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Turcas Petrol AS
Buy, Hold or Sell?

Let's analyse Turcas together

PenkeI guess you are interested in Turcas Petrol 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 Turcas Petrol 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 Turcas (30 sec.)










What can you expect buying and holding a share of Turcas? (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?
30.0%

What is your share worth?

Current worth
₺25.97
Expected worth in 1 year
₺47.65
How sure are you?
52.5%

+ What do you gain per year?

Total Gains per Share
₺21.68
Return On Investment
72.8%

For what price can you sell your share?

Current Price per Share
₺29.78
Expected price per share
₺23.60 - ₺33.84
How sure are you?
50%

1. Valuation of Turcas (5 min.)




Live pricePrice per Share (EOD)

₺29.78

Intrinsic Value Per Share

₺-7.79 - ₺-9.32

Total Value Per Share

₺18.18 - ₺16.65

2. Growth of Turcas (5 min.)




Is Turcas growing?

Current yearPrevious yearGrowGrow %
How rich?$200.9m$40.2m$39.4m49.5%

How much money is Turcas making?

Current yearPrevious yearGrowGrow %
Making money$2.8m$6.2m-$3.3m-114.9%
Net Profit Margin0.0%0.0%--

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

3. Financial Health of Turcas (5 min.)




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

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

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

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

Speculation

The Price per Share of Turcas is ₺29.78. 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 Turcas.
  • 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 Turcas, 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 ₺25.97. Based on the TTM, the Book Value Change Per Share is ₺5.42 per quarter. Based on the YOY, the Book Value Change Per Share is ₺0.88 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 Turcas.

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-0.05-0.2%0.010.0%0.030.1%0.010.0%0.010.0%
Usd Book Value Change Per Share0.582.0%0.170.6%0.030.1%0.040.1%0.020.1%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share0.582.0%0.170.6%0.030.1%0.040.1%0.020.1%
Usd Price Per Share0.60-0.59-0.40-0.26-0.16-
Price to Earnings Ratio-3.01-1.35--2.11--2.05-1.46-
Price-to-Total Gains Ratio1.04-8.64--7.55-10.84-26.42-
Price to Book Ratio0.74-2.92-2.61-2.44-1.58-
Price-to-Total Gains Ratio1.04-8.64--7.55-10.84-26.42-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share0.932114
Number of shares1072
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.170.04
Usd Total Gains Per Share0.170.04
Gains per Quarter (1072 shares)181.8639.89
Gains per Year (1072 shares)727.45159.56
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
107277170160150
20145514440319310
30218221710479470
40291028980638630
50363736250798790
60436543520957950
7050925079011171110
8058205806012761270
9065476533014361430
10072757260015961590

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%6.06.00.050.0%9.011.00.045.0%19.014.07.047.5%39.014.012.060.0%
Book Value Change Per Share3.01.00.075.0%6.06.00.050.0%9.011.00.045.0%18.022.00.045.0%32.029.04.049.2%
Dividend per Share0.00.04.00.0%0.00.012.00.0%0.00.020.00.0%12.00.028.030.0%31.00.034.047.7%
Total Gains per Share3.01.00.075.0%6.06.00.050.0%9.011.00.045.0%21.019.00.052.5%42.021.02.064.6%

Fundamentals of Turcas

About Turcas Petrol AS

Turcas Petrol A.S. operates as an oil and energy-focused investment company in Turkey. It operates through Oil and Electricity segments. The company's products include fuel, lubricants, and engine oil. It is also involved in the generation of power. The company was founded in 1931 and is headquartered in Istanbul, Turkey. Turcas Petrol A.S. operates as a subsidiary of Aksoy Girisimcilik Enerji Ve Turizm A.S.

Fundamental data was last updated by Penke on 2024-05-20 12:14:03.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
Using its assets, the company is efficient in making profit.
Using its investors money, the company is less efficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is just 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 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 Turcas Petrol AS.

1.1. Profitability
1.1.1. Net Profit Margin

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

  • Above 10% is considered healthy but always compare Turcas to the Utilities - Independent Power Producers industry mean.
  • A Net Profit Margin of 0.0% 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 Turcas Petrol AS:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y-29.1%+29.1%
5Y-29.1%10Y4.4%-33.5%
1.1.2. Return on Assets

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

  • Above 5% is considered healthy but always compare Turcas to the Utilities - Independent Power Producers industry mean.
  • -5.8% Return on Assets means that Turcas generated ₤-0.06 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Turcas Petrol AS:

  • The MRQ is -5.8%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is 6.1%. Using its assets, the company is efficient in making profit. +1
Trends
Current periodCompared to+/- 
MRQ-5.8%TTM6.1%-11.9%
TTM6.1%YOY9.9%-3.8%
TTM6.1%5Y2.3%+3.7%
5Y2.3%10Y1.3%+1.1%
1.1.3. Return on Equity

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

  • Above 15%-20% is considered healthy but always compare Turcas to the Utilities - Independent Power Producers industry mean.
  • -6.2% Return on Equity means Turcas generated ₤-0.06 for each ₤1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Turcas Petrol AS:

  • The MRQ is -6.2%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is 8.1%. Using its investors money, the company is less efficient in making profit.
Trends
Current periodCompared to+/- 
MRQ-6.2%TTM8.1%-14.2%
TTM8.1%YOY15.2%-7.1%
TTM8.1%5Y-0.6%+8.7%
5Y-0.6%10Y-0.3%-0.3%

1.2. Operating Efficiency of Turcas Petrol AS.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Turcas is operating .

  • Measures how much profit Turcas 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 Turcas to the Utilities - Independent Power Producers 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 Turcas Petrol AS:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.0%
TTM-YOY-0.0%
TTM-5Y-10.3%+10.3%
5Y-10.3%10Y-39.6%+29.3%
1.2.2. Operating Ratio

Measures how efficient Turcas is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Utilities - Independent Power Producers industry mean).
  • An Operation Ratio of 0.00 means that the operating costs are ₤0.00 for each ₤1 in net sales.

Let's take a look of the Operating Ratio trends of Turcas Petrol AS:

  • The MRQ is 0.000. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-0.000
TTM-YOY-0.000
TTM-5Y0.815-0.815
5Y0.81510Y1.996-1.181

1.3. Liquidity of Turcas Petrol AS.

1.3. Liquidity
1.3.1. Current Ratio

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

  • Above 1.5 is considered healthy (always compare to Utilities - Independent Power Producers industry mean).
  • A Current Ratio of 1.66 means the company has ₤1.66 in assets for each ₤1 in short-term debts.

Let's take a look of the Current Ratio trends of Turcas Petrol AS:

  • The MRQ is 1.662. The company is able to pay all its short-term debts. +1
  • The TTM is 1.592. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.662TTM1.592+0.070
TTM1.592YOY1.844-0.251
TTM1.5925Y1.307+0.286
5Y1.30710Y0.816+0.491
1.3.2. Quick Ratio

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

  • Above 1 is considered healthy but always compare Turcas to the Utilities - Independent Power Producers industry mean.
  • A Quick Ratio of 0.91 means the company can pay off ₤0.91 for each ₤1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Turcas Petrol AS:

  • The MRQ is 0.909. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 1.144. The company is just able to pay all its short-term debts with the most liquid assets.
Trends
Current periodCompared to+/- 
MRQ0.909TTM1.144-0.235
TTM1.144YOY1.332-0.187
TTM1.1445Y0.623+0.522
5Y0.62310Y0.523+0.100

1.4. Solvency of Turcas Petrol AS.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

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

  • Below 1 (100%) is considered healthy but always compare Turcas to Utilities - Independent Power Producers industry mean.
  • A Debt to Asset Ratio of 0.06 means that Turcas assets are financed with 6.2% credit (debt) and the remaining percentage (100% - 6.2%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Turcas Petrol AS:

  • The MRQ is 0.062. The company is very able to pay all its debts by selling its assets. +2
  • The TTM is 0.241. The company is very able to pay all its debts by selling its assets. +2
Trends
Current periodCompared to+/- 
MRQ0.062TTM0.241-0.179
TTM0.241YOY0.292-0.051
TTM0.2415Y0.527-0.287
5Y0.52710Y0.491+0.036
1.4.2. Debt to Equity Ratio

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

  • Below 2 is considered healthy but always compare Turcas to the Utilities - Independent Power Producers industry mean.
  • A Debt to Equity ratio of 6.6% means that company has ₤0.07 debt for each ₤1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Turcas Petrol AS:

  • The MRQ is 0.066. The company is very able to pay all its debts with equity. +2
  • The TTM is 0.343. The company is very able to pay all its debts with equity. +2
Trends
Current periodCompared to+/- 
MRQ0.066TTM0.343-0.277
TTM0.343YOY0.417-0.073
TTM0.3435Y1.800-1.456
5Y1.80010Y1.335+0.465

2. Market Valuation of Turcas Petrol 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 Turcas generates.

  • Above 15 is considered overpriced but always compare Turcas to the Utilities - Independent Power Producers industry mean.
  • A PE ratio of -3.01 means the investor is paying ₤-3.01 for every ₤1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Turcas Petrol AS:

  • The EOD is -4.652. Based on the earnings, the company is expensive. -2
  • The MRQ is -3.015. Based on the earnings, the company is expensive. -2
  • The TTM is 1.345. Based on the earnings, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD-4.652MRQ-3.015-1.637
MRQ-3.015TTM1.345-4.360
TTM1.345YOY-2.110+3.455
TTM1.3455Y-2.055+3.400
5Y-2.05510Y1.464-3.519
2.2. Price To Free Cash Flow Ratio

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

  • The EOD is -49.767. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -32.253. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -22.615. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-49.767MRQ-32.253-17.514
MRQ-32.253TTM-22.615-9.638
TTM-22.615YOY-10.791-11.824
TTM-22.6155Y-2.521-20.094
5Y-2.52110Y-1.261-1.261
2. Book Value per Share
2.3. Price to Book Ratio

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

  • At or below 1 is considered healthy (always compare to Utilities - Independent Power Producers industry mean).
  • A PB ratio of 0.74 means the investor is paying ₤0.74 for each ₤1 in book value.

Let's take a look of the Price to Book Ratio trends of Turcas Petrol AS:

  • The EOD is 1.147. Based on the equity, the company is underpriced. +1
  • The MRQ is 0.743. Based on the equity, the company is cheap. +2
  • The TTM is 2.925. Based on the equity, the company is underpriced. +1
Trends
Current periodCompared to+/- 
EOD1.147MRQ0.743+0.404
MRQ0.743TTM2.925-2.182
TTM2.925YOY2.611+0.314
TTM2.9255Y2.436+0.489
5Y2.43610Y1.583+0.853
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Turcas Petrol 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--18.5955.420+243%0.880+2014%1.189+1464%0.578+3118%
Book Value Per Share--25.97210.298+152%5.197+400%4.067+539%3.343+677%
Current Ratio--1.6621.592+4%1.844-10%1.307+27%0.816+104%
Debt To Asset Ratio--0.0620.241-74%0.292-79%0.527-88%0.491-87%
Debt To Equity Ratio--0.0660.343-81%0.417-84%1.800-96%1.335-95%
Dividend Per Share----0%-0%-0%0.016-100%
Eps---1.6000.373-529%0.802-299%0.379-522%0.192-935%
Free Cash Flow Per Share---0.150-0.255+71%0.036-520%-0.023-84%-0.023-84%
Free Cash Flow To Equity Per Share---0.150-0.468+213%-0.543+263%-0.414+177%-0.414+177%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%0.825+21%
Intrinsic Value_10Y_max---9.318--------
Intrinsic Value_10Y_min---7.792--------
Intrinsic Value_1Y_max---0.273--------
Intrinsic Value_1Y_min---0.268--------
Intrinsic Value_3Y_max---1.325--------
Intrinsic Value_3Y_min---1.254--------
Intrinsic Value_5Y_max---2.983--------
Intrinsic Value_5Y_min---2.725--------
Market Cap7360096981.760+35%4769977321.2004689653868.900+2%3144972093.900+52%2019706990.704+136%1249447363.826+282%
Net Profit Margin----0%-0%-0.2910%0.044-100%
Operating Margin----0%-0%-0.1030%-0.3960%
Operating Ratio----0%-0%0.815-100%1.996-100%
Pb Ratio1.147+35%0.7432.925-75%2.611-72%2.436-69%1.583-53%
Pe Ratio-4.652-54%-3.0151.345-324%-2.110-30%-2.055-32%1.464-306%
Price Per Share29.780+35%19.30018.975+2%12.725+52%8.164+136%5.040+283%
Price To Free Cash Flow Ratio-49.767-54%-32.253-22.615-30%-10.791-67%-2.521-92%-1.261-96%
Price To Total Gains Ratio1.601+35%1.0388.638-88%-7.552+828%10.837-90%26.418-96%
Quick Ratio--0.9091.144-21%1.332-32%0.623+46%0.523+74%
Return On Assets---0.0580.061-195%0.099-159%0.023-346%0.013-556%
Return On Equity---0.0620.081-176%0.152-141%-0.006-89%-0.003-94%
Total Gains Per Share--18.5955.420+243%0.880+2014%1.189+1464%0.594+3031%
Usd Book Value--200911641.74079662924.576+152%40203121.935+400%31546674.579+537%26016469.083+672%
Usd Book Value Change Per Share--0.5820.170+243%0.028+2014%0.037+1464%0.018+3118%
Usd Book Value Per Share--0.8130.322+152%0.163+400%0.127+539%0.105+677%
Usd Dividend Per Share----0%-0%-0%0.001-100%
Usd Eps---0.0500.012-529%0.025-299%0.012-522%0.006-935%
Usd Free Cash Flow---1157252.646-1975242.613+71%275699.008-520%-143652.145-88%-71826.073-94%
Usd Free Cash Flow Per Share---0.005-0.008+71%0.001-520%-0.001-84%-0.001-84%
Usd Free Cash Flow To Equity Per Share---0.005-0.015+213%-0.017+263%-0.013+177%-0.013+177%
Usd Market Cap230371035.529+35%149300290.154146786166.097+2%98437626.539+52%63216828.809+136%39107702.488+282%
Usd Price Per Share0.932+35%0.6040.594+2%0.398+52%0.256+136%0.158+283%
Usd Profit---12380590.4262888118.459-529%6206748.786-299%1454668.365-951%741392.740-1770%
Usd Revenue----0%-0%170435.649-100%309886.841-100%
Usd Total Gains Per Share--0.5820.170+243%0.028+2014%0.037+1464%0.019+3031%
 EOD+6 -2MRQTTM+21 -8YOY+18 -115Y+20 -1110Y+21 -14

3.2. Fundamental Score

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

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-4.652
Price to Book Ratio (EOD)Between0-11.147
Net Profit Margin (MRQ)Greater than00.000
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.909
Current Ratio (MRQ)Greater than11.662
Debt to Asset Ratio (MRQ)Less than10.062
Debt to Equity Ratio (MRQ)Less than10.066
Return on Equity (MRQ)Greater than0.15-0.062
Return on Assets (MRQ)Greater than0.05-0.058
Total3/10 (30.0%)

3.3. Technical Score

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

Penke's Symbol Scanner

  
  
IndicatorConditionValue
OpenGreater thanClose30.800
Total1/1 (100.0%)



Latest Balance Sheet

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

Summary
Total Assets6,842,091
Total Liabilities423,189
Total Stockholder Equity6,418,902
 As reported
Total Liabilities 423,189
Total Stockholder Equity+ 6,418,902
Total Assets = 6,842,091

Assets

Total Assets6,842,091
Total Current Assets402,492
Long-term Assets6,439,599
Total Current Assets
Cash And Cash Equivalents 179,747
Short-term Investments 219,610
Net Receivables 484
Total Current Assets  (as reported)402,492
Total Current Assets  (calculated)399,841
+/- 2,651
Long-term Assets
Property Plant Equipment 171,650
Intangible Assets 281
Long-term Assets  (as reported)6,439,599
Long-term Assets  (calculated)171,931
+/- 6,267,667

Liabilities & Shareholders' Equity

Total Current Liabilities242,168
Long-term Liabilities181,021
Total Stockholder Equity6,418,902
Total Current Liabilities
Short Long Term Debt 222,227
Accounts payable 3,705
Total Current Liabilities  (as reported)242,168
Total Current Liabilities  (calculated)225,932
+/- 16,235
Long-term Liabilities
Long term Debt 177,953
Long-term Liabilities Other 32
Long-term Liabilities  (as reported)181,021
Long-term Liabilities  (calculated)177,985
+/- 3,036
Total Stockholder Equity
Retained Earnings 2,422,037
Total Stockholder Equity (as reported)6,418,902
Total Stockholder Equity (calculated)2,422,037
+/- 3,996,865
Other
Capital Stock255,600
Common Stock Shares Outstanding 247,149
Net Debt 220,434
Net Invested Capital 6,819,083
Net Working Capital 160,325
Property Plant and Equipment Gross 470,280



Balance Sheet

Currency in TRY. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-312017-12-312017-09-302017-06-302017-03-312016-12-312016-09-302016-06-302016-03-312015-12-312015-09-302015-06-302015-03-312014-12-312014-09-302014-06-302014-03-312013-12-312013-09-302013-06-302013-03-312012-12-312012-09-302012-06-302012-03-312011-12-312011-09-302011-06-302011-03-312010-12-312010-06-302010-03-312009-12-312009-09-302009-03-312008-12-312008-09-302008-06-302008-03-312007-12-312007-09-302007-03-312006-12-31
> Total Assets 
445,577
0
523,046
523,124
553,931
557,062
520,982
520,982
0
517,127
517,127
0
555,889
561,213
567,319
648,859
752,740
860,120
912,781
947,223
973,848
1,022,443
1,048,009
1,093,184
1,141,997
1,177,499
1,218,305
1,140,876
1,157,533
1,097,632
1,089,095
1,107,086
1,145,492
1,071,737
1,087,950
1,086,070
1,123,956
1,154,666
1,203,264
1,205,751
1,323,154
1,348,150
1,367,099
1,469,376
1,538,337
1,351,714
1,376,742
1,353,626
1,370,615
1,317,221
1,304,992
1,244,785
1,340,505
1,311,381
1,394,348
1,300,725
1,428,850
1,563,924
1,732,252
2,111,590
1,894,527
1,493,502
1,394,214
1,522,039
2,369,773
6,842,091
6,842,0912,369,7731,522,0391,394,2141,493,5021,894,5272,111,5901,732,2521,563,9241,428,8501,300,7251,394,3481,311,3811,340,5051,244,7851,304,9921,317,2211,370,6151,353,6261,376,7421,351,7141,538,3371,469,3761,367,0991,348,1501,323,1541,205,7511,203,2641,154,6661,123,9561,086,0701,087,9501,071,7371,145,4921,107,0861,089,0951,097,6321,157,5331,140,8761,218,3051,177,4991,141,9971,093,1841,048,0091,022,443973,848947,223912,781860,120752,740648,859567,319561,213555,8890517,127517,1270520,982520,982557,062553,931523,124523,0460445,577
   > 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
121,160
140,808
148,470
161,241
179,067
211,980
119,086
162,039
178,009
239,751
171,195
223,181
185,466
215,013
191,360
257,416
162,333
245,310
576,615
274,770
323,866
297,270
173,398
164,037
325,378
330,349
402,492
402,492330,349325,378164,037173,398297,270323,866274,770576,615245,310162,333257,416191,360215,013185,466223,181171,195239,751178,009162,039119,086211,980179,067161,241148,470140,808121,160000000000000000000000000000000000000000
       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
94,957
117,288
126,364
136,900
149,694
183,336
85,560
114,464
107,893
178,091
133,430
181,005
116,494
177,278
101,777
214,301
120,048
127,706
20,666
31,368
55,381
148,547
31,529
12,567
142,169
38,299
179,747
179,74738,299142,16912,56731,529148,54755,38131,36820,666127,706120,048214,301101,777177,278116,494181,005133,430178,091107,893114,46485,560183,336149,694136,900126,364117,28894,957000000000000000000000000000000000000000
       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
21,004
21,132
22,696
25,473
53,497
18,620
74,544
32,395
31,224
32,796
96,422
111,350
118,904
135,987
139,490
147,964
179,639
289,361
219,610
219,610289,361179,639147,964139,490135,987118,904111,35096,42232,79631,22432,39574,54418,62053,49725,47322,69621,13221,00400000000000000000000000000000000000000000000000
       Net Receivables 
5,571
0
4,763
4,762
6,048
6,573
11,275
11,275
0
8,206
8,206
0
4,483
7,022
27,830
67,969
29,529
51,383
53,156
114,766
58,895
73,683
76,172
35,901
56,232
48,093
47,543
46,212
55,624
54,446
42,284
49,865
53,499
47,522
38,731
43,425
36,308
18,067
19,121
23,849
21,259
19,873
22,256
25,720
23,211
23,242
3,642
3,260
2,551
7,726
5,975
4,566
8,238
10,462
8,273
8,903
81,325
74,754
131,132
138,868
1,525
1,839
1,508
1,925
438
484
4844381,9251,5081,8391,525138,868131,13274,75481,3258,9038,27310,4628,2384,5665,9757,7262,5513,2603,64223,24223,21125,72022,25619,87321,25923,84919,12118,06736,30843,42538,73147,52253,49949,86542,28454,44655,62446,21247,54348,09356,23235,90176,17273,68358,895114,76653,15651,38329,52967,96927,8307,0224,48308,2068,206011,27511,2756,5736,0484,7624,76305,571
       Inventory 
381
0
138
230
138
138
138
138
0
129
129
0
130
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
00000000000000000000000000000000000000000000000000000130012912901381381381382301380381
   > 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
1,214,703
1,175,617
1,130,864
1,146,025
1,081,811
1,059,319
1,125,493
1,120,020
1,136,932
1,138,392
1,183,540
987,309
1,457,482
1,787,725
1,597,257
1,320,104
1,230,177
1,196,661
2,039,424
6,439,599
6,439,5992,039,4241,196,6611,230,1771,320,1041,597,2571,787,7251,457,482987,3091,183,5401,138,3921,136,9321,120,0201,125,4931,059,3191,081,8111,146,0251,130,8641,175,6171,214,7030000000000000000000000000000000000000000000000
       Property Plant Equipment 
485
0
4,818
4,818
4,833
4,754
5,252
5,252
0
5,521
5,521
0
5,588
4,082
3,918
3,743
3,624
3,506
2,992
2,853
2,767
3,061
8,502
17,027
16,677
18,851
18,440
19,453
18,778
20,106
20,011
19,436
19,542
19,703
19,247
61,805
66,596
46,508
68,239
133,081
163,801
193,788
196,132
205,789
212,446
209,399
207,663
206,608
208,606
212,568
218,247
222,280
224,624
229,175
228,725
230,929
228,987
20,463
19,848
20,977
22,282
25,001
24,828
25,454
26,871
171,650
171,65026,87125,45424,82825,00122,28220,97719,84820,463228,987230,929228,725229,175224,624222,280218,247212,568208,606206,608207,663209,399212,446205,789196,132193,788163,801133,08168,23946,50866,59661,80519,24719,70319,54219,43620,01120,10618,77819,45318,44018,85116,67717,0278,5023,0612,7672,8532,9923,5063,6243,7433,9184,0825,58805,5215,52105,2525,2524,7544,8334,8184,8180485
       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
807,931
867,901
870,354
881,852
956,492
967,573
885,540
880,337
839,407
708,544
793,262
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000793,262708,544839,407880,337885,540967,573956,492881,852870,354867,901807,931000000000000000000000000000000000000000
       Intangible Assets 
811
0
815
815
793
745
362
362
0
231
231
0
172
66
65
47
16
14
2
2
2
21
3
2
2
2
8
6
9
5
0
0
12
6
1
12,912
12,890
56,790
56,627
57,185
57,152
56,754
56,765
56,726
57,028
54,507
53,891
53,274
52,666
52,104
0
0
0
49,839
0
0
0
67
0
0
0
18
0
0
0
281
281000180006700049,83900052,10452,66653,27453,89154,50757,02856,72656,76556,75457,15257,18556,62756,79012,89012,91216120059682223212221416476566172023123103623627457938158150811
       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
435
2,712
5,448
1,146,025
0
0
0
0
0
0
0
0
0
0
0
0
11,938
17,588
18,998
0
018,99817,58811,9380000000000001,146,0255,4482,7124350000000000000000000000000000000000000000000000
> Total Liabilities 
8,917
0
11,949
12,028
16,467
16,236
15,319
15,319
0
12,985
12,985
0
15,140
13,604
7,544
96,736
203,970
230,843
267,070
278,152
288,134
329,623
337,809
375,044
415,296
470,801
482,084
446,905
450,014
417,602
428,015
438,510
507,148
438,314
439,176
443,457
478,859
514,099
564,737
600,548
673,785
659,198
701,447
744,230
977,868
790,982
845,559
819,831
789,458
796,810
886,472
880,476
1,042,203
946,712
1,055,012
1,011,868
1,021,024
1,373,011
612,255
529,591
519,382
432,864
457,801
519,877
546,684
423,189
423,189546,684519,877457,801432,864519,382529,591612,2551,373,0111,021,0241,011,8681,055,012946,7121,042,203880,476886,472796,810789,458819,831845,559790,982977,868744,230701,447659,198673,785600,548564,737514,099478,859443,457439,176438,314507,148438,510428,015417,602450,014446,905482,084470,801415,296375,044337,809329,623288,134278,152267,070230,843203,97096,7367,54413,60415,140012,98512,985015,31915,31916,23616,46712,02811,94908,917
   > Total Current Liabilities 
6,145
0
6,784
6,784
13,073
13,086
10,264
10,264
0
8,586
8,586
0
10,473
9,097
3,015
11,233
6,876
16,349
12,453
31,193
16,902
35,324
38,215
57,165
53,884
66,045
67,415
70,663
66,144
64,846
63,665
63,906
91,743
90,161
87,781
76,148
63,125
108,602
119,140
177,837
182,486
142,061
147,303
167,420
192,255
163,780
172,008
188,418
140,777
154,905
167,442
180,514
211,564
213,806
242,804
249,608
249,709
785,375
241,606
135,827
146,370
95,149
106,143
202,087
212,834
242,168
242,168212,834202,087106,14395,149146,370135,827241,606785,375249,709249,608242,804213,806211,564180,514167,442154,905140,777188,418172,008163,780192,255167,420147,303142,061182,486177,837119,140108,60263,12576,14887,78190,16191,74363,90663,66564,84666,14470,66367,41566,04553,88457,16538,21535,32416,90231,19312,45316,3496,87611,2333,0159,09710,47308,5868,586010,26410,26413,08613,0736,7846,78406,145
       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
528,565
82,016
90,541
95,019
115,771
157,192
134,698
140,481
158,520
109,124
116,394
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0000000000000000116,394109,124158,520140,481134,698157,192115,77195,01990,54182,016528,565000000000000000000000000000000000000000
       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
528,565
82,016
90,541
95,019
115,771
157,192
134,698
140,481
158,520
109,124
116,394
129,598
141,751
167,246
169,948
187,625
199,120
200,886
221,491
235,291
129,749
140,199
85,099
92,356
188,152
198,590
222,227
222,227198,590188,15292,35685,099140,199129,749235,291221,491200,886199,120187,625169,948167,246141,751129,598116,394109,124158,520140,481134,698157,192115,77195,01990,54182,016528,565000000000000000000000000000000000000000
       Accounts payable 
386
0
5,259
2,475
7,194
8,121
6,654
6,654
0
7,057
7,057
0
2,795
7,008
984
2,044
2,766
2,334
1,767
15,451
3,723
4,594
8,687
12,389
8,125
9,570
7,184
2,690
5,951
6,310
1,574
500
524
498
313
221
1,722
3,523
10,764
51,961
42,075
48,755
49,297
48,475
32,026
25,730
25,824
26,434
28,394
32,922
31,564
30,065
36,138
38,514
39,586
42,474
43,492
938
1,268
836
1,628
1,931
2,492
3,118
2,453
3,705
3,7052,4533,1182,4921,9311,6288361,26893843,49242,47439,58638,51436,13830,06531,56432,92228,39426,43425,82425,73032,02648,47549,29748,75542,07551,96110,7643,5231,7222213134985245001,5746,3105,9512,6907,1849,5708,12512,3898,6874,5943,72315,4511,7672,3342,7662,0449847,0082,79507,0577,05706,6546,6548,1217,1942,4755,2590386
       Other Current Liabilities 
5,759
0
1,199
3,983
5,422
2,738
3,149
3,149
0
1,170
1,170
0
4,055
1,830
1,853
5,568
4,109
14,016
10,687
2,285
13,109
14,366
12,860
7,547
3,375
4,352
2,630
15,742
3,960
5,624
4,310
5,581
4,812
11,364
9,184
4,565
3,552
5,572
2,031
18,833
19,801
2,765
2,898
2,006
1,601
2,421
4,424
1,607
1,685
3,977
4,850
6,134
6,119
2,889
13,655
5,729
3,913
561,272
2,985
3,399
2,695
5,104
6,075
8,205
0
0
008,2056,0755,1042,6953,3992,985561,2723,9135,72913,6552,8896,1196,1344,8503,9771,6851,6074,4242,4211,6012,0062,8982,76519,80118,8332,0315,5723,5524,5659,18411,3644,8125,5814,3105,6243,96015,7422,6304,3523,3757,54712,86014,36613,1092,28510,68714,0164,1095,5681,8531,8304,05501,1701,17003,1493,1492,7385,4223,9831,19905,759
   > 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
673,552
631,413
648,681
641,905
719,030
699,963
830,639
732,907
812,209
762,260
771,314
587,636
370,650
393,764
373,012
337,715
351,658
317,790
333,851
181,021
181,021333,851317,790351,658337,715373,012393,764370,650587,636771,314762,260812,209732,907830,639699,963719,030641,905648,681631,413673,5520000000000000000000000000000000000000000000000
       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
838
838
838
0
790
790
790
32
776
776
776
32
776
776
776
32
776
776
776
32
3277677677632776776776327767767763279079079008388388380000000000000000000000000000000000000000000000
> Total Stockholder Equity
436,660
436,660
511,096
511,096
537,464
540,826
505,663
505,663
505,663
504,137
504,137
504,142
540,742
547,601
559,767
552,116
548,763
629,271
645,706
669,067
685,705
692,812
710,191
718,130
726,693
706,690
736,213
693,960
707,509
680,030
661,079
668,582
638,349
633,427
648,779
640,928
643,559
637,561
635,586
600,727
645,034
685,194
662,368
722,811
562,523
560,732
531,182
533,795
581,157
520,411
418,520
364,308
298,303
364,668
339,336
288,857
407,826
190,913
1,119,997
1,582,000
1,375,145
1,060,638
936,413
1,002,162
1,823,088
6,418,902
6,418,9021,823,0881,002,162936,4131,060,6381,375,1451,582,0001,119,997190,913407,826288,857339,336364,668298,303364,308418,520520,411581,157533,795531,182560,732562,523722,811662,368685,194645,034600,727635,586637,561643,559640,928648,779633,427638,349668,582661,079680,030707,509693,960736,213706,690726,693718,130710,191692,812685,705669,067645,706629,271548,763552,116559,767547,601540,742504,142504,137504,137505,663505,663505,663540,826537,464511,096511,096436,660436,660
   Common Stock
105,000
0
105,000
105,000
105,000
136,500
136,500
136,500
0
136,500
136,500
0
136,500
225,000
225,000
225,000
225,000
225,000
225,000
225,000
225,000
225,000
225,000
225,000
225,000
225,000
225,000
225,000
225,000
225,000
225,000
270,000
270,000
270,000
270,000
270,000
270,000
270,000
270,000
270,000
270,000
270,000
270,000
270,000
255,600
255,600
255,600
255,600
255,600
255,600
255,600
255,600
255,600
255,600
255,600
255,600
255,600
255,600
255,600
255,600
255,600
255,600
255,600
255,600
0
0
00255,600255,600255,600255,600255,600255,600255,600255,600255,600255,600255,600255,600255,600255,600255,600255,600255,600255,600255,600255,600270,000270,000270,000270,000270,000270,000270,000270,000270,000270,000270,000270,000270,000225,000225,000225,000225,000225,000225,000225,000225,000225,000225,000225,000225,000225,000225,000225,000225,000225,000225,000136,5000136,500136,5000136,500136,500136,500105,000105,000105,0000105,000
   Retained Earnings 
264,822
0
364,849
339,259
366,899
370,447
347,435
347,435
0
349,240
349,240
0
385,845
304,204
316,370
308,719
305,366
385,874
402,309
425,670
442,308
449,415
466,554
474,733
483,296
467,574
488,608
454,844
468,393
442,149
423,198
385,701
355,468
348,424
363,775
355,542
358,336
352,897
350,818
315,692
360,047
401,375
378,837
439,030
278,753
282,729
222,270
227,213
272,516
254,050
163,429
116,636
70,374
130,046
123,693
74,789
197,429
49,947
849,336
1,311,637
1,111,702
843,141
718,300
784,098
1,568,464
2,422,037
2,422,0371,568,464784,098718,300843,1411,111,7021,311,637849,33649,947197,42974,789123,693130,04670,374116,636163,429254,050272,516227,213222,270282,729278,753439,030378,837401,375360,047315,692350,818352,897358,336355,542363,775348,424355,468385,701423,198442,149468,393454,844488,608467,574483,296474,733466,554449,415442,308425,670402,309385,874305,366308,719316,370304,204385,8450349,240349,2400347,435347,435370,447366,899339,259364,8490264,822
   Capital Surplus 000000000000000000000000000000000000000000000000000000000000000000
   Treasury Stock000000000000000000000-8,451-22,851-22,851-22,851-22,851-22,851-22,851-22,851-22,851-22,851-22,851-22,851-22,851-22,851-22,851-22,851-22,851-22,851-22,851-22,851-22,851-22,8510-22,851-22,851-22,8510-22,851-22,851-22,8510-22,851-22,8510-22,851-22,8510-19,521-19,521-7,369-1,2720000
   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
37,887
37,838
36,670
36,382
36,632
36,621
30,853
22,451
20,121
22,180
19,212
7,942
523
-19,220
-12,527
-31,506
-33,081
-36,752
-106,182
23,512
23,214
16,294
-29,653
-29,036
-29,085
0
0
00-29,085-29,036-29,65316,29423,21423,512-106,182-36,752-33,081-31,506-12,527-19,2205237,94219,21222,18020,12122,45130,85336,62136,63236,38236,67037,83837,887000000000000000000000000000000000000000



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.