HEPS Consumer Cyclical

D-Market Elektronik Hizmetler ve Ticaret A.S.

$2.80+1.08%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Consumer Cyclical
Industry: Internet Retail
Country: Turkey
Market cap: 1.0B USD
Enterprise value: 1.7B USD
Full-time employees: 3,611

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 2.13 vs a peer median of 0.63) and less short-term liquidity (current ratio 0.89 vs a peer median of 1.48)higher risk: bigger price swings (beta 2.13 vs peers 0.63) and less liquidity (current ratio 0.89 vs peers 1.48)

Ranks #1,205 of 1,502 consumer cyclical companies (bottom 20%)

See how it ranks against its peers

Worth knowing

Valuation signals disagree. Cheaper than 66% of peers on free cash flow, but only 0% on earnings.
Relative to its free cash flow, D-Market Elektronik Hizmetler ve Ticaret A.S. looks cheaper than 66% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.
Growing fast, still losing money. Revenue grew faster than 81% of peers, at an operating loss.
Revenue grew faster than 81% of peers, but the business runs at an operating loss (margin -2.4%).
Financials may be out of date. Latest financial period ended 10 months ago.
The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.
Annual revenue rose 5 years in a row. Fiscal-year revenue rose from TRY 15.2B in 2020 to TRY 84.7B in 2025.
D-Market Elektronik Hizmetler ve Ticaret A.S.'s fiscal-year revenue rose in each of the five years to 2025, from TRY 15.2B to TRY 84.7B.

StockQuotient Score

34/ 100

Oct 5 35 → Nov 4 34 (-1)

Valuation

Is the price right?

17/100

Weak

3/3 inputs reported · High confidence

Since last year: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-5.8%

SEC filings (IFRS mapped) · 12 months to Dec 2025 · TRY→USD at the current rateNegative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.34Sector median: 0.0439 · MAD: 0.0329

EBITDA yield1.3%

SEC filings (IFRS mapped) · 12 months to Dec 2025 · TRY→USD at the current rateReported value50% base weight · Z-score -1.61Sector median: 0.0877 · MAD: 0.0461

Free cash flow yield9.0%

SEC filings (IFRS mapped) · 12 months to Dec 2025 · TRY→USD at the current rate · operating cash flow − capital spendingReported value20% base weight · Z-score 0.52Sector median: 0.0614 · MAD: 0.0545

Other data (not scored)

Book yield2.0%

SEC filings (IFRS mapped) · latest balance sheet · TRY→USD at the current rateOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.5650 · MAD: 0.3500

Growth

Is it growing?

94/100

Strong

2/3 inputs reported · Partial data

Since last year: ▲ Stronger

12-month revenue up 48.4%

Why

Stronger than most peers on:

▲ 3-yr revenue
▲ Revenue growth

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0420 · MAD: 0.2537

3-year revenue growth30.3%

SEC filings (IFRS mapped) · 3 years to Dec 2025Reported value33% base weight · Z-score 4.10Sector median: 0.0425 · MAD: 0.0636

Revenue growth13.4%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score 1.48Sector median: 0.0373 · MAD: 0.0653

Profitability

Does it earn well?

7/100

Weak

2/3 inputs reported · Partial data

Since last year: ▼ Weaker

Operating margin fell 2.4 points to -2.4%

Why

Weaker than most peers on:

▼ ROA
▼ Operating margin

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-2.4%

SEC filings (IFRS mapped) · 12 months to Dec 2025Reported value33% base weight · Z-score -1.90Sector median: 0.0638 · MAD: 0.0461

Return on assets-15.4%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.27Sector median: 0.0331 · MAD: 0.0254

Return on invested capitalUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0733 · MAD: 0.0600

Other data (not scored)

Gross margin25.3%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.3025 · MAD: 0.1399

Return on equity-283.3%

SEC filings (IFRS mapped) · 12 months to Dec 2025Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0746 · MAD: 0.0674

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last year: No major change

Why

Weaker than most peers on:

▼ Beta
▼ Current ratio

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta2.13

Yahoo Finance · 5-year monthly beta vs the marketOutlier capped at sector 5th/95th percentile33% base weight · Z-score -3.80Sector median: 0.6345 · MAD: 0.2980

Current ratio0.89×

SEC filings (IFRS mapped) · latest balance sheetReported value33% base weight · Z-score -1.06Sector median: 1.4800 · MAD: 0.5570

Debt / equity0.30×

SEC filings (IFRS mapped) · latest balance sheetReported value33% base weight · Z-score 0.47Sector median: 0.4646 · MAD: 0.3556

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about D-Market Elektronik Hizmetler ve Ticaret A.S.

Is D-Market Elektronik Hizmetler ve Ticaret A.S. getting weaker?: Its latest SEC filing (Apr 30, 2026) got weaker in some ways: operating margin fell 2.4 points to -2.4%. Its overall score is unchanged at 34/100 since Oct 28, 2026.
How is D-Market Elektronik Hizmetler ve Ticaret A.S. valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 17/100 against 1,612 consumer cyclical peers. Free cash flow yield 9.0% vs a peer median of 6.1% (stronger than 66% of peers).Free cash flow yield 9.0% vs peers 6.1% (stronger than 66% of peers). Earnings yield -5.8% vs a peer median of 4.4% (weaker than 100% of peers).Earnings yield -5.8% vs peers 4.4% (weaker than 100% of peers).
Is D-Market Elektronik Hizmetler ve Ticaret A.S. growing?: Yes, faster than most of its peers. Growth scores 94/100 against 1,612 consumer cyclical peers. 3-year revenue growth 30.3% vs a peer median of 4.3% (stronger than 95% of peers).3-year revenue growth 30.3% vs peers 4.3% (stronger than 95% of peers).
How profitable is D-Market Elektronik Hizmetler ve Ticaret A.S.?: Less profitable than most of its peers. Profitability scores 7/100 against 1,612 consumer cyclical peers. Return on assets -15.4% vs a peer median of 3.3% (weaker than 100% of peers).Return on assets -15.4% vs peers 3.3% (weaker than 100% of peers).
How risky is D-Market Elektronik Hizmetler ve Ticaret A.S.?: Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Debt / equity 0.30× vs a peer median of 0.46× (stronger than 64% of peers).Debt / equity 0.30× vs peers 0.46× (stronger than 64% of peers). Beta 2.13 vs a peer median of 0.63 (weaker than 100% of peers).Beta 2.13 vs peers 0.63 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Year ended Dec 31, 2025 · filed Apr 30, 2026 · compared with the year ended Dec 31, 2024

Got weaker

Operating margin fell 2.4 points to -2.4%

Worth watching: D-Market Elektronik Hizmetler ve Ticaret A.S. is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous year	Latest year	Change
Revenue (12 months)	57.0B TRY	84.7B TRY	+48.4%
Net income (12 months)	−1.6B TRY	−5.7B TRY	+255.1%
Operating margin	0.0%	-2.4%	−2.4 pts
Free cash flow (12 months)	3.7B TRY	8.9B TRY	+140.6%
Debt	1.7B TRY	596.5M TRY	−64.5%
Cash	6.8B TRY	11.3B TRY	+67.5%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one year at a time.

Financials

Fiscal years from SEC annual filings · change vs the prior year · amounts in TRY, as reported

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Operating margin	-27.3%	-19.3%	-2.0%	0.0%	-2.4%	▼ 2.4 pts
Net margin	-13.4%	-18.1%	0.2%	-2.8%	-6.7%	▼ 3.9 pts
Return on assets (ROA)	-24.9%	-41.7%	0.6%	-6.1%	-15.4%	▼ 9.3 pts
Return on equity (ROE)	-29.1%	-108.7%	2.3%	-48.3%	-283.3%	▼ 235 pts
Free cash flow margin	-2.8%	-2.6%	10.9%	6.5%	10.5%	▲ 4.0 pts
Current ratio	1.44×	1.08×	1.07×	0.97×	0.89×	▼ 8.0%
Quick ratio	1.09×	0.85×	0.78×	0.69×	0.63×	▼ 8.9%
Debt to equity	0.03×	0.01×	0.04×	0.51×	0.30×	▼ 41%
Interest coverage	-2.07×	-1.81×	-0.18×	0.00×	-0.17×	▼ >999%

HEPS price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 2.13 vs a peer median of 0.63) and less short-term liquidity (current ratio 0.89 vs a peer median of 1.48)higher risk: bigger price swings (beta 2.13 vs peers 0.63) and less liquidity (current ratio 0.89 vs peers 1.48)

Ranks #1,205 of 1,502 consumer cyclical companies (bottom 20%)

See how it ranks against its peers

Worth knowing

Valuation signals disagree. Cheaper than 66% of peers on free cash flow, but only 0% on earnings.

Relative to its free cash flow, D-Market Elektronik Hizmetler ve Ticaret A.S. looks cheaper than 66% of peers; relative to its earnings, cheaper than only 0%. The valuation score blends the two, so look at which measure fits this business best.

Growing fast, still losing money. Revenue grew faster than 81% of peers, at an operating loss.

Revenue grew faster than 81% of peers, but the business runs at an operating loss (margin -2.4%).

Financials may be out of date. Latest financial period ended 10 months ago.

The latest financial period we have ended 10 months ago, so the scores may not reflect recent results.

Annual revenue rose 5 years in a row. Fiscal-year revenue rose from TRY 15.2B in 2020 to TRY 84.7B in 2025.

D-Market Elektronik Hizmetler ve Ticaret A.S.'s fiscal-year revenue rose in each of the five years to 2025, from TRY 15.2B to TRY 84.7B.

Questions investors ask about D-Market Elektronik Hizmetler ve Ticaret A.S.

Is D-Market Elektronik Hizmetler ve Ticaret A.S. getting weaker?

Its latest SEC filing (Apr 30, 2026) got weaker in some ways: operating margin fell 2.4 points to -2.4%. Its overall score is unchanged at 34/100 since Oct 28, 2026.

How is D-Market Elektronik Hizmetler ve Ticaret A.S. valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 17/100 against 1,612 consumer cyclical peers. Free cash flow yield 9.0% vs a peer median of 6.1% (stronger than 66% of peers).Free cash flow yield 9.0% vs peers 6.1% (stronger than 66% of peers). Earnings yield -5.8% vs a peer median of 4.4% (weaker than 100% of peers).Earnings yield -5.8% vs peers 4.4% (weaker than 100% of peers).

Is D-Market Elektronik Hizmetler ve Ticaret A.S. growing?

Yes, faster than most of its peers. Growth scores 94/100 against 1,612 consumer cyclical peers. 3-year revenue growth 30.3% vs a peer median of 4.3% (stronger than 95% of peers).3-year revenue growth 30.3% vs peers 4.3% (stronger than 95% of peers).

How profitable is D-Market Elektronik Hizmetler ve Ticaret A.S.?

Less profitable than most of its peers. Profitability scores 7/100 against 1,612 consumer cyclical peers. Return on assets -15.4% vs a peer median of 3.3% (weaker than 100% of peers).Return on assets -15.4% vs peers 3.3% (weaker than 100% of peers).

How risky is D-Market Elektronik Hizmetler ve Ticaret A.S.?

Higher risk relative to 1,612 consumer cyclical peers, judged on debt, liquidity and share-price swings. Debt / equity 0.30× vs a peer median of 0.46× (stronger than 64% of peers).Debt / equity 0.30× vs peers 0.46× (stronger than 64% of peers). Beta 2.13 vs a peer median of 0.63 (weaker than 100% of peers).Beta 2.13 vs peers 0.63 (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous year

Latest year

Change

Revenue (12 months)

57.0B TRY

84.7B TRY

+48.4%

Net income (12 months)

−1.6B TRY

−5.7B TRY

+255.1%

Operating margin

0.0%

-2.4%

−2.4 pts

Free cash flow (12 months)

3.7B TRY

8.9B TRY

+140.6%

Debt

1.7B TRY

596.5M TRY

−64.5%

Cash

6.8B TRY

11.3B TRY

+67.5%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Operating margin

-27.3%

-19.3%

-2.0%

0.0%

-2.4%

▼ 2.4 pts

Net margin

-13.4%

-18.1%

0.2%

-2.8%

-6.7%

▼ 3.9 pts

Return on assets (ROA)

-24.9%

-41.7%

0.6%

-6.1%

-15.4%

▼ 9.3 pts

Return on equity (ROE)

-29.1%

-108.7%

2.3%

-48.3%

-283.3%

▼ 235 pts

Free cash flow margin

-2.8%

-2.6%

10.9%

6.5%

10.5%

▲ 4.0 pts

Current ratio

1.44×

1.08×

1.07×

0.97×

0.89×

▼ 8.0%

Quick ratio

1.09×

0.85×

0.78×

0.69×

0.63×

▼ 8.9%

Debt to equity

0.03×

0.01×

0.04×

0.51×

0.30×

▼ 41%

Interest coverage

-2.07×

-1.81×

-0.18×

0.00×

-0.17×

▼ >999%