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Consumer Cyclical - Specialty Retail - NASDAQ - TR
$ 2.825
-3.81 %
$ 921 M
Market Cap
-19.86
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 22, 2025.

The intrinsic value of one HEPS stock under the worst case scenario is HIDDEN Compared to the current market price of 2.83 USD, D-Market Elektronik Hizmetler ve Ticaret A.S. is HIDDEN

This DCF valuation model was last updated on Apr, 22, 2025.

The intrinsic value of one HEPS stock under the base case scenario is HIDDEN Compared to the current market price of 2.83 USD, D-Market Elektronik Hizmetler ve Ticaret A.S. is HIDDEN

This DCF valuation model was last updated on Apr, 22, 2025.

The intrinsic value of one HEPS stock under the best case scenario is HIDDEN Compared to the current market price of 2.83 USD, D-Market Elektronik Hizmetler ve Ticaret A.S. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart HEPS

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$3.8$3.8$3.6$3.6$3.4$3.4$3.2$3.2$3.0$3.0$2.8$2.8$2.6$2.6$2.4$2.4Nov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '2515 Apr15 Apr
FINANCIALS
35.6 B REVENUE
121.28%
-725 M OPERATING INCOME
76.59%
75.5 M NET INCOME
102.60%
5.02 B OPERATING CASH FLOW
1070.64%
-1.68 B INVESTING CASH FLOW
-153.12%
-3.33 B FINANCING CASH FLOW
-125.85%
12.2 B REVENUE
21.05%
32.4 M OPERATING INCOME
200.26%
-307 M NET INCOME
22.29%
2.06 B OPERATING CASH FLOW
1884.68%
-300 M INVESTING CASH FLOW
-23.77%
-1.34 B FINANCING CASH FLOW
-11.06%
Balance Sheet D-Market Elektronik Hizmetler ve Ticaret A.S.
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Current Assets 14.6 B
Cash & Short-Term Investments 7.22 B
Receivables 2.4 B
Other Current Assets 5 B
Non-Current Assets 2.96 B
Long-Term Investments 0
PP&E 1.07 B
Other Non-Current Assets 1.89 B
41.08 %13.68 %28.42 %6.08 %10.74 %Total Assets$17.6b
Current Liabilities 13.6 B
Accounts Payable 6.43 B
Short-Term Debt 338 M
Other Current Liabilities 6.88 B
Non-Current Liabilities 632 M
Long-Term Debt 125 M
Other Non-Current Liabilities 507 M
45.04 %48.16 %3.55 %Total Liabilities$14.3b
EFFICIENCY
Earnings Waterfall D-Market Elektronik Hizmetler ve Ticaret A.S.
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Revenue 35.6 B
Cost Of Revenue 28.3 B
Gross Profit 7.25 B
Operating Expenses 7.97 B
Operating Income -725 M
Other Expenses -801 M
Net Income 75.5 M
40b40b35b35b30b30b25b25b20b20b15b15b10b10b5b5b00(5b)(5b)36b(28b)7b(8b)(725m)801m76mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
20.38% GROSS MARGIN
20.38%
-2.04% OPERATING MARGIN
-2.04%
0.21% NET MARGIN
0.21%
2.29% ROE
2.29%
0.43% ROA
0.43%
-16.97% ROIC
-16.97%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis D-Market Elektronik Hizmetler ve Ticaret A.S.
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4b4b4b4b3b3b3b3b2b2b2b2b1b1b500m500m00(500m)(500m)201920192020202020212021202220222023202320242024
Net Income 75.5 M
Depreciation & Amortization 1.17 B
Capital Expenditures -1.15 B
Stock-Based Compensation 106 M
Change in Working Capital -934 M
Others 5.24 B
Free Cash Flow 3.87 B
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets D-Market Elektronik Hizmetler ve Ticaret A.S.
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HEPS has no price targets from Wall Street.
4. DIVIDEND ANALYSIS
5. COMPETITION
slide 2 of 12
6. Ownership
Insider Ownership D-Market Elektronik Hizmetler ve Ticaret A.S.
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Sold
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
0 USD 0
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
Hepsiburada to Announce Fourth Quarter and Full Year 2024 Results on April 30, 2025 ISTANBUL, Türkiye, April 16, 2025 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a “Hepsiburada”) (NASDAQ: HEPS), a leading Turkish e-commerce platform, will report its financial results for the fourth quarter and full year ending December 31, 2024 before the U.S. market opens on Wednesday, April 30, 2025. globenewswire.com - 2 weeks ago
Hepsiburada Announces the Third Bond Issuance of Hepsifinans ISTANBUL, March 21, 2025 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a “Hepsiburada”) (NASDAQ: HEPS), a leading Turkish e-commerce platform, today announced the third bond issuance of its indirect wholly owned subsidiary, Hepsi Finansman A.Ş. (“Hepsifinans”), at a nominal value of TRY 100 million. globenewswire.com - 1 month ago
Through the “Trade and Technology Empowerment for the Earthquake Region” program, Hepsiburada Contributed to a TRY 9.6 Billion Trade Volume in the Region in a Twenty Four Month Period ended March 11, 2025 ISTANBUL, March 17, 2025 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a “Hepsiburada”) (NASDAQ: HEPS), a leading Turkish e-commerce platform (referred to herein as “Hepsiburada” or the “Company”), announces the 24-month results of the “Trade and Technology Empowerment for the Earthquake Region” program (the “Program”) for the period from March 6, 2023 to March 11, 2025. globenewswire.com - 1 month ago
Hepsiburada Announces the Fourth Issuance of Asset-backed Securities ISTANBUL, March 14, 2025 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a “Hepsiburada”) (NASDAQ: HEPS), a leading Turkish e-commerce platform, today announced the fourth issuance of asset-backed securities amounting to TRY 500 million. globenewswire.com - 1 month ago
Hepsiburada: A Growth Stock With A Long Runway Hepsiburada's stock surged following Kaspi.kz's acquisition of a 65% stake, valuing the company at $1.7 billion. Kaspi.kz's technological expertise and fintech solutions are expected to significantly enhance Hepsiburada's market position and growth in Turkey and Kazakhstan. Hepsiburada's GMV and member growth are impressive, with a potential long runway ahead. seekingalpha.com - 2 months ago
Hepsiburada Announces Voting Results of the Extraordinary General Assembly Meeting, New Board Committees Composition and the Appointment of a General Counsel and Corporate Secretary ISTANBUL, Feb. 01, 2025 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a “Hepsiburada”) (NASDAQ: HEPS), a leading Turkish e-commerce platform (referred to herein as “Hepsiburada” or the “Company”), today announces the voting results of the Extraordinary General Assembly Meeting of Shareholders (“EGM”) held on January 31, 2025, the new composition of the Committees of its Board of Directors (“Board”), and the appointment of a General Counsel and Corporate Secretary. globenewswire.com - 3 months ago
Hepsiburada Announces the Closing of the Change of Control Transaction between Joint Stock Company Kaspi.kz and the Founder of Hepsiburada and Other Affiliates ISTANBUL, Jan. 29, 2025 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a “Hepsiburada”) (NASDAQ: HEPS), announces the closing (the “Closing”), on January 29, 2025 (the “Closing Date”), of the previously disclosed transaction between Joint Stock Company Kaspi.kz, a joint stock company incorporated under the laws of Kazakhstan (the “Buyer”), and Hanzade Vasfiye Doğan Boyner, Hepsiburada's founder, Vuslat Doğan Sabancı, Yaşar Begümhan Doğan Faralyalı, Arzuhan Doğan Yalçındağ and Işıl Doğan (collectively, the “Sellers”), pursuant to the Stock Purchase Agreement (the “Agreement”) entered into on October 17, 2024 by and among the Buyer and the Sellers. globenewswire.com - 3 months ago
Hepsiburada Announces Grant of All Regulatory Approvals for Change of Control and Call for Extraordinary General Assembly Meeting ISTANBUL, Jan. 03, 2025 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a “Hepsiburada”) (NASDAQ: HEPS), a leading Turkish e-commerce platform (referred to herein as “Hepsiburada” or the “Company”), announces that, as of January 2, 2025, the four regulatory approvals required for effecting the previously announced sale and purchase of 65.4% of the total outstanding shares of the Company pursuant to the stock purchase agreement dated October 17, 2024, between Joint Stock Company Kaspi.kz, as buyer, and the selling controlling shareholders of Hepsiburada identified therein, as sellers (the “Stock Purchase Agreement”) have been granted. The relevant regulatory authorities identified in the Stock Purchase Agreement were the following: the Turkish Competition Board, the Banking Regulation and Supervision Agency, the Information Technologies and Communications Authority and the Central Bank of the Republic of Türkiye. globenewswire.com - 3 months ago
Hepsiburada Announces a Change to its Board of Directors ISTANBUL, Dec. 26, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a “Hepsiburada”) (NASDAQ: HEPS), a leading Turkish e-commerce platform (referred to herein as “Hepsiburada” or the “Company”), today announces a change to the composition of its Board of Directors. globenewswire.com - 4 months ago
Through the “Trade and Technology Empowerment for the Earthquake Region” program, Hepsiburada Contributed to a TRY 8.7 Billion Trade Volume in the Region in a Twenty One Month Period ended December 4, 2024 ISTANBUL, Dec. 13, 2024 (GLOBE NEWSWIRE) -- D-MARKET Electronic Services & Trading (d/b/a “Hepsiburada”) (NASDAQ: HEPS), a leading Turkish e-commerce platform (referred to herein as “Hepsiburada” or the “Company”), announces the 21-month results of the “Trade and Technology Empowerment for the Earthquake Region” program (the “Program”) for the period from March 6, 2023 to December 4, 2024. globenewswire.com - 4 months ago
D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) Q3 2024 Earnings Call Transcript D-Market Elektronik Hizmetler ve Ticaret A.S. (NASDAQ:HEPS ) Q3 2024 Earnings Call Transcript December 10, 2024 8:00 AM ET Company Participants Helin Celikbilek - IR Director Nilhan Onal Gokcetekin - CEO Seckin Koseoglu - CFO Operator Ladies and gentlemen, thank you for standing by. seekingalpha.com - 4 months ago
Hepsiburada Announces Third Quarter 2024 Financial Results D-MARKET Electronic Services & Trading (d/b/a “Hepsiburada”) (NASDAQ: HEPS), a leading Turkish e-commerce platform (referred to herein as “Hepsiburada” or the “Company”), today announces its unaudited financial results for the third quarter and the nine months ended September 30, 2024. globenewswire.com - 4 months ago
8. Profile Summary

D-Market Elektronik Hizmetler ve Ticaret A.S. HEPS

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COUNTRY TR
INDUSTRY Specialty Retail
MARKET CAP $ 921 M
Dividend Yield 0.00%
Description D-Market Elektronik Hizmetler ve Ticaret A.S. operates e-commerce platforms in Turkey. The company operates www.hepsiburada.com, a retail website that provides its retail customers a range of merchandise, including electronics and non-electronics, such as books, sports, toys, kids and baby products, cosmetics, furniture, etc. It also offers HepsiExpress, an app-in-app initiative and on-demand delivery service that delivers groceries, water, and flowers; HepsiJet that provides last- mile delivery services; HepsiLojistik, which offers storage and fulfillment services; HepsiMat, a pick-up and drop-off point; HepsiAd that provides advertising service and data driven insights; HepsiGlobal for discovering and purchasing products from international merchants online; Hepsipay, which offers an e-money and payment services; and HepsiFly for buying airline tickets online. The company was incorporated in 2000 and is headquartered in Istanbul, Turkey.
Contact Kustepe Mahallesi Mecidiyekoy, Istanbul, 34387 https://www.hepsiburada.com
IPO Date July 1, 2021
Employees 3213
Officers Ms. Esra Beyzadeoglu Chief Customer Experience & People Officer Mr. Mehmet Seckin Koseoglu Chief Financial Officer Harika Eldogan Head of Public Relations Mr. Erkin Aydin Chief Executive Officer of Hepsi Finansal Danismanlik A.S. Mr. Hakan Karadogan Chief Executive Officer of Logistics Ms. Nilhan Gokcetekin Chief Executive Officer Mr. Ender Ozgun Chief Commercial Officer Gunes Akman Ozcan General Counsel & Corporate Secretary Mr. Alexey Shevenkov Chief Technology Officer Helin Sinem Celikbilek Investor Relations Director