Financials Kartonsan Karton Sanayi ve Ticaret

Equities

KARTN

TRAKARTN91D4

Paper Packaging

Market Closed - Borsa Istanbul 16:09:36 29/04/2024 BST 5-day change 1st Jan Change
141.2 TRY +9.97% Intraday chart for Kartonsan Karton Sanayi ve Ticaret +5.22% +94.76%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 803.7 925.7 1,106 7,166 3,994 7,440
Enterprise Value (EV) 1 770 832.5 1,020 6,987 3,579 7,066
P/E ratio 20.9 x 8.16 x 13.6 x 52.2 x 10.5 x 10.6 x
Yield - - - - - 1.85%
Capitalization / Revenue 1.68 x 1.45 x 1.5 x 7.97 x 2.51 x 2.21 x
EV / Revenue 1.61 x 1.31 x 1.38 x 7.77 x 2.25 x 2.1 x
EV / EBITDA 10.2 x 5.55 x 9.31 x 38.6 x 9.06 x 9.49 x
EV / FCF 18.8 x 18.3 x -3,551 x 103 x 23.8 x -59.4 x
FCF Yield 5.32% 5.45% -0.03% 0.97% 4.21% -1.68%
Price to Book 2.57 x 2.27 x 2.43 x 12.5 x 4.5 x 5.29 x
Nbr of stocks (in thousands) 75,000 75,000 75,000 75,000 75,000 75,000
Reference price 2 10.72 12.34 14.75 95.55 53.25 99.20
Announcement Date 15/02/18 19/02/19 21/02/20 23/02/21 02/03/22 01/03/23
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 479.5 637.1 737.2 898.9 1,589 3,364
EBITDA 1 75.73 150.1 109.6 181.2 394.9 744.2
EBIT 1 50.14 123.2 79.75 151.3 357.6 693.2
Operating Margin 10.46% 19.34% 10.82% 16.84% 22.51% 20.6%
Earnings before Tax (EBT) 1 47.74 133.2 85.8 172.9 470.9 822
Net income 1 38.43 113.5 81.34 137.3 379 705
Net margin 8.01% 17.82% 11.03% 15.27% 23.86% 20.96%
EPS 2 0.5124 1.513 1.085 1.830 5.054 9.400
Free Cash Flow 1 40.97 45.38 -0.2874 67.53 150.5 -119
FCF margin 8.54% 7.12% -0.04% 7.51% 9.48% -3.54%
FCF Conversion (EBITDA) 54.1% 30.24% - 37.26% 38.12% -
FCF Conversion (Net income) 106.62% 39.98% - 49.2% 39.72% -
Dividend per Share - - - - - 1.837
Announcement Date 15/02/18 19/02/19 21/02/20 23/02/21 02/03/22 01/03/23
1TRY in Million2TRY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 33.8 93.2 85.7 179 414 374
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 41 45.4 -0.29 67.5 151 -119
ROE (net income / shareholders' equity) 12.9% 31.5% 18.8% 26.7% 51.9% 61.4%
ROA (Net income/ Total Assets) 8.62% 17.8% 9.61% 15.2% 23.7% 29%
Assets 1 445.6 636.2 846.1 905.2 1,596 2,428
Book Value Per Share 2 4.170 5.430 6.080 7.650 11.80 18.80
Cash Flow per Share 2 0.4500 1.250 1.200 2.470 5.610 5.060
Capex 1 11.5 25.9 46.8 59.3 104 170
Capex / Sales 2.4% 4.06% 6.35% 6.6% 6.52% 5.04%
Announcement Date 15/02/18 19/02/19 21/02/20 23/02/21 02/03/22 01/03/23
1TRY in Million2TRY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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