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Ülker Bisküvi Sanayi A.S. (ULKER.IS)

TRY96.15 +0.15 (+0.16%)
TR IST Consumer Defensive Food Confectioners
Address Kisikli Mahallesi Ferah Caddesi No: 1 34692
Istanbul, TR
CEO Ozgur Kolukfaki
Website ulkerbiskuvi.com.tr
IPO 2004-02-25
ISIN TREULKR00015

Explore sections of this company profile

Also trades on Istanbul Stock Exchange · ULKER.IS (TRY) Other OTC · UELKY (USD)
Description

Ülker Bisküvi Sanayi A.S., operating with its subsidiary companies, is a prominent food manufacturer engaged in the production, promotion, and sale of a diverse array of snack items, including biscuits, chocolates, cakes, wafers, and crackers. The company's reach extends throughout Turkey and across international markets. Beyond finished goods, it also produces various ingredients like chocolate dough, cocoa powder, and pureed hazelnut. Furthermore, Ülker is active in trading and investment ventures. Its products are available under both its proprietary brand names and as private label offerings, being exported to regions such as the Middle East, Russia, Central Asian republics, Europe, Africa, and the United States. Established in Istanbul, Turkey, in 1944, Ülker Bisküvi Sanayi A.S. functions as a subsidiary of pladis Foods Limited.

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
TRY96.15 +0.15 (+0.16%)
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Volume Profile
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Liquidity & share structure
Average Volume
6M
Beta
0.18
Float Shares
194.86M
Free Float %
52.8%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.80% -3.16% +5.45% -8.51% +10.45% +16.48% +5.54% +305.28% +424.17% +479.72% +3,868.45%
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
96.15
DCF (Unlevered) 1,377.90 +1,333.1%
DCF (Levered) 341.68 +255.4%

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) 67% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 6 0
Hold 3 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
2.21
Grey zone
Piotroski F-Score
5 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
A-
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
1 / 5
Low
P/E Score
4 / 5
High
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • ✓
    Revenue growth Food Confectioners: +6.2%
    +33.1% ★ Q1'26: +25.8% (vs Q1'25)
  • ✗
    EPS growth Food Confectioners: +8.5%
    -33.9% Q1'26: -34.4% (vs Q1'25)
  • ✗
    FCF margin FCF growth · Food Confectioners: +8.1%
    -6.6% Q1'26: -15.4% (vs Q1'25)
  • ✗
    EBIT margin Food Confectioners: +8.2%
    +14.2% ★ Q1'26: +12.5% (vs Q1'25)
  • ✓
    ROIC Food Confectioners: +7.0%
    +15.6% ★ Q1'26: +11.0% (vs Q1'25)
  • ✓
    Share dilution Food Confectioners: +0.0%
    +0.0% Q1'26: +0.0% (vs Q1'25)
  • ✗
    Debt / EBITDA Net debt/EBITDA · Food Confectioners: 0.54×
    3.12× Q1'26: 2.84× (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 (0.24) × ERP
WACC = 45% × Ke + 55% × Kd (11.8%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
—
Intrinsic value (base): 1,377.90 Current price: 96.15
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
1 Rev. Ana.
2 EPS Ana. 		Dec 2027
5 Rev. Ana.
3 EPS Ana. 		Dec 2028
4 Rev. Ana.
4 EPS Ana. 		Dec 2029
3 Rev. Ana.
2 EPS Ana.
Revenue
3.08B
est: 3.13B (-1.8%)
3.92B
est: 3.92B (+0.0%)
4.81B
est: 4.64B (+3.7%)
5.96B
est: 5.87B (+1.5%)
7.80B
est: 7.65B (+2.0%)
9.40B
est: 9.29B (+1.2%)
12.54B
est: 12.19B (+2.8%)
28.20B
est: 27.40B (+2.9%)
55.84B
est: 57.19B (-2.4%)
84.10B
est: 82.14B (+2.4%)
111.90B
est: 113.06B (-1.0%)
142.71B
129.78B – 149.38B
+26.2% YoY
165.58B
137.66B – 180.00B
+16.0% YoY
196.16B
192.97B – 199.34B
+18.5% YoY
271.66B
247.05B – 284.37B
+38.5% YoY
EBITDA
509.46M
est: 478.10M (+6.6%)
514.35M
est: 598.63M (-14.1%)
879.62M
est: 708.29M (+24.2%)
903.91M
est: 896.00M (+0.9%)
1.29B
est: 1.17B (+10.6%)
1.90B
est: 1.42B (+33.9%)
961.62M
est: 1.86B (-48.3%)
2.76B
est: 4.18B (-33.9%)
9.93B
est: 16.67B (-40.4%)
17.55B
est: 23.95B (-26.7%)
18.39B
est: 32.96B (-44.2%)
41.60B
37.83B – 43.55B
+26.2% YoY
48.27B
40.13B – 52.47B
+16.0% YoY
57.18B
56.26B – 58.11B
+18.5% YoY
79.20B
72.02B – 82.90B
+38.5% YoY
EBIT
433.69M
est: 418.74M (+3.6%)
416.82M
est: 524.31M (-20.5%)
746.72M
est: 620.36M (+20.4%)
1.30B
est: 784.76M (+66.1%)
1.78B
est: 1.02B (+73.7%)
2.04B
est: 1.24B (+64.5%)
731.61M
est: 1.63B (-55.1%)
2.42B
est: 3.66B (-34.1%)
8.75B
est: 15.07B (-42.0%)
15.73B
est: 21.64B (-27.3%)
15.94B
est: 29.79B (-46.5%)
37.61B
34.20B – 39.37B
+26.2% YoY
43.63B
36.28B – 47.43B
+16.0% YoY
51.69B
50.85B – 52.53B
+18.5% YoY
71.59B
65.10B – 74.94B
+38.5% YoY
Net Income
260.29M
est: 247.11M (+5.3%)
230.37M
est: 341.46M (-32.5%)
383.15M
est: 378.08M (+1.3%)
700.78M
est: 692.46M (+1.2%)
905.30M
est: 775.55M (+16.7%)
1.08B
est: 1.02B (+6.5%)
-464.33M
est: -206.18M (-125.2%)
-353.10M
est: -906.24M (+61.0%)
3.38B
est: 7.05B (-52.1%)
7.40B
est: 7.13B (+3.8%)
4.87B
est: 7.03B (-30.7%)
8.36B
7.59B – 9.13B
+18.9% YoY
12.72B
7.01B – 14.87B
+52.1% YoY
17.33B
7.58B – 19.42B
+36.3% YoY
23.63B
20.85B – 25.07B
+36.4% YoY
SGA
229.71M
est: 278.38M (-17.5%)
333.29M
est: 348.56M (-4.4%)
471.93M
est: 412.41M (+14.4%)
95.42M
est: 521.71M (-81.7%)
641.29M
est: 680.00M (-5.7%)
784.41M
est: 825.80M (-5.0%)
963.07M
est: 1.08B (-11.1%)
2.14B
est: 2.44B (-12.0%)
6.48B
est: 5.73B (+13.0%)
7.76B
est: 8.23B (-5.8%)
15.67B
est: 11.33B (+38.3%)
14.30B
13.00B – 14.97B
+26.2% YoY
16.59B
13.79B – 18.04B
+16.0% YoY
19.66B
19.34B – 19.97B
+18.5% YoY
27.22B
24.76B – 28.50B
+38.5% YoY
EPS
0.85
est: 0.67 (+27.0%)
0.80
est: 0.92 (-13.5%)
1.16
est: 1.02 (+13.3%)
2.05
est: 1.88 (+9.3%)
2.91
est: 2.10 (+38.6%)
3.16
est: 2.75 (+14.9%)
-1.36
est: -0.56 (-143.6%)
-1.03
est: -2.51 (+59.0%)
9.15
est: 19.08 (-52.1%)
19.98
est: 19.87 (+0.6%)
13.20
est: 18.82 (-29.9%)
23.30
20.56 – 24.72
+23.8% YoY
30.84
18.98 – 40.26
+32.3% YoY
39.61
20.53 – 52.58
+28.5% YoY
64.00
56.46 – 67.89
+61.6% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 A- 4/5 5/5 3/5 4/5 1/5 4/5 4/5
2026-05-08 A- 4/5 5/5 3/5 4/5 1/5 4/5 4/5
2026-05-07 A- 4/5 5/5 3/5 4/5 1/5 4/5 4/5
2026-05-06 A- 4/5 5/5 3/5 4/5 1/5 4/5 4/5
2026-05-05 A- 4/5 5/5 3/5 4/5 1/5 4/5 4/5
2026-05-04 A- 4/5 5/5 3/5 4/5 1/5 4/5 4/5
2026-04-30 A- 4/5 5/5 3/5 4/5 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
2026-04-15 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
10.69B
OE per share TTM
28.94
Owner's Yield
22.27%
Maintenance CapEx ratio
277.83%
Maint CapEx / Avg PPE
27.9%

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.

ETF Ownership

Top ETFs holding this stock Held by 66 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 iShares MSCI Turkey ETF TUR 0.62% 1.27M 0.59%
2 JPMorgan Diversified Return Emerging Markets Equity ETF JPEM 0.08% 323.1K 0.44%
3 FlexShares Morningstar Emerging Markets Factor Tilt Index Fund TLTE 0.04% 151.4K 0.58%
4 iShares MSCI EM Small Cap UCITS ETF IEMS.L 0.03% 90.6K 0.74%
5 iShares MSCI Emerging Markets Small-Cap ETF EEMS 0.02% 92.3K 0.72%
6 State Street SPDR MSCI Emerging Markets Small Cap UCITS ETF EMSD.L 0.02% 114.7K 0.55%
7 Dimensional - Emerging Markets Core Equity 2 ETF DFEM 0.01% 1.27M 0.39%
8 Avantis Emerging Markets Equity ETF AVEM 0.01% 3.27M 0.33%
9 Dimensional - Emerging Markets ex China Core Equity ETF DEXC 0.01% 34.2K 0.56%
10 Dimensional - Emerging Markets Value ETF DFEV 0.01% 156.5K 0.46%

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
2.07M
Shares Outstanding
369.28M

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
Fulya Banu Surucu Chief Financial Officer — —
Ibrahim Taskin Non-Independent Director — male
Ozgur Kolukfaki Chief Executive Officer & Executive Director — male
Suheyl Aybar Vice President — —
Verda Beste Tasar Director of Investor Relations — 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 yield history

Dividend history

Earnings history

Earnings reports

Stock splits

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