Market Closed -
Borsa Istanbul
11:09:58 2024-04-26 am EDT
|
5-day change
|
1st Jan Change
|
317
TRY
|
+1.20%
|
|
+4.79%
|
+38.67%
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Capitalization
1 |
19,955
|
17,816
|
27,628
|
194,442
|
315,457
|
437,445
|
-
|
-
|
Enterprise Value (EV)
1 |
84,789
|
127,112
|
190,873
|
194,442
|
315,457
|
727,165
|
789,897
|
437,445
|
P/E ratio
|
4.16
x
|
-3.19
x
|
3.36
x
|
4.1
x
|
1.94
x
|
5.03
x
|
4.41
x
|
3.47
x
|
Yield
|
-
|
-
|
-
|
-
|
-
|
-
|
7.04%
|
-
|
Capitalization / Revenue
|
0.27
x
|
0.38
x
|
0.28
x
|
0.62
x
|
0.47
x
|
0.64
x
|
0.53
x
|
0.41
x
|
EV / Revenue
|
1.13
x
|
2.74
x
|
1.96
x
|
0.62
x
|
0.47
x
|
1.07
x
|
0.96
x
|
0.41
x
|
EV / EBITDA
|
6.15
x
|
15.4
x
|
6.84
x
|
2.47
x
|
2.73
x
|
4.78
x
|
4.04
x
|
-
|
EV / FCF
|
11.3
x
|
-53
x
|
4.56
x
|
1.94
x
|
-
|
4.83
x
|
5.17
x
|
2.67
x
|
FCF Yield
|
8.86%
|
-1.89%
|
21.9%
|
51.6%
|
-
|
20.7%
|
19.3%
|
37.5%
|
Price to Book
|
0.49
x
|
0.45
x
|
0.3
x
|
-
|
-
|
0.7
x
|
0.72
x
|
0.4
x
|
Nbr of stocks (in thousands)
|
1,380,000
|
1,380,000
|
1,380,000
|
1,380,000
|
1,379,953
|
1,379,952
|
-
|
-
|
Reference price
2 |
14.46
|
12.91
|
20.02
|
140.9
|
228.6
|
317.0
|
317.0
|
317.0
|
Announcement Date
|
3/6/20
|
3/1/21
|
3/1/22
|
3/1/23
|
4/4/24
|
-
|
-
|
-
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net sales
1 |
75,118
|
46,448
|
97,378
|
311,169
|
668,779
|
679,854
|
826,171
|
1,068,538
|
EBITDA
1 |
13,781
|
8,261
|
27,922
|
78,684
|
115,397
|
152,093
|
195,502
|
-
|
EBIT
1 |
3,369
|
-3,377
|
12,449
|
47,731
|
85,362
|
90,157
|
85,492
|
148,144
|
Operating Margin
|
4.48%
|
-7.27%
|
12.78%
|
15.34%
|
12.76%
|
13.26%
|
10.35%
|
13.86%
|
Earnings before Tax (EBT)
1 |
5,056
|
-6,101
|
9,191
|
51,403
|
116,275
|
87,401
|
112,166
|
135,410
|
Net income
1 |
4,535
|
-5,588
|
8,213
|
47,429
|
192,279
|
81,412
|
105,503
|
125,927
|
Net margin
|
6.04%
|
-12.03%
|
8.43%
|
15.24%
|
28.75%
|
11.97%
|
12.77%
|
11.78%
|
EPS
2 |
3.476
|
-4.050
|
5.950
|
34.37
|
118.1
|
63.07
|
71.85
|
91.25
|
Free Cash Flow
1 |
7,516
|
-2,397
|
41,824
|
100,370
|
-
|
150,634
|
152,639
|
163,844
|
FCF margin
|
10.01%
|
-5.16%
|
42.95%
|
32.26%
|
-
|
22.16%
|
18.48%
|
15.33%
|
FCF Conversion (EBITDA)
|
54.54%
|
-
|
149.79%
|
127.56%
|
-
|
99.04%
|
78.08%
|
-
|
FCF Conversion (Net income)
|
165.73%
|
-
|
509.24%
|
211.62%
|
-
|
185.03%
|
144.68%
|
130.11%
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
22.32
|
-
|
Announcement Date
|
3/6/20
|
3/1/21
|
3/1/22
|
3/1/23
|
4/4/24
|
-
|
-
|
-
|
Fiscal Period: December |
2021 Q3
|
2021 Q4
|
2022 Q1
|
2022 Q2
|
2022 Q3
|
2022 Q4
|
2023 Q1
|
2023 Q2
|
2023 Q3
|
2023 Q4
|
---|
Net sales
1 |
29,033
|
36,860
|
42,614
|
71,969
|
108,537
|
88,049
|
82,057
|
107,633
|
169,091
|
145,617
|
EBITDA
1 |
9,680
|
11,277
|
8,247
|
15,649
|
34,161
|
20,627
|
11,908
|
25,623
|
55,794
|
22,072
|
EBIT
|
5,949
|
6,200
|
2,533
|
9,906
|
25,692
|
-
|
-
|
-
|
-
|
-
|
Operating Margin
|
20.49%
|
16.82%
|
5.94%
|
13.76%
|
23.67%
|
-
|
-
|
-
|
-
|
-
|
Earnings before Tax (EBT)
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Net income
1 |
6,291
|
1,981
|
2,220
|
9,155
|
27,118
|
8,936
|
4,418
|
13,758
|
51,331
|
93,500
|
Net margin
|
21.67%
|
5.37%
|
5.21%
|
12.72%
|
24.99%
|
10.15%
|
5.38%
|
12.78%
|
30.36%
|
64.21%
|
EPS
|
0.0514
|
1.430
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Dividend per Share
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Announcement Date
|
11/3/21
|
3/1/22
|
4/28/22
|
8/10/22
|
11/2/22
|
3/1/23
|
5/3/23
|
8/9/23
|
11/1/23
|
4/4/24
|
Fiscal Period: December |
2019
|
2020
|
2021
|
2022
|
2023
|
2024
|
2025
|
2026
|
---|
Net Debt
1 |
64,834
|
109,296
|
163,245
|
-
|
-
|
289,721
|
352,452
|
-
|
Net Cash position
1 |
-
|
-
|
-
|
-
|
-
|
-
|
-
|
-
|
Leverage (Debt/EBITDA)
|
4.705
x
|
13.23
x
|
5.846
x
|
-
|
-
|
1.905
x
|
1.803
x
|
-
|
Free Cash Flow
1 |
7,516
|
-2,397
|
41,824
|
100,370
|
-
|
150,634
|
152,639
|
163,844
|
ROE (net income / shareholders' equity)
|
12.6%
|
-13.9%
|
12.6%
|
34.9%
|
-
|
17.5%
|
15.4%
|
13.1%
|
ROA (Net income/ Total Assets)
|
3.54%
|
-3.34%
|
3.04%
|
10.2%
|
-
|
7.9%
|
6.73%
|
7.5%
|
Assets
1 |
127,974
|
167,135
|
270,556
|
466,137
|
-
|
1,030,529
|
1,566,874
|
1,679,027
|
Book Value Per Share
2 |
29.60
|
28.60
|
65.70
|
-
|
-
|
450.0
|
440.0
|
785.0
|
Cash Flow per Share
2 |
12.90
|
4.060
|
35.80
|
-
|
-
|
164.0
|
137.0
|
174.0
|
Capex
1 |
11,807
|
8,000
|
7,538
|
16,642
|
-
|
104,900
|
99,021
|
-
|
Capex / Sales
|
15.72%
|
17.22%
|
7.74%
|
5.35%
|
-
|
15.43%
|
11.99%
|
-
|
Announcement Date
|
3/6/20
|
3/1/21
|
3/1/22
|
3/1/23
|
4/4/24
|
-
|
-
|
-
|
Average target price
367.8
TRY Spread / Average Target +16.04% Consensus |
1st Jan change
|
Capi.
|
---|
| +38.67% | 13.47B | | +24.09% | 32.21B | | +6.68% | 24.77B | | -0.30% | 19.86B | | +32.63% | 18.21B | | +28.07% | 17.37B | | -16.19% | 14.84B | | -14.20% | 12.32B | | +13.74% | 10.8B | | -2.58% | 10.28B |
Other Airlines
|