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MERIT TURIZMMM

MERIT TURIZM

12.64TRYD
−1.40−9.97%
At close at 17:14 GMT
TRY
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Overview
Financials
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MERIT fundamentals

Key facts

Market capitalization‪4.73 B‬TRY
Dividend yield (indicated)0.59%
Price to earnings Ratio (TTM)16.12
Basic EPS (TTM)0.87TRY
Founded1988
Employees (FY)—
CEO—
Websitemeritturizm.com
About

Merit Turizm Yatirim ve Isletmeleri AS owns and operates hotel resorts. It offers accommodation, venue for seminars, catering, wellness centers, restaurants, bars, and entertainment services. The company was founded by Besim Tibuk, Tavit Köletavitoglu, Suat Asutay, Smail Hakki Oguz, and Haluk Elver on October 7, 1988 and is headquartered in Istanbul, Turkey.

Ownership
‪‪336.60 M‬‬
Closely held shares
‪‪234.74 M‬‬ (69.74%)
Free Float shares
‪‪101.86 M‬‬ (30.26%)
Closely held shares
‪‪234.74 M‬‬ (69.74%)
Free Float shares
‪‪101.86 M‬‬ (30.26%)
Capital structure
Market cap
‪‪4.73 B‬‬
Minority interest
‪20.00‬
Cash & equivalents
‪‪4.09 M‬‬
Enterprise value
‪‪4.72 B‬‬

Valuation

Fundamental metrics to determine fair value of the stock

Summary
‪‪4.73 B‬‬
Price to earning ratio (P/E)
16.12x
Price to sales ratio (P/S)
36.25x
Market Cap
Net income
Revenue
Price to earning ratio (P/E)
16.12x
Price to sales ratio (P/S)
36.25x
Valuation ratios
‪0.00‬
‪15.00‬
‪30.00‬
‪45.00‬
‪60.00‬
Q3 '23
Q4 '23
Q1 '24
Q2 '24
Q3 '24
‪0.00‬
‪15.00‬
‪30.00‬
‪45.00‬
‪60.00‬
P/E
P/S

Growth and Profitability

Company’s recent performance and margins

Performance
‪45%‬
‪165%‬
‪285%‬
‪405%‬
‪525%‬
Q3 '23
Q4 '23
Q1 '24
Q2 '24
Q3 '24
‪0.00‬
‪‪25.00 M‬‬
‪‪50.00 M‬‬
‪‪75.00 M‬‬
‪‪100.00 M‬‬
Revenue
Net income
Net margin %
Revenue to profit conversion
Revenue
COGS
Gross profit
Op expenses
Op income
Non-Op income/ expenses
Taxes & Other
Net income
‪0.00‬
‪‪16.00 M‬‬
‪‪32.00 M‬‬
‪‪48.00 M‬‬
‪‪64.00 M‬‬
Revenue
COGS
Gross profit
Expenses & adjustments
Net income
‪0.00‬
‪‪16.00 M‬‬
‪‪32.00 M‬‬
‪‪48.00 M‬‬
‪‪64.00 M‬‬

Revenue breakdown

Revenue streams and regions a business earns money from

By source/business
Period: 2023
Hotel Management
Other
By country
Period: 2023
Turkey

Dividends

Dividend yield, history and sustainability

Dividend summary
9.57%
Earnings retained
Payout ratio (TTM)
Dividend yield TTM
0.59%
Last payment
1.00
Last ex-date
Jul 8, 2024
Dividend history
‪0.0%‬
‪0.7%‬
‪1.4%‬
‪2.1%‬
‪2.8%‬
2019
2020
2021
2022
2023
‪0.00‬
‪0.03‬
‪0.05‬
‪0.08‬
‪0.10‬
Dividends per share (FY)
Dividend yield (FY) %

Financial health

Financial position and solvency of the company

Debt level and coverage
Q3 '23
Q4 '23
Q1 '24
Q2 '24
Q3 '24
‪0.00‬
‪‪8.00 M‬‬
‪‪16.00 M‬‬
‪‪24.00 M‬‬
‪‪32.00 M‬‬
Debt
Free cash flow
Cash & equivalents
Financial position analysis
Short term
Long term
‪0.00‬
‪‪2.50 B‬‬
‪‪5.00 B‬‬
‪‪7.50 B‬‬
‪‪10.00 B‬‬
Assets
Liabilities