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Turkcell Iletisim Hizmetleri A.S. (TCELL.IS)

TRY109.90 +0.90 (+0.83%)
TR IST Communication Services Telecommunications Services
Address Turkcell Küçükyali Plaza 34854
Istanbul, TR
CEO Ali Taha Koc
IPO 2000-07-12
ISIN TRATCELL91M1

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Also trades on Istanbul Stock Exchange · TCELL.IS (TRY) New York Stock Exchange · TKC (USD)
Description

Turkcell Iletisim Hizmetleri A.S. is a prominent provider of diverse digital services, operating across multiple international markets including Turkey, Ukraine, Belarus, Northern Cyprus, Germany, and the Netherlands. Its operations are structured into three main segments: Turkcell Turkey, Turkcell International, and Techfin. For businesses, Turkcell delivers essential communication solutions, such as mobile and fixed-line internet, business telephony, and customer loyalty schemes. It also extends its digital business portfolio with offerings like uninterrupted network access, robust cybersecurity, data center management, Internet of Things (IoT) applications, big data analytics, e-transformation tools, advanced technologies, managed services, and cloud-based solutions. Beyond services, Turkcell supplies a range of devices, hardware, software, and comprehensive financing options. On the consumer front, its digital service suite includes search functionalities, billing and top-up services, alongside a rich array of information, entertainment, and general application offerings. Key proprietary platforms encompass TV+ for on-demand television and series, fizy as a digital music service, Magazine Holder for digital publications, and the Yaani mobile browser. Its application ecosystem features BiP, a versatile communication app; Goals Pocket for sports news and video highlights; and Digital Operator, designed for managing transactions and technology purchases. Residential customers can also access Turkcell's home internet and television services. Established in 1993, Turkcell Iletisim Hizmetleri A.S. 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
TRY109.90 +0.90 (+0.83%)
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Volume Profile
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Liquidity & share structure
Average Volume
21M
Beta
0.68
Float Shares
1.07B
Free Float %
48.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.87% -3.47% -1.47% -9.02% +19.25% +22.45% +19.06% +266.80% +627.97% +961.45% +2,018.96%
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 (11 ratings, all time) Buy
Price Targets & DCF
Current price
109.90
DCF (Unlevered) 1,308.83 +1,090.9%
DCF (Levered) 1,457.29 +1,226.0%

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) 100% Bullish
Rating 2026-05 Change
Strong Buy 2 0
Buy 9 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.20
Grey zone
Piotroski F-Score
5 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
4 / 5
High
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
3 / 5
Medium
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Telecommunications Services: +7.0%
    +44.9% Q1'26: +42.6% (vs Q1'25)
  • EPS growth Telecommunications Services: +15.8%
    +21.2% Q1'26: +51.1% (vs Q1'25)
  • FCF margin FCF growth · Telecommunications Services: +29.4%
    -4.1% Q1'26: +29.2% (vs Q1'25)
  • EBIT margin Telecommunications Services: +14.7%
    +16.6% Q1'26: +15.3% (vs Q1'25)
  • ROIC Telecommunications Services: +6.4%
    +7.7% Q1'26: +8.1% (vs Q1'25)
  • Share dilution Telecommunications Services: +0.0%
    -1.2% Q1'26: -0.5% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Telecommunications Services: 1.26×
    1.55× Q1'26: 1.40× (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 (0.79) × ERP
WACC = 62% × Ke + 38% × Kd (31.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 1,301.29 Current price: 109.90
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
4 Rev. Ana.
1 EPS Ana.
Dec 2027
7 Rev. Ana.
3 EPS Ana.
Dec 2028
4 Rev. Ana.
5 EPS Ana.
Revenue
12.77B
est: 12.83B (-0.5%)
14.29B
est: 13.98B (+2.2%)
17.63B
est: 17.50B (+0.7%)
21.29B
est: 21.20B (+0.4%)
25.14B
est: 24.93B (+0.8%)
29.10B
est: 28.68B (+1.5%)
35.92B
est: 34.73B (+3.4%)
53.88B
est: 51.31B (+5.0%)
107.12B
est: 110.53B (-3.1%)
166.67B
est: 163.38B (+2.0%)
241.47B
est: 238.43B (+1.3%)
313.92B
298.15B – 324.50B
+31.7% YoY
382.35B
334.53B – 405.79B
+21.8% YoY
473.37B
470.31B – 476.42B
+23.8% YoY
EBITDA
4.16B
est: 6.34B (-34.3%)
4.59B
est: 6.91B (-33.6%)
5.80B
est: 8.65B (-33.0%)
9.59B
est: 10.48B (-8.5%)
9.48B
est: 12.32B (-23.1%)
11.66B
est: 14.17B (-17.7%)
13.03B
est: 17.17B (-24.1%)
43.86B
est: 25.36B (+72.9%)
45.19B
est: 55.15B (-18.1%)
78.73B
est: 81.52B (-3.4%)
102.35B
est: 118.97B (-14.0%)
156.63B
148.76B – 161.91B
+31.7% YoY
190.78B
166.92B – 202.47B
+21.8% YoY
236.19B
234.66B – 237.72B
+23.8% YoY
EBIT
2.50B
est: 2.08B (+19.9%)
2.45B
est: 2.27B (+7.9%)
3.25B
est: 2.84B (+14.3%)
3.22B
est: 3.44B (-6.3%)
4.16B
est: 4.05B (+2.9%)
5.71B
est: 4.65B (+22.6%)
5.78B
est: 5.64B (+2.5%)
8.57B
est: 8.33B (+2.9%)
10.70B
est: 17.27B (-38.1%)
31.21B
est: 25.53B (+22.2%)
40.09B
est: 37.26B (+7.6%)
49.06B
46.60B – 50.71B
+31.7% YoY
59.76B
52.28B – 63.42B
+21.8% YoY
73.98B
73.50B – 74.46B
+23.8% YoY
Net Income
2.07B
est: 2.01B (+2.8%)
1.49B
est: 1.66B (-10.4%)
1.98B
est: 2.36B (-16.0%)
2.02B
est: 2.39B (-15.3%)
2.50B
est: 3.03B (-17.2%)
4.50B
est: 4.04B (+11.3%)
4.33B
est: 4.61B (-6.1%)
11.05B
est: 7.01B (+57.8%)
12.55B
est: 17.61B (-28.7%)
14.70B
est: 24.36B (-39.7%)
17.60B
est: 18.39B (-4.3%)
22.75B
21.55B – 26.01B
+23.7% YoY
37.22B
35.12B – 42.38B
+63.6% YoY
53.03B
37.57B – 63.98B
+42.5% YoY
SGA
2.53B
est: 1.06B (+137.3%)
2.40B
est: 1.16B (+106.9%)
2.59B
est: 1.45B (+78.3%)
2.27B
est: 1.76B (+29.2%)
2.31B
est: 2.07B (+11.6%)
2.10B
est: 2.38B (-11.7%)
2.67B
est: 2.88B (-7.4%)
4.17B
est: 4.26B (-2.0%)
9.04B
est: 10.16B (-11.0%)
17.76B
est: 15.02B (+18.2%)
28.26B
est: 21.92B (+28.9%)
28.86B
27.41B – 29.84B
+31.7% YoY
35.16B
30.76B – 37.31B
+21.8% YoY
43.53B
43.25B – 43.81B
+23.8% YoY
EPS
0.94
est: 0.92 (+1.9%)
0.68
est: 0.76 (-10.9%)
0.90
est: 1.08 (-16.7%)
0.93
est: 1.09 (-15.0%)
1.15
est: 1.39 (-17.1%)
1.94
est: 1.85 (+4.6%)
1.98
est: 2.11 (-6.3%)
5.06
est: 3.27 (+54.8%)
5.75
est: 8.07 (-28.7%)
6.74
est: 11.63 (-42.0%)
8.17
est: 8.77 (-6.8%)
11.35
10.00 – 12.07
+29.4% YoY
18.49
16.30 – 19.67
+63.0% YoY
24.11
17.43 – 29.69
+30.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-12 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-11 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-08 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-07 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-06 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-05 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-05-04 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-04-30 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-04-29 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-04-28 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-04-27 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-04-24 A- 4/5 4/5 3/5 4/5 2/5 3/5 4/5
2026-04-22 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-21 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-20 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-17 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-16 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5
2026-04-15 B+ 3/5 4/5 3/5 4/5 1/5 3/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
86.32B
OE per share TTM
40.49
Owner's Yield
35.26%
Maintenance CapEx ratio
51.20%
Maint CapEx / Avg PPE
68.9%

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.

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
1.68M
Shares Outstanding
2.18B

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
Ali Taha Koc Chief Executive Officer male
Ali Uysal Chief Legal and Regulation Officer male
Erkan Durdu Chief People & Business Support Officer male
Figen Kilic Director of Strategy & Director female
Kadri Ozdal Chief Sales Officer male
Kamil Kalyon Executive Vice President of Finance & Chief Financial Officer male
Murat Akguc Chief Marketing & Digital Services Officer male
Mustafa Demirhan Chief Information & Communication Technologies Officer male
Ozlem Yardim Investor Relations & Corporate Finance Director female
Vehbi Cagri Gungor Chief Network Technologies Officer
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 yield history

Dividend history

Earnings history

Earnings reports

Stock splits