View Financial HealthKron Teknoloji 배당 및 자사주 매입배당 기준 점검 0/6Kron Teknoloji 현재 배당금을 지급하지 않습니다.핵심 정보0%배당 수익률-6.4%자사주 매입 수익률총 주주 수익률-6.4%미래 배당 수익률n/a배당 성장률n/a다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향0%최근 배당 및 자사주 매입 업데이트업데이트 없음모든 업데이트 보기Recent updatesNew Risk • May 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Turkish stocks, typically moving 10% 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 (10% average weekly change). Minor Risk Market cap is less than US$100m (₺1.53b market cap, or US$33.5m).Valuation Update With 7 Day Price Move • May 11Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₺22.40, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 13x in the Software industry in Turkey. Total returns to shareholders of 443% over the past three years.공시 • Mar 17Kron Teknoloji A.S., Annual General Meeting, Apr 15, 2026Kron Teknoloji A.S., Annual General Meeting, Apr 15, 2026. Location: i.t.u. ayazaga yerleskesi, koru yolu, ari-3 binasi, 3 no`lu seminer salonu, maslak, istanbul, istanbul TurkeyReported Earnings • Mar 12Full year 2025 earnings releasedFull year 2025 results: Revenue: ₺536.7m (up 71% from FY 2024). Net income: ₺146.9m (up ₺189.6m from FY 2024). Profit margin: 27% (up from net loss in FY 2024). The move to profitability was driven by higher revenue.New Risk • Mar 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Turkish stocks, typically moving 8.3% 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 High level of non-cash earnings (29% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Market cap is less than US$100m (₺1.50b market cap, or US$34.1m).Valuation Update With 7 Day Price Move • Mar 10Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₺17.54, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 15x in the Software industry in Turkey. Total returns to shareholders of 174% over the past three years.Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improves as stock rises 22%After last week's 22% share price gain to ₺14.83, the stock trades at a trailing P/E ratio of 24.5x. Average trailing P/E is 12x in the Software industry in Turkey. Total returns to shareholders of 66% over the past three years.New Risk • Jan 02New minor risk - Share price stabilityThe 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: Major Risk High level of non-cash earnings (29% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (₺1.18b market cap, or US$27.5m).Buy Or Sell Opportunity • Nov 11Now 21% undervaluedOver the last 90 days, the stock has risen 20% to ₺15.81. The fair value is estimated to be ₺20.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has declined by 5.0%.Reported Earnings • Nov 10Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: ₺106.0m (up 103% from 3Q 2024). Net loss: ₺136.5k (loss narrowed 99% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings.Valuation Update With 7 Day Price Move • Oct 03Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to ₺14.70, the stock trades at a trailing P/E ratio of 53x. Average trailing P/E is 17x in the Software industry in Turkey. Total returns to shareholders of 199% over the past three years.Valuation Update With 7 Day Price Move • Sep 18Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₺19.11, the stock trades at a trailing P/E ratio of 68.9x. Average trailing P/E is 25x in the Software industry in Turkey. Total returns to shareholders of 392% over the past three years.New Risk • Jun 10New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Turkish stocks, typically moving 15% 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 Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 5.6% per year over the past 5 years. High level of non-cash earnings (27% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (₺739.7m market cap, or US$18.9m).공시 • May 07Kron Teknoloji A.S., Annual General Meeting, May 06, 2025Kron Teknoloji A.S., Annual General Meeting, May 06, 2025. Location: i.t.u. ayazaga yerieskesi, koru yolu, ari-3 binasi, 3 no`lu seminer salonu, maslak, istanbul TurkeyReported Earnings • Mar 13Full year 2024 earnings released: ₺0.50 loss per share (vs ₺0.54 profit in FY 2023)Full year 2024 results: ₺0.50 loss per share (down from ₺0.54 profit in FY 2023). Revenue: ₺313.6m (up 1.7% from FY 2023). Net loss: ₺42.7m (down 192% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.New Risk • Jan 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Turkish stocks, typically moving 6.9% 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: Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (₺1.96b market cap, or US$55.6m).Reported Earnings • Nov 13Third quarter 2024 earnings released: ₺0.28 loss per share (vs ₺0.34 profit in 3Q 2023)Third quarter 2024 results: ₺0.28 loss per share (down from ₺0.34 profit in 3Q 2023). Revenue: ₺52.1m (down 11% from 3Q 2023). Net loss: ₺24.3m (down 270% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.Buy Or Sell Opportunity • Nov 08Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 5.0% to ₺23.00. The fair value is estimated to be ₺18.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 53% over the last 3 years. Meanwhile, the company has become profitable.Buy Or Sell Opportunity • Sep 09Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to ₺18.49. The fair value is estimated to be ₺23.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 55% over the last 3 years. Meanwhile, the company has become profitable.Reported Earnings • Sep 06Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: ₺80.6m (up 55% from 2Q 2023). Net income: ₺5.87m (down 78% from 2Q 2023). Profit margin: 7.3% (down from 50% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.Reported Earnings • Jun 23First quarter 2024 earnings released: ₺0.24 loss per share (vs ₺0.082 loss in 1Q 2023)First quarter 2024 results: ₺0.24 loss per share (further deteriorated from ₺0.082 loss in 1Q 2023). Revenue: ₺66.5m (up 107% from 1Q 2023). Net loss: ₺20.6m (loss widened 489% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.New Risk • May 26New minor risk - Financial data availabilityThe 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 (27% accrual ratio). Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Profit margins are more than 30% lower than last year (26% net profit margin). Market cap is less than US$100m (₺2.09b market cap, or US$64.8m).Reported Earnings • May 05Full year 2023 earnings released: EPS: ₺1.08 (vs ₺1.17 in FY 2022)Full year 2023 results: EPS: ₺1.08 (down from ₺1.17 in FY 2022). Revenue: ₺308.4m (up 96% from FY 2022). Net income: ₺46.4m (down 7.6% from FY 2022). Profit margin: 15% (down from 32% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Mar 27Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₺21.26, the stock trades at a trailing P/E ratio of 34.5x. Average trailing P/E is 49x in the Software industry in Turkey. Total returns to shareholders of 138% over the past three years.Valuation Update With 7 Day Price Move • Feb 22Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₺23.78, the stock trades at a trailing P/E ratio of 38.6x. Average trailing P/E is 55x in the Software industry in Turkey. Total returns to shareholders of 117% over the past three years.Valuation Update With 7 Day Price Move • Feb 05Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₺18.75, the stock trades at a trailing P/E ratio of 30.4x. Average trailing P/E is 42x in the Software industry in Turkey. Total returns to shareholders of 65% over the past three years.Valuation Update With 7 Day Price Move • Nov 22Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₺16.05, the stock trades at a trailing P/E ratio of 26x. Average trailing P/E is 36x in the Software industry in Turkey. Total returns to shareholders of 254% over the past three years.New Risk • Nov 10New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 100% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). High level of non-cash earnings (27% accrual ratio). Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Minor Risks Profit margins are more than 30% lower than last year (26% net profit margin). Market cap is less than US$100m (₺1.19b market cap, or US$41.8m).New Risk • Nov 09New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 26% Last year net profit margin: 46% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). High level of non-cash earnings (27% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (26% net profit margin). Market cap is less than US$100m (₺599.3m market cap, or US$21.0m).Valuation Update With 7 Day Price Move • Nov 03Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₺14.96, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 28x in the Software industry in Turkey. Total returns to shareholders of 227% over the past three years.New Risk • Oct 19New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Turkish stocks, typically moving 16% 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 Risks Share price has been highly volatile over the past 3 months (16% average weekly change). High level of non-cash earnings (62% accrual ratio). Minor Risk Market cap is less than US$100m (₺584.3m market cap, or US$20.9m).Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₺27.18, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 33x in the Software industry in Turkey. Total returns to shareholders of 195% over the past three years.Reported Earnings • Aug 20Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: ₺84.2m (up 277% from 2Q 2022). Net income: ₺22.5m (up ₺21.7m from 2Q 2022). Profit margin: 27% (up from 3.8% in 2Q 2022). The increase in margin was driven by higher revenue.Valuation Update With 7 Day Price Move • Aug 03Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₺27.14, the stock trades at a trailing P/E ratio of 26.4x. Average trailing P/E is 24x in the Software industry in Turkey. Total returns to shareholders of 221% over the past three years.New Risk • Jul 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Turkish stocks, typically moving 9.2% 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 High level of non-cash earnings (49% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Profit margins are more than 30% lower than last year (25% net profit margin). Market cap is less than US$100m (₺1.00b market cap, or US$37.2m).Valuation Update With 7 Day Price Move • Jul 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₺24.86, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 19x in the Software industry in Turkey. Total returns to shareholders of 167% over the past three years.Valuation Update With 7 Day Price Move • Jun 01Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₺18.45, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 14x in the Software industry in Turkey. Total returns to shareholders of 119% over the past three years.Reported Earnings • May 07First quarter 2023 earnings released: ₺0.082 loss per share (vs ₺0.062 profit in 1Q 2022)First quarter 2023 results: ₺0.082 loss per share (down from ₺0.062 profit in 1Q 2022). Revenue: ₺32.1m (up 92% from 1Q 2022). Net loss: ₺3.50m (down 231% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.Reported Earnings • Mar 04Full year 2022 earnings released: EPS: ₺3.52 (vs ₺2.46 in FY 2021)Full year 2022 results: EPS: ₺3.52 (up from ₺2.46 in FY 2021). Revenue: ₺157.2m (up 86% from FY 2021). Net income: ₺50.2m (up 43% from FY 2021). Profit margin: 32% (down from 42% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Feb 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₺67.65, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 16x in the Software industry in Turkey. Total returns to shareholders of 263% over the past three years.Valuation Update With 7 Day Price Move • Dec 26Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₺135, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 25x in the Software industry in Turkey. Total returns to shareholders of 961% over the past three years.Valuation Update With 7 Day Price Move • Dec 12Investor sentiment improved over the past weekAfter last week's 17% share price gain to ₺98.25, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 23x in the Software industry in Turkey. Total returns to shareholders of 667% over the past three years.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Director Emre Baran was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improved over the past weekAfter last week's 18% share price gain to ₺91.65, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 19x in the Software industry in Turkey. Total returns to shareholders of 863% over the past three years.Reported Earnings • Nov 06Third quarter 2022 earnings released: EPS: ₺2.16 (vs ₺0.015 in 3Q 2021)Third quarter 2022 results: EPS: ₺2.16 (up from ₺0.015 in 3Q 2021). Revenue: ₺55.3m (up 285% from 3Q 2021). Net income: ₺30.7m (up ₺30.5m from 3Q 2021). Profit margin: 56% (up from 1.5% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has increased by 105% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Oct 11Investor sentiment improved over the past weekAfter last week's 23% share price gain to ₺57.85, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 17x in the Software industry in Turkey. Total returns to shareholders of 582% over the past three years.Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₺46.98, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 16x in the Software industry in Turkey. Total returns to shareholders of 398% over the past three years.Reported Earnings • Aug 10Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: ₺22.3m (up 78% from 2Q 2021). Net income: ₺847.2k (down 22% from 2Q 2021). Profit margin: 3.8% (down from 8.7% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 61% per year whereas the company’s share price has increased by 64% per year.Reported Earnings • May 02First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: ₺16.7m (up 63% from 1Q 2021). Net income: ₺2.67m (up 7.6% from 1Q 2021). Profit margin: 16% (down from 24% in 1Q 2021). The decrease in margin was driven by higher expenses.Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Director Borgehan Koksal was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.Valuation Update With 7 Day Price Move • Feb 24Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to ₺34.16, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 27x in the Software industry in Turkey. Total returns to shareholders of 219% over the past three years.Reported Earnings • Feb 19Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ₺2.46 (up from ₺0.74 in FY 2020). Revenue: ₺84.4m (up 58% from FY 2020). Net income: ₺35.1m (up 231% from FY 2020). Profit margin: 42% (up from 20% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Dec 03Investor sentiment improved over the past weekAfter last week's 17% share price gain to ₺43.24, the stock trades at a trailing P/E ratio of 68.7x. Average trailing P/E is 46x in the Software industry in Turkey. Total returns to shareholders of 362% over the past three years.Reported Earnings • Nov 03Third quarter 2021 earnings released: EPS ₺0.015 (vs ₺0.26 in 3Q 2020)The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ₺14.3m (up 54% from 3Q 2020). Net income: ₺218.6k (down 94% from 3Q 2020). Profit margin: 1.5% (down from 39% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Oct 18Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ₺32.88, the stock trades at a trailing P/E ratio of 37.9x. Average trailing P/E is 29x in the Software industry in Turkey. Total returns to shareholders of 189% over the past three years.Valuation Update With 7 Day Price Move • Aug 23Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ₺36.16, the stock trades at a trailing P/E ratio of 41.6x. Average trailing P/E is 26x in the Software industry in Turkey. Total returns to shareholders of 263% over the past three years.Reported Earnings • Aug 08Second quarter 2021 earnings released: EPS ₺0.076 (vs ₺0.049 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₺12.5m (up 44% from 2Q 2020). Net income: ₺1.09m (up 55% from 2Q 2020). Profit margin: 8.7% (up from 8.1% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth.Reported Earnings • May 09First quarter 2021 earnings released: EPS ₺0.17 (vs ₺0.075 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₺10.3m (up 9.7% from 1Q 2020). Net income: ₺2.48m (up 132% from 1Q 2020). Profit margin: 24% (up from 11% in 1Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Apr 19Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to ₺56.00, the stock trades at a trailing P/E ratio of 75.5x. Average trailing P/E is 36x in the Software industry in Asia. Total returns to shareholders of 295% over the past three years.Valuation Update With 7 Day Price Move • Mar 22Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₺47.62, the stock trades at a trailing P/E ratio of 64.2x. Average trailing P/E is 36x in the Software industry in Asia. Total returns to shareholders of 237% over the past three years.Valuation Update With 7 Day Price Move • Feb 26Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to ₺56.20, the stock is trading at a trailing P/E ratio of 75.7x, down from the previous P/E ratio of 93.3x. This compares to an average P/E of 36x in the Software industry in Asia. Total returns to shareholders over the past three years are 253%.Reported Earnings • Feb 23Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: ₺53.4m (down 4.5% from FY 2019). Net income: ₺10.6m (down 4.7% from FY 2019). Profit margin: 20% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Feb 11Investor sentiment improved over the past weekAfter last week's 25% share price gain to ₺78.50, the stock is trading at a trailing P/E ratio of 79.6x, up from the previous P/E ratio of 63.9x. This compares to an average P/E of 34x in the Software industry in Asia. Total returns to shareholders over the past three years are 375%.Is New 90 Day High Low • Feb 08New 90-day high: ₺66.00The company is up 152% from its price of ₺26.20 on 10 November 2020. The Turkish market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is flat over the same period.Valuation Update With 7 Day Price Move • Jan 15Investor sentiment improved over the past weekAfter last week's 22% share price gain to ₺51.90, the stock is trading at a trailing P/E ratio of 52.6x, up from the previous P/E ratio of 43.2x. This compares to an average P/E of 36x in the Software industry in Asia. Total returns to shareholders over the past three years are 197%.Is New 90 Day High Low • Jan 13New 90-day high: ₺44.80The company is up 66% from its price of ₺26.92 on 15 October 2020. The Turkish market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is flat over the same period.Valuation Update With 7 Day Price Move • Dec 30Investor sentiment improved over the past weekAfter last week's 23% share price gain to ₺33.50, the stock is trading at a trailing P/E ratio of 34x, up from the previous P/E ratio of 27.6x. This compares to an average P/E of 36x in the Software industry in Asia. Total returns to shareholders over the past three years are 86%.Is New 90 Day High Low • Dec 29New 90-day high: ₺30.46The company is up 7.0% from its price of ₺28.36 on 30 September 2020. The Turkish market is up 22% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is down 1.0% over the same period.Is New 90 Day High Low • Dec 10New 90-day high: ₺28.76The company is up 13% from its price of ₺25.48 on 11 September 2020. The Turkish market is up 22% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is up 3.0% over the same period.Reported Earnings • Nov 05Third quarter 2020 earnings released: EPS ₺0.26The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₺9.29m (up 66% from 3Q 2019). Net income: ₺3.64m (up ₺4.57m from 3Q 2019). Profit margin: 39% (up from net loss in 3Q 2019). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 과거에 KRONT 의 주당 배당금이 안정적이었는지 판단하기에는 데이터가 부족합니다.배당금 증가: KRONT 의 배당금 지급이 증가했는지 판단하기에는 데이터가 부족합니다.배당 수익률 vs 시장Kron Teknoloji 배당 수익률 vs 시장KRONT의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (KRONT)0%시장 하위 25% (TR)0.4%시장 상위 25% (TR)2.9%업계 평균 (Software)1.0%분석가 예측 (KRONT) (최대 3년)n/a주목할만한 배당금: 회사가 최근 지급을 보고하지 않았기 때문에 하위 25%의 배당금 지급자에 대해 KRONT 의 배당 수익률을 평가할 수 없습니다.고배당: 회사가 최근 지급을 보고하지 않았기 때문에 배당금 지급자의 상위 25%에 대해 KRONT 의 배당 수익률을 평가할 수 없습니다.주주 대상 이익 배당수익 보장: KRONT TR 시장에서 주목할만한 배당금을 지급하지 않습니다.주주 현금 배당현금 흐름 범위: KRONT 에서 지급을 보고하지 않았기 때문에 배당 지속 가능성을 계산할 수 없습니다.높은 배당을 제공하는 우량 기업 찾기7D1Y7D1Y7D1YTR 시장에서 배당이 강한 기업.View Management기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/21 18:02종가2026/05/21 00:00수익2026/03/31연간 수익2025/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Kron Teknoloji A.S.는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
New Risk • May 20New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Turkish stocks, typically moving 10% 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 (10% average weekly change). Minor Risk Market cap is less than US$100m (₺1.53b market cap, or US$33.5m).
Valuation Update With 7 Day Price Move • May 11Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₺22.40, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 13x in the Software industry in Turkey. Total returns to shareholders of 443% over the past three years.
공시 • Mar 17Kron Teknoloji A.S., Annual General Meeting, Apr 15, 2026Kron Teknoloji A.S., Annual General Meeting, Apr 15, 2026. Location: i.t.u. ayazaga yerleskesi, koru yolu, ari-3 binasi, 3 no`lu seminer salonu, maslak, istanbul, istanbul Turkey
Reported Earnings • Mar 12Full year 2025 earnings releasedFull year 2025 results: Revenue: ₺536.7m (up 71% from FY 2024). Net income: ₺146.9m (up ₺189.6m from FY 2024). Profit margin: 27% (up from net loss in FY 2024). The move to profitability was driven by higher revenue.
New Risk • Mar 10New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Turkish stocks, typically moving 8.3% 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 High level of non-cash earnings (29% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.3% average weekly change). Market cap is less than US$100m (₺1.50b market cap, or US$34.1m).
Valuation Update With 7 Day Price Move • Mar 10Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₺17.54, the stock trades at a trailing P/E ratio of 29x. Average trailing P/E is 15x in the Software industry in Turkey. Total returns to shareholders of 174% over the past three years.
Valuation Update With 7 Day Price Move • Jan 05Investor sentiment improves as stock rises 22%After last week's 22% share price gain to ₺14.83, the stock trades at a trailing P/E ratio of 24.5x. Average trailing P/E is 12x in the Software industry in Turkey. Total returns to shareholders of 66% over the past three years.
New Risk • Jan 02New minor risk - Share price stabilityThe 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: Major Risk High level of non-cash earnings (29% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.0% average weekly change). Market cap is less than US$100m (₺1.18b market cap, or US$27.5m).
Buy Or Sell Opportunity • Nov 11Now 21% undervaluedOver the last 90 days, the stock has risen 20% to ₺15.81. The fair value is estimated to be ₺20.07, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 8.8% over the last 3 years. Earnings per share has declined by 5.0%.
Reported Earnings • Nov 10Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: ₺106.0m (up 103% from 3Q 2024). Net loss: ₺136.5k (loss narrowed 99% from 3Q 2024). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has fallen by 20% per year, which means it is performing significantly worse than earnings.
Valuation Update With 7 Day Price Move • Oct 03Investor sentiment deteriorates as stock falls 20%After last week's 20% share price decline to ₺14.70, the stock trades at a trailing P/E ratio of 53x. Average trailing P/E is 17x in the Software industry in Turkey. Total returns to shareholders of 199% over the past three years.
Valuation Update With 7 Day Price Move • Sep 18Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₺19.11, the stock trades at a trailing P/E ratio of 68.9x. Average trailing P/E is 25x in the Software industry in Turkey. Total returns to shareholders of 392% over the past three years.
New Risk • Jun 10New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Turkish stocks, typically moving 15% 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 Risks Share price has been highly volatile over the past 3 months (15% average weekly change). Earnings have declined by 5.6% per year over the past 5 years. High level of non-cash earnings (27% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (0.4% net profit margin). Market cap is less than US$100m (₺739.7m market cap, or US$18.9m).
공시 • May 07Kron Teknoloji A.S., Annual General Meeting, May 06, 2025Kron Teknoloji A.S., Annual General Meeting, May 06, 2025. Location: i.t.u. ayazaga yerieskesi, koru yolu, ari-3 binasi, 3 no`lu seminer salonu, maslak, istanbul Turkey
Reported Earnings • Mar 13Full year 2024 earnings released: ₺0.50 loss per share (vs ₺0.54 profit in FY 2023)Full year 2024 results: ₺0.50 loss per share (down from ₺0.54 profit in FY 2023). Revenue: ₺313.6m (up 1.7% from FY 2023). Net loss: ₺42.7m (down 192% from profit in FY 2023). Over the last 3 years on average, earnings per share has fallen by 54% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
New Risk • Jan 02New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Turkish stocks, typically moving 6.9% 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: Minor Risks Share price has been volatile over the past 3 months (6.9% average weekly change). Market cap is less than US$100m (₺1.96b market cap, or US$55.6m).
Reported Earnings • Nov 13Third quarter 2024 earnings released: ₺0.28 loss per share (vs ₺0.34 profit in 3Q 2023)Third quarter 2024 results: ₺0.28 loss per share (down from ₺0.34 profit in 3Q 2023). Revenue: ₺52.1m (down 11% from 3Q 2023). Net loss: ₺24.3m (down 270% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings.
Buy Or Sell Opportunity • Nov 08Now 25% overvalued after recent price riseOver the last 90 days, the stock has risen 5.0% to ₺23.00. The fair value is estimated to be ₺18.35, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 53% over the last 3 years. Meanwhile, the company has become profitable.
Buy Or Sell Opportunity • Sep 09Now 21% undervalued after recent price dropOver the last 90 days, the stock has fallen 12% to ₺18.49. The fair value is estimated to be ₺23.54, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 55% over the last 3 years. Meanwhile, the company has become profitable.
Reported Earnings • Sep 06Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: ₺80.6m (up 55% from 2Q 2023). Net income: ₺5.87m (down 78% from 2Q 2023). Profit margin: 7.3% (down from 50% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has increased by 16% per year, which means it is well ahead of earnings.
Reported Earnings • Jun 23First quarter 2024 earnings released: ₺0.24 loss per share (vs ₺0.082 loss in 1Q 2023)First quarter 2024 results: ₺0.24 loss per share (further deteriorated from ₺0.082 loss in 1Q 2023). Revenue: ₺66.5m (up 107% from 1Q 2023). Net loss: ₺20.6m (loss widened 489% from 1Q 2023). Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth.
New Risk • May 26New minor risk - Financial data availabilityThe 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 (27% accrual ratio). Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Profit margins are more than 30% lower than last year (26% net profit margin). Market cap is less than US$100m (₺2.09b market cap, or US$64.8m).
Reported Earnings • May 05Full year 2023 earnings released: EPS: ₺1.08 (vs ₺1.17 in FY 2022)Full year 2023 results: EPS: ₺1.08 (down from ₺1.17 in FY 2022). Revenue: ₺308.4m (up 96% from FY 2022). Net income: ₺46.4m (down 7.6% from FY 2022). Profit margin: 15% (down from 32% in FY 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has only increased by 11% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Mar 27Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₺21.26, the stock trades at a trailing P/E ratio of 34.5x. Average trailing P/E is 49x in the Software industry in Turkey. Total returns to shareholders of 138% over the past three years.
Valuation Update With 7 Day Price Move • Feb 22Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₺23.78, the stock trades at a trailing P/E ratio of 38.6x. Average trailing P/E is 55x in the Software industry in Turkey. Total returns to shareholders of 117% over the past three years.
Valuation Update With 7 Day Price Move • Feb 05Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₺18.75, the stock trades at a trailing P/E ratio of 30.4x. Average trailing P/E is 42x in the Software industry in Turkey. Total returns to shareholders of 65% over the past three years.
Valuation Update With 7 Day Price Move • Nov 22Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₺16.05, the stock trades at a trailing P/E ratio of 26x. Average trailing P/E is 36x in the Software industry in Turkey. Total returns to shareholders of 254% over the past three years.
New Risk • Nov 10New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 100% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (16% average weekly change). High level of non-cash earnings (27% accrual ratio). Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Minor Risks Profit margins are more than 30% lower than last year (26% net profit margin). Market cap is less than US$100m (₺1.19b market cap, or US$41.8m).
New Risk • Nov 09New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 26% Last year net profit margin: 46% 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. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). High level of non-cash earnings (27% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (26% net profit margin). Market cap is less than US$100m (₺599.3m market cap, or US$21.0m).
Valuation Update With 7 Day Price Move • Nov 03Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₺14.96, the stock trades at a trailing P/E ratio of 9.3x. Average trailing P/E is 28x in the Software industry in Turkey. Total returns to shareholders of 227% over the past three years.
New Risk • Oct 19New major risk - Share price stabilityThe company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Turkish stocks, typically moving 16% 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 Risks Share price has been highly volatile over the past 3 months (16% average weekly change). High level of non-cash earnings (62% accrual ratio). Minor Risk Market cap is less than US$100m (₺584.3m market cap, or US$20.9m).
Valuation Update With 7 Day Price Move • Oct 13Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₺27.18, the stock trades at a trailing P/E ratio of 16.8x. Average trailing P/E is 33x in the Software industry in Turkey. Total returns to shareholders of 195% over the past three years.
Reported Earnings • Aug 20Second quarter 2023 earnings releasedSecond quarter 2023 results: Revenue: ₺84.2m (up 277% from 2Q 2022). Net income: ₺22.5m (up ₺21.7m from 2Q 2022). Profit margin: 27% (up from 3.8% in 2Q 2022). The increase in margin was driven by higher revenue.
Valuation Update With 7 Day Price Move • Aug 03Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₺27.14, the stock trades at a trailing P/E ratio of 26.4x. Average trailing P/E is 24x in the Software industry in Turkey. Total returns to shareholders of 221% over the past three years.
New Risk • Jul 19New minor risk - Share price stabilityThe company's share price has been volatile over the past 3 months. It is more volatile than 75% of Turkish stocks, typically moving 9.2% 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 High level of non-cash earnings (49% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (9.2% average weekly change). Profit margins are more than 30% lower than last year (25% net profit margin). Market cap is less than US$100m (₺1.00b market cap, or US$37.2m).
Valuation Update With 7 Day Price Move • Jul 11Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₺24.86, the stock trades at a trailing P/E ratio of 24.2x. Average trailing P/E is 19x in the Software industry in Turkey. Total returns to shareholders of 167% over the past three years.
Valuation Update With 7 Day Price Move • Jun 01Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₺18.45, the stock trades at a trailing P/E ratio of 17.9x. Average trailing P/E is 14x in the Software industry in Turkey. Total returns to shareholders of 119% over the past three years.
Reported Earnings • May 07First quarter 2023 earnings released: ₺0.082 loss per share (vs ₺0.062 profit in 1Q 2022)First quarter 2023 results: ₺0.082 loss per share (down from ₺0.062 profit in 1Q 2022). Revenue: ₺32.1m (up 92% from 1Q 2022). Net loss: ₺3.50m (down 231% from profit in 1Q 2022). Over the last 3 years on average, earnings per share has increased by 62% per year but the company’s share price has only increased by 28% per year, which means it is significantly lagging earnings growth.
Reported Earnings • Mar 04Full year 2022 earnings released: EPS: ₺3.52 (vs ₺2.46 in FY 2021)Full year 2022 results: EPS: ₺3.52 (up from ₺2.46 in FY 2021). Revenue: ₺157.2m (up 86% from FY 2021). Net income: ₺50.2m (up 43% from FY 2021). Profit margin: 32% (down from 42% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 66% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Feb 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₺67.65, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 16x in the Software industry in Turkey. Total returns to shareholders of 263% over the past three years.
Valuation Update With 7 Day Price Move • Dec 26Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₺135, the stock trades at a trailing P/E ratio of 29.4x. Average trailing P/E is 25x in the Software industry in Turkey. Total returns to shareholders of 961% over the past three years.
Valuation Update With 7 Day Price Move • Dec 12Investor sentiment improved over the past weekAfter last week's 17% share price gain to ₺98.25, the stock trades at a trailing P/E ratio of 21.4x. Average trailing P/E is 23x in the Software industry in Turkey. Total returns to shareholders of 667% over the past three years.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Director Emre Baran was the last director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Nov 11Investor sentiment improved over the past weekAfter last week's 18% share price gain to ₺91.65, the stock trades at a trailing P/E ratio of 19.9x. Average trailing P/E is 19x in the Software industry in Turkey. Total returns to shareholders of 863% over the past three years.
Reported Earnings • Nov 06Third quarter 2022 earnings released: EPS: ₺2.16 (vs ₺0.015 in 3Q 2021)Third quarter 2022 results: EPS: ₺2.16 (up from ₺0.015 in 3Q 2021). Revenue: ₺55.3m (up 285% from 3Q 2021). Net income: ₺30.7m (up ₺30.5m from 3Q 2021). Profit margin: 56% (up from 1.5% in 3Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has increased by 105% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Oct 11Investor sentiment improved over the past weekAfter last week's 23% share price gain to ₺57.85, the stock trades at a trailing P/E ratio of 23.6x. Average trailing P/E is 17x in the Software industry in Turkey. Total returns to shareholders of 582% over the past three years.
Valuation Update With 7 Day Price Move • Sep 27Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₺46.98, the stock trades at a trailing P/E ratio of 19.1x. Average trailing P/E is 16x in the Software industry in Turkey. Total returns to shareholders of 398% over the past three years.
Reported Earnings • Aug 10Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: ₺22.3m (up 78% from 2Q 2021). Net income: ₺847.2k (down 22% from 2Q 2021). Profit margin: 3.8% (down from 8.7% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 61% per year whereas the company’s share price has increased by 64% per year.
Reported Earnings • May 02First quarter 2022 earnings releasedFirst quarter 2022 results: Revenue: ₺16.7m (up 63% from 1Q 2021). Net income: ₺2.67m (up 7.6% from 1Q 2021). Profit margin: 16% (down from 24% in 1Q 2021). The decrease in margin was driven by higher expenses.
Board Change • Apr 27Less than half of directors are independentFollowing the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 5 non-independent directors. Director Borgehan Koksal was the last director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.
Valuation Update With 7 Day Price Move • Feb 24Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to ₺34.16, the stock trades at a trailing P/E ratio of 13.9x. Average trailing P/E is 27x in the Software industry in Turkey. Total returns to shareholders of 219% over the past three years.
Reported Earnings • Feb 19Full year 2021 earnings: Revenues and EPS in line with analyst expectationsFull year 2021 results: EPS: ₺2.46 (up from ₺0.74 in FY 2020). Revenue: ₺84.4m (up 58% from FY 2020). Net income: ₺35.1m (up 231% from FY 2020). Profit margin: 42% (up from 20% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has increased by 57% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Dec 03Investor sentiment improved over the past weekAfter last week's 17% share price gain to ₺43.24, the stock trades at a trailing P/E ratio of 68.7x. Average trailing P/E is 46x in the Software industry in Turkey. Total returns to shareholders of 362% over the past three years.
Reported Earnings • Nov 03Third quarter 2021 earnings released: EPS ₺0.015 (vs ₺0.26 in 3Q 2020)The company reported a mediocre third quarter result with weaker earnings and profit margins, although revenues improved. Third quarter 2021 results: Revenue: ₺14.3m (up 54% from 3Q 2020). Net income: ₺218.6k (down 94% from 3Q 2020). Profit margin: 1.5% (down from 39% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 48% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Oct 18Investor sentiment deteriorated over the past weekAfter last week's 15% share price decline to ₺32.88, the stock trades at a trailing P/E ratio of 37.9x. Average trailing P/E is 29x in the Software industry in Turkey. Total returns to shareholders of 189% over the past three years.
Valuation Update With 7 Day Price Move • Aug 23Investor sentiment deteriorated over the past weekAfter last week's 17% share price decline to ₺36.16, the stock trades at a trailing P/E ratio of 41.6x. Average trailing P/E is 26x in the Software industry in Turkey. Total returns to shareholders of 263% over the past three years.
Reported Earnings • Aug 08Second quarter 2021 earnings released: EPS ₺0.076 (vs ₺0.049 in 2Q 2020)The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₺12.5m (up 44% from 2Q 2020). Net income: ₺1.09m (up 55% from 2Q 2020). Profit margin: 8.7% (up from 8.1% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 64% per year, which means it is tracking significantly ahead of earnings growth.
Reported Earnings • May 09First quarter 2021 earnings released: EPS ₺0.17 (vs ₺0.075 in 1Q 2020)The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₺10.3m (up 9.7% from 1Q 2020). Net income: ₺2.48m (up 132% from 1Q 2020). Profit margin: 24% (up from 11% in 1Q 2020). The increase in margin was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 20% per year but the company’s share price has increased by 66% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Apr 19Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to ₺56.00, the stock trades at a trailing P/E ratio of 75.5x. Average trailing P/E is 36x in the Software industry in Asia. Total returns to shareholders of 295% over the past three years.
Valuation Update With 7 Day Price Move • Mar 22Investor sentiment deteriorated over the past weekAfter last week's 16% share price decline to ₺47.62, the stock trades at a trailing P/E ratio of 64.2x. Average trailing P/E is 36x in the Software industry in Asia. Total returns to shareholders of 237% over the past three years.
Valuation Update With 7 Day Price Move • Feb 26Investor sentiment deteriorated over the past weekAfter last week's 19% share price decline to ₺56.20, the stock is trading at a trailing P/E ratio of 75.7x, down from the previous P/E ratio of 93.3x. This compares to an average P/E of 36x in the Software industry in Asia. Total returns to shareholders over the past three years are 253%.
Reported Earnings • Feb 23Full year 2020 earnings releasedThe company reported a poor full year result with weaker earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: ₺53.4m (down 4.5% from FY 2019). Net income: ₺10.6m (down 4.7% from FY 2019). Profit margin: 20% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 59% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Feb 11Investor sentiment improved over the past weekAfter last week's 25% share price gain to ₺78.50, the stock is trading at a trailing P/E ratio of 79.6x, up from the previous P/E ratio of 63.9x. This compares to an average P/E of 34x in the Software industry in Asia. Total returns to shareholders over the past three years are 375%.
Is New 90 Day High Low • Feb 08New 90-day high: ₺66.00The company is up 152% from its price of ₺26.20 on 10 November 2020. The Turkish market is up 18% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is flat over the same period.
Valuation Update With 7 Day Price Move • Jan 15Investor sentiment improved over the past weekAfter last week's 22% share price gain to ₺51.90, the stock is trading at a trailing P/E ratio of 52.6x, up from the previous P/E ratio of 43.2x. This compares to an average P/E of 36x in the Software industry in Asia. Total returns to shareholders over the past three years are 197%.
Is New 90 Day High Low • Jan 13New 90-day high: ₺44.80The company is up 66% from its price of ₺26.92 on 15 October 2020. The Turkish market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Software industry, which is flat over the same period.
Valuation Update With 7 Day Price Move • Dec 30Investor sentiment improved over the past weekAfter last week's 23% share price gain to ₺33.50, the stock is trading at a trailing P/E ratio of 34x, up from the previous P/E ratio of 27.6x. This compares to an average P/E of 36x in the Software industry in Asia. Total returns to shareholders over the past three years are 86%.
Is New 90 Day High Low • Dec 29New 90-day high: ₺30.46The company is up 7.0% from its price of ₺28.36 on 30 September 2020. The Turkish market is up 22% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is down 1.0% over the same period.
Is New 90 Day High Low • Dec 10New 90-day high: ₺28.76The company is up 13% from its price of ₺25.48 on 11 September 2020. The Turkish market is up 22% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Software industry, which is up 3.0% over the same period.
Reported Earnings • Nov 05Third quarter 2020 earnings released: EPS ₺0.26The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₺9.29m (up 66% from 3Q 2019). Net income: ₺3.64m (up ₺4.57m from 3Q 2019). Profit margin: 39% (up from net loss in 3Q 2019). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 20% per year, which means it is tracking significantly ahead of earnings growth.