{"id":48498,"date":"2025-07-29T06:50:32","date_gmt":"2025-07-29T06:50:32","guid":{"rendered":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2025\/07\/29\/gulermak-agir-sanayi-glrmk-hisse-hedef-fiyat-2025\/"},"modified":"2025-07-29T06:50:32","modified_gmt":"2025-07-29T06:50:32","slug":"gulermak-agir-sanayi-glrmk-hisse-hedef-fiyat-2025","status":"publish","type":"post","link":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2025\/07\/29\/gulermak-agir-sanayi-glrmk-hisse-hedef-fiyat-2025\/","title":{"rendered":"G\u00fclermak A\u011f\u0131r Sanayi (GLRMK) hisse hedef fiyat 2025"},"content":{"rendered":"

Yak\u0131n ge\u00e7mi\u015fte halka arz edilen G\u00fclermak A\u011f\u0131r Sanayi \u0130n\u015faat ve Taahh\u00fct A.\u015e. (GLRMK) hisseleri arac\u0131 kurumlar\u0131n radar\u0131na girmeye ba\u015flad\u0131. 29 Temmuz g\u00fcn\u00fc bir kurum hisse senedini ara\u015ft\u0131rma kapsam\u0131na alarak hedef fiyat belirledi.<\/p>\n

\"|<\/figure>\n

Hedef fiyat haberleri<\/h2>\n

Kurum, G\u00fclermak hisse senedi i\u00e7in \u201cendeks \u00fcst\u00fc getiri\u201d tavsiyesi verdi. Raporda \u015fu ifadeler kullan\u0131ld\u0131; \u201cG\u00fclermak, bug\u00fcne kadar d\u00fcnya \u00e7ap\u0131nda 300 kilometrenin \u00fczerinde t\u00fcnel, 120 yeralt\u0131 metro istasyonu ve 1.500 kilometreden fazla demiryolu\/y\u00fcksek h\u0131zl\u0131 tren (YHT) hatt\u0131 projesini ger\u00e7ekle\u015ftirmi\u015ftir. \u015eirket \u015fu ana dek anahtar teslim ve EPC (M\u00fchendislik, Tedarik ve \u0130n\u015faat) modelindeki metro ve rayl\u0131 sistemlerdeki deneyimiyle a\u011f\u0131rl\u0131kl\u0131 olarak yurt i\u00e7i ve yurt d\u0131\u015f\u0131nda 100\u2019den fazla projeyi tamamlayarak teslim etmi\u015ftir. G\u00fclermak, 1\u00c725 itibar\u0131yla 4,65 milyar Euro backlog (imzalanm\u0131\u015f ama hen\u00fcz has\u0131lata d\u00f6n\u00fc\u015fmemi\u015f projeler) tutar\u0131na sahiptir. 1\u00c725\u2019te sat\u0131\u015flar\u0131n c\u2019\u00fc metro, hafif rayl\u0131 sistem ve tramvay projelerinden sa\u011flan\u0131rken, demiryolu projelerinin katk\u0131s\u0131 , otoyol projelerinin katk\u0131s\u0131 ise $ seviyesinde ger\u00e7ekle\u015fmi\u015ftir. \u00c7e\u015fitlendirilmi\u015f bir proje portf\u00f6y\u00fcne sahip olan \u015firketin 2025 y\u0131l\u0131 sat\u0131\u015flar\u0131n\u0131n y\u0131ll\u0131k 4 art\u0131\u015fla 1,3 milyar EUR\u2019ya, 2026\u2019da ise art\u0131\u015fla 1,4 milyar EUR\u2019ya y\u00fckselmesini bekliyoruz. Net kar\u0131n 2025 y\u0131l\u0131nda 160
milyon EUR\u2019ya, 2026 y\u0131l\u0131nda ise art\u0131\u015fla 183 milyon EUR\u2019ya ula\u015faca\u011f\u0131n\u0131 tahmin ediyoruz. \u015eirketin mevcut de\u011ferlemesini 2026 tahmini 5,9x Fiyat\/Kazan\u00e7, 5,1x Firma De\u011feri\/FAV\u00d6K ve 1,9x Fiyat\/Defter De\u011feri oran\u0131 ile cazip buluyoruz. 2025-2026 d\u00f6neminde ortalama F \u00f6zkaynak getirisi \u00f6ng\u00f6rd\u00fc\u011f\u00fcm\u00fcz G\u00fclermak\u2019\u0131n i\u00e7sel sermaye yarat\u0131m potansiyelinin hen\u00fcz yeterince fiyatlanmad\u0131\u011f\u0131n\u0131 d\u00fc\u015f\u00fcn\u00fcyoruz.<\/p>\n

Operasyonel karl\u0131l\u0131k y\u00fckseli\u015f trendinde ilerliyor. \u015eirketin y\u0131lba\u015f\u0131ndan beri yapt\u0131\u011f\u0131 s\u00f6zle\u015fmeler toplam\u0131 43,3 milyar TL\u2019ye ula\u015fm\u0131\u015f olup \u015firketin 2024 y\u0131l\u0131 has\u0131lat\u0131n\u0131n yakla\u015f\u0131k 4\u2019\u00fcne denk gelmektedir. Mevcut backlog\u2019un v\u2019s\u0131n\u0131 olu\u015fturan metro ve hafif rayl\u0131 sistemlerin FAV\u00d6K art\u0131\u015f\u0131nda \u00f6nc\u00fc rol oynayaca\u011f\u0131n\u0131
d\u00fc\u015f\u00fcn\u00fcyoruz. FAV\u00d6K\u2019\u00fcn 2025 y\u0131l\u0131nda 164 milyon EUR\u2019ya 2026 y\u0131l\u0131nda ise 183 milyon EUR\u2019ya ula\u015fmas\u0131n\u0131 beklerken FAV\u00d6K marj\u0131n\u0131n 2025 y\u0131l\u0131nda ,1\u2019e y\u00fckselece\u011fini \u00f6ng\u00f6r\u00fcyoruz. Uzun vadeli (2025-32) FAV\u00d6K marj\u0131n\u0131n ortalama ,5 seviyesinde ger\u00e7ekle\u015fmesini bekliyoruz. Net nakdin VAF\u00d6K\u2019e oran\u0131n\u0131n y\u00fckselmesini bekliyoruz. \u015eirketin b\u00fcy\u00fcmek i\u00e7in tercihi kendi \u00f6zkaynaklar\u0131 olup bor\u00e7luluk seviyesinin d\u00fc\u015f\u00fck tutmaya gayret etmektedir. 1\u00c725 itibar\u0131yla 31 milyon EUR (Kamu-\u00d6zel \u0130\u015fbirli\u011fi kredisi d\u00fczeltilmi\u015f 95 milyon
EUR) nakit varl\u0131\u011fa sahip olan G\u00fclermak i\u00e7in 2025 y\u0131l\u0131 net nakdin FAV\u00d6K\u2019e oran\u0131n\u0131n 0,5x seviyesinden 2026 y\u0131l\u0131nda 0,8x\u2019e y\u00fckselmesini \u00f6ng\u00f6r\u00fcyoruz. Net i\u015fletme sermayesinin sat\u0131\u015flara oran\u0131n\u0131 tahmin aral\u0131\u011f\u0131m\u0131zda (2025-2032) ortalama %,3 olacak \u015fekilde makul bir seviyede \u00f6ng\u00f6rd\u00fck. Serbest nakit marj\u0131n\u0131n ise
2025-2032 y\u0131llar\u0131 aras\u0131nda ortalama %9,0 olarak ger\u00e7ekle\u015fece\u011fini tahmin ediyoruz.\u201d<\/p>\n

\n
<\/div>\n<\/div>\n

G\u00fclermak hisse hedef fiyat 2025<\/h2>\n

\u0130\u015fte arac\u0131 kurumlar\u0131n G\u00fclermak A\u011f\u0131r Sanayi i\u00e7in belirledi\u011fi hedef fiyat ve tavsiyesi;<\/p>\n

\"|<\/figure>\n

OYAK Yat\u0131r\u0131m<\/h3>\n

OYAK Yat\u0131r\u0131m, GLRMK \u2013 G\u00fclermak i\u00e7in tavsiyesini 326,4 TL hedef fiyat ile \u201cendeks \u00fcst\u00fc getiri\u201d olarak ba\u015flatt\u0131.<\/p>\n

\n\n\n\n\n\n\n\n\n
Arac\u0131 Kurum<\/strong><\/td>\nOYAK Yat\u0131r\u0131m<\/td>\n<\/tr>\n
Hedef fiyat<\/strong><\/td>\n326,40 TL<\/td>\n<\/tr>\n
Son fiyat (\u0130st: GLRMK)<\/strong><\/td>\n156,90 TL<\/td>\n<\/tr>\n
Tavsiye<\/strong><\/td>\nEndeks \u00fcst\u00fc getiri<\/td>\n<\/tr>\n
Prim potansiyeli<\/strong><\/td>\n8,03<\/td>\n<\/tr>\n
A\u00e7\u0131klanma tarihi<\/strong><\/td>\n29 Temmuz 2025<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n
\n
\n

Yabanc\u0131 oran\u0131 s\u00fcrekli artan hisseler<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

Bizi WhatsApp Kanal\u0131m\u0131z \u00fczerinden de takip edebilirsiniz. WhatsApp kanal\u0131 linki:\u00a0https:\/\/whatsapp.com\/channel\/0029Vb6J7JQ6GcG8uLrIR81x<\/mark><\/mark><\/a><\/p>\n

Bizi Telegram \u00dczerinden de takip edebilirsiniz. Telegram kanal\u0131 linki:\u00a0https:\/\/t.me\/rotaborsa_halkaarz<\/mark><\/mark><\/a><\/p>\n

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.<\/em><\/p>\n

*** Hedef fiyatlar ForInvest Haber taraf\u0131ndan derlenmi\u015ftir.<\/p>\n","protected":false},"excerpt":{"rendered":"

Yak\u0131n ge\u00e7mi\u015fte halka arz edilen G\u00fclermak A\u011f\u0131r Sanayi \u0130n\u015faat ve Taahh\u00fct A.\u015e. (GLRMK) hisseleri arac\u0131 kurumlar\u0131n radar\u0131na girmeye ba\u015flad\u0131. 29 Temmuz g\u00fcn\u00fc bir kurum hisse senedini ara\u015ft\u0131rma kapsam\u0131na alarak hedef fiyat belirledi. Hedef fiyat haberleri Kurum, G\u00fclermak hisse senedi i\u00e7in \u201cendeks \u00fcst\u00fc getiri\u201d tavsiyesi verdi. Raporda \u015fu ifadeler kullan\u0131ld\u0131; \u201cG\u00fclermak, bug\u00fcne kadar d\u00fcnya \u00e7ap\u0131nda 300 […]<\/p>\n","protected":false},"author":1,"featured_media":48499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-48498","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\/48498","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=48498"}],"version-history":[{"count":0,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts\/48498\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media\/48499"}],"wp:attachment":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media?parent=48498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/categories?post=48498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/tags?post=48498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}