Buy Or Sell Opportunity • Jun 19
Now 20% undervalued Over the last 90 days, the stock has risen 24% to ₺158. The fair value is estimated to be ₺198, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Meanwhile, the company became loss making. Announcement • May 28
Alcatel Lucent Teletas Telekomünikasyon A.S., Annual General Meeting, Jun 17, 2026 Alcatel Lucent Teletas Telekomünikasyon A.S., Annual General Meeting, Jun 17, 2026. Location: barbaros mah. mor sumbul sk., nidakule blok no: 7/3f ic kapi no: 1, atasehir, istanbul Turkey Reported Earnings • Mar 08
Full year 2025 earnings released: ₺0.017 loss per share (vs ₺6.63 profit in FY 2024) Full year 2025 results: ₺0.017 loss per share (down from ₺6.63 profit in FY 2024). Revenue: ₺5.39b (up 19% from FY 2024). Net loss: ₺66.9m (down 126% from profit in FY 2024). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has increased by 14% per year, which means it is well ahead of earnings. Reported Earnings • Oct 26
Third quarter 2025 earnings released Third quarter 2025 results: Revenue: ₺1.40b (up 11% from 3Q 2024). Net income: ₺17.3m (down 88% from 3Q 2024). Profit margin: 1.2% (down from 11% in 3Q 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 31% per year but the company’s share price has increased by 29% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Aug 18
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₺107, the stock trades at a trailing P/E ratio of 15.7x. Average trailing P/E is 36x in the Communications industry in Asia. Total returns to shareholders of 242% over the past three years. New Risk • Aug 15
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₺4.08b (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. This is currently the only risk that has been identified for the company. New Risk • Jun 18
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₺3.79b (US$96.0m) 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. This is currently the only risk that has been identified for the company. Announcement • May 28
Alcatel Lucent Teletas Telekomünikasyon A.S., Annual General Meeting, Jun 25, 2025 Alcatel Lucent Teletas Telekomünikasyon A.S., Annual General Meeting, Jun 25, 2025. Location: barbaros mah. mor sumbul sk. nidakule blok, no: 7/3f ickapi no: 1 atasehir, istanbul Turkey Valuation Update With 7 Day Price Move • Mar 24
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to ₺96.05, the stock trades at a trailing P/E ratio of 14.5x. Average trailing P/E is 38x in the Communications industry in Asia. Total returns to shareholders of 276% over the past three years. New Risk • Mar 21
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₺3.61b (US$95.3m) 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 High level of non-cash earnings (40% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Market cap is less than US$100m (₺3.61b market cap, or US$95.3m). Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₺117, the stock trades at a trailing P/E ratio of 17.6x. Average trailing P/E is 38x in the Communications industry in Asia. Total returns to shareholders of 383% over the past three years. Reported Earnings • Mar 05
Full year 2024 earnings released: EPS: ₺0.066 (vs ₺3.71 loss in FY 2023) Full year 2024 results: EPS: ₺0.066 (up from ₺3.71 loss in FY 2023). Revenue: ₺4.54b (up 78% from FY 2023). Net income: ₺256.4m (up ₺399.8m from FY 2023). Profit margin: 5.6% (up from net loss in FY 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 69% per year, which means it is well ahead of earnings. New Risk • Feb 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 6.5% 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 Risk High level of non-cash earnings (33% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (6.5% average weekly change). Profit margins are more than 30% lower than last year (1.0% net profit margin). Reported Earnings • Oct 29
Third quarter 2024 earnings released Third quarter 2024 results: Revenue: ₺1.27b (up 103% from 3Q 2023). Net income: ₺142.7m (up 70% from 3Q 2023). Profit margin: 11% (down from 14% in 3Q 2023). The decrease in margin was driven by higher expenses. New Risk • Sep 11
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. This is currently the only risk that has been identified for the company. Reported Earnings • Aug 11
Second quarter 2024 earnings released: EPS: ₺2.35 (vs ₺1.74 loss in 2Q 2023) Second quarter 2024 results: EPS: ₺2.35 (up from ₺1.74 loss in 2Q 2023). Revenue: ₺963.9m (up 56% from 2Q 2023). Net income: ₺91.1m (up ₺158.5m from 2Q 2023). Profit margin: 9.4% (up from net loss in 2Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 29% per year but the company’s share price has increased by 62% per year, which means it is well ahead of earnings. Reported Earnings • May 12
First quarter 2024 earnings released: EPS: ₺1.58 (vs ₺2.49 in 1Q 2023) First quarter 2024 results: EPS: ₺1.58 (down from ₺2.49 in 1Q 2023). Revenue: ₺908.9m (up 56% from 1Q 2023). Net income: ₺61.2m (down 37% from 1Q 2023). Profit margin: 6.7% (down from 17% in 1Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 66% per year, which means it is well ahead of earnings. Buy Or Sell Opportunity • Apr 26
Now 20% undervalued Over the last 90 days, the stock has risen 12% to ₺116. The fair value is estimated to be ₺145, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Apr 22
Now 21% undervalued Over the last 90 days, the stock has risen 11% to ₺115. The fair value is estimated to be ₺145, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Mar 25
Now 20% undervalued Over the last 90 days, the stock has risen 62% to ₺115. The fair value is estimated to be ₺144, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Meanwhile, the company became loss making. Buy Or Sell Opportunity • Mar 06
Now 20% undervalued Over the last 90 days, the stock has risen 34% to ₺115. The fair value is estimated to be ₺144, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Meanwhile, the company became loss making. New Risk • Mar 04
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 9.7% 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. Reported Earnings • Mar 03
Full year 2023 earnings released Full year 2023 results: Revenue: ₺2.56b (up 12% from FY 2022). Net loss: ₺143.4m (down 161% from profit in FY 2022). Over the last 3 years on average, earnings per share has increased by 77% per year but the company’s share price has only increased by 51% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Feb 20
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₺131, the stock trades at a trailing P/E ratio of 35.1x. Average trailing P/E is 33x in the Communications industry in Asia. Total returns to shareholders of 273% over the past three years. Valuation Update With 7 Day Price Move • Jan 22
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₺107, the stock trades at a trailing P/E ratio of 28.6x. Average trailing P/E is 33x in the Communications industry in Asia. Total returns to shareholders of 226% over the past three years. Valuation Update With 7 Day Price Move • Dec 25
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₺72.00, the stock trades at a trailing P/E ratio of 19.3x. Average trailing P/E is 32x in the Communications industry in Asia. Total returns to shareholders of 146% over the past three years. Reported Earnings • Oct 28
Third quarter 2023 earnings released: EPS: ₺2.17 (vs ₺3.44 in 3Q 2022) Third quarter 2023 results: EPS: ₺2.17 (down from ₺3.44 in 3Q 2022). Revenue: ₺623.0m (up 4.5% from 3Q 2022). Net income: ₺83.9m (down 37% from 3Q 2022). Profit margin: 14% (down from 22% in 3Q 2022). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 79% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Oct 20
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to ₺95.05, the stock trades at a trailing P/E ratio of 19x. Average trailing P/E is 32x in the Communications industry in Asia. Total returns to shareholders of 174% over the past three years. Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₺120, the stock trades at a trailing P/E ratio of 23.9x. Average trailing P/E is 32x in the Communications industry in Asia. Total returns to shareholders of 294% over the past three years. Reported Earnings • Aug 10
Second quarter 2023 earnings released Second quarter 2023 results: Revenue: ₺618.4m (up 56% from 2Q 2022). Net loss: ₺67.4m (down 275% from profit in 2Q 2022). Over the last 3 years on average, earnings per share has increased by 94% per year but the company’s share price has only increased by 70% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Aug 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₺114, the stock trades at a trailing P/E ratio of 14.7x. Average trailing P/E is 32x in the Communications industry in Asia. Total returns to shareholders of 501% over the past three years. Valuation Update With 7 Day Price Move • Jun 14
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₺87.25, the stock trades at a trailing P/E ratio of 11.3x. Average trailing P/E is 32x in the Communications industry in Asia. Total returns to shareholders of 360% over the past three years. Reported Earnings • May 04
First quarter 2023 earnings released First quarter 2023 results: Revenue: ₺584.6m (up 51% from 1Q 2022). Net income: ₺96.4m (up 194% from 1Q 2022). Profit margin: 17% (up from 8.4% in 1Q 2022). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Mar 20
Investor sentiment deteriorates as stock falls 20% After last week's 20% share price decline to ₺67.00, the stock trades at a trailing P/E ratio of 11x. Average trailing P/E is 29x in the Communications industry in Asia. Total returns to shareholders of 445% over the past three years. Reported Earnings • Mar 15
Full year 2022 earnings released Full year 2022 results: Revenue: ₺2.28b (up 74% from FY 2021). Net income: ₺235.9m (up 356% from FY 2021). Profit margin: 10% (up from 4.0% in FY 2021). The increase in margin was driven by higher revenue. Valuation Update With 7 Day Price Move • Feb 08
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to ₺60.00, the stock trades at a trailing P/E ratio of 12.8x. Average trailing P/E is 24x in the Communications industry in Asia. Total returns to shareholders of 236% over the past three years. Buying Opportunity • Feb 08
Now 24% undervalued after recent price drop Over the last 90 days, the stock is down 19%. The fair value is estimated to be ₺86.72, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 75%. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₺86.30, the stock trades at a trailing P/E ratio of 18.4x. Average trailing P/E is 24x in the Communications industry in Asia. Total returns to shareholders of 653% over the past three years. Buying Opportunity • Jan 06
Now 22% undervalued Over the last 90 days, the stock is up 108%. The fair value is estimated to be ₺110, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Earnings per share has grown by 79%. Valuation Update With 7 Day Price Move • Dec 13
Investor sentiment improved over the past week After last week's 18% share price gain to ₺101, the stock trades at a trailing P/E ratio of 21.5x. Average trailing P/E is 24x in the Communications industry in Asia. Total returns to shareholders of 751% 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. 7 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Director Issa Eid was the last 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: ₺3.44 (vs ₺0.22 in 3Q 2021) Third quarter 2022 results: EPS: ₺3.44 (up from ₺0.22 in 3Q 2021). Revenue: ₺596.4m (up 97% from 3Q 2021). Net income: ₺133.1m (up ₺124.7m from 3Q 2021). Profit margin: 22% (up from 2.8% 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 79% per year but the company’s share price has increased by 95% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Nov 04
Investor sentiment improved over the past week After last week's 24% share price gain to ₺62.70, the stock trades at a trailing P/E ratio of 43x. Average trailing P/E is 24x in the Communications industry in Asia. Total returns to shareholders of 663% over the past three years. 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 ₺48.60, the stock trades at a trailing P/E ratio of 33.4x. Average trailing P/E is 25x in the Communications industry in Asia. Total returns to shareholders of 509% over the past three years. Valuation Update With 7 Day Price Move • Sep 28
Investor sentiment improved over the past week After last week's 19% share price gain to ₺39.90, the stock trades at a trailing P/E ratio of 27.4x. Average trailing P/E is 26x in the Communications industry in Asia. Total returns to shareholders of 401% over the past three years. Reported Earnings • Aug 20
Second quarter 2022 earnings released Second quarter 2022 results: Revenue: ₺396.5m (up 44% from 2Q 2021). Net income: ₺38.5m (down 48% from 2Q 2021). Profit margin: 9.7% (down from 27% in 2Q 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 80% per year but the company’s share price has only increased by 72% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jul 27
Investor sentiment improved over the past week After last week's 15% share price gain to ₺32.38, the stock trades at a trailing P/E ratio of 13.6x. Average trailing P/E is 27x in the Communications industry in Asia. Total returns to shareholders of 357% 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. 7 experienced directors. No highly experienced directors. 2 independent directors (5 non-independent directors). Director Issa Eid was the last 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 • Mar 13
Full year 2021 earnings: Revenues in line with analyst expectations Full year 2021 results: Revenue: ₺1.31b (up 15% from FY 2020). Net income: ₺51.8m (up 153% from FY 2020). Profit margin: 4.0% (up from 1.8% in FY 2020). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 30% per year but the company’s share price has increased by 52% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Dec 20
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₺24.50, the stock trades at a trailing P/E ratio of 17x. Average trailing P/E is 30x in the Communications industry in Asia. Total returns to shareholders of 315% over the past three years. Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS ₺0.22 (vs ₺0.49 loss in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: ₺302.9m (down 19% from 3Q 2020). Net income: ₺8.39m (up ₺27.3m from 3Q 2020). Profit margin: 2.8% (up from net loss in 3Q 2020). The move to profitability was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has increased by 63% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 18
Second quarter 2021 earnings released The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₺276.1m (up 11% from 2Q 2020). Net income: ₺74.6m (up 61% from 2Q 2020). Profit margin: 27% (up from 19% in 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 23% per year but the company’s share price has increased by 65% per year, which means it is well ahead of earnings. Reported Earnings • May 15
First quarter 2021 earnings released The company reported a mediocre first quarter result with weaker earnings and weaker control over costs, although revenues improved. First quarter 2021 results: Revenue: ₺373.0m (up 79% from 1Q 2020). Net loss: ₺7.87m (down 163% from profit in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 75% per year, which means it is well ahead of earnings. Valuation Update With 7 Day Price Move • Apr 30
Investor sentiment improved over the past week After last week's 16% share price gain to ₺30.56, the stock trades at a trailing P/E ratio of 57.8x. Average trailing P/E is 34x in the Communications industry in Asia. Total returns to shareholders of 393% over the past three years. Valuation Update With 7 Day Price Move • Mar 17
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ₺33.46, the stock trades at a trailing P/E ratio of 63.3x. Average trailing P/E is 32x in the Communications industry in Asia. Total returns to shareholders of 335% over the past three years. Reported Earnings • Mar 12
Full year 2020 earnings released: EPS ₺0.53 (vs ₺0.75 loss in FY 2019) The company reported a strong full year result with improved earnings, revenues and profit margins. Full year 2020 results: Revenue: ₺1.14b (up 57% from FY 2019). Net income: ₺20.5m (up ₺49.4m from FY 2019). Profit margin: 1.8% (up from net loss in FY 2019). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 8% per year but the company’s share price has increased by 69% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 15
New 90-day high: ₺33.06 The company is up 18% from its price of ₺27.90 on 17 November 2020. The Turkish market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is down 8.0% over the same period. Is New 90 Day High Low • Oct 23
New 90-day high: ₺34.72 The company is up 71% from its price of ₺20.36 on 24 July 2020. The Turkish market is up 6.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Communications industry, which is up 1.0% over the same period. Is New 90 Day High Low • Oct 06
New 90-day high: ₺28.50 The company is up 39% from its price of ₺20.44 on 08 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 Communications industry, which is down 7.0% over the same period.