Financials Yatas Yatak ve Yorgan Sanayi ve Ticaret

Equities

YATAS

TRAYATAS91B4

Home Furnishings

Delayed Borsa Istanbul 04:33:45 2024-05-08 am EDT 5-day change 1st Jan Change
36.16 TRY -1.53% Intraday chart for Yatas Yatak ve Yorgan Sanayi ve Ticaret +10.72% +49.17%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023 2024 2025
Capitalization 1 652.3 1,071 2,109 1,599 4,868 5,279 5,279 -
Enterprise Value (EV) 1 795.1 1,255 2,177 1,903 4,868 8,274 8,842 9,457
P/E ratio 8,940 x - - - - - - -
Yield - - 1.96% - - - - 7.9%
Capitalization / Revenue 0.69 x 0.92 x 1.21 x 0.56 x 0.72 x 0.49 x 0.28 x 0.18 x
EV / Revenue 0.84 x 1.08 x 1.25 x 0.67 x 0.72 x 0.77 x 0.47 x 0.32 x
EV / EBITDA 5.65 x 5.74 x 6.58 x 4.39 x 5.05 x 5.92 x 3.35 x 2.2 x
EV / FCF - 16.2 x 9.21 x -15 x -9.59 x -10.3 x 81.9 x 9.82 x
FCF Yield - 6.17% 10.9% -6.69% -10.4% -9.67% 1.22% 10.2%
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 36.72 36.72 36.72
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 2025
Net sales 1 943.2 1,167 1,748 2,859 6,737 10,701 18,684 29,131
EBITDA 1 140.6 218.4 330.7 433.1 963.1 1,398 2,642 4,297
EBIT 1 115.8 153 257.6 346.8 813.7 1,290 2,506 4,020
Operating Margin 12.28% 13.11% 14.74% 12.13% 12.08% 12.05% 13.41% 13.8%
Earnings before Tax (EBT) 1 - - 218.1 305 649.1 673 1,215 2,093
Net income 1 75.64 86.21 170.1 256.1 514.2 597 1,094 1,717
Net margin 8.02% 7.39% 9.73% 8.96% 7.63% 5.58% 5.85% 5.89%
EPS 0.000500 - - - - - - -
Free Cash Flow 1 - 77.4 236.4 -127.2 -507.7 -800 108 963
FCF margin - 6.63% 13.52% -4.45% -7.54% -7.48% 0.58% 3.31%
FCF Conversion (EBITDA) - 35.44% 71.48% - - - 4.09% 22.41%
FCF Conversion (Net income) - 89.78% 139% - - - 9.88% 56.09%
Dividend per Share 2 - - 0.2838 - - - - 2.900
Announcement Date 3/11/19 3/10/20 3/9/21 3/10/22 3/13/23 - - -
1TRY in Million2TRY
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 2025
Net Debt 1 143 183 67.9 304 - 2,995 3,563 4,178
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.015 x 0.8399 x 0.2053 x 0.7014 x - 2.142 x 1.349 x 0.9723 x
Free Cash Flow 1 - 77.4 236 -127 -508 -800 108 963
ROE (net income / shareholders' equity) 27.9% 24.7% 37% 33.3% 42.7% 37% 47% 47%
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 5,427 8,412 -
Book Value Per Share - - - - - - - -
Cash Flow per Share - - - - - - - -
Capex 1 87.5 78.5 63.3 119 324 710 650 858
Capex / Sales 9.27% 6.73% 3.62% 4.18% 4.81% 6.63% 3.48% 2.95%
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

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
36.72 TRY
Average target price
56.25 TRY
Spread / Average Target
+53.19%
Consensus

Quarterly revenue - Rate of surprise

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