Company Valuation: Alkim Alkali Kimya

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 2,235 2,530 5,877 5,112 5,712 5,520
Change - 13.22% 132.25% -13.02% 11.74% -3.36%
Enterprise Value (EV) 1 2,089 2,271 5,707 4,491 5,355 5,492
Change - 8.69% 151.36% -21.32% 19.24% 2.57%
P/E 11.2x 10.2x 10.3x 18.9x -41.9x -13.5x
PBR 4.48x 3.79x 5.34x 1.99x 1.6x 1.3x
PEG - 0.4x 0x -0.4x 0x -0x
Capitalization / Revenue 2.96x 2.31x 2.1x 1.27x 1.22x 1.08x
EV / Revenue 2.77x 2.07x 2.04x 1.12x 1.14x 1.08x
EV / EBITDA 9.12x 8.55x 7.38x 6.84x 12.1x 14x
EV / EBIT 10.1x 9.37x 7.7x 8.6x 22.3x 42.8x
EV / FCF 16.7x 6,822x -44.3x 4.36x -14.2x -20.3x
FCF Yield 6% 0.01% -2.26% 22.9% -7.04% -4.92%
Dividend per Share 2 - - 0.463 - - -
Rate of return - - 2.36% - - -
EPS 2 0.664 0.8271 1.908 0.9036 -0.4549 -1.361
Distribution rate - - 24.3% - - -
Net sales 1 754.1 1,096 2,797 4,026 4,688 5,099
EBITDA 1 229.1 265.5 773.7 656.6 441.5 391
EBIT 1 207.8 242.4 741.6 521.9 239.6 128.4
Net income 1 199.2 248.1 572.3 271.1 -136.5 -408.3
Net Debt 1 -146 -259.9 -169.5 -621.2 -356.9 -27.56
Reference price 2 7.45 8.44 19.59 17.04 19.04 18.40
Nbr of stocks (in thousands) 300,000 300,000 300,000 300,000 300,000 300,000
Announcement Date 2/25/21 2/24/22 2/28/23 3/27/24 3/11/25 3/12/26
1TRY in Million2TRY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 114M
14.16x1.54x9.2x6.44% 14.03B
5.55x2.25x5.26x3.74% 10.11B
19.42x2.33x11.41x3.19% 4.75B
18.97x0.84x10.99x4.29% 4.38B
9.75x2.18x6.01x5.61% 4.18B
16.23x1.04x6.6x1.29% 2.9B
14.25x1.6x7.69x6.89% 2.56B
10.14x - - 3.46% 1.99B
7.95x0.88x3.82x2.39% 1.85B
Average 12.94x 1.58x 7.62x 4.15% 4.69B
Weighted average by Cap. 12.61x 1.72x 7.94x 4.67%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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