Company Valuation: Migros Ticaret

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 6,869 26,524 60,653 99,037 94,510 94,782 - -
Change - 286.14% 128.67% 63.28% -4.57% 0.29% - -
Enterprise Value (EV) 1 9,317 25,913 58,106 97,586 98,528 62,492 65,217 55,365
Change - 178.14% 124.23% 67.95% 0.96% -36.57% 4.36% -15.11%
P/E 19.2x 10.3x 6.87x 15.1x 13.5x 15.7x 8.83x 7.73x
PBR 12.8x 6.56x 1.68x 1.73x 1.2x 0.84x 0.73x 0.56x
PEG - 0x 0x -0.6x 1.81x -1.1x 0.1x 0.5x
Capitalization / Revenue 0.19x 0.36x 0.33x 0.34x 0.23x 0.17x 0.13x 0.11x
EV / Revenue 0.26x 0.35x 0.32x 0.33x 0.24x 0.11x 0.09x 0.06x
EV / EBITDA 2.82x 4.34x 18x 6.18x 3.61x 1.77x 1.4x 0.85x
EV / EBIT 3.89x 5.41x -19.5x 16.8x 8.76x 5.57x 3.23x 1.72x
EV / FCF 3.83x 4.49x 7.68x 5.69x 6.64x 3.2x 2.29x 1.73x
FCF Yield 26.1% 22.3% 13% 17.6% 15.1% 31.2% 43.7% 57.9%
Dividend per Share 2 - - - - - 9.007 11.96 15.79
Rate of return - - - - - 1.72% 2.28% 3.02%
EPS 2 1.98 14.2 48.76 36.11 38.81 33.35 59.29 67.76
Distribution rate - - - - - 27% 20.2% 23.3%
Net sales 1 36,272 74,502 181,674 293,780 412,756 555,299 713,467 871,030
EBITDA 1 3,300 5,968 3,221 15,796 27,320 35,256 46,435 64,857
EBIT 1 2,393 4,790 -2,980 5,818 11,250 11,211 20,161 32,190
Net income 1 358.9 2,570 8,829 6,340 6,467 7,992 10,033 12,878
Net Debt 1 2,447 -611.3 -2,547 -1,450 4,018 -32,290 -29,565 -39,417
Reference price 2 37.94 146.50 335.00 547.00 522.00 523.50 523.50 523.50
Nbr of stocks (in thousands) 181,054 181,054 181,054 181,054 181,054 181,054 - -
Announcement Date 3/1/22 2/28/23 3/18/24 3/5/25 3/4/26 - - -
1TRY in Million2TRY
Estimates

P/E, Detailed evolution



P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
15.7x0.11x1.77x1.72% 1.94B
20.54x0.88x5.92x6.16% 36.95B
16.47x0.59x6.69x2.95% 27.04B
70.5x3.11x40.79x-.--% 26.09B
28.06x1.15x14.73x0.44% 22.12B
26.49x0.83x8.81x3.63% 21.8B
11.46x0.24x4.39x6.48% 13.06B
16.6x0.39x5.67x3.7% 12.81B
21.13x0.81x8.88x2.7% 10.56B
19.76x0.95x9.41x4.11% 10.33B
Average 24.67x 0.91x 10.71x 3.19% 18.27B
Weighted average by Cap. 27.71x 1.10x 12.62x 3.3%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA



Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. MGROS Stock
  4. Valuation Migros Ticaret