Financials Mazhar Zorlu Holding

Equities

MZHLD

TRAMZHLD94Q2

Non-Paper Containers & Packaging

Delayed Borsa Istanbul 08:39:59 14/06/2024 pm IST 5-day change 1st Jan Change
7.72 TRY 0.00% Intraday chart for Mazhar Zorlu Holding +2.66% -1.03%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 18.69 59.31 154.4 152.7 510.6 383.3
Enterprise Value (EV) 1 21.05 64.69 80.56 150.3 430.9 409
P/E ratio 1.84 x 26.9 x 7.14 x -12.4 x 27.2 x -163 x
Yield - - - - - -
Capitalization / Revenue 0.09 x 0.3 x 0.58 x 0.35 x 0.66 x 0.26 x
EV / Revenue 0.1 x 0.33 x 0.3 x 0.35 x 0.56 x 0.27 x
EV / EBITDA 0.61 x 3.06 x 2.51 x 4.46 x 6.8 x 5.9 x
EV / FCF 1.54 x -4.62 x -10.5 x -2.1 x -14.2 x -3.49 x
FCF Yield 64.8% -21.6% -9.48% -47.7% -7.06% -28.6%
Price to Book -7.17 x -65.2 x 7.45 x 3.6 x 2.41 x 9.8 x
Nbr of stocks (in thousands) 49,143 49,143 49,143 49,143 49,143 49,143
Reference price 2 0.3803 1.207 3.142 3.106 10.39 7.800
Announcement Date 07/03/19 06/03/20 25/02/21 11/03/22 13/03/23 20/05/24
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 217.9 195.5 268.4 431 774.1 1,493
EBITDA 1 34.39 21.13 32.13 33.7 63.33 69.36
EBIT 1 32.92 19.48 30.01 27.94 55.18 37.5
Operating Margin 15.11% 9.96% 11.18% 6.48% 7.13% 2.51%
Earnings before Tax (EBT) 1 48.69 3.917 99.65 -54.93 110.5 -2.567
Net income 1 22.43 4.869 47.8 -27.25 41.44 -5.188
Net margin 10.29% 2.49% 17.81% -6.32% 5.35% -0.35%
EPS 2 0.2066 0.0449 0.4403 -0.2510 0.3817 -0.0478
Free Cash Flow 1 13.65 -13.99 -7.641 -71.69 -30.44 -117.1
FCF margin 6.26% -7.16% -2.85% -16.63% -3.93% -7.84%
FCF Conversion (EBITDA) 39.69% - - - - -
FCF Conversion (Net income) 60.84% - - - - -
Dividend per Share - - - - - -
Announcement Date 07/03/19 06/03/20 25/02/21 11/03/22 13/03/23 20/05/24
1TRY in Million2TRY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 2.36 5.38 - - - 25.6
Net Cash position 1 - - 73.9 2.33 79.7 -
Leverage (Debt/EBITDA) 0.0685 x 0.2547 x - - - 0.3696 x
Free Cash Flow 1 13.6 -14 -7.64 -71.7 -30.4 -117
ROE (net income / shareholders' equity) 133% 5.16% 77.8% -30.7% 10.4% 2.22%
ROA (Net income/ Total Assets) 13.3% 7.49% 8.25% 4.59% 3.58% 0.88%
Assets 1 168.8 65 579.1 -593.1 1,158 -592.3
Book Value Per Share 2 -0.0500 -0.0200 0.4200 0.8600 4.310 0.8000
Cash Flow per Share 2 0.0300 0.0600 0.7200 0.2600 0.9500 0.1000
Capex 1 2.01 1.57 5.53 150 12.7 51.4
Capex / Sales 0.92% 0.8% 2.06% 34.79% 1.64% 3.44%
Announcement Date 07/03/19 06/03/20 25/02/21 11/03/22 13/03/23 20/05/24
1TRY in Million2TRY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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