YOLFTbeta
D-MARKET Electronic Services & Trading ADR

D-MARKET Electronic Services & Trading ADR

HEPS · NASDAQ · Consumer Cyclical / Internet Retail

2.77USD+0.06 (+2.21%)

Price History

Full chart

Market Stats

Previous Close2.71
Open2.72
Day Range2.72 – 2.80
52-Week Range2.15 – 3.33
Volume95.49K
Market Cap843.05M
P/E (TTM)0.00
Forward P/E0.00
EPS-0.38
Dividend Yield0.00%
Beta2.13
50-Day Avg2.73
200-Day Avg2.73

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.

Company Details

  • SectorConsumer Cyclical
  • IndustryInternet Retail
  • CEOMr. Ender Ozgun
  • Employees3.61K
  • HeadquartersKustepe Mahallesi MecidiyekOey Yolu, Istanbul, Turkey, 34387, USA
  • Websitehttps://www.hepsiburada.com

Leadership

  • Mr. Ender OzgunChief Executive Officer · b. 1982
  • Mr. Mehmet Seckin KoseogluChief Financial Officer · b. 1973
  • Mr. Alexey ShevenkovChief Technology Officer · b. 1984
  • Ms. Ceren Tuzcu SeyhunluInvestor Relations Director
  • Mr. Hakan KaradoganCEO of Delivery Business & Logistics · b. 1972

Financials

Income Statement

Currency: TRY2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue1.96B2.60B15.17B24.79B38.23B35.56B57.05B84.65B
Growth (%)-+33.16%+482.70%+63.41%+54.20%-6.98%+60.43%+48.39%
Cost of Revenue1.52B1.85B11.85B19.44B29.92B28.31B35.66B53.98B
Gross Profit436.09M756.63M3.32B5.35B8.31B7.25B21.39B30.67B
Gross Margin22.30%29.06%21.88%21.60%21.73%20.38%37.49%36.23%
Operating Expense487.62M655.51M4.15B12.13B15.69B7.97B21.37B31.57B
Operating Income-51.53M101.11M-827.66M-6.78B-7.38B-724.98M16.96M-901.62M
Operating Margin-2.64%3.88%-5.46%-27.33%-19.31%-2.04%0.03%-1.07%
EBITDA-35.95M3.32M-295.23M-2.11B-4.89B2.63B3.31B1.64B
EBITDA Margin-1.84%0.13%-1.95%-8.53%-12.79%7.39%5.80%1.93%
Net Income-161.32M-131.65M-936.59M-3.33B-6.92B75.53M-1.60B-5.70B
Net Income Margin-8.25%-5.06%-6.17%-13.43%-18.09%0.21%-2.81%-6.73%
R&D20.58M21.84M75.45M230.48M382.56M926.66M740.63M-
R&D as % of Total Revenue1.05%0.84%0.50%0.93%1.00%2.61%1.30%-
Interest Expense47.10M40.55M301.51M579.19M809.26M1.38B2.87B4.21B
Interest Expense % of Total Revenue2.41%1.56%1.99%2.34%2.12%3.87%5.02%4.97%

Balance Sheet

Currency: TRY2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets641.47M956.00M1.96B13.39B16.59B25.38B26.14B36.95B
Total Liabilities999.47M1.27B2.75B8.57B13.22B20.61B22.82B34.93B
Total Equity-358.00M-310.83M-787.33M4.81B3.37B4.77B3.32B2.01B
Cash136.48M282.30M592.64M6.26B8.68B7.94B6.75B11.31B
Total Debt255.65M103.27M491.49M664.36M471.81M668.00M2.23B2.43B
Net Debt119.16M-179.04M-101.15M-5.60B-8.21B-7.27B-4.52B-8.88B

Cash Flow

Currency: TRY2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow168.21M363.78M23.76M-48.58M-25.60M99.09M18.25M4.81B
Investing Cash Flow-49.22M-53.34M-14.22M-122.76M54.22M-92.01M-25.38M-1.52B
Financing Cash Flow-188.35M-170.72M36.34M427.31M-25.58M-6.63M29.23M1.71B
Capital Expenditure49.34M53.56M3.95M6.00M50.95M48.43M61.17M2.62B
Free Cash Flow118.87M310.22M19.82M-54.58M-76.55M50.66M-42.92M2.19B
Dividends Paid00000000
FCF to OCF70.67%85.28%83.39%112.36%299.00%51.12%-235.23%45.48%
Dividend Paid to FCF0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Earnings

Report DateMar 31, 2020Mar 31, 2021Aug 26, 2021Nov 23, 2021Mar 24, 2022Jun 1, 2022Sep 28, 2022Dec 6, 2022Mar 22, 2023May 25, 2023Aug 24, 2023Dec 5, 2023Mar 25, 2024Jun 13, 2024Sep 11, 2024Dec 10, 2024Jun 12, 2025Jul 31, 2025Nov 5, 2025Feb 26, 2026May 8, 2026Aug 6, 2026Nov 4, 2026
EPS Estimate0.000.00-0.94-1.16-1.72-0.08-0.75-0.91-------0.75--------
EPS Actual-0.03-0.10-1.14-2.742.19-0.74-0.11-1.75-0.09-0.030.13-0.02-0.07-0.01-1.74-0.96-1.10-2.30-0.10-0.24-0.06-0.11-
Surprise---21.28%-136.21%227.33%-825.00%85.35%-92.31%-------132.00%--------
Timing--Pre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-market-Pre-market----After-hours-

Key Statistics & Ratios

Market Cap843.05M
Enterprise Value765.36M
Trailing P/E0.00
Forward P/E0.00
Price / Sales0.51
Price / Book40.62
EPS-0.38
Book Value2.67
Revenue (TTM)62.56B
Gross Profit (TTM)16.00B
EBITDA-1.85B
Profit Margin-8.00%
Operating Margin0.00%
Return on Equity-636.49%
Return on Assets-4.57%
Shares Outstanding317.23M
Shares Float20.27M
Beta2.13
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 3 analystsTarget 3.22
  • Strong Buy
    1
  • Buy
    1
  • Hold
    1

Ownership Breakdown

Institutions
7.01%
Insiders
92.52%
Retail / Other
0.47%

Top Institutional Holders

  • VR Advisory Services Ltd
    16.47M4.61%
  • BlackRock Inc
    2.75M0.77%
  • State Street Corp
    2.34M0.65%
  • BNP Paribas Arbitrage, SA
    871.75K0.24%
  • UBS Group AG
    813.59K0.23%
  • Morgan Stanley - Brokerage Accounts
    522.64K0.15%
  • Geode Capital Management, LLC
    173.51K0.05%
  • Delaware Management Holdings Inc
    159.80K0.04%

Top Fund Holders

  • BSF Emerging Markets Eq Strats Z2 USD
    3.02M0.84%
  • State Street AUT Em Mkts Tilted Idx Eq
    1.50M0.42%
  • State Street® SPDR® Portfolio EM ETF
    753.08K0.21%
  • East Capital Balkans A SEK
    359.75K0.10%
  • East Capital New Europe A SEK
    300.79K0.08%
  • Bridge Hosking Global Equity B USD Acc
    149.18K0.04%
  • Nomura Emerging Markets Instl
    144.60K0.04%
  • Hosking Global No.1 A1
    136.10K0.04%
  • Amundi Fds Em Eurp Mdl East & Afr E2EURC
    127.08K0.04%
  • State Street® SPDR® S&P® EM Sm Cp ETF
    109.89K0.03%
  • Amundi Eastern Eur Stock A
    93.55K0.03%
  • Parametric Tax-Managed Emerg Mkt I
    90.00K0.03%