Financials Karsan Otomotiv Sanayii ve Ticaret

Equities

KARSN

TRAKARSN91H7

Auto & Truck Manufacturers

Market Closed - Borsa Istanbul 11:09:59 2024-04-26 am EDT 5-day change 1st Jan Change
13.2 TRY +1.54% Intraday chart for Karsan Otomotiv Sanayii ve Ticaret +19.78% +54.75%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 768 948 2,925 3,096 11,241 7,677
Enterprise Value (EV) 1 2,292 2,399 4,388 4,996 14,320 10,456
P/E ratio -32.8 x 53.1 x 144 x 31.3 x 89.5 x 12.1 x
Yield - - - - - -
Capitalization / Revenue 0.46 x 0.5 x 1.69 x 1.47 x 3.75 x 0.98 x
EV / Revenue 1.36 x 1.27 x 2.53 x 2.38 x 4.78 x 1.34 x
EV / EBITDA 6.44 x 6.34 x 9.87 x 13.2 x 30.7 x 15.9 x
EV / FCF -15.8 x -8.27 x -467 x -109 x -15.8 x 7.36 x
FCF Yield -6.32% -12.1% -0.21% -0.92% -6.33% 13.6%
Price to Book 2.34 x 2.13 x 3.99 x 3.13 x 6.36 x 1.46 x
Nbr of stocks (in thousands) 600,000 600,000 900,000 900,000 900,000 900,000
Reference price 2 1.280 1.580 3.250 3.440 12.49 8.530
Announcement Date 3/11/19 3/6/20 3/3/21 3/9/22 3/8/23 4/18/24
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,683 1,882 1,732 2,100 2,994 7,824
EBITDA 1 355.8 378.1 444.5 378.2 465.8 659
EBIT 1 331.5 355.1 422.6 351.8 437 533.7
Operating Margin 19.69% 18.87% 24.4% 16.75% 14.6% 6.82%
Earnings before Tax (EBT) 1 -37.1 24.73 56.58 53.57 24.47 -211
Net income 1 -23.39 18.02 20.32 98.89 125.5 636.6
Net margin -1.39% 0.96% 1.17% 4.71% 4.19% 8.14%
EPS 2 -0.0390 0.0298 0.0226 0.1099 0.1395 0.7073
Free Cash Flow 1 -144.8 -290.2 -9.396 -45.96 -906.1 1,421
FCF margin -8.6% -15.42% -0.54% -2.19% -30.26% 18.16%
FCF Conversion (EBITDA) - - - - - 215.6%
FCF Conversion (Net income) - - - - - 223.19%
Dividend per Share - - - - - -
Announcement Date 3/11/19 3/6/20 3/3/21 3/9/22 3/8/23 4/18/24
1TRY in Million2TRY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,524 1,451 1,463 1,900 3,079 2,779
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 4.282 x 3.836 x 3.292 x 5.024 x 6.61 x 4.218 x
Free Cash Flow 1 -145 -290 -9.4 -46 -906 1,421
ROE (net income / shareholders' equity) -6.85% 4.1% 3.07% 12.6% 10.9% 12.4%
ROA (Net income/ Total Assets) 9.9% 9.07% 10.1% 6.81% 5.44% 2.66%
Assets 1 -236.3 198.8 200.4 1,452 2,307 23,921
Book Value Per Share 2 0.5500 0.7400 0.8100 1.100 1.970 5.830
Cash Flow per Share 2 0.1400 0.0500 0.0800 0.1100 0.0500 1.140
Capex 1 43.6 32.7 30.6 144 200 459
Capex / Sales 2.59% 1.73% 1.76% 6.85% 6.68% 5.86%
Announcement Date 3/11/19 3/6/20 3/3/21 3/9/22 3/8/23 4/18/24
1TRY in Million2TRY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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