Formul Plastik A.S.(FRMPL TI)

$17.98-0.191.05%(Market Closed · 15:09:58 UTC · (15 min delay))

Summary

Formul Plastik A.S. designs, manufactures, and sells pipes and fittings in Turkey and internationally. The company offers PP-R pipes and fittings, PPRCT pipes, PVC pipes and fittings, silent PP pipes and fittings, PE-RT pipes, and accessories, as well as brass inserts and fittings. Formul Plastik A.S. was founded in 1990 and is based in Istanbul, Turkey.

Website

www.formul.com.tr

Location

Istanbul, IB, TR

Phone90 212 876 12 60

Employees433

CEOHüseyin Güner

Sector

Industrials

IndustryManufacturing - Miscellaneous

IPO DateMay 13, 2011

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Company overview

Business model, segments, and competition.

Peer comparison

Metrics vs closest competitors.

Guidance & outlook

Forward guidance and assumptions.

Bull vs bear case

Upside drivers and key risks.

Valuation snapshot

Multiples vs history and peers.

Competitive moat

Defensibility and market position.

Management track record

Leadership and capital allocation history.

Key Stats

Trading

Px/Chg 1D$24.36 / +0.41%

Prev Close$33.60

% of 52Wk H58.58%

Avg Volume7.63M

BetaN/A

Mkt Cap3.90B

FD Mkt Cap5.22B

Float

Shrs Out/Float160.00M / 40.00M

Short Float0.00%

Days to Cover0.00

Stock Repurchased$0.00

Current Valuation

EV3.86B

EV/EBITDA0.00

EV/Sales0.00

P/B0.98

P/S0.00

FCF Yield0.72%

ROE2.72%

ROA1.76%

Current Ratio2.17

Estimates

P/E0.00

Est P/EN/A

Est EPSN/A

Est PEGN/A

Valuation

Metric	5Yr Avg	Jun '26	Oct '26
PRICE-BASED RATIOS
Price / Earnings	35.87	35.62	36.13
Price / Sales	2.96	1.61	4.32
Price / Book Value	1.74	2.51	0.98
Price / Free Cash Flow	69.60	0.00	139.20
ENTERPRISE VALUE METRICS
Enterprise Value	5,239.2	6,620.8	3,857.5
Enterprise Value / Sales	3.07	1.87	4.27
Enterprise Value / EBITDA	18.17	16.71	19.62
Enterprise Value / EBIT	20.58	17.29	23.87

Financials

Full Financials

Millions TRY	5Yr CAGR (%)	Dec '22	Dec '23	Dec '24
INCOME STATEMENT
Revenue	-5.2%	3,934.9	3,494.3	3,539.2
Gross Income	-8.5%	1,105.4	1,092.8	924.9
EBITDA	-25.3%	709.7	572.2	396.2
EBIT	-26%	700.1	560.8	383.0
Net Income	-26.6%	296.8	295.5	159.8
EPS (Diluted)	-26.7%	1.86	1.85	1.00
BALANCE SHEET
Cash & ST Inv	-44.6%	122.8	65.7	37.6
Total Assets	-95.7%	3,613.8	3,539.3	3,545.0
Total Liabilities	-14.5%	1,892.3	1,520.0	1,383.9
Total Shareholder Equity	12%	1,721.6	2,019.3	2,161.1

Enterprise Value Bridge

Millions TRY		23 Oct '26
Price (As of 23 Oct '26)		17.03
Basic Shares		160.00
Market Cap		2,724.8
Diluted Shares		159.99
Fully Diluted Shares Outstanding		159.99
Fully Diluted Market Cap		2,724.6
+Consolidated Debt		524.3
−In-the-Money Convertible Debt		—
+Capital Leases		5.7
+Operating Leases		—
−Cash & Equivalents		-564.4
−Short-term Investments		-
+Total Preferred		-
−In-the-Money Convertible Preferred		—
−Investments in Unconsolidated Subs		—
+Non-Controlling Interest		-
+Pension Liabilities		—
Enterprise Value		2,684.7

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