TURKCELL ILETISIM HIZMET-ADR (TKC) Fundamental Analysis & Valuation

NYSE:TKC • US9001112047

6.58 USD
0 (0%)
At close: Mar 3, 2026
6.42 USD
-0.16 (-2.43%)
Pre-Market: 3/4/2026, 8:18:55 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This TKC fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

6

We assign a fundamental rating of 6 out of 10 to TKC. TKC was compared to 22 industry peers in the Wireless Telecommunication Services industry. TKC has an average financial health and profitability rating. TKC is showing excellent growth while it is valued at reasonable prices. Keep and eye on this one! This makes TKC very considerable for growth investing!


Dividend Valuation Growth Profitability Health

6

1. TKC Profitability Analysis

1.1 Basic Checks

  • TKC had positive earnings in the past year.
  • In the past year TKC had a positive cash flow from operations.
  • In the past 5 years TKC has always been profitable.
  • In the past 5 years TKC always reported a positive cash flow from operatings.
TKC Yearly Net Income VS EBIT VS OCF VS FCFTKC Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 10B 20B 30B 40B

1.2 Ratios

  • TKC's Return On Assets of 4.82% is fine compared to the rest of the industry. TKC outperforms 68.18% of its industry peers.
  • TKC has a Return On Equity of 9.74%. This is comparable to the rest of the industry: TKC outperforms 59.09% of its industry peers.
  • TKC has a better Return On Invested Capital (9.40%) than 72.73% of its industry peers.
  • TKC had an Average Return On Invested Capital over the past 3 years of 3.62%. This is below the industry average of 6.99%.
  • The last Return On Invested Capital (9.40%) for TKC is above the 3 year average (3.62%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 4.82%
ROE 9.74%
ROIC 9.4%
ROA(3y)4.95%
ROA(5y)6.04%
ROE(3y)9.71%
ROE(5y)14.37%
ROIC(3y)3.62%
ROIC(5y)6.29%
TKC Yearly ROA, ROE, ROICTKC Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 5 10 15 20

1.3 Margins

  • Looking at the Profit Margin, with a value of 7.30%, TKC is in the better half of the industry, outperforming 63.64% of the companies in the same industry.
  • TKC's Profit Margin has improved in the last couple of years.
  • The Operating Margin of TKC (16.64%) is better than 63.64% of its industry peers.
  • In the last couple of years the Operating Margin of TKC has declined.
  • With a Gross Margin value of 27.66%, TKC is not doing good in the industry: 86.36% of the companies in the same industry are doing better.
  • In the last couple of years the Gross Margin of TKC has declined.
Industry RankSector Rank
OM 16.64%
PM (TTM) 7.3%
GM 27.66%
OM growth 3Y-14.84%
OM growth 5Y-9.76%
PM growth 3Y0.26%
PM growth 5Y1.79%
GM growth 3Y-6.05%
GM growth 5Y-5.09%
TKC Yearly Profit, Operating, Gross MarginsTKC Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 10 20 30

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5

2. TKC Health Analysis

2.1 Basic Checks

  • TKC has a Return on Invested Capital (ROIC), which is below the Cost of Capital (WACC), which means it is destroying value.
  • TKC has about the same amout of shares outstanding than it did 1 year ago.
  • The number of shares outstanding for TKC has been increased compared to 5 years ago.
  • The debt/assets ratio for TKC has been reduced compared to a year ago.
TKC Yearly Shares OutstandingTKC Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 200M 400M 600M 800M
TKC Yearly Total Debt VS Total AssetsTKC Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 100B 200B 300B

2.2 Solvency

  • An Altman-Z score of 2.64 indicates that TKC is not a great score, but indicates only limited risk for bankruptcy at the moment.
  • TKC has a Altman-Z score of 2.64. This is amongst the best in the industry. TKC outperforms 95.45% of its industry peers.
  • TKC has a debt to FCF ratio of 13.71. This is a negative value and a sign of low solvency as TKC would need 13.71 years to pay back of all of its debts.
  • TKC has a Debt to FCF ratio (13.71) which is in line with its industry peers.
  • A Debt/Equity ratio of 0.54 indicates that TKC is somewhat dependend on debt financing.
  • Looking at the Debt to Equity ratio, with a value of 0.54, TKC is in line with its industry, outperforming 59.09% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity 0.54
Debt/FCF 13.71
Altman-Z 2.64
ROIC/WACC0.99
WACC9.47%
TKC Yearly LT Debt VS Equity VS FCFTKC Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50B 100B 150B

2.3 Liquidity

  • A Current Ratio of 1.75 indicates that TKC should not have too much problems paying its short term obligations.
  • TKC has a Current ratio of 1.75. This is amongst the best in the industry. TKC outperforms 95.45% of its industry peers.
  • A Quick Ratio of 1.75 indicates that TKC should not have too much problems paying its short term obligations.
  • TKC has a Quick ratio of 1.75. This is amongst the best in the industry. TKC outperforms 95.45% of its industry peers.
Industry RankSector Rank
Current Ratio 1.75
Quick Ratio 1.75
TKC Yearly Current Assets VS Current LiabilitesTKC Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 50B 100B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

8

3. TKC Growth Analysis

3.1 Past

  • TKC shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.18%.
  • TKC shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 48.75% yearly.
  • TKC shows a strong growth in Revenue. In the last year, the Revenue has grown by 70.48%.
  • The Revenue has been growing by 45.99% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)-3.18%
EPS 3Y67.24%
EPS 5Y48.75%
EPS Q2Q%-5.95%
Revenue 1Y (TTM)70.48%
Revenue growth 3Y66.79%
Revenue growth 5Y45.99%
Sales Q2Q%326.16%

3.2 Future

  • TKC is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 25.61% yearly.
  • Based on estimates for the next years, TKC will show a very strong growth in Revenue. The Revenue will grow by 31.34% on average per year.
EPS Next Y-12.55%
EPS Next 2Y18.06%
EPS Next 3Y25.61%
EPS Next 5YN/A
Revenue Next Year44.2%
Revenue Next 2Y37.01%
Revenue Next 3Y32.22%
Revenue Next 5Y31.34%

3.3 Evolution

  • The estimated forward EPS growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
TKC Yearly Revenue VS EstimatesTKC Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 200B 400B 600B 800B
TKC Yearly EPS VS EstimatesTKC Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 10 20 30 40 50

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Find the best growth stocksShow best growing peers

6

4. TKC Valuation Analysis

4.1 Price/Earnings Ratio

  • The Price/Earnings ratio is 10.61, which indicates a very decent valuation of TKC.
  • Compared to the rest of the industry, the Price/Earnings ratio of TKC indicates a rather cheap valuation: TKC is cheaper than 90.91% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.83, TKC is valued rather cheaply.
  • With a Price/Forward Earnings ratio of 7.70, the valuation of TKC can be described as very cheap.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of TKC indicates a rather cheap valuation: TKC is cheaper than 95.45% of the companies listed in the same industry.
  • TKC is valuated cheaply when we compare the Price/Forward Earnings ratio to 24.95, which is the current average of the S&P500 Index.
Industry RankSector Rank
PE 10.61
Fwd PE 7.7
TKC Price Earnings VS Forward Price EarningsTKC Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of TKC indicates a rather cheap valuation: TKC is cheaper than 95.45% of the companies listed in the same industry.
  • Compared to the rest of the industry, the Price/Free Cash Flow ratio of TKC indicates a slightly more expensive valuation: TKC is more expensive than 68.18% of the companies listed in the same industry.
Industry RankSector Rank
P/FCF 19.07
EV/EBITDA 2.35
TKC Per share dataTKC EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 2 4 6 8

4.3 Compensation for Growth

  • The decent profitability rating of TKC may justify a higher PE ratio.
  • TKC's earnings are expected to grow with 25.61% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)0.22
EPS Next 2Y18.06%
EPS Next 3Y25.61%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

5

5. TKC Dividend Analysis

5.1 Amount

  • TKC has a Yearly Dividend Yield of 3.01%. Purely for dividend investing, there may be better candidates out there.
  • Compared to an average industry Dividend Yield of 6.61, TKC has a dividend in line with its industry peers.
  • TKC's Dividend Yield is rather good when compared to the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 3.01%

5.2 History

  • On average, the dividend of TKC grows each year by 45.17%, which is quite nice.
  • TKC has been paying a dividend for at least 10 years, so it has a reliable track record.
  • TKC has decreased its dividend in the last 3 years.
Dividend Growth(5Y)45.17%
Div Incr Years2
Div Non Decr Years2
TKC Yearly Dividends per shareTKC Yearly Dividends per shareYearly Dividends per share 2017 2018 2019 2020 2021 2022 2023 2024 2025 1 2 3

5.3 Sustainability

  • TKC pays out 49.02% of its income as dividend. This is a bit on the high side, but may be sustainable.
  • The dividend of TKC is growing, but the earnings are growing slower. This means the dividend growth is not sustainable.
DP49.02%
EPS Next 2Y18.06%
EPS Next 3Y25.61%
TKC Yearly Income VS Free CF VS DividendTKC Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 5B 10B 15B 20B
TKC Dividend Payout.TKC Dividend Payout, showing the Payout Ratio.TKC Dividend Payout.PayoutRetained Earnings

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TKC Fundamentals: All Metrics, Ratios and Statistics

TURKCELL ILETISIM HIZMET-ADR

NYSE:TKC (3/3/2026, 8:04:00 PM)

Premarket: 6.42 -0.16 (-2.43%)

6.58

0 (0%)

Chartmill FA Rating
GICS IndustryGroupTelecommunication Services
GICS IndustryWireless Telecommunication Services
Earnings (Last)11-06
Earnings (Next)03-05
Inst Owners11.92%
Inst Owner Change12.35%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap5.73B
Revenue(TTM)324.26B
Net Income(TTM)23.68B
Analysts82.86
Price Target8.09 (22.95%)
Short Float %0.36%
Short Ratio1.63
Dividend
Industry RankSector Rank
Dividend Yield 3.01%
Yearly Dividend0.19
Dividend Growth(5Y)45.17%
DP49.02%
Div Incr Years2
Div Non Decr Years2
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-0.52%
PT rev (3m)-4.96%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-3.74%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)1.19%
Revenue NY rev (3m)2.39%
Valuation
Industry RankSector Rank
PE 10.61
Fwd PE 7.7
P/S 0.78
P/FCF 19.07
P/OCF 3.26
P/B 1.04
P/tB 1.75
EV/EBITDA 2.35
EPS(TTM)0.62
EY9.42%
EPS(NY)0.85
Fwd EY12.99%
FCF(TTM)0.34
FCFY5.24%
OCF(TTM)2.02
OCFY30.67%
SpS8.46
BVpS6.34
TBVpS3.76
PEG (NY)N/A
PEG (5Y)0.22
Graham Number9.41
Profitability
Industry RankSector Rank
ROA 4.82%
ROE 9.74%
ROCE 14%
ROIC 9.4%
ROICexc 14.36%
ROICexgc 23.1%
OM 16.64%
PM (TTM) 7.3%
GM 27.66%
FCFM 4.08%
ROA(3y)4.95%
ROA(5y)6.04%
ROE(3y)9.71%
ROE(5y)14.37%
ROIC(3y)3.62%
ROIC(5y)6.29%
ROICexc(3y)5.04%
ROICexc(5y)8.99%
ROICexgc(3y)8.58%
ROICexgc(5y)15.05%
ROCE(3y)5.61%
ROCE(5y)9.7%
ROICexgc growth 3Y-15%
ROICexgc growth 5Y-13.41%
ROICexc growth 3Y-17.01%
ROICexc growth 5Y-12.51%
OM growth 3Y-14.84%
OM growth 5Y-9.76%
PM growth 3Y0.26%
PM growth 5Y1.79%
GM growth 3Y-6.05%
GM growth 5Y-5.09%
F-Score6
Asset Turnover0.66
Health
Industry RankSector Rank
Debt/Equity 0.54
Debt/FCF 13.71
Debt/EBITDA 1.16
Cap/Depr 107.09%
Cap/Sales 19.77%
Interest Coverage 2.88
Cash Conversion 67.94%
Profit Quality 55.84%
Current Ratio 1.75
Quick Ratio 1.75
Altman-Z 2.64
F-Score6
WACC9.47%
ROIC/WACC0.99
Cap/Depr(3y)90.31%
Cap/Depr(5y)105.08%
Cap/Sales(3y)28.83%
Cap/Sales(5y)27.64%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-3.18%
EPS 3Y67.24%
EPS 5Y48.75%
EPS Q2Q%-5.95%
EPS Next Y-12.55%
EPS Next 2Y18.06%
EPS Next 3Y25.61%
EPS Next 5YN/A
Revenue 1Y (TTM)70.48%
Revenue growth 3Y66.79%
Revenue growth 5Y45.99%
Sales Q2Q%326.16%
Revenue Next Year44.2%
Revenue Next 2Y37.01%
Revenue Next 3Y32.22%
Revenue Next 5Y31.34%
EBIT growth 1Y336%
EBIT growth 3Y42.04%
EBIT growth 5Y31.74%
EBIT Next Year335.95%
EBIT Next 3Y91.9%
EBIT Next 5Y64.48%
FCF growth 1Y-7.6%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y106.72%
OCF growth 3Y32.41%
OCF growth 5Y37.83%

TURKCELL ILETISIM HIZMET-ADR / TKC FAQ

What is the fundamental rating for TKC stock?

ChartMill assigns a fundamental rating of 6 / 10 to TKC.


What is the valuation status of TURKCELL ILETISIM HIZMET-ADR (TKC) stock?

ChartMill assigns a valuation rating of 6 / 10 to TURKCELL ILETISIM HIZMET-ADR (TKC). This can be considered as Fairly Valued.


What is the profitability of TKC stock?

TURKCELL ILETISIM HIZMET-ADR (TKC) has a profitability rating of 6 / 10.


What is the financial health of TURKCELL ILETISIM HIZMET-ADR (TKC) stock?

The financial health rating of TURKCELL ILETISIM HIZMET-ADR (TKC) is 5 / 10.


What is the expected EPS growth for TURKCELL ILETISIM HIZMET-ADR (TKC) stock?

The Earnings per Share (EPS) of TURKCELL ILETISIM HIZMET-ADR (TKC) is expected to decline by -12.55% in the next year.