Upcoming Dividend • Jun 03
Upcoming dividend of ₺0.025 per share Eligible shareholders must have bought the stock before 10 June 2026. Payment date: 12 June 2026. Payout ratio is a comfortable 32% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Turkish dividend payers (3.0%). Lower than average of industry peers (1.7%). Announcement • Apr 05
Yaprak Süt ve Besi Çiftlikleri Sanayi ve Ticaret A.S. announces Annual dividend, payable on June 12, 2026 Yaprak Süt ve Besi Çiftlikleri Sanayi ve Ticaret A.S. announced Annual dividend of TRY 0.0250 per share payable on June 12, 2026, ex-date on June 10, 2026 and record date on June 11, 2026. Announcement • Apr 04
Yaprak Süt ve Besi Çiftlikleri Sanayi ve Ticaret A.S., Annual General Meeting, May 08, 2026 Yaprak Süt ve Besi Çiftlikleri Sanayi ve Ticaret A.S., Annual General Meeting, May 08, 2026. Location: agaoglu my newwork, barbaros mahallesi ihlamur bulvari no:3/89, Turkey New Risk • Mar 19
New major risk - Share price stability The 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 Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.5% net profit margin). Reported Earnings • Mar 16
Full year 2025 earnings released Full year 2025 results: Revenue: ₺316.4m (up 15% from FY 2024). Net income: ₺23.6m (down 32% from FY 2024). Profit margin: 7.5% (down from 13% in FY 2024). 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 89% per year, which means it is well ahead of earnings. New Risk • Feb 26
New minor risk - Dividend sustainability The dividend is not well covered by cash flows. The company is paying a dividend despite having no free cash flows. Dividend yield: 2.7% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (₺208.9m market cap, or US$4.76m). Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (8.7% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.3% net profit margin). New Risk • Feb 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 7.9% 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 (7.9% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (7.3% net profit margin). Board Change • Dec 07
Less than half of directors are independent Following 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. 3 non-independent directors. Independent Board Member Halil Bilgen 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 • Sep 11
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₺4.08b (US$98.8m) 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: 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 (₺4.08b market cap, or US$98.8m). New Risk • Aug 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: 15% Last year net profit margin: 27% 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: Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (15% net profit margin). Upcoming Dividend • Jun 24
Upcoming dividend of ₺0.40 per share Eligible shareholders must have bought the stock before 01 July 2025. Payment date: 03 July 2025. Payout ratio is a comfortable 51% but the company is paying out more than the cash it is generating. Trailing yield: 0.9%. Lower than top quartile of Turkish dividend payers (3.8%). Lower than average of industry peers (1.8%). New Risk • May 29
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₺3.90b (US$99.8m) 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 Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 437% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Market cap is less than US$100m (₺3.90b market cap, or US$99.8m). New Risk • May 07
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. Payout ratio: 437% The company is paying a dividend despite having no free cash flows. Dividend yield: 0.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (12% average weekly change). Dividend is not well covered by earnings and cash flows. Payout ratio: 437% Paying a dividend despite having no free cash flows. Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (13% net profit margin). Reported Earnings • Mar 13
Full year 2024 earnings released: EPS: ₺2.44 (vs ₺9.60 in FY 2023) Full year 2024 results: EPS: ₺2.44 (down from ₺9.60 in FY 2023). Revenue: ₺275.5m (up 19% from FY 2023). Net income: ₺34.6m (down 75% from FY 2023). Profit margin: 13% (down from 59% in FY 2023). Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has increased by 190% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Nov 28
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 7.3% 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: Minor Risks Share price has been volatile over the past 3 months (7.3% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (3.8% net profit margin). Reported Earnings • Nov 13
Third quarter 2024 earnings released: ₺0.53 loss per share (vs ₺3.37 profit in 3Q 2023) Third quarter 2024 results: ₺0.53 loss per share (down from ₺3.37 profit in 3Q 2023). Revenue: ₺63.9m (up 38% from 3Q 2023). Net loss: ₺7.45m (down 116% from profit in 3Q 2023). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has increased by 142% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Nov 05
Less than half of directors are independent Following 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. 3 non-independent directors. Independent Director Soner Acar was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Oct 02
Second quarter 2024 earnings released Second quarter 2024 results: Revenue: ₺63.9m (up 39% from 2Q 2023). Net income: ₺47.8m (up 38% from 2Q 2023). Profit margin: 75% (in line with 2Q 2023). Upcoming Dividend • Jul 17
Upcoming dividend of ₺2.20 per share Eligible shareholders must have bought the stock before 24 July 2024. Payment date: 26 July 2024. Payout ratio is a comfortable 4.7% but the company is not cash flow positive. Trailing yield: 0.1%. Lower than top quartile of Turkish dividend payers (2.3%). Lower than average of industry peers (1.5%). Reported Earnings • Jun 23
First quarter 2024 earnings released: ₺1.52 loss per share (vs ₺2.34 profit in 1Q 2023) First quarter 2024 results: ₺1.52 loss per share (down from ₺2.34 profit in 1Q 2023). Revenue: ₺59.5m (up 40% from 1Q 2023). Net loss: ₺21.6m (down 165% from profit in 1Q 2023). Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has increased by 150% per year, which means it is tracking significantly ahead of earnings growth. New Risk • Jun 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Turkish stocks, typically moving 11% 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 (11% average weekly change). High level of non-cash earnings (57% accrual ratio). Reported Earnings • May 20
Full year 2023 earnings released: EPS: ₺9.60 (vs ₺4.80 in FY 2022) Full year 2023 results: EPS: ₺9.60 (up from ₺4.80 in FY 2022). Revenue: ₺231.1m (up 129% from FY 2022). Net income: ₺136.3m (up 100% from FY 2022). Profit margin: 59% (down from 67% 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 100% per year but the company’s share price has increased by 143% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • May 16
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₺513, the stock trades at a trailing P/E ratio of 46.9x. Average trailing P/E is 21x in the Food industry in Turkey. Total returns to shareholders of 1,274% over the past three years. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₺452, the stock trades at a trailing P/E ratio of 41.3x. Average trailing P/E is 17x in the Food industry in Turkey. Total returns to shareholders of 752% over the past three years. Valuation Update With 7 Day Price Move • Mar 06
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₺441, the stock trades at a trailing P/E ratio of 40.3x. Average trailing P/E is 18x in the Food industry in Turkey. Total returns to shareholders of 662% over the past three years. Valuation Update With 7 Day Price Move • Feb 17
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₺336, the stock trades at a trailing P/E ratio of 30.7x. Average trailing P/E is 19x in the Food industry in Turkey. Total returns to shareholders of 465% over the past three years. Valuation Update With 7 Day Price Move • Jan 31
Investor sentiment improves as stock rises 23% After last week's 23% share price gain to ₺266, the stock trades at a trailing P/E ratio of 24.3x. Average trailing P/E is 16x in the Food industry in Turkey. Total returns to shareholders of 349% over the past three years. Valuation Update With 7 Day Price Move • Dec 27
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₺202, the stock trades at a trailing P/E ratio of 18.5x. Average trailing P/E is 13x in the Food industry in Turkey. Total returns to shareholders of 527% over the past three years. New Risk • Dec 09
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Turkish stocks, typically moving 12% 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 (12% average weekly change). High level of non-cash earnings (110% accrual ratio). Valuation Update With 7 Day Price Move • Nov 29
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₺244, the stock trades at a trailing P/E ratio of 22.3x. Average trailing P/E is 18x in the Food industry in Turkey. Total returns to shareholders of 1,385% over the past three years. Reported Earnings • Nov 12
Third quarter 2023 earnings released: EPS: ₺3.37 (vs ₺0.35 in 3Q 2022) Third quarter 2023 results: EPS: ₺3.37 (up from ₺0.35 in 3Q 2022). Revenue: ₺46.5m (up 86% from 3Q 2022). Net income: ₺47.9m (up ₺43.0m from 3Q 2022). Over the last 3 years on average, earnings per share has increased by 108% per year but the company’s share price has increased by 133% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 10
Investor sentiment improves as stock rises 24% After last week's 24% share price gain to ₺209, the stock trades at a trailing P/E ratio of 26.4x. Average trailing P/E is 14x in the Food industry in Turkey. Total returns to shareholders of 1,069% over the past three years. Valuation Update With 7 Day Price Move • Oct 23
Investor sentiment improves as stock rises 26% After last week's 26% share price gain to ₺145, the stock trades at a trailing P/E ratio of 18.3x. Average trailing P/E is 15x in the Food industry in Turkey. Total returns to shareholders of 687% over the past three years. Reported Earnings • Aug 23
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: ₺46.0m (up 88% from 2Q 2022). Net income: ₺34.6m (up 167% from 2Q 2022). Profit margin: 75% (up from 53% in 2Q 2022). Valuation Update With 7 Day Price Move • Jul 20
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₺109, the stock trades at a trailing P/E ratio of 17.1x. Average trailing P/E is 13x in the Food industry in Turkey. Total returns to shareholders of 1,608% over the past three years. Valuation Update With 7 Day Price Move • Jul 01
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₺83.50, the stock trades at a trailing P/E ratio of 13.1x. Average trailing P/E is 11x in the Food industry in Turkey. Total returns to shareholders of 1,589% over the past three years. Valuation Update With 7 Day Price Move • Jun 15
Investor sentiment improves as stock rises 49% After last week's 49% share price gain to ₺66.55, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 11x in the Food industry in Turkey. Total returns to shareholders of 1,282% over the past three years. Valuation Update With 7 Day Price Move • Jun 01
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₺46.00, the stock trades at a trailing P/E ratio of 9.6x. Average trailing P/E is 10x in the Food industry in Turkey. Total returns to shareholders of 940% over the past three years. Valuation Update With 7 Day Price Move • May 15
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₺41.40, the stock trades at a trailing P/E ratio of 8.6x. Average trailing P/E is 9x in the Food industry in Turkey. Total returns to shareholders of 797% over the past three years. Upcoming Dividend • May 03
Upcoming dividend of ₺0.60 per share at 1.6% yield Eligible shareholders must have bought the stock before 10 May 2023. Payment date: 12 May 2023. Payout ratio is a comfortable 12% but the company is not cash flow positive. Trailing yield: 1.6%. Lower than top quartile of Turkish dividend payers (3.7%). Higher than average of industry peers (1.4%). Valuation Update With 7 Day Price Move • Mar 30
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₺41.70, the stock trades at a trailing P/E ratio of 8.7x. Average trailing P/E is 9x in the Food industry in Turkey. Total returns to shareholders of 1,106% over the past three years. Reported Earnings • Mar 16
Full year 2022 earnings released Full year 2022 results: Revenue: ₺101.1m (up 108% from FY 2021). Net income: ₺68.2m (up ₺57.0m from FY 2021). Profit margin: 67% (up from 23% in FY 2021). The increase in margin was primarily driven by higher revenue. Valuation Update With 7 Day Price Move • Mar 02
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₺42.36, the stock trades at a trailing P/E ratio of 16.1x. Average trailing P/E is 12x in the Food industry in Turkey. Total returns to shareholders of 1,096% over the past three years. 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 ₺31.26, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 13x in the Food industry in Turkey. Total returns to shareholders of 723% 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. 6 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Melek Süer was the last independent director to join the board, commencing their role in 2019. 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 10
Third quarter 2022 earnings released: EPS: ₺0.35 (vs ₺0.017 in 3Q 2021) Third quarter 2022 results: EPS: ₺0.35 (up from ₺0.017 in 3Q 2021). Revenue: ₺25.0m (up 106% from 3Q 2021). Net income: ₺4.94m (up ₺4.69m from 3Q 2021). Profit margin: 20% (up from 2.0% 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 94% per year but the company’s share price has increased by 171% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Oct 13
Investor sentiment improved over the past week After last week's 20% share price gain to ₺37.52, the stock trades at a trailing P/E ratio of 16.4x. Average trailing P/E is 15x in the Food industry in Turkey. Total returns to shareholders of 2,027% over the past three years. Reported Earnings • Aug 20
Second quarter 2022 earnings released: EPS: ₺0.91 (vs ₺0.017 in 2Q 2021) Second quarter 2022 results: EPS: ₺0.91 (up from ₺0.017 in 2Q 2021). Revenue: ₺24.5m (up 126% from 2Q 2021). Net income: ₺13.0m (up ₺12.7m from 2Q 2021). Profit margin: 53% (up from 2.3% in 2Q 2021). Over the last 3 years on average, earnings per share has increased by 92% per year but the company’s share price has increased by 190% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • May 12
First quarter 2022 earnings released: EPS: ₺0.76 (vs ₺0.15 in 1Q 2021) First quarter 2022 results: EPS: ₺0.76 (up from ₺0.15 in 1Q 2021). Revenue: ₺16.7m (up 49% from 1Q 2021). Net income: ₺10.8m (up 422% from 1Q 2021). Profit margin: 65% (up from 19% in 1Q 2021). Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has increased by 200% per year, which means it is tracking significantly ahead of earnings growth. 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. 6 experienced directors. No highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Melek Süer was the last independent director to join the board, commencing their role in 2019. 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 20
Upcoming dividend of ₺0.025 per share Eligible shareholders must have bought the stock before 27 April 2022. Payment date: 29 April 2022. Payout ratio is a comfortable 1.6% but the company is not cash flow positive. The company last paid an ordinary dividend in March 2013. The average dividend yield among industry peers is 2.5%. Reported Earnings • Mar 13
Full year 2021 earnings: Revenues and EPS in line with analyst expectations Full year 2021 results: EPS: ₺0.78 (up from ₺0.36 in FY 2020). Revenue: ₺48.7m (up 37% from FY 2020). Net income: ₺11.1m (up 116% from FY 2020). Profit margin: 23% (up from 14% in FY 2020). Revenue was in line with analyst estimates. 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 196% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Nov 10
Third quarter 2021 earnings released: EPS ₺0.017 (vs ₺0.062 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: ₺12.1m (up 46% from 3Q 2020). Net income: ₺244.2k (down 72% from 3Q 2020). Profit margin: 2.0% (down from 11% in 3Q 2020). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 201% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 21
Second quarter 2021 earnings released The company reported a soft second quarter result with weaker earnings and profit margins, although revenues improved. Second quarter 2021 results: Revenue: ₺10.8m (up 25% from 2Q 2020). Net income: ₺248.2k (down 84% from 2Q 2020). Profit margin: 2.3% (down from 18% in 2Q 2020). Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 226% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jun 06
First quarter 2021 earnings released: EPS ₺0.29 (vs ₺0.37 in 1Q 2020) The company reported a mediocre first quarter result with weaker earnings and profit margins, although revenues improved. First quarter 2021 results: Revenue: ₺11.2m (up 33% from 1Q 2020). Net income: ₺2.07m (down 22% from 1Q 2020). Profit margin: 19% (down from 31% in 1Q 2020). 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 235% per year, which means it is tracking significantly ahead of earnings growth. Upcoming Dividend • Apr 13
Inaugural dividend of ₺0.025 per share Eligible shareholders must have bought the stock before 20 April 2021. Payment date: 22 April 2021. The company last paid an ordinary dividend in April 2021. The average dividend yield among industry peers is 1.8%. Reported Earnings • Feb 24
Full year 2020 earnings released: EPS ₺0.72 (vs ₺0.26 in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₺35.5m (up 26% from FY 2019). Net income: ₺5.15m (up 184% from FY 2019). Profit margin: 14% (up from 6.4% in FY 2019). Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has increased by 256% per year, which means it is tracking significantly ahead of earnings growth. Is New 90 Day High Low • Jan 11
New 90-day high: ₺88.55 The company is up 17% from its price of ₺75.65 on 13 October 2020. The Turkish market is up 20% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Food industry, which is up 4.0% over the same period. Valuation Update With 7 Day Price Move • Dec 25
Investor sentiment improved over the past week After last week's 37% share price gain to ₺60.50, the stock is trading at a trailing P/E ratio of 75.9x, up from the previous P/E ratio of 55.4x. This compares to an average P/E of 23x in the Food industry in Turkey. Total returns to shareholders over the past three years are 2,379%. Valuation Update With 7 Day Price Move • Dec 15
Investor sentiment improved over the past week After last week's 21% share price gain to ₺49.60, the stock is trading at a trailing P/E ratio of 62.2x, up from the previous P/E ratio of 51.4x. This compares to an average P/E of 25x in the Food industry in Turkey. Total returns to shareholders over the past three years are 1,974%. Valuation Update With 7 Day Price Move • Dec 08
Market bids up stock over the past week After last week's 15% share price gain to ₺40.98, the stock is trading at a trailing P/E ratio of 51.4x, up from the previous P/E ratio of 44.5x. This compares to an average P/E of 26x in the Food industry in Turkey. Total returns to shareholders over the past three years are 1,572%. Reported Earnings • Nov 13
Third quarter 2020 earnings released: EPS ₺0.12 The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2020 results: Revenue: ₺8.30m (up 18% from 3Q 2019). Net income: ₺875.6k (up 114% from 3Q 2019). Profit margin: 11% (up from 5.8% in 3Q 2019). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 146% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 10
Market bids up stock over the past week After last week's 21% share price gain to ₺37.36, the stock is trading at a trailing P/E ratio of 51.1x, up from the previous P/E ratio of 42.1x. This compares to an average P/E of 27x in the Food industry in Turkey. Total returns to shareholders over the past three years are 1,312%. Valuation Update With 7 Day Price Move • Nov 04
Market pulls back on stock over the past week After last week's 24% share price decline to ₺29.00, the stock is trading at a trailing P/E ratio of 39.6x, down from the previous P/E ratio of 51.9x. This compares to an average P/E of 25x in the Food industry in Turkey. Total returns to shareholders over the past three years are 949%. Valuation Update With 7 Day Price Move • Oct 29
Market pulls back on stock over the past week After last week's 16% share price decline to ₺38.00, the stock is trading at a trailing P/E ratio of 51.9x, down from the previous P/E ratio of 62.1x. This compares to an average P/E of 23x in the Food industry in Turkey. Total returns to shareholders over the past three years are 1,275%. Valuation Update With 7 Day Price Move • Oct 16
Market pulls back on stock over the past week After last week's 41% share price decline to ₺55.20, the stock is trading at a trailing P/E ratio of 75.4x, down from the previous P/E ratio of 127.6x. This compares to an average P/E of 26x in the Food industry in Turkey. Total returns to shareholders over the past three years are 1,970%.