D-MARKET Electronic Services & Trading ADR (HEPS)

Consumer Cyclical · Internet Retail
$2.74 +3.40% on the day Market cap $1.0B 52-week range $2.15 to $3.33 Prices as of Oct 11, 2026

What the price implies

A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.

D-MARKET Electronic Services & Trading ADR's free cash flow isn't comparable to its market value here, so a cash-flow reverse DCF doesn't give a meaningful answer. The Modeling tab works from revenue and margins instead.

Fundamental grade

F

Five factors scored 1 to 9 from HEPS's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.

Valuation6
Profitability1
Growth2
Financial health1
Cash efficiency4

Results from SEC filings

Fiscal years, from D-MARKET Electronic Services & Trading ADR's 10-K filings. Ten years of the full income statement, balance sheet and cash flow.

Fiscal year20202021202220232024
Revenue$15.2B$24.8B$38.2B$51.3B$57.0B
Net income-$937M-$3.3B-$6.9B$109M-$1.6B
Free cash flow$852M-$692M-$991M$5.6B$3.7B
EPS (diluted)-$3.29-$10.93-$21.20$0.30-$4.90
Operating margin-5.5%-27.3%-19.3%-2.0%0.03%

Where the revenue comes from

Revenue by products, fiscal 2025. Every breakdown, year by year.

Sales of goods$57.1B67%
Delivery service revenues$12.4B15%
Marketplace revenues$9.9B12%
Other$5.3B6%

Superinvestors who own HEPS

From each investor's latest 13F filing (what a 13F shows).

None of the superinvestors we track held HEPS in their latest 13F.

Insider buying

Open-market purchases by D-MARKET Electronic Services & Trading ADR's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.

No open-market insider purchases of HEPS in the last 12 months. Most insider activity is selling and option exercises, which aren't shown here.

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In the full deep dive

DCF fair value per share
Yearly return (IRR) at today's price
Growth implied by revenue and margins
15+ years of statements and quarters

Questions

Are D-MARKET Electronic Services & Trading ADR insiders buying the stock?

No open-market insider purchases of HEPS in the last 12 months, according to SEC Form 4 filings.

Prices and ratios as of Oct 11, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.