- Turkcell reported a net income of 2.90 billion liras in 2Q 2024, compared to a loss of 820.4 million liras the previous year.
- Total revenue for the quarter stood at 34.91 billion liras, a slight decrease of 0.3% year over year.
- The company’s EBITDA margin improved slightly from 42.4% to 42.6% year over year.
- Mobile churn rate for the quarter was 1.5%.
- Mobile average revenue per user was recorded at 5.30 liras.
- Turkcell anticipates finalizing the sale value of its Ukraine assets by the end of the year.
- In the 2Q, EBITDA increased by 0.3% year over year.
- The Central Bank’s decision to keep the policy interest rate steady contributed to a balanced macroeconomic environment, according to the CEO.
- High inflation has negatively impacted companies applying hyperinflation accounting.
- The company is reviewing its guidance due to a rising trend in monthly inflation, which has exceeded expectations.
- The Techfin business under the Financell and Paycell brands continued to contribute significantly to group growth.
- Turkcell aims to provide an updated guidance with its 3Q results.
- Analyst recommendations include 17 buys, 0 holds, and 0 sells.
A look at Turkcell Iletisim Hizmet As Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 5 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Turkcell Iletisim Hizmet As shows a positive long-term outlook, with high scores in Momentum and Value. The company’s strong Momentum score reflects its ability to generate sustained growth and capture market opportunities efficiently. Additionally, Turkcell’s solid Value score indicates that it is trading at an attractive valuation relative to its intrinsic worth. While the Growth, Resilience, and Dividend scores are slightly lower, they still signify stable performance and potential for expansion. Overall, Turkcell’s diversified communication and technology services, combined with its strong scores, paint a promising picture for its future prospects.
Turkcell Iletisim Hizmet As, a converged communication and technology services player in Turkey, is well-positioned for continued success in the long term. With a focus on mobile and fixed voice, data, television, and other services, the company has established itself as a key player in the region. The high scores in Momentum and Value highlight Turkcell’s potential for sustained growth and solid market positioning. Although the Growth, Resilience, and Dividend scores are moderate, they still demonstrate Turkcell’s capacity for expansion and stability. Overall, Turkcell’s regional assets and globally relevant services underpin its strong outlook and potential for future success.
Summary of the company: Turkcell Iletisim Hizmetleri AS (Turkcell) is a converged communication and technology services player with regional assets and globally relevant services. The Company provides mobile and fixed voice, data, television, and other services over its network in Turkey.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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