1. Turkey Stocks

  2. •

    Consumer non-durables

  3. •

    Apparel/Footwear
Desa Deri Sanayi ve Ticaret A.S.

Desa Deri Sanayi ve Ticaret A.S.

BBIST:DESA
8.07
TRY
+0.35
(+4.53%)
1.05EPS
11.04P/E
5.66BMarket Cap
Nov 02Next Earn
Desa Deri Sanayi ve Ticaret A.S.
BIST:DESA
(Istanbul Exchange)

Recent

price

8.07

P/E

ratio

11.04

div

yld

1.96%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TRY
0.26
0.36
0.37
0.37
0.43
0.4
0.31
0.42
0.71
0.87
0.48
0.88
5.2
7.22
7.96
7.79
8.36
Revenue per Share
- -
- -
0.01
-0.01
0.01
-0.01
-0.03
- -
0.02
0.04
- -
0.09
0.4
1.46
0.88
1.18
1.05
Basic EPS, GAAP
0.01
- -
-0.02
-0.03
0.01
-0.03
-0.03
- -
0.02
0.12
-0.04
0.2
0.57
0.78
-0.34
1.93
1.06
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.23
0.16
Dividend per Share
0.12
0.12
0.14
0.13
0.14
0.13
0.1
0.14
0.15
0.19
0.19
0.42
2.25
4.78
7.16
7.82
9.68
Book Value per Share
0.11
0.12
0.14
0.13
0.14
0.13
0.1
0.14
0.15
0.19
0.19
0.42
2.24
4.78
7.14
7.81
9.66
Tangible Book Value per Share
490
490
490
490
490
490
490
490
490
490
490
490
489
490
490
490
494
Basic Weighted Avg Shares
127
175
181
183
211
197
151
207
348
428
233
432
2,545
3,536
3,901
3,818
4,132
Sales/Revenue/Turnover
0.2
6.54
4.23
4.98
4.45
4.26
0.8
5.95
15.85
15.62
19.62
21
24.12
26.19
24.19
19.13
16.89
Operating Margin (%)
4
4
5
4
4
4
4
4
5
27
22
33
268
413
396
441
447
Depreciation Expense
1
1
3
-3
5
-4
-13
- -
8
18
2
46
197
716
429
581
517
Net Income, GAAP
- -
50.14
20.57
- -
8.54
- -
- -
- -
23.44
18.36
40.85
13.17
37.61
21.55
35.59
35.23
38.24
Effective Tax Rate (%)
0.43
0.72
1.66
-1.59
2.25
-2.08
-8.78
-0.09
2.41
4.26
0.71
10.72
7.72
20.25
11
15.2
12.52
Profit Margin (%)
38
35
38
53
46
58
54
22
36
13
94
161
600
1,240
1,942
2,348
2,934
Working Capital
- -
4
2
21
15
32
46
21
27
47
89
138
155
154
199
165
240
LT Debt
57
58
70
64
68
64
50
70
75
94
95
208
1,103
2,345
3,506
3,834
4,744
Total Equity
- -
6.36
5.23
- -
6.75
- -
- -
- -
17.78
22.37
8.34
17.19
36.46
31.14
13.09
11.72
9.1
Return on Invested Capital (%)
- -
2.99
4.95
- -
5.95
- -
- -
- -
7.58
21.96
4.69
19.1
25.46
40.67
16.6
16.53
13.92
Return on Capital (%)
0.97
2.2
4.69
-4.37
7.23
-6.23
-23.49
-0.31
11.52
21.56
1.75
30.64
29.97
41.54
14.66
15.82
12.74
Return on Common Equity (%)

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
149
244
166
LT Borrowings
- -
- -
- -
LT Finance Leases
165
105
240
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
490
490
490
Market Capitalization
5,493
6,542
5,660

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,590
3,829
4,181
Cash, Cash Equivalents & STI
1,849
1,841
1,861
Accounts Receivable, Net
431
314
410
Inventories
1,253
1,614
1,839
Total Current Liabilities
1,241
1,221
1,247
Payables & Accruals
- -
- -
- -
ST Debt
149
244
166
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
77.38%
144.36%
9.35%
Free Cash Flow
-23.78%
-223.82%
-661.66%
Net Income, GAAP
-115.03%
659.61%
35.33%
Sales/Revenue/Turnover
68.02%
124.19%
-2.12%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
746
884
964
906
3,901
2025
993
1,361
817
1,029
3,818
2026
949
1,337
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.05
0.41
0.28
0.09
0.88
2025
0.33
0.31
0.23
0.42
1.18
2026
0.23
0.17
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
0.16
0.23
2026
- -
- -
- -
- -
- -
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Business
Desa Deri Sanayi ve Ticaret A.S. is a Turkey-based vertically integrated leather goods company engaged in the tanning, design, manufacturing, wholesale, and retail distribution of premium leather apparel, footwear, accessories, and travel goods. Founded in 1972 and headquartered in Istanbul, Turkey, the company operates across domestic retail, wholesale, international export, and luxury contract manufacturing segments. The company offers a comprehensive portfolio of products and services structured across key categories: leather and shearling apparel, comprising men's and women's leather jackets, coats, shearling outerwear, and tailored leather clothing; leather accessories, including handbags, shoulder bags, tote bags, clutches, wallets, cardholders, belts, and tech accessories; footwear, consisting of formal leather shoes, casual footwear, boots, and sneakers; travel gear and luggage, featuring suitcases, business bags, backpacks, duffle bags, and travel organizers; specialty leather goods, such as equestrian saddlery and custom luxury leather articles; industrial tanning and contract manufacturing services, providing raw hide processing, finished leather production, prototype design, and private-label OEM/ODM manufacturing for leading international luxury fashion houses; and brand management and retail distribution, operating retail networks and serving as the regional distributor for global travel brands including Samsonite and Tumi. The company conducts its manufacturing operations through a specialized tannery in Corlu, major production plants in Istanbul and Duzce, and a production and R&D facility in Poppi, Italy, supported by international commercial subsidiaries and offices including Desa Deutschland GmbH in Germany and Desa International UK Ltd in the United Kingdom. In recent corporate developments, Desa Deri Sanayi ve Ticaret A.S. established a new biotechnology subsidiary, Nuera Biofabrikasyon A.S., to develop laboratory-cultivated bio-fabricated leather and sustainable material technologies; expanded its Tuscan manufacturing and research facility in Poppi, Italy, to broaden its European luxury clientele and provide certified Made in Italy luxury production; launched strategic retail expansion initiatives targeting new store openings across domestic and regional markets; implemented corporate capital augmentations through bonus share distributions; and strengthened its environmental compliance by maintaining Leather Working Group Gold Standard certification across its tanning operations.