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Cimsa Cimento Sanayi ve Ticaret A.S.

Cimsa Cimento Sanayi ve Ticaret A.S.

BBIST:CIMSA
38.54
TRY
-1.02
(-2.58%)
44.54BMarket Cap
Nov 04Next Earn
Cimsa Cimento Sanayi ve Ticaret A.S.
BIST:CIMSA
(Istanbul Exchange)

Recent

price

38.54

P/E

ratio

- -

div

yld

-0.35%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TRY
0.75
0.85
0.91
1.01
1.16
1.24
1.24
1.58
1.8
1.67
2.2
3.96
22.02
31.31
38.97
48.55
- -
Revenue per Share
0.11
0.13
0.12
0.32
0.2
0.26
0.26
0.24
0.16
0.01
0.19
1.08
4.31
3.8
3.72
3.28
- -
Basic EPS, GAAP
0.08
0.03
- -
0.11
0.21
0.1
-0.37
-0.14
0.11
0.17
0.51
-0.33
2.32
-1.58
3.53
0.09
-0.43
Free Cash Flow per Basic Share
0.09
0.1
0.11
0.1
0.16
0.18
0.21
0.2
0.07
- -
- -
- -
0.43
0.87
1.68
0.75
-0.13
Dividend per Share
0.93
0.91
1.05
1.14
1.18
1.26
1.32
1.37
1.4
1.47
1.67
13.73
16.76
28.35
34.25
35.13
39.55
Book Value per Share
0.76
0.76
0.89
0.99
1.02
1.1
1.16
1.21
1.23
1.3
1.51
8.22
11.49
20.5
17.03
17.05
20.03
Tangible Book Value per Share
946
946
946
946
945
946
946
946
946
946
946
946
946
946
946
946
946
Basic Weighted Avg Shares
708
801
857
954
1,094
1,171
1,170
1,491
1,700
1,578
2,076
3,745
20,820
29,604
36,847
45,907
- -
Sales/Revenue/Turnover
19.93
19.76
18.13
17.29
22.59
24.34
23.63
19.96
15.81
7.41
14.23
15.5
5.39
12.06
11.26
9.69
- -
Operating Margin (%)
35
39
46
55
54
68
59
82
109
143
144
132
1,042
1,644
2,564
4,174
4,466
Depreciation Expense
104
123
115
302
193
245
246
228
155
13
176
1,017
4,077
3,596
3,518
3,102
- -
Net Income, GAAP
20.87
20.53
19.68
11.14
19.75
18.09
18.68
16.44
12.14
- -
8.75
- -
- -
- -
21.77
16.39
- -
Effective Tax Rate (%)
14.63
15.4
13.46
31.7
17.63
20.94
21.02
15.32
9.11
0.83
8.46
27.14
19.58
12.15
9.55
6.76
- -
Profit Margin (%)
59
22
-38
147
168
243
-330
-236
-496
-280
-381
211
4,309
4,633
-7,140
2,343
-3,315
Working Capital
27
79
109
41
20
213
212
550
451
821
255
5,107
4,555
7,275
9,973
21,747
20,917
LT Debt
880
862
1,033
1,127
1,170
1,291
1,359
1,422
1,451
1,486
1,839
16,054
21,227
33,834
41,934
43,454
47,461
Total Equity
10.9
11.97
9.36
12.01
15.63
16.56
13.02
11.13
9.78
- -
9.71
- -
- -
- -
6.22
5.76
- -
Return on Invested Capital (%)
10.21
12.96
11.46
23.95
15.79
17.08
13.71
11.4
9.75
- -
8.66
- -
- -
- -
8.84
5.77
- -
Return on Capital (%)
11.47
14.25
12.5
29.21
17.55
21.28
20.18
17.94
11.82
0.97
11.84
13.96
28.28
16.86
11.89
9.46
- -
Return on Common Equity (%)

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
7,471
9,290
10,143
LT Borrowings
20,706
18,164
19,512
LT Finance Leases
1,041
1,058
1,405
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
946
946
946
Market Capitalization
43,970
46,050
44,537

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
24,996
22,471
23,984
Cash, Cash Equivalents & STI
9,737
5,136
4,805
Accounts Receivable, Net
7,822
8,743
9,874
Inventories
6,787
7,319
8,066
Total Current Liabilities
22,653
23,291
27,299
Payables & Accruals
- -
- -
- -
ST Debt
7,471
9,290
10,143
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
93.03%
178.44%
3.62%
Free Cash Flow
-199.5%
-312.02%
-97.54%
Net Income, GAAP
185.77%
150.75%
-11.82%
Sales/Revenue/Turnover
69.33%
125.51%
24.59%
Total Cash Common Dividend
- -
- -
-55.17%

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,352
7,782
7,902
9,660
36,847
2025
11,653
14,394
- -
12,806
45,907
2026
11,632
13,000
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.53
1.82
1.64
-0.31
3.72
2025
0.38
1
- -
0.8
3.28
2026
0.68
1.41
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.11
0.08
1.68
2025
- -
- -
-0.17
0.03
0.75
2026
- -
- -
- -
- -
- -
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Business
Çimsa Çimento Sanayi ve Ticaret A.S. (CIMSA.IS) produces and sells cement, clinker, ready-mixed concrete, and related building materials, with a focus on specialized products including white cement, grey cement, calcium aluminate cement (CAC), refractory materials, construction chemicals, aggregates, iron and steel products, cement-based products such as tiles and precast materials, insulation materials, and recycled plastic packaging. Founded in 1972 and headquartered in Istanbul, Turkey, the company operates as a subsidiary of Hacı Ömer Sabancı Holding A.S. and maintains four integrated production plants in Turkey (Mersin, Eskişehir, Afyonkarahisar) along with international facilities including a white cement plant in Valencia, Spain; grinding plants in Houston, USA; an acquired facility from Mannok Holdings in Ireland; and terminals in Germany, Italy, Spain, the UK, and the TRNC. Çimsa leads globally as one of the world's top three CAC producers and a foremost white cement brand, exporting to over 70 countries across Europe, the Middle East, North Africa, North America, and beyond through its Netherlands-based subsidiary Çimsa Building Solutions BV, supported by R&D centers in Mersin, Turkey, and Munich, Germany. Recent developments include the October 2024 acquisition of nearly 95% of Ireland-based Mannok Holdings for an enterprise value of EUR330m, marking its third major global expansion after US and Spain initiatives; the October 2025 launch of a 600,000t/yr grey cement grinding plant in Houston, USA (US$82m investment); a November 2025 EUR50m green financing agreement with the EBRD for a new CAC kiln and decarbonization upgrades at the Mersin plant, following a prior EUR25m EBRD loan in 2024 and a US$70m IFC green loan; and ongoing sustainability investments to reduce emissions and advance low-carbon products.