Financials Yatas Yatak ve Yorgan Sanayi ve Ticaret

Equities

YATAS

TRAYATAS91B4

Home Furnishings

Delayed Borsa Istanbul 07:35:49 2024-05-02 am EDT 5-day change 1st Jan Change
32.3 TRY +1.89% Intraday chart for Yatas Yatak ve Yorgan Sanayi ve Ticaret +0.69% +33.25%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024
Capitalization 1 652.3 1,071 2,109 1,599 4,868 4,557 4,557
Enterprise Value (EV) 1 795.1 1,255 2,177 1,903 4,868 4,557 4,557
P/E ratio 8,940 x - - - - - -
Yield - - 1.96% - - - -
Capitalization / Revenue 0.69 x 0.92 x 1.21 x 0.56 x 0.72 x 0.44 x 0.26 x
EV / Revenue 0.69 x 0.92 x 1.21 x 0.56 x 0.72 x 0.44 x 0.26 x
EV / EBITDA 4.64 x 4.9 x 6.38 x 3.69 x 5.05 x 3.43 x 1.79 x
EV / FCF - 13,838,551 x 8,919,828 x -12,567,580 x -9,587,405 x - -
FCF Yield - 0% 0% -0% -0% - -
Price to Book - - - - - - -
Nbr of stocks (in thousands) 145,927 145,927 145,927 143,804 143,763 143,763 143,763
Reference price 2 4.470 7.340 14.45 11.12 33.86 31.70 31.70
Announcement Date 3/11/19 3/10/20 3/9/21 3/10/22 3/13/23 - -
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024
Net sales 1 943.2 1,167 1,748 2,859 6,737 10,279 17,786
EBITDA 1 140.6 218.4 330.7 433.1 963.1 1,330 2,543
EBIT 115.8 153 257.6 346.8 813.7 - -
Operating Margin 12.28% 13.11% 14.74% 12.13% 12.08% - -
Earnings before Tax (EBT) - - 218.1 305 649.1 - -
Net income 1 75.64 86.21 170.1 256.1 514.2 622 1,154
Net margin 8.02% 7.39% 9.73% 8.96% 7.63% 6.05% 6.49%
EPS 0.000500 - - - - - -
Free Cash Flow - 77.4 236.4 -127.2 -507.7 - -
FCF margin - 6.63% 13.52% -4.45% -7.54% - -
FCF Conversion (EBITDA) - 35.44% 71.48% - - - -
FCF Conversion (Net income) - 89.78% 139% - - - -
Dividend per Share - - 0.2838 - - - -
Announcement Date 3/11/19 3/10/20 3/9/21 3/10/22 3/13/23 - -
1TRY in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q2 2021 Q3 2021 Q4 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2
Net sales 1 - 726.8 984 - 1,786 2,196 2,043 2,585
EBITDA 1 - 101.8 147.7 - 235.3 358.3 243.9 485.3
EBIT - - - - - - - -
Operating Margin - - - - - - - -
Earnings before Tax (EBT) - - - - - - - -
Net income 1 47.04 54.19 107.7 126.8 156.1 144.6 105.2 207.1
Net margin - 7.46% 10.94% - 8.74% 6.58% 5.15% 8.01%
EPS 0.3140 - - 0.8464 - - - -
Dividend per Share - - - - - - - -
Announcement Date 8/13/21 11/8/21 3/10/22 8/18/22 11/9/22 3/13/23 5/10/23 8/21/23
1TRY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024
Net Debt 143 183 67.9 304 - - -
Net Cash position - - - - - - -
Leverage (Debt/EBITDA) 1.015 x 0.8399 x 0.2053 x 0.7014 x - - -
Free Cash Flow - 77.4 236 -127 -508 - -
ROE (net income / shareholders' equity) 27.9% 24.7% 37% 33.3% 42.7% 38% 49%
ROA (Net income/ Total Assets) 12.1% 10.5% 14.5% 14.2% 15.9% 11% 13%
Assets 1 626.1 823.1 1,175 1,806 3,239 5,655 8,877
Book Value Per Share - - - - - - -
Cash Flow per Share - - - - - - -
Capex 87.5 78.5 63.3 119 324 - -
Capex / Sales 9.27% 6.73% 3.62% 4.18% 4.81% - -
Announcement Date 3/11/19 3/10/20 3/9/21 3/10/22 3/13/23 - -
1TRY in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
2
Last Close Price
31.7 TRY
Average target price
50.38 TRY
Spread / Average Target
+58.91%
Consensus

Quarterly revenue - Rate of surprise

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