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Kartonsan Karton Sanayi ve Ticaret AS










Financial Health of Kartonsan




Comparing to competitors in the Packaging & Containers industry




  Industry Rankings  


Kartonsan Karton Sanayi ve Ticaret AS
Buy, Hold or Sell?

Should you buy, hold or sell Kartonsan?

I guess you are interested in Kartonsan Karton 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.

Let's analyse Kartonsan

Let's start. I'm going to help you getting a better view of Kartonsan Karton 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.

  1. Company's Financial Health
    A deep dive into the books. How are the numbers doing? Is Kartonsan Karton Sanayi ve Ticaret AS even making a profit? Is the company skyrocketing? Or is it sinking like the Titanic. The trend is your friend.
  2. Market Valuation
    Finally, you now have an insight of how Kartonsan Karton Sanayi ve Ticaret AS is doing in the market. If the company is worth buying. The latest step is to find out how other investors value Kartonsan Karton Sanayi ve Ticaret AS. The closing price on 2022-12-02 was ₺114.20 per share. Is the company over- or underpriced?
  3. Key Performance Indicators
    A total overlook on how the company is doing. Based on the (trends in) the key performance indicators.
Kartonsan Karton Sanayi ve Ticaret AS Daily Candlestick Chart

Summary

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is efficient in making profit.
Using its investors money, the company is efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is very 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.

1.1. Profitability of Kartonsan Karton Sanayi ve Ticaret AS.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Kartonsan to the Packaging & Containers industry mean.
  • A Net Profit Margin of 17.4% means that ₤0.17 for each ₤1 in revenue is generated as profit.

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

  • The MRQ is 17.4%. The company is making a huge profit. +2
  • The TTM is 19.5%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ17.4%TTM19.5%-2.1%
TTM19.5%YOY17.1%+2.4%
TTM19.5%5Y15.9%+3.6%
5Y15.9%10Y12.6%+3.3%
Compared to industry (Packaging & Containers)
PeriodCompanyIndustry (mean)+/- 
MRQ17.4%4.6%+12.8%
TTM19.5%4.0%+15.5%
YOY17.1%4.7%+12.4%
5Y15.9%3.8%+12.1%
10Y12.6%3.9%+8.7%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Kartonsan to the Packaging & Containers industry mean.
  • 7.2% Return on Assets means that Kartonsan generated ₤0.07 profit for each $1 in assets.

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

  • The MRQ is 7.2%. Using its assets, the company is efficient in making profit. +1
  • The TTM is 15.7%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ7.2%TTM15.7%-8.5%
TTM15.7%YOY6.9%+8.8%
TTM15.7%5Y7.5%+8.1%
5Y7.5%10Y4.7%+2.8%
Compared to industry (Packaging & Containers)
PeriodCompanyIndustry (mean)+/- 
MRQ7.2%1.1%+6.1%
TTM15.7%1.0%+14.7%
YOY6.9%1.2%+5.7%
5Y7.5%0.9%+6.6%
10Y4.7%0.9%+3.8%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Kartonsan to the Packaging & Containers industry mean.
  • 9.9% Return on Equity means Kartonsan generated ₤0.10 for each ₤1 the owners (shareholders) invested.

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

  • The MRQ is 9.9%. Using its investors money, the company is less efficient in making profit.
  • The TTM is 21.1%. Using its investors money, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ9.9%TTM21.1%-11.1%
TTM21.1%YOY8.7%+12.3%
TTM21.1%5Y9.6%+11.4%
5Y9.6%10Y6.0%+3.6%
Compared to industry (Packaging & Containers)
PeriodCompanyIndustry (mean)+/- 
MRQ9.9%2.3%+7.6%
TTM21.1%2.2%+18.9%
YOY8.7%2.7%+6.0%
5Y9.6%2.1%+7.5%
10Y6.0%2.1%+3.9%

1.2. Operating Efficiency of Kartonsan Karton Sanayi ve Ticaret AS.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Kartonsan is operating .

  • Measures how much profit Kartonsan 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 Kartonsan to the Packaging & Containers industry mean.
  • An Operating Margin of 15.3% means the company generated ₤0.15  for each ₤1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Kartonsan Karton Sanayi ve Ticaret AS:

  • The MRQ is 15.3%. The company is operating efficient. +1
  • The TTM is 18.5%. The company is operating efficient. +1
Trends
Current periodCompared to+/- 
MRQ15.3%TTM18.5%-3.1%
TTM18.5%YOY19.5%-1.0%
TTM18.5%5Y18.1%+0.4%
5Y18.1%10Y9.6%+8.5%
Compared to industry (Packaging & Containers)
PeriodCompanyIndustry (mean)+/- 
MRQ15.3%6.3%+9.0%
TTM18.5%5.4%+13.1%
YOY19.5%6.9%+12.6%
5Y18.1%5.9%+12.2%
10Y9.6%4.9%+4.7%
1.2.2. Operating Ratio

Measures how efficient Kartonsan is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Packaging & Containers industry mean).
  • An Operation Ratio of 1.66 means that the operating costs are ₤1.66 for each ₤1 in net sales.

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

  • The MRQ is 1.662. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.104. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.662TTM1.104+0.558
TTM1.104YOY1.566-0.461
TTM1.1045Y1.510-0.405
5Y1.51010Y1.203+0.307
Compared to industry (Packaging & Containers)
PeriodCompanyIndustry (mean)+/- 
MRQ1.6621.661+0.001
TTM1.1041.561-0.457
YOY1.5661.512+0.054
5Y1.5101.262+0.248
10Y1.2031.088+0.115

1.3. Liquidity of Kartonsan Karton Sanayi ve Ticaret AS.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Packaging & Containers industry mean).
  • A Current Ratio of 2.97 means the company has ₤2.97 in assets for each ₤1 in short-term debts.

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

  • The MRQ is 2.968. The company is able to pay all its short-term debts. +1
  • The TTM is 3.135. The company is very able to pay all its short-term debts. +2
Trends
Current periodCompared to+/- 
MRQ2.968TTM3.135-0.167
TTM3.135YOY3.453-0.318
TTM3.1355Y3.501-0.367
5Y3.50110Y1.901+1.601
Compared to industry (Packaging & Containers)
PeriodCompanyIndustry (mean)+/- 
MRQ2.9681.579+1.389
TTM3.1351.526+1.609
YOY3.4531.508+1.945
5Y3.5011.440+2.061
10Y1.9011.267+0.634
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Kartonsan to the Packaging & Containers industry mean.
  • A Quick Ratio of 0.50 means the company can pay off ₤0.50 for each ₤1 in debt (using most liquid assets).

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

  • The MRQ is 0.500. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.646. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.500TTM0.646-0.146
TTM0.646YOY0.836-0.190
TTM0.6465Y0.868-0.222
5Y0.86810Y0.905-0.037
Compared to industry (Packaging & Containers)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5000.770-0.270
TTM0.6460.736-0.090
YOY0.8360.754+0.082
5Y0.8680.717+0.151
10Y0.9050.679+0.226

1.4. Solvency of Kartonsan Karton Sanayi ve Ticaret AS.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Kartonsan to Packaging & Containers industry mean.
  • A Debt to Asset Ratio of 0.27 means that Kartonsan assets are financed with 27.5% credit (debt) and the remaining percentage (100% - 27.5%) is financed by its owners/shareholders. 

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

  • The MRQ is 0.275. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.259. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.275TTM0.259+0.016
TTM0.259YOY0.212+0.047
TTM0.2595Y0.201+0.058
5Y0.20110Y0.189+0.012
Compared to industry (Packaging & Containers)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2750.523-0.248
TTM0.2590.503-0.244
YOY0.2120.508-0.296
5Y0.2010.503-0.302
10Y0.1890.497-0.308
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Kartonsan to the Packaging & Containers industry mean.
  • A Debt to Equity ratio of 37.9% means that company has ₤0.38 debt for each ₤1 in shareholders equity.

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

  • The MRQ is 0.379. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.350. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.379TTM0.350+0.029
TTM0.350YOY0.270+0.081
TTM0.3505Y0.254+0.096
5Y0.25410Y0.237+0.017
Compared to industry (Packaging & Containers)
PeriodCompanyIndustry (mean)+/- 
MRQ0.3791.108-0.729
TTM0.3501.056-0.706
YOY0.2701.066-0.796
5Y0.2541.144-0.890
10Y0.2371.118-0.881

2. Market Valuation of Kartonsan Karton Sanayi ve Ticaret AS

2. Earnings Per Share
2.1. Price to Earnings Ratio

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

  • Above 15 is considered overpriced but always compare Kartonsan to the Packaging & Containers industry mean.
  • A PE ratio of 37.68 means the investor is paying ₤37.68 for every ₤1 in earnings.

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

  • The EOD is 62.683. Neutral. Compare to industry.
  • The MRQ is 37.681. Good. +1
  • The TTM is 23.791. Very good. +2
Trends
Current periodCompared to+/- 
EOD62.683MRQ37.681+25.002
MRQ37.681TTM23.791+13.890
TTM23.791YOY98.926-75.135
TTM23.7915Y723.255-699.464
5Y723.25510Y1,965.725-1,242.470
Compared to industry (Packaging & Containers)
PeriodCompanyIndustry (mean)+/- 
EOD62.68336.541+26.142
MRQ37.68136.783+0.898
TTM23.79149.593-25.802
YOY98.92652.518+46.408
5Y723.25547.404+675.851
10Y1,965.72538.094+1,927.631
2.2. Price Earnings to Growth Ratio

Measures the predicted future growth of Kartonsan.

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

Let's take a look of the Price Earnings to Growth Ratio trends of Kartonsan Karton Sanayi ve Ticaret AS:

  • The MRQ is -49.987. Very Bad. -2
  • The TTM is -19.885. Very Bad. -2
Trends
Current periodCompared to+/- 
MRQ-49.987TTM-19.885-30.102
TTM-19.885YOY164.228-184.113
TTM-19.8855Y183.634-203.519
5Y183.63410Y-11,023.329+11,206.964
Compared to industry (Packaging & Containers)
PeriodCompanyIndustry (mean)+/- 
MRQ-49.9870.359-50.346
TTM-19.885-0.001-19.884
YOY164.2280.127+164.101
5Y183.6340.075+183.559
10Y-11,023.3290.033-11,023.362

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

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

  • At or below 1 is considered healthy (always compare to Packaging & Containers industry mean).
  • A PB ratio of 3.74 means the investor is paying ₤3.74 for each ₤1 in book value.

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

  • The EOD is 6.221. Seems overpriced? -1
  • The MRQ is 3.740. Neutral. Compare to industry.
  • The TTM is 4.344. Neutral. Compare to industry.
Trends
Current periodCompared to+/- 
EOD6.221MRQ3.740+2.481
MRQ3.740TTM4.344-0.604
TTM4.344YOY8.042-3.698
TTM4.3445Y41.509-37.166
5Y41.50910Y56.068-14.559
Compared to industry (Packaging & Containers)
PeriodCompanyIndustry (mean)+/- 
EOD6.2211.572+4.649
MRQ3.7401.630+2.110
TTM4.3441.820+2.524
YOY8.0421.628+6.414
5Y41.5091.542+39.967
10Y56.0681.163+54.905
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Kartonsan Karton 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--1.7672.277-22%0.534+231%0.720+146%0.387+357%
Book Value Growth--0.9510.9540%0.950+0%0.950+0%0.949+0%
Book Value Per Share--18.35814.658+25%8.369+119%7.943+131%5.726+221%
Book Value Per Share Growth--0.0960.150-36%0.063+54%0.071+36%0.043+123%
Current Ratio--2.9683.135-5%3.453-14%3.501-15%1.901+56%
Debt To Asset Ratio--0.2750.259+6%0.212+30%0.201+37%0.189+45%
Debt To Equity Ratio--0.3790.350+8%0.270+41%0.254+49%0.237+60%
Dividend Per Share--0.0010.572-100%0.203-100%0.284-100%0.164-100%
Dividend Per Share Growth---3383.685-845.671-75%-285.008-92%-253.260-93%-135.862-96%
Eps--1.8222.882-37%0.739+146%0.928+96%0.506+260%
Eps Growth---0.754-0.007-99%0.101-845%0.045-1787%0.013-6127%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%0.875+14%
Net Profit Margin--0.1740.195-11%0.171+2%0.159+9%0.126+37%
Operating Margin--0.1530.185-17%0.195-21%0.181-15%0.096+60%
Operating Ratio--1.6621.104+50%1.566+6%1.510+10%1.203+38%
Pb Ratio6.221+40%3.7404.344-14%8.042-53%41.509-91%56.068-93%
Pe Ratio62.683+40%37.68123.791+58%98.926-62%723.255-95%1965.725-98%
Peg Ratio---49.987-19.885-60%164.228-130%183.634-127%-11023.329+21952%
Price Per Share114.200+40%68.65062.738+9%65.883+4%245.073-72%246.000-72%
Price To Total Gains Ratio64.606+40%38.83720129.319-100%99.195-61%4627.767-99%6665.202-99%
Profit Growth--90.58294.592-4%95.174-5%94.870-5%94.697-4%
Quick Ratio--0.5000.646-23%0.836-40%0.868-42%0.905-45%
Return On Assets--0.0720.157-54%0.069+5%0.075-4%0.047+52%
Return On Equity--0.0990.211-53%0.087+14%0.096+3%0.060+65%
Revenue Growth--0.9370.967-3%0.953-2%0.953-2%0.950-1%
Total Gains Per Share--1.7682.849-38%0.737+140%1.003+76%0.551+221%
Total Gains Per Share Growth---2.981-927.001+31000%0.098-3157%-185.415+6120%-93.987+3053%
Usd Book Value--73935448.74659035080.206+25%33706068.064+119%31988820.179+131%23062940.015+221%
Usd Book Value Change Per Share--0.0950.122-22%0.029+231%0.039+146%0.021+357%
Usd Book Value Per Share--0.9860.787+25%0.449+119%0.427+131%0.308+221%
Usd Dividend Per Share--0.0000.031-100%0.011-100%0.015-100%0.009-100%
Usd Eps--0.0980.155-37%0.040+146%0.050+96%0.027+260%
Usd Price Per Share6.133+40%3.6873.369+9%3.538+4%13.160-72%13.210-72%
Usd Profit--7337568.80611607280.870-37%2976956.764+146%3738666.930+96%2035912.281+260%
Usd Revenue--42207468.44530691504.210+38%17240847.545+145%15319104.110+176%9571430.604+341%
Usd Total Gains Per Share--0.0950.153-38%0.040+140%0.054+76%0.030+221%
 EOD+2 -3MRQTTM+8 -27YOY+20 -155Y+20 -1510Y+23 -13

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-1562.683
Price to Book Ratio (EOD)Between0-16.221
Net Profit Margin (MRQ)Greater than00.174
Operating Margin (MRQ)Greater than00.153
Quick Ratio (MRQ)Greater than10.500
Current Ratio (MRQ)Greater than12.968
Debt to Asset Ratio (MRQ)Less than10.275
Debt to Equity Ratio (MRQ)Less than10.379
Return on Equity (MRQ)Greater than0.150.099
Return on Assets (MRQ)Greater than0.050.072
Total6/10 (60.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5077.191
Ma 20Greater thanMa 5094.260
Ma 50Greater thanMa 10087.239
Ma 100Greater thanMa 20080.909
OpenGreater thanClose104.200
Total4/5 (80.0%)



Latest Balance Sheet

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

Summary
Total Assets1,898,629
Total Liabilities521,805
Total Stockholder Equity1,375,945
 As reported
Total Liabilities 521,805
Total Stockholder Equity+ 1,375,945
Total Assets = 1,898,629

Assets

Total Assets1,898,629
Total Current Assets1,421,645
Long-term Assets1,421,645
Total Current Assets
Cash And Cash Equivalents 544,476
Net Receivables 239,332
Inventory 571,146
Other Current Assets 53,636
Total Current Assets  (as reported)1,421,645
Total Current Assets  (calculated)1,408,591
+/- 13,054
Long-term Assets
Property Plant Equipment 367,400
Intangible Assets 5,259
Other Assets 104,326
Long-term Assets  (as reported)476,984
Long-term Assets  (calculated)476,984
+/-0

Liabilities & Shareholders' Equity

Total Current Liabilities478,988
Long-term Liabilities42,817
Total Stockholder Equity1,375,945
Total Current Liabilities
Accounts payable 341,279
Other Current Liabilities 91,392
Total Current Liabilities  (as reported)478,988
Total Current Liabilities  (calculated)432,671
+/- 46,318
Long-term Liabilities
Capital Lease Obligations Min Short Term Debt5,140
Other Liabilities 38,896
Long-term Liabilities  (as reported)42,817
Long-term Liabilities  (calculated)44,035
+/- 1,218
Total Stockholder Equity
Common Stock75,000
Retained Earnings 1,294,140
Other Stockholders Equity 6,798
Total Stockholder Equity (as reported)1,375,945
Total Stockholder Equity (calculated)1,375,938
+/- 8
Other
Capital Stock75,000
Common Stock Shares Outstanding 75,000
Net Invested Capital 1,375,945
Net Tangible Assets 1,370,686
Net Working Capital 942,657



Balance Sheet

Currency in TRY. All numbers in thousands.

 Trend2022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-03-312009-12-312009-03-312008-12-312007-12-312006-12-312005-12-312005-09-302004-12-312003-12-312002-12-31
> Total Assets 
121,202,392,000
184,130
206,353
192,139
197,028
212,016
189,591
172,349
0
179,925
181,549
192,390
192,236
204,671
215,384
221,086
228,989
238,992
236,817
240,716
248,309
256,721
260,925
270,756
282,842
298,959
294,834
298,287
332,029
337,280
361,976
363,932
358,951
368,497
368,234
348,415
351,314
340,251
343,327
353,552
375,565
399,363
408,535
466,164
487,899
520,931
515,560
525,573
548,931
585,535
608,193
654,967
698,591
788,224
814,721
889,384
1,183,954
0
1,686,991
1,898,629
1,898,6291,686,99101,183,954889,384814,721788,224698,591654,967608,193585,535548,931525,573515,560520,931487,899466,164408,535399,363375,565353,552343,327340,251351,314348,415368,234368,497358,951363,932361,976337,280332,029298,287294,834298,959282,842270,756260,925256,721248,309240,716236,817238,992228,989221,086215,384204,671192,236192,390181,549179,9250172,349189,591212,016197,028192,139206,353184,130121,202,392,000
   > 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
128,387
145,559
171,011
196,534
200,050
251,564
269,610
295,689
286,633
288,774
303,490
328,784
352,910
396,739
421,233
497,742
489,070
539,534
818,975
1,129,155
1,252,649
1,421,645
1,421,6451,252,6491,129,155818,975539,534489,070497,742421,233396,739352,910328,784303,490288,774286,633295,689269,610251,564200,050196,534171,011145,559128,38700000000000000000000000000000000000000
       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
8,408
23,902
33,866
63,831
61,389
79,615
93,926
95,155
73,075
73,645
90,098
139,522
134,513
172,703
184,978
249,426
204,521
263,095
420,622
0
550,935
544,476
544,476550,9350420,622263,095204,521249,426184,978172,703134,513139,52290,09873,64573,07595,15593,92679,61561,38963,83133,86623,9028,40800000000000000000000000000000000000000
       Net Receivables 
23,439,899,000
21,290
15,090
16,756
13,905
18,606
21,194
24,810
0
22,265
24,130
25,253
22,265
25,711
27,605
26,231
26,252
32,938
29,907
27,384
30,226
33,271
38,667
35,656
37,058
36,671
33,366
25,383
38,052
47,549
51,748
54,864
51,155
46,017
52,064
43,042
46,706
53,023
61,359
60,519
57,359
61,786
66,509
73,973
65,124
70,910
73,694
70,592
65,668
83,546
84,785
83,816
93,242
116,497
131,672
137,202
175,335
251,174
271,276
239,332
239,332271,276251,174175,335137,202131,672116,49793,24283,81684,78583,54665,66870,59273,69470,91065,12473,97366,50961,78657,35960,51961,35953,02346,70643,04252,06446,01751,15554,86451,74847,54938,05225,38333,36636,67137,05835,65638,66733,27130,22627,38429,90732,93826,25226,23127,60525,71122,26525,25324,13022,265024,81021,19418,60613,90516,75615,09021,29023,439,899,000
       Other Current Assets 
567,778,000
6,062
5,492
5,623
5,316
4,854
14,246
4,014
0
2,690
5,059
5,004
4,684
5,821
5,799
5,383
5,553
3,520
3,164
2,348
1,649
2,740
2,629
2,625
2,929
6,198
4,791
6,569
2,328
6,036
2,401
3,125
2,127
9,971
6,433
4,835
2,914
5,709
5,867
4,289
6,601
4,770
1,818
2,616
3,118
42
16
180
8,051
3,022
3,733
4,129
3,262
6,406
7,288
3,380
33,012
42,756
12,577
53,636
53,63612,57742,75633,0123,3807,2886,4063,2624,1293,7333,0228,05118016423,1182,6161,8184,7706,6014,2895,8675,7092,9144,8356,4339,9712,1273,1252,4016,0362,3286,5694,7916,1982,9292,6252,6292,7401,6492,3483,1643,5205,5535,3835,7995,8214,6845,0045,0592,69004,01414,2464,8545,3165,6235,4926,062567,778,000
   > 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
225,242
228,927
236,799
245,441
256,751
255,283
258,228
277,359
290,481
325,651
349,849
364,978
0
434,342
476,984
476,984434,3420364,978349,849325,651290,481277,359258,228255,283256,751245,441236,799228,927225,242000000000000000000000000000000000000000000000
       Property Plant Equipment 
52,389,137,000
84,938
80,996
68,992
67,775
66,996
63,232
64,289
0
91,309
89,214
85,762
83,954
82,328
79,943
79,769
82,234
80,337
79,028
77,767
77,727
73,833
72,137
70,207
67,990
84,797
175,153
200,214
211,965
206,833
229,095
224,827
219,951
217,898
212,957
207,702
202,976
198,518
193,422
189,896
188,824
187,318
189,068
191,289
187,952
197,230
197,589
202,585
209,095
215,849
221,315
222,828
238,513
240,782
278,837
301,398
305,815
311,150
340,003
367,400
367,400340,003311,150305,815301,398278,837240,782238,513222,828221,315215,849209,095202,585197,589197,230187,952191,289189,068187,318188,824189,896193,422198,518202,976207,702212,957217,898219,951224,827229,095206,833211,965200,214175,15384,79767,99070,20772,13773,83377,72777,76779,02880,33782,23479,76979,94382,32883,95485,76289,21491,309064,28963,23266,99667,77568,99280,99684,93852,389,137,000
       Goodwill 
0
9,395
26,313
4,872
4,872
4,872
4,872
4,872
0
4,872
4,872
4,872
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000000000000000000000000000000000004,8724,8724,87204,8724,8724,8724,8724,87226,3139,3950
       Intangible Assets 
174,063,000
9,853
26,911
5,372
5,344
5,183
5,086
4,979
0
4,927
4,919
4,946
70
91
79
73
63
54
45
39
189
161
161
154
1,216
1,179
1,143
1,107
1,775
1,678
1,633
1,653
1,559
1,462
1,359
1,265
1,206
1,105
1,034
931
847
811
1,843
2,274
4,949
4,730
4,517
4,263
4,232
3,980
3,719
3,689
3,488
3,965
4,427
5,142
5,101
0
5,224
5,259
5,2595,22405,1015,1424,4273,9653,4883,6893,7193,9804,2324,2634,5174,7304,9492,2741,8438118479311,0341,1051,2061,2651,3591,4621,5591,6531,6331,6781,7751,1071,1431,1791,21615416116118939455463737991704,9464,9194,92704,9795,0865,1835,3445,37226,9119,853174,063,000
       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
225,242
228,927
236,799
245,441
0
0
0
0
0
0
0
0
0
0
0
00000000000245,441236,799228,927225,242000000000000000000000000000000000000000000000
> Total Liabilities 
23,507,814,000
21,962
18,474
21,662
21,910
22,182
36,012
19,639
0
18,671
21,016
22,302
22,491
27,848
28,409
24,923
25,629
27,665
27,214
24,695
27,034
31,625
33,885
32,020
32,902
47,602
41,942
48,932
71,841
84,567
85,655
88,211
77,469
83,701
82,077
66,005
67,464
56,260
58,830
56,167
62,602
69,828
73,213
89,514
80,177
88,437
92,565
91,127
92,762
108,867
120,907
121,410
124,781
163,374
196,444
195,627
295,817
0
442,690
521,805
521,805442,6900295,817195,627196,444163,374124,781121,410120,907108,86792,76291,12792,56588,43780,17789,51473,21369,82862,60256,16758,83056,26067,46466,00582,07783,70177,46988,21185,65584,56771,84148,93241,94247,60232,90232,02033,88531,62527,03424,69527,21427,66525,62924,92328,40927,84822,49122,30221,01618,671019,63936,01222,18221,91021,66218,47421,96223,507,814,000
   > Total Current Liabilities 
19,369,994,000
16,617
13,260
14,843
14,866
16,360
31,532
15,268
0
13,952
16,237
17,847
17,514
22,587
23,308
19,820
20,607
22,797
22,190
19,800
21,836
26,979
29,359
27,314
28,518
43,240
37,545
44,381
68,115
80,599
78,948
80,847
69,790
74,260
72,602
56,696
57,241
44,203
47,301
44,342
53,964
60,765
61,240
77,603
67,379
72,602
76,794
73,772
75,491
90,540
101,192
101,569
101,699
137,622
169,844
170,099
264,758
333,912
404,659
478,988
478,988404,659333,912264,758170,099169,844137,622101,699101,569101,19290,54075,49173,77276,79472,60267,37977,60361,24060,76553,96444,34247,30144,20357,24156,69672,60274,26069,79080,84778,94880,59968,11544,38137,54543,24028,51827,31429,35926,97921,83619,80022,19022,79720,60719,82023,30822,58717,51417,84716,23713,952015,26831,53216,36014,86614,84313,26016,61719,369,994,000
       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
2,340
193
102
4
2
0
0
0
0
915
912
0
0
0
0
0
0
0
0
0
0
0
000000000009129150000241021932,34000000000000000000000000000000000000000
       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
2,340
193
102
4
2
0
0
0
0
915
912
3
2
0
0
3
0
4
0
0
0
0
000040300239129150000241021932,34000000000000000000000000000000000000000
       Accounts payable 
4,577,047,000
5,872
5,107
6,032
4,646
7,404
7,130
8,832
0
10,860
12,364
13,607
13,026
15,643
16,261
13,358
15,217
16,345
16,045
14,137
16,100
22,434
21,442
20,508
21,736
30,756
33,009
22,042
43,957
40,316
29,755
27,509
21,008
27,563
27,736
22,337
25,932
31,503
35,182
31,393
42,387
40,426
39,115
49,434
52,284
56,085
52,520
54,889
64,946
65,909
76,074
70,657
80,460
96,593
120,747
116,981
188,157
215,711
291,008
341,279
341,279291,008215,711188,157116,981120,74796,59380,46070,65776,07465,90964,94654,88952,52056,08552,28449,43439,11540,42642,38731,39335,18231,50325,93222,33727,73627,56321,00827,50929,75540,31643,95722,04233,00930,75621,73620,50821,44222,43416,10014,13716,04516,34515,21713,35816,26115,64313,02613,60712,36410,86008,8327,1307,4044,6466,0325,1075,8724,577,047,000
       Other Current Liabilities 
14,607,148,000
10,397
7,796
8,532
10,219
8,955
24,131
6,187
0
2,805
3,593
3,944
4,161
6,623
6,698
6,119
5,328
6,397
6,059
5,606
5,372
4,545
7,917
6,237
6,399
12,072
3,344
21,859
3,796
4,996
4,526
5,106
4,817
4,716
5,458
8,484
6,312
7,236
9,779
12,756
11,474
20,335
11,337
15,924
6,289
2,621
7,910
829
1,539
7,882
10,194
14,006
8,782
19,560
22,126
12,458
51,041
76,126
72,141
91,392
91,39272,14176,12651,04112,45822,12619,5608,78214,00610,1947,8821,5398297,9102,6216,28915,92411,33720,33511,47412,7569,7797,2366,3128,4845,4584,7164,8175,1064,5264,9963,79621,8593,34412,0726,3996,2377,9174,5455,3725,6066,0596,3975,3286,1196,6986,6234,1613,9443,5932,80506,18724,1318,95510,2198,5327,79610,39714,607,148,000
   > 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
15,835
15,771
17,355
17,272
18,327
19,715
19,841
23,082
25,752
26,600
25,528
31,060
0
38,031
42,817
42,81738,031031,06025,52826,60025,75223,08219,84119,71518,32717,27217,35515,77115,835000000000000000000000000000000000000000000000
       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
-2,340
-193
-102
-4
-2
0
0
2,868
3,777
2,689
2,597
3,299
3,364
3,031
5,761
6,199
6,738
6,531
6,273
0
5,414
5,140
5,1405,41406,2736,5316,7386,1995,7613,0313,3643,2992,5972,6893,7772,86800-2-4-102-193-2,34000000000000000000000000000000000000000
> Total Stockholder Equity
97,694,578,000
161,984
187,626
170,337
174,981
189,684
153,541
152,673
152,710
161,216
160,498
170,050
169,705
176,788
186,938
196,125
203,319
211,282
209,558
215,976
221,228
225,048
226,991
238,684
249,885
251,299
252,831
249,293
260,133
252,657
276,262
275,659
281,417
284,739
286,097
282,347
283,785
283,929
284,421
297,301
312,871
329,433
335,216
376,525
407,586
432,343
422,842
434,280
455,995
476,500
487,100
533,345
573,577
624,618
617,982
693,401
887,586
0
1,243,489
1,375,945
1,375,9451,243,4890887,586693,401617,982624,618573,577533,345487,100476,500455,995434,280422,842432,343407,586376,525335,216329,433312,871297,301284,421283,929283,785282,347286,097284,739281,417275,659276,262252,657260,133249,293252,831251,299249,885238,684226,991225,048221,228215,976209,558211,282203,319196,125186,938176,788169,705170,050160,498161,216152,710152,673153,541189,684174,981170,337187,626161,98497,694,578,000
   Common Stock
0
0
0
2,025
2,025
2,835
2,837
2,837
0
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
2,837
75,000
75,000
75,000
75,000
75,000
75,000
75,000
75,000
75,00075,00075,00075,00075,00075,00075,00075,0002,8372,8372,8372,8372,8372,8372,8372,8372,8372,8372,8372,8372,8372,8372,8372,8372,8372,8372,8372,8372,8372,8372,8372,8372,8372,8372,8372,8372,8372,8372,8372,8372,8372,8372,8372,8372,8372,8372,8372,8372,8372,8372,83702,8372,8372,8352,0252,025000
   Retained Earnings 
39,376,535,000
39,357
53,421
54,747
59,392
26,024
46,140
54,214
0
62,757
64,355
73,907
73,562
80,644
90,795
99,981
107,176
115,139
113,415
119,832
125,085
128,905
130,848
142,541
154,002
155,278
156,873
153,324
164,441
156,947
180,503
180,141
186,121
191,190
190,971
187,229
188,977
190,610
190,541
203,483
218,258
234,911
240,595
281,668
312,745
308,492
294,779
307,077
362,085
382,283
393,411
439,757
480,566
531,320
525,660
601,163
799,245
1,089,431
1,157,500
1,294,140
1,294,1401,157,5001,089,431799,245601,163525,660531,320480,566439,757393,411382,283362,085307,077294,779308,492312,745281,668240,595234,911218,258203,483190,541190,610188,977187,229190,971191,190186,121180,141180,503156,947164,441153,324156,873155,278154,002142,541130,848128,905125,085119,832113,415115,139107,17699,98190,79580,64473,56273,90764,35562,757054,21446,14026,02459,39254,74753,42139,35739,376,535,000
   Capital Surplus 000000000000000000000000000000000000000000000000000000000000
   Treasury Stock000000000000000000000000000000000000000000000000000000000000
   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
91,036
90,974
91,768
91,678
91,776
92,013
91,996
91,387
92,163
91,302
91,066
91,373
90,845
90,743
18,004
18,290
17,315
17,231
13,334
13,510
10,982
6,798
6,79810,98213,51013,33417,23117,31518,29018,00490,74390,84591,37391,06691,30292,16391,38791,99692,01391,77691,67891,76890,97491,03600000000000000000000000000000000000000



Balance Sheet

Currency in TRY. All numbers in thousands.




Cash Flow

Currency in TRY. All numbers in thousands.




Income Statement

Currency in TRY. All numbers in thousands.