Suspension of trading

Valuation Net Holding

Equities

Market Closed - Borsa Istanbul Other stock markets 10:08:01 2026-01-14 am EST			5-day change	1st Jan Change
45.88 ^TRY	-0.48%		-5.52%	-5.32%

Nov. 10	Net Holding A.S. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2025	CI
25-08-19	Net Holding A.S. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2025	CI

Data adjusted to current consolidation scope

Fiscal Period: December	2019	2020	2021	2022	2023	2024
Capitalization ¹	954.7	1,209	2,241	7,100	9,101	20,361
Change	-	26.61%	85.41%	216.78%	28.19%	123.72%
Enterprise Value (EV) ¹	1,946	2,880	4,448	9,380	12,590	25,537
Change	-	48%	54.45%	110.9%	34.23%	102.84%
P/E ratio	12.5x	-2.4x	3.47x	2.68x	4.88x	9.19x
PBR	0.21x	0.29x	0.32x	0.44x	0.27x	0.39x
PEG	-	0x	-0x	0x	-0.2x	0.5x
Capitalization / Revenue	1.03x	2.87x	2.22x	2.1x	0.96x	1.05x
EV / Revenue	2.11x	6.83x	4.4x	2.78x	1.33x	1.32x
EV / EBITDA	7.08x	-147x	17.3x	8.3x	3.61x	3.91x
EV / EBIT	13.6x	-17.2x	41.7x	11.4x	6.3x	9.24x
EV / FCF	12.2x	-9.74x	-55.1x	62.8x	11x	-3.88x
FCF Yield	8.17%	-10.3%	-1.81%	1.59%	9.08%	-25.8%
Dividend per Share ²	-	-	-	-	-	-
Rate of return	-	-	-	-	-	-
EPS ²	0.2085	-1.432	1.928	5.606	3.955	4.731
Distribution rate	-	-	-	-	-	-
Net sales ¹	922.8	421.5	1,012	3,376	9,494	19,367
EBITDA ¹	274.9	-19.57	256.4	1,130	3,486	6,525
EBIT ¹	142.7	-167.8	106.6	825.8	1,999	2,765
Net income ¹	76.43	-489.5	910	2,662	2,230	2,627
Net Debt ¹	991.1	1,671	2,206	2,280	3,489	5,177
Reference price ²	2.60	3.43	6.68	15.05	19.32	43.48
Nbr of stocks (in thousands)	367,197	352,419	335,506	471,740	471,075	468,280
Announcement Date	3/10/20	4/2/21	3/11/22	3/13/23	5/21/24	3/11/25

¹TRY in Million²TRY

Estimates

Add to a list 0 selected To use this feature you must be a member Log in Sign up	P/E (Y)	EV / Sales (Y)	EV / EBITDA (Y)	Dividend Yield (Y)	Capi.($)
NET HOLDING	-	-	-	-	494M
LAS VEGAS SANDS CORP.	23.35x	4.15x	10.29x	1.62%	40.49B
WYNN RESORTS, LIMITED	29.31x	2.96x	9.32x	0.86%	11.98B
MGM RESORTS INTERNATIONAL	463.79x	0.77x	2.87x	-.--%	9.48B
GENTING SINGAPORE LIMITED	17.26x	2.22x	6.23x	5.49%	6.84B
KANGWON LAND, INC.	11.45x	1.86x	7.89x	4.61%	2.46B
SJM HOLDINGS LIMITED	-106.85x	1.35x	11.04x	-.--%	2.1B
MONARCH CASINO & RESORT, INC.	16.58x	2.86x	7.93x	1.3%	1.68B
TABCORP HOLDINGS LIMITED	34.05x	1.03x	6.7x	2.18%	1.52B
Average	61.12x	2.15x	7.78x	2.01%	8.56B
Weighted average by Cap.	74.37x	3.13x	8.68x	1.7%