Financials Arena Bilgisayar Sanayi ve Ticaret

Equities

ARENA

TRAARENA91U1

Integrated Hardware & Software

Delayed Borsa Istanbul 03:52:56 09/05/2024 pm IST 5-day change 1st Jan Change
48.48 TRY -3.52% Intraday chart for Arena Bilgisayar Sanayi ve Ticaret -10.96% +53.68%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 141.1 241 1,101 1,303 2,124 3,152
Enterprise Value (EV) 1 187.9 272 1,280 1,856 2,426 4,979
P/E ratio 200 x 7.83 x 17 x 19.4 x 19.4 x 13.8 x
Yield - - - - - -
Capitalization / Revenue 0.06 x 0.08 x 0.22 x 0.21 x 0.12 x 0.11 x
EV / Revenue 0.08 x 0.09 x 0.25 x 0.31 x 0.14 x 0.17 x
EV / EBITDA 6.18 x 3.42 x 8.1 x 10.6 x 3.96 x 4.44 x
EV / FCF -2.78 x -15.2 x -6.02 x -5.25 x 11.6 x -3.06 x
FCF Yield -36% -6.58% -16.6% -19% 8.59% -32.7%
Price to Book 0.38 x 0.54 x 1.89 x 1.6 x 2.16 x 2.09 x
Nbr of stocks (in thousands) 1,00,000 1,00,000 1,00,000 1,00,000 1,00,000 1,00,000
Reference price 2 1.411 2.410 11.01 13.03 21.24 31.52
Announcement Date 05/02/19 06/02/20 09/02/21 22/02/22 16/02/23 12/02/24
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 2,211 3,074 5,102 6,071 17,259 28,762
EBITDA 1 30.39 79.5 158.1 174.3 613.4 1,120
EBIT 1 27.79 76.29 155.5 170.4 589.3 1,076
Operating Margin 1.26% 2.48% 3.05% 2.81% 3.41% 3.74%
Earnings before Tax (EBT) 1 5.62 35.02 104.2 109.5 178.5 325.4
Net income 1 0.705 30.79 64.64 67.15 109.5 228.9
Net margin 0.03% 1% 1.27% 1.11% 0.63% 0.8%
EPS 2 0.007050 0.3079 0.6464 0.6715 1.095 2.289
Free Cash Flow 1 -67.67 -17.91 -212.8 -353.3 208.3 -1,627
FCF margin -3.06% -0.58% -4.17% -5.82% 1.21% -5.66%
FCF Conversion (EBITDA) - - - - 33.96% -
FCF Conversion (Net income) - - - - 190.22% -
Dividend per Share - - - - - -
Announcement Date 05/02/19 06/02/20 09/02/21 22/02/22 16/02/23 12/02/24
1TRY in Million2TRY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 46.8 31 179 553 302 1,827
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.538 x 0.3902 x 1.134 x 3.171 x 0.4924 x 1.631 x
Free Cash Flow 1 -67.7 -17.9 -213 -353 208 -1,627
ROE (net income / shareholders' equity) 0.05% 7.43% 12.6% 9.6% 12.2% 18.4%
ROA (Net income/ Total Assets) 1.97% 4.54% 6.8% 3.78% 6.68% 7.22%
Assets 1 35.76 678.4 950.4 1,776 1,639 3,169
Book Value Per Share 2 3.690 4.450 5.840 8.140 9.840 15.10
Cash Flow per Share 2 0.5000 1.370 2.270 4.950 12.00 10.80
Capex 1 0.79 1.43 3.08 6.52 6 13.2
Capex / Sales 0.04% 0.05% 0.06% 0.11% 0.03% 0.05%
Announcement Date 05/02/19 06/02/20 09/02/21 22/02/22 16/02/23 12/02/24
1TRY in Million2TRY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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