D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) AI Stock Analysis

D-Market Elektronik Hizmetler ve Ticaret A.S., headquartered in Istanbul, Turkey, operates the online retail platform www.hepsiburada.com. Established in 2000, the company sells consumer goods spanning electronics, books, sports gear, toys, cosmetics, and furniture. It provides grocery, water, and flower delivery via HepsiExpress, last-mile delivery through HepsiJet, and warehousing and fulfillment services via HepsiLojistik. The company also offers pick-up points through HepsiMat, digital advertising through HepsiAd, cross-border retail through HepsiGlobal, payment services through Hepsipay, and flight booking through HepsiFly.

D-Market achieved a 5-year revenue CAGR of 41.0% between FY2020 and FY2025. Annual revenue rose from $24.79B in FY2021 to $84.65B in FY2025, driven by 48.4% growth in the most recent fiscal year. However, operating margin stood at -1.1% in FY2025, and net income was -$5.70B, following a profit of $75.5M in FY2023. Over the trailing twelve months ended June 30, 2026, revenue totaled $62.56B with an operating margin of 0.0% and a net margin of -8.0%. For the latest quarter ended June 30, 2026, revenue increased 36.2% year-over-year.

As of June 30, 2026, D-Market held $9.04B in cash and short-term investments against $2.37B in total debt, yielding net cash of $6.67B. Shareholders' equity was negative at -$582.3M out of $33.10B in total assets, and the current ratio was 0.77. Operating cash flow reached $4.81B in FY2025, and after deducting $2.62B in capital expenditures, free cash flow stood at $2.19B. Over the last five years, the total share count expanded by 14.4%.

At $2.71 per share, D-Market trades at a market capitalization of $1.16B and an enterprise value of $765.4M. Its price-to-sales multiple is 0.5x, compared to 0.7x for the median of its US-listed Consumer Cyclical peers. The stock's EV-to-EBITDA stands at 36.1x, exceeding the peer group median of 11.1x. Over the past year, HEPS returned 2.3%, trailing the 16.8% gain of the S&P 500 benchmark. Over five years, the stock declined 48.1%, compared to an 83.0% return for the index.

Wall Street coverage includes 1 Strong Buy and 1 Hold rating. The mean price target of $3.30 represents a 21.9% premium over the last close of $2.71. For the current fiscal year ending December 31, 2026, analysts estimate revenue of $113.64B and an EPS of -$22.88. For the next fiscal year, two analysts project revenue of $147.33B and an EPS of -$18.01. The company has beaten EPS expectations in 1 of the last 4 quarters, and its next earnings date is November 4, 2026.

This page is an AI-written research summary of D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

Related: HEPS income statement, HEPS balance sheet, HEPS key metrics, HEPS analyst forecast, HEPS chart. See the HEPS stock overview for the latest quote and news.