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Aksa Enerji Uretim AS
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PenkeI guess you are interested in Aksa Enerji Uretim AS. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

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Quick analysis of Aksa Enerji Uretim AS (30 sec.)










What can you expect buying and holding a share of Aksa Enerji Uretim AS? (30 sec.)

How much money do you get?

How much money do you get?
‚āļ0.06
When do you have the money?
1 year
How often do you get paid?
27.5%

What is your share worth?

Current worth
‚āļ28.24
Expected worth in 1 year
‚āļ41.03
How sure are you?
72.5%

+ What do you gain per year?

Total Gains per Share
‚āļ14.76
Return On Investment
33.0%

For what price can you sell your share?

Current Price per Share
‚āļ44.70
Expected price per share
‚āļ41.91 - ‚āļ51.43
How sure are you?
50%

1. Valuation of Aksa Enerji Uretim AS (5 min.)




Live pricePrice per Share (EOD)

‚āļ44.70

Intrinsic Value Per Share

‚āļ-13.58 - ‚āļ-7.60

Total Value Per Share

‚āļ14.66 - ‚āļ20.64

2. Growth of Aksa Enerji Uretim AS (5 min.)




Is Aksa Enerji Uretim AS growing?

Current yearPrevious yearGrowGrow %
How rich?$1b$462.2m$338.5m42.3%

How much money is Aksa Enerji Uretim AS making?

Current yearPrevious yearGrowGrow %
Making money$41.9m$34.7m$7.1m17.0%
Net Profit Margin17.0%11.3%--

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

3. Financial Health of Aksa Enerji Uretim AS (5 min.)




What can you expect buying and holding a share of Aksa Enerji Uretim AS? (5 min.)

Welcome investor! Aksa Enerji Uretim AS's management wants to use your money to grow the business. In return you get a share of Aksa Enerji Uretim AS.

What can you expect buying and holding a share of Aksa Enerji Uretim AS?

First you should know what it really means to hold a share of Aksa Enerji Uretim AS. And how you can make/lose money.

Speculation

The Price per Share of Aksa Enerji Uretim AS is ‚āļ44.70. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Aksa Enerji Uretim AS.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Aksa Enerji Uretim AS, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is ‚āļ28.24. Based on the TTM, the Book Value Change Per Share is ‚āļ3.20 per quarter. Based on the YOY, the Book Value Change Per Share is ‚āļ1.71 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is ‚āļ0.50 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Aksa Enerji Uretim AS.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 ‚āļ% of Price per Share‚āļ% of Price per Share‚āļ% of Price per Share‚āļ% of Price per Share‚āļ% of Price per Share
Usd Eps0.050.1%0.030.1%0.030.1%0.020.0%0.010.0%
Usd Book Value Change Per Share0.210.5%0.100.2%0.050.1%0.040.1%0.020.0%
Usd Dividend Per Share0.010.0%0.020.0%0.020.0%0.010.0%0.000.0%
Usd Total Gains Per Share0.220.5%0.110.3%0.070.2%0.050.1%0.020.1%
Usd Price Per Share0.91-1.00-0.93-0.51-0.30-
Price to Earnings Ratio4.77-7.72-9.87-11.16--17.95-
Price-to-Total Gains Ratio4.04-13.90-13.95-15.14-5.58-
Price to Book Ratio1.05-1.58-2.38-1.83-3.25-
Price-to-Total Gains Ratio4.04-13.90-13.95-15.14-5.58-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share1.36335
Number of shares733
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.020.01
Usd Book Value Change Per Share0.100.04
Usd Total Gains Per Share0.110.05
Gains per Quarter (733 shares)82.5235.59
Gains per Year (733 shares)330.09142.35
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
14428632023120132
28957265045239274
313385798068359416
41771143131091479558
522114291640114598700
626617151970136718842
731020012300159837984
8354228626301829571126
93992572296020410771268
104432858329022711961410

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%29.03.08.072.5%39.03.014.069.6%
Book Value Change Per Share4.00.00.0100.0%12.00.00.0100.0%19.01.00.095.0%29.011.00.072.5%39.017.00.069.6%
Dividend per Share3.00.01.075.0%8.00.04.066.7%8.00.012.040.0%11.00.029.027.5%18.00.038.032.1%
Total Gains per Share4.00.00.0100.0%12.00.00.0100.0%19.01.00.095.0%29.011.00.072.5%39.017.00.069.6%

Fundamentals of Aksa Enerji Uretim AS

About Aksa Enerji Uretim AS

Aksa Enerji √úretim A.S., an independent power producer, produces and sells electricity in Turkey, Asia, and Africa. The company produces energy from coal, fuel oil, biogas, natural gas, wind, and hydroelectricity. It operates approximately 30 power plants. The company also engage in construction, lending, and operation of electricity power plants. The company was founded in 1997 and is headquartered in Istanbul, Turkey. Aksa Enerji √úretim A.S. operates as a subsidiary of Kazanci Holding A.S.

Fundamental data was last updated by Penke on 2024-06-04 10:00:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is less efficient in making profit.
Using its investors money, the company is less efficient 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 able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is underpriced.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is cheap.

1.1. Profitability of Aksa Enerji Uretim AS.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit¬†Aksa Enerji Uretim AS earns for each ₤1 of revenue.

  • Above 10% is considered healthy but always compare¬†Aksa Enerji Uretim AS to the¬†Utilities - Independent Power Producers industry mean.
  • A Net Profit Margin of 13.3%¬†means that¬†₤0.13 for each ₤1¬†in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Aksa Enerji Uretim AS:

  • The MRQ is 13.3%. The company is making a huge profit. +2
  • The TTM is 17.0%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ13.3%TTM17.0%-3.6%
TTM17.0%YOY11.3%+5.7%
TTM17.0%5Y10.4%+6.6%
5Y10.4%10Y6.9%+3.4%
1.1.2. Return on Assets

Shows how efficient Aksa Enerji Uretim AS is using its assets to generate profit.

  • Above 5% is considered healthy¬†but always compare¬†Aksa Enerji Uretim AS to the¬†Utilities - Independent Power Producers industry mean.
  • 3.4% Return on Assets means that¬†Aksa Enerji Uretim AS generated¬†₤0.03 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Aksa Enerji Uretim AS:

  • The MRQ is 3.4%. Using its assets, the company is less efficient in making profit.
  • The TTM is 3.1%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ3.4%TTM3.1%+0.3%
TTM3.1%YOY4.3%-1.2%
TTM3.1%5Y2.5%+0.6%
5Y2.5%10Y1.6%+0.9%
1.1.3. Return on Equity

Shows how efficient Aksa Enerji Uretim AS is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare¬†Aksa Enerji Uretim AS to the¬†Utilities - Independent Power Producers industry mean.
  • 6.0% Return on Equity means Aksa Enerji Uretim AS generated ₤0.06¬†for each¬†₤1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Aksa Enerji Uretim AS:

  • The MRQ is 6.0%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 5.8%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ6.0%TTM5.8%+0.3%
TTM5.8%YOY8.7%-2.9%
TTM5.8%5Y5.4%+0.4%
5Y5.4%10Y4.1%+1.4%

1.2. Operating Efficiency of Aksa Enerji Uretim AS.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Aksa Enerji Uretim AS is operating .

  • Measures how much profit Aksa Enerji Uretim AS 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¬†Aksa Enerji Uretim AS to the¬†Utilities - Independent Power Producers industry mean.
  • An Operating Margin of 0.0%¬†means the company generated ₤0.00 ¬†for each ₤1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Aksa Enerji Uretim AS:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM10.5%-10.5%
TTM10.5%YOY12.9%-2.4%
TTM10.5%5Y16.3%-5.8%
5Y16.3%10Y10.2%+6.1%
1.2.2. Operating Ratio

Measures how efficient Aksa Enerji Uretim AS is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†Utilities - Independent Power Producers industry mean).
  • An Operation Ratio of 1.70 means that the operating costs are ₤1.70 for each ₤1 in net sales.

Let's take a look of the Operating Ratio trends of Aksa Enerji Uretim AS:

  • The MRQ is 1.699. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.596. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.699TTM1.596+0.103
TTM1.596YOY1.734-0.139
TTM1.5965Y1.667-0.071
5Y1.66710Y1.401+0.267

1.3. Liquidity of Aksa Enerji Uretim AS.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Aksa Enerji Uretim AS is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to¬†Utilities - Independent Power Producers industry mean).
  • A Current Ratio of 1.24¬†means the company has ₤1.24 in assets for each ₤1 in short-term debts.

Let's take a look of the Current Ratio trends of Aksa Enerji Uretim AS:

  • The MRQ is 1.241. The company is just able to pay all its short-term debts.
  • The TTM is 1.376. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.241TTM1.376-0.134
TTM1.376YOY1.331+0.045
TTM1.3765Y1.148+0.228
5Y1.14810Y0.706+0.442
1.3.2. Quick Ratio

Measures if Aksa Enerji Uretim AS is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but¬†always compare¬†Aksa Enerji Uretim AS to the¬†Utilities - Independent Power Producers industry mean.
  • A Quick Ratio of 0.98¬†means the company can pay off ₤0.98 for each ₤1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Aksa Enerji Uretim AS:

  • The MRQ is 0.983. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 1.088. The company is just able to pay all its short-term debts with the most liquid assets.
Trends
Current periodCompared to+/- 
MRQ0.983TTM1.088-0.105
TTM1.088YOY1.156-0.068
TTM1.0885Y0.907+0.181
5Y0.90710Y0.573+0.334

1.4. Solvency of Aksa Enerji Uretim AS.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Aksa Enerji Uretim AS assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare¬†Aksa Enerji Uretim AS to Utilities - Independent Power Producers industry mean.
  • A Debt to Asset Ratio of 0.38¬†means that Aksa Enerji Uretim AS assets are¬†financed with 37.9% credit (debt) and the remaining percentage (100% - 37.9%)¬†is financed by its owners/shareholders.¬†

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

  • The MRQ is 0.379. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.402. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.379TTM0.402-0.022
TTM0.402YOY0.455-0.053
TTM0.4025Y0.508-0.107
5Y0.50810Y0.637-0.129
1.4.2. Debt to Equity Ratio

Measures if Aksa Enerji Uretim AS is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but¬†always compare¬†Aksa Enerji Uretim AS to the¬†Utilities - Independent Power Producers industry mean.
  • A Debt to Equity ratio of 66.7% means that company has ₤0.67 debt for each ₤1 in shareholders equity.

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

  • The MRQ is 0.667. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.742. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.667TTM0.742-0.075
TTM0.742YOY0.920-0.177
TTM0.7425Y1.243-0.501
5Y1.24310Y2.760-1.517

2. Market Valuation of Aksa Enerji Uretim AS

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures¬†how much money you pay¬†for each share for¬†every ₤1 in earnings Aksa Enerji Uretim AS generates.

  • Above 15 is considered overpriced but¬†always compare¬†Aksa Enerji Uretim AS to the¬†Utilities - Independent Power Producers industry mean.
  • A PE ratio of 4.77 means the investor is paying ₤4.77¬†for every ₤1 in earnings.

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

  • The EOD is 7.174. Based on the earnings, the company is cheap. +2
  • The MRQ is 4.773. Based on the earnings, the company is cheap. +2
  • The TTM is 7.721. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD7.174MRQ4.773+2.401
MRQ4.773TTM7.721-2.948
TTM7.721YOY9.868-2.146
TTM7.7215Y11.163-3.442
5Y11.16310Y-17.946+29.110
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Aksa Enerji Uretim AS:

  • The EOD is -35.094. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -23.349. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is 2.125. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD-35.094MRQ-23.349-11.745
MRQ-23.349TTM2.125-25.474
TTM2.125YOY43.137-41.012
TTM2.1255Y10.908-8.783
5Y10.90810Y3.027+7.881
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Aksa Enerji Uretim AS is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy¬†(always compare to Utilities - Independent Power Producers industry mean).
  • A PB ratio of 1.05 means the investor is paying ₤1.05¬†for each ₤1 in book value.

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

  • The EOD is 1.583. Based on the equity, the company is underpriced. +1
  • The MRQ is 1.053. Based on the equity, the company is underpriced. +1
  • The TTM is 1.585. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.583MRQ1.053+0.530
MRQ1.053TTM1.585-0.532
TTM1.585YOY2.377-0.792
TTM1.5855Y1.834-0.249
5Y1.83410Y3.254-1.420
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Aksa Enerji 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--7.0093.196+119%1.707+311%1.338+424%0.684+924%
Book Value Per Share--28.24321.411+32%12.359+129%9.012+213%4.933+473%
Current Ratio--1.2411.376-10%1.331-7%1.148+8%0.706+76%
Debt To Asset Ratio--0.3790.402-6%0.455-17%0.508-25%0.637-40%
Debt To Equity Ratio--0.6670.742-10%0.920-27%1.243-46%2.760-76%
Dividend Per Share--0.3500.495-29%0.632-45%0.254+38%0.127+176%
Eps--1.5581.121+39%0.930+68%0.511+205%0.268+482%
Free Cash Flow Per Share---0.3180.576-155%-0.220-31%0.085-476%0.012-2685%
Free Cash Flow To Equity Per Share---0.3180.166-292%0.085-475%0.080-497%0.050-738%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%0.800+25%
Intrinsic Value_10Y_max---7.602--------
Intrinsic Value_10Y_min---13.582--------
Intrinsic Value_1Y_max--0.007--------
Intrinsic Value_1Y_min---0.191--------
Intrinsic Value_3Y_max---0.565--------
Intrinsic Value_3Y_min---1.592--------
Intrinsic Value_5Y_max---1.843--------
Intrinsic Value_5Y_min---4.095--------
Market Cap54817396569.600+33%36471350648.32040260741149.440-9%37483081121.920-3%20492140865.280+78%12164985897.568+200%
Net Profit Margin--0.1330.170-21%0.113+18%0.104+29%0.069+93%
Operating Margin---0.105-100%0.129-100%0.163-100%0.102-100%
Operating Ratio--1.6991.596+6%1.734-2%1.667+2%1.401+21%
Pb Ratio1.583+33%1.0531.585-34%2.377-56%1.834-43%3.254-68%
Pe Ratio7.174+33%4.7737.721-38%9.868-52%11.163-57%-17.946+476%
Price Per Share44.700+33%29.74032.830-9%30.565-3%16.710+78%9.920+200%
Price To Free Cash Flow Ratio-35.094-50%-23.3492.125-1199%43.137-154%10.908-314%3.027-871%
Price To Total Gains Ratio6.074+33%4.04113.897-71%13.945-71%15.137-73%5.581-28%
Quick Ratio--0.9831.088-10%1.156-15%0.907+8%0.573+72%
Return On Assets--0.0340.031+10%0.043-20%0.025+37%0.016+118%
Return On Equity--0.0600.058+5%0.087-31%0.054+11%0.041+49%
Total Gains Per Share--7.3593.691+99%2.339+215%1.592+362%0.811+807%
Usd Book Value--1056387052.239800840349.055+32%462255770.900+129%337080964.773+213%184519799.983+473%
Usd Book Value Change Per Share--0.2140.097+119%0.052+311%0.041+424%0.021+924%
Usd Book Value Per Share--0.8610.653+32%0.377+129%0.275+213%0.150+473%
Usd Dividend Per Share--0.0110.015-29%0.019-45%0.008+38%0.004+176%
Usd Eps--0.0480.034+39%0.028+68%0.016+205%0.008+482%
Usd Free Cash Flow---11910279.34121533715.980-155%-8245012.449-31%3169829.042-476%414672.630-2972%
Usd Free Cash Flow Per Share---0.0100.018-155%-0.007-31%0.003-476%0.000-2685%
Usd Free Cash Flow To Equity Per Share---0.0100.005-292%0.003-475%0.002-497%0.002-738%
Usd Market Cap1671930595.373+33%1112376194.7741227952605.058-9%1143233974.219-3%625010296.391+78%371032069.876+200%
Usd Price Per Share1.363+33%0.9071.001-9%0.932-3%0.510+78%0.303+200%
Usd Profit--58260510.34441911307.706+39%34781521.909+68%19118993.123+205%10008832.720+482%
Usd Revenue--436414172.395268188462.919+63%347990470.052+25%163948159.405+166%93973399.865+364%
Usd Total Gains Per Share--0.2240.113+99%0.071+215%0.049+362%0.025+807%
 EOD+5 -3MRQTTM+19 -16YOY+19 -165Y+26 -910Y+26 -10

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-157.174
Price to Book Ratio (EOD)Between0-11.583
Net Profit Margin (MRQ)Greater than00.133
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.983
Current Ratio (MRQ)Greater than11.241
Debt to Asset Ratio (MRQ)Less than10.379
Debt to Equity Ratio (MRQ)Less than10.667
Return on Equity (MRQ)Greater than0.150.060
Return on Assets (MRQ)Greater than0.050.034
Total5/10 (50.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5052.356
Ma 20Greater thanMa 5045.696
Ma 50Greater thanMa 10040.512
Ma 100Greater thanMa 20038.248
OpenGreater thanClose44.580
Total4/5 (80.0%)



Reversals in quarterly reports

I have detected a reversal (positive to negative, negative to positive) in the following values of the quarterly reports.

 2022-12-312023-03-312023-06-302023-09-302023-12-31
Tax Provision  353,79128,383382,17420,510402,68537,879440,564-630,326-189,762



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in TRY. All numbers in thousands.

Summary
Total Assets55,806,281
Total Liabilities21,170,640
Total Stockholder Equity31,729,112
 As reported
Total Liabilities 21,170,640
Total Stockholder Equity+ 31,729,112
Total Assets = 55,806,281

Assets

Total Assets55,806,281
Total Current Assets17,090,640
Long-term Assets38,715,642
Total Current Assets
Cash And Cash Equivalents 794,882
Net Receivables 13,530,095
Inventory 895,977
Other Current Assets 13,327
Total Current Assets  (as reported)17,090,640
Total Current Assets  (calculated)15,234,282
+/- 1,856,358
Long-term Assets
Property Plant Equipment 37,162,703
Goodwill 358,313
Intangible Assets 748,221
Long-term Assets  (as reported)38,715,642
Long-term Assets  (calculated)38,269,237
+/- 446,404

Liabilities & Shareholders' Equity

Total Current Liabilities13,766,134
Long-term Liabilities7,404,507
Total Stockholder Equity31,729,112
Total Current Liabilities
Short Long Term Debt 8,171,030
Accounts payable 3,340,362
Other Current Liabilities 34,245
Total Current Liabilities  (as reported)13,766,134
Total Current Liabilities  (calculated)11,545,637
+/- 2,220,496
Long-term Liabilities
Long term Debt 5,077,657
Capital Lease Obligations Min Short Term Debt191,412
Long-term Liabilities  (as reported)7,404,507
Long-term Liabilities  (calculated)5,269,069
+/- 2,135,438
Total Stockholder Equity
Retained Earnings 18,376,158
Total Stockholder Equity (as reported)31,729,112
Total Stockholder Equity (calculated)18,376,158
+/- 13,352,954
Other
Capital Stock1,226,338
Common Stock Shares Outstanding 1,226,338
Net Debt 12,453,804
Net Invested Capital 44,977,798
Net Working Capital 3,324,506
Property Plant and Equipment Gross 51,264,876



Balance Sheet

Currency in TRY. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312008-12-312007-12-31
> Total Assets 
568,687
1,339,079
1,706,416
2,002,765
2,121,875
2,241,403
2,360,472
2,421,199
2,405,420
2,505,696
2,617,021
2,773,566
2,660,770
2,724,163
2,832,039
2,762,589
2,672,342
2,740,389
2,768,544
3,104,229
3,117,501
3,329,857
3,459,741
3,600,374
3,764,761
4,010,661
4,060,706
4,345,102
4,129,545
4,341,622
4,255,420
4,211,155
4,430,689
4,080,909
5,214,584
5,411,592
5,762,373
7,012,073
6,441,491
6,871,784
6,936,851
6,916,270
8,501,122
8,931,336
9,372,675
9,611,756
9,502,694
9,818,196
12,009,430
12,920,859
20,649,538
22,632,097
26,142,274
28,873,207
33,232,507
33,742,494
41,231,501
44,265,021
55,806,281
55,806,28144,265,02141,231,50133,742,49433,232,50728,873,20726,142,27422,632,09720,649,53812,920,85912,009,4309,818,1969,502,6949,611,7569,372,6758,931,3368,501,1226,916,2706,936,8516,871,7846,441,4917,012,0735,762,3735,411,5925,214,5844,080,9094,430,6894,211,1554,255,4204,341,6224,129,5454,345,1024,060,7064,010,6613,764,7613,600,3743,459,7413,329,8573,117,5013,104,2292,768,5442,740,3892,672,3422,762,5892,832,0392,724,1632,660,7702,773,5662,617,0212,505,6962,405,4202,421,1992,360,4722,241,4032,121,8752,002,7651,706,4161,339,079568,687
   > 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
1,617,770
1,367,334
1,473,546
1,719,752
1,957,062
2,943,142
2,430,772
2,515,627
2,723,817
2,839,067
2,683,961
2,995,367
3,435,222
3,488,468
3,463,784
3,448,686
5,241,509
5,577,756
7,129,100
7,652,492
9,390,467
11,138,774
11,416,103
11,547,166
13,626,220
14,983,928
17,090,640
17,090,64014,983,92813,626,22011,547,16611,416,10311,138,7749,390,4677,652,4927,129,1005,577,7565,241,5093,448,6863,463,7843,488,4683,435,2222,995,3672,683,9612,839,0672,723,8172,515,6272,430,7722,943,1421,957,0621,719,7521,473,5461,367,3341,617,77000000000000000000000000000000000
       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
199,516
4,481
59,578
36,898
18,972
24,475
53,026
116,463
91,628
131,910
121,472
309,158
462,973
307,136
314,171
42,788
465,762
396,426
524,701
281,927
236,370
844,069
937,344
1,476,893
936,021
1,425,689
794,882
794,8821,425,689936,0211,476,893937,344844,069236,370281,927524,701396,426465,76242,788314,171307,136462,973309,158121,472131,91091,628116,46353,02624,47518,97236,89859,5784,481199,51600000000000000000000000000000000
       Short-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
33,735
563,350
398,832
306,414
9,601
38,514
0
0
0038,5149,601306,414398,832563,35033,735000000000000000000000000000000000000000000000000000
       Net Receivables 
106,140
295,533
431,233
456,562
533,480
729,109
720,997
684,885
629,634
642,615
622,355
700,123
660,941
696,733
841,499
581,734
291,965
258,435
149,348
136,513
140,299
32,586
96,277
26,962
63,553
81,390
186,827
299,102
208,993
344,020
279,635
324,074
355,692
538,534
800,938
1,018,347
1,343,023
2,270,472
1,809,466
1,992,850
2,107,964
2,156,807
2,068,427
2,272,952
2,597,137
2,817,864
2,780,631
2,997,885
3,209,105
3,612,599
5,429,517
6,586,929
7,925,837
9,118,716
9,424,052
8,899,347
11,090,751
11,752,690
13,530,095
13,530,09511,752,69011,090,7518,899,3479,424,0529,118,7167,925,8376,586,9295,429,5173,612,5993,209,1052,997,8852,780,6312,817,8642,597,1372,272,9522,068,4272,156,8072,107,9641,992,8501,809,4662,270,4721,343,0231,018,347800,938538,534355,692324,074279,635344,020208,993299,102186,82781,39063,55326,96296,27732,586140,299136,513149,348258,435291,965581,734841,499696,733660,941700,123622,355642,615629,634684,885720,997729,109533,480456,562431,233295,533106,140
       Other Current Assets 
8,950
27,178
17,413
55,417
10,285
14,142
22,168
48,307
49,462
60,255
76,428
108,752
100,249
146,987
82,845
70,708
71,802
66,935
70,347
83,495
102,989
119,802
133,223
168,725
154,433
189,810
195,370
139,442
138,683
130,044
555,057
580,514
579,705
420,706
186,163
164,478
159,196
168,487
184,928
152,107
141,294
99,308
150,758
103,159
130,794
108,807
112,502
97,988
1,074,079
721,231
800,539
361,475
188,982
249,510
505,264
387,001
361,965
324,062
13,327
13,327324,062361,965387,001505,264249,510188,982361,475800,539721,2311,074,07997,988112,502108,807130,794103,159150,75899,308141,294152,107184,928168,487159,196164,478186,163420,706579,705580,514555,057130,044138,683139,442195,370189,810154,433168,725133,223119,802102,98983,49570,34766,93571,80270,70882,845146,987100,249108,75276,42860,25549,46248,30722,16814,14210,28555,41717,41327,1788,950
   > 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
4,356,157
4,213,034
4,077,203
5,817,161
5,935,969
5,937,453
6,123,289
6,038,911
6,369,509
6,767,921
7,343,103
13,520,438
14,979,605
16,751,807
17,734,433
21,816,405
22,195,327
27,605,281
29,281,093
38,715,642
38,715,64229,281,09327,605,28122,195,32721,816,40517,734,43316,751,80714,979,60513,520,4387,343,1036,767,9216,369,5096,038,9116,123,2895,937,4535,935,9695,817,1614,077,2034,213,0344,356,157000000000000000000000000000000000000000
       Property Plant Equipment 
240,167
809,804
1,046,097
1,084,299
1,175,184
1,266,930
1,395,784
1,481,213
1,524,515
1,556,589
1,613,036
1,549,497
1,615,301
1,611,814
1,627,285
1,581,198
1,942,385
2,012,318
2,109,706
2,256,353
2,418,490
2,639,423
2,684,611
2,790,365
2,884,429
3,022,524
3,031,979
3,159,335
3,201,172
3,192,728
2,546,747
2,626,696
2,564,357
2,454,882
3,644,861
3,607,209
3,714,365
3,964,600
3,774,056
4,048,576
3,973,801
3,825,619
5,547,963
5,722,081
5,736,556
5,903,489
5,728,575
6,133,733
6,500,339
7,041,174
13,102,127
14,535,041
16,134,437
17,212,876
21,393,531
21,752,881
26,565,723
28,211,637
37,162,703
37,162,70328,211,63726,565,72321,752,88121,393,53117,212,87616,134,43714,535,04113,102,1277,041,1746,500,3396,133,7335,728,5755,903,4895,736,5565,722,0815,547,9633,825,6193,973,8014,048,5763,774,0563,964,6003,714,3653,607,2093,644,8612,454,8822,564,3572,626,6962,546,7473,192,7283,201,1723,159,3353,031,9793,022,5242,884,4292,790,3652,684,6112,639,4232,418,4902,256,3532,109,7062,012,3181,942,3851,581,1981,627,2851,611,8141,615,3011,549,4971,613,0361,556,5891,524,5151,481,2131,395,7841,266,9301,175,1841,084,2991,046,097809,804240,167
       Goodwill 
224
224
224
3,349
3,573
3,573
6,024
6,024
9,523
9,523
9,523
9,299
9,523
9,523
9,523
9,299
9,523
9,523
9,523
6,848
6,848
6,848
6,848
6,848
6,848
7,072
6,848
6,848
6,848
6,848
6,848
3,349
3,349
3,349
3,349
3,349
3,349
3,349
3,349
3,349
3,349
3,349
0
3,349
0
0
0
0
0
0
0
0
0
0
0
0
0
0
358,313
358,313000000000000003,34903,3493,3493,3493,3493,3493,3493,3493,3493,3493,3493,3496,8486,8486,8486,8486,8487,0726,8486,8486,8486,8486,8486,8489,5239,5239,5239,2999,5239,5239,5239,2999,5239,5239,5236,0246,0243,5733,5733,349224224224
       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
412
412
412
412
412
412
412
412
412
412
412
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000041241241241241241241241241241241200000000000000000000000000000000
       Intangible Assets 
573
468
1,348
4,739
4,895
4,819
6,676
6,720
10,288
10,375
10,577
11,640
11,278
11,368
11,202
11,753
11,362
11,321
11,437
9,477
9,394
9,462
9,514
9,477
9,536
9,280
10,281
10,438
10,377
12,452
67,827
66,380
71,258
71,245
75,966
78,603
81,548
96,274
91,845
96,569
98,062
96,030
99,461
106,446
110,069
122,163
115,885
128,659
164,389
162,001
222,088
237,097
267,652
289,415
345,839
370,898
457,346
478,456
748,221
748,221478,456457,346370,898345,839289,415267,652237,097222,088162,001164,389128,659115,885122,163110,069106,44699,46196,03098,06296,56991,84596,27481,54878,60375,96671,24571,25866,38067,82712,45210,37710,43810,2819,2809,5369,4779,5149,4629,3949,47711,43711,32111,36211,75311,20211,36811,27811,64010,57710,37510,2886,7206,6764,8194,8954,7391,348468573
       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
4,356,157
4,213,034
4,077,203
5,817,161
5,935,969
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000005,935,9695,817,1614,077,2034,213,0344,356,157000000000000000000000000000000000000000
> Total Liabilities 
386,984
940,664
1,147,939
1,359,426
1,282,330
1,307,312
1,441,904
1,490,031
1,591,497
1,765,496
1,820,052
1,928,549
1,716,361
1,729,104
1,628,790
1,628,499
1,524,213
1,604,957
1,694,782
2,130,611
2,100,537
2,288,884
2,437,518
2,675,647
2,802,630
3,146,537
3,271,284
3,536,068
3,289,550
3,561,605
3,765,155
3,828,031
4,058,656
3,669,689
3,540,769
3,642,836
3,861,753
4,902,853
4,617,289
4,778,126
4,665,403
4,581,896
4,682,161
4,951,861
5,081,872
4,837,151
4,877,350
4,698,196
6,464,247
6,974,171
10,065,330
10,656,926
11,853,809
13,471,699
14,273,944
13,620,690
17,000,849
18,224,875
21,170,640
21,170,64018,224,87517,000,84913,620,69014,273,94413,471,69911,853,80910,656,92610,065,3306,974,1716,464,2474,698,1964,877,3504,837,1515,081,8724,951,8614,682,1614,581,8964,665,4034,778,1264,617,2894,902,8533,861,7533,642,8363,540,7693,669,6894,058,6563,828,0313,765,1553,561,6053,289,5503,536,0683,271,2843,146,5372,802,6302,675,6472,437,5182,288,8842,100,5372,130,6111,694,7821,604,9571,524,2131,628,4991,628,7901,729,1041,716,3611,928,5491,820,0521,765,4961,591,4971,490,0311,441,9041,307,3121,282,3301,359,4261,147,939940,664386,984
   > Total Current Liabilities 
170,863
431,783
520,053
552,795
513,299
562,606
634,220
704,782
728,932
821,021
923,826
927,963
919,908
927,612
867,313
727,834
624,661
618,751
624,312
688,175
717,935
789,757
915,924
1,097,805
1,092,780
1,394,900
1,369,967
1,748,219
1,347,972
1,614,788
2,092,014
2,229,070
2,726,236
2,382,128
2,143,818
2,186,444
2,404,891
3,031,312
2,827,516
2,951,158
3,016,376
3,302,426
2,944,410
3,308,876
3,247,829
3,312,512
3,297,664
3,391,855
4,241,259
4,880,186
6,271,870
6,392,185
7,278,885
7,918,216
7,979,992
7,732,034
9,662,879
11,034,428
13,766,134
13,766,13411,034,4289,662,8797,732,0347,979,9927,918,2167,278,8856,392,1856,271,8704,880,1864,241,2593,391,8553,297,6643,312,5123,247,8293,308,8762,944,4103,302,4263,016,3762,951,1582,827,5163,031,3122,404,8912,186,4442,143,8182,382,1282,726,2362,229,0702,092,0141,614,7881,347,9721,748,2191,369,9671,394,9001,092,7801,097,805915,924789,757717,935688,175624,312618,751624,661727,834867,313927,612919,908927,963923,826821,021728,932704,782634,220562,606513,299552,795520,053431,783170,863
       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
2,927,965
1,278,389
1,099,963
1,203,503
1,513,733
1,747,617
1,640,791
2,000,159
2,379,311
2,616,888
2,072,064
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000002,072,0642,616,8882,379,3112,000,1591,640,7911,747,6171,513,7331,203,5031,099,9631,278,3892,927,96500000000000000000000000000000000
       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
2,927,965
1,278,389
1,099,963
1,203,503
1,513,733
1,747,617
1,640,791
2,000,159
2,379,311
2,616,888
2,072,064
2,359,637
2,173,202
2,178,467
2,032,412
1,951,277
2,583,099
2,660,461
3,149,045
3,627,512
4,025,044
4,093,805
4,733,903
4,559,970
6,153,262
6,545,849
8,171,030
8,171,0306,545,8496,153,2624,559,9704,733,9034,093,8054,025,0443,627,5123,149,0452,660,4612,583,0991,951,2772,032,4122,178,4672,173,2022,359,6372,072,0642,616,8882,379,3112,000,1591,640,7911,747,6171,513,7331,203,5031,099,9631,278,3892,927,96500000000000000000000000000000000
       Accounts payable 
91,378
269,923
277,556
109,880
233,340
252,656
197,631
289,435
243,954
304,463
359,498
160,378
389,136
366,713
284,736
139,906
322,471
330,085
326,132
200,997
204,317
254,929
265,401
386,806
268,244
457,642
400,144
740,673
426,666
527,537
359,051
401,803
525,421
463,940
504,198
621,761
443,158
523,346
576,342
493,730
478,409
551,158
599,548
666,798
720,041
694,678
779,913
719,860
940,141
1,468,388
2,013,603
1,685,458
2,158,082
2,927,454
2,109,340
2,148,029
1,845,057
2,721,499
3,340,362
3,340,3622,721,4991,845,0572,148,0292,109,3402,927,4542,158,0821,685,4582,013,6031,468,388940,141719,860779,913694,678720,041666,798599,548551,158478,409493,730576,342523,346443,158621,761504,198463,940525,421401,803359,051527,537426,666740,673400,144457,642268,244386,806265,401254,929204,317200,997326,132330,085322,471139,906284,736366,713389,136160,378359,498304,463243,954289,435197,631252,656233,340109,880277,556269,92391,378
       Other Current Liabilities 
6,649
16,926
21,077
64,797
16,854
29,527
23,391
16,407
39,722
69,143
74,778
100,547
43,149
31,272
18,297
122,707
20,702
24,407
32,580
43,618
31,052
35,327
29,848
33,549
24,605
24,382
31,826
34,244
28,292
13,018
387,631
375,686
558,314
381,351
98,021
43,759
61,679
276,469
99,958
25,865
16,287
14,422
221,288
265,481
341,415
425,080
309,513
701,508
685,639
728,883
775,799
988,438
949,119
831,661
630,579
934,116
1,577,937
33,850
34,245
34,24533,8501,577,937934,116630,579831,661949,119988,438775,799728,883685,639701,508309,513425,080341,415265,481221,28814,42216,28725,86599,958276,46961,67943,75998,021381,351558,314375,686387,63113,01828,29234,24431,82624,38224,60533,54929,84835,32731,05243,61832,58024,40720,702122,70718,29731,27243,149100,54774,77869,14339,72216,40723,39129,52716,85464,79721,07716,9266,649
   > 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
1,826,968
1,649,027
1,279,470
1,737,751
1,642,985
1,834,043
1,524,640
1,579,687
1,306,341
2,222,988
2,093,984
3,793,460
4,264,741
4,574,924
5,553,483
6,293,952
5,888,656
7,337,970
7,190,447
7,404,507
7,404,5077,190,4477,337,9705,888,6566,293,9525,553,4834,574,9244,264,7413,793,4602,093,9842,222,9881,306,3411,579,6871,524,6401,834,0431,642,9851,737,7511,279,4701,649,0271,826,968000000000000000000000000000000000000000
       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
-2,927,965
-1,278,389
-1,099,963
-1,203,503
-1,513,733
-1,747,617
-1,640,791
-1,929,617
-2,324,882
-2,567,710
-2,022,729
56,882
60,072
58,209
79,202
78,201
78,555
74,427
77,816
81,382
104,582
95,150
89,181
115,237
167,050
195,354
191,412
191,412195,354167,050115,23789,18195,150104,58281,38277,81674,42778,55578,20179,20258,20960,07256,882-2,022,729-2,567,710-2,324,882-1,929,617-1,640,791-1,747,617-1,513,733-1,203,503-1,099,963-1,278,389-2,927,96500000000000000000000000000000000
       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
575,309
654,784
0
0
0
0
0
0
000000654,784575,309000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
181,703
398,415
558,477
643,079
839,545
934,090
918,567
931,168
813,923
740,200
796,968
846,060
944,409
995,059
1,203,249
1,133,649
1,148,129
1,135,432
1,073,762
975,103
1,018,276
1,042,756
1,023,607
926,455
964,403
864,123
792,066
810,794
844,921
782,254
492,603
386,039
365,713
371,654
1,615,111
1,701,048
1,822,670
1,937,375
1,642,352
1,854,684
1,968,552
1,977,399
3,490,445
3,618,145
3,909,523
4,316,052
4,219,185
4,624,655
4,990,161
5,333,395
9,651,818
10,938,037
12,993,934
13,987,179
17,208,080
18,342,219
21,786,486
23,373,024
31,729,112
31,729,11223,373,02421,786,48618,342,21917,208,08013,987,17912,993,93410,938,0379,651,8185,333,3954,990,1614,624,6554,219,1854,316,0523,909,5233,618,1453,490,4451,977,3991,968,5521,854,6841,642,3521,937,3751,822,6701,701,0481,615,111371,654365,713386,039492,603782,254844,921810,794792,066864,123964,403926,4551,023,6071,042,7561,018,276975,1031,073,7621,135,4321,148,1291,133,6491,203,249995,059944,409846,060796,968740,200813,923931,168918,567934,090839,545643,079558,477398,415181,703
   Retained Earnings 
76,487
118,853
241,165
93,079
162,054
257,543
243,080
255,680
137,912
64,189
120,957
172,036
268,398
319,048
340,689
273,076
283,451
270,990
209,421
113,581
159,656
180,703
162,534
66,256
107,759
9,243
0
0
0
0
0
0
-516,004
-445,543
-171,301
-92,585
-15,207
-96,055
-82,471
-96,534
7,637
-66,765
131,541
226,457
387,074
536,247
668,371
897,084
1,205,587
1,552,570
2,695,296
3,917,625
5,272,641
6,078,609
6,779,882
7,882,540
8,240,266
8,872,062
18,376,158
18,376,1588,872,0628,240,2667,882,5406,779,8826,078,6095,272,6413,917,6252,695,2961,552,5701,205,587897,084668,371536,247387,074226,457131,541-66,7657,637-96,534-82,471-96,055-15,207-92,585-171,301-445,543-516,0040000009,243107,75966,256162,534180,703159,656113,581209,421270,990283,451273,076340,689319,048268,398172,036120,95764,189137,912255,680243,080257,543162,05493,079241,165118,85376,487
   Accumulated Other Comprehensive Income 00000000000000000000000000000000000000000000000000000000000
   Capital Surplus 00000000000000000000000000000000000000000000000000000000000
   Treasury Stock00000000000000000000000000000000000000000000000000000000000



Balance Sheet

Currency in TRY. All numbers in thousands.




Cash Flow

Currency in TRY. All numbers in thousands.