Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm A.S.

Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm A.S.

BBIST:FLAP
10.02
TRY
-0.20
(-1.96%)
-0.91EPS
1.65MMarket Cap
Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm A.S.
BIST:FLAP
(Istanbul Exchange)

Recent

price

10.02

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TRY
0.8
0.51
0.31
0.5
2.44
0.98
1.81
0.97
0.69
0.18
0.7
2.26
4.08
4.97
3.82
5.2
Revenue per Share
0.05
0.05
0.01
0.03
0.16
0.15
0.11
0.06
0.09
-0.09
0.46
-0.4
1.93
-0.96
0.18
-0.91
Basic EPS, GAAP
0.03
-0.15
-0.13
-0.01
0.95
-0.94
0.09
0.15
-0.07
0.08
0.34
0.2
0.13
0.35
0.03
1.48
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.09
0.07
- -
Dividend per Share
0.34
0.54
0.37
0.41
0.71
0.78
0.88
0.93
1.08
1.03
1.81
5.09
9.1
10.74
10.75
7,447.83
Book Value per Share
0.34
0.54
0.37
0.41
0.71
0.78
0.88
0.93
1.08
1.03
1.81
5.09
9.1
10.74
10.75
7,447.83
Tangible Book Value per Share
41
60
68
68
68
68
68
68
68
68
65
94
94
94
94
70
Basic Weighted Avg Shares
33
30
21
34
165
66
122
66
46
12
46
212
382
466
358
366
Sales/Revenue/Turnover
12.18
8.06
-2.05
-2.91
6.93
16.58
6.61
11.39
5.24
-136.67
0.86
1.21
6.52
1.16
0.72
-0.66
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-1
2
3
4
3
Depreciation Expense
2
3
1
2
11
10
7
4
6
-6
30
-38
181
-90
17
-64
Net Income, GAAP
17.79
15.39
- -
8
21.56
19.76
32.02
39.58
- -
- -
1.19
- -
- -
- -
- -
- -
Effective Tax Rate (%)
6.84
9.28
3.89
6.78
6.53
14.95
6.03
6.51
13.74
-49.75
64.98
-17.9
47.26
-19.41
4.77
-17.51
Profit Margin (%)
-7
-2
2
14
25
33
32
25
26
6
88
98
143
155
103
175
Working Capital
- -
- -
3
3
2
1
2
13
13
10
7
8
3
- -
- -
65
LT Debt
21
37
25
28
48
53
60
63
73
70
170
477
853
1,007
1,008
1,117
Total Equity
- -
7.18
- -
-2.29
21.67
14.94
9.94
6.47
- -
- -
0.24
- -
- -
- -
- -
- -
Return on Invested Capital (%)
- -
9.84
- -
12.38
27.19
19.33
13.46
7.11
- -
- -
22.86
- -
- -
- -
- -
- -
Return on Capital (%)
- -
9.84
2.63
8.69
28.61
19.73
13.15
6.98
9.37
-8.27
24.95
-11.72
27.14
-9.72
1.7
-6.31
Return on Common Equity (%)

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
18
3
31
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
65
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
94
94
- -
Market Capitalization
837
1,036
2

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
253
268
384
Cash, Cash Equivalents & STI
27
24
100
Accounts Receivable, Net
37
18
27
Inventories
107
155
171
Total Current Liabilities
150
176
209
Payables & Accruals
- -
- -
- -
ST Debt
18
3
31
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
46.25%
84.38%
0.13%
Free Cash Flow
-29.73%
61.48%
-90.99%
Net Income, GAAP
-189.74%
-335.56%
-118.89%
Sales/Revenue/Turnover
60.26%
145.53%
-23.06%
Total Cash Common Dividend
- -
- -
-20.68%

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
34
96
33
216
466
2025
49
122
20
196
358
2026
54
96
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.73
-0.08
-0.16
0.12
-0.96
2025
0.17
- -
-0.08
0.11
0.18
2026
-0.46
-164.15
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
0.09
2025
- -
- -
- -
- -
0.07
2026
- -
- -
- -
- -
- -
Business
Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm A.S. is a Turkey-based provider of professional congress, meeting, tourism, and automotive fleet services. Founded in 1993 and headquartered in Ankara, Turkey, the company operates across the meetings, incentives, conferences, and exhibitions (MICE) sector, corporate travel management, and commercial vehicle leasing industries. Flap Kongre Toplanti Hizmetleri provides end-to-end event organization, destination management, and transport solutions to medical associations, governmental bodies, academic institutions, and multinational corporations across Turkey and international markets. The company structures its operations into three primary business divisions: Congress and Meeting Organization, Tourism and Travel Services, and Automotive Services. Its Congress and Meeting Organization division delivers turnkey event planning and execution, including medical congress organization, scientific symposium management, corporate convention planning, and trade exhibition management; venue sourcing, contract negotiation, and site management; online and on-site participant registration and credentialing systems; abstract submission and scientific program management; audio-visual staging, acoustic engineering, and dynamic lighting production; simultaneous translation and multi-language interpretation equipment; digital event applications, virtual conference platforms, and hybrid broadcasting services; custom exhibition booth design, modular stand fabrication, and venue branding; and event marketing, sponsorship management, and promotional merchandising. Its Tourism and Travel Services division provides domestic and international airline ticketing; individual and group hotel booking and accommodation management; destination management services (DMC); incentive travel and corporate team-building programs; cultural and corporate excursion planning; and VIP airport protocol, luggage handling, and ground concierge services. Its Automotive Services division provides long-term operational fleet leasing; short-term corporate vehicle rentals; chauffeur-driven executive transport; airport transfer services; and specialized ground logistics coordination for large-scale conferences and corporate delegations. In recent developments, Flap Kongre Toplanti Hizmetleri Otomotiv ve Turizm A.S. has implemented strategic initiatives to expand its operational footprint and modernize service delivery. The company has accelerated the deployment of proprietary digital event software, hybrid broadcast studios, and digital registration platforms to address rising demand for data-integrated and virtual conference environments. To strengthen its financial structure and support continued business expansion, the company has executed capital management and registered capital ceiling adjustments approved by the Capital Markets Board of Turkey (SPK). In addition, the company has diversified its business portfolio through direct investments in solar energy (GES) generation projects, advancing corporate sustainability and self-generation energy capabilities. Flap Kongre Toplanti Hizmetleri has also deepened commercial collaboration with its automotive affiliate Beyaz Filo Oto Kiralama A.S. to optimize fleet utilization and expanded multi-year event service contracts with major healthcare organizations and corporate clients across Europe and the Middle East.