
EBITDA
1 |
9,579
|
9,764
|
10,851
|
5,365
|
674.4
|
1,389
|
3,823
|
5,228
|
5,132
|
7,517
|
7,318
|
7,913
|
9,299
|
10,377
|
10,199
|
EBIT
1 |
8,853
|
8,982
|
9,965
|
4,391
|
-177.4
|
379.1
|
2,530
|
3,914
|
3,377
|
5,528
|
5,218
|
5,737
|
7,031
|
8,018
|
7,797
|
Operating Margin
|
35.18%
|
30.76%
|
28.79%
|
11.96%
|
-0.65%
|
1.44%
|
6.77%
|
10.47%
|
7.2%
|
11.11%
|
9.72%
|
11.14%
|
12.91%
|
14.5%
|
14.07%
|
Earnings before Tax (EBT)
1 |
-
|
8,762
|
-
|
-
|
-737.6
|
-
|
1,260
|
4,926
|
2,665
|
6,363
|
2,795
|
3,134
|
4,308
|
6,301
|
5,937
|
Net income
1 |
4,723
|
5,626
|
6,639
|
2,565
|
3,175
|
90.31
|
-3,999
|
41.37
|
7,901
|
5,601
|
1,874
|
2,102
|
2,889
|
4,225
|
3,981
|
Net margin
|
18.77%
|
19.26%
|
19.18%
|
6.98%
|
11.65%
|
0.34%
|
-10.71%
|
0.11%
|
16.85%
|
11.26%
|
3.49%
|
4.08%
|
5.31%
|
7.64%
|
7.18%
|
EPS
2 |
1.350
|
1.607
|
1.897
|
0.7328
|
0.9071
|
0.0258
|
-1.143
|
0.0118
|
2.298
|
1.666
|
0.5580
|
0.6250
|
0.8590
|
1.257
|
1.185
|
Dividend per Share
2 |
4.450
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
1.437
|
-
|
-
|
Announcement Date
|
2/10/22
|
4/27/22
|
8/9/22
|
10/26/22
|
3/3/23
|
5/2/23
|
8/9/23
|
10/26/23
|
2/22/24
|
5/9/24
|
-
|
-
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
14,394
|
-
|
78,185
|
95,611
|
100,162
|
Net Cash position
1 |
2,990
|
6,944
|
6,513
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
0.54
x
|
-
|
2.176
x
|
1.805
x
|
1.657
x
|
Free Cash Flow
1 |
7,748
|
5,171
|
7,219
|
10,837
|
-
|
-10,528
|
3,082
|
8,767
|
ROE (net income / shareholders' equity)
|
11.3%
|
9.44%
|
25.4%
|
-
|
-
|
8.1%
|
10.9%
|
10.2%
|
ROA (Net income/ Total Assets)
|
7.5%
|
6.32%
|
16.8%
|
-
|
-
|
5.4%
|
5.73%
|
7%
|
Assets
1 |
44,227
|
52,333
|
92,218
|
-
|
-
|
323,589
|
476,543
|
635,550
|
Book Value Per Share
2 |
8.660
|
11.40
|
23.50
|
-
|
-
|
67.70
|
68.90
|
86.90
|
Cash Flow per Share
|
2.070
|
2.090
|
1.630
|
-
|
-
|
-
|
10.80
|
-
|
Capex
1 |
1,408
|
2,145
|
3,862
|
11,388
|
-
|
32,946
|
24,690
|
25,825
|
Capex / Sales
|
5.13%
|
6.69%
|
5.66%
|
8.91%
|
-
|
14.44%
|
8.83%
|
8.83%
|
Announcement Date
|
2/12/20
|
2/11/21
|
2/10/22
|
3/3/23
|
2/22/24
|
-
|
-
|
-
|
Last Close Price
46.84
TRY Average target price
52.7
TRY Spread / Average Target +12.50% Consensus |
1st Jan change
|
Capi.
|
---|
| +14.24% | 5.09B | | -3.02% | 24.86B | | +18.55% | 21.11B | | -8.15% | 11.66B | | +14.03% | 11.18B | | +24.39% | 11.17B | | +10.27% | 10.12B | | -0.68% | 8.28B | | +12.78% | 7.79B | | +20.20% | 6.78B |
Iron, Steel Mills & Foundries
|