Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi ve Ticaret

Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi ve Ticaret

BBIST:SMRTG
3.90
TRY
-0.08
(-2.01%)
0.09EPS
107.40P/E
20.79BMarket Cap
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.18
0.22
0.32
0.47
2.82
9.57
8.41
5.82
7.47
Basic EPS, GAAP
- -
0.01
0.03
0.04
0.06
1.21
0.32
-0.24
0.11
Free Cash Flow per Basic Share
0.01
- -
-0.01
-0.04
-0.4
-3.73
-0.87
-0.51
-0.7
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
- -
0.01
0.04
0.11
0.79
1.69
2.53
2.55
2.92
Tangible Book Value per Share
- -
0.01
0.04
0.11
0.79
1.67
2.51
2.53
2.9
Basic Weighted Avg Shares
1,818
1,818
1,818
1,818
1,410
1,221
1,818
1,818
1,696
Sales/Revenue/Turnover
319
402
580
846
3,973
11,685
15,285
10,581
12,677
Operating Margin (%)
-3.34
8.05
19.72
12.14
10.61
16.12
12.7
15.52
15.98
Depreciation Expense
1
2
13
12
66
209
305
641
754
Net Income, GAAP
-3
10
55
80
89
1,477
577
-435
181
Effective Tax Rate (%)
- -
- -
1.93
12.55
38.02
- -
- -
386.29
87.91
Profit Margin (%)
-0.91
2.59
9.51
9.46
2.23
12.64
3.78
-4.11
1.43
Working Capital
96
44
62
134
974
1,052
-816
-3,776
-2,244
LT Debt
- -
7
15
36
180
2,908
3,477
3,557
5,700
Total Equity
6
17
74
201
1,432
3,073
4,599
4,624
5,279
Return on Invested Capital (%)
- -
- -
57.48
49.42
24.78
- -
- -
-26.11
1.11
Return on Capital (%)
- -
- -
77.86
48.05
12.46
- -
- -
-49.67
2.97
Return on Common Equity (%)
- -
91.34
125.58
60.46
10.85
65.54
15.07
-9.42
4.04

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
7,273
6,405
7,417
LT Borrowings
3,023
4,535
5,199
LT Finance Leases
534
484
501
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,818
1,818
1,818
Market Capitalization
13,935
11,633
20,794

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
13,362
15,852
17,941
Cash, Cash Equivalents & STI
1,572
888
525
Accounts Receivable, Net
3,678
4,096
5,796
Inventories
2,307
2,829
2,983
Total Current Liabilities
17,138
18,504
20,185
Payables & Accruals
- -
- -
- -
ST Debt
7,273
6,405
7,417
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
189.93%
0.53%
Free Cash Flow
- -
395.84%
-41.85%
Net Income, GAAP
- -
276.94%
-175.29%
Sales/Revenue/Turnover
- -
121.93%
-30.78%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3,117
2,383
3,938
4,136
15,285
2025
3,367
1,997
2,846
3,178
10,581
2026
2,508
4,145
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.22
-0.11
0.11
0.06
0.32
2025
-0.2
-0.13
-0.12
0.16
-0.24
2026
0.05
0.02
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

Full Time Employees
1,121
Sector
Electronic technology
Industry
Semiconductors
Address
Istanbul Turkey
IPO Date
Mar 24, 2022
Business
Smart Gunes Enerjisi Teknolojileri Arastirma Gelistirme Uretim Sanayi ve Ticaret A.S. is an integrated solar energy technology and service provider specializing in photovoltaic equipment manufacturing, renewable power engineering, and project development. Founded in 2014 and headquartered in Istanbul, Turkey, the company delivers clean energy solutions to utility-scale, commercial, and industrial clients across domestic and international markets. The company provides a comprehensive portfolio of clean technology products and services, including high-efficiency photovoltaic modules comprising monocrystalline PERC and N-type TOPCon monofacial and bifacial solar panels; solar cell and wafer manufacturing; fixed and tracking solar mounting systems; turnkey engineering, procurement, and construction (EPC) solutions for ground-mounted, commercial rooftop, and floating solar power installations; operation and maintenance (O&M) services, including real-time plant monitoring, predictive maintenance, and yield optimization; commercial and utility-scale battery energy storage systems (BESS); electric vehicle charging infrastructure; and renewable energy project development, feasibility analysis, and grid integration consultancy. The company operates manufacturing and technology facilities in Gebze and Aliaga, Turkey, and extends its sales, distribution, and project activities across Europe and the Middle East, including Germany, Greece, Bulgaria, Romania, and Switzerland. In recent developments, the company has expanded its vertically integrated manufacturing capacity by launching advanced solar cell production facilities in Aliaga, Izmir, to manufacture high-efficiency TOPCon solar cells; accelerated investments into battery energy storage solutions and decentralized energy technologies; and formed strategic EPC partnerships and international development agreements to broaden its utility and industrial rooftop solar installation footprint across Southeastern Europe.