Stock MERIT MERIT TURIZM YATIRIM VE ISLETME ANONIM SIRKETI
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Financials Merit Turizm Yatirim ve Isletme Anonim Sirketi

Equities

MERIT

TREMRTT00016

Hotels, Motels & Cruise Lines

Delayed Borsa Istanbul
Other stock markets
 08:18:11 2024-06-20 EDT 		5-day change 1st Jan Change
194.7 TRY +10.00% Intraday chart for Merit Turizm Yatirim ve Isletme Anonim Sirketi +7.27% +191.69%
06-15 Merit Turizm Yatirim ve Isletme Anonim Sirketi Reports Earnings Results for the First Quarter Ended March 31, 2024 CI
05-16 Merit Turizm Yatirim ve Isletme Anonim Sirketi Reports Earnings Results for the Full Year Ended December 31, 2023 CI

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 15.27 49.57 213.4 858.3 1,165 1,872
Enterprise Value (EV) 1 15.27 49.54 213.4 858.3 1,164 1,870
P/E ratio 2 x 6.88 x 87.5 x 89.1 x 58 x 22.2 x
Yield - - - - 2.41% -
Capitalization / Revenue 1.53 x 3.46 x 44.3 x 75.5 x 19.6 x 18.1 x
EV / Revenue 1.53 x 3.46 x 44.3 x 75.5 x 19.6 x 18.1 x
EV / EBITDA 3.65 x 6.36 x 60.8 x 155 x 46.1 x -
EV / FCF 2.78 x -20.6 x -351 x 66.2 x 289 x 51.4 x
FCF Yield 36% -4.85% -0.28% 1.51% 0.35% 1.95%
Price to Book 0.38 x 1.08 x 4.55 x 0.94 x 0.76 x 0.45 x
Nbr of stocks (in thousands) 2,550 2,550 2,550 28,050 28,050 28,050
Reference price 2 5.990 19.44 83.70 30.60 41.54 66.75
Announcement Date 19-03-01 20-03-02 21-02-18 22-03-01 23-03-13 24-05-16
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 9.966 14.32 4.82 11.37 59.34 103.5
EBITDA 1 4.18 7.787 3.51 5.528 25.25 -
EBIT 1 4.177 7.784 3.506 5.528 25.25 52.37
Operating Margin 41.91% 54.34% 72.74% 48.63% 42.56% 50.61%
Earnings before Tax (EBT) 1 8.614 8.911 3.161 5.226 26.31 46.71
Net income 1 7.653 7.206 2.44 3.898 20.1 84.26
Net margin 76.79% 50.3% 50.62% 34.29% 33.88% 81.43%
EPS 2 3.001 2.826 0.9568 0.3434 0.7166 3.004
Free Cash Flow 1 5.494 -2.402 -0.6071 12.96 4.031 36.4
FCF margin 55.13% -16.77% -12.6% 114% 6.79% 35.18%
FCF Conversion (EBITDA) 131.43% - - 234.41% 15.96% -
FCF Conversion (Net income) 71.79% - - 332.41% 20.05% 43.2%
Dividend per Share - - - - 1.000 -
Announcement Date 19-03-01 20-03-02 21-02-18 22-03-01 23-03-13 24-05-16
1TRY in Million2TRY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 0.01 0.03 0.04 0.05 1.38 1.86
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 5.49 -2.4 -0.61 13 4.03 36.4
ROE (net income / shareholders' equity) 26.9% 16.7% 5.26% 0.81% 1.64% 2.53%
ROA (Net income/ Total Assets) 7.92% 9.94% 4.34% 0.69% 1.23% 0.93%
Assets 1 96.63 72.51 56.21 568.3 1,640 9,061
Book Value Per Share 2 15.90 18.00 18.40 32.70 54.90 148.0
Cash Flow per Share 2 0 0.0100 0.0200 0 0.0500 0.0700
Capex - - - - - -
Capex / Sales - - - - - -
Announcement Date 19-03-01 20-03-02 21-02-18 22-03-01 23-03-13 24-05-16
1TRY in Million2TRY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sector Hotels & Motels

1st Jan change Capi.
MERIT TURIZM YATIRIM VE ISLETME ANONIM SIRKETI Stock Merit Turizm Yatirim ve Isletme Anonim Sirketi
+191.69% 153M
H WORLD GROUP LIMITED Stock H World Group Limited
+3.53% 10.86B
WHITBREAD PLC Stock Whitbread PLC
-19.86% 6.75B
WYNDHAM HOTELS & RESORTS, INC. Stock Wyndham Hotels & Resorts, Inc.
-9.94% 5.84B
CHOICE HOTELS INTERNATIONAL, INC. Stock Choice Hotels International, Inc.
+3.58% 5.61B
SHANGHAI JIN JIANG INTERNATIONAL HOTELS CO., LTD. Stock Shanghai Jin Jiang International Hotels Co., Ltd.
-17.46% 3.32B
ATOUR LIFESTYLE HOLDINGS LIMITED Stock Atour Lifestyle Holdings Limited
+3.69% 2.48B
SHANGRI-LA ASIA LIMITED Stock Shangri-La Asia Limited
0.00% 2.47B
MANDARIN ORIENTAL INTERNATIONAL LIMITED Stock Mandarin Oriental International Limited
+14.10% 2.27B
CHALET HOTELS LIMITED Stock Chalet Hotels Limited
+18.21% 2.1B
Hotels & Motels
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