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Pegasus Hava Tasimaciligi Anonim Sirketi (PGSUS.IS)

TRY166.00 +0.60 (+0.36%)
TR IST Industrials Airlines, Airports & Air Services
Address Aeropark, Yenisehir Mahallesi 34912
Istanbul, TR
CEO Güliz Öztürk
Website flypgs.com
IPO 2013-04-26
ISIN TREPEGS00016

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Description

Pegasus Hava Tasimaciligi Anonim Sirketi, including its various subsidiaries, specializes in providing air transport services. The carrier operates frequent, short-to-medium-range flights, connecting cities directly or through transit points, across both its domestic and international routes. In addition to scheduled passenger travel, Pegasus extends its offerings to include charter flights, cargo logistics, and aviation simulation training. As of March 31, 2022, the company's scheduled passenger operations spanned 36 internal Turkish routes and 88 international paths reaching destinations across Europe, the CIS region, the Middle East, and Africa. This comprehensive network encompassed 124 locations across 47 different nations and was supported by a fleet of 91 aircraft. Founded in 1990, the enterprise has its primary base in Istanbul, Turkey. Pegasus Hava Tasimaciligi Anonim Sirketi functions as an affiliate of Esas Holding A.S.

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
TRY166.00 +0.60 (+0.36%)
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Volume Profile
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Liquidity & share structure
Average Volume
13M
Beta
0.01
Float Shares
226.87M
Free Float %
45.4%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.79% -4.19% -4.65% -18.20% -12.55% -6.94% -29.00% +114.97% +934.20% +5,692.21% +4,545.83%
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

Price Targets & DCF
Current price
166.00
DCF (Unlevered) 32,508.54 +19,483.5%
DCF (Levered) 34,029.67 +20,399.8%

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) 73% Bullish
Rating 2026-05 Change
Strong Buy 1 0
Buy 7 0
Hold 3 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.62
Distress
Piotroski F-Score
2 / 9
Weak
MOAT Score
2 / 10
No MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
2 / 5
Medium
ROA Score
3 / 5
Medium
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Airlines, Airports & Air Services: +6.5%
    +37.8% Q1'26: +38.9% (vs Q1'25)
  • EPS growth Airlines, Airports & Air Services: +12.5%
    -30.5% Q1'26: -194.5% (vs Q1'25)
  • FCF margin FCF growth · Airlines, Airports & Air Services: -2.8%
    +10.0% Q1'26: +6.2% (vs Q1'25)
  • EBIT margin Airlines, Airports & Air Services: +10.3%
    +11.7% Q1'26: -16.8% (vs Q1'25)
  • ROIC Airlines, Airports & Air Services: +6.0%
    +6.0% Q1'26: -7.1% (vs Q1'25)
  • Share dilution Airlines, Airports & Air Services: +0.0%
    +48.8% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Airlines, Airports & Air Services: 1.43×
    6.29× Q1'26: 339.39× (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 (0.07) × ERP
WACC = 28% × Ke + 72% × Kd (4.7%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 32,506.83 Current price: 166.00
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 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
8 Rev. Ana.
2 EPS Ana.
Dec 2027
3 Rev. Ana.
2 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
3.49B
est: 3.60B (-3.1%)
3.71B
est: 3.79B (-2.3%)
5.35B
est: 5.38B (-0.6%)
8.30B
est: 7.95B (+4.4%)
11.03B
est: 11.04B (-0.1%)
4.80B
est: 4.92B (-2.4%)
10.66B
est: 11.61B (-8.1%)
42.73B
est: 43.10B (-0.8%)
70.53B
est: 90.59B (-22.1%)
111.82B
est: 111.54B (+0.3%)
154.13B
est: 155.97B (-1.2%)
176.59B
163.12B – 189.80B
+13.2% YoY
213.32B
187.30B – 232.67B
+20.8% YoY
237.58B
213.53B – 257.41B
+11.4% YoY
EBITDA
394.11M
est: 899.71M (-56.2%)
130.57M
est: 948.33M (-86.2%)
1.04B
est: 1.34B (-22.4%)
1.31B
est: 1.99B (-34.2%)
3.36B
est: 2.76B (+22.0%)
692.84M
est: 1.23B (-43.7%)
1.98B
est: 2.90B (-31.6%)
13.12B
est: 10.77B (+21.8%)
23.04B
est: 24.39B (-5.5%)
31.94B
est: 30.03B (+6.4%)
37.09B
est: 41.99B (-11.7%)
47.54B
43.91B – 51.09B
+13.2% YoY
57.43B
50.42B – 62.63B
+20.8% YoY
63.96B
57.48B – 69.29B
+11.4% YoY
EBIT
191.20M
est: 150.00M (+27.5%)
-95.95M
est: 158.11M (-160.7%)
662.21M
est: 224.11M (+195.5%)
689.83M
est: 331.23M (+108.3%)
1.82B
est: 459.88M (+295.1%)
-1.48B
est: 205.06M (-819.4%)
-996.56M
est: 483.62M (-306.1%)
8.66B
est: 1.80B (+382.1%)
15.24B
est: 11.52B (+32.2%)
19.91B
est: 14.19B (+40.4%)
18.07B
est: 19.84B (-8.9%)
22.46B
20.75B – 24.14B
+13.2% YoY
27.13B
23.82B – 29.59B
+20.8% YoY
30.21B
27.16B – 32.74B
+11.4% YoY
Net Income
113.13M
est: 115.01M (-1.6%)
-133.73M
est: -44.14M (-202.9%)
502.25M
est: 275.27M (+82.5%)
507.38M
est: 300.41M (+68.9%)
1.33B
est: 898.24M (+48.4%)
-1.97B
est: -1.02B (-93.3%)
-1.97B
est: -1.15B (-70.8%)
7.10B
est: 3.31B (+114.7%)
20.91B
est: 20.08B (+4.1%)
13.29B
est: 12.57B (+5.7%)
13.75B
est: 15.65B (-12.1%)
15.54B
14.74B – 16.34B
-0.7% YoY
12.41B
11.82B – 13.00B
-20.1% YoY
24.63B
21.64B – 27.62B
+98.5% YoY
SGA
173.25M
est: 127.70M (+35.7%)
221.65M
est: 134.60M (+64.7%)
233.53M
est: 190.79M (+22.4%)
282.69M
est: 281.98M (+0.3%)
361.27M
est: 391.51M (-7.7%)
265.30M
est: 174.57M (+52.0%)
408.88M
est: 411.72M (-0.7%)
1.16B
est: 1.53B (-24.0%)
1.91B
est: 2.81B (-31.8%)
3.29B
est: 3.45B (-4.6%)
5.04B
est: 4.83B (+4.4%)
5.47B
5.05B – 5.88B
+13.2% YoY
6.61B
5.80B – 7.20B
+20.8% YoY
7.36B
6.61B – 7.97B
+11.4% YoY
EPS
0.23
est: 0.34 (-32.8%)
-0.27
est: -0.13 (-105.5%)
1.00
est: 0.82 (+22.0%)
1.01
est: 0.89 (+12.9%)
2.67
est: 2.67 (-0.1%)
-3.93
est: -3.03 (-29.9%)
-3.94
est: -3.44 (-14.6%)
14.20
est: 10.00 (+41.9%)
41.82
est: 40.15 (+4.2%)
39.55
est: 25.42 (+55.6%)
27.50
est: 31.66 (-13.1%)
31.08
29.48 – 32.67
-1.8% YoY
24.82
23.64 – 25.99
-20.1% YoY
49.84
43.28 – 55.24
+100.8% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 C+ 2/5 1/5 2/5 3/5 1/5 2/5 4/5
2026-05-08 B- 2/5 1/5 2/5 3/5 1/5 2/5 5/5
2026-05-07 B- 2/5 1/5 2/5 3/5 1/5 2/5 5/5
2026-05-06 B- 2/5 1/5 2/5 3/5 1/5 2/5 5/5
2026-05-05 B- 2/5 1/5 2/5 3/5 1/5 2/5 5/5
2026-05-04 B- 2/5 1/5 2/5 3/5 1/5 2/5 5/5
2026-04-30 C+ 2/5 1/5 2/5 3/5 1/5 2/5 4/5
2026-04-29 C+ 2/5 1/5 2/5 3/5 1/5 2/5 4/5
2026-04-28 C+ 2/5 1/5 2/5 3/5 1/5 2/5 4/5
2026-04-27 B- 2/5 1/5 2/5 4/5 1/5 2/5 4/5
2026-04-24 B- 2/5 1/5 2/5 4/5 1/5 2/5 4/5
2026-04-22 B- 2/5 1/5 2/5 4/5 1/5 2/5 4/5
2026-04-21 B- 2/5 1/5 2/5 4/5 1/5 2/5 4/5
2026-04-20 B- 2/5 1/5 2/5 4/5 1/5 2/5 4/5
2026-04-17 B- 2/5 1/5 2/5 4/5 1/5 2/5 4/5
2026-04-16 B- 2/5 1/5 2/5 4/5 1/5 2/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
12.82B
OE per share TTM
25.64
Owner's Yield
13.86%
Maintenance CapEx ratio
4,861.28%
Maint CapEx / Avg PPE
169.0%

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 68 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares MSCI Turkey ETF TUR 1.11% 2.26M 0.59%
2 U.S. Global Jets ETF JETS 0.45% 4.10M 0.60%
3 Cambria Global Value ETF GVAL 0.36% 1.93M 0.66%
4 JPMorgan Diversified Return Emerging Markets Equity ETF JPEM 0.11% 416.5K 0.44%
5 iShares MSCI EM Small Cap UCITS ETF IEMS.L 0.05% 179.7K 0.74%
6 iShares MSCI Emerging Markets Small-Cap ETF EEMS 0.05% 184.6K 0.72%
7 State Street SPDR MSCI Emerging Markets Small Cap UCITS ETF EMSD.L 0.04% 234.9K 0.55%
8 Avantis Emerging Markets Value ETF AVES 0.03% 504.7K 0.36%
9 Avantis Emerging Markets Equity ETF AVEM 0.02% 4.92M 0.33%
10 Dimensional - Emerging Markets High Profitability ETF DEHP 0.02% 79.4K 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
2.00M
Shares Outstanding
500.00M

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
Ahmet Bagdat Director of Marketing & E-commerce male
Ali Ismail Sabanci Executive Director male
Ali Uzun General Counsel & Group Head of Sustainability male
Barbaros Kubatoglu Chief Financial Officer male
Bogac Ugurlutegin Group Head of Ground Operations male
Dilara Ogur Chief Human Resources Officer
Ergun Demirci Chief Operations Officer
Güliz Öztürk President, GM & Chief Executive Officer female
Mehmet Tevfik Nane Executive Chairman of the Board male
Omer Lutfu Omerbas Group Head of Investment Relations & Investor Relations male
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