Financials Indeks Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret Anonim Sirketi

Equities

INDES

TREINDX00019

Computer Hardware

Market Closed - Borsa Istanbul 11:09:48 2024-04-26 am EDT 5-day change 1st Jan Change
9.26 TRY -0.43% Intraday chart for Indeks Bilgisayar Sistemleri Mühendislik Sanayi ve Ticaret Anonim Sirketi +2.89% +55.37%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 644 334.3 543.2 1,071 1,487 4,686
Enterprise Value (EV) 1 516.8 178.2 716.4 616.9 520.1 3,094
P/E ratio 4.14 x 2.75 x 5.87 x 7.47 x 3.69 x 8.5 x
Yield - - - 1.03% - 4.04%
Capitalization / Revenue 0.14 x 0.09 x 0.11 x 0.1 x 0.11 x 0.19 x
EV / Revenue 0.11 x 0.05 x 0.14 x 0.06 x 0.04 x 0.12 x
EV / EBITDA 4.52 x 1.76 x 4.76 x 2.35 x 1.24 x 2.95 x
EV / FCF -9.59 x -8.38 x -2.07 x 0.87 x 2.05 x 5.21 x
FCF Yield -10.4% -11.9% -48.2% 116% 48.9% 19.2%
Price to Book 2.03 x 0.89 x 1.24 x 1.93 x 1.57 x 3.24 x
Nbr of stocks (in thousands) 750,017 750,017 750,017 750,017 750,017 750,017
Reference price 2 0.8587 0.4458 0.7243 1.428 1.983 6.248
Announcement Date 3/5/18 3/11/19 3/9/20 3/1/21 2/28/22 2/28/23
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 4,720 3,903 5,028 10,255 13,092 25,012
EBITDA 1 114.3 101.3 150.6 263 418.3 1,049
EBIT 1 111.5 97.95 146.9 253.8 408 1,037
Operating Margin 2.36% 2.51% 2.92% 2.47% 3.12% 4.15%
Earnings before Tax (EBT) 1 211.4 170.6 131.4 225.1 632 804.1
Net income 1 155.5 121.6 92.5 143.3 403 551.5
Net margin 3.29% 3.12% 1.84% 1.4% 3.08% 2.2%
EPS 2 0.2073 0.1622 0.1233 0.1911 0.5374 0.7353
Free Cash Flow 1 -53.89 -21.25 -345.6 712.8 254.2 593.5
FCF margin -1.14% -0.54% -6.87% 6.95% 1.94% 2.37%
FCF Conversion (EBITDA) - - - 271.04% 60.78% 56.59%
FCF Conversion (Net income) - - - 497.25% 63.08% 107.61%
Dividend per Share - - - 0.0147 - 0.2524
Announcement Date 3/5/18 3/11/19 3/9/20 3/1/21 2/28/22 2/28/23
1TRY in Million2TRY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q2 2021 Q3 2021 Q4 2022 Q2 2022 Q3 2022 Q4 2023 Q2
Net sales 1 - 3,302 4,022 - - 8,126 8,232
EBITDA 1 - 104.5 151.2 - - 439.9 433.7
EBIT - - - - - - -
Operating Margin - - - - - - -
Earnings before Tax (EBT) - - - - - - -
Net income 32.48 49.63 266.3 136.3 166.2 145.8 -
Net margin - 1.5% 6.62% - - 1.79% -
EPS 0.0433 - - 0.1817 0.2216 - -
Dividend per Share - - - - - - -
Announcement Date 8/16/21 11/8/21 2/28/22 8/16/22 11/7/22 2/28/23 8/16/23
1TRY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - 173 - - -
Net Cash position 1 127 156 - 454 967 1,593
Leverage (Debt/EBITDA) - - 1.15 x - - -
Free Cash Flow 1 -53.9 -21.3 -346 713 254 593
ROE (net income / shareholders' equity) 58% 33.3% 22.5% 27% 49.7% 43%
ROA (Net income/ Total Assets) 4.15% 3.54% 4.85% 4.9% 4.63% 8.44%
Assets 1 3,751 3,435 1,908 2,927 8,703 6,538
Book Value Per Share 2 0.4200 0.5000 0.5900 0.7400 1.260 1.930
Cash Flow per Share 2 0.3800 0.5900 0.3700 1.760 2.790 3.160
Capex 1 2.51 24.3 6.99 2.32 5.18 3.11
Capex / Sales 0.05% 0.62% 0.14% 0.02% 0.04% 0.01%
Announcement Date 3/5/18 3/11/19 3/9/20 3/1/21 2/28/22 2/28/23
1TRY in Million2TRY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
9.26 TRY
Average target price
10.89 TRY
Spread / Average Target
+17.60%
Consensus

Quarterly revenue - Rate of surprise

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