Dyo Boya Fabrikalari Sanayi ve Ticaret A.S.

Dyo Boya Fabrikalari Sanayi ve Ticaret A.S.

BBIST:DYOBY
7.98
TRY
-0.54
(-6.34%)
-3.11EPS
4.05BMarket 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
1.9
2.29
2.34
2.58
3.08
3.57
3.78
4.94
7.67
27.19
41.04
46.76
34.06
35.57
Basic EPS, GAAP
0.04
0.06
0.01
0.04
-0.01
-0.13
0.07
0.45
- -
1.18
1.57
-0.74
-1.42
-3.11
Free Cash Flow per Basic Share
0.07
0.17
0.19
-0.13
0.07
-0.32
0.46
0.79
0.28
-5.17
-2.52
2.37
5.12
8.14
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
0.04
- -
0.8
- -
- -
- -
Book Value per Share
0.32
0.39
0.37
0.4
0.5
0.43
0.62
1.01
2.18
11.8
17.44
26.09
24.58
21.66
Tangible Book Value per Share
0.3
0.38
0.35
0.38
0.47
0.39
0.57
0.95
2.11
7.48
6.07
11.3
8.12
8.47
Basic Weighted Avg Shares
300
300
300
300
300
300
300
300
300
300
300
300
300
300
Sales/Revenue/Turnover
569
686
702
773
924
1,071
1,134
1,481
2,301
8,158
12,312
14,029
10,218
10,672
Operating Margin (%)
13.58
9.81
10.02
10.71
7.46
10.79
11.07
18.01
12.4
1.96
7.75
8.69
7.61
9.26
Depreciation Expense
12
15
17
19
20
29
42
42
45
203
330
479
493
379
Net Income, GAAP
11
18
3
12
-4
-38
20
134
-1
354
471
-221
-427
-934
Effective Tax Rate (%)
- -
- -
- -
- -
- -
- -
- -
8.79
- -
- -
- -
- -
- -
- -
Profit Margin (%)
1.99
2.57
0.42
1.49
-0.39
-3.57
1.78
9.02
-0.03
4.34
3.83
-1.58
-4.18
-8.75
Working Capital
75
49
65
120
49
-17
-27
30
-55
484
8
-1,901
-2,966
-2,475
LT Debt
222
192
205
269
241
222
224
121
116
48
3,212
2,277
2,012
1,841
Total Equity
96
118
112
120
149
130
187
303
653
3,540
5,233
7,828
7,373
6,497
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
29.6
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
27.32
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
14.32
16.53
2.58
9.97
-2.69
-27.43
12.76
54.61
-0.15
16.91
10.75
-3.39
-5.62
-16.75

Capital Structure

TRY

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
3,891
2,832
2,935
LT Borrowings
2,252
1,837
1,791
LT Finance Leases
25
39
51
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
300
300
300
Market Capitalization
6,744
6,420
4,050

Working Capital

TRY

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
6,542
7,072
5,543
Cash, Cash Equivalents & STI
454
126
88
Accounts Receivable, Net
4,206
5,083
3,185
Inventories
1,510
1,558
1,790
Total Current Liabilities
8,443
8,668
8,019
Payables & Accruals
- -
- -
- -
ST Debt
3,891
2,832
2,935
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
77.41%
129.91%
-5.82%
Free Cash Flow
-322.56%
-430.57%
116.06%
Net Income, GAAP
-4,792.7%
-9,890.26%
93.23%
Sales/Revenue/Turnover
42.97%
69.53%
-27.16%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,317
3,262
2,202
3,049
14,029
2025
3,169
2,252
- -
- -
10,218
2026
2,050
2,687
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.22
0.68
-0.27
-0.66
-0.74
2025
0.04
-2.22
- -
- -
-1.42
2026
0.16
-0.03
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Erdem Durgut
Full Time Employees
965
Sector
Process industries
Industry
Industrial specialties
Address
Izmir Turkey
IPO Date
Aug 12, 1987
Website
dyo.com.tr
Business
Dyo Boya Fabrikalari Sanayi ve Ticaret A.S. engages in the development, manufacture, marketing, and distribution of paints, specialized coatings, synthetic resins, and thermal insulation systems for architectural, industrial, automotive, and defense applications. The company operates through diverse product segments, offering decorative paints, including interior and exterior architectural paints, water- and solvent-based wall paints, primers, decorative plasters, wood stains, and varnishes under the DYO and Casati brands; industrial and protective coatings, comprising coil coatings, heavy-duty protective finishes, marine paints, and industrial maintenance coatings; automotive refinish paints, including OEM coatings, vehicle refinish paints, putties, primers, clearcoats, and thinners; furniture finishes, encompassing polyurethane, polyester, acrylic, and UV-curable wood varnishes, stains, and lacquers under the Dewilux brand; defense coatings, featuring military-grade protective and camouflage paint systems developed under the DYOGUARD brand for land, naval, and aerospace military platforms; powder coatings, consisting of thermosetting electrostatic powder paints for architectural and industrial metal finishing; thermal insulation systems, including external wall insulation composite systems, adhesive mortars, and finishing plasters under the Klimatherm and Dyotherm brands; and synthetic resins and auxiliaries, including unsaturated polyester resins, alkyd resins, and computer-controlled color-tinting systems. Founded in 1927 and headquartered in Izmir, Turkey, the company operates as a core subsidiary of Yasar Holding A.S., maintaining manufacturing facilities in Cigli (Izmir), Dilovasi (Kocaeli), and Turgutlu (Manisa), and exporting to over 40 countries across Europe, the Middle East, Central Asia, and Africa. In recent developments, the company has expanded its high-specification defense coatings line under the DYOGUARD brand following strategic accreditations with defense authorities; initiated the development and environmental permitting of a 10.5 MWm solar photovoltaic power plant (GES) in Mardin to power its production sites and lower carbon intensity; launched eco-efficient products including Akromax Suprema solar-reflective exterior coatings; achieved verification under corporate carbon footprint frameworks aligned with Turkish Sustainability Reporting Standards (TSRS); and strengthened its capital structure through the establishment of a TRY 1 billion domestic lease certificate (sukuk) issuance program and short-term debt financing issuances.