Financials Indeks Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret Anonim Sirketi

Equities

INDES

TREINDX00019

Computer Hardware

Market Closed - Borsa Istanbul 16:08:01 28/06/2024 BST 5-day change 1st Jan Change
8.29 TRY +0.12% Intraday chart for Indeks Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret Anonim Sirketi -5.26% +39.09%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 334.3 543.2 1,071 1,487 4,686 4,470
Enterprise Value (EV) 1 178.2 716.4 616.9 520.1 3,094 2,426
P/E ratio 2.75 x 5.87 x 7.47 x 3.69 x 8.5 x 8.8 x
Yield - - 1.03% - 4.04% -
Capitalization / Revenue 0.09 x 0.11 x 0.1 x 0.11 x 0.19 x 0.09 x
EV / Revenue 0.05 x 0.14 x 0.06 x 0.04 x 0.12 x 0.05 x
EV / EBITDA 1.76 x 4.76 x 2.35 x 1.24 x 2.95 x 0.92 x
EV / FCF -8.38 x -2.07 x 0.87 x 2.05 x 5.21 x 3.27 x
FCF Yield -11.9% -48.2% 116% 48.9% 19.2% 30.6%
Price to Book 0.89 x 1.24 x 1.93 x 1.57 x 3.24 x 1.39 x
Nbr of stocks (in thousands) 750,017 750,017 750,017 750,017 750,017 750,000
Reference price 2 0.4458 0.7243 1.428 1.983 6.248 5.960
Announcement Date 11/03/19 09/03/20 01/03/21 28/02/22 28/02/23 17/05/24
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 3,903 5,028 10,255 13,092 25,012 49,234
EBITDA 1 101.3 150.6 263 418.3 1,049 2,640
EBIT 1 97.95 146.9 253.8 408 1,037 2,608
Operating Margin 2.51% 2.92% 2.47% 3.12% 4.15% 5.3%
Earnings before Tax (EBT) 1 170.6 131.4 225.1 632 804.1 837.1
Net income 1 121.6 92.5 143.3 403 551.5 508.2
Net margin 3.12% 1.84% 1.4% 3.08% 2.2% 1.03%
EPS 2 0.1622 0.1233 0.1911 0.5374 0.7353 0.6776
Free Cash Flow 1 -21.25 -345.6 712.8 254.2 593.5 741.4
FCF margin -0.54% -6.87% 6.95% 1.94% 2.37% 1.51%
FCF Conversion (EBITDA) - - 271.04% 60.78% 56.59% 28.08%
FCF Conversion (Net income) - - 497.25% 63.08% 107.61% 145.88%
Dividend per Share - - 0.0147 - 0.2524 -
Announcement Date 11/03/19 09/03/20 01/03/21 28/02/22 28/02/23 17/05/24
1TRY in Million2TRY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q4 2022 Q2 2022 Q3 2022 Q4 2023 Q2
Net sales 1 4,022 - - 8,126 8,232
EBITDA 1 151.2 - - 439.9 433.7
EBIT - - - - -
Operating Margin - - - - -
Earnings before Tax (EBT) - - - - -
Net income 266.3 136.3 166.2 145.8 -
Net margin 6.62% - - 1.79% -
EPS - 0.1817 0.2216 - -
Dividend per Share - - - - -
Announcement Date 28/02/22 16/08/22 07/11/22 28/02/23 16/08/23
1TRY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - 173 - - - -
Net Cash position 1 156 - 454 967 1,593 2,044
Leverage (Debt/EBITDA) - 1.15 x - - - -
Free Cash Flow 1 -21.3 -346 713 254 593 741
ROE (net income / shareholders' equity) 33.3% 22.5% 27% 49.7% 43% 12.3%
ROA (Net income/ Total Assets) 3.54% 4.85% 4.9% 4.63% 8.44% 10.2%
Assets 1 3,435 1,908 2,927 8,703 6,538 4,973
Book Value Per Share 2 0.5000 0.5900 0.7400 1.260 1.930 4.290
Cash Flow per Share 2 0.5900 0.3700 1.760 2.790 3.160 4.150
Capex 1 24.3 6.99 2.32 5.18 3.11 41.3
Capex / Sales 0.62% 0.14% 0.02% 0.04% 0.01% 0.08%
Announcement Date 11/03/19 09/03/20 01/03/21 28/02/22 28/02/23 17/05/24
1TRY in Million2TRY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
8.29 TRY
Average target price
12.56 TRY
Spread / Average Target
+51.57%
Consensus

Chiffre d''affaires - Rate of surprise

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  4. Financials Indeks Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret Anonim Sirketi