TAVH.F Stock Overview

TAVH.F fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	3/6
Past Performance	2/6
Financial Health	2/6
Dividends	0/6

Rewards

Earnings are forecast to grow 30.65% per year

Analysts in good agreement that stock price will rise by 84.9%

Risk Analysis

Debt is not well covered by operating cash flow

Shares are highly illiquid

Profit margins (7%) are lower than last year (21.5%)

Community vs My Fair Value

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TAV Havalimanlari Holding A.S. Competitors

Corporación América Airports

NYSE:CAAP

US$3.2b

ICTS International

OTCPK:ICTS.F

US$132.5m

Copa Holdings

NYSE:CPA

US$4.0b

Capital Clean Energy Carriers

NasdaqGS:CCEC

US$1.2b

Price History & Performance

Summary of share price highs, lows and changes for TAV Havalimanlari Holding
Historical stock prices
Current Share Price	₺5.80
52 Week High	₺8.00
52 Week Low	₺5.80
Beta	0.17
1 Month Change	-10.77%
3 Month Change	-24.77%
1 Year Change	-16.55%
3 Year Change	n/a
5 Year Change	n/a
Change since IPO	44.14%

Recent updates

Shareholder Returns

	TAVH.F	US Infrastructure	US Market
7D	-3.7%	3.0%	1.2%
1Y	-16.5%	8.2%	7.7%

Return vs Industry: TAVH.F underperformed the US Infrastructure industry which returned 8% over the past year.

Return vs Market: TAVH.F underperformed the US Market which returned 7.2% over the past year.

Price Volatility

Is TAVH.F's price volatile compared to industry and market?
TAVH.F volatility
TAVH.F Average Weekly Movement	n/a
Infrastructure Industry Average Movement	4.9%
Market Average Movement	7.9%
10% most volatile stocks in US Market	16.3%
10% least volatile stocks in US Market	4.1%

Stable Share Price: TAVH.F's share price has been volatile over the past 3 months compared to the US market.

Volatility Over Time: Insufficient data to determine TAVH.F's volatility change over the past year.

About the Company

Founded	Employees	CEO	Website
1997	20,320	Vehbi Kaptan	www.tavhavalimanlari.com.tr

TAV Havalimanlari Holding A.S., together with its subsidiaries, constructs terminal buildings, and manages and operates terminals or airports in Turkey, Kazakhstan, Georgia, Qatar, Macedonia, Macedonia, Latvia, Croatia, Tunisia, Oman, Saudi Arabia, Spain, and internationally. It operates through Terminal Operations, Catering Operations, Duty Free Operations, Ground Handling and Bus Operations, and Other segments. The Terminal Operations segment operates terminal buildings, car parks, and general aviation terminals.

TAV Havalimanlari Holding A.S. Fundamentals Summary

How do TAV Havalimanlari Holding's earnings and revenue compare to its market cap?
TAVH.F fundamental statistics
Market cap	US$2.10b
Earnings (TTM)	US$119.41m
Revenue (TTM)	US$1.69b

17.5x

P/E Ratio

1.2x

P/S Ratio

Is TAVH.F overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TAVH.F income statement (TTM)
Revenue	€1.50b
Cost of Revenue	€934.51m
Gross Profit	€563.35m
Other Expenses	€457.80m
Earnings	€105.55m

Last Reported Earnings

Mar 31, 2025

Next Earnings Date

n/a

Earnings per share (EPS)	0.29
Gross Margin	37.61%
Net Profit Margin	7.05%
Debt/Equity Ratio	129.3%

How did TAVH.F perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2025/05/07 05:49
End of Day Share Price	2025/05/07 00:00
Earnings	2025/03/31
Annual Earnings	2024/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

TAV Havalimanlari Holding A.S. is covered by 27 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	Ata Invest
Kenan Cosguner	BNP Paribas Securities (Asia)
Julius Nickelsen	BofA Global Research