Yatas Yatak ve Yorgan Sanayi Ticaret AS

The company's capital structure is characterized by a debt-to-equity ratio of 0.74, indicating a moderate reliance on debt financing. Its liquidity position is mixed, with a current ratio of 1.14 and a negative net cash position after subtracting total debt, suggesting potential short-term liquidity constraints. The price-to-book ratio is 1.0, and the price-to-tangible-book ratio is also 1.0, indicating that the market values the company's equity in line with its tangible book value. The company's return on equity (ROE) is 0.0031, and its return on assets (ROA) is 0.0014, both of which are significantly below the typical performance metrics for the home furnishings industry.

Profitability metrics show that the company's gross profit margin is 30.5%, calculated as gross profit of 1,492,379,910 TRY on revenue of 4,890,750,330 TRY. However, its operating margin is only 5.16%, with operating income of 252,498,190 TRY, and its net income margin is a mere 0.37%, with net income of 18,198,400 TRY. These figures suggest that the company is facing significant cost pressures and operational inefficiencies. The company's operating cash flow is 915,004,750 TRY, but its free cash flow is negative at -5,587,300 TRY, indicating that capital expenditures are consuming most of the operating cash flow.

Geographically, the company's revenue is concentrated in Turkey, with no disclosed international operations. The company operates in a single business segment focused on home furnishings, with no material diversification across product lines or geographic regions. This concentration increases the company's exposure to local economic conditions and regulatory changes in Turkey.

The company's growth trajectory is modest, with no disclosed revenue growth in the most recent period. The company's capital expenditures of 583,404,140 TRY were primarily used to maintain or expand its production capacity, but the negative free cash flow suggests that the company is not generating sufficient cash to fund these expenditures internally. Analysts have assigned a mean recommendation of 2.00, indicating a "buy" rating, but there are no strong buy recommendations, and the company has not attracted significant analyst attention.

The company faces several risk factors, including liquidity constraints and the potential for dilution. The risk assessment indicates a medium liquidity risk and a low dilution risk, but the negative net cash position after subtracting total debt is a key flag. The company has not disclosed any recent equity issuances or dilutive events, and its diluted shares outstanding are the same as its basic shares outstanding, indicating no material dilution pressure.

Recent events include the company's latest financial filing, which disclosed its financial position as of the most recent reporting period. The company has not issued any recent press releases or held earnings calls that would provide additional insight into its strategic direction or operational performance.

Operating margin of 5.2% significantly exceeds the 3.8% Home Furnishings cohort median, indicating superior operational efficiency.

Revenue grew at a robust 67.8% CAGR over four years, demonstrating strong top-line expansion capabilities.

Cash conversion of 50.28% ranks best-in-class within the cohort, highlighting exceptional working capital management.

Operating income increased 6.4% year-over-year, showing resilience in core profitability despite net income volatility.

The single analyst recommendation is a buy, suggesting professional confidence in the stock's future performance.

Debt-to-equity ratio of 0.74 sits in the bottom quartile, indicating significantly higher leverage than peers.

High credit risk flags suggest potential difficulties in meeting financial obligations or servicing existing debt.

Revenue TRY 19.54B, +53,2% YoY; Operating income +150,7% YoY.

• ▍Revenue TRY 19.54B, +53,2% YoY
• ▍Operating income +150,7% YoY
• ▍Net income +188,9% YoY
• ▍Free cash flow −21,0% YoY
• ▍Net margin 5.2%

Revenue TRY 12.76B, +346,2% YoY; Operating income +16,5% YoY.

• ▍Revenue TRY 12.76B, +346,2% YoY
• ▍Operating income +16,5% YoY
• ▍Net income +36,7% YoY
• ▍Free cash flow −95,0% YoY
• ▍Net margin 2.7%

Revenue TRY 2.86B; Operating income TRY 343.4M.

• ▍Revenue TRY 2.86B
• ▍Operating income TRY 343.4M
• ▍Net margin 9.0%