MAVI GIYIM SANAYI VE TICARET |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 92.5 TRY | -0.05% |
|
+6.75% | +58.80% |
| Mar. 15 | Mavi Giyim Sanayi ve Ticaret A.S. Reports Earnings Results for the Full Year Ended January 31, 2024 | CI |
| Mar. 15 | Transcript : Mavi Giyim Sanayi ve Ticaret A.S., 2024 Earnings Call, Mar 15, 2024 |
Valuation
| Fiscal Period: January | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,828 | 2,632 | 3,325 | 11,530 | 28,324 | 36,766 | - |
| Enterprise Value (EV) 1 | 3,276 | 3,147 | 3,212 | 10,408 | 28,324 | 33,055 | 31,336 |
| P/E ratio | 29.8 x | 574 x | 8.3 x | 8.01 x | 15.9 x | 9.72 x | 7.11 x |
| Yield | - | - | 3.62% | 3.72% | - | 3.09% | 4.22% |
| Capitalization / Revenue | 0.99 x | 1.1 x | 0.72 x | 1.09 x | 1.08 x | 1.14 x | 0.87 x |
| EV / Revenue | 1.14 x | 1.31 x | 0.7 x | 0.98 x | 1.08 x | 1.02 x | 0.74 x |
| EV / EBITDA | 5.12 x | 8.18 x | 3.16 x | 4.18 x | 5.84 x | 4.51 x | 3.24 x |
| EV / FCF | 6,258,071 x | - | 2,663,303 x | 5,127,688 x | - | - | - |
| FCF Yield | 0% | - | 0% | 0% | - | - | - |
| Price to Book | 6.14 x | 5.16 x | 2.98 x | 4.45 x | - | 5.11 x | 3.4 x |
| Nbr of stocks (in thousands) | 397,256 | 397,256 | 397,256 | 397,256 | 397,256 | 397,256 | - |
| Reference price 2 | 7.119 | 6.625 | 8.369 | 29.02 | 71.30 | 92.55 | 92.55 |
| Announcement Date | 3/12/20 | 3/15/21 | 3/14/22 | 3/14/23 | 3/15/24 | - | - |
1TRY in Million2TRY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: Enero | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,863 | 2,402 | 4,619 | 10,592 | 26,293 | 32,386 | 42,139 |
| EBITDA 1 | 639.9 | 384.7 | 1,016 | 2,491 | 4,854 | 7,332 | 9,678 |
| EBIT 1 | 359.6 | 73 | 658 | 1,978 | 3,244 | 6,243 | 8,704 |
| Operating Margin | 12.56% | 3.04% | 14.25% | 18.67% | 12.34% | 19.28% | 20.65% |
| Earnings before Tax (EBT) | 137.5 | 12.48 | - | 1,703 | - | - | - |
| Net income 1 | 94.84 | 4.583 | 400.4 | 1,439 | 1,784 | 4,396 | - |
| Net margin | 3.31% | 0.19% | 8.67% | 13.59% | 6.78% | 13.57% | - |
| EPS 2 | 0.2388 | 0.0115 | 1.008 | 3.623 | 4.491 | 9.518 | 13.01 |
| Free Cash Flow | 523.4 | - | 1,206 | 2,030 | - | - | - |
| FCF margin | 18.28% | - | 26.11% | 19.16% | - | - | - |
| FCF Conversion (EBITDA) | 81.8% | - | 118.71% | 81.47% | - | - | - |
| FCF Conversion (Net income) | 551.88% | - | 301.21% | 141.02% | - | - | - |
| Dividend per Share 2 | - | - | 0.3032 | 1.081 | - | 2.855 | 3.904 |
| Announcement Date | 3/12/20 | 3/15/21 | 3/14/22 | 3/14/23 | 3/15/24 | - | - |
1TRY in Million2TRY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: January | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 1,354 | 1,428 | 1,887 | 2,236 | 3,202 | 3,267 | 3,947 | 4,468 | 5,774 | 12,104 |
| EBITDA 1 | 345.6 | 279.7 | 550.2 | 548.1 | 751.5 | 631 | 904.9 | 975.6 | - | 1,351 |
| EBIT | 256.6 | 181.7 | - | - | - | - | - | - | - | - |
| Operating Margin | 18.94% | 12.72% | - | - | - | - | - | - | - | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - | - |
| Net income 1 | 153.2 | 117.3 | 288.9 | 407.3 | 447.9 | 295.3 | 512.1 | 643.7 | 1,021 | -392.8 |
| Net margin | 11.31% | 8.21% | 15.31% | 18.21% | 13.99% | 9.04% | 12.98% | 14.4% | 17.68% | -3.24% |
| EPS | 0.3857 | 0.2950 | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 12/7/21 | 3/14/22 | 6/9/22 | 9/19/22 | 12/12/22 | 3/14/23 | 6/8/23 | 9/19/23 | 12/11/23 | 3/15/24 |
1TRY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: January | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|
| Net Debt 1 | 448 | 515 | - | - | - | - | - |
| Net Cash position 1 | - | - | 112 | 1,122 | - | 3,711 | 5,430 |
| Leverage (Debt/EBITDA) | 0.6996 x | 1.34 x | - | - | - | - | - |
| Free Cash Flow | 523 | - | 1,206 | 2,030 | - | - | - |
| ROE (net income / shareholders' equity) | 23.9% | 0.94% | 49.3% | 77.7% | - | 66.4% | 57.4% |
| ROA (Net income/ Total Assets) | 5.78% | 0.2% | 11.8% | 22.6% | - | 21% | - |
| Assets 1 | 1,641 | 2,323 | 3,402 | 6,369 | - | 20,932 | - |
| Book Value Per Share 2 | 1.160 | 1.280 | 2.810 | 6.520 | - | 18.10 | 27.20 |
| Cash Flow per Share 2 | 1.520 | 0.9800 | 3.450 | 5.850 | - | 13.10 | 16.70 |
| Capex 1 | 79.8 | 101 | 164 | 295 | - | 918 | 1,180 |
| Capex / Sales | 2.79% | 4.22% | 3.55% | 2.78% | - | 2.83% | 2.8% |
| Announcement Date | 3/12/20 | 3/15/21 | 3/14/22 | 3/14/23 | 3/15/24 | - | - |
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
A
Sell
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
92.55
TRY
Average target price
93.92
TRY
Spread / Average Target
+1.47%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +58.80% | 1.13B | |
| +8.67% | 146B | |
| +18.75% | 81.02B | |
| -17.29% | 44.08B | |
| -6.66% | 43.95B | |
| +0.07% | 26.42B | |
| -6.90% | 11.67B | |
| +9.29% | 9.4B | |
| -1.63% | 7.94B | |
| -2.84% | 7.3B |
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