ARÇELIK ANONIM SIRKETI |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 168.2 TRY | -0.36% |
|
+3.38% | +30.89% |
| Apr. 26 | Arçelik Anonim Sirketi Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Mar. 07 | Arcelik, Whirlpool Deal Cleared by U.K. Competition Regulator | DJ |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 14,082 | 20,542 | 32,705 | 75,817 | 86,831 | 102,072 | - | - |
| Enterprise Value (EV) 1 | 22,100 | 25,615 | 49,270 | 102,727 | 133,988 | 183,097 | 195,497 | 216,306 |
| P/E ratio | 15.2 x | 7.21 x | 10.5 x | 15.9 x | 10.2 x | 8.44 x | 7.22 x | 4.69 x |
| Yield | - | 6.21% | 4.59% | - | - | 2.38% | 4.2% | 8.53% |
| Capitalization / Revenue | 0.44 x | 0.5 x | 0.48 x | 0.57 x | 0.34 x | 0.27 x | 0.21 x | 0.15 x |
| EV / Revenue | 0.69 x | 0.63 x | 0.72 x | 0.77 x | 0.52 x | 0.49 x | 0.41 x | 0.31 x |
| EV / EBITDA | 6.62 x | 5.06 x | 7.19 x | 8.66 x | - | 6.03 x | 4.27 x | 3.84 x |
| EV / FCF | 12.3 x | 5.47 x | -15.7 x | -127 x | -5.97 x | -9.5 x | -43.8 x | - |
| FCF Yield | 8.12% | 18.3% | -6.38% | -0.79% | -16.7% | -10.5% | -2.28% | - |
| Price to Book | 1.46 x | 1.49 x | 1.66 x | - | 1.47 x | 2.52 x | 1.92 x | - |
| Nbr of stocks (in thousands) | 675,728 | 675,728 | 675,728 | 675,728 | 675,728 | 606,852 | - | - |
| Reference price 2 | 20.84 | 30.40 | 48.40 | 112.2 | 128.5 | 168.2 | 168.2 | 168.2 |
| Announcement Date | 2/7/20 | 1/25/21 | 1/26/22 | 1/25/23 | 3/1/24 | - | - | - |
1TRY in Million2TRY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 31,942 | 40,872 | 68,184 | 133,916 | 257,104 | 372,203 | 481,803 | 689,352 |
| EBITDA 1 | 3,338 | 5,065 | 6,853 | 11,859 | - | 30,364 | 45,761 | 56,313 |
| EBIT 1 | 2,283 | 3,843 | 5,008 | 8,548 | - | 16,441 | 32,142 | 30,678 |
| Operating Margin | 7.15% | 9.4% | 7.34% | 6.38% | - | 4.42% | 6.67% | 4.45% |
| Earnings before Tax (EBT) 1 | 1,114 | 3,498 | 3,623 | 4,218 | 7,158 | 10,637 | 20,497 | - |
| Net income 1 | 924.8 | 2,848 | 3,065 | 4,325 | 7,667 | 7,724 | 14,247 | - |
| Net margin | 2.9% | 6.97% | 4.49% | 3.23% | 2.98% | 2.08% | 2.96% | - |
| EPS 2 | 1.369 | 4.214 | 4.608 | 7.048 | 12.64 | 19.93 | 23.31 | 35.86 |
| Free Cash Flow 1 | 1,795 | 4,686 | -3,143 | -811.5 | -22,433 | -19,279 | -4,458 | - |
| FCF margin | 5.62% | 11.46% | -4.61% | -0.61% | -8.73% | -5.18% | -0.93% | - |
| FCF Conversion (EBITDA) | 53.78% | 92.51% | - | - | - | - | - | - |
| FCF Conversion (Net income) | 194.12% | 164.53% | - | - | - | - | - | - |
| Dividend per Share 2 | - | 1.887 | 2.220 | - | - | 4.006 | 7.057 | 14.34 |
| Announcement Date | 2/7/20 | 1/25/21 | 1/26/22 | 1/25/23 | 3/1/24 | - | - | - |
1TRY in Million2TRY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 18,148 | 22,519 | 28,164 | 32,305 | 34,255 | 39,192 | 39,891 | 46,948 | 58,218 |
| EBITDA 1 | 1,761 | 1,779 | 3,002 | 2,341 | 2,915 | 3,601 | 3,673 | 5,006 | 6,414 |
| EBIT | 1,300 | 1,121 | 2,291 | - | 2,035 | - | 2,675 | 3,917 | - |
| Operating Margin | 7.16% | 4.98% | 8.13% | - | 5.94% | - | 6.71% | 8.34% | - |
| Earnings before Tax (EBT) | - | 974.4 | - | - | 231.4 | - | - | - | - |
| Net income 1 | 651.4 | 789.9 | 1,166 | 258.6 | 335.8 | 2,565 | 1,074 | 491.9 | 1,001 |
| Net margin | 3.59% | 3.51% | 4.14% | 0.8% | 0.98% | 6.54% | 2.69% | 1.05% | 1.72% |
| EPS | 0.9770 | 1.226 | - | - | - | - | 1.686 | 0.8110 | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - |
| Announcement Date | 10/21/21 | 1/26/22 | 4/22/22 | 7/26/22 | 10/21/22 | 1/25/23 | 4/19/23 | 7/21/23 | 10/20/23 |
1TRY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 8,018 | 5,073 | 16,565 | 26,910 | 47,156 | 81,025 | 93,424 | 114,233 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.402 x | 1.002 x | 2.417 x | 2.269 x | - | 2.668 x | 2.042 x | 2.029 x |
| Free Cash Flow 1 | 1,795 | 4,686 | -3,143 | -811 | -22,433 | -19,279 | -4,458 | - |
| ROE (net income / shareholders' equity) | 10.4% | 24.3% | 18.5% | 19.5% | 14.5% | 18.6% | 28.4% | 21.2% |
| ROA (Net income/ Total Assets) | 2.93% | 7.01% | 4.66% | 3.98% | 3.13% | 3.92% | 5.11% | - |
| Assets 1 | 31,549 | 40,639 | 65,814 | 108,661 | 245,276 | 197,064 | 279,008 | - |
| Book Value Per Share 2 | 14.30 | 20.50 | 29.10 | - | 87.60 | 66.80 | 87.70 | - |
| Cash Flow per Share 2 | 4.700 | 9.500 | -0.9400 | - | -14.20 | 6.030 | - | - |
| Capex 1 | 1,380 | 1,735 | 2,515 | 5,908 | 13,791 | 15,665 | 21,169 | 27,152 |
| Capex / Sales | 4.32% | 4.25% | 3.69% | 4.41% | 5.36% | 4.21% | 4.39% | 3.94% |
| Announcement Date | 2/7/20 | 1/25/21 | 1/26/22 | 1/25/23 | 3/1/24 | - | - | - |
1TRY in Million2TRY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
13
Last Close Price
168.2
TRY
Average target price
195.7
TRY
Spread / Average Target
+16.34%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +30.89% | 3.14B | |
| +22.79% | 28.64B | |
| +35.11% | 6.93B | |
| +81.37% | 6.43B | |
| -22.31% | 5.17B | |
| +0.22% | 3.3B | |
| +2.91% | 3.06B | |
| -0.02% | 3.04B | |
| +4.27% | 2.96B | |
| -1.92% | 2.96B |
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- Financials Arçelik Anonim Sirketi
