Vestel Beyaz Esya Sanayi ve Ticaret Management

Management criteria checks 1/4

We currently do not have sufficient information about the CEO.

Key information

Ergun Guler

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	1.3yrs
CEO ownership	n/a
Management average tenure	less than a year
Board average tenure	6yrs

Recent management updates

Recent updates

CEO

Ergun Guler (49 yo)

1.3yrs

Tenure

Mr. Ergün Güler is Chief Executive Officer of Vestel Beyaz Esya Sanayi ve Ticaret A.S. and Vestel Elektronik Sanayi ve Ticaret Anonim Sirketi from 2023. He holds an undergraduate degree in Business Adminis...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Ergun Guler	Chief Executive Officer	1.3yrs	no data	no data
Bulent Kiracioglu	General Manager of Finance	less than a year	no data	no data
Serap Mutlu	Investor Relations Director	no data	no data	no data
Bekir Koksal	Member of Executive Committee & Director	no data	no data	no data
Alp Dayi	Member of Executive Committee	less than a year	no data	no data
Necmi Kavusturan	Member of Executive Committee	no data	no data	no data
Erdal Haspolat	General Manager	9.1yrs	no data	no data

0.8yrs

Average Tenure

56yo

Average Age

Experienced Management: VESBE's management team is not considered experienced ( 0.8 years average tenure), which suggests a new team.

Board Members

Name	Position	Tenure	Compensation	Ownership
Bekir Koksal	Member of Executive Committee & Director	1.3yrs	no data	no data
Ahmet Zorlu	Chairman of the Board	26.5yrs	no data	no data
Olgun Zorlu	Non-Executive Director	26.5yrs	no data	no data
Ömer Yüngül	Director	less than a year	no data	no data
Elmas Araz	Independent Vice Chairman	6yrs	no data	no data
Bekir Agirdir	Non Executive Independent Director	6yrs	no data	no data
Aysegul Ildeniz	Independent Director	6yrs	no data	no data

6.0yrs

Average Tenure

67yo

Average Age

Experienced Board: VESBE's board of directors are considered experienced (6 years average tenure).

Vestel Beyaz Esya Sanayi ve Ticaret Management

Management criteria checks 1/4

Key information

Recent management updates

Less than half of directors are independent

Less than half of directors are independent

Recent updates

Full year 2023 earnings released

Consensus EPS estimates increase by 28%

Investor sentiment improves as stock rises 15%

Now 21% undervalued

Consensus EPS estimates increase by 19%

Third quarter 2023 earnings released: EPS: ₺1.56 (vs ₺0.11 in 3Q 2022)

Consensus EPS estimates fall by 11%

Price target increased by 27% to ₺20.65

Second quarter 2023 earnings released: EPS: ₺0.37 (vs ₺0.43 in 2Q 2022)

Consensus EPS estimates fall by 21%, revenue upgraded

Upcoming dividend of ₺0.22 per share at 1.5% yield

Consensus revenue estimates increase by 12%

New major risk - Financial position

First quarter 2023 earnings released: EPS: ₺0.26 (vs ₺0.36 in 1Q 2022)

Full year 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Investor sentiment deteriorates as stock falls 18%

Price target increased by 16% to ₺15.29

Now 23% undervalued

Investor sentiment improved over the past week

Investor sentiment improved over the past week

Less than half of directors are independent

Consensus forecasts updated

Third quarter 2022 earnings released: EPS: ₺0.11 (vs ₺0.17 in 3Q 2021)

Second quarter 2022 earnings released: EPS: ₺0.43 (vs ₺0.32 in 2Q 2021)

Upcoming dividend of ₺0.44 per share

Now 23% undervalued

Price target increased to ₺11.74

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Less than half of directors are independent

Consensus forecasts updated

Full year 2021 earnings: Revenues exceed analysts expectations while EPS lags behind

Consensus forecasts updated

Price target increased to ₺9.41

Third quarter 2021 earnings released: EPS ₺1.46 (vs ₺1.89 in 3Q 2020)

Consensus EPS estimates increase to ₺7.34

Second quarter 2021 earnings released: EPS ₺1.36 (vs ₺1.13 in 2Q 2020)

Upcoming dividend of ₺1.40 per share

Upcoming dividend of ₺1.40 per share

Inaugural dividend of ₺1.40 per share

First quarter 2021 earnings released: EPS ₺1.64 (vs ₺0.71 in 1Q 2020)

Investor sentiment improved over the past week

Analysts increase revenue estimates to ₺12.7b

New 90-day high: ₺55.90

Full year 2020 earnings released: EPS ₺7.01 (vs ₺2.99 in FY 2019)

Revenue and earnings beat expectations

New 90-day high: ₺48.22

New 90-day high: ₺41.04

Investor sentiment improved over the past week

New 90-day high: ₺40.58

New 90-day high: ₺35.58

New 90-day high: ₺35.34

Third quarter earnings released

New 90-day high: ₺30.32

Vestel Elektronik Sanayi Ve Ticaret AS (IBSE: VESTL) acquired a further 25% stake in Vestel Beyaz Esya Sanayi ve Ticaret from Mr. Ahmet Nazif Zorlu and Mr. Olgun Zorlu for approximately TRL 52,834,230 million ($37.46 million).

Price target raised to ₺23.83

CEO

Tenure

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age