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MarketScreener Homepage  >  Equities  >  ISTANBUL STOCK EXCHANGE  >  Eregli Demir ve Celik Fabrikalari T.A.S.    EREGL   TRAEREGL91G3

EREGLI DEMIR VE CELIK FABRIKALARI T.A.S.

(EREGL)
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Eregli Demir ve Celik Fabrikalari T : -- Material Event Disclosure (General)

11/09/2020 | 04:04pm EST

Company executives were authorized by the Company to initiate negotiations with Yıldız Holding A.Ş. and Gözde Girişim Sermayesi Yatırım Ortaklığı A.Ş. to buy the shares of Kümaş Manyezit Sanayi A.Ş., market leader of Turkey's refractory industry.

It is planned to submit a binding offer by our Company after the due diligence regarding financial, legal and operational processes of Kümaş Manyezit Sanayi A.Ş. which has been operating in Kütahya since 1972 and joined Yıldız Holding A.Ş. in 2012.

Developments regarding these works and negotiations will be announced to our investors via the Public Disclosure Platform in accordance with the Communique on Material Events Disclosure numbered II-15.1.

In contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.

Disclaimer

Eregli Demir ve Çelik Fabrikalari TAS published this content on 09 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2020 21:03:07 UTC


© Publicnow 2020
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Financials
Sales 2020 31 838 M 4 260 M 4 260 M
Net income 2020 2 711 M 363 M 363 M
Net cash 2020 7 191 M 962 M 962 M
P/E ratio 2020 18,6x
Yield 2020 7,30%
Capitalization 55 825 M 7 464 M 7 470 M
EV / Sales 2020 1,53x
EV / Sales 2021 1,14x
Nbr of Employees 11 453
Free-Float 38,6%
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 13
Average target price 16,22 TRY
Last Close Price 15,95 TRY
Spread / Highest target 33,7%
Spread / Average Target 1,67%
Spread / Lowest Target -38,6%
EPS Revisions
Managers and Directors
NameTitle
Salih Cem Oral General Manager
Süleyman Savas Erdem Chairman
Ural Durusu Executive Vice President-Operations
Ibrahim Emrah Silav Chief Financial Officer
Eric Vitse Chief Technology Officer
Sector and Competitors
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EREGLI DEMIR VE CELIK FABRIKALARI T.A.S.7 464
ARCELORMITTAL6.91%25 779
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NUCOR4.29%16 748
NIPPON STEEL CORPORATION3.05%12 105
TATA STEEL LIMITED5.76%10 508