Mavi Giyim Sanayi ve Ticaret AS

Mavi Giyim maintains a conservative capital structure with a debt-to-equity ratio of 0.32 and a current ratio of 1.63, indicating strong short-term liquidity coverage. The balance sheet shows total assets of 26.98 billion TRY against total liabilities of 13.09 billion TRY, resulting in total equity of 13.89 billion TRY. The company holds substantial cash and equivalents of 8.28 billion TRY, which exceeds its long-term debt of 4.46 billion TRY, providing a net cash position that supports financial flexibility. Operating cash flow stands at 6.93 billion TRY, while free cash flow is 1.77 billion TRY after capital expenditures of 2.61 billion TRY.

Profitability metrics demonstrate strong operational efficiency, with a return on equity of 22.4% and a return on assets of 11.53%. The company generates an operating income of 5.64 billion TRY on revenue of 47.73 billion TRY, yielding a robust operating margin. Net income is recorded at 2.29 billion TRY. The valuation snapshot indicates a price-to-earnings ratio of 9.84 and an EV/EBITDA of 4.73, suggesting the market prices the stock at a reasonable multiple relative to its earnings generation. The price-to-book ratio is 2.2, reflecting a premium over book value consistent with its return on equity performance.

Revenue concentration and segment details are not explicitly provided in the available data, limiting the analysis of specific product or geographic drivers. However, the total revenue base of 47.73 billion TRY establishes a significant scale within the Turkish apparel market. The absence of detailed segment breakdowns prevents a granular assessment of revenue mix, but the overall financial performance suggests a diversified or dominant market position in its core apparel activities.

Growth trajectory analysis is constrained by the absence of historical period data in the input. Without multi-year revenue or net income trends, it is not possible to quantify year-over-year growth rates or identify cyclical patterns. The current financial snapshot provides a static view of performance, highlighting strong profitability and cash generation but lacking the temporal context to assess momentum or deceleration.

Risk assessment indicates low liquidity risk and low dilution risk, with no immediate filing-based flags detected. The company’s strong cash position and manageable debt levels mitigate financial distress risks. The low dilution risk is supported by the identical basic and diluted share counts of 781.31 million, suggesting no significant outstanding options or convertible securities that would impact earnings per share in the near term.

Recent observations include analyst estimates with a mean price target of 59.19 TRY and a median target of 58.50 TRY, implying significant upside potential from the current market price of 39.16 TRY. The mean recommendation is 2.00, with one strong buy, two buy, and one hold rating, indicating positive sentiment among covered analysts. No specific news events, filing observations, or transcript insights are provided to contextualize recent operational developments or strategic shifts.

Analysts project 40.8% upside to a mean price target of 59.19 TRY, signaling strong market confidence.

Cash conversion ratio of 2.23 places the company in the top quartile, indicating efficient cash generation.

Debt-to-equity ratio of 0.32 is below the cohort median of 0.4, reflecting a conservative capital structure.

Revenue declined 5.2% year-over-year to 47.7 billion TRY, marking the first contraction in the provided period.

Long-term debt increased to 4.46 billion TRY, reversing the previous trend of debt reduction seen in prior years.

Revenue TRY 14.36B; Operating income TRY 1.09B.

• ▍Revenue TRY 14.36B
• ▍Operating income TRY 1.09B
• ▍Net margin 2.4%

Revenue TRY 12.32B; Operating income TRY 1.65B.

• ▍Revenue TRY 12.32B
• ▍Operating income TRY 1.65B
• ▍Net margin 8.0%

Revenue TRY 9.92B; Operating income TRY 916.5M.

• ▍Revenue TRY 9.92B
• ▍Operating income TRY 916.5M
• ▍Net margin 6.9%

Revenue TRY 47.73B, −5,2% YoY; Operating income −10,7% YoY.

• ▍Revenue TRY 47.73B, −5,2% YoY
• ▍Operating income −10,7% YoY
• ▍Net income −35,6% YoY
• ▍Free cash flow −46,8% YoY
• ▍Net margin 4.8%

Revenue TRY 50.33B, +34,7% YoY; Operating income +26,9% YoY.

• ▍Revenue TRY 50.33B, +34,7% YoY
• ▍Operating income +26,9% YoY
• ▍Net income +40,4% YoY
• ▍Free cash flow +10,7% YoY
• ▍Net margin 7.1%

Revenue TRY 37.37B, +77,6% YoY; Operating income +80,5% YoY.

• ▍Revenue TRY 37.37B, +77,6% YoY
• ▍Operating income +80,5% YoY
• ▍Net income +33,0% YoY
• ▍Free cash flow +12,7% YoY
• ▍Net margin 6.8%

Revenue TRY 21.04B, +355,4% YoY; Operating income +268,0% YoY.

• ▍Revenue TRY 21.04B, +355,4% YoY
• ▍Operating income +268,0% YoY
• ▍Net income +375,9% YoY
• ▍Free cash flow +354,4% YoY
• ▍Net margin 9.1%

Revenue TRY 4.62B; Operating income TRY 749.9M.

• ▍Revenue TRY 4.62B
• ▍Operating income TRY 749.9M
• ▍Net margin 8.7%