Bursa Cimento Fabrikasi A.S.

Bursa Cimento Fabrikasi A.S.

BBIST:BUCIM
4.15
TRY
-0.14
(-3.26%)
-0.31EPS
8.52BMarket 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
0.72
0.82
0.81
0.93
1.23
1.59
1.38
1.5
2.74
8.74
10.04
10.3
8.1
9.11
Basic EPS, GAAP
0.04
0.08
0.07
0.1
0.1
0.13
0.01
0.09
0.53
0.3
1.76
0.42
-0.54
-0.23
Free Cash Flow per Basic Share
0.02
0.03
- -
0.01
-0.04
0.04
0.1
0.04
-0.09
-1.85
-0.01
-1.8
-2.01
-1.21
Dividend per Share
0.01
0.02
0.03
0.02
0.03
0.03
0.01
0.01
0.01
0.02
0.14
0.14
0.11
-0.02
Book Value per Share
0.36
0.41
0.45
0.53
0.58
0.69
0.69
0.82
1.53
4.74
8.47
11.16
10.53
12.51
Tangible Book Value per Share
0.35
0.41
0.45
0.53
0.58
0.68
0.69
0.81
1.52
4.71
8.44
11.09
10.44
12.43
Basic Weighted Avg Shares
747
747
747
747
747
747
747
816
838
1,321
1,500
1,500
1,500
1,476
Sales/Revenue/Turnover
535
613
608
695
922
1,190
1,028
1,225
2,294
11,546
15,067
15,450
12,144
13,443
Operating Margin (%)
8.78
11.85
10.26
13.71
11.91
15.19
1.55
7.3
17.95
22.86
21.72
14.8
4.45
4.5
Depreciation Expense
13
15
21
24
29
33
40
42
46
287
483
670
799
896
Net Income, GAAP
31
59
49
75
71
97
10
75
447
393
2,647
634
-803
-334
Effective Tax Rate (%)
22.13
17.61
19.53
18.41
21.55
17.41
- -
16.26
18.03
61.78
- -
51.17
405.99
924.47
Profit Margin (%)
5.75
9.64
8.14
10.73
7.72
8.18
0.98
6.16
19.51
3.4
17.57
4.1
-6.61
-2.48
Working Capital
217
224
238
257
290
389
406
606
1,140
4,109
4,957
4,504
4,133
4,005
LT Debt
46
39
47
31
19
13
24
44
13
26
243
1,797
3,852
3,586
Total Equity
339
386
416
482
559
694
719
918
1,843
8,665
14,947
19,614
18,554
21,884
Return on Invested Capital (%)
10.84
15.54
12.85
16.58
15.29
24.18
- -
12.18
33.78
20.43
- -
4.59
-5.17
- -
Return on Capital (%)
6.86
12.59
10.56
12.11
8.52
6.18
- -
2.95
19.46
3.5
- -
4.2
-7.97
- -
Return on Common Equity (%)
11.89
20.47
15.25
20.25
17.09
20.47
1.95
12.72
42.66
9.19
26.7
4.3
-4.94
- -

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,824
3,217
3,519
LT Borrowings
3,826
3,968
3,556
LT Finance Leases
26
28
30
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,500
1,500
1,500
Market Capitalization
12,000
9,075
8,520

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
8,468
9,437
8,961
Cash, Cash Equivalents & STI
2,871
3,038
2,192
Accounts Receivable, Net
2,403
2,336
2,949
Inventories
2,070
2,710
2,669
Total Current Liabilities
4,336
4,715
4,955
Payables & Accruals
- -
- -
- -
ST Debt
2,824
3,217
3,519
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
65.66%
113.86%
-5.4%
Free Cash Flow
2,081.36%
4,284.11%
11.5%
Net Income, GAAP
139.64%
150.37%
-226.65%
Sales/Revenue/Turnover
58.39%
100.47%
-21.4%
Total Cash Common Dividend
96.33%
192.68%
-19.35%

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,466
3,565
3,087
3,496
15,450
2025
2,763
3,647
2,796
3,974
12,144
2026
2,679
3,994
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.28
-0.23
0.44
-0.06
0.42
2025
-0.21
-0.01
0.14
-0.51
-0.54
2026
-0.12
0.24
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
-0.12
0.1
0.14
2025
- -
- -
-0.06
0.04
0.11
2026
- -
- -
- -
- -
- -

Company Description

Full Time Employees
1,051
Sector
Non-energy minerals
Industry
Steel
Address
Bursa Turkey
IPO Date
Mar 28, 1993
Business
Bursa Cimento Fabrikasi A.S. is a Turkey-based heavy building materials and industrial manufacturing company primarily engaged in the production, distribution, and marketing of cement, clinker, ready-mixed concrete, and specialty steel products. Founded in 1966 and headquartered in Bursa, Turkey, the company operates integrated manufacturing facilities, aggregate quarries, and ready-mixed concrete batching plants across the Marmara and Aegean regions. Bursa Cimento Fabrikasi A.S. organizes its business into distinct operating segments comprising Cement and Clinker, Ready-Mixed Concrete, Special Steel, and Port and Logistics Operations. The company offers a comprehensive product and service portfolio that includes various grades of Portland cement, Portland composite cement, blast furnace slag cement, pozzolanic cement, and sulfate-resistant cement; grey and white clinker for domestic grinding and export; a broad range of standard, high-strength, lightweight, self-compacting, and fiber-reinforced ready-mixed concrete formulations marketed through its subsidiary Bursa Beton Sanayi ve Ticaret A.S.; specialty alloyed and non-alloyed engineering steel bars, billets, and automotive stabilizer bars manufactured through its publicly listed subsidiary Cemtas Celik Makina Sanayi ve Ticaret A.S.; comprehensive port handling, stevedoring, bulk cargo management, and bonded warehousing services operated via Rota Liman Hizmetleri A.S.; and industrial waste co-processing alongside electricity generation via waste heat recovery systems. The company serves domestic and international clients spanning the residential, commercial, and civil infrastructure construction sectors, as well as the automotive, machinery manufacturing, and transport logistics industries throughout Turkey, Europe, and neighboring export regions. In recent operational developments, Bursa Cimento Fabrikasi A.S. has executed extensive modernization and environmental sustainability programs across its Kestel production facility, incorporating advanced vertical grinding mill technologies to enhance energy efficiency and reduce specific clinker emission factors. Furthermore, the company has expanded its renewable energy footprint through the deployment of industrial solar power installations and upgraded its alternative fuel feeding systems to increase thermal substitution rates, while simultaneously advancing capacity optimization and automated production controls within its concrete and specialty steel subsidiaries.