Kutahya Porselen Sanayi A.S.

Kutahya Porselen Sanayi A.S.

BBIST:KUTPO
59.60
TRY
-4.85
(-7.53%)
0.02EPS
5,617.81P/E
3.48BMarket 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
5.6
7.12
6.77
7.93
8.84
9.61
9.09
9.73
15.13
65.33
84.88
108
105.81
116.6
Basic EPS, GAAP
0.36
1.34
0.64
0.89
0.81
0.88
1.02
0.83
0.85
-0.48
1.36
7.63
5.84
0.02
Free Cash Flow per Basic Share
-0.31
-0.32
0.38
1.23
0.28
0.63
0.51
-0.08
0.02
-4.4
3.22
14.91
1.15
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
3.68
4.97
5.55
6.37
7.05
7.72
8.67
9.44
10.12
50.47
73.86
104.12
109.43
129.25
Tangible Book Value per Share
3.67
4.97
5.55
6.37
7.04
7.72
8.57
9.35
10
49.28
71.93
101.6
106.7
126
Basic Weighted Avg Shares
40
40
40
40
40
40
40
40
40
40
40
40
40
40
Sales/Revenue/Turnover
223
284
270
316
353
384
363
388
604
2,608
3,388
4,311
4,224
4,654
Operating Margin (%)
6.02
8.18
9.3
9.71
9.89
7.95
10.39
5.91
8.7
-2.17
11.41
17.37
11.3
8.83
Depreciation Expense
6
8
9
9
8
14
14
16
19
108
164
253
338
282
Net Income, GAAP
14
54
26
36
32
35
41
33
34
-19
54
304
233
1
Effective Tax Rate (%)
20.91
14.12
20.5
8.4
19.73
22.83
21.5
19.05
24.26
- -
60.46
57.76
63.39
99.82
Profit Margin (%)
6.44
18.89
9.44
11.24
9.13
9.16
11.17
8.56
5.63
-0.73
1.6
7.06
5.52
0.01
Working Capital
104
121
126
144
140
157
189
194
192
490
691
1,037
1,680
1,853
LT Debt
- -
5
- -
- -
- -
- -
38
27
17
32
75
55
117
113
Total Equity
147
198
221
254
281
308
346
377
404
2,015
2,948
4,156
4,368
5,159
Return on Invested Capital (%)
10.94
11.73
12.14
12.09
10.41
10.28
9.47
6.02
8.15
- -
6.71
8.69
4.39
0.02
Return on Capital (%)
10.99
30
12.49
15.35
12.89
13.81
12.95
10.16
10.7
- -
3.53
8.66
5.63
0.02
Return on Common Equity (%)
10.3
31.11
12.16
14.95
12.03
11.92
12.39
9.2
8.71
-1.58
2.19
8.57
5.47
0.01

Capital Structure

TRY

•

in mil. unless spec.
Sep'25
Dec'25
Jun'26
ST Debt
20
21
15
LT Borrowings
- -
- -
- -
LT Finance Leases
44
117
113
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
40
40
40
Market Capitalization
4,970
4,175
3,483

Working Capital

TRY

•

in mil. unless spec.
Sep'25
Dec'25
Jun'26
Total Current Assets
2,213
2,265
2,541
Cash, Cash Equivalents & STI
34
107
230
Accounts Receivable, Net
773
793
813
Inventories
1,235
1,263
1,350
Total Current Liabilities
733
586
687
Payables & Accruals
- -
- -
- -
ST Debt
20
21
15
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
55.44%
99.65%
5.1%
Free Cash Flow
-2,578.75%
-5,185.46%
-92.27%
Net Income, GAAP
-6.48%
-20.25%
-23.41%
Sales/Revenue/Turnover
48.13%
88.47%
-2.03%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,003
759
1,094
1,003
4,311
2025
772
1,179
1,111
1,273
4,224
2026
- -
1,091
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2.02
-0.17
2.96
2.01
7.63
2025
5.55
0.96
1.7
-2.96
5.84
2026
- -
0.32
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

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

Company Description

Full Time Employees
1,179
Sector
Consumer durables
Industry
Home furnishings
Address
Kütahya Turkey
IPO Date
Sep 20, 1990
Business
Kutahya Porselen Sanayi A.S. is a Turkey-based manufacturer and distributor engaged in the production and commercialization of porcelain tableware, kitchenware, decorative ceramics, and packaging solutions. The company operates through a diversified product portfolio organized into systematic categories, providing: domestic dinnerware and dining solutions, including complete dinner sets, breakfast sets, service plates, bowls, platters, and soup tureens; beverage and drinkware items, comprising tea sets, coffee cup sets, and mugs; kitchen accessories, cookware, and stainless steel cutlery sets; specialized professional hospitality collections designed for hotels, restaurants, and catering enterprises, including Tavola Horeca, Tavola Gurme, Tavola Coffee Shop, and Bone Horeca lines; decorative porcelain items, such as vases, ornamental figures, and artisan giftware; and eco-friendly tableware lines crafted from recycled porcelain composites, including the Tilop collection. In addition to its namesake brand, the company markets goods under international trademarks, including the German heritage brand Mitterteich. Kutahya Porselen serves both the mass retail consumer market and the commercial hospitality sector, distributing products domestically and exporting to more than 70 countries across Europe, the Americas, Asia, and Africa through partnerships with international retail networks and specialized distributors. The company conducts marketing, distribution, and auxiliary activities through subsidiaries and affiliates, including NG Kutahya Porselen Pazarlama A.S., Ankara Porselen Madencilik Taahhut Ticaret Sanayi A.S., and NG Kutahya Porselen Turizm Gayrimenkul Ve Pazarlama A.S. In recent developments, Kutahya Porselen expanded its industrial manufacturing footprint through the acquisition of an operational porcelain manufacturing plant, industrial facilities, land, and machinery from NG Porselen A.S. for approximately 320.4 million Turkish Liras under a transferred state investment incentive framework to increase total production capacity. The company has also advanced its sustainability initiatives by investing in energy efficiency programs, low-carbon electricity integration, and sustainable product research and development across its production facilities. Founded on February 22, 1965, Kutahya Porselen Sanayi A.S. is headquartered in Kutahya, Turkey, operates as part of the Gural Group, and is publicly listed on the Borsa Istanbul under the ticker symbol KUTPO.