Turkcell Iletisim Hizmetleri A.S.
Research Turkcell Iletisim Hizmetleri A.S. (TKC) on Bullrun: valuation model: 36.7% undervalued, market cap USD 4.36B, P/E 9.8. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerTKC
- ExchangeNYSE
- CountryTurkey
- SectorCommunication Services
- IndustryTelecom Services
- CurrencyUSD
- Valuation signal36.7% undervalued
- Market capUSD 4.36B
- P/E9.8
- Financial periodQ2 2026
- RevenueTRY 71.78B
- Net incomeTRY 5.24B
- Free cash flowTRY 2.63B
- Gross margin25.4%
Valuation Snapshot
Bullrun's latest valuation model marks Turkcell Iletisim Hizmetleri A.S. as 36.7% undervalued; latest market cap is USD 4.36B; P/E is 9.8.
Peer valuation comparison
Latest P/E is 9.8x versus a Communication Services sector median of 16.04x (38.9% below).
Latest P/E is 9.8x versus a Turkey median of 60.15x (83.7% below).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | TRY 241.47B | TRY 17.60B | TRY 24.73B | 28.3% | 20.2 | TRY 91.83B | TRY 181.28B | TRY 243.03B |
| FY2024 | TRY 218.16B | TRY 30.79B | TRY 16.14B | 24.7% | 26.98 | TRY 90.23B | TRY 136.57B | TRY 244.72B |
| FY2023 | TRY 202.43B | TRY 23.72B | TRY 23.09B | 21.2% | 14.38 | TRY 72.16B | TRY 121.40B | TRY 176.50B |
| FY2022 | TRY 134.98B | TRY 9.93B | TRY 20.22B | 12.6% | 12.65 | TRY 42.78B | TRY 88.74B | TRY 109.37B |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-10-12 | USD 4.36B | 9.8 | n/a | n/a |
| 2025 | 2025-12-31 | USD 4.77B | 11.2 | n/a | n/a |
| 2024 | 2024-12-31 | USD 5.67B | 12.5 | n/a | n/a |
| 2023 | 2023-12-29 | USD 4.20B | n/a | 2.1% | 0.1 |
| 2022 | 2022-12-30 | USD 4.18B | 9.8 | 1.7% | 0.08 |
| 2021 | 2021-12-31 | USD 3.13B | 5.5 | 9.5% | 0.34 |
Dividend history
| Year | Dividends/share |
|---|---|
| FY2023 | 0.1 TRY |
| FY2022 | 0.08 TRY |
About Turkcell Iletisim Hizmetleri A.S.
Turkcell Iletisim Hizmetleri A.S., together with its subsidiaries, engages in establishing and operating a global system for mobile communications (GSM) network in Turkey, Belarus, Turkish Republic of Northern Cyprus, Germany, and the Netherlands. It operates through the Turkcell Turkiye, Turkcell International, and Techfin segments.
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Frequently asked questions
Is Turkcell Iletisim Hizmetleri A.S. overvalued or undervalued?
Bullrun's valuation model currently marks Turkcell Iletisim Hizmetleri A.S. as 36.7% undervalued.
What is Turkcell Iletisim Hizmetleri A.S.'s market cap?
Turkcell Iletisim Hizmetleri A.S.'s market capitalization is USD 4.36B.
What is Turkcell Iletisim Hizmetleri A.S.'s P/E ratio?
Turkcell Iletisim Hizmetleri A.S.'s price-to-earnings (P/E) ratio is 9.8.
What does Turkcell Iletisim Hizmetleri A.S. do?
Turkcell Iletisim Hizmetleri A.S., together with its subsidiaries, engages in establishing and operating a global system for mobile communications (GSM) network in Turkey, Belarus, Turkish Republic of Northern Cyprus, Germany, and the Netherlands. It operates through the Turkcell Turkiye, Turkcell International, and Techfin segments.