Ulker Biskuvi Sanayi AS
IST:ULKER.E

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Ulker Biskuvi Sanayi AS Logo
Ulker Biskuvi Sanayi AS
IST:ULKER.E
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Price: 122 TRY -0.65% Market Closed
Market Cap: ₺45.1B

P/E

9.2
Current
49%
More Expensive
vs 3-y average of 6.2

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
9.2
=
Market Cap
₺40.3B
/
Net Income
₺4.9B

Price to Earnings (P/E) ratio shows how much investors pay for each dollar of a company`s earnings. It`s calculated by dividing the company`s market value by its total earnings.

P/E
9.2
=
Market Cap
₺40.3B
/
Net Income
₺4.9B

Valuation Scenarios

Ulker Biskuvi Sanayi AS is trading above its 3-year average

If P/E returns to its 3-Year Average (6.2), the stock would be worth ₺81.79 (33% downside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-48%
Maximum Upside
+97%
Average Upside
27%
Scenario P/E Value Implied Price Upside/Downside
Current Multiple 9.2 ₺122
0%
3-Year Average 6.2 ₺81.79
-33%
5-Year Average 4.8 ₺62.84
-48%
Industry Average 17.7 ₺233.84
+92%
Country Average 18.2 ₺240.45
+97%

Forward P/E
Today’s price vs future net income

Today's Market Cap Net Income Forward P/E
₺40.3B
/
Jan 2026
₺4.9B
=
9.2
Current
₺40.3B
/
Dec 2026
₺10.3B
=
3.9
Forward
₺40.3B
/
Dec 2027
₺13.2B
=
3
Forward
₺40.3B
/
Dec 2028
₺18.3B
=
2.2
Forward

Forward P/E shows whether today’s P/E still looks high or low once future net income are taken into account.

Market Distribution

Lower than 75% of companies in Turkey
Percentile
25th
Based on 280 companies
25th percentile
9.2
Low
1.1 — 9.8
Typical Range
9.8 — 35
High
35 —
Distribution Statistics
Turkey
Min 1.1
30th Percentile 9.8
Median 18.2
70th Percentile 35
Max 35 784.1

Ulker Biskuvi Sanayi AS
Glance View

Market Cap
45.1B TRY
Industry
Food Products

In the bustling city of Istanbul, Ulker Biskuvi Sanayi AS has carved out a delicious legacy, emerging as a symbol of Turkey's rich confectionery tradition. Founded in 1944, the company started with humble beginnings, crafting biscuits from a modest factory. Over the decades, it has grown into a diverse purveyor of snacks, biscuits, chocolates, and confectionery items. With a keen focus on quality and taste, Ulker has captivated the palates of millions, leveraging nostalgic flavors and innovative recipes that echo its roots while embracing modern trends. Its strong brand identity is bolstered by continual investments in state-of-the-art production facilities and an agile supply chain that efficiently caters to a global market. Ulker's business model thrives on its ability to balance traditional craftsmanship with mass production efficiencies, ensuring affordability without compromising on quality. One of its core strengths lies in its diverse distribution network, which extends from local shops in Turkey to international markets, driving substantial revenue growth. By expanding its product lineup and adapting to regional tastes, Ulker has successfully captured significant market share across the Middle East, Europe, and beyond. Moreover, as part of the larger Yildiz Holding, the company capitalizes on synergies and economies of scale, enhancing its competitive edge in a global landscape where consumer preferences are constantly evolving. In this sweet symphony of operations, Ulker remains a cherished staple in households, intertwining business acumen with the simple joy of a well-baked biscuit.

ULKER.E Intrinsic Value
198.66 TRY
Undervaluation 39%
Intrinsic Value
Price ₺122
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