Symbols / HEPS Stock $2.61 +1.76% D-Market Elektronik Hizmetler ve Ticaret A.S.

Consumer Cyclical • Internet Retail • Turkey • NMS
HEPS (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Consumer Cyclical
Industry Internet Retail
CEO Ms. Nilhan Gokcetekin
Exch · Country NMS · Turkey
Market Cap 930.57M
Enterprise Value —
Income —
Sales —
FCF (ttm) 3.37B
Book/sh 2.67
Cash/sh —
Employees 3,611
Insider 10d —
IPO Jul 01, 2021
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E —
Forward P/E 0.60
PEG —
P/S —
P/B 0.98
P/C —
EV/EBITDA —
EV/Sales —
Quick Ratio 0.49
Current Ratio 0.82
Debt/Eq 185.74
LT Debt/Eq —
EPS (ttm) -0.36
EPS next Y 4.31
EPS Growth —
Revenue Growth 60.80%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-07-30
Earnings (prior) 2025-06-12
ROA -2.36%
ROE -272.77%
ROIC —
Gross Margin 25.56%
Oper. Margin 0.00%
Profit Margin -7.00%
Shs Outstand 317.23M
Shs Float 52.67M
Insider Own 65.29%
Instit Own 8.72%
Short Float 10.40%
Short Ratio 3.87
Short Interest 1.17M
52W High 3.33
vs 52W High -21.77%
52W Low 2.15
vs 52W Low 21.16%
Beta 2.12
Impl. Vol. —
Rel Volume 0.07
Avg Volume 297.51K
Volume 21.61K
Target (mean) $3.28
Tgt Median $2.95
Tgt Low $2.92
Tgt High $3.97
# Analysts 3
Recom Buy
Prev Close $2.56
Price $2.60
Change 1.76%
About

D-Market Elektronik Hizmetler ve Ticaret A.S. operates e-commerce platforms in Turkey. The company operates a retail website that provides electronics and non-electronics products, such as books, sports, toys, kids and baby products, cosmetics, furniture, etc. It also operates HepsiJet that provides last-mile delivery services; HepsiLojistik, which offers fulfillment services; HepsiMat, an offline network of pick-up and drop-off point; HepsiAd that provides advertising service; and Hepsipay and Hepsifinans, which offers e-wallet, e-money, payment facilitation services, and consumer lending. The company was incorporated in 2000 and is headquartered in Istanbul, Turkey. D-Market Elektronik Hizmetler ve Ticaret A.S. is a subsidiary of Joint Stock Company Kaspi.kz.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$3.28
Mean price target
2. Current target
$2.61
Latest analyst target
3. DCF / Fair value
$191.07
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$2.61
Low
$2.92
High
$3.97
Mean
$3.28

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2025-11-18 down JP Morgan Overweight → Neutral $3
2021-08-31 down B of A Securities Buy → Neutral $12
2021-08-04 init HSBC — → Buy $19
2021-07-27 init JP Morgan — → Overweight $16
2021-07-27 init Morgan Stanley — → Equal-Weight $15
2021-07-27 init Goldman Sachs — → Buy $26
News
RSS: Latest HEPS news
Insider Transactions

No recent insider transactions.

Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
84,651.82
+13.37%
74,669.57
+11.12%
67,198.76
+75.78%
38,228.62
Operating Revenue
79,333.01
+12.88%
70,281.69
+7.91%
65,127.15
+73.56%
37,525.09
Cost Of Revenue
53,981.42
+15.66%
46,672.96
-0.37%
46,845.82
+56.56%
29,921.05
Reconciled Cost Of Revenue
53,981.42
+15.66%
46,672.96
-0.37%
46,845.82
+56.56%
29,921.05
Gross Profit
30,670.40
+9.55%
27,996.62
+37.56%
20,352.94
+144.99%
8,307.57
Operating Expense
31,572.02
+15.10%
27,429.91
+27.19%
21,566.60
+45.33%
14,839.60
Selling General And Administration
26,460.15
+15.53%
22,903.07
+25.09%
18,308.64
+43.10%
12,794.52
Selling And Marketing Expense
16,505.00
+21.42%
13,593.75
+25.06%
10,869.57
+35.94%
7,995.74
General And Administrative Expense
9,955.16
+6.94%
9,309.32
+25.14%
7,439.07
+55.02%
4,798.78
Salaries And Wages
9,130.71
+6.46%
8,576.92
+29.52%
6,621.90
+55.50%
4,258.58
Other Gand A
536.67
+35.26%
396.77
-25.35%
531.53
+61.87%
328.38
Other Operating Expenses
1,896.01
+5.10%
1,803.94
+109.44%
861.31
+9.39%
787.36
Total Expenses
85,553.44
+15.45%
74,102.87
+8.32%
68,412.42
+52.84%
44,760.65
Operating Income
-901.62
-259.10%
566.71
+146.69%
-1,213.66
+81.42%
-6,532.03
Total Operating Income As Reported
-2,030.05
-9246.00%
22.20
+101.62%
-1,370.07
+81.44%
-7,381.73
EBITDA
1,635.45
-62.24%
4,331.63
-12.76%
4,965.22
+201.59%
-4,887.63
Normalized EBITDA
2,600.76
-38.95%
4,259.98
+165.06%
1,607.15
+124.70%
-6,507.22
Reconciled Depreciation
3,171.43
+18.30%
2,680.86
+20.82%
2,218.89
+81.90%
1,219.84
EBIT
-1,535.98
-193.05%
1,650.78
-39.89%
2,746.33
+144.97%
-6,107.48
Total Unusual Items
-965.31
-1447.18%
71.65
-97.87%
3,358.06
+107.34%
1,619.59
Total Unusual Items Excluding Goodwill
-965.31
-1447.18%
71.65
-97.87%
3,358.06
+107.34%
1,619.59
Special Income Charges
-1,116.03
-109.48%
-532.76
-254.57%
-150.26
+80.04%
-752.77
Other Special Charges
—
—
63.24
-91.60%
752.77
Impairment Of Capital Assets
269.46
0.00
—
—
Write Off
846.57
+58.90%
532.76
+512.28%
87.01
—
Net Income
-5,699.18
-171.30%
-2,100.70
-1571.65%
142.74
+102.06%
-6,916.74
Pretax Income
-5,742.32
-173.35%
-2,100.70
-1571.65%
142.74
+102.06%
-6,916.74
Net Non Operating Interest Income Expense
-7,231.54
-34.32%
-5,383.70
-22.26%
-4,403.52
-121.85%
-1,984.92
Interest Expense Non Operating
4,206.34
+12.12%
3,751.47
+44.09%
2,603.59
+221.72%
809.26
Net Interest Income
-7,231.54
-34.32%
-5,383.70
-22.26%
-4,403.52
-121.85%
-1,984.92
Interest Expense
4,206.34
+12.12%
3,751.47
+44.09%
2,603.59
+221.72%
809.26
Interest Income Non Operating
4,136.43
+1.80%
4,063.25
+145.02%
1,658.37
+113.36%
777.26
Interest Income
4,136.43
+1.80%
4,063.25
+145.02%
1,658.37
+113.36%
777.26
Other Income Expense
2,390.84
-11.98%
2,716.30
-52.84%
5,759.93
+259.95%
1,600.21
Other Non Operating Income Expenses
3,356.14
+26.90%
2,644.65
+10.11%
2,401.86
+12495.44%
-19.38
Gain On Sale Of Security
150.72
-75.06%
604.42
-82.77%
3,508.32
+47.88%
2,372.36
Tax Provision
-43.15
0.00
0.00
0.00
Tax Rate For Calcs
0.00
0.00
0.00
0.00
Tax Effect Of Unusual Items
-7.25
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
-5,699.18
-171.30%
-2,100.70
-1571.65%
142.74
+102.06%
-6,916.74
Net Income From Continuing Operation Net Minority Interest
-5,699.18
-171.30%
-2,100.70
-1571.65%
142.74
+102.06%
-6,916.74
Net Income From Continuing And Discontinued Operation
-5,699.18
-171.30%
-2,100.70
-1571.65%
142.74
+102.06%
-6,916.74
Net Income Continuous Operations
-5,699.18
-171.30%
-2,100.70
-1571.65%
142.74
+102.06%
-6,916.74
Normalized Income
-4,741.12
-118.25%
-2,172.35
+32.44%
-3,215.32
+62.33%
-8,536.32
Net Income Common Stockholders
-5,699.18
-171.30%
-2,100.70
-1571.65%
142.74
+102.06%
-6,916.74
Diluted EPS
-15.31
-139.22%
-6.40
-1554.55%
0.44
+110.84%
-4.06
Basic EPS
-15.31
-139.22%
-6.40
-1554.55%
0.44
+110.84%
-4.06
Basic Average Shares
372.27
+13.37%
328.36
+1.09%
324.81
+7.69%
301.62
Diluted Average Shares
372.27
+13.37%
328.36
+1.09%
324.81
+7.69%
301.62
Diluted NI Availto Com Stockholders
-5,699.18
-171.30%
-2,100.70
-1571.65%
142.74
+102.06%
-6,916.74
Depreciation Amortization Depletion Income Statement
3,171.43
+18.30%
2,680.86
+20.82%
2,218.89
+81.90%
1,219.84
Depreciation And Amortization In Income Statement
3,171.43
+18.30%
2,680.86
+20.82%
2,218.89
+81.90%
1,219.84
Insurance And Claims
171.54
+0.98%
169.87
-19.56%
211.17
+22.80%
171.97
Other Taxes
44.42
+5.67%
42.04
-76.35%
177.77
+9808.74%
-1.83
Provision For Doubtful Accounts
—
407.02
+784.01%
46.04
+15.93%
39.72
Rent And Landing Fees
116.23
-29.88%
165.76
+122.60%
74.47
+86.81%
39.86
Rent Expense Supplemental
116.23
-29.88%
165.76
+122.60%
74.47
+86.81%
39.86
Total Other Finance Cost
7,161.63
+25.74%
5,695.48
+64.69%
3,458.30
+77.08%
1,952.91
Line Item Trend 2025-12-31
Total Assets
36,946.59
Current Assets
29,667.19
Cash Cash Equivalents And Short Term Investments
13,323.72
Cash And Cash Equivalents
11,307.63
Cash Equivalents
11,199.34
Cash Financial
108.29
Other Short Term Investments
2,016.09
Receivables
6,365.66
Accounts Receivable
6,239.27
Gross Accounts Receivable
—
Allowance For Doubtful Accounts Receivable
—
Other Receivables
—
Taxes Receivable
126.18
Loans Receivable
—
Inventory
8,729.27
Finished Goods
8,729.27
Prepaid Assets
899.12
Restricted Cash
223.80
Other Current Assets
125.62
Total Non Current Assets
7,279.40
Net PPE
3,291.49
Gross PPE
10,549.60
Accumulated Depreciation
-7,258.11
Properties
0.00
Buildings And Improvements
4,453.66
Machinery Furniture Equipment
5,153.22
Other Properties
377.57
Leases
565.16
Goodwill And Other Intangible Assets
3,872.68
Goodwill
0.54
Other Intangible Assets
3,872.14
Non Current Accounts Receivable
26.75
Non Current Deferred Assets
47.93
Non Current Deferred Taxes Assets
47.93
Non Current Prepaid Assets
39.80
Other Non Current Assets
0.75
Total Liabilities Net Minority Interest
34,934.99
Current Liabilities
33,390.28
Payables And Accrued Expenses
27,034.79
Payables
26,715.74
Accounts Payable
25,879.49
Other Payable
4.47
Current Accrued Expenses
319.05
Employee Benefits
262.94
Pensionand Other Post Retirement Benefit Plans Current
1,016.64
Total Tax Payable
831.77
Current Debt And Capital Lease Obligation
1,647.49
Current Debt
596.55
Other Current Borrowings
—
Current Capital Lease Obligation
1,050.94
Current Deferred Liabilities
3,158.94
Current Deferred Revenue
3,158.94
Other Current Liabilities
102.80
Total Non Current Liabilities Net Minority Interest
1,544.71
Long Term Debt And Capital Lease Obligation
778.34
Long Term Debt
—
Long Term Capital Lease Obligation
778.34
Non Current Deferred Liabilities
503.43
Non Current Deferred Revenue
342.20
Other Non Current Liabilities
—
Stockholders Equity
2,011.60
Common Stock Equity
2,011.60
Capital Stock
949.54
Common Stock
949.54
Share Issued
361.84
Ordinary Shares Number
357.23
Treasury Shares Number
4.62
Additional Paid In Capital
19,713.11
Retained Earnings
-18,330.09
Gains Losses Not Affecting Retained Earnings
0.00
Treasury Stock
320.97
Other Equity Adjustments
—
Total Equity Gross Minority Interest
2,011.60
Total Capitalization
2,011.60
Working Capital
-3,723.10
Invested Capital
2,608.15
Total Debt
2,425.82
Capital Lease Obligations
1,829.27
Net Tangible Assets
-1,861.08
Tangible Book Value
-1,861.08
Current Notes Payable
—
Current Provisions
429.62
Duefrom Related Parties Current
0.21
Dueto Related Parties Current
0.00
Line Of Credit
596.55
Non Current Note Receivables
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
11,284.44
+51.31%
7,457.83
-21.37%
9,485.17
+829.47%
1,020.50
Cash Flow From Continuing Operating Activities
11,284.44
+51.31%
7,457.83
-21.37%
9,485.17
+829.47%
1,020.50
Net Income From Continuing Operations
-5,699.18
-171.30%
-2,100.70
-1571.65%
142.74
+102.06%
-6,916.74
Depreciation Amortization Depletion
3,171.43
+18.30%
2,680.86
+20.82%
2,218.89
+81.90%
1,219.84
Depreciation And Amortization
3,171.43
+18.30%
2,680.86
+20.82%
2,218.89
+81.90%
1,219.84
Other Non Cash Items
7,946.26
-4.98%
8,363.14
-12.61%
9,570.25
+17.48%
8,146.47
Pension And Employee Benefit Expense
930.28
+27.01%
732.44
+4.59%
700.27
+88.47%
371.55
Stock Based Compensation
216.07
-8.26%
235.53
+17.14%
201.08
-44.43%
361.85
Provisionand Write Offof Assets
743.51
+75.66%
423.28
+171.18%
-594.67
-87.36%
-317.39
Asset Impairment Charge
269.46
0.00
0.00
+100.00%
-25.14
Deferred Tax
-43.15
0.00
0.00
—
Deferred Income Tax
-43.15
0.00
0.00
—
Operating Gains Losses
501.29
+765.94%
57.89
-63.86%
160.19
+105.31%
-3,016.78
Gain Loss On Investment Securities
—
—
24.03
+1.19%
23.75
Unrealized Gain Loss On Investment Securities
-64.70
+61.27%
-167.05
+62.78%
-448.86
-514.62%
108.26
Net Foreign Currency Exchange Gain Loss
-428.99
+36.40%
-674.55
-24.90%
-540.08
+84.06%
-3,388.34
Change In Working Capital
4,243.44
+308.51%
-2,035.13
-15.34%
-1,764.45
-220.84%
1,460.14
Change In Receivables
-78.45
+97.11%
-2,712.48
+1.16%
-2,744.33
-302.50%
-681.82
Changes In Account Receivables
-155.85
+94.22%
-2,694.62
+1.57%
-2,737.73
-303.51%
-678.48
Change In Inventory
-1,158.55
-149.81%
-463.77
+79.11%
-2,219.74
-184.93%
2,613.46
Change In Payables And Accrued Expense
6,553.70
+2374.79%
-288.10
-114.72%
1,956.82
+201.24%
-1,932.81
Change In Payable
6,553.70
+2374.79%
-288.10
-114.72%
1,956.82
+201.24%
-1,932.81
Change In Account Payable
6,570.64
+2317.76%
-296.27
-115.02%
1,973.06
+205.38%
-1,872.34
Change In Other Working Capital
289.88
+247.95%
-195.92
-135.65%
549.52
-17.03%
662.33
Change In Other Current Assets
-514.27
-147.57%
1,081.05
+673.42%
139.78
-71.61%
492.32
Change In Other Current Liabilities
-848.86
-256.01%
544.10
-1.70%
553.51
+80.50%
306.65
Investing Cash Flow
2,565.28
+119.05%
1,171.10
+136.92%
-3,171.65
-221.66%
2,607.05
Cash Flow From Continuing Investing Activities
2,565.28
+119.05%
1,171.10
+136.92%
-3,171.65
-221.66%
2,607.05
Net PPE Purchase And Sale
-2,407.49
+7.84%
-2,612.29
-20.60%
-2,166.02
-7.76%
-2,010.13
Purchase Of PPE
-2,414.85
+8.24%
-2,631.65
-20.70%
-2,180.31
-8.40%
-2,011.32
Sale Of PPE
7.36
-62.00%
19.36
+35.52%
14.28
+1104.30%
1.19
Capital Expenditure
-2,414.85
+8.24%
-2,631.65
-20.70%
-2,180.31
-8.40%
-2,011.32
Net Investment Purchase And Sale
1,009.21
+374.47%
-367.69
+88.17%
-3,107.93
-180.46%
3,862.83
Purchase Of Investment
-2,386.12
+71.64%
-8,414.21
+12.22%
-9,585.39
-156.41%
-3,738.32
Sale Of Investment
3,395.33
-57.80%
8,046.52
+24.22%
6,477.46
-14.78%
7,601.15
Net Business Purchase And Sale
—
0.00
0.00
+100.00%
-10.94
Purchase Of Business
—
0.00
0.00
+100.00%
-10.94
Financing Cash Flow
-9,239.21
-20.33%
-7,678.06
-22.01%
-6,293.10
-79.41%
-3,507.60
Cash Flow From Continuing Financing Activities
-9,239.21
-20.33%
-7,678.06
-22.01%
-6,293.10
-79.41%
-3,507.60
Net Issuance Payments Of Debt
-2,592.68
-306.14%
1,257.70
+705.62%
-207.67
+79.44%
-1,009.84
Issuance Of Debt
8,389.90
+22.71%
6,837.08
+526.65%
1,091.06
-51.45%
2,247.40
Repayment Of Debt
-10,982.58
-96.84%
-5,579.38
-329.60%
-1,298.73
+60.13%
-3,257.25
Long Term Debt Issuance
—
5,223.44
+526.65%
833.55
-62.91%
2,247.40
Long Term Debt Payments
-1,123.56
-82.11%
-616.96
-6.18%
-581.07
-21.61%
-477.82
Net Long Term Debt Issuance
-1,123.56
-82.11%
-616.96
-6.18%
-581.07
-21.61%
-477.82
Short Term Debt Issuance
8,389.90
+22.71%
6,837.08
+526.65%
1,091.06
-51.45%
2,247.40
Short Term Debt Payments
-9,859.02
-98.67%
-4,962.42
-591.47%
-717.66
+74.18%
-2,779.43
Net Short Term Debt Issuance
-1,469.12
-178.37%
1,874.66
+402.05%
373.40
+170.18%
-532.03
Net Common Stock Issuance
4,171.96
0.00
+100.00%
-90.75
0.00
Common Stock Payments
0.00
0.00
+100.00%
-90.75
0.00
Cash Dividends Paid
0.00
0.00
0.00
0.00
Repurchase Of Capital Stock
0.00
0.00
+100.00%
-90.75
0.00
Net Other Financing Charges
—
—
—
—
Changes In Cash
4,610.51
+384.87%
950.87
+4555.42%
20.43
-82.97%
119.94
Effect Of Exchange Rate Changes
36.75
-43.75%
65.34
-80.18%
329.62
-85.80%
2,320.62
Beginning Cash Position
8,833.65
-15.00%
10,392.36
-36.55%
16,378.44
+9.93%
14,899.38
End Cash Position
11,297.41
+27.89%
8,833.65
-15.00%
10,392.36
-16.95%
12,512.91
Free Cash Flow
8,869.60
+83.78%
4,826.18
-33.93%
7,304.86
+837.25%
-990.82
Common Stock Issuance
4,171.96
0.00
0.00
0.00
Interest Paid CFF
-10,818.49
-21.07%
-8,935.77
-49.06%
-5,994.67
-140.00%
-2,497.75
Interest Received CFI
3,963.56
-4.52%
4,151.09
+97.45%
2,102.30
+174.71%
765.29
Issuance Of Capital Stock
4,171.96
0.00
0.00
0.00
Other Cash Adjustment Outside Changein Cash
-2,183.51
+15.20%
-2,574.93
+59.36%
-6,336.13
-31.26%
-4,827.03
SEC Filings

No SEC filings found for this symbol (may be non-US or ticker not in SEC index).

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