Discounted Cash Flow

Turkcell Iletisim Hizmetleri A S ADR

TKC · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $14.1b $1.5b $-2.0b 10.6% $0.68
2017 $17.0b (20.7%) $2.0b (32.6%) $164.1m (108.3%) 11.6% (9.9%) $0.90 (32.4%)
2018 $21.3b (25.1%) $2.0b (2.1%) $2.9b (1648.8%) 9.5% (-18.3%) $0.93 (3.3%)
2019 $25.1b (18.1%) $3.2b (60.6%) $5.8b (103.2%) 12.9% (36.1%) $1.49 (60.2%)
2020 $29.1b (15.8%) $4.2b (30.5%) $9.2b (57.6%) 14.6% (12.7%) $1.94 (30.2%)
2021 $35.9b (23.4%) $5.0b (18.7%) $14.4b (56.5%) 14.0% (-3.8%) $2.30 (18.6%)
2022 $61.5b (71.3%) $4.2b (-17.0%) $16.3b (13.2%) 6.8% (-51.6%) $1.90 (-17.4%)
2023 $107.1b (74.0%) $12.6b (200.6%) $27.5b (69.0%) 11.7% (72.7%) $5.75 (202.6%)
2024 $166.7b (55.6%) $16.0b (27.1%) $32.6b (18.4%) 9.6% (-18.3%) $10.79 (87.7%)
2025 $241.5b (44.9%) $31.2b (95.5%) $52.7b (61.7%) 12.9% (35.0%) $8.08 (-25.1%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Values abbreviated: b = billions, m = millions, k = thousands.

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model