Saturday 17 October 2026
Export HEPS’s income statement to Excel — free account
D-MARKET Electronic Services & Trading Unsponsored ADR
HEPS Consumer Cyclical Internet Retail
D-MARKET Electronic Services & Trading Unsponsored ADR’s revenue for fiscal 2025 (year ended December 2025) was $2.2 billion, up 23.6% from fiscal 2024. In the quarter to June 2026, revenue grew 16.2%, EPS fell 83.3%, free cash flow fell 62.0% and total debt fell 39.8%, each against the same quarter a year earlier. Revenue growth for three consecutive years.
2.71
0.02
−0.73%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '17 | |
|---|---|---|---|---|---|---|---|
Piotroski F-Score |
4 | 3 | 8 | 3 | — | — | — |
P/E ratio |
0.00 | 0.00 | 168.00 | 0.00 | 0.00 | 0.00 | — |
P/S ratio |
0.43 | 0.57 | 0.35 | 0.24 | 0.67 | 0.00 | — |
Altman Z-Score |
1.92 | 1.98 | 1.55 | (0.11) | 0.78 | — | — |
Altman Z″-Score (non-manufacturers) |
(2.59) | (2.42) | (1.92) | (3.78) | (0.02) | (5.86) | — |
P/FCF ratio |
4.09 | 8.81 | 3.25 | 0.00 | 0.00 | 0.00 | — |
Beneish M-Score |
(4.60) | (3.44) | (2.83) | (3.32) | (2.89) | — | — |
P/Operating CF |
7.84 | 13.72 | 3.62 | 3.26 | 113.30 | 41.76 | — |
P/B ratio |
18.07 | 9.82 | 3.82 | 1.85 | 1.88 | 0.00 | — |
Price to Tangible BV |
0.00 | 124.30 | 8.70 | 3.16 | 2.03 | 0.00 | — |
EV/Sales |
0.29 | 0.45 | 0.16 | (0.09) | 0.04 | 0.00 | — |
EV/EBITDA |
21.20 | 12.40 | 12.29 | 0.57 | 0.00 | 0.00 | — |
EV/Operating CF |
2.14 | 4.50 | 1.10 | (3.45) | 3.47 | 0.00 | — |
EV/FCF |
2.73 | 6.92 | 1.43 | 3.56 | (2.50) | 0.00 | — |
Quick Ratio |
0.59 | 0.66 | 0.72 | 0.78 | 1.05 | 0.28 | — |
Current Ratio |
0.89 | 0.97 | 1.07 | 1.08 | 1.42 | 0.64 | — |
Net Debt/EBITDA |
(10.65) | (3.39) | (15.77) | 2.03 | 2.77 | 1.73 | — |
Debt/Assets |
3.72% | 8.67% | 1.75% | 1.28% | 3.74% | 22.41% | 0.00% |
Debt/Equity |
0.68 | 0.68 | 0.09 | 0.06 | 0.11 | (0.56) | — |
Asset Turnover |
2.48 | 2.23 | 2.24 | 1.29 | 1.47 | 6.49 | — |
Operating CF/Net income |
(1.98) | (3.55) | 66.45 | (0.15) | (0.13) | (0.93) | — |
Capex/Depreciation |
(0.76) | (0.97) | (0.98) | (1.65) | (1.52) | (1.07) | — |
Interest Coverage |
(0.17) | 0.00 | (0.18) | (1.81) | (1.81) | (0.46) | — |
| (189.97%) | (40.07%) | 2.44% | (81.83%) | (82.37%) | (64.40%) | — | |
| (16.68%) | (6.28%) | 0.47% | (23.28%) | (13.57%) | (48.30%) | — | |
ROIC |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
Return on Tangible Assets |
216.24% | (1,603.65%) | 5.10% | (299.62%) | (32.19%) | 52.18% | — |
Average Days of Receivables |
26.90 | 32.38 | 24.46 | 15.13 | 10.96 | 9.19 | — |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
Selling, General and Administrative Expense of Revenue |
19.42% | 19.01% | 16.68% | 22.13% | 30.49% | 15.24% | — |
Intangible Assets out of Total Assets |
0.10 | 0.12 | 0.11 | 0.08 | 0.03 | 0.05 | 0.00 |
Share Based Compensation of Revenue |
0.26% | 0.32% | 0.30% | 0.95% | 1.13% | 0.00% | — |
Graham Net Nets |
(0.14) | (0.06) | 0.03 | 0.09 | 0.37 | (0.05) | — |
Graham Number |
0.00 | 0.00 | 0.31 | 0.00 | 0.00 | 0.00 | — |
Earnings Yield |
(17.34%) | (4.62%) | 0.60% | (76.62%) | (19.34%) | (19.34%) | — |
Free Cash Flow Yield |
24.42% | 11.35% | 30.73% | (11.00%) | (2.47%) | 0.00% | — |
Revenue per Share |
5.78 | 5.30 | 4.74 | 3.02 | 2.87 | 16.10 | — |
Operating CF per Share |
0.77 | 0.53 | 0.67 | 0.08 | 0.03 | 1.11 | — |
Capex per Share |
(0.16) | (0.19) | (0.15) | (0.16) | (0.08) | (0.25) | — |
Free Cash Flow per Share |
0.61 | 0.34 | 0.52 | (0.08) | (0.05) | 0.86 | — |
Cash per Share |
0.92 | 0.86 | 0.99 | 1.01 | 1.90 | 1.50 | — |
Shareholders Equity per Share |
0.14 | 0.31 | 0.44 | 0.38 | 1.02 | (1.99) | — |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Book value per Share |
0.14 | 0.31 | 0.44 | 0.38 | 1.02 | (1.99) | — |
Free Cash Flow |
225.47 | 112.91 | 167.70 | (25.46) | (14.37) | 49.03 | — |
Working Capital |
(94.57) | (22.31) | 42.35 | 38.70 | 241.38 | (138.76) | — |
Capital Expenditures |
(61.15) | (60.87) | (49.63) | (51.71) | (24.73) | (14.35) | — |
Net Current Asset Value |
(133.80) | (60.05) | 15.00 | 21.63 | 217.68 | (152.57) | — |
EV/EBIT |
0.00 | 1,510.69 | 0.00 | 0.48 | 0.00 | 0.00 | — |
Capex to Sales |
0.03 | 0.04 | 0.03 | 0.05 | 0.03 | 0.02 | — |
Price to Operating Income |
0.00 | 1,923.71 | 0.00 | 0.00 | 0.00 | 0.00 | — |
| Other line items | |||||||
Depreciation/Fixed assets |
2.92 | 2.46 | 2.34 | 1.52 | 1.56 | 1.64 | — |
Cash ROIC |
52.48% | 24.92% | 35.21% | (5.50%) | (1.55%) | 139.02% | — |
Accounts Receivable Turnover |
13.75 | 13.51 | 21.40 | 29.34 | 35.49 | 37.13 | — |
Accounts Payable Turnover |
2.46 | 2.38 | 2.63 | 1.85 | 1.74 | 1.83 | — |
Inventory Turnover |
6.77 | 6.13 | 7.64 | 5.14 | 4.40 | 4.64 | — |
Average Days of Payables |
174.99 | 153.28 | 155.53 | 170.83 | 259.69 | 152.39 | — |
Days of Inventory on Hand |
59.02 | 61.43 | 58.38 | 51.90 | 104.81 | 57.97 | — |
Average Receivables |
156.41 | 128.75 | 71.96 | 33.51 | 24.66 | 24.66 | — |
Average Payables |
557.02 | 457.04 | 408.82 | 415.33 | 380.56 | 380.56 | — |
Average Inventory |
202.38 | 177.36 | 140.56 | 149.65 | 150.22 | 150.22 | — |
Average Assets |
867.93 | 779.33 | 688.68 | 764.39 | 597.41 | 141.08 | — |
Average Common Equity |
76.20 | 122.16 | 134.01 | 217.46 | 98.42 | 105.80 | — |
Columns are period end dates