Market Closed -
Borsa Istanbul
11:09:53 2024-05-10 am EDT
|
5-day change
|
1st Jan Change
|
1,001
TRY
|
+1.11%
|
|
-3.66%
|
+54.12%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
8,839
|
7,632
|
8,690
|
49,104
|
66,444
|
102,402
|
-
|
-
|
Enterprise Value (EV)
1 |
15,256
|
23,038
|
38,380
|
97,284
|
66,444
|
194,927
|
195,860
|
183,684
|
P/E ratio
|
6.63
x
|
-3.88
x
|
-4.41
x
|
6.92
x
|
3.18
x
|
8.05
x
|
7.32
x
|
7.12
x
|
Yield
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Capitalization / Revenue
|
0.8
x
|
1.59
x
|
0.81
x
|
1.15
x
|
0.94
x
|
0.98
x
|
0.78
x
|
0.71
x
|
EV / Revenue
|
1.38
x
|
4.8
x
|
3.6
x
|
2.28
x
|
0.94
x
|
1.87
x
|
1.49
x
|
1.27
x
|
EV / EBITDA
|
4.23
x
|
47.9
x
|
16.9
x
|
6.9
x
|
3.07
x
|
6.29
x
|
4.53
x
|
4.14
x
|
EV / FCF
|
5.04
x
|
-
|
-1,261
x
|
10.9
x
|
-
|
12.2
x
|
15.6
x
|
7.73
x
|
FCF Yield
|
19.8%
|
-
|
-0.08%
|
9.19%
|
-
|
8.21%
|
6.42%
|
12.9%
|
Price to Book
|
1.65
x
|
1.42
x
|
1.28
x
|
2.72
x
|
-
|
1.44
x
|
0.98
x
|
0.78
x
|
Nbr of stocks (in thousands)
|
102,300
|
102,300
|
102,300
|
102,300
|
102,300
|
102,300
|
-
|
-
|
Reference price
2 |
86.40
|
74.60
|
84.95
|
480.0
|
649.5
|
1,001
|
1,001
|
1,001
|
Announcement Date
|
3/3/20
|
3/4/21
|
3/4/22
|
3/6/23
|
3/4/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
11,025
|
4,804
|
10,664
|
42,732
|
70,532
|
104,148
|
131,730
|
145,104
|
EBITDA
1 |
3,610
|
481.3
|
2,271
|
14,099
|
21,626
|
30,996
|
43,236
|
44,338
|
EBIT
1 |
2,062
|
-1,702
|
-545.5
|
9,634
|
13,823
|
17,971
|
21,133
|
27,063
|
Operating Margin
|
18.7%
|
-35.43%
|
-5.11%
|
22.55%
|
19.6%
|
17.26%
|
16.04%
|
18.65%
|
Earnings before Tax (EBT)
1 |
1,394
|
-2,025
|
-2,057
|
6,619
|
10,115
|
10,799
|
14,125
|
19,676
|
Net income
1 |
1,333
|
-1,965
|
-1,972
|
7,100
|
20,908
|
10,602
|
15,113
|
18,245
|
Net margin
|
12.09%
|
-40.91%
|
-18.5%
|
16.62%
|
29.64%
|
10.18%
|
11.47%
|
12.57%
|
EPS
2 |
13.03
|
-19.21
|
-19.28
|
69.41
|
204.4
|
124.4
|
136.8
|
140.5
|
Free Cash Flow
1 |
3,026
|
-
|
-30.44
|
8,940
|
-
|
16,001
|
12,570
|
23,771
|
FCF margin
|
27.45%
|
-
|
-0.29%
|
20.92%
|
-
|
15.36%
|
9.54%
|
16.38%
|
FCF Conversion (EBITDA)
|
83.83%
|
-
|
-
|
63.41%
|
-
|
51.62%
|
29.07%
|
53.61%
|
FCF Conversion (Net income)
|
226.95%
|
-
|
-
|
125.91%
|
-
|
150.92%
|
83.17%
|
130.29%
|
Dividend per Share
2 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
3/3/20
|
3/4/21
|
3/4/22
|
3/6/23
|
3/4/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q3
|
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
---|
Net sales
1 |
4,538
|
3,492
|
4,064
|
8,351
|
17,840
|
12,477
|
8,793
|
15,109
|
28,073
|
18,557
|
EBITDA
1 |
1,739
|
477.7
|
342.1
|
1,594
|
8,198
|
3,966
|
1,204
|
4,748
|
12,056
|
3,618
|
EBIT
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Operating Margin
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Earnings before Tax (EBT)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
592.9
|
-969.7
|
-1,100
|
-790.5
|
4,838
|
4,152
|
-598.1
|
1,925
|
7,719
|
11,861
|
Net margin
|
13.07%
|
-27.77%
|
-27.06%
|
-9.47%
|
27.12%
|
33.28%
|
-6.8%
|
12.74%
|
27.5%
|
63.92%
|
EPS
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
11/9/21
|
3/4/22
|
5/10/22
|
8/15/22
|
11/9/22
|
3/6/23
|
5/10/23
|
8/14/23
|
11/8/23
|
3/4/24
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
6,417
|
15,407
|
29,689
|
48,180
|
-
|
92,525
|
93,458
|
81,282
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.778
x
|
32.01
x
|
13.07
x
|
3.417
x
|
-
|
2.985
x
|
2.162
x
|
1.833
x
|
Free Cash Flow
1 |
3,026
|
-
|
-30.4
|
8,940
|
-
|
16,001
|
12,570
|
23,771
|
ROE (net income / shareholders' equity)
|
29.3%
|
-36.6%
|
-32.4%
|
57%
|
-
|
21.4%
|
18.1%
|
14.3%
|
ROA (Net income/ Total Assets)
|
7.68%
|
-7.84%
|
-4.81%
|
9.55%
|
-
|
6.15%
|
6.53%
|
7.35%
|
Assets
1 |
17,362
|
25,065
|
40,984
|
74,383
|
-
|
172,397
|
231,325
|
248,234
|
Book Value Per Share
2 |
52.20
|
52.70
|
66.50
|
176.0
|
-
|
696.0
|
1,018
|
1,286
|
Cash Flow per Share
2 |
34.90
|
3.740
|
28.00
|
136.0
|
-
|
363.0
|
247.0
|
295.0
|
Capex
1 |
148
|
-
|
3,542
|
-
|
-
|
21,373
|
9,289
|
6,682
|
Capex / Sales
|
1.34%
|
-
|
33.21%
|
-
|
-
|
20.52%
|
7.05%
|
4.6%
|
Announcement Date
|
3/3/20
|
3/4/21
|
3/4/22
|
3/6/23
|
3/4/24
|
-
|
-
|
-
|
Last Close Price
1,001
TRY Average target price
1,098
TRY Spread / Average Target +9.70% Consensus |
1st Jan change
|
Capi.
|
---|
| +54.12% | 3.18B | | -0.60% | 23.28B | | +2.90% | 20.62B | | +35.46% | 18.57B | | +27.78% | 17.33B | | -17.81% | 14.38B | | +39.11% | 13.63B | | -7.55% | 12.38B | | +16.90% | 11.15B | | -1.55% | 10.42B |
Other Airlines
|