Company Valuation: Polisan Holding

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 2,928 2,207 10,498 10,710 9,185 60,812
Change - -24.61% 375.6% 2.02% -14.24% 562.04%
Enterprise Value (EV) 1 3,270 2,629 10,706 11,284 10,377 62,619
Change - -19.59% 307.18% 5.4% -8.05% 503.47%
P/E 23.1x 7.88x 6.43x 14.3x -14.5x -42.1x
PBR 1.67x 1.08x 2.67x 0.95x 0.6x 4.48x
PEG - 0x 0x -0.3x 0x -0x
Capitalization / Revenue 2.78x 1.12x 2.5x 1.91x 1.48x 9.5x
EV / Revenue 3.11x 1.34x 2.55x 2.01x 1.68x 9.78x
EV / EBITDA 20.2x 7.48x 16.8x 12.5x 11x 60.8x
EV / EBIT 29.6x 9.26x 19.1x 20.3x 20.2x 151x
EV / FCF 46.8x -69.2x 106x 32.5x -59.7x -6,391x
FCF Yield 2.14% -1.44% 0.94% 3.08% -1.68% -0.02%
Dividend per Share 2 0.0026 0.004 0.0795 0.0238 - -
Rate of return 0.34% 0.68% 2.86% 0.84% - -
EPS 2 0.0335 0.0742 0.4323 0.1981 -0.1678 -0.3824
Distribution rate 7.75% 5.39% 18.4% 12% - -
Net sales 1 1,051 1,969 4,197 5,604 6,193 6,402
EBITDA 1 161.7 351.3 635.4 906 941.3 1,029
EBIT 1 110.5 283.9 559.2 554.9 512.8 415.9
Net income 1 126.6 279.9 1,632 747.7 -633.3 -1,443
Net Debt 1 342 422.1 208.5 574.4 1,191 1,808
Reference price 2 0.78 0.58 2.78 2.84 2.43 16.11
Nbr of stocks (in thousands) 3,774,776 3,774,776 3,774,776 3,774,776 3,774,776 3,774,776
Announcement Date 3/11/21 3/7/22 3/1/23 4/1/24 3/7/25 3/9/26
1TRY in Million2TRY
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 1.72B
18.98x3.35x9.5x2.09% 69.48B
12.24x0.93x7.75x4.4% 51.79B
55.83x8.95x38.11x0.98% 16.69B
12.51x0.84x5.87x2.91% 13.6B
12.13x0.73x4.85x2.83% 10.23B
15.79x0.71x7.75x3.12% 10.16B
37.53x1.71x9.02x2.02% 9.51B
4.68x0.67x2.85x4.6% 9.15B
30.85x4.23x18.09x0.37% 7.7B
Average 22.28x 2.46x 11.53x 2.59% 20B
Weighted average by Cap. 20.05x 2.58x 10.88x 2.79%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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