LOGO YAZILIM SANAYI VE TICARET |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 101.9 TRY | +3.61% |
|
+8.18% | +37.66% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 1,518 | 3,134 | 4,162 | 6,975 | 7,395 | 9,835 | - | - |
| Enterprise Value (EV) 1 | 1,518 | 3,134 | 3,995 | 6,588 | 6,974 | 8,970 | 8,168 | 9,835 |
| P/E ratio | 17.6 x | - | 15.2 x | 16.2 x | 50.3 x | 10.6 x | 6.79 x | - |
| Yield | - | - | 2.16% | 1.29% | - | 3.65% | 5.74% | - |
| Capitalization / Revenue | 3.6 x | 5.75 x | 5.43 x | 4.52 x | 2.49 x | 2.16 x | 1.49 x | 1.14 x |
| EV / Revenue | 3.6 x | 5.75 x | 5.21 x | 4.27 x | 2.34 x | 1.97 x | 1.24 x | 1.14 x |
| EV / EBITDA | 10.7 x | 17.7 x | 14 x | 13.4 x | 9.6 x | 7.48 x | 4.3 x | 3.71 x |
| EV / FCF | 22.1 x | - | 17.2 x | 13.8 x | -12.7 x | 16.2 x | 9.07 x | 6.12 x |
| FCF Yield | 4.53% | - | 5.83% | 7.24% | -7.85% | 6.17% | 11% | 16.3% |
| Price to Book | 3.93 x | - | 4.54 x | 5.11 x | 2.91 x | 4.44 x | 2.91 x | - |
| Nbr of stocks (in thousands) | 99,901 | 99,901 | 100,000 | 100,000 | 100,000 | 100,000 | - | - |
| Reference price 2 | 15.20 | 31.38 | 41.62 | 69.75 | 73.95 | 98.35 | 98.35 | 98.35 |
| Announcement Date | 2/19/20 | 2/17/21 | 2/17/22 | 2/27/23 | 3/21/24 | - | - | - |
1TRY in Million2TRY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 422.1 | 545 | 766.8 | 1,541 | 2,975 | 4,544 | 6,606 | 8,637 |
| EBITDA 1 | 142.3 | 177.2 | 286.3 | 493 | 726.3 | 1,198 | 1,898 | 2,654 |
| EBIT 1 | 92.26 | - | 207.4 | 375.4 | 342 | 943.5 | 1,553 | 2,159 |
| Operating Margin | 21.86% | - | 27.05% | 24.35% | 11.5% | 20.76% | 23.51% | 25% |
| Earnings before Tax (EBT) 1 | 91.51 | - | 300.1 | 454.1 | 187.6 | 1,050 | 1,666 | - |
| Net income 1 | 86.31 | 114.5 | 264.6 | 415.7 | 140.2 | 998.5 | 1,450 | - |
| Net margin | 20.45% | 21.01% | 34.52% | 26.97% | 4.71% | 21.97% | 21.94% | - |
| EPS 2 | 0.8630 | - | 2.740 | 4.310 | 1.470 | 9.290 | 14.50 | - |
| Free Cash Flow 1 | 68.85 | - | 232.9 | 477.3 | -547.3 | 553.8 | 900.1 | 1,608 |
| FCF margin | 16.31% | - | 30.37% | 30.96% | -18.39% | 12.19% | 13.63% | 18.62% |
| FCF Conversion (EBITDA) | 48.4% | - | 81.36% | 96.81% | - | 46.2% | 47.43% | 60.59% |
| FCF Conversion (Net income) | 79.77% | - | 88% | 114.82% | - | 55.46% | 62.1% | - |
| Dividend per Share 2 | - | - | 0.9000 | 0.9000 | - | 3.590 | 5.650 | - |
| Announcement Date | 2/19/20 | 2/17/21 | 2/17/22 | 2/27/23 | 3/21/24 | - | - | - |
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 | 2023 Q4 | 2024 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 280.6 | 269.1 | 367.7 | 382.8 | 521.9 | 452.1 | 572.3 | 636.8 | 1,314 | 970.1 |
| EBITDA 1 | 82.23 | 113.6 | 157.9 | 120.6 | 101 | 141.8 | 173.9 | 169.3 | 241.3 | 287.1 |
| EBIT | - | - | - | - | - | - | - | - | - | - |
| Operating Margin | - | - | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | - | 92.6 | 146.8 | 113.4 | 62.83 | 61.96 | 268.1 | 125.6 | -315.5 | -35.52 |
| Net margin | - | 34.41% | 39.93% | 29.63% | 12.04% | 13.71% | 46.85% | 19.73% | -24.01% | -3.66% |
| EPS | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/17/22 | 5/10/22 | 8/16/22 | 11/8/22 | 2/27/23 | 5/9/23 | 8/8/23 | 10/31/23 | 3/21/24 | 5/22/24 |
1TRY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | - | - | - | - | - | - | - | - |
| Net Cash position 1 | - | - | 167 | 387 | 421 | 865 | 1,667 | - |
| Leverage (Debt/EBITDA) | - | - | - | - | - | - | - | - |
| Free Cash Flow 1 | 68.8 | - | 233 | 477 | -547 | 554 | 900 | 1,608 |
| ROE (net income / shareholders' equity) | 25.3% | 24.9% | 37.4% | 37.8% | 23.5% | 51.7% | 49.6% | - |
| ROA (Net income/ Total Assets) | 12.9% | 12.2% | 18.2% | 18.6% | 11.2% | 22% | - | - |
| Assets 1 | 669.4 | 936.6 | 1,452 | 2,237 | 1,256 | 4,539 | - | - |
| Book Value Per Share 2 | 3.870 | - | 9.160 | 13.60 | 25.40 | 22.20 | 33.80 | - |
| Cash Flow per Share 2 | 1.360 | - | 3.860 | 7.800 | 13.90 | 15.30 | 22.40 | - |
| Capex 1 | 67.2 | - | 140 | 275 | 680 | 726 | 1,095 | 1,193 |
| Capex / Sales | 15.92% | - | 18.29% | 17.83% | 22.84% | 15.97% | 16.57% | 13.81% |
| Announcement Date | 2/19/20 | 2/17/21 | 2/17/22 | 2/27/23 | 3/21/24 | - | - | - |
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
5
Last Close Price
98.35
TRY
Average target price
113
TRY
Spread / Average Target
+14.91%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +37.66% | 299M | |
| +2.81% | 59.68B | |
| -20.84% | 57.51B | |
| -0.12% | 52.43B | |
| +3.32% | 41.21B | |
| +2.92% | 37.35B | |
| -11.12% | 28.05B | |
| +106.60% | 26.48B | |
| +1.69% | 21.27B | |
| +5.04% | 13.88B |
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