Market Closed -
Borsa Istanbul
16:09:00 01/07/2024 BST
|
5-day change
|
1st Jan Change
|
107
TRY
|
-4.89%
|
|
-6.30%
|
+38.51%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
2,902
|
6,084
|
8,879
|
18,166
|
23,586
|
32,669
|
-
|
-
|
Enterprise Value (EV)
1 |
5,185
|
7,713
|
10,190
|
18,166
|
24,743
|
36,903
|
36,093
|
36,125
|
P/E ratio
|
-
|
11.8
x
|
9.25
x
|
-
|
6.17
x
|
10.1
x
|
6.31
x
|
4.55
x
|
Yield
|
-
|
4.05%
|
6.97%
|
-
|
-
|
4.96%
|
7.93%
|
11%
|
Capitalization / Revenue
|
0.82
x
|
1.44
x
|
1.34
x
|
1.29
x
|
0.89
x
|
1.06
x
|
0.75
x
|
0.6
x
|
EV / Revenue
|
1.46
x
|
1.82
x
|
1.54
x
|
1.29
x
|
0.93
x
|
1.2
x
|
0.83
x
|
0.66
x
|
EV / EBITDA
|
8.48
x
|
8.06
x
|
6.89
x
|
6.19
x
|
6.1
x
|
6
x
|
4.03
x
|
3.2
x
|
EV / FCF
|
8.06
x
|
10.4
x
|
7.66
x
|
-
|
11.6
x
|
17.9
x
|
18.4
x
|
7.7
x
|
FCF Yield
|
12.4%
|
9.63%
|
13.1%
|
-
|
8.61%
|
5.6%
|
5.42%
|
13%
|
Price to Book
|
-
|
4.23
x
|
3.97
x
|
-
|
-
|
4.73
x
|
3.16
x
|
-
|
Nbr of stocks (in thousands)
|
305,117
|
305,117
|
305,117
|
305,317
|
305,317
|
305,317
|
-
|
-
|
Reference price
2 |
9.510
|
19.94
|
29.10
|
59.50
|
77.25
|
107.0
|
107.0
|
107.0
|
Announcement Date
|
19/02/20
|
19/02/21
|
19/02/22
|
22/02/23
|
18/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
3,558
|
4,237
|
6,634
|
14,081
|
26,498
|
30,681
|
43,561
|
54,596
|
EBITDA
1 |
611.4
|
957.3
|
1,480
|
2,937
|
4,056
|
6,155
|
8,953
|
11,306
|
EBIT
1 |
421.9
|
734.1
|
1,243
|
2,000
|
2,583
|
5,164
|
7,657
|
9,706
|
Operating Margin
|
11.86%
|
17.33%
|
18.74%
|
14.2%
|
9.75%
|
16.83%
|
17.58%
|
17.78%
|
Earnings before Tax (EBT)
1 |
-
|
475.3
|
885.5
|
1,866
|
3,289
|
4,046
|
6,472
|
8,971
|
Net income
1 |
114
|
539.9
|
1,005
|
1,980
|
3,986
|
3,237
|
5,178
|
7,177
|
Net margin
|
3.2%
|
12.74%
|
15.14%
|
14.06%
|
15.04%
|
10.55%
|
11.89%
|
13.15%
|
EPS
2 |
-
|
1.692
|
3.147
|
-
|
12.52
|
10.61
|
16.97
|
23.52
|
Free Cash Flow
1 |
643.2
|
743
|
1,331
|
-
|
2,131
|
2,067
|
1,957
|
4,690
|
FCF margin
|
18.08%
|
17.54%
|
20.07%
|
-
|
8.04%
|
6.74%
|
4.49%
|
8.59%
|
FCF Conversion (EBITDA)
|
105.21%
|
77.61%
|
89.96%
|
-
|
52.53%
|
33.58%
|
21.86%
|
41.48%
|
FCF Conversion (Net income)
|
564.16%
|
137.61%
|
132.51%
|
-
|
53.46%
|
63.86%
|
37.79%
|
65.35%
|
Dividend per Share
2 |
-
|
0.8070
|
2.028
|
-
|
-
|
5.304
|
8.485
|
11.76
|
Announcement Date
|
19/02/20
|
19/02/21
|
19/02/22
|
22/02/23
|
18/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 S1
|
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 S1
|
2022 Q3
|
2022 Q4
|
2023 Q2
|
2023 Q3
|
2024 Q1
|
---|
Net sales
1 |
2,972
|
2,130
|
2,714
|
3,238
|
5,952
|
-
|
4,505
|
-
|
5,475
|
7,469
|
EBITDA
1 |
726.7
|
426.5
|
791.5
|
548.5
|
1,340
|
-
|
858.6
|
-
|
1,299
|
1,340
|
EBIT
|
508.2
|
-
|
727.5
|
288.3
|
906.7
|
-
|
-
|
-
|
-
|
-
|
Operating Margin
|
17.1%
|
-
|
26.8%
|
8.9%
|
15.23%
|
-
|
-
|
-
|
-
|
-
|
Earnings before Tax (EBT)
|
476.2
|
-
|
631.3
|
307.4
|
938.7
|
-
|
440.7
|
-
|
-
|
-
|
Net income
1 |
499.7
|
334.6
|
612.9
|
304.9
|
917.8
|
552.8
|
509.8
|
603.2
|
1,001
|
598.6
|
Net margin
|
16.81%
|
15.71%
|
22.58%
|
9.42%
|
15.42%
|
-
|
11.31%
|
-
|
18.28%
|
8.01%
|
EPS
|
-
|
-
|
-
|
-
|
-
|
1.746
|
-
|
1.873
|
-
|
-
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
10/08/21
|
19/02/22
|
05/05/22
|
10/08/22
|
10/08/22
|
27/10/22
|
22/02/23
|
07/08/23
|
01/11/23
|
29/05/24
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
2,283
|
1,629
|
1,311
|
-
|
1,157
|
4,234
|
3,424
|
3,456
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
3.734
x
|
1.701
x
|
0.8862
x
|
-
|
0.2852
x
|
0.6879
x
|
0.3824
x
|
0.3057
x
|
Free Cash Flow
1 |
643
|
743
|
1,331
|
-
|
2,131
|
2,067
|
1,957
|
4,690
|
ROE (net income / shareholders' equity)
|
12.5%
|
46.2%
|
53.6%
|
-
|
32%
|
54.7%
|
60.1%
|
48.9%
|
ROA (Net income/ Total Assets)
|
2.32%
|
9.52%
|
12.3%
|
-
|
-
|
-
|
-
|
-
|
Assets
1 |
4,919
|
5,670
|
8,175
|
-
|
-
|
-
|
-
|
-
|
Book Value Per Share
2 |
-
|
4.710
|
7.330
|
-
|
-
|
22.60
|
33.80
|
-
|
Cash Flow per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Capex
1 |
268
|
242
|
440
|
-
|
1,341
|
3,246
|
3,919
|
3,062
|
Capex / Sales
|
7.53%
|
5.71%
|
6.63%
|
-
|
5.06%
|
10.58%
|
9%
|
5.61%
|
Announcement Date
|
19/02/20
|
19/02/21
|
19/02/22
|
22/02/23
|
18/03/24
|
-
|
-
|
-
|
Average target price
118.5
TRY Spread / Average Target +10.71% Consensus |
1st Jan change
|
Capi.
|
---|
| +38.51% | 1.05B | | +24.12% | 7.49B | | +0.07% | 6.59B | | +13.98% | 5.96B | | +20.23% | 4.13B | | -1.10% | 4B | | -3.28% | 3.7B | | +20.35% | 3.38B | | +48.29% | 3.03B | | +7.01% | 1.68B |
Tire & Tube Manufacturers
|