TRALT Industrial (Other)
🏢 Company Profile
Gold mine discovery and operation nationwide in Turkey.
- TR ANADOLU İNŞAAT VE TİCARET ANONİM ŞİRKETİ — 48.01%
- TÜRK ALTIN HOLDİNG ANONİM ŞİRKETİ — 21.99%
- TÜRK ALTIN İŞLETMELERİ ANONİM ŞİRKETİ — 4.81%
- MERRILL LYNCH INTERNATIONAL — 3.29%
- Last quarter (2026/6): sales 14081230000 TL, net profit margin 20.1% (high)
- Sales growth: YoY %+47.5 (increase).
- Net profit growth: YoY +28% (increase).
- Owners' Equity Growth: YoY %+9.2 (increase)
- Asset turnover 0.9 (TTM revenue / total assets) — efficient asset utilisation.
- Financial liabilities / owners' equity 0.2% (low leverage); total liabilities (short+long) / owners' equity 15.8%.
- Net financial debt NONE - cash 5519959000 TL more than gross debt.
- Current ratio (current assets / short-term debt) 4.7 — strong liquidity.
- Current ratio (TradingView balance sheet section) 4.7 — strong liquidity.
- Multiples: P/E 28.1 · P/B 2.6 · EV/EBITDA 12.9 · dividend yield 1.1.
- 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 | 61.5 mlr TL | Total Debt | 8.4 mlr TL |
| Current Assets | 24.9 billion TL | Equity | 53.2 mlr TL |
| Financial Debt | 82 million TL | Net Profit | 2.8 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 | 14.1 (+ 47.5% YoY) | 2.8 (+ 28.0% YoY) | 20.1% | 61.5 | 53.2 | 0.1 | 0.2% |
| 2026/3 | 8.9 (+ 60.8% YoY) | 1.6 (+ 142.9% YoY) | 18.1% | 59.0 | 48.7 | 0.0 | 0.0% |
| 2025/12 | 19.9 (+ 74.4% YoY) | 4.8 (+ 511.3% YoY) | 24.2% | 56.4 | 50.4 | 0.0 | 0.0% |
| 2025/9 | 13.4 (+ 32.0% YoY) | 4.6 (+ 562.8% YoY) | 34.2% | 46.2 | 41.6 | 0.0 | 0.0% |
| 2025/6 | 9.5 (+ 34.3% YoY) | 2.2 (- 790.1% YoY) | 23.2% | 39.8 | 36.2 | 0.0 | 0.0% |
| 2025/3 | 5.5 (+ 36.5% YoY) | 0.7 (- 362.3% YoY) | 12.0% | 36.5 | 33.0 | 0.0 | 0.0% |
| 2024/12 | 11.4 | 0.8 | 6.9% | 42.4 | 38.7 | 0.0 | 0.0% |
| 2024/9 | 10.1 | 0.7 | 6.8% | 30.5 | 27.8 | 0.0 | 0.0% |
| 2024/6 | 7.1 | -0.3 | %-4.5 | 27.8 | 24.9 | 0.0 | 0.0% |
| 2024/3 | 4.0 | -0.3 | %-6.2 | 26.4 | 23.1 | 0.0 | 0.1% |
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) 22.63 billion TL, EBITDA 9.26 billion TL — EBITDA margin 40.9% (high EBITDA margin).
- Net profit margin 22.2% (high net profit margin).
- EV/EBITDA 9.6 — reasonable EV/EBITDA.
- Net financial debt NONE - cash 5.52 billion TL more than gross debt.
- Current ratio 4.72 — strong liquidity.
- Dividend yield 1.4%.
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: -1.3%
| Market value | 109.2 billion TL (109.2) |
| Equity (2026/6) | 53.2 bln TL |
| Net profit (last 12 months) | 5.5 bln TL |
| P/E (last 12 months) | 20.0 |
| P/B | 2.05 |
| ROE (last 12 months) | 10.3% |
| Financial debt / equity | 0% |
Source: İş Yatırım financial statements (KAP disclosures) — same source as the balance sheet table.
| EBITDA (last 12 months) | 9.3 bln TL |
| EBITDA margin | 40.9% |
| EV / EBITDA | 9.6 |
EBITDA margin is profitability before interest/depreciation/taxes; it should not be confused with net profit margin.
Macro Sensitivity · Industry (Other) sector
Regime: high inflation + tight monetary policy (6.27 point real interest) · moderate domestic demand
| Trend | negative |
| Score | -1 |
| Channels | interest rate increase, domestic demand increase, commodity decrease |
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) | SELL |
| Wave Trend (indicator) | SELL |
| Channel position | 9% |
| Trend strength (r) | -0.82 |
| Score | 0 |
EMA sequence + Wave Trend + 60-day regression channel. Details: Technical Scan · Stock Center
Last 7 Days News
- Kuveyt Türk organizes gold collection days — Haber 7 · 30.10
- BofA Exceeds 3% Threshold in TRALT and SKBNK — Finans Hattı · 28.10
- TEKNOFEST'in miners were awarded by Türk Altın — Sabah · 27.10
- TEKNOFEST Mining Technologies Competition winners awarded by Türk Altın — DHA | Demirören News Agency · 27.10
- Türk Altın İşletmeleri decided to liquidate the partnership Koza Ltd. — Investing.com Turkey · 26.10
- BofA sold 6.45 million lots in TRALT shares: Share ratio was 2.957 percent — Paratic Haber · 23.10
📋 KAP Notifications
- 23 Ekim 18:16 — Special Situation Disclosure (General)→
- 23 Ekim 17:22 — Share Purchase and Sale Notification→
- 23 Ekim 12:01 — Circuit Breaker Notification on a Share Basis→
- 22 Ekim 18:26 — Notification Regarding Share Buyback→
- 22 Ekim 18:26 — Share Purchase and Sale Notification→
- 22 Ekim 18:25 — Share Purchase and Sale Notification→
- 22 Ekim 14:47 — Circuit Breaker Notification on a Share Basis→
- 21 Ekim 19:03 — Notification Regarding Share Buyback→
All notifications: KAP →
📝 Evaluations· prepared manually · last update: 23.09.2026
📈 Technical Analysis
Turk Altın is trading at 50.15 TL with a 0.20% premium on September 23, 2026. Long-term EMA is in BUY position; short-term and Wave Trend are at SELL — the table is at 1/4 SELL level. Channel position is at 38%, trend strength (r) 0.22 continues to seek direction. The stock is priced 16% above the 60-day low of 43.31 TL and 12% below the 60-day high of 57.04 TL; 60-day return is 7.57%, outperforming the index. Gram gold at a record high of 6.786 TL provides structural support to the stock through the company's gold bar refinery revenues and stock value.
🌍 Macroeconomic Evaluation
Gold theme is one of the strongest stories in the current macro environment: gram gold at a record high of 6.786 TL and the combination of rising ounce price and USD/TL climbing to 48.83 are nominally expanding refinery and processing revenues. Central banks' gold purchases and geopolitical risk premium support the structural rise in ounce price; this trend feeds both the company's trading volume and stock value. Inflation falling to 31.5% and interest rate cut expectations keep alternative return search alive; strong physical gold demand supports refinery capacity utilization. The company's debt-free structure provides resilience independent of the interest rate cycle. Main risks; sharp correction in gold prices, mint/refinery regulations, and sensitivity of high multiples to news flow.
🧾 Balance Sheet Evaluation
Turk Altın increased its sales by 47.5% and net profit by 28.0% in the first half of 2026; in the second quarter, it recorded 5.2 billion TL in sales (+29.2%) and 1.2 billion TL in net profit (-21.0%), with a slight decline in margins. Quarterly net margin is at a high level of 23.6%; the strong performance in refinery and processing margins continues. The company, which generated 24.5 billion TL in sales and 5.5 billion TL in net profit over the last four quarters, has a market cap of ~161 billion TL; with F/K ~29.4x, P/B ~3.0x and EV/EBITDA ~16.5x, it trades at demanding multiples. This valuation reflects the thematic premium created by the gold theme and the liquidity effect of the limited public float. The balance sheet is extraordinarily strong: net debt/equity is 0.2%, effectively debt-free, with a ~21.5 billion TL net cash position. ROE is 10.3%, below inflation; volume growth is needed for profitability scaling. 1.0% dividend yield is symbolic. In summary, TRALT; while drawing a unique profile with its debt-free balance sheet and gold theme, ~29x F/K is pricing in a significant portion of its current growth rate; the stock is sensitive to thematic interest and gold price movements.
This section is manually updated; for informational purposes only, not investment advice.