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

Let's analyse Karel together

PenkeI guess you are interested in Karel 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 Karel 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 Karel (30 sec.)










What can you expect buying and holding a share of Karel? (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?
0.0%

What is your share worth?

Current worth
₺3.14
Expected worth in 1 year
₺5.21
How sure are you?
82.5%

+ What do you gain per year?

Total Gains per Share
₺2.06
Return On Investment
12.5%

For what price can you sell your share?

Current Price per Share
₺16.46
Expected price per share
₺13.09 - ₺18.43
How sure are you?
50%

1. Valuation of Karel (5 min.)




Live pricePrice per Share (EOD)

₺16.46

Intrinsic Value Per Share

₺23.72 - ₺84.68

Total Value Per Share

₺26.87 - ₺87.82

2. Growth of Karel (5 min.)




Is Karel growing?

Current yearPrevious yearGrowGrow %
How rich?$78.8m$24.5m$17.8m42.1%

How much money is Karel making?

Current yearPrevious yearGrowGrow %
Making money$1.8m$357.5k$1.4m80.4%
Net Profit Margin0.0%1.9%--

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

3. Financial Health of Karel (5 min.)




4. Comparing to competitors in the Communication Equipment industry (5 min.)




  Industry Rankings (Communication Equipment)  


Richest
#178 / 341

Most Revenue
#120 / 341

Most Profit
#117 / 341

Most Efficient
#184 / 341

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

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

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

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

Speculation

The Price per Share of Karel is ₺16.46. 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 Karel.
  • 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 Karel, 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 ₺3.14. Based on the TTM, the Book Value Change Per Share is ₺0.52 per quarter. Based on the YOY, the Book Value Change Per Share is ₺0.09 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 Karel.

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 Eps0.020.1%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Book Value Change Per Share0.050.3%0.020.1%0.000.0%0.000.0%0.000.0%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.050.3%0.020.1%0.000.0%0.000.0%0.000.0%
Usd Price Per Share0.36-0.58-0.52-0.52-0.31-
Price to Earnings Ratio5.27--34.93--25.53-63.05-90.48-
Price-to-Total Gains Ratio6.65--470.31-473.49-387.89-445.83-
Price to Book Ratio3.69-13.82-16.73-23.26-17.90-
Price-to-Total Gains Ratio6.65--470.31-473.49-387.89-445.83-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.511906
Number of shares1953
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.020.00
Usd Total Gains Per Share0.020.00
Gains per Quarter (1953 shares)31.368.53
Gains per Year (1953 shares)125.4234.12
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1012511503424
2025124006858
30376365010292
405024900136126
506276150171160
607537400205194
708788650239228
8010039900273262
90112911150307296
100125412400341330

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 Share1.03.00.025.0%6.06.00.050.0%14.06.00.070.0%29.07.04.072.5%57.07.04.083.8%
Book Value Change Per Share3.01.00.075.0%10.02.00.083.3%18.02.00.090.0%33.07.00.082.5%60.07.01.088.2%
Dividend per Share0.00.04.00.0%0.00.012.00.0%0.00.020.00.0%0.00.040.00.0%0.00.068.00.0%
Total Gains per Share3.01.00.075.0%10.02.00.083.3%18.02.00.090.0%33.07.00.082.5%60.07.01.088.2%

Fundamentals of Karel

About Karel Elektronik Sanayi ve Ticaret AS

Karel Elektronik Sanayi Ve Ticaret A.S. designs, develops, produces, and sells communication systems in Turkey. It offers communication products, such as PBX phone systems for small, medium, and large-scale businesses; IP based call center systems for public and private institutions; and IP, analog, wall, hotel, and feature phones, as well as direct station select modules, and operator phone headsets. The company also provides convergence and integration products, including conference products, GSM terminals, wireless (DECT) systems, auto-attendant and voicemail modules, call traffic control systems, VoIP and network products, call recording systems, nurse call systems, and other products, as well as vehicle tracking systems. In addition, it offers visual communication and security systems comprising security cameras, intruder alarm, and intercoms; cloud solutions with Internet applications that facilitate the business processes and provide economy and productivity for corporate users; and electronics manufacturing services, as well as undertakes telecommunication projects for fixed and mobile operators, and state institutions and organizations. Further, the company offers defense industry solutions, such as military tactical switches; alarm and announcement system for small boats and navy ships, phone and intercom PABX system, military gateway, and communications switching systems; electronic mirror; military computers; and inertial navigation systems. It provides its communication solutions for hotels, public institutions, medical institutions, educational institutions, production facilities, retail business, finance institutions, and transportation institutions. The company also exports its products and technologies to approximately 30 countries. Karel Elektronik Sanayi Ve Ticaret A.S. was founded in 1986 and is headquartered in Istanbul, Turkey.

Fundamental data was last updated by Penke on 2024-05-17 13:23:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is not making a profit/loss.
Using its assets, the company is 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.

Valuation

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

1.1. Profitability of Karel Elektronik Sanayi ve Ticaret AS.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Karel to the Communication Equipment industry mean.
  • A Net Profit Margin of 11.1% means that ₤0.11 for each ₤1 in revenue is generated as profit.

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

  • The MRQ is 11.1%. The company is making a huge profit. +2
  • The TTM is 0.0%. The company is not making a profit/loss.
Trends
Current periodCompared to+/- 
MRQ11.1%TTM0.0%+11.1%
TTM0.0%YOY1.9%-1.9%
TTM0.0%5Y6.4%-6.4%
5Y6.4%10Y6.3%+0.1%
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ11.1%1.5%+9.6%
TTM0.0%1.0%-1.0%
YOY1.9%2.7%-0.8%
5Y6.4%0.8%+5.6%
10Y6.3%1.2%+5.1%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Karel to the Communication Equipment industry mean.
  • 5.4% Return on Assets means that Karel generated ₤0.05 profit for each $1 in assets.

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

  • The MRQ is 5.4%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 0.4%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ5.4%TTM0.4%+5.0%
TTM0.4%YOY0.6%-0.2%
TTM0.4%5Y1.6%-1.2%
5Y1.6%10Y1.5%+0.1%
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ5.4%0.2%+5.2%
TTM0.4%0.3%+0.1%
YOY0.6%0.7%-0.1%
5Y1.6%0.4%+1.2%
10Y1.5%0.4%+1.1%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Karel to the Communication Equipment industry mean.
  • 18.6% Return on Equity means Karel generated ₤0.19 for each ₤1 the owners (shareholders) invested.

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

  • The MRQ is 18.6%. Using its investors money, the company is efficient in making profit. +1
  • The TTM is -1.6%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ18.6%TTM-1.6%+20.3%
TTM-1.6%YOY1.9%-3.6%
TTM-1.6%5Y3.7%-5.3%
5Y3.7%10Y3.4%+0.2%
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ18.6%0.7%+17.9%
TTM-1.6%0.6%-2.2%
YOY1.9%1.4%+0.5%
5Y3.7%0.6%+3.1%
10Y3.4%0.8%+2.6%

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

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Karel is operating .

  • Measures how much profit Karel 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 Karel to the Communication Equipment 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 Karel Elektronik Sanayi ve Ticaret AS:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM4.0%-4.0%
TTM4.0%YOY14.8%-10.8%
TTM4.0%5Y15.8%-11.8%
5Y15.8%10Y11.0%+4.8%
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ-1.9%-1.9%
TTM4.0%0.7%+3.3%
YOY14.8%3.2%+11.6%
5Y15.8%2.1%+13.7%
10Y11.0%1.7%+9.3%
1.2.2. Operating Ratio

Measures how efficient Karel is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Communication Equipment industry mean).
  • An Operation Ratio of 1.94 means that the operating costs are ₤1.94 for each ₤1 in net sales.

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

  • The MRQ is 1.941. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.752. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.941TTM1.752+0.189
TTM1.752YOY1.624+0.128
TTM1.7525Y1.614+0.138
5Y1.61410Y1.314+0.301
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ1.9411.611+0.330
TTM1.7521.567+0.185
YOY1.6241.520+0.104
5Y1.6141.528+0.086
10Y1.3141.313+0.001

1.3. Liquidity of Karel Elektronik Sanayi ve Ticaret AS.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Communication Equipment industry mean).
  • A Current Ratio of 1.09 means the company has ₤1.09 in assets for each ₤1 in short-term debts.

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

  • The MRQ is 1.088. The company is just able to pay all its short-term debts.
  • The TTM is 1.029. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.088TTM1.029+0.060
TTM1.029YOY1.072-0.043
TTM1.0295Y1.323-0.294
5Y1.32310Y0.949+0.373
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0881.898-0.810
TTM1.0291.893-0.864
YOY1.0721.886-0.814
5Y1.3231.933-0.610
10Y0.9491.826-0.877
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Karel to the Communication Equipment industry mean.
  • A Quick Ratio of 0.35 means the company can pay off ₤0.35 for each ₤1 in debt (using most liquid assets).

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

  • The MRQ is 0.352. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.399. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.352TTM0.399-0.046
TTM0.399YOY0.382+0.017
TTM0.3995Y0.484-0.085
5Y0.48410Y0.568-0.084
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3520.775-0.423
TTM0.3990.862-0.463
YOY0.3820.930-0.548
5Y0.4841.015-0.531
10Y0.5681.064-0.496

1.4. Solvency of Karel Elektronik Sanayi ve Ticaret AS.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Karel to Communication Equipment industry mean.
  • A Debt to Asset Ratio of 0.69 means that Karel assets are financed with 69.4% credit (debt) and the remaining percentage (100% - 69.4%) is financed by its owners/shareholders. 

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

  • The MRQ is 0.694. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.788. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.694TTM0.788-0.094
TTM0.788YOY0.773+0.015
TTM0.7885Y0.692+0.096
5Y0.69210Y0.637+0.055
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ0.6940.466+0.228
TTM0.7880.464+0.324
YOY0.7730.465+0.308
5Y0.6920.473+0.219
10Y0.6370.457+0.180
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Karel to the Communication Equipment industry mean.
  • A Debt to Equity ratio of 241.1% means that company has ₤2.41 debt for each ₤1 in shareholders equity.

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

  • The MRQ is 2.411. The company is just not able to pay all its debts with equity.
  • The TTM is 4.656. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ2.411TTM4.656-2.245
TTM4.656YOY3.861+0.794
TTM4.6565Y2.759+1.897
5Y2.75910Y2.115+0.644
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
MRQ2.4110.847+1.564
TTM4.6560.846+3.810
YOY3.8610.855+3.006
5Y2.7590.910+1.849
10Y2.1150.943+1.172

2. Market Valuation of Karel 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 Karel generates.

  • Above 15 is considered overpriced but always compare Karel to the Communication Equipment industry mean.
  • A PE ratio of 5.27 means the investor is paying ₤5.27 for every ₤1 in earnings.

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

  • The EOD is 7.478. Based on the earnings, the company is cheap. +2
  • The MRQ is 5.275. Based on the earnings, the company is cheap. +2
  • The TTM is -34.933. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD7.478MRQ5.275+2.203
MRQ5.275TTM-34.933+40.208
TTM-34.933YOY-25.530-9.403
TTM-34.9335Y63.054-97.987
5Y63.05410Y90.480-27.426
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
EOD7.4786.908+0.570
MRQ5.2756.407-1.132
TTM-34.9335.458-40.391
YOY-25.53010.476-36.006
5Y63.05414.875+48.179
10Y90.48016.873+73.607
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is 1.641. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 1.157. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 4.911. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD1.641MRQ1.157+0.483
MRQ1.157TTM4.911-3.754
TTM4.911YOY-0.191+5.102
TTM4.9115Y-52.609+57.520
5Y-52.60910Y-42.512-10.097
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
EOD1.641-0.835+2.476
MRQ1.157-1.373+2.530
TTM4.911-0.069+4.980
YOY-0.191-0.051-0.140
5Y-52.6090.481-53.090
10Y-42.5121.670-44.182
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Communication Equipment industry mean).
  • A PB ratio of 3.69 means the investor is paying ₤3.69 for each ₤1 in book value.

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

  • The EOD is 5.234. Based on the equity, the company is overpriced. -1
  • The MRQ is 3.692. Based on the equity, the company is fair priced.
  • The TTM is 13.825. Based on the equity, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD5.234MRQ3.692+1.542
MRQ3.692TTM13.825-10.133
TTM13.825YOY16.734-2.909
TTM13.8255Y23.263-9.438
5Y23.26310Y17.905+5.358
Compared to industry (Communication Equipment)
PeriodCompanyIndustry (mean)+/- 
EOD5.2341.858+3.376
MRQ3.6922.033+1.659
TTM13.8252.124+11.701
YOY16.7341.954+14.780
5Y23.2632.330+20.933
10Y17.9052.727+15.178
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Karel 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--1.7460.516+238%0.093+1773%0.140+1143%0.074+2262%
Book Value Per Share--3.1451.690+86%0.979+221%0.862+265%0.544+478%
Current Ratio--1.0881.029+6%1.072+2%1.323-18%0.949+15%
Debt To Asset Ratio--0.6940.788-12%0.773-10%0.692+0%0.637+9%
Debt To Equity Ratio--2.4114.656-48%3.861-38%2.759-13%2.115+14%
Dividend Per Share----0%-0%-0%-0%
Eps--0.5500.056+882%0.014+3758%0.033+1565%0.021+2527%
Free Cash Flow Per Share--2.5080.749+235%-0.182+107%0.088+2759%0.051+4855%
Free Cash Flow To Equity Per Share--2.5080.680+269%0.131+1821%0.169+1383%0.110+2183%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%0.900+11%
Intrinsic Value_10Y_max--84.679--------
Intrinsic Value_10Y_min--23.720--------
Intrinsic Value_1Y_max--1.750--------
Intrinsic Value_1Y_min--0.575--------
Intrinsic Value_3Y_max--10.391--------
Intrinsic Value_3Y_min--3.300--------
Intrinsic Value_5Y_max--25.221--------
Intrinsic Value_5Y_min--7.724--------
Market Cap13264883823.360+29%9356336645.76015132524665.440-38%13345452277.810-30%13430501458.508-30%7922469995.937+18%
Net Profit Margin--0.1110.000+70147%0.019+485%0.064+73%0.063+76%
Operating Margin---0.040-100%0.148-100%0.158-100%0.110-100%
Operating Ratio--1.9411.752+11%1.624+20%1.614+20%1.314+48%
Pb Ratio5.234+29%3.69213.825-73%16.734-78%23.263-84%17.905-79%
Pe Ratio7.478+29%5.275-34.933+762%-25.530+584%63.054-92%90.480-94%
Price Per Share16.460+29%11.61018.778-38%16.560-30%16.666-30%9.831+18%
Price To Free Cash Flow Ratio1.641+29%1.1574.911-76%-0.191+116%-52.609+4646%-42.512+3773%
Price To Total Gains Ratio9.428+29%6.650-470.312+7172%473.489-99%387.886-98%445.830-99%
Quick Ratio--0.3520.399-12%0.382-8%0.484-27%0.568-38%
Return On Assets--0.0540.004+1290%0.006+781%0.016+242%0.015+269%
Return On Equity--0.186-0.016+109%0.019+872%0.037+410%0.034+447%
Total Gains Per Share--1.7460.516+238%0.093+1773%0.140+1143%0.074+2262%
Usd Book Value--78820195.87742346987.338+86%24533554.545+221%21605047.763+265%13640883.675+478%
Usd Book Value Change Per Share--0.0540.016+238%0.003+1773%0.004+1143%0.002+2262%
Usd Book Value Per Share--0.0980.053+86%0.030+221%0.027+265%0.017+478%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps--0.0170.002+882%0.000+3758%0.001+1565%0.001+2527%
Usd Free Cash Flow--62858606.72218777764.333+235%-4570473.540+107%2198976.810+2759%1078294.740+5729%
Usd Free Cash Flow Per Share--0.0780.023+235%-0.006+107%0.003+2759%0.002+4855%
Usd Free Cash Flow To Equity Per Share--0.0780.021+269%0.004+1821%0.005+1383%0.003+2183%
Usd Market Cap412537886.906+29%290982069.683470621517.095-38%415043565.840-30%417688595.360-30%246388816.874+18%
Usd Price Per Share0.512+29%0.3610.584-38%0.515-30%0.518-30%0.306+18%
Usd Profit--13791491.0231826699.925+655%357523.283+3758%906002.578+1422%563766.765+2346%
Usd Revenue--124128717.43773537047.379+69%26765661.762+364%25466736.812+387%14270062.313+770%
Usd Total Gains Per Share--0.0540.016+238%0.003+1773%0.004+1143%0.002+2262%
 EOD+4 -4MRQTTM+26 -7YOY+24 -95Y+23 -1010Y+26 -8

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-157.478
Price to Book Ratio (EOD)Between0-15.234
Net Profit Margin (MRQ)Greater than00.111
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.352
Current Ratio (MRQ)Greater than11.088
Debt to Asset Ratio (MRQ)Less than10.694
Debt to Equity Ratio (MRQ)Less than12.411
Return on Equity (MRQ)Greater than0.150.186
Return on Assets (MRQ)Greater than0.050.054
Total6/10 (60.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5062.560
Ma 20Greater thanMa 5015.491
Ma 50Greater thanMa 10015.071
Ma 100Greater thanMa 20014.722
OpenGreater thanClose16.340
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  -14,21710,817-3,400-66,841-70,24035,895-34,345656,458622,113
Operating Income  136,7806,485143,264149,970293,234-57,729235,505-290,241-54,736



Latest Balance Sheet

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

Summary
Total Assets8,269,118
Total Liabilities5,734,706
Total Stockholder Equity2,378,414
 As reported
Total Liabilities 5,734,706
Total Stockholder Equity+ 2,378,414
Total Assets = 8,269,118

Assets

Total Assets8,269,118
Total Current Assets5,416,963
Long-term Assets2,852,154
Total Current Assets
Cash And Cash Equivalents 628,338
Net Receivables 1,754,284
Inventory 2,239,298
Total Current Assets  (as reported)5,416,963
Total Current Assets  (calculated)4,621,920
+/- 795,043
Long-term Assets
Property Plant Equipment 1,522,503
Goodwill 142,183
Intangible Assets 936,716
Long-term Assets  (as reported)2,852,154
Long-term Assets  (calculated)2,601,402
+/- 250,752

Liabilities & Shareholders' Equity

Total Current Liabilities4,977,231
Long-term Liabilities757,476
Total Stockholder Equity2,378,414
Total Current Liabilities
Short Long Term Debt 3,318,213
Accounts payable 730,708
Other Current Liabilities 3,120
Total Current Liabilities  (as reported)4,977,231
Total Current Liabilities  (calculated)4,052,041
+/- 925,190
Long-term Liabilities
Long term Debt 7,659
Capital Lease Obligations Min Short Term Debt308,036
Long-term Liabilities  (as reported)757,476
Long-term Liabilities  (calculated)315,695
+/- 441,780
Total Stockholder Equity
Retained Earnings 814,186
Total Stockholder Equity (as reported)2,378,414
Total Stockholder Equity (calculated)814,186
+/- 1,564,228
Other
Capital Stock402,943
Common Stock Shares Outstanding 712,284
Net Debt 2,697,534
Net Invested Capital 5,704,286
Net Working Capital 439,733
Property Plant and Equipment Gross 2,659,244



Balance Sheet

Currency in TRY. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-03-312006-12-312006-09-302005-12-31
> Total Assets 
51,533
65,300
86,505
0
97,748
102,207
119,201
123,204
128,841
130,960
135,085
133,946
146,455
158,937
176,038
218,681
260,370
206,759
201,934
207,597
219,501
213,324
228,599
245,524
246,603
250,573
271,841
284,083
284,497
300,683
323,756
322,457
321,374
331,537
413,411
387,326
381,748
385,604
426,405
447,054
548,691
552,363
523,345
541,086
541,214
649,591
717,906
775,388
677,856
764,666
766,137
1,113,944
1,099,645
1,218,897
1,316,695
1,515,220
1,372,591
1,381,005
1,600,619
1,946,391
2,308,065
3,624,275
3,888,987
4,510,800
4,875,801
5,363,704
5,798,807
8,269,118
8,269,1185,798,8075,363,7044,875,8014,510,8003,888,9873,624,2752,308,0651,946,3911,600,6191,381,0051,372,5911,515,2201,316,6951,218,8971,099,6451,113,944766,137764,666677,856775,388717,906649,591541,214541,086523,345552,363548,691447,054426,405385,604381,748387,326413,411331,537321,374322,457323,756300,683284,497284,083271,841250,573246,603245,524228,599213,324219,501207,597201,934206,759260,370218,681176,038158,937146,455133,946135,085130,960128,841123,204119,201102,20797,748086,50565,30051,533
   > 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
428,740
401,894
410,000
410,277
514,497
575,777
645,596
530,806
613,565
612,254
923,783
892,838
1,002,485
1,069,432
1,250,853
1,097,415
1,084,430
1,257,620
1,556,251
1,855,701
2,758,495
2,948,630
3,341,147
3,680,974
4,018,931
4,391,472
5,416,963
5,416,9634,391,4724,018,9313,680,9743,341,1472,948,6302,758,4951,855,7011,556,2511,257,6201,084,4301,097,4151,250,8531,069,4321,002,485892,838923,783612,254613,565530,806645,596575,777514,497410,277410,000401,894428,74000000000000000000000000000000000000000000
       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
85,124
29,808
9,684
10,139
10,336
9,183
91,764
42,024
94,368
20,692
293,185
248,632
395,128
305,277
372,693
234,215
41,672
48,994
65,401
174,613
39,644
148,356
54,688
164,742
181,419
234,578
628,338
628,338234,578181,419164,74254,688148,35639,644174,61365,40148,99441,672234,215372,693305,277395,128248,632293,18520,69294,36842,02491,7649,18310,33610,1399,68429,80885,12400000000000000000000000000000000000000000
       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
21,185
0
0
0
0
0
0
0
0
0
0
0
0
0
703
0
0
0
0
0
0
0
20,643
21,656
0
0
0
00021,65620,6430000000703000000000000021,18500000000000000000000000000000000000000000
       Net Receivables 
11,940
16,059
19,471
0
25,873
24,843
30,984
31,638
37,563
33,030
40,716
35,218
39,648
31,210
34,168
39,502
60,266
48,482
52,585
60,154
56,210
53,088
51,347
62,360
60,098
58,853
64,454
75,139
77,271
55,491
74,755
78,862
77,141
85,880
99,127
107,199
102,271
116,065
124,404
144,309
135,894
132,542
157,718
176,769
154,168
220,956
258,845
242,623
184,506
221,529
246,651
292,078
332,057
264,805
341,174
443,104
398,352
472,000
520,410
639,196
655,640
1,001,903
915,476
1,317,107
1,437,227
1,794,966
1,715,441
1,754,284
1,754,2841,715,4411,794,9661,437,2271,317,107915,4761,001,903655,640639,196520,410472,000398,352443,104341,174264,805332,057292,078246,651221,529184,506242,623258,845220,956154,168176,769157,718132,542135,894144,309124,404116,065102,271107,19999,12785,88077,14178,86274,75555,49177,27175,13964,45458,85360,09862,36051,34753,08856,21060,15452,58548,48260,26639,50234,16831,21039,64835,21840,71633,03037,56331,63830,98424,84325,873019,47116,05911,940
       Other Current Assets 
126
1,981
722
0
1,222
2,006
2,112
4,844
4,010
7,208
1,833
7,700
2,437
3,217
2,304
3,844
2,614
6,689
4,889
6,539
5,173
4,296
7,894
4,020
8,004
5,317
8,003
4,633
6,104
7,532
20,162
6,531
8,117
11,062
16,250
15,403
20,255
24,348
26,836
12,528
20,819
30,916
33,623
26,992
22,920
35,786
31,230
32,656
28,766
29,449
52,613
59,477
45,965
39,871
77,389
66,804
81,273
103,705
121,669
75,980
153,965
331,773
406,574
388,820
0
16,558
18,659
0
018,65916,5580388,820406,574331,773153,96575,980121,669103,70581,27366,80477,38939,87145,96559,47752,61329,44928,76632,65631,23035,78622,92026,99233,62330,91620,81912,52826,83624,34820,25515,40316,25011,0628,1176,53120,1627,5326,1044,6338,0035,3178,0044,0207,8944,2965,1736,5394,8896,6892,6143,8442,3043,2172,4377,7001,8337,2084,0104,8442,1122,0061,22207221,981126
   > 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
147,051
151,101
153,883
190,161
206,807
216,412
247,263
264,367
275,176
296,575
342,998
390,141
452,364
865,780
940,357
1,169,653
1,194,828
1,344,774
1,407,335
2,852,154
2,852,1541,407,3351,344,7741,194,8281,169,653940,357865,780452,364390,141342,998296,575275,176264,367247,263216,412206,807190,161153,883151,101147,051000000000000000000000000000000000000000000000000
       Property Plant Equipment 
10,230
10,585
11,289
0
14,447
14,427
14,927
14,869
11,583
11,227
11,296
11,024
11,068
10,909
11,002
11,067
12,144
14,107
14,374
15,831
15,497
15,337
15,405
18,998
19,996
19,788
20,582
20,330
22,139
22,137
24,332
25,370
25,028
25,076
24,248
28,743
30,738
32,285
33,728
28,104
27,055
26,800
26,242
31,327
32,124
33,459
35,172
37,990
56,243
57,195
58,930
89,807
107,228
109,843
139,394
146,111
159,870
173,885
213,948
234,685
258,341
315,339
363,450
517,055
513,879
574,309
607,790
1,522,503
1,522,503607,790574,309513,879517,055363,450315,339258,341234,685213,948173,885159,870146,111139,394109,843107,22889,80758,93057,19556,24337,99035,17233,45932,12431,32726,24226,80027,05528,10433,72832,28530,73828,74324,24825,07625,02825,37024,33222,13722,13920,33020,58219,78819,99618,99815,40515,33715,49715,83114,37414,10712,14411,06711,00210,90911,06811,02411,29611,22711,58314,86914,92714,42714,447011,28910,58510,230
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
432
432
432
432
432
432
432
432
432
432
432
432
432
432
0
0
0
0
0
0
617
59,213
59,213
74,778
74,778
74,778
74,778
142,183
142,18374,77874,77874,77874,77859,21359,2136170000004324324324324324324324324324324324324324320000000000000000000000000000000000000000
       Intangible Assets 
9,513
12,225
13,031
0
16,667
17,569
18,637
19,742
22,343
23,457
24,567
25,567
26,332
27,674
28,876
30,005
4,379
4,392
4,352
4,370
41,719
4,195
4,292
954
1,135
1,116
1,058
1,212
1,232
1,342
1,362
1,591
1,487
1,835
1,784
1,738
1,863
1,807
1,752
1,825
8,845
8,255
7,952
7,981
8,175
8,210
9,611
8,315
74,930
77,401
78,297
80,343
83,169
86,374
85,479
96,416
103,505
110,317
118,080
128,639
144,956
449,461
463,558
451,150
470,844
520,527
551,465
936,716
936,716551,465520,527470,844451,150463,558449,461144,956128,639118,080110,317103,50596,41685,47986,37483,16980,34378,29777,40174,9308,3159,6118,2108,1757,9817,9528,2558,8451,8251,7521,8071,8631,7381,7841,8351,4871,5911,3621,3421,2321,2121,0581,1161,1359544,2924,19541,7194,3704,3524,3924,37930,00528,87627,67426,33225,56724,56723,45722,34319,74218,63717,56916,667013,03112,2259,513
       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
147,051
151,101
153,883
190,161
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000190,161153,883151,101147,051000000000000000000000000000000000000000000000000
> Total Liabilities 
18,150
23,516
24,188
0
27,349
30,351
44,951
45,907
49,302
49,592
47,608
43,128
52,041
62,051
76,477
114,361
146,471
89,912
82,516
82,238
90,843
80,491
92,896
107,358
104,738
106,015
127,067
132,143
131,639
144,205
167,792
160,706
164,795
170,502
260,599
218,963
205,195
206,985
247,486
269,631
365,319
355,852
320,178
333,808
329,156
435,689
531,694
504,618
399,712
450,305
418,953
734,953
717,339
814,857
877,420
1,010,981
843,992
825,554
1,011,084
1,376,592
1,667,256
2,807,483
3,061,414
3,640,533
4,011,110
4,443,734
4,671,322
5,734,706
5,734,7064,671,3224,443,7344,011,1103,640,5333,061,4142,807,4831,667,2561,376,5921,011,084825,554843,9921,010,981877,420814,857717,339734,953418,953450,305399,712504,618531,694435,689329,156333,808320,178355,852365,319269,631247,486206,985205,195218,963260,599170,502164,795160,706167,792144,205131,639132,143127,067106,015104,738107,35892,89680,49190,84382,23882,51689,912146,471114,36176,47762,05152,04143,12847,60849,59249,30245,90744,95130,35127,349024,18823,51618,150
   > Total Current Liabilities 
11,259
18,010
18,004
0
21,832
24,863
39,433
40,336
43,783
44,113
42,125
37,538
45,639
55,185
51,934
93,065
108,252
60,222
69,331
70,860
71,818
69,627
83,225
86,377
94,950
96,022
113,665
117,863
118,106
115,835
111,293
122,531
111,006
128,476
182,809
173,343
159,479
160,111
183,311
182,849
217,834
213,510
208,903
217,795
261,584
352,224
457,591
454,518
352,236
427,502
395,154
589,511
593,461
668,068
750,234
889,544
640,382
718,165
904,442
1,009,172
1,552,640
2,625,488
2,869,675
3,296,173
3,624,058
4,069,285
4,292,853
4,977,231
4,977,2314,292,8534,069,2853,624,0583,296,1732,869,6752,625,4881,552,6401,009,172904,442718,165640,382889,544750,234668,068593,461589,511395,154427,502352,236454,518457,591352,224261,584217,795208,903213,510217,834182,849183,311160,111159,479173,343182,809128,476111,006122,531111,293115,835118,106117,863113,66596,02294,95086,37783,22569,62771,81870,86069,33160,222108,25293,06551,93455,18545,63937,53842,12544,11343,78340,33639,43324,86321,832018,00418,01011,259
       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
240,473
96,761
87,271
149,853
196,058
237,213
210,223
226,522
297,125
234,890
400,943
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000400,943234,890297,125226,522210,223237,213196,058149,85387,27196,761240,47300000000000000000000000000000000000000000
       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
240,473
96,761
87,271
149,853
196,058
237,213
210,223
226,522
297,125
234,890
400,943
430,687
481,644
516,265
633,120
441,531
441,429
590,322
485,725
1,018,763
1,898,212
2,140,185
2,289,999
2,476,507
2,910,792
2,614,864
3,318,213
3,318,2132,614,8642,910,7922,476,5072,289,9992,140,1851,898,2121,018,763485,725590,322441,429441,531633,120516,265481,644430,687400,943234,890297,125226,522210,223237,213196,058149,85387,27196,761240,47300000000000000000000000000000000000000000
       Accounts payable 
3,561
4,260
5,296
0
10,201
13,200
16,802
18,558
21,511
23,203
21,131
21,149
23,454
22,799
17,749
24,687
23,998
22,670
21,403
23,622
20,714
21,066
24,363
20,956
24,944
24,982
22,328
27,327
31,615
26,492
38,160
31,542
26,544
36,196
41,844
42,664
38,208
50,723
43,128
39,397
45,512
51,982
51,133
60,925
65,592
100,701
98,434
95,618
69,613
68,289
54,036
109,280
85,467
76,583
118,296
142,411
120,907
188,543
197,187
331,677
306,181
363,707
359,849
454,536
518,537
563,929
888,159
730,708
730,708888,159563,929518,537454,536359,849363,707306,181331,677197,187188,543120,907142,411118,29676,58385,467109,28054,03668,28969,61395,61898,434100,70165,59260,92551,13351,98245,51239,39743,12850,72338,20842,66441,84436,19626,54431,54238,16026,49231,61527,32722,32824,98224,94420,95624,36321,06620,71423,62221,40322,67023,99824,68717,74922,79923,45421,14921,13123,20321,51118,55816,80213,20010,20105,2964,2603,561
       Other Current Liabilities 
2,575
3,607
3,691
0
1,668
2,811
3,373
3,197
3,520
4,981
4,929
8,756
12,369
8,823
12,293
13,022
14,558
11,850
9,980
9,269
51,104
15,448
12,640
12,239
15,647
11,453
13,425
10,397
11,196
9,404
10,856
10,711
12,005
12,269
23,975
12,756
13,246
13,630
14,249
36,758
38,147
48,775
46,730
61,860
41,396
22,230
22,220
32,856
122
1,879
1,640
42,025
46,072
74,299
83,524
64,119
25,482
36,852
44,265
88,082
138,731
218,267
238,813
352,911
1,829
344,822
36,230
3,120
3,12036,230344,8221,829352,911238,813218,267138,73188,08244,26536,85225,48264,11983,52474,29946,07242,0251,6401,87912232,85622,22022,23041,39661,86046,73048,77538,14736,75814,24913,63013,24612,75623,97512,26912,00510,71110,8569,40411,19610,39713,42511,45315,64712,23912,64015,44851,1049,2699,98011,85014,55813,02212,2938,82312,3698,7564,9294,9813,5203,1973,3732,8111,66803,6913,6072,575
   > 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
47,477
22,803
23,799
145,442
123,878
146,789
127,185
121,438
203,610
107,389
106,642
367,420
114,616
181,995
191,739
344,360
387,052
374,449
378,469
757,476
757,476378,469374,449387,052344,360191,739181,995114,616367,420106,642107,389203,610121,438127,185146,789123,878145,44223,79922,80347,477000000000000000000000000000000000000000000000000
       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
-240,473
-96,761
-87,271
-149,853
-196,058
-237,213
-210,223
-226,522
-297,125
-234,890
-377,387
39,125
39,591
38,389
31,215
30,461
29,596
27,603
33,527
32,553
36,566
56,154
193,046
181,834
223,505
227,803
308,036
308,036227,803223,505181,834193,04656,15436,56632,55333,52727,60329,59630,46131,21538,38939,59139,125-377,387-234,890-297,125-226,522-210,223-237,213-196,058-149,853-87,271-96,761-240,47300000000000000000000000000000000000000000
       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
64,922
64,644
64,949
65,358
65,753
66,494
67,245
66,713
69,508
70,957
71,486
74,142
77,901
81,434
82,203
87,172
93,467
100,197
109,617
122,888
138,141
154,436
165,064
0
227,364
0
0
00227,3640165,064154,436138,141122,888109,617100,19793,46787,17282,20381,43477,90174,14271,48670,95769,50866,71367,24566,49465,75365,35864,94964,64464,92200000000000000000000000000000000000000000
> Total Stockholder Equity
33,379
41,779
62,309
62,317
70,399
71,855
74,250
77,297
79,539
81,368
87,477
90,818
94,414
96,886
99,561
104,319
113,899
116,847
119,418
125,359
128,659
132,834
135,702
138,166
141,865
144,558
144,775
151,940
152,858
156,478
155,963
161,751
156,579
161,035
152,812
168,362
176,553
178,619
178,918
177,423
183,378
196,827
203,553
207,512
212,793
215,128
188,249
272,771
280,704
317,089
350,048
382,277
386,476
408,770
434,954
500,457
523,892
550,687
585,415
569,799
639,564
723,293
731,273
763,188
740,717
753,630
953,296
2,378,414
2,378,414953,296753,630740,717763,188731,273723,293639,564569,799585,415550,687523,892500,457434,954408,770386,476382,277350,048317,089280,704272,771188,249215,128212,793207,512203,553196,827183,378177,423178,918178,619176,553168,362152,812161,035156,579161,751155,963156,478152,858151,940144,775144,558141,865138,166135,702132,834128,659125,359119,418116,847113,899104,31999,56196,88694,41490,81887,47781,36879,53977,29774,25071,85570,39962,31762,30941,77933,379
   Common Stock
14,000
14,000
18,200
0
21,845
21,845
25,000
25,000
25,000
25,000
30,000
30,000
30,000
30,000
37,500
37,500
37,500
37,500
45,000
45,000
45,000
45,000
45,000
45,000
45,000
54,000
54,000
54,000
54,000
54,000
58,320
58,320
58,320
58,320
58,320
58,320
58,320
58,320
58,320
58,320
58,320
58,320
58,320
58,320
58,320
58,320
58,320
58,320
58,320
58,320
58,320
58,320
58,320
58,320
58,320
58,320
58,320
58,320
200,000
200,000
200,000
200,000
200,000
200,000
0
402,943
0
0
00402,9430200,000200,000200,000200,000200,000200,00058,32058,32058,32058,32058,32058,32058,32058,32058,32058,32058,32058,32058,32058,32058,32058,32058,32058,32058,32058,32058,32058,32058,32058,32058,32058,32058,32058,32054,00054,00054,00054,00054,00045,00045,00045,00045,00045,00045,00045,00037,50037,50037,50037,50030,00030,00030,00030,00025,00025,00025,00025,00021,84521,845018,20014,00014,000
   Retained Earnings 
19,379
27,779
31,243
0
35,206
36,663
35,902
38,950
41,192
43,020
44,130
47,470
51,066
53,538
55,948
60,789
70,324
73,272
74,463
80,456
83,979
88,193
91,043
93,336
97,041
90,786
91,083
98,005
98,917
103,300
98,762
104,745
99,603
104,211
96,377
112,147
120,540
123,391
124,084
122,730
128,614
142,329
149,879
154,135
160,322
163,002
137,282
222,288
224,405
257,281
290,998
335,925
342,302
365,137
392,326
457,561
482,549
508,799
404,343
387,945
467,926
423,650
413,215
433,929
390,536
306,601
199,929
814,186
814,186199,929306,601390,536433,929413,215423,650467,926387,945404,343508,799482,549457,561392,326365,137342,302335,925290,998257,281224,405222,288137,282163,002160,322154,135149,879142,329128,614122,730124,084123,391120,540112,14796,377104,21199,603104,74598,762103,30098,91798,00591,08390,78697,04193,33691,04388,19383,97980,45674,46373,27270,32460,78955,94853,53851,06647,47044,13043,02041,19238,95035,90236,66335,206031,24327,77919,379
   Capital Surplus 00000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock00000000000000000000000000000000000000000000000000000000000000000000
   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
-3,823
-4,646
-4,943
-5,849
-6,193
-7,353
-7,836
-9,722
-10,176
-10,934
-11,968
-14,145
-14,687
-15,691
-15,424
-16,977
-16,433
-18,928
-18,146
-28,362
99,642
118,059
129,259
0
40,631
0
0
0040,6310129,259118,05999,642-28,362-18,146-18,928-16,433-16,977-15,424-15,691-14,687-14,145-11,968-10,934-10,176-9,722-7,836-7,353-6,193-5,849-4,943-4,646-3,82300000000000000000000000000000000000000000



Balance Sheet

Currency in TRY. All numbers in thousands.