Turkcell Iletisim Hizmetleri A S (TKC) intrinsic value & 10-year financials
Turkcell Iletisim Hizmetleri A S (TKC) has a Graham intrinsic value of TRY 190.99 per share. Over the last 10 fiscal years revenue grew 30.4% a year to TRY 107.1B, with an average return on invested capital of 11.2%.
- Graham intrinsic value
- TRY 190.99
- Revenue (FY2023)
- TRY 107.1B
- Revenue growth (10-yr CAGR)
- 30.4%
- ROIC (10-yr avg)
- 11.2%
- Free cash flow (FY2023)
- TRY 27.5B
TKC 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2023 | TRY 107.1B | TRY 12.5B | TRY 5.75 | TRY 27.5B | 7.3% | 5.5% |
| FY2022 | TRY 61.5B | TRY 4.2B | TRY 1.90 | TRY 16.3B | 4.3% | 2.8% |
| FY2021 | TRY 35.9B | TRY 5.0B | TRY 2.30 | TRY 14.4B | 20.5% | 15.5% |
| FY2020 | TRY 29.1B | TRY 4.2B | TRY 1.94 | TRY 9.2B | 19.8% | 18.0% |
| FY2019 | TRY 25.1B | TRY 3.3B | TRY 1.49 | TRY 5.8B | 20.0% | 14.6% |
| FY2018 | TRY 21.3B | TRY 2.2B | — | TRY 2.9B | 20.5% | 14.1% |
| FY2017 | TRY 17.0B | TRY 2.0B | — | TRY 164.1M | 17.2% | 10.7% |
| FY2016 | TRY 14.1B | TRY 1.5B | — | -TRY 2.0B | 15.5% | 8.7% |
| FY2015 | TRY 12.8B | TRY 1.9B | — | -TRY 234.1M | 17.6% | — |
| FY2014 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in TRY.
Executive summary
TURKCELL ILETISIM HIZMETLERI A S revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
TURKCELL ILETISIM HIZMETLERI A S returns on capital have been average, hovering around 11.2% ROIC over the decade.
TURKCELL ILETISIM HIZMETLERI A S capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, TURKCELL ILETISIM HIZMETLERI A S is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $190.99 per share.