Turkcell Iletisim Hizmetleri A.S.
NYSE•TKC
CEO: Mr. Ali Taha Koc Ph.D.
Sector: Communication Services
Industry: Telecommunications Services
Listing Date: 2000-07-11
Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Belarus, Turkish Republic of Northern Cyprus, and the Netherlands. It operates through three segments: Turkcell Turkey, Turkcell International, and Techfin. It offers broadband services consist of mobile broadband, fiber to the home/building, xDSL, cable, and FWA over its mobile network; lifebox, a personal cloud service to users with a space for photos, documents, contacts, and videos; Iste Suit, a one-stop service with e-mail, file management, office applications, and video conferencing solutions for corporate companies; UpCall, an application for telecommunication operator; and GAME+, a cloud gaming platform. The company also operates BiP, a communication and life platform; TV+, a multi-screen TV platform; and fizy, a digital music platform. In addition, it provides digital identity management services, which includes mobile signature solution and one time password services; fixed telco and cyber security, managed security, data center and cloud, and system integration and managed services; digital business applications; and internet of things products and solution management, big data analytics, industry specific, and partner ecosystem and vendors solutions. Further, the company offers digital payment services, such as mobile wallet, direct carrier billing, utility payments, POS solutions, prepaid cards, money transfers, intracity subway/bus card, Payment Link, and QR code payment services, as well as Vitrin, an e-commerce solution; and international roaming, voice, data, and digital services. Additionally, it provides shopping, automobile, and green loans; and operates as an insurance agency. Turkcell Iletisim Hizmetleri A.S. was incorporated in 1993 and is headquartered in Istanbul, Turkey.
Contact Information
Turkcell Küçükyali Plaza, Aydinevler Mahallesi Inönü Caddesi No:20 Kucukyali Ofispark Maltepe, Istanbul, 34854, Turkey
90-212-313-10-00
Market Cap
$5.14B
P/E (TTM)
9.0
10.8
Dividend Yield
4.6%
52W High
$7.63
52W Low
$5.35
52W Range
Rank25Top 8.6%
6.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Strong • 6 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024
Financial Dashboard
Q3 2025 Data
Revenue
$1.46B+48.20%
4-Quarter Trend
EPS
$0.15-62.27%
4-Quarter Trend
FCF
$13.34M-1.63%
4-Quarter Trend
2024 Annual Earnings Highlights
Key Highlights
Total Revenue Rises 7.8% Total revenue reached TRY 166.7 B, increasing 7.8% driven by postpaid growth and price adjustments across segments.
Adjusted EBITDA Margin Improves Adjusted EBITDA reached TRY 69.8 B; margin expanded to 41.9% from 41.0% in 2023, showing operational leverage.
Postpaid Base Grows Strongly Postpaid mobile subscribers hit 29.1 M, achieving 76.0% of the mobile base, offsetting prepaid losses from eSIM adoption.
Significant Ukraine Asset Sale Completed sale of Ukrainian subsidiaries, resulting in a total net income gain of TRY 8.8 B recognized in 2024 results.
Risk Factors
Turkish Macroeconomic Instability Continued high inflation and Turkish Lira devaluation pose material adverse effects on financial condition and operational costs.
Regulatory Compliance and Fines Ongoing investigations regarding R&D obligations and license compliance could result in material administrative fines and penalties.
Foreign Currency Debt Exposure Substantial debt denominated in USD, EUR, and CNY creates significant translation and transaction risk against the TRY functional currency.
5G Tender Costs and Spectrum 5G launch depends on 2025 tender; high spectrum prices and capacity needs may increase capital expenditures significantly.
Outlook
Preparing For 5G Network Launch Prioritizing robust infrastructure, fiber rollout, and network readiness for the anticipated 5G license tender expected in 2025.
Continued Digital and Techfin Focus Strategy centers on leadership in digital services, data centers, AI integration, and expanding Financell's financial portfolio.
Renewable Energy Investment Target Committed to sustainability goals, targeting installation of 300 MW solar power capacity by the end of 2026 to balance energy costs.
Proposed TRY 8.0B Dividend Board proposed TRY 8.0 B gross dividend for 2024, subject to shareholder approval, payable in two installments in 2025.
Peer Comparison
Revenue (TTM)
WPP$37.09B
$5.63B
$3.90B
Gross Margin (Latest Quarter)
86.5%
38.6%
29.2%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| GSAT | $7.90B | -158.0 | -14.0% | 26.1% |
| TKC | $5.14B | 9.0 | 12.4% | 36.9% |
| WPP | $4.81B | 9.5 | 11.5% | 28.9% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-1.1%
Flat Growth
4Q Net Income CAGR
15.5%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Next earnings:Feb 26, 2026
EPS:-
|Revenue:-
Reports
All Years
Form 20-F - FY 2024
Period End: Dec 31, 2024|Filed: Apr 29, 2025|Revenue: $5.08B+55.6%|EPS: $0.82+87.7%N/AForm 20-F - FY 2023
Period End: Dec 31, 2023|Filed: May 13, 2024|Revenue: $4.51B-20.6%|EPS: $0.61+13.6%MissForm 20-F - FY 2022
Period End: Dec 31, 2022|Filed: Apr 27, 2023|Revenue: $8.16B+24.3%|EPS: $0.76+120.0%BeatForm 20-F - FY 2021
Period End: Dec 31, 2021|Filed: Apr 14, 2022|Revenue: $4.04B+56.3%|EPS: $0.65+12.2%BeatForm 20-F - FY 2020
Period End: Dec 31, 2020|Filed: Apr 26, 2021|Revenue: $4.15B+176.5%|EPS: $0.69+78.3%Beat