Financials Mazhar Zorlu Holding

Equities

MZHLD

TRAMZHLD94Q2

Non-Paper Containers & Packaging

Delayed Borsa Istanbul 06:42:39 2024-05-17 am EDT 5-day change 1st Jan Change
9.17 TRY +1.89% Intraday chart for Mazhar Zorlu Holding +3.62% +17.56%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 43.24 41.29 131 341.1 337.2 1,128
Enterprise Value (EV) 1 87.67 43.64 136.4 267.3 334.9 1,048
P/E ratio 3.68 x 1.84 x 26.9 x 7.14 x -12.4 x 27.2 x
Yield - - - - - -
Capitalization / Revenue 0.2 x 0.19 x 0.67 x 1.27 x 0.78 x 1.46 x
EV / Revenue 0.4 x 0.2 x 0.7 x 1 x 0.78 x 1.35 x
EV / EBITDA 2.3 x 1.27 x 6.46 x 8.32 x 9.94 x 16.6 x
EV / FCF -19.3 x 3.2 x -9.75 x -35 x -4.67 x -34.4 x
FCF Yield -5.18% 31.3% -10.3% -2.86% -21.4% -2.9%
Price to Book -1.5 x -7.17 x -65.2 x 7.45 x 3.6 x 2.41 x
Nbr of stocks (in thousands) 108,559 108,559 108,559 108,559 108,559 108,559
Reference price 2 0.3983 0.3803 1.207 3.142 3.106 10.39
Announcement Date 3/9/18 3/7/19 3/6/20 2/25/21 3/11/22 3/13/23
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 218.1 217.9 195.5 268.4 431 774.1
EBITDA 1 38.14 34.39 21.13 32.13 33.7 63.33
EBIT 1 36.78 32.92 19.48 30.01 27.94 55.18
Operating Margin 16.86% 15.11% 9.96% 11.18% 6.48% 7.13%
Earnings before Tax (EBT) 1 29.23 48.69 3.917 99.65 -54.93 110.5
Net income 1 11.74 22.43 4.869 47.8 -27.25 41.44
Net margin 5.38% 10.29% 2.49% 17.81% -6.32% 5.35%
EPS 2 0.1081 0.2066 0.0449 0.4403 -0.2510 0.3817
Free Cash Flow 1 -4.542 13.65 -13.99 -7.641 -71.69 -30.44
FCF margin -2.08% 6.26% -7.16% -2.85% -16.63% -3.93%
FCF Conversion (EBITDA) - 39.69% - - - -
FCF Conversion (Net income) - 60.84% - - - -
Dividend per Share - - - - - -
Announcement Date 3/9/18 3/7/19 3/6/20 2/25/21 3/11/22 3/13/23
1TRY in Million2TRY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 44.4 2.36 5.38 - - -
Net Cash position 1 - - - 73.9 2.33 79.7
Leverage (Debt/EBITDA) 1.165 x 0.0685 x 0.2547 x - - -
Free Cash Flow 1 -4.54 13.6 -14 -7.64 -71.7 -30.4
ROE (net income / shareholders' equity) -2,983% 133% 5.16% 77.8% -30.7% 10.4%
ROA (Net income/ Total Assets) 16.9% 13.3% 7.49% 8.25% 4.59% 3.58%
Assets 1 69.36 168.8 65 579.1 -593.1 1,158
Book Value Per Share 2 -0.2600 -0.0500 -0.0200 0.4200 0.8600 4.310
Cash Flow per Share 2 0.0100 0.0300 0.0600 0.7200 0.2600 0.9500
Capex 1 1.78 2.01 1.57 5.53 150 12.7
Capex / Sales 0.82% 0.92% 0.8% 2.06% 34.79% 1.64%
Announcement Date 3/9/18 3/7/19 3/6/20 2/25/21 3/11/22 3/13/23
1TRY in Million2TRY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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