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MARTI.IS$2.02+4.15%
Fair $2.02+0.0%

MARTI.IS

Marti Otel Isletmeleri A.S.

Consumer Cyclical / LodgingIstanbul

$2.02

+0.08 (+4.15%)

Fairly Valued+0.0%Fair Value $2.02Fund rank 23/100 · Data gapFallback financials|
SA 34/D
F-Score: 6/9
Low Profitability

FCF base 3Y

n/d

n/d CAGR · yield n/d

FCF base 5Y

n/d

n/d base · n/d expected

Precio de entrada

n/d

MOS 34% · confianza 19%

FCF escenarios

weak_data · normalized FCF $-432.5M · quality 48.3/100

Data gap 23/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 15/100Data QA 20/100

Ranking barato/determinista: CAGR esperado 5Y + downside bear + calidad del modelo + balance + capital allocation + data gate. No entra en buy-candidate si la data es débil o el CAGR 5Y no compensa.

Quality + valuation scorecard

SA Score

34/100

D

Piotroski

6/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

16/100

SEC 0%

Latest source: unknownPeriods: 4Warnings: 1unknown: 4
No SEC-backed annual rows; valuation uses fallback financial data. Insufficient audited annual history (<3 SEC-backed years); composite fair value and forward targets are disabled until manually verified. ROE is 4.9%, below the 5% threshold
Thesis & Journal · MARTI.ISLocal privado en este navegador · Marti Otel Isletmeleri A.S.
Plantilla tipo buy-side: tesis, bull/base/bear, catalizadores, riesgos, kill criteria y fecha de revisión. Esto no gasta GPT-5.5; luego lo usamos como contexto del memo.

Sin guardar todavía.

Market Cap

$3.0B

P/E

101.0x

↑

EV/EBITDA

10.4x

↑

ROE

4.9%

↓

Gross Margin

24.9%

↓

Debt/Equity

0.97

↑
52-Week Range$2
$1$5

TradingView lightweight chart

MARTI.IS price, volumen y niveles de valoración

Último $2.010Periodo +160.1%
Fair value: $2.020

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2025 · 3 años de histórico normalizado

Revenue CAGR

+105.1%

FCF CAGR

—

FCF margin

-37.9%

FCF / Net income

-1.89x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $1.14B · net income $228.9M · FCF $-432.5M

2022-FY → 2025-FY

Gross margin

24.9%-8.4% pts

Operating margin

-6.5%+35.8% pts

Net margin

20.0%+10.8% pts

FCF margin

-37.9%+175.0% pts
MetricTTM
2025
2024
2023
2022
Income Statement
Revenue$1.14B$1.14B$623.9M$359.9M$132.5M
Net Income$228.9M$228.9M$-334.5M$704174.00$12.2M
EBITDA$616.2M$616.2M$-113.5M$249.5M$37.6M
EPS0.240.24-0.36—0.04
Gross Margin24.9%24.9%20.6%35.5%33.3%
Operating Margin-6.5%-6.5%-24.5%-4.0%-42.3%
Net Margin20.0%20.0%-53.6%0.2%9.2%
Balance Sheet
Debt/Equity0.970.971.061.5054.43
Current Ratio0.360.36———
Cash Flow
Free Cash Flow$-432.5M$-432.5M$-1.58B$-274.5M$-282.0M
Returns
ROE4.9%4.9%-9.4%0.0%36.5%
Valuation
P/E101.00101.00——31.00
EV/EBITDA10.4010.40—22.5857.78
P/B0.410.411.182.1411.31
Growth & Yield
Revenue Growth83.2%83.2%73.3%171.7%—
EPS Growth167.9%167.9%———

Revenue, Net Income & Free Cash Flow ($B)

Margins (%)

Returns (%)

Leverage & Liquidity

Reverse DCF · market-implied EPS growthterminal P/E 15.0x · COE 10.0%

3Y implied EPS CAGR

-9.8%

fácil

EPS terminal req.

$0.18

Spread vs growth

177.6%

5Y implied EPS CAGR

-2.3%

fácil

EPS terminal req.

$0.22

Spread vs growth

170.2%

10Y implied EPS CAGR

3.7%

fácil

EPS terminal req.

$0.35

Spread vs growth

164.2%

Qué te dice: cuánto EPS CAGR está descontando el precio si sales al múltiplo terminal indicado. Si el growth observado queda por debajo, el mercado está pidiendo una ejecución muy fina.

Return attribution · 1Y approxreconcilia total -30.0%

Total return

-30.0%

Start / end P/E

n/dx → n/dx

EPS bridge

-0.36 → 0.24

Residual

-30.0%

EPS growthn/d
Multiple reratingn/d
Dividend+0.0%
Residual / FX / buybacks / cross-term-30.0%

EPS/multiple decomposition requires positive EPS at both endpoints; residual absorbs price move not explained by dividends.

Simple additive decomposition: total return = EPS growth contribution + P/E multiple contribution + dividend contribution + explicit residual. The residual captures cross-terms, buybacks/share-count effects, FX, special dividends, data noise and methodology mismatch so the bridge always reconciles.