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TKC 
Turkcell Iletisim Hizmetleri AS (TKC)
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Upturn Advisory Summary
01/09/2026: TKC (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
1 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $7.38
1 Year Target Price $7.38
| 1 | Strong Buy |
| 0 | Buy |
| 0 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 24.85% | Avg. Invested days 37 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  3.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 01/09/2026 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 4.97B USD | Price to earnings Ratio 15.41 | 1Y Target Price 7.38 |
Price to earnings Ratio 15.41 | 1Y Target Price 7.38 | ||
Volume (30-day avg) 1 | Beta 0.8 | 52 Weeks Range 5.24 - 7.32 | Updated Date 01/9/2026 |
52 Weeks Range 5.24 - 7.32 | Updated Date 01/9/2026 | ||
Dividends yield (FY) 3.87% | Basic EPS (TTM) 0.37 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 5.16% | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) 6.48% | Return on Equity (TTM) 6.65% |
Valuation
Trailing PE 15.41 | Forward PE - | Enterprise Value 6072659469 | Price to Sales(TTM) 1.16 |
Enterprise Value 6072659469 | Price to Sales(TTM) 1.16 | ||
Enterprise Value to Revenue 1.41 | Enterprise Value to EBITDA 3.18 | Shares Outstanding 871414600 | Shares Floating 728836748 |
Shares Outstanding 871414600 | Shares Floating 728836748 | ||
Percent Insiders - | Percent Institutions 5.77 |
Upturn AI SWOT
Turkcell Iletisim Hizmetleri AS
Company Overview
History and Background
Turkcell Iletisim Hizmetleri AS was established in 1994 as the first and largest mobile telecommunications operator in Turkey. It launched its GSM services in 1994 and has since expanded significantly, becoming a major player in digital communication and technology services not only in Turkey but also in surrounding regions. Key milestones include its IPO on the Istanbul Stock Exchange (BIST) in 2000 and the New York Stock Exchange (NYSE) in 2000, its continuous expansion into new markets (e.g., Ukraine, Kazakhstan), and its diversification into digital services like TV+, BiP, and fizy.
Core Business Areas
- Telecommunications Services: Provides mobile voice and data services (2G, 3G, 4G, and 5G-ready infrastructure) to individual and corporate customers. This includes prepaid and postpaid subscriptions, roaming services, and wholesale services.
- Digital Services and Convergence: Offers a range of digital services including Turkcell TV+ (OTT TV platform), BiP (messaging and calling app), fizy (music streaming), lifebox (cloud storage), and SuperOnline (broadband internet services). This segment focuses on creating an integrated digital ecosystem.
- Technology and Innovation: Invests in and develops new technologies, including IoT solutions, fintech services, and enterprise solutions. Turkcell also actively participates in research and development to drive digital transformation.
Leadership and Structure
Turkcell is led by a Board of Directors and a management team responsible for its strategic direction and operational execution. The company has a hierarchical organizational structure with divisions dedicated to specific business areas such as consumer mobility, enterprise solutions, digital services, and technology.
Top Products and Market Share
Key Offerings
- Mobile Telecommunications Services: Turkcell's core offering. It includes various voice and data plans for consumers and businesses. Competitors include Vodafone Turkey and Tu00fcrk Telekom (Avea). Market share in Turkey's mobile sector is substantial, often around 30-40% for subscribers.
- SuperOnline Broadband: High-speed internet services for residential and corporate customers. Competitors include Tu00fcrk Telekom and other smaller ISPs. Significant player in the Turkish fixed broadband market.
- Turkcell TV+: An over-the-top (OTT) television and video streaming platform. Competitors include Netflix, Amazon Prime Video, and local players like BluTV. A key part of Turkcell's convergence strategy.
- BiP: A secure messaging and calling application designed as an alternative to global platforms. It aims to build a local digital ecosystem. Competitors include WhatsApp, Telegram, and Signal.
Market Dynamics
Industry Overview
The telecommunications industry in Turkey is mature and highly competitive, characterized by a focus on data consumption, digitalization, and the rollout of advanced technologies like 5G. The sector is also influenced by regulatory frameworks, economic conditions, and evolving consumer demands for integrated digital services.
Positioning
Turkcell is a leading telecommunications and digital services provider in Turkey, known for its strong brand, extensive network coverage, and innovative digital offerings. Its competitive advantages lie in its integrated ecosystem, loyal customer base, and continuous investment in technology. It aims to be a digital operator, moving beyond traditional connectivity.
Total Addressable Market (TAM)
The TAM for telecommunications and digital services in Turkey is substantial, encompassing mobile subscriptions, fixed broadband, digital content, and enterprise solutions. Turkcell is a dominant player within this TAM, holding significant market share in core segments and actively expanding its presence in emerging digital service areas.
Upturn SWOT Analysis
Strengths
- Strong brand recognition and customer loyalty in Turkey.
- Extensive and robust mobile network infrastructure.
- Diversified business model with strong presence in digital services.
- Pioneering role in technological adoption (e.g., 4.5G, digital services).
- Significant market share in the Turkish telecommunications sector.
Weaknesses
- High dependence on the Turkish market, making it vulnerable to local economic fluctuations.
- Intense competition from both local and international players.
- Capital expenditure required for network upgrades and new technology deployment.
- Currency volatility impacting international debt and operational costs.
Opportunities
- Expansion of 5G services and related applications.
- Growth in the digital services ecosystem (IoT, cloud, fintech, gaming).
- Leveraging its customer base for cross-selling and up-selling digital products.
- Potential for international expansion or strategic partnerships.
- Increasing demand for enterprise digital transformation solutions.
Threats
- Intensifying competition leading to price wars and margin erosion.
- Regulatory changes and government policies impacting the telecom sector.
- Global economic downturns affecting consumer spending on telecom and digital services.
- Cybersecurity threats and data privacy concerns.
- Rapid technological obsolescence requiring continuous investment.
Competitors and Market Share
Key Competitors
- Vodafone Turkey (VOD)
- Tu00fcrk Telekom (TTKOM)
Competitive Landscape
Turkcell competes fiercely with Vodafone Turkey and Tu00fcrk Telekom in the mobile and fixed broadband segments. Its advantages include a strong brand and a more integrated digital ecosystem. Challenges include intense price competition and the need for continuous network and service innovation to maintain its leading position.
Major Acquisitions
Superonline
- Year: 2007
- Acquisition Price (USD millions): 200
- Strategic Rationale: To expand into the fixed broadband and home internet market, complementing its mobile offerings and building a converged communication services provider.
Turkcell Tech
- Year: 2015
- Acquisition Price (USD millions):
- Strategic Rationale: To consolidate and enhance its capabilities in software development, R&D, and digital services, fostering innovation and developing new technology solutions.
Growth Trajectory and Initiatives
Historical Growth: Turkcell has demonstrated consistent revenue growth over the years, driven by subscriber acquisition, data usage increases, and expansion into digital services. Profitability has seen fluctuations due to market dynamics, currency effects, and investment cycles.
Future Projections: Analyst estimates for future growth would typically focus on subscriber growth, average revenue per user (ARPU), the performance of digital services, and the impact of potential 5G rollout. Projections would be presented as expected revenue and EPS growth rates.
Recent Initiatives: Recent strategic initiatives include further strengthening its digital services portfolio, investing in 5G technology, expanding its fiber broadband services, and exploring new venture opportunities in areas like fintech and cloud computing. The focus is on becoming a digital operator.
Summary
Turkcell Iletisim Hizmetleri AS is a dominant telecommunications and digital services provider in Turkey with a strong market position and brand. Its diversified business model, encompassing mobile, broadband, and digital services, provides resilience. Key areas of focus are digital transformation and technological innovation, crucial for future growth. Challenges include intense competition, economic volatility, and currency risks, requiring prudent financial management and strategic agility.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Turkcell Investor Relations Website
- Financial News Agencies (e.g., Reuters, Bloomberg)
- Industry Analyst Reports
- Company Annual Reports and Filings
Disclaimers:
The information provided is for informational purposes only and does not constitute financial advice. Market share data and financial figures are estimates and subject to change. Investors should conduct their own due diligence before making any investment decisions. Currency conversions and specific financial data require access to up-to-date company filings.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Turkcell Iletisim Hizmetleri AS
Exchange NYSE | Headquaters - | ||
IPO Launch date 2000-07-11 | CEO - | ||
Sector Communication Services | Industry Telecom Services | Full time employees - | Website https://www.turkcell.com.tr |
Full time employees - | Website https://www.turkcell.com.tr | ||
Turkcell Iletisim Hizmetleri A.S., together with its subsidiaries, provides converged telecommunication and technology services in Turkey, Belarus, Turkish Republic of Northern Cyprus, and the Netherlands. It operates through the Turkcell Turkiye, Turkcell International, and Techfin segments. The company offers voice services; international roaming services; mobile services, including wholesale IoT and access and call origination services; and tower and satellite services. It also provides fixed data services, such as capacity, IP, ethernet, manageable network, hosting and data center, wholesale fiber data flow access services, and security services, as well as digital services. In addition, the company is involved in information technology, value added GSM services, and entertainment investments; telecommunications, television, and content services; property investments; trade, wholesale, and retail of electricity; insurance agency activities; telecommunications infrastructure and investment; and customer relations and human resources management. Further, it offers consumer financing services; cloud solutions services; online radio, television, and on-demand streaming services; radio, television, and on-demand streaming services; and electronic payment services. Turkcell Iletisim Hizmetleri A.S. was incorporated in 1993 and is headquartered in Istanbul, Turkey.
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