Company Valuation: Alkim Alkali Kimya

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 2,235 2,530 5,877 5,112 5,712 5,520
Change - 13.22% 132.25% -13.02% 11.74% -3.36%
Enterprise Value (EV) 1 2,089 2,271 5,707 4,491 5,355 5,492
Change - 8.69% 151.36% -21.32% 19.24% 2.57%
P/E 11.2x 10.2x 10.3x 18.9x -41.9x -13.5x
PBR 4.48x 3.79x 5.34x 1.99x 1.6x 1.3x
PEG - 0.4x 0x -0.4x 0x -0x
Capitalization / Revenue 2.96x 2.31x 2.1x 1.27x 1.22x 1.08x
EV / Revenue 2.77x 2.07x 2.04x 1.12x 1.14x 1.08x
EV / EBITDA 9.12x 8.55x 7.38x 6.84x 12.1x 14x
EV / EBIT 10.1x 9.37x 7.7x 8.6x 22.3x 42.8x
EV / FCF 16.7x 6,822x -44.3x 4.36x -14.2x -20.3x
FCF Yield 6% 0.01% -2.26% 22.9% -7.04% -4.92%
Dividend per Share 2 - - 0.463 - - -
Rate of return - - 2.36% - - -
EPS 2 0.664 0.8271 1.908 0.9036 -0.4549 -1.361
Distribution rate - - 24.3% - - -
Net sales 1 754.1 1,096 2,797 4,026 4,688 5,099
EBITDA 1 229.1 265.5 773.7 656.6 441.5 391
EBIT 1 207.8 242.4 741.6 521.9 239.6 128.4
Net income 1 199.2 248.1 572.3 271.1 -136.5 -408.3
Net Debt 1 -146 -259.9 -169.5 -621.2 -356.9 -27.56
Reference price 2 7.45 8.44 19.59 17.04 19.04 18.40
Nbr of stocks (in thousands) 300,000 300,000 300,000 300,000 300,000 300,000
Announcement Date 2/25/21 A 2/24/22 A 2/28/23 A 3/27/24 A 3/11/25 A 3/12/26 A
1TRY in Million2TRY
Estimates


P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
- - - - 75.7M
17.72x1.71x10.69x6.04% 15.13B
6.12x2.28x5.54x3.74% 10.56B
21.82x2.46x12.17x2.86% 4.89B
20.63x0.86x10.99x4.11% 4.65B
13.41x2.24x6.17x5.72% 4.32B
16.85x1.81x8.21x5.69% 2.63B
17.53x1x6.57x1.65% 2.47B
11.07x - - 5.51% 2.23B
5.8x0.85x4.24x2.77% 1.87B
Average 14.55x 1.65x 8.07x 4.23% 4.88B
Weighted average by Cap. 14.70x 1.82x 8.67x 4.62%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA


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