Upcoming Dividend • May 13
Upcoming dividend of ₺0.097 per share Eligible shareholders must have bought the stock before 20 May 2026. Payment date: 22 May 2026. Payout ratio is a comfortable 3.2% and this is well supported by cash flows. Trailing yield: 0.1%. Lower than top quartile of Turkish dividend payers (2.7%). Lower than average of industry peers (1.5%). Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₺100.00, the stock trades at a trailing P/E ratio of 24x. Average trailing P/E is 13x in the Consumer Finance industry in Asia. Total returns to shareholders of 1,457% over the past year. Declared Dividend • Apr 20
Dividend of ₺0.097 announced Shareholders will receive a dividend of ₺0.097. Ex-date: 28th April 2026 Payment date: 30th April 2026 Dividend yield will be 0.1%, which is lower than the industry average of 2.2%. Payout Ratios Payout ratio: 3%. Cash payout ratio: 3%. Valuation Update With 7 Day Price Move • Apr 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₺80.00, the stock trades at a trailing P/E ratio of 19.2x. Average trailing P/E is 12x in the Consumer Finance industry in Asia. Total returns to shareholders of 1,199% over the past year. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₺63.50, the stock trades at a trailing P/E ratio of 15.2x. Average trailing P/E is 12x in the Consumer Finance industry in Asia. Total returns to shareholders of 1,160% over the past year. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₺47.52, the stock trades at a trailing P/E ratio of 11.4x. Average trailing P/E is 13x in the Consumer Finance industry in Asia. Total returns to shareholders of 751% over the past year. Reported Earnings • Feb 20
Full year 2025 earnings released Full year 2025 results: Revenue: ₺14.5b (up 195% from FY 2024). Net income: ₺8.62b (up 299% from FY 2024). Profit margin: 60% (up from 44% in FY 2024). The increase in margin was driven by higher revenue. Announcement • Feb 19
Katilimevim Tasarruf Finansman Anonim Sirketi, Annual General Meeting, Mar 12, 2026 Katilimevim Tasarruf Finansman Anonim Sirketi, Annual General Meeting, Mar 12, 2026. Location: bof hotels ceo suites atasehir-cinar toplanti, tatlisu mah. halic sk., no:10 umraniye, istanbul Turkey Valuation Update With 7 Day Price Move • Feb 12
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₺41.42, the stock trades at a trailing P/E ratio of 13.7x. Average trailing P/E is 14x in the Consumer Finance industry in Asia. Total returns to shareholders of 679% over the past year. Valuation Update With 7 Day Price Move • Jan 08
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₺25.82, the stock trades at a trailing P/E ratio of 8.5x. Average trailing P/E is 15x in the Consumer Finance industry in Asia. Total returns to shareholders of 414% over the past year. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₺19.84, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 14x in the Consumer Finance industry in Asia. Total returns to shareholders of 317% over the past year. Valuation Update With 7 Day Price Move • Dec 01
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₺16.94, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 15x in the Consumer Finance industry in Asia. Total returns to shareholders of 226% over the past year. Reported Earnings • Nov 14
Third quarter 2025 earnings released: EPS: ₺1.36 (vs ₺0.22 in 3Q 2024) Third quarter 2025 results: EPS: ₺1.36 (up from ₺0.22 in 3Q 2024). Revenue: ₺3.71b (up 185% from 3Q 2024). Net income: ₺2.47b (up 437% from 3Q 2024). Profit margin: 66% (up from 35% in 3Q 2024). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Nov 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₺16.67, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 16x in the Consumer Finance industry in Asia. Total returns to shareholders of 239% over the past year. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₺14.19, the stock trades at a trailing P/E ratio of 6.9x. Average trailing P/E is 15x in the Consumer Finance industry in Asia. Total returns to shareholders of 216% over the past year. New Risk • Aug 25
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Turkish stocks, typically moving 8.0% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (8.0% average weekly change). Profit margins are more than 30% lower than last year (37% net profit margin). Valuation Update With 7 Day Price Move • Aug 25
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₺10.29, the stock trades at a trailing P/E ratio of 8.3x. Average trailing P/E is 15x in the Consumer Finance industry in Asia. Total returns to shareholders of 177% over the past year. New Risk • Aug 17
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.1% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Profit margins are more than 30% lower than last year (37% net profit margin). Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₺8.06, the stock trades at a trailing P/E ratio of 6.5x. Average trailing P/E is 14x in the Consumer Finance industry in Asia. Total returns to shareholders of 96% over the past year. New Risk • May 26
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 37% Last year net profit margin: 77% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. New Risk • May 06
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Turkish stocks, typically moving 8.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • May 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₺83.90, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 13x in the Consumer Finance industry in Asia. Total loss to shareholders of 51% over the past year. Upcoming Dividend • Apr 14
Upcoming dividend of ₺1.10 per share Eligible shareholders must have bought the stock before 21 April 2025. Payment date: 24 April 2025. Payout ratio is a comfortable 18% and this is well supported by cash flows. Trailing yield: 2.4%. Lower than top quartile of Turkish dividend payers (3.3%). Higher than average of industry peers (1.5%). Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₺58.85, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 13x in the Consumer Finance industry in Asia. Total loss to shareholders of 55% over the past year. New Risk • Mar 20
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Turkish stocks, typically moving 6.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Mar 12
Katilimevim Tasarruf Finansman Anonim Sirketi announces Annual dividend, payable on April 24, 2025 Katilimevim Tasarruf Finansman Anonim Sirketi announced Annual dividend of TRY 1.1000 per share payable on April 24, 2025, ex-date on April 21, 2025 and record date on April 22, 2025. Announcement • Feb 11
Katilimevim Tasarruf Finansman Anonim Sirketi, Annual General Meeting, Mar 10, 2025 Katilimevim Tasarruf Finansman Anonim Sirketi, Annual General Meeting, Mar 10, 2025. Location: at bof hotels ceo suites atasehir-cinar toplanthi, salonu, tatlisu mah, hali sk , no 10, umraniye, istanbul Turkey Reported Earnings • Feb 07
Full year 2024 earnings released: EPS: ₺12.00 (vs ₺4.17 in FY 2023) Full year 2024 results: EPS: ₺12.00 (up from ₺4.17 in FY 2023). Revenue: ₺4.90b (up 271% from FY 2023). Net income: ₺2.16b (up 188% from FY 2023). Profit margin: 44% (down from 57% in FY 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Feb 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₺63.00, the stock trades at a trailing P/E ratio of 7x. Average trailing P/E is 13x in the Consumer Finance industry in Asia. Total loss to shareholders of 29% over the past year. Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: ₺2.55 (vs ₺1.10 in 3Q 2023) Third quarter 2024 results: EPS: ₺2.55 (up from ₺1.10 in 3Q 2023). Revenue: ₺1.31b (up 198% from 3Q 2023). Net income: ₺459.1m (up 132% from 3Q 2023). Profit margin: 35% (down from 45% in 3Q 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Nov 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₺61.25, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 15x in the Consumer Finance industry in Asia. Total returns to shareholders of 23% over the past year. Valuation Update With 7 Day Price Move • Oct 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₺46.60, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 15x in the Consumer Finance industry in Asia. Total returns to shareholders of 13% over the past year. Announcement • Sep 18
Katilimevim Tasarruf Finansman Anonim Sirketi to Report Q3, 2024 Results on Nov 08, 2024 Katilimevim Tasarruf Finansman Anonim Sirketi announced that they will report Q3, 2024 results on Nov 08, 2024 Valuation Update With 7 Day Price Move • Aug 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₺38.38, the stock trades at a trailing P/E ratio of 5.1x. Average trailing P/E is 14x in the Consumer Finance industry in Asia. Total loss to shareholders of 22% over the past year. Reported Earnings • Aug 01
Second quarter 2024 earnings released: EPS: ₺0.14 (vs ₺0.45 in 2Q 2023) Second quarter 2024 results: EPS: ₺0.14 (down from ₺0.45 in 2Q 2023). Revenue: ₺823.6m (up 327% from 2Q 2023). Net income: ₺26.0m (down 68% from 2Q 2023). Profit margin: 3.2% (down from 42% in 2Q 2023). The decrease in margin was driven by higher expenses. Valuation Update With 7 Day Price Move • Jul 18
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₺45.54, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 14x in the Consumer Finance industry in Asia. Total returns to shareholders of 63% over the past year. Valuation Update With 7 Day Price Move • Jun 10
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₺43.78, the stock trades at a trailing P/E ratio of 5.5x. Average trailing P/E is 14x in the Consumer Finance industry in Asia. Total returns to shareholders of 200% over the past year. Valuation Update With 7 Day Price Move • May 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₺193, the stock trades at a trailing P/E ratio of 46.2x. Average trailing P/E is 15x in the Consumer Finance industry in Asia. Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 22% After last week's 22% share price gain to ₺155, the stock trades at a trailing P/E ratio of 37.2x. Average trailing P/E is 15x in the Consumer Finance industry in Asia. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₺131, the stock trades at a trailing P/E ratio of 31.4x. Average trailing P/E is 15x in the Consumer Finance industry in Asia. New Risk • Mar 12
New minor risk - Dividend sustainability The company has a short dividend paying track record. Less than a year of continuous dividend payments. Dividend yield: 1.5% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks Short dividend paying track record (less than a year of continuous dividend payments). Share price has been volatile over the past 3 months (12% average weekly change). Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₺107, the stock trades at a trailing P/E ratio of 25.8x. Average trailing P/E is 15x in the Consumer Finance industry in Asia. New Risk • Mar 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Turkish stocks, typically moving 12% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (12% average weekly change). Minor Risk Large one-off items impacting financial results. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₺82.75, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 15x in the Consumer Finance industry in Asia. Reported Earnings • Feb 01
Full year 2023 earnings released Full year 2023 results: Revenue: ₺1.32b (up 195% from FY 2022). Net income: ₺750.2m (up ₺634.7m from FY 2022). Profit margin: 57% (up from 26% in FY 2022). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₺66.45, the stock trades at a trailing P/E ratio of 30x. Average trailing P/E is 14x in the Consumer Finance industry in Asia. Valuation Update With 7 Day Price Move • Sep 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₺43.10, the stock trades at a trailing P/E ratio of 36.3x. Average trailing P/E is 13x in the Consumer Finance industry in Asia. Valuation Update With 7 Day Price Move • Sep 07
Investor sentiment deteriorates as stock falls 28% After last week's 28% share price decline to ₺36.00, the stock trades at a trailing P/E ratio of 30.4x. Average trailing P/E is 14x in the Consumer Finance industry in Asia. New Risk • Aug 17
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 468% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). High level of non-cash earnings (468% accrual ratio). Valuation Update With 7 Day Price Move • Aug 04
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₺41.18, the stock trades at a trailing P/E ratio of 59.4x. Average trailing P/E is 13x in the Consumer Finance industry in Asia. Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₺17.35, the stock trades at a trailing P/E ratio of 25x. Average trailing P/E is 13x in the Consumer Finance industry in Asia. 
