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Koc Holding AS
Buy, Hold or Sell?

Let's analyse Koc together

PenkeI guess you are interested in Koc Holding 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 Koc Holding 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 Koc (30 sec.)










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

How much money do you get?

How much money do you get?
‚āļ0.29
When do you have the money?
1 year
How often do you get paid?
92.5%

What is your share worth?

Current worth
‚āļ265.98
Expected worth in 1 year
‚āļ434.45
How sure are you?
90.0%

+ What do you gain per year?

Total Gains per Share
‚āļ177.93
Return On Investment
81.8%

For what price can you sell your share?

Current Price per Share
‚āļ217.50
Expected price per share
‚āļ170.61 - ‚āļ270.75
How sure are you?
50%

1. Valuation of Koc (5 min.)




Live pricePrice per Share (EOD)

‚āļ217.50

Intrinsic Value Per Share

‚āļ316.46 - ‚āļ358.37

Total Value Per Share

‚āļ582.45 - ‚āļ624.35

2. Growth of Koc (5 min.)




Is Koc growing?

Current yearPrevious yearGrowGrow %
How rich?$20.5b$5.7b$6.2b51.9%

How much money is Koc making?

Current yearPrevious yearGrowGrow %
Making money$550.7m$532.2m$18.4m3.4%
Net Profit Margin6.0%7.4%--

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

3. Financial Health of Koc (5 min.)




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




  Industry Rankings (Conglomerates)  


Richest
#19 / 244

Most Revenue
#18 / 244

Most Profit
#17 / 244

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

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

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

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

Speculation

The Price per Share of Koc is ‚āļ217.50. 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 Koc.
  • 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 Koc, 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 ‚āļ265.98. Based on the TTM, the Book Value Change Per Share is ‚āļ42.12 per quarter. Based on the YOY, the Book Value Change Per Share is ‚āļ12.44 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 ‚āļ2.36 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Koc.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 ‚āļ% of Price per Share‚āļ% of Price per Share‚āļ% of Price per Share‚āļ% of Price per Share‚āļ% of Price per Share
Usd Eps-0.020.0%0.220.1%0.210.1%0.100.0%0.060.0%
Usd Book Value Change Per Share3.911.8%1.280.6%0.380.2%0.380.2%0.190.1%
Usd Dividend Per Share0.120.1%0.070.0%0.050.0%0.030.0%0.020.0%
Usd Total Gains Per Share4.031.9%1.360.6%0.430.2%0.410.2%0.210.1%
Usd Price Per Share4.32-3.57-1.57-1.38-0.90-
Price to Earnings Ratio-62.19--13.39-2.15-1.92-5.64-
Price-to-Total Gains Ratio1.07-6.89-3.87-8.60-0.30-
Price to Book Ratio0.53-0.82-0.68-0.71-0.84-
Price-to-Total Gains Ratio1.07-6.89-3.87-8.60-0.30-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share6.63375
Number of shares150
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.070.03
Usd Book Value Change Per Share1.280.38
Usd Total Gains Per Share1.360.41
Gains per Quarter (150 shares)203.5161.46
Gains per Year (150 shares)814.02245.82
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
14377180419226236
2871542161839453482
31302312243258679728
41733083324678906974
5216385440609711321220
62604625487411613591466
73035395568813615851712
83466166650215518111958
93896937731617520382204
104337708813019422642450

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%39.01.00.097.5%76.01.03.095.0%
Book Value Change Per Share4.00.00.0100.0%12.00.00.0100.0%19.01.00.095.0%35.05.00.087.5%67.013.00.083.8%
Dividend per Share4.00.00.0100.0%12.00.00.0100.0%18.00.02.090.0%37.00.03.092.5%71.00.09.088.8%
Total Gains per Share4.00.00.0100.0%12.00.00.0100.0%19.01.00.095.0%36.04.00.090.0%70.010.00.087.5%

Fundamentals of Koc

About Koc Holding AS

Ko√ß Holding A.S., through its subsidiaries, engages in the energy, automotive, consumer durables, finance, and other businesses in Turkey and internationally. The company's energy business operates petroleum refineries; distributes petroleum products and liquefied petroleum gases; and generates electricity through hydroelectric, natural gas, coal, wind, thermal, and solar power and other renewable plants. It serves customers under the Akpa, Aygaz, Lipetgaz, Mogaz, P√ľrsu, Aygaz Dogal Gaz, Demir-Export, Ditas, Aygaz Otogaz +, Opet Fuchs, Opet, THY Opet, T√ľpras, K√∂rfez Ulastirma, and Entek Bregenz brands. The company's automotive business provides light commercial vehicles, passenger cars, tractors, buses, and trucks, as well as offers automotive retailing and car rental services. It serves customers under the Ford, Ko√ß Fiat Kredi, Otokar, Avis, Birmot, Budget, Otoko√ß, Otoko√ß Otomotiv, Otoko√ß Sigorta, Alfa Romeo, Ferrari, Fiat, Lancia, Maserati, Otoeksper, Tofas, Case IH, and T√ľrkTrakt√∂r brands. The company's consumer durables business offers white appliances, televisions, and air conditioners under the Ar√ßelik, Beko, Leisure, Arctic, Altus, Grundig, Blomberg, Defy, Elektra Bregenz, Flavel, Ar√ßelik LG, TEE, and WAT brands. Its finance business provides various banking and financial products and services that include private banking, factoring, leasing, portfolio management, investment, and credit cards; and payment solutions under the Ko√ßfinans, Token, akpakoc, Kocfinans, Yapi Kredi Faktoring, Yapi Kredi, Yapi Kredi Leasing, Yapi Kredi K√ľlt√ľr Sanat Yayincilik, Yapi Kredi Portf√∂y Y√∂netimi, Yapi Kredi Yatirim, and Yapi Kredi Koray brands. The company's other business offers tomato products and pastes, canned pickles, and ketchups; and ship construction, tourism, and information technology services under various brand names. Ko√ß Holding A.S. was founded in 1926 and is based in Istanbul, Turkey.

Fundamental data was last updated by Penke on 2024-06-07 21:48:02.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a profit.
Using its assets, the company is inefficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just not 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 cheap.
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 Koc Holding AS.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit¬†Koc earns for each ₤1 of revenue.

  • Above 10% is considered healthy but always compare¬†Koc to the¬†Conglomerates industry mean.
  • A Net Profit Margin of -0.2%¬†means that¬†₤0.00 for each ₤1¬†in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Koc Holding AS:

  • The MRQ is -0.2%. The company is not making a profit/loss.
  • The TTM is 6.0%. The company is making a profit. +1
Trends
Current periodCompared to+/- 
MRQ-0.2%TTM6.0%-6.2%
TTM6.0%YOY7.4%-1.3%
TTM6.0%5Y5.1%+0.9%
5Y5.1%10Y4.8%+0.3%
Compared to industry (Conglomerates)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.2%3.8%-4.0%
TTM6.0%4.2%+1.8%
YOY7.4%4.0%+3.4%
5Y5.1%3.4%+1.7%
10Y4.8%3.8%+1.0%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy¬†but always compare¬†Koc to the¬†Conglomerates industry mean.
  • -0.1% Return on Assets means that¬†Koc generated¬†₤0.00 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Koc Holding AS:

  • The MRQ is -0.1%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is 0.9%. Using its assets, the company is inefficient in making profit. -1
Trends
Current periodCompared to+/- 
MRQ-0.1%TTM0.9%-0.9%
TTM0.9%YOY1.2%-0.3%
TTM0.9%5Y0.7%+0.1%
5Y0.7%10Y0.9%-0.2%
Compared to industry (Conglomerates)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.1%0.7%-0.8%
TTM0.9%0.7%+0.2%
YOY1.2%0.8%+0.4%
5Y0.7%0.7%+0.0%
10Y0.9%0.7%+0.2%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare¬†Koc to the¬†Conglomerates industry mean.
  • -0.4% Return on Equity means Koc generated ₤0.00¬†for each¬†₤1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Koc Holding AS:

  • The MRQ is -0.4%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is 9.6%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ-0.4%TTM9.6%-10.0%
TTM9.6%YOY14.8%-5.2%
TTM9.6%5Y8.0%+1.7%
5Y8.0%10Y6.0%+2.0%
Compared to industry (Conglomerates)
PeriodCompanyIndustry (mean)+/- 
MRQ-0.4%1.6%-2.0%
TTM9.6%1.9%+7.7%
YOY14.8%2.5%+12.3%
5Y8.0%1.8%+6.2%
10Y6.0%2.0%+4.0%

1.2. Operating Efficiency of Koc Holding AS.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Koc is operating .

  • Measures how much profit Koc 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¬†Koc to the¬†Conglomerates 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 Koc Holding AS:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM7.4%-7.4%
TTM7.4%YOY16.0%-8.6%
TTM7.4%5Y10.9%-3.5%
5Y10.9%10Y6.8%+4.1%
Compared to industry (Conglomerates)
PeriodCompanyIndustry (mean)+/- 
MRQ-7.7%-7.7%
TTM7.4%3.2%+4.2%
YOY16.0%5.8%+10.2%
5Y10.9%5.2%+5.7%
10Y6.8%5.3%+1.5%
1.2.2. Operating Ratio

Measures how efficient Koc is keeping operating costs low.

  • Below 1 is considered healthy (always compare to¬†Conglomerates industry mean).
  • An Operation Ratio of 1.72 means that the operating costs are ₤1.72 for each ₤1 in net sales.

Let's take a look of the Operating Ratio trends of Koc Holding AS:

  • The MRQ is 1.720. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.610. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.720TTM1.610+0.110
TTM1.610YOY1.594+0.016
TTM1.6105Y1.672-0.062
5Y1.67210Y1.412+0.259
Compared to industry (Conglomerates)
PeriodCompanyIndustry (mean)+/- 
MRQ1.7201.444+0.276
TTM1.6101.441+0.169
YOY1.5941.393+0.201
5Y1.6721.358+0.314
10Y1.4121.169+0.243

1.3. Liquidity of Koc Holding AS.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to¬†Conglomerates industry mean).
  • A Current Ratio of 0.92¬†means the company has ₤0.92 in assets for each ₤1 in short-term debts.

Let's take a look of the Current Ratio trends of Koc Holding AS:

  • The MRQ is 0.918. The company is just not able to pay all its short-term debts. -1
  • The TTM is 0.877. The company is just not able to pay all its short-term debts. -1
Trends
Current periodCompared to+/- 
MRQ0.918TTM0.877+0.041
TTM0.877YOY0.834+0.043
TTM0.8775Y0.962-0.085
5Y0.96210Y0.734+0.228
Compared to industry (Conglomerates)
PeriodCompanyIndustry (mean)+/- 
MRQ0.9181.543-0.625
TTM0.8771.485-0.608
YOY0.8341.496-0.662
5Y0.9621.580-0.618
10Y0.7341.492-0.758
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but¬†always compare¬†Koc to the¬†Conglomerates industry mean.
  • A Quick Ratio of 0.18¬†means the company can pay off ₤0.18 for each ₤1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Koc Holding AS:

  • The MRQ is 0.182. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.408. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.182TTM0.408-0.226
TTM0.408YOY0.601-0.192
TTM0.4085Y0.498-0.089
5Y0.49810Y0.503-0.006
Compared to industry (Conglomerates)
PeriodCompanyIndustry (mean)+/- 
MRQ0.1820.713-0.531
TTM0.4080.703-0.295
YOY0.6010.817-0.216
5Y0.4980.867-0.369
10Y0.5030.870-0.367

1.4. Solvency of Koc Holding AS.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare¬†Koc to Conglomerates industry mean.
  • A Debt to Asset Ratio of 0.76¬†means that Koc assets are¬†financed with 76.4% credit (debt) and the remaining percentage (100% - 76.4%)¬†is financed by its owners/shareholders.¬†

Let's take a look of the Debt to Asset Ratio trends of Koc Holding AS:

  • The MRQ is 0.764. The company is just able to pay all its debts by selling its assets.
  • The TTM is 0.829. The company is just able to pay all its debts by selling its assets.
Trends
Current periodCompared to+/- 
MRQ0.764TTM0.829-0.065
TTM0.829YOY0.866-0.037
TTM0.8295Y0.822+0.007
5Y0.82210Y0.703+0.120
Compared to industry (Conglomerates)
PeriodCompanyIndustry (mean)+/- 
MRQ0.7640.542+0.222
TTM0.8290.552+0.277
YOY0.8660.567+0.299
5Y0.8220.572+0.250
10Y0.7030.559+0.144
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but¬†always compare¬†Koc to the¬†Conglomerates industry mean.
  • A Debt to Equity ratio of 539.8% means that company has ₤5.40 debt for each ₤1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Koc Holding AS:

  • The MRQ is 5.398. The company is unable to pay all its debts with equity. -1
  • The TTM is 8.256. The company is unable to pay all its debts with equity. -1
Trends
Current periodCompared to+/- 
MRQ5.398TTM8.256-2.858
TTM8.256YOY11.211-2.955
TTM8.2565Y9.437-1.181
5Y9.43710Y5.726+3.711
Compared to industry (Conglomerates)
PeriodCompanyIndustry (mean)+/- 
MRQ5.3981.295+4.103
TTM8.2561.306+6.950
YOY11.2111.459+9.752
5Y9.4371.596+7.841
10Y5.7261.550+4.176

2. Market Valuation of Koc Holding 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 Koc generates.

  • Above 15 is considered overpriced but¬†always compare¬†Koc to the¬†Conglomerates industry mean.
  • A PE ratio of -62.19 means the investor is paying ₤-62.19¬†for every ₤1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Koc Holding AS:

  • The EOD is -95.392. Based on the earnings, the company is expensive. -2
  • The MRQ is -62.191. Based on the earnings, the company is expensive. -2
  • The TTM is -13.387. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-95.392MRQ-62.191-33.201
MRQ-62.191TTM-13.387-48.804
TTM-13.387YOY2.151-15.538
TTM-13.3875Y1.919-15.307
5Y1.91910Y5.639-3.719
Compared to industry (Conglomerates)
PeriodCompanyIndustry (mean)+/- 
EOD-95.3928.136-103.528
MRQ-62.1918.699-70.890
TTM-13.3878.819-22.206
YOY2.1516.924-4.773
5Y1.9197.845-5.926
10Y5.63914.277-8.638
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Koc Holding AS:

  • The EOD is 19.469. Based on how much money comes from the company's main activities, the company is underpriced. +1
  • The MRQ is 12.693. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 3.851. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD19.469MRQ12.693+6.776
MRQ12.693TTM3.851+8.842
TTM3.851YOY1.933+1.919
TTM3.8515Y1.078+2.773
5Y1.07810Y0.539+0.539
Compared to industry (Conglomerates)
PeriodCompanyIndustry (mean)+/- 
EOD19.4690.592+18.877
MRQ12.6931.011+11.682
TTM3.8511.276+2.575
YOY1.9330.203+1.730
5Y1.0780.437+0.641
10Y0.5390.051+0.488
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy¬†(always compare to Conglomerates industry mean).
  • A PB ratio of 0.53 means the investor is paying ₤0.53¬†for each ₤1 in book value.

Let's take a look of the Price to Book Ratio trends of Koc Holding AS:

  • The EOD is 0.818. Based on the equity, the company is cheap. +2
  • The MRQ is 0.533. Based on the equity, the company is cheap. +2
  • The TTM is 0.817. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.818MRQ0.533+0.285
MRQ0.533TTM0.817-0.283
TTM0.817YOY0.678+0.139
TTM0.8175Y0.707+0.109
5Y0.70710Y0.839-0.132
Compared to industry (Conglomerates)
PeriodCompanyIndustry (mean)+/- 
EOD0.8180.842-0.024
MRQ0.5330.929-0.396
TTM0.8170.920-0.103
YOY0.6780.967-0.289
5Y0.7071.181-0.474
10Y0.8391.371-0.532
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Koc Holding 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--128.22842.118+204%12.439+931%12.373+936%6.391+1906%
Book Value Per Share--265.984154.649+72%74.383+258%64.108+315%39.062+581%
Current Ratio--0.9180.877+5%0.834+10%0.962-5%0.734+25%
Debt To Asset Ratio--0.7640.829-8%0.866-12%0.822-7%0.703+9%
Debt To Equity Ratio--5.3988.256-35%11.211-52%9.437-43%5.726-6%
Dividend Per Share--3.9172.365+66%1.553+152%1.060+270%0.630+521%
Eps---0.5707.123-108%6.884-108%3.370-117%1.884-130%
Free Cash Flow Per Share--2.79326.699-90%8.667-68%10.082-72%10.082-72%
Free Cash Flow To Equity Per Share--2.79323.125-88%8.733-68%9.189-70%9.189-70%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--358.366--------
Intrinsic Value_10Y_min--316.463--------
Intrinsic Value_1Y_max--49.884--------
Intrinsic Value_1Y_min--49.007--------
Intrinsic Value_3Y_max--139.232--------
Intrinsic Value_3Y_min--133.138--------
Intrinsic Value_5Y_max--215.743--------
Intrinsic Value_5Y_min--201.163--------
Market Cap551364685440.000+35%359464424806.400297047932132.225+21%130147415864.320+176%114451569782.259+214%74453599561.115+383%
Net Profit Margin---0.0020.060-103%0.074-103%0.051-104%0.048-104%
Operating Margin---0.074-100%0.160-100%0.109-100%0.068-100%
Operating Ratio--1.7201.610+7%1.594+8%1.672+3%1.412+22%
Pb Ratio0.818+35%0.5330.817-35%0.678-21%0.707-25%0.839-36%
Pe Ratio-95.392-53%-62.191-13.387-78%2.151-2991%1.919-3340%5.639-1203%
Price Per Share217.500+35%141.800117.175+21%51.340+176%45.144+214%29.362+383%
Price To Free Cash Flow Ratio19.469+35%12.6933.851+230%1.933+557%1.078+1077%0.539+2254%
Price To Total Gains Ratio1.646+35%1.0736.886-84%3.872-72%8.604-88%0.303+254%
Quick Ratio--0.1820.408-55%0.601-70%0.498-63%0.503-64%
Return On Assets---0.0010.009-106%0.012-104%0.007-107%0.009-105%
Return On Equity---0.0040.096-104%0.148-102%0.080-104%0.060-106%
Total Gains Per Share--132.14544.482+197%13.992+844%13.433+884%7.022+1782%
Usd Book Value--20565296000.00011957372500.000+72%5751105627.625+258%4957179367.025+315%3020873400.513+581%
Usd Book Value Change Per Share--3.9111.285+204%0.379+931%0.377+936%0.195+1906%
Usd Book Value Per Share--8.1134.717+72%2.269+258%1.955+315%1.191+581%
Usd Dividend Per Share--0.1190.072+66%0.047+152%0.032+270%0.019+521%
Usd Eps---0.0170.217-108%0.210-108%0.103-117%0.057-130%
Usd Free Cash Flow--215940000.0002064400125.000-90%670107875.000-68%623638117.700-65%311819058.850-31%
Usd Free Cash Flow Per Share--0.0850.814-90%0.264-68%0.307-72%0.307-72%
Usd Free Cash Flow To Equity Per Share--0.0850.705-88%0.266-68%0.280-70%0.280-70%
Usd Market Cap16816622905.920+35%10963664956.5959059961930.033+21%3969496183.862+176%3490772878.359+214%2270834786.614+383%
Usd Price Per Share6.634+35%4.3253.574+21%1.566+176%1.377+214%0.896+383%
Usd Profit---44072500.000550753750.000-108%532270750.000-108%260610971.000-117%145695403.488-130%
Usd Revenue--21909034500.00012235433375.000+79%6876659625.000+219%4865491127.125+350%2777470500.538+689%
Usd Total Gains Per Share--4.0301.357+197%0.427+844%0.410+884%0.214+1782%
 EOD+5 -3MRQTTM+18 -17YOY+18 -175Y+17 -1810Y+18 -17

3.2. Fundamental Score

Let's check the fundamental score of Koc Holding AS based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-95.392
Price to Book Ratio (EOD)Between0-10.818
Net Profit Margin (MRQ)Greater than0-0.002
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.182
Current Ratio (MRQ)Greater than10.918
Debt to Asset Ratio (MRQ)Less than10.764
Debt to Equity Ratio (MRQ)Less than15.398
Return on Equity (MRQ)Greater than0.15-0.004
Return on Assets (MRQ)Greater than0.05-0.001
Total2/10 (20.0%)

3.3. Technical Score

Let's check the technical score of Koc Holding AS based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5041.052
Ma 20Greater thanMa 50235.288
Ma 50Greater thanMa 100226.690
Ma 100Greater thanMa 200197.018
OpenGreater thanClose226.000
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
Net Income  27,783,671-11,011,67116,772,0003,828,00020,600,00015,703,00036,303,000-37,748,000-1,445,000



Latest Balance Sheet

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

Summary
Total Assets2,858,965,000
Total Liabilities2,184,693,000
Total Stockholder Equity404,729,000
 As reported
Total Liabilities 2,184,693,000
Total Stockholder Equity+ 404,729,000
Total Assets = 2,858,965,000

Assets

Total Assets2,858,965,000
Total Current Assets1,712,378,000
Long-term Assets1,146,587,000
Total Current Assets
Cash And Cash Equivalents 289,405,000
Short-term Investments 196,886,000
Net Receivables 143,442,000
Inventory 115,828,000
Other Current Assets 20,939,000
Total Current Assets  (as reported)1,712,378,000
Total Current Assets  (calculated)766,500,000
+/- 945,878,000
Long-term Assets
Property Plant Equipment 275,854,000
Goodwill 48,499,000
Intangible Assets 48,103,000
Long-term Assets Other 10,301,000
Long-term Assets  (as reported)1,146,587,000
Long-term Assets  (calculated)382,757,000
+/- 763,830,000

Liabilities & Shareholders' Equity

Total Current Liabilities1,865,813,000
Long-term Liabilities318,880,000
Total Stockholder Equity404,729,000
Total Current Liabilities
Short Long Term Debt 361,430,000
Accounts payable 186,649,000
Other Current Liabilities 1,233,794,000
Total Current Liabilities  (as reported)1,865,813,000
Total Current Liabilities  (calculated)1,781,873,000
+/- 83,940,000
Long-term Liabilities
Long term Debt 240,926,000
Capital Lease Obligations Min Short Term Debt6,467,000
Long-term Liabilities Other 4,740,000
Long-term Liabilities  (as reported)318,880,000
Long-term Liabilities  (calculated)252,133,000
+/- 66,747,000
Total Stockholder Equity
Retained Earnings 340,741,000
Total Stockholder Equity (as reported)404,729,000
Total Stockholder Equity (calculated)340,741,000
+/- 63,988,000
Other
Capital Stock2,536,000
Common Stock Shares Outstanding 2,535,008
Net Debt 312,951,000
Net Invested Capital 1,007,085,000
Net Working Capital -153,435,000
Property Plant and Equipment Gross 484,524,000



Balance Sheet

Currency in TRY. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-06-302007-03-312006-12-312006-09-302006-06-302006-03-312005-12-312005-09-302005-06-302005-03-312004-12-312004-09-302004-06-302004-03-312003-12-312003-06-302002-12-312002-06-30
> Total Assets 
19,230,000,000,000
11,997,677,000,000
13,307,000,000,000
14,546,135,000,000
15,527,431,000,000
17,180,403,000,000
18,589,929,000,000
19,108,793,000,000
19,584,176
20,519,540
34,450,020
36,681,953
46,524,052
53,878,123
56,054,481
57,252,851
56,680,555
58,202,298
58,295,200
59,707,085
64,069,251
66,594,552
65,202,307
64,890,083
65,168,089
65,328,896
66,445,419
66,386,432
70,367,238
74,181,411
74,219,808
81,142,517
84,941,720
90,243,440
96,300,717
98,621,087
101,210,773
104,027,752
107,431,113
109,067,026
50,583,507
54,150,901
58,892,309
58,789,960
60,956,527
60,637,307
63,794,216
63,941,008
65,910,051
68,219,962
73,447,034
72,984,902
76,089,184
78,817,786
83,939,239
88,071,112
93,354,789
93,032,116
100,013,920
104,064,368
110,507,829
118,595,558
138,791,329
125,275,881
144,711,996
148,827,320
146,715,063
151,343,588
553,711,160
570,804,848
628,653,005
630,100,544
692,863,528
736,300,356
776,264,129
1,020,553,307
1,158,160,976
1,345,975,243
1,470,680,695
1,582,594,000
1,666,316,000
1,999,205,000
2,331,225,000
2,858,965,000
2,858,965,0002,331,225,0001,999,205,0001,666,316,0001,582,594,0001,470,680,6951,345,975,2431,158,160,9761,020,553,307776,264,129736,300,356692,863,528630,100,544628,653,005570,804,848553,711,160151,343,588146,715,063148,827,320144,711,996125,275,881138,791,329118,595,558110,507,829104,064,368100,013,92093,032,11693,354,78988,071,11283,939,23978,817,78676,089,18472,984,90273,447,03468,219,96265,910,05163,941,00863,794,21660,637,30760,956,52758,789,96058,892,30954,150,90150,583,507109,067,026107,431,113104,027,752101,210,77398,621,08796,300,71790,243,44084,941,72081,142,51774,219,80874,181,41170,367,23866,386,43266,445,41965,328,89665,168,08964,890,08365,202,30766,594,55264,069,25159,707,08558,295,20058,202,29856,680,55557,252,85156,054,48153,878,12346,524,05236,681,95334,450,02020,519,54019,584,17619,108,793,000,00018,589,929,000,00017,180,403,000,00015,527,431,000,00014,546,135,000,00013,307,000,000,00011,997,677,000,00019,230,000,000,000
   > 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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
44,759,933
50,583,931
52,950,143
56,724,611
60,660,366
77,144,019
64,765,742
81,544,520
83,409,100
81,040,721
82,228,762
301,749,263
310,164,894
346,904,009
341,574,474
383,851,758
409,340,155
434,896,265
605,974,596
684,046,709
817,497,909
909,383,646
982,090,000
1,033,128,000
1,238,699,000
1,503,036,000
1,712,378,000
1,712,378,0001,503,036,0001,238,699,0001,033,128,000982,090,000909,383,646817,497,909684,046,709605,974,596434,896,265409,340,155383,851,758341,574,474346,904,009310,164,894301,749,26382,228,76281,040,72183,409,10081,544,52064,765,74277,144,01960,660,36656,724,61152,950,14350,583,93144,759,933000000000000000000000000000000000000000000000000000000000
       Cash And Cash Equivalents 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
15,910,549
18,433,862
20,850,437
21,004,679
19,585,856
27,869,940
24,577,490
36,305,555
34,701,485
33,780,736
37,816,360
53,092,468
53,062,216
104,567,465
86,813,265
68,837,959
70,088,555
126,991,724
144,718,159
106,811,660
117,659,236
88,555,482
151,618,000
166,139,000
205,391,000
248,208,000
289,405,000
289,405,000248,208,000205,391,000166,139,000151,618,00088,555,482117,659,236106,811,660144,718,159126,991,72470,088,55568,837,95986,813,265104,567,46553,062,21653,092,46837,816,36033,780,73634,701,48536,305,55524,577,49027,869,94019,585,85621,004,67920,850,43718,433,86215,910,549000000000000000000000000000000000000000000000000000000000
       Short-term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
49,499
51,913
54,364
0
0
0
0
7,454,392
11,133,988
9,793,871
6,126,643
9,755,930
9,746,610
10,010,544
14,482,812
11,311,060
16,524,503
156,403,757
155,104,000
146,560,000
168,996,000
272,101,000
196,886,000
196,886,000272,101,000168,996,000146,560,000155,104,000156,403,75716,524,50311,311,06014,482,81210,010,5449,746,6109,755,9306,126,6439,793,87111,133,9887,454,392000054,36451,91349,4990000000000000000000000000000000000000000000000000000000000000
       Net Receivables 
2,362,000,000,000
2,092,562,000,000
2,402,000,000,000
3,975,452,000,000
2,493,621,000,000
3,095,104,000,000
3,443,528,000,000
5,270,033,000,000
5,607,744
6,116,799
9,930,453
11,122,400
11,716,837
14,184,682
14,616,527
14,057,507
13,883,590
15,826,144
16,294,067
16,116,125
18,474,035
19,291,201
19,420,682
18,774,033
18,326,745
17,908,637
17,899,965
16,856,661
17,305,796
20,477,837
19,434,978
20,773,481
21,661,213
26,285,498
29,387,628
28,048,177
28,764,849
30,132,311
31,100,236
31,738,487
9,097,301
9,970,515
10,329,442
9,462,608
9,456,379
9,062,720
9,476,559
8,645,692
9,073,008
10,447,876
13,146,451
11,850,560
11,250,351
12,274,706
12,778,513
14,508,865
15,448,623
16,550,132
19,158,449
18,906,453
19,347,306
22,457,828
27,879,320
21,826,093
19,443,029
23,342,978
20,952,539
23,434,476
197,332,414
205,195,192
220,072,697
206,834,951
247,318,414
265,705,990
291,006,044
339,085,510
440,266,009
517,285,833
588,868,262
573,331,000
540,412,000
776,849,000
131,460,000
143,442,000
143,442,000131,460,000776,849,000540,412,000573,331,000588,868,262517,285,833440,266,009339,085,510291,006,044265,705,990247,318,414206,834,951220,072,697205,195,192197,332,41423,434,47620,952,53923,342,97819,443,02921,826,09327,879,32022,457,82819,347,30618,906,45319,158,44916,550,13215,448,62314,508,86512,778,51312,274,70611,250,35111,850,56013,146,45110,447,8769,073,0088,645,6929,476,5599,062,7209,456,3799,462,60810,329,4429,970,5159,097,30131,738,48731,100,23630,132,31128,764,84928,048,17729,387,62826,285,49821,661,21320,773,48119,434,97820,477,83717,305,79616,856,66117,899,96517,908,63718,326,74518,774,03319,420,68219,291,20118,474,03516,116,12516,294,06715,826,14413,883,59014,057,50714,616,52714,184,68211,716,83711,122,4009,930,4536,116,7995,607,7445,270,033,000,0003,443,528,000,0003,095,104,000,0002,493,621,000,0003,975,452,000,0002,402,000,000,0002,092,562,000,0002,362,000,000,000
       Other Current Assets 
928,000,000,000
123,373,000,000
524,000,000,000
149,195,000,000
1,845,109,000,000
1,971,925,000,000
2,188,108,000,000
418,155,000,000
291,362
277,103
427,212
689,329
356,088
505,332
543,673
516,094
534,661
627,086
578,180
3,265,086
5,051,923
2,522,515
1,702,169
932,052
993,652
1,069,739
1,406,553
1,328,219
1,819,048
1,777,722
1,917,746
2,127,437
1,855,370
1,804,546
2,656,727
2,025,641
2,053,577
2,038,819
2,227,308
2,235,765
824,658
1,028,902
935,984
957,202
954,045
1,075,847
1,166,102
805,848
1,197,396
2,321,163
2,566,601
1,908,557
1,937,521
2,101,968
2,006,418
1,475,735
2,071,327
2,899,803
2,670,891
2,154,895
3,205,716
3,345,837
3,613,361
3,543,967
184,517
200,437
193,568
2,946,626
25,204,833
20,933,465
44,853,487
46,021,578
28,560,685
27,339,054
27,759,253
107,968,165
44,479,806
68,087,004
68,583,905
116,851,000
221,486,000
82,954,000
14,448,000
20,939,000
20,939,00014,448,00082,954,000221,486,000116,851,00068,583,90568,087,00444,479,806107,968,16527,759,25327,339,05428,560,68546,021,57844,853,48720,933,46525,204,8332,946,626193,568200,437184,5173,543,9673,613,3613,345,8373,205,7162,154,8952,670,8912,899,8032,071,3271,475,7352,006,4182,101,9681,937,5211,908,5572,566,6012,321,1631,197,396805,8481,166,1021,075,847954,045957,202935,9841,028,902824,6582,235,7652,227,3082,038,8192,053,5772,025,6412,656,7271,804,5461,855,3702,127,4371,917,7461,777,7221,819,0481,328,2191,406,5531,069,739993,652932,0521,702,1692,522,5155,051,9233,265,086578,180627,086534,661516,094543,673505,332356,088689,329427,212277,103291,362418,155,000,0002,188,108,000,0001,971,925,000,0001,845,109,000,000149,195,000,000524,000,000,000123,373,000,000928,000,000,000
   > 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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
63,167,476
65,418,220
65,674,342
69,114,826
251,961,897
260,639,954
281,748,996
288,526,070
309,011,770
326,960,201
341,367,864
414,578,711
474,114,267
528,477,334
561,297,049
600,504,000
633,188,000
760,506,000
828,189,000
1,146,587,000
1,146,587,000828,189,000760,506,000633,188,000600,504,000561,297,049528,477,334474,114,267414,578,711341,367,864326,960,201309,011,770288,526,070281,748,996260,639,954251,961,89769,114,82665,674,34265,418,22063,167,4760000000000000000000000000000000000000000000000000000000000000000
       Property Plant Equipment 
3,607,000,000,000
3,261,515,000,000
3,409,000,000,000
3,570,504,000,000
3,822,856,000,000
3,881,578,000,000
3,926,071,000,000
4,051,608,000,000
4,029,086
4,032,010
4,790,807
5,097,645
7,383,857
7,678,138
10,501,931
10,548,175
10,599,939
10,734,358
10,719,159
9,887,240
9,979,187
10,040,865
10,163,613
10,453,708
10,507,601
10,430,024
10,627,892
10,629,539
10,578,358
10,489,426
10,462,705
10,445,852
10,538,228
10,623,087
10,771,212
11,536,650
12,087,740
12,712,908
13,241,616
14,266,871
12,151,009
13,150,521
14,046,896
14,875,039
15,509,522
16,023,310
16,932,368
18,035,294
18,716,108
18,491,247
18,822,579
19,127,538
18,930,894
19,300,558
19,437,327
19,840,024
19,884,930
19,980,458
20,421,622
21,486,258
24,472,821
25,190,158
26,682,352
26,396,819
28,023,537
29,007,791
28,913,532
30,153,905
35,084,939
35,557,260
37,027,667
38,520,817
39,698,924
41,460,968
43,669,425
51,167,683
55,122,961
59,902,186
66,058,393
73,026,000
79,226,000
95,011,000
104,321,000
275,854,000
275,854,000104,321,00095,011,00079,226,00073,026,00066,058,39359,902,18655,122,96151,167,68343,669,42541,460,96839,698,92438,520,81737,027,66735,557,26035,084,93930,153,90528,913,53229,007,79128,023,53726,396,81926,682,35225,190,15824,472,82121,486,25820,421,62219,980,45819,884,93019,840,02419,437,32719,300,55818,930,89419,127,53818,822,57918,491,24718,716,10818,035,29416,932,36816,023,31015,509,52214,875,03914,046,89613,150,52112,151,00914,266,87113,241,61612,712,90812,087,74011,536,65010,771,21210,623,08710,538,22810,445,85210,462,70510,489,42610,578,35810,629,53910,627,89210,430,02410,507,60110,453,70810,163,61310,040,8659,979,1879,887,24010,719,15910,734,35810,599,93910,548,17510,501,9317,678,1387,383,8575,097,6454,790,8074,032,0104,029,0864,051,608,000,0003,926,071,000,0003,881,578,000,0003,822,856,000,0003,570,504,000,0003,409,000,000,0003,261,515,000,0003,607,000,000,000
       Goodwill 
0
161,268,000,000
0
314,743,000,000
0
0
0
308,425,000,000
308,425
308,425
754,444
1,067,605
5,121,828
5,463,879
4,249,787
3,800,853
3,800,853
3,809,293
3,815,701
3,524,486
3,536,910
3,537,124
3,537,562
3,533,680
3,533,952
3,533,699
3,533,740
3,517,860
3,517,653
3,517,403
3,517,506
3,526,351
3,608,754
3,609,379
3,608,931
3,761,648
3,760,404
3,786,932
3,782,570
3,833,043
2,902,027
2,899,485
2,906,615
2,909,169
2,911,508
2,905,984
2,907,162
2,905,658
2,918,072
2,924,059
2,924,541
2,899,913
2,900,908
2,903,640
2,923,481
3,130,215
3,157,080
3,140,523
3,136,751
3,174,575
3,197,694
3,213,505
3,347,872
3,244,429
3,274,388
3,556,737
3,492,800
3,545,249
3,539,485
3,589,679
3,716,847
3,725,523
3,858,299
4,264,632
6,105,111
5,581,511
6,008,003
6,257,257
6,438,961
6,519,000
7,027,000
8,002,000
8,314,000
48,499,000
48,499,0008,314,0008,002,0007,027,0006,519,0006,438,9616,257,2576,008,0035,581,5116,105,1114,264,6323,858,2993,725,5233,716,8473,589,6793,539,4853,545,2493,492,8003,556,7373,274,3883,244,4293,347,8723,213,5053,197,6943,174,5753,136,7513,140,5233,157,0803,130,2152,923,4812,903,6402,900,9082,899,9132,924,5412,924,0592,918,0722,905,6582,907,1622,905,9842,911,5082,909,1692,906,6152,899,4852,902,0273,833,0433,782,5703,786,9323,760,4043,761,6483,608,9313,609,3793,608,7543,526,3513,517,5063,517,4033,517,6533,517,8603,533,7403,533,6993,533,9523,533,6803,537,5623,537,1243,536,9103,524,4863,815,7013,809,2933,800,8533,800,8534,249,7875,463,8795,121,8281,067,605754,444308,425308,425308,425,000,000000314,743,000,0000161,268,000,0000
       Long Term Investments 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
14,812,844
15,362,477
15,984,887
15,113,828
17,701,484
18,552,186
18,327,266
19,154,312
20,224,604
20,651,498
21,535,594
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000021,535,59420,651,49820,224,60419,154,31218,327,26618,552,18617,701,48415,113,82815,984,88715,362,47714,812,844000000000000000000000000000000000000000000000000000000000
       Intangible Assets 
549,000,000,000
402,587,000,000
459,000,000,000
549,365,000,000
505,462,000,000
521,600,000,000
495,576,000,000
573,873,000,000
557,714
540,919
1,005,586
1,626,915
5,683,289
6,057,333
4,992,033
4,754,440
4,748,401
4,808,435
4,827,968
4,405,322
4,617,777
4,611,057
4,630,393
4,296,113
4,755,730
4,791,259
4,733,081
4,290,637
4,823,709
4,850,909
4,855,626
4,303,308
4,996,010
5,011,753
5,072,168
4,842,346
5,488,022
5,507,391
5,511,539
4,970,645
4,187,906
4,206,214
4,239,488
3,863,481
4,367,923
4,330,021
4,343,905
4,235,657
4,753,542
4,783,530
4,817,370
4,223,820
4,787,120
4,798,140
4,858,901
5,234,636
5,979,156
5,952,087
5,985,343
5,431,318
6,311,097
3,287,733
3,804,813
2,685,873
3,783,342
3,773,995
3,810,895
4,113,422
8,584,877
8,718,450
9,120,282
9,206,492
9,582,370
9,806,680
10,104,595
12,861,019
14,653,678
15,301,573
15,846,630
16,967,000
17,292,000
21,216,000
22,437,000
48,103,000
48,103,00022,437,00021,216,00017,292,00016,967,00015,846,63015,301,57314,653,67812,861,01910,104,5959,806,6809,582,3709,206,4929,120,2828,718,4508,584,8774,113,4223,810,8953,773,9953,783,3422,685,8733,804,8133,287,7336,311,0975,431,3185,985,3435,952,0875,979,1565,234,6364,858,9014,798,1404,787,1204,223,8204,817,3704,783,5304,753,5424,235,6574,343,9054,330,0214,367,9233,863,4814,239,4884,206,2144,187,9064,970,6455,511,5395,507,3915,488,0224,842,3465,072,1685,011,7534,996,0104,303,3084,855,6264,850,9094,823,7094,290,6374,733,0814,791,2594,755,7304,296,1134,630,3934,611,0574,617,7774,405,3224,827,9684,808,4354,748,4014,754,4404,992,0336,057,3335,683,2891,626,9151,005,586540,919557,714573,873,000,000495,576,000,000521,600,000,000505,462,000,000549,365,000,000459,000,000,000402,587,000,000549,000,000,000
       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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,544,150
1,569,383
1,601,179
1,710,224
1,832,045
1,820,704
1,853,040
1,870,066
1,833,113
1,884,202
1,930,871
2,051,978
2,082,310
2,301,358
2,424,921
2,753,000
2,925,000
3,161,000
3,705,000
10,301,000
10,301,0003,705,0003,161,0002,925,0002,753,0002,424,9212,301,3582,082,3102,051,9781,930,8711,884,2021,833,1131,870,0661,853,0401,820,7041,832,0451,710,2241,601,1791,569,3831,544,1500000000000000000000000000000000000000000000000000000000000000000
> Total Liabilities 
14,604,000,000,000
7,961,181,000,000
8,499,000,000,000
9,105,136,000,000
9,615,305,000,000
11,053,721,000,000
12,130,798,000,000
12,260,413,000,000
12,576,416
13,532,291
26,440,251
28,474,832
36,693,168
44,942,784
44,470,473
45,598,653
44,579,984
45,093,190
44,254,146
44,648,704
48,743,395
50,464,903
48,100,111
48,758,423
49,249,118
48,124,603
48,318,961
47,604,386
51,057,966
54,795,423
53,720,142
60,164,603
63,206,225
68,497,333
73,804,948
75,350,263
77,207,490
80,230,430
82,346,121
82,315,781
26,090,804
30,244,917
33,148,763
32,599,367
34,347,507
33,167,647
35,231,880
34,639,539
37,014,942
38,099,342
42,147,257
39,309,304
41,852,404
45,059,043
48,683,173
51,205,214
56,627,170
53,824,551
58,803,088
61,133,350
70,205,935
75,958,298
93,625,243
78,317,471
100,681,927
102,202,958
99,239,436
101,691,553
477,958,458
492,767,471
545,072,938
542,029,492
600,116,958
639,377,663
672,075,685
899,448,245
1,019,186,226
1,181,957,054
1,266,628,273
1,335,396,000
1,411,067,000
1,709,773,000
1,981,998,000
2,184,693,000
2,184,693,0001,981,998,0001,709,773,0001,411,067,0001,335,396,0001,266,628,2731,181,957,0541,019,186,226899,448,245672,075,685639,377,663600,116,958542,029,492545,072,938492,767,471477,958,458101,691,55399,239,436102,202,958100,681,92778,317,47193,625,24375,958,29870,205,93561,133,35058,803,08853,824,55156,627,17051,205,21448,683,17345,059,04341,852,40439,309,30442,147,25738,099,34237,014,94234,639,53935,231,88033,167,64734,347,50732,599,36733,148,76330,244,91726,090,80482,315,78182,346,12180,230,43077,207,49075,350,26373,804,94868,497,33363,206,22560,164,60353,720,14254,795,42351,057,96647,604,38648,318,96148,124,60349,249,11848,758,42348,100,11150,464,90348,743,39544,648,70444,254,14645,093,19044,579,98445,598,65344,470,47344,942,78436,693,16828,474,83226,440,25113,532,29112,576,41612,260,413,000,00012,130,798,000,00011,053,721,000,0009,615,305,000,0009,105,136,000,0008,499,000,000,0007,961,181,000,00014,604,000,000,000
   > Total Current Liabilities 
12,279,000,000,000
6,284,324,000,000
6,882,000,000,000
7,281,956,000,000
7,577,688,000,000
8,787,527,000,000
9,580,962,000,000
9,788,238,000,000
10,306,281
11,164,388
22,631,884
24,002,314
25,508,716
32,610,254
32,449,136
32,770,298
31,493,162
32,703,260
32,786,972
34,488,661
39,581,476
41,459,327
38,919,470
38,210,801
37,698,821
37,892,154
38,928,457
38,157,648
41,599,106
43,754,558
43,638,548
49,280,027
52,211,563
57,701,307
61,751,846
62,031,471
63,346,877
65,950,323
67,951,036
64,876,523
17,348,479
18,361,084
20,412,223
19,182,420
20,283,468
20,043,230
20,276,269
19,016,744
18,686,232
20,342,803
22,333,318
20,902,762
21,404,096
24,826,081
26,766,510
26,877,153
30,824,730
31,526,139
36,587,064
35,654,653
41,356,032
43,024,784
52,613,181
40,578,455
54,043,801
59,122,911
57,232,585
59,026,121
358,284,616
368,299,094
413,183,296
414,492,964
467,948,124
498,163,622
529,292,647
709,676,931
846,139,574
1,001,069,341
1,065,603,165
1,145,655,000
1,213,291,000
1,466,639,000
1,684,187,000
1,865,813,000
1,865,813,0001,684,187,0001,466,639,0001,213,291,0001,145,655,0001,065,603,1651,001,069,341846,139,574709,676,931529,292,647498,163,622467,948,124414,492,964413,183,296368,299,094358,284,61659,026,12157,232,58559,122,91154,043,80140,578,45552,613,18143,024,78441,356,03235,654,65336,587,06431,526,13930,824,73026,877,15326,766,51024,826,08121,404,09620,902,76222,333,31820,342,80318,686,23219,016,74420,276,26920,043,23020,283,46819,182,42020,412,22318,361,08417,348,47964,876,52367,951,03665,950,32363,346,87762,031,47161,751,84657,701,30752,211,56349,280,02743,638,54843,754,55841,599,10638,157,64838,928,45737,892,15437,698,82138,210,80138,919,47041,459,32739,581,47634,488,66132,786,97232,703,26031,493,16232,770,29832,449,13632,610,25425,508,71624,002,31422,631,88411,164,38810,306,2819,788,238,000,0009,580,962,000,0008,787,527,000,0007,577,688,000,0007,281,956,000,0006,882,000,000,0006,284,324,000,00012,279,000,000,000
       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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
31,057,641
9,054,534
9,785,155
12,255,617
10,795,657
9,331,631
7,853,795
11,014,721
12,708,793
11,099,022
13,641,034
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000013,641,03411,099,02212,708,79311,014,7217,853,7959,331,63110,795,65712,255,6179,785,1559,054,53431,057,641000000000000000000000000000000000000000000000000000000000
       Short Long Term Debt 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
31,057,641
9,054,534
9,785,155
12,255,617
10,795,657
9,331,631
7,853,795
11,014,721
12,708,793
11,099,022
13,641,034
26,949,902
35,983,908
74,893,201
23,766,653
30,613,922
89,809,754
84,123,435
61,806,242
81,626,113
70,396,052
81,984,660
92,414,000
78,429,000
234,873,000
275,727,000
361,430,000
361,430,000275,727,000234,873,00078,429,00092,414,00081,984,66070,396,05281,626,11361,806,24284,123,43589,809,75430,613,92223,766,65374,893,20135,983,90826,949,90213,641,03411,099,02212,708,79311,014,7217,853,7959,331,63110,795,65712,255,6179,785,1559,054,53431,057,641000000000000000000000000000000000000000000000000000000000
       Accounts payable 
1,437,000,000,000
1,024,394,000,000
1,472,000,000,000
1,767,136,000,000
1,794,829,000,000
2,231,384,000,000
2,315,869,000,000
2,196,975,000,000
2,284,101
2,215,889
3,360,710
2,886,118
3,458,348
4,795,563
4,796,120
4,588,639
4,939,956
5,283,745
4,720,555
4,429,831
4,996,876
6,368,096
5,223,502
3,400,414
3,189,476
5,073,077
5,246,786
4,083,434
6,112,946
6,183,488
5,802,658
7,549,368
8,180,632
9,350,211
9,558,791
9,186,672
10,787,918
9,120,728
9,847,777
8,355,236
7,765,296
8,581,989
9,746,359
9,978,208
9,354,397
9,921,116
10,202,742
9,138,243
7,637,553
8,263,619
8,569,764
7,863,964
7,174,404
9,113,309
10,039,250
12,550,464
13,088,995
13,623,646
15,993,259
14,931,416
15,074,427
20,363,472
25,757,080
15,597,256
22,354,429
27,308,540
26,609,401
26,727,432
20,218,165
19,616,957
22,784,969
29,039,594
37,421,666
46,089,551
51,334,948
71,588,038
93,848,126
127,008,873
113,590,772
102,839,000
96,523,000
130,563,000
179,980,000
186,649,000
186,649,000179,980,000130,563,00096,523,000102,839,000113,590,772127,008,87393,848,12671,588,03851,334,94846,089,55137,421,66629,039,59422,784,96919,616,95720,218,16526,727,43226,609,40127,308,54022,354,42915,597,25625,757,08020,363,47215,074,42714,931,41615,993,25913,623,64613,088,99512,550,46410,039,2509,113,3097,174,4047,863,9648,569,7648,263,6197,637,5539,138,24310,202,7429,921,1169,354,3979,978,2089,746,3598,581,9897,765,2968,355,2369,847,7779,120,72810,787,9189,186,6729,558,7919,350,2118,180,6327,549,3685,802,6586,183,4886,112,9464,083,4345,246,7865,073,0773,189,4763,400,4145,223,5026,368,0964,996,8764,429,8314,720,5555,283,7454,939,9564,588,6394,796,1204,795,5633,458,3482,886,1183,360,7102,215,8892,284,1012,196,975,000,0002,315,869,000,0002,231,384,000,0001,794,829,000,0001,767,136,000,0001,472,000,000,0001,024,394,000,0001,437,000,000,000
       Other Current Liabilities 
2,096,000,000,000
1,269,975,000,000
1,676,000,000,000
3,644,259,000,000
3,949,734,000,000
4,284,924,000,000
4,728,793,000,000
4,984,279,000,000
4,861,123
5,293,242
14,869,685
16,365,086
16,787,856
20,176,067
20,066,759
20,756,460
20,345,240
21,218,751
21,268,150
22,729,475
24,241,236
25,032,508
24,159,183
25,423,021
26,551,053
25,695,068
25,781,414
25,582,171
27,401,383
29,919,241
30,284,451
32,884,815
34,819,412
38,667,298
41,440,879
40,944,103
39,497,907
43,642,885
44,839,190
44,282,477
4,031,466
4,594,438
4,593,764
4,512,126
4,879,829
4,406,061
4,726,163
4,458,809
5,587,670
5,280,905
6,201,294
5,659,548
5,419,093
6,044,202
7,139,498
6,843,612
9,115,251
7,455,501
8,507,507
7,528,113
10,590,711
3,836,386
4,953,848
4,476,661
1,901,567
2,591,693
2,726,092
5,220,312
262,506,519
274,302,607
307,349,427
306,796,708
344,805,388
354,340,618
383,806,753
503,685,346
576,330,624
662,401,165
722,918,957
793,629,000
915,634,000
1,070,026,000
1,136,088,000
1,233,794,000
1,233,794,0001,136,088,0001,070,026,000915,634,000793,629,000722,918,957662,401,165576,330,624503,685,346383,806,753354,340,618344,805,388306,796,708307,349,427274,302,607262,506,5195,220,3122,726,0922,591,6931,901,5674,476,6614,953,8483,836,38610,590,7117,528,1138,507,5077,455,5019,115,2516,843,6127,139,4986,044,2025,419,0935,659,5486,201,2945,280,9055,587,6704,458,8094,726,1634,406,0614,879,8294,512,1264,593,7644,594,4384,031,46644,282,47744,839,19043,642,88539,497,90740,944,10341,440,87938,667,29834,819,41232,884,81530,284,45129,919,24127,401,38325,582,17125,781,41425,695,06826,551,05325,423,02124,159,18325,032,50824,241,23622,729,47521,268,15021,218,75120,345,24020,756,46020,066,75920,176,06716,787,85616,365,08614,869,6855,293,2424,861,1234,984,279,000,0004,728,793,000,0004,284,924,000,0003,949,734,000,0003,644,259,000,0001,676,000,000,0001,269,975,000,0002,096,000,000,000
   > 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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
46,638,126
43,080,047
42,006,851
42,665,432
119,673,842
124,468,377
131,889,642
127,536,528
132,168,834
141,214,041
142,783,038
189,771,314
173,046,652
180,887,713
201,025,108
189,741,000
197,776,000
243,134,000
297,811,000
318,880,000
318,880,000297,811,000243,134,000197,776,000189,741,000201,025,108180,887,713173,046,652189,771,314142,783,038141,214,041132,168,834127,536,528131,889,642124,468,377119,673,84242,665,43242,006,85143,080,04746,638,1260000000000000000000000000000000000000000000000000000000000000000
       Other Liabilities 
0
324,390,000,000
0
672,352,000,000
601,326,000,000
661,144,000,000
827,624,000,000
777,488,000,000
701,597
741,242
1,169,927
1,565,849
1,674,073
1,876,445
1,833,642
1,775,335
1,783,126
1,751,020
1,734,672
1,739,027
1,307,969
1,407,921
1,357,729
1,594,891
1,492,511
1,576,089
2,104,799
2,189,733
2,234,085
2,218,583
2,339,776
2,186,965
2,402,277
2,596,922
2,815,608
2,736,406
2,840,559
2,422,319
2,523,827
2,403,726
526,967
612,057
647,409
703,942
749,426
777,745
727,199
802,627
833,744
861,903
934,345
901,292
940,116
959,760
965,646
969,336
994,866
1,037,766
1,043,502
1,557,621
1,843,669
2,808,482
3,271,650
2,916,921
3,053,912
3,044,171
3,129,521
3,240,408
17,215,642
17,064,804
18,256,431
17,246,164
17,110,769
17,194,487
19,110,256
26,992,203
24,823,402
28,201,156
35,432,151
37,143,000
38,196,000
0
0
0
00038,196,00037,143,00035,432,15128,201,15624,823,40226,992,20319,110,25617,194,48717,110,76917,246,16418,256,43117,064,80417,215,6423,240,4083,129,5213,044,1713,053,9122,916,9213,271,6502,808,4821,843,6691,557,6211,043,5021,037,766994,866969,336965,646959,760940,116901,292934,345861,903833,744802,627727,199777,745749,426703,942647,409612,057526,9672,403,7262,523,8272,422,3192,840,5592,736,4062,815,6082,596,9222,402,2772,186,9652,339,7762,218,5832,234,0852,189,7332,104,7991,576,0891,492,5111,594,8911,357,7291,407,9211,307,9691,739,0271,734,6721,751,0201,783,1261,775,3351,833,6421,876,4451,674,0731,565,8491,169,927741,242701,597777,488,000,000827,624,000,000661,144,000,000601,326,000,000672,352,000,0000324,390,000,0000
       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
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
743,541
0
0
0
934,863
0
0
0
1,304,176
0
0
0
2,014,902
0
0
0
2,677,762
0
0
0
4,260,000
0
0
0
0
00004,260,0000002,677,7620002,014,9020001,304,176000934,863000743,54100000000000000000000000000000000000000000000000000000000000
> Total Stockholder Equity
4,626,000,000,000
2,145,031,000,000
4,808,000,000,000
3,244,935,000,000
3,532,970,000,000
3,728,917,000,000
3,920,954,000,000
4,156,272,000,000
4,257,335
4,336,431
4,676,855
4,836,959
4,865,383
4,032,355
4,870,327
5,087,999
5,358,477
6,414,480
7,109,400
7,852,062
7,852,928
9,482,372
10,294,635
9,749,491
9,774,374
10,416,566
10,861,843
11,169,956
11,535,451
11,619,413
12,232,947
12,574,192
13,144,715
13,079,771
13,440,500
13,896,749
14,484,783
14,562,986
15,272,043
16,285,952
16,676,669
16,507,259
17,656,111
18,035,018
18,613,118
19,102,884
19,781,215
20,348,423
20,149,773
20,865,827
21,494,375
23,135,020
23,664,643
23,892,409
24,804,794
25,825,863
26,230,139
27,650,477
28,796,616
29,972,582
29,253,664
30,761,453
32,323,610
33,284,262
32,505,606
34,116,243
34,805,096
36,282,060
39,939,904
40,722,813
43,634,092
46,342,139
49,762,145
51,141,920
55,209,875
63,641,104
73,910,932
99,772,203
123,376,521
149,353,000
158,590,000
180,508,000
214,138,000
404,729,000
404,729,000214,138,000180,508,000158,590,000149,353,000123,376,52199,772,20373,910,93263,641,10455,209,87551,141,92049,762,14546,342,13943,634,09240,722,81339,939,90436,282,06034,805,09634,116,24332,505,60633,284,26232,323,61030,761,45329,253,66429,972,58228,796,61627,650,47726,230,13925,825,86324,804,79423,892,40923,664,64323,135,02021,494,37520,865,82720,149,77320,348,42319,781,21519,102,88418,613,11818,035,01817,656,11116,507,25916,676,66916,285,95215,272,04314,562,98614,484,78313,896,74913,440,50013,079,77113,144,71512,574,19212,232,94711,619,41311,535,45111,169,95610,861,84310,416,5669,774,3749,749,49110,294,6359,482,3727,852,9287,852,0627,109,4006,414,4805,358,4775,087,9994,870,3274,032,3554,865,3834,836,9594,676,8554,336,4314,257,3354,156,272,000,0003,920,954,000,0003,728,917,000,0003,532,970,000,0003,244,935,000,0004,808,000,000,0002,145,031,000,0004,626,000,000,000
   Common Stock
0
203,156,000,000
984,000,000,000
789,750,000,000
789,750,000,000
789,750,000,000
789,750,000,000
1,000,000,000,000
1,000,000
1,000,000
1,150,000
1,150,000
1,150,000
1,265,000
1,265,000
1,265,000
1,265,000
1,745,700
1,745,700
1,745,700
1,745,700
2,007,555
2,012,618
2,012,618
2,012,618
2,415,141
2,415,141
2,415,141
2,415,141
2,415,141
2,415,141
2,415,141
2,415,141
2,415,141
2,415,141
2,415,141
2,415,141
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,535,898
2,536,000
2,536,000
0
0
0
0002,536,0002,536,0002,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,535,8982,415,1412,415,1412,415,1412,415,1412,415,1412,415,1412,415,1412,415,1412,415,1412,415,1412,415,1412,415,1412,012,6182,012,6182,012,6182,007,5551,745,7001,745,7001,745,7001,745,7001,265,0001,265,0001,265,0001,265,0001,150,0001,150,0001,150,0001,000,0001,000,0001,000,000,000,000789,750,000,000789,750,000,000789,750,000,000789,750,000,000984,000,000,000203,156,000,0000
   Retained Earnings Total Equity000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Accumulated Other Comprehensive Income 000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Capital Surplus 000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock000000000000000000000000000000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
771,579
627,764
704,882
796,519
899,826
1,202,748
461,872
97,025
282,127
-103,962
264,429
553,493
1,077,325
1,683,757
1,855,807
3,162,629
3,114,049
3,246,130
5,982,081
9,904,530
15,355,385
19,070,160
17,258,000
16,746,000
0
0
0
00016,746,00017,258,00019,070,16015,355,3859,904,5305,982,0813,246,1303,114,0493,162,6291,855,8071,683,7571,077,325553,493264,429-103,962282,12797,025461,8721,202,748899,826796,519704,882627,764771,579000000000000000000000000000000000000000000000000000000000



Balance Sheet

Currency in TRY. All numbers in thousands.