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Sinpas Gayrimenkul Yatirim Ortakligi AS
Buy, Hold or Sell?

Let's analyse Sinpas together

PenkeI guess you are interested in Sinpas Gayrimenkul Yatirim Ortakligi 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 Sinpas Gayrimenkul Yatirim Ortakligi 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 Sinpas (30 sec.)










What can you expect buying and holding a share of Sinpas? (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?
50.0%

What is your share worth?

Current worth
₺7.62
Expected worth in 1 year
₺25.01
How sure are you?
50.0%

+ What do you gain per year?

Total Gains per Share
₺17.39
Return On Investment
343.6%

For what price can you sell your share?

Current Price per Share
₺5.06
Expected price per share
₺4.42 - ₺6.86
How sure are you?
50%

1. Valuation of Sinpas (5 min.)




Live pricePrice per Share (EOD)

₺5.06

Intrinsic Value Per Share

₺12.36 - ₺23.41

Total Value Per Share

₺19.98 - ₺31.03

2. Growth of Sinpas (5 min.)




Is Sinpas growing?

Current yearPrevious yearGrowGrow %
How rich?$356.8m$153.2m$203.6m57.1%

How much money is Sinpas making?

Current yearPrevious yearGrowGrow %
Making money$163.4m$99.2m$64.2m39.3%
Net Profit Margin417.3%149.3%--

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

3. Financial Health of Sinpas (5 min.)




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

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

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

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

Speculation

The Price per Share of Sinpas is ₺5.06. 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 Sinpas.
  • 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 Sinpas, 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 ₺7.62. Based on the TTM, the Book Value Change Per Share is ₺4.35 per quarter. Based on the YOY, the Book Value Change Per Share is ₺2.80 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 Sinpas.

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 Eps0.112.2%0.112.2%0.071.3%0.040.7%0.020.3%
Usd Book Value Change Per Share0.142.7%0.142.7%0.091.7%0.040.9%0.020.4%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.142.7%0.142.7%0.091.7%0.040.9%0.020.4%
Usd Price Per Share0.11-0.11-0.13-0.08-0.05-
Price to Earnings Ratio1.01-1.01-2.00-9.98-9.60-
Price-to-Total Gains Ratio0.81-0.81-1.53-10.22--40.21-
Price to Book Ratio0.46-0.46-1.31-3.04-2.04-
Price-to-Total Gains Ratio0.81-0.81-1.53-10.22--40.21-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.158378
Number of shares6314
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.140.04
Usd Total Gains Per Share0.140.04
Gains per Quarter (6314 shares)859.06278.59
Gains per Year (6314 shares)3,436.251,114.36
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
1034363426411101104
2068726862822202218
3010309102981333303332
4013745137341744414446
5017181171702155515560
6020617206062566616674
7024054240423077717788
8027490274783488818902
90309263091438999110016
1003436234350421110111130

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 Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%6.04.00.060.0%11.04.00.073.3%
Book Value Change Per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%5.05.00.050.0%10.05.00.066.7%
Dividend per Share0.00.01.00.0%0.00.03.00.0%1.00.04.020.0%5.00.05.050.0%5.00.010.033.3%
Total Gains per Share1.00.00.0100.0%3.00.00.0100.0%4.01.00.080.0%5.05.00.050.0%10.05.00.066.7%

Fundamentals of Sinpas

About Sinpas Gayrimenkul Yatirim Ortakligi AS

Sinpas Insaat Anonim Sirketi ("Sinpas Insaat"), which was established on 22 December 2006 with the aim of transforming into a Real Estate Investment Trust ("REIT"), applied to the Capital Markets Board ("CMB") with a request for conversion to a REIT and approved the relevant request. Subsequently, on May 3, 2007, it was registered with the trade registry and transformed into a REIT, and its title was changed to Sinpas Gayrimenkul Yatirim Ortakligi A.S. ("Sinpas GYO"). The main operation of the company is to develop residential real estate projects for sale. The company is under the umbrella of Sinpas Group of Companies, one of the leading real estate investment and development groups in the sector. The company was established in Turkey and operates in Turkey. The main shareholder of the Company is Avni Çelik.

Fundamental data was last updated by Penke on 2024-05-20 03:30:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge profit.
Using its assets, the company is very efficient in making profit.
Using its investors money, the company is very 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 able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is very able to pay all its debts by selling its assets.
The company is very able to pay all its debts with equity.

Valuation

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

1.1. Profitability of Sinpas Gayrimenkul Yatirim Ortakligi AS.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Sinpas to the REIT - Residential industry mean.
  • A Net Profit Margin of 417.3% means that ₤4.17 for each ₤1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Sinpas Gayrimenkul Yatirim Ortakligi AS:

  • The MRQ is 417.3%. The company is making a huge profit. +2
  • The TTM is 417.3%. The company is making a huge profit. +2
Trends
Current periodCompared to+/- 
MRQ417.3%TTM417.3%0.0%
TTM417.3%YOY149.3%+268.0%
TTM417.3%5Y108.3%+309.1%
5Y108.3%10Y50.8%+57.5%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Sinpas to the REIT - Residential industry mean.
  • 27.8% Return on Assets means that Sinpas generated ₤0.28 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Sinpas Gayrimenkul Yatirim Ortakligi AS:

  • The MRQ is 27.8%. Using its assets, the company is very efficient in making profit. +2
  • The TTM is 27.8%. Using its assets, the company is very efficient in making profit. +2
Trends
Current periodCompared to+/- 
MRQ27.8%TTM27.8%0.0%
TTM27.8%YOY28.0%-0.2%
TTM27.8%5Y11.7%+16.1%
5Y11.7%10Y5.4%+6.3%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Sinpas to the REIT - Residential industry mean.
  • 52.0% Return on Equity means Sinpas generated ₤0.52 for each ₤1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Sinpas Gayrimenkul Yatirim Ortakligi AS:

  • The MRQ is 52.0%. Using its investors money, the company is very efficient in making profit. +2
  • The TTM is 52.0%. Using its investors money, the company is very efficient in making profit. +2
Trends
Current periodCompared to+/- 
MRQ52.0%TTM52.0%0.0%
TTM52.0%YOY72.9%-20.9%
TTM52.0%5Y25.6%+26.4%
5Y25.6%10Y11.7%+13.9%

1.2. Operating Efficiency of Sinpas Gayrimenkul Yatirim Ortakligi AS.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Sinpas is operating .

  • Measures how much profit Sinpas 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 Sinpas to the REIT - Residential industry mean.
  • An Operating Margin of 14.6% means the company generated ₤0.15  for each ₤1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Sinpas Gayrimenkul Yatirim Ortakligi AS:

  • The MRQ is 14.6%. The company is operating less efficient.
  • The TTM is 14.6%. The company is operating less efficient.
Trends
Current periodCompared to+/- 
MRQ14.6%TTM14.6%0.0%
TTM14.6%YOY58.6%-44.0%
TTM14.6%5Y33.8%-19.3%
5Y33.8%10Y17.4%+16.4%
1.2.2. Operating Ratio

Measures how efficient Sinpas is keeping operating costs low.

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

Let's take a look of the Operating Ratio trends of Sinpas Gayrimenkul Yatirim Ortakligi AS:

  • The MRQ is 1.703. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.703. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.703TTM1.7030.000
TTM1.703YOY0.963+0.740
TTM1.7035Y1.368+0.335
5Y1.36810Y1.377-0.009

1.3. Liquidity of Sinpas Gayrimenkul Yatirim Ortakligi AS.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to REIT - Residential industry mean).
  • A Current Ratio of 1.87 means the company has ₤1.87 in assets for each ₤1 in short-term debts.

Let's take a look of the Current Ratio trends of Sinpas Gayrimenkul Yatirim Ortakligi AS:

  • The MRQ is 1.867. The company is able to pay all its short-term debts. +1
  • The TTM is 1.867. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.867TTM1.8670.000
TTM1.867YOY2.763-0.896
TTM1.8675Y1.813+0.054
5Y1.81310Y1.833-0.020
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Sinpas to the REIT - Residential industry mean.
  • A Quick Ratio of 0.16 means the company can pay off ₤0.16 for each ₤1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Sinpas Gayrimenkul Yatirim Ortakligi AS:

  • The MRQ is 0.156. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.156. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.156TTM0.1560.000
TTM0.156YOY0.903-0.747
TTM0.1565Y0.414-0.258
5Y0.41410Y0.421-0.008

1.4. Solvency of Sinpas Gayrimenkul Yatirim Ortakligi AS.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Sinpas to REIT - Residential industry mean.
  • A Debt to Asset Ratio of 0.39 means that Sinpas assets are financed with 39.3% credit (debt) and the remaining percentage (100% - 39.3%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Sinpas Gayrimenkul Yatirim Ortakligi AS:

  • The MRQ is 0.393. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.393. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.393TTM0.3930.000
TTM0.393YOY0.568-0.175
TTM0.3935Y0.732-0.340
5Y0.73210Y0.619+0.113
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Sinpas to the REIT - Residential industry mean.
  • A Debt to Equity ratio of 73.4% means that company has ₤0.73 debt for each ₤1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Sinpas Gayrimenkul Yatirim Ortakligi AS:

  • The MRQ is 0.734. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.734. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.734TTM0.7340.000
TTM0.734YOY1.478-0.744
TTM0.7345Y6.219-5.485
5Y6.21910Y3.632+2.587

2. Market Valuation of Sinpas Gayrimenkul Yatirim Ortakligi 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 Sinpas generates.

  • Above 15 is considered overpriced but always compare Sinpas to the REIT - Residential industry mean.
  • A PE ratio of 1.01 means the investor is paying ₤1.01 for every ₤1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Sinpas Gayrimenkul Yatirim Ortakligi AS:

  • The EOD is 1.450. Based on the earnings, the company is cheap. +2
  • The MRQ is 1.006. Based on the earnings, the company is cheap. +2
  • The TTM is 1.006. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD1.450MRQ1.006+0.444
MRQ1.006TTM1.0060.000
TTM1.006YOY1.997-0.991
TTM1.0065Y9.976-8.970
5Y9.97610Y9.603+0.372
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Sinpas Gayrimenkul Yatirim Ortakligi AS:

  • The EOD is 4.731. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 3.282. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is 3.282. Based on how much money comes from the company's main activities, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD4.731MRQ3.282+1.449
MRQ3.282TTM3.2820.000
TTM3.282YOY3.309-0.027
TTM3.2825Y6.440-3.158
5Y6.44010Y5.380+1.060
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to REIT - Residential industry mean).
  • A PB ratio of 0.46 means the investor is paying ₤0.46 for each ₤1 in book value.

Let's take a look of the Price to Book Ratio trends of Sinpas Gayrimenkul Yatirim Ortakligi AS:

  • The EOD is 0.664. Based on the equity, the company is cheap. +2
  • The MRQ is 0.461. Based on the equity, the company is cheap. +2
  • The TTM is 0.461. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD0.664MRQ0.461+0.203
MRQ0.461TTM0.4610.000
TTM0.461YOY1.305-0.844
TTM0.4615Y3.043-2.582
5Y3.04310Y2.045+0.999
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Sinpas Gayrimenkul Yatirim Ortakligi 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--4.3474.3470%2.796+55%1.404+210%0.690+530%
Book Value Per Share--7.6187.6180%3.272+133%2.395+218%1.543+394%
Current Ratio--1.8671.8670%2.763-32%1.813+3%1.833+2%
Debt To Asset Ratio--0.3930.3930%0.568-31%0.732-46%0.619-37%
Debt To Equity Ratio--0.7340.7340%1.478-50%6.219-88%3.632-80%
Dividend Per Share----0%-0%0.005-100%0.013-100%
Eps--3.4903.4900%2.138+63%1.148+204%0.556+527%
Free Cash Flow Per Share--1.0701.0700%1.291-17%0.570+88%0.301+256%
Free Cash Flow To Equity Per Share---0.164-0.1640%0.064-356%0.066-347%0.026-724%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max--23.408--------
Intrinsic Value_10Y_min--12.362--------
Intrinsic Value_1Y_max--1.265--------
Intrinsic Value_1Y_min--0.746--------
Intrinsic Value_3Y_max--4.625--------
Intrinsic Value_3Y_min--2.682--------
Intrinsic Value_5Y_max--8.977--------
Intrinsic Value_5Y_min--5.085--------
Market Cap7573302161.920+31%5253417112.3205253417112.3200%6390909136.640-18%4038096686.336+30%2556363654.656+106%
Net Profit Margin--4.1734.1730%1.493+179%1.083+286%0.508+722%
Operating Margin--0.1460.1460%0.586-75%0.338-57%0.174-16%
Operating Ratio--1.7031.7030%0.963+77%1.368+24%1.377+24%
Pb Ratio0.664+31%0.4610.4610%1.305-65%3.043-85%2.045-77%
Pe Ratio1.450+31%1.0061.0060%1.997-50%9.976-90%9.603-90%
Price Per Share5.060+31%3.5103.5100%4.270-18%2.698+30%1.708+106%
Price To Free Cash Flow Ratio4.731+31%3.2823.2820%3.309-1%6.440-49%5.380-39%
Price To Total Gains Ratio1.164+31%0.8070.8070%1.527-47%10.216-92%-40.214+5080%
Quick Ratio--0.1560.1560%0.903-83%0.414-62%0.421-63%
Return On Assets--0.2780.2780%0.280-1%0.117+138%0.054+411%
Return On Equity--0.5200.5200%0.729-29%0.256+103%0.117+343%
Total Gains Per Share--4.3474.3470%2.796+55%1.410+208%0.703+518%
Usd Book Value--356895200.942356895200.9420%153259170.519+133%112204238.516+218%72265220.412+394%
Usd Book Value Change Per Share--0.1360.1360%0.087+55%0.044+210%0.022+530%
Usd Book Value Per Share--0.2380.2380%0.102+133%0.075+218%0.048+394%
Usd Dividend Per Share----0%-0%0.000-100%0.000-100%
Usd Eps--0.1090.1090%0.067+63%0.036+204%0.017+527%
Usd Free Cash Flow--50105307.42750105307.4270%60455955.258-17%26698573.929+88%12678873.363+295%
Usd Free Cash Flow Per Share--0.0330.0330%0.040-17%0.018+88%0.009+256%
Usd Free Cash Flow To Equity Per Share---0.005-0.0050%0.002-356%0.002-347%0.001-724%
Usd Market Cap237044357.668+31%164431955.616164431955.6160%200035455.977-18%126392426.282+30%80014182.391+106%
Usd Price Per Share0.158+31%0.1100.1100%0.134-18%0.084+30%0.053+106%
Usd Profit--163484541.446163484541.4460%99257324.808+65%53603097.770+205%26532071.394+516%
Usd Revenue--39173484.54539173484.5450%66463657.821-41%47001321.715-17%31649104.068+24%
Usd Total Gains Per Share--0.1360.1360%0.087+55%0.044+208%0.022+518%
 EOD+4 -4MRQTTM+0 -0YOY+17 -165Y+25 -1010Y+27 -8

3.2. Fundamental Score

Let's check the fundamental score of Sinpas Gayrimenkul Yatirim Ortakligi AS based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-151.450
Price to Book Ratio (EOD)Between0-10.664
Net Profit Margin (MRQ)Greater than04.173
Operating Margin (MRQ)Greater than00.146
Quick Ratio (MRQ)Greater than10.156
Current Ratio (MRQ)Greater than11.867
Debt to Asset Ratio (MRQ)Less than10.393
Debt to Equity Ratio (MRQ)Less than10.734
Return on Equity (MRQ)Greater than0.150.520
Return on Assets (MRQ)Greater than0.050.278
Total9/10 (90.0%)

3.3. Technical Score

Let's check the technical score of Sinpas Gayrimenkul Yatirim Ortakligi AS based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5058.734
Ma 20Greater thanMa 504.910
Ma 50Greater thanMa 1004.499
Ma 100Greater thanMa 2004.012
OpenGreater thanClose5.110
Total5/5 (100.0%)



Latest Balance Sheet

Balance Sheet of 2022-12-31. Currency in TRY. All numbers in thousands.

Summary
Total Assets18,770,765
Total Liabilities7,368,362
Total Stockholder Equity10,038,133
 As reported
Total Liabilities 7,368,362
Total Stockholder Equity+ 10,038,133
Total Assets = 18,770,765

Assets

Total Assets18,770,765
Total Current Assets2,838,011
Long-term Assets15,932,754
Total Current Assets
Cash And Cash Equivalents 289,661
Net Receivables 237,163
Inventory 1,593,361
Other Current Assets 707,759
Total Current Assets  (as reported)2,838,011
Total Current Assets  (calculated)2,827,944
+/- 10,067
Long-term Assets
Property Plant Equipment 32,046
Intangible Assets 829
Other Assets 15,880,209
Long-term Assets  (as reported)15,932,754
Long-term Assets  (calculated)15,913,084
+/- 19,670

Liabilities & Shareholders' Equity

Total Current Liabilities1,520,189
Long-term Liabilities5,848,173
Total Stockholder Equity10,038,133
Total Current Liabilities
Short Long Term Debt 739,394
Accounts payable 144,237
Other Current Liabilities 402,097
Total Current Liabilities  (as reported)1,520,189
Total Current Liabilities  (calculated)1,285,728
+/- 234,461
Long-term Liabilities
Long term Debt 3,239,697
Capital Lease Obligations Min Short Term Debt673,791
Other Liabilities 2,159,666
Long-term Liabilities  (as reported)5,848,173
Long-term Liabilities  (calculated)6,073,153
+/- 224,980
Total Stockholder Equity
Common Stock1,500,000
Retained Earnings 8,136,729
Total Stockholder Equity (as reported)10,038,133
Total Stockholder Equity (calculated)9,636,729
+/- 401,404
Other
Capital Stock1,500,000
Common Stock Shares Outstanding 1,496,700
Net Debt 3,689,429
Net Invested Capital 14,017,223
Net Tangible Assets 10,037,304
Net Working Capital 1,317,822
Property Plant and Equipment Gross 99,971



Balance Sheet

Currency in TRY. All numbers in thousands.

 Trend2022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-31
> Total Assets 
688,080
1,134,590
1,348,341
1,652,553
1,993,516
2,093,767
2,303,900
1,979,482
2,001,837
2,210,602
1,994,660
5,020,176
5,290,965
5,806,556
11,323,329
18,770,765
18,770,76511,323,3295,806,5565,290,9655,020,1761,994,6602,210,6022,001,8371,979,4822,303,9002,093,7671,993,5161,652,5531,348,3411,134,590688,080
   > Total Current Assets 
0
0
0
0
0
0
0
923,080
802,621
891,026
2,352,761
2,659,490
2,755,257
2,538,505
3,151,852
2,838,011
2,838,0113,151,8522,538,5052,755,2572,659,4902,352,761891,026802,621923,0800000000
       Cash And Cash Equivalents 
180,885
79,188
49,442
51,304
27,642
51,071
59,995
78,495
119,060
21,014
27,556
8,467
71,422
71,094
520,978
289,661
289,661520,97871,09471,4228,46727,55621,014119,06078,49559,99551,07127,64251,30449,44279,188180,885
       Short-term Investments 
167,220
9,666
11,373
13,322
17,688
0
0
69
0
0
0
0
0
0
560,000
0
0560,000000000690017,68813,32211,3739,666167,220
       Net Receivables 
0
0
0
0
0
0
0
213,302
197,752
179,108
590,269
757,838
525,799
446,577
470,310
237,163
237,163470,310446,577525,799757,838590,269179,108197,752213,3020000000
       Other Current Assets 
0
0
0
0
0
0
0
253,327
176,204
202,167
250,524
363,496
424,948
513,164
117,360
707,759
707,759117,360513,164424,948363,496250,524202,167176,204253,3270000000
   > Long-term Assets 
0
0
0
0
0
0
0
0
0
1,327,302
855,183
2,360,686
2,535,708
3,268,052
7,611,477
15,932,754
15,932,7547,611,4773,268,0522,535,7082,360,686855,1831,327,302000000000
       Property Plant Equipment 
0
0
0
0
0
0
0
20,060
13,881
12,721
14,767
21,514
39,183
35,775
30,410
32,046
32,04630,41035,77539,18321,51414,76712,72113,88120,0600000000
       Long Term Investments 
0
0
0
0
0
0
0
83,264
78,572
55,997
16,000
12,635
13,579
0
0
0
00013,57912,63516,00055,99778,57283,2640000000
       Intangible Assets 
73
164
197
765
776
689
343
208
121
96
83
943
828
786
911
829
829911786828943839612120834368977676519716473
       Long-term Assets Other 
0
0
0
0
0
0
0
0
0
1,005,697
628,427
958,264
678,831
628,780
584,659
1,442,864
1,442,864584,659628,780678,831958,264628,4271,005,697000000000
> Total Liabilities 
108,265
234,190
485,253
715,211
942,973
1,018,942
1,232,543
825,954
953,264
1,213,311
1,101,479
4,669,612
4,728,798
5,094,150
6,426,870
7,368,362
7,368,3626,426,8705,094,1504,728,7984,669,6121,101,4791,213,311953,264825,9541,232,5431,018,942942,973715,211485,253234,190108,265
   > Total Current Liabilities 
0
0
0
0
0
0
0
356,536
399,059
364,607
1,058,461
1,398,475
1,928,621
2,300,038
1,140,742
1,520,189
1,520,1891,140,7422,300,0381,928,6211,398,4751,058,461364,607399,059356,5360000000
       Short-term Debt 
0
0
0
0
0
0
0
297,930
326,308
244,068
746,552
1,012,555
1,415,504
0
0
0
0001,415,5041,012,555746,552244,068326,308297,9300000000
       Short Long Term Debt 
0
0
0
0
0
0
0
297,930
326,308
244,068
438,258
1,012,555
1,415,504
1,710,416
495,649
739,394
739,394495,6491,710,4161,415,5041,012,555438,258244,068326,308297,9300000000
       Accounts payable 
2,808
5,672
63,790
47,376
111,250
130,438
100,667
38,478
33,020
89,982
138,874
159,704
196,035
270,183
208,282
144,237
144,237208,282270,183196,035159,704138,87489,98233,02038,478100,667130,438111,25047,37663,7905,6722,808
       Other Current Liabilities 
0
0
0
0
0
0
0
18,073
38,579
18,874
54,257
73,701
198,934
170,200
340,480
402,097
402,097340,480170,200198,93473,70154,25718,87438,57918,0730000000
   > Long-term Liabilities 
0
0
0
0
0
0
0
0
0
881,273
580,995
3,271,137
2,800,177
2,794,111
5,286,128
5,848,173
5,848,1735,286,1282,794,1112,800,1773,271,137580,995881,273000000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
0
0
0
-297,930
-326,308
-233,909
-746,552
-703,780
-1,136,295
286,548
445,879
673,791
673,791445,879286,548-1,136,295-703,780-746,552-233,909-326,308-297,9300000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
35,302
38,671
0
0
0
00038,67135,30200000000000
> Total Stockholder Equity
579,815
900,400
863,088
937,341
1,050,543
1,074,825
1,071,357
1,153,528
1,048,573
997,291
893,181
350,564
562,168
712,407
4,348,197
10,038,133
10,038,1334,348,197712,407562,168350,564893,181997,2911,048,5731,153,5281,071,3571,074,8251,050,543937,341863,088900,400579,815
   Common Stock
136,975
136,975
400,000
500,000
600,000
600,000
600,000
600,000
600,000
600,000
600,000
873,193
873,193
873,193
873,193
1,500,000
1,500,000873,193873,193873,193873,193600,000600,000600,000600,000600,000600,000600,000500,000400,000136,975136,975
   Retained Earnings 
18,498
38,117
0
48,794
158,804
204,591
193,136
282,603
190,646
110,955
-132,626
-369,508
-154,482
-4,150
3,555,387
8,136,729
8,136,7293,555,387-4,150-154,482-369,508-132,626110,955190,646282,603193,136204,591158,80448,794038,11718,498
   Capital Surplus 0000000000000000
   Treasury Stock00000-5,664-5,664-5,664-5,664-5,664-5,664-5,664-5,664000
   Other Stockholders Equity 
0
0
0
0
0
0
0
214,170
201,171
204,737
323,791
-134,251
-137,673
-137,766
-140,775
-145,585
-145,585-140,775-137,766-137,673-134,251323,791204,737201,171214,1700000000



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.