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Tekfen Holding AS
Buy, Hold or Sell?

Let's analyse Tekfen together

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










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

How much money do you get?

How much money do you get?
₺0.23
When do you have the money?
1 year
How often do you get paid?
77.5%

What is your share worth?

Current worth
₺59.55
Expected worth in 1 year
₺90.47
How sure are you?
95.0%

+ What do you gain per year?

Total Gains per Share
₺38.20
Return On Investment
68.8%

For what price can you sell your share?

Current Price per Share
₺55.55
Expected price per share
₺48.70 - ₺
How sure are you?
50%

1. Valuation of Tekfen (5 min.)




Live pricePrice per Share (EOD)

₺55.55

Intrinsic Value Per Share

₺138.21 - ₺575.35

Total Value Per Share

₺197.75 - ₺634.90

2. Growth of Tekfen (5 min.)




Is Tekfen growing?

Current yearPrevious yearGrowGrow %
How rich?$685.1m$287.3m$144.5m33.5%

How much money is Tekfen making?

Current yearPrevious yearGrowGrow %
Making money-$8.9m$27m-$35.9m-402.1%
Net Profit Margin-1.1%10.3%--

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

3. Financial Health of Tekfen (5 min.)




4. Comparing to competitors in the Engineering & Construction industry (5 min.)




  Industry Rankings (Engineering & Construction)  


Richest
#128 / 665

Most Revenue
#190 / 665

Most Profit
#590 / 665

Most Efficient
#477 / 665

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

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

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

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

Speculation

The Price per Share of Tekfen is ₺55.55. 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 Tekfen.
  • 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 Tekfen, 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 ₺59.55. Based on the TTM, the Book Value Change Per Share is ₺7.73 per quarter. Based on the YOY, the Book Value Change Per Share is ₺1.94 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 ₺1.82 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Tekfen.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps-0.14-0.2%-0.020.0%0.070.1%0.020.0%0.020.0%
Usd Book Value Change Per Share0.851.5%0.240.4%0.060.1%0.070.1%0.040.1%
Usd Dividend Per Share0.040.1%0.060.1%0.060.1%0.030.1%0.020.0%
Usd Total Gains Per Share0.891.6%0.300.5%0.120.2%0.110.2%0.060.1%
Usd Price Per Share1.15-1.26-0.95-0.77-0.53-
Price to Earnings Ratio-2.11-2.87-6.80--4.66-0.78-
Price-to-Total Gains Ratio1.29-12.58-10.61-14.37-24.95-
Price to Book Ratio0.62-1.18-1.19-1.14-1.20-
Price-to-Total Gains Ratio1.29-12.58-10.61-14.37-24.95-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share1.727605
Number of shares578
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.060.03
Usd Book Value Change Per Share0.240.07
Usd Total Gains Per Share0.300.11
Gains per Quarter (578 shares)171.6762.06
Gains per Year (578 shares)686.68248.23
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
113155667777171238
226211121364154342486
339216682051231513734
452322232738309684982
5654277934253868551230
67853335411246310271478
79163891479954011981726
810464447548661713691974
911775003617369415402222
1013085559686077117112470

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 Share2.02.00.050.0%9.03.00.075.0%14.06.00.070.0%32.06.02.080.0%56.06.06.082.4%
Book Value Change Per Share3.01.00.075.0%11.01.00.091.7%17.03.00.085.0%33.07.00.082.5%55.012.01.080.9%
Dividend per Share4.00.00.0100.0%11.00.01.091.7%17.00.03.085.0%31.00.09.077.5%54.00.014.079.4%
Total Gains per Share4.00.00.0100.0%12.00.00.0100.0%19.01.00.095.0%38.02.00.095.0%62.05.01.091.2%

Fundamentals of Tekfen

About Tekfen Holding AS

Tekfen Holding Anonim Sirketi, together with its subsidiaries, engages in engineering and contracting, chemical, agriculture, services, and investment businesses in Turkey, CIS countries, the Middle Eastern countries, and internationally. It operates through three segments: Engineering and Contracting, Agricultural Industry, and Investment. The company engages in the construction of petrochemical facilities, pipelines, land and marine terminals, offshore platforms, tank farms, oil refineries, pumping stations, and power plants, as well as highways, subways, bridges, tunnels, electrical and instrumentation projects, infrastructure projects, production facilities, commercial and technical building complexes, and sports complexes. It offers mineral, special water soluble, and organic/organomineral fertilizers; solid and liquid organic fertilizers from wastes; and generates biogas and electricity from biogas. In addition, the company produces and sells plant tissue, banana sapling cultivation, high quality potato seed, and certified wheat germ, as well as exports cherry, apricot, pomegranate, plum, and figs. Further, it engages in the terminal management; ship agency business; free zone operations; insurance; development, leasing, operation, and management of properties; facility management services, including management of spaces, such as parking facilities, conference halls, restaurants, and fitness centers; management services; trading of fertilizers; manufacture of fruits; and trading activities. The company was founded in 1956 and is based in Istanbul, Turkey.

Fundamental data was last updated by Penke on 2024-05-20 10:31:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating less efficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is just able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just able to pay all its debts with equity.

Valuation

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

1.1. Profitability of Tekfen Holding AS.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Tekfen to the Engineering & Construction industry mean.
  • A Net Profit Margin of -9.9% means that ₤-0.10 for each ₤1 in revenue is generated as profit.

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

  • The MRQ is -9.9%. The company is making a loss. -1
  • The TTM is -1.1%. The company is making a loss. -1
Trends
Current periodCompared to+/- 
MRQ-9.9%TTM-1.1%-8.8%
TTM-1.1%YOY10.3%-11.4%
TTM-1.1%5Y4.9%-5.9%
5Y4.9%10Y6.3%-1.4%
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ-9.9%2.4%-12.3%
TTM-1.1%2.2%-3.3%
YOY10.3%2.2%+8.1%
5Y4.9%2.1%+2.8%
10Y6.3%2.6%+3.7%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Tekfen to the Engineering & Construction industry mean.
  • -3.1% Return on Assets means that Tekfen generated ₤-0.03 profit for each $1 in assets.

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

  • The MRQ is -3.1%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -0.5%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-3.1%TTM-0.5%-2.6%
TTM-0.5%YOY2.8%-3.3%
TTM-0.5%5Y1.3%-1.8%
5Y1.3%10Y1.5%-0.2%
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ-3.1%0.7%-3.8%
TTM-0.5%0.7%-1.2%
YOY2.8%0.7%+2.1%
5Y1.3%0.7%+0.6%
10Y1.5%0.9%+0.6%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Tekfen to the Engineering & Construction industry mean.
  • -7.5% Return on Equity means Tekfen generated ₤-0.07 for each ₤1 the owners (shareholders) invested.

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

  • The MRQ is -7.5%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -0.9%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-7.5%TTM-0.9%-6.6%
TTM-0.9%YOY9.0%-9.9%
TTM-0.9%5Y3.6%-4.5%
5Y3.6%10Y4.4%-0.7%
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ-7.5%2.1%-9.6%
TTM-0.9%2.3%-3.2%
YOY9.0%2.2%+6.8%
5Y3.6%2.1%+1.5%
10Y4.4%2.5%+1.9%

1.2. Operating Efficiency of Tekfen Holding AS.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Tekfen is operating .

  • Measures how much profit Tekfen 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 Tekfen to the Engineering & Construction 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 Tekfen Holding AS:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM2.0%-2.0%
TTM2.0%YOY9.2%-7.2%
TTM2.0%5Y6.3%-4.3%
5Y6.3%10Y5.1%+1.1%
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ-4.1%-4.1%
TTM2.0%2.1%-0.1%
YOY9.2%3.4%+5.8%
5Y6.3%3.6%+2.7%
10Y5.1%3.6%+1.5%
1.2.2. Operating Ratio

Measures how efficient Tekfen is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Engineering & Construction industry mean).
  • An Operation Ratio of 2.29 means that the operating costs are ₤2.29 for each ₤1 in net sales.

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

  • The MRQ is 2.293. The company is inefficient in keeping operating costs low. -1
  • The TTM is 1.956. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ2.293TTM1.956+0.337
TTM1.956YOY1.822+0.134
TTM1.9565Y1.860+0.096
5Y1.86010Y1.536+0.324
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ2.2931.762+0.531
TTM1.9561.727+0.229
YOY1.8221.679+0.143
5Y1.8601.539+0.321
10Y1.5361.302+0.234

1.3. Liquidity of Tekfen Holding AS.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Engineering & Construction industry mean).
  • A Current Ratio of 1.01 means the company has ₤1.01 in assets for each ₤1 in short-term debts.

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

  • The MRQ is 1.011. The company is just able to pay all its short-term debts.
  • The TTM is 1.086. The company is just able to pay all its short-term debts.
Trends
Current periodCompared to+/- 
MRQ1.011TTM1.086-0.075
TTM1.086YOY1.145-0.059
TTM1.0865Y1.217-0.131
5Y1.21710Y0.854+0.363
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ1.0111.307-0.296
TTM1.0861.305-0.219
YOY1.1451.327-0.182
5Y1.2171.359-0.142
10Y0.8541.325-0.471
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Tekfen to the Engineering & Construction industry mean.
  • A Quick Ratio of 0.22 means the company can pay off ₤0.22 for each ₤1 in debt (using most liquid assets).

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

  • The MRQ is 0.222. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.372. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.222TTM0.372-0.150
TTM0.372YOY0.493-0.121
TTM0.3725Y0.409-0.037
5Y0.40910Y0.435-0.026
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ0.2220.596-0.374
TTM0.3720.675-0.303
YOY0.4930.846-0.353
5Y0.4090.905-0.496
10Y0.4350.940-0.505

1.4. Solvency of Tekfen Holding AS.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Tekfen to Engineering & Construction industry mean.
  • A Debt to Asset Ratio of 0.58 means that Tekfen assets are financed with 58.2% credit (debt) and the remaining percentage (100% - 58.2%) is financed by its owners/shareholders. 

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

  • The MRQ is 0.582. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.658. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.582TTM0.658-0.075
TTM0.658YOY0.687-0.030
TTM0.6585Y0.619+0.039
5Y0.61910Y0.628-0.009
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ0.5820.624-0.042
TTM0.6580.621+0.037
YOY0.6870.619+0.068
5Y0.6190.608+0.011
10Y0.6280.600+0.028
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Tekfen to the Engineering & Construction industry mean.
  • A Debt to Equity ratio of 141.6% means that company has ₤1.42 debt for each ₤1 in shareholders equity.

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

  • The MRQ is 1.416. The company is able to pay all its debts with equity. +1
  • The TTM is 1.995. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.416TTM1.995-0.579
TTM1.995YOY2.242-0.247
TTM1.9955Y1.706+0.288
5Y1.70610Y1.763-0.057
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
MRQ1.4161.631-0.215
TTM1.9951.653+0.342
YOY2.2421.623+0.619
5Y1.7061.619+0.087
10Y1.7631.671+0.092

2. Market Valuation of Tekfen 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 Tekfen generates.

  • Above 15 is considered overpriced but always compare Tekfen to the Engineering & Construction industry mean.
  • A PE ratio of -2.11 means the investor is paying ₤-2.11 for every ₤1 in earnings.

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

  • The EOD is -3.168. Based on the earnings, the company is expensive. -2
  • The MRQ is -2.105. Based on the earnings, the company is expensive. -2
  • The TTM is 2.869. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD-3.168MRQ-2.105-1.062
MRQ-2.105TTM2.869-4.975
TTM2.869YOY6.798-3.928
TTM2.8695Y-4.661+7.530
5Y-4.66110Y0.781-5.442
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
EOD-3.1687.954-11.122
MRQ-2.1057.034-9.139
TTM2.8698.602-5.733
YOY6.7988.850-2.052
5Y-4.66111.559-16.220
10Y0.78115.289-14.508
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is 1.372. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The MRQ is 0.912. Based on how much money comes from the company's main activities, the company is cheap. +2
  • The TTM is -1.298. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD1.372MRQ0.912+0.460
MRQ0.912TTM-1.298+2.210
TTM-1.298YOY9.419-10.718
TTM-1.2985Y86.801-88.100
5Y86.80110Y44.346+42.456
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
EOD1.3720.291+1.081
MRQ0.9120.347+0.565
TTM-1.2980.379-1.677
YOY9.4190.619+8.800
5Y86.8010.427+86.374
10Y44.346-0.080+44.426
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Engineering & Construction industry mean).
  • A PB ratio of 0.62 means the investor is paying ₤0.62 for each ₤1 in book value.

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

  • The EOD is 0.933. Based on the equity, the company is cheap. +2
  • The MRQ is 0.620. Based on the equity, the company is cheap. +2
  • The TTM is 1.178. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD0.933MRQ0.620+0.313
MRQ0.620TTM1.178-0.558
TTM1.178YOY1.190-0.011
TTM1.1785Y1.143+0.035
5Y1.14310Y1.198-0.055
Compared to industry (Engineering & Construction)
PeriodCompanyIndustry (mean)+/- 
EOD0.9331.192-0.259
MRQ0.6201.096-0.476
TTM1.1781.120+0.058
YOY1.1901.149+0.041
5Y1.1431.333-0.190
10Y1.1981.722-0.524
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Tekfen 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--27.3197.731+253%1.936+1311%2.379+1048%1.359+1911%
Book Value Per Share--59.54537.533+59%24.968+138%22.314+167%14.640+307%
Current Ratio--1.0111.086-7%1.145-12%1.217-17%0.854+18%
Debt To Asset Ratio--0.5820.658-11%0.687-15%0.619-6%0.628-7%
Debt To Equity Ratio--1.4161.995-29%2.242-37%1.706-17%1.763-20%
Dividend Per Share--1.2971.819-29%1.949-33%1.073+21%0.685+89%
Eps---4.384-0.777-82%2.347-287%0.611-817%0.505-969%
Free Cash Flow Per Share--10.1250.665+1422%-0.842+108%-0.196+102%0.577+1655%
Free Cash Flow To Equity Per Share--10.125-0.459+105%-0.999+110%-0.465+105%0.390+2494%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%0.950+5%
Intrinsic Value_10Y_max--575.351--------
Intrinsic Value_10Y_min--138.206--------
Intrinsic Value_1Y_max--10.334--------
Intrinsic Value_1Y_min--2.154--------
Intrinsic Value_3Y_max--67.113--------
Intrinsic Value_3Y_min--16.641--------
Intrinsic Value_5Y_max--167.371--------
Intrinsic Value_5Y_min--42.159--------
Market Cap20553500000.000+34%13660400000.00014944300000.000-9%11249850000.000+21%9155286874.700+49%6319161891.525+116%
Net Profit Margin---0.099-0.011-89%0.103-196%0.049-304%0.063-257%
Operating Margin---0.020-100%0.092-100%0.063-100%0.051-100%
Operating Ratio--2.2931.956+17%1.822+26%1.860+23%1.536+49%
Pb Ratio0.933+34%0.6201.178-47%1.190-48%1.143-46%1.198-48%
Pe Ratio-3.168-50%-2.1052.869-173%6.798-131%-4.661+121%0.781-369%
Price Per Share55.550+34%36.92040.390-9%30.405+21%24.744+49%17.075+116%
Price To Free Cash Flow Ratio1.372+34%0.912-1.298+242%9.419-90%86.801-99%44.346-98%
Price To Total Gains Ratio1.941+34%1.29012.580-90%10.614-88%14.368-91%24.946-95%
Quick Ratio--0.2220.372-40%0.493-55%0.409-46%0.435-49%
Return On Assets---0.031-0.005-84%0.028-209%0.013-339%0.015-302%
Return On Equity---0.075-0.009-88%0.090-183%0.036-306%0.044-271%
Total Gains Per Share--28.6169.550+200%3.885+637%3.452+729%2.043+1300%
Usd Book Value--685189850.800431892355.400+59%287305524.225+138%256769421.650+167%168483539.365+307%
Usd Book Value Change Per Share--0.8500.240+253%0.060+1311%0.074+1048%0.042+1911%
Usd Book Value Per Share--1.8521.167+59%0.777+138%0.694+167%0.455+307%
Usd Dividend Per Share--0.0400.057-29%0.061-33%0.033+21%0.021+89%
Usd Eps---0.136-0.024-82%0.073-287%0.019-817%0.016-969%
Usd Free Cash Flow--116509992.2007656454.575+1422%-9684493.350+108%-2258475.780+102%6642361.325+1654%
Usd Free Cash Flow Per Share--0.3150.021+1422%-0.026+108%-0.006+102%0.018+1655%
Usd Free Cash Flow To Equity Per Share--0.315-0.014+105%-0.031+110%-0.014+105%0.012+2494%
Usd Market Cap639213850.000+34%424838440.000464767730.000-9%349870335.000+21%284729421.803+49%196525934.826+116%
Usd Price Per Share1.728+34%1.1481.256-9%0.946+21%0.770+49%0.531+116%
Usd Profit---50444915.300-8939360.675-82%27005202.950-287%7033939.870-817%5809928.618-968%
Usd Revenue--508907835.600335382438.875+52%238447525.300+113%180940729.890+181%115964425.893+339%
Usd Total Gains Per Share--0.8900.297+200%0.121+637%0.107+729%0.064+1300%
 EOD+5 -3MRQTTM+18 -17YOY+21 -145Y+22 -1310Y+25 -11

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-3.168
Price to Book Ratio (EOD)Between0-10.933
Net Profit Margin (MRQ)Greater than0-0.099
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.222
Current Ratio (MRQ)Greater than11.011
Debt to Asset Ratio (MRQ)Less than10.582
Debt to Equity Ratio (MRQ)Less than11.416
Return on Equity (MRQ)Greater than0.15-0.075
Return on Assets (MRQ)Greater than0.05-0.031
Total3/10 (30.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5066.146
Ma 20Greater thanMa 5052.867
Ma 50Greater thanMa 10046.406
Ma 100Greater thanMa 20044.191
OpenGreater thanClose55.750
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
Minority Interest  6,5697,52214,09122,87236,963-29,7277,236-63,798-56,562
Gross Profit  879,462-92,756786,706531,8631,318,569-304,6141,013,955-2,904,207-1,890,252
Operating Income  473,105-352,437120,668528,380649,048-373,605275,443-3,183,478-2,908,035



Latest Balance Sheet

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

Summary
Total Assets52,747,812
Total Liabilities30,715,984
Total Stockholder Equity21,692,859
 As reported
Total Liabilities 30,715,984
Total Stockholder Equity+ 21,692,859
Total Assets = 52,747,812

Assets

Total Assets52,747,812
Total Current Assets27,409,735
Long-term Assets25,338,077
Total Current Assets
Cash And Cash Equivalents 6,592,988
Short-term Investments 31,698
Net Receivables 5,995,589
Inventory 9,879,184
Other Current Assets 876,019
Total Current Assets  (as reported)27,409,735
Total Current Assets  (calculated)23,375,478
+/- 4,034,257
Long-term Assets
Property Plant Equipment 15,892,281
Goodwill 240,599
Intangible Assets 149,093
Long-term Assets Other 122,362
Long-term Assets  (as reported)25,338,077
Long-term Assets  (calculated)16,404,335
+/- 8,933,742

Liabilities & Shareholders' Equity

Total Current Liabilities27,114,284
Long-term Liabilities3,601,700
Total Stockholder Equity21,692,859
Total Current Liabilities
Short Long Term Debt 6,570,245
Accounts payable 11,029,899
Other Current Liabilities 34,687
Total Current Liabilities  (as reported)27,114,284
Total Current Liabilities  (calculated)17,634,831
+/- 9,479,453
Long-term Liabilities
Capital Lease Obligations Min Short Term Debt297,682
Long-term Liabilities Other 2,407,660
Long-term Liabilities  (as reported)3,601,700
Long-term Liabilities  (calculated)2,705,342
+/- 896,358
Total Stockholder Equity
Retained Earnings 10,863,184
Total Stockholder Equity (as reported)21,692,859
Total Stockholder Equity (calculated)10,863,184
+/- 10,829,675
Other
Capital Stock370,000
Common Stock Shares Outstanding 370,000
Net Debt 2,290,075
Net Invested Capital 30,575,922
Net Working Capital 295,451
Property Plant and Equipment Gross 40,468,327



Balance Sheet

Currency in TRY. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-09-302010-06-302010-03-312009-12-312009-09-302009-06-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-03-312006-12-31
> Total Assets 
3,052,229
0
1,975,442
2,420,785
2,634,962
2,640,012
2,830,810
2,996,750
2,982,733
2,885,585
2,888,455
2,773,823
2,884,320
2,883,641
2,849,684
3,065,881
3,208,235
3,392,238
3,665,160
3,747,730
3,944,578
3,991,533
3,957,647
4,133,212
4,430,804
4,260,261
4,455,055
4,697,420
4,907,552
4,907,424
4,996,696
4,955,482
5,346,205
5,479,544
6,086,897
5,626,055
5,661,786
5,649,295
5,769,581
6,668,809
8,561,539
8,500,542
8,368,667
9,366,750
9,836,624
10,610,319
12,847,915
12,035,520
13,435,368
12,460,670
12,241,508
12,663,148
12,662,344
12,719,024
14,616,946
13,917,033
15,628,932
15,975,706
17,405,184
21,913,573
25,796,661
27,998,073
32,051,029
32,187,365
32,102,022
35,845,780
37,780,823
52,747,812
52,747,81237,780,82335,845,78032,102,02232,187,36532,051,02927,998,07325,796,66121,913,57317,405,18415,975,70615,628,93213,917,03314,616,94612,719,02412,662,34412,663,14812,241,50812,460,67013,435,36812,035,52012,847,91510,610,3199,836,6249,366,7508,368,6678,500,5428,561,5396,668,8095,769,5815,649,2955,661,7865,626,0556,086,8975,479,5445,346,2054,955,4824,996,6964,907,4244,907,5524,697,4204,455,0554,260,2614,430,8044,133,2123,957,6473,991,5333,944,5783,747,7303,665,1603,392,2383,208,2353,065,8812,849,6842,883,6412,884,3202,773,8232,888,4552,885,5852,982,7332,996,7502,830,8102,640,0122,634,9622,420,7851,975,44203,052,229
   > 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
6,349,050
6,365,885
6,265,732
7,013,920
7,260,092
8,039,588
9,736,738
8,922,623
10,065,218
8,944,033
8,686,037
9,217,274
8,550,829
7,924,878
9,206,766
9,013,197
10,590,856
10,440,011
11,903,475
15,407,337
18,580,004
20,101,916
23,258,933
22,403,234
22,003,136
22,764,271
24,058,314
27,409,735
27,409,73524,058,31422,764,27122,003,13622,403,23423,258,93320,101,91618,580,00415,407,33711,903,47510,440,01110,590,8569,013,1979,206,7667,924,8788,550,8299,217,2748,686,0378,944,03310,065,2188,922,6239,736,7388,039,5887,260,0927,013,9206,265,7326,365,8856,349,0500000000000000000000000000000000000000000
       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
3,101,271
2,950,726
2,830,646
2,985,833
3,760,617
3,737,555
4,725,602
4,581,600
4,520,425
4,292,250
3,977,026
4,094,625
3,935,450
3,014,760
2,944,223
3,259,116
3,413,211
3,174,441
3,837,925
5,064,108
3,244,979
3,463,407
4,145,651
4,151,531
5,544,253
2,573,119
3,898,857
6,592,988
6,592,9883,898,8572,573,1195,544,2534,151,5314,145,6513,463,4073,244,9795,064,1083,837,9253,174,4413,413,2113,259,1162,944,2233,014,7603,935,4504,094,6253,977,0264,292,2504,520,4254,581,6004,725,6023,737,5553,760,6172,985,8332,830,6462,950,7263,101,2710000000000000000000000000000000000000000
       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
57,400
109,677
14,213
330,126
88,037
325,898
10,711
132,101
453,004
98,280
296,028
12,782
86,069
4,105
4,685
82,118
75,468
3,958
0
51,845
1,992,503
2,584,900
3,087,342
1,769,033
1,183,715
2,033,121
1,776,403
31,698
31,6981,776,4032,033,1211,183,7151,769,0333,087,3422,584,9001,992,50351,84503,95875,46882,1184,6854,10586,06912,782296,02898,280453,004132,10110,711325,89888,037330,12614,213109,67757,4000000000000000000000000000000000000000000
       Net Receivables 
548,616
0
593,403
617,825
662,449
745,571
729,051
955,046
971,247
917,339
921,902
810,315
829,800
837,158
886,336
841,144
907,273
890,875
1,005,484
1,181,218
1,322,858
1,205,447
1,349,408
1,376,985
1,538,290
1,422,988
1,558,592
1,496,419
1,346,540
1,413,946
1,449,881
1,289,462
1,415,366
1,472,176
1,727,535
1,609,767
1,480,870
1,355,017
1,388,401
1,763,082
1,719,135
1,804,060
1,983,631
2,295,433
1,789,564
2,087,861
2,212,831
2,037,392
2,323,915
2,086,794
1,399,986
2,907,160
1,956,979
2,385,013
3,402,552
2,942,466
3,857,887
3,832,559
4,060,748
5,203,270
6,294,427
6,640,811
6,882,167
7,044,000
7,987,230
8,813,217
4,123,648
5,995,589
5,995,5894,123,6488,813,2177,987,2307,044,0006,882,1676,640,8116,294,4275,203,2704,060,7483,832,5593,857,8872,942,4663,402,5522,385,0131,956,9792,907,1601,399,9862,086,7942,323,9152,037,3922,212,8312,087,8611,789,5642,295,4331,983,6311,804,0601,719,1351,763,0821,388,4011,355,0171,480,8701,609,7671,727,5351,472,1761,415,3661,289,4621,449,8811,413,9461,346,5401,496,4191,558,5921,422,9881,538,2901,376,9851,349,4081,205,4471,322,8581,181,2181,005,484890,875907,273841,144886,336837,158829,800810,315921,902917,339971,247955,046729,051745,571662,449617,825593,4030548,616
       Inventory 
236,099
0
223,096
249,398
177,005
308,654
544,043
392,338
325,817
300,846
251,567
280,426
226,686
262,653
281,201
303,281
272,933
335,839
460,863
496,871
383,629
457,268
433,981
433,467
342,712
502,354
578,621
521,174
477,748
562,201
632,681
722,479
625,238
691,975
862,037
891,446
662,590
753,171
846,879
968,741
964,722
971,076
879,965
948,789
897,423
1,001,571
1,384,643
1,370,565
1,151,378
1,225,769
1,739,100
1,448,934
1,498,932
1,797,382
1,910,878
2,033,545
2,132,714
2,433,310
2,942,804
3,952,236
5,211,561
5,635,703
7,538,352
7,930,873
5,614,447
6,735,679
7,419,880
9,879,184
9,879,1847,419,8806,735,6795,614,4477,930,8737,538,3525,635,7035,211,5613,952,2362,942,8042,433,3102,132,7142,033,5451,910,8781,797,3821,498,9321,448,9341,739,1001,225,7691,151,3781,370,5651,384,6431,001,571897,423948,789879,965971,076964,722968,741846,879753,171662,590891,446862,037691,975625,238722,479632,681562,201477,748521,174578,621502,354342,712433,467433,981457,268383,629496,871460,863335,839272,933303,281281,201262,653226,686280,426251,567300,846325,817392,338544,043308,654177,005249,398223,0960236,099
   > 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
3,370,150
3,516,637
3,555,471
3,445,874
4,111,515
4,794,146
5,410,180
4,903,836
5,038,076
5,535,695
5,501,709
6,506,236
7,216,657
7,896,157
8,792,096
9,784,131
10,098,886
13,081,509
13,722,509
25,338,077
25,338,07713,722,50913,081,50910,098,8869,784,1318,792,0967,896,1577,216,6576,506,2365,501,7095,535,6955,038,0764,903,8365,410,1804,794,1464,111,5153,445,8743,555,4713,516,6373,370,150000000000000000000000000000000000000000000000000
       Property Plant Equipment 
548,393
0
581,534
586,459
629,051
622,048
629,057
684,183
707,622
641,130
634,675
634,700
612,962
627,293
589,262
602,059
597,841
609,894
658,733
689,962
692,534
735,885
740,032
765,309
746,230
793,770
830,559
904,712
984,785
1,076,939
1,170,898
1,185,759
1,247,454
1,305,225
1,438,717
1,379,244
1,378,094
1,399,042
1,399,513
1,487,673
1,495,735
1,511,653
1,506,574
1,597,309
1,655,250
1,731,520
2,011,814
1,989,226
2,091,254
2,121,905
2,129,298
2,190,388
2,279,708
2,457,454
2,624,813
2,639,716
2,789,913
2,874,110
2,880,076
3,503,719
3,752,407
4,066,772
4,274,343
4,586,525
4,768,804
5,895,226
5,964,791
15,892,281
15,892,2815,964,7915,895,2264,768,8044,586,5254,274,3434,066,7723,752,4073,503,7192,880,0762,874,1102,789,9132,639,7162,624,8132,457,4542,279,7082,190,3882,129,2982,121,9052,091,2541,989,2262,011,8141,731,5201,655,2501,597,3091,506,5741,511,6531,495,7351,487,6731,399,5131,399,0421,378,0941,379,2441,438,7171,305,2251,247,4541,185,7591,170,8981,076,939984,785904,712830,559793,770746,230765,309740,032735,885692,534689,962658,733609,894597,841602,059589,262627,293612,962634,700634,675641,130707,622684,183629,057622,048629,051586,459581,5340548,393
       Goodwill 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
44,168
45,940
139,208
79,896
85,478
88,408
152,786
61,424
87,111
88,941
92,106
91,838
93,545
86,062
85,949
95,687
99,312
102,017
102,911
107,395
109,328
125,714
127,668
240,599
240,599127,668125,714109,328107,395102,911102,01799,31295,68785,94986,06293,54591,83892,10688,94187,11161,424152,78688,40885,47879,896139,20845,94044,16800000000000000000000000000000000000000000000
       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
317,799
396,578
310,544
376,481
410,978
355,571
409,987
413,159
431,238
520,227
492,248
497,465
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000497,465492,248520,227431,238413,159409,987355,571410,978376,481310,544396,578317,7990000000000000000000000000000000000000000
       Intangible Assets 
4,203
0
4,451
4,293
4,629
3,853
2,822
3,097
3,037
2,446
2,081
2,778
2,589
3,186
2,750
2,735
2,740
2,810
3,031
1,945
2,438
2,502
2,583
2,726
3,035
1,699
2,139
3,311
4,077
4,601
4,537
4,714
5,735
5,902
6,302
14,604
14,636
14,803
14,719
16,678
19,339
18,687
19,242
20,236
69,640
22,938
26,206
35,116
36,301
38,727
40,538
45,035
47,022
42,985
43,197
44,257
47,733
46,066
43,573
55,012
56,174
59,379
58,719
58,212
56,627
63,117
61,837
149,093
149,09361,83763,11756,62758,21258,71959,37956,17455,01243,57346,06647,73344,25743,19742,98547,02245,03540,53838,72736,30135,11626,20622,93869,64020,23619,24218,68719,33916,67814,71914,80314,63614,6046,3025,9025,7354,7144,5374,6014,0773,3112,1391,6993,0352,7262,5832,5022,4381,9453,0312,8102,7402,7352,7503,1862,5892,7782,0812,4463,0373,0972,8223,8534,6294,2934,45104,203
       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
187,648
199,015
208,220
3,445,874
23,263
22,608
21,255
0
19,797
24,228
26,548
0
41,419
57,077
67,325
0
96,350
90,193
124,470
122,362
122,362124,47090,19396,350067,32557,07741,419026,54824,22819,797021,25522,60823,2633,445,874208,220199,015187,648000000000000000000000000000000000000000000000000
> Total Liabilities 
2,418,711
0
1,170,254
1,203,681
1,310,380
1,274,042
1,409,755
1,654,027
1,579,244
1,502,184
1,457,151
1,329,915
1,320,434
1,307,009
1,268,250
1,383,202
1,461,122
1,627,792
1,820,108
1,860,124
1,952,300
2,035,133
1,962,167
2,021,947
2,180,387
2,279,592
2,460,519
2,775,223
2,825,867
2,811,255
2,803,535
2,959,418
3,278,841
3,420,429
3,966,817
3,540,920
3,494,289
3,421,741
3,551,268
4,289,352
6,144,993
5,899,286
5,645,248
6,358,436
6,785,686
7,176,267
8,624,373
7,611,125
8,561,147
7,289,644
6,850,307
7,166,278
7,264,662
7,030,426
8,391,404
8,106,133
9,120,072
9,059,721
9,987,834
14,188,113
18,063,038
19,042,251
22,378,195
21,597,165
21,740,880
24,613,709
25,857,008
30,715,984
30,715,98425,857,00824,613,70921,740,88021,597,16522,378,19519,042,25118,063,03814,188,1139,987,8349,059,7219,120,0728,106,1338,391,4047,030,4267,264,6627,166,2786,850,3077,289,6448,561,1477,611,1258,624,3737,176,2676,785,6866,358,4365,645,2485,899,2866,144,9934,289,3523,551,2683,421,7413,494,2893,540,9203,966,8173,420,4293,278,8412,959,4182,803,5352,811,2552,825,8672,775,2232,460,5192,279,5922,180,3872,021,9471,962,1672,035,1331,952,3001,860,1241,820,1081,627,7921,461,1221,383,2021,268,2501,307,0091,320,4341,329,9151,457,1511,502,1841,579,2441,654,0271,409,7551,274,0421,310,3801,203,6811,170,25402,418,711
   > Total Current Liabilities 
2,220,106
0
1,002,517
1,020,350
1,155,894
1,092,433
1,276,148
1,530,977
1,443,900
1,389,013
1,357,283
1,231,268
1,163,889
1,224,259
1,157,086
1,286,804
1,374,367
1,491,556
1,671,296
1,695,794
1,842,433
1,895,263
1,821,109
1,824,300
2,014,864
2,092,372
2,242,726
2,326,434
2,435,905
2,379,017
2,236,472
2,277,766
2,601,793
2,738,014
3,292,482
2,889,548
2,823,848
3,039,526
3,183,518
3,896,563
5,757,788
5,439,485
5,163,517
5,586,667
6,016,001
6,314,215
7,613,777
6,762,257
7,591,421
6,585,863
6,143,296
6,645,129
6,681,968
6,357,436
7,677,233
7,474,512
8,463,673
8,251,577
9,169,961
13,073,283
16,839,474
17,651,197
20,892,240
18,287,702
18,836,782
21,099,247
22,138,199
27,114,284
27,114,28422,138,19921,099,24718,836,78218,287,70220,892,24017,651,19716,839,47413,073,2839,169,9618,251,5778,463,6737,474,5127,677,2336,357,4366,681,9686,645,1296,143,2966,585,8637,591,4216,762,2577,613,7776,314,2156,016,0015,586,6675,163,5175,439,4855,757,7883,896,5633,183,5183,039,5262,823,8482,889,5483,292,4822,738,0142,601,7932,277,7662,236,4722,379,0172,435,9052,326,4342,242,7262,092,3722,014,8641,824,3001,821,1091,895,2631,842,4331,695,7941,671,2961,491,5561,374,3671,286,8041,157,0861,224,2591,163,8891,231,2681,357,2831,389,0131,443,9001,530,9771,276,1481,092,4331,155,8941,020,3501,002,51702,220,106
       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
1,245,662
1,293,995
101,972
108,693
127,748
139,053
178,323
152,774
537,246
542,341
551,754
594,748
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000594,748551,754542,341537,246152,774178,323139,053127,748108,693101,9721,293,9951,245,6620000000000000000000000000000000000000000
       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
1,245,662
1,293,995
101,972
108,693
127,748
139,053
178,323
152,774
537,246
542,341
551,754
594,748
300,323
756,547
1,682,742
2,053,844
2,237,705
2,208,420
2,403,573
3,140,550
4,344,176
4,724,907
5,167,145
2,632,961
2,917,009
4,436,287
5,616,392
6,570,245
6,570,2455,616,3924,436,2872,917,0092,632,9615,167,1454,724,9074,344,1763,140,5502,403,5732,208,4202,237,7052,053,8441,682,742756,547300,323594,748551,754542,341537,246152,774178,323139,053127,748108,693101,9721,293,9951,245,6620000000000000000000000000000000000000000
       Accounts payable 
393,186
0
311,700
337,807
343,839
370,699
519,547
604,795
460,828
511,107
498,336
469,170
461,455
433,315
421,767
512,151
525,308
582,813
675,660
806,757
855,350
883,585
845,795
915,742
995,280
1,108,969
1,009,876
1,145,610
1,091,551
1,074,885
1,019,543
1,106,045
1,292,620
1,360,922
1,481,659
1,211,742
1,148,939
1,164,043
1,183,715
1,528,819
1,610,589
1,659,180
1,644,998
2,038,626
2,028,244
2,364,555
3,194,837
2,863,769
6,009,742
2,922,511
2,903,432
3,330,476
3,514,313
3,654,455
4,086,421
3,418,087
4,193,194
4,048,244
4,476,745
6,832,598
7,909,463
8,526,347
10,107,764
10,566,301
9,784,005
10,280,217
10,053,173
11,029,899
11,029,89910,053,17310,280,2179,784,00510,566,30110,107,7648,526,3477,909,4636,832,5984,476,7454,048,2444,193,1943,418,0874,086,4213,654,4553,514,3133,330,4762,903,4322,922,5116,009,7422,863,7693,194,8372,364,5552,028,2442,038,6261,644,9981,659,1801,610,5891,528,8191,183,7151,164,0431,148,9391,211,7421,481,6591,360,9221,292,6201,106,0451,019,5431,074,8851,091,5511,145,6101,009,8761,108,969995,280915,742845,795883,585855,350806,757675,660582,813525,308512,151421,767433,315461,455469,170498,336511,107460,828604,795519,547370,699343,839337,807311,7000393,186
       Other Current Liabilities 
1,268,413
0
269,467
334,693
435,248
323,138
295,253
374,039
370,236
311,624
329,415
290,418
280,533
275,628
311,459
327,069
390,250
470,160
500,882
563,989
619,453
586,797
600,884
587,734
593,879
497,600
583,841
567,559
615,850
576,621
561,594
473,490
507,843
555,358
732,484
734,966
770,112
1,049,077
1,159,622
1,358,329
3,121,467
2,723,892
2,653,151
2,832,452
3,261,207
3,005,111
3,264,789
2,726,146
-2,999,976
5,694
5,425
2,375,248
2,083,143
1,594,203
1,612,400
1,704,851
1,761,766
1,697,847
1,983,325
2,587,245
4,159,902
3,978,924
5,206,732
4,390,336
8,777
5,407,620
47,577
34,687
34,68747,5775,407,6208,7774,390,3365,206,7323,978,9244,159,9022,587,2451,983,3251,697,8471,761,7661,704,8511,612,4001,594,2032,083,1432,375,2485,4255,694-2,999,9762,726,1463,264,7893,005,1113,261,2072,832,4522,653,1512,723,8923,121,4671,358,3291,159,6221,049,077770,112734,966732,484555,358507,843473,490561,594576,621615,850567,559583,841497,600593,879587,734600,884586,797619,453563,989500,882470,160390,250327,069311,459275,628280,533290,418329,415311,624370,236374,039295,253323,138435,248334,693269,46701,268,413
   > 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
969,726
703,781
707,011
521,149
582,694
672,990
714,171
631,621
656,399
808,144
817,873
1,114,830
1,223,564
1,391,054
1,485,955
3,309,463
2,904,098
3,514,462
3,718,809
3,601,700
3,601,7003,718,8093,514,4622,904,0983,309,4631,485,9551,391,0541,223,5641,114,830817,873808,144656,399631,621714,171672,990582,694521,149707,011703,781969,726000000000000000000000000000000000000000000000000
       Capital Lease Obligations Min Short Term Debt
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
-1,245,662
-1,293,995
-101,972
-108,693
-127,748
-139,053
-178,323
-152,774
-537,246
-542,341
-480,042
-536,881
0
0
0
63,775
60,005
62,869
61,057
66,221
55,250
49,012
43,873
113,635
37,694
405,994
788,944
297,682
297,682788,944405,99437,694113,63543,87349,01255,25066,22161,05762,86960,00563,775000-536,881-480,042-542,341-537,246-152,774-178,323-139,053-127,748-108,693-101,972-1,293,995-1,245,6620000000000000000000000000000000000000000
       Long-term Liabilities Other 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1,132
1,041
1,132
1,132
1,132
1,132
1,132
1,132
0
0
0
0
0
0
0
0
0
0
0
2,407,660
2,407,660000000000001,1321,1321,1321,1321,1321,1321,0411,132000000000000000000000000000000000000000000000000
> Total Stockholder Equity
614,291
633,518
789,035
1,201,340
1,307,510
1,349,565
1,404,941
1,323,472
1,382,547
1,364,149
1,412,627
1,424,998
1,544,835
1,557,184
1,563,184
1,663,725
1,728,473
1,744,857
1,823,447
1,856,920
1,963,440
1,925,969
1,966,573
2,081,480
2,223,898
1,952,002
1,964,106
1,890,154
2,048,742
2,064,283
2,158,979
1,959,165
2,035,160
2,024,651
2,081,073
2,057,358
2,139,213
2,202,608
2,192,167
2,349,681
2,385,889
2,570,849
2,692,447
2,975,717
3,008,806
3,386,656
4,165,070
4,367,587
4,815,899
5,125,313
5,345,709
5,428,680
5,325,593
5,609,625
6,137,205
5,730,139
6,423,366
6,829,033
7,317,379
7,595,637
7,593,810
8,801,779
9,510,048
10,428,977
10,208,952
11,045,026
11,729,071
21,692,859
21,692,85911,729,07111,045,02610,208,95210,428,9779,510,0488,801,7797,593,8107,595,6377,317,3796,829,0336,423,3665,730,1396,137,2055,609,6255,325,5935,428,6805,345,7095,125,3134,815,8994,367,5874,165,0703,386,6563,008,8062,975,7172,692,4472,570,8492,385,8892,349,6812,192,1672,202,6082,139,2132,057,3582,081,0732,024,6512,035,1601,959,1652,158,9792,064,2832,048,7421,890,1541,964,1061,952,0022,223,8982,081,4801,966,5731,925,9691,963,4401,856,9201,823,4471,744,8571,728,4731,663,7251,563,1841,557,1841,544,8351,424,9981,412,6271,364,1491,382,5471,323,4721,404,9411,349,5651,307,5101,201,340789,035633,518614,291
   Common Stock
104,000
0
230,000
296,775
296,775
296,775
296,775
296,775
296,775
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
373,475
373,475
370,000
373,475
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
370,000
0
370,000
0
0
00370,0000370,000370,000370,000370,000370,000370,000370,000370,000370,000370,000370,000370,000370,000370,000370,000370,000370,000370,000370,000370,000370,000370,000370,000370,000370,000370,000370,000370,000370,000370,000370,000370,000370,000370,000370,000370,000370,000370,000370,000373,475370,000373,475373,475370,000370,000370,000370,000370,000370,000370,000370,000370,000370,000370,000370,000296,775296,775296,775296,775296,775296,775230,0000104,000
   Retained Earnings 
380,559
0
484,886
540,716
696,918
754,608
799,545
671,399
675,536
609,110
653,227
665,860
732,670
753,138
793,786
837,055
901,000
912,717
966,584
1,016,133
1,108,505
1,090,303
1,138,927
1,241,478
1,388,572
1,108,569
1,108,534
1,018,951
1,161,838
1,202,551
1,272,151
1,071,830
1,160,072
1,148,624
1,190,839
1,223,046
1,302,819
1,367,927
1,355,100
1,474,480
1,507,154
1,730,747
1,849,944
2,084,295
2,076,302
2,349,462
2,780,916
3,219,482
3,265,283
3,656,075
3,940,972
4,199,158
3,815,616
3,897,022
3,890,982
3,699,968
4,119,005
4,436,581
4,903,224
4,510,325
4,337,478
5,313,834
6,049,371
7,709,564
7,350,073
6,730,889
6,370,398
10,863,184
10,863,1846,370,3986,730,8897,350,0737,709,5646,049,3715,313,8344,337,4784,510,3254,903,2244,436,5814,119,0053,699,9683,890,9823,897,0223,815,6164,199,1583,940,9723,656,0753,265,2833,219,4822,780,9162,349,4622,076,3022,084,2951,849,9441,730,7471,507,1541,474,4801,355,1001,367,9271,302,8191,223,0461,190,8391,148,6241,160,0721,071,8301,272,1511,202,5511,161,8381,018,9511,108,5341,108,5691,388,5721,241,4781,138,9271,090,3031,108,5051,016,133966,584912,717901,000837,055793,786753,138732,670665,860653,227609,110675,536671,399799,545754,608696,918540,716484,8860380,559
   Capital Surplus 00000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock00000000000000000000000000000000000000000000000000000000000000000000
   Other Stockholders Equity 
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
207,751
169,118
171,519
220,438
261,520
366,210
713,170
477,121
601,209
519,831
455,330
558,538
838,993
1,041,619
1,575,239
1,359,187
1,633,377
1,721,468
1,743,171
2,414,328
2,585,348
2,816,961
2,789,693
2,048,429
0
3,643,153
0
0
003,643,15302,048,4292,789,6932,816,9612,585,3482,414,3281,743,1711,721,4681,633,3771,359,1871,575,2391,041,619838,993558,538455,330519,831601,209477,121713,170366,210261,520220,438171,519169,118207,7510000000000000000000000000000000000000000



Balance Sheet

Currency in TRY. All numbers in thousands.