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Aselsan Elektronik Sanayi ve Ticaret AS
Buy, Hold or Sell?

Let's analyse Aselsan together

PenkeI guess you are interested in Aselsan Elektronik Sanayi ve Ticaret AS. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Aselsan Elektronik Sanayi ve Ticaret 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.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Aselsan (30 sec.)










What can you expect buying and holding a share of Aselsan? (30 sec.)

How much money do you get?

How much money do you get?
₺0.00
When do you have the money?
1 year
How often do you get paid?
80.0%

What is your share worth?

Current worth
₺19.38
Expected worth in 1 year
₺30.02
How sure are you?
95.0%

+ What do you gain per year?

Total Gains per Share
₺10.64
Return On Investment
17.3%

For what price can you sell your share?

Current Price per Share
₺61.45
Expected price per share
₺51.55 - ₺67.30
How sure are you?
50%

1. Valuation of Aselsan (5 min.)




Live pricePrice per Share (EOD)

₺61.45

Intrinsic Value Per Share

₺5.68 - ₺7.03

Total Value Per Share

₺25.07 - ₺26.41

2. Growth of Aselsan (5 min.)




Is Aselsan growing?

Current yearPrevious yearGrowGrow %
How rich?$2.7b$991.8m$754.9m43.2%

How much money is Aselsan making?

Current yearPrevious yearGrowGrow %
Making money$56.6m$92.6m-$35.9m-63.4%
Net Profit Margin21.2%33.8%--

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

3. Financial Health of Aselsan (5 min.)




4. Comparing to competitors in the Aerospace & Defense industry (5 min.)




  Industry Rankings (Aerospace & Defense)  


Richest
#37 / 198

Most Revenue
#65 / 198

Most Profit
#41 / 198

What can you expect buying and holding a share of Aselsan? (5 min.)

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

What can you expect buying and holding a share of Aselsan?

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

Speculation

The Price per Share of Aselsan is ₺61.45. 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 Aselsan.
  • 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 Aselsan, 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 ₺19.38. Based on the TTM, the Book Value Change Per Share is ₺2.66 per quarter. Based on the YOY, the Book Value Change Per Share is ₺0.77 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 ₺0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Aselsan.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps-0.020.0%0.010.0%0.020.0%0.010.0%0.010.0%
Usd Book Value Change Per Share0.270.4%0.080.1%0.020.0%0.030.0%0.010.0%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.270.4%0.080.1%0.020.0%0.030.0%0.020.0%
Usd Price Per Share1.40-1.49-1.08-0.89-0.71-
Price to Earnings Ratio-20.42-9.01-14.26-18.91-54.37-
Price-to-Total Gains Ratio5.25-60.67-56.50-79.63-320.29-
Price to Book Ratio2.32-4.31-4.75-5.41-13.75-
Price-to-Total Gains Ratio5.25-60.67-56.50-79.63-320.29-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share1.911095
Number of shares523
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.080.03
Usd Total Gains Per Share0.080.03
Gains per Quarter (523 shares)43.2714.20
Gains per Year (523 shares)173.0756.81
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1017316315647
203463362112104
305195093167161
406926824223218
508658555279275
60103810286335332
70121112017391389
80138513748446446
90155815479502503
1001731172010558560

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 Share3.01.00.075.0%11.01.00.091.7%19.01.00.095.0%37.01.02.092.5%62.01.03.093.9%
Book Value Change Per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%37.03.00.092.5%57.08.01.086.4%
Dividend per Share0.00.04.00.0%6.00.06.050.0%14.00.06.070.0%32.00.08.080.0%55.00.011.083.3%
Total Gains per Share4.00.00.0100.0%12.00.00.0100.0%20.00.00.0100.0%38.02.00.095.0%61.05.00.092.4%

Fundamentals of Aselsan

About Aselsan Elektronik Sanayi ve Ticaret AS

ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi engages in the research, development, engineering, production, testing, assembly, integration, sale, after sales support, consultancy, and trading of software, equipment, systems, tools, materials, and platforms. It operates through five divisions: Communication and Information Technologies; Radar and Electronic Warfare Systems; Defense Systems Technologies; Microelectronics, Guidance & Electro-Optics; and Transportation, Security, Energy, Automation and Medical Systems. The company offers communication and information technologies, radar and electronic warfare, electro-optics, avionics, unmanned systems, air defense and missile systems, and command and control systems; transportation, security, traffic, automation, and medical systems; and land, naval, and weapon systems. It offers its products and services for army, navy, air force, and aerospace applications in Turkey and internationally. The company was founded in 1975 and is based in Ankara, Türkiye with facilities in Ankara and Istanbul, Türkiye. ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi operates as a subsidiary of Turkish Armed Forces Foundation.

Fundamental data was last updated by Penke on 2024-05-14 05:58:05.

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 inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very 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 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 fair priced.
Based on the earnings, the company is underpriced.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Aselsan Elektronik Sanayi ve Ticaret AS.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Aselsan to the Aerospace & Defense industry mean.
  • A Net Profit Margin of -6.0% means that ₤-0.06 for each ₤1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Aselsan Elektronik Sanayi ve Ticaret AS:

  • The MRQ is -6.0%. The company is making a loss. -1
  • The TTM is 21.2%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ-6.0%TTM21.2%-27.3%
TTM21.2%YOY33.8%-12.6%
TTM21.2%5Y29.1%-7.9%
5Y29.1%10Y24.4%+4.7%
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
MRQ-6.0%4.6%-10.6%
TTM21.2%4.0%+17.2%
YOY33.8%3.5%+30.3%
5Y29.1%3.1%+26.0%
10Y24.4%3.4%+21.0%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Aselsan to the Aerospace & Defense industry mean.
  • -1.7% Return on Assets means that Aselsan generated ₤-0.02 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Aselsan Elektronik Sanayi ve Ticaret AS:

  • The MRQ is -1.7%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is 2.3%. Using its assets, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ-1.7%TTM2.3%-4.0%
TTM2.3%YOY4.7%-2.4%
TTM2.3%5Y3.8%-1.5%
5Y3.8%10Y3.2%+0.6%
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.7%0.8%-2.5%
TTM2.3%0.7%+1.6%
YOY4.7%0.7%+4.0%
5Y3.8%0.5%+3.3%
10Y3.2%0.7%+2.5%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Aselsan to the Aerospace & Defense industry mean.
  • -2.9% Return on Equity means Aselsan generated ₤-0.03 for each ₤1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Aselsan Elektronik Sanayi ve Ticaret AS:

  • The MRQ is -2.9%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is 4.6%. Using its investors money, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ-2.9%TTM4.6%-7.5%
TTM4.6%YOY8.9%-4.2%
TTM4.6%5Y7.0%-2.4%
5Y7.0%10Y6.4%+0.6%
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
MRQ-2.9%1.9%-4.8%
TTM4.6%1.7%+2.9%
YOY8.9%1.6%+7.3%
5Y7.0%1.3%+5.7%
10Y6.4%1.6%+4.8%

1.2. Operating Efficiency of Aselsan Elektronik Sanayi ve Ticaret AS.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Aselsan is operating .

  • Measures how much profit Aselsan 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 Aselsan to the Aerospace & Defense 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 Aselsan Elektronik Sanayi ve Ticaret AS:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM25.6%-25.6%
TTM25.6%YOY23.4%+2.2%
TTM25.6%5Y26.2%-0.5%
5Y26.2%10Y16.6%+9.6%
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
MRQ-7.2%-7.2%
TTM25.6%3.3%+22.3%
YOY23.4%5.0%+18.4%
5Y26.2%4.3%+21.9%
10Y16.6%3.3%+13.3%
1.2.2. Operating Ratio

Measures how efficient Aselsan is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Aerospace & Defense industry mean).
  • An Operation Ratio of 1.61 means that the operating costs are ₤1.61 for each ₤1 in net sales.

Let's take a look of the Operating Ratio trends of Aselsan Elektronik Sanayi ve Ticaret AS:

  • The MRQ is 1.606. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.528. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.606TTM1.528+0.078
TTM1.528YOY1.455+0.073
TTM1.5285Y1.495+0.033
5Y1.49510Y1.276+0.218
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6061.358+0.248
TTM1.5281.189+0.339
YOY1.4551.057+0.398
5Y1.4951.139+0.356
10Y1.2761.110+0.166

1.3. Liquidity of Aselsan Elektronik Sanayi ve Ticaret AS.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Aerospace & Defense industry mean).
  • A Current Ratio of 1.45 means the company has ₤1.45 in assets for each ₤1 in short-term debts.

Let's take a look of the Current Ratio trends of Aselsan Elektronik Sanayi ve Ticaret AS:

  • The MRQ is 1.452. The company is just able to pay all its short-term debts.
  • The TTM is 1.336. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.452TTM1.336+0.117
TTM1.336YOY1.346-0.011
TTM1.3365Y1.614-0.278
5Y1.61410Y1.261+0.353
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
MRQ1.4521.420+0.032
TTM1.3361.461-0.125
YOY1.3461.496-0.150
5Y1.6141.614+0.000
10Y1.2611.558-0.297
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Aselsan to the Aerospace & Defense industry mean.
  • A Quick Ratio of 0.41 means the company can pay off ₤0.41 for each ₤1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Aselsan Elektronik Sanayi ve Ticaret AS:

  • The MRQ is 0.410. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.496. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.410TTM0.496-0.085
TTM0.496YOY0.574-0.079
TTM0.4965Y0.587-0.091
5Y0.58710Y0.672-0.085
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4100.691-0.281
TTM0.4960.745-0.249
YOY0.5740.918-0.344
5Y0.5870.901-0.314
10Y0.6720.930-0.258

1.4. Solvency of Aselsan Elektronik Sanayi ve Ticaret AS.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Aselsan to Aerospace & Defense industry mean.
  • A Debt to Asset Ratio of 0.41 means that Aselsan assets are financed with 41.3% credit (debt) and the remaining percentage (100% - 41.3%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Aselsan Elektronik Sanayi ve Ticaret AS:

  • The MRQ is 0.413. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.466. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.413TTM0.466-0.053
TTM0.466YOY0.461+0.005
TTM0.4665Y0.454+0.012
5Y0.45410Y0.502-0.047
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
MRQ0.4130.612-0.199
TTM0.4660.608-0.142
YOY0.4610.596-0.135
5Y0.4540.614-0.160
10Y0.5020.629-0.127
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Aselsan to the Aerospace & Defense industry mean.
  • A Debt to Equity ratio of 71.2% means that company has ₤0.71 debt for each ₤1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Aselsan Elektronik Sanayi ve Ticaret AS:

  • The MRQ is 0.712. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.887. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.712TTM0.887-0.175
TTM0.887YOY0.862+0.025
TTM0.8875Y0.842+0.045
5Y0.84210Y1.038-0.196
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7121.486-0.774
TTM0.8871.430-0.543
YOY0.8621.350-0.488
5Y0.8421.506-0.664
10Y1.0381.638-0.600

2. Market Valuation of Aselsan Elektronik Sanayi ve Ticaret 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 Aselsan generates.

  • Above 15 is considered overpriced but always compare Aselsan to the Aerospace & Defense industry mean.
  • A PE ratio of -20.42 means the investor is paying ₤-20.42 for every ₤1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Aselsan Elektronik Sanayi ve Ticaret AS:

  • The EOD is -27.902. Based on the earnings, the company is expensive. -2
  • The MRQ is -20.424. Based on the earnings, the company is expensive. -2
  • The TTM is 9.007. Based on the earnings, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD-27.902MRQ-20.424-7.478
MRQ-20.424TTM9.007-29.430
TTM9.007YOY14.263-5.256
TTM9.0075Y18.908-9.901
5Y18.90810Y54.366-35.458
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
EOD-27.90218.592-46.494
MRQ-20.42415.259-35.683
TTM9.00713.844-4.837
YOY14.26316.842-2.579
5Y18.90815.345+3.563
10Y54.36619.006+35.360
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Aselsan Elektronik Sanayi ve Ticaret AS:

  • The EOD is 29.616. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 21.678. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The TTM is -40.441. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD29.616MRQ21.678+7.938
MRQ21.678TTM-40.441+62.119
TTM-40.441YOY-69.521+29.080
TTM-40.4415Y-17.671-22.770
5Y-17.67110Y-8.835-8.835
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
EOD29.6160.620+28.996
MRQ21.6780.646+21.032
TTM-40.4410.542-40.983
YOY-69.5210.042-69.563
5Y-17.671-0.143-17.528
10Y-8.8350.341-9.176
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Aerospace & Defense industry mean).
  • A PB ratio of 2.32 means the investor is paying ₤2.32 for each ₤1 in book value.

Let's take a look of the Price to Book Ratio trends of Aselsan Elektronik Sanayi ve Ticaret AS:

  • The EOD is 3.171. Based on the equity, the company is fair priced.
  • The MRQ is 2.321. Based on the equity, the company is underpriced. +1
  • The TTM is 4.313. Based on the equity, the company is fair priced.
Trends
Current periodCompared to+/- 
EOD3.171MRQ2.321+0.850
MRQ2.321TTM4.313-1.992
TTM4.313YOY4.747-0.434
TTM4.3135Y5.411-1.098
5Y5.41110Y13.750-8.340
Compared to industry (Aerospace & Defense)
PeriodCompanyIndustry (mean)+/- 
EOD3.1712.522+0.649
MRQ2.3212.315+0.006
TTM4.3132.436+1.877
YOY4.7472.168+2.579
5Y5.4112.594+2.817
10Y13.7502.866+10.884
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Aselsan Elektronik Sanayi ve Ticaret 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--8.5682.660+222%0.769+1014%0.857+899%0.476+1701%
Book Value Per Share--19.38212.318+57%6.994+177%6.034+221%3.458+460%
Current Ratio--1.4521.336+9%1.346+8%1.614-10%1.261+15%
Debt To Asset Ratio--0.4130.466-11%0.461-10%0.454-9%0.502-18%
Debt To Equity Ratio--0.7120.887-20%0.862-17%0.842-15%1.038-31%
Dividend Per Share----0%0.017-100%0.016-100%0.011-100%
Eps---0.5510.400-238%0.653-184%0.374-247%0.216-355%
Free Cash Flow Per Share--0.519-0.223+143%-0.023+104%-0.080+115%-0.080+115%
Free Cash Flow To Equity Per Share--0.519-0.154+130%0.162+220%-0.017+103%-0.017+103%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%0.950+5%
Intrinsic Value_10Y_max--7.025--------
Intrinsic Value_10Y_min--5.684--------
Intrinsic Value_1Y_max---0.242--------
Intrinsic Value_1Y_min---0.238--------
Intrinsic Value_3Y_max---0.005--------
Intrinsic Value_3Y_min---0.020--------
Intrinsic Value_5Y_max--1.100--------
Intrinsic Value_5Y_min--0.959--------
Market Cap280212000000.000+27%205108800000.000219085200000.000-6%157833000000.000+30%130030680000.000+58%104747760000.000+96%
Net Profit Margin---0.0600.212-129%0.338-118%0.291-121%0.244-125%
Operating Margin---0.256-100%0.234-100%0.262-100%0.166-100%
Operating Ratio--1.6061.528+5%1.455+10%1.495+7%1.276+26%
Pb Ratio3.171+27%2.3214.313-46%4.747-51%5.411-57%13.750-83%
Pe Ratio-27.902-37%-20.4249.007-327%14.263-243%18.908-208%54.366-138%
Price Per Share61.450+27%44.98048.045-6%34.613+30%28.516+58%22.971+96%
Price To Free Cash Flow Ratio29.616+27%21.678-40.441+287%-69.521+421%-17.671+182%-8.835+141%
Price To Total Gains Ratio7.172+27%5.25060.674-91%56.501-91%79.629-93%320.290-98%
Quick Ratio--0.4100.496-17%0.574-29%0.587-30%0.672-39%
Return On Assets---0.0170.023-172%0.047-135%0.038-144%0.032-152%
Return On Equity---0.0290.046-162%0.089-132%0.070-141%0.064-145%
Total Gains Per Share--8.5682.660+222%0.786+990%0.873+881%0.487+1660%
Usd Book Value--2748629755.8001746827334.650+57%991892172.900+177%855689795.985+221%490410181.488+460%
Usd Book Value Change Per Share--0.2660.083+222%0.024+1014%0.027+899%0.015+1701%
Usd Book Value Per Share--0.6030.383+57%0.218+177%0.188+221%0.108+460%
Usd Dividend Per Share----0%0.001-100%0.000-100%0.000-100%
Usd Eps---0.0170.012-238%0.020-184%0.012-247%0.007-355%
Usd Free Cash Flow--73564282.100-31665265.825+143%-3191062.150+104%-9100027.940+112%-4550013.970+106%
Usd Free Cash Flow Per Share--0.016-0.007+143%-0.001+104%-0.002+115%-0.002+115%
Usd Free Cash Flow To Equity Per Share--0.016-0.005+130%0.005+220%-0.001+103%-0.001+103%
Usd Market Cap8714593200.000+27%6378883680.0006813549720.000-6%4908606300.000+30%4043954148.000+58%3257655336.000+96%
Usd Price Per Share1.911+27%1.3991.494-6%1.076+30%0.887+58%0.714+96%
Usd Profit---78082521.20056683443.125-238%92644264.275-184%53066323.415-247%30585941.180-355%
Usd Revenue--1291459564.100572183817.850+126%274315038.675+371%245892787.550+425%141183802.077+815%
Usd Total Gains Per Share--0.2660.083+222%0.024+990%0.027+881%0.015+1660%
 EOD+5 -3MRQTTM+19 -14YOY+21 -145Y+20 -1510Y+22 -14

3.2. Fundamental Score

Let's check the fundamental score of Aselsan Elektronik Sanayi ve Ticaret AS based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-27.902
Price to Book Ratio (EOD)Between0-13.171
Net Profit Margin (MRQ)Greater than0-0.060
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.410
Current Ratio (MRQ)Greater than11.452
Debt to Asset Ratio (MRQ)Less than10.413
Debt to Equity Ratio (MRQ)Less than10.712
Return on Equity (MRQ)Greater than0.15-0.029
Return on Assets (MRQ)Greater than0.05-0.017
Total3/10 (30.0%)

3.3. Technical Score

Let's check the technical score of Aselsan Elektronik Sanayi ve Ticaret AS based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5055.621
Ma 20Greater thanMa 5060.768
Ma 50Greater thanMa 10058.080
Ma 100Greater thanMa 20054.814
OpenGreater thanClose61.000
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
Income before Tax  4,564,835-2,390,4242,174,4111,813,1023,987,513107,9844,095,497-7,143,287-3,047,790
Net Income  6,123,695-3,856,2302,267,465878,5533,146,0181,241,6664,387,684-6,898,376-2,510,692
Selling General Administrative  396,305175,266571,571129,101700,672310,6691,011,341-1,628,367-617,026
Net Income from Continuing Operations  6,132,875-3,878,5772,254,298897,5093,151,8071,292,4154,444,222-6,920,284-2,476,062



Latest Balance Sheet

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

Summary
Total Assets150,577,885
Total Liabilities62,197,507
Total Stockholder Equity87,311,033
 As reported
Total Liabilities 62,197,507
Total Stockholder Equity+ 87,311,033
Total Assets = 150,577,885

Assets

Total Assets150,577,885
Total Current Assets72,883,922
Long-term Assets77,693,963
Total Current Assets
Cash And Cash Equivalents 6,610,029
Net Receivables 20,593,129
Inventory 32,176,371
Other Current Assets 115,690
Total Current Assets  (as reported)72,883,922
Total Current Assets  (calculated)59,495,219
+/- 13,388,703
Long-term Assets
Property Plant Equipment 24,004,272
Intangible Assets 12,147,761
Long-term Assets Other 24,570
Long-term Assets  (as reported)77,693,963
Long-term Assets  (calculated)36,176,603
+/- 41,517,360

Liabilities & Shareholders' Equity

Total Current Liabilities50,178,593
Long-term Liabilities12,018,914
Total Stockholder Equity87,311,033
Total Current Liabilities
Short Long Term Debt 18,808,312
Accounts payable 14,864,081
Other Current Liabilities 4,013
Total Current Liabilities  (as reported)50,178,593
Total Current Liabilities  (calculated)33,676,406
+/- 16,502,187
Long-term Liabilities
Long term Debt 1,129,602
Capital Lease Obligations Min Short Term Debt35,322
Long-term Liabilities Other 4,877
Long-term Liabilities  (as reported)12,018,914
Long-term Liabilities  (calculated)1,169,801
+/- 10,849,113
Total Stockholder Equity
Retained Earnings 47,104,308
Total Stockholder Equity (as reported)87,311,033
Total Stockholder Equity (calculated)47,104,308
+/- 40,206,725
Other
Capital Stock4,560,000
Common Stock Shares Outstanding 4,560,000
Net Debt 13,327,885
Net Invested Capital 107,248,947
Net Working Capital 22,705,329
Property Plant and Equipment Gross 40,593,405



Balance Sheet

Currency in TRY. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-03-312006-12-31
> Total Assets 
1,357,325
0
1,393,331
1,430,090
1,547,220
1,657,176
1,712,604
1,754,989
1,899,852
2,097,770
2,484,443
2,671,114
2,668,038
2,385,818
2,755,919
2,657,696
2,624,817
2,842,873
2,392,044
2,716,585
2,887,503
2,821,045
3,324,215
3,157,059
3,403,487
3,658,322
4,007,975
4,186,160
4,220,808
4,219,078
4,985,434
5,102,466
5,311,392
5,718,040
6,245,102
6,124,593
6,586,131
7,275,451
8,604,951
8,559,927
8,956,560
9,472,812
10,918,217
12,197,052
16,109,507
17,811,022
19,473,631
20,215,124
21,127,496
22,390,128
25,633,043
26,243,556
27,010,181
28,898,609
34,094,229
34,350,779
35,704,364
35,389,774
46,413,298
49,301,631
53,629,118
58,462,747
76,043,841
77,300,847
88,458,389
99,351,769
150,577,885
150,577,88599,351,76988,458,38977,300,84776,043,84158,462,74753,629,11849,301,63146,413,29835,389,77435,704,36434,350,77934,094,22928,898,60927,010,18126,243,55625,633,04322,390,12821,127,49620,215,12419,473,63117,811,02216,109,50712,197,05210,918,2179,472,8128,956,5608,559,9278,604,9517,275,4516,586,1316,124,5936,245,1025,718,0405,311,3925,102,4664,985,4344,219,0784,220,8084,186,1604,007,9753,658,3223,403,4873,157,0593,324,2152,821,0452,887,5032,716,5852,392,0442,842,8732,624,8172,657,6962,755,9192,385,8182,668,0382,671,1142,484,4432,097,7701,899,8521,754,9891,712,6041,657,1761,547,2201,430,0901,393,33101,357,325
   > 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
4,972,843
4,584,696
4,697,523
5,798,135
6,473,949
9,904,918
11,003,960
11,616,680
11,671,753
11,546,468
12,089,187
13,976,498
14,073,934
14,953,855
15,701,641
19,594,261
19,290,779
19,278,259
17,539,669
23,175,142
24,419,403
27,660,696
30,051,243
38,299,445
38,571,526
43,290,298
50,239,060
72,883,922
72,883,92250,239,06043,290,29838,571,52638,299,44530,051,24327,660,69624,419,40323,175,14217,539,66919,278,25919,290,77919,594,26115,701,64114,953,85514,073,93413,976,49812,089,18711,546,46811,671,75311,616,68011,003,9609,904,9186,473,9495,798,1354,697,5234,584,6964,972,843000000000000000000000000000000000000000
       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
876,144
681,737
332,173
1,262,904
480,402
3,446,981
3,082,520
3,115,691
2,555,032
1,612,347
1,764,066
3,513,842
1,823,976
1,648,572
1,941,336
4,081,654
3,148,661
2,510,004
1,310,898
2,492,096
2,154,327
2,222,948
1,351,755
5,686,996
3,649,397
1,279,194
1,727,103
6,610,029
6,610,0291,727,1031,279,1943,649,3975,686,9961,351,7552,222,9482,154,3272,492,0961,310,8982,510,0043,148,6614,081,6541,941,3361,648,5721,823,9763,513,8421,764,0661,612,3472,555,0323,115,6913,082,5203,446,981480,4021,262,904332,173681,737876,144000000000000000000000000000000000000000
       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
10,015
0
0
2,630
0
0
17,914
7,730
2,952
2,179
0
0
0
0
0
0
0
0
0
0000000002,1792,9527,73017,914002,6300010,015000000000000000000000000000000000000000000000000
       Net Receivables 
120,228
0
157,751
139,431
159,260
125,272
198,043
145,804
143,838
144,068
573,337
583,942
645,717
638,615
739,814
635,870
764,021
807,051
294,732
287,774
421,117
385,243
566,820
528,539
727,871
714,069
837,411
804,013
905,023
835,690
985,204
765,401
1,051,705
897,698
1,115,960
1,181,964
1,250,205
1,290,141
2,123,237
1,941,283
1,568,714
1,649,372
1,713,148
2,287,904
2,266,294
2,976,441
3,274,839
2,965,700
3,171,115
3,215,787
4,263,584
5,291,877
5,885,767
5,779,463
7,816,946
7,777,950
7,525,772
6,484,464
10,516,842
10,641,636
11,647,794
13,052,610
15,901,442
14,984,827
18,440,574
20,134,641
20,593,129
20,593,12920,134,64118,440,57414,984,82715,901,44213,052,61011,647,79410,641,63610,516,8426,484,4647,525,7727,777,9507,816,9465,779,4635,885,7675,291,8774,263,5843,215,7873,171,1152,965,7003,274,8392,976,4412,266,2942,287,9041,713,1481,649,3721,568,7141,941,2832,123,2371,290,1411,250,2051,181,9641,115,960897,6981,051,705765,401985,204835,690905,023804,013837,411714,069727,871528,539566,820385,243421,117287,774294,732807,051764,021635,870739,814638,615645,717583,942573,337144,068143,838145,804198,043125,272159,260139,431157,7510120,228
       Other Current Assets 
22,091
0
101,023
164,059
163,362
168,976
97,520
220,622
216,355
211,758
135,004
260,044
237,083
246,053
169,866
349,866
389,280
341,534
359,290
416,367
423,102
467,912
420,343
457,252
524,903
533,106
443,815
495,335
492,982
446,992
378,939
446,557
383,650
441,785
347,503
473,956
616,433
539,636
527,055
838,333
904,789
1,011,791
820,144
1,199,130
1,220,695
1,400,028
1,531,501
405,952
384,631
323,845
404,879
471,892
382,639
434,207
479,596
681,332
799,162
595,334
501,334
683,238
927,734
943,887
968,905
1,580,329
1,111,302
2,165,349
115,690
115,6902,165,3491,111,3021,580,329968,905943,887927,734683,238501,334595,334799,162681,332479,596434,207382,639471,892404,879323,845384,631405,9521,531,5011,400,0281,220,6951,199,130820,1441,011,791904,789838,333527,055539,636616,433473,956347,503441,785383,650446,557378,939446,992492,982495,335443,815533,106524,903457,252420,343467,912423,102416,367359,290341,534389,280349,866169,866246,053237,083260,044135,004211,758216,355220,62297,520168,976163,362164,059101,023022,091
   > 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
8,543,371
9,581,028
10,300,941
11,656,545
12,169,622
12,056,326
13,196,968
14,499,968
15,060,000
16,426,105
17,850,105
23,238,156
24,882,228
25,968,422
28,411,504
37,744,396
38,729,321
45,168,091
49,112,709
77,693,963
77,693,96349,112,70945,168,09138,729,32137,744,39628,411,50425,968,42224,882,22823,238,15617,850,10516,426,10515,060,00014,499,96813,196,96812,056,32612,169,62211,656,54510,300,9419,581,0288,543,37100000000000000000000000000000000000000000000000
       Property Plant Equipment 
193,013
0
206,389
208,586
209,608
210,238
222,453
227,281
224,116
225,898
230,634
228,441
237,510
246,573
271,864
281,686
304,842
314,441
350,345
353,324
364,859
384,448
412,093
444,318
477,506
515,168
741,988
779,873
794,983
811,546
853,969
909,367
914,139
910,868
924,842
924,549
920,732
922,602
967,522
980,264
987,752
1,017,255
1,090,843
1,112,198
1,139,405
1,242,264
1,336,297
1,418,672
1,433,183
1,466,074
1,573,931
1,688,883
1,771,340
1,860,568
2,342,223
2,505,729
2,674,455
2,906,639
3,432,149
3,711,169
4,208,114
4,720,173
6,452,086
6,880,939
7,550,245
8,401,974
24,004,272
24,004,2728,401,9747,550,2456,880,9396,452,0864,720,1734,208,1143,711,1693,432,1492,906,6392,674,4552,505,7292,342,2231,860,5681,771,3401,688,8831,573,9311,466,0741,433,1831,418,6721,336,2971,242,2641,139,4051,112,1981,090,8431,017,255987,752980,264967,522922,602920,732924,549924,842910,868914,139909,367853,969811,546794,983779,873741,988515,168477,506444,318412,093384,448364,859353,324350,345314,441304,842281,686271,864246,573237,510228,441230,634225,898224,116227,281222,453210,238209,608208,586206,3890193,013
       Goodwill 
0
0
57
57
57
57
57
57
57
57
57
57
57
57
57
57
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000000000000000000000000000000000000000575757575757575757575757575700
       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
595,150
590,608
588,240
652,238
654,327
658,496
673,835
872,251
873,468
888,800
903,147
1,110,233
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000001,110,233903,147888,800873,468872,251673,835658,496654,327652,238588,240590,608595,150000000000000000000000000000000000000000
       Intangible Assets 
10,202
0
7,514
6,064
5,484
4,343
4,458
3,923
3,209
3,455
4,678
4,390
5,194
5,865
7,102
6,388
105,890
118,093
9,005
196,688
221,155
258,537
11,289
312,242
330,575
355,634
13,489
381,459
397,269
404,169
17,001
477,551
527,047
552,130
27,460
561,954
579,300
619,801
40,861
750,740
797,686
843,882
61,956
955,644
942,015
969,087
65,948
1,150,568
1,179,192
1,228,844
1,276,578
1,382,447
1,438,930
1,518,497
1,555,318
1,717,468
1,894,773
2,031,788
2,267,610
2,583,816
2,866,673
3,369,648
3,531,910
4,196,113
4,889,599
6,175,760
12,147,761
12,147,7616,175,7604,889,5994,196,1133,531,9103,369,6482,866,6732,583,8162,267,6102,031,7881,894,7731,717,4681,555,3181,518,4971,438,9301,382,4471,276,5781,228,8441,179,1921,150,56865,948969,087942,015955,64461,956843,882797,686750,74040,861619,801579,300561,95427,460552,130527,047477,55117,001404,169397,269381,45913,489355,634330,575312,24211,289258,537221,155196,6889,005118,093105,8906,3887,1025,8655,1944,3904,6783,4553,2093,9234,4584,3435,4846,0647,514010,202
       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
508,644
640,787
733,380
9,722
729,491
882,742
940,861
4,325
1,031,284
-360,012
1,388,406
17,724
1,444,519
1,613,874
1,703,542
19,619
1,198,500
2,174,577
1,215,279
24,570
24,5701,215,2792,174,5771,198,50019,6191,703,5421,613,8741,444,51917,7241,388,406-360,0121,031,2844,325940,861882,742729,4919,722733,380640,787508,64400000000000000000000000000000000000000000000000
> Total Liabilities 
932,291
0
888,918
973,793
1,027,674
1,121,818
1,228,126
1,277,214
1,361,086
1,454,958
1,824,578
2,144,137
1,958,220
1,606,001
1,911,882
1,804,420
1,736,799
1,885,518
1,373,228
1,656,157
1,729,155
1,607,168
2,058,119
1,897,024
2,109,740
2,333,629
2,395,490
2,540,835
2,434,273
2,385,705
2,766,540
2,951,494
3,066,857
3,581,709
3,404,366
3,216,287
3,549,028
4,084,539
4,913,484
4,619,599
4,777,676
5,029,602
5,870,009
7,157,049
7,533,991
8,428,861
9,296,610
9,404,706
9,774,822
10,400,308
12,064,144
11,749,067
11,928,947
12,607,017
15,996,126
15,012,935
15,417,483
14,500,993
20,578,088
21,760,508
24,525,309
27,394,092
36,182,872
35,163,713
43,614,047
50,041,297
62,197,507
62,197,50750,041,29743,614,04735,163,71336,182,87227,394,09224,525,30921,760,50820,578,08814,500,99315,417,48315,012,93515,996,12612,607,01711,928,94711,749,06712,064,14410,400,3089,774,8229,404,7069,296,6108,428,8617,533,9917,157,0495,870,0095,029,6024,777,6764,619,5994,913,4844,084,5393,549,0283,216,2873,404,3663,581,7093,066,8572,951,4942,766,5402,385,7052,434,2732,540,8352,395,4902,333,6292,109,7401,897,0242,058,1191,607,1681,729,1551,656,1571,373,2281,885,5181,736,7991,804,4201,911,8821,606,0011,958,2202,144,1371,824,5781,454,9581,361,0861,277,2141,228,1261,121,8181,027,674973,793888,9180932,291
   > Total Current Liabilities 
411,187
0
372,102
454,368
446,197
538,979
474,418
504,023
551,450
532,593
793,420
1,100,812
894,027
526,618
604,445
575,780
622,803
568,742
426,813
517,654
555,256
522,415
776,838
696,718
870,951
919,738
936,245
1,053,132
997,601
951,754
1,201,246
1,341,394
1,283,843
1,323,998
1,568,973
1,462,073
1,578,932
1,525,178
2,242,768
1,836,135
2,443,448
2,887,026
2,671,635
3,910,871
3,395,041
4,042,915
4,684,478
4,311,683
5,435,650
6,563,602
7,743,870
8,199,481
8,409,372
8,178,282
12,319,765
11,348,653
12,352,774
12,281,444
16,749,927
18,027,942
19,761,791
22,426,512
29,651,397
27,094,716
35,682,436
40,072,767
50,178,593
50,178,59340,072,76735,682,43627,094,71629,651,39722,426,51219,761,79118,027,94216,749,92712,281,44412,352,77411,348,65312,319,7658,178,2828,409,3728,199,4817,743,8706,563,6025,435,6504,311,6834,684,4784,042,9153,395,0413,910,8712,671,6352,887,0262,443,4481,836,1352,242,7681,525,1781,578,9321,462,0731,568,9731,323,9981,283,8431,341,3941,201,246951,754997,6011,053,132936,245919,738870,951696,718776,838522,415555,256517,654426,813568,742622,803575,780604,445526,618894,0271,100,812793,420532,593551,450504,023474,418538,979446,197454,368372,1020411,187
       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
411,663
414,552
63,690
67,624
50,933
57,793
76,924
67,277
1,057,195
1,456,286
1,947,492
2,223,519
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000002,223,5191,947,4921,456,2861,057,19567,27776,92457,79350,93367,62463,690414,552411,663000000000000000000000000000000000000000
       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
411,663
414,552
63,690
67,624
50,933
57,793
76,924
67,277
1,057,195
1,456,286
1,947,492
2,223,519
1,766,772
2,058,655
2,024,296
3,007,025
3,393,770
4,328,711
4,228,162
5,376,713
7,061,939
7,104,280
8,034,539
9,763,938
8,254,498
12,870,256
14,603,972
18,808,312
18,808,31214,603,97212,870,2568,254,4989,763,9388,034,5397,104,2807,061,9395,376,7134,228,1624,328,7113,393,7703,007,0252,024,2962,058,6551,766,7722,223,5191,947,4921,456,2861,057,19567,27776,92457,79350,93367,62463,690414,552411,663000000000000000000000000000000000000000
       Accounts payable 
31,790
0
31,063
37,458
46,110
33,800
66,910
43,254
62,820
63,101
75,834
57,622
80,169
78,854
90,504
85,710
93,348
86,911
143,221
100,219
159,944
179,321
179,441
154,331
211,916
219,189
301,862
287,457
350,001
454,772
523,710
481,079
411,051
432,255
518,877
459,684
495,401
545,702
830,618
778,412
794,297
969,189
1,295,790
1,202,657
1,342,274
1,412,064
1,948,885
1,781,380
2,186,262
2,402,510
2,584,223
3,044,357
2,298,944
2,802,880
4,251,469
3,231,629
3,103,250
3,180,142
6,039,472
5,009,240
5,166,293
5,555,102
9,775,271
7,994,551
10,119,080
11,823,883
14,864,081
14,864,08111,823,88310,119,0807,994,5519,775,2715,555,1025,166,2935,009,2406,039,4723,180,1423,103,2503,231,6294,251,4692,802,8802,298,9443,044,3572,584,2232,402,5102,186,2621,781,3801,948,8851,412,0641,342,2741,202,6571,295,790969,189794,297778,412830,618545,702495,401459,684518,877432,255411,051481,079523,710454,772350,001287,457301,862219,189211,916154,331179,441179,321159,944100,219143,22186,91193,34885,71090,50478,85480,16957,62275,83463,10162,82043,25466,91033,80046,11037,45831,063031,790
       Other Current Liabilities 
375,519
0
333,848
399,814
376,118
375,644
377,327
416,102
444,123
426,780
347,566
649,085
424,208
440,036
409,901
482,901
523,915
472,468
268,503
363,912
317,053
271,976
385,951
425,989
472,228
509,035
454,323
498,831
399,978
416,492
393,654
487,446
495,462
467,289
602,852
637,394
743,070
640,950
1,040,242
737,248
1,315,752
1,541,075
903,909
2,250,365
1,453,216
1,691,411
1,883,245
69,262
55,202
7,316
2,705,115
3,168,620
3,788,820
3,079,038
4,720,917
4,405,176
4,421,257
4,593,725
4,938,852
5,312,500
6,704,712
7,893,704
8,213,989
9,239,763
11,367,441
98,004
4,013
4,01398,00411,367,4419,239,7638,213,9897,893,7046,704,7125,312,5004,938,8524,593,7254,421,2574,405,1764,720,9173,079,0383,788,8203,168,6202,705,1157,31655,20269,2621,883,2451,691,4111,453,2162,250,365903,9091,541,0751,315,752737,2481,040,242640,950743,070637,394602,852467,289495,462487,446393,654416,492399,978498,831454,323509,035472,228425,989385,951271,976317,053363,912268,503472,468523,915482,901409,901440,036424,208649,085347,566426,780444,123416,102377,327375,644376,118399,814333,8480375,519
   > 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
5,093,023
4,339,172
3,836,706
4,320,274
3,549,586
3,519,575
4,428,735
3,676,361
3,664,282
3,064,709
2,219,549
3,828,161
3,732,566
4,763,518
4,967,580
6,531,475
8,068,997
7,931,611
9,968,530
12,018,914
12,018,9149,968,5307,931,6118,068,9976,531,4754,967,5804,763,5183,732,5663,828,1612,219,5493,064,7093,664,2823,676,3614,428,7353,519,5753,549,5864,320,2743,836,7064,339,1725,093,02300000000000000000000000000000000000000000000000
       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
-411,663
-414,552
-63,690
-67,624
-50,933
-57,793
-76,924
-67,277
-1,057,195
-1,456,286
-1,947,492
-2,218,549
0
0
0
2,860
0
0
0
10,330
0
0
0
7,563
0
0
0
35,322
35,3220007,56300010,3300002,860000-2,218,549-1,947,492-1,456,286-1,057,195-67,277-76,924-57,793-50,933-67,624-63,690-414,552-411,663000000000000000000000000000000000000000
       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
925
4,728
73
394
14,846
7,300
7,302
0
6,432
-428,689
4,638
14,333
4,412
4,538
19,657
4,866
6,589
6,657
6,345
4,877
4,8776,3456,6576,5894,86619,6574,5384,41214,3334,638-428,6896,43207,3027,30014,846394734,72892500000000000000000000000000000000000000000000000
       Deferred Long Term Liability 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
807,041
0
0
0
1,016,119
0
0
0
1,192,759
0
0
0
1,444,695
0
0
0
2,133,558
0
0
0
3,365,812
0
0
0
0
00003,365,8120002,133,5580001,444,6950001,192,7590001,016,119000807,041000000000000000000000000000000000000000000
> Total Stockholder Equity
422,119
425,034
500,240
453,317
516,608
532,704
484,496
477,987
539,464
643,518
661,355
527,763
710,315
780,181
844,145
853,347
887,994
957,438
1,018,806
1,060,233
1,158,016
1,213,324
1,265,551
1,259,542
1,293,181
1,323,762
1,611,968
1,644,653
1,785,556
1,832,578
2,218,894
2,150,972
2,244,535
2,136,330
2,840,283
2,907,987
3,036,704
3,190,582
3,691,004
3,939,871
4,178,373
4,442,683
5,047,666
5,039,480
8,574,965
9,381,588
10,132,601
10,763,445
11,303,693
11,939,286
13,498,388
14,419,001
14,999,479
16,143,236
17,881,761
19,126,526
20,040,674
20,619,121
25,563,442
27,288,004
28,871,065
30,853,848
39,636,982
41,926,314
44,627,733
49,024,724
87,311,033
87,311,03349,024,72444,627,73341,926,31439,636,98230,853,84828,871,06527,288,00425,563,44220,619,12120,040,67419,126,52617,881,76116,143,23614,999,47914,419,00113,498,38811,939,28611,303,69310,763,44510,132,6019,381,5888,574,9655,039,4805,047,6664,442,6834,178,3733,939,8713,691,0043,190,5823,036,7042,907,9872,840,2832,136,3302,244,5352,150,9722,218,8941,832,5781,785,5561,644,6531,611,9681,323,7621,293,1811,259,5421,265,5511,213,3241,158,0161,060,2331,018,806957,438887,994853,347844,145780,181710,315527,763661,355643,518539,464477,987484,496532,704516,608453,317500,240425,034422,119
   Common Stock
29,403
0
29,403
29,403
117,612
117,612
117,612
117,612
117,612
117,612
117,612
117,612
235,224
235,224
235,224
235,224
235,224
235,224
235,224
235,224
500,000
500,000
500,000
500,000
500,000
500,000
500,000
500,000
500,000
500,000
500,000
500,000
500,000
500,000
500,000
500,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,000,000
1,140,000
1,140,000
1,140,000
1,140,000
1,140,000
1,140,000
1,140,000
1,140,000
2,280,000
2,280,000
2,280,000
2,280,000
2,280,000
2,280,000
2,280,000
2,280,000
2,280,000
2,280,000
2,280,000
2,280,000
2,280,000
0
0
002,280,0002,280,0002,280,0002,280,0002,280,0002,280,0002,280,0002,280,0002,280,0002,280,0002,280,0002,280,0002,280,0001,140,0001,140,0001,140,0001,140,0001,140,0001,140,0001,140,0001,140,0001,000,0001,000,0001,000,0001,000,0001,000,0001,000,0001,000,0001,000,000500,000500,000500,000500,000500,000500,000500,000500,000500,000500,000500,000500,000500,000500,000500,000500,000235,224235,224235,224235,224235,224235,224235,224235,224117,612117,612117,612117,612117,612117,612117,612117,61229,40329,403029,403
   Retained Earnings 
193,925
0
273,083
226,160
266,223
282,319
234,111
226,712
288,190
392,244
410,080
276,478
341,417
411,284
475,248
484,450
519,097
588,540
650,808
692,236
559,395
614,703
666,931
660,921
701,603
729,430
839,680
872,366
1,013,236
1,060,258
1,164,478
1,055,291
1,148,853
1,040,649
1,632,108
1,699,012
1,327,822
1,481,066
1,886,998
2,132,383
2,376,073
2,639,596
3,199,268
3,185,944
3,776,380
4,570,086
5,152,780
5,608,407
6,034,901
6,676,958
8,319,227
9,239,364
8,685,854
9,832,665
11,293,333
12,527,184
13,431,812
14,034,307
18,023,896
19,719,486
21,399,503
23,355,862
29,479,557
31,747,022
34,493,040
35,958,059
47,104,308
47,104,30835,958,05934,493,04031,747,02229,479,55723,355,86221,399,50319,719,48618,023,89614,034,30713,431,81212,527,18411,293,3339,832,6658,685,8549,239,3648,319,2276,676,9586,034,9015,608,4075,152,7804,570,0863,776,3803,185,9443,199,2682,639,5962,376,0732,132,3831,886,9981,481,0661,327,8221,699,0121,632,1081,040,6491,148,8531,055,2911,164,4781,060,2581,013,236872,366839,680729,430701,603660,921666,931614,703559,395692,236650,808588,540519,097484,450475,248411,284341,417276,478410,080392,244288,190226,712234,111282,319266,223226,160273,0830193,925
   Capital Surplus 0000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock0000000000000000000000000000000000000000000000000000000000000000000
   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
807,488
802,300
803,087
848,398
853,536
856,843
874,779
1,043,098
1,044,646
1,055,242
1,048,778
1,242,438
1,242,914
1,236,902
1,233,848
1,511,705
1,522,619
1,532,139
1,508,091
2,462,823
2,491,795
2,394,839
2,421,263
5,080,702
5,102,569
5,057,970
0
0
005,057,9705,102,5695,080,7022,421,2632,394,8392,491,7952,462,8231,508,0911,532,1391,522,6191,511,7051,233,8481,236,9021,242,9141,242,4381,048,7781,055,2421,044,6461,043,098874,779856,843853,536848,398803,087802,300807,488000000000000000000000000000000000000000



Balance Sheet

Currency in TRY. All numbers in thousands.




Cash Flow

Currency in TRY. All numbers in thousands.