Turk Hava Yollari A.O. - Understand $tkhvy stock

$TKHVY Market Cap: $417.8 Billion

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Financial Snapshot

Revenue

$21.87B

TTM

Gross Margin

19.97%

TTM

Net Earnings

$6.322B

TTM

Current Assets

$9.505B

Q2 2024

Current Liabilities

$10.08B

Q2 2024

Current Ratio

94.26%

Q2 2024

Total Assets

$37.59B

Q2 2024

Total Liabilities

$20.56B

Q2 2024

Book Value

$17.02B

Q2 2024

Cash

$871.0M

Q2 2024

P/E

66.09

Nov 29, 2024 EST

Free Cash Flow

$3.265B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$20.94B	$18.43B	$10.69B	$6.734B	$13.23B	$12.86B	$10.96B	$9.792B
YoY Change	13.65%	72.43%	58.69%	-49.1%	2.91%	17.31%	11.91%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Revenue	$20.94B	$18.43B	$10.69B	$6.734B	$13.23B	$12.86B	$10.96B	$9.792B
Cost Of Revenue	$16.06B	$14.04B	$8.322B	$6.378B	$10.93B	$10.14B	$8.762B	$8.656B
Gross Profit	$4.882B	$4.390B	$2.364B	$356.0M	$2.301B	$2.719B	$2.196B	$1.136B
Gross Profit Margin	23.31%	23.83%	22.12%	5.29%	17.39%	21.15%	20.04%	11.6%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Selling, General & Admin	$2.134B	$1.605B	$1.013B	$818.0M	$1.657B	$1.501B	$1.345B	$1.419B
YoY Change	32.96%	58.44%	23.84%	-50.63%	10.39%	11.6%	-5.21%
% of Gross Profit	43.71%	36.56%	42.85%	229.78%	72.01%	55.2%	61.25%	124.91%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$2.035B	$1.864B	$1.740B	$1.659B	$1.521B	$1.087B	$1.066B	$1.148B
YoY Change	9.17%	7.13%	4.88%	9.07%	39.93%	1.97%	-7.14%
% of Gross Profit	41.68%	42.46%	73.6%	466.01%	66.1%	39.98%	48.54%	101.06%
Operating Expenses	$2.089B	$1.634B	$1.008B	$725.0M	$1.619B	$1.448B	$1.296B	$1.386B
YoY Change	27.85%	62.1%	39.03%	-55.22%	11.81%	11.73%	-6.49%
Operating Profit	$2.793B	$2.756B	$1.356B	-$369.0M	$682.0M	$1.271B	$900.0M	-$250.0M
YoY Change	1.34%	103.24%	-467.48%	-154.11%	-46.34%	41.22%	-460.0%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Interest Expense	$781.0M	$261.0M	-$314.0M	-$579.0M	$136.0M	-$280.0M	-$640.0M	$234.0M
YoY Change	199.23%	-183.12%	-45.77%	-525.74%	-148.57%	-56.25%	-373.5%
% of Operating Profit	27.96%	9.47%	-23.16%		19.94%	-22.03%	-71.11%
Other Income/Expense, Net	$128.0M	-$91.00M	-$57.00M	-$40.00M	-$44.00M	-$71.00M	-$30.00M	-$27.00M
YoY Change	-240.66%	59.65%	42.5%	-9.09%	-38.03%	136.67%	11.11%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Pretax Income	$3.641B	$2.939B	$1.023B	-$926.0M	$876.0M	$954.0M	$279.0M	-$59.00M
YoY Change	23.89%	187.29%	-210.48%	-205.71%	-8.18%	241.94%	-572.88%
Income Tax	-$2.380B	$214.0M	$64.00M	-$90.00M	$88.00M	$201.0M	$56.00M	$18.00M
% Of Pretax Income	-65.37%	7.28%	6.26%		10.05%	21.07%	20.07%
Net Earnings	$6.021B	$2.725B	$959.0M	-$836.0M	$788.0M	$753.0M	$223.0M	-$77.00M
YoY Change	120.95%	184.15%	-214.71%	-206.09%	4.65%	237.67%	-389.61%
Net Earnings / Revenue	28.75%	14.79%	8.97%	-12.41%	5.96%	5.86%	2.04%	-0.79%
Basic Earnings Per Share
Diluted Earnings Per Share	$4.36	$1.98	$0.69	-$0.61	$0.57	$0.55	$0.16	-$0.06

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Cash & Short-Term Investments	$6.027B	$4.701B	$2.682B	$1.829B	$2.475B	$2.155B	$2.086B	$1.815B
YoY Change	28.21%	75.28%	46.64%	-26.1%	14.85%	3.31%	14.93%
Cash & Equivalents	$583.0M	$3.980B	$2.597B	$1.749B			$5.000M	$8.000M
Short-Term Investments	$5.344B	$626.0M	$5.000M	$18.00M	$2.400B	$2.089B	$1.963B	$1.706B
Other Short-Term Assets	$263.0M	$229.0M	$185.0M	$147.0M	$210.0M	$348.0M	$326.0M	$321.0M
YoY Change	14.85%	23.78%	25.85%	-30.0%	-39.66%	6.75%	1.56%
Inventory	$418.0M	$331.0M	$261.0M	$305.0M	$290.0M	$190.0M	$193.0M	$217.0M
Prepaid Expenses
Receivables	$856.0M	$995.0M	$925.0M	$637.0M	$540.0M	$570.0M	$592.0M	$379.0M
Other Receivables	$1.031B	$969.0M	$885.0M	$1.260B	$1.255B	$1.242B	$434.0M	$869.0M
Total Short-Term Assets	$8.595B	$7.225B	$4.938B	$4.178B	$4.770B	$4.505B	$3.631B	$3.601B
YoY Change	18.96%	46.31%	18.19%	-12.41%	5.88%	24.07%	0.83%
Property, Plant & Equipment	$23.00B	$21.23B	$19.47B	$18.92B	$17.26B	$13.92B	$13.00B	$13.48B
YoY Change	8.35%	9.02%	2.92%	9.62%	24.02%	7.05%	-3.52%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$938.0M	$511.0M	$325.0M	$331.0M	$459.0M	$444.0M	$371.0M	$295.0M
YoY Change	83.56%	57.23%	-1.81%	-27.89%	3.38%	19.68%	25.76%
Other Assets	$1.626B	$916.0M	$840.0M	$798.0M	$864.0M	$767.0M	$496.0M	$518.0M
YoY Change	77.51%	9.05%	5.26%	-7.64%	12.65%	54.64%	-4.25%
Total Long-Term Assets	$27.08B	$23.72B	$21.60B	$21.35B	$19.95B	$16.23B	$14.57B	$14.89B
YoY Change	14.15%	9.82%	1.16%	7.01%	22.97%	11.4%	-2.18%
Total Assets	$35.67B	$30.94B	$26.54B	$25.53B	$24.72B	$20.73B	$18.20B	$18.49B
YoY Change
Accounts Payable	$1.291B	$1.200B	$891.0M	$861.0M	$1.130B	$1.022B	$855.0M	$616.0M
YoY Change	7.58%	34.68%	3.48%	-23.81%	10.57%	19.53%	38.8%
Accrued Expenses	$50.00M	$39.00M	$18.00M	$16.00M	$39.00M	$39.00M	$246.0M	$258.0M
YoY Change	28.21%	116.67%	12.5%	-58.97%	0.0%	-84.15%	-4.65%
Deferred Revenue
YoY Change
Short-Term Debt	$1.345B	$1.058B	$883.0M	$1.527B	$1.241B	$1.099B	$744.0M	$1.357B
YoY Change	27.13%	19.82%	-42.17%	23.05%	12.92%	47.72%	-45.17%
Long-Term Debt Due	$2.378B	$2.689B	$3.113B	$2.914B	$1.865B	$1.270B	$983.0M	$1.064B
YoY Change	-11.57%	-13.62%	6.83%	56.25%	46.85%	29.2%	-7.61%
Total Short-Term Liabilities	$9.087B	$8.224B	$6.773B	$6.454B	$5.964B	$5.179B	$4.297B	$4.497B
YoY Change	10.49%	21.42%	4.94%	8.22%	15.16%	20.53%	-4.45%
Long-Term Debt	$10.52B	$10.29B	$10.91B	$12.26B	$10.27B	$8.239B	$7.339B	$7.822B
YoY Change	2.25%	-5.64%	-11.04%	19.42%	24.6%	12.26%	-6.17%
Other Long-Term Liabilities	$447.0M	$466.0M	$306.0M	$314.0M	$337.0M	$231.0M	$253.0M	$130.0M
YoY Change	-4.08%	52.29%	-2.55%	-6.82%	45.89%	-8.7%	94.62%
Total Long-Term Liabilities	$10.97B	$10.76B	$11.21B	$12.57B	$10.60B	$8.470B	$7.592B	$7.952B
YoY Change	1.98%	-4.06%	-10.82%	18.59%	25.18%	11.56%	-4.53%
Total Liabilities	$20.11B	$21.20B	$19.70B	$20.15B	$17.86B	$14.79B	$12.85B	$13.40B
YoY Change	-5.14%	7.62%	-2.22%	12.8%	20.79%	15.06%	-4.13%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $417.8 Billion

About Turk Hava Yollari A.O.

Türk Hava Yollari AO engages in the provision of domestic and international air transport and cargo services. The company operates under following business segments: Air Transport (Aviation), which consist of mainly domestic and international passenger and cargo air Transportation, as well as Technical Maintenance Services (Technical), which consist of mainly aircraft repair and maintenance services and providing technical and infrastructure support related to aviation sector. Its subsidiaries include: THY Teknik AS, engaged in aircraft maintenance services, as well as THY Ucus Egitim ve Havalimani Isletme AS, engaged in training and airport operations. The firm serves all domestic destinations as well as the Middle East, North America, Europe, Asia, North Africa and South Africa.

Industry: UNKNOWN Peers: