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D-Market Elektronik Hizmetler ve Ticaret A.S. (8WZ.F)

EUR2.42 -0.14 (-5.47%)
TR FSX Consumer Cyclical Specialty Retail
Address Kustepe Mahallesi Mecidiyekoy 34387
Istanbul, TR
CEO Nilhan Gokcetekin
IPO 2021-07-22
ISIN US23292B1044

Explore sections of this company profile

Also trades on Frankfurt Stock Exchange · 8WZ.F (EUR) NASDAQ Global Select · HEPS (USD)
Description

D-Market Elektronik Hizmetler ve Ticaret A.S. is a Turkish enterprise that manages various e-commerce platforms. Its primary online retail channel, www.hepsiburada.com, offers customers an extensive selection of merchandise, ranging from electronics to a wide array of non-electronic goods like literature, sporting equipment, toys, children's and infant products, beauty items, and household furnishings. The company also provides a suite of specialized services: HepsiExpress facilitates in-app, on-demand deliveries of essentials such as groceries, water, and flowers; HepsiJet specializes in last-mile delivery solutions; and HepsiLojistik handles storage and order fulfillment. For customer convenience, HepsiMat operates as a network of pick-up and drop-off points. Additionally, D-Market offers HepsiAd for advertising services and data analysis, HepsiGlobal for discovering and purchasing goods from international vendors, Hepsipay for digital money and payment processing, and HepsiFly for online airline ticket reservations. Established in 2000, the company maintains its headquarters in Istanbul, Turkey.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
EUR2.42 -0.14 (-5.47%)
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Volume Profile
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Liquidity & share structure
Average Volume
31
Beta
2.10
Float Shares
275.54M
Free Float %
85.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+2.54% +11.01% -0.82% +4.31% +24.74% +12.04% -0.82% +164.48% -77.86% -77.86% -77.86%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Analyst Consensus (5 ratings, all time) Hold
Price Targets & DCF
Current price
2.42
DCF (Unlevered) 0.80 -66.8%
DCF (Levered) 3.45 +42.7%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2024-11 Change
Strong Buy 1 0
Buy 2 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.84
Grey zone
Piotroski F-Score
3 / 9
Average
MOAT Score
2 / 10
No MOAT
Composite Rating
C-
Overall Score
1 / 5
Low
DCF Score
4 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Specialty Retail: +6.4%
    +61.2% Q1'26: +60.8% (vs Q1'25)
  • EPS growth Specialty Retail: +20.6%
    -293.0% Q1'26: -145.5% (vs Q1'25)
  • FCF margin FCF growth · Specialty Retail: +29.3%
    -12.4% Q1'26: -4.8% (vs Q1'25)
  • EBIT margin Specialty Retail: +5.4%
    -2.4% Q1'26: +8.9% (vs Q1'25)
  • ROIC Specialty Retail: +6.5%
    Q1'26: -129.6% (vs Q1'25)
  • Share dilution Specialty Retail: +0.1%
    -1.1% Q1'26: +13.8% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Specialty Retail: 0.14×
    1.96× Q1'26: 0.19× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (2.12) × ERP
WACC = 94% × Ke + 6% × Kd (537.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 0.78 Current price: 2.42
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
3 Rev. Ana.
1 EPS Ana.
Dec 2027
3 Rev. Ana.
1 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
7.56B
est: 6.70B (+12.8%)
16.07B
est: 13.36B (+20.2%)
35.56B
est: 26.67B (+33.3%)
57.05B
est: 49.23B (+15.9%)
91.98B
est: 82.48B (+11.5%)
115.65B
107.18B – 127.73B
+40.2% YoY
153.79B
131.47B – 191.05B
+33.0% YoY
196.56B
174.21B – 232.32B
+27.8% YoY
EBITDA
-2.11B
est: -666.28M (-217.3%)
-3.39B
est: -1.33B (-154.8%)
-658.07M
est: -2.65B (+75.2%)
3.31B
est: -4.31B (+176.8%)
1.24B
est: -7.22B (+117.2%)
-10.12B
-11.17B – -9.38B
-40.2% YoY
-13.45B
-16.71B – -11.50B
-33.0% YoY
-17.19B
-20.32B – -15.24B
-27.8% YoY
EBIT
-2.75B
est: -1.03B (-168.4%)
-4.23B
est: -2.04B (-106.9%)
2.10B
est: -4.08B (+151.4%)
1.26B
est: -6.85B (+118.4%)
-2.21B
est: -11.47B (+80.8%)
-16.08B
-17.76B – -14.90B
-40.2% YoY
-21.39B
-26.57B – -18.28B
-33.0% YoY
-27.33B
-32.31B – -24.22B
-27.8% YoY
Net Income
-3.33B
est: -1.86B (-79.4%)
-2.91B
est: -1.09B (-166.5%)
75.53M
est: 852.10M (-91.1%)
-1.60B
est: -196.43M (-717.0%)
-6.19B
est: -4.63B (-33.7%)
-5.89B
-7.28B – -5.02B
-27.1% YoY
-4.76B
-5.89B – -4.06B
+19.2% YoY
-2.29B
-2.84B – -1.95B
+51.8% YoY
SGA
2.36B
est: 1.56B (+50.8%)
3.57B
est: 3.12B (+14.6%)
5.79B
est: 6.22B (-6.9%)
17.50B
est: 12.72B (+37.6%)
26.46B
est: 21.31B (+24.2%)
29.87B
27.69B – 32.99B
+40.2% YoY
39.73B
33.96B – 49.35B
+33.0% YoY
50.77B
45.00B – 60.01B
+27.8% YoY
EPS
-10.93
est: -5.80 (-88.5%)
-8.92
est: -3.41 (-161.9%)
0.23
est: 2.66 (-91.4%)
-5.01
est: -0.62 (-707.5%)
-19.69
est: -14.63 (-34.6%)
-18.60
-23.00 – -15.85
-27.1% YoY
-15.03
-18.59 – -12.81
+19.2% YoY
-7.25
-8.96 – -6.17
+51.8% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-21 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-20 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-19 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-18 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-15 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-14 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-13 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-12 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 C- 1/5 4/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
4.10B
OE per share TTM
13.14
Owner's Yield
549.58%
Maintenance CapEx ratio
Maint CapEx / Avg PPE
3.6%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock

This company is not held by any ETF in our universe.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
-589.3K
Shares Outstanding
321.38M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Alexey Shevenkov Chief Technology Officer male
Ceren Tuzcu Seyhunlu Investor Relations Director female
Ender Ozgun Chief Commercial Officer male
Gunes Akman Ozcan General Counsel & Corporate Secretary female
Hakan Karadogan Chief Executive Officer of Logistics male
Mehmet Seckin Koseoglu Chief Financial Officer male
Nilhan Gokcetekin Chief Executive Officer female
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits