{"id":40778,"date":"2025-03-13T13:50:07","date_gmt":"2025-03-13T13:50:07","guid":{"rendered":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2025\/03\/13\/sabanci-holding-sahol-2024-4-ceyrek-bilanco-yorumu\/"},"modified":"2025-03-13T13:50:07","modified_gmt":"2025-03-13T13:50:07","slug":"sabanci-holding-sahol-2024-4-ceyrek-bilanco-yorumu","status":"publish","type":"post","link":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2025\/03\/13\/sabanci-holding-sahol-2024-4-ceyrek-bilanco-yorumu\/","title":{"rendered":"Sabanc\u0131 Holding (SAHOL) 2024 4. \u00e7eyrek bilan\u00e7o yorumu"},"content":{"rendered":"<p>Hac\u0131 \u00d6mer Sabanc\u0131 Holding A.\u015e.\u00a0(SAHOL) 2024 y\u0131l\u0131 4. \u00e7eyrek finansal sonu\u00e7lar\u0131 kamuya a\u00e7\u0131kland\u0131. Bilan\u00e7o sonras\u0131 \u015eirketin 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-full\"><img decoding=\"async\" loading=\"lazy\" width=\"1280\" height=\"720\" src=\"https:\/\/rotaborsa.com\/wp-content\/uploads\/2024\/12\/sahol2.jpg\" alt=\"| Rota Borsa\" class=\"wp-image-260337\" title=\"T\u00fcpra\u015f (TUPRS) 2023 2. \u00e7eyrek bilan\u00e7o beklentisi 10 HABERLER, G\u00fcndemdekiler, H\u0130SSE HEDEF F\u0130YAT, \u015eirket Haberleri Rota Borsa\" \/><\/figure>\n<h2 class=\"wp-block-heading\">Hac\u0131 \u00d6mer Sabanc\u0131 Holding A.\u015e. hisse haberleri<\/h2>\n<p>Buna g\u00f6re Gedik Yat\u0131r\u0131m de\u011ferlendirmesi \u015fu \u015fekilde;<\/p>\n<p>\u015eirketin net sat\u0131\u015flar\u0131 4. \u00e7eyrekte ge\u00e7en y\u0131l\u0131n ayn\u0131 \u00e7eyre\u011fine g\u00f6re ,68 art\u0131\u015fla 242.224 milyon TL olmu\u015ftur. FAV\u00d6K\u2018\u00fc 4. \u00e7eyrekte ge\u00e7en y\u0131l\u0131n ayn\u0131 \u00e7eyre\u011fine g\u00f6re p,83 azal\u0131\u015fla 11.691 milyon TL olmu\u015ftur. FAV\u00d6K marj\u0131 4. \u00e7eyrekte ge\u00e7en y\u0131l\u0131n ayn\u0131 \u00e7eyre\u011fine g\u00f6re 1.398 baz puan azal\u0131\u015fla %4,8 olmu\u015ftur. Ge\u00e7en y\u0131l\u0131n 4. \u00e7eyre\u011finde 19.356 milyon TL net kar a\u00e7\u0131klayan \u015firket, bu y\u0131l\u0131n 4. \u00e7eyre\u011finde 3.648 milyon TL net zarar a\u00e7\u0131klam\u0131\u015ft\u0131r. K\u00fcm\u00fcle rakamlara bakacak olursak;<\/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<ul class=\"wp-block-list\">\n<li>2024 y\u0131l\u0131nda bir \u00f6nceki y\u0131la g\u00f6re net sat\u0131\u015flar\u0131 ,36 art\u0131\u015fla 906.986 milyon TL seviyesinde ger\u00e7ekle\u015fmi\u015ftir.<\/li>\n<li>2024 y\u0131l\u0131nda bir \u00f6nceki y\u0131la g\u00f6re br\u00fct kar\u0131 ),83 azal\u0131\u015fla 188.320 milyon TL seviyesinde ger\u00e7ekle\u015fmi\u015ftir.<\/li>\n<li>2024 y\u0131l\u0131nda bir \u00f6nceki y\u0131la g\u00f6re faaliyet kar\u0131 g,88 azal\u0131\u015fla 45.383 milyon TL seviyesinde ger\u00e7ekle\u015fmi\u015ftir.<\/li>\n<li>2024 y\u0131l\u0131nda bir \u00f6nceki y\u0131la g\u00f6re FAV\u00d6K\u2019\u00fc X,78 azal\u0131\u015fla 65.439 milyon TL seviyesinde ger\u00e7ekle\u015fmi\u015ftir.<\/li>\n<li>2024 y\u0131l\u0131nda bir \u00f6nceki y\u0131la g\u00f6re net parasal kayb\u0131 9,58 azal\u0131\u015fla 64.126 milyon TL seviyesinde ger\u00e7ekle\u015fmi\u015ftir.<\/li>\n<li>2023 y\u0131l\u0131nda 22.274 milyon TL net kar a\u00e7\u0131klayan \u015firket, 2024 y\u0131l\u0131nda 15.475 milyon TL net zarar a\u00e7\u0131klam\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<p><strong>Sonu\u00e7: <\/strong>Holding, 4\u00c724\u2019te konsolide gelirlerini y\u0131ll\u0131k bazda  art\u0131r\u0131rken, ciro b\u00fcy\u00fcmesinin ana itici g\u00fc\u00e7leri Bankac\u0131l\u0131k segmenti (y\u0131ll\u0131k:  &#8220;) ve Malzeme Teknolojileri (y\u0131ll\u0131k:  ) oldu. Operasyonel k\u00e2rl\u0131l\u0131k ve dip k\u00e2rl\u0131l\u0131k taraf\u0131nda ise genel olarak zay\u0131f bir \u00e7eyrek daha g\u00f6r\u00fcyoruz. Banka d\u0131\u015f\u0131 FAV\u00d6K y\u0131ll\u0131k bazda R daral\u0131rken, konsolide FAV\u00d6K f geriledi. Finansal Hizmetler ve Dijital segmentlerinin operasyonel performanslar\u0131 di\u011fer segmentlere k\u0131yasla g\u00f6rece daha g\u00fc\u00e7l\u00fc seyretti. Finansal Hizmetler hari\u00e7 t\u00fcm segmentlerde ise net k\u00e2r beklendi\u011fi gibi zay\u0131f ger\u00e7ekle\u015fti. Holding\u2019in solo net nakdi Ara24 itibar\u0131yla 12,4 milyar TL\u2019ye y\u00fckseldi (Eyl24: 12,2 milyar TL, Ara23: 7,0 milyar TL). Holding\u2019in net bor\u00e7\/FAV\u00d6K oran\u0131 Ara24 itibar\u0131yla 1,4x seviyesinde ger\u00e7ekle\u015fti (Eyl24: 1,1x), bu oran holdingin maksimum 2,0x hedefinin olduk\u00e7a alt\u0131nda kal\u0131yor.<\/p>\n<p>Konsolide bor\u00e7luluk seviyesini sa\u011fl\u0131kl\u0131 olarak de\u011ferlendiriyoruz. Hisse, 2024 y\u0131l\u0131nda BIST 100 endeksine k\u0131yasla ~%, YBB ise ~%4 daha iyi performans g\u00f6sterdi. Sabanc\u0131 Holding paylar\u0131 net aktif de\u011ferine g\u00f6re yakla\u015f\u0131k A iskonto ile i\u015flem g\u00f6rmekte (10Y ortalama: ~@). Hat\u0131rlatmak gerekirse, hisseyi BIST 100\u2019e kar\u015f\u0131 $ r\u00f6latif getiri (nominal:  3, Giri\u015f: 21 Temmuz 2023) ile 4 Ekim 2024\u2019te model portf\u00f6y\u00fcm\u00fczden \u00e7\u0131kararak k\u00e2r realizasyonu yapm\u0131\u015ft\u0131k. (\u00c7\u0131kartt\u0131\u011f\u0131m\u0131z tarihten g\u00fcn\u00fcm\u00fcze:  2%) \u00d6n\u00fcm\u00fczdeki y\u0131llarda NAD iskontosunda daralma beklememize ve uzun vade i\u00e7in \u015eirket paylar\u0131n\u0131 ucuz bulmam\u0131za ra\u011fmen; enflasyon muhasebesinin konsolide k\u00e2rl\u0131l\u0131k \u00fczerindeki negatif etkileri nedeniyle (bankac\u0131l\u0131k da dahil), hisse \u00fczerinde k\u0131sa-orta vadede olumsuz bir fiyatlama riski oldu\u011funu d\u00fc\u015f\u00fcnmeye devam ediyoruz.<\/p>\n<p>Enflasyonist ortamdan h\u0131zla uzakla\u015ft\u0131\u011f\u0131m\u0131z senaryoda ise k\u0131sa-orta vade bak\u0131\u015f a\u00e7\u0131m\u0131z\u0131 yeniden de\u011ferlendirmemiz gerekebilir; uzun vadede ise pozitif g\u00f6r\u00fc\u015f\u00fcm\u00fcz\u00fc ve \u201cEndeks \u00dczeri Getiri\u201d \u00f6nerimizi g\u00fc\u00e7l\u00fc getiri potansiyeliyle koruyoruz.<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"838\" height=\"997\" src=\"https:\/\/rotaborsa.com\/wp-content\/uploads\/2025\/03\/4CBAE72B-D1B4-488B-B043-B8BCEAABA6DE.png\" alt=\"| Rota Borsa\" class=\"wp-image-290801\" title=\"| Rota Borsa\" \/><\/figure>\n<h3 class=\"wp-block-heading\">Gedik Yat\u0131r\u0131m yasal uyar\u0131s\u0131<\/h3>\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<h3 class=\"wp-block-heading\">Rota Borsa yasal uyar\u0131s\u0131<\/h3>\n<p>Burada yer alan yat\u0131r\u0131m bilgi, yorum ve tavsiyeleri yat\u0131r\u0131m dan\u0131\u015fmanl\u0131\u011f\u0131 kapsam\u0131nda de\u011fildir. 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. Bu g\u00f6r\u00fc\u015fler, mali durumunuz ile risk ve getiri tercihlerinize uygun olmayabilir. Bu nedenle sadece burada yer alan bilgilere dayan\u0131larak yat\u0131r\u0131m karar\u0131 verilmesi beklentilerinize uygun sonu\u00e7lar do\u011furmayabilir.<\/p>\n<p><strong><a href=\"https:\/\/www.instagram.com\/rotaborsacom\/\" target=\"_blank\" rel=\"noreferrer noopener\"><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 instagram hesab\u0131n\u0131 takip etmek i\u00e7in t\u0131klay\u0131n\u0131z.<\/mark><\/mark><\/a><\/strong><\/p>\n<p><mark><em><strong><mark><a href=\"https:\/\/rotaborsa.com\/forum\/tum-hisseler\/sahol-hisse-sabanci-holding\/\" target=\"_blank\" rel=\"noreferrer noopener\"><mark><mark style=\"background-color:#ffffff\" class=\"has-inline-color has-vivid-cyan-blue-color\">Sabanc\u0131 Holding hisse FORUMU, hedef fiyatlar\u0131, hisse grafi\u011fi, hisse senedi fiyat\u0131, haber, analiz ve yorumlar\u0131 i\u00e7in t\u0131klay\u0131n\u0131z.<\/mark><\/mark><\/a><\/mark><\/strong><\/em><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hac\u0131 \u00d6mer Sabanc\u0131 Holding A.\u015e.\u00a0(SAHOL) 2024 y\u0131l\u0131 4. \u00e7eyrek finansal sonu\u00e7lar\u0131 kamuya a\u00e7\u0131kland\u0131. Bilan\u00e7o sonras\u0131 \u015eirketin 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; Hac\u0131 \u00d6mer Sabanc\u0131 Holding A.\u015e. hisse haberleri Buna g\u00f6re Gedik Yat\u0131r\u0131m de\u011ferlendirmesi \u015fu \u015fekilde; \u015eirketin net sat\u0131\u015flar\u0131 4. \u00e7eyrekte ge\u00e7en y\u0131l\u0131n ayn\u0131 \u00e7eyre\u011fine g\u00f6re [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":40779,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-40778","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\/40778","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=40778"}],"version-history":[{"count":0,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts\/40778\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media\/40779"}],"wp:attachment":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media?parent=40778"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/categories?post=40778"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/tags?post=40778"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}