Despec Bilgisayar Pazarlama ve Ticaret A.S.

Despec Bilgisayar Pazarlama ve Ticaret A.S.

BBIST:DESPC
22.48
TRY
-1.66
(-6.88%)
-4.56EPS
980.26MMarket Cap
Despec Bilgisayar Pazarlama ve Ticaret A.S.
BIST:DESPC
(Istanbul Exchange)

Recent

price

22.48

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TRY
6.1
6.63
5.63
6.15
7.16
7.67
8.39
11.33
15.07
12.19
28.63
33.68
111.84
254.22
417.05
475.33
381.7
Revenue per Share
0.37
0.42
0.34
0.38
0.36
0.42
0.45
0.37
0.9
0.54
0.88
1.81
-3.66
-4.99
0.87
-1.86
-4.56
Basic EPS, GAAP
0.48
0.44
-0.01
0.23
0.07
0.8
-0.08
-0.7
0.5
-0.42
-3.47
-1.3
12.38
8.06
10.63
21.9
7.94
Free Cash Flow per Basic Share
0.16
0.13
0.22
0.22
0.23
0.31
0.37
0.33
- -
0.52
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
1.53
1.81
1.82
2.12
2.24
2.35
2.43
2.47
3.37
3.39
4.26
6.07
13.29
14.22
19.45
17.59
17.87
Book Value per Share
1.53
1.81
1.82
2.12
2.24
2.35
2.41
2.45
3.35
3.37
4.25
6.06
13.21
14.06
19.28
17.42
17.71
Tangible Book Value per Share
22
23
23
23
23
23
23
23
23
23
23
23
23
23
23
23
23
Basic Weighted Avg Shares
135
152
129
141
165
176
193
261
347
280
659
775
2,572
5,847
9,592
10,933
8,779
Sales/Revenue/Turnover
7.72
6.78
5.91
6.76
5.56
3.88
4.03
3.59
5.57
4.95
3.39
5.14
5.85
2.46
3.89
5.52
4.09
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
- -
1
3
6
4
7
7
Depreciation Expense
8
10
8
9
8
10
10
8
21
12
20
42
-84
-115
20
-43
-105
Net Income, GAAP
20
20.2
15.56
25.56
20.73
20.17
20.11
19.68
21.89
21.92
23.18
24.86
- -
- -
70.23
1,045.31
- -
Effective Tax Rate (%)
6.01
6.36
6.13
6.19
4.96
5.52
5.37
3.22
6
4.44
3.08
5.38
-3.27
-1.96
0.21
-0.39
-1.2
Profit Margin (%)
34
40
42
49
51
54
55
55
76
76
94
137
289
284
416
383
387
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
1
1
1
1
1
5
6
6
LT Debt
35
42
42
49
52
54
56
57
77
78
98
140
306
327
447
405
411
Total Equity
19.4
19.78
14.5
23.12
18.31
17.34
16.97
15.15
25.41
14.82
14.86
15.77
- -
- -
53.37
-2,350.94
- -
Return on Invested Capital (%)
22.04
26.13
20.57
21.33
19.63
22.38
23.04
19.24
34.82
17.03
19.08
23.85
- -
- -
96.05
-2,521.91
- -
Return on Capital (%)
26.12
25.27
19.04
19.36
16.31
18.45
18.83
14.91
31
16.05
23.03
35.06
-37.79
-36.27
5.14
-10.02
-25.56
Return on Common Equity (%)

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
3
3
4
LT Borrowings
- -
- -
- -
LT Finance Leases
6
7
6
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
23
23
23
Market Capitalization
1,062
863
980

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
1,733
1,833
1,964
Cash, Cash Equivalents & STI
27
10
112
Accounts Receivable, Net
1,008
1,128
1,154
Inventories
375
470
572
Total Current Liabilities
1,350
1,438
1,578
Payables & Accruals
- -
- -
- -
ST Debt
3
3
4
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
26.34%
39.12%
-9.55%
Free Cash Flow
2.58%
-202.87%
106.06%
Net Income, GAAP
-43.43%
-118.38%
-314.63%
Sales/Revenue/Turnover
64.81%
91%
13.97%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,507
1,944
2,078
2,866
9,592
2025
3,237
3,608
5,948
1,155
10,933
2026
813
863
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-1.05
2.54
-0.86
0.13
0.87
2025
0.29
0.36
0.71
-2.54
-1.86
2026
-1.15
-1.58
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Business
Despec Bilgisayar Pazarlama ve Ticaret A.S. is a Turkey-based technology distributor specializing in information technology (IT) consumables, computer peripherals, storage media, and consumer electronics. The company serves as a vital supply chain link between global technology manufacturers and the Turkish marketplace, distributing products through an extensive nationwide channel of over 8,000 business partners, including computer retailers, office supply and stationery vendors, consumer electronics retail chains, and corporate value-added resellers. The company organizes its product and service offerings into comprehensive business lines: printer consumables and office supplies, comprising laser toner cartridges, inkjet cartridges, continuous ink systems, printer ribbons, thermal transfer ribbons, maintenance drums, and specialty papers; computer peripherals and mobile accessories, including wired and wireless keyboards, optical mice, laptop bags, tablet cases, charging adapters, connection cables, and ergonomic workspace accessories; data storage and backup media, including external hard drives, solid-state drives (SSDs), USB flash drives, memory cards, and optical media; smart home, security, and lifestyle technology, including robotic vacuum cleaners, smart home security cameras, smart wearables, audio headsets, and cryptocurrency hardware storage devices; and distribution support services, comprising supply chain logistics, centralized warehousing, B2B dealer portal management, channel financing support, and warranty facilitation. The company distributes products for leading international technology brands, including HP, Canon, Samsung, Lexmark, IBM, Philips, Belkin, SteelSeries, Targus, Trust, Baseus, Jabra, Hikvision, Hiksemi, OKI, and Glorious. In recent operational and strategic developments, Despec Bilgisayar has actively diversified its revenue base by expanding its non-consumable product lines, specifically targeting high-growth consumer technology, smart lifestyle products, and gaming hardware. The company expanded its distribution partnerships with leading peripheral and smart device brands, securing and scaling distribution channels for Belkin accessories, Glorious gaming peripherals, Baseus mobile solutions, and +360 smart cleaning technologies. In 2025, the company executed corporate amendments to the capital clauses of its articles of association to align its governance and equity structure with updated regulatory standards. Operationally, Despec has continued to leverage Index Group's centralized logistics infrastructure and modernized B2B electronic distribution platforms to mitigate working capital pressures, streamline fulfillment times, and optimize inventory turnover across its domestic distribution network. Founded in 1995 and headquartered in Istanbul, Turkey, Despec Bilgisayar Pazarlama ve Ticaret A.S. operates as a core subsidiary of Indeks Bilgisayar and forms an integral part of the Index Group (Indeks Grup), one of Turkey's largest IT distribution conglomerates. The company's shares have been publicly listed and traded on Borsa Istanbul under the ticker symbol DESPC since December 2010.