Market Closed -
Borsa Istanbul
16:09:09 28/06/2024 BST
|
5-day change
|
1st Jan Change
|
102.3
TRY
|
+1.19%
|
|
+9.41%
|
+38.34%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
1,518
|
3,134
|
4,162
|
6,975
|
7,395
|
10,230
|
-
|
-
|
Enterprise Value (EV)
1 |
1,518
|
3,134
|
3,995
|
6,588
|
6,974
|
9,365
|
8,563
|
10,230
|
P/E ratio
|
17.6
x
|
-
|
15.2
x
|
16.2
x
|
50.3
x
|
11
x
|
7.06
x
|
-
|
Yield
|
-
|
-
|
2.16%
|
1.29%
|
-
|
3.51%
|
5.52%
|
-
|
Capitalization / Revenue
|
3.6
x
|
5.75
x
|
5.43
x
|
4.52
x
|
2.49
x
|
2.25
x
|
1.55
x
|
1.18
x
|
EV / Revenue
|
3.6
x
|
5.75
x
|
5.21
x
|
4.27
x
|
2.34
x
|
2.06
x
|
1.3
x
|
1.18
x
|
EV / EBITDA
|
10.7
x
|
17.7
x
|
14
x
|
13.4
x
|
9.6
x
|
7.81
x
|
4.51
x
|
3.85
x
|
EV / FCF
|
22.1
x
|
-
|
17.2
x
|
13.8
x
|
-12.7
x
|
16.9
x
|
9.51
x
|
6.36
x
|
FCF Yield
|
4.53%
|
-
|
5.83%
|
7.24%
|
-7.85%
|
5.91%
|
10.5%
|
15.7%
|
Price to Book
|
3.93
x
|
-
|
4.54
x
|
5.11
x
|
2.91
x
|
4.62
x
|
3.03
x
|
-
|
Nbr of stocks (in thousands)
|
99,901
|
99,901
|
100,000
|
100,000
|
100,000
|
100,000
|
-
|
-
|
Reference price
2 |
15.20
|
31.38
|
41.62
|
69.75
|
73.95
|
102.3
|
102.3
|
102.3
|
Announcement Date
|
19/02/20
|
17/02/21
|
17/02/22
|
27/02/23
|
21/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
422.1
|
545
|
766.8
|
1,541
|
2,975
|
4,544
|
6,606
|
8,637
|
EBITDA
1 |
142.3
|
177.2
|
286.3
|
493
|
726.3
|
1,198
|
1,898
|
2,654
|
EBIT
1 |
92.26
|
-
|
207.4
|
375.4
|
342
|
943.5
|
1,553
|
2,159
|
Operating Margin
|
21.86%
|
-
|
27.05%
|
24.35%
|
11.5%
|
20.76%
|
23.51%
|
25%
|
Earnings before Tax (EBT)
1 |
91.51
|
-
|
300.1
|
454.1
|
187.6
|
1,050
|
1,666
|
-
|
Net income
1 |
86.31
|
114.5
|
264.6
|
415.7
|
140.2
|
998.5
|
1,450
|
-
|
Net margin
|
20.45%
|
21.01%
|
34.52%
|
26.97%
|
4.71%
|
21.97%
|
21.94%
|
-
|
EPS
2 |
0.8630
|
-
|
2.740
|
4.310
|
1.470
|
9.290
|
14.50
|
-
|
Free Cash Flow
1 |
68.85
|
-
|
232.9
|
477.3
|
-547.3
|
553.8
|
900.1
|
1,608
|
FCF margin
|
16.31%
|
-
|
30.37%
|
30.96%
|
-18.39%
|
12.19%
|
13.63%
|
18.62%
|
FCF Conversion (EBITDA)
|
48.4%
|
-
|
81.36%
|
96.81%
|
-
|
46.2%
|
47.43%
|
60.59%
|
FCF Conversion (Net income)
|
79.77%
|
-
|
88%
|
114.82%
|
-
|
55.46%
|
62.1%
|
-
|
Dividend per Share
2 |
-
|
-
|
0.9000
|
0.9000
|
-
|
3.590
|
5.650
|
-
|
Announcement Date
|
19/02/20
|
17/02/21
|
17/02/22
|
27/02/23
|
21/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
2024 Q1
|
---|
Net sales
1 |
280.6
|
269.1
|
367.7
|
382.8
|
521.9
|
452.1
|
572.3
|
636.8
|
1,314
|
970.1
|
EBITDA
1 |
82.23
|
113.6
|
157.9
|
120.6
|
101
|
141.8
|
173.9
|
169.3
|
241.3
|
287.1
|
EBIT
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Operating Margin
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Earnings before Tax (EBT)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
-
|
92.6
|
146.8
|
113.4
|
62.83
|
61.96
|
268.1
|
125.6
|
-315.5
|
-35.52
|
Net margin
|
-
|
34.41%
|
39.93%
|
29.63%
|
12.04%
|
13.71%
|
46.85%
|
19.73%
|
-24.01%
|
-3.66%
|
EPS
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
17/02/22
|
10/05/22
|
16/08/22
|
08/11/22
|
27/02/23
|
09/05/23
|
08/08/23
|
31/10/23
|
21/03/24
|
22/05/24
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net Cash position
1 |
-
|
-
|
167
|
387
|
421
|
865
|
1,667
|
-
|
Leverage (Debt/EBITDA)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Free Cash Flow
1 |
68.8
|
-
|
233
|
477
|
-547
|
554
|
900
|
1,608
|
ROE (net income / shareholders' equity)
|
25.3%
|
24.9%
|
37.4%
|
37.8%
|
23.5%
|
51.7%
|
49.6%
|
-
|
ROA (Net income/ Total Assets)
|
12.9%
|
12.2%
|
18.2%
|
18.6%
|
11.2%
|
22%
|
-
|
-
|
Assets
1 |
669.4
|
936.6
|
1,452
|
2,237
|
1,256
|
4,539
|
-
|
-
|
Book Value Per Share
2 |
3.870
|
-
|
9.160
|
13.60
|
25.40
|
22.20
|
33.80
|
-
|
Cash Flow per Share
2 |
1.360
|
-
|
3.860
|
7.800
|
13.90
|
15.30
|
22.40
|
-
|
Capex
1 |
67.2
|
-
|
140
|
275
|
680
|
726
|
1,095
|
1,193
|
Capex / Sales
|
15.92%
|
-
|
18.29%
|
17.83%
|
22.84%
|
15.97%
|
16.57%
|
13.81%
|
Announcement Date
|
19/02/20
|
17/02/21
|
17/02/22
|
27/02/23
|
21/03/24
|
-
|
-
|
-
|
Last Close Price
102.3
TRY Average target price
113
TRY Spread / Average Target +10.48% Consensus |
1st Jan change
|
Capi.
|
---|
| +38.34% | 312M | | -6.88% | 246B | | +3.39% | 60.34B | | -19.02% | 59.31B | | +1.63% | 53.33B | | +1.84% | 37.02B | | -11.40% | 28.07B | | +108.83% | 27.38B | | +3.84% | 21.75B | | +5.34% | 14.03B |
Application Software
|