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Karsan Otomotiv Sanayii ve Ticaret A.S.

Karsan Otomotiv Sanayii ve Ticaret A.S.

KRSOF
Karsan Otomotiv Sanayii ve Ticaret A.S.US flagOther OTC
0.22
USD
- -
- -
195.30MMarket Cap
Karsan Otomotiv Sanayii ve Ticaret A.S.
KRSOF
(Other OTC)

Recent

price

0.22

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
2.58
2.62
2.08
3.25
0.72
2.36
1.5
1.78
2.6
3.11
1.8
2.33
5.96
11.91
15.8
18.44
21.53
Revenue per Share
-0.16
-0.11
-0.21
0.06
-0.17
-0.13
-0.11
0.01
-0.04
0.03
0.02
0.11
-0.23
0.62
0.08
0.2
0.32
Basic EPS, GAAP
0.03
-0.24
-0.64
-0.87
-0.49
-0.37
-0.15
-0.09
-0.01
-0.11
0.43
-0.05
-1.54
3.08
-0.61
0.73
0.76
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.21
0.27
0.09
0.86
0.33
0.22
0.25
0.27
0.19
0.8
0.56
0.67
-6.55
-5.94
-8.22
-8.02
-8.86
Book Value per Share
0.41
0.43
0.8
0.86
0.2
0.15
0.21
0.21
0.2
0.64
0.48
0.71
2.71
3.3
4.14
3.84
4.16
Tangible Book Value per Share
215
304
280
280
496
496
647
647
647
606
900
900
900
900
900
900
900
Basic Weighted Avg Shares
554
798
583
913
358
1,169
972
1,152
1,683
1,882
1,616
2,100
5,361
10,717
14,224
16,599
19,379
Sales/Revenue/Turnover
-5.23
2.44
-4
4.4
-14.49
1.97
-4.67
9.06
10.06
12.25
19.38
16.75
0.29
2.31
5.75
11.9
14.02
Operating Margin (%)
21
23
25
25
31
39
55
49
53
61
67
78
413
542
714
768
834
Depreciation Expense
-35
-33
-59
16
-85
-63
-74
7
-23
18
20
99
-206
556
73
179
287
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
7.99
- -
17.88
63.38
- -
- -
- -
73.45
55.3
50.63
Effective Tax Rate (%)
-6.35
-4.16
-10.13
1.74
-23.83
-5.35
-7.56
0.6
-1.39
0.96
1.26
4.71
-3.84
5.19
0.51
1.08
1.48
Profit Margin (%)
-88
-24
73
225
122
11
-123
254
-206
-76
440
-212
-876
-568
-149
31
-30
Working Capital
- -
97
184
422
642
809
617
1,000
725
447
821
523
1,570
1,098
1,887
1,462
1,149
LT Debt
111
155
253
333
233
242
324
355
328
621
728
994
4,782
5,231
7,186
7,233
7,997
Total Equity
- -
- -
- -
- -
- -
- -
- -
6.8
- -
9.4
5.27
- -
- -
- -
1.69
5.69
9.22
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
6.23
- -
9.66
3.57
- -
- -
- -
148.5
137.07
277.34
Return on Capital (%)
-89.66
-52.6
-110.07
11.93
-42.39
-46.54
-55.16
4.12
-15.52
5.9
4.1
17.8
- -
- -
- -
- -
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
7,733
7,300
8,199
LT Borrowings
1,348
1,459
1,131
LT Finance Leases
3
3
19
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
900
900
900
Market Capitalization
18,799
19,432
8,841

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
10,826
11,333
12,853
Cash, Cash Equivalents & STI
352
1,526
1,040
Accounts Receivable, Net
3,765
5,408
6,346
Inventories
3,987
2,957
3,882
Total Current Liabilities
11,962
11,302
12,883
Payables & Accruals
- -
- -
- -
ST Debt
7,733
7,300
8,199
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
60.76%
93.01%
0.66%
Free Cash Flow
332.58%
475.06%
-220.25%
Net Income, GAAP
-92.7%
-46.41%
146.61%
Sales/Revenue/Turnover
38%
66.91%
16.69%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
2,425
3,134
1,663
5,019
14,224
2025
1,996
3,507
2,536
8,554
16,599
2026
4,781
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.01
-0.43
-0.83
- -
0.08
2025
-0.42
-0.31
-0.39
- -
0.2
2026
0.07
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Karsan Otomotiv Sanayii ve Ticaret A.S. manufactures and sells commercial vehicles including minibuses, buses, electric vehicles, autonomous buses, hydrogen buses, and related spare parts in Turkey and internationally; core products comprise the JEST and e-JEST minibuses, ATAK and e-ATAK midibuses in various lengths up to 18 meters, STAR buses, and emerging e-ATA HYDROGEN and Autonomous e-ATAK models, complemented by after-sales services, marketing, and financial leasing. Founded in 1966 and headquartered in Bursa, Turkey, at the Hasanaga Organize Sanayi Bolgesi facility with capacity for 20,000 vehicles annually, the company operates as a subsidiary of Kiraca Holding A.S. and serves public transportation markets across Europe, North America, Japan, the UK, and 27 countries on three continents, targeting municipalities and urban operators with zero-emission solutions. Recent developments include achieving 540 electric vehicle sales and 296 million euros turnover in 2024 with 28% profitability growth, securing 82% of Turkey's electric public transport exports to Europe over five years, forming a strategic hydrogen technology partnership with Toyota, launching Autonomous e-ATAK projects in 11 sites across 10 countries including the US and Norway with partner ADASTEC, entering right-hand drive markets in Japan and the UK, winning tenders for e-ATAK deliveries in Romania and Turkish cities like Kahramanmaraş, Mersin, and Gaziantep, issuing TRY 2 billion in private placement bonds, and targeting 30% growth, 700 electric vehicle sales, and 350-400 million euros turnover in 2025 while expanding autonomous, hydrogen, and full electric range offerings.