Sayfa yüklenirken bir hata oluştu.
Teknik ekibimiz bilgilendirildi, ancak sorunun devam etmesi durumunda lütfen e-posta destek widget ile bize ulaşın.
| Metrics | Range | Conclusion |
|---|---|---|
| Selected LTM EBITDA Multiple | 8,0x - 8,9x | 8,5x |
| Selected Fwd EBITDA Multiple | 7,4x - 8,2x | 7,8x |
| Fair Value | ₺2,10 - ₺2,32 | ₺2,21 |
| Upside | 46,0% - 61,4% | 53,7% |
| Benchmarks | Ticker | Full Ticker |
| IZDEMIR Enerji Elektrik Uretim A.S. | IZENR | IBSE:IZENR |
| Çates Elektrik Üretim Anonim Sirketi | CATES | IBSE:CATES |
| Odas Elektrik Üretim Sanayi Ticaret A.S. | ODAS | IBSE:ODAS |
| Enerjisa Enerji A.S. | ENJSA | IBSE:ENJSA |
| Park Elektrik Üretim Madencilik Sanayi ve Ticaret A.S. | PRKME | IBSE:PRKME |
| Çan2 Termik A.S. | CANTE | IBSE:CANTE |
| - | - | - |
| Select LTM EBITDA Multiple | |||||||
| Benchmark Companies | |||||||
| IZENR | CATES | ODAS | ENJSA | PRKME | CANTE | ||
| IBSE:IZENR | IBSE:CATES | IBSE:ODAS | IBSE:ENJSA | IBSE:PRKME | IBSE:CANTE | ||
| Historical EBITDA Growth | |||||||
| 5Y CAGR | NM- | NM- | 59.1% | 53.8% | NM- | 57.2% | |
| 3Y CAGR | NM- | 199.7% | 82.9% | 74.3% | 123.7% | 75.1% | |
| Latest Twelve Months | -38.2% | -51.1% | -45.3% | 4.1% | 29.5% | -11.4% | |
| Historical EBITDA Profit Margin | |||||||
| 5 Year Average Margin | 11.7% | 18.2% | 32.1% | 12.6% | 46.9% | 33.9% | |
| Prior Fiscal Year | 12.1% | 25.5% | 26.1% | 10.1% | 58.3% | 25.5% | |
| Latest Fiscal Year | 11.2% | 17.7% | 19.6% | 13.4% | 67.8% | 31.1% | |
| Latest Twelve Months | 11.2% | 17.7% | 19.6% | 13.4% | 67.8% | 31.1% | |
| Current Trading Multiples | |||||||
| EV / LTM Revenue | 1.61x | 0.80x | 2.46x | 0.37x | 4.07x | 1.65x | |
| EV / LTM EBITDA | 14.4x | 4.5x | 12.5x | 2.8x | 6.0x | 5.3x | |
| EV / LTM EBIT | 46.4x | 70.3x | -55.0x | 3.2x | 16.9x | 23.5x | |
| Low | Mid | High | |||||
| Benchmark EV / LTM EBITDA | 2.8x | 6.0x | 14.4x | ||||
| Historical EV / LTM EBITDA | 3.1x | 11.6x | 28.4x | ||||
| Selected EV / LTM EBITDA | 8.0x | 8.5x | 8.9x | ||||
| (x) LTM EBITDA | 1,900 | 1,900 | 1,900 | ||||
| (=) Implied Enterprise Value | 15,288 | 16,093 | 16,898 | ||||
| (-) Non-shareholder Claims * | 6 | 6 | 6 | ||||
| (=) Equity Value | 15,294 | 16,099 | 16,903 | ||||
| (/) Shares Outstanding | 7,000.0 | 7,000.0 | 7,000.0 | ||||
| Implied Value Range | 2.18 | 2.30 | 2.41 | ||||
| FX Rate: TRY/TRY | 1.0 | 1.0 | 1.0 | Market Price | |||
| Implied Value Range (Trading Cur) | 2.18 | 2.30 | 2.41 | 1.44 | |||
| Upside / (Downside) | 51.7% | 59.7% | 67.7% | ||||
| Equity Waterfall | |||||||
| Benchmark Companies | |||||||
| (in millions) | IZENR | CATES | ODAS | ENJSA | PRKME | CANTE | |
| Enterprise Value | 12,450 | 4,383 | 19,137 | 69,457 | 2,586 | 10,074 | |
| (+) Cash & Short Term Investments | 721 | 399 | 1,854 | 18,159 | 86 | 157 | |
| (+) Investments & Other | 2 | 0 | 2 | 34,518 | 0 | 0 | |
| (-) Debt | (563) | (83) | (510) | (54,813) | 0 | (82) | |
| (-) Other Liabilities | 0 | 0 | (13,511) | 0 | 0 | (70) | |
| (-) Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | |
| (-) Other | 0 | 0 | 0 | 0 | 0 | 0 | |
| Value of Common Equity | 12,610 | 4,698 | 6,972 | 67,321 | 2,672 | 10,080 | |
| (/) Shares Outstanding | 2,443.8 | 165.2 | 1,400.0 | 1,181.1 | 148.9 | 7,000.0 | |
| Implied Stock Price | 5.16 | 28.44 | 4.98 | 57.00 | 17.95 | 1.44 | |
| FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
| Implied Stock Price (Trading Cur) | 5.16 | 28.44 | 4.98 | 57.00 | 17.95 | 1.44 | |
| Trading Currency | TRY | TRY | TRY | TRY | TRY | TRY | |
| FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |