Financials Vestel Elektronik Sanayi ve Ticaret Anonim Sirketi

Equities

VESTL

TRAVESTL91H6

Household Electronics

Market Closed - Borsa Istanbul 11:09:53 2024-04-26 am EDT 5-day change 1st Jan Change
84.45 TRY -0.06% Intraday chart for Vestel Elektronik Sanayi ve Ticaret Anonim Sirketi -3.15% +82.63%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 4,233 7,065 8,400 23,901 15,511 28,329 -
Enterprise Value (EV) 1 4,233 7,065 18,426 23,901 15,511 28,329 28,329
P/E ratio 13 x - 4.43 x 27.9 x 10.7 x 15.8 x 9.05 x
Yield - - 28.1% - - - -
Capitalization / Revenue 0.25 x 0.33 x 0.26 x 0.41 x 0.14 x 0.19 x 0.14 x
EV / Revenue 0.25 x 0.33 x 0.26 x 0.41 x 0.14 x 0.19 x 0.14 x
EV / EBITDA 1.81 x 1.96 x 1.53 x 3.87 x 1.67 x 1.39 x 1.04 x
EV / FCF 1.61 x - 21.8 x - 4.93 x -6.46 x -7.44 x
FCF Yield 62% - 4.59% - 20.3% -15.5% -13.4%
Price to Book 1.14 x - 0.89 x - - 1.2 x 1.06 x
Nbr of stocks (in thousands) 335,456 335,456 335,456 335,456 335,456 335,456 -
Reference price 2 12.62 21.06 25.04 71.25 46.24 84.45 84.45
Announcement Date 3/3/20 3/9/21 3/12/22 3/10/23 4/6/24 - -
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net sales 1 17,174 21,546 32,506 58,374 112,216 152,167 206,075
EBITDA 1 2,336 3,602 5,484 6,183 9,306 20,419 27,360
EBIT 1 1,709 - 4,557 5,000 6,100 20,102 23,619
Operating Margin 9.95% - 14.02% 8.57% 5.44% 13.21% 11.46%
Earnings before Tax (EBT) 1 313.9 - 1,699 566.1 3,015 5,118 9,640
Net income 1 324 1,773 1,895 856.7 1,450 3,162 3,128
Net margin 1.89% 8.23% 5.83% 1.47% 1.29% 2.08% 1.52%
EPS 2 0.9700 - 5.650 2.550 4.320 5.340 9.330
Free Cash Flow 1 2,623 - 385.3 - 3,149 -4,384 -3,806
FCF margin 15.27% - 1.19% - 2.81% -2.88% -1.85%
FCF Conversion (EBITDA) 112.3% - 7.03% - 33.84% - -
FCF Conversion (Net income) 809.47% - 20.33% - 217.24% - -
Dividend per Share - - 7.037 - - - -
Announcement Date 3/3/20 3/9/21 3/12/22 3/10/23 4/6/24 - -
1TRY in Million2TRY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2022 Q2 2022 Q3 2023 Q1
Net sales 1 7,544 - 14,472 16,915
EBITDA 1 699.2 - 947.5 1,154
EBIT - - - -
Operating Margin - - - -
Earnings before Tax (EBT) - - - -
Net income 1 - 788.2 -301.3 -63.73
Net margin - - -2.08% -0.38%
EPS - 0.0235 - -
Dividend per Share - - - -
Announcement Date 10/28/21 8/18/22 11/9/22 5/10/23
1TRY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025
Net Debt - - 10,026 - - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) - - 1.828 x - - - -
Free Cash Flow 1 2,623 - 385 - 3,149 -4,384 -3,806
ROE (net income / shareholders' equity) 9.37% 32.9% 23% - 4.57% 18.8% 12.4%
ROA (Net income/ Total Assets) 1.73% 7.62% 5.4% - 1.22% 4.7% 6.2%
Assets 1 18,731 23,265 35,086 - 118,637 67,277 50,452
Book Value Per Share 2 11.00 - 28.10 - - 70.60 80.00
Cash Flow per Share 2 2.850 - 5.080 - 21.00 12.80 20.50
Capex 1 481 - 1,663 - 3,912 9,730 11,334
Capex / Sales 2.8% - 5.12% - 3.49% 6.39% 5.5%
Announcement Date 3/3/20 3/9/21 3/12/22 3/10/23 4/6/24 - -
1TRY in Million2TRY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
84.45 TRY
Average target price
105 TRY
Spread / Average Target
+24.38%
Consensus

Annual profits - Rate of surprise

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