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TAV Havalimanlari Holding A.S. (TAVHL.IS)
Istanbul, TR
TAV Havalimanlari Holding A.S. (TAV), through its subsidiaries, engages in the construction, management, and operation of airport terminals and complete airport facilities across a wide international footprint. Its operations extend to countries including Turkey, Kazakhstan, Georgia, Macedonia, Latvia, Tunisia, Saudi Arabia, Oman, and Spain. The company organizes its diverse activities into several main segments: Terminal Operations, Catering Operations, Duty Free Operations, Ground Handling and Bus Operations, and an 'Other' segment. The Terminal Operations division is responsible for managing terminal buildings, car parks, and general aviation terminals. This segment also oversees ground handling services and the functioning of parking aprons and taxiways. Catering Operations focuses on providing food and beverage services for both passengers and airport personnel within the terminals. The Duty Free Operations segment is dedicated to the sale of tax-free merchandise to international travelers arriving and departing. Ground Handling and Bus Operations offers a full spectrum of ground support services for domestic and international flights, encompassing traffic management, ramp assistance, flight operations, cargo handling, and various other essential services, alongside managing bus transport. The 'Other' segment includes a range of supplementary services such as lounge access, IT support, security training, airline taxi services, and the provision of software and system solutions. Originally founded in 1997 as Tepe Akfen Vie Yatirim Yapim ve Isletme A.S., the company was rebranded as TAV Havalimanlari Holding A.S. in August 2006. TAV is headquartered in Istanbul, Turkey.
No mergers or acquisitions recorded for this company.
| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -2.80% | -2.71% | -9.61% | -18.53% | -9.44% | -15.59% | +16.17% | +224.21% | +949.83% | +1,562.81% | +3,010.41% |
Revenue flow
Revenue by geography
Revenue by segment
Revenue composition
By product
By geography
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
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.
| Rating | 2026-05 | Change |
|---|---|---|
| Strong Buy | 2 | 0 |
| Buy | 10 | 0 |
| Hold | 0 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
-
Revenue growth Airlines, Airports & Air Services: +6.5%-5.5% Q1'26: -4.7% (vs Q1'25)
-
EPS growth Airlines, Airports & Air Services: +12.5%-70.0% Q1'26: -23.1% (vs Q1'25)
-
FCF margin FCF growth · Airlines, Airports & Air Services: -2.8%+2.8% Q1'26: -35.5% (vs Q1'25)
-
EBIT margin Airlines, Airports & Air Services: +10.3%+20.2% ★ Q1'26: +1.1% (vs Q1'25)
-
ROIC Airlines, Airports & Air Services: +6.0%+6.6% ★ Q1'26: +0.5% (vs Q1'25)
-
Share dilution Airlines, Airports & Air Services: +0.0%+0.0% Q1'26: +0.0% (vs Q1'25)
-
Debt / EBITDA Net debt/EBITDA · Airlines, Airports & Air Services: 1.43×3.87× Q1'26: 10.91× (vs Q1'25)
* 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.
| 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. 3 EPS Ana. |
Dec 2027 6 Rev. Ana. 3 EPS Ana. |
Dec 2028 3 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
1.00B
est: 1.06B (-5.0%)
|
1.03B
est: 968.82M (+6.7%)
|
1.14B
est: 1.07B (+6.0%)
|
1.10B
est: 1.45B (-23.9%)
|
713.59M
est: 812.80M (-12.2%)
|
301.41M
est: 282.12M (+6.8%)
|
522.06M
est: 480.12M (+8.7%)
|
1.05B
est: 990.60M (+6.1%)
|
1.31B
est: 1.33B (-1.2%)
|
1.66B
est: 1.59B (+4.4%)
|
1.57B
est: 1.80B (-13.1%)
|
2.04B
1.97B – 2.11B
+12.9% YoY
|
2.30B
2.16B – 2.62B
+13.1% YoY
|
2.55B
2.43B – 2.77B
+10.7% YoY
|
| EBITDA |
470.75M
est: 336.12M (+40.1%)
|
427.01M
est: 308.63M (+38.4%)
|
507.99M
est: 342.11M (+48.5%)
|
300.48M
est: 460.99M (-34.8%)
|
361.64M
est: 258.92M (+39.7%)
|
-39.50M
est: 89.87M (-143.9%)
|
283.59M
est: 152.95M (+85.4%)
|
379.05M
est: 315.56M (+20.1%)
|
588.44M
est: 539.92M (+9.0%)
|
615.52M
est: 647.69M (-5.0%)
|
489.59M
est: 734.86M (-33.4%)
|
829.33M
801.18M – 857.90M
+12.9% YoY
|
937.78M
880.50M – 1.07B
+13.1% YoY
|
1.04B
988.27M – 1.13B
+10.7% YoY
|
| EBIT |
385.44M
est: 170.42M (+126.2%)
|
335.50M
est: 156.48M (+114.4%)
|
308.86M
est: 173.46M (+78.1%)
|
199.12M
est: 233.74M (-14.8%)
|
223.65M
est: 131.28M (+70.4%)
|
-172.32M
est: 45.57M (-478.2%)
|
207.35M
est: 77.55M (+167.4%)
|
283.48M
est: 160.00M (+77.2%)
|
450.77M
est: 387.10M (+16.4%)
|
409.85M
est: 464.37M (-11.7%)
|
316.59M
est: 526.87M (-39.9%)
|
594.60M
574.42M – 615.09M
+12.9% YoY
|
672.36M
631.29M – 763.61M
+13.1% YoY
|
744.51M
708.56M – 810.01M
+10.7% YoY
|
| Net Income |
200.33M
est: 214.98M (-6.8%)
|
119.67M
est: 119.71M (0.0%)
|
185.30M
est: 193.81M (-4.4%)
|
250.71M
est: 296.40M (-15.4%)
|
76.98M
est: 235.34M (-67.3%)
|
-278.14M
est: -199.37M (-39.5%)
|
44.72M
est: 41.16M (+8.6%)
|
122.20M
est: 106.60M (+14.6%)
|
230.88M
est: 289.37M (-20.2%)
|
182.99M
est: 197.38M (-7.3%)
|
54.37M
est: 61.42M (-11.5%)
|
113.73M
84.56M – 142.91M
+85.2% YoY
|
236.32M
196.55M – 276.10M
+107.8% YoY
|
368.35M
336.55M – 400.16M
+55.9% YoY
|
| SGA |
26.23M
est: 45.30M (-42.1%)
|
34.26M
est: 41.60M (-17.6%)
|
28.15M
est: 46.11M (-38.9%)
|
85.90M
est: 62.13M (+38.2%)
|
74.19M
est: 34.90M (+112.6%)
|
21.93M
est: 12.11M (+81.1%)
|
23.76M
est: 20.61M (+15.2%)
|
42.01M
est: 42.53M (-1.2%)
|
39.61M
est: 82.39M (-51.9%)
|
43.51M
est: 98.83M (-56.0%)
|
264.64M
est: 112.13M (+136.0%)
|
126.55M
122.25M – 130.91M
+12.9% YoY
|
143.10M
134.35M – 162.52M
+13.1% YoY
|
158.45M
150.80M – 172.39M
+10.7% YoY
|
| EPS |
0.58
est: 0.59 (-2.0%)
|
0.35
est: 0.33 (+6.2%)
|
0.43
est: 0.53 (-19.4%)
|
0.69
est: 0.82 (-15.4%)
|
0.21
est: 0.65 (-67.6%)
|
-0.77
est: -0.55 (-40.3%)
|
0.13
est: 0.11 (+14.7%)
|
0.34
est: 0.29 (+15.9%)
|
0.69
est: 0.80 (-13.4%)
|
0.50
est: 0.53 (-5.6%)
|
0.15
est: 0.19 (-20.4%)
|
0.32
0.23 – 0.39
+70.4% YoY
|
0.68
0.54 – 0.76
+111.8% YoY
|
0.99
0.93 – 1.10
+45.4% YoY
|
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-26 | B- | 3/5 | 4/5 | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 |
| 2026-05-25 | B- | 3/5 | 4/5 | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 |
| 2026-05-22 | B | 3/5 | 5/5 | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 |
| 2026-05-21 | B | 3/5 | 5/5 | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 |
| 2026-05-20 | B | 3/5 | 5/5 | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 |
| 2026-05-18 | B | 3/5 | 5/5 | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 |
| 2026-05-15 | B | 3/5 | 5/5 | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 |
| 2026-05-14 | B | 3/5 | 5/5 | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 |
| 2026-05-13 | B | 3/5 | 5/5 | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 |
| 2026-05-12 | B | 3/5 | 5/5 | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 |
| 2026-05-11 | B | 3/5 | 5/5 | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 |
| 2026-05-08 | B | 3/5 | 5/5 | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 |
| 2026-05-07 | B | 3/5 | 5/5 | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 |
| 2026-05-06 | B | 3/5 | 5/5 | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 |
| 2026-05-05 | B | 3/5 | 5/5 | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 |
| 2026-05-04 | B | 3/5 | 5/5 | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-30 | B | 3/5 | 5/5 | 2/5 | 3/5 | 1/5 | 1/5 | 4/5 |
| 2026-04-29 | B+ | 3/5 | 5/5 | 2/5 | 4/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-28 | B+ | 3/5 | 5/5 | 2/5 | 4/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-27 | B+ | 3/5 | 5/5 | 2/5 | 4/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-24 | B+ | 3/5 | 5/5 | 2/5 | 4/5 | 1/5 | 2/5 | 4/5 |
| 2026-04-22 | B | 3/5 | 4/5 | 2/5 | 4/5 | 1/5 | 2/5 | 3/5 |
| 2026-04-21 | B | 3/5 | 4/5 | 2/5 | 4/5 | 1/5 | 2/5 | 3/5 |
| 2026-04-20 | B | 3/5 | 4/5 | 2/5 | 4/5 | 1/5 | 2/5 | 3/5 |
| 2026-04-17 | B | 3/5 | 4/5 | 2/5 | 4/5 | 1/5 | 2/5 | 3/5 |
| 2026-04-16 | B | 3/5 | 4/5 | 2/5 | 4/5 | 1/5 | 2/5 | 3/5 |
| 2026-04-15 | B | 3/5 | 4/5 | 2/5 | 4/5 | 1/5 | 2/5 | 3/5 |
Owner Earnings
Ownership Overview
Ownership breakdown not available.
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional history not available.
Top holders not available.
Insider Activity
No insider activity available.
Insider history not available.
No recent insider transactions.
Executive team
Executive compensation
Executive compensation not available.
No CEO compensation history available.
Proxy statements
No proxy statements available for this company yet.
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Aude Ferrand | CCO & GM of TVA Operation service | — | female |
| Bengi Vargul | Corporate Communication Director | — | female |
| Ceyda Akbal | General Counsel | — | female |
| Franck Mereyde | Executive Director | — | male |
| Karim Ben Salem | Chief Financial Officer | — | male |
| Mehmet Kerem Ozturk | Chief Information Officer & GM of TAV Technologies | — | male |
| Melis Tunaveli | Chief Human Resources Officer | — | female |
| Nazim Yaprak | Treasury Director | — | male |
| S. Mete Erna | Chief Operating Officer | — | male |
| Vehbi Serkan Kaptan | Chief Executive Officer | — | male |
No data available for this company.
No Senate trading activity found for this company.
No House trading activity found for this company.
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Community Opinion for TAVHL.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.
