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v0.1
NETCD.IS$174.30+0.00%
Fair $174.30+0.0%

NETCD.IS

Netcad Yazilim Anonim Sirketi

Technology / Software - ApplicationIstanbul

$174.30

+0.00 (+0.00%)

Fairly Valued+0.0%Fair Value $174.30Fund rank 38/100 · Data gapFallback financials|
SA 58/C
F-Score: 7/9

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 23% · confianza 25%

FCF escenarios

weak_data · normalized FCF $473.1M · quality 80.0/100

Data gap 38/100
Bear 5Yn/dn/d
Base 5Yn/dn/d
Bull 5Yn/dn/d
Return 0/100Downside 20/100Model quality 85/100Data 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

58/100

C

Piotroski

7/9

balance/quality

Valuation

50/100

+0.0% upside

5Y CAGR

+0.0%

50/100

Data QA

12/100

SEC 0%

Latest source: unknownPeriods: 3Warnings: 0unknown: 3
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.
Thesis & Journal · NETCD.ISLocal privado en este navegador · Netcad Yazilim Anonim Sirketi
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

$23.9B

P/E

32.3x

↑

EV/EBITDA

35.2x

↑

ROE

29.5%

↑

Gross Margin

91.2%

↑

Debt/Equity

0.03

↓
52-Week Range$174
$51$184

TradingView lightweight chart

NETCD.IS price, volumen y niveles de valoración

Último $158.50Periodo +213.2%
Fair value: $174.30

Price & Ratios

Absolute Values (Left Axis)

Ratios / Percentages (Right Axis)

Financial statement dashboard

Crecimiento, márgenes y provenance

2022–2024 · 2 años de histórico normalizado

Revenue CAGR

+18.1%

FCF CAGR

+12.8%

FCF margin

53.5%

FCF / Net income

1.03x

Latest source

Provider fallback

Margin decomposition

Último año: revenue $1.13B · net income $582.4M · FCF $602.1M

2022-FY → 2024-FY

Gross margin

91.2%+6.3% pts

Operating margin

64.2%+24.5% pts

Net margin

51.7%+17.6% pts

FCF margin

53.5%-5.2% pts
MetricTTM
2024
2023
2022
Income Statement
Revenue$1.13B$1.13B$887.8M$806.4M
Net Income$582.4M$582.4M$266.6M$275.1M
EBITDA$675.0M$675.0M$404.5M$400.6M
EPS4.254.251.952.01
Gross Margin91.2%91.2%89.6%84.8%
Operating Margin64.2%64.2%49.2%39.7%
Net Margin51.7%51.7%30.0%34.1%
Balance Sheet
Debt/Equity0.030.030.090.25
Current Ratio6.136.13——
Cash Flow
Free Cash Flow$602.1M$602.1M$282.1M$473.1M
Returns
ROE29.5%29.5%18.9%23.9%
Valuation
P/E32.3432.34——
EV/EBITDA35.2035.20——
P/B12.0812.08——
Growth & Yield
Revenue Growth26.8%26.8%10.1%—
EPS Growth118.5%118.5%-3.1%—
Dividend Yield2.8%2.8%——

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

53.8%

muy exigente

EPS terminal req.

$15.47

Spread vs growth

64.7%

5Y implied EPS CAGR

34.5%

muy exigente

EPS terminal req.

$18.71

Spread vs growth

84.0%

10Y implied EPS CAGR

21.6%

exigente

EPS terminal req.

$30.14

Spread vs growth

96.8%

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 · available periodreconcilia total +216.0%

Total return

+216.0%

Start / end P/E

26.0x → 37.3x

EPS bridge

1.95 → 4.25

Residual

+51.4%

EPS growth+118.5%
Multiple rerating+43.4%
Dividend+2.8%
Residual / FX / buybacks / cross-term+51.4%

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.