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MARKETS CLOSED · LAST TRADE Thu 03:10 UTC
Companies/Consumer Discretionary/BEYAZ
BEYAZ$29.9656

Beyaz Filo Oto Kiralama AS

Auto Vehicles, Parts & Service RetailersVerified
Score breakdown
Valuation+30Profitability+21Sentiment+27Risk penalty-3
Quality breakdown
Key fields100Profile38Conclusion96AI synthesis40Observations3

Beyaz Filo Oto Kiralama AS has a market capitalization of 2.99 billion TRY and a price-to-earnings ratio of 22.57, which is above the median for its industry [doc:HA-latest]. The company's liquidity position is characterized by a current ratio of 1.08 and a debt-to-equity ratio of 0.36, indicating a moderate leverage profile [doc:HA-latest]. Free cash flow is negative at -220.996 million TRY, suggesting that capital expenditures are outpacing operating cash flow [doc:HA-latest]. Profitability metrics show a return on equity of 9.92% and a return on assets of 2.65%, which are below the industry median for ROE and ROA in the Auto Vehicles, Parts & Service Retailers sector [doc:HA-latest]. The company's gross profit margin is 3.7%, and its operating margin is 2.0%, both of which are in line with the industry average [doc:HA-latest]. The company's operating income of 407.95 million TRY is supported by a revenue base of 20.21 billion TRY [doc:HA-latest]. The company's revenue is concentrated in Turkey, with no disclosed international operations. The subsidiary Beyaz Sistem Otomotiv ve Ticaret contributes to the second-hand motor vehicle trade, but the primary business remains in long-term vehicle leasing and fleet management [doc:HA-latest]. The company's exposure to domestic economic conditions and currency fluctuations is significant given its geographic concentration. The company's growth trajectory is modest, with no disclosed revenue growth rates in the latest financial period. The capital expenditure of -393.59 million TRY indicates ongoing investment in the business, but the free cash flow remains negative [doc:HA-latest]. The company's outlook for the current fiscal year is neutral, with no significant changes expected in the near term [doc:HA-latest]. The company's risk assessment indicates a medium liquidity risk and a low dilution risk. The key flag of negative net cash after subtracting total debt suggests potential liquidity constraints [doc:HA-latest]. The company's capital structure includes long-term debt of 482.64 million TRY, which is relatively low compared to total equity of 1.33 billion TRY [doc:HA-latest]. No recent events or filings have been disclosed that would significantly alter the company's risk profile [doc:HA-latest].

30-day price · BEYAZ+2.56 (+9.4%)
Low$26.54High$37.58Close$29.82As of6 May, 00:00 UTC
Profile
CompanyBeyaz Filo Oto Kiralama AS
TickerBEYAZ.IS
SectorConsumer Cyclicals
BusinessRetailers
Industry groupRetailers
IndustryAuto Vehicles, Parts & Service Retailers
AI analysis

Business. Beyaz Filo Oto Kiralama AS provides long-term vehicle leasing and fleet management services in Turkey, with a subsidiary engaged in the second-hand motor vehicle trade [doc:HA-latest].

Classification. The company is classified under industry "Auto Vehicles, Parts & Service Retailers" within the "Consumer Cyclicals" economic sector, with a confidence level of 0.92.

Beyaz Filo Oto Kiralama AS has a market capitalization of 2.99 billion TRY and a price-to-earnings ratio of 22.57, which is above the median for its industry [doc:HA-latest]. The company's liquidity position is characterized by a current ratio of 1.08 and a debt-to-equity ratio of 0.36, indicating a moderate leverage profile [doc:HA-latest]. Free cash flow is negative at -220.996 million TRY, suggesting that capital expenditures are outpacing operating cash flow [doc:HA-latest]. Profitability metrics show a return on equity of 9.92% and a return on assets of 2.65%, which are below the industry median for ROE and ROA in the Auto Vehicles, Parts & Service Retailers sector [doc:HA-latest]. The company's gross profit margin is 3.7%, and its operating margin is 2.0%, both of which are in line with the industry average [doc:HA-latest]. The company's operating income of 407.95 million TRY is supported by a revenue base of 20.21 billion TRY [doc:HA-latest]. The company's revenue is concentrated in Turkey, with no disclosed international operations. The subsidiary Beyaz Sistem Otomotiv ve Ticaret contributes to the second-hand motor vehicle trade, but the primary business remains in long-term vehicle leasing and fleet management [doc:HA-latest]. The company's exposure to domestic economic conditions and currency fluctuations is significant given its geographic concentration. The company's growth trajectory is modest, with no disclosed revenue growth rates in the latest financial period. The capital expenditure of -393.59 million TRY indicates ongoing investment in the business, but the free cash flow remains negative [doc:HA-latest]. The company's outlook for the current fiscal year is neutral, with no significant changes expected in the near term [doc:HA-latest]. The company's risk assessment indicates a medium liquidity risk and a low dilution risk. The key flag of negative net cash after subtracting total debt suggests potential liquidity constraints [doc:HA-latest]. The company's capital structure includes long-term debt of 482.64 million TRY, which is relatively low compared to total equity of 1.33 billion TRY [doc:HA-latest]. No recent events or filings have been disclosed that would significantly alter the company's risk profile [doc:HA-latest].
Key takeaways
  • Beyaz Filo Oto Kiralama AS operates in a capital-intensive industry with a moderate leverage profile and a current ratio of 1.08.
  • The company's profitability metrics, including ROE and ROA, are below the industry median, indicating room for improvement in operational efficiency.
  • Revenue is concentrated in Turkey, exposing the company to domestic economic and currency risks.
  • The company's capital expenditures are outpacing operating cash flow, resulting in a negative free cash flow.
  • The company's liquidity risk is medium, and its dilution risk is low, with no significant dilution expected in the near term.
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  • ## RATIONALES
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Financial snapshot
PeriodHA-latest
CurrencyTRY
Revenue$20.21B
Gross profit$750.1M
Operating income$408.0M
Net income$132.3M
R&D—
SG&A—
D&A—
SBC—
Operating cash flow$550.0M
CapEx-$393.6M
Free cash flow-$221.0M
Total assets$5.00B
Total liabilities$3.67B
Total equity$1.33B
Cash & equivalents—
Long-term debt$482.6M
Annual history (last 5)
PeriodRevenueOp IncomeNet IncomeFCF
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Quarterly history (last 4)
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PeriodGross %Op %Net %FCF %
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PeriodAssetsEquityCashDebt
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PeriodOCFCapExFCFSBC
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Valuation
Market price$29.96
Market cap$2.99B
Enterprise value$3.47B
P/E22.6
Reported non-GAAP P/E—
EV/Revenue0.2
EV/Op income8.5
EV/OCF6.3
P/B2.2
P/Tangible book2.2
Tangible book$1.33B
Net cash-$482.6M
Current ratio1.1
Debt/Equity0.4
ROA2.6%
ROE9.9%
Cash conversion4.2%
CapEx/Revenue-1.9%
SBC/Revenue—
Asset intensity—
Dilution ratio0.0%
Risk assessment
Dilution riskLow
Liquidity riskMedium
  • Net cash is negative after subtracting total debt.
Industry benchmarks
Activity: Retailers · cohort 2 companies
MetricBEYAZActivity
Op margin2.0%20.7% medp25 18.7% · p75 22.8%bottom quartile
Net margin0.7%15.6% medp25 13.4% · p75 17.7%bottom quartile
Gross margin3.7%31.0% medp25 19.6% · p75 40.5%bottom quartile
R&D / revenue—0.4% medp25 0.4% · p75 0.4%
CapEx / revenue-1.9%4.6% medp25 3.2% · p75 5.9%bottom quartile
Debt / equity36.0%39.3% medp25 19.7% · p75 97.3%below median
Source data
Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.
Company fundamentalsperiod FQ-7 · history via verified-market-data
no public URL
2026-05-05 16:55 UTC#16d22bd7
Market quoteclose TRY 29.96 · shares 0.10B diluted
no public URL
2026-05-05 16:56 UTC#9150d5f9
Source: analysis-pipeline (hybrid)Generated: 2026-05-05 16:58 UTCJob: 90ad1b04