D-MARKET Electronic Services & Trading ADR (HEPS) financial statements

Consumer Cyclical · Internet Retail · Market cap $1.0B

D-MARKET Electronic Services & Trading ADR reported revenue of 57.0B TRY in fiscal 2024, up 85.4% a year over 5 years.

Net income was -1.6B TRY and the operating margin 0.0%, against 3.9% in 2019.

Free cash flow was 3.7B TRY.

The diluted share count rose 15% over the period (dilution).

Revenue and free cash flow

Fiscal years, $ billions (TRY).

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<p style="font-size:13px">Source: <a href="https://investingly.io/stocks/HEPS/financials">D-MARKET Electronic Services & Trading ADR financials</a> on Investingly</p>

Income statement

Fiscal years, in TRY, from D-MARKET Electronic Services & Trading ADR's 10-K filings with the SEC.

Fiscal year	2019	2020	2021	2022	2023	2024
Revenue	2.6B TRY	15.2B TRY	24.8B TRY	38.2B TRY	51.3B TRY	57.0B TRY
Operating income	101M TRY	-828M TRY	-6.8B TRY	-7.4B TRY	-1.0B TRY	17M TRY
Interest expense	273M TRY	957M TRY	3.3B TRY	4.1B TRY	5.8B TRY	7.7B TRY
Pre-tax income	-132M TRY	-937M TRY	-3.3B TRY	-6.9B TRY	109M TRY	-1.6B TRY
Income tax	—	—	—	0 TRY	0 TRY	0 TRY
Net income	-132M TRY	-937M TRY	-3.3B TRY	-6.9B TRY	109M TRY	-1.6B TRY
EPS (diluted)	-0.46 TRY	-3.29 TRY	-10.93 TRY	-21.20 TRY	0.30 TRY	-4.90 TRY
Diluted shares	284M	284M	305M	326M	325M	328M
Operating margin	3.9%	-5.5%	-27.3%	-19.3%	-2.0%	0.0%
Net margin	-5.1%	-6.2%	-13.4%	-18.1%	0.2%	-2.8%

Balance sheet

Fiscal years, in TRY, from D-MARKET Electronic Services & Trading ADR's 10-K filings with the SEC.

Fiscal year	2019	2020	2021	2022	2023	2024
Cash and short-term investments	282M TRY	1.3B TRY	12.2B TRY	12.6B TRY	10.4B TRY	9.1B TRY
Receivables	—	53M TRY	67M TRY	278M TRY	—	—
Inventory	—	770M TRY	2.9B TRY	2.9B TRY	5.7B TRY	6.0B TRY
Total current assets	—	1.7B TRY	11.8B TRY	13.8B TRY	21.1B TRY	20.9B TRY
Property, plant and equipment	42M TRY	173M TRY	369M TRY	804M TRY	726M TRY	831M TRY
Total assets	—	2.0B TRY	13.4B TRY	16.6B TRY	25.4B TRY	26.1B TRY
Total current liabilities	—	2.7B TRY	8.2B TRY	12.8B TRY	19.7B TRY	21.6B TRY
Long-term debt	—	—	—	18M TRY	4M TRY	—
Total liabilities	—	2.8B TRY	8.6B TRY	13.2B TRY	20.6B TRY	22.8B TRY
Shareholders' equity	-655M TRY	-2.6B TRY	11.4B TRY	4.9B TRY	4.8B TRY	3.3B TRY
Net debt	-282M TRY	-977M TRY	-10.0B TRY	-12.5B TRY	-7.7B TRY	-5.1B TRY

Cash flow

Fiscal years, in TRY, from D-MARKET Electronic Services & Trading ADR's 10-K filings with the SEC.

Fiscal year	2019	2020	2021	2022	2023	2024
Operating cash flow	364M TRY	1.1B TRY	-47M TRY	1.0B TRY	7.2B TRY	5.7B TRY
Capital spending	54M TRY	244M TRY	645M TRY	2.0B TRY	1.7B TRY	2.0B TRY
Free cash flow	310M TRY	852M TRY	-692M TRY	-991M TRY	5.6B TRY	3.7B TRY
Stock-based compensation	—	—	281M TRY	362M TRY	154M TRY	180M TRY
Share buybacks (net)	—	—	—	—	-69M TRY	—
Net borrowing	-88M TRY	755M TRY	-541M TRY	-532M TRY	285M TRY	1.4B TRY
Free cash flow margin	11.9%	5.6%	-2.8%	-2.6%	10.9%	6.5%

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Questions

What was D-MARKET Electronic Services & Trading ADR's revenue in 2024?

57.0B TRY in fiscal 2024, from its 10-K filing.

How much free cash flow does D-MARKET Electronic Services & Trading ADR generate?

3.7B TRY in fiscal 2024 (operating cash flow minus capital spending).

From D-MARKET Electronic Services & Trading ADR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.