# Turkcell Iletisim Hizmetleri AS (TKC) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Communication Services / Diversified Telecommunication Services. Price $5.10, market value $4.4 billion.

## Valuation
- **P/E (trailing): 12.1×** (5-yr avg 1.1×, 3-yr avg 0.8×). Turkcell Iletisim Hizmetleri AS trades at 12.1× trailing earnings, well above its own five-year average of 1.1×: investors are paying up relative to the company's past. The Communication Services median in the September 2026 study was 21.1×. Forward P/E is 9.6×, lower than trailing, so analysts expect earnings to grow.
- **PEG: 0.03**. A PEG of 0.03 means the P/E is low relative to expected earnings growth: the market is not paying much for that growth.
- **Price / sales: 0.8×**. Each dollar of revenue is priced at 0.8×, a low multiple typical of thin-margin businesses or out-of-favour stocks.
- **Price / book: 0.0×**. The shares trade below book value, which can signal a bargain or a balance sheet the market doubts.
- **EV / EBITDA: 2.1×**. Enterprise value is 2.1× operating earnings before depreciation, the multiple that ignores how the company is financed; below 8× is inexpensive for most sectors.
- **Free-cash-flow yield: -3.9%**. Free cash flow is negative: the business is consuming cash, which is normal for heavy investment phases but a warning otherwise.
- **Earnings yield: 8.2%**. The inverse of the P/E: 8.2% of the price is earned each year.

## Profitability
- **Gross margin: 27.1%**. Turkcell Iletisim Hizmetleri AS keeps 27.1% of revenue after the direct cost of what it sells.
- **Operating margin: 16.1%**. 16.1% of revenue is left after running the business, a healthy level in most sectors.
- **Net margin: 14.1%**. 14.1% of each dollar of sales reaches the bottom line.
- **Return on equity: 12.6%**. 12.6% on shareholders' equity is solid.
- **Return on invested capital: 9.4%**. Return on all capital, debt included, is 9.4%.
- **Return on assets: 4.6%**. Each dollar of assets produces 4.6% of profit.

## Growth
- **Revenue growth (1 yr): 103.7%** (3-yr 26.2%/yr, 5-yr 54.1%/yr). Revenue grew 103.7% over the last year, against 54.1% a year compounded over five years: growth is accelerating.
- **EPS growth (1 yr): 369.1%** (3-yr 102.1%/yr, 5-yr 78.5%/yr). Earnings per share rose 369.1%, faster than revenue, so margins expanded or the share count shrank.
- **Free-cash-flow growth (3 yr): -28.2%/yr**. Free cash flow has compounded at -28.2% a year over three years, lagging earnings: check whether profits are turning into cash.

## Financial health
- **Debt to equity: 0.56**. Debt is 0.56 times equity, moderate leverage.
- **Net debt / EBITDA: 0.3×**. It would take 0.3 years of operating earnings to repay net borrowings, within the comfortable range.
- **Interest coverage: 2.9×**. Operating profit covers interest 2.9×, thin but manageable.
- **Current ratio: 1.25** (quick 1.24). Current assets cover the next year's liabilities 1.25 times.
- **Altman Z-score: 1.56**. A Z-score of 1.56 is in the distress zone, a signal to examine the balance sheet closely.
- **Piotroski F-score: 8/9**. 8 of 9 fundamental checks pass: strong and improving financials.

## Dividends
- **Dividend yield: 4.32%** ($0.22 per share, trailing). Turkcell Iletisim Hizmetleri AS yields 4.32%, an income-level yield.
- **Payout ratio: 31%**. 31% of earnings goes out as dividends, leaving room to keep raising it.
- **Dividend growth (5 yr): 10.0%/yr** (1-yr -55.4%). The dividend has grown 10.0% a year over five years.
- **Shareholder yield: 4.3%**. Dividends plus net buybacks return 4.3% of the market value a year.

## Price and momentum
- **Total return (1 yr): -8.6%** (YTD -6.8%, 3-mo -11.6%). The shares are down 8.6% over twelve months including dividends.
- **From 52-week high: -29.0%** (4.1% above the low). Trading 29% below its 52-week high.
- **200-day average: below**. The price sits below its 200-day moving average, the usual definition of a downtrend.
- **RSI (14-day): 32**. An RSI of 32 is neutral.
- **Beta (1 yr): 0.63** (volatility 28%). Beta of 0.63 against the S&P 500: the shares move much less than the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=TKC · Page: https://foliofundamentals.com/stocks/tkc

Not investment advice.