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Akenerji Elektrik Uretim AS
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Let's analyse Akenerji

Let's start. I'm going to help you getting a better view of Akenerji Elektrik Uretim AS. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

  1. Company's Financial Health
    A deep dive into the books. How are the numbers doing? Is Akenerji Elektrik Uretim AS even making a profit? Is the company skyrocketing? Or is it sinking like the Titanic. The trend is your friend.
  2. Market Valuation
    Finally, you now have an insight of how Akenerji Elektrik Uretim AS is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Akenerji Elektrik Uretim AS. The closing price on 2023-03-23 was ₺4.42 per share. Is the company over- or underpriced?
  3. Key Performance Indicators
    A total overlook on how the company is doing. Based on the (trends in) the key performance indicators.
Akenerji Elektrik Uretim AS Daily Candlestick Chart
Akenerji Elektrik Uretim AS Daily Candlestick Chart
Summary









1. Valuation of Akenerji




Current price per share

₺4.42

2. Growth of Akenerji




Is Akenerji growing?

Current yearPrevious yearGrowGrow %
How rich?-$6.8m-$30.5m$70.2m177.1%

How much money is Akenerji making?

Current yearPrevious yearGrowGrow %
Making money-$46.4m-$9.1m-$37.2m?
Net Profit Margin-47.3%-28.3%--

How much money comes from the company's main activities?

3. Financial Health of Akenerji




Comparing to competitors in the Utilities-Regulated Electric industry




  Industry Rankings (Utilities-Regulated Electric)  


Richest
#173 / 180

Most Revenue
#132 / 180

Most Profit
#169 / 180

Most Efficient
#175 / 180


Summary

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is just able to pay all its debts by selling its assets.
The company is unable to pay all its debts with equity.

1.1. Profitability of Akenerji Elektrik Uretim AS.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Akenerji earns for each ₤1 of revenue.

  • Above 10% is considered healthy but always compare Akenerji to the Utilities-Regulated Electric industry mean.
  • A Net Profit Margin of -8.4% means that ₤-0.08 for each ₤1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Akenerji Elektrik Uretim AS:

  • The MRQ is -8.4%. The company is making a loss. -1
  • The TTM is -47.3%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-8.4%TTM-47.3%+38.9%
TTM-47.3%YOY-28.3%-19.0%
TTM-47.3%5Y-49.3%+2.0%
5Y-49.3%10Y-25.3%-24.0%
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
MRQ-8.4%7.9%-16.3%
TTM-47.3%9.4%-56.7%
YOY-28.3%10.1%-38.4%
5Y-49.3%9.3%-58.6%
10Y-25.3%8.5%-33.8%
1.1.2. Return on Assets

Shows how efficient Akenerji is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Akenerji to the Utilities-Regulated Electric industry mean.
  • -3.2% Return on Assets means that Akenerji generated ₤-0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Akenerji Elektrik Uretim AS:

  • The MRQ is -3.2%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -6.5%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-3.2%TTM-6.5%+3.3%
TTM-6.5%YOY-2.6%-4.0%
TTM-6.5%5Y-4.7%-1.8%
5Y-4.7%10Y-2.4%-2.3%
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
MRQ-3.2%1.1%-4.3%
TTM-6.5%0.9%-7.4%
YOY-2.6%0.9%-3.5%
5Y-4.7%0.8%-5.5%
10Y-2.4%1.0%-3.4%
1.1.3. Return on Equity

Shows how efficient Akenerji is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Akenerji to the Utilities-Regulated Electric industry mean.
  • 0.0% Return on Equity means Akenerji generated ₤0.00 for each ₤1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Akenerji Elektrik Uretim AS:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-95.8%+95.8%
TTM-95.8%YOY--95.8%
TTM-95.8%5Y-71.0%-24.8%
5Y-71.0%10Y-36.7%-34.4%
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
MRQ-3.9%-3.9%
TTM-95.8%2.9%-98.7%
YOY-2.9%-2.9%
5Y-71.0%2.8%-73.8%
10Y-36.7%2.5%-39.2%

1.2. Operating Efficiency of Akenerji Elektrik Uretim AS.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Akenerji is operating .

  • Measures how much profit Akenerji makes for each ₤1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Akenerji to the Utilities-Regulated Electric industry mean.
  • An Operating Margin of 7.6% means the company generated ₤0.08  for each ₤1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Akenerji Elektrik Uretim AS:

  • The MRQ is 7.6%. The company is operating less efficient.
  • The TTM is 11.3%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ7.6%TTM11.3%-3.7%
TTM11.3%YOY11.2%+0.1%
TTM11.3%5Y1.9%+9.4%
5Y1.9%10Y0.8%+1.1%
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
MRQ7.6%15.2%-7.6%
TTM11.3%15.1%-3.8%
YOY11.2%14.8%-3.6%
5Y1.9%15.2%-13.3%
10Y0.8%13.9%-13.1%
1.2.2. Operating Ratio

Measures how efficient Akenerji is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Utilities-Regulated Electric industry mean).
  • An Operation Ratio of 1.84 means that the operating costs are ₤1.84 for each ₤1 in net sales.

Let's take a look of the Operating Ratio trends of Akenerji Elektrik Uretim AS:

  • The MRQ is 1.842. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.783. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.842TTM1.783+0.059
TTM1.783YOY1.728+0.055
TTM1.7835Y1.825-0.042
5Y1.82510Y1.385+0.440
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
MRQ1.8420.983+0.859
TTM1.7830.987+0.796
YOY1.7280.973+0.755
5Y1.8250.975+0.850
10Y1.3850.974+0.411

1.3. Liquidity of Akenerji Elektrik Uretim AS.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Akenerji is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Utilities-Regulated Electric industry mean).
  • A Current Ratio of 1.10 means the company has ₤1.10 in assets for each ₤1 in short-term debts.

Let's take a look of the Current Ratio trends of Akenerji Elektrik Uretim AS:

  • The MRQ is 1.101. The company is just able to pay all its short-term debts.
  • The TTM is 1.091. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.101TTM1.091+0.009
TTM1.091YOY0.725+0.366
TTM1.0915Y0.576+0.515
5Y0.57610Y0.331+0.245
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
MRQ1.1010.885+0.216
TTM1.0910.878+0.213
YOY0.7250.985-0.260
5Y0.5760.917-0.341
10Y0.3310.861-0.530
1.3.2. Quick Ratio

Measures if Akenerji is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Akenerji to the Utilities-Regulated Electric industry mean.
  • A Quick Ratio of 0.47 means the company can pay off ₤0.47 for each ₤1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Akenerji Elektrik Uretim AS:

  • The MRQ is 0.470. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.336. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.470TTM0.336+0.134
TTM0.336YOY0.165+0.171
TTM0.3365Y0.191+0.145
5Y0.19110Y0.227-0.036
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4700.427+0.043
TTM0.3360.434-0.098
YOY0.1650.542-0.377
5Y0.1910.530-0.339
10Y0.2270.527-0.300

1.4. Solvency of Akenerji Elektrik Uretim AS.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Akenerji assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Akenerji to Utilities-Regulated Electric industry mean.
  • A Debt to Asset Ratio of 1.01 means that Akenerji assets are financed with 100.9% credit (debt) and the remaining percentage (100% - 100.9%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Akenerji Elektrik Uretim AS:

  • The MRQ is 1.009. The company is just not able to pay all its debts by selling its assets. -1
  • The TTM is 0.943. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ1.009TTM0.943+0.066
TTM0.943YOY1.084-0.141
TTM0.9435Y0.942+0.001
5Y0.94210Y0.854+0.088
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0090.666+0.343
TTM0.9430.666+0.277
YOY1.0840.667+0.417
5Y0.9420.683+0.259
10Y0.8540.668+0.186
1.4.2. Debt to Equity Ratio

Measures if Akenerji is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Akenerji to the Utilities-Regulated Electric industry mean.
  • A Debt to Equity ratio of 0.0% means that company has ₤0.00 debt for each ₤1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Akenerji Elektrik Uretim AS:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM13.528-13.528
TTM13.528YOY-+13.528
TTM13.5285Y17.976-4.447
5Y17.97610Y11.054+6.922
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.997-1.997
TTM13.5281.997+11.531
YOY-2.017-2.017
5Y17.9762.165+15.811
10Y11.0542.077+8.977

2. Market Valuation of Akenerji Elektrik Uretim AS

2. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every ₤1 in earnings Akenerji generates.

  • Above 15 is considered overpriced but always compare Akenerji to the Utilities-Regulated Electric industry mean.
  • A PE ratio of -4.02 means the investor is paying ₤-4.02 for every ₤1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Akenerji Elektrik Uretim AS:

  • The EOD is -6.553. Company is losing money. -2
  • The MRQ is -4.018. Company is losing money. -2
  • The TTM is -2.354. Company is losing money. -2
Trends
Current periodCompared to+/- 
EOD-6.553MRQ-4.018-2.535
MRQ-4.018TTM-2.354-1.663
TTM-2.354YOY70.372-72.726
TTM-2.3545Y12.091-14.445
5Y12.09110Y1,348.924-1,336.833
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
EOD-6.55318.800-25.353
MRQ-4.01818.861-22.879
TTM-2.35419.139-21.493
YOY70.37217.371+53.001
5Y12.09120.986-8.895
10Y1,348.92422.356+1,326.568
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Akenerji.

  • Lower is better.
  • A PEG ratio of 1 means the market price of the stock and the expected future earnings are on par.

Let's take a look of the Price Earnings to Growth Ratio trends of Akenerji Elektrik Uretim AS:

  • The MRQ is -2.821. Very Bad. -2
  • The TTM is -0.287. Very Bad. -2
Trends
Current periodCompared to+/- 
MRQ-2.821TTM-0.287-2.534
TTM-0.287YOY34.818-35.105
TTM-0.2875Y6.104-6.391
5Y6.10410Y6.415-0.311
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
MRQ-2.82115.700-18.521
TTM-0.28730.833-31.120
YOY34.81855.154-20.336
5Y6.104116.705-110.601
10Y6.415141.454-135.039

2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Akenerji is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Utilities-Regulated Electric industry mean).
  • A PB ratio of -15.04 means the investor is paying ₤-15.04 for each ₤1 in book value.

Let's take a look of the Price to Book Ratio trends of Akenerji Elektrik Uretim AS:

  • The EOD is -24.522. Bad. Book ratio is negative. -2
  • The MRQ is -15.035. Bad. Book ratio is negative. -2
  • The TTM is -2.540. Bad. Book ratio is negative. -2
Trends
Current periodCompared to+/- 
EOD-24.522MRQ-15.035-9.487
MRQ-15.035TTM-2.540-12.495
TTM-2.540YOY-4.350+1.810
TTM-2.5405Y-0.562-1.978
5Y-0.56210Y0.203-0.765
Compared to industry (Utilities-Regulated Electric)
PeriodCompanyIndustry (mean)+/- 
EOD-24.5221.204-25.726
MRQ-15.0351.116-16.151
TTM-2.5401.230-3.770
YOY-4.3501.219-5.569
5Y-0.5621.296-1.858
10Y0.2031.483-1.280
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Akenerji Elektrik Uretim AS compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---0.6730.239-382%-0.230-66%-0.064-90%-0.035-95%
Book Value Growth---0.3661.152-132%0.067-648%1.953-119%1.547-124%
Book Value Per Share---0.1801.036-117%-0.799+343%0.568-132%0.947-119%
Book Value Per Share Growth---0.3661.152-132%0.067-648%1.954-119%1.547-124%
Current Ratio--1.1011.091+1%0.725+52%0.576+91%0.331+232%
Debt To Asset Ratio--1.0090.943+7%1.084-7%0.942+7%0.854+18%
Debt To Equity Ratio---13.528-100%-0%17.976-100%11.054-100%
Dividend Per Share----0%-0%-0%-0%
Eps---0.675-1.213+80%-0.239-65%-0.536-20%-0.276-59%
Eps Growth--1.424-12.014+944%-21.270+1593%-6.623+565%-5.212+466%
Free Cash Flow Per Share--1.4620.756+94%0.181+709%0.247+493%0.186+686%
Free Cash Flow Per Share Growth--2.7531.546+78%61.089-95%15.890-83%10.030-73%
Free Cash Flow To Equity Per Share--0.8020.336+139%0.080+903%0.085+846%0.113+611%
Free Cash Flow To Equity Per Share Growth--24.0956.556+268%1.132+2029%2.987+707%2.051+1075%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%0.667+50%
Intrinsic Value_10Y_max--209.903--------
Intrinsic Value_10Y_min--33.671--------
Intrinsic Value_1Y_max--5.638--------
Intrinsic Value_1Y_min--1.199--------
Intrinsic Value_3Y_max--28.672--------
Intrinsic Value_3Y_min--5.507--------
Intrinsic Value_5Y_max--65.854--------
Intrinsic Value_5Y_min--11.870--------
Net Profit Margin---0.084-0.473+463%-0.283+237%-0.493+486%-0.253+201%
Operating Margin--0.0760.113-32%0.112-32%0.019+296%0.008+822%
Operating Ratio--1.8421.783+3%1.728+7%1.825+1%1.385+33%
Pb Ratio-24.522-63%-15.035-2.540-83%-4.350-71%-0.562-96%0.203-7493%
Pe Ratio-6.553-63%-4.018-2.354-41%70.372-106%12.091-133%1348.924-100%
Peg Ratio---2.821-0.287-90%34.818-108%6.104-146%6.415-144%
Price Per Share4.420+39%2.7101.928+41%1.733+56%1.284+111%1.188+128%
Price To Total Gains Ratio-6.564-63%-4.025-2.036-49%3.591-212%-0.987-75%32.862-112%
Profit Growth--1.424-12.014+944%-21.270+1593%-6.623+565%-5.212+466%
Quick Ratio--0.4700.336+40%0.165+184%0.191+146%0.227+107%
Return On Assets---0.032-0.065+103%-0.026-20%-0.047+47%-0.024-24%
Return On Equity----0.9580%-0%-0.7100%-0.3670%
Revenue Growth--3.4991.768+98%1.247+181%1.219+187%1.150+204%
Total Gains Per Share---0.6730.239-382%-0.230-66%-0.064-90%-0.035-95%
Total Gains Per Share Growth--1.42718.441-92%-2.679+288%4.627-69%4.401-68%
Usd Book Value---6899982.75839667101.403-117%-30571898.871+343%21737060.381-132%36246125.471-119%
Usd Book Value Change Per Share---0.0350.013-382%-0.012-66%-0.003-90%-0.002-95%
Usd Book Value Per Share---0.0090.054-117%-0.042+343%0.030-132%0.050-119%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps---0.035-0.064+80%-0.013-65%-0.028-20%-0.014-59%
Usd Free Cash Flow--55984268.07828927311.328+94%6919860.045+709%7920031.710+607%4061554.723+1278%
Usd Free Cash Flow Per Share--0.0770.040+94%0.009+709%0.013+493%0.010+686%
Usd Free Cash Flow To Equity Per Share--0.0420.018+139%0.004+903%0.004+846%0.006+611%
Usd Price Per Share0.232+39%0.1420.101+41%0.091+56%0.067+111%0.062+128%
Usd Profit---25821316.605-46432339.839+80%-9133479.377-65%-20528647.143-20%-10562336.688-59%
Usd Revenue--307267010.663149017378.545+106%38383942.774+701%53558664.432+474%36340536.529+746%
Usd Total Gains Per Share---0.0350.013-382%-0.012-66%-0.003-90%-0.002-95%
 EOD+3 -2MRQTTM+23 -15YOY+22 -155Y+20 -1810Y+20 -19

3.2. Fundamental Score

Let's check the fundamental score of Akenerji Elektrik Uretim AS based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-6.553
Price to Book Ratio (EOD)Between0-1-24.522
Net Profit Margin (MRQ)Greater than0-0.084
Operating Margin (MRQ)Greater than00.076
Quick Ratio (MRQ)Greater than10.470
Current Ratio (MRQ)Greater than11.101
Debt to Asset Ratio (MRQ)Less than11.009
Debt to Equity Ratio (MRQ)Less than10.000
Return on Equity (MRQ)Greater than0.150.000
Return on Assets (MRQ)Greater than0.05-0.032
Total3/10 (30.0%)

3.3. Technical Score

Let's check the technical score of Akenerji Elektrik Uretim AS based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
OpenGreater thanClose4.410
Total0/1 (0.0%)



Latest Balance Sheet

Balance Sheet of 2022-09-30. Currency in TRY. All numbers in thousands.

Summary
Total Assets15,258,835
Total Liabilities15,390,263
Total Stockholder Equity-131,428
 As reported
Total Liabilities 15,390,263
Total Stockholder Equity+ -131,428
Total Assets = 15,258,835

Assets

Total Assets15,258,835
Total Current Assets3,679,880
Long-term Assets3,679,880
Total Current Assets
Cash And Cash Equivalents 1,835,615
Net Receivables 1,570,091
Inventory 12,435
Other Current Assets 236,650
Total Current Assets  (as reported)3,679,880
Total Current Assets  (calculated)3,654,791
+/- 25,090
Long-term Assets
Property Plant Equipment 11,167,118
Intangible Assets 103,058
Other Assets 308,678
Long-term Assets  (as reported)11,578,954
Long-term Assets  (calculated)11,578,854
+/- 100

Liabilities & Shareholders' Equity

Total Current Liabilities3,343,113
Long-term Liabilities12,047,150
Total Stockholder Equity-131,428
Total Current Liabilities
Short Long Term Debt 691,672
Accounts payable 2,123,626
Other Current Liabilities 455,781
Total Current Liabilities  (as reported)3,343,113
Total Current Liabilities  (calculated)3,271,079
+/- 72,034
Long-term Liabilities
Long term Debt 10,838,083
Capital Lease Obligations Min Short Term Debt173,629
Other Liabilities 1,058,118
Long-term Liabilities  (as reported)12,047,150
Long-term Liabilities  (calculated)12,069,831
+/- 22,680
Total Stockholder Equity
Common Stock729,164
Retained Earnings -8,251,450
Other Stockholders Equity 7,340,638
Total Stockholder Equity (as reported)-131,428
Total Stockholder Equity (calculated)-181,648
+/- 50,220
Other
Capital Stock729,164
Common Stock Shares Outstanding 729,164
Net Debt 9,694,140
Net Invested Capital 11,398,327
Net Tangible Assets -234,486
Net Working Capital 336,768



Balance Sheet

Currency in TRY. All numbers in thousands.

 Trend2022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302004-12-312004-09-302004-06-302004-03-312003-12-31
> Total Assets 
729,350
676,835,169,000
676,835,169,000
717,190
717,190
691,624
627,894
627,894
0
678,027
637,263
637,263
0
595,045
680,042
694,787
742,170
860,795
1,115,533
1,184,798
1,250,640
1,500,870
1,623,068
1,665,328
1,860,624
1,913,174
2,022,469
2,098,513
2,083,688
2,229,212
2,405,333
2,632,056
2,704,635
2,823,508
2,973,420
2,911,287
3,080,506
3,201,383
3,156,046
3,269,386
3,360,161
3,244,111
3,309,425
3,244,017
5,111,491
5,330,857
5,061,443
5,159,099
4,898,028
5,044,552
4,815,187
4,778,056
4,783,276
5,797,576
5,727,159
5,764,059
5,960,680
5,704,569
5,590,887
5,763,743
5,523,385
6,874,073
6,807,618
6,793,808
6,817,774
6,734,537
6,730,195
6,828,743
7,164,975
13,111,836
13,477,622
13,563,264
15,258,835
15,258,83513,563,26413,477,62213,111,8367,164,9756,828,7436,730,1956,734,5376,817,7746,793,8086,807,6186,874,0735,523,3855,763,7435,590,8875,704,5695,960,6805,764,0595,727,1595,797,5764,783,2764,778,0564,815,1875,044,5524,898,0285,159,0995,061,4435,330,8575,111,4913,244,0173,309,4253,244,1113,360,1613,269,3863,156,0463,201,3833,080,5062,911,2872,973,4202,823,5082,704,6352,632,0562,405,3332,229,2122,083,6882,098,5132,022,4691,913,1741,860,6241,665,3281,623,0681,500,8701,250,6401,184,7981,115,533860,795742,170694,787680,042595,0450637,263637,263678,0270627,894627,894691,624717,190717,190676,835,169,000676,835,169,000729,350
   > Total Current Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
398,975
431,597
174,929
173,148
232,989
245,224
325,457
290,398
494,888
312,405
243,750
247,240
314,572
396,691
364,797
371,965
503,053
887,908
1,528,246
1,965,877
1,986,478
3,679,880
3,679,8801,986,4781,965,8771,528,246887,908503,053371,965364,797396,691314,572247,240243,750312,405494,888290,398325,457245,224232,989173,148174,929431,597398,975000000000000000000000000000000000000000000000000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
246,683
302,476
45,241
15,907
12,065
18,340
19,320
74,606
270,105
143,781
88,187
66,689
162,058
258,712
214,333
212,373
257,000
527,786
681,299
1,045,086
948,334
1,835,615
1,835,615948,3341,045,086681,299527,786257,000212,373214,333258,712162,05866,68988,187143,781270,10574,60619,32018,34012,06515,90745,241302,476246,683000000000000000000000000000000000000000000000000000
       Net Receivables 
45,128
38,383,091,000
38,383,091,000
42,946
42,946
51,624
70,651
60,158
0
61,691
59,327
59,327
0
70,853
67,031
78,855
78,765
116,516
157,634
145,477
126,815
151,002
60,273
70,844
91,007
224,805
142,050
116,566
105,557
115,703
171,899
142,433
98,615
91,438
67,012
93,513
81,511
105,252
94,043
120,834
126,792
133,919
158,635
162,688
145,631
389,066
134,105
92,516
81,747
143,708
87,116
104,169
89,686
92,696
121,093
183,685
183,187
186,807
93,279
132,968
94,878
78,422
112,467
109,882
97,315
101,236
99,778
122,299
141,136
454,083
466,339
551,342
1,570,091
1,570,091551,342466,339454,083141,136122,29999,778101,23697,315109,882112,46778,42294,878132,96893,279186,807183,187183,685121,09392,69689,686104,16987,116143,70881,74792,516134,105389,066145,631162,688158,635133,919126,792120,83494,043105,25281,51193,51367,01291,43898,615142,433171,899115,703105,557116,566142,050224,80591,00770,84460,273151,002126,815145,477157,634116,51678,76578,85567,03170,853059,32759,32761,691060,15870,65151,62442,94642,94638,383,091,00038,383,091,00045,128
       Other Current Assets 
7,383
2,302,683,000
2,302,683,000
1,062
1,062
1,709
1,743
12,236
0
15,630
2,478
2,478
0
29,885
23,362
21,810
19,474
14,782
26,581
21,527
34,084
12,129
63,263
57,006
68,928
5,587
94,021
9,076
8,133
9,058
13,052
12,916
14,239
248,803
258,729
26,438
65,730
34,918
51,585
45,246
48,252
66,520
65,561
61,642
231,748
49,045
43,769
31,423
17,305
30,209
48,303
41,431
32,858
35,325
34,417
20,524
20,265
106,604
86,254
61,431
55,303
54,553
42,043
15,671
16,634
30,733
47,246
90,844
185,987
360,799
407,730
475,200
236,650
236,650475,200407,730360,799185,98790,84447,24630,73316,63415,67142,04354,55355,30361,43186,254106,60420,26520,52434,41735,32532,85841,43148,30330,20917,30531,42343,76949,045231,74861,64265,56166,52048,25245,24651,58534,91865,73026,438258,729248,80314,23912,91613,0529,0588,1339,07694,0215,58768,92857,00663,26312,12934,08421,52726,58114,78219,47421,81023,36229,88502,4782,47815,630012,2361,7431,7091,0621,0622,302,683,0002,302,683,0007,383
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
5,300,489
5,268,855
5,210,979
6,631,423
6,561,478
6,479,236
6,422,183
6,369,739
6,358,230
6,325,690
6,277,067
11,583,590
11,511,744
11,576,786
11,578,954
11,578,95411,576,78611,511,74411,583,5906,277,0676,325,6906,358,2306,369,7396,422,1836,479,2366,561,4786,631,4235,210,9795,268,8555,300,4890000000000000000000000000000000000000000000000000000000000
       Property Plant Equipment 
383,355
261,478,564,000
261,478,564,000
411,743
411,743
349,436
348,560
348,560
0
350,052
334,404
334,404
0
284,139
322,163
344,970
365,202
465,508
525,268
598,245
655,210
767,939
925,677
1,004,758
1,083,207
1,226,196
1,233,837
1,285,419
1,326,840
1,412,104
1,422,399
1,479,029
1,512,183
1,596,371
1,948,952
2,114,997
2,205,689
2,392,397
2,432,767
2,454,911
2,490,401
2,498,864
2,473,085
2,440,428
4,090,945
4,049,358
4,009,231
4,036,353
3,997,637
3,974,600
4,021,300
3,979,440
3,938,277
5,390,359
5,328,836
5,270,294
5,288,313
5,227,938
5,169,717
5,128,103
5,070,525
6,482,923
6,412,577
6,336,081
6,281,931
6,214,818
6,150,218
6,157,761
6,110,368
11,415,383
11,319,883
11,221,362
11,167,118
11,167,11811,221,36211,319,88311,415,3836,110,3686,157,7616,150,2186,214,8186,281,9316,336,0816,412,5776,482,9235,070,5255,128,1035,169,7175,227,9385,288,3135,270,2945,328,8365,390,3593,938,2773,979,4404,021,3003,974,6003,997,6374,036,3534,009,2314,049,3584,090,9452,440,4282,473,0852,498,8642,490,4012,454,9112,432,7672,392,3972,205,6892,114,9971,948,9521,596,3711,512,1831,479,0291,422,3991,412,1041,326,8401,285,4191,233,8371,226,1961,083,2071,004,758925,677767,939655,210598,245525,268465,508365,202344,970322,163284,1390334,404334,404350,0520348,560348,560349,436411,743411,743261,478,564,000261,478,564,000383,355
       Goodwill 
0
0
0
0
0
0
0
0
0
0
22,472
22,472
0
36,029
36,759
36,759
36,759
36,759
36,759
36,759
36,759
36,759
36,759
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000000000000000000000000000000000000036,75936,75936,75936,75936,75936,75936,75936,75936,75936,029022,47222,4720000000000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
100
100
100
100
100
100
100
100
100
100
100
0
0
0
0
0
0
0
0
0
0
0
00000000000100100100100100100100100100100100000000000000000000000000000000000000000000000000000
       Intangible Assets 
1,995
1,885,392,000
1,885,392,000
1,706
1,706
1,424
35,483
35,483
0
34,723
56,611
56,611
0
69,029
69,492
69,228
68,974
68,751
68,539
68,473
80,094
68,008
80,353
122,743
122,539
127,112
126,866
126,611
126,268
126,398
126,122
125,181
124,646
124,070
123,484
122,907
122,323
121,187
120,671
120,155
119,607
118,568
118,145
117,613
116,373
115,809
115,287
114,862
113,880
113,364
112,883
112,490
112,075
113,308
112,655
112,004
111,341
110,934
110,316
109,683
109,182
108,555
107,907
107,230
106,595
106,026
105,587
105,540
105,213
104,651
104,197
103,619
103,058
103,058103,619104,197104,651105,213105,540105,587106,026106,595107,230107,907108,555109,182109,683110,316110,934111,341112,004112,655113,308112,075112,490112,883113,364113,880114,862115,287115,809116,373117,613118,145118,568119,607120,155120,671121,187122,323122,907123,484124,070124,646125,181126,122126,398126,268126,611126,866127,112122,539122,74380,35368,00880,09468,47368,53968,75168,97469,22869,49269,029056,61156,61134,723035,48335,4831,4241,7061,7061,885,392,0001,885,392,0001,995
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
19,329
20,234
18,997
20,522
19,322
18,968
18,789
18,603
24,331
20,072
20,041
54,671
75,060
112,642
130,405
130,405112,64275,06054,67120,04120,07224,33118,60318,78918,96819,32220,52218,99720,23419,3290000000000000000000000000000000000000000000000000000000000
> Total Liabilities 
103,714
88,411,965,000
88,411,965,000
108,358
108,358
149,682
138,537
138,537
0
233,319
207,639
207,639
0
205,726
255,780
255,812
284,240
381,589
627,526
707,546
757,717
782,019
906,633
899,994
1,069,372
1,148,449
1,252,074
1,367,985
1,490,464
1,704,632
1,807,785
1,887,424
1,827,479
1,879,073
2,039,157
1,963,279
2,190,243
2,373,355
2,409,335
2,521,951
2,738,723
2,736,019
2,981,465
2,911,164
3,548,751
3,695,743
3,368,300
3,547,548
3,430,906
3,944,373
3,863,183
3,845,649
3,977,678
3,994,021
4,068,994
4,552,163
5,737,075
5,244,004
5,377,341
5,665,658
5,486,035
5,912,906
6,182,042
6,343,012
6,974,264
6,863,149
7,308,277
7,623,058
7,993,254
11,533,632
12,261,708
13,203,698
15,390,263
15,390,26313,203,69812,261,70811,533,6327,993,2547,623,0587,308,2776,863,1496,974,2646,343,0126,182,0425,912,9065,486,0355,665,6585,377,3415,244,0045,737,0754,552,1634,068,9943,994,0213,977,6783,845,6493,863,1833,944,3733,430,9063,547,5483,368,3003,695,7433,548,7512,911,1642,981,4652,736,0192,738,7232,521,9512,409,3352,373,3552,190,2431,963,2792,039,1571,879,0731,827,4791,887,4241,807,7851,704,6321,490,4641,367,9851,252,0741,148,4491,069,372899,994906,633782,019757,717707,546627,526381,589284,240255,812255,780205,7260207,639207,639233,3190138,537138,537149,682108,358108,35888,411,965,00088,411,965,000103,714
   > Total Current Liabilities 
78,598
70,694,866,000
70,694,866,000
61,118
61,118
58,922
63,877
63,877
0
77,829
64,826
64,826
0
56,877
64,952
62,765
78,518
111,161
333,753
445,110
454,002
416,774
416,565
425,133
492,158
471,569
443,210
452,956
482,265
644,469
715,898
790,219
594,287
484,794
521,246
365,748
461,144
381,928
379,022
471,839
487,846
613,682
793,567
871,267
1,040,475
369,775
418,686
448,982
254,358
565,889
463,392
557,265
633,503
610,027
593,719
941,319
1,232,590
1,467,969
1,698,802
1,885,531
1,953,166
468,920
452,077
496,215
551,126
609,821
566,128
742,422
918,220
1,594,069
1,543,647
1,924,807
3,343,113
3,343,1131,924,8071,543,6471,594,069918,220742,422566,128609,821551,126496,215452,077468,9201,953,1661,885,5311,698,8021,467,9691,232,590941,319593,719610,027633,503557,265463,392565,889254,358448,982418,686369,7751,040,475871,267793,567613,682487,846471,839379,022381,928461,144365,748521,246484,794594,287790,219715,898644,469482,265452,956443,210471,569492,158425,133416,565416,774454,002445,110333,753111,16178,51862,76564,95256,877064,82664,82677,829063,87763,87758,92261,11861,11870,694,866,00070,694,866,00078,598
       Short-term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,204,540
436,250
393,056
172,936
447,485
655,733
877,430
1,385,102
1,517,375
1,631,648
172,492
0
0
0
0
0
0
0
0
0
0
0
00000000000172,4921,631,6481,517,3751,385,102877,430655,733447,485172,936393,056436,2503,204,540000000000000000000000000000000000000000000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,204,540
436,250
393,056
172,936
447,485
655,733
877,430
1,385,102
1,517,375
1,631,648
172,492
189,063
210,757
245,508
246,602
285,400
306,519
317,859
492,951
552,341
609,622
691,672
691,672609,622552,341492,951317,859306,519285,400246,602245,508210,757189,063172,4921,631,6481,517,3751,385,102877,430655,733447,485172,936393,056436,2503,204,540000000000000000000000000000000000000000000000000000
       Accounts payable 
33,152
32,258,957,000
32,258,957,000
43,338
43,338
41,368
44,116
44,120
0
50,342
40,637
40,637
0
36,208
47,013
42,959
54,455
65,797
73,546
59,454
51,852
65,042
48,487
48,972
72,422
97,610
94,091
89,832
78,116
98,435
135,391
126,093
109,945
85,391
68,877
120,584
183,560
119,266
4,683
110,163
158,738
77,094
86,637
84,175
130,088
125,357
104,045
96,601
85,822
166,640
107,923
149,993
163,036
182,956
180,246
191,066
237,129
286,535
273,836
319,586
265,724
197,792
175,538
187,981
201,204
245,753
154,247
214,512
271,173
509,926
271,750
715,815
2,123,626
2,123,626715,815271,750509,926271,173214,512154,247245,753201,204187,981175,538197,792265,724319,586273,836286,535237,129191,066180,246182,956163,036149,993107,923166,64085,82296,601104,045125,357130,08884,17586,63777,094158,738110,1634,683119,266183,560120,58468,87785,391109,945126,093135,39198,43578,11689,83294,09197,61072,42248,97248,48765,04251,85259,45473,54665,79754,45542,95947,01336,208040,63740,63750,342044,12044,11641,36843,33843,33832,258,957,00032,258,957,00033,152
       Other Current Liabilities 
10,782
4,591,106,000
4,591,106,000
2,658
2,658
6,707
9,537
9,533
0
13,111
10,732
10,732
0
12,459
5,509
4,094
6,819
10,822
193,532
24,090
22,002
9,291
17,881
33,261
37,767
23,326
14,982
17,604
17,382
72,239
71,679
58,512
24,021
171,501
199,427
72,444
66,506
56,213
139,004
39,544
39,459
41,578
44,839
50,888
44,369
53,993
54,040
38,042
29,324
36,333
37,810
45,398
41,950
44,280
37,179
22,660
26,326
34,339
30,158
28,802
1,867
38,071
39,534
44,720
52,625
62,374
76,968
143,998
259,658
451,070
634,341
524,803
455,781
455,781524,803634,341451,070259,658143,99876,96862,37452,62544,72039,53438,0711,86728,80230,15834,33926,32622,66037,17944,28041,95045,39837,81036,33329,32438,04254,04053,99344,36950,88844,83941,57839,45939,544139,00456,21366,50672,444199,427171,50124,02158,51271,67972,23917,38217,60414,98223,32637,76733,26117,8819,29122,00224,090193,53210,8226,8194,0945,50912,459010,73210,73213,11109,5339,5376,7072,6582,6584,591,106,0004,591,106,00010,782
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
3,678,538
3,780,127
3,532,869
5,443,986
5,729,965
5,846,797
6,423,138
6,253,328
6,742,149
6,880,636
7,075,034
9,939,563
10,718,061
11,278,892
12,047,150
12,047,15011,278,89210,718,0619,939,5637,075,0346,880,6366,742,1496,253,3286,423,1385,846,7975,729,9655,443,9863,532,8693,780,1273,678,5380000000000000000000000000000000000000000000000000000000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-3,204,540
-436,250
-393,056
-172,936
-447,485
-655,733
-877,430
-1,313,985
-1,425,090
-1,545,283
-80,517
95,763
102,361
114,131
113,433
115,962
122,350
117,094
159,106
165,193
176,105
173,629
173,629176,105165,193159,106117,094122,350115,962113,433114,131102,36195,763-80,517-1,545,283-1,425,090-1,313,985-877,430-655,733-447,485-172,936-393,056-436,250-3,204,540000000000000000000000000000000000000000000000000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
16
0
17
0
0
17
18
0
190,962
0
0
0
0
0000190,962018170017016000000000000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
624,516
587,277,838,000
587,277,838,000
607,669
607,669
540,846
488,260
488,260
489,357
442,795
428,340
428,340
429,624
388,014
422,904
437,651
456,671
477,783
486,480
475,785
490,928
716,447
713,578
762,090
787,864
765,948
771,766
727,364
590,659
523,543
596,163
741,462
873,497
941,444
933,984
947,865
890,333
828,028
746,712
747,435
621,438
508,091
327,960
332,854
1,562,739
1,635,114
1,693,142
1,611,551
1,467,122
1,100,179
952,004
932,407
805,598
1,803,555
1,658,165
1,211,897
223,605
460,565
213,546
98,085
37,350
961,168
625,576
450,796
-156,491
-128,612
-578,082
-794,315
-828,279
1,578,204
1,215,914
359,566
-131,428
-131,428359,5661,215,9141,578,204-828,279-794,315-578,082-128,612-156,491450,796625,576961,16837,35098,085213,546460,565223,6051,211,8971,658,1651,803,555805,598932,407952,0041,100,1791,467,1221,611,5511,693,1421,635,1141,562,739332,854327,960508,091621,438747,435746,712828,028890,333947,865933,984941,444873,497741,462596,163523,543590,659727,364771,766765,948787,864762,090713,578716,447490,928475,785486,480477,783456,671437,651422,904388,014429,624428,340428,340442,795489,357488,260488,260540,846607,669607,669587,277,838,000587,277,838,000624,516
   Common Stock
59,400
65,340,000,000
65,340,000,000
65,340
65,340
65,340
65,340
65,340
0
65,340
65,340
65,340
0
65,340
65,340
65,340
65,340
65,340
65,340
65,340
65,340
65,340
65,340
375,814
375,814
375,814
375,814
375,814
375,814
375,814
375,814
375,814
375,814
375,814
729,164
729,164
729,164
729,164
729,164
729,164
729,164
729,164
729,164
729,164
729,164
729,164
729,164
729,164
729,164
729,164
729,164
729,164
729,164
729,164
729,164
729,164
729,164
729,164
729,164
729,164
729,164
729,164
729,164
729,164
729,164
729,164
729,164
729,164
729,164
729,164
729,164
729,164
729,164
729,164729,164729,164729,164729,164729,164729,164729,164729,164729,164729,164729,164729,164729,164729,164729,164729,164729,164729,164729,164729,164729,164729,164729,164729,164729,164729,164729,164729,164729,164729,164729,164729,164729,164729,164729,164729,164729,164729,164375,814375,814375,814375,814375,814375,814375,814375,814375,814375,814375,81465,34065,34065,34065,34065,34065,34065,34065,34065,34065,340065,34065,34065,340065,34065,34065,34065,34065,34065,340,000,00065,340,000,00059,400
   Retained Earnings Total Equity0000000000000000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 0000000000000000000000000000000000000000000000000000000000000000000000000
   Capital Surplus 0000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock0000000000000000000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,450,053
1,437,494
2,608,107
2,578,954
2,549,986
2,580,856
2,633,666
2,608,270
2,566,799
2,529,957
3,722,161
3,668,716
3,615,507
3,543,635
3,522,444
3,479,329
3,436,811
3,394,312
7,587,103
7,505,281
7,421,477
7,340,638
7,340,6387,421,4777,505,2817,587,1033,394,3123,436,8113,479,3293,522,4443,543,6353,615,5073,668,7163,722,1612,529,9572,566,7992,608,2702,633,6662,580,8562,549,9862,578,9542,608,1071,437,4941,450,053000000000000000000000000000000000000000000000000000



Balance Sheet

Currency in TRY. All numbers in thousands.




Cash Flow

Currency in TRY. All numbers in thousands.