Turkcell Iletisim Hizmetleri Stock Beneish M Score

TKC Stock  USD 6.74  0.03  0.44%   
This module uses fundamental data of Turkcell Iletisim to approximate the value of its Beneish M Score. Turkcell Iletisim M Score tells investors if the company management is likely to be manipulating earnings. The score is calculated using eight financial indicators that are adjusted by a specific multiplier. Please note, the M Score is a probabilistic model and cannot detect companies that manipulate their earnings with 100% accuracy. Check out Turkcell Iletisim Piotroski F Score and Turkcell Iletisim Altman Z Score analysis.
  
At present, Turkcell Iletisim's Net Debt is projected to increase significantly based on the last few years of reporting. The current year's Short Term Debt is expected to grow to about 27.4 B, whereas Net Debt To EBITDA is forecasted to decline to 0.40. At present, Turkcell Iletisim's Book Value Per Share is projected to increase significantly based on the last few years of reporting. The current year's Free Cash Flow Yield is expected to grow to 0.06, whereas Price To Sales Ratio is forecasted to decline to 2.75.
At this time, it appears that Turkcell Iletisim is an unlikely manipulator. The earnings manipulation may begin if Turkcell Iletisim's top management creates an artificial sense of financial success, forcing the stock price to be traded at a high price-earnings multiple than it should be. In general, excessive earnings management by Turkcell Iletisim executives may lead to removing some of the operating profits from subsequent periods to inflate earnings in the following periods. This way, the manipulation of Turkcell Iletisim's earnings can lead to misrepresentations of actual financial condition, taking the otherwise loyal stakeholders on to the path of questionable ethical practices and plain fraud.
-2.69
Beneish M Score - Unlikely Manipulator
Elasticity of Receivables

1.0

Focus
Asset Quality

0.98

Focus
Expense Coverage

1.0

Focus
Gross Margin Strengs

1.33

Focus
Accruals Factor

1.0

Focus
Depreciation Resistance

1.0

Focus
Net Sales Growth

1.05

Focus
Financial Leverage Condition

1.0

Focus

Turkcell Iletisim Beneish M-Score Indicator Trends

The cure to earnings manipulation is the transparency of financial reporting. It will typically remove the temptation of the top executives to inflate earnings (i.e., to promote the idea of 'winning at any cost'). Because a healthy internal audit department can enhance transparency, the board should promote the auditors' access to all the record-keeping systems across the enterprise. For example, if Turkcell Iletisim's auditors report directly to the board (not management), the managers will be reluctant to manipulate simply due to the fear of punishment. On the other hand, the auditors will be free to investigate the ledgers properly because they know that the board has their back.
Current ValueLast YearChange From Last Year 10 Year Trend
Net Receivables21.1 B20.1 B
Sufficiently Up
Slightly volatile
Total Revenue112.5 B107.1 B
Sufficiently Up
Slightly volatile
Total Assets265.3 B252.7 B
Sufficiently Up
Slightly volatile
Total Current Assets107.7 B102.5 B
Sufficiently Up
Slightly volatile
Non Current Assets Total157.7 B150.1 B
Sufficiently Up
Slightly volatile
Property Plant Equipment30.1 B28.7 B
Sufficiently Up
Slightly volatile
Depreciation And Amortization35.3 B33.6 B
Sufficiently Up
Slightly volatile
Selling General Administrative6.8 B6.5 B
Sufficiently Up
Slightly volatile
Total Current Liabilities60.6 B57.7 B
Sufficiently Up
Slightly volatile
Non Current Liabilities Total76.4 B72.7 B
Sufficiently Up
Slightly volatile
Short Term Debt27.4 B26.1 B
Sufficiently Up
Slightly volatile
Long Term Debt59.1 B56.3 B
Sufficiently Up
Slightly volatile
Operating Income25.9 B24.6 B
Sufficiently Up
Slightly volatile
Total Cash From Operating Activities49.9 B47.5 B
Sufficiently Up
Slightly volatile
Short Term Investments9.3 B8.9 B
Sufficiently Up
Slightly volatile
Gross Profit Margin0.430.3235
Significantly Up
Slightly volatile

Turkcell Iletisim Beneish M-Score Driver Matrix

One of the toughest challenges investors face today is learning how to quickly synthesize historical financial statements and information provided by the company, SEC reporting, and various external parties in order to detect the potential manipulation of earnings. Understanding the correlation between Turkcell Iletisim's different financial indicators related to revenue, expenses, operating profit, and net earnings helps investors identify and prioritize their investing strategies towards Turkcell Iletisim in a much-optimized way. Analyzing correlations between earnings drivers directly associated with dollar figures is the most effective way to find Turkcell Iletisim's degree of accounting gimmicks and manipulations.

About Turkcell Iletisim Beneish M Score

M-Score is one of many grading techniques for value stocks. It was developed by Professor M. Daniel Beneish of the Kelley School of Business at Indiana University and published in 1999 under the paper titled The Detection of Earnings Manipulation. The Beneish score is a multi-factor model that utilizes financial identifiers to compile eight variables used to classify whether a company has manipulated its reported earnings. The variables are built from the officially filed financial statements to create a final score call 'M Score.' The score helps to identify companies that are likely to manipulate their profits if they show deteriorating gross margins, operating expenses, and leverage against growing revenue.

Other Operating Expenses

86.59 Billion

At present, Turkcell Iletisim's Other Operating Expenses is projected to increase significantly based on the last few years of reporting.

Turkcell Iletisim Earnings Manipulation Drivers

Although earnings manipulation is typically not the result of intentional misconduct by the c-level executives, it is still a widespread practice by the senior management of public companies such as Turkcell Iletisim. It is usually done by a series of misrepresentations of various accounting rules and operating activities across multiple financial cycles. The best way to spot the manipulation is to examine the historical financial statement to find inconsistencies in earning reports to find trends in assets or liabilities that are not sustainable in the future.
201920202021202220232024 (projected)
Net Receivables7.3B6.6B13.0B19.6B20.1B21.1B
Total Revenue25.1B29.1B35.9B53.9B107.1B112.5B
Total Assets45.7B51.5B70.7B101.3B252.7B265.3B
Total Current Assets19.3B20.6B29.5B46.8B102.5B107.7B
Net Debt10.1B9.7B18.1B27.7B33.3B35.0B
Short Term Debt7.6B5.2B14.5B27.6B26.1B27.4B
Long Term Debt11.6B14.8B25.9B35.0B56.3B59.1B
Operating Income5.0B5.8B7.4B14.1B24.6B25.9B
Investments(3.0B)(6.8B)(826.7M)(19.6B)(28.0B)(26.6B)

Turkcell Iletisim ESG Sustainability

Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary and do not directly affect the long term financial condition, Turkcell Iletisim's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Turkcell Iletisim's managers, analysts, and investors.
Environmental
Governance
Social

About Turkcell Iletisim Fundamental Analysis

The Macroaxis Fundamental Analysis modules help investors analyze Turkcell Iletisim Hizmetleri's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Turkcell Iletisim using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Turkcell Iletisim Hizmetleri based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.

Also Currently Popular

Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.
When determining whether Turkcell Iletisim offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Turkcell Iletisim's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Turkcell Iletisim Hizmetleri Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Turkcell Iletisim Hizmetleri Stock:
Check out Turkcell Iletisim Piotroski F Score and Turkcell Iletisim Altman Z Score analysis.
You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.
Is Wireless Telecommunication Services space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Turkcell Iletisim. If investors know Turkcell will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Turkcell Iletisim listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.08)
Dividend Share
2.853
Earnings Share
0.86
Revenue Per Share
129.7625
Quarterly Revenue Growth
0.069
The market value of Turkcell Iletisim is measured differently than its book value, which is the value of Turkcell that is recorded on the company's balance sheet. Investors also form their own opinion of Turkcell Iletisim's value that differs from its market value or its book value, called intrinsic value, which is Turkcell Iletisim's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Turkcell Iletisim's market value can be influenced by many factors that don't directly affect Turkcell Iletisim's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Turkcell Iletisim's value and its price as these two are different measures arrived at by different means. Investors typically determine if Turkcell Iletisim is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Turkcell Iletisim's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.