MOGAN ENERJI YATIRIM HOLDING ANONIM SIRKETI

Income Statement Mogan Enerji Yatirim Holding Anonim Sirketi

Equities

MOGAN

TREMOGN00021

Electric Utilities

Delayed Borsa Istanbul Other stock markets 10:07:49 2024-09-19 am EDT			5-day change	1st Jan Change
11.16 ^TRY	+1.27%		+9.95%	0.00%

Mar. 03	Mogan Enerji Yatirim Holding Anonim Sirketi has completed an IPO in the amount of TRY 2.975655 billion.	CI
Feb. 26	Mogan Enerji Yatirim Holding Anonim Sirketi has filed an IPO in the amount of TRY 2.975655 billion.	CI

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Published financial data: MOGAN ENERJI YATIRIM HOLDING ANONIM SIRKETI

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2020	2021	2022	2023
Revenues - (Utility Template)	2.05B	3.29B	10.84B	13.89B
Total Revenues	2.05B	3.29B	10.84B	13.89B
Operations And Maintenance	735K	1.82M	3.87M	11.37M
Selling General & Admin Expenses, Total	72.02M	61.27M	75.13M	610M
Other Operating Expenses	1.51B	2.12B	7.81B	11.4B
Total Operating Expenses	1.58B	2.19B	7.89B	12.02B
Operating Income (REIT / Utility Template)	474M	1.1B	2.95B	1.87B
Interest Expense, Total	-619M	-890M	-4.67B	-2.57B
Interest and Investment Income	338M	896M	1.3B	976M
Net Interest Expenses	-280M	6.32M	-3.37B	-1.59B
Currency Exchange Gains (Loss)	-	-	-	-12.06B
Other Non Operating Income (Expenses)	-	-	-	12.72B
EBT, Excl. Unusual Items	193M	1.11B	-418M	944M
Gain (Loss) on Sale of Investments	-	-7.79K	-	-
Insurance Settlements	-	-	-	36.37M
EBT, Incl. Unusual Items	193M	1.11B	-418M	981M
Income Tax Expense	-150M	-597M	532M	-403M
Earnings From Continuing Operations	343M	1.7B	-950M	1.38B
Net Income to Company	343M	1.7B	-950M	1.38B
Minority Interest	-	-	-	-123M
Net Income - (IS)	343M	1.7B	-950M	1.26B
Net Income to Common Incl Extra Items	343M	1.7B	-950M	1.26B
Net Income to Common Excl. Extra Items	343M	1.7B	-950M	1.26B
Per Share Items
Net EPS - Basic	-	-	-0.43	0.57
Basic EPS - Continuing Operations	-	-	-0.43	0.57
Basic Weighted Average Shares Outstanding	-	-	2.23B	2.23B
Net EPS - Diluted	-	-	-0.43	0.57
Diluted EPS - Continuing Operations	-	-	-0.43	0.57
Diluted Weighted Average Shares Outstanding	-	-	2.23B	2.23B
Normalized Basic EPS	-	-	-0.12	0.21
Normalized Diluted EPS	-	-	-0.12	0.21
Supplemental Items
EBITDA	1.15B	2.39B	5.12B	7.2B
EBITA	474M	1.1B	2.95B	2.09B
EBIT	474M	1.1B	2.95B	1.87B
EBITDAR	-	-	-	7.27B
Effective Tax Rate - (Ratio)	-77.5	-53.94	-127.4	-41.09
Current Domestic Taxes	19.13K	-	-	-
Total Current Taxes	19.13K	-	-	-
Deferred Domestic Taxes	-150M	-597M	532M	-403M
Total Deferred Taxes	-150M	-597M	532M	-403M
Normalized Net Income	121M	692M	-261M	467M
Supplemental Operating Expense Items
Advertising Expense	-	-	-	20.49M
Marketing Expenses	309K	-	-	-
Selling and Marketing Expenses	309K	-	-	20.49M
General and Administrative Expenses	71.71M	61.27M	75.13M	520M
Net Rental Expense, Total	-	-	-	69.36M
Imputed Operating Lease Interest Expense	-	-	-	39.34M
Imputed Operating Lease Depreciation	-	-	-	30.02M
Maintenance & Repair Expenses, Total	-	-	-	11.37M

Fiscal Period: December	2020	2021	2022	2023
Assets
Cash And Equivalents	818M	1.54B	2.52B	2.01B
Accounts Receivable, Total	270M	565M	2.11B	2.11B
Other Receivables	24.5M	191M	3.03M	3.62M
Accounts Receivable (Summary Subtotal)	295M	756M	2.11B	2.12B
Inventory - (Utility Template)	5.26M	174M	284M	292M
Prepaid Expenses	216M	244M	143M	51.14M
Other Current Assets, Total	56.09M	57.41M	33.87M	1.43B
Total Current Assets	1.39B	2.77B	5.09B	5.9B
Gross Property Plant And Equipment	24.62B	46.42B	58.73B	106B
Accumulated Depreciation	-2.92B	-4.19B	-6.33B	-28.38B
Net Property Plant And Equipment	21.7B	42.22B	52.4B	77.4B
Goodwill	117M	117M	117M	765M
Other Intangibles, Total	394M	359M	324M	1.71B
Long-Term Investments - (Utility Template)	88.57M	-	-	-
Accounts Receivable Long-Term	-	-	480M	787M
Deferred Tax Assets Long-Term (Collected)	1.03B	3.04B	3.33B	-
Other Long-Term Assets, Total	492M	491M	545M	1.58B
Total Assets	25.21B	49.01B	62.3B	88.15B
Liabilities
Accounts Payable, Total	331M	571M	1.54B	1.45B
Accrued Expenses, Total	9.46M	9.88M	26.97M	34.46M
Short-Term Borrowings	2M	-	-	-
Current Portion of Long-Term Debt	1.68B	3.54B	5.04B	7.91B
Unearned Revenue, Current	-	-	23.97K	407K
Other Current Liabilities - (Bank / Utility Template)	115M	437M	1.01B	1.55B
Total Current Liabilities	2.14B	4.56B	7.62B	10.94B
Long-Term Debt	9.34B	15.23B	18.75B	25.29B
Pension & Other Post Retirement Benefits	8.36M	17.06M	47.21M	59.6M
Deferred Tax Liability Non-Current	2.19B	5.72B	7.69B	11.98B
Other Non Current Liabilities, Total	1.17B	315M	391M	698M
Total Liabilities	14.85B	25.84B	34.5B	48.97B
Common Stock, Total	70M	2.23B	2.23B	2.23B
Retained Earnings	171M	954M	1.22B	11.54B
Comprehensive Income and Other	7.65B	17.05B	20.45B	20B
Total Common Equity	7.89B	20.24B	23.9B	33.77B
Minority Interest	2.47B	2.93B	3.9B	5.41B
Total Equity	10.36B	23.17B	27.8B	39.18B
Total Liabilities And Equity	25.21B	49.01B	62.3B	88.15B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	-	-	2.23B	2.23B
ECS Total Common Shares Outstanding	-	-	2.23B	2.23B
Book Value / Share	-	-	10.72	15.14
Tangible Book Value	7.38B	19.76B	23.46B	31.29B
Tangible Book Value Per Share	-	-	10.52	14.03
Total Debt	11.02B	18.77B	23.8B	33.2B
Net Debt	10.2B	17.24B	21.28B	31.19B
Debt Equivalent Oper. Leases	-	-	-	555M
Minority Interest, Total (Incl. Fin. Div)	2.47B	2.93B	3.9B	5.41B
Account Code - Inventory Valuation	3	-	-	6
Inventories - Raw Materials, Total	-	-	-	292M
Land - (BS)	295M	558M	612M	341M
Buildings, Total	1.45B	3.22B	3.74B	7.06B
Machinery, Total	16.61B	31.24B	41.52B	74.21B
Full Time Employees	-	-	572	563
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	9.7K

Fiscal Period: December	2020	2021	2022	2023
Net Income	343M	1.7B	-950M	1.26B
Depreciation, Depletion & Amortization	679M	1.29B	2.17B	5.11B
Amortization of Goodwill and Intangible Assets - (CF)	-	-	-	220M
Total Depreciation, Depletion & Amortization	679M	1.29B	2.17B	5.33B
Total Asset Writedown	-	-	-	56.21M
Provision and Write-off of Bad Debts	-	-	-	-797K
Change in Accounts Receivable	-	-	-	1.37B
Change In Inventories	-	-	-	175M
Change in Accounts Payable	-	-	-	-1.09B
Change in Unearned Revenues	-	-	-	367K
Change in Other Net Operating Assets (Collected)	-	-	-	-1.56B
Other Operating Activities	820M	-2.93B	3.96B	-2.37B
Cash from Operations	1.84B	69.24M	5.18B	3.18B
Capital Expenditure	-	-	-	-82.21M
Sale of Property, Plant, and Equipment	-	-	-	27.35K
Purchase / Sale of Intangible Assets	-	-	-	-679K
Other Investing Activities, Total	-1.38B	1.34B	-1.26B	579M
Cash from Investing	-1.38B	1.34B	-1.26B	497M
Long-Term Debt Issued, Total	-	-	-	338M
Total Debt Issued	-	-	-	338M
Long-Term Debt Repaid, Total	-	-	-	-4.6B
Total Debt Repaid	-	-	-	-4.6B
Other Financing Activities, Total	-1.03B	-642M	-3.7B	-1.55B
Cash from Financing	-1.03B	-642M	-3.7B	-5.82B
Foreign Exchange Rate Adjustments	401M	-45.59M	763M	-
Net Change in Cash	-175M	718M	983M	-2.14B
Supplemental Items
Cash Interest Paid	-	-	-	1.95B
Cash Income Tax Paid (Refund)	-	-	-	-155K
Net Debt Issued / Repaid	-	-	-	-4.27B
Levered Free Cash Flow	-	1.33B	1.32B	3.95B
Unlevered Free Cash Flow	-	1.89B	4.23B	5.55B
Change In Net Working Capital	-	95.76M	-218M	869M

Fiscal Period: December	2020	2021	2022	2023
Profitability
Return on Assets	-	1.85	3.32	1.25
Return on Total Capital	-	2.17	3.95	1.49
Return On Equity %	-	10.16	-3.73	3.28
Return on Common Equity	-	12.11	-4.31	3.47
Margin Analysis
Gross Profit Margin %	25.45	35.03	27.63	17.79
SG&A Margin	3.5	1.86	0.69	4.39
EBITDA Margin %	56.1	72.83	47.24	51.84
EBITA Margin %	23.05	33.47	27.23	15.03
EBIT Margin %	23.05	33.47	27.23	13.45
Income From Continuing Operations Margin %	16.69	51.82	-8.76	9.97
Net Income Margin %	16.69	51.82	-8.76	9.08
Net Avail. For Common Margin %	16.69	51.82	-8.76	9.08
Normalized Net Income Margin	5.88	21.04	-2.41	3.37
Levered Free Cash Flow Margin	-	40.46	12.13	28.42
Unlevered Free Cash Flow Margin	-	57.37	39.04	39.97
Asset Turnover
Asset Turnover	-	0.09	0.19	0.15
Fixed Assets Turnover	-	0.1	0.23	0.17
Receivables Turnover (Average Receivables)	-	7.87	8.11	4.97
Inventory Turnover (Average Inventory)	-	23.82	34.28	30.05
Short Term Liquidity
Current Ratio	0.65	0.61	0.67	0.54
Quick Ratio	0.52	0.5	0.61	0.38
Operating Cash Flow to Current Liabilities	0.86	0.02	0.68	0.29
Days Sales Outstanding (Average Receivables)	-	46.38	45.02	73.48
Days Outstanding Inventory (Average Inventory)	-	15.32	10.65	12.15
Average Days Payable Outstanding	-	71.43	48.37	64.68
Cash Conversion Cycle (Average Days)	-	-9.73	7.29	20.95
Long Term Solvency
Total Debt/Equity	106.32	81.03	85.61	84.73
Total Debt / Total Capital	51.53	44.76	46.12	45.87
LT Debt/Equity	90.08	65.74	67.47	64.55
Long-Term Debt / Total Capital	43.66	36.32	36.35	34.94
Total Liabilities / Total Assets	58.89	52.72	55.38	55.55
EBIT / Interest Expense	0.77	1.24	0.63	0.73
EBITDA / Interest Expense	1.86	2.69	1.1	2.81
(EBITDA - Capex) / Interest Expense	1.86	2.69	1.1	2.77
Total Debt / EBITDA	9.56	7.84	4.64	4.61
Net Debt / EBITDA	8.85	7.2	4.15	4.33
Total Debt / (EBITDA - Capex)	9.56	7.84	4.64	4.66
Net Debt / (EBITDA - Capex)	8.85	7.2	4.15	4.38
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-	59.99	229.87	-31.78
Gross Profit, 1 Yr. Growth %	-	120.23	160.11	-24.63
EBITDA, 1 Yr. Growth %	-	107.7	113.97	-25.59
EBITA, 1 Yr. Growth %	-	132.31	168.36	-34.82
EBIT, 1 Yr. Growth %	-	132.31	168.36	-37.38
Earnings From Cont. Operations, 1 Yr. Growth %	-	396.8	-155.78	-131.91
Net Income, 1 Yr. Growth %	-	396.8	-155.78	-132.91
Diluted EPS Before Extra, 1 Yr. Growth %	-	-	-	-132.91
Normalized Net Income, 1 Yr. Growth %	-	472.85	-137.76	-80.87
Net Property, Plant and Equip., 1 Yr. Growth %	-	94.58	24.11	-10.56
Inventory, 1 Yr. Growth %	-	3.21K	63.03	-37.52
Accounts Receivable, 1 Yr. Growth %	-	109.05	273.33	-39.16
Total Assets, 1 Yr. Growth %	-	94.39	27.12	-11.25
Tangible Book Value, 1 Yr. Growth %	-	167.74	18.7	-13.77
Cash From Operations, 1 Yr. Growth %	-	-96.24	7.38K	-75.33
Capital Expenditures, 1 Yr. Growth %	-	-	-	-98.85
Levered Free Cash Flow, 1 Yr. Growth %	-	-	-1.1	-2K
Unlevered Free Cash Flow, 1 Yr. Growth %	-	-	124.49	238.88
Common Equity, 1 Yr. Growth %	-	156.44	18.09	-13.38
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-	-	129.73	105.52
Gross Profit, 2 Yr. CAGR %	-	-	139.34	46.44
EBITDA, 2 Yr. CAGR %	-	-	110.81	73.39
EBITA, 2 Yr. CAGR %	-	-	149.69	37.74
EBIT, 2 Yr. CAGR %	-	-	149.69	30.27
Earnings From Cont. Operations, 2 Yr. CAGR %	-	-	66.47	-9.87
Net Income, 2 Yr. CAGR %	-	-	66.47	-13.97
Normalized Net Income, 2 Yr. CAGR %	-	-	47.08	-17.79
Net Property, Plant and Equip., 2 Yr. CAGR %	-	-	55.4	35.39
Inventory, 2 Yr. CAGR %	-	-	634.82	29.55
Accounts Receivable, 2 Yr. CAGR %	-	-	179.36	93.45
Total Assets, 2 Yr. CAGR %	-	-	57.2	34.12
Common Equity, 2 Yr. CAGR %	-	-	74.02	29.18
Tangible Book Value, 2 Yr. CAGR %	-	-	78.27	25.84
Cash From Operations, 2 Yr. CAGR %	-	-	67.63	577.58
Levered Free Cash Flow, 2 Yr. CAGR %	-	-	-	72.24
Unlevered Free Cash Flow, 2 Yr. CAGR %	-	-	-	71.55
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-	-	-	89.06
Gross Profit, 3 Yr. CAGR %	-	-	-	67.78
EBITDA, 3 Yr. CAGR %	-	-	-	84.14
EBITA, 3 Yr. CAGR %	-	-	-	63.96
EBIT, 3 Yr. CAGR %	-	-	-	57.98
Earnings From Cont. Operations, 3 Yr. CAGR %	-	-	-	59.21
Net Income, 3 Yr. CAGR %	-	-	-	54.35
Normalized Net Income, 3 Yr. CAGR %	-	-	-	57.02
Net Property, Plant and Equip., 3 Yr. CAGR %	-	-	-	52.79
Inventory, 3 Yr. CAGR %	-	-	-	281.64
Accounts Receivable, 3 Yr. CAGR %	-	-	-	98.52
Total Assets, 3 Yr. CAGR %	-	-	-	51.78
Common Equity, 3 Yr. CAGR %	-	-	-	62.36
Tangible Book Value, 3 Yr. CAGR %	-	-	-	61.85
Cash From Operations, 3 Yr. CAGR %	-	-	-	19.94