Company Valuation: GSD Holding

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 1,127 1,344 4,176 3,576 3,856 4,565
Change - 19.24% 210.67% -14.35% 7.82% 18.39%
Enterprise Value (EV) 1 991.4 1,416 3,391 2,795 3,171 4,421
Change - 42.82% 139.47% -17.56% 13.44% 39.42%
P/E 19.3x 1.94x - -1.92x 7.96x 19.5x
PBR - - - 0.55x 0.36x 0.32x
PEG - 0x - - -0x -0.4x
Capitalization / Revenue 4.61x 1.76x 2.92x 1.95x 0.95x 0.85x
EV / Revenue 4.05x 1.85x 2.37x 1.52x 0.78x 0.82x
EV / EBITDA 9.01x 2.61x 3.27x 2.7x 1.21x 1.34x
EV / EBIT 15.8x 2.98x 3.73x 3.45x 1.35x 1.51x
EV / FCF -9.98x -4.31x -9.37x 2.54x -3.55x 15.1x
FCF Yield -10% -23.2% -10.7% 39.4% -28.2% 6.61%
Dividend per Share 2 - - 0.1 - - -
Rate of return - - 2.39% - - -
EPS 2 0.0585 0.6933 - -1.866 0.4848 0.2338
Distribution rate - - - - - -
Net sales 1 244.7 764 1,432 1,835 4,044 5,378
EBITDA 1 110 541.8 1,038 1,035 2,627 3,298
EBIT 1 62.73 475.2 908.6 811.3 2,347 2,929
Net income 1 48.51 624 1,362 -1,679 436.3 208.3
Net Debt 1 -135.9 71.67 -785.3 -781.2 -685.4 -144.8
Reference price 2 1.130 1.346 4.180 3.580 3.860 4.570
Nbr of stocks (in thousands) 998,000 999,000 999,000 999,000 999,000 999,000
Announcement Date 3/11/21 3/11/22 3/13/23 5/5/24 3/11/25 8/3/26
1TRY in Million2TRY
Estimates

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 99.56M
6.47x1.23x3.52x7.2% 17.1B
11.13x1.78x6.01x7.44% 7.52B
44.47x17.91x24.39x1.92% 5.31B
12.79x - - - 4.83B
9.71x2.78x7.98x8.98% 3.56B
7.08x3.4x5.45x12.45% 3.41B
12.29x0.81x2.39x4.11% 3.4B
4.96x2.5x3.35x - 2.73B
Average 13.61x 4.34x 7.58x 7.02% 5.33B
Weighted average by Cap. 12.67x 3.73x 6.95x 6.89%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  4. Valuation GSD Holding