Quality
Return on equity
10.3% Computed
From the FY2023 filing
ValueScreener company report
Turkcell Iletisim Hizmetleri A.S. (TKC)
Share price
5.03 USD Market dataClose of Oct 14, 2026Market capitalisation
4.38B USD Market dataClose of Oct 14, 2026- Market data
- Oct 14, 2026
- Filed accounts
- FY2023, filed May 13, 2024
- Ratios computed
- Oct 14, 2026
- Filed years
- 8, FY2016 to FY2023
Four kinds of sourceSEC filingCompany statementMarket dataComputedWhat each means
- SEC filingFiled with the SEC
- Read from a statement the company filed with the SEC, with the form, fiscal year, filing date and accession beside it.
- Company statementCompany statement
- What the company says about itself in a filing: an 8-K item, the auditor, its own segment names.
- Market dataMarket data
- Prices, market value and what analysts publish, with the date they are as of.
- ComputedComputed by ValueScreener
- Worked out by us from the other three, with the inputs and the formula one press away. A score is a research output, not a rating or a recommendation.
Reading
1 of 10
Overview
What the business is, what it costs, and how it reads on four questions.
Market dataSEC filingComputed
Four questions, at a glance
Financial strength
Debt to equity
0.71 Computed
From the FY2023 filing
Valuation
Price to earnings
17.23x Computed
FY2023 accounts, priced at the latest close
Cash generation
Free cash flow yield
12.7% Computed
FY2023 accounts, priced at the latest close
Revenue and net income, as filed
- Named tests met
- 1 of 30 Which tests
The business, and the score behind its five axes
The reading, in brief
- Is it cheap
Price to earnings is 17.23x at the close of 2026-10-14 on FY2023 figures; the lines are 15.00x (Graham's defensive ceiling) and, by market convention, 10.00x, 25.00x and 40.00x, and this sits between 15.00x and 25.00x.
Today, against the Telecommunications Services industry (31 companies), 17.23x sits at the 63rd percentile; the middle half of that group runs from 8.80x to 22.98x.
- Is it good
Return on equity was 10.3% in FY2023, in the band labelled "Ordinary" (8.0% to 15.0%), on lines anchored on Damodaran's cost-of-capital data.
Today, against the Telecommunications Services industry (46 companies), 10.3% sits at the 58th percentile; the middle half of that group runs from -3.6% to 19.5%.
- Is it safe
Interest coverage was 0.39x in FY2023, in the band labelled "Distress territory" (below 1.50x), on lines anchored on Damodaran's interest-coverage table.
- Year by year against peers
- Whether Turkcell Iletisim Hizmetleri A.S.'s return on equity stayed above the median of the Telecommunications Services industry, year by year. (FY2017 to FY2023, 7 fiscal years of Turkcell Iletisim Hizmetleri A.S. with a comparable figure)
- The direction
- Which way Turkcell Iletisim Hizmetleri A.S.'s return on equity has moved, and how steadily. (FY2016 to FY2023, 8 filed years of Turkcell Iletisim Hizmetleri A.S.)
- What could explain it
- What in Turkcell Iletisim Hizmetleri A.S.'s filed statements could explain the movements. (5 readings drawn from the statement lines Turkcell Iletisim Hizmetleri A.S. filed)
- What to check next
- What to check next on Turkcell Iletisim Hizmetleri A.S., and where in its filings. (3 questions for Turkcell Iletisim Hizmetleri A.S.)
- In one paragraph
- One paragraph on Turkcell Iletisim Hizmetleri A.S.'s returns, cash, balance sheet and price. (13 of sixteen figures read for Turkcell Iletisim Hizmetleri A.S.)
These are TKC’s filed figures. The research desk says what they mean, against peers and its own years, with what to check next.
Research TKCPart of Serious. New accounts start with 30 days of Professional, free, no card.
2 of 10
What changed
The newest filing, what it moved, and when the next one is due.
SEC filingCompany statement
The newest accounts on file are the FY2023 annual report: 20-F, filed May 13, 2024, accession 0001104659-24-060657.
3 of 10
Quality
The returns the business earns on its capital, and the margins behind them.
SEC filingComputed
| Figure | Value, source and document |
|---|---|
Return on invested capital, after taxWhy n/aThe filed income tax is outside 0 to 100% of pre-tax income (a tax benefit on a profit, a charge on a loss, or a charge above the profit), which is a one-off in the tax line and not a rate operating profit was taxed at, so after-tax operating profit is not computed. | n/a ComputedFY2023 20-F, filed May 13, 2024, 0001104659-24-060657 |
| Return on equity | 10.3% ComputedFY2023 20-F, filed May 13, 2024, 0001104659-24-060657 |
| Return on capital employed, pre-tax | 4.1% ComputedFY2023 20-F, filed May 13, 2024, 0001104659-24-060657 |
| Return on assets | 5.1% ComputedFY2023 20-F, filed May 13, 2024, 0001104659-24-060657 |
| Gross margin | 21.2% ComputedFY2023 20-F, filed May 13, 2024, 0001104659-24-060657 |
| Operating margin | 7.3% ComputedFY2023 20-F, filed May 13, 2024, 0001104659-24-060657 |
| Net margin | 11.7% ComputedFY2023 20-F, filed May 13, 2024, 0001104659-24-060657 |
TKC 11.7%
-0.5%16.2%
4 of 10
Financial strength
What it owes against what it owns, and whether it can meet what falls due.
SEC filingComputedCompany statement
| Figure | Value, source and document |
|---|---|
| Debt to equity | 0.71 ComputedFY2023 20-F, filed May 13, 2024, 0001104659-24-060657 |
| Current ratio | 1.78 ComputedFY2023 20-F, filed May 13, 2024, 0001104659-24-060657 |
| Quick ratio | 1.77 ComputedFY2023 20-F, filed May 13, 2024, 0001104659-24-060657 |
| Interest coverage | 0.39x ComputedFY2023 20-F, filed May 13, 2024, 0001104659-24-060657 |
| Altman Z-score | 2.29 ComputedClose of Oct 14, 2026 · FY2023 20-F, filed May 13, 2024, 0001104659-24-060657 |
| Net debt | 36.53B ComputedFY2023 20-F, filed May 13, 2024, 0001104659-24-060657 |
The balance sheet, line by line
Financial health
What Turkcell Iletisim Hizmetleri A.S owned and owed at the end of fiscal 2023, from the balance sheet it filed (20-F, filed May 13, 2024, 0001104659-24-060657).
| Total assets | 247.08B FiledFY2023 20-F, filed May 13, 2024 |
|---|---|
| Total liabilities | 124.85B FiledFY2023 20-F, filed May 13, 2024 |
| Shareholders' equity | 122.25B FiledFY2023 20-F, filed May 13, 2024 |
| Cash | 49.98B FiledFY2023 20-F, filed May 13, 2024 |
| Total debt | 86.51B FiledFY2023 20-F, filed May 13, 2024 |
| Net debt | 36.53B |
| Current ratio | 1.78 |
| Debt to equity | 0.71 |
Read from the filed balance sheet for each year, with the income statement of the same year supplying operating profit where a ratio needs it. Nothing here is a view on whether this company is sound.
5 of 10
Valuation context
What the market charges for it, against its own record and companies like it.
Market dataSEC filingComputed
| Figure | Value, source and document |
|---|---|
| Price to earnings | 17.23x ComputedClose of Oct 14, 2026 · FY2023 20-F, filed May 13, 2024, 0001104659-24-060657 |
P/E on trailing twelve monthsWhy n/aA trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 0 for this company. Nothing is drawn rather than a line built from fewer. | n/a ComputedClose of Oct 14, 2026 · Trailing four quarters, each as known on the day; the quarterly filings are listed under Filings |
| Price to book | 1.77x ComputedClose of Oct 14, 2026 · FY2023 20-F, filed May 13, 2024, 0001104659-24-060657 |
| Price to sales | 2.02x ComputedClose of Oct 14, 2026 · FY2023 20-F, filed May 13, 2024, 0001104659-24-060657 |
| Enterprise value to EBIT | 32.37x ComputedClose of Oct 14, 2026 · FY2023 20-F, filed May 13, 2024, 0001104659-24-060657 |
| Enterprise value to EBITDA | 6.47x ComputedClose of Oct 14, 2026 · FY2023 20-F, filed May 13, 2024, 0001104659-24-060657 |
Price to earnings over growthWhy n/aWe do not hold this figure for this company, so there is nothing to show. | n/a ComputedClose of Oct 14, 2026 · FY2023 20-F, filed May 13, 2024, 0001104659-24-060657 |
Diluted earnings per shareWhy n/aThe FY2023 filing carries no diluted earnings per share we could read. | n/a FiledFY2023 20-F, filed May 13, 2024, 0001104659-24-060657 |
Graham numberWhy n/aWe do not hold this figure for this company, so there is nothing to show. | n/a ComputedFY2023 20-F, filed May 13, 2024, 0001104659-24-060657 |
We publish no fair value or price target of our own. Value TKC on your own assumptions in the DCF workbench, starting from the filed figures.
Its own record, and companies like it
Valuation
What the market charges for Turkcell Iletisim Hizmetleri A.S today, and the multiples it has carried. No value of ours: the figures are the filings’ and the market’s.
| Share price | 5.03 USD |
|---|---|
| Market capitalisation | 4.38B USD |
| Enterprise value to EBITDA | 6.47x |
| Graham number | n/a |
| Diluted earnings per share | n/a |
Price to earnings on trailing twelve months: A trailing figure needs 4 filed quarters with the dates they were filed on, and we hold 0 for this company. Nothing is drawn rather than a line built from fewer.
Companies like Turkcell Iletisim Hizmetleri A.S
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- Telephone and Data Systems, Inc. (TDS)Market cap 3.61B USD
Same industry (Telecommunications Services) and size band (Mid, 2B to 10B), nearest in market value, net margin and current ratio. Each of those counts equally, by how many of the companies considered sit between the two on it. Closest first: the order is likeness and nothing else.
6 of 10
Cash generation
Whether profit arrives as cash, and what is paid back to shareholders.
SEC filingComputed
| Figure | Value, source and document |
|---|---|
| Free cash flow yield | 12.7% ComputedClose of Oct 14, 2026 · FY2023 20-F, filed May 13, 2024, 0001104659-24-060657 |
| Free cash flow | 27.50B TRY ComputedFY2023 20-F, filed May 13, 2024, 0001104659-24-060657 |
| Free cash flow margin | 25.7% ComputedFY2023 20-F, filed May 13, 2024, 0001104659-24-060657 |
Dividend yieldWhy n/aWe do not hold this figure for this company, so there is nothing to show. | n/a ComputedClose of Oct 14, 2026 · FY2023 20-F, filed May 13, 2024, 0001104659-24-060657 |
Payout ratioWhy n/aWe do not hold this figure for this company, so there is nothing to show. | n/a ComputedFY2023 20-F, filed May 13, 2024, 0001104659-24-060657 |
7 of 10
Filings
Every figure, the year it is for and the document it was read from.
SEC filing
The filed figures
Computed from the accounts this company filed with the SEC and, in a ratio with a price in it, the last close, dated on this page. Every filed figure below carries the fiscal year and the filing date its accounts were read from, and every blank carries the reason it is blank. Nothing here is a view on this company.
| Figure | Value | Year | As of |
|---|---|---|---|
| 17.23x | FY2023 | Oct 14, 2026 | |
FormulaShare price / earnings per share. Where the filing states no earnings per share this listing can be priced on, which is every 20-F and 40-F filer because theirs is stated per ordinary share, it is market capitalisation / net income: the same multiple, undiluted. As ofThe close on Oct 14, 2026, over the filed figures of FY2023: a price is in this figure, and it moved after the filing. Form20-FFiledMay 13, 2024PeriodFY2023Accession0001104659-24-060657What we read from itIncome statementFY2023Open on SEC.gov, accession 0001104659-24-060657, leaves this page and opens in a new tab | |||
| 1.77x | FY2023 | Oct 14, 2026 | |
FormulaMarket capitalisation / shareholders equity As ofThe close on Oct 14, 2026, over the filed figures of FY2023: a price is in this figure, and it moved after the filing. Form20-FFiledMay 13, 2024PeriodFY2023Accession0001104659-24-060657What we read from itBalance sheetFY2023Open on SEC.gov, accession 0001104659-24-060657, leaves this page and opens in a new tab | |||
| 32.37x | FY2023 | Oct 14, 2026 | |
Formula(Market capitalisation + total debt - cash) / operating income, or over the filing's own EBIT (income before tax + interest expense) where the filer tags no operating line, as Johnson & Johnson does not in any of its ten filed years. As ofThe close on Oct 14, 2026, over the filed figures of FY2023: a price is in this figure, and it moved after the filing. Form20-FFiledMay 13, 2024PeriodFY2023Accession0001104659-24-060657What we read from itIncome statementFY2023Open on SEC.gov, accession 0001104659-24-060657, leaves this page and opens in a new tabForm20-FFiledMay 13, 2024PeriodFY2023Accession0001104659-24-060657What we read from itBalance sheetFY2023Open on SEC.gov, accession 0001104659-24-060657, leaves this page and opens in a new tab | |||
| 12.7% | FY2023 | Oct 14, 2026 | |
FormulaFree cash flow per share / share price x 100 As ofThe close on Oct 14, 2026, over the filed figures of FY2023: a price is in this figure, and it moved after the filing. Form20-FFiledMay 13, 2024PeriodFY2023Accession0001104659-24-060657What we read from itCash flow statementFY2023Open on SEC.gov, accession 0001104659-24-060657, leaves this page and opens in a new tab | |||
| n/a | FY2023 | May 13, 2024 | |
| n/a The filed income tax is outside 0 to 100% of pre-tax income (a tax benefit on a profit, a charge on a loss, or a charge above the profit), which is a one-off in the tax line and not a rate operating profit was taxed at, so after-tax operating profit is not computed. | |||
FormulaVendor trailing-twelve-month return on invested capital where one is published, which uses after-tax operating profit over total assets less current liabilities. Otherwise our own recompute: NOPAT / (shareholders equity + total debt - cash) x 100, where NOPAT is the filed operating profit after tax, or the filing's own EBIT after tax where the filer tags no operating line. As ofThe filing date of the statements below, for FY2023. Form20-FFiledMay 13, 2024PeriodFY2023Accession0001104659-24-060657What we read from itIncome statementFY2023Open on SEC.gov, accession 0001104659-24-060657, leaves this page and opens in a new tabForm20-FFiledMay 13, 2024PeriodFY2023Accession0001104659-24-060657What we read from itBalance sheetFY2023Open on SEC.gov, accession 0001104659-24-060657, leaves this page and opens in a new tab | |||
| n/a | FY2023 | Oct 14, 2026 | |
| n/a The filed cash flow statement reports no dividend paid at all. That is not the same as a filed zero, and we will not read it as one. | |||
FormulaCommon dividends paid in the latest filed year / market capitalisation x 100. n/a where the filing cannot support it: a special or first-year payment, a total that mixes preferred dividends, or a cash-flow statement over 15 months old. As ofThe close on Oct 14, 2026, over the filed figures of FY2023: a price is in this figure, and it moved after the filing. Form20-FFiledMay 13, 2024PeriodFY2023Accession0001104659-24-060657What we read from itCash flow statementFY2023Open on SEC.gov, accession 0001104659-24-060657, leaves this page and opens in a new tab | |||
| 0.71 | FY2023 | May 13, 2024 | |
FormulaTotal debt / shareholders equity As ofThe filing date of the statements below, for FY2023. Form20-FFiledMay 13, 2024PeriodFY2023Accession0001104659-24-060657What we read from itBalance sheetFY2023Open on SEC.gov, accession 0001104659-24-060657, leaves this page and opens in a new tab | |||
| 1.78 | FY2023 | May 13, 2024 | |
FormulaCurrent assets / current liabilities As ofThe filing date of the statements below, for FY2023. Form20-FFiledMay 13, 2024PeriodFY2023Accession0001104659-24-060657What we read from itBalance sheetFY2023Open on SEC.gov, accession 0001104659-24-060657, leaves this page and opens in a new tab | |||
| 2.02x | FY2023 | Oct 14, 2026 | |
FormulaMarket capitalisation / revenue As ofThe close on Oct 14, 2026, over the filed figures of FY2023: a price is in this figure, and it moved after the filing. Form20-FFiledMay 13, 2024PeriodFY2023Accession0001104659-24-060657What we read from itIncome statementFY2023Open on SEC.gov, accession 0001104659-24-060657, leaves this page and opens in a new tab | |||
| n/a | FY2023 | Oct 14, 2026 | |
| n/a The filed income statement reports no earnings per share. | |||
FormulaPrice to earnings / the annual earnings growth rate, in percentage points As ofThe close on Oct 14, 2026, over the filed figures of FY2023: a price is in this figure, and it moved after the filing. Form20-FFiledMay 13, 2024PeriodFY2023Accession0001104659-24-060657What we read from itIncome statementFY2023Open on SEC.gov, accession 0001104659-24-060657, leaves this page and opens in a new tab | |||
| 2.29 | FY2023 | Oct 14, 2026 | |
Formula1.2 x working capital/assets + 1.4 x retained earnings/assets + 3.3 x EBIT/assets + 0.6 x market value of equity/total liabilities + 1.0 x revenue/assets As ofThe close on Oct 14, 2026, over the filed figures of FY2023: a price is in this figure, and it moved after the filing. Form20-FFiledMay 13, 2024PeriodFY2023Accession0001104659-24-060657What we read from itIncome statementFY2023Open on SEC.gov, accession 0001104659-24-060657, leaves this page and opens in a new tabForm20-FFiledMay 13, 2024PeriodFY2023Accession0001104659-24-060657What we read from itBalance sheetFY2023Open on SEC.gov, accession 0001104659-24-060657, leaves this page and opens in a new tab | |||
| -3.17 | FY2023 | May 13, 2024 | |
FormulaAn eight-variable index of year-on-year changes in receivables, gross margin, asset quality, revenue, depreciation, overheads, leverage and accruals As ofThe filing date of the statements below, for FY2023. Form20-FFiledMay 13, 2024PeriodFY2023Accession0001104659-24-060657What we read from itIncome statementFY2023Open on SEC.gov, accession 0001104659-24-060657, leaves this page and opens in a new tabForm20-FFiledMay 13, 2024PeriodFY2023Accession0001104659-24-060657What we read from itBalance sheetFY2023Open on SEC.gov, accession 0001104659-24-060657, leaves this page and opens in a new tabForm20-FFiledMay 13, 2024PeriodFY2023Accession0001104659-24-060657What we read from itCash flow statementFY2023Open on SEC.gov, accession 0001104659-24-060657, leaves this page and opens in a new tab | |||
| 8/9 | FY2023 | May 13, 2024 | |
FormulaOne point each for: positive return on assets, positive operating cash flow, rising return on assets, operating cash flow above net income, falling leverage, rising current ratio, no new shares issued, rising gross margin, rising asset turnover. As ofThe filing date of the statements below, for FY2023. Form20-FFiledMay 13, 2024PeriodFY2023Accession0001104659-24-060657What we read from itIncome statementFY2023Open on SEC.gov, accession 0001104659-24-060657, leaves this page and opens in a new tabForm20-FFiledMay 13, 2024PeriodFY2023Accession0001104659-24-060657What we read from itBalance sheetFY2023Open on SEC.gov, accession 0001104659-24-060657, leaves this page and opens in a new tabForm20-FFiledMay 13, 2024PeriodFY2023Accession0001104659-24-060657What we read from itCash flow statementFY2023Open on SEC.gov, accession 0001104659-24-060657, leaves this page and opens in a new tab | |||
The figures are computed from the accounts for fiscal 2023, the newest full year on file. 8 filed fiscal years on record, FY2016 to FY2023, from SEC EDGAR. Prices as of Oct 14, 2026. Ratios recomputed Oct 14, 2026. Two facts, because a recompute is not a fresh quote.
The year and the filing date name the statement each figure’s accounts are read from, and they stand even where the figure itself could not be computed: the line beneath a blank says what that statement did not carry. A figure’s name opens its formula and the filings behind it; a statement that names no SEC filing has no filing date, and reads n/a.
Ten years of filed figures, year by year
Ten years of filed figures
8 filed fiscal years, FY2016 to FY2023, read from the annual reports Turkcell Iletisim Hizmetleri A.S filed with the SEC. Each year names its filing. Amounts in TRY, as filed.
| Year | Revenue | Operating income | Net income | EPS, diluted | Free cash flow | Operating margin | Return on equity | Filing |
|---|---|---|---|---|---|---|---|---|
| FY2023 | 107.12B | 7.81B | 12.55B | n/a | 27.50B | 7.3% | 10.3% | 20-F, May 13, 20240001104659-24-060657 |
| FY2022 | 93.49B | 2.95B | 6.88B | n/a | 26.90B | 3.2% | 6.3% | 20-F, Apr 27, 20230001104659-23-051268 |
| FY2021 | 108.60B | 12.10B | 7.14B | n/a | 43.59B | 11.1% | 10.9% | 20-F, Apr 14, 20220001104659-22-046077 |
| FY2020 | 69.50B | 8.99B | 4.50B | n/a | 12.52B | 12.9% | 21.7% | 20-F, Apr 26, 20210001047469-21-001028 |
| FY2019 | 25.14B | 5.03B | 3.25B | n/a | 5.83B | 20.0% | 18.0% | 20-F, Apr 2, 20200001193125-20-094879 |
| FY2018 | 21.29B | 4.36B | 2.02B | n/a | 2.87B | 20.5% | 12.7% | 20-F, Mar 15, 20190001193125-19-076871 |
| FY2017 | 17.63B | 2.93B | 1.98B | n/a | 164.1M | 16.6% | 13.2% | 20-F, Mar 22, 20180001193125-18-092288 |
| FY2016 | 14.29B | 2.18B | 1.49B | n/a | -1.97B | 15.3% | 9.3% | 20-F, Mar 22, 20180001193125-18-092288 |
- Revenue, compound annual growth FY2016 to FY2023: 33.4%
- Earnings, compound annual growth FY2016 to FY2023: 35.6%
- Earnings per share: Fewer than two filed years carry earnings per share.
- Free cash flow: Free cash flow was not positive in both 2016 and 2023, so a compound rate across the window is not defined. Both figures are in the table.
Every figure in this section is a line of a filed annual statement or a ratio of two of them. Nothing here is estimated or smoothed. Earnings per share filed before a share split are put on today's share count, and say so. Nothing here is a verdict on the company.
8 of 10
Risks and guardrails
The accounting screens, the published tests, and the lines you can set to be told.
ComputedCompany statement
| Figure | Value, source and document |
|---|---|
| Beneish M-score | -3.17 ComputedFY2023 20-F, filed May 13, 2024, 0001104659-24-060657 |
| Piotroski F-score | 8/9 ComputedFY2023 20-F, filed May 13, 2024, 0001104659-24-060657 |
| Named tests met | 1 of 30 Computed |
| Beta | 0.49 ComputedClose of Oct 14, 2026 |
The named tests
Of 30 tests value investors published: 1 met, 21 not met, 8 we could not complete. Counts, never a score: a single figure would have to decide that meeting one investor’s criteria and meeting another’s are worth the same.
Which tests, by name(all 30)
- Meets
- Owner earnings yield
- Does not
- Defensive investor (Benjamin Graham); Deep value; Large cap, low P/E; Earnings yield and ROIC (Joel Greenblatt); High F-score, low P/B (Joseph Piotroski); Three forensic scores; Low PEG, low debt (Peter Lynch); High returns and growth; Gross margin, turnover (Robert Novy-Marx); EV/EBITDA and coverage; Low beta, profitable; Z-score and coverage (Edward Altman); Two thirds of NCAV (Benjamin Graham); High returns, low debt; High return on tangibles; Low P/S, rising earnings (James O'Shaughnessy); Book or below, low debt (Walter Schloss); Tangible book or below; Cheapest quarter on P/E (David Dreman); Cheapest quarter on P/B (David Dreman); Low P/E, growth, yield (John Neff)
- Not measured
- High yield, low payout; Dividends and buybacks; ROIC at or above WACC; Near the 52-week low; P/E times P/B (Benjamin Graham); Cash-covered dividend; Cash-flow yield and ROIC; Clean books, high ROIC. A test with a figure we could not read is incomplete, never met and never failed.
Figures we could not read(11)
- Positive Earnings Streak: The latest filed year has no per-share earnings we can read; the test needs 10.
- Return on Invested Capital: The filed income tax is outside 0 to 100% of pre-tax income (a tax benefit on a profit, a charge on a loss, or a charge above the profit), which is a one-off in the tax line and not a rate operating profit was taxed at, so after-tax operating profit is not computed.
- PEG Ratio: We do not hold this figure for this company, so there is nothing to show.
- Eps Growth 5Y: We do not hold this figure for this company, so there is nothing to show.
- Dividend Yield: We do not hold this figure for this company, so there is nothing to show.
- Payout Ratio: We do not hold this figure for this company, so there is nothing to show.
- Share Count Change Yoy: We do not hold this figure for this company, so there is nothing to show.
- ROIC-WACC Spread: We do not hold this figure for this company, so there is nothing to show.
- Price To Graham: We do not hold this figure for this company, so there is nothing to show.
- Dividend Coverage Ratio: We do not hold this figure for this company, so there is nothing to show.
- Dividend Streak: We do not hold this figure for this company, so there is nothing to show.
9 of 10
Declared positions
Whether anybody here owns this company.
Positions declared by Javier Sanz Alvarez: no holding in any company shown here, as of October 3, 2026.
10 of 10
Next step
What to do with what you have read.
A thesis is your reason for owning it, in your words, with the figures that must stay true. Checking those figures every night against the newest filed accounts, and telling you once when one breaks, is what the subscription adds.
What this cannot tell you
- 11 figures could not be read on this company, among them Positive Earnings Streak, Return on Invested Capital, PEG Ratio. Each blank in the table above names the rest, with its reason. 8 named tests come back incomplete because of them, which is neither met nor missed.
- We hold 8 filed fiscal years rather than 10, so the run above is shorter than a full decade and is counted as what it is.
And the one that is true of all of it: This is what the numbers say today. It cannot tell you the day one of them stops being true. Nothing here can, because the reasons are not written down.
Running this once is arithmetic on public documents and you are welcome to it. Writing down why you own each company, in your own words and with the numbers that have to stay true for it to hold, and then having those numbers re-checked every night against the newest filed accounts, and against the latest close where a rule watches a price, is Professional, the plan a new account starts on for 30 days, one trial per person. It writes to you the day one breaks, and stays quiet when nothing does. The check runs every night at 23:30 UTC. A filing is picked up the night after it is published.
No card. 30 free days, and nothing is charged unless you choose a plan.
ValueScreener · valuescreener.ai · Computed from accounts filed with the SEC by this company, read from EDGAR, and from dated closing prices. On this page a filed figure opens into its formula, its inputs and the statement, fiscal year and filing date it was read from, and a price into the day of its close. A figure that cannot show that trail says so.
A computation on accounts filed with the SEC, not a recommendation and not advice. Past filings do not indicate future results. Risk disclaimer.