IHGZT—56

Ihlas Gazetecilik AS

Consumer PublishingVerified

Score breakdown

Profitability+32Sentiment+30Risk penalty-3Missing signals-3

Quality breakdown

Key fields100Profile38Conclusion93AI synthesis40Observations3

Ihlas Gazetecilik AS maintains a strong liquidity position, with a current ratio of 5.02, indicating that it holds more than five times the current liabilities in current assets. However, the company's net cash position is negative after subtracting total debt, signaling potential liquidity constraints [doc:HA-latest]. Profitability metrics show a return on equity of 5.64% and a return on assets of 4.69%, which are below the typical thresholds for high-performing media companies. The operating loss of TRY 70.36 million highlights the challenges in maintaining profitability in a competitive and declining print media market [doc:HA-latest]. The company's revenue is primarily concentrated in Turkey, with printing facilities in major cities such as Istanbul, Ankara, Izmir, Adana, Trabzon, and Antalya. This geographic concentration may expose the company to regional economic fluctuations and regulatory changes [doc:HA-latest]. The company reported revenue of TRY 2.49 billion in the latest period, with a free cash flow of TRY 251.62 million. The capital expenditure of TRY -58.63 million suggests a reduction in investment in new assets, which may affect long-term growth prospects [doc:HA-latest]. The risk assessment indicates a medium liquidity risk and a low dilution risk. The company's debt-to-equity ratio of 0.03 suggests a conservative capital structure, but the negative net cash position after debt is a concern [doc:HA-latest]. Recent financial filings show a net income of TRY 231.31 million, despite an operating loss, which may be attributed to non-operating income or gains. The company's financial health is further supported by total assets of TRY 4.93 billion and total equity of TRY 4.10 billion [doc:HA-latest].

Profile

CompanyIhlas Gazetecilik AS

TickerIHGZT.IS

SectorConsumer Cyclicals

BusinessCyclical Consumer Services

Industry groupCyclical Consumer Services

IndustryConsumer Publishing

AI analysis

Business. Ihlas Gazetecilik AS operates in the media sector, primarily engaged in newspaper publishing and printing services, including books, magazines, and brochures, with printing facilities across Turkey [doc:HA-latest].

Classification. The company is classified under the Consumer Cyclicals economic sector, specifically in the Cyclical Consumer Services business sector and the Consumer Publishing industry, with a confidence level of 0.92 [doc:verified market data].

Key takeaways

Ihlas Gazetecilik AS has a strong current ratio of 5.02, indicating robust short-term liquidity.
The company's return on equity of 5.64% and return on assets of 4.69% are below industry benchmarks.
Revenue is heavily concentrated in Turkey, exposing the company to regional economic and regulatory risks.
The company reported a free cash flow of TRY 251.62 million, but capital expenditures are negative, suggesting reduced investment in growth.
The company's debt-to-equity ratio of 0.03 indicates a conservative capital structure, but the negative net cash position after debt is a concern.
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Financial snapshot

PeriodHA-latest

CurrencyTRY

Revenue$2.49B

Gross profit$439.5M

Operating income-$70.4M

Net income$231.3M

R&D—

SG&A—

D&A—

SBC—

Operating cash flow$6.5M

CapEx-$58.6M

Free cash flow$251.6M

Total assets$4.93B

Total liabilities$832.2M

Total equity$4.10B

Cash & equivalents$32.1M

Long-term debt$104.2M

Annual history (last 5)

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Quarterly history (last 4)

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Valuation

Market price—

Market cap—

Enterprise value—

P/E—

Reported non-GAAP P/E—

EV/Revenue—

EV/Op income—

EV/OCF—

P/B—

P/Tangible book—

Tangible book$4.10B

Net cash-$72.1M

Current ratio5.0

Debt/Equity0.0

ROA4.7%

ROE5.6%

Cash conversion3.0%

CapEx/Revenue-2.4%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Industry benchmarks

Activity: Consumer Publishing · cohort 1 companies

MetricIHGZTActivity

Op margin-2.8%15.3% medp25 15.3% · p75 15.3%bottom quartile

Net margin9.3%12.2% medp25 12.2% · p75 12.2%bottom quartile

Gross margin17.7%47.3% medp25 35.5% · p75 67.2%bottom quartile

R&D / revenue—9.4% medp25 9.4% · p75 9.4%

CapEx / revenue-2.4%1.2% medp25 1.2% · p75 1.2%bottom quartile

Debt / equity3.0%4.9% medp25 0.3% · p75 23.3%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

2026-05-03 18:56 UTC#a72462c7

Source: analysis-pipeline (hybrid)Generated: 2026-05-03 18:58 UTCJob: bbddf850