Financials Smartiks Yazilim

Equities

SMART

TRESMRT00018

Software

Delayed Borsa Istanbul 04:24:08 2024-06-11 am EDT 5-day change 1st Jan Change
34.52 TRY -1.37% Intraday chart for Smartiks Yazilim -3.35% +20.91%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023
Capitalization 1 304.1 282.3 178.1 368.6 911.3
Enterprise Value (EV) 1 304.4 284.2 182.9 382.2 937.8
P/E ratio 39.2 x 75.5 x 46.7 x 53.7 x 20.3 x
Yield - - - - -
Capitalization / Revenue 11.2 x 10.4 x 4.9 x 6.25 x 5.44 x
EV / Revenue 11.2 x 10.4 x 5.03 x 6.48 x 5.6 x
EV / EBITDA 30.5 x 99.9 x 32.4 x 18.5 x 18.8 x
EV / FCF -51.3 x -64.1 x -44.6 x -31.2 x -51 x
FCF Yield -1.95% -1.56% -2.24% -3.21% -1.96%
Price to Book 5.07 x 4.33 x 2.58 x 4.89 x 3.95 x
Nbr of stocks (in thousands) 31,000 31,863 31,863 31,863 31,863
Reference price 2 9.810 8.860 5.590 11.57 28.60
Announcement Date 2/20/20 2/17/21 3/11/22 3/13/23 5/6/24
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 23.78 27.1 27.2 36.36 59.02 167.6
EBITDA 1 8.923 9.987 2.845 5.648 20.61 49.99
EBIT 1 8.854 9.752 2.647 5.418 20.31 48.99
Operating Margin 37.23% 35.98% 9.73% 14.9% 34.41% 29.23%
Earnings before Tax (EBT) 1 6.821 7.759 2.326 3.239 3.416 44.98
Net income 1 6.069 7.823 3.739 3.814 6.861 44.98
Net margin 25.52% 28.86% 13.75% 10.49% 11.62% 26.83%
EPS 2 0.2856 0.2500 0.1174 0.1197 0.2153 1.412
Free Cash Flow 1 -9.091 -5.93 -4.432 -4.098 -12.25 -18.38
FCF margin -38.23% -21.88% -16.29% -11.27% -20.76% -10.96%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 1/29/19 2/20/20 2/17/21 3/11/22 3/13/23 5/6/24
1TRY in Million2TRY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 8.46 0.26 1.91 4.84 13.5 26.6
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 0.9477 x 0.0264 x 0.6716 x 0.8564 x 0.6553 x 0.5314 x
Free Cash Flow 1 -9.09 -5.93 -4.43 -4.1 -12.3 -18.4
ROE (net income / shareholders' equity) 26.1% 17.5% 5.89% 5.69% 9.51% 21.6%
ROA (Net income/ Total Assets) 14.9% 10.4% 2.14% 3.88% 12.2% 11.2%
Assets 1 40.74 75.14 174.9 98.32 56.44 403.1
Book Value Per Share 2 1.300 1.940 2.050 2.160 2.370 7.240
Cash Flow per Share 2 0.0800 0.1500 0.1400 0.1600 0.0900 0.0400
Capex 1 0.25 0.13 0.12 0.62 0.55 14.5
Capex / Sales 1.06% 0.49% 0.43% 1.71% 0.93% 8.68%
Announcement Date 1/29/19 2/20/20 2/17/21 3/11/22 3/13/23 5/6/24
1TRY in Million2TRY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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