Dogan Sirketler Grubu Holding A.S.

Dogan Sirketler Grubu Holding A.S.

BBIST:DOHOL
16.57
TRY
-0.72
(-4.16%)
2.81EPS
8.74P/E
52.74BMarket 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
1.26
1.35
2.27
2.96
2.96
4.65
5.08
4.14
6.48
11.43
29.23
40.08
36.4
39.04
Basic EPS, GAAP
-0.01
-0.09
-0.06
-0.08
-0.12
1.39
0.24
0.53
1.09
0.09
-0.08
2.16
0.7
2.35
Free Cash Flow per Basic Share
0.15
-0.03
0.05
-0.05
-0.36
-0.69
0.28
0.01
0.14
-6.74
-1.52
9.71
6.52
8.16
Dividend per Share
- -
- -
- -
- -
0.09
- -
0.1
0.04
0.07
0.47
0.39
0.08
0.35
0.04
Book Value per Share
1.33
1.05
1.17
1.24
1.13
2.55
2.74
3.24
4.98
15.91
27
32.22
32.54
37.1
Tangible Book Value per Share
0.68
0.58
0.66
0.65
0.62
2.27
2.48
2.8
4.46
11.72
21.06
24.37
24.5
25.65
Basic Weighted Avg Shares
2,617
2,617
2,617
2,617
2,614
2,614
2,610
2,604
2,595
2,590
2,590
2,617
2,574
2,527
Sales/Revenue/Turnover
3,301
3,543
5,951
7,755
7,739
12,146
13,254
10,770
16,822
29,606
75,706
104,887
93,680
98,665
Operating Margin (%)
-1.3
-2.94
0.6
1.48
-0.22
2.47
2.6
5.17
7.06
3.72
8.03
0.13
4.2
7.17
Depreciation Expense
258
295
314
486
615
349
316
336
412
2,130
5,293
5,244
6,329
5,856
Net Income, GAAP
-38
-225
-161
-219
-323
3,633
617
1,390
2,828
232
-210
5,651
1,792
5,929
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
18.11
16.62
20.38
- -
82.73
20.39
66.24
24.48
Profit Margin (%)
-1.16
-6.35
-2.7
-2.83
-4.18
29.91
4.65
12.91
16.81
0.78
-0.28
5.39
1.91
6.01
Working Capital
1,954
1,779
1,270
1,123
-266
4,030
4,157
5,291
9,581
25,740
43,250
45,005
41,585
51,419
LT Debt
1,059
1,109
666
895
747
626
596
1,061
1,438
4,297
7,497
13,610
6,484
8,936
Total Equity
4,000
2,910
3,463
3,671
3,353
7,002
7,631
9,378
14,320
50,710
79,837
96,911
97,371
112,318
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
8.62
9.05
10.9
- -
3.16
5.09
2.88
6.69
Return on Capital (%)
- -
- -
- -
- -
- -
- -
9.72
13.48
19.06
- -
0.8
9.87
2.58
6.17
Return on Common Equity (%)
-1.19
-7.49
-5.52
-6.95
-10.44
75.51
8.94
17.85
26.5
0.86
-0.38
7.39
2.15
7.04

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
28,090
30,928
34,746
LT Borrowings
5,538
7,612
7,703
LT Finance Leases
946
990
1,233
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,573
2,573
2,573
Market Capitalization
43,607
51,377
52,740

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
114,038
125,012
138,288
Cash, Cash Equivalents & STI
74,096
81,411
89,113
Accounts Receivable, Net
8,620
8,167
8,876
Inventories
7,549
8,836
9,339
Total Current Liabilities
72,453
77,647
86,868
Payables & Accruals
- -
- -
- -
ST Debt
28,090
30,928
34,746
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
52.42%
77.22%
0.47%
Free Cash Flow
-364.34%
-782.32%
-34.02%
Net Income, GAAP
-413.38%
-607.16%
-68.28%
Sales/Revenue/Turnover
39.32%
63.15%
-10.68%
Total Cash Common Dividend
- -
182.79%
358.82%

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
24,349
20,908
28,595
22,406
104,887
2025
24,379
29,422
21,848
26,661
93,680
2026
23,932
26,224
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.51
0.43
0.55
0.53
2.16
2025
-0.26
0.04
0.05
0.91
0.7
2026
0.13
1.28
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.01
- -
0.08
2025
- -
- -
- -
0.05
0.35
2026
- -
- -
- -
- -
- -

Company Description

CEO
Çaglar Gögüs
Full Time Employees
7,160
Sector
Retail trade
Industry
Specialty stores
Address
Kisikli Caddesi No: 65 Istanbul IB Turkey 34676
IPO Date
Jun 21, 1993
Business
Dogan Sirketler Grubu Holding A.S. (DOHOL.IS) is a diversified holding company that invests in and supports subsidiaries across electricity generation, mining, industry and trade, automotive trade and marketing, finance and investment, internet and entertainment, and real estate sectors primarily in Turkey. Founded in 1959 by Aydin Dogan and headquartered in Istanbul, the group operates through key subsidiaries including Galata Wind, which generates electricity from hydroelectric, wind, and solar sources with 354MW capacity as of mid-2025; Gümüştaş Mining and Doku Mining, focusing on mineral production and processing with ongoing capacity expansions; Sesa Packaging, producing packaging materials with emphasis on premium exports; Karel Elektronik, manufacturing electronics and telecommunications equipment; Doğan Trend Otomotiv, distributing brands such as Suzuki, MG Motors, Vespa, Piaggio, and electrified mobility products through over 70 dealers; Hepiyi Insurance, a digital insurer leading in motor own damage and third-party liability segments; D Investment Bank and Doruk Factoring, providing investment banking and factoring services; and real estate units like D Gayrimenkul. The company maintains strategic partnerships with international groups and employs over 9,900 people across its operations, which extend to Europe including ready-to-build renewable projects in Germany and Italy. In recent developments, Dogan Holding acquired 75% stakes in Gümüştaş Mining for USD 123 million and Doku Mining for USD 13.5 million in 2024 to diversify into mining; sold its stakes in Doğan Music Company and Doğan Burda in 2024 for EUR 38.3 million and USD 4.8 million respectively to simplify its portfolio; exited Ditas automotive parts and Boyabat Hydroelectric Power Plant in 2025, releasing financial liabilities; advanced Galata Wind's capacity by 57MW in the first half of 2025 and progressed European solar-plus-storage projects; and increased D Investment Bank's capital by approximately USD 30 million in 2025 to fuel growth, while targeting USD 4 billion NAV by 2030 through core asset optimization.