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Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS

Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS

BBIST:PNLSN
28.08
TRY
-1.14
(-3.90%)
3.55EPS
12.00P/E
3.19BMarket Cap
Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS
BIST:PNLSN
(Istanbul Exchange)

Recent

price

28.08

P/E

ratio

12.00

div

yld

0.03%

ROIC.AI

2018
2019
2020
2021
2022
2023
2024
2025
TTM
TRY
3.01
2.91
4.21
10.53
30.66
52.59
47.8
38.76
45.82
Revenue per Share
0.01
0.04
0.19
1.14
1.11
4.61
1.12
3.44
3.55
Basic EPS, GAAP
0.25
0.36
0.22
1.65
2.2
5.17
0.84
-1.15
-1.26
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
0.95
1.14
0.18
0.01
Dividend per Share
0.59
0.65
1.01
2.63
14.18
24.36
37.52
40.22
47.02
Book Value per Share
0.59
0.65
1
2.63
14.16
24.33
37.49
40.16
46.95
Tangible Book Value per Share
75
75
75
58
73
73
75
75
75
Basic Weighted Avg Shares
226
218
316
605
2,232
3,828
3,585
2,907
3,436
Sales/Revenue/Turnover
6.52
7.06
8.45
14.95
12.06
16.77
9.88
10.42
11.07
Operating Margin (%)
- -
- -
3
4
24
38
68
77
81
Depreciation Expense
- -
3
14
66
81
336
84
258
266
Net Income, GAAP
- -
22.83
21.04
23.98
32.06
10.93
2.04
30.44
30.48
Effective Tax Rate (%)
0.17
1.25
4.5
10.84
3.62
8.76
2.34
8.87
7.74
Profit Margin (%)
8
13
11
78
630
764
844
556
444
Working Capital
12
22
18
17
34
86
5
- -
34
LT Debt
34
37
58
151
1,063
1,827
2,814
3,016
3,526
Total Equity
- -
10.34
20.21
33.9
22.29
28.26
14.06
6.5
8.29
Return on Invested Capital (%)
- -
8.34
18.28
42.44
12.73
21.88
4.1
8.71
8.92
Return on Capital (%)
- -
7.64
29.89
62.77
13.31
23.22
3.62
8.84
8.83
Return on Common Equity (%)

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
103
301
319
LT Borrowings
- -
- -
34
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
75
75
75
Market Capitalization
2,783
3,536
3,192

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
2,208
2,564
2,605
Cash, Cash Equivalents & STI
466
493
307
Accounts Receivable, Net
1,111
1,092
1,244
Inventories
501
752
794
Total Current Liabilities
1,652
2,100
2,161
Payables & Accruals
- -
- -
- -
ST Debt
103
301
319
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
179.51%
7.19%
Free Cash Flow
- -
71.93%
-237.38%
Net Income, GAAP
- -
166.29%
206.86%
Sales/Revenue/Turnover
- -
81.3%
-18.92%
Total Cash Common Dividend
- -
- -
-83.87%

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
711
813
893
805
3,585
2025
631
890
766
867
2,907
2026
781
1,023
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.38
0.41
0.17
0.07
1.12
2025
-0.99
1.27
0.94
2.33
3.44
2026
-0.59
0.87
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.05
1.14
2025
- -
- -
- -
0.01
0.18
2026
- -
- -
- -
- -
- -
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Business
Panelsan Cati Cephe Sistemleri Sanayi ve Ticaret AS is a Turkey-based building materials manufacturer specializing in the engineering, production, and distribution of insulated sandwich panels, thermal insulation boards, and exterior envelope systems for industrial, commercial, and agricultural construction. Founded in 2004 and headquartered in Ankara, Turkey, the company operates integrated manufacturing facilities and supplies architectural and structural building envelope solutions organized across primary product lines: polyurethane (PUR) and polyisocyanurate (PIR) core roof and facade sandwich panels for thermal insulation; rockwool and glasswool mineral fiber core sandwich panels for fire-rated and acoustic applications; expanded polystyrene (EPS) insulated sandwich panels; cold storage and cleanroom insulated panels and doors; expanded polystyrene (EPS) rigid thermal insulation boards, ceiling panels, and floor underlayments; custom-molded EPS protective packaging products for appliances and industrial components; integrated solar photovoltaic roof panel systems; and related structural flashings, ridge caps, and fastening accessories. Panelsan serves general contractors, industrial developers, pre-engineered metal building fabricators, logistics operators, and agricultural facility builders across Turkey and international markets, exporting to more than 20 countries spanning Europe, the Middle East, Africa, and Central Asia. In recent strategic developments, Panelsan expanded its international production footprint through its wholly owned subsidiary Panelsan KZ by forming the YDA-Panelsan LLP joint venture with YDA Insaat to build an insulated sandwich panel manufacturing plant in Kazakhstan's Astana Industrial Park 1, equipped with continuous production lines contracted from Germany-based Hennecke OMS. In addition, the company has secured state investment incentives to execute capacity expansion and modernization projects across an 81,000-square-meter site in the Polatli Organized Industrial Zone in Ankara, while commissioning a 2,015 kW captive rooftop and ground-mounted solar photovoltaic generation project in Elazig to lower operational carbon intensity and meet internal energy demands.