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Marti Otel Isletmeleri A.S.

Marti Otel Isletmeleri A.S.

BBIST:MARTI
1.25
TRY
-0.08
(-6.02%)
-0.02EPS
892.03MMarket Cap
Marti Otel Isletmeleri A.S.
BIST:MARTI
(Istanbul Exchange)

Recent

price

1.25

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
TRY
0.26
0.35
0.38
0.45
0.41
0.39
0.2
0.25
0.51
0.51
0.22
0.45
0.39
0.67
1.22
2.55
0.37
Revenue per Share
-0.03
-0.04
-0.08
-0.19
-0.23
-0.43
-0.46
-0.05
-0.44
-0.38
0.37
0.04
- -
-0.36
0.13
-0.6
-0.03
Basic EPS, GAAP
-0.12
-0.27
-0.22
-0.01
0.06
0.22
0.09
-0.04
0.28
0.03
0.29
-0.95
-0.29
-1.69
-0.46
0.77
-1.11
Free Cash Flow per Basic Share
- -
0.01
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.43
0.38
0.31
0.12
1.4
0.5
0.07
-0.03
-0.3
-0.44
-0.38
0.11
1.72
3.82
4.86
4.86
0.46
Book Value per Share
0.36
0.31
0.31
0.12
1.39
0.5
0.06
-0.03
-0.3
-0.44
-0.38
0.11
1.72
3.82
4.86
4.86
0.46
Tangible Book Value per Share
215
215
215
215
215
215
215
235
235
296
296
296
935
935
935
632
455
Basic Weighted Avg Shares
56
76
82
97
87
84
42
58
121
152
66
132
360
624
1,143
1,608
167
Sales/Revenue/Turnover
-3.39
1
-14.6
-3.48
-2.06
-13.69
-44.92
-15.36
6.01
-6.25
-38.82
-42.32
-4.03
-24.48
-6.38
-12.05
-27.88
Operating Margin (%)
6
6
8
14
15
27
18
16
24
24
37
48
57
128
127
209
50
Depreciation Expense
-5
-9
-17
-41
-49
-92
-99
-13
-103
-113
111
12
1
-334
119
-380
-13
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.78
- -
19.81
- -
10.63
- -
- -
Effective Tax Rate (%)
-9.64
-12.01
-21.29
-41.71
-55.8
-110.45
-232.7
-21.91
-85.82
-74.68
168.27
9.25
0.2
-53.61
10.45
-23.61
-7.77
Profit Margin (%)
-8
-33
-56
-81
-201
-156
-148
-154
-229
-1,013
-1,142
-303
-18
-391
-914
-1,010
117
Working Capital
26
71
137
199
183
313
364
449
576
21
37
1,630
2,122
3,442
3,827
4,345
1,853
LT Debt
167
154
142
97
504
279
162
147
88
62
151
1,099
4,099
8,889
10,618
17,140
1,545
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-5.8
- -
3.13
- -
0.67
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
13.56
- -
-1.27
- -
2.51
- -
- -
Return on Capital (%)
-5.84
-10.51
-23.63
-87.95
-30.8
-46.74
-166.54
- -
- -
- -
- -
- -
0.09
-12.95
2.95
-6.42
- -
Return on Common Equity (%)

Capital Structure

TRY

•

in mil. unless spec.
Dec'22
Mar'22
Jun'23
ST Debt
127
196
164
LT Borrowings
1,449
1,627
1,851
LT Finance Leases
3
3
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
292
292
933
Market Capitalization
217
271
892

Working Capital

TRY

•

in mil. unless spec.
Dec'22
Mar'22
Jun'23
Total Current Assets
239
129
466
Cash, Cash Equivalents & STI
22
34
297
Accounts Receivable, Net
12
1
44
Inventories
3
6
18
Total Current Liabilities
394
432
349
Payables & Accruals
- -
- -
- -
ST Debt
127
196
164
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
112.04%
219.44%
61.42%
Free Cash Flow
-43.72%
-47.14%
-212.94%
Net Income, GAAP
-4,789.09%
-9,666.91%
-417.94%
Sales/Revenue/Turnover
53.48%
94.11%
40.73%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
382
- -
- -
624
2025
197
708
- -
- -
1,143
2026
347
948
- -
- -
1,608

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
0.11
- -
- -
-0.36
2025
0.08
0.3
- -
- -
0.13
2026
0.1
0.06
- -
- -
-0.6

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Marti Otel Isletmeleri A.S. is a Turkey-based hospitality and tourism enterprise engaged in the ownership, operation, leasing, and management of resort hotels, boutique lodging, and maritime tourism facilities. Founded in 1967 and headquartered in Istanbul, Turkey, the company conducts its primary operations across major tourist destinations along the Mediterranean and Aegean coastlines. The company’s core service and product portfolio comprises luxury, all-inclusive, and upper-upscale resort accommodations; beachfront hotel operations, including the five-star Marti Resort and the adults-only Marti La Perla in Marmaris-Icmeler, alongside the Marti Myra resort in Kemer-Antalya; boutique lodging facilities, including Marti Hemithea and Güllü Konak; full-scale maritime infrastructure and yachting services through the Marti Marina and Yacht Club in Orhaniye-Mugla, offering wet berthing, dry-dock storage, boat maintenance and technical services, refueling stations, and sailing club facilities; food and beverage offerings, including a la carte restaurants, international buffet dining, beach bars, and event catering; wellness and recreational amenities, encompassing full-service spas, Turkish baths, fitness centers, private beach clubs, and water sports; and tourism-oriented real estate development through its affiliate, Marti Gayrimenkul Yatirim Ortakligi A.S. (Marti GYO). Marti Otel Isletmeleri caters to international and domestic leisure travelers, maintaining long-standing tour operator relationships across key European and CIS markets, such as Germany, the United Kingdom, the Netherlands, Belgium, and Russia. In recent developments, the company executed a major paid-in capital increase, expanding its capital from 600 million Turkish lira to 1.5 billion Turkish lira via a 150 percent rights issue to strengthen its equity foundation and support corporate operations; reached key milestones under its comprehensive multi-year financial restructuring framework by completing scheduled debt amortization installments; entered into a strategic advisory agreement with ISVAN to optimize corporate sales, marketing architectures, and brand equity development across its hotel and GYO operations; and initiated targeted renovation and facility modernization programs across its coastal properties to enhance guest experience and capture higher-yielding international tourism revenue.