Cash flow Ayen Enerji

Equities

AYEN

TRAAYENW91L0

Electric Utilities

Market Closed - Borsa Istanbul Other stock markets 08:38:03 20/09/2024 pm IST			5-day change	1st Jan Change
30.16 ^TRY	-0.46%		+5.09%	+24.94%

14/06	Ayen Enerji A.S. Reports Earnings Results for the First Quarter Ended March 31, 2024	CI
20/05	Ayen Enerji A.S. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

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Published financial data: AYEN ENERJI

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues - (Utility Template)	51Cr	57Cr	157.45Cr	679.03Cr	528.62Cr
Total Revenues	51Cr	57Cr	157.45Cr	679.03Cr	528.62Cr
Selling General & Admin Expenses, Total	2.38Cr	2.83Cr	3.28Cr	6.86Cr	23Cr
Other Operating Expenses	30Cr	37Cr	103.93Cr	458.63Cr	422.67Cr
Total Operating Expenses	33Cr	40Cr	107.21Cr	465.49Cr	445.74Cr
Operating Income (REIT / Utility Template)	18Cr	17Cr	50Cr	213.54Cr	83Cr
Interest Expense, Total	-13Cr	-14Cr	-16Cr	-25Cr	-45Cr
Interest and Investment Income	4.05Cr	6.37Cr	20Cr	36Cr	79Cr
Net Interest Expenses	-9.11Cr	-7.31Cr	3.69Cr	11Cr	35Cr
Currency Exchange Gains (Loss)	-5.14Cr	-18Cr	-39Cr	-29Cr	-33Cr
Other Non Operating Income (Expenses)	-44.01L	-11.66L	-21.57L	-48.09L	36Cr
EBT, Excl. Unusual Items	3.78Cr	-8.13Cr	14Cr	194.9Cr	120.49Cr
Gain (Loss) on Sale of Investments	-	-	-3L	-	-3.2Cr
Insurance Settlements	48.12L	-	-	-	-
EBT, Incl. Unusual Items	4.26Cr	-8.13Cr	14Cr	194.9Cr	117.29Cr
Income Tax Expense	2.22Cr	1.84Cr	1.32Cr	29Cr	-17Cr
Earnings From Continuing Operations	2.04Cr	-9.98Cr	13Cr	165.51Cr	134.22Cr
Earnings Of Discontinued Operations	-	-	-	-	-
Net Income to Company	2.04Cr	-9.98Cr	13Cr	165.51Cr	134.22Cr
Minority Interest	7L	82.32L	-1.78Cr	-6.2Cr	-22Cr
Net Income - (IS)	2.1Cr	-9.15Cr	11Cr	159.32Cr	112.21Cr
Net Income to Common Incl Extra Items	2.1Cr	-9.15Cr	11Cr	159.32Cr	112.21Cr
Net Income to Common Excl. Extra Items	2.1Cr	-9.15Cr	11Cr	159.32Cr	112.21Cr
Per Share Items
Net EPS - Basic	0.1	-0.33	0.4	5.74	4.04
Basic EPS - Continuing Operations	0.1	-0.33	0.4	5.74	4.04
Basic Weighted Average Shares Outstanding	21Cr	28Cr	28Cr	28Cr	28Cr
Net EPS - Diluted	0.1	-0.33	0.4	5.74	4.04
Diluted EPS - Continuing Operations	0.1	-0.33	0.4	5.74	4.04
Diluted Weighted Average Shares Outstanding	21Cr	28Cr	28Cr	28Cr	28Cr
Normalized Basic EPS	0.12	-0.15	0.26	4.17	1.92
Normalized Diluted EPS	0.12	-0.15	0.26	4.17	1.92
Dividend Per Share	-	-	0.11	0.98	-
Payout Ratio	-	-	-	0.6	34.7
Supplemental Items
EBITDA	26Cr	26Cr	62Cr	231.66Cr	133.06Cr
EBITA	18Cr	17Cr	50Cr	213.58Cr	83Cr
EBIT	18Cr	17Cr	50Cr	213.54Cr	83Cr
Effective Tax Rate - (Ratio)	52.17	-22.67	9.24	15.08	-14.43
Current Domestic Taxes	-	-	1.23Cr	6.2Cr	17Cr
Current Foreign Taxes	-	-	49.94L	15Cr	5.22Cr
Total Current Taxes	1.42Cr	1.71Cr	1.73Cr	21Cr	23Cr
Deferred Domestic Taxes	-	-	-1.2Cr	2.47Cr	-41Cr
Deferred Foreign Taxes	-	-	78.22L	5.98Cr	96.58L
Total Deferred Taxes	80.05L	13.24L	-41.55L	8.45Cr	-40Cr
Normalized Net Income	2.43Cr	-4.26Cr	7.15Cr	115.62Cr	53Cr
Interest on Long-Term Debt	30.62L	64.11L	57.83L	1.13Cr	4.66Cr
Supplemental Operating Expense Items
General and Administrative Expenses	2.38Cr	2.83Cr	3.28Cr	6.86Cr	23Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	1.96Cr	7.15Cr	24Cr	199.88Cr	36Cr
Accounts Receivable, Total	5.21Cr	9.13Cr	34Cr	55Cr	46Cr
Other Receivables	19.01L	22.86L	1.78Cr	28Cr	92Cr
Accounts Receivable (Summary Subtotal)	5.4Cr	9.36Cr	35Cr	83Cr	137.84Cr
Inventory - (Utility Template)	-	-	1Cr	-	-
Prepaid Expenses	39.4L	45.11L	1.48Cr	4.97Cr	4.26Cr
Other Current Assets, Total	10Cr	3.37Cr	11Cr	34Cr	14Cr
Total Current Assets	18Cr	20Cr	73Cr	321.89Cr	192.16Cr
Gross Property Plant And Equipment	244.55Cr	323.21Cr	494.2Cr	669.58Cr	1.67TCr
Accumulated Depreciation	-30Cr	-44Cr	-79Cr	-115.62Cr	-450.38Cr
Net Property Plant And Equipment	214.8Cr	279.19Cr	415.65Cr	553.95Cr	1.22TCr
Goodwill	1.75Cr	1.75Cr	1.75Cr	1.75Cr	1.01Cr
Other Intangibles, Total	88.64L	9L	13.1L	3L	10L
Long-Term Investments - (Utility Template)	4L	4L	4L	4L	4L
Accounts Receivable Long-Term	15Cr	14Cr	20Cr	20Cr	12Cr
Loans Receivable Long-Term - (Utility Template)	6.49Cr	9.65Cr	17Cr	23Cr	34Cr
Deferred Tax Assets Long-Term (Collected)	3.69Cr	4.73Cr	7.09Cr	5.63Cr	20Cr
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	4.22Cr	2.25Cr	23Cr	36Cr	167.4Cr
Total Assets	264.76Cr	332.17Cr	557.6Cr	962.33Cr	1.64TCr
Liabilities
Accounts Payable, Total	1.74Cr	2.69Cr	10Cr	26Cr	9.87Cr
Accrued Expenses, Total	45.44L	85.65L	3.9Cr	17Cr	10Cr
Short-Term Borrowings	18Cr	24Cr	43Cr	33Cr	35Cr
Current Portion of Long-Term Debt	21Cr	25Cr	53Cr	60Cr	93Cr
Current Portion of Leases	90.85L	1.02Cr	1.25Cr	2.5Cr	4.29Cr
Current Income Taxes Payable	1.33Cr	1.66Cr	1.74Cr	20Cr	9.21Cr
Unearned Revenue, Current	72.94L	79.42L	4.44Cr	7L	-
Other Current Liabilities - (Bank / Utility Template)	1.49Cr	3.53Cr	20.22L	62Cr	40.28L
Total Current Liabilities	46Cr	59Cr	117.85Cr	220.71Cr	162.27Cr
Long-Term Debt	135.71Cr	178.3Cr	248.9Cr	282.98Cr	385.96Cr
Long-Term Leases	2.61Cr	1.86Cr	1.86Cr	11Cr	16Cr
Unearned Revenue Non Current	1.5Cr	77.94L	6L	-	-
Pension & Other Post Retirement Benefits	42.97L	44.9L	57.66L	1.36Cr	2.05Cr
Deferred Tax Liability Non-Current	3.35Cr	4.53Cr	6.99Cr	14Cr	30Cr
Other Non Current Liabilities, Total	4L	4L	4L	4L	27.14T
Total Liabilities	189.25Cr	245.14Cr	376.28Cr	530.88Cr	596Cr
Common Stock, Total	28Cr	28Cr	28Cr	28Cr	28Cr
Additional Paid In Capital	2L	2L	2L	2L	6L
Retained Earnings	2.89Cr	-7.03Cr	4.13Cr	160.31Cr	452.74Cr
Comprehensive Income and Other	38Cr	58Cr	133.09Cr	215.56Cr	487.57Cr
Total Common Equity	69Cr	79Cr	165Cr	403.64Cr	968.13Cr
Minority Interest	6.84Cr	8.12Cr	16Cr	28Cr	79Cr
Total Equity	76Cr	87Cr	181.32Cr	431.45Cr	1.05TCr
Total Liabilities And Equity	264.76Cr	332.17Cr	557.6Cr	962.33Cr	1.64TCr
Supplemental Items
ECS Total Shares Outstanding on Filing Date	28Cr	28Cr	28Cr	28Cr	28Cr
ECS Total Common Shares Outstanding	28Cr	28Cr	28Cr	28Cr	28Cr
Book Value / Share	2.47	2.84	5.95	14.55	34.89
Tangible Book Value	66Cr	77Cr	163.12Cr	401.86Cr	967.02Cr
Tangible Book Value Per Share	2.38	2.78	5.88	14.48	34.85
Total Debt	178.18Cr	229.8Cr	347.95Cr	389.87Cr	534.06Cr
Net Debt	176.23Cr	222.65Cr	323.58Cr	189.99Cr	498.44Cr
Minority Interest, Total (Incl. Fin. Div)	6.84Cr	8.12Cr	16Cr	28Cr	79Cr
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	7.58Cr	7.58Cr	1.64Cr	2.4Cr	5.89Cr
Buildings, Total	73.32L	73.32L	43.84L	43.84L	5.48Cr
Machinery, Total	232.28Cr	311.37Cr	486.59Cr	659.83Cr	1.61TCr
Full Time Employees	265	249	255	254	258
Accumulated Allowance for Doubtful Accounts (Supple)	19.96L	22.49L	27.96L	33.81L	40.65L

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	2.1Cr	-9.15Cr	11Cr	159.32Cr	112.21Cr
Depreciation, Depletion & Amortization	7.23Cr	8.68Cr	12Cr	18Cr	51Cr
Amortization of Goodwill and Intangible Assets - (CF)	3L	1L	98.92T	4L	3L
Total Depreciation, Depletion & Amortization	7.26Cr	8.7Cr	12Cr	18Cr	51Cr
Amortization of Deferred Charges, Total	22.5L	22.5L	22.51L	31.4L	2.4Cr
(Gain) Loss On Sale of Asset - (CF)	-71.94L	-71.94L	-69.2L	-77.94L	-
Total Asset Writedown	-25L	1.63Cr	-35L	-13Cr	-15Cr
Provision and Write-off of Bad Debts	1L	54.42T	2L	1L	2.94Cr
Change in Accounts Receivable	5.22Cr	-1.76Cr	-16Cr	4.53Cr	171.65Cr
Change in Accounts Payable	-4.09Cr	-42.77L	4.51Cr	9.34Cr	-157.86Cr
Change in Unearned Revenues	-28.15L	6L	3.64Cr	-3.65Cr	-10.99L
Change in Other Net Operating Assets (Collected)	-1.45Cr	11Cr	-19Cr	-51Cr	-19Cr
Other Operating Activities	21Cr	31Cr	57Cr	129.53Cr	-366.42Cr
Net Cash From Discontinued Operations	-	-	-	-	-
Cash from Operations	29Cr	41Cr	52Cr	253.15Cr	-218.39Cr
Capital Expenditure	-48.47L	-18Cr	-8L	-6.39Cr	-16Cr
Sale of Property, Plant, and Equipment	-	-	75.74T	-	-
Divestitures	-	-	-	-	-
Purchase / Sale of Intangible Assets	-34.69T	-31.73T	-20.57T	-2L	-2L
Sale (Purchase) of Real Estate Properties (Collected)	-61.95T	-	-	-	-
Other Investing Activities, Total	-9L	2.12Cr	-	-	-
Cash from Investing	-58.54L	-16Cr	-8L	-6.41Cr	-16Cr
Long-Term Debt Issued, Total	19Cr	41Cr	41Cr	103.96Cr	98Cr
Total Debt Issued	19Cr	41Cr	41Cr	103.96Cr	98Cr
Long-Term Debt Repaid, Total	-43Cr	-50Cr	-65Cr	-163.48Cr	-201.07Cr
Total Debt Repaid	-43Cr	-50Cr	-65Cr	-163.48Cr	-201.07Cr
Issuance of Common Stock	1.62Cr	-	-	-	-
Common Dividends Paid	-	-	-	-95.33L	-39Cr
Common & Preferred Stock Dividends Paid	-	-	-	-95.33L	-39Cr
Other Financing Activities, Total	-17Cr	-12Cr	-14Cr	-19Cr	-29Cr
Cash from Financing	-39Cr	-21Cr	-38Cr	-79Cr	-171.49Cr
Foreign Exchange Rate Adjustments	18.47L	59.73L	3.36Cr	7.79Cr	111.96Cr
Net Change in Cash	-10Cr	5.2Cr	17Cr	175.51Cr	-293.73Cr
Supplemental Items
Cash Interest Paid	18Cr	13Cr	15Cr	23Cr	39Cr
Cash Income Tax Paid (Refund)	77.3L	1.38Cr	1.7Cr	6.87Cr	58Cr
Net Debt Issued / Repaid	-23Cr	-9.24Cr	-24Cr	-60Cr	-103.53Cr
Levered Free Cash Flow	1.1Cr	-12.16L	8.9Cr	161.08Cr	-70Cr
Unlevered Free Cash Flow	9.1Cr	8.21Cr	19Cr	176.61Cr	-44Cr
Change In Net Working Capital	9.21Cr	-6.85Cr	24Cr	-31Cr	130.95Cr

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	4.34	3.58	7.06	17.56	2.96
Return on Total Capital	4.68	3.74	7.42	19.76	3.29
Return On Equity %	3.11	-12.28	9.64	54.02	13.59
Return on Common Equity	3.61	-12.4	9.16	56.03	12.25
Margin Analysis
Gross Profit Margin %	38.39	33.33	36.03	37.86	19.73
SG&A Margin	4.63	4.99	2.08	1.01	4.36
EBITDA Margin %	49.96	45.23	39.41	34.12	25.17
EBITA Margin %	36.05	30.1	31.92	31.45	15.69
EBIT Margin %	35.98	30.07	31.91	31.45	15.68
Income From Continuing Operations Margin %	3.97	-17.56	8.22	24.37	25.39
Net Income Margin %	4.1	-16.11	7.09	23.46	21.23
Net Avail. For Common Margin %	4.1	-16.11	7.09	23.46	21.23
Normalized Net Income Margin	4.73	-7.5	4.54	17.03	10.08
Levered Free Cash Flow Margin	2.14	-0.21	5.65	23.72	-13.16
Unlevered Free Cash Flow Margin	17.74	14.45	12.04	26.01	-8.33
Asset Turnover
Asset Turnover	0.19	0.19	0.35	0.89	0.3
Fixed Assets Turnover	0.24	0.23	0.45	1.4	0.44
Receivables Turnover (Average Receivables)	7.18	8.19	7.38	15.35	7.77
Short Term Liquidity
Current Ratio	0.4	0.34	0.62	1.46	1.18
Quick Ratio	0.16	0.28	0.51	1.28	1.07
Operating Cash Flow to Current Liabilities	0.64	0.7	0.44	1.15	-1.35
Days Sales Outstanding (Average Receivables)	50.82	44.69	49.44	23.78	46.97
Average Days Payable Outstanding	43.81	19.51	-	15.72	22.65
Long Term Solvency
Total Debt/Equity	236	264.06	191.9	90.36	50.98
Total Debt / Total Capital	70.24	72.53	65.74	47.47	33.77
LT Debt/Equity	183.2	207.01	138.29	68.24	38.34
Long-Term Debt / Total Capital	54.52	56.86	47.38	35.84	25.4
Total Liabilities / Total Assets	71.48	73.8	67.48	55.17	36.26
EBIT / Interest Expense	1.4	1.25	3.05	8.42	1.86
EBITDA / Interest Expense	1.95	1.88	3.78	9.15	3
(EBITDA - Capex) / Interest Expense	1.92	0.57	3.78	8.9	2.64
Total Debt / EBITDA	6.93	8.91	5.59	1.68	3.99
Net Debt / EBITDA	6.85	8.64	5.2	0.82	3.73
Total Debt / (EBITDA - Capex)	7.06	29.61	5.6	1.73	4.53
Net Debt / (EBITDA - Capex)	6.98	28.69	5.21	0.84	4.22
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-34.07	10.72	177.19	331.26	-54.57
Gross Profit, 1 Yr. Growth %	15.74	-3.9	199.66	353.23	-75.44
EBITDA, 1 Yr. Growth %	17.99	0.22	141.54	273.33	-66.78
EBITA, 1 Yr. Growth %