Tera Yatirim Menkul Degerler AS

Tera Yatirim Menkul Degerler AS

BBIST:TERA
14.58
TRY
-1.62
(-10.00%)
90.55EPS
1.96P/E
123.90BMarket Cap
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
4.12
5.18
12.83
3.7
40.27
11.67
591.47
689.53
Basic EPS, GAAP
0.02
0.08
0.29
-0.01
2.38
0.76
53.34
90.5
Free Cash Flow per Basic Share
0.07
0.4
-0.62
0.07
6.76
-6.61
12.93
54.79
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.45
0.53
0.82
3.45
5.56
11.21
43.29
131.89
Tangible Book Value per Share
0.45
0.52
0.79
3.33
5.37
10.82
43.1
131.69
Basic Weighted Avg Shares
113
113
113
700
158
700
700
688
Sales/Revenue/Turnover
464
582
1,444
2,592
6,343
8,170
414,031
474,320
Operating Margin (%)
1.76
1.43
1.87
1.71
9.52
3.17
9.23
11.3
Depreciation Expense
1
1
2
15
28
46
68
123
Net Income, GAAP
2
9
33
-6
375
532
37,335
62,254
Effective Tax Rate (%)
- -
24.16
19.27
228.71
21.13
8.18
28.22
15.41
Profit Margin (%)
0.46
1.47
2.27
-0.22
5.91
6.51
9.02
13.12
Working Capital
43
52
77
458
740
1,539
37,341
92,494
LT Debt
2
1
- -
4
3
3
33
66
Total Equity
51
59
92
544
876
1,765
30,353
92,356
Return on Invested Capital (%)
- -
6.67
15.99
-13.41
36.02
21.27
101.23
59.99
Return on Capital (%)
- -
16.04
30.25
-17.42
44.4
44.79
180.24
115.01
Return on Common Equity (%)
- -
15.55
43.25
-1.78
52.75
40.26
232.83
111.6

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
17,064
15,692
22,428
LT Borrowings
- -
- -
- -
LT Finance Leases
33
63
66
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
700
700
700
Market Capitalization
120,400
248,500
123,900

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
130,036
187,089
251,067
Cash, Cash Equivalents & STI
70,634
87,843
168,862
Accounts Receivable, Net
24,388
19,957
24,502
Inventories
- -
- -
- -
Total Current Liabilities
92,694
120,770
158,573
Payables & Accruals
- -
- -
- -
ST Debt
17,064
15,692
22,428
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
465.76%
1,619.55%
Free Cash Flow
- -
143.77%
-295.79%
Net Income, GAAP
- -
80.58%
6,921.29%
Sales/Revenue/Turnover
- -
1,073.76%
4,967.86%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,229
3,023
3,457
327
8,170
2025
22,389
35,666
205,070
160,440
414,031
2026
55,704
53,105
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.11
0.09
-0.08
0.58
0.76
2025
73.21
77.21
20.76
4.49
53.34
2026
28.81
35.04
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

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

Company Description

CEO
Emir Munir Sarpyaner
Sector
Finance
Industry
Investment banks/Brokers
Address
Istanbul Turkey
IPO Date
Dec 21, 2022
Business
Tera Yatirim Menkul Degerler AS is a Turkey-based integrated financial services and investment brokerage firm engaged in the provision of capital markets intermediation, corporate finance, asset management, and investment advisory services. Founded in 1990 and headquartered in Istanbul, Turkey, the company serves retail, high-net-worth, institutional, and corporate clients across domestic and international financial markets. The company's core products and services are organized into primary business divisions: Brokerage and Trading Services, comprising equity execution on the Borsa Istanbul Equity Market, fixed-income securities trading including government bonds, corporate bonds, and Eurobonds, derivatives and futures trading on the Borsa Istanbul Futures and Options Market (VIOP), margin trading facilities, short selling, securities lending, and repo and reverse repo transactions; Corporate Finance and Investment Banking, encompassing initial public offering (IPO) underwriting and syndication, secondary public offerings, debt instrument issuances, private placements, mergers and acquisitions (M&A) advisory, corporate restructuring, financial valuation, and strategic consulting; Asset and Wealth Management, including discretionary and non-discretionary portfolio management, specialized mutual funds, venture capital investment funds (GSYF), real estate investment funds (GYF), and alternative asset administration operated in conjunction with its subsidiary Tera Portfoy Yonetimi AS; and Investment Research and Advisory, providing institutional macroeconomic research, equity analysis, sector coverage, quantitative strategies, and personalized investment consultancy. In recent strategic developments, Tera Yatirim Menkul Degerler AS has expanded its financial footprint and underwriting capacity following its public listing on Borsa Istanbul under the ticker TERA. The company has substantially broadened its corporate finance deal flow, serving as lead manager and syndicate member for multiple public equity offerings and corporate debt issuances in Turkey. The firm has also accelerated the expansion of its asset management division by establishing targeted venture capital investment funds focused on technology, renewable energy, and industrial enterprises. To advance its digital capabilities, Tera Yatirim has enhanced its digital brokerage infrastructure with modernized mobile and algorithmic trading solutions, expanded its fintech-enabled client onboarding channels, and pursued strategic initiatives in digital banking and investment banking pursuant to regulatory authorizations from Turkish supervisory authorities. Additionally, the company has completed capital increases to reinforce its regulatory capital adequacy, increase its margin financing capacity, and support continued operational growth across its financial services subsidiaries.