Manas Enerji Yonetimi Sanayi ve Ticaret A.S.

Manas Enerji Yonetimi Sanayi ve Ticaret A.S.

BBIST:MANAS
3.07
TRY
-0.34
(-9.97%)
-0.32EPS
767.60MMarket Cap
Manas Enerji Yonetimi Sanayi ve Ticaret A.S.
BIST:MANAS
(Istanbul Exchange)

Recent

price

3.07

P/E

ratio

- -

div

yld

- -

ROIC.AI

2018
2019
2020
2021
2022
2023
TTM
TRY
0.31
0.35
0.35
0.62
7.23
1.83
1.59
Revenue per Share
0.01
0.01
0.01
0.03
-1.06
0.26
-0.32
Basic EPS, GAAP
-0.03
-0.01
-0.08
-0.28
-3.71
-0.57
-0.84
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.08
0.09
0.24
0.75
2.15
3.28
3.87
Book Value per Share
0.05
0.03
0.17
0.65
1.71
2.69
2.87
Tangible Book Value per Share
156
156
156
156
37
151
191
Basic Weighted Avg Shares
48
54
54
96
269
275
303
Sales/Revenue/Turnover
15.98
12.08
19.01
20.77
18.42
28.39
13.46
Operating Margin (%)
1
2
2
2
12
17
33
Depreciation Expense
2
1
2
4
-39
39
-62
Net Income, GAAP
17.95
33.4
- -
31.17
- -
- -
- -
Effective Tax Rate (%)
3.79
1.52
2.88
4.26
-14.62
14.31
-20.31
Profit Margin (%)
2
-5
-13
56
117
75
-8
Working Capital
13
10
10
1
50
37
37
LT Debt
13
13
37
116
335
511
603
Total Equity
- -
9.72
- -
11.37
- -
- -
- -
Return on Invested Capital (%)
- -
10.6
- -
8.33
- -
- -
- -
Return on Capital (%)
- -
6.17
6.12
5.35
-17.46
9.31
-16.39
Return on Common Equity (%)

Capital Structure

TRY

•

in mil. unless spec.
Mar'24
Jun'24
Sep'24
ST Debt
224
345
403
LT Borrowings
37
46
37
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
156
156
156
Market Capitalization
415
560
768

Working Capital

TRY

•

in mil. unless spec.
Mar'24
Jun'24
Sep'24
Total Current Assets
373
452
511
Cash, Cash Equivalents & STI
2
15
3
Accounts Receivable, Net
69
56
53
Inventories
243
283
332
Total Current Liabilities
321
433
520
Payables & Accruals
- -
- -
- -
ST Debt
224
345
403
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
126.64%
52.33%
Free Cash Flow
- -
233.11%
-38.45%
Net Income, GAAP
- -
-211.95%
-200.01%
Sales/Revenue/Turnover
- -
54.47%
2.2%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
19
40
30
57
269
2023
78
89
107
112
275
2024
75
51
64
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
0.04
0.1
0.04
-1.06
2023
-0.06
-0.01
-0.15
0.09
0.26
2024
-0.03
-0.33
-0.2
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
Business
Manas Enerji Yonetimi Sanayi ve Ticaret A.S. is a Turkey-based technology and manufacturing company specializing in the design, development, production, calibration, and servicing of smart energy measurement systems, advanced metering infrastructure, and automated management technologies. Founded in 1996 and headquartered in Ankara, Turkey, the company operates primarily within the smart utility, energy management, and industrial automation sectors, serving gas, water, electricity, and thermal energy distribution utilities, municipal administrations, industrial facilities, and residential complexes across domestic and international markets. The company organizes its business activities into five primary product and service segments: Gas Metering and Volume Correction Systems, Water Metering Solutions, Electricity Metering Systems, Thermal Energy and Heat Cost Allocation, and Software and Network Infrastructure Solutions. Its core product portfolio comprises residential and commercial diaphragm gas meters, rotary and turbine gas meters, electronic volume conversion devices and correctors, smart prepaid and postpaid gas meters, and ultrasonic gas measurement units; multi-jet, single-jet, and ultrasonic smart water meters equipped with prepayment and remote data transmission capabilities; single-phase and three-phase electronic smart electricity meters for grid integration; ultrasonic heat meters, compact calorimeters, and electronic heat cost allocators; and proprietary automated meter reading (AMR) and advanced metering infrastructure (AMI) software platforms, mobile meter reading units, prepayment vending systems, and IoT communication hardware leveraging NB-IoT, LoRaWAN, RF, and GSM/GPRS protocols. In addition to hardware and software production, the company provides accredited meter calibration, testing, verification, retrofitting, technical maintenance, system integration, and energy efficiency consulting services. In recent developments, Manas Enerji Yonetimi has executed strategic growth initiatives centered on technological modernization, production capacity expansion, and portfolio diversification. The company has accelerated the rollout of its next-generation ultrasonic metering devices and integrated IoT gateway architectures designed for smart city networks and intelligent grid management. It has expanded its operational footprint through continuous investments in automated manufacturing lines and accredited test laboratories at its Ankara facilities, while completing corporate capital structure enhancements via paid and bonus share issuances to support working capital and research and development initiatives. Furthermore, the company has secured major multi-year supply and maintenance contracts with regional natural gas and water distribution utilities across Turkey and expanded its commercial alliances and export distribution channels into Central Asia, the Middle East, Eastern Europe, and North Africa. Manas Enerji Yonetimi has also widened its technological scope by pursuing R&D initiatives and strategic collaborations in advanced defense, sensor integration, and industrial IoT communication applications.