Turkcell Iletisim Hizmetleri AS TKC
- Market cap
- $4.5B
- P/E
- 10.6×
Follow TKC
Target Price Range
Analyst price targets
Free account| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6.35 | 6.50 | 3.93 | 4.60 | 4.36 | 2.85 | 2.33 | 3.52 | 4.74 | 5.35 |
Analyst estimates 2026–2028 Powerpack |
Low Price
|
||
| 10.87 | 10.28 | 11.29 | 7.16 | 6.36 | 6.10 | 4.97 | 5.63 | 8.47 | 7.63 |
High Price
|
|||
| 18,999 | 19,768 | 20,120 | 21,813 | 24,675 | 25,638 | 23,795 | 24,352 | 22,228 | 24,290 |
Employees
|
|||
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Revenue/Emp
|
|||
| 4,723 | 4,835 | 4,391 | 4,422 | 4,179 | 4,160 | 3,767 | 4,638 | 5,083 | 6,133 |
Revenue
|
|||
| 35.34% | 35.63% | 33.56% | 32.04% | 30.13% | 29.76% | 13.86% | 21.19% | 24.68% | 28.30% |
Gross Margin
|
|||
| 664 | 716 | 551 | 579 | 664 | 526 | 157 | 255 | 487 | 792 |
EBT
|
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| 14.06% | 14.80% | 12.55% | 13.09% | 15.90% | 12.64% | 4.16% | 5.50% | 9.57% | 12.92% |
EBT Margin
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| 510 | 559 | 449 | 576 | 609 | 583 | 255 | 543 | 717 | 447 |
Net Income
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|||
| 728 | 712 | 884 | 888 | 858 | 840 | 1,307 | 1,449 | 1,446 | 1,609 |
Depreciation
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|||
| 5.38 | 5.51 | 5.02 | 5.06 | 4.79 | 4.76 | 4.31 | 5.31 | 5.83 | 7.04 |
Revenue/Sh
|
|||
| 0.57 | 0.62 | 0.48 | 0.41 | 0.68 | 0.67 | 0.29 | 0.63 | 0.82 | 0.51 |
Earnings/Sh
|
|||
| 0.23 | 0.97 | 1.38 | 1.82 | 2.15 | 2.65 | 1.78 | 2.07 | 2.21 | 2.82 |
Cash Flow/Sh
|
|||
| (1.03) | (0.84) | (1.21) | (1.16) | (1.26) | (1.28) | (1.14) | (1.45) | (1.71) | (2.07) |
Capex/Sh
|
|||
| (0.80) | 0.13 | 0.17 | 0.65 | 0.89 | 1.36 | 0.64 | 0.62 | 0.50 | 0.74 |
Free CF/Sh
|
|||
| 6.06 | 4.70 | 3.79 | 3.64 | 3.42 | 2.99 | 4.65 | 6.06 | 6.54 | 7.56 |
Book Value/Sh
|
|||
| 877 | 877 | 874 | 874 | 873 | 873 | 873 | 873 | 872 | 871 |
Shares
|
|||
| 11.81 | 16.62 | 11.47 | 11.53 | 7.93 | 8.12 | 17.97 | 8.06 | 8.00 | 11.89 |
PE Ratio
|
|||
| 1.24 | 1.88 | 1.12 | 1.15 | 1.13 | 0.81 | 1.20 | 0.91 | 1.12 | 0.78 |
PS Ratio
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| 1.10 | 2.21 | 1.48 | 1.59 | 1.58 | 1.87 | 1.11 | 0.80 | 1.00 | 0.72 |
PB Ratio
|
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| 1.27 | 2.03 | 1.32 | 1.49 | 1.39 | 1.15 | 1.54 | 0.96 | 1.17 | 1.09 |
EV/Sales
|
|||
| (8.56) | 83.48 | 9.46 | 11.49 | 7.50 | 6.02 | 10.32 | 8.23 | 13.74 | 10.30 |
EV/FCF
|
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| 201 | 850 | 1,202 | 1,588 | 1,880 | 2,310 | 1,558 | 1,807 | 1,929 | 2,454 |
Op' Cash Flow
|
|||
| (903) | (733) | (1,056) | (1,016) | (1,103) | (1,122) | (996) | (1,263) | (1,495) | (1,805) |
Capex
|
|||
| (703) | 117 | 146 | 571 | 777 | 1,188 | 562 | 544 | 434 | 649 |
FCF
|
|||
| 1,981 | 1,329 | 1,360 | 1,174 | 1,295 | 1,438 | 1,071 | 1,941 | 697 | 1,642 |
Working Cap'
|
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| 3,101 | 3,393 | 4,035 | 3,512 | 3,053 | 3,892 | 3,296 | 2,509 | 1,599 | 3,117 |
Total Debt
|
|||
| 971 | 1,829 | 2,215 | 1,501 | 1,117 | 1,482 | 1,290 | (128) | (775) | 380 |
Net Debt
|
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| 5,312 | 4,125 | 3,310 | 3,181 | 2,985 | 2,613 | 4,063 | 5,293 | 5,702 | 6,587 |
Sh' Equity
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| 4.90% | 5.49% | 4.60% | 6.77% | 7.88% | 7.48% | 3.02% | 5.60% | 6.77% | 3.85% |
ROA
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| 7.18% | 8.44% | 10.17% | 11.82% | 12.63% | 13.00% | 1.91% | 4.09% | 7.70% | 8.73% |
ROIC
|
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| 9.28% | 11.50% | 11.21% | 17.60% | 19.74% | 20.82% | 7.66% | 11.62% | 13.05% | 7.28% |
ROE
|
|||
Turkcell Iletisim Hizmetleri AS peers in Telecom Services
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Turkcell Iletisim Hizmetleri AS (TKC) key facts
- Turkcell Iletisim Hizmetleri AS (TKC) is a Telecom Services company in the Communication Services sector, traded in the US as an ADR.
- Turkcell Iletisim Hizmetleri AS’s revenue for fiscal 2025 (year ended December 2025) was TRY 6.1 billion, up 20.7% from fiscal 2024.
- As of September 25, 2026, TKC traded at $5.17, a market capitalization of $4.5 billion.
- Turkcell Iletisim Hizmetleri AS pays an annual dividend of $0.08 per share, a yield of 3.93%, with a payout ratio of 16.7%.
- Return on equity was 7.28% and debt-to-equity 0.57.
Turkcell Iletisim Hizmetleri AS (TKC) Latest News
14 Aug
Turkcell Iletisim Hizmetleri AS Q2 earnings call highlighted financial results, operational metrics and strategic updates for the period. Quarterly earnings updates detail performance and outlook with moderate effects on valuation and sentiment.
13 Aug
Turkcell Iletisim Hizmetleri AS highlighted ongoing 5G network investments in its Q2 2026 earnings call, emphasizing infrastructure upgrades and technology deployment to support future growth. 5G investments constitute major strategic moves with potential to significantly shift the company's competitive position and performance outlook.
Turkcell (TKC) released its Q2 2026 earnings call transcript covering financial results, operational updates and forward guidance. Earnings transcripts convey performance metrics and outlook that can shift near-term sentiment and trading without guaranteeing structural change.
Turkcell Iletisim Hizmetleri AS released its second quarter 2026 financial results. Quarterly results release provides updated financial metrics that can shift near-term investor views on performance.
25 Jun
Turkcell adopts Bango's Digital Vending Machine to launch multi-party subscription bundles. Subscription bundle launch may enhance product offerings and market position modestly.
15 May
Turkcell Iletisim Hizmetleri AS released Q1 earnings call highlights, detailing financial results, subscriber growth, revenue increases, profitability metrics, and strategic initiatives in telecom services. Q1 earnings highlights reveal financial performance and guidance that moderately influence investor sentiment and near-term market positioning.
13 May
Turkcell Iletisim Hizmetleri AS (TKC) reported strong revenue growth in Q1 2026 earnings call highlights. Strong Q1 2026 revenue growth indicates significant positive shift in financial performance and investor sentiment.
11 May
Turkcell Iletisim Hizmetleri AS reported First Quarter 2026 results, highlighting key financial metrics and operational performance. Quarterly earnings releases like Q1 2026 results often trigger major stock price movements and shifts in investor expectations for telecom operators.
27 Apr
Turkey Colocation Data Center Portfolio Report 2026 analyzes 34 existing and 4 upcoming data centers from 2025-2029, detailing white-floor area, IT load in MW, pricing, and rack capacity. Data center expansion in Turkey supports Turkcell's infrastructure growth and digital services competitiveness without fundamentally transforming its core telecom operations.
9 Apr
Turkcell launches bold 5G campaign featuring Shaquille O’Neal to mark entry into the 5G era. 5G campaign launch with celebrity endorsement signals major strategic telecom advancement boosting competitive positioning and investor interest.
23 Mar
Turkcell Iletisim Hizmetleri AS secured a US$1 billion Murabaha syndication facility from 15 international banks to fund 5G network expansion, fiber investments, and future connectivity projects, marking the largest such Islamic finance deal in Turkey. US$1 billion financing directly supports critical 5G rollout and infrastructure upgrades, enhancing Turkcell's competitive edge and long-term growth prospects.
19 Mar
Nokia and Turkcell partner to transform fixed network operations in Türkiye using proactive AI intelligence from Nokia's AVA platform, enabling predictive maintenance, automation of fault management, and fiber network expansion for enhanced efficiency and customer experience. AI-driven transformation of fixed networks boosts operational efficiency, automation, and competitive positioning in Türkiye's telecom market.
10 Mar
Turkcell Iletisim Hizmetleri AS partners with ZTE and Netaş to develop next-generation Superbox supporting 5G and Wi-Fi 7 for enhanced connectivity. Strategic collaboration on cutting-edge 5G and Wi-Fi 7 Superbox bolsters Turkcell's innovation and competitive positioning in telecom.
Turkcell partners with ZTE and Netaş to develop next-generation Superbox featuring 5G and Wi-Fi 7 support. Partnership delivers advanced 5G-Wi-Fi 7 Superbox, enhancing Turkcell's product lineup and competitive positioning in telecom.
6 Mar
Turkcell Iletisim Hizmetleri AS released Q4 earnings call highlights covering financial results, strategic updates, and future outlook. Q4 earnings call highlights detail financial performance and guidance, significantly impacting investor sentiment and market trajectory.
5 Mar
Turkcell Iletisim Hizmetleri AS (TKC) reported strong revenue growth in Q4 2025 earnings call highlights. Strong revenue growth in Q4 2025 directly enhances financial performance and investor sentiment.
Turkcell Iletisim Hizmetleri A.S. released full year 2025 results. Full-year results represent major financial disclosure that can significantly alter investor sentiment and stock trajectory.
4 Mar
Mavenir and Turkcell partner to accelerate AI-enabled network service deployments, driving telecom innovation showcased at MWC26. AI-powered network partnership enhances Turkcell's innovation capabilities and competitive edge in telecom.
15 Feb
Bank of America views Turkcell's planned 2026 5G launch as a major growth catalyst and retains its Buy rating on TKC stock. Turkcell's 2026 5G launch represents a significant strategic advancement poised to enhance growth and competitive positioning.
3 Feb
Turkcell Iletisim Hizmetleri AS (TKC) is highlighted as one of three Middle Eastern dividend stocks offering attractive yields, with TKC providing a yield of up to 8.2%. The article emphasizes the potential benefits of investing in dividend-paying stocks in the region, particularly in light of current market conditions and investor interest in income-generating assets. The focus on dividend yield suggests a moderately noticeable influence on investor sentiment and financial performance.
2 Feb
Turkcell Iletisim Hizmetleri AS (TKC) is highlighted as a promising dividend stock within the Middle Eastern market, appealing to investors seeking income-generating assets. The company has demonstrated consistent dividend payments, making it an attractive option for portfolio enhancement. Analysts suggest that TKC's strong market position and growth potential in the telecommunications sector contribute to its appeal as a reliable dividend stock. Investors are encouraged to consider TKC as part of a diversified investment strategy focused on dividend yield. Turkcell's consistent dividend payments and strong market position may moderately influence investor sentiment and financial performance.
26 Jan
Turkcell Iletisim Hizmetleri AS (TKC) continues to expand its services and enhance its market position through strategic investments and technological advancements. The company is focusing on digital transformation and improving customer experience, which is expected to drive growth. Additionally, Turkcell is exploring new revenue streams and partnerships to strengthen its competitive edge in the telecommunications sector. Significant strategic moves and technological advancements are likely to alter the company's trajectory and investor sentiment.
12 Jan
The Turkey Colocation Data Center Portfolio Analysis Report for 2025-2029 highlights key locations, white-floor space, IT load capacity, and pricing trends for retail and wholesale colocation services. It provides insights into the evolving data center landscape in Turkey, emphasizing the importance of strategic locations and infrastructure capabilities for companies like Turkcell Iletisim Hizmetleri AS (TKC). The report indicates significant shifts in market dynamics and infrastructure that could impact Turkcell's competitive positioning and future performance.
12 Nov
Turkcell Iletisim Hizmetleri AS has entered into a cooperation agreement with Google to enhance its cloud technologies. This partnership aims to leverage Google's expertise in cloud services to improve Turkcell's offerings and expand its digital solutions for customers. The collaboration is expected to drive innovation and strengthen Turkcell's position in the competitive telecommunications market. The partnership with Google is a significant strategic move that could enhance Turkcell's competitive positioning and market offerings.
Turkcell Iletisim Hizmetleri AS has announced a strategic partnership with Google Cloud to establish a Google Cloud region in Türkiye. This collaboration aims to enhance digital transformation and cloud services in the region, providing local businesses with improved access to advanced technologies and solutions. The partnership with Google Cloud is a significant strategic move that could enhance Turkcell's competitive positioning and market presence.
11 Nov
Turkcell Iletisim Hizmetleri AS has signed a cooperation agreement with Google to enhance cloud technologies. This partnership aims to leverage Google's expertise in cloud services to improve Turkcell's offerings and digital transformation initiatives. The collaboration is expected to bolster Turkcell's competitive position in the telecommunications sector by integrating advanced cloud solutions into its services. The partnership with Google is a significant strategic move that could enhance Turkcell's service offerings and market position.
6 Nov
Turkcell Iletisim Hizmetleri AS (TKC) reported strong revenue growth in Q3 2025, driven by increased demand for digital services and expansion in its customer base. The company highlighted significant improvements in operational efficiency and strategic investments that contributed to its financial performance. Management expressed optimism about future growth prospects, emphasizing ongoing innovation and market expansion efforts. Strong revenue growth and strategic investments indicate a significant impact on future performance and market positioning.
Turkcell Iletisim Hizmetleri A.S. reported its third quarter 2025 results, highlighting significant growth in revenue and subscriber base. The company achieved a year-over-year increase in both mobile and fixed-line services, driven by enhanced digital offerings and strategic investments. Operating income also saw a notable rise, reflecting improved efficiency and cost management. Turkcell's focus on expanding its 5G network and digital services is expected to bolster future performance. The results indicate a positive outlook for the company amidst a competitive telecommunications landscape. Significant growth in revenue and subscriber base, along with strategic investments in 5G and digital services, are likely to impact future performance.
16 Oct
Turkcell, Turk Telekom, and Vodafone have successfully secured frequencies in Turkey's $2.95 billion 5G tender, marking a significant step in the country's telecommunications landscape. This tender is expected to enhance the capabilities of these companies in providing advanced mobile services and improve overall network infrastructure. The allocation of these frequencies is crucial for the development and deployment of 5G technology in Turkey, which is anticipated to drive innovation and competition in the market. Winning the 5G tender is a significant strategic move that could enhance competitive positioning and market dynamics for Turkcell.
15 Oct
Turkcell Iletisim Hizmetleri AS (TKC) shares fell by 6% ahead of the government's upcoming 5G frequency tender. Investors are reacting to uncertainties surrounding the tender process, which could significantly impact the competitive landscape in the telecommunications sector. The decline in stock price reflects concerns about potential challenges and the implications for Turkcell's market position as it prepares to bid for the new frequencies. The upcoming 5G frequency tender is likely to significantly impact Turkcell's competitive positioning and market performance.