D-MARKET ELEKTRONIK HIZMETLER VE TICARET ANONIM SIRKETI Reports 97.4% YOY Revenue Increase for Q2 FY2023
August 31, 2023
☀️Earnings Overview
On August 24, 2023, D-MARKET ELEKTRONIK HIZMETLER VE TICARET ANONIM SIRKETI ($NASDAQ:HEPS) disclosed their earnings report for the second quarter of FY2023 (ending June 30 2023), revealing total revenue of TRY 5893.6 million, up 97.4% year-over-year. Net income was reported at TRY 881.1 million, significantly higher than the -566.3 million reported for the same period in the previous year.
Analysis
GoodWhale has conducted an analysis of D-MARKET ELEKTRONIK HIZMETLER VE TICARET ANONIM SIRKETI’s wellbeing, using a “Star Chart” which measures a company’s health score on a scale from 1-10. The results show a high health score of 7/10, which shows that D-MARKET ELEKTRONIK HIZMETLER VE TICARET ANONIM SIRKETI is capable of sustaining future operations in times of crisis, considering its cashflows and debt. D-MARKET ELEKTRONIK HIZMETLER VE TICARET ANONIM SIRKETI is particularly strong in asset growth, but only medium in profitability and weak in dividends. The analysis classifies D-MARKET ELEKTRONIK HIZMETLER VE TICARET ANONIM SIRKETI as a ‘cheetah’, a type of company which has achieved high revenue or earnings growth but is considered less stable due to lower profitability. This makes the company an attractive option for investors who are looking for short-term gains or the potential for high returns, but who are comfortable with taking on higher risk. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for HEPS. More…
| Total Revenues | Net Income | Net Margin |
| 18.51k | -150.26 | -5.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for HEPS. More…
| Operations | Investing | Financing |
| 1.8k | 906.64 | -1.57k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for HEPS. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 11.46k | 8.35k | 9.54 |
Key Ratios Snapshot
Some of the financial key ratios for HEPS are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 83.4% | – | 1.0% |
| FCF Margin | ROE | ROA |
| 5.4% | 4.4% | 1.0% |
Peers
It operates in three segments: online market, online payment, and online advertising. The company offers a wide range of products and services to its customers, including online marketing, online payment, and online advertising. D-MARKET Electronic Services & Trading competes with Changyou Alliance Group Ltd, PChome Online Inc, and Takung Art Co Ltd in the Chinese market. The company has a strong market position in the online market segment.
However, it faces competition from Changyou Alliance Group Ltd and PChome Online Inc in the online payment and online advertising segments.
– Changyou Alliance Group Ltd ($SEHK:01039)
Changyou Alliance Group Ltd is a Chinese video game developer and publisher. The company was founded in 2003 and listed on the Nasdaq in 2009. Changyou Alliance Group Ltd has a market cap of 246.29M as of 2022, a Return on Equity of -13.08%. The company develops and publishes online games, including massively multiplayer online role-playing games, web games, and mobile games.
– PChome Online Inc ($TPEX:8044)
PChome Online Inc is a Taiwanese company that specializes in e-commerce and internet services. As of 2022, the company has a market capitalization of 6.22 billion US dollars and a return on equity of 3.34%. PChome Online Inc was founded in 1999 and its headquarters are located in Taipei, Taiwan. The company operates various e-commerce platforms in Taiwan, Hong Kong, and China. PChome Online’s main competitors include Alibaba Group, Amazon, and eBay.
– Takung Art Co Ltd ($NYSEAM:TKAT)
Takung Art Co Ltd is a company that deals in art and antiques. It has a market capitalization of 26.59 million as of 2022 and a return on equity of -33.68%. The company deals in a wide range of art and antiques, including paintings, sculptures, ceramics, and jade. It has a wide array of products and services, including art appraisals, art consulting, art brokerage, and art auctions. Takung Art Co Ltd is headquartered in Hong Kong.
Summary
D-MARKET ELEKTRONIK HIZMETLER VE TICARET ANONIM SIRKETI reported strong financial results for the second quarter of FY2023, with total revenue increasing by 97.4% year-over-year to TRY 5893.6 million and net income improving from -566.3 million to 881.1 million. This strong performance indicates that investing in D-MARKET ELEKTRONIK HIZMETLER VE TICARET ANONIM SIRKETI could prove to be a lucrative opportunity for investors. The company’s future prospects look bright and it is a worthy consideration for investors searching for opportunities in the Turkish market.
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