Valuation Update With 7 Day Price Move • May 21
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₺4.60, the stock trades at a trailing P/E ratio of 2.5x. Average trailing P/E is 21x in the Tech industry in Asia. Total returns to shareholders of 170% over the past three years. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₺5.10, the stock trades at a trailing P/E ratio of 3.1x. Average trailing P/E is 24x in the Tech industry in Asia. Total returns to shareholders of 159% over the past three years. Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₺4.27, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 22x in the Tech industry in Asia. Total returns to shareholders of 95% over the past three years. Valuation Update With 7 Day Price Move • Feb 27
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₺5.00, the stock trades at a trailing P/E ratio of 3.1x. Average trailing P/E is 23x in the Tech industry in Asia. Total returns to shareholders of 104% over the past three years. New Risk • Feb 24
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 7.9% 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: Major Risk Earnings have declined by 4.5% per year over the past 5 years. Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Market cap is less than US$100m (₺3.43b market cap, or US$78.3m). Reported Earnings • Nov 04
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: ₺427.7k (up 22% from 3Q 2024). Net loss: ₺200.4k (loss narrowed 96% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 59% per year but the company’s share price has increased by 21% per year, which means it is well ahead of earnings. Annonce • Aug 28
Escort Teknoloji Yatirim A.S., Annual General Meeting, Sep 25, 2025 Escort Teknoloji Yatirim A.S., Annual General Meeting, Sep 25, 2025. Location: barnathan hotel,sahkulu mahallesi timarci sokak, no:1, beyoglu, istanbul Turkey 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. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (6.7% average weekly change). Market cap is less than US$100m (₺1.85b market cap, or US$48.7m). Reported Earnings • Mar 06
Full year 2024 earnings released Full year 2024 results: ₺0.32 loss per share. Revenue: ₺369.3m (down 63% from FY 2023). Net loss: ₺223.3m (down 155% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 81% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Mar 05
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₺2.75, the stock trades at a trailing P/E ratio of 4.6x. Average trailing P/E is 23x in the Tech industry in Asia. Total returns to shareholders of 487% over the past three years. New Risk • Jan 18
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 6.6% 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: Major Risks Revenue has declined by 43% over the past year. High level of non-cash earnings (85% accrual ratio). Revenue is less than US$1m (₺1.2m revenue, or US$35k). Minor Risks Share price has been volatile over the past 3 months (6.6% average weekly change). Market cap is less than US$100m (₺2.71b market cap, or US$76.3m). New Risk • Nov 15
New major risk - Revenue and earnings growth Revenue has declined by 43% over the past year. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If revenues are declining, then it is difficult for the company to prevent its earnings from declining as well. A trend of falling revenue can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Revenue has declined by 43% over the past year. High level of non-cash earnings (85% accrual ratio). Revenue is less than US$1m (₺1.2m revenue, or US$36k). Minor Risk Market cap is less than US$100m (₺2.73b market cap, or US$79.4m). Valuation Update With 7 Day Price Move • Sep 09
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₺59.05, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 20x in the Tech industry in Asia. Total returns to shareholders of 906% over the past three years. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₺69.00, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 22x in the Tech industry in Asia. Total returns to shareholders of 1,048% over the past three years. New Risk • Jun 13
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (83% accrual ratio). Revenue is less than US$1m (₺640k revenue, or US$20k). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Share price has been volatile over the past 3 months (9.4% average weekly change). Market cap is less than US$100m (₺3.22b market cap, or US$99.8m). New Risk • Jun 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₺3.22b (US$99.4m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (30% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.4% average weekly change). Profit margins are more than 30% lower than last year (41% net profit margin). Market cap is less than US$100m (₺3.22b market cap, or US$99.4m). Valuation Update With 7 Day Price Move • May 17
Investor sentiment deteriorates as stock falls 26% After last week's 26% share price decline to ₺69.80, the stock trades at a trailing P/E ratio of 12.3x. Average trailing P/E is 23x in the Tech industry in Asia. Total returns to shareholders of 1,041% over the past three years. Reported Earnings • May 12
Full year 2023 earnings released Full year 2023 results: Revenue: ₺689.1m (up ₺687.0m from FY 2022). Net income: ₺283.0m (down 33% from FY 2022). Profit margin: 41% (down from 20,873% in FY 2022). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has increased by 143% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 02
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₺92.40, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 23x in the Tech industry in Asia. Total returns to shareholders of 1,527% over the past three years. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₺78.50, the stock trades at a trailing P/E ratio of 9.4x. Average trailing P/E is 25x in the Tech industry in Asia. Total returns to shareholders of 1,193% over the past three years. Valuation Update With 7 Day Price Move • Mar 27
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₺71.75, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 25x in the Tech industry in Asia. Total returns to shareholders of 989% over the past three years. Valuation Update With 7 Day Price Move • Feb 13
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₺81.15, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 22x in the Tech industry in Asia. Total returns to shareholders of 995% over the past three years. Valuation Update With 7 Day Price Move • Jan 29
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₺55.15, the stock trades at a trailing P/E ratio of 6.6x. Average trailing P/E is 22x in the Tech industry in Asia. Total returns to shareholders of 635% over the past three years. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₺40.70, the stock trades at a trailing P/E ratio of 4.9x. Average trailing P/E is 22x in the Tech industry in Asia. Total returns to shareholders of 546% over the past three years. New Risk • Nov 06
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 69% 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 High level of non-cash earnings (69% accrual ratio). Revenue is less than US$1m (₺640k revenue, or US$23k). Minor Risk Market cap is less than US$100m (₺2.18b market cap, or US$76.7m). Valuation Update With 7 Day Price Move • Oct 18
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₺48.64, the stock trades at a trailing P/E ratio of 5.8x. Average trailing P/E is 22x in the Tech industry in Asia. Total returns to shareholders of 641% over the past three years. Valuation Update With 7 Day Price Move • Sep 25
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₺43.88, the stock trades at a trailing P/E ratio of 5.2x. Average trailing P/E is 22x in the Tech industry in Asia. Total returns to shareholders of 983% over the past three years. Valuation Update With 7 Day Price Move • Aug 21
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₺36.12, the stock trades at a trailing P/E ratio of 4.3x. Average trailing P/E is 21x in the Tech industry in Asia. Total returns to shareholders of 947% over the past three years. Reported Earnings • Aug 14
Second quarter 2023 earnings released Second quarter 2023 results: Net income: ₺1.28m (down 69% from 2Q 2022). Over the last 3 years on average, earnings per share has increased by 115% per year and the company’s share price has also increased by 115% per year. Valuation Update With 7 Day Price Move • Jul 11
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₺32.96, the stock trades at a trailing P/E ratio of 3.9x. Average trailing P/E is 19x in the Tech industry in Asia. Total returns to shareholders of 767% over the past three years. Valuation Update With 7 Day Price Move • May 31
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₺28.78, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 17x in the Tech industry in Asia. Total returns to shareholders of 642% over the past three years. Reported Earnings • May 03
Full year 2022 earnings released: EPS: ₺8.49 (vs ₺2.03 in FY 2021) Full year 2022 results: EPS: ₺8.49 (up from ₺2.03 in FY 2021). Net income: ₺424.6m (up 319% from FY 2021). Over the last 3 years on average, earnings per share has increased by 121% per year but the company’s share price has only increased by 73% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • May 03
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₺21.70, the stock trades at a trailing P/E ratio of 2.6x. Average trailing P/E is 15x in the Tech industry in Asia. Total returns to shareholders of 417% over the past three years. Reported Earnings • Mar 06
Full year 2022 earnings released Full year 2022 results: Net income: ₺424.6m (up 319% from FY 2021). Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₺35.20, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 14x in the Tech industry in Asia. Total returns to shareholders of 1,073% over the past three years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₺27.50, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 13x in the Tech industry in Asia. Total returns to shareholders of 868% over the past three years. Valuation Update With 7 Day Price Move • Jan 03
Investor sentiment improved over the past week After last week's 15% share price gain to ₺38.90, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 12x in the Tech industry in Asia. Total returns to shareholders of 2,847% over the past three years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 02
Third quarter 2022 earnings released: ₺0.01 loss per share (vs ₺0.004 loss in 3Q 2021) Third quarter 2022 results: ₺0.01 loss per share (further deteriorated from ₺0.004 loss in 3Q 2021). Net loss: ₺512.8k (loss widened 146% from 3Q 2021). Over the last 3 years on average, earnings per share has increased by 103% per year but the company’s share price has increased by 226% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment improved over the past week After last week's 17% share price gain to ₺29.00, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 13x in the Tech industry in Asia. Total returns to shareholders of 3,437% over the past three years. Valuation Update With 7 Day Price Move • Oct 06
Investor sentiment improved over the past week After last week's 20% share price gain to ₺26.00, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 13x in the Tech industry in Asia. Total returns to shareholders of 3,367% over the past three years. Reported Earnings • Aug 11
Second quarter 2022 earnings released Second quarter 2022 results: Net income: ₺4.11m (up ₺4.33m from 2Q 2021). Over the last 3 years on average, earnings per share has increased by 127% per year but the company’s share price has increased by 213% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 13
Investor sentiment improved over the past week After last week's 23% share price gain to ₺22.54, the stock trades at a trailing P/E ratio of 11.2x. Average trailing P/E is 14x in the Tech industry in Asia. Total returns to shareholders of 3,120% over the past three years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improved over the past week After last week's 21% share price gain to ₺16.21, the stock trades at a trailing P/E ratio of 8x. Average trailing P/E is 15x in the Tech industry in Asia. Total returns to shareholders of 2,249% over the past three years. Valuation Update With 7 Day Price Move • May 18
Investor sentiment improved over the past week After last week's 33% share price gain to ₺14.39, the stock trades at a trailing P/E ratio of 7.1x. Average trailing P/E is 14x in the Tech industry in Asia. Total returns to shareholders of 2,016% over the past three years. Reported Earnings • May 06
First quarter 2022 earnings released: ₺0.008 loss per share (vs ₺0.003 profit in 1Q 2021) First quarter 2022 results: ₺0.008 loss per share (down from ₺0.003 profit in 1Q 2021). Net loss: ₺402.1k (down 368% from profit in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 115% per year but the company’s share price has increased by 137% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Apr 12
Investor sentiment improved over the past week After last week's 24% share price gain to ₺8.55, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 15x in the Tech industry in Asia. Total returns to shareholders of 1,279% over the past three years. Reported Earnings • Mar 03
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ₺2.03 (up from ₺0.66 in FY 2020). Net income: ₺101.4m (up 205% from FY 2020). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 112% per year whereas the company’s share price has increased by 114% per year. Valuation Update With 7 Day Price Move • Feb 24
Investor sentiment deteriorated over the past week After last week's 15% share price decline to ₺5.86, the stock trades at a trailing P/E ratio of 9.2x. Average trailing P/E is 18x in the Tech industry in Asia. Total returns to shareholders of 703% over the past three years. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₺5.18, the stock trades at a trailing P/E ratio of 8.2x. Average trailing P/E is 17x in the Tech industry in Asia. Total returns to shareholders of 582% over the past three years. Valuation Update With 7 Day Price Move • Dec 02
Investor sentiment improved over the past week After last week's 20% share price gain to ₺5.88, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 17x in the Tech industry in Asia. Total returns to shareholders of 740% over the past three years. Reported Earnings • Nov 03
Third quarter 2021 earnings released: ₺0.004 loss per share (vs ₺0.027 loss in 3Q 2020) Third quarter 2021 results: Net loss: ₺208.4k (loss narrowed 85% from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 89% per year whereas the company’s share price has increased by 91% per year. Valuation Update With 7 Day Price Move • Aug 09
Investor sentiment improved over the past week After last week's 16% share price gain to ₺6.25, the stock trades at a trailing P/E ratio of 10.1x. Average trailing P/E is 21x in the Tech industry in Asia. Total returns to shareholders of 996% over the past three years. Reported Earnings • Jun 03
First quarter 2021 earnings released: EPS ₺0.003 (vs ₺0.05 in 1Q 2020) First quarter 2021 results: Net income: ₺149.9k (down 94% from 1Q 2020). Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has increased by 110% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₺5.39, the stock trades at a trailing P/E ratio of 8.1x. Average trailing P/E is 19x in the Tech industry in Asia. Total returns to shareholders of 846% over the past three years. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment deteriorated over the past week After last week's 23% share price decline to ₺4.83, the stock trades at a trailing P/E ratio of 7.3x. Average trailing P/E is 22x in the Tech industry in Asia. Total returns to shareholders of 462% over the past three years. Reported Earnings • Mar 03
Full year 2020 earnings released Full year 2020 results: Net income: ₺33.2m (up ₺47.9m from FY 2019). Over the last 3 years on average, earnings per share has fallen by 42% per year but the company’s share price has increased by 91% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 22
New 90-day high: ₺8.14 The company is up 31% from its price of ₺6.22 on 24 November 2020. The Turkish market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 18% over the same period. Is New 90 Day High Low • Jan 21
New 90-day high: ₺7.42 The company is up 17% from its price of ₺6.36 on 23 October 2020. The Turkish market is up 19% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Tech industry, which is up 34% over the same period. Is New 90 Day High Low • Nov 26
New 90-day high: ₺6.99 The company is up 112% from its price of ₺3.29 on 28 August 2020. The Turkish market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 13% over the same period. Reported Earnings • Nov 08
Third quarter 2020 earnings released: ₺0.027 loss per share Third quarter 2020 results: Net loss: ₺1.36m (down 126% from profit in 3Q 2019). Over the last 3 years on average, earnings per share has fallen by 51% per year but the company’s share price has increased by 76% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Sep 29
New 90-day high: ₺4.45 The company is up 17% from its price of ₺3.79 on 01 July 2020. The Turkish market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Tech industry, which is up 9.0% over the same period. 