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Financial statements

D-MARKET Electronic Services & Trading financial statements

Income statement, balance sheet and cash flow statement for the last 6 fiscal years, taken from the XBRL data D-MARKET Electronic Services & Trading files with the SEC in its annual reports.

In TRY millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2019FY2021FY2021FY2022FY2023FY2024
Revenue2,60415,17224,79238,22951,33957,047
Operating income101-828-6,777-7,382-1,04717
Interest expense2739573,2774,0685,7907,660
Interest income40.52496,6314,5525,1104,018
Pre-tax income-132-937-3,330-6,917109-1,605
Income tax000
Net income-132-937-3,330-6,917109-1,605
EBITDA167-526-6,140-6,1626482,065
EPS, basic-2.15-7.82-15.76-21.200.30-4.90
EPS, diluted-2.15-7.82-15.76-21.200.30-4.90

Balance sheet

FY2019FY2021FY2021FY2022FY2023FY2024
Cash and equivalents2821,32510,32212,5287,9416,750
Short-term investments1,90228.92,4872,385
Inventory7702,8762,9475,7256,001
Total current assets1,69011,82313,80521,11420,855
Property, plant and equipment41.7173369804726831
Lease right-of-use assets65.23247121,0438161,300
Intangible assets63.389.4203
Total assets1,96513,38716,58825,38326,145
Total current liabilities2,6568,21812,76319,70221,586
Lease liabilities92.8167173176584
Total liabilities2,7528,57513,22320,61422,823
Total debt34731739.52691,683
Paid-in capital1878,79014,48320,91120,911
Retained earnings-1,033-4,451-12,148-17,538-19,165
Shareholders' equity-655-2,62711,4484,8594,7693,321
Total equity-655-7874,8123,3664,7693,321
Total liabilities and equity1,96513,38716,58825,38326,145

Cash flow statement

FY2019FY2021FY2021FY2022FY2023FY2024
Net income-132-937-3,330-6,917109-1,605
Depreciation and amortization66.33026371,2201,6952,048
Cash from operations3641,096-47.41,0207,2475,698
Cash from investing-53.3-150-3,1162,607-2,423895
Debt issued9033,8975,8292,2478345,223
Debt repaid-991-3,142-6,371-2,779-548-3,791
Share buybacks-69.3
Cash from financing-171-22610,848-3,508-4,808-5,866
Exchange rate effect6.05-27.32,9942,32125249.9

Key metrics

Worked out from the statements above. Latest values use fiscal 2024. No valuation: the share price is quoted in a different currency than the statements.

Profitability

MetricValueHow it is calculated
Operating margin0.0%Operating income / revenue.
EBITDA margin3.6%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-2.8%Pre-tax income / revenue.
Net margin-2.8%Net income / revenue.
Operating cash flow margin10.0%Cash from operations / revenue.
Return on equity (ROE)-39.7%Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)-6.2%Net income / average total assets.
D&A / revenue3.6%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y11.1%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y32.0%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y85.4%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income CAGR, 5y-30.0%Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y218.4%EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 5y65.3%Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y-1,572.0%Net income vs the same period a year earlier. Only from a positive base.
EPS growth, 1y-1,733.0%EPS vs the same period a year earlier. Only from a positive base.
Operating cash flow growth, 1y-21.4%Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 5y73.4%Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y-30.3%Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y-33.8%Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets growth, 1y3.0%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y25.0%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.97xCurrent assets / current liabilities.
Quick ratio0.42x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.42x(Cash + short-term investments) / current liabilities.
Debt / equity0.51xTotal debt / shareholders' equity. Not shown when equity is negative.
Debt / assets6.4%Total debt / total assets.
Liabilities / assets87.3%Total liabilities / total assets.
Net debt-TRY 7.45BTotal debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA-3.61xNet debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage0.00xOperating income / interest expense.
Working capital-TRY 731.3MCurrent assets - current liabilities.
Tangible book valueTRY 3.32BShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover2.21xRevenue / average total assets.
Fixed asset turnover73.3xRevenue / average property, plant and equipment.

Per share

MetricValueHow it is calculated
EPS, diluted-TRY 4.90Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
EPS, basic-TRY 4.90Net income per basic share, as reported (split-adjusted).
What was D-MARKET Electronic Services & Trading's revenue in fiscal 2024?

D-MARKET Electronic Services & Trading reported revenue of TRY 57.05B for fiscal 2024, 11.1% higher than the year before.

Was D-MARKET Electronic Services & Trading profitable in fiscal 2024?

No. It reported a net loss of TRY 1.60B.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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