Zedur Enerji ElekTrik Uretim A.S.

Zedur Enerji ElekTrik Uretim A.S.

BBIST:ZEDUR
4.23
TRY
-0.33
(-7.24%)
-0.23EPS
102.50MMarket Cap
2012 Y
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
TTM
Revenue per Share
0.2
0.22
0.24
0.21
0.14
0.26
0.45
0.57
0.29
0.09
0.82
5.61
0.8
0.45
Basic EPS, GAAP
0.03
-0.11
-0.01
-0.13
-0.18
-0.13
-0.23
-0.03
-0.26
1.55
1.1
11.26
0.44
-0.23
Free Cash Flow per Basic Share
0.07
- -
0.04
-0.15
0.05
-0.03
- -
0.29
0.01
-1.85
-0.35
1.56
0.39
0.03
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.65
0.53
0.57
0.67
0.51
0.61
0.58
0.55
0.3
1.92
5.54
9.77
10.02
0.58
Tangible Book Value per Share
0.64
0.53
0.57
0.67
0.51
0.6
0.58
0.55
0.3
1.92
5.54
9.77
10.02
0.58
Basic Weighted Avg Shares
175
175
175
175
175
175
175
175
175
175
175
25
175
175
Sales/Revenue/Turnover
34
38
42
38
24
46
78
100
51
15
144
140
140
78
Operating Margin (%)
25.73
-2.13
11.49
-2.53
-25.67
3.75
14.63
21.68
14.73
17.67
20.46
9.21
-5.46
14.27
Depreciation Expense
2
4
4
5
5
7
10
10
1
13
38
64
51
10
Net Income, GAAP
6
-19
-1
-24
-31
-23
-41
-5
-46
272
191
281
77
-41
Effective Tax Rate (%)
9.59
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
19.52
20.61
- -
Profit Margin (%)
17.06
-48.56
-2.45
-62.78
-126.52
-50.04
-51.75
-5.15
-91.06
1,776.76
132.78
200.81
55.19
-51.73
Working Capital
-5
-27
-38
-19
-37
-47
-81
27
-30
-28
-43
-106
-119
-81
LT Debt
40
42
34
70
74
85
97
- -
- -
119
236
270
186
97
Total Equity
114
93
97
118
90
107
102
97
52
337
975
1,710
1,749
102
Return on Invested Capital (%)
5.04
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
0.5
0.09
- -
Return on Capital (%)
3.68
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
17.5
5.69
- -
Return on Common Equity (%)
5.3
-17.98
-1.08
-22.05
-29.76
-23.53
-39.03
-5.18
-62.08
139.92
29.35
21.05
4.47
-39.01

Capital Structure

TRY

•

in mil. unless spec.
Jun'18
Sep'18
Dec'18
ST Debt
49
60
70
LT Borrowings
100
129
97
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
175
175
175
Market Capitalization
79
93
102

Working Capital

TRY

•

in mil. unless spec.
Jun'18
Sep'18
Dec'18
Total Current Assets
42
48
45
Cash, Cash Equivalents & STI
2
4
2
Accounts Receivable, Net
8
12
3
Inventories
4
2
1
Total Current Liabilities
114
113
125
Payables & Accruals
- -
- -
- -
ST Debt
49
60
70
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
77.23%
152.95%
2.26%
Free Cash Flow
-4,111.89%
-4,457.46%
76.12%
Net Income, GAAP
225.92%
10.88%
-72.57%
Sales/Revenue/Turnover
86.27%
144.22%
-0.18%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
144
2023
- -
- -
39
-13
140
2024
- -
- -
30
26
140

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
1.1
2023
- -
- -
0.09
0.87
11.26
2024
- -
- -
0.14
-0.12
0.44

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -

Company Description

CEO
Nejat Recai Dursun
Full Time Employees
10
Sector
Consumer services
Industry
Other consumer services
Address
Ankara Turkey
IPO Date
Feb 24, 2013
Website
zedur.net
Business
Zedur Enerji Elektrik Uretim A.S. is a Turkey-based independent power producer and infrastructure contracting company primarily engaged in renewable electricity generation, energy storage project development, and construction engineering services. Founded in 1990 and headquartered in Ankara, Turkey, the company operates across two principal business segments: Energy Generation and Construction & Contracting. The company's portfolio of products and services comprises: renewable electricity generation from run-of-river hydroelectric power plants (HEPP), including the Cukurcay Narli Hydroelectric Power Plant; solar photovoltaic (PV) power generation through licensed and unlicensed solar plants such as the Kocadere Solar Power Plant, Cenger Solar Power Plant, and Nif Solar Power Plant; wholesale and retail electricity marketing, with power production supplied to the national electrical grid primarily under the Turkish Renewable Energy Resources Support Mechanism (YEKDEM) feed-in tariff structure; development, engineering, and operation of grid-scale battery energy storage systems (BESS) paired with solar generation assets; turnkey civil engineering and general contracting for superstructure and infrastructure projects, encompassing residential housing communities, commercial complexes, administrative office towers, shopping malls, industrial plants, and tourism facilities; and wholesale trading and procurement of building and construction materials. The company operates domestic facilities and asset portfolios across several provinces in Turkey, including Ankara, Isparta, Denizli, Mugla, and Konya, serving state grid operators, industrial energy consumers, commercial enterprises, and municipal or private property developers. In recent strategic and operational developments, the company executed a comprehensive corporate repositioning, changing its commercial title from Utopya Turizm Insaat Isletmecilik Ticaret A.S. to Zedur Enerji Elektrik Uretim A.S. to align its corporate identity with its core focus on the clean energy and storage transition. To optimize organizational efficiency and consolidate power generation activities, the company executed an intra-group simplified corporate merger combining its subsidiary Dinar Elektrik Uretim A.S. into Isparta Elektrik Uretim A.S. In advancing its strategy in the energy storage sector, Zedur Enerji expanded operations through its subsidiaries Diyar Batarya ve Yenilenebilir Enerji Yatirimlari A.S. and Cinar Batarya ve Yenilenebilir Enerji Yatirimlari A.S., successfully securing official electricity generation licensing approvals from Turkey's Energy Market Regulatory Authority (EPDK) for storage-integrated solar projects, including the Konya Yunak D-GES solar plus battery storage project. Additionally, the company raised its registered capital ceiling from TRY 200 million to TRY 1.25 billion covering the 2024 to 2028 operational period and completed internal capital injections into its battery storage operating entities to finance ongoing grid-scale renewable installations and capacity expansions.