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.
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D-MARKET Electronic Services & Trading Unsponsored ADR (HEPS) EV/Sales
As of 16 October 2026, D-MARKET Electronic Services & Trading Unsponsored ADR (HEPS) trades at a EV/Sales of 0.4×. Over the past ten years it has ranged from −0.1× (January 2023) to 0.7× (April 2022); the current reading is higher than 72% of that period. That is below the Internet Retail industry median of 0.7× and below the Consumer Cyclical sector median of 1.0×.
EV/Sales, daily
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Annual newest first
| Period | EV/Sales | Change |
|---|---|---|
| FY2025 | 0.3× | (36.36%) |
| FY2024 | 0.4× | 189.37% |
| FY2023 | 0.2× | — |
| FY2022 | −0.1× | — |
| FY2021 | 0.0× | — |
| FY2020 | 0.0× | — |
Quarterly newest first
| Period | EV/Sales | Change |
|---|---|---|
| Jun 2026 | 0.4× | 16.27% |
| Mar 2026 | 0.3× | 15.50% |
| Dec 2025 | 0.3× | (15.39%) |
| Sep 2025 | 0.3× | (3.95%) |
| 18 more quarters | Free account |
Against its own ten years
EV/Sales against peers
| Company | EV/Sales |
|---|---|
| ZKH ZKH Group Limited Unsponsored ADR compare | 0.1× |
| RERE ATRenew Inc. Sponsored ADR compare | 0.2× |
| NEGG Newegg Commerce, Inc. compare | 0.2× |
| HEPS D-MARKET Electronic Services & Trading Unsponsored ADR | 0.4× |
| OZON Ozon Holdings PLC Sponsored ADR compare | 0.7× |
| TDUP ThredUp Inc. compare | 0.8× |
| RVLV Revolve Group, Inc. compare | 1.0× |
| LQDT Liquidity Services, Inc. compare | 2.3× |
| JMIA Jumia Technologies compare | 3.3× |
| Internet Retail industry median | 0.7× |
| Consumer Cyclical sector median | 1.0× |
| Market median | 2.1× |
What EV/Sales is
EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.
((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ Revenue (TTM)