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Vestel Elektronik Sanayi ve Ticaret A.S.

Vestel Elektronik Sanayi ve Ticaret A.S.

BBIST:VESTL
14.13
TRY
-0.95
(-6.30%)
-80.08EPS
8.65BMarket Cap
Nov 05Next Earn
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
18.54
23.15
27.58
28.44
36.07
47.26
51.2
64.23
96.9
331.27
482.97
556.95
412.12
329.79
Basic EPS, GAAP
-0.3
0.29
0.18
0.5
0.16
1.11
0.97
5.28
5.65
-0.33
6.24
-43
-88.48
-76.42
Free Cash Flow per Basic Share
0.47
0.54
-0.68
1.95
-0.15
0.81
7.21
3.98
-0.11
-32.4
6.89
-41.37
4.59
-36.93
Dividend per Share
- -
- -
0.02
0.02
0.03
0.04
0.08
0.03
7.39
0.73
0.49
1.21
0.05
- -
Book Value per Share
3.76
3.95
4.54
5.3
6.57
9.63
11
21.08
28.15
81.6
155.13
174.55
80.12
65.27
Tangible Book Value per Share
2.47
2.52
2.93
3.54
4.59
7.42
8.57
18.38
24.85
71.8
138.29
148.14
51.88
31.19
Basic Weighted Avg Shares
335
335
335
335
335
335
335
335
335
335
335
335
335
335
Sales/Revenue/Turnover
6,218
7,767
9,250
9,540
12,101
15,852
17,174
21,546
32,506
111,125
162,016
186,831
138,250
110,621
Operating Margin (%)
2.45
5.09
6.11
7.26
5.43
11.67
9.99
13.52
14.21
1.96
4.28
1.8
-8.93
-15.32
Depreciation Expense
238
271
295
321
367
457
627
753
927
3,777
6,217
6,628
8,490
8,038
Net Income, GAAP
-100
97
60
168
55
371
324
1,773
1,895
-111
2,093
-14,425
-29,681
-25,634
Effective Tax Rate (%)
- -
17.68
7.55
- -
- -
9.55
- -
1.65
- -
43.7
22.68
- -
- -
- -
Profit Margin (%)
-1.6
1.25
0.64
1.76
0.46
2.34
1.89
8.23
5.83
-0.1
1.29
-7.72
-21.47
-23.17
Working Capital
-164
291
390
647
-1,245
-3,521
-5,044
-3,347
-9,731
-28,235
-43,361
-52,306
-57,308
-73,270
LT Debt
439
1,198
1,720
2,233
1,024
749
568
1,834
1,045
1,798
3,656
24,914
46,549
50,184
Total Equity
1,345
1,371
1,574
1,839
2,278
3,318
3,780
7,426
10,312
30,227
58,993
68,597
35,193
31,254
Return on Invested Capital (%)
- -
4.56
8.37
- -
- -
5.07
- -
13.84
- -
-10
-10.17
- -
- -
- -
Return on Capital (%)
- -
8.42
8.6
- -
- -
11.6
- -
18.11
- -
6.37
8.44
- -
- -
- -
Return on Common Equity (%)
-7.89
7.52
4.18
10.15
2.77
13.66
9.37
32.94
22.96
-0.6
5.27
-26.09
-69.48
-84.28

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
42,229
48,474
58,154
LT Borrowings
45,256
45,177
48,982
LT Finance Leases
1,293
1,293
1,202
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
335
335
335
Market Capitalization
9,628
9,373
8,648

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
48,526
39,469
36,542
Cash, Cash Equivalents & STI
2,138
2,098
2,389
Accounts Receivable, Net
14,646
9,889
7,847
Inventories
20,470
21,223
19,744
Total Current Liabilities
105,834
107,308
109,812
Payables & Accruals
- -
- -
- -
ST Debt
42,229
48,474
58,154
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
49.15%
58.95%
-48.7%
Free Cash Flow
2,787.7%
5,653.08%
-111.1%
Net Income, GAAP
-164.03%
-552.46%
105.76%
Sales/Revenue/Turnover
42.26%
65.57%
-26%
Total Cash Common Dividend
2,579.47%
5,130.42%
-95.59%

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
36,781
42,369
44,700
43,584
186,831
2025
41,172
45,728
34,548
30,636
138,250
2026
21,025
24,411
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.89
-3.87
-11.96
-20
-43
2025
-19.81
-28.59
-14.04
-33.93
-88.48
2026
-8.45
-20
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
0.05
1.21
2025
- -
- -
- -
- -
0.05
2026
- -
- -
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Gokhan Sigin
Full Time Employees
12,677
Sector
Consumer durables
Industry
Electronics/Appliances
Address
Buyukdere Caddesi No: 199 Istanbul IB Turkey 34394
IPO Date
Jun 27, 1990
Website
vestelinvestorrelations.com
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Business
Vestel Elektronik Sanayi ve Ticaret Anonim Sirketi manufactures and sells consumer electronics, household appliances, and mobility solutions primarily in Turkey, Europe, and over 160 countries worldwide. The company, a subsidiary of Zorlu Holding A.S. and headquartered in Istanbul with its main production facility in Manisa, was founded in 1983. It operates through two main segments—Consumer and Mobility Electronics, and Household Appliances—offering television sets including LED and smart TVs, digital display solutions and digital signage, set-top boxes, mobile products, electric vehicle chargers, in-vehicle displays and automotive electronics such as telematics control units, LED lighting products, battery solutions, electronic cards; refrigerators and freezers, dishwashers, washing machines, tumble dryers, cooking appliances, air-conditioners, water heaters, vaccine storage cabinets; and small domestic appliances including vacuum cleaners, irons, electric kitchen appliances, coffee machines, mixers, choppers, and electric hair care products. Vestel serves as a leading original design manufacturer (ODM) in Europe, ranking among the top three in the LCD TV market and top five in home appliances, with production across Vestel City, Europe's largest integrated industrial complex for these products. Recent developments include the acquisition of Scandinavian brand Cylinda, a strategic partnership with VIDAA smart TV platform formalized in July 2025 following a 2024 memorandum of understanding through which Vestel acquired a 4.64% stake to enhance recurring revenues and connected home solutions, a collaboration with Roku to support U.S. market entry, and ambitious expansion plans targeting a tripling of U.S. exports to $150 million by 2028 from adapted product lines like dishwashers and refrigerators. The company, employing nearly 20,000 people across 31 entities with 20 abroad, continues to lead Turkey's electronics exports for 27 consecutive years while advancing Industry 4.0 initiatives with AI, IoT, and smart factory transformations.