Turkiye Sise ve Cam Fabrikalari A.S.

Turkiye Sise ve Cam Fabrikalari A.S.

34.08
TRY
-1.18
(-3.35%)
3.82EPS
10.30P/E
132.56BMarket 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
2.65
2.73
3.3
3.81
5.03
6.91
8.03
8.69
10.51
58.32
74.93
84.77
80.35
93.13
Basic EPS, GAAP
0.19
0.16
0.32
0.33
0.54
1.02
0.85
0.87
2.96
7.77
8.46
2.29
3.53
4.3
Free Cash Flow per Basic Share
-0.5
-0.15
-0.17
-0.14
0.46
0.72
1.02
0.32
1.19
2.73
8.27
-0.29
1.4
-4.65
Dividend per Share
0.04
0.04
0.05
0.15
0.17
0.2
0.28
0.21
0.17
1.59
2.55
1.82
0.94
-0.2
Book Value per Share
2.44
2.53
3.32
3.8
4.37
5.64
6.5
7.25
12.99
46.62
66.91
79.51
79.19
90.25
Tangible Book Value per Share
2.4
2.49
3.26
3.73
4.3
5.45
6.28
6.99
12.6
45.5
64.85
75.86
74.15
84.66
Basic Weighted Avg Shares
2,250
2,515
2,250
2,250
2,250
2,250
2,250
2,454
3,051
2,926
2,929
2,866
2,794
2,518
Sales/Revenue/Turnover
5,954
6,876
7,415
8,569
11,318
15,550
18,059
21,341
32,058
170,655
219,447
242,921
224,527
234,483
Operating Margin (%)
6.03
8.63
9.31
8.95
13.4
15.84
14.04
13.6
17.6
12.74
7.34
-2.18
-0.03
-1.57
Depreciation Expense
588
688
738
810
968
1,049
1,375
1,651
2,061
11,831
14,829
19,753
17,391
17,657
Net Income, GAAP
432
413
723
743
1,225
2,289
1,905
2,138
9,040
22,739
24,789
6,574
9,878
10,831
Effective Tax Rate (%)
5.41
15.1
10.53
11.44
10.55
2.76
- -
13.23
16.87
6.5
19.37
- -
21.07
26.71
Profit Margin (%)
7.25
6.01
9.75
8.67
10.83
14.72
10.55
10.02
28.2
13.32
11.3
2.71
4.4
4.62
Working Capital
2,847
3,755
4,259
4,106
4,593
4,309
9,050
12,979
16,889
65,389
66,611
71,515
29,188
67,709
LT Debt
2,734
2,889
3,373
3,793
3,941
4,334
10,595
12,492
17,231
46,671
66,441
127,269
98,754
135,971
Total Equity
6,615
7,239
9,503
11,330
13,062
16,713
19,133
22,491
52,929
173,450
240,725
272,400
269,259
300,151
Return on Invested Capital (%)
5.47
5.19
6.24
6.22
9.18
13.44
- -
7.77
8.83
13.98
5.87
- -
0.85
0.12
Return on Capital (%)
6.33
5.43
6.9
4.29
5.66
7.31
- -
7.36
17.11
16.85
10.62
- -
7.38
7.07
Return on Common Equity (%)
8.53
7.39
10.99
9.28
13.33
20.32
13.94
11.61
29.16
24.91
14.26
2.93
4.06
4.45

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
63,169
42,434
35,660
LT Borrowings
96,542
125,909
133,735
LT Finance Leases
2,213
2,372
2,236
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
3,063
2,992
2,992
Market Capitalization
117,566
131,607
132,565

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
141,494
158,546
151,300
Cash, Cash Equivalents & STI
41,132
47,098
28,294
Accounts Receivable, Net
39,981
44,942
50,166
Inventories
50,718
54,894
60,858
Total Current Liabilities
112,306
94,347
83,591
Payables & Accruals
- -
- -
- -
ST Debt
63,169
42,434
35,660
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
50.83%
82.77%
-1.15%
Free Cash Flow
-40.33%
3.28%
-563.38%
Net Income, GAAP
61.01%
92.03%
50.25%
Sales/Revenue/Turnover
63.36%
102.85%
-7.57%
Total Cash Common Dividend
101.9%
151.94%
-49.45%

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
56,049
56,447
57,140
49,277
242,921
2025
59,497
69,464
53,940
62,249
224,527
2026
57,478
60,816
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.29
1.14
0.35
-0.38
2.29
2025
0.75
1.35
0.54
1.38
3.53
2026
0.99
1.37
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.19
1.15
0.3
0.18
1.82
2025
0.06
1.15
-0.22
0.04
0.94
2026
- -
- -
- -
- -
- -

Company Description

CEO
Can Yücel
Full Time Employees
22,995
Sector
Consumer durables
Industry
Home furnishings
Address
Icmeler Mahallesi Istanbul IB Turkey 34947
IPO Date
Jan 3, 1986
Business
Türkiye Sise Ve Cam Fabrikalari A.S. specializes in the manufacture and sale of glass products and related chemicals. The company operates through six main business segments: Architectural Glass, Industrial Glass, Glass Packaging, Glassware, Chemicals, and Energy and Others. Its product portfolio includes flat glass such as patterned, mirror, laminated, coated, solar power, and home appliance glass; automotive glass for light and heavy vehicles; glass packaging products used in food, beverage, pharmaceutical, and cosmetic industries; household glassware marketed under Pasabahçe stores and online platforms; and various chemical products including soda ash, chromium chemicals, glass fiber, and raw materials for industries such as textiles, mining, and water treatment. Sisecam also engages in the mining of silica sand, feldspar, limestone, dolomite, kaolin, and quartzite as well as glass recycling, electricity generation and sale, and natural gas wholesale. In addition, it offers finance, investment, insurance agency services, and produces glass reinforced plastics. The company operates globally with production facilities and sales activities across Türkiye, the United States, Russia, Ukraine, Georgia, Europe, and other countries, serving customers in over 150 countries. Founded in 1935, Türkiye Sise Ve Cam Fabrikalari A.S. is headquartered in Istanbul, Turkey and is a subsidiary of Türkiye Is Bankasi A.S. Recent major developments include the commissioning of new energy glass production lines in Tarsus, strategic collaborations such as with BGC to strengthen its global supply chain, and a loan agreement signed with the International Finance Corporation for up to 550 million euros to support its sustainable growth initiatives. In 2025, Sisecam reported robust financial performance including consolidated net sales exceeding 186 billion Turkish Lira, reflecting its expansive operations and growth. However, the company also faced a regulatory challenge with a 3.15 billion lira ($75.3 million) fine imposed by Turkey's Competition Board related to raw glass acquisition agreements. Sisecam continues to invest in technological innovation and sustainability to maintain its position among the top five global producers in its core glass and chemical sectors and to address evolving customer needs worldwide. Its production network spans 47 facilities globally with a workforce of 22,000 employees, emphasizing its scale and industrial expertise developed over 90 years.

Company News

  • Türkiye Sise Ve Cam Fabrikalari A.S. (TKKYY) Q2 2026 Earnings Call Transcript