Company Valuation: Net Holding

Data adjusted to current consolidation scope
Fiscal Period: December 2020 2021 2022 2023 2024 2025
Market Cap 1 1,209 2,241 7,100 9,101 20,361 22,423
Change - 85.41% 216.78% 28.19% 123.72% 10.13%
Enterprise Value (EV) 1 2,880 4,448 9,380 12,590 25,537 29,175
Change - 54.45% 110.9% 34.23% 102.84% 14.25%
P/E -2.4x 3.47x 2.68x 4.88x 9.19x 14.5x
PBR 0.29x 0.32x 0.44x 0.27x 0.39x 0.29x
PEG - -0x 0x -0.2x 0.5x -0.5x
Capitalization / Revenue 2.87x 2.22x 2.1x 0.96x 1.05x 0.9x
EV / Revenue 6.83x 4.4x 2.78x 1.33x 1.32x 1.17x
EV / EBITDA -147x 17.3x 8.3x 3.61x 3.91x 3.39x
EV / EBIT -17.2x 41.7x 11.4x 6.3x 9.24x 6.98x
EV / FCF -9.74x -55.1x 62.8x 11x -3.88x 6.76x
FCF Yield -10.3% -1.81% 1.59% 9.08% -25.8% 14.8%
Dividend per Share 2 - - - - - -
Rate of return - - - - - -
EPS 2 -1.432 1.928 5.606 3.955 4.731 3.332
Distribution rate - - - - - -
Net sales 1 421.5 1,012 3,376 9,494 19,367 25,016
EBITDA 1 -19.57 256.4 1,130 3,486 6,525 8,604
EBIT 1 -167.8 106.6 825.8 1,999 2,765 4,178
Net income 1 -489.5 910 2,662 2,230 2,627 1,666
Net Debt 1 1,671 2,206 2,280 3,489 5,177 6,752
Reference price 2 3.43 6.68 15.05 19.32 43.48 48.46
Nbr of stocks (in thousands) 352,419 335,506 471,740 471,075 468,280 462,720
Announcement Date 2/4/21 11/3/22 13/3/23 21/5/24 11/3/25 9/3/26
1TRY in Million2TRY
Estimates

P/E (N) EV / Sales (N) EV / EBITDA (N) Dividend Yield (N) Capi.($)
- - - - 412M
16.03x3.02x8.01x2.55% 29.84B
21.68x0.87x3.36x-.--% 11.65B
21.79x2.6x8.54x1.04% 9.91B
17.95x3.4x9.21x1% 2.14B
10.13x1.46x6.01x1.41% 2.1B
10.08x1.43x6.53x6.01% 1.96B
39.57x0.96x6.05x3.05% 1.4B
32.89x1.38x9.21x-.--% 1.36B
Average 21.26x 1.89x 7.12x 1.88% 6.75B
Weighted average by Cap. 18.66x 2.36x 7.11x 1.78%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

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  3. NTHOL Stock
  4. Valuation Net Holding