TKCTurkcell Iletisim Hizmetleri A.S.
Is it safe?
Nothing alarming, nothing pristine: comfortable debt (A) and typical volatility.
Investment-grade balance sheet. A rule of thumb on leverage, not a credit rating.
Moderate price swings, typical volatility. Worst drawdown -73% · now 30% below its 52-week high.
Where this answer is blind. Altman sits structurally low for utilities and pipelines; Beneish runs high for fast growers, since sales growth alone lifts it; banks and REITs are excluded.
Can TKC take a bad year?
Turkcell Iletisim Hizmetleri A.S. carries $25.2B of net debt at 0.65× EBITDA: a load its earnings can carry.
Net debt · as at FY2023 · under two and a half years of EBITDA, comfortable
- Net debt / EBITDA
- 0.65×
Net debt / EBITDA · 1.11× a year ago · the load is coming down
- Interest cover
- 0.39×
Interest cover · operating profit does not cover the interest bill
- Annualised volatility
- 32%
Annualised volatility · about as steady as the market itself
Details›
- Total debtFY2023
- $84.1B
- Cash and short-term investments
- $58.8B
- Net debt
- $25.2B
- EBITDA, trailing twelve months
- $39.1B
- Operating profit, trailing twelve months
- $7.81B
- Debt / equity
- 0.69×
- Total debt / EBITDA
- 2.15×
- Annualised volatilitytwo years of daily moves
- 32%
- Worst drawdown on file
- −73%
- Below its 52-week high
- 30%
Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.