Altin Yunus Cesme Turistik Tesisler A.S.

Altin Yunus Cesme Turistik Tesisler A.S.

BBIST:AYCES
297.50
TRY
-9.50
(-3.09%)
-0.03EPS
11.17BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.03
1.09
1.19
0.87
1.14
1.66
2.28
1.06
2.52
7.82
12.9
16.29
15.2
15.17
Basic EPS, GAAP
-0.04
-0.04
-0.07
-0.36
-0.22
0.02
0.13
-0.49
0.64
0.69
-1.69
-7.27
-2.73
-0.03
Free Cash Flow per Basic Share
0.01
0.02
-0.1
-0.22
-0.05
0.25
0.34
0.04
0.76
-0.93
0.72
-0.38
0.23
-0.62
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
4.37
4.32
6.72
6.36
6.51
6.53
8.98
8.55
21.85
100.72
138.16
194.46
191.78
162.1
Tangible Book Value per Share
4.37
4.31
6.72
6.36
6.51
6.53
8.96
8.53
21.8
100.39
137.72
194
191.32
161.74
Basic Weighted Avg Shares
22
22
22
22
22
22
21
21
25
25
25
25
25
25
Sales/Revenue/Turnover
23
24
27
20
25
37
47
22
63
196
323
407
380
379
Operating Margin (%)
5.18
0.34
-0.97
-36.08
-8.84
10.58
16.5
-35.34
27.47
-0.56
-5.41
-14
-26.05
-6.52
Depreciation Expense
3
4
4
5
5
5
5
9
9
39
71
102
120
96
Net Income, GAAP
-1
-1
-2
-8
-5
- -
3
-10
16
17
-42
-182
-68
-1
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
16.07
756.53
- -
- -
192.59
Profit Margin (%)
-4.05
-4.12
-5.79
-41.2
-19.22
1.32
5.83
-46.66
25.55
8.85
-13.08
-44.66
-17.94
-0.17
Working Capital
-6
-8
-2
-5
-11
-16
-4
-9
2
15
17
- -
-32
-28
LT Debt
3
- -
9
14
11
4
16
15
13
23
34
47
104
30
Total Equity
98
97
151
142
146
146
225
214
546
2,518
3,454
4,862
4,794
4,052
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
-0.19
3.78
- -
- -
0.68
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
1.44
-3.86
- -
- -
-0.33
Return on Common Equity (%)
-0.98
-1.03
-1.24
-5.5
-3.39
0.34
1.49
-4.68
4.24
1.13
-1.41
-4.37
-1.41
-0.02

Capital Structure

TRY

•

in mil. unless spec.
Sep'24
Dec'24
Mar'25
ST Debt
19
1
6
LT Borrowings
- -
- -
- -
LT Finance Leases
87
47
30
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
25
25
25
Market Capitalization
11,363
13,013
11,169

Working Capital

TRY

•

in mil. unless spec.
Sep'24
Dec'24
Mar'25
Total Current Assets
72
50
60
Cash, Cash Equivalents & STI
42
37
27
Accounts Receivable, Net
17
5
22
Inventories
6
6
5
Total Current Liabilities
78
51
88
Payables & Accruals
- -
- -
- -
ST Debt
19
1
6
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
63.9%
118.59%
-1.38%
Free Cash Flow
92.33%
311.57%
-160.88%
Net Income, GAAP
-5.94%
-65.04%
-62.52%
Sales/Revenue/Turnover
50.51%
96.24%
-6.68%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
35
63
201
62
407
2025
53
- -
- -
53
380
2026
58
- -
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-6.37
0.69
2.75
-1.69
-7.27
2025
-1.78
- -
- -
-3.36
-2.73
2026
-1.89
- -
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Serkan Aslan
Sector
Consumer services
Industry
Hotels/Resorts/Cruise lines
Address
Izmir Turkey
IPO Date
Aug 28, 1987
Business
Altin Yunus Cesme Turistik Tesisler A.S. is a Turkey-based hospitality and tourism company engaged in the ownership, development, and operation of integrated resort hotels, thermal wellness facilities, and marina services. Founded in 1974 and headquartered in Cesme, Izmir, Turkey, the company operates as a subsidiary of Yasar Holding A.S. and serves domestic and international leisure travelers, corporate groups, and yachting clients. The company's core operations are structured into several main hospitality and leisure service categories: Accommodation Services, comprising standard guest rooms, superior rooms, luxury suites, marin suites, and private beach villas equipped with residential amenities; Food and Beverage Services, featuring full-service fine-dining restaurants, open-buffet dining halls, specialty Aegean and Mediterranean seafood eateries, poolside snack bars, beach clubs, patisseries, and lounge bars; Thermal and Wellness Services, operating under its dedicated spa and thalassotherapy center which provides indoor and outdoor natural thermal pools, seawater thalasso pools, traditional Turkish baths (hamams), Finnish saunas, steam rooms, fitness facilities, and balneotherapy, hydrotherapy, and personalized massage treatments; Meetings, Incentives, Conferences, and Exhibitions (MICE) Services, offering multi-functional convention halls, meeting rooms, ballrooms, and open-air event spaces supported by audiovisual technologies for corporate summits, banquets, and private social events; Marina and Yachting Services, providing private yacht mooring, docking facilities, berthing maintenance, security, and marine utility services; and Recreational and Leisure Facilities, encompassing private beach access, freshwater and seawater swimming pools, tennis courts, water sports centers, diving instruction facilities, and children's activity clubs. In recent developments, Altin Yunus Cesme Turistik Tesisler A.S. has executed extensive multi-phase renovation and facility modernization programs aimed at upgrading guest room interiors, recreational infrastructure, and thermal wellness centers to strengthen its position in premium and all-season health tourism. The company has advanced its environmental sustainability initiatives by implementing resource-efficiency investments, energy management systems, and obtaining Sustainable Tourism Certification in accordance with international Global Sustainable Tourism Council (GSTC) criteria. In addition, the company has upgraded its digital sales and guest management infrastructure through enhanced direct-booking systems and automated guest service platforms, while expanding targeted promotional partnerships in European and Middle Eastern markets to boost off-season thermal and congress tourism occupancy.