D-MARKET ELECTRONIC SERV-ADR (HEPS) Stock Fundamental Analysis

USA • Nasdaq • NASDAQ:HEPS • US23292B1044

2.68 USD
+0.08 (+2.88%)
Last: Feb 6, 2026, 08:00 PM
Fundamental Rating

3

HEPS gets a fundamental rating of 3 out of 10. The analysis compared the fundamentals against 30 industry peers in the Broadline Retail industry. Both the profitability and financial health of HEPS have multiple concerns. HEPS is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

1

1. Profitability

1.1 Basic Checks

  • In the past year HEPS has reported negative net income.
  • HEPS had a positive operating cash flow in the past year.
  • HEPS had negative earnings in 4 of the past 5 years.
  • Of the past 5 years HEPS 4 years had a positive operating cash flow.
HEPS Yearly Net Income VS EBIT VS OCF VS FCFHEPS Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2018 2019 2020 2021 2022 2023 2024 0 2B -2B 4B 6B

1.2 Ratios

  • Looking at the Return On Assets, with a value of -9.54%, HEPS is doing worse than 73.33% of the companies in the same industry.
  • HEPS has a Return On Equity of -362.80%. This is amonst the worse of the industry: HEPS underperforms 83.33% of its industry peers.
Industry RankSector Rank
ROA -9.54%
ROE -362.8%
ROIC N/A
ROA(3y)-8.33%
ROA(5y)-12.85%
ROE(3y)-47%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
HEPS Yearly ROA, ROE, ROICHEPS Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2018 2019 2020 2021 2022 2023 2024 0 50 -50

1.3 Margins

  • HEPS's Operating Margin has declined in the last couple of years.
  • HEPS has a Gross Margin of 37.33%. This is in the lower half of the industry: HEPS underperforms 73.33% of its industry peers.
  • HEPS's Gross Margin has improved in the last couple of years.
  • The Profit Margin and Operating Margin are not available for HEPS so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 37.33%
OM growth 3YN/A
OM growth 5Y-32.07%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y20.18%
GM growth 5Y5.22%
HEPS Yearly Profit, Operating, Gross MarginsHEPS Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2018 2019 2020 2021 2022 2023 2024 0 20 -20

More info and screens

ROAROEROICOperating and Profit MarginShow most profitable peers

3

2. Health

2.1 Basic Checks

  • HEPS does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • Compared to 1 year ago, HEPS has more shares outstanding
  • HEPS has about the same amout of shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, HEPS has a worse debt to assets ratio.
HEPS Yearly Shares OutstandingHEPS Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 100M 200M 300M
HEPS Yearly Total Debt VS Total AssetsHEPS Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B 25B

2.2 Solvency

  • Based on the Altman-Z score of 1.50, we must say that HEPS is in the distress zone and has some risk of bankruptcy.
  • HEPS has a Altman-Z score of 1.50. This is comparable to the rest of the industry: HEPS outperforms 46.67% of its industry peers.
  • HEPS has a debt to FCF ratio of 0.41. This is a very positive value and a sign of high solvency as it would only need 0.41 years to pay back of all of its debts.
  • With an excellent Debt to FCF ratio value of 0.41, HEPS belongs to the best of the industry, outperforming 90.00% of the companies in the same industry.
  • HEPS has a Debt/Equity ratio of 2.05. This is a high value indicating a heavy dependency on external financing.
  • With a Debt to Equity ratio value of 2.05, HEPS is not doing good in the industry: 83.33% of the companies in the same industry are doing better.
  • Even though the debt/equity ratio score it not favorable for HEPS, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 2.05
Debt/FCF 0.41
Altman-Z 1.5
ROIC/WACCN/A
WACC221.94%
HEPS Yearly LT Debt VS Equity VS FCFHEPS Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2018 2019 2020 2021 2022 2023 2024 0 2B 4B

2.3 Liquidity

  • HEPS has a Current Ratio of 0.85. This is a bad value and indicates that HEPS is not financially healthy enough and could expect problems in meeting its short term obligations.
  • HEPS's Current ratio of 0.85 is on the low side compared to the rest of the industry. HEPS is outperformed by 93.33% of its industry peers.
  • HEPS has a Quick Ratio of 0.85. This is a bad value and indicates that HEPS is not financially healthy enough and could expect problems in meeting its short term obligations.
  • HEPS's Quick ratio of 0.53 is on the low side compared to the rest of the industry. HEPS is outperformed by 86.67% of its industry peers.
Industry RankSector Rank
Current Ratio 0.85
Quick Ratio 0.53
HEPS Yearly Current Assets VS Current LiabilitesHEPS Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 5B 10B 15B 20B

More info and screens

WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

6

3. Growth

3.1 Past

  • HEPS shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -92.06%.
  • The Revenue has grown by 13.77% in the past year. This is quite good.
  • Measured over the past years, HEPS shows a very strong growth in Revenue. The Revenue has been growing by 85.40% on average per year.
EPS 1Y (TTM)-92.06%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-327.08%
Revenue 1Y (TTM)13.77%
Revenue growth 3Y55.93%
Revenue growth 5Y85.4%
Sales Q2Q%56.54%

3.2 Future

  • HEPS is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 20.71% yearly.
  • The Revenue is expected to grow by 37.57% on average over the next years. This is a very strong growth
EPS Next Y-96.06%
EPS Next 2Y-21.59%
EPS Next 3Y20.71%
EPS Next 5YN/A
Revenue Next Year61.97%
Revenue Next 2Y46.45%
Revenue Next 3Y37.57%
Revenue Next 5YN/A

3.3 Evolution

  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
HEPS Yearly Revenue VS EstimatesHEPS Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 20B 40B 60B 80B 100B
HEPS Yearly EPS VS EstimatesHEPS Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 0 2 -2 -4 -6 -8

More info and screens

Find the best growth stocksShow best growing peers

2

4. Valuation

4.1 Price/Earnings Ratio

  • HEPS reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for HEPS. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
Fwd PE N/A
HEPS Price Earnings VS Forward Price EarningsHEPS Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 20 -20 40 60 80

4.2 Price Multiples

  • HEPS's Enterprise Value to EBITDA ratio is in line with the industry average.
  • 90.00% of the companies in the same industry are more expensive than HEPS, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 5.6
EV/EBITDA 15.98
HEPS Per share dataHEPS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3 4 5

4.3 Compensation for Growth

  • A more expensive valuation may be justified as HEPS's earnings are expected to grow with 20.71% in the coming years.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-21.59%
EPS Next 3Y20.71%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. Dividend

5.1 Amount

  • HEPS does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

D-MARKET ELECTRONIC SERV-ADR

NASDAQ:HEPS (2/6/2026, 8:00:01 PM)

2.68

+0.08 (+2.88%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)11-05
Earnings (Next)04-30
Inst Owners16.07%
Inst Owner Change0.69%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap873.68M
Revenue(TTM)71.49B
Net Income(TTM)-3.13B
Analysts80
Price Target3.77 (40.67%)
Short Float %0.57%
Short Ratio4.41
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)N/A
Avg EPS beat(2)N/A
Min EPS beat(2)N/A
Max EPS beat(2)N/A
EPS beat(4)N/A
Avg EPS beat(4)N/A
Min EPS beat(4)N/A
Max EPS beat(4)N/A
EPS beat(8)N/A
Avg EPS beat(8)N/A
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)N/A
Avg Revenue beat(2)N/A
Min Revenue beat(2)N/A
Max Revenue beat(2)N/A
Revenue beat(4)N/A
Avg Revenue beat(4)N/A
Min Revenue beat(4)N/A
Max Revenue beat(4)N/A
Revenue beat(8)N/A
Avg Revenue beat(8)N/A
Revenue beat(12)N/A
Avg Revenue beat(12)N/A
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)0%
EPS NQ rev (1m)N/A
EPS NQ rev (3m)N/A
EPS NY rev (1m)0%
EPS NY rev (3m)-44.47%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)2.04%
Revenue NY rev (3m)4.84%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.53
P/FCF 5.6
P/OCF 4.14
P/B 44.12
P/tB N/A
EV/EBITDA 15.98
EPS(TTM)-0.12
EYN/A
EPS(NY)-0.17
Fwd EYN/A
FCF(TTM)0.48
FCFY17.84%
OCF(TTM)0.65
OCFY24.16%
SpS5.04
BVpS0.06
TBVpS-0.22
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -9.54%
ROE -362.8%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 37.33%
FCFM 9.5%
ROA(3y)-8.33%
ROA(5y)-12.85%
ROE(3y)-47%
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5Y-32.07%
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y20.18%
GM growth 5Y5.22%
F-Score4
Asset Turnover2.18
Health
Industry RankSector Rank
Debt/Equity 2.05
Debt/FCF 0.41
Debt/EBITDA 0.9
Cap/Depr 82.02%
Cap/Sales 3.36%
Interest Coverage N/A
Cash Conversion 468.65%
Profit Quality N/A
Current Ratio 0.85
Quick Ratio 0.53
Altman-Z 1.5
F-Score4
WACC221.94%
ROIC/WACCN/A
Cap/Depr(3y)120.44%
Cap/Depr(5y)114%
Cap/Sales(3y)4.01%
Cap/Sales(5y)3.24%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-92.06%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-327.08%
EPS Next Y-96.06%
EPS Next 2Y-21.59%
EPS Next 3Y20.71%
EPS Next 5YN/A
Revenue 1Y (TTM)13.77%
Revenue growth 3Y55.93%
Revenue growth 5Y85.4%
Sales Q2Q%56.54%
Revenue Next Year61.97%
Revenue Next 2Y46.45%
Revenue Next 3Y37.57%
Revenue Next 5YN/A
EBIT growth 1Y-353.54%
EBIT growth 3YN/A
EBIT growth 5Y25.95%
EBIT Next Year-17.4%
EBIT Next 3Y36.44%
EBIT Next 5YN/A
FCF growth 1Y242.4%
FCF growth 3YN/A
FCF growth 5Y64.06%
OCF growth 1Y205.22%
OCF growth 3YN/A
OCF growth 5Y73.37%

D-MARKET ELECTRONIC SERV-ADR / HEPS FAQ

What is the fundamental rating for HEPS stock?

ChartMill assigns a fundamental rating of 3 / 10 to HEPS.


Can you provide the valuation status for D-MARKET ELECTRONIC SERV-ADR?

ChartMill assigns a valuation rating of 2 / 10 to D-MARKET ELECTRONIC SERV-ADR (HEPS). This can be considered as Overvalued.


Can you provide the profitability details for D-MARKET ELECTRONIC SERV-ADR?

D-MARKET ELECTRONIC SERV-ADR (HEPS) has a profitability rating of 1 / 10.


Can you provide the financial health for HEPS stock?

The financial health rating of D-MARKET ELECTRONIC SERV-ADR (HEPS) is 3 / 10.