D-MARKET ELECTRONIC SERV-ADR (HEPS) Fundamental Analysis & Valuation

NASDAQ:HEPS • US23292B1044

Current stock price

2.88 USD
-0.01 (-0.35%)
Last:

This HEPS fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

1

1. HEPS Profitability Analysis

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.
  • HEPS had a positive operating cash flow in 4 of the past 5 years.
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

  • In the last couple of years the Operating Margin of HEPS has declined.
  • With a Gross Margin value of 37.33%, HEPS is not doing good in the industry: 73.33% of the companies in the same industry are doing better.
  • HEPS's Gross Margin has improved in the last couple of years.
  • HEPS does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
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

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3

2. HEPS Health Analysis

2.1 Basic Checks

  • HEPS does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • The number of shares outstanding for HEPS has been increased compared to 1 year ago.
  • The number of shares outstanding for HEPS remains at a similar level compared to 5 years ago.
  • HEPS has a worse debt/assets ratio than last year.
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 1.59, we must say that HEPS is in the distress zone and has some risk of bankruptcy.
  • Looking at the Altman-Z score, with a value of 1.59, HEPS is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • The Debt to FCF ratio of HEPS is 0.41, which is an excellent value as it means it would take HEPS, only 0.41 years of fcf income to pay off all of its debts.
  • HEPS's Debt to FCF ratio of 0.41 is amongst the best of the industry. HEPS outperforms 90.00% of its industry peers.
  • A Debt/Equity ratio of 2.05 is on the high side and indicates that HEPS has dependencies on debt financing.
  • HEPS's Debt to Equity ratio of 2.05 is on the low side compared to the rest of the industry. HEPS is outperformed by 83.33% of its industry peers.
  • Although HEPS's pure debt/equity ratio does not look good, it has limited outstanding debt compared to the Free Cash Flow. We will not put too much weight on the debt/equity number as it may be because of low equity, which could be a consequence of a share buyback program for instance. This needs to be investigated.
Industry RankSector Rank
Debt/Equity 2.05
Debt/FCF 0.41
Altman-Z 1.59
ROIC/WACCN/A
WACC217.04%
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.
  • Looking at the Current ratio, with a value of 0.85, HEPS is doing worse than 93.33% of the companies in the same industry.
  • A Quick Ratio of 0.53 indicates that HEPS may have some problems paying its short term obligations.
  • With a Quick ratio value of 0.53, HEPS is not doing good in the industry: 86.67% of the companies in the same industry are doing better.
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

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

6

3. HEPS Growth Analysis

3.1 Past

  • HEPS shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -1555.94%.
  • Looking at the last year, HEPS shows a quite strong growth in Revenue. The Revenue has grown by 11.12% in the last year.
  • HEPS shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 85.40% yearly.
EPS 1Y (TTM)-1555.94%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-357.21%
Revenue 1Y (TTM)11.12%
Revenue growth 3Y55.93%
Revenue growth 5Y85.4%
Sales Q2Q%27.86%

3.2 Future

  • Based on estimates for the next years, HEPS will show a quite strong growth in Earnings Per Share. The EPS will grow by 8.97% on average per year.
  • HEPS is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 37.57% yearly.
EPS Next Y-174.22%
EPS Next 2Y-46.06%
EPS Next 3Y8.97%
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 -5 -10

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2

4. HEPS Valuation Analysis

4.1 Price/Earnings Ratio

  • HEPS reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
  • Also next year HEPS is expected to report negative earnings again, which makes the also the Forward Price/Earnings Ratio negative.
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 10 -10 20 -20 30

4.2 Price Multiples

  • The rest of the industry has a similar Enterprise Value to EBITDA ratio as HEPS.
  • Based on the Price/Free Cash Flow ratio, HEPS is valued cheaper than 86.67% of the companies in the same industry.
Industry RankSector Rank
P/FCF 6.11
EV/EBITDA 18.35
HEPS Per share dataHEPS EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 1 2 3 4

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-46.06%
EPS Next 3Y8.97%

More info and screens

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

0

5. HEPS Dividend Analysis

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

HEPS Fundamentals: All Metrics, Ratios and Statistics

D-MARKET ELECTRONIC SERV-ADR

NASDAQ:HEPS (3/16/2026, 8:00:02 PM)

2.88

-0.01 (-0.35%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)02-26
Earnings (Next)N/A
Inst Owners12.23%
Inst Owner Change-27.97%
Ins OwnersN/A
Ins Owner ChangeN/A
Market Cap938.88M
Revenue(TTM)57.05B
Net Income(TTM)-3.13B
Analysts80
Price Target3.77 (30.9%)
Short Float %2.67%
Short Ratio4.93
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)-39.87%
Revenue NQ rev (1m)N/A
Revenue NQ rev (3m)N/A
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.04%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 0.58
P/FCF 6.11
P/OCF 4.51
P/B 48.12
P/tB N/A
EV/EBITDA 18.35
EPS(TTM)-0.11
EYN/A
EPS(NY)-0.24
Fwd EYN/A
FCF(TTM)0.47
FCFY16.36%
OCF(TTM)0.64
OCFY22.16%
SpS4.96
BVpS0.06
TBVpS-0.21
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 1.59
F-Score4
WACC217.04%
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)-1555.94%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%-357.21%
EPS Next Y-174.22%
EPS Next 2Y-46.06%
EPS Next 3Y8.97%
EPS Next 5YN/A
Revenue 1Y (TTM)11.12%
Revenue growth 3Y55.93%
Revenue growth 5Y85.4%
Sales Q2Q%27.86%
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 Fundamental Analysis 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.