{"id":37398,"date":"2024-12-29T19:01:11","date_gmt":"2024-12-29T19:01:11","guid":{"rendered":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2024\/12\/29\/finansman-gideri-yuksek-bist-100-sirketleri\/"},"modified":"2024-12-29T19:01:11","modified_gmt":"2024-12-29T19:01:11","slug":"finansman-gideri-yuksek-bist-100-sirketleri","status":"publish","type":"post","link":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2024\/12\/29\/finansman-gideri-yuksek-bist-100-sirketleri\/","title":{"rendered":"Finansman gideri y\u00fcksek BIST 100 \u015firketleri"},"content":{"rendered":"<p>2024 y\u0131l\u0131n\u0131n son g\u00fcnlerinde GCM Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e. bir rapor yay\u0131nlayarak, Net Finansman Gideri Y\u00fcksek BIST100 \u015eirketlerini s\u0131ralad\u0131. Listede Kocaer \u00c7elik Sanayi ve Ticaret A.\u015e.\u00a0(KCAER), Zorlu Holding \u015firketi Zorlu Enerji Elektrik \u00dcretim A.\u015e.\u00a0(ZOREN), Borusan Birle\u015fik Boru Fabrikalar\u0131 Sanayi ve Ticaret A.\u015e.\u00a0(BRSAN), Agrotech Y\u00fcksek Teknoloji ve Yat\u0131r\u0131m A.\u015e.\u00a0(AGROT), CW Enerji M\u00fchendislik Ticaret ve Sanayi A.\u015e.\u00a0(CWENE), T\u00fcrkiye \u015ei\u015fe ve Cam Fabrikalar\u0131 A.\u015e.\u00a0(SISE), Ko\u00e7 Holding A.\u015e.\u00a0(KCHOL), Enerjisa Enerji A.\u015e.\u00a0(ENJSA) gibi \u015firketler de yer ald\u0131. \u0130\u015fte detaylar\u2026<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"576\" src=\"https:\/\/rotaborsa.com\/wp-content\/uploads\/2024\/12\/borsa-3-1024x576.jpg\" alt=\"| Rota Borsa\" class=\"wp-image-257453\" title=\"| Rota Borsa\" \/><\/figure>\n<h2 class=\"wp-block-heading\">Halka a\u00e7\u0131k \u015firket haberleri<\/h2>\n<p><strong>Net Finansman Gideri Y\u00fcksek BIST100 \u015eirketleri<\/strong><\/p>\n<p>\u201cBorsa \u0130stanbul\u2019da y\u0131lsonuna yakla\u015f\u0131rken 8.500 seviyelerinden 10.500 seviyelerine yak\u0131nsayan\u00a0B\u0130ST100\u00a0endeksinin d\u00fczeltme hareketi \u00e7ift y\u00f6nl\u00fc volatiliteyi art\u0131rd\u0131. Yurti\u00e7inde PMI verileri genel bak\u0131\u015fta g\u0131da sekt\u00f6r\u00fc d\u0131\u015f\u0131nda a\u011f\u0131rl\u0131kla zay\u0131f seyrine devam ediyorken temel anlamda zay\u0131fl\u0131\u011f\u0131n devam etti\u011fini s\u00f6ylemek m\u00fcmk\u00fcn denebilir.<\/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>Di\u011fer yandan ge\u00e7ti\u011fimiz g\u00fcnlerde asgari \u00fccret komisyonunun karar\u0131 \u00e7er\u00e7evesinde 2025 y\u0131l\u0131nda uygulanacak asgari \u00fccret ge\u00e7en y\u0131la g\u00f6re y\u00fczde 30 oran\u0131nda zamland\u0131. Br\u00fct asgari \u00fccret 26 bin 5 lira, net asgari \u00fccret de 22 bin 104 lira oldu.<\/p>\n<p>Al\u0131nan karar\u0131n enflasyon risklerine kar\u015f\u0131 s\u0131k\u0131 politikan\u0131n devam etti\u011fi mevcut ortama z\u0131t d\u00fc\u015fmeyen bir \u00f6l\u00e7\u00fcde olmas\u0131, ilk etapta piyasa taraf\u0131ndan olumlu kar\u015f\u0131land\u0131. Faiz indirim d\u00f6ng\u00fcs\u00fcn\u00fcn resmen ba\u015flam\u0131\u015f olmas\u0131 faiz hassasiyetine ba\u011fl\u0131 k\u00e2rl\u0131l\u0131k \u00fczerindeki etkisi y\u00fcksek \u015firket ve sekt\u00f6rlerde yukar\u0131 y\u00f6nl\u00fc hareketlere sebep oldu.<\/p>\n<p>Di\u011fer yandan \u015firketler \u00f6zelinde d\u00f6nemin y\u00fcksek faiz \u015fartlar\u0131na ba\u011fl\u0131 finansman y\u00fck\u00fcn\u00fcn \u015firketlerin k\u00e2r\u0131na oranla y\u00fcksek olan \u015firketler i\u00e7in umut \u0131\u015f\u0131\u011f\u0131 olu\u015fturdu. Her ne kadar faiz indirim s\u00fcrecinde yumu\u015fak ini\u015f ve veriye odakl\u0131 kontroll\u00fc bir yol haritas\u0131ndan bahsedilse de; gelecekte finansman y\u00fck\u00fc y\u00fcksek \u015firketlerde bahsedilen finansman giderlerinin, faizlerin gerilemeye ba\u015flamas\u0131yla hafiflemeye ba\u015flayabilece\u011fi akla gelenler aras\u0131nda oldu.<\/p>\n<p>Bu \u00e7al\u0131\u015fmada \u015firketlerin 9A finansallar\u0131nda a\u00e7\u0131klam\u0131\u015f olduklar\u0131 net k\u00e2r rakam\u0131, net finansman gideri y\u00fck\u00fcne ba\u011fl\u0131 zay\u0131flayan \u015firketleri tespit etmeye \u00e7al\u0131\u015ft\u0131k. Ama\u00e7 gelecek s\u00fcre\u00e7te faiz indirimi ile \u2018finansman y\u00fck\u00fc etkisi y\u00fcksek olup, hafifleyebilecek \u015firketler hangileri?\u2019 sorusuna cevap bulmak oldu. Ek olarak defter de\u011ferine k\u0131yasla piyasa de\u011feri endekse g\u00f6rece makul olan \u015firketler \u00fczerinde duruldu.<\/p>\n<p><strong>Bu anlamda a\u015fa\u011f\u0131da verilen kriterler filtrelenerek B\u0130ST100 \u015firketleri i\u00e7in uyguland\u0131.<\/strong><\/p>\n<p><strong>Tarama kriterleri:<\/strong><\/p>\n<ul class=\"wp-block-list\">\n<li>9A Net Finansman Gideri (bin TL) &gt; 0<\/li>\n<li>Net Finansman Gideri \/ Net K\u00e2r &gt; 1 veya Net Finansman Gideri &gt; Net D\u00f6nem Zarar\u0131<\/li>\n<li>PDDD &lt; 3<\/li>\n<\/ul>\n<p>Yap\u0131lan tarama sonucunda B\u0130ST100 endeksinde yer alan 25 \u015firketin filtrede yer alan kriterlerin tamam\u0131na uygun oldu\u011fu tespit edildi. \u0130lgili \u015firketler a\u015fa\u011f\u0131da yer alan tabloda belirtildi\u011fi gibidir.<\/p>\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/www.gcmyatirim.com.tr\/wp-content\/uploads\/2024\/12\/27\/finansman-gideri-yuksek-tablo_1735297840.png\" alt=\"| Rota Borsa\" title=\"| Rota Borsa\"><\/figure>\n<p>Sonu\u00e7lar incelendi\u011finde 100 \u015firket i\u00e7erisinde 25 \u015firketin benzer finansman y\u00fck\u00fcn\u00fcn sorunundan kaynakl\u0131 olarak k\u00e2rl\u0131l\u0131\u011f\u0131n\u0131 d\u00fc\u015f\u00fcrmesi, dikkat \u00e7ekici ve faiz etkilerinin ne denli y\u00fcksek oldu\u011funa i\u015faret ediyor.<\/p>\n<p>Sekt\u00f6rel bazda \u00f6ne \u00e7\u0131kan belirgin bir sekt\u00f6r olmad\u0131\u011f\u0131, bir\u00e7ok farkl\u0131 sekt\u00f6rden \u015firketin mevcut durumdan olumsuz etkilendi\u011fi g\u00f6r\u00fcld\u00fc.<\/p>\n<p><strong>Not:\u00a0<\/strong>Burada yer alan sonu\u00e7lar ve listeden yola \u00e7\u0131karak faiz indirim s\u00fcrecinin hen\u00fcz ba\u015flar\u0131ndayken ilgili \u015firketlerde finansman gideri konusunda yak\u0131n zamanda keskin bir d\u00fc\u015f\u00fc\u015f olaca\u011f\u0131 ve bu durumdan h\u0131zl\u0131 bir \u015fekilde pozitif etkilenece\u011fi fikri \u00e7\u0131kar\u0131lmamal\u0131d\u0131r.<\/p>\n<p>Sa\u011fl\u0131kl\u0131 olan bak\u0131\u015f a\u00e7\u0131s\u0131 listede yer alan \u015firketler \u00fczerine daha detayl\u0131 inceleme yaparak finansman dengesi ve faaliyet yap\u0131s\u0131n\u0131n incelenmesi ile karar verilip yol haritas\u0131 olu\u015fturulmas\u0131 \u015feklinde olmal\u0131d\u0131r.\u201d<\/p>\n<p>Kaynak: GCM Yat\u0131r\u0131m<\/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<p><strong><em><a href=\"https:\/\/rotaborsa.com\/forum\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark><mark style=\"background-color:#ffffff\" class=\"has-inline-color has-vivid-cyan-blue-color\">ROTA BORSA FORUM \u00fczerinden t\u00fcm hisse senetlerinin hedef fiyat, haber, analiz ve yorumlar\u0131n\u0131 takip etmek ve yorumlar\u0131n\u0131z ile katk\u0131da bulunmak i\u00e7in t\u0131klay\u0131n\u0131z.<\/mark><\/mark><\/a><\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>2024 y\u0131l\u0131n\u0131n son g\u00fcnlerinde GCM Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e. bir rapor yay\u0131nlayarak, Net Finansman Gideri Y\u00fcksek BIST100 \u015eirketlerini s\u0131ralad\u0131. Listede Kocaer \u00c7elik Sanayi ve Ticaret A.\u015e.\u00a0(KCAER), Zorlu Holding \u015firketi Zorlu Enerji Elektrik \u00dcretim A.\u015e.\u00a0(ZOREN), Borusan Birle\u015fik Boru Fabrikalar\u0131 Sanayi ve Ticaret A.\u015e.\u00a0(BRSAN), Agrotech Y\u00fcksek Teknoloji ve Yat\u0131r\u0131m A.\u015e.\u00a0(AGROT), CW Enerji M\u00fchendislik Ticaret ve Sanayi A.\u015e.\u00a0(CWENE), [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":37399,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-37398","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\/37398","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=37398"}],"version-history":[{"count":0,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts\/37398\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media\/37399"}],"wp:attachment":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media?parent=37398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/categories?post=37398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/tags?post=37398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}