Stock MERIT MERIT TURIZM YATIRIM VE ISLETME ANONIM SIRKETI
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Financials Merit Turizm Yatirim ve Isletme Anonim Sirketi

Equities

MERIT

TREMRTT00016

Hotels, Motels & Cruise Lines

Market Closed - Borsa Istanbul
Other stock markets
 11:08:02 2024-04-26 am EDT 		5-day change 1st Jan Change
124 TRY -0.32% Intraday chart for Merit Turizm Yatirim ve Isletme Anonim Sirketi +6.53% +85.77%
2023 Merit Turizm Yatirim ve Isletme Anonim Sirketi Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023 CI
2023 Merit Turizm Yatirim ve Isletme Anonim Sirketi Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023 CI

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 15.02 15.27 49.57 213.4 858.3 1,165
Enterprise Value (EV) 1 15.01 15.27 49.54 213.4 858.3 1,164
P/E ratio 3.86 x 2 x 6.88 x 87.5 x 89.1 x 58 x
Yield - - - - - 2.41%
Capitalization / Revenue 1.4 x 1.53 x 3.46 x 44.3 x 75.5 x 19.6 x
EV / Revenue 1.4 x 1.53 x 3.46 x 44.3 x 75.5 x 19.6 x
EV / EBITDA 3.16 x 3.65 x 6.36 x 60.8 x 155 x 46.1 x
EV / FCF 70.5 x 2.78 x -20.6 x -351 x 66.2 x 292 x
FCF Yield 1.42% 36% -4.85% -0.28% 1.51% 0.34%
Price to Book 0.91 x 0.38 x 1.08 x 4.55 x 0.94 x 0.76 x
Nbr of stocks (in thousands) 2,550 2,550 2,550 2,550 28,050 28,050
Reference price 2 5.890 5.990 19.44 83.70 30.60 41.54
Announcement Date 3/1/18 3/1/19 3/2/20 2/18/21 3/1/22 3/13/23
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 10.69 9.966 14.32 4.82 11.37 59.34
EBITDA 1 4.753 4.18 7.787 3.51 5.528 25.25
EBIT 1 4.75 4.177 7.784 3.506 5.528 25.25
Operating Margin 44.43% 41.91% 54.34% 72.74% 48.63% 42.56%
Earnings before Tax (EBT) 1 4.801 8.614 8.911 3.161 5.226 26.31
Net income 1 3.89 7.653 7.206 2.44 3.898 20.1
Net margin 36.39% 76.79% 50.3% 50.62% 34.29% 33.88%
EPS 2 1.526 3.001 2.826 0.9568 0.3434 0.7166
Free Cash Flow 1 0.2128 5.494 -2.402 -0.6071 12.96 3.988
FCF margin 1.99% 55.13% -16.77% -12.6% 114% 6.72%
FCF Conversion (EBITDA) 4.48% 131.43% - - 234.41% 15.79%
FCF Conversion (Net income) 5.47% 71.79% - - 332.41% 19.84%
Dividend per Share - - - - - 1.000
Announcement Date 3/1/18 3/1/19 3/2/20 2/18/21 3/1/22 3/13/23
1TRY in Million2TRY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - - - - - -
Net Cash position 1 0.01 0.01 0.03 0.04 0.05 1.38
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 0.21 5.49 -2.4 -0.61 13 3.99
ROE (net income / shareholders' equity) 26.7% 26.9% 16.7% 5.26% 0.81% 1.64%
ROA (Net income/ Total Assets) 18.2% 7.92% 9.94% 4.34% 0.69% 1.23%
Assets 1 21.33 96.63 72.51 56.21 568.3 1,640
Book Value Per Share 2 6.480 15.90 18.00 18.40 32.70 54.90
Cash Flow per Share 2 0 0 0.0100 0.0200 0 0.0500
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 3/1/18 3/1/19 3/2/20 2/18/21 3/1/22 3/13/23
1TRY in Million2TRY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sector Hotels & Motels

1st Jan change Capi.
MERIT TURIZM YATIRIM VE ISLETME ANONIM SIRKETI Stock Merit Turizm Yatirim ve Isletme Anonim Sirketi
+85.77% 107M
H WORLD GROUP LIMITED Stock H World Group Limited
+19.80% 12.57B
WHITBREAD PLC Stock Whitbread PLC
-16.77% 6.95B
WYNDHAM HOTELS & RESORTS, INC. Stock Wyndham Hotels & Resorts, Inc.
-8.23% 5.95B
CHOICE HOTELS INTERNATIONAL, INC. Stock Choice Hotels International, Inc.
+5.08% 5.91B
SHANGHAI JIN JIANG INTERNATIONAL HOTELS CO., LTD. Stock Shanghai Jin Jiang International Hotels Co., Ltd.
-7.69% 3.72B
SHANGRI-LA ASIA LIMITED Stock Shangri-La Asia Limited
+5.97% 2.58B
ATOUR LIFESTYLE HOLDINGS LIMITED Stock Atour Lifestyle Holdings Limited
+7.49% 2.57B
BTG HOTELS (GROUP) CO., LTD. Stock BTG Hotels (Group) Co., Ltd.
-3.46% 2.32B
CHALET HOTELS LIMITED Stock Chalet Hotels Limited
+26.90% 2.31B
Hotels & Motels
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