Politeknik Metal Sanayi ve Ticaret AS

Politeknik Metal Sanayi ve Ticaret AS

BBIST:POLTK
2,765.00
TRY
-85.00
(-2.98%)
15.03EPS
43.13P/E
2.43BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2019 Y
2020 Y
2021 Y
TTM
Revenue per Share
4.31
5.21
9.33
8.26
10.92
14.14
20.53
33.01
76.29
Basic EPS, GAAP
0.59
0.4
1.84
1.45
1.94
1.07
3.63
6.64
15.04
Free Cash Flow per Basic Share
0.28
-1.21
0.31
-0.75
0.57
0.4
2.81
2.96
-1.04
Dividend per Share
- -
- -
- -
- -
- -
0.91
0.8
2.01
- -
Book Value per Share
1.58
2.86
4.33
4.15
5.98
8.34
10.82
15.52
29.64
Tangible Book Value per Share
1.56
2.85
4.31
4.13
5.96
7.93
10.49
15.24
29.44
Basic Weighted Avg Shares
4
4
4
4
4
4
4
4
4
Sales/Revenue/Turnover
16
19
35
31
41
53
77
124
286
Operating Margin (%)
13.81
8.69
22.61
21.38
21.83
11.05
22.31
22.21
24.83
Depreciation Expense
- -
- -
1
1
1
2
3
3
4
Net Income, GAAP
2
1
7
5
7
4
14
25
56
Effective Tax Rate (%)
20.1
23.03
20.42
22.45
22.77
28.12
23.56
21.77
22.93
Profit Margin (%)
13.62
7.77
19.76
17.6
17.75
7.55
17.68
20.12
19.71
Working Capital
5
8
13
12
19
24
33
49
102
LT Debt
- -
- -
- -
- -
- -
- -
4
4
2
Total Equity
6
11
16
16
22
31
41
58
111
Return on Invested Capital (%)
- -
14.54
42.27
31.63
36.65
14.12
36.74
41
62
Return on Capital (%)
- -
18.28
51.06
34.51
38.82
14.95
36.81
46.76
63.81
Return on Common Equity (%)
- -
17.59
51.26
34.3
38.25
14.91
37.89
50.42
66.59

Capital Structure

TRY

•

in mil. unless spec.
Mar'22
Jun'22
Sep'22
ST Debt
2
2
2
LT Borrowings
- -
- -
- -
LT Finance Leases
3
3
2
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
4
4
4
Market Capitalization
2,149
2,404
2,432

Working Capital

TRY

•

in mil. unless spec.
Mar'22
Jun'22
Sep'22
Total Current Assets
114
124
128
Cash, Cash Equivalents & STI
12
17
6
Accounts Receivable, Net
71
72
78
Inventories
30
31
38
Total Current Liabilities
41
38
26
Payables & Accruals
- -
- -
- -
ST Debt
2
2
2
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
30.58%
43.43%
Free Cash Flow
- -
10.72%
5.45%
Net Income, GAAP
- -
58.04%
82.94%
Sales/Revenue/Turnover
- -
31.25%
60.81%
Total Cash Common Dividend
- -
- -
150%

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2020
- -
- -
17
25
77
2021
31
29
31
33
124
2022
55
72
81
78
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2020
- -
- -
0.7
1.42
3.63
2021
1.67
1.15
1.74
2.08
6.64
2022
3.21
3.45
4.23
4.15
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2020
- -
- -
- -
- -
0.8
2021
- -
- -
- -
- -
2.01
2022
- -
- -
- -
- -
- -

Company Description

Sector
Process industries
Industry
Chemicals: specialty
Address
Istanbul Turkey
IPO Date
Mar 6, 2014
Website
pm.com.tr
Business
Politeknik Metal Sanayi ve Ticaret AS develops, manufactures, and markets aluminum surface treatment chemicals and provides turnkey engineering solutions for industrial metal finishing facilities worldwide. Founded in 1985 and headquartered in Tuzla, Istanbul, Turkey, the company operates as a subsidiary of Coventya Beteiligungs GmbH within the MacDermid Enthone Industrial Solutions business of Element Solutions Inc., maintaining international representation through subsidiaries including Politeknik USA Inc. The company organizes its business operations across chemical manufacturing, industrial engineering, and technical consultancy segments, catering to customers in the architectural construction, automotive, aerospace, electronics, and general industrial sectors across domestic and international markets in Europe, North America, the Middle East, and Asia. Its core product portfolio encompasses aluminum anodizing chemicals, including alkaline degreasers, long-life matting and acid etching additives, electrolytic brightening formulations, tin sulphate-based electrolytic coloring salts, inorganic dye solutions, chemical neutralization agents, and cold, medium-temperature, and hot sealing compounds; powder coating pre-treatment chemicals, comprising acidic and alkaline cleaning systems, eco-friendly chrome-free conversion coatings based on zirconium and titanium technologies, and chromate passivations; and specialized auxiliary process additives for chemical bath stabilization. In addition to chemical manufacturing, the company designs, fabricates, and installs complete industrial finishing installations, offering turnkey automated and manual anodizing lines; corrosion-resistant process tanks; overhead crane automation systems; process cooling and heating equipment; acid recovery systems; wastewater treatment and demineralization units; and air extraction and scrubber technologies. Its service offerings include comprehensive plant design, facility modernization, laboratory chemical analysis, process bath management, and after-sales technical maintenance. In recent strategic and operational developments, Politeknik Metal expanded its production capacity for tin sulphate, a primary chemical component in electrolytic coloring processes, increasing annual output capacity from 1,200 metric tons to 1,800 metric tons following official industrial authorization in 2026. The company has also expanded its research and product development initiatives to introduce advanced, eco-friendly chrome-free surface treatment chemistries specifically engineered for lightweight automotive aluminum components and electric vehicle applications. Furthermore, Politeknik Metal continues to deepen its commercial and operational integration with parent group Element Solutions Inc., expanding its global export channels and international supply chain capabilities.