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Celebi Hava Servisi A.S.

Celebi Hava Servisi A.S.

BBIST:CLEBI
1,222.00
TRY
-23.00
(-1.85%)
149.33EPS
11.20P/E
38.47BMarket Cap
Celebi Hava Servisi A.S.
BIST:CLEBI
(Istanbul Exchange)

Recent

price

1,222.00

P/E

ratio

11.20

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TRY
14.42
19.45
21.06
20.9
25.57
30.13
29.2
37.77
61.03
77.28
63.44
105.36
249.88
447.11
522.67
750.11
755.6
Revenue per Share
0.79
0.31
0.86
0.13
2.25
3.42
1.1
3.51
8.42
7.92
-6.96
21.95
44.44
68.63
146.77
149.68
141.33
Basic EPS, GAAP
-0.05
-3.07
-0.26
2.23
5.66
2.88
1.01
5.71
3.91
5.3
14.42
22.09
55.07
81.48
142.44
45.95
123.6
Free Cash Flow per Basic Share
1.29
1.54
- -
0.75
- -
2
3
1.25
3.15
5.3
1.98
2.38
6.75
53.72
71.41
147.5
- -
Dividend per Share
4.25
1.62
2.3
1.67
3.93
5.47
3.6
6.54
13.84
20.99
14.68
55.72
114.92
190.78
294.02
345.35
288.5
Book Value per Share
-1.42
-4.22
-3.09
-3.69
-1.5
-0.74
-3.27
-1.85
3.01
9.25
0.76
21.92
69.93
119.29
210.98
290.13
231.14
Tangible Book Value per Share
24
24
24
24
24
24
24
24
24
24
24
24
24
24
24
24
24
Basic Weighted Avg Shares
350
473
512
508
621
732
710
918
1,483
1,878
1,542
2,560
6,072
10,865
12,701
18,228
18,361
Sales/Revenue/Turnover
12.9
9.27
8.27
10.9
14.64
16.06
8.04
15.51
17.92
15.22
10.32
20.65
25.79
23.21
23.76
22.77
23.72
Operating Margin (%)
27
33
33
33
33
35
36
38
67
127
154
206
366
627
946
1,046
1,041
Depreciation Expense
19
8
21
3
55
83
27
85
205
192
-169
533
1,080
1,668
3,566
3,637
3,434
Net Income, GAAP
35.3
61.36
31.67
127.42
22.15
20.07
28.31
19.54
2.96
9.05
- -
10.33
20.72
32.92
9.76
9.9
12.76
Effective Tax Rate (%)
5.45
1.61
4.1
0.6
8.78
11.34
3.78
9.3
13.8
10.24
-10.97
20.84
17.79
15.35
28.08
19.95
18.7
Profit Margin (%)
46
-14
-41
-15
-30
-5
-62
80
81
-168
-141
240
1,053
1,253
1,978
2,688
2,092
Working Capital
- -
231
188
236
179
158
169
283
488
705
1,087
1,697
2,000
3,851
4,140
7,262
6,948
LT Debt
117
50
64
47
106
144
102
169
353
572
446
1,670
3,252
5,215
7,676
9,395
8,029
Total Equity
24.51
7.09
7.72
-4.84
18.87
22.04
9.6
25.63
33.74
18.58
- -
14.2
23.04
20.31
20.95
21.38
21.43
Return on Invested Capital (%)
29.87
7.4
11.09
0.24
18.6
23.37
8.68
21.2
28.33
18.92
- -
18.62
21.83
19.28
29.77
23.28
23.02
Return on Capital (%)
17.1
10.68
44
6.33
80.22
72.71
24.35
69.3
82.64
45.45
-39.04
62.37
52.09
44.9
60.55
46.82
55.85
Return on Common Equity (%)

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
3,446
4,101
3,814
LT Borrowings
3,591
3,363
3,091
LT Finance Leases
3,670
3,583
3,857
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
24
24
24
Market Capitalization
37,009
41,869
38,467

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
10,033
10,365
9,921
Cash, Cash Equivalents & STI
3,811
4,549
4,357
Accounts Receivable, Net
2,106
1,811
2,150
Inventories
230
212
205
Total Current Liabilities
7,345
8,221
7,829
Payables & Accruals
- -
- -
- -
ST Debt
3,446
4,101
3,814
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
68.46%
99.77%
22.4%
Free Cash Flow
83.46%
51.49%
-67.74%
Net Income, GAAP
-4.65%
-28.52%
1.98%
Sales/Revenue/Turnover
43.91%
68.52%
43.52%
Total Cash Common Dividend
118.9%
207.96%
106.55%

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,526
4,632
5,807
5,213
12,701
2025
3,321
4,406
5,851
2,081
18,228
2026
4,583
5,846
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
21.01
25.08
57.42
43.25
146.77
2025
20.4
7.64
57.8
57.25
149.68
2026
0.27
26.02
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
8.41
71.41
2025
- -
- -
- -
- -
147.5
2026
- -
- -
- -
- -
- -
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Business
Çelebi Hava Servisi A.S. is a Turkey-based company specializing in ground handling, cargo, and warehouse services for domestic, foreign, and charter airlines as well as private air cargo companies. Its core services include aircraft ramp handling, passenger services such as luggage reception, boarding and deboarding assistance, cargo loading and unloading, flight operations support, warehouse management, aircraft maintenance services, refueling, security services including luggage and document inspection, and premium passenger services through its Çelebi Platinum brand. The company operates primarily in Turkey across major airports including Istanbul, Ankara, Antalya, Izmir, and several others, and extends its operations internationally with recent expansion into Indonesia and plans for cargo operations in Southeast Asia. Founded in 1958 and headquartered in Istanbul, Çelebi Hava Servisi is a subsidiary of Çelebi Aviation Holding A.S. In recent years, Çelebi has pursued strategic growth and modernization initiatives. Notably, in 2025 it secured an €18 million loan from the European Bank for Reconstruction and Development to acquire and convert its ground support equipment to electric-powered fleets across ten Turkish airports, enhancing sustainability and operational efficiency. The company expanded its international footprint by initiating cargo terminal operations at Indonesia’s Kualanamu International Airport and is advancing into the German market with the acquisition of Aviapartner Cargo. Çelebi also launched the Çelebi Platinum personalized premium service in Rize Airport, Turkey, further enhancing its service portfolio. Leadership changes in 2023 included new appointments to strengthen sales and marketing functions within the group. These initiatives position Çelebi as a leading integrated ground handling and cargo service provider with a focus on expanding global operations and sustainable aviation services.