Kaplamin Ambalaj Sanayi ve Ticaret A.S.

Kaplamin Ambalaj Sanayi ve Ticaret A.S.

BBIST:KAPLM
94.00
TRY
-10.40
(-9.96%)
-7.24EPS
4.23BMarket Cap
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
TTM
Revenue per Share
4.66
4.64
6.17
6.28
5.68
7.46
10.42
9.34
11.62
23.62
95.7
97.25
87.99
108.7
Basic EPS, GAAP
0.05
-0.09
-0.09
-0.37
-0.04
0.43
0.32
-0.16
0.39
1.73
4.54
-4.43
-5.11
-7.17
Free Cash Flow per Basic Share
-0.09
-0.02
-0.02
-0.08
-0.14
0.26
0.54
-0.18
0.27
0.59
0.76
-2.94
-15.5
-21.14
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.85
- -
- -
- -
Book Value per Share
1.36
1.26
1.17
0.79
0.73
2.28
2.57
2.36
2.7
4.43
36.83
47.71
50.35
54.92
Tangible Book Value per Share
1.36
1.26
1.16
0.78
0.73
2.28
2.57
2.36
2.69
4.41
36.76
47.66
50.32
54.91
Basic Weighted Avg Shares
20
20
20
20
20
20
20
20
20
20
20
20
20
20
Sales/Revenue/Turnover
93
93
123
126
114
149
208
187
232
472
1,914
1,945
1,760
2,176
Operating Margin (%)
3.34
0.6
0.32
-2.53
3.62
9.13
7.9
4.85
8.18
9.97
8.15
0.68
0.31
-1.5
Depreciation Expense
2
2
3
3
3
3
6
5
7
10
65
92
98
100
Net Income, GAAP
1
-2
-2
-7
-1
9
6
-3
8
35
91
-89
-102
-143
Effective Tax Rate (%)
- -
- -
- -
- -
- -
17.97
21.53
- -
18.75
20.85
6.56
- -
- -
- -
Profit Margin (%)
1.18
-2.04
-1.52
-5.92
-0.62
5.79
3.07
-1.76
3.34
7.31
4.75
-4.55
-5.81
-6.59
Working Capital
-2
-6
-5
-11
-13
-9
4
-6
-8
16
81
-8
-84
-133
LT Debt
1
3
4
4
1
- -
6
5
5
2
2
7
27
33
Total Equity
27
25
23
16
15
46
51
47
54
89
770
1,004
1,052
1,152
Return on Invested Capital (%)
- -
- -
- -
- -
- -
24.31
19.03
- -
15.35
38.91
28.32
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
22.65
17.89
- -
14.99
38.13
23.14
- -
- -
- -
Return on Common Equity (%)
4.08
-7.22
-7.71
-38.04
-4.61
28.68
13.18
-6.65
15.33
48.44
22.02
-10.47
-10.43
-15.38

Capital Structure

TRY

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
300
507
650
LT Borrowings
- -
- -
- -
LT Finance Leases
27
21
33
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
20
20
20
Market Capitalization
3,750
3,572
4,228

Working Capital

TRY

•

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
761
1,149
1,343
Cash, Cash Equivalents & STI
9
52
47
Accounts Receivable, Net
569
814
1,024
Inventories
149
155
200
Total Current Liabilities
846
1,274
1,477
Payables & Accruals
- -
- -
- -
ST Debt
300
507
650
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
106.02%
176.66%
4.85%
Free Cash Flow
-7.35%
-30.67%
427.2%
Net Income, GAAP
-131.42%
-2.08%
15.5%
Sales/Revenue/Turnover
47.78%
84.98%
-9.52%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
472
554
415
525
1,760
2025
643
592
615
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-1.91
-1.39
-1.53
-0.95
-5.11
2025
-4.87
0.18
-4.15
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

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

Company Description

CEO
Isa Doganli
Full Time Employees
200
Sector
Process industries
Industry
Containers/Packaging
Address
Izmir Turkey
IPO Date
Sep 4, 1995
Business
Kaplamin Ambalaj Sanayi ve Ticaret A.S. is a Turkey-based packaging manufacturing company engaged in the production, design, and distribution of corrugated cardboard sheets, boxes, and customized packaging solutions. Founded in 1976 and headquartered in Kemalpaşa, Izmir, Turkey, the company operates an integrated manufacturing facility spanning over 50,000 square meters with an annual production capacity of approximately 80,000 metric tons. Kaplamin Ambalaj serves a wide range of commercial and industrial sectors across domestic Turkish markets and export destinations, supplying the agriculture, food and beverage, automotive, chemical, consumer goods, ceramics, and textile industries. The company's core product and service portfolio comprises single-wall, double-wall, and triple-wall corrugated cardboard sheets and boxes produced in A, B, C, and E (micro) flute profiles as well as combination structures including B+C (double-wall), B+E (micro-double-wall), and A+C+B (triplex heavy-duty); agricultural packaging, including ventilated fresh fruit and vegetable cartons, moisture-resistant produce trays, and bulk harvest bins; food and beverage packaging, including hygienic containers and master cartons for meat, poultry, seafood, dairy, eggs, edible oils, and bottled beverages; heavy-duty industrial shipping containers engineered for automotive replacement parts, chemicals, plastics, sanitary ware, and major household appliances; retail-ready packaging, display units, and customized die-cut boxes; and value-added packaging services comprising custom structural packaging design, graphic engineering, multi-color flexographic printing, litho-lamination, die-cutting, gluing, and quality testing certified under ISO 9001 and BRC/IoP standards. In recent company developments, Kaplamin Ambalaj underwent a major change of ownership and control when Çukurova Holding divested its majority equity stake of approximately 83% to an investor consortium comprising Feridun Geçgel and Enver Geçgel of Astor Enerji, Rıza Kandemir, and Ral Girişim Sermayesi Yatırım Ortaklığı for approximately 18.9 million US dollars. Following this strategic acquisition, the new ownership group implemented extensive financial and operational reorganization initiatives, providing substantial shareholder capital advances exceeding 1.1 billion Turkish lira through mid-2026 to strengthen working capital, overhaul governance structures, and modernize plant operations at the Kemalpaşa facility.