KCHOL Holding company
🏢 Company Profile
Turkey's largest industrial and services group; operating in energy, durable goods, automotive, finance and tourism.
- FAMİLY DANIŞMANLIK GAYRİMENKUL VE TİCARET ANONİM ŞİRKETİ — 43.75% ( vote 55.62%)
- VEHBİ KOÇ VAKFI — 7.29% ( vote 5.75%)
- SEMAHAT SEVİM ARSEL — 6.15% ( vote 4.85%)
- İPEK KIRAÇ — 4.60% ( vote 3.63%)
- MUSTAFA RAHMİ KOÇ — 3.03% ( vote 2.39%)
- Last quarter (2026/6): sales 1180496000000 TL, net profit margin 4.0% (thin)
- Sales growth: YoY %+14.7 (increase).
- Net profit growth: YoY +272.3% (increase).
- Owners' Equity Growth: YoY %+12.9 (increase)
- Asset turnover 0.8 (TTM revenue / total assets) — efficient asset utilisation.
- Financial liabilities / owners' equity 123% (high leverage); total liabilities (short+long) / owners' equity 382.5%.
- Net financial debt 792748000000 TL (TradingView balance sheet section).
- Current ratio (current assets / short-term debt) 0.9 — short-term liability pressure.
- Current ratio (TradingView balance sheet section) 0.9 — short-term liability pressure.
- Multiples: P/E 15.3 · P/B 0.7 · EV/EBITDA 6.8 · dividend yield 3.2.
- Source: İş Yatırım quarterly financial statements + TradingView TTM (06.10.2026); comments are generated with fixed threshold rules and are not investment advice.
| Total Assets | 6.233.5 mlr TL | Total Debt | 4.941.5 mlr TL |
| Current Assets | 3615.1 billion TL | Equity | 1.292.0 billion TL |
| Financial Debt | 1,5891 billion TL | Net Profit | 46.9 mlr TL |
📋 Announced Financial Statements· manually added financial table summary · last pull: 2026-09-23
| Period | Sales Revenues (mlr TL) | Net Profit (mlr TL) | Profit Margin | Total Assets (mlr TL) | Equity (mlr TL) | Financial Debt (mlr TL) | Financial Debt / Equity |
|---|---|---|---|---|---|---|---|
| 2026/6 | 1,180.5 (+ 14.7% YoY) | 46.9 (+ 272.3% YoY) | 4.0% | 6,233.5 | 1,292.0 | 1,589.1 | 123.0% |
| 2026/3 | 494.1 (+ 7.4% YoY) | 2.1 (- 153.3% YoY) | 0.4% | 5,748.2 | 1,144.0 | 1,384.5 | 121.0% |
| 2025/12 | 2,165.1 (+ 2.6% YoY) | 40.8 (- 689.1% YoY) | 1.9% | 6,261.9 | 1,286.6 | 1,595.9 | 124.0% |
| 2025/9 | 1,302.4 (- 15.8% YoY) | 23.3 (+ 61.8% YoY) | 1.8% | 5,106.0 | 1,039.8 | 1,210.4 | 116.4% |
| 2025/6 | 1,029.3 (+ 8.2% YoY) | 12.6 (- 39.7% YoY) | 1.2% | 4,659.7 | 959.4 | 1,053.6 | 109.8% |
| 2025/3 | 460.1 (+ 6.9% YoY) | -3.9 (- 1.205.1% YoY) | %-0.9 | 4,209.3 | 916.8 | 944.4 | 103.0% |
| 2024/12 | 2,109.3 | -6.9 | %-0.3 | 5,115.5 | 1,123.9 | 1,151.0 | 102.4% |
| 2024/9 | 1,546.8 | 14.4 | 0.9% | 3,851.1 | 841.8 | 820.0 | 97.4% |
| 2024/6 | 951.4 | 20.9 | 2.2% | 3,586.9 | 794.9 | 757.0 | 95.2% |
| 2024/3 | 430.6 | 0.4 | 0.1% | 3,245.4 | 755.0 | 695.6 | 92.1% |
Income statement items (sales revenues and net profit) are cumulative from the beginning of the year; balance sheet items are period-end balances. Source: İş Yatırım financial statements (based on KAP announcements).
🔎 Fundamental Analysis Summary · automatic
- Revenue (TTM) 3133.73 billion TL, EBITDA 253.23 billion TL — EBITDA margin 8.1% (low EBITDA margin).
- Net profit margin 1.1% (thin net profit margin).
- EV/EBITDA 6.7 — reasonable EV/EBITDA.
- Net financial debt 792.75 milyar TL (of market value 156%).
- Current ratio 0.90 — under short-term liability pressure.
- Dividend yield 3.4%.
Rule-based summary: It is generated from İş Yatırım financial statements (TTM) and TradingView base data with fixed thresholds; no LLM, no hallucination risk. It is not investment advice.
Valuation and Profitability · single source, last 12 months
Last 5 trading days return: +1.9%
| Market value | 500.1 billion TL |
| Equity (2026/6) | 1.292.0 billion TL |
| Net profit (last 12 months) | 75.1 billion TL |
| P/E (last 12 months) | 6.7 |
| P/B | 0.39 |
| ROE (last 12 months) | 5.8% |
| Financial debt / equity | 123% |
Source: İş Yatırım financial statements (KAP disclosures) — same source as the balance sheet table.
| EBITDA (last 12 months) | 253.2 billion TL |
| EBITDA margin | 8.1% |
| EV / EBITDA | 6.7 |
EBITDA margin is profitability before interest/depreciation/taxes; it should not be confused with net profit margin.
Macro Sensitivity · Holding sector
Regime: high inflation + tight monetary policy (6.27 point real interest) · moderate domestic demand
| Trend | neutral |
| Score | +0 |
| Channels | interest rate increase, domestic demand increase |
Sector sensitivity matrix x current macro regime; detail Macroeconomic Evaluation.
Technical Status
| General | STRONG SELL |
| Short term (EMA 5-8-13-21) | SELL |
| Medium term (EMA 34-55) | SELL |
| Long term (EMA 89-144) | BEKLE |
| Wave Trend (indicator) | SELL |
| Channel position | 15% |
| Trend strength (r) | -0.31 |
| Score | 0 |
EMA sequence + Wave Trend + 60-day regression channel. Details: Technical Scan · Stock Center
Last 7 Days News
- Koç's cyanide will be endured — birgun.net · 30.10
- Koç Holding celebrated Republic Day with the message "Together for hundreds more Octobers" — Anadolu Agency · 27.10
- Koç Holding’den 29 Ekim’e special film: “Why is this month named October?” — Türkiye İş Dünyası News · 27.10
- Koç Holding'den 29 Ekim'e special film — Habertürk · 27.10
- Koç Holding had sold 2 years ago; Salça devi announced 483 milyon TL profit — Gıda Bülteni · 27.10
- KOÇ HOLDİNG'S GIANT INVESTMENT IN MANISA — manisadenge.com · 23.10
📋 KAP Notifications
- 21 October 18:12 — SPK Transaction Ban Due to Share Announcement →
- 16 Ekim 18:16 — Special Situation Disclosure (General)→
- 16 Ekim 18:15 — Financial Calendar→
- 12 Ekim 14:58 — SPK Transaction Ban Due to Share Announcement →
- September 29 18:15 — Sustainability Report→
All notifications: KAP →
📝 Evaluations· prepared manually · last update: 23.09.2026
📈 Technical Analysis
Koç Holding is trading at 220.80 TL with a 0.14% decline on September 23, 2026. The 4/4 STRONG BUY table is maintained with a BUY signal across all horizons; the trend strength (r) of .91 continues to be one of the strongest trends in the scan. The channel position at 31% is in the lower-mid band of the channel; this indicates healthy pullbacks within the trend. The stock is 2% away from its 60-day high of 225.70 TL and is priced 28% above the 172.30 TL low region; the 60-day return is at a strong 14.11%.
🌍 Macroeconomic Evaluation
Holdings are an asset class that experiences discount compression during macro normalization periods: the decline of inflation to 31.5% and interest rate cut expectations are activating the classic mechanism that narrows net asset value discounts. Koç Holding offers a balanced basket of cyclical (automotive, durable goods) and defensive (energy distribution, finance) assets; domestic demand recovery will support automotive and white goods profits. The USD/TL rate at 48.83 maintains the competitiveness of its export-oriented group companies. In periods of increased foreign investor inflow, large holdings take on above-index weight; the decline in CDS premiums strengthens this channel. In an environment where gram gold is at 6.786 TL, the search for real returns supports the allocation to diversified and discounted holdings. Main risks; delay in domestic demand recovery, currency shock, and quarterly volatility of portfolio companies.
🧾 Balance Sheet Evaluation
Koç Holding increased its sales by 14.7% in the first half of 2026 while recording a 272.3% jump in net profit; in the second quarter, it announced one of the strongest results among holding companies with 686.4 billion TL in combined sales and 44.8 billion TL in net profit (+171.4%). The holding, which generated 2.3 trillion TL in combined sales and 75.1 billion TL in net profit over the last four quarters, has a market value of ~561 billion TL; it carries a deep holding discount with P/E ~7.5x, P/B ~0.4x and EV/EBITDA ~10.5x. A discount above the historical average based on net asset value is present; this leaves room for multiple expansion. On the balance sheet, financial debt/equity is 123% and net debt is ~1,048 billion TL, which is ~5.2x EBITDA; although the combined figures include the foreign currency obligations of non-bank industrial companies, the leverage is much lower and more manageable on a solo basis. ROE of 5.8% is significantly below inflation; this is the typical appearance of an asset-intensive structure under inflation accounting. The 3.1% dividend yield offers a stable cash flow. The valuation of assets like Tüpraş, Ford Otosan, Arçelik and Yapı Kredi in the portfolio directly impacts the stock. In summary, Koç Holding; with its strong fundamental results, deep discount, and rising technical trend, it is positioned as one of BIST's core assets.
This section is manually updated; for informational purposes only, not investment advice.