D-MARKET Electronic Services & Trading
HEPS
2.65
+0.19
+7.72%
D-MARKET Electronic Services & Trading
US · HEPS
#3159 by market cap
Listed 2021
2.65
+0.19
+7.72%
Live - 5344 symbols - heartbeat 226s ago
· 2026-10-08 08:26
Pre-market
2.65
0.00%
After-hours
2.60
-1.89%
Overnight
2.65
0.00%
- Market cap
- 1.14B
- P/E (TTM)i
- -6.54
- P/Bi
- -94.64
- EPSi
- -0.31
- Div yieldi
- 0.00%
- 52W posi
- 42%
Reader sentiment
Are you bullish or bearish on HEPS?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 1.41, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +13.37% YoY
Margins
- Gross margin
- 36.23%
- Operating margin
- -1.07%
- Net margin
- -6.73%
Key ratios & quality
- Altman Z-Scorei
- 1.41
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.96B | 2.60B | 15.17B | 24.79B | 38.23B | 67.20B | 74.67B | 84.65B |
| Gross profit | 436.09M | 756.63M | 3.32B | 5.35B | 8.31B | 20.35B | 28.00B | 30.67B |
| Selling & admin expenses | 362.67M | 536.03M | 3.65B | 10.88B | 12.79B | 18.31B | 22.90B | 26.46B |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | -46.97M | 107.38M | -778.32M | -6.34B | -6.53B | -1.21B | 566.71M | -901.62M |
| Pretax profit | -161.32M | -131.65M | -936.59M | -3.33B | -6.92B | 142.74M | -2.10B | -5.74B |
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -43.15M |
| Net profit | -161.32M | -131.65M | -936.59M | -3.33B | -6.92B | 142.74M | -2.10B | -5.70B |
| Basic EPS | 0 | 0 | -3 | -11 | -21 | 0 | -6 | -15 |
| Diluted EPS | -0.49 | -0.40 | -2.87 | -10.93 | -21.20 | 0.44 | -6.40 | -15.31 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 18.83B | 22.12B | 19.92B | 30.34B | 23.14B | 22.81B |
| Gross profit | 6.97B | 8.37B | 7.41B | 10.38B | 8.50B | 8.62B |
| Selling & admin expenses | 5.87B | 6.22B | 6.51B | 9.78B | 7.29B | 7.61B |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | -513.94M | 502.26M | -590.55M | 277.41M | -439.57M | -668.74M |
| Pretax profit | -464.69M | -956.25M | -1.32B | -3.23B | -961.22M | -1.89B |
| Tax | 0 | 0 | 0 | -43.15M | 30.75M | -2.33M |
| Net profit | -464.69M | -956.25M | -1.32B | -3.19B | -991.97M | -1.89B |
| Basic EPS | -1 | -3 | -4 | -10 | -3 | -5 |
| Diluted EPS | -1.40 | -2.90 | -4.10 | -10.00 | -2.70 | -5.10 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 419.44M | 779.77M | 1.69B | 11.82B | 13.80B | 21.11B | 27.30B | 29.67B |
| Cash & ST investments | 136.48M | 282.30M | 592.64M | 8.17B | 8.71B | 10.43B | 11.96B | 13.32B |
| Inventory | 202.54M | 366.42M | 770.14M | 2.88B | 2.95B | 5.72B | 7.86B | 8.73B |
| Total assets | 641.47M | 956.00M | 1.96B | 13.39B | 16.59B | 25.38B | 34.22B | 36.95B |
| Total current liabilities | 892.02M | 1.21B | 2.66B | 8.22B | 12.76B | 19.70B | 28.25B | 33.39B |
| Short-term debt | 149.58M | 45.34M | 398.65M | 496.91M | 280.88M | 488.07M | 2.74B | 1.65B |
| Long-term debt | 518.07K | -- | -- | -- | 18.00M | 4.06M | -- | -- |
| Total liabilities | 999,470,319.00 | 1,266,833,569.00 | 2,752,289,000.00 | 8,574,677,000.00 | 13,222,505,000.00 | 20,614,164,000.00 | 29,874,123,000.00 | 34,934,994,000.00 |
| Total equity | -358.00M | -310.83M | -787.33M | 4.81B | 3.37B | 4.77B | 4.35B | 2.01B |
| Retained earnings | -- | -- | -- | -- | -- | -17.54B | -25.09B | -18.33B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 20.35B | 23.01B | 25.79B | 29.67B | 24.44B | 24.53B |
| Cash & ST investments | 7.29B | 8.90B | 9.31B | 13.32B | 9.84B | 9.04B |
| Inventory | 7.00B | 7.40B | 9.59B | 8.73B | 8.21B | 8.87B |
| Total assets | 26.37B | 29.17B | 32.79B | 36.95B | 32.39B | 33.10B |
| Total current liabilities | 21.64B | 24.98B | 30.48B | 33.39B | 29.80B | 31.97B |
| Short-term debt | 2.03B | 1.77B | 2.01B | 1.65B | 1.66B | 1.51B |
| Long-term debt | -- | -- | -- | -- | -- | -- |
| Total liabilities | 23,030,690,000.00 | 26,329,189,000.00 | 31,927,092,000.00 | 34,934,994,000.00 | 31,167,447,000.00 | 33,681,097,000.00 |
| Total equity | 3.34B | 2.84B | 862.22M | 2.01B | 1.22B | -582.28M |
| Retained earnings | -21.45B | -23.46B | -25.96B | -18.33B | -21.16B | -24.54B |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 168.21M | 363.78M | 1.10B | -47.39M | 1.02B | 9.49B | 7.46B | 11.28B |
| Depreciation & amortization | 78.27M | 66.29M | 301.62M | 637.01M | 1.22B | 2.22B | 2.68B | 3.17B |
| Free cash flow | 118.87M | 310.22M | 852.27M | -692.48M | -990.82M | 7.30B | 4.83B | 8.87B |
| Dividends paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock buybacks / issuance | -- | 180.00M | 0 | 13.62B | 0 | -90.75M | 0 | 4.17B |
| Ending cash balance | 136.22M | 281.98M | 1.32B | 10.32B | 12.51B | 10.39B | 8.83B | 11.30B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | -441.33M | 5.08B | 2.25B | 4.39B | -395.09M | 2.25B |
| Depreciation & amortization | 860.23M | 992.25M | 419.28M | 899.67M | 862.59M | 993.36M |
| Free cash flow | -1.22B | 4.41B | 2.00B | 3.69B | -1.12B | 1.47B |
| Dividends paid | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock buybacks / issuance | -- | -- | -- | 4.17B | -- | -- |
| Ending cash balance | 8.94B | 9.36B | 7.40B | 11.30B | 7.91B | 7.00B |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -- | -- | -- | -74.13 | -123.23 | 2.83 | -48.46 | -213.73 |
| ROA %i | -25.15 | -16.48 | -32.49 | -14.22 | -32.40 | 0.55 | -7.34 | -18.07 |
| ROIC %i | -- | -- | -- | -43.43 | -106.99 | 18.89 | -39.54 | -112.67 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- | -- | -111.29 |
| EBIT margin %i | -5.84 | -2.42 | -5.51 | -7.00 | -15.98 | 4.09 | 2.21 | -1.81 |
| FCF / sales %i | 6.08 | 11.91 | 5.35 | -- | -- | 10.87 | 6.46 | 10.48 |
| Current ratioi | 0.47 | 0.65 | 0.64 | 1.44 | 1.08 | 1.07 | 0.97 | 0.89 |
| Quick ratioi | 0.22 | 0.33 | 0.34 | 1.07 | 0.81 | 0.73 | 0.66 | 0.59 |
| Debt / assetsi | 39.85 | 10.80 | 25.01 | 4.96 | 2.84 | 2.63 | 10.23 | 6.57 |
| LT debt / equityi | -- | -- | -- | 3.48 | 5.67 | 3.77 | 17.57 | 38.69 |
| Interest coveragei | -2.43 | -0.92 | -2.85 | -3.09 | -7.55 | 1.05 | 0.44 | -0.37 |
| Revenue CAGR (3Y) %i | -- | -- | -- | 133.18 | 144.87 | 64.23 | 44.41 | 30.34 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | 104.65 | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -50.56 | -61.57 | -129.75 | -213.73 | -272.77 | -636.49 |
| ROA %i | -7.62 | -8.02 | -10.26 | -18.07 | -21.19 | -23.11 |
| ROIC %i | -37.30 | -39.57 | -49.96 | -112.67 | -108.86 | -153.78 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 1.81 | 2.23 | 1.72 | -1.81 | -1.50 | -2.38 |
| FCF / sales %i | 2.39 | 9.29 | 9.74 | 10.48 | 10.08 | 6.71 |
| Current ratioi | 0.94 | 0.92 | 0.85 | 0.89 | 0.82 | 0.77 |
| Quick ratioi | 0.57 | 0.59 | 0.49 | 0.59 | 0.49 | 0.45 |
| Debt / assetsi | 10.42 | 8.35 | 8.47 | 6.57 | 7.01 | 7.15 |
| LT debt / equityi | 21.42 | 23.38 | 88.77 | 38.69 | 49.92 | -- |
| Interest coveragei | 0.36 | 0.40 | 0.27 | -0.37 | -0.27 | -0.42 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
Revenue breakdown most recent period
Business
E-commerce Operations100.00%
Region
Turkey100.00%
Quote time 2026-10-08 08:26:56 · For reference only, not investment advice and not tailored to your situation.