Market Closed -
Borsa Istanbul
16:09:59 02/05/2024 BST
|
5-day change
|
1st Jan Change
|
1,035
TRY
|
+0.10%
|
|
+6.92%
|
+59.35%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
8,839
|
7,632
|
8,690
|
49,104
|
66,444
|
105,880
|
-
|
-
|
Enterprise Value (EV)
1 |
15,256
|
23,038
|
38,380
|
97,284
|
66,444
|
197,822
|
210,483
|
207,568
|
P/E ratio
|
6.63
x
|
-3.88
x
|
-4.41
x
|
6.92
x
|
3.18
x
|
8.32
x
|
6.59
x
|
6.33
x
|
Yield
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Capitalization / Revenue
|
0.8
x
|
1.59
x
|
0.81
x
|
1.15
x
|
0.94
x
|
1.02
x
|
0.79
x
|
0.69
x
|
EV / Revenue
|
1.38
x
|
4.8
x
|
3.6
x
|
2.28
x
|
0.94
x
|
1.9
x
|
1.56
x
|
1.34
x
|
EV / EBITDA
|
4.23
x
|
47.9
x
|
16.9
x
|
6.9
x
|
3.07
x
|
6.35
x
|
4.61
x
|
4.31
x
|
EV / FCF
|
5.04
x
|
-
|
-1,261
x
|
10.9
x
|
-
|
12.4
x
|
18.8
x
|
8.51
x
|
FCF Yield
|
19.8%
|
-
|
-0.08%
|
9.19%
|
-
|
8.09%
|
5.32%
|
11.8%
|
Price to Book
|
1.65
x
|
1.42
x
|
1.28
x
|
2.72
x
|
-
|
1.49
x
|
1.02
x
|
0.8
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
|
1,035
|
1,035
|
1,035
|
Announcement Date
|
03/03/20
|
04/03/21
|
04/03/22
|
06/03/23
|
04/03/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
11,025
|
4,804
|
10,664
|
42,732
|
70,532
|
104,119
|
134,821
|
154,351
|
EBITDA
1 |
3,610
|
481.3
|
2,271
|
14,099
|
21,626
|
31,129
|
45,616
|
48,123
|
EBIT
1 |
2,062
|
-1,702
|
-545.5
|
9,634
|
13,823
|
18,192
|
21,852
|
29,946
|
Operating Margin
|
18.7%
|
-35.43%
|
-5.11%
|
22.55%
|
19.6%
|
17.47%
|
16.21%
|
19.4%
|
Earnings before Tax (EBT)
1 |
1,394
|
-2,025
|
-2,057
|
6,619
|
10,115
|
10,613
|
15,207
|
22,633
|
Net income
1 |
1,333
|
-1,965
|
-1,972
|
7,100
|
20,908
|
9,209
|
15,137
|
18,106
|
Net margin
|
12.09%
|
-40.91%
|
-18.5%
|
16.62%
|
29.64%
|
8.84%
|
11.23%
|
11.73%
|
EPS
2 |
13.03
|
-19.21
|
-19.28
|
69.41
|
204.4
|
124.4
|
157.0
|
163.4
|
Free Cash Flow
1 |
3,026
|
-
|
-30.44
|
8,940
|
-
|
16,001
|
11,196
|
24,405
|
FCF margin
|
27.45%
|
-
|
-0.29%
|
20.92%
|
-
|
15.37%
|
8.3%
|
15.81%
|
FCF Conversion (EBITDA)
|
83.83%
|
-
|
-
|
63.41%
|
-
|
51.4%
|
24.54%
|
50.71%
|
FCF Conversion (Net income)
|
226.95%
|
-
|
-
|
125.91%
|
-
|
173.75%
|
73.97%
|
134.79%
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
03/03/20
|
04/03/21
|
04/03/22
|
06/03/23
|
04/03/24
|
-
|
-
|
-
|
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
|
09/11/21
|
04/03/22
|
10/05/22
|
15/08/22
|
09/11/22
|
06/03/23
|
10/05/23
|
14/08/23
|
08/11/23
|
04/03/24
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
6,417
|
15,407
|
29,689
|
48,180
|
-
|
91,942
|
104,603
|
101,688
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
1.778
x
|
32.01
x
|
13.07
x
|
3.417
x
|
-
|
2.954
x
|
2.293
x
|
2.113
x
|
Free Cash Flow
1 |
3,026
|
-
|
-30.4
|
8,940
|
-
|
16,001
|
11,196
|
24,405
|
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%
|
-
|
6.67%
|
6.8%
|
-
|
Assets
1 |
17,362
|
25,065
|
40,984
|
74,383
|
-
|
138,134
|
222,597
|
-
|
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
|
12,043
|
8,028
|
Capex / Sales
|
1.34%
|
-
|
33.21%
|
-
|
-
|
20.53%
|
8.93%
|
5.2%
|
Announcement Date
|
03/03/20
|
04/03/21
|
04/03/22
|
06/03/23
|
04/03/24
|
-
|
-
|
-
|
Last Close Price
1,035
TRY Average target price
1,098
TRY Spread / Average Target +6.10% Consensus |
1st Jan change
|
Capi.
|
---|
| +59.35% | 3.26B | | +26.85% | 32.28B | | +6.37% | 24.47B | | -0.46% | 19.84B | | +38.46% | 18.41B | | +25.25% | 16.66B | | -18.22% | 14.36B | | +42.28% | 13.85B | | -9.67% | 12.24B | | +15.03% | 10.63B |
Other Airlines
|