ARÇELIK ANONIM SIRKETI |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 187.2 TRY | -1.68% |
|
-0.64% | +45.68% |
| Apr. 26 | Arçelik Anonim Sirketi Reports Earnings Results for the First Quarter Ended March 31, 2024 | CI |
| Mar. 07 | Arcelik, Whirlpool Deal Cleared by U.K. Competition Regulator | DJ |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 14,082 | 20,542 | 32,705 | 75,817 | 86,831 | 115,545 | - | - |
| Enterprise Value (EV) 1 | 22,100 | 25,615 | 49,270 | 102,727 | 133,988 | 196,569 | 208,969 | 229,778 |
| P/E ratio | 15.2 x | 7.21 x | 10.5 x | 15.9 x | 10.2 x | 12.1 x | 8.66 x | 6.48 x |
| Yield | - | 6.21% | 4.59% | - | - | 1.93% | 3.31% | 7.53% |
| Capitalization / Revenue | 0.44 x | 0.5 x | 0.48 x | 0.57 x | 0.34 x | 0.3 x | 0.25 x | 0.17 x |
| EV / Revenue | 0.69 x | 0.63 x | 0.72 x | 0.77 x | 0.52 x | 0.5 x | 0.44 x | 0.34 x |
| EV / EBITDA | 6.62 x | 5.06 x | 7.19 x | 8.66 x | - | 6.58 x | 4.76 x | 4.6 x |
| EV / FCF | 12.3 x | 5.47 x | -15.7 x | -127 x | -5.97 x | -10.5 x | -23.5 x | -12.6 x |
| FCF Yield | 8.12% | 18.3% | -6.38% | -0.79% | -16.7% | -9.48% | -4.26% | -7.91% |
| Price to Book | 1.46 x | 1.49 x | 1.66 x | - | 1.47 x | 1.53 x | 1.37 x | 0.86 x |
| Nbr of stocks (in thousands) | 675,728 | 675,728 | 675,728 | 675,728 | 675,728 | 606,852 | - | - |
| Reference price 2 | 20.84 | 30.40 | 48.40 | 112.2 | 128.5 | 190.4 | 190.4 | 190.4 |
| Announcement Date | 2/7/20 | 1/25/21 | 1/26/22 | 1/25/23 | 3/1/24 | - | - | - |
1TRY in Million2TRY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 31,942 | 40,872 | 68,184 | 133,916 | 257,104 | 389,297 | 470,379 | 675,610 |
| EBITDA 1 | 3,338 | 5,065 | 6,853 | 11,859 | - | 29,883 | 43,909 | 49,974 |
| EBIT 1 | 2,283 | 3,843 | 5,008 | 8,548 | - | 14,418 | 28,331 | 25,577 |
| Operating Margin | 7.15% | 9.4% | 7.34% | 6.38% | - | 3.7% | 6.02% | 3.79% |
| Earnings before Tax (EBT) 1 | 1,114 | 3,498 | 3,623 | 4,218 | 7,158 | 9,666 | 20,133 | 21,901 |
| Net income 1 | 924.8 | 2,848 | 3,065 | 4,325 | 7,667 | 8,118 | 13,356 | 15,499 |
| Net margin | 2.9% | 6.97% | 4.49% | 3.23% | 2.98% | 2.09% | 2.84% | 2.29% |
| EPS 2 | 1.369 | 4.214 | 4.608 | 7.048 | 12.64 | 15.77 | 21.99 | 29.40 |
| Free Cash Flow 1 | 1,795 | 4,686 | -3,143 | -811.5 | -22,433 | -18,633 | -8,899 | -18,183 |
| FCF margin | 5.62% | 11.46% | -4.61% | -0.61% | -8.73% | -4.79% | -1.89% | -2.69% |
| FCF Conversion (EBITDA) | 53.78% | 92.51% | - | - | - | - | - | - |
| FCF Conversion (Net income) | 194.12% | 164.53% | - | - | - | - | - | - |
| Dividend per Share 2 | - | 1.887 | 2.220 | - | - | 3.680 | 6.305 | 14.34 |
| Announcement Date | 2/7/20 | 1/25/21 | 1/26/22 | 1/25/23 | 3/1/24 | - | - | - |
1TRY in Million2TRY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 22,519 | 28,164 | 32,305 | 34,255 | 39,192 | 39,891 | 46,948 | 58,218 |
| EBITDA 1 | 1,779 | 3,002 | 2,341 | 2,915 | 3,601 | 3,673 | 5,006 | 6,414 |
| EBIT | 1,121 | 2,291 | - | 2,035 | - | 2,675 | 3,917 | - |
| Operating Margin | 4.98% | 8.13% | - | 5.94% | - | 6.71% | 8.34% | - |
| Earnings before Tax (EBT) | 974.4 | - | - | 231.4 | - | - | - | - |
| Net income 1 | 789.9 | 1,166 | 258.6 | 335.8 | 2,565 | 1,074 | 491.9 | 1,001 |
| Net margin | 3.51% | 4.14% | 0.8% | 0.98% | 6.54% | 2.69% | 1.05% | 1.72% |
| EPS | 1.226 | - | - | - | - | 1.686 | 0.8110 | - |
| Dividend per Share | - | - | - | - | - | - | - | - |
| Announcement Date | 1/26/22 | 4/22/22 | 7/26/22 | 10/21/22 | 1/25/23 | 4/19/23 | 7/21/23 | 10/20/23 |
1TRY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 8,018 | 5,073 | 16,565 | 26,910 | 47,156 | 81,025 | 93,424 | 114,233 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.402 x | 1.002 x | 2.417 x | 2.269 x | - | 2.711 x | 2.128 x | 2.286 x |
| Free Cash Flow 1 | 1,795 | 4,686 | -3,143 | -811 | -22,433 | -18,633 | -8,899 | -18,183 |
| ROE (net income / shareholders' equity) | 10.4% | 24.3% | 18.5% | 19.5% | 14.5% | 16.7% | 25.7% | 15.7% |
| ROA (Net income/ Total Assets) | 2.93% | 7.01% | 4.66% | 3.98% | 3.13% | 3.42% | 4.21% | 2.7% |
| Assets 1 | 31,549 | 40,639 | 65,814 | 108,661 | 245,276 | 237,371 | 317,524 | 574,037 |
| Book Value Per Share 2 | 14.30 | 20.50 | 29.10 | - | 87.60 | 125.0 | 139.0 | 222.0 |
| Cash Flow per Share 2 | 4.700 | 9.500 | -0.9400 | - | -14.20 | 30.40 | 49.00 | 69.10 |
| Capex 1 | 1,380 | 1,735 | 2,515 | 5,908 | 13,791 | 16,291 | 22,564 | 27,654 |
| Capex / Sales | 4.32% | 4.25% | 3.69% | 4.41% | 5.36% | 4.18% | 4.8% | 4.09% |
| Announcement Date | 2/7/20 | 1/25/21 | 1/26/22 | 1/25/23 | 3/1/24 | - | - | - |
1TRY in Million2TRY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
A
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
190.4
TRY
Average target price
197.6
TRY
Spread / Average Target
+3.80%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +45.68% | 3.59B | |
| +27.98% | 31.43B | |
| +50.17% | 7.71B | |
| +94.56% | 6.95B | |
| -29.44% | 4.72B | |
| +25.97% | 4.2B | |
| +15.54% | 3.47B | |
| +17.63% | 3.39B | |
| -1.22% | 3.1B | |
| -7.47% | 2.88B |
- Stock Market
- Equities
- ARCLK Stock
- Financials Arçelik Anonim Sirketi
