Kervan Gida Sanayi ve Ticaret AS

Kervan Gida has a debt-to-equity ratio of 0.81, indicating a moderate level of leverage, and a current ratio of 1.11, suggesting limited short-term liquidity. The company's cash and equivalents amount to 7.8 million TRY, which is significantly lower than its long-term debt of 3.7 billion TRY, resulting in a negative net cash position. This liquidity profile is classified as medium risk, with the company's free cash flow and operating cash flow both negative at -598.5 million TRY and -211.1 million TRY, respectively.

The company's profitability metrics are below the industry median. Return on equity (ROE) is 0.58%, and return on assets (ROA) is 0.26%, both of which are weak indicators of capital efficiency and asset utilization. These figures suggest that Kervan Gida is underperforming relative to its peers in terms of generating returns for shareholders and effectively deploying its assets.

Kervan Gida's revenue is concentrated in a single business segment, as disclosed in its financial statements, with no geographic diversification provided in the available data. This lack of diversification increases the company's exposure to regional economic fluctuations and market-specific risks.

The company's growth trajectory is uncertain, with no specific revenue growth projections provided in the available data. However, the negative operating and free cash flows indicate a lack of internal cash generation, which could constrain the company's ability to invest in growth initiatives or service its debt obligations.

The risk assessment highlights a medium liquidity risk and a low dilution risk. The company's negative net cash position is a key flag, indicating that it is not in a position to meet long-term obligations without external financing. No dilution sources are identified in the available data, and the dilution risk is classified as low.

Recent financial filings and transcripts do not provide specific details on strategic initiatives or operational changes. The company's financial performance and liquidity position suggest a need for careful monitoring of its capital structure and cash flow management.

Revenue grew at a 70.7% compound annual rate over four years, demonstrating strong top-line expansion.

Free cash flow improved by 81.5% year-over-year, indicating a positive trend in cash generation.

Gross profit reached 4.5 billion TRY in the latest period, showing robust gross margin performance.

Dilution risk is assessed as low, suggesting limited threat to existing shareholder equity value.

The company reported a net loss of 91.7 million TRY in the latest fiscal period.

Credit risk is flagged as high, signaling significant potential for financial distress or default.

Return on equity of 0.58% falls in the bottom quartile of the food processing cohort.

Debt-to-equity ratio of 0.81 is in the bottom quartile, indicating high leverage relative to peers.

Net margin of 0.77% is below the 3.95% median for the food processing industry cohort.

Revenue TRY 3.46B; Operating income TRY 92.0M.

• ▍Revenue TRY 3.46B
• ▍Operating income TRY 92.0M
• ▍Net margin 0.3%

Revenue TRY 3.80B; Operating income TRY 356.0M.

• ▍Revenue TRY 3.80B
• ▍Operating income TRY 356.0M
• ▍Net margin 0.7%

Revenue TRY 3.37B; Operating income TRY 242.4M.

• ▍Revenue TRY 3.37B
• ▍Operating income TRY 242.4M
• ▍Net margin -5.7%

Revenue TRY 3.50B; Operating income TRY 392.6M.

• ▍Revenue TRY 3.50B
• ▍Operating income TRY 392.6M
• ▍Net margin 0.8%

Revenue TRY 14.87B, +25,5% YoY; Operating income −21,9% YoY.

• ▍Revenue TRY 14.87B, +25,5% YoY
• ▍Operating income −21,9% YoY
• ▍Net income −133,2% YoY
• ▍Free cash flow −893,8% YoY
• ▍Net margin -0.8%

Revenue TRY 11.85B, +36,7% YoY; Operating income +56,2% YoY.

• ▍Revenue TRY 11.85B, +36,7% YoY
• ▍Operating income +56,2% YoY
• ▍Net income +914,4% YoY
• ▍Free cash flow +62,0% YoY
• ▍Net margin 3.0%

Revenue TRY 8.67B, +369,1% YoY; Operating income +131,6% YoY.

• ▍Revenue TRY 8.67B, +369,1% YoY
• ▍Operating income +131,6% YoY
• ▍Net income −74,0% YoY
• ▍Free cash flow −4 884,7% YoY
• ▍Net margin 0.4%

Revenue TRY 1.85B; Operating income TRY 395.6M.

• ▍Revenue TRY 1.85B
• ▍Operating income TRY 395.6M
• ▍Net margin 7.2%