Company Valuation: Bera Holding

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 6,928 3,320 10,282 7,843 10,200 11,956
Change - -52.07% 209.67% -23.72% 30.05% 17.21%
Enterprise Value (EV) 1 7,651 3,239 10,110 7,082 9,145 11,129
Change - -57.67% 212.16% -29.95% 29.13% 21.69%
P/E 19.7x 4.45x 5.51x 2.63x 12.8x 72.8x
PBR 2.98x 0.92x 1.33x 0.52x 0.45x 0.4x
PEG - 0x 0x 0x -0.2x -0.9x
Capitalization / Revenue 2.45x 0.79x 1.2x 0.61x 0.61x 0.62x
EV / Revenue 2.71x 0.77x 1.18x 0.55x 0.55x 0.58x
EV / EBITDA 13.8x 4.31x 5.21x 3.96x 3.73x 4.42x
EV / EBIT 16.5x 5.15x 5.63x 4.61x 4.28x 5.19x
EV / FCF -462x -17.9x -15.6x 4.56x 10.1x 12.5x
FCF Yield -0.22% -5.59% -6.4% 21.9% 9.87% 8.02%
Dividend per Share 2 - 0.05 0.05 - - -
Rate of return - 1.03% 0.33% - - -
EPS 2 0.5157 1.092 2.732 4.365 1.167 0.2404
Distribution rate - 4.58% 1.83% - - -
Net sales 1 2,823 4,217 8,596 12,853 16,663 19,130
EBITDA 1 555.9 752.2 1,942 1,787 2,452 2,517
EBIT 1 462.8 628.3 1,794 1,535 2,138 2,144
Net income 1 352.3 746.5 1,866 2,982 797.1 164.3
Net Debt 1 723 -81.65 -172.1 -761 -1,055 -827.2
Reference price 2 10.14 4.86 15.05 11.48 14.93 17.50
Nbr of stocks (in thousands) 683,200 683,200 683,200 683,200 683,200 683,200
Announcement Date 3/10/21 3/10/22 3/10/23 5/20/24 3/11/25 3/11/26
1TRY in Million2TRY
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 160M
20.54x - - -.--% 1,082B
25.54x2.06x12.66x1.08% 158B
22.67x3.78x12.99x1.86% 87.44B
29.82x2.18x16.36x0.77% 83.22B
23.94x5.14x17.51x2.36% 78.13B
19.85x1.6x11.3x1.24% 68.14B
31.54x3.88x17.61x2.97% 67.37B
48.61x2.97x15.3x2.58% 27.52B
Average 27.82x 3.09x 14.82x 1.61% 183.55B
Weighted average by Cap. 22.65x 2.97x 14.47x 0.57%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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