As of June 7, 2025, Besiktas Futbol Yatirimlari Sanayi ve Ticaret AS has a Discounted Cash Flow (DCF) derived fair value of $0.00 per share. With the current market price at $3.84, this represents a potential upside of -437.8%.
| Key Metrics | Value |
|---|---|
| DCF Fair Value (5-year) | $0.00 |
| DCF Fair Value (10-year) | $0.00 |
| Potential Upside (5-year) | -439.6% |
| Potential Upside (10-year) | -437.8% |
| Discount Rate (WACC) | 14.2% - 21.6% |
Revenue is projected to grow from $498 million in 05-2020 to $1751 million by 05-2030, representing a compound annual growth rate of approximately 13.4%.
| Fiscal Year | Revenue (USD millions) | Growth |
|---|---|---|
| 05-2020 | 498 | 20% |
| 05-2021 | 439 | -12% |
| 05-2022 | 536 | 22% |
| 05-2023 | 661 | 23% |
| 05-2024 | 820 | 24% |
| 05-2025 | 940 | 15% |
| 05-2026 | 1089 | 16% |
| 05-2027 | 1240 | 14% |
| 05-2028 | 1408 | 14% |
| 05-2029 | 1580 | 12% |
| 05-2030 | 1751 | 11% |
Net profit margin is expected to improve from -96% in 05-2020 to -59% by 05-2030, driven by operational efficiency and economies of scale.
| Fiscal Year | Net Profit (USD millions) | Profit Margin |
|---|---|---|
| 05-2020 | (478) | -96% |
| 05-2021 | (379) | -86% |
| 05-2022 | (430) | -80% |
| 05-2023 | (492) | -75% |
| 05-2024 | (566) | -69% |
| 05-2025 | (600) | -64% |
| 05-2026 | (684) | -63% |
| 05-2027 | (767) | -62% |
| 05-2028 | (857) | -61% |
| 05-2029 | (947) | -60% |
| 05-2030 | (1,033) | -59% |
with a 5-year average of $66 million. Projected CapEx is expected to maintain at approximately 11% of revenue.
Depreciation is based on an average useful life of 5 years for capital assets.
| Fiscal Year | D&A (USD millions) |
|---|---|
| 05-2021 | 65 |
| 05-2022 | 70 |
| 05-2023 | 68 |
| 05-2024 | 70 |
| 05-2025 | 77 |
| 05-2026 | 92 |
Net working capital is expected to increase gradually, with projected changes affecting free cash flow.
| Components | Average Days |
|---|---|
| Days Receivables | 48 |
| Days Inventory | 8 |
| Days Payables | 138 |
| Fiscal Year | EBITDA | Tax | CapEx | Change in NWC | FCF |
|---|---|---|---|---|---|
| 3M/2021 | (27) | (3) | 12 | 23 | (60) |
| 2022 | (109) | (12) | 61 | (31) | (127) |
| 2023 | (113) | (14) | 75 | (41) | (133) |
| 2024 | (108) | (16) | 93 | (14) | (171) |
| 2025 | (77) | (17) | 107 | (21) | (146) |
| Valuation Method | Fair Price (USD) | Potential Upside |
|---|---|---|
| 5-Year DCF (Growth) | 0.00 | -439.6% |
| 10-Year DCF (Growth) | 0.00 | -437.8% |
| 5-Year DCF (EBITDA) | 0.00 | -100.0% |
| 10-Year DCF (EBITDA) | 0.00 | -100.0% |
Is Besiktas Futbol Yatirimlari Sanayi ve Ticaret AS (BJKAS.IS) a buy or a sell? Besiktas Futbol Yatirimlari Sanayi ve Ticaret AS is definitely a sell. Based on our DCF analysis, Besiktas Futbol Yatirimlari Sanayi ve Ticaret AS (BJKAS.IS) appears to be overvalued with upside potential of -437.8%. The company's strong projected growth in revenue and profitability, coupled with consistent capital expenditure, supports our positive outlook on its intrinsic value.
Key investment drivers include:
Investors should consider reducing exposure at the current market price of $3.84.