Financials Borusan Mannesmann Boru Sanayi ve Ticaret

Equities

BRSAN

TRABRSAN91G8

Iron & Steel

Market Closed - Borsa Istanbul 08:39:26 27/06/2024 pm IST 5-day change 1st Jan Change
461.2 TRY +0.93% Intraday chart for Borusan Mannesmann Boru Sanayi ve Ticaret -5.82% -21.95%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,106 1,623 3,941 3,827 11,914 83,774
Enterprise Value (EV) 1 2,457 3,256 5,998 6,660 19,720 90,233
P/E ratio 3.9 x 24.6 x -375 x 40.6 x 8.83 x 20.4 x
Yield - - - - - -
Capitalization / Revenue 0.23 x 0.35 x 1.06 x 0.52 x 0.54 x 1.99 x
EV / Revenue 0.5 x 0.71 x 1.61 x 0.91 x 0.89 x 2.14 x
EV / EBITDA 4 x 8.11 x 17.1 x 12.1 x 6.9 x 13.7 x
EV / FCF -10.7 x -24.6 x -28.4 x -24.1 x -4.06 x -92.5 x
FCF Yield -9.3% -4.06% -3.53% -4.16% -24.6% -1.08%
Price to Book 0.4 x 0.56 x 1.11 x 0.58 x 1 x 3.36 x
Nbr of stocks (in thousands) 1,41,750 1,41,750 1,41,750 1,41,750 1,41,750 1,41,750
Reference price 2 7.800 11.45 27.80 27.00 84.05 591.0
Announcement Date 28/02/19 03/03/20 05/03/21 02/03/22 24/02/23 01/03/24
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 4,883 4,574 3,729 7,330 22,205 42,175
EBITDA 1 614.9 401.4 351.4 550.3 2,858 6,571
EBIT 1 482.3 242.3 149.4 289.9 2,346 5,663
Operating Margin 9.88% 5.3% 4.01% 3.95% 10.57% 13.43%
Earnings before Tax (EBT) 1 355.5 81.09 3.304 84.9 1,759 4,964
Net income 1 283.2 66.01 -10.5 94.32 1,350 4,103
Net margin 5.8% 1.44% -0.28% 1.29% 6.08% 9.73%
EPS 2 1.998 0.4657 -0.0741 0.6654 9.522 28.94
Free Cash Flow 1 -228.6 -132.2 -211.5 -276.9 -4,860 -975.7
FCF margin -4.68% -2.89% -5.67% -3.78% -21.89% -2.31%
FCF Conversion (EBITDA) - - - - - -
FCF Conversion (Net income) - - - - - -
Dividend per Share - - - - - -
Announcement Date 28/02/19 03/03/20 05/03/21 02/03/22 24/02/23 01/03/24
1TRY in Million2TRY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,351 1,633 2,057 2,833 7,806 6,458
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.198 x 4.068 x 5.856 x 5.148 x 2.732 x 0.9829 x
Free Cash Flow 1 -229 -132 -212 -277 -4,860 -976
ROE (net income / shareholders' equity) 12.3% 2.56% -0.33% 1.85% 14.6% 22.3%
ROA (Net income/ Total Assets) 5.49% 2.2% 1.25% 1.48% 6.65% 8.48%
Assets 1 5,161 2,998 -842.2 6,382 20,286 48,402
Book Value Per Share 2 19.50 20.40 25.00 46.90 83.60 176.0
Cash Flow per Share 2 5.490 6.670 5.570 15.90 10.60 26.90
Capex 1 152 309 159 205 693 1,882
Capex / Sales 3.11% 6.75% 4.26% 2.8% 3.12% 4.46%
Announcement Date 28/02/19 03/03/20 05/03/21 02/03/22 24/02/23 01/03/24
1TRY in Million2TRY
Estimates
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