1. Turkey Stocks

  2. •

    Consumer non-durables

  3. •

    Household/Personal care
Viking Kagit ve Seluloz A.S.

Viking Kagit ve Seluloz A.S.

BBIST:VKING
11.60
TRY
-0.81
(-6.53%)
-22.85EPS
1.01BMarket Cap
Viking Kagit ve Seluloz A.S.
BIST:VKING
(Istanbul Exchange)

Recent

price

11.60

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TRY
2.39
2.52
2.52
2.82
3.14
3.21
3.62
4.4
5.48
5.33
6.02
8.1
35.05
31.84
25.23
18.1
15.09
Revenue per Share
-0.32
-0.68
-0.22
-0.75
-0.19
-0.53
-0.35
-0.39
-0.46
-0.8
-0.64
-2.82
0.66
-1.4
-15.13
-23.4
-22.85
Basic EPS, GAAP
-0.06
0.08
- -
-0.75
-0.01
-0.19
0.23
0.21
0.26
-0.97
0.07
-1.4
-3.14
-11.88
-13.38
-8.61
-11.08
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.43
0.8
0.55
0.41
0.42
0.37
0.01
0.85
0.66
0.12
-0.57
0.54
7.61
8.64
1.15
1.43
-3.74
Book Value per Share
0.43
0.79
0.54
0.4
0.41
0.36
-0.01
0.83
0.64
0.09
-0.59
0.52
7.29
8.38
0.99
1.27
-3.91
Tangible Book Value per Share
40
40
40
40
40
41
45
42
42
42
42
42
42
42
42
42
42
Basic Weighted Avg Shares
95
101
101
113
125
133
163
185
230
224
253
340
1,472
1,337
1,060
760
634
Sales/Revenue/Turnover
-4.38
-7.49
-6.13
-5.48
0.83
2.02
4.61
2.87
8.77
4
6.96
-0.78
-6.18
-13.86
-20.89
-35.53
-64.46
Operating Margin (%)
8
6
6
6
7
8
8
8
7
10
11
12
53
86
108
113
112
Depreciation Expense
-13
-27
-9
-30
-8
-22
-16
-16
-19
-34
-27
-118
28
-59
-635
-983
-960
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
7.58
- -
- -
- -
- -
Effective Tax Rate (%)
-13.48
-26.78
-8.75
-26.53
-5.99
-16.55
-9.77
-8.78
-8.4
-14.96
-10.59
-34.77
1.89
-4.41
-59.94
-129.28
-151.42
Profit Margin (%)
-56
-4
-15
-49
-38
-33
-51
-43
-87
-120
-171
-313
-803
-1,291
-2,261
-2,948
-3,948
Working Capital
- -
49
53
46
61
71
61
68
45
48
31
35
13
63
144
331
262
LT Debt
17
32
22
16
17
17
- -
36
28
5
-24
23
320
363
48
60
-157
Total Equity
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
-23.99
- -
- -
- -
- -
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
25.3
- -
- -
- -
- -
Return on Capital (%)
-58.51
-109.93
-32.83
-157.15
-45.59
-131.9
-188.33
-90.08
-61.04
-206.24
- -
- -
16.27
-17.27
-308.96
-1,815.23
- -
Return on Common Equity (%)

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,527
2,233
2,392
LT Borrowings
330
285
262
LT Finance Leases
1
1
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
42
42
42
Market Capitalization
1,390
1,069
1,008

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
395
375
290
Cash, Cash Equivalents & STI
25
24
25
Accounts Receivable, Net
184
172
132
Inventories
161
145
108
Total Current Liabilities
3,343
3,792
4,238
Payables & Accruals
- -
- -
- -
ST Debt
2,527
2,233
2,392
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
1,112.82%
211.47%
24.88%
Free Cash Flow
-256.69%
-353.34%
-35.63%
Net Income, GAAP
98.51%
187.64%
54.71%
Sales/Revenue/Turnover
38.02%
61.83%
-28.27%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
301
228
241
188
1,060
2025
272
222
186
156
760
2026
180
111
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.74
-3.31
-4.75
-4.68
-15.13
2025
-3.87
-4.56
-6.01
-10.31
-23.4
2026
-3.66
-2.87
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Viking Kagit ve Seluloz A.S. is a Turkey-based manufacturer and distributor of tissue paper, hygiene paper products, and cellulose-based specialty papers. Operating as a subsidiary of Yasar Holding, the company manufactures and markets a comprehensive portfolio of consumer and away-from-home (AfH) paper goods. Its core product lines include consumer tissue products such as multi-ply toilet paper, kitchen towels, napkins, facial tissues, and pocket handkerchiefs sold under retail brand names including Premia, Lily, Senso, and Pufla; away-from-home and professional hygiene solutions comprising jumbo toilet rolls, center-pull towels, V-fold and Z-fold dispenser hand towels, examination couch rolls, and industrial wiping rolls marketed under the Select and Viking Professional brands; and semi-finished parent reels and specialty packaging papers supplied to converting and packaging industries. The company also produces eco-friendly and 100% recycled paper lines, notably under its Select Nature brand, utilizing advanced de-inking technology. Viking Kagit ve Seluloz distributes its products across domestic retail and institutional channels, as well as exporting to international markets throughout Europe, the Middle East, Central Asia, and Africa. Founded in 1969 and headquartered in Izmir, Turkey, the company operates integrated manufacturing and converting facilities located in Aliaga, Izmir. In recent operational developments, Viking Kagit ve Seluloz has advanced its modernization and sustainability initiatives by commissioning rooftop solar photovoltaic power systems at its Aliaga production facility to increase renewable energy self-sufficiency and reduce carbon emissions. Additionally, the company has expanded its converting line capacities to meet growing demand for high-value-added and eco-certified tissue goods, broadened its FSC-certified and recycled product portfolio across international export channels, and executed capital structure adjustments, including registered capital ceiling increases, to support long-term operational growth and supply chain efficiency.