Español 
Deutsch 
Français 
MSCI World Index (MSC)
NASDAQ Composite (NASDAQ)
FTSE China A50 Index (FGI)
STOXX Europe 600 (SIX)
Nikkei 300 (OSA)
NIFTY 50 (NSE)
DAX Performance Index (XETRA)
FTSE 100 (FGI)
CAC 40 (EURONEXT)
Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi (AEFES.IS)
TRY20.02
-0.06 (-0.30%)
TR IST Consumer Defensive Beverages - Alcoholic
Address
Fatih Sultan Mehmet Mahallesi 34771
Istanbul, TR
Istanbul, TR
CEO
Onur Alturk
Website
anadoluefes.com
IPO
2000-05-10
ISIN TRAAEFES91A9
Also trades on
Istanbul Stock Exchange · AEFES.IS (TRY)
Other OTC · AEBZY (USD)
Description
Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi, together with its affiliates, is a major player in the global market, specializing in the manufacturing, packaging, distribution, and commercialization of beer, malt, and a wide variety of non-alcoholic beverages, both within Turkey and internationally. Its operations are structured into two key divisions: the Beer Group and the Soft Drinks segment. The company's extensive non-alcoholic portfolio encompasses the production, bottling, distribution, and sale of sparkling and still beverages, fruit juice concentrates, purees, fresh fruit, and carbonated soft drinks, many of which fall under the Coca-Cola Company trademark, alongside the filling of spring water. Additionally, Anadolu Efes is involved in the licensing of intellectual property and associated products. The firm was founded in 1966 and is based in Istanbul, Turkey.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
Loading outlook…
Loading forecast...
Signal Summary
Loading…
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
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
Loading risk profile…
Price Chart
TRY20.02
-0.06 (-0.30%)
Loading historical data…
Volume Profile
Loading…
Liquidity & share structure
Average Volume
43M
Beta
0.51
Float Shares
1.95B
Free Float %
33.0%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -2.26% | +2.57% | +7.36% | -3.72% | +44.39% | +31.89% | +23.85% | -72.86% | -17.71% | +9.28% | +6,962,499.55% |
Rolling Volatility
Loading…
Drawdown
Loading…
Relative Strength
Loading…
Monthly Returns Heatmap
From
To
Loading…
Annual Monthly Returns
Loading…
Daily Returns Distribution
Loading histogram data…
Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
20.02
DCF (Unlevered)
453.27
+2,164.1%
DCF (Levered)
266.87
+1,233.0%
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)
71% Bullish
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 1 | 0 |
| Buy | 4 | -1 |
| Hold | 2 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
1.68
Distress
Piotroski F-Score
6 / 9
Average
MOAT Score
4 / 10
Developing
Composite Rating
A
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
3 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
2 / 5
Medium
P/E Score
4 / 5
High
P/Book Score
5 / 5
High
Operational MOAT
✗ Below peers
-
Revenue growth Beverages - Alcoholic: +1.2%+5.4% ★ Q1'26: +40.8% (vs Q1'25)
-
EPS growth Beverages - Alcoholic: +10.7%-32.0% Q1'26: -88.3% (vs Q1'25)
-
FCF margin FCF growth · Beverages - Alcoholic: -4.0%-1.3% Q1'26: -10.1% (vs Q1'25)
-
EBIT margin Beverages - Alcoholic: +13.7%+10.8% Q1'26: +6.9% (vs Q1'25)
-
ROIC Beverages - Alcoholic: +6.8%+6.5% Q1'26: +3.7% (vs Q1'25)
-
Share dilution Beverages - Alcoholic: +0.0%+900.0% Q1'26: +900.0% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Beverages - Alcoholic: -0.12×2.36× Q1'26: 2.99× (vs Q1'25)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
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.
Consensus Estimates
| Metric |
Dec 2015 actual |
Dec 2016 actual |
Dec 2017 actual |
Dec 2018 actual |
Dec 2019 actual |
Dec 2020 actual |
Dec 2021 actual |
Dec 2022 actual |
Dec 2023 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 5 Rev. Ana. 1 EPS Ana. |
Dec 2027 5 Rev. Ana. 1 EPS Ana. |
Dec 2028 2 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
10.21B
est: 10.54B (-3.2%)
|
10.42B
est: 10.53B (-1.1%)
|
12.95B
est: 12.66B (+2.2%)
|
18.69B
est: 18.42B (+1.5%)
|
23.31B
est: 23.27B (+0.2%)
|
26.74B
est: 26.65B (+0.4%)
|
39.30B
est: 40.14B (-2.1%)
|
90.50B
est: 83.47B (+8.4%)
|
159.88B
est: 158.96B (+0.6%)
|
231.35B
est: 223.02B (+3.7%)
|
243.85B
est: 241.04B (+1.2%)
|
319.54B
308.34B – 331.10B
+32.6% YoY
|
384.43B
321.75B – 444.32B
+20.3% YoY
|
485.21B
478.24B – 492.17B
+26.2% YoY
|
| EBITDA |
1.72B
est: 3.12B (-44.9%)
|
1.73B
est: 3.12B (-44.6%)
|
1.73B
est: 3.75B (-53.7%)
|
2.56B
est: 5.45B (-53.1%)
|
4.51B
est: 6.88B (-34.5%)
|
5.11B
est: 7.88B (-35.2%)
|
7.29B
est: 11.87B (-38.6%)
|
44.01B
est: 24.69B (+78.2%)
|
57.39B
est: 46.08B (+24.5%)
|
59.52B
est: 64.65B (-7.9%)
|
39.36B
est: 69.88B (-43.7%)
|
92.64B
89.39B – 95.99B
+32.6% YoY
|
111.45B
93.28B – 128.81B
+20.3% YoY
|
140.66B
138.65B – 142.68B
+26.2% YoY
|
| EBIT |
121.14M
est: 2.38B (-94.9%)
|
264.57M
est: 2.38B (-88.9%)
|
805.16M
est: 2.86B (-71.8%)
|
931.87M
est: 4.15B (-77.6%)
|
2.77B
est: 5.25B (-47.2%)
|
3.04B
est: 6.01B (-49.4%)
|
4.89B
est: 9.05B (-45.9%)
|
35.28B
est: 18.83B (+87.4%)
|
49.82B
est: 35.65B (+39.7%)
|
48.07B
est: 50.02B (-3.9%)
|
26.21B
est: 54.06B (-51.5%)
|
71.67B
69.16B – 74.27B
+32.6% YoY
|
86.23B
72.17B – 99.66B
+20.3% YoY
|
108.83B
107.27B – 110.39B
+26.2% YoY
|
| Net Income |
-197.76M
est: 77.36M (-355.6%)
|
-70.80M
est: 35.06M (-301.9%)
|
149.42M
est: 32.59M (+358.6%)
|
96.88M
est: 27.15M (+256.9%)
|
1.02B
est: 89.89M (+1,036.4%)
|
1.46B
est: 88.48M (+1,546.6%)
|
2.37B
est: 117.49M (+1,914.8%)
|
6.04B
est: 366.60M (+1,547.9%)
|
22.13B
est: 202.02B (-89.0%)
|
13.12B
est: 15.80B (-17.0%)
|
8.96B
est: 12.10B (-26.0%)
|
13.49B
11.95B – 15.69B
+11.5% YoY
|
18.33B
16.40B – 19.64B
+35.9% YoY
|
23.20B
18.08B – 23.73B
+26.6% YoY
|
| SGA |
1.80B
est: 1.80B (-0.4%)
|
1.81B
est: 1.80B (+0.6%)
|
2.28B
est: 2.17B (+5.4%)
|
3.34B
est: 3.15B (+5.9%)
|
4.24B
est: 3.98B (+6.5%)
|
4.35B
est: 4.56B (-4.7%)
|
6.14B
est: 6.87B (-10.6%)
|
13.07B
est: 14.28B (-8.5%)
|
35.46B
est: 29.67B (+19.5%)
|
39.41B
est: 41.63B (-5.3%)
|
58.66B
est: 44.99B (+30.4%)
|
59.65B
57.56B – 61.80B
+32.6% YoY
|
71.76B
60.06B – 82.94B
+20.3% YoY
|
90.57B
89.27B – 91.87B
+26.2% YoY
|
| EPS |
-0.33
est: 0.13 (-352.6%)
|
-0.12
est: 0.06 (-302.7%)
|
0.25
est: 0.06 (+354.3%)
|
0.16
est: 0.05 (+249.0%)
|
1.75
est: 0.15 (+1,052.8%)
|
2.46
est: 0.15 (+1,546.3%)
|
4.00
est: 0.20 (+1,915.8%)
|
10.20
est: 0.62 (+1,547.4%)
|
37.37
est: 34.20 (+9.3%)
|
2.22
est: 2.67 (-17.0%)
|
1.51
est: 2.04 (-26.1%)
|
2.34
2.02 – 2.65
+14.5% YoY
|
3.04
2.77 – 3.32
+30.1% YoY
|
3.54
3.05 – 4.01
+16.3% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-07 | A | 4/5 | 5/5 | 3/5 | 3/5 | 2/5 | 4/5 | 5/5 |
| 2026-05-06 | A- | 4/5 | 5/5 | 3/5 | 3/5 | 1/5 | 4/5 | 5/5 |
| 2026-05-05 | A- | 4/5 | 5/5 | 3/5 | 3/5 | 1/5 | 4/5 | 5/5 |
| 2026-05-04 | A- | 4/5 | 5/5 | 3/5 | 3/5 | 1/5 | 4/5 | 5/5 |
| 2026-04-30 | A- | 4/5 | 5/5 | 3/5 | 3/5 | 1/5 | 4/5 | 4/5 |
| 2026-04-29 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 1/5 | 4/5 | 4/5 |
| 2026-04-28 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 1/5 | 4/5 | 4/5 |
| 2026-04-27 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 1/5 | 4/5 | 4/5 |
| 2026-04-24 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 1/5 | 4/5 | 4/5 |
| 2026-04-22 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 1/5 | 4/5 | 4/5 |
| 2026-04-21 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 1/5 | 4/5 | 4/5 |
| 2026-04-20 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 1/5 | 4/5 | 4/5 |
| 2026-04-17 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 1/5 | 4/5 | 4/5 |
| 2026-04-16 | A- | 4/5 | 5/5 | 3/5 | 4/5 | 1/5 | 4/5 | 4/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
24.53B
OE per share TTM
4.14
Owner's Yield
20.17%
Maintenance CapEx ratio
220.09%
Maint CapEx / Avg PPE
42.2%
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
Held by 65 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | iShares MSCI Turkey ETF TUR | 1.24% | 2.54M | 0.59% |
| 2 | VictoryShares Emerging Markets Value Momentum ETF UEVM | 0.38% | 931.3K | 0.53% |
| 3 | JPMorgan Diversified Return Emerging Markets Equity ETF JPEM | 0.12% | 460.0K | 0.44% |
| 4 | iShares Emerging Markets Equity Factor ETF EMGF | 0.08% | 1.43M | 0.26% |
| 5 | State Street SPDR MSCI Emerging Markets Small Cap UCITS ETF EMSD.L | 0.07% | 392.8K | 0.55% |
| 6 | iShares MSCI Emerging Markets Small-Cap ETF EEMS | 0.05% | 192.6K | 0.72% |
| 7 | iShares MSCI EM Small Cap UCITS ETF IEMS.L | 0.05% | 175.0K | 0.74% |
| 8 | Dimensional - Emerging Markets Value ETF DFEV | 0.02% | 335.0K | 0.46% |
| 9 | iShares Global Equity Factor ETF GLOF | 0.02% | 35.1K | 0.20% |
| 10 | Dimensional Emerging Markets Sustainability Core 1 ETF DFSE | 0.01% | 71.7K | 0.44% |
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
1.32M
Shares Outstanding
5.92B
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
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Ahmet Kursad Ertin | Chief Operating Officer | — | male |
| Banu Artüz | Chief Human Resources Officer | — | female |
| Cicek Usakligil Ozgunes | Chief Financial Officer of soft drink group | — | female |
| Dmitry Prokhorov | Chief Technical Operations Officer | — | male |
| Ebru Aktan | Chief Information & Digital Technology Officer | — | female |
| Huma Muhaddisoglu | Chief Legal Affairs Officer | — | female |
| Karim Yahi | Chief Executive Officer of Soft Drink Group | — | male |
| Onur Alturk | Chief Executive Officer | — | male |
| Ozlem Safkan | Chief Marketing Officer | — | female |
| R. Asli Kilic Demirel | Investor Relations & Risk Management Director | — | female |
| Savas Ozturk | Chief Logistics, Procurement & Planning Officer | — | male |
| Selda Susal Saatci | Chief Corporate Communications & Relations 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
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for AEFES.IS
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
