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Kordsa Teknik Tekstil A.S.

Kordsa Teknik Tekstil A.S.

KORDS.IS
Kordsa Teknik Tekstil A.S.TR flagIstanbul Stock Exchange
69.45
TRY
-1.30
- -
13.51BMarket Cap
Kordsa Teknik Tekstil A.S.
KORDS.IS
(Istanbul Stock Exchange)

Recent

price

69.45

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
6.5
8.36
7.67
7.88
8.06
8.92
9.81
12.78
20.29
26.41
23.32
40.56
94.79
120.82
- -
159.58
119.26
Revenue per Share
0.2
0.45
0.21
0.16
0.4
0.51
0.74
0.85
1.5
1.75
0.79
3.95
6.63
0.94
- -
-7.67
-7.55
Basic EPS, GAAP
- -
-0.83
0.77
-0.12
-0.83
0.57
0.67
-0.06
0.56
2.66
3.4
1.19
0.2
9.86
- -
23.48
2.67
Free Cash Flow per Basic Share
- -
0.16
0.39
0.18
- -
0.35
0.31
0.3
0.34
0.35
0.25
- -
0.82
0.29
- -
2.3
- -
Dividend per Share
1.19
1.45
1.21
1.18
1.58
3.67
4.01
4.52
5.61
6.73
7.01
10.69
15.28
15.68
- -
-3.87
- -
Book Value per Share
4.39
5.08
4.75
5.04
5.22
5.85
7.17
8.05
9.63
6.62
7.63
17.44
26.8
43.86
- -
49.34
- -
Tangible Book Value per Share
195
195
195
195
195
195
195
195
195
195
195
195
195
195
- -
195
194
Basic Weighted Avg Shares
1,264
1,627
1,492
1,533
1,569
1,735
1,908
2,485
3,947
5,137
4,536
7,891
18,440
23,503
30,433
31,043
23,193
Sales/Revenue/Turnover
6.69
8.22
4.1
3.97
7.24
9.49
11.12
9.9
12.38
10.86
7.21
12.22
8.92
4.37
1.35
-0.02
0.07
Operating Margin (%)
53
55
60
67
75
81
79
103
140
206
285
350
611
953
1,406
1,758
1,084
Depreciation Expense
39
88
41
31
77
99
143
165
292
340
153
769
1,289
183
-1,096
-1,491
-1,468
Net Income, GAAP
36.98
25.55
20.97
25.22
10.3
11.49
16.27
14.65
17.79
18.46
12.46
8.52
5.47
- -
- -
- -
- -
Effective Tax Rate (%)
3.12
5.39
2.74
2.01
4.92
5.72
7.5
6.64
7.41
6.61
3.37
9.74
6.99
0.78
-3.6
-4.8
-6.33
Profit Margin (%)
287
382
272
224
201
316
304
268
465
466
353
672
2,642
2,883
-679
5,410
- -
Working Capital
74
104
98
91
139
194
161
101
525
1,308
1,303
1,505
3,587
5,121
4,011
11,268
- -
LT Debt
907
1,056
990
1,049
1,087
1,216
1,472
1,648
2,339
2,820
3,278
6,484
10,026
16,061
17,205
21,397
- -
Total Equity
5.07
7.89
3.47
3.22
6.53
8.49
9.36
9.74
13.02
9.24
4.68
10.23
10.52
- -
- -
- -
- -
Return on Invested Capital (%)
10.91
13.58
4.62
4.23
7.6
7.88
7.81
8.24
12.24
10.46
6.18
12.94
13.46
- -
- -
- -
- -
Return on Capital (%)
18.66
34.19
15.81
13.27
28.82
19.45
19.15
19.89
29.69
28.31
11.44
44.62
51.03
6.09
-43.94
- -
-95.69
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'24
Dec'24
Mar'25
ST Debt
8,917
14,633
- -
LT Borrowings
6,759
3,093
- -
LT Finance Leases
954
918
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
195
195
- -
Market Capitalization
15,003
13,924
11,085

Working Capital

FRC

•

in mil. unless spec.
Sep'24
Dec'24
Mar'25
Total Current Assets
19,061
18,627
- -
Cash, Cash Equivalents & STI
2,296
4,236
- -
Accounts Receivable, Net
6,194
5,690
- -
Inventories
8,790
7,474
- -
Total Current Liabilities
14,339
19,305
- -
Payables & Accruals
- -
- -
- -
ST Debt
8,917
14,633
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
35.58%
48.82%
24.36%
Free Cash Flow
578.08%
1,289.49%
1,968.11%
Net Income, GAAP
-17.96%
-55.5%
36.05%
Sales/Revenue/Turnover
38.41%
53.31%
2%
Total Cash Common Dividend
- -
- -
685.7%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,239
7,586
7,865
7,743
30,433
2025
- -
8,037
7,546
- -
31,043
2026
8,756
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.17
-0.21
-1.35
- -
- -
2025
-1.74
-2.05
- -
- -
-7.67
2026
0.17
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
2.3
2026
- -
- -
- -
- -
- -
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Business
Kordsa Teknik Tekstil A.S. (KORDS.IS) manufactures and supplies reinforcement materials primarily for the tire, composites, construction, and compounding industries worldwide. Founded in 1973 as a subsidiary of Haci Omer Sabanci Holding A.S. and headquartered in Izmit, Kocaeli, Turkey, the company produces carcass and industrial fabrics for vehicle tires including automobiles, airplanes, motorcycles, agricultural machinery, lorries, buses, and industrial vehicles; composite reinforcement products such as prepregs, prepreg adhesives, surface films, and phenolic honeycombs for aerospace, automotive, sports equipment, and marine applications; construction reinforcement solutions for infrastructure and superstructure projects; and compounding materials using 100% recycled PA66 granules for sustainable engineering plastics, alongside heavy denier fibers, nylon yarns, polymers, rubber and plastic materials, and connection fabrics. Kordsa operates nearly 4,500 to 5,000 employees across 11 to 13 production facilities in seven countries including Turkey, Brazil, Indonesia, Thailand, the USA, Italy, and Germany, serving tire manufacturers that account for one in every three automobile tires and two in every three aircraft tires globally, with geographic segments spanning Europe, Middle East and Africa; North America; South America; and Asia, and revenue primarily from industrial yarn and cord fabric, advanced composites, and other operations. Recent developments include a capital increase from TRY 194.5 million to TRY 484.3 million announced in September 2025 with an application to the Capital Markets Board; subsidiary Kordsa Inc. agreeing in May 2025 to purchase minority shares for EUR 34.9 million; the appointment of Ergun Hepvar as CEO effective June 1, 2025; prior acquisitions such as 60% of Microtex Composites SRL in 2023 for TL 490 million and Fabric Development, Textile Products, and Advanced Honeycomb to expand aerospace competencies; and sustained expansion in sustainable technologies like low-carbon-footprint products and eco-friendly tire reinforcements reducing fuel consumption and emissions.