Reported Earnings • Mar 15
Full year 2025 earnings released Full year 2025 results: Revenue: ₺16.2b (up 13% from FY 2024). Net loss: ₺268.2m (loss narrowed 63% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 22% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Announcement • Mar 10
Türk Prysmian Kablo ve Sistemleri Anonim Sirketi, Annual General Meeting, Mar 31, 2026 Türk Prysmian Kablo ve Sistemleri Anonim Sirketi, Annual General Meeting, Mar 31, 2026. Location: omerbey mah. bursa asfalti cad. no:51 mudanya, bursa Turkey New Risk • Jan 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Turkish stocks, typically moving 8.0% 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 Risks Less than 1 year of cash runway based on free cash flow trend (-₺1.2b free cash flow). Earnings have declined by 56% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (8.0% average weekly change). Reported Earnings • Nov 12
Third quarter 2025 earnings released: ₺0.43 loss per share (vs ₺0.81 loss in 3Q 2024) Third quarter 2025 results: ₺0.43 loss per share (improved from ₺0.81 loss in 3Q 2024). Revenue: ₺3.98b (up 13% from 3Q 2024). Net loss: ₺94.0m (loss narrowed 46% from 3Q 2024). 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 5% per year, which means it is well ahead of earnings. New Risk • May 21
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -₺969m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-₺969m free cash flow). Earnings have declined by 65% per year over the past 5 years. Reported Earnings • Mar 06
Full year 2024 earnings released: ₺3.37 loss per share (vs ₺0.40 loss in FY 2023) Full year 2024 results: ₺3.37 loss per share (further deteriorated from ₺0.40 loss in FY 2023). Revenue: ₺14.3b (up 15% from FY 2023). Net loss: ₺727.4m (loss widened ₺640.5m from FY 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 67 percentage points per year, which is a significant difference in performance. Announcement • Mar 05
Türk Prysmian Kablo ve Sistemleri Anonim Sirketi, Annual General Meeting, Mar 27, 2025 Türk Prysmian Kablo ve Sistemleri Anonim Sirketi, Annual General Meeting, Mar 27, 2025. Location: omerbey mah. bursa asfalti cad. no:51 mudanya, bursa Turkey Reported Earnings • Nov 10
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: ₺3.53b (up 19% from 3Q 2023). Net loss: ₺173.9m (down 227% from profit in 3Q 2023). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 69 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 01
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: ₺3.06b (up 35% from 2Q 2023). Net loss: ₺274.9m (loss widened 230% from 2Q 2023). New Risk • Jun 09
New major risk - Revenue and earnings growth Earnings have declined by 11% 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 11% per year over the past 5 years. Minor Risk Share price has been volatile over the past 3 months (9.5% average weekly change). Reported Earnings • Jun 09
First quarter 2024 earnings released: ₺0.40 loss per share (vs ₺0.18 profit in 1Q 2023) First quarter 2024 results: ₺0.40 loss per share (down from ₺0.18 profit in 1Q 2023). Revenue: ₺3.18b (up 51% from 1Q 2023). Net loss: ₺86.1m (down 323% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 48% per year, which means it is well ahead of earnings. New Risk • May 31
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Turkish stocks, typically moving 9.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Announcement • Mar 29
Türk Prysmian Kablo ve Sistemleri Anonim Sirketi, Annual General Meeting, Mar 28, 2024 Türk Prysmian Kablo ve Sistemleri Anonim Sirketi, Annual General Meeting, Mar 28, 2024, at 07:00 Coordinated Universal Time. Location: ÖMERBEY MAH. BURSA ASFALTI CAD. NO : 51 MUDANYA Turkey Agenda: To consider Review of the Reports issued by the Board of Directors and Independent Auditing Company PWC Bagimsiz Denetim ve Serbest Muhasebeci Mali Müsavirlik A.S. and Financial Tables of the Company for the Fiscal Period between 01.01.2023 – 31.12.2023; to consider the financial tables, reports and accounts of the Fiscal Period between 01.01.2023 – 31.12.2023 which are prepared by the Board of Directors and Independent Auditing Company pursuant to the CMB, TCC, TPL and all other related legislation; to consider Release of each member of the Board of Directors; to consider the proposal made by the Board of Directors in connection with the distribution of the profit made in the Fiscal Period between 01.01.2023 - 31.12.2023; to consider the mandate of the Board Members, Election of the New Board Members and determination of their term of office and compensation. Reported Earnings • Feb 26
Full year 2023 earnings released: ₺0.40 loss per share (vs ₺0.88 profit in FY 2022) Full year 2023 results: ₺0.40 loss per share (down from ₺0.88 profit in FY 2022). Revenue: ₺12.5b (up 74% from FY 2022). Net loss: ₺86.9m (down 146% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 18% 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 • Feb 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₺42.78, the stock trades at a trailing P/E ratio of 68x. Average trailing P/E is 37x in the Electrical industry in Turkey. Total returns to shareholders of 197% over the past three years. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₺36.96, the stock trades at a trailing P/E ratio of 58.7x. Average trailing P/E is 35x in the Electrical industry in Turkey. Total returns to shareholders of 169% over the past three years. Valuation Update With 7 Day Price Move • Nov 28
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₺41.24, the stock trades at a trailing P/E ratio of 65.5x. Average trailing P/E is 33x in the Electrical industry in Turkey. Total returns to shareholders of 212% over the past three years. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₺32.82, the stock trades at a trailing P/E ratio of 52.1x. Average trailing P/E is 42x in the Electrical industry in Turkey. Total returns to shareholders of 164% over the past three years. Reported Earnings • Oct 26
Third quarter 2023 earnings released Third quarter 2023 results: Revenue: ₺2.96b (up 47% from 3Q 2022). Net income: ₺137.2m (up 118% from 3Q 2022). Profit margin: 4.6% (up from 3.1% in 3Q 2022). The increase in margin was driven by higher revenue. New Risk • Jul 28
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: 0.8% Last year net profit margin: 2.0% 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. Reported Earnings • Jul 28
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: ₺2.26b (up 20% from 2Q 2022). Net loss: ₺83.2m (down 207% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has increased by 77% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jul 07
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₺31.18, the stock trades at a trailing P/E ratio of 30.2x. Average trailing P/E is 30x in the Electrical industry in Turkey. Total returns to shareholders of 456% over the past three years. Board Change • Jun 18
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 1 highly experienced director. 3 independent directors (5 non-independent directors). Independent Board Member Mine Ayhan was the last independent 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: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • May 18
Upcoming dividend of ₺0.076 per share at 0.3% yield Eligible shareholders must have bought the stock before 25 May 2023. Payment date: 29 May 2023. Payout ratio is a comfortable 7.4% and this is well supported by cash flows. Trailing yield: 0.3%. Lower than top quartile of Turkish dividend payers (3.7%). Lower than average of industry peers (1.2%). Reported Earnings • May 01
First quarter 2023 earnings released: EPS: ₺0.18 (vs ₺0.028 in 1Q 2022) First quarter 2023 results: EPS: ₺0.18 (up from ₺0.028 in 1Q 2022). Revenue: ₺2.11b (up 42% from 1Q 2022). Net income: ₺38.7m (up ₺32.7m from 1Q 2022). Profit margin: 1.8% (up from 0.4% in 1Q 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 63% per year but the company’s share price has increased by 91% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₺28.66, the stock trades at a trailing P/E ratio of 32.5x. Average trailing P/E is 33x in the Electrical industry in Turkey. Total returns to shareholders of 1,329% over the past three years. Reported Earnings • Feb 22
Full year 2022 earnings released Full year 2022 results: Revenue: ₺7.19b (up 123% from FY 2021). Net income: ₺190.0m (up 367% from FY 2021). Profit margin: 2.6% (up from 1.3% in FY 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Feb 16
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₺29.56, the stock trades at a trailing P/E ratio of 38.2x. Average trailing P/E is 37x in the Electrical industry in Turkey. Total returns to shareholders of 614% over the past three years. Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₺29.00, the stock trades at a trailing P/E ratio of 37.5x. Average trailing P/E is 43x in the Electrical industry in Turkey. Total returns to shareholders of 549% 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 17% share price gain to ₺37.42, the stock trades at a trailing P/E ratio of 48.4x. Average trailing P/E is 46x in the Electrical industry in Turkey. Total returns to shareholders of 1,687% over the past three years. Board Change • Nov 16
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. 5 non-independent directors. Independent Board Member Mine Ayhan was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 27
Third quarter 2022 earnings released: EPS: ₺0.29 (vs ₺0.014 in 3Q 2021) Third quarter 2022 results: EPS: ₺0.29 (up from ₺0.014 in 3Q 2021). Revenue: ₺2.02b (up 177% from 3Q 2021). Net income: ₺63.0m (up ₺59.9m from 3Q 2021). Profit margin: 3.1% (up from 0.4% 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 24% per year but the company’s share price has increased by 149% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 14
Investor sentiment improved over the past week After last week's 17% share price gain to ₺28.10, the stock trades at a trailing P/E ratio of 56.8x. Average trailing P/E is 46x in the Electrical industry in Turkey. Total returns to shareholders of 1,731% over the past three years. Reported Earnings • Jul 30
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: ₺1.88b (up 152% from 2Q 2021). Net income: ₺77.8m (up ₺70.0m from 2Q 2021). Profit margin: 4.1% (up from 1.0% in 2Q 2021). The increase in margin was driven by higher revenue. Upcoming Dividend • May 18
Upcoming dividend of ₺0.053 per share Eligible shareholders must have bought the stock before 25 May 2022. Payment date: 27 May 2022. Payout ratio is a comfortable 31% and this is well supported by cash flows. Trailing yield: 0.2%. Lower than top quartile of Turkish dividend payers (4.0%). Lower than average of industry peers (1.4%). Reported Earnings • Apr 27
Full year 2021 earnings released: EPS: ₺0.19 (vs ₺0.20 in FY 2020) Full year 2021 results: EPS: ₺0.19 (down from ₺0.20 in FY 2020). Revenue: ₺3.22b (up 79% from FY 2020). Net income: ₺40.7m (down 4.0% from FY 2020). Profit margin: 1.3% (down from 2.4% in FY 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 24% per year but the company’s share price has increased by 150% per year, which means it is well ahead of earnings. Board Change • Apr 27
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. 5 non-independent directors. Independent Board Member Mine Ayhan was the last independent director to join the board, commencing their role in 2020. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 25
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: ₺3.22b (up 79% from FY 2020). Net income: ₺40.7m (down 4.0% from FY 2020). Profit margin: 1.3% (down from 2.4% in FY 2020). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has fallen by 26% per year but the company’s share price has increased by 154% per year, which means it is well ahead of earnings. Reported Earnings • Oct 28
Third quarter 2021 earnings released: EPS ₺0.014 (vs ₺0.059 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: ₺729.2m (up 65% from 3Q 2020). Net income: ₺3.07m (down 76% from 3Q 2020). Profit margin: 0.4% (down from 2.9% 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 12% per year but the company’s share price has increased by 143% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 19% share price gain to ₺14.80, the stock trades at a trailing P/E ratio of 79.7x. Average trailing P/E is 28x in the Electrical industry in Turkey. Total returns to shareholders of 930% over the past three years. Reported Earnings • Jul 31
Second quarter 2021 earnings released The company reported a mediocre second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ₺746.5m (up 85% from 2Q 2020). Net income: ₺7.76m (down 22% from 2Q 2020). Profit margin: 1.0% (down from 2.5% in 2Q 2020). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 85% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • May 17
Upcoming dividend of ₺0.037 per share Eligible shareholders must have bought the stock before 24 May 2021. Payment date: 26 May 2021. Trailing yield: 0.3%. Lower than top quartile of Turkish dividend payers (4.0%). Lower than average of industry peers (1.1%). Valuation Update With 7 Day Price Move • May 11
Investor sentiment improved over the past week After last week's 16% share price gain to ₺10.60, the stock trades at a trailing P/E ratio of 54.2x. Average trailing P/E is 24x in the Electrical industry in Asia. Total returns to shareholders of 672% over the past three years. Valuation Update With 7 Day Price Move • Apr 21
Investor sentiment deteriorated over the past week After last week's 19% share price decline to ₺8.62, the stock trades at a trailing P/E ratio of 44x. Average trailing P/E is 25x in the Electrical industry in Asia. Total returns to shareholders of 443% over the past three years. Reported Earnings • Feb 27
Full year 2020 earnings released: EPS ₺0.20 (vs ₺0.25 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were weaker. Full year 2020 results: Revenue: ₺1.80b (up 23% from FY 2019). Net income: ₺42.4m (up 18% from FY 2019). Profit margin: 2.4% (down from 2.5% in FY 2019). 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 73% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 26
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₺12.23, the stock is trading at a trailing P/E ratio of 50.2x, down from the previous P/E ratio of 59.6x. This compares to an average P/E of 23x in the Electrical industry in Asia. Total returns to shareholders over the past three years are 586%. Is New 90 Day High Low • Feb 17
New 90-day high: ₺14.82 The company is up 18% from its price of ₺12.61 on 19 November 2020. The Turkish market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 17% over the same period. Valuation Update With 7 Day Price Move • Nov 06
Market bids up stock over the past week After last week's 17% share price gain to ₺13.99, the stock is trading at a trailing P/E ratio of 57.4x, up from the previous P/E ratio of 48.9x. This compares to an average P/E of 21x in the Electrical industry in Asia. Total returns to shareholders over the past three years are 591%. Reported Earnings • Oct 28
Third quarter earnings released Over the last 12 months the company has reported total profits of ₺48.8m, down 5.7% from the prior year. Total revenue was ₺1.65b over the last 12 months, up 18% from the prior year. Valuation Update With 7 Day Price Move • Oct 26
Market pulls back on stock over the past week After last week's 17% share price decline to ₺11.58, the stock is trading at a trailing P/E ratio of 50.1x, down from the previous P/E ratio of 60.3x. This compares to an average P/E of 23x in the Electrical industry in Asia. Total returns to shareholders over the past three years are 476%. Is New 90 Day High Low • Oct 12
New 90-day high: ₺15.91 The company is up 181% from its price of ₺5.67 on 14 July 2020. The Turkish market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 54% over the same period. Is New 90 Day High Low • Sep 23
New 90-day high: ₺9.26 The company is up 116% from its price of ₺4.28 on 25 June 2020. The Turkish market is up 9.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electrical industry, which is up 53% over the same period. 
