Valuation Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi

Equities

Market Closed - Borsa Istanbul Other stock markets 10:09:57 2026-01-20 am EST			5-day change	1st Jan Change
17.09 ^TRY	-5.21%		+4.21%	+8.78%

Jan. 12	Anadolu Efes says it expects 2026 consolidated sales volume growth to be at mid-single digits	RE
Jan. 12	Anadolu Efes says 2025 sales volume up 7% YoY	RE

Data adjusted to current consolidation scope

Fiscal Period: December	2020	2021	2022	2023	2024	2025	2026	2027
Capitalization ¹	13,725	17,538	40,115	81,414	113,447	106,757	106,757	-
Change	-	27.78%	128.73%	102.95%	39.35%	-5.9%	0%	-
Enterprise Value (EV) ¹	17,341	28,450	53,130	98,835	114,847	176,649	169,744	154,668
Change	-	64.06%	86.74%	86.03%	16.2%	53.81%	-3.91%	-8.88%
P/E ratio	16.8x	16.4x	11.7x	3.68x	8.65x	9.25x	6.77x	-
PBR	1.07x	0.94x	-	1.26x	1.35x	1.11x	0.82x	0.67x
PEG	-	0.5x	0x	0x	-0.2x	-0.8x	0.2x	-
Capitalization / Revenue	0.51x	0.45x	0.44x	0.51x	0.49x	0.46x	0.35x	0.28x
EV / Revenue	0.65x	0.72x	0.59x	0.62x	0.5x	0.76x	0.55x	0.4x
EV / EBITDA	3.4x	4.05x	3.05x	3.65x	3.01x	4.54x	3.14x	2.16x
EV / EBIT	6.38x	6.48x	4.36x	4.97x	4.3x	6.56x	3.81x	2.63x
EV / FCF	-	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-	-
Dividend per Share ²	0.1935	0.1854	-	0.235	-	0.39	0.2972	0.2338
Rate of return	8.35%	6.26%	-	1.71%	-	2.16%	1.65%	1.3%
EPS ²	0.1376	0.1804	0.5791	3.737	2.215	1.95	2.662	-
Distribution rate	141%	103%	-	6.29%	-	20%	11.2%	-
Net sales ¹	26,743	39,296	90,504	159,877	231,354	232,782	306,233	386,764
EBITDA ¹	5,094	7,024	17,419	27,045	38,191	38,891	54,066	71,730
EBIT ¹	2,717	4,393	12,175	19,892	26,737	26,928	44,569	58,882
Net income ¹	814.8	1,068	3,429	22,129	13,117	11,519	14,448	-
Net Debt ¹	3,616	10,912	13,015	17,420	1,399	69,892	62,987	47,911
Reference price ²	2.32	2.96	6.78	13.75	19.16	18.03	18.03	18.03
Nbr of stocks (in thousands)	5,921,053	5,921,053	5,921,053	5,921,053	5,921,053	5,921,053	5,921,053	-
Announcement Date	2/25/21	2/23/22	2/28/23	3/21/24	3/5/25	-	-	-

¹TRY in Million²TRY

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
ANADOLU EFES BIRACILIK VE MALT SANAYII ANONIM SIRKETI	9.25x	0.76x	4.54x	2.16%	2.47B
ANHEUSER-BUSCH INBEV SA/NV	20.19x	3.22x	9.01x	1.83%	133B
HEINEKEN N.V.	18.16x	1.79x	8.13x	2.79%	43.31B
AMBEV S.A.	14.31x	2.24x	6.86x	6.19%	41.04B
CONSTELLATION BRANDS, INC.	15.21x	4.19x	11.34x	2.61%	27.16B
HEINEKEN HOLDING N.V.	17.89x	-	-	-	19.79B
CARLSBERG A/S	15.79x	1.98x	9.46x	3.39%	18.25B
ASAHI GROUP HOLDINGS, LTD.	14.23x	1.26x	8.77x	3.05%	15.51B
BUDWEISER BREWING COMPANY APAC LIMITED	20.96x	1.78x	6.42x	5.45%	12.88B
Average	16.22x	2.15x	8.07x	3.43%	34.87B
Weighted average by Cap.	17.96x	2.70x	8.66x	2.98%