Financials MLP Saglik Hizmetleri

Equities

MPARK

TREMLPC00021

Healthcare Facilities & Services

Market Closed - Borsa Istanbul 11:09:09 2024-05-03 am EDT 5-day change 1st Jan Change
249.9 TRY +4.12% Intraday chart for MLP Saglik Hizmetleri +8.65% +67.72%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 3,329 4,134 6,212 18,765 30,998 51,988 - -
Enterprise Value (EV) 1 5,372 6,250 8,281 20,817 34,241 55,513 53,231 51,644
P/E ratio 94.1 x 64.1 x 21.3 x 11.6 x 6.84 x 10.3 x 9.55 x 6.19 x
Yield - - - - - 1.92% 2.52% 3.24%
Capitalization / Revenue 0.9 x 1.03 x 1.07 x 1.91 x 1.38 x 1.92 x 1.34 x 1.06 x
EV / Revenue 1.45 x 1.56 x 1.43 x 2.12 x 1.53 x 2.05 x 1.37 x 1.05 x
EV / EBITDA 6.81 x 6.22 x 5.96 x 8.88 x 5.92 x 6.37 x 5.61 x 4.19 x
EV / FCF 10.7 x 8.32 x 7.14 x 15.9 x 10.7 x 16.7 x 11.6 x 7.97 x
FCF Yield 9.36% 12% 14% 6.29% 9.36% 6% 8.59% 12.5%
Price to Book 14.5 x 14.6 x 11.5 x 10.4 x 2.45 x 6.79 x 4.34 x -
Nbr of stocks (in thousands) 208,037 208,037 208,037 208,037 208,037 208,037 - -
Reference price 2 16.00 19.87 29.86 90.20 149.0 249.9 249.9 249.9
Announcement Date 3/5/20 3/8/21 3/8/22 3/8/23 3/19/24 - - -
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 3,704 4,015 5,796 9,837 22,449 27,024 38,776 49,173
EBITDA 1 788.8 1,005 1,389 2,346 5,784 8,721 9,492 12,326
EBIT 1 522.9 753.6 1,053 1,900 4,241 6,306 7,369 9,407
Operating Margin 14.12% 18.77% 18.17% 19.32% 18.89% 23.33% 19% 19.13%
Earnings before Tax (EBT) 1 82.12 185.5 371.9 1,304 5,825 6,422 6,604 8,328
Net income 1 36.25 64.93 290.4 1,619 4,530 5,024 5,700 7,072
Net margin 0.98% 1.62% 5.01% 16.46% 20.18% 18.59% 14.7% 14.38%
EPS 2 0.1700 0.3100 1.400 7.780 21.77 24.20 26.17 40.40
Free Cash Flow 1 502.8 751.3 1,160 1,309 3,203 3,333 4,575 6,476
FCF margin 13.58% 18.71% 20.01% 13.3% 14.27% 12.33% 11.8% 13.17%
FCF Conversion (EBITDA) 63.75% 74.72% 83.49% 55.8% 55.39% 38.22% 48.2% 52.54%
FCF Conversion (Net income) 1,387.09% 1,157.04% 399.26% 80.82% 70.72% 66.34% 80.27% 91.57%
Dividend per Share 2 - - - - - 4.800 6.300 8.100
Announcement Date 3/5/20 3/8/21 3/8/22 3/8/23 3/19/24 - - -
1TRY in Million2TRY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4
Net sales 1 2,542 1,498 1,756 2,187 2,230 2,476 2,944 3,474 3,693 4,869 10,414
EBITDA 1 631.2 391 366.6 501.9 540.6 589.7 713.3 814.1 895.8 1,700 2,374
EBIT 477 - 268.8 - - - - - - - -
Operating Margin 18.76% - 15.31% - - - - - - - -
Earnings before Tax (EBT) 188.2 - - - - - - - - - -
Net income 1 147.3 17.69 125.4 170 406.8 461.7 580.8 244.8 687.1 689.1 2,909
Net margin 5.79% 1.18% 7.14% 7.78% 18.24% 18.65% 19.73% 7.05% 18.61% 14.15% 27.93%
EPS - - 0.6100 - - - - - - - -
Dividend per Share - - - - - - - - - - -
Announcement Date 8/12/21 11/4/21 3/8/22 5/10/22 8/11/22 11/7/22 3/8/23 5/9/23 8/8/23 11/7/23 3/19/24
1TRY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 2,043 2,117 2,069 2,053 3,243 3,525 1,242 -
Net Cash position 1 - - - - - - - 345
Leverage (Debt/EBITDA) 2.59 x 2.105 x 1.49 x 0.8751 x 0.5608 x 0.4042 x 0.1309 x -
Free Cash Flow 1 503 751 1,160 1,309 3,203 3,333 4,575 6,477
ROE (net income / shareholders' equity) 10.3% 25.3% 70.7% 138% 40.1% 30.5% 39.4% 25%
ROA (Net income/ Total Assets) 1.01% 1.53% 5.63% 22.8% 17.8% 25% - -
Assets 1 3,577 4,243 5,160 7,092 25,516 20,096 - -
Book Value Per Share 2 1.110 1.360 2.590 8.680 60.90 36.80 57.60 -
Cash Flow per Share 2 3.190 4.320 7.940 9.490 21.50 24.10 33.20 -
Capex 1 160 148 458 680 1,272 3,197 2,981 3,328
Capex / Sales 4.33% 3.69% 7.91% 6.92% 5.67% 11.83% 7.69% 6.77%
Announcement Date 3/5/20 3/8/21 3/8/22 3/8/23 3/19/24 - - -
1TRY in Million2TRY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
B
More Ratings
Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
7
Last Close Price
249.9 TRY
Average target price
255.6 TRY
Spread / Average Target
+2.29%
Consensus

Quarterly revenue - Rate of surprise

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