View Financial HealthConsus Enerji Isletmeciligi ve Hizmetleri 배당 및 자사주 매입배당 기준 점검 0/6Consus Enerji Isletmeciligi ve Hizmetleri 배당금을 지급한 기록이 없습니다.핵심 정보n/a배당 수익률5.9%자사주 매입 수익률총 주주 수익률5.9%미래 배당 수익률n/a배당 성장률n/a다음 배당 지급일n/a배당락일n/a주당 배당금n/a배당 성향n/a최근 배당 및 자사주 매입 업데이트업데이트 없음모든 업데이트 보기Recent updatesValuation Update With 7 Day Price Move • May 21Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₺2.73, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 22x in the Renewable Energy industry in Turkey. Total loss to shareholders of 12% over the past three years.New Risk • May 20New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 40% 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 Interest payments are not well covered by earnings (0.2x net interest cover). High level of non-cash earnings (40% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (7.0% net profit margin). Market cap is less than US$100m (₺2.37b market cap, or US$51.9m).Valuation Update With 7 Day Price Move • Mar 02Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₺3.11, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 21x in the Renewable Energy industry in Turkey. Total loss to shareholders of 28% over the past three years.New Risk • Mar 02New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.2% Last year net profit margin: 11% 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 Risk Interest payments are not well covered by earnings (0.1x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (7.2% net profit margin). Market cap is less than US$100m (₺2.56b market cap, or US$58.3m).공시 • Feb 25Consus Enerji Isletmeciligi ve Hizmetleri A.S., Annual General Meeting, Mar 24, 2026Consus Enerji Isletmeciligi ve Hizmetleri A.S., Annual General Meeting, Mar 24, 2026. Location: esentepe mahallesi buyukdere caddesi, no: 193/2 sisli/, istanbul TurkeyValuation Update With 7 Day Price Move • Feb 12Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₺3.71, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 19x in the Renewable Energy industry in Turkey. Total loss to shareholders of 1.1% over the past three years.Reported Earnings • Nov 13Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: ₺356.8m (up 14% from 3Q 2024). Net income: ₺37.7m (up ₺39.1m from 3Q 2024). Profit margin: 11% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings.New Risk • Aug 28New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.9% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.9% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (₺2.73b market cap, or US$66.5m).공시 • Mar 26Consus Enerji Isletmeciligi ve Hizmetleri A.S., Annual General Meeting, May 08, 2025Consus Enerji Isletmeciligi ve Hizmetleri A.S., Annual General Meeting, May 08, 2025. Location: esentepe mahallesi buyukdere, caddesi no: 193/2 sisli/istanbul, istanbul TurkeyValuation Update With 7 Day Price Move • Mar 21Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₺2.44, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 13x in the Renewable Energy industry in Turkey. Total loss to shareholders of 28% over the past year.New Risk • Mar 17New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Revenue has declined by 20% over the past year. Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (₺2.22b market cap, or US$60.6m).Reported Earnings • Mar 06Full year 2024 earnings released: EPS: ₺0.28 (vs ₺0.54 in FY 2023)Full year 2024 results: EPS: ₺0.28 (down from ₺0.54 in FY 2023). Revenue: ₺1.37b (up 16% from FY 2023). Net income: ₺151.7m (down 28% from FY 2023). Profit margin: 11% (down from 18% in FY 2023).Reported Earnings • Nov 13Third quarter 2024 earnings released: ₺0.004 loss per share (vs ₺0.077 profit in 3Q 2023)Third quarter 2024 results: ₺0.004 loss per share (down from ₺0.077 profit in 3Q 2023). Revenue: ₺314.3m (up 16% from 3Q 2023). Net loss: ₺1.40m (down 105% from profit in 3Q 2023).Reported Earnings • Sep 11Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: ₺306.4m (up 46% from 2Q 2023). Net income: ₺8.58m (down 34% from 2Q 2023). Profit margin: 2.8% (down from 6.2% in 2Q 2023).New Risk • Aug 13New 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (13% average weekly change). Revenue has declined by 8.8% over the past year. High level of non-cash earnings (20% accrual ratio). Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₺2.31b market cap, or US$68.7m).Valuation Update With 7 Day Price Move • Jul 25Investor sentiment deteriorates as stock falls 43%After last week's 43% share price decline to ₺3.15, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 13x in the Renewable Energy industry in Turkey. Total loss to shareholders of 61% over the past year.Reported Earnings • Jun 06First quarter 2024 earnings released: EPS: ₺0.031 (vs ₺0.004 in 1Q 2023)First quarter 2024 results: EPS: ₺0.031 (up from ₺0.004 in 1Q 2023). Revenue: ₺291.9m (up 70% from 1Q 2023). Net income: ₺12.1m (up ₺10.5m from 1Q 2023). Profit margin: 4.1% (up from 0.9% in 1Q 2023).Valuation Update With 7 Day Price Move • May 10Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₺6.25, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 20x in the Renewable Energy industry in Turkey. Total returns to shareholders of 21% over the past year.Valuation Update With 7 Day Price Move • Apr 24Investor sentiment improves as stock rises 46%After last week's 46% share price gain to ₺8.30, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 24x in the Renewable Energy industry in Turkey. Total returns to shareholders of 47% over the past year.New Risk • Apr 18New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% 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 Debt is not well covered by operating cash flow (8.2% operating cash flow to total debt). High level of non-cash earnings (21% accrual ratio). Minor Risk Market cap is less than US$100m (₺2.41b market cap, or US$74.1m).Reported Earnings • Apr 18Full year 2023 earnings released: EPS: ₺0.54 (vs ₺0.13 in FY 2022)Full year 2023 results: EPS: ₺0.54 (up from ₺0.13 in FY 2022). Revenue: ₺1.18b (up 111% from FY 2022). Net income: ₺209.4m (up 346% from FY 2022). Profit margin: 18% (up from 8.4% in FY 2022). The increase in margin was driven by higher revenue.Reported Earnings • Nov 09Third quarter 2023 earnings released: EPS: ₺0.077 (vs ₺0.10 in 3Q 2022)Third quarter 2023 results: EPS: ₺0.077 (down from ₺0.10 in 3Q 2022). Revenue: ₺271.2m (up 45% from 3Q 2022). Net income: ₺29.7m (down 32% from 3Q 2022). Profit margin: 11% (down from 23% in 3Q 2022). The decrease in margin was driven by higher expenses.New Risk • Oct 13New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₺2.75b (US$99.0m) 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 Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Less than 3 years of financial data is available. Profit margins are more than 30% lower than last year (4.5% net profit margin). Market cap is less than US$100m (₺2.75b market cap, or US$99.0m).New Risk • Aug 17New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.5% Last year net profit margin: 11% 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 Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Less than 3 years of financial data is available. Profit margins are more than 30% lower than last year (4.5% net profit margin).Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: ₺0.03 (vs ₺0.08 in 2Q 2022)Second quarter 2023 results: EPS: ₺0.03 (down from ₺0.08 in 2Q 2022). Revenue: ₺209.7m (up 60% from 2Q 2022). Net income: ₺12.9m (down 57% from 2Q 2022). Profit margin: 6.2% (down from 23% in 2Q 2022). The decrease in margin was driven by higher expenses.Valuation Update With 7 Day Price Move • Jul 21Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₺8.28, the stock trades at a trailing P/E ratio of 67.1x. Average trailing P/E is 18x in the Renewable Energy industry in Turkey. Total returns to shareholders of 128% over the past year.Valuation Update With 7 Day Price Move • Jul 07Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₺7.05, the stock trades at a trailing P/E ratio of 57.2x. Average trailing P/E is 17x in the Renewable Energy industry in Turkey. Total returns to shareholders of 103% over the past year.Reported Earnings • May 11First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: ₺172.0m (up 27% from 1Q 2022). Net income: ₺1.55m (up 58% from 1Q 2022). Profit margin: 0.9% (up from 0.7% in 1Q 2022). The increase in margin was driven by higher revenue.Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. was the last director to join the board, commencing their role in . The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.지급의 안정성과 성장배당 데이터 가져오는 중안정적인 배당: 과거에 CONSE 의 주당 배당금이 안정적이었는지 판단하기에는 데이터가 부족합니다.배당금 증가: CONSE 의 배당금 지급이 증가했는지 판단하기에는 데이터가 부족합니다.배당 수익률 vs 시장Consus Enerji Isletmeciligi ve Hizmetleri 배당 수익률 vs 시장CONSE의 배당 수익률은 시장과 어떻게 비교되나요?구분배당 수익률회사 (CONSE)n/a시장 하위 25% (TR)0.5%시장 상위 25% (TR)3.3%업계 평균 (Renewable Energy)3.2%분석가 예측 (CONSE) (최대 3년)n/a주목할만한 배당금: 회사가 최근 지급을 보고하지 않았기 때문에 하위 25%의 배당금 지급자에 대해 CONSE 의 배당 수익률을 평가할 수 없습니다.고배당: 회사가 최근 지급을 보고하지 않았기 때문에 배당금 지급자의 상위 25%에 대해 CONSE 의 배당 수익률을 평가할 수 없습니다.주주 대상 이익 배당수익 보장: 배당금 지급이 수익으로 충당되는지 확인하기 위해 CONSE 의 지급 비율을 계산하기에는 데이터가 부족합니다.주주 현금 배당현금 흐름 범위: CONSE 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 분석2026/06/11 17:25종가2026/06/11 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 소스Consus Enerji Isletmeciligi ve Hizmetleri 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.
Valuation Update With 7 Day Price Move • May 21Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₺2.73, the stock trades at a trailing P/E ratio of 19.4x. Average trailing P/E is 22x in the Renewable Energy industry in Turkey. Total loss to shareholders of 12% over the past three years.
New Risk • May 20New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 40% 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 Interest payments are not well covered by earnings (0.2x net interest cover). High level of non-cash earnings (40% accrual ratio). Minor Risks Profit margins are more than 30% lower than last year (7.0% net profit margin). Market cap is less than US$100m (₺2.37b market cap, or US$51.9m).
Valuation Update With 7 Day Price Move • Mar 02Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₺3.11, the stock trades at a trailing P/E ratio of 19.8x. Average trailing P/E is 21x in the Renewable Energy industry in Turkey. Total loss to shareholders of 28% over the past three years.
New Risk • Mar 02New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.2% Last year net profit margin: 11% 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 Risk Interest payments are not well covered by earnings (0.1x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (7.2% net profit margin). Market cap is less than US$100m (₺2.56b market cap, or US$58.3m).
공시 • Feb 25Consus Enerji Isletmeciligi ve Hizmetleri A.S., Annual General Meeting, Mar 24, 2026Consus Enerji Isletmeciligi ve Hizmetleri A.S., Annual General Meeting, Mar 24, 2026. Location: esentepe mahallesi buyukdere caddesi, no: 193/2 sisli/, istanbul Turkey
Valuation Update With 7 Day Price Move • Feb 12Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₺3.71, the stock trades at a trailing P/E ratio of 12x. Average trailing P/E is 19x in the Renewable Energy industry in Turkey. Total loss to shareholders of 1.1% over the past three years.
Reported Earnings • Nov 13Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: ₺356.8m (up 14% from 3Q 2024). Net income: ₺37.7m (up ₺39.1m from 3Q 2024). Profit margin: 11% (up from net loss in 3Q 2024). Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings.
New Risk • Aug 28New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 9.9% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (9.9% operating cash flow to total debt). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (₺2.73b market cap, or US$66.5m).
공시 • Mar 26Consus Enerji Isletmeciligi ve Hizmetleri A.S., Annual General Meeting, May 08, 2025Consus Enerji Isletmeciligi ve Hizmetleri A.S., Annual General Meeting, May 08, 2025. Location: esentepe mahallesi buyukdere, caddesi no: 193/2 sisli/istanbul, istanbul Turkey
Valuation Update With 7 Day Price Move • Mar 21Investor sentiment deteriorates as stock falls 15%After last week's 15% share price decline to ₺2.44, the stock trades at a trailing P/E ratio of 12.4x. Average trailing P/E is 13x in the Renewable Energy industry in Turkey. Total loss to shareholders of 28% over the past year.
New Risk • Mar 17New major risk - Financial positionThe company's debt is not well covered by operating cash flow. Operating cash flow to total debt ratio: 18% This is considered a major risk. If the company's operating cash flows are too small relative to the size of their debt, it increases their balance sheet risk. The company has less cash from operations to cover its expenses from servicing large debt and it increases the risk of liquidity issues. It also extends the time it would take for the company to pay back the debt in full, meaning it may not be able to easily pay it all off in a distress scenario. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (18% operating cash flow to total debt). Revenue has declined by 20% over the past year. Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (11% net profit margin). Market cap is less than US$100m (₺2.22b market cap, or US$60.6m).
Reported Earnings • Mar 06Full year 2024 earnings released: EPS: ₺0.28 (vs ₺0.54 in FY 2023)Full year 2024 results: EPS: ₺0.28 (down from ₺0.54 in FY 2023). Revenue: ₺1.37b (up 16% from FY 2023). Net income: ₺151.7m (down 28% from FY 2023). Profit margin: 11% (down from 18% in FY 2023).
Reported Earnings • Nov 13Third quarter 2024 earnings released: ₺0.004 loss per share (vs ₺0.077 profit in 3Q 2023)Third quarter 2024 results: ₺0.004 loss per share (down from ₺0.077 profit in 3Q 2023). Revenue: ₺314.3m (up 16% from 3Q 2023). Net loss: ₺1.40m (down 105% from profit in 3Q 2023).
Reported Earnings • Sep 11Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: ₺306.4m (up 46% from 2Q 2023). Net income: ₺8.58m (down 34% from 2Q 2023). Profit margin: 2.8% (down from 6.2% in 2Q 2023).
New Risk • Aug 13New 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 Debt is not well covered by operating cash flow (currently running at an operating cash loss). Share price has been highly volatile over the past 3 months (13% average weekly change). Revenue has declined by 8.8% over the past year. High level of non-cash earnings (20% accrual ratio). Shareholders have been substantially diluted in the past year (100% increase in shares outstanding). Minor Risk Market cap is less than US$100m (₺2.31b market cap, or US$68.7m).
Valuation Update With 7 Day Price Move • Jul 25Investor sentiment deteriorates as stock falls 43%After last week's 43% share price decline to ₺3.15, the stock trades at a trailing P/E ratio of 6.1x. Average trailing P/E is 13x in the Renewable Energy industry in Turkey. Total loss to shareholders of 61% over the past year.
Reported Earnings • Jun 06First quarter 2024 earnings released: EPS: ₺0.031 (vs ₺0.004 in 1Q 2023)First quarter 2024 results: EPS: ₺0.031 (up from ₺0.004 in 1Q 2023). Revenue: ₺291.9m (up 70% from 1Q 2023). Net income: ₺12.1m (up ₺10.5m from 1Q 2023). Profit margin: 4.1% (up from 0.9% in 1Q 2023).
Valuation Update With 7 Day Price Move • May 10Investor sentiment deteriorates as stock falls 17%After last week's 17% share price decline to ₺6.25, the stock trades at a trailing P/E ratio of 11.5x. Average trailing P/E is 20x in the Renewable Energy industry in Turkey. Total returns to shareholders of 21% over the past year.
Valuation Update With 7 Day Price Move • Apr 24Investor sentiment improves as stock rises 46%After last week's 46% share price gain to ₺8.30, the stock trades at a trailing P/E ratio of 15.3x. Average trailing P/E is 24x in the Renewable Energy industry in Turkey. Total returns to shareholders of 47% over the past year.
New Risk • Apr 18New major risk - Earnings qualityThe company has a high level of non-cash earnings. Accrual ratio: 21% 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 Debt is not well covered by operating cash flow (8.2% operating cash flow to total debt). High level of non-cash earnings (21% accrual ratio). Minor Risk Market cap is less than US$100m (₺2.41b market cap, or US$74.1m).
Reported Earnings • Apr 18Full year 2023 earnings released: EPS: ₺0.54 (vs ₺0.13 in FY 2022)Full year 2023 results: EPS: ₺0.54 (up from ₺0.13 in FY 2022). Revenue: ₺1.18b (up 111% from FY 2022). Net income: ₺209.4m (up 346% from FY 2022). Profit margin: 18% (up from 8.4% in FY 2022). The increase in margin was driven by higher revenue.
Reported Earnings • Nov 09Third quarter 2023 earnings released: EPS: ₺0.077 (vs ₺0.10 in 3Q 2022)Third quarter 2023 results: EPS: ₺0.077 (down from ₺0.10 in 3Q 2022). Revenue: ₺271.2m (up 45% from 3Q 2022). Net income: ₺29.7m (down 32% from 3Q 2022). Profit margin: 11% (down from 23% in 3Q 2022). The decrease in margin was driven by higher expenses.
New Risk • Oct 13New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: ₺2.75b (US$99.0m) 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 Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Less than 3 years of financial data is available. Profit margins are more than 30% lower than last year (4.5% net profit margin). Market cap is less than US$100m (₺2.75b market cap, or US$99.0m).
New Risk • Aug 17New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.5% Last year net profit margin: 11% 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 Risk Interest payments are not well covered by earnings (1.2x net interest cover). Minor Risks Less than 3 years of financial data is available. Profit margins are more than 30% lower than last year (4.5% net profit margin).
Reported Earnings • Aug 17Second quarter 2023 earnings released: EPS: ₺0.03 (vs ₺0.08 in 2Q 2022)Second quarter 2023 results: EPS: ₺0.03 (down from ₺0.08 in 2Q 2022). Revenue: ₺209.7m (up 60% from 2Q 2022). Net income: ₺12.9m (down 57% from 2Q 2022). Profit margin: 6.2% (down from 23% in 2Q 2022). The decrease in margin was driven by higher expenses.
Valuation Update With 7 Day Price Move • Jul 21Investor sentiment improves as stock rises 18%After last week's 18% share price gain to ₺8.28, the stock trades at a trailing P/E ratio of 67.1x. Average trailing P/E is 18x in the Renewable Energy industry in Turkey. Total returns to shareholders of 128% over the past year.
Valuation Update With 7 Day Price Move • Jul 07Investor sentiment improves as stock rises 15%After last week's 15% share price gain to ₺7.05, the stock trades at a trailing P/E ratio of 57.2x. Average trailing P/E is 17x in the Renewable Energy industry in Turkey. Total returns to shareholders of 103% over the past year.
Reported Earnings • May 11First quarter 2023 earnings releasedFirst quarter 2023 results: Revenue: ₺172.0m (up 27% from 1Q 2022). Net income: ₺1.55m (up 58% from 1Q 2022). Profit margin: 0.9% (up from 0.7% in 1Q 2022). The increase in margin was driven by higher revenue.
Board Change • Nov 16Less than half of directors are independentFollowing the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 4 non-independent directors. was the last director to join the board, commencing their role in . The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.