Upcoming Dividend • Jun 25
Upcoming dividend of ₺0.19 per share Eligible shareholders must have bought the stock before 02 July 2026. Payment date: 06 July 2026. Trailing yield: 1.9%. Lower than top quartile of Turkish dividend payers (3.1%). Higher than average of industry peers (1.0%). 공고 • Apr 02
Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S., Annual General Meeting, Apr 28, 2026 Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S., Annual General Meeting, Apr 28, 2026. Location: baskent organize sanayi bolgesi mudurlugu konferan, salonu, sadi turk bulvari 20.cadde no:27 malikoy, sincan, ankara Turkey New Risk • Dec 05
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 8.4% 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 Less than 1 year of cash runway based on free cash flow trend (-₺561m free cash flow). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (8.4% average weekly change). Market cap is less than US$100m (₺2.97b market cap, or US$69.9m). Reported Earnings • Nov 03
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: ₺1.88b (up 141% from 3Q 2024). Net income: ₺52.2m (up ₺68.1m from 3Q 2024). Profit margin: 2.8% (up from net loss in 3Q 2024). New Risk • Aug 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₺281m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₺281m free cash flow). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (₺2.60b market cap, or US$63.3m). New Risk • Jun 12
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₺363m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₺363m free cash flow). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risks Share price has been volatile over the past 3 months (9.7% average weekly change). Market cap is less than US$100m (₺1.85b market cap, or US$47.2m). New Risk • May 21
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 8.8% 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 Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Cash payout ratio: 256% Minor Risks Share price has been volatile over the past 3 months (8.8% average weekly change). Market cap is less than US$100m (₺2.04b market cap, or US$52.6m). New Risk • Apr 21
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.2% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain 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: Major Risk Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Minor Risk Market cap is less than US$100m (₺1.62b market cap, or US$42.3m). 공고 • Apr 10
Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S., Annual General Meeting, May 08, 2025 Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S., Annual General Meeting, May 08, 2025. Location: baskent organize sanayi bolgesi mudurlugu, konferans salonu, sadi tuirk bulvari 20.cadde no:2, malikoy, sincan/ankara, ankara Turkey Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₺43.26, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 26x in the Metals and Mining industry in Turkey. 
