BMS Birlesik Metal Sanayi ve Ticaret AS Class B

BMS Birlesik Metal Sanayi ve Ticaret AS Class B

BBIST:BMSTL
35.74
TRY
-2.00
(-5.30%)
-0.14EPS
13.64BMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.84
0.94
2.25
3.71
4.6
5.97
8.29
9.33
Basic EPS, GAAP
-0.04
0.01
0.21
0.41
0.06
-0.04
-0.23
-0.14
Free Cash Flow per Basic Share
- -
0.14
0.21
-0.27
-0.81
-1.14
0.45
0.43
Dividend per Share
- -
- -
- -
- -
0.04
- -
- -
- -
Book Value per Share
0.13
0.17
0.77
2
3.14
3.81
4.84
5.36
Tangible Book Value per Share
0.13
0.17
0.77
2
3.14
3.81
4.84
5.36
Basic Weighted Avg Shares
300
300
246
300
300
300
300
300
Sales/Revenue/Turnover
253
281
555
1,113
1,380
1,790
2,486
2,799
Operating Margin (%)
0.12
6.06
11.36
11.96
7.33
4.28
3.22
3.3
Depreciation Expense
1
1
11
21
36
52
105
114
Net Income, GAAP
-12
3
51
123
17
-11
-70
-42
Effective Tax Rate (%)
- -
20.06
17.26
- -
43.4
206.92
- -
- -
Profit Margin (%)
-4.66
1.05
9.19
11.08
1.22
-0.62
-2.83
-1.5
Working Capital
-3
-34
-3
185
166
63
261
287
LT Debt
87
75
85
62
167
143
165
118
Total Equity
32
42
190
601
943
1,143
1,452
1,607
Return on Invested Capital (%)
- -
10.2
15.13
- -
5.43
-5.94
- -
- -
Return on Capital (%)
- -
7.64
21.85
- -
3.61
-5.84
- -
- -
Return on Common Equity (%)
- -
7.97
43.95
31.15
2.19
-1.07
-5.41
-2.93

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
611
535
523
LT Borrowings
73
55
58
LT Finance Leases
93
78
60
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
300
300
300
Market Capitalization
13,643
12,675
13,635

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,039
929
1,183
Cash, Cash Equivalents & STI
351
140
173
Accounts Receivable, Net
290
363
442
Inventories
326
281
404
Total Current Liabilities
777
787
897
Payables & Accruals
- -
- -
- -
ST Debt
611
535
523
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
134.45%
26.98%
Free Cash Flow
- -
-25.41%
-139.87%
Net Income, GAAP
- -
410.99%
530.35%
Sales/Revenue/Turnover
- -
58.18%
38.91%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
477
401
441
472
1,790
2025
596
599
630
662
2,486
2026
662
846
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.03
0.02
-0.04
-0.05
-0.04
2025
-0.18
0.05
0.04
-0.14
-0.23
2026
-0.11
0.07
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

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

Company Description

Sector
Producer manufacturing
Industry
Metal fabrication
Address
Istanbul Turkey
IPO Date
Apr 27, 2022
Business
BMS Birlesik Metal Sanayi ve Ticaret AS Class B (BIST: BMSTL) manufactures and distributes galvanized and specialized steel wire products for industrial, agricultural, energy, and construction applications worldwide. Founded in 1968 and headquartered in Istanbul, Turkey, with primary manufacturing operations situated in the Dilovasi Machinery Specialized Organized Industrial Zone in Kocaeli, the company operates within the iron and steel processing industry. Its comprehensive product portfolio comprises hot-dip galvanized steel wire for overhead conductors, power transmission cables, cable armoring, and vineyard trellising; zinc-aluminum (Zn-Al/Galfan) alloy-coated steel wire engineered for high corrosion resistance in harsh environments; black annealed and bright commercial steel wire for construction tying and general industrial packaging; cold-drawn high- and low-carbon steel wires; stranded steel wires and wire ropes; spring and mattress wires; and specialized agricultural and security fencing wire solutions. The company distributes its products domestically and exports to more than 45 countries across Europe, North America, South America, and the Middle East, serving diverse sectors including energy infrastructure, automotive, agriculture, telecommunications, and building construction. In recent strategic and operational developments, BMS Birlesik Metal established a wholly owned United States subsidiary, BMS Steel US Inc., to expand North American commercial operations and market penetration. To meet growing market demand and boost manufacturing capacity, the company executed a factory lease and equipment acquisition agreement with Nuh Tel Sanayi AS, integrating an additional production facility and machinery into its galvanized wire operations. Furthermore, the company completed and connected its industrial solar photovoltaic power plant (GES) projects to the national grid to reduce operational energy costs and improve carbon efficiency, installed new automated production line equipment, and completed a bonus capital increase that expanded its paid-in equity base to 150 million Turkish Liras to fund ongoing capacity expansion and corporate development.