New Risk • May 18
New major risk - Revenue and earnings growth Earnings have declined by 8.9% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 8.9% per year over the past 5 years. Minor Risk Dividend is not well covered by earnings (210% payout ratio). Board Change • May 02
High number of new and inexperienced directors There are 6 new directors who have joined the board in the last 3 years. The company's board is composed of: 6 new directors. 1 experienced director. No highly experienced directors. Non-Executive Independent Director Numan Numanbayraktaroglu is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Mar 08
Full year 2025 earnings released Full year 2025 results: Revenue: ₺4.73b (flat on FY 2024). Net loss: ₺94.9m (down 111% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Mar 03
Ege Endüstri ve Ticaret A.S., Annual General Meeting, Mar 26, 2026 Ege Endüstri ve Ticaret A.S., Annual General Meeting, Mar 26, 2026. Location: kemalpasa cad. no: 280 pinarbasi, izmir Turkey Board Change • Dec 03
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Mehmet Gunel was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. New Risk • Nov 27
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 35% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Minor Risks Dividend is not well covered by earnings (210% payout ratio). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (2.1% net profit margin). Reported Earnings • Nov 13
Third quarter 2025 earnings released: EPS: ₺0.047 (vs ₺48.37 in 3Q 2024) Third quarter 2025 results: EPS: ₺0.047 (down from ₺48.37 in 3Q 2024). Revenue: ₺1.03b (down 5.1% from 3Q 2024). Net income: ₺14.7m (down 90% from 3Q 2024). Profit margin: 1.4% (down from 14% in 3Q 2024). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 21% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. New Risk • May 23
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 13% Last year net profit margin: 21% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. This is currently the only risk that has been identified for the company. Upcoming Dividend • Mar 21
Upcoming dividend of ₺53.00 per share Eligible shareholders must have bought the stock before 28 March 2025. Payment date: 03 April 2025. Payout ratio is a comfortable 51% but the company is paying out more than the cash it is generating. Trailing yield: 1.1%. Lower than top quartile of Turkish dividend payers (3.0%). Lower than average of industry peers (2.0%). New Risk • Mar 12
New major risk - Revenue size The company makes less than US$1m in revenue. Total revenue: ₺4.7m (US$129k) This is considered a major risk. Companies with a small amount of revenue 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 Revenue is less than US$1m (₺4.7m revenue, or US$129k). Minor Risk Dividend is not well covered by cash flows (dividend per share is over 3773x cash flows per share). Announcement • Mar 03
Ege Endüstri ve Ticaret A.S., Annual General Meeting, Mar 26, 2025 Ege Endüstri ve Ticaret A.S., Annual General Meeting, Mar 26, 2025. Location: kemalpasa cad. no: 280 pinarbasi, izmir Turkey Reported Earnings • Mar 03
Full year 2024 earnings released: EPS: ₺271 (vs ₺221 in FY 2023) Full year 2024 results: EPS: ₺271 (up from ₺221 in FY 2023). Revenue: ₺4.70b (up 20% from FY 2023). Net income: ₺853.0m (up 23% from FY 2023). Profit margin: 18% (in line with FY 2023). Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 73% per year, which means it is well ahead of earnings. Announcement • Mar 02
Ege Endüstri ve Ticaret A.S. announces Annual dividend, payable on April 03, 2025 Ege Endüstri ve Ticaret A.S. announced Annual dividend of TRY 53.0000 per share payable on April 03, 2025, ex-date on March 28, 2025 and record date on April 02, 2025. New Risk • Nov 25
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Over 99x increase in shares outstanding. 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 High level of non-cash earnings (21% accrual ratio). Shareholders have been substantially diluted in the past year (over 99x increase in shares outstanding). Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Nov 13
Third quarter 2024 earnings released: EPS: ₺0.48 (vs ₺119 in 3Q 2023) Third quarter 2024 results: EPS: ₺0.48 (down from ₺119 in 3Q 2023). Revenue: ₺1.09b (up 22% from 3Q 2023). Net income: ₺152.4m (down 59% from 3Q 2023). Profit margin: 14% (down from 42% in 3Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 94% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Oct 01
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: ₺1.02b (up 35% from 2Q 2023). Net income: ₺212.9m (down 43% from 2Q 2023). Profit margin: 21% (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 increased by 16% per year but the company’s share price has increased by 108% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jun 17
First quarter 2024 earnings released: EPS: ₺69.83 (vs ₺50.45 in 1Q 2023) First quarter 2024 results: EPS: ₺69.83 (up from ₺50.45 in 1Q 2023). Revenue: ₺1.03b (up 58% from 1Q 2023). Net income: ₺220.0m (up 38% from 1Q 2023). Profit margin: 21% (down from 24% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 27% per year but the company’s share price has increased by 115% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 22
Upcoming dividend of ₺103 per share Eligible shareholders must have bought the stock before 29 May 2024. Payment date: 31 May 2024. Payout ratio is a comfortable 19% but the company is paying out more than the cash it is generating. Trailing yield: 0.5%. Lower than top quartile of Turkish dividend payers (2.1%). Lower than average of industry peers (1.0%). Valuation Update With 7 Day Price Move • May 13
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₺14,005, the stock trades at a trailing P/E ratio of 63.4x. Average trailing P/E is 55x in the Auto Components industry in Turkey. Total returns to shareholders of 967% over the past three years. Reported Earnings • May 07
Full year 2023 earnings released: EPS: ₺221 (vs ₺285 in FY 2022) Full year 2023 results: EPS: ₺221 (down from ₺285 in FY 2022). Revenue: ₺3.91b (up 74% from FY 2022). Net income: ₺696.2m (down 23% from FY 2022). Profit margin: 18% (down from 40% 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 36% per year but the company’s share price has increased by 124% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₺16,440, the stock trades at a trailing P/E ratio of 46.4x. Average trailing P/E is 73x in the Auto Components industry in Turkey. Total returns to shareholders of 1,116% over the past three years. Valuation Update With 7 Day Price Move • Mar 01
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₺17,365, the stock trades at a trailing P/E ratio of 49x. Average trailing P/E is 88x in the Auto Components industry in Turkey. Total returns to shareholders of 1,115% over the past three years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment improves as stock rises 19% After last week's 19% share price gain to ₺12,748, the stock trades at a trailing P/E ratio of 36x. Average trailing P/E is 86x in the Auto Components industry in Turkey. Total returns to shareholders of 701% over the past three years. Valuation Update With 7 Day Price Move • Dec 22
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₺11,118, the stock trades at a trailing P/E ratio of 31.4x. Average trailing P/E is 79x in the Auto Components industry in Turkey. Total returns to shareholders of 662% over the past three years. Valuation Update With 7 Day Price Move • Nov 30
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₺11,498, the stock trades at a trailing P/E ratio of 32.5x. Average trailing P/E is 85x in the Auto Components industry in Turkey. Total returns to shareholders of 651% over the past three years. Reported Earnings • Nov 05
Third quarter 2023 earnings released: EPS: ₺119 (vs ₺70.63 in 3Q 2022) Third quarter 2023 results: EPS: ₺119 (up from ₺70.63 in 3Q 2022). Revenue: ₺895.5m (up 50% from 3Q 2022). Net income: ₺373.3m (up 68% from 3Q 2022). Profit margin: 42% (up from 37% in 3Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has increased by 95% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Nov 05
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 28% 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. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Oct 03
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₺9,196, the stock trades at a trailing P/E ratio of 30x. Average trailing P/E is 37x in the Auto Components industry in Turkey. Total returns to shareholders of 1,274% over the past three years. Reported Earnings • Aug 21
Second quarter 2023 earnings released: EPS: ₺119 (vs ₺77.70 in 2Q 2022) Second quarter 2023 results: EPS: ₺119 (up from ₺77.70 in 2Q 2022). Revenue: ₺754.8m (up 61% from 2Q 2022). Net income: ₺373.6m (up 53% from 2Q 2022). Profit margin: 50% (down from 52% in 2Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 51% per year but the company’s share price has increased by 116% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jun 27
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₺5,351, the stock trades at a trailing P/E ratio of 20.2x. Average trailing P/E is 20x in the Auto Components industry in Turkey. Total returns to shareholders of 864% over the past three years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₺4,726, the stock trades at a trailing P/E ratio of 17.8x. Average trailing P/E is 18x in the Auto Components industry in Turkey. Total returns to shareholders of 834% over the past three years. Reported Earnings • May 12
First quarter 2023 earnings released: EPS: ₺50.45 (vs ₺70.27 in 1Q 2022) First quarter 2023 results: EPS: ₺50.45 (down from ₺70.27 in 1Q 2022). Revenue: ₺650.1m (up 41% from 1Q 2022). Net income: ₺158.9m (down 28% from 1Q 2022). Profit margin: 24% (down from 48% in 1Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 54% per year but the company’s share price has increased by 96% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 21
Upcoming dividend of ₺69.00 per share at 1.5% yield Eligible shareholders must have bought the stock before 28 April 2023. Payment date: 03 May 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Turkish dividend payers (3.2%). Lower than average of industry peers (2.6%). Board Change • Apr 02
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Non-Executive Independent Director Huseyin Oral was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Upcoming Dividend • Mar 22
Upcoming dividend of ₺69.00 per share at 1.5% yield Eligible shareholders must have bought the stock before 29 March 2023. Payment date: 31 March 2023. Payout ratio is a comfortable 23% and this is well supported by cash flows. Trailing yield: 1.5%. Lower than top quartile of Turkish dividend payers (2.9%). Lower than average of industry peers (2.5%). Reported Earnings • Mar 03
Full year 2022 earnings released: EPS: ₺285 (vs ₺192 in FY 2021) Full year 2022 results: EPS: ₺285 (up from ₺192 in FY 2021). Revenue: ₺2.25b (up 114% from FY 2021). Net income: ₺898.7m (up 49% from FY 2021). Profit margin: 40% (down from 57% 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 57% per year but the company’s share price has increased by 104% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₺4,246, the stock trades at a trailing P/E ratio of 13.3x. Average trailing P/E is 16x in the Auto Components industry in Turkey. Total returns to shareholders of 578% over the past three years. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment improved over the past week After last week's 17% share price gain to ₺6,232, the stock trades at a trailing P/E ratio of 19.5x. Average trailing P/E is 18x in the Auto Components industry in Turkey. Total returns to shareholders of 1,090% over the past three years. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment improved over the past week After last week's 20% share price gain to ₺5,844, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 17x in the Auto Components industry in Turkey. Total returns to shareholders of 1,110% over the past three years. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improved over the past week After last week's 23% share price gain to ₺4,394, the stock trades at a trailing P/E ratio of 13.8x. Average trailing P/E is 14x in the Auto Components industry in Turkey. Total returns to shareholders of 938% over the past three years. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Ali Tunaliaoglu was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Nov 09
Third quarter 2022 earnings released: EPS: ₺70.63 (vs ₺30.89 in 3Q 2021) Third quarter 2022 results: EPS: ₺70.63 (up from ₺30.89 in 3Q 2021). Revenue: ₺595.3m (up 122% from 3Q 2021). Net income: ₺222.5m (up 129% from 3Q 2021). Profit margin: 37% (up from 36% 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 54% per year but the company’s share price has increased by 89% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 10
Investor sentiment improved over the past week After last week's 16% share price gain to ₺2,701, the stock trades at a trailing P/E ratio of 9.7x. Average trailing P/E is 14x in the Auto Components industry in Turkey. Total returns to shareholders of 569% over the past three years. Reported Earnings • Aug 18
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: ₺469.7m (up 101% from 2Q 2021). Net income: ₺244.8m (up 176% from 2Q 2021). Profit margin: 52% (up from 38% in 2Q 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Jun 20
Investor sentiment improved over the past week After last week's 24% share price gain to ₺2,206, the stock trades at a trailing P/E ratio of 20.1x. Average trailing P/E is 11x in the Auto Components industry in Turkey. Total returns to shareholders of 428% over the past three years. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 6 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Ali Tunaliaoglu was the last independent director to join the board, commencing their role in 2015. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Apr 22
Upcoming dividend of ₺48.00 per share Eligible shareholders must have bought the stock before 29 April 2022. Payment date: 06 May 2022. Trailing yield: 3.8%. Within top quartile of Turkish dividend payers (3.7%). Higher than average of industry peers (2.5%). Upcoming Dividend • Mar 24
Inaugural dividend of ₺24.00 per share Eligible shareholders must have bought the stock before 31 March 2022. Payment date: 04 April 2022. The company is not currently making a profit and there are not enough cash flows to support it either. The company last paid an ordinary dividend in March 2013. The average dividend yield among industry peers is 2.2%. Valuation Update With 7 Day Price Move • Dec 23
Investor sentiment deteriorated over the past week After last week's 21% share price decline to ₺1,685, the stock trades at a trailing P/E ratio of 15.4x. Average trailing P/E is 13x in the Auto Components industry in Turkey. Total returns to shareholders of 503% over the past three years. Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 15% share price gain to ₺1,975, the stock trades at a trailing P/E ratio of 18x. Average trailing P/E is 14x in the Auto Components industry in Turkey. Total returns to shareholders of 549% over the past three years. Reported Earnings • Nov 07
Third quarter 2021 earnings released: EPS ₺30.89 (vs ₺33.60 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: ₺268.4m (up 91% from 3Q 2020). Net income: ₺97.3m (down 8.1% from 3Q 2020). Profit margin: 36% (down from 75% in 3Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has increased by 55% per year, which means it is well ahead of earnings. Reported Earnings • Aug 18
Second quarter 2021 earnings released: EPS ₺28.11 (vs ₺11.51 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were weaker. Second quarter 2021 results: Revenue: ₺233.2m (up 220% from 2Q 2020). Net income: ₺88.5m (up 144% from 2Q 2020). Profit margin: 38% (down from 50% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 2% per year but the company’s share price has increased by 56% per year, which means it is well ahead of earnings. Reported Earnings • May 20
First quarter 2021 earnings released: EPS ₺32.00 (vs ₺20.03 in 1Q 2020) The company reported a strong first quarter result with improved earnings, revenues and profit margins. First quarter 2021 results: Revenue: ₺169.0m (up 38% from 1Q 2020). Net income: ₺100.8m (up 60% from 1Q 2020). Profit margin: 60% (up from 52% in 1Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 66% per year, which means it is well ahead of earnings. Upcoming Dividend • Mar 19
Upcoming Dividend of ₺60.30 Per Share Will be paid on the 30th of March to those who are registered shareholders by the 26th of March. The trailing yield of 2.5% is in the top quartile of Turkish dividend payers (2.5%), and it is higher than industry peers (1.7%). Reported Earnings • Mar 05
Full year 2020 earnings released The company reported a decent full year result with improved earnings and profit margins, although revenues were weaker. Full year 2020 results: Revenue: ₺509.9m (down 49% from FY 2019). Net income: ₺263.7m (up 13% from FY 2019). Profit margin: 52% (up from 23% in FY 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Feb 24
New 90-day low: ₺1,511 The company is down 10.0% from its price of ₺1,675 on 26 November 2020. The Turkish market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Auto Components industry, which is up 29% over the same period. Is New 90 Day High Low • Jan 15
New 90-day high: ₺1,829 The company is up 131% from its price of ₺790 on 16 October 2020. The Turkish market is up 17% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 57% over the same period. Is New 90 Day High Low • Dec 28
New 90-day high: ₺1,804 The company is up 150% from its price of ₺723 on 29 September 2020. The Turkish market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 53% over the same period. Valuation Update With 7 Day Price Move • Nov 23
Market bids up stock over the past week After last week's 15% share price gain to ₺1,557, the stock is trading at a trailing P/E ratio of 21.4x, up from the previous P/E ratio of 18.5x. This compares to an average P/E of 37x in the Auto Components industry in Turkey. Total returns to shareholders over the past three years are 572%. Is New 90 Day High Low • Nov 09
New 90-day high: ₺1,342 The company is up 87% from its price of ₺717 on 11 August 2020. The Turkish market is down 4.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 35% over the same period. Reported Earnings • Nov 07
Third quarter 2020 earnings released: EPS ₺33.60 The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2020 results: Revenue: ₺140.9m (down 41% from 3Q 2019). Net income: ₺105.8m (up 160% from 3Q 2019). Profit margin: 75% (up from 17% in 3Q 2019). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 12% per year but the company’s share price has increased by 61% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 03
Market bids up stock over the past week After last week's 18% share price gain to ₺1,112, the stock is trading at a trailing P/E ratio of 20.6x, up from the previous P/E ratio of 17.5x. This compares to an average P/E of 19x in the Auto Components industry in Turkey. Total returns to shareholders over the past three years are 352%. Is New 90 Day High Low • Oct 20
New 90-day high: ₺956 The company is up 38% from its price of ₺690 on 22 July 2020. The Turkish market is up 14% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Auto Components industry, which is up 19% over the same period. Valuation Update With 7 Day Price Move • Oct 20
Market bids up stock over the past week After last week's 23% share price gain to ₺956, the stock is trading at a trailing P/E ratio of 17.7x, up from the previous P/E ratio of 14.3x. This compares to an average P/E of 23x in the Auto Components industry in Turkey. Total returns to shareholders over the past three years are 312%.