{"id":25530,"date":"2024-06-12T07:41:27","date_gmt":"2024-06-12T07:41:27","guid":{"rendered":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2024\/06\/12\/dev-araci-kurumdan-kocaer-celik-kcaer-bilanco-degerlendirmesi\/"},"modified":"2024-06-12T07:41:27","modified_gmt":"2024-06-12T07:41:27","slug":"dev-araci-kurumdan-kocaer-celik-kcaer-bilanco-degerlendirmesi","status":"publish","type":"post","link":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2024\/06\/12\/dev-araci-kurumdan-kocaer-celik-kcaer-bilanco-degerlendirmesi\/","title":{"rendered":"Dev arac\u0131 kurumdan Kocaer \u00c7elik (KCAER) bilan\u00e7o de\u011ferlendirmesi"},"content":{"rendered":"<p>Kocaer \u00c7elik Sanayi ve Ticaret A.\u015e.\u00a0(KCAER) 2024 y\u0131l\u0131 birinci \u00e7eyrek finansal sonu\u00e7lar\u0131 4 Haziran g\u00fcn\u00fc kamuya a\u00e7\u0131kland\u0131. Bilan\u00e7o sonras\u0131 ilk i\u015flem g\u00fcn\u00fcnde sakin bir seyir g\u00f6r\u00fclen \u015firketin finansal tablolar\u0131 i\u00e7in de\u011ferlendirme, Gedik Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e.\u2019den geldi. Kurum de\u011ferlendirmesinde \u015fu ifadeleri kulland\u0131;<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"575\" src=\"https:\/\/rotaborsa.com\/wp-content\/uploads\/2023\/02\/kcaer-large.webp\" alt=\"| Rota Borsa\" class=\"wp-image-14617\" title=\"Dev arac\u0131 kurumdan Erdemir Ere\u011fli Demir \u00c7elik (EREGL) bilan\u00e7o de\u011ferlendirmesi! 9 HABERLER, G\u00fcndemdekiler, \u015eirket Haberleri Rota Borsa\" \/><\/figure>\n<p>Buna g\u00f6re 2024 y\u0131l\u0131n\u0131n ilk \u00fc\u00e7 ay\u0131nda ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re net sat\u0131\u015flar\u0131 reel olarak ,52 d\u00fc\u015f\u00fc\u015fle 3.865 milyon TL seviyesinde ger\u00e7ekle\u015fmi\u015ftir. 2024 y\u0131l\u0131n\u0131n ilk \u00fc\u00e7 ay\u0131nda ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re FAV\u00d6K\u2019\u00fc reel olarak 6,37 art\u0131\u015fla 489 milyon TL seviyesinde ger\u00e7ekle\u015fmi\u015ftir. 2024 y\u0131l\u0131n\u0131n ilk \u00fc\u00e7 ay\u0131nda ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re FAV\u00d6K marj\u0131 reel olarak 444,16 baz puan art\u0131\u015fla %<br \/>12,65 olmu\u015ftur. 2024 y\u0131l\u0131n\u0131n ilk \u00fc\u00e7 ay\u0131nda ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re net kar\u0131 reel olarak %2,91 d\u00fc\u015f\u00fc\u015fle 96 milyon TL seviyesinde ger\u00e7ekle\u015fmi\u015ftir.  \u015eirket, 1\u00c724\u2019te 3.865 mn TL sat\u0131\u015f geliri (y\u0131ll\u0131k: -), 489 mn TL FAV\u00d6K (y\u0131ll\u0131k:  6) ve 96 mn TL net kar (y\u0131ll\u0131k: -%3) a\u00e7\u0131klam\u0131\u015ft\u0131r. Operasyonel sonu\u00e7lar g\u00fc\u00e7l\u00fcyken, sat\u0131\u015f hacimlerindeki azal\u0131\u015f beklentilerimizin \u00fczerindedir. K\u00fcresel \u00e7elik piyasalar\u0131nda emtia fiyatlar\u0131ndaki d\u00fc\u015f\u00fc\u015flere paralel olarak, \u00fcr\u00fcn sat\u0131\u015f fiyatlar\u0131ndaki d\u00fc\u015f\u00fc\u015f ve sat\u0131\u015f hacminin y\u0131ll\u0131k bazda azalmas\u0131 nedeniyle sat\u0131\u015f gelirleri ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re daralm\u0131\u015ft\u0131r. Ancak hammadde fiyatlar\u0131ndaki azal\u0131\u015f ve efektif maliyet y\u00f6netimi sonras\u0131 br\u00fct kar marj\u0131 1\u00c724\u2019te y\u0131ll\u0131k 553bp\u2019l\u0131k geni\u015flemeyle ,2 olmu\u015ftur. Di\u011fer taraftan sat\u0131\u015f hacmi y\u0131ll\u0131k %9 azal\u0131\u015fla 125 bin ton (1\u00c723: 138 bin ton) olarak ger\u00e7ekle\u015fmi\u015ftir. Alia\u011fa A1 Fabrikas\u0131 yat\u0131r\u0131m s\u00fcrecinde \u00e7eyrek ba\u015f\u0131nda 66 g\u00fcnl\u00fck planl\u0131 \u00fcretim duru\u015fu da \u00fcretimin d\u00fc\u015f\u00fck olmas\u0131n\u0131n bir di\u011fer nedenidir. Operasyonel fig\u00fcrlerin g\u00fc\u00e7l\u00fc olmas\u0131na<br \/>ra\u011fmen, FAV\u00d6K alt\u0131ndaki kalemler karl\u0131l\u0131k \u00fczerinde bask\u0131 olu\u015fturmu\u015ftur. Net finansal giderler y\u0131ll\u0131k bazda nerdeyse 2 kat\u0131na \u00e7\u0131karak 288 milyon TL olmu\u015f, bu da r\u00f6latif olarak zay\u0131f net kar\u0131n ana nedenidir. Net bor\u00e7 y\u0131ll\u0131k @ azalm\u0131\u015ft\u0131r. Son birka\u00e7 \u00e7eyrekteki nispeten y\u00fcksek sermaye harcamalar\u0131na ra\u011fmen, k\u0131r\u0131lgan makroekonomik ortamda bor\u00e7luluk oran\u0131n\u0131n d\u00fc\u015f\u00fcr\u00fclmesi, \u015firketin uzun vadeli hedefleri a\u00e7\u0131s\u0131ndan olumlu olabilir. 2023 y\u0131l\u0131nda yurti\u00e7i demir ve \u00e7elik sekt\u00f6r\u00fcndeki daralmaya ve ihracattaki hacim d\u00fc\u015f\u00fc\u015flerine ra\u011fmen, \u015firket 2023 y\u0131l\u0131nda sat\u0131\u015f hacmini 561 bin tona (2022: 533 bin ton) \u00e7\u0131kararak di\u011fer sekt\u00f6r oyuncular\u0131ndan olumlu bir \u015fekilde ayr\u0131\u015fm\u0131\u015ft\u0131r. K\u00fcresel talep daralmas\u0131, yap\u0131sal ve katma de\u011ferli \u00fcr\u00fcnlerin sat\u0131\u015f ivmesini yava\u015flatm\u0131\u015f, ancak \u015firketin katma de\u011ferli \u00fcr\u00fcnlerin sat\u0131\u015f hacmi yatay kalm\u0131\u015f ve \u015firket pazar konumu g\u00fc\u00e7lendirmeyi ba\u015farm\u0131\u015ft\u0131r. Makro ekonomik ko\u015fullar ve k\u00fcresel pazar b\u00fcy\u00fckl\u00fc\u011f\u00fc d\u00fc\u015f\u00fcn\u00fcld\u00fc\u011f\u00fcnde \u015firket i\u00e7in bu durumun olumlu oldu\u011funu d\u00fc\u015f\u00fcn\u00fcyoruz. Temel olarak katma de\u011ferli \u00fcr\u00fcnlerin \u00fcretildi\u011fi A2 fabrikas\u0131ndaki planl\u0131 kapanma, s\u00f6z konusu \u00fcr\u00fcnlerin pay\u0131n\u0131n ge\u00e7en y\u0131lki B\u2019den 9,4\u2019e gerilemesine neden olmu\u015ftur. \u0130leriye d\u00f6n\u00fck olarak, katma de\u011ferli \u00fcr\u00fcnlerin pay\u0131n\u0131n daha y\u00fcksek olmas\u0131n\u0131 (2024T: H,7) ve ton ba\u015f\u0131na FAV\u00d6K rakamlar\u0131n\u0131n (2024T: 170 USD) daha y\u00fcksek olmas\u0131n\u0131 bekliyoruz. Hisse 2024 ve 2025 y\u0131l\u0131 beklentilerine g\u00f6re s\u0131ras\u0131yla 8,7x ve 6,1x FD\/FAV\u00d6K ile i\u015flem g\u00f6rmektedir. Finansal sonu\u00e7lar\u0131n hisse \u00fczerindeki etkisini s\u0131n\u0131rl\u0131 pozitif olarak de\u011ferlendiriyoruz.<\/p>\n<p>Gedik Yat\u0131r\u0131m yasal uyar\u0131s\u0131<\/p>\n<div class=\"kanews-banner kanews-banner-single\">\n<div style=\"min-height:280px\" data-empower-zone=\"159899\" class=\"empower-ad\"><\/div>\n<\/div>\n<p>Burada yer alan bilgiler Gedik Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e. taraf\u0131ndan genel bilgilendirme amac\u0131 ile haz\u0131rlanm\u0131\u015ft\u0131r. Yat\u0131r\u0131m Dan\u0131\u015fmanl\u0131\u011f\u0131 hizmeti; arac\u0131 kurumlar, portf\u00f6y y\u00f6netim \u015firketleri, mevduat kabul etmeyen bankalar ile m\u00fc\u015fteri aras\u0131nda imzalanacak Yat\u0131r\u0131m Dan\u0131\u015fmanl\u0131\u011f\u0131 s\u00f6zle\u015fmesi \u00e7er\u00e7evesinde sunulmaktad\u0131r. Burada yer alan yorum ve tavsiyeler, yorum ve tavsiyede bulunanlar\u0131n ki\u015fisel g\u00f6r\u00fc\u015flerine dayanmaktad\u0131r. Herhangi bir yat\u0131r\u0131m arac\u0131n\u0131n al\u0131m-sat\u0131m \u00f6nerisi ya da getiri vaadi olarak yorumlanmamal\u0131d\u0131r. Bu g\u00f6r\u00fc\u015fler mali durumunuz ile risk ve getiri tercihlerinize uygun olmayabilir. Bu nedenle, sadece burada yer alan bilgilere dayanarak yat\u0131r\u0131m karar\u0131 verilmesi beklentilerinize uygun sonu\u00e7lar do\u011furmayabilir. Burada yer alan fiyatlar, veriler ve bilgilerin tam ve do\u011fru oldu\u011fu garanti edilemez; i\u00e7erik, haber verilmeksizin de\u011fi\u015ftirilebilir. T\u00fcm veriler, Gedik Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e. taraf\u0131ndan g\u00fcvenilir oldu\u011funa inan\u0131lan kaynaklardan al\u0131nm\u0131\u015ft\u0131r. Bu kaynaklar\u0131n kullan\u0131lmas\u0131 nedeni ile ortaya \u00e7\u0131kabilecek hatalardan Gedik Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e. sorumlu de\u011fildir.<\/p>\n<p><a href=\"https:\/\/t.me\/rotaborsa_halkaarz\" target=\"_blank\" rel=\"noreferrer noopener\"><strong><mark><mark style=\"background-color:#ffffff\" class=\"has-inline-color has-vivid-red-color\">Borsa ve halka arzlar ile ilgili geli\u015fmeleri en h\u0131zl\u0131 \u015fekilde \u00f6\u011frenmek ve Rotaborsa telegram hesab\u0131n\u0131 takip etmek i\u00e7in t\u0131klay\u0131n\u0131z.<\/mark><\/mark><\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kocaer \u00c7elik Sanayi ve Ticaret A.\u015e.\u00a0(KCAER) 2024 y\u0131l\u0131 birinci \u00e7eyrek finansal sonu\u00e7lar\u0131 4 Haziran g\u00fcn\u00fc kamuya a\u00e7\u0131kland\u0131. Bilan\u00e7o sonras\u0131 ilk i\u015flem g\u00fcn\u00fcnde sakin bir seyir g\u00f6r\u00fclen \u015firketin finansal tablolar\u0131 i\u00e7in de\u011ferlendirme, Gedik Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e.\u2019den geldi. Kurum de\u011ferlendirmesinde \u015fu ifadeleri kulland\u0131; Buna g\u00f6re 2024 y\u0131l\u0131n\u0131n ilk \u00fc\u00e7 ay\u0131nda ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re net [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25531,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-25530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-borsa-haberleri"],"_links":{"self":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts\/25530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/comments?post=25530"}],"version-history":[{"count":0,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts\/25530\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media\/25531"}],"wp:attachment":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media?parent=25530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/categories?post=25530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/tags?post=25530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}