Akcansa Cimento Sanayi ve Ticaret A.S.

Akcansa Cimento Sanayi ve Ticaret A.S.

BBIST:AKCNS
180.50
TRY
-3.50
(-1.90%)
2.93EPS
77.80P/E
43.59BMarket Cap
Oct 29Next Earn
Akcansa Cimento Sanayi ve Ticaret A.S.
BIST:AKCNS
(Istanbul Exchange)

Recent

price

180.50

P/E

ratio

77.80

div

yld

0.45%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TRY
4.27
5.28
5.52
6.28
7.37
7.67
7.63
7.93
8.96
9.54
10.27
15
87.14
141.21
147.78
128.54
148.44
Revenue per Share
0.31
0.52
0.63
0.82
1.3
1.47
1.5
0.78
0.93
0.39
0.6
1.59
10.11
17.88
11.43
3.79
2.93
Basic EPS, GAAP
0.3
0.4
0.1
0.4
1.2
1.16
0.89
0.64
0.92
1.41
0.81
-0.38
6.27
12.21
16.94
5.72
5.42
Free Cash Flow per Basic Share
0.34
0.2
0.46
0.57
0.75
1.19
1.35
1.24
0.67
0.81
0.24
0.55
0.99
2.76
9.56
7.45
0.81
Dividend per Share
4.34
4.51
4.76
5.16
5.97
6.2
6.35
5.73
5.71
5.37
6.24
8.06
59.24
104.05
140.53
130.8
149.04
Book Value per Share
3.47
3.65
3.9
4.3
5.11
5.3
5.46
4.83
4.8
4.47
5.33
7.14
47.63
88.46
120.01
110.15
124.83
Tangible Book Value per Share
191
191
191
191
191
191
191
191
191
191
191
191
191
191
191
191
191
Basic Weighted Avg Shares
817
1,010
1,056
1,202
1,411
1,469
1,461
1,519
1,716
1,826
1,967
2,871
16,684
27,034
28,291
24,609
28,418
Sales/Revenue/Turnover
8.78
13.06
14.54
16.64
22.49
23.68
21.68
13.94
15.19
7.82
10.15
10.1
4.52
16.3
11.91
7.22
4.49
Operating Margin (%)
55
54
57
63
65
71
75
83
84
97
101
109
772
1,176
1,660
1,720
2,019
Depreciation Expense
59
100
120
158
249
281
286
149
178
75
115
304
1,935
3,424
2,189
726
560
Net Income, GAAP
17.88
18.48
18.45
19.06
18.93
18.83
17.66
17.19
18.94
14.14
21.26
- -
- -
24.66
33.78
58.79
58.87
Effective Tax Rate (%)
7.25
9.93
11.37
13.13
17.63
19.14
19.6
9.79
10.37
4.12
5.85
10.57
11.6
12.66
7.74
2.95
1.97
Profit Margin (%)
135
73
43
98
176
243
116
-2
131
114
199
-1
818
3,485
5,349
4,493
4,556
Working Capital
152
38
- -
30
50
101
- -
- -
104
221
281
90
270
334
391
749
739
LT Debt
841
874
923
1,000
1,156
1,201
1,227
1,109
1,108
1,041
1,207
1,543
11,341
19,921
26,905
25,041
28,534
Total Equity
6.17
10.78
11.66
14.13
21.31
22.21
19.43
12.18
13.67
8.04
8.72
- -
- -
16.61
8.12
2.22
1.68
Return on Invested Capital (%)
9.42
11.3
12.47
14.87
22.27
23.47
22.85
13.83
15.61
12.21
10.43
- -
- -
22.25
11.77
4.25
3.67
Return on Capital (%)
7.23
11.85
13.53
16.63
23.35
24.13
23.84
12.86
16.24
7.09
10.34
22.18
30.04
21.9
9.35
2.8
2.21
Return on Common Equity (%)

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
4,186
3,727
3,700
LT Borrowings
- -
- -
- -
LT Finance Leases
749
728
739
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
191
191
191
Market Capitalization
31,665
38,136
43,592

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
13,741
13,330
13,495
Cash, Cash Equivalents & STI
6,036
4,526
3,993
Accounts Receivable, Net
4,846
4,132
5,509
Inventories
2,168
3,063
2,881
Total Current Liabilities
9,248
8,347
8,939
Payables & Accruals
- -
- -
- -
ST Debt
4,186
3,727
3,700
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
76.92%
153.35%
-6.93%
Free Cash Flow
-181.44%
-363.41%
-66.24%
Net Income, GAAP
64.39%
135.05%
-66.83%
Sales/Revenue/Turnover
61.12%
116.13%
-13.02%
Total Cash Common Dividend
51.94%
121.86%
-22.04%

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
5,993
5,028
6,220
6,027
28,291
2025
5,624
5,566
7,154
7,591
24,609
2026
5,613
8,059
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
3.51
2.97
2.25
11.43
2025
-1.21
1.29
2.18
1.25
3.79
2026
-1.69
1.19
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.56
0.43
9.56
2025
8.2
0.38
0.5
0.31
7.45
2026
- -
- -
- -
- -
- -
Business
Akcansa Cimento Sanayi ve Ticaret A.S. is a Turkey-based building materials manufacturer engaged in the production, marketing, and distribution of cement, clinker, ready-mixed concrete, and aggregates, as well as the provision of port management and logistics services. Founded in 1996 through the merger of Akcimento (established in 1967) and Canakkale Cimento (established in 1974), the company is headquartered in Istanbul, Turkey. The company operates three integrated cement and clinker manufacturing facilities located in Buyukcekmece (Istanbul), Canakkale, and Ladik (Samsun), supported by domestic distribution terminals across Aliaga (Izmir), Yarimca (Kocaeli), and Yalova. The company organizes its commercial operations across several primary product and service segments: Cement and Clinker, comprising ordinary Portland cement, composite cement, sulfate-resistant cement under the Solidcem brand, high-durability infrastructure formulations such as 1803 Cement, and low-carbon cement under the ActionCem and Green For Cement product lines; Ready-Mixed Concrete, supplied under the Betonsa brand through an active network of more than 25 batching plants and offering standard structural concrete, high-performance concrete, self-compacting concrete, decorative concrete, and sustainable formulations under the Green For Concrete label; Aggregates, produced under the Agregasa brand across quarrying and crushing facilities in Tekirdag, Bursa, and Edremit to supply graded crushed stone, gravel, and sand for construction and asphalt applications; Port Operations and Logistics, managed under the AkcansaPort brand at port facilities in Ambarli (Istanbul) and Canakkale, providing bulk and general cargo handling, warehousing, customs support, and maritime logistics services; and Alternative Fuel and Waste Co-Processing, utilizing industrial and municipal waste materials as alternative fuel and raw material inputs to optimize kiln energy consumption. Akcansa serves residential, commercial, and major infrastructure construction sectors throughout the Marmara, Aegean, and Black Sea regions of Turkey, while exporting clinker, cement, and specialty materials to international markets across the Mediterranean basin, Europe, and the Americas. In recent corporate developments, Heidelberg Materials reached an agreement to acquire the 39.72% equity stake held by long-standing joint venture partner Sabanci Holding, elevating Heidelberg Materials' ownership to 79.44% and transitioning Akcansa into a majority-controlled subsidiary to strengthen regional operating synergies. Operationally, the company has expanded its green transformation strategy through capital investments in waste heat energy recovery power generation systems, renewable energy installations, artificial intelligence-based kiln process optimization to lower energy intensity, and the accelerated market rollout of Environmental Product Declaration (EPD)-certified low-carbon cement and concrete solutions.