{"id":48768,"date":"2025-08-29T10:35:11","date_gmt":"2025-08-29T10:35:11","guid":{"rendered":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2025\/08\/29\/aselsan-asels-2025-2-ceyrek-bilanco-yorumu\/"},"modified":"2025-08-29T10:35:11","modified_gmt":"2025-08-29T10:35:11","slug":"aselsan-asels-2025-2-ceyrek-bilanco-yorumu","status":"publish","type":"post","link":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2025\/08\/29\/aselsan-asels-2025-2-ceyrek-bilanco-yorumu\/","title":{"rendered":"Aselsan (ASELS) 2025 2. \u00e7eyrek bilan\u00e7o yorumu"},"content":{"rendered":"<p>Aselsan Elektronik Sanayi ve Ticaret A.\u015e.\u00a0(ASELS) 2025 y\u0131l\u0131 2.\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\/2025\/02\/asels-1.jpg\" alt=\"| Rota Borsa\" class=\"wp-image-288068\" title=\"Yayla G\u0131da (YYLGD) hisseleri i\u00e7in hedef fiyat a\u00e7\u0131kland\u0131! 12 HABERLER, G\u00fcndemdekiler, Piyasa Haberleri Rota Borsa\" \/><\/figure>\n<h2 class=\"wp-block-heading\">Aselsan Elektronik Sanayi ve Ticaret A.\u015e.\u00a0hisse haberleri<\/h2>\n<p>Gedik Yat\u0131r\u0131m de\u011ferlendirmesi \u015fu \u015fekilde; \u201c\u015eirketin;<br \/>Net sat\u0131\u015flar\u0131 2. \u00e7eyrekte ge\u00e7en y\u0131l\u0131n ayn\u0131 \u00e7eyre\u011fine g\u00f6re ,33 art\u0131\u015fla 29.550 milyon TL olmu\u015ftur. 2025 y\u0131l\u0131n\u0131n ilk 6 ay\u0131nda net sat\u0131\u015flar\u0131 ,34 art\u0131\u015fla 53.710 milyon TL seviyesinde ger\u00e7ekle\u015fmi\u015ftir. FAV\u00d6K\u2018\u00fc 2. \u00e7eyrekte ge\u00e7en y\u0131l\u0131n ayn\u0131 \u00e7eyre\u011fine g\u00f6re ,44 art\u0131\u015fla 8.016 milyon TL olmu\u015ftur. 2025 y\u0131l\u0131n\u0131n ilk 6 ay\u0131nda bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re FAV\u00d6K\u2019\u00fc ,69 art\u0131\u015fla 13.467 milyon TL seviyesinde ger\u00e7ekle\u015fmi\u015ftir. FAV\u00d6K marj\u0131 2. \u00e7eyrekte ge\u00e7en y\u0131l\u0131n ayn\u0131 \u00e7eyre\u011fine g\u00f6re 117 baz puan art\u0131\u015fla &#8216;,1 olmu\u015ftur. 2025 y\u0131l\u0131n\u0131n ilk 6 ay\u0131nda bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re FAV\u00d6K marj\u0131 73 baz puan art\u0131\u015fla %,1 olmu\u015ftur. Net kar\u0131 2. \u00e7eyrekte ge\u00e7en y\u0131l\u0131n ayn\u0131 \u00e7eyre\u011fine g\u00f6re ),85 art\u0131\u015fla 3993,28 milyon TL olmu\u015ftur. 2025 y\u0131l\u0131n\u0131n ilk 6 ay\u0131nda bir \u00f6nceki y\u0131l\u0131n ayn\u0131 d\u00f6nemine g\u00f6re net kar\u0131 $,84 art\u0131\u015fla 6.405 milyon TL seviyesinde ger\u00e7ekle\u015fmi\u015ftir.<br \/><strong>Sonu\u00e7: <\/strong>Sat\u0131\u015f gelirleri, konsens\u00fcs\u00fcn %3,5 \u00fczerinde g\u00fc\u00e7l\u00fc bir performans sergilerken, marjlar konsens\u00fcs\u00fcn 310bp \u00fczerinde (,4\u2019l\u00fck bir art\u0131\u015f) a\u00e7\u0131klanm\u0131\u015ft\u0131r. Bu durum, muhtemelen daha y\u00fcksek marjl\u0131 \u00fcr\u00fcnlerin teslimat\u0131ndan kaynaklanmaktad\u0131r. \u015eirketin yazd\u0131\u011f\u0131 9,6 milyar TL\u2019lik \u00e7eyreklik finansal giderler nedeniyle 121 milyon TL vergi \u00f6ncesi zarar kaydetti\u011fini ve net kar rakam\u0131n\u0131n 4,3 milyar TL\u2019lik ertelenmi\u015f vergi geliri taraf\u0131ndan desteklendi\u011fini belirtmekte fayda g\u00f6r\u00fcyoruz. Net bor\u00e7, y\u0131ll\u0131k bazda ,7 ( %6,3 \u00e7eyreklik) azalm\u0131\u015f, Net Bor\u00e7\/FAV\u00d6K 0,6x seviyesinde yatay kalm\u0131\u015ft\u0131r. \u015eirketin net d\u00f6viz pozisyonu 14.327 milyon TL\u2019dir. \u015eirketin birikmi\u015f sipari\u015fleri \u00f6nceki \u00e7eyrekte 15 milyar dolar\u0131 iken, \u015fu anda 16 milyar dolard\u0131r (2024: 14 milyar TL). \u015eirketin 2025 y\u0131l\u0131 i\u00e7in beklentileri: \u2019un \u00fczerinde gelir b\u00fcy\u00fcmesi, #\u2019\u00fcn \u00fczerinde FAV\u00d6K marj\u0131 (y\u0131ll\u0131k: 220bp daralma-FAV\u00d6K\u2019\u00fcn yatay seyredece\u011fini g\u00f6stermektedir) \u015feklindedir. Genel olarak sonu\u00e7lar g\u00fc\u00e7l\u00fcd\u00fcr ve \u015eirketin y\u0131ll\u0131k beklentilerinin \u00fczerinde faaliyet performans\u0131 g\u00f6sterdi\u011fini teyit etmektedir. Gelirlerde %5, FAV\u00d6K marj\u0131nda 200bp\u2019l\u0131k bir art\u0131\u015f olaca\u011f\u0131 varsay\u0131m\u0131yla, hisse 2025T 19,9x FD\/FAV\u00d6K ile i\u015flem g\u00f6rmektedir ve 2026 y\u0131l\u0131nda 0\u2019luk bir reel b\u00fcy\u00fcme beklentisi bulunmaktad\u0131r. Hisse, i\u015fin do\u011fas\u0131 ve g\u00fc\u00e7l\u00fc, \u00f6ng\u00f6r\u00fclebilir yabanc\u0131 para b\u00fcy\u00fcme beklentisi nedeniyle y\u0131l ba\u015f\u0131ndan bu yana 3\u2019l\u00fck r\u00f6latif performans sergilemi\u015ftir. Finansal sonu\u00e7lar\u0131n hisse \u00fczerindeki etkisini s\u0131n\u0131rl\u0131 pozitif olarak de\u011ferlendiriyoruz.\u201d<\/p>\n<figure class=\"wp-block-image size-full\"><img decoding=\"async\" loading=\"lazy\" width=\"830\" height=\"423\" src=\"https:\/\/rotaborsa.com\/wp-content\/uploads\/2025\/08\/4480F321-E8A9-45DF-8A1D-B83AB70FF532.png\" alt=\"| Rota Borsa\" class=\"wp-image-347126\" title=\"| Rota Borsa\" \/><\/figure>\n<figure class=\"wp-block-embed is-type-wp-embed is-provider-rota-borsa wp-block-embed-rota-borsa\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"wp-embedded-content\" data-secret=\"gq61cOUygK\"><p><a href=\"https:\/\/rotaborsa.com\/borsa-istanbuldan-yatirimcilara-duyuru-3\/\">Borsa \u0130stanbul\u2019dan yat\u0131r\u0131mc\u0131lara duyuru<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Bizi WhatsApp Kanal\u0131m\u0131z \u00fczerinden de takip edebilirsiniz. WhatsApp kanal\u0131 linki:\u00a0<a href=\"https:\/\/whatsapp.com\/channel\/0029Vb6J7JQ6GcG8uLrIR81x\" target=\"_blank\" rel=\"noreferrer noopener\"><mark><mark style=\"background-color:#ffffff;color:#01b673\" class=\"has-inline-color\">https:\/\/whatsapp.com\/channel\/0029Vb6J7JQ6GcG8uLrIR81x<\/mark><\/mark><\/a><\/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>Bizi Telegram \u00dczerinden de takip edebilirsiniz. Telegram kanal\u0131 linki:\u00a0<a href=\"https:\/\/t.me\/rotaborsa_halkaarz\" target=\"_blank\" rel=\"noreferrer noopener\"><mark><mark style=\"background-color:#ffffff\" class=\"has-inline-color has-vivid-red-color\">https:\/\/t.me\/rotaborsa_halkaarz<\/mark><\/mark><\/a><\/p>\n<p><em><em><strong>Gedik Yat\u0131r\u0131m yasal uyar\u0131s\u0131:<\/strong> 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.<\/em><\/em><\/p>\n<p><em><strong>Rota Borsa yasal uyar\u0131s\u0131:<\/strong> 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","protected":false},"excerpt":{"rendered":"<p>Aselsan Elektronik Sanayi ve Ticaret A.\u015e.\u00a0(ASELS) 2025 y\u0131l\u0131 2.\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; Aselsan Elektronik Sanayi ve Ticaret A.\u015e.\u00a0hisse haberleri Gedik Yat\u0131r\u0131m de\u011ferlendirmesi \u015fu \u015fekilde; \u201c\u015eirketin;Net sat\u0131\u015flar\u0131 2. \u00e7eyrekte ge\u00e7en y\u0131l\u0131n ayn\u0131 \u00e7eyre\u011fine g\u00f6re ,33 art\u0131\u015fla 29.550 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":48769,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-48768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bilanco-haberleri"],"_links":{"self":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts\/48768","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=48768"}],"version-history":[{"count":0,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts\/48768\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media\/48769"}],"wp:attachment":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media?parent=48768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/categories?post=48768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/tags?post=48768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}