Financials Formet Metal ve Cam Sanayi

Equities

FORMT

TREFRMT00015

Construction Supplies & Fixtures

Market Closed - Borsa Istanbul 11:09:47 2024-06-27 EDT 5-day change 1st Jan Change
3.2 TRY +4.23% Intraday chart for Formet Metal ve Cam Sanayi +3.56% +34.45%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 76.81 228 361 268.1 536.3 1,281
Enterprise Value (EV) 1 125.3 266.2 396.4 250.8 599.4 1,377
P/E ratio 9.76 x -13 x 62.8 x 203 x -101 x -8.71 x
Yield - - - - - -
Capitalization / Revenue 0.75 x 2.87 x 2.8 x 1.55 x 1.84 x 2.65 x
EV / Revenue 1.22 x 3.35 x 3.07 x 1.45 x 2.06 x 2.85 x
EV / EBITDA 5.37 x -39.4 x 17.1 x 25.8 x 25.4 x 44.9 x
EV / FCF -3.2 x 8.62 x 29.4 x -2.2 x -16.9 x -5.22 x
FCF Yield -31.3% 11.6% 3.4% -45.5% -5.9% -19.2%
Price to Book 0.99 x 4.21 x 6.03 x 1.18 x 1.39 x 1.39 x
Nbr of stocks (in thousands) 76,001 76,000 76,000 246,000 246,000 538,131
Reference price 2 1.011 3.000 4.750 1.090 2.180 2.380
Announcement Date 2/28/19 3/1/21 3/1/21 2/23/22 2/25/23 4/19/24
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 102.7 79.53 129.1 173 291.3 483.8
EBITDA 1 23.33 -6.75 23.17 9.735 23.61 30.65
EBIT 1 20.81 -9.476 20.94 5.856 15.59 3.779
Operating Margin 20.25% -11.92% 16.22% 3.39% 5.35% 0.78%
Earnings before Tax (EBT) 1 9.17 -22.34 8.173 -0.4605 -12.7 -111.8
Net income 1 8.057 -17.52 5.75 1.063 -4.469 -104.1
Net margin 7.84% -22.03% 4.45% 0.61% -1.53% -21.53%
EPS 2 0.1035 -0.2305 0.0757 0.005369 -0.0215 -0.2732
Free Cash Flow 1 -39.19 30.87 13.46 -114.1 -35.37 -263.8
FCF margin -38.14% 38.82% 10.43% -65.99% -12.14% -54.52%
FCF Conversion (EBITDA) - - 58.1% - - -
FCF Conversion (Net income) - - 234.12% - - -
Dividend per Share - - - - - -
Announcement Date 2/28/19 3/1/21 3/1/21 2/23/22 2/25/23 4/19/24
1TRY in Million2TRY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 48.5 38.2 35.4 - 63.2 96.1
Net Cash position 1 - - - 17.3 - -
Leverage (Debt/EBITDA) 2.08 x -5.656 x 1.526 x - 2.675 x 3.136 x
Free Cash Flow 1 -39.2 30.9 13.5 -114 -35.4 -264
ROE (net income / shareholders' equity) 15.6% -26.6% 10.1% 0.74% -1.38% -12.8%
ROA (Net income/ Total Assets) 9.06% -3.87% 7.92% 1.36% 1.85% 0.19%
Assets 1 88.95 453 72.61 78.08 -240.9 -55,333
Book Value Per Share 2 1.020 0.7100 0.7900 0.9300 1.570 1.720
Cash Flow per Share 2 0.0900 0.2000 0.2500 0.1900 0.0700 0.1800
Capex 1 5.26 5.86 2.4 43.7 49.7 126
Capex / Sales 5.12% 7.36% 1.86% 25.28% 17.05% 26.09%
Announcement Date 2/28/19 3/1/21 3/1/21 2/23/22 2/25/23 4/19/24
1TRY in Million2TRY
Estimates
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