{"id":50064,"date":"2025-08-21T13:14:57","date_gmt":"2025-08-21T13:14:57","guid":{"rendered":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2025\/08\/21\/desa-deri-desa-hisseleri-icin-yeni-hedef-fiyat-aciklandi\/"},"modified":"2025-08-21T13:14:57","modified_gmt":"2025-08-21T13:14:57","slug":"desa-deri-desa-hisseleri-icin-yeni-hedef-fiyat-aciklandi","status":"publish","type":"post","link":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2025\/08\/21\/desa-deri-desa-hisseleri-icin-yeni-hedef-fiyat-aciklandi\/","title":{"rendered":"Desa Deri (DESA) hisseleri i\u00e7in yeni hedef fiyat a\u00e7\u0131kland\u0131"},"content":{"rendered":"<p>21 A\u011fustos g\u00fcn\u00fc bir arac\u0131 kurum Desa Deri Sanayi ve Ticaret A.\u015e.\u00a0(DESA) hisseleri i\u00e7in hedef fiyat a\u00e7\u0131klamas\u0131nda bulundu.<\/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\/desa3-1024x576.jpg\" alt=\"| Rota Borsa\" class=\"wp-image-259760\" title=\"Yayla G\u0131da (YYLGD) hisse hedef fiyat 2024! 12 HABERLER, G\u00fcndemdekiler, Piyasa Haberleri Rota Borsa\" \/><\/figure>\n<h2 class=\"wp-block-heading\">Hedef fiyat haberleri \u2013 DESA hisse yorumu<\/h2>\n<p>Raporda \u015fu ifadeler kullan\u0131ld\u0131; \u201c<em>Operasyon taraf\u0131nda k\u00e2rl\u0131l\u0131\u011fa en y\u00fcksek katk\u0131 Samsonite markal\u0131 perakendeden gelirken, DESA markal\u0131 perakende ikinci s\u0131rada.<\/em> Perakende pay\u0131ndaki art\u0131\u015f konsolide marjlar\u0131 yukar\u0131 ta\u015f\u0131may\u0131 s\u00fcrd\u00fcr\u00fcyor; gider bask\u0131s\u0131 ise stok ve alacak y\u00f6netimindeki disiplin sayesinde nakit ak\u0131m\u0131 \u00fczerinden dengeleniyor. E-ticaretin pay\u0131 2\u00c7\u2019de  olarak ger\u00e7ekle\u015fti. \u015eirket 108 ma\u011faza ve 14.545 m\u00b2 net sat\u0131\u015f alan\u0131yla \u00f6l\u00e7e\u011fini koruyor; verimsiz lokasyon optimizasyonu ve se\u00e7ici yat\u0131r\u0131mlarla m\u00b2 verimlili\u011finin art\u0131r\u0131lmas\u0131 hedefleniyor.<br \/><em>\u0130talya (Poppi) tesisinde \u201cMade in Italy\u201d etiketiyle l\u00fcks m\u00fc\u015fteri hatt\u0131 geni\u015fliyor;<\/em> Burberry ve Furla teslimatlar\u0131n\u0131n ard\u0131ndan (ilk faturalar kesildi) Ralph Lauren taraf\u0131nda s\u00fcre\u00e7 ilerliyor (hedef: en ge\u00e7 2026 1\u00c7). \u0130hracat 1Y25\u2019te 6,5 milyon USD seviyesinde kalsa da y\u0131l\u0131n ikinci yar\u0131s\u0131nda m\u00fc\u015fteri \u00e7e\u015fitlenmesi ve sipari\u015f derinle\u015fmesi ile toparlanma bekleniyor; orta \u2013 uzun vadede y\u0131ll\u0131k 30 \u2013 50 milyon EUR ihracat geliri hedefleniyor. Maliyet taraf\u0131nda enflasyondaki kademeli geri \u00e7ekilme, enerji verimlili\u011fi yat\u0131r\u0131mlar\u0131 (\u00c7orlu GES) ve EUR cinsi maliyet y\u00f6netimi, br\u00fct marj oynakl\u0131\u011f\u0131n\u0131 s\u0131n\u0131rlayabilir. D\u00f6nem sonu net nakit 42,5 milyon USD (~1,69 milyar TL) seviyesinde bulunuyor.<br \/><strong><em>De\u011ferleme:<\/em><\/strong> DESA\u2019y\u0131 DCF temelli de\u011ferledik; WACC $ (\u03b2=0,82, risksiz faiz #,5 \u2013 10 y\u0131ll\u0131k iskonto d\u00f6neminde sabit varsay\u0131m\u0131), mid-year iskontosu ve sonsuz d\u00f6nem b\u00fcy\u00fcmesi %5 ile 2025 \u2013 2034 FCFF\u2019lerinde y\u0131ll\u0131k ~%4 \u2013 5 bile\u015fik art\u0131\u015f \u00f6ng\u00f6r\u00fcyoruz. Ba\u015fl\u0131ca riskler, gider bask\u0131s\u0131n\u0131n uzamas\u0131 ve d\u0131\u015f talepte toparlanman\u0131n gecikmesi; yukar\u0131 y\u00f6nl\u00fc kataliz\u00f6rler, \u0130talya l\u00fcks hatt\u0131nda beklenenden h\u0131zl\u0131 \u00f6l\u00e7ekleme, ihracatta yeni m\u00fc\u015fteri kazan\u0131mlar\u0131 ve perakende pay\u0131ndaki art\u0131\u015f.\u201d<\/p>\n<h2 class=\"wp-block-heading\">DESA hisse hedef fiyat 2025<\/h2>\n<p>\u0130\u015fte arac\u0131 kurumlar\u0131n Desa Deri i\u00e7in belirledi\u011fi hedef fiyat ve tavsiyesi;<\/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<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\/desa2-1024x576.jpg\" alt=\"| Rota Borsa\" class=\"wp-image-259758\" title=\"Yayla G\u0131da (YYLGD) hisse hedef fiyat 2024! 12 HABERLER, G\u00fcndemdekiler, Piyasa Haberleri Rota Borsa\" \/><\/figure>\n<h3 class=\"wp-block-heading\">Tacirler Yat\u0131r\u0131m<\/h3>\n<p>Tacirler Yat\u0131r\u0131m, DESA \u2013 Desa Deri i\u00e7in hedef fiyat\u0131n\u0131 16,00 TL\u2019den 18,00 TL\u2019ye y\u00fckseltirken, tavsiyesini \u201cal\u201ddan \u201ctut\u201da indirdi.<\/p>\n<figure class=\"wp-block-table is-style-stripes\">\n<table class=\"has-fixed-layout\">\n<tbody>\n<tr>\n<td><strong>Arac\u0131 Kurum<\/strong><\/td>\n<td>Tacirler Yat\u0131r\u0131m<\/td>\n<\/tr>\n<tr>\n<td><strong>Hedef fiyat<\/strong><\/td>\n<td>18,00 TL<\/td>\n<\/tr>\n<tr>\n<td><strong>Son fiyat (\u0130st: DESA)<\/strong><\/td>\n<td>14,55 TL<\/td>\n<\/tr>\n<tr>\n<td><strong>Tavsiye<\/strong><\/td>\n<td>Tut<\/td>\n<\/tr>\n<tr>\n<td><strong>Prim potansiyeli<\/strong><\/td>\n<td>#,71<\/td>\n<\/tr>\n<tr>\n<td><strong>A\u00e7\u0131klanma tarihi<\/strong><\/td>\n<td>21 A\u011fustos 2025<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/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=\"SeAfGuSXTc\"><p><a href=\"https:\/\/rotaborsa.com\/bim-birlesik-magazalar-bimas-hisseleri-icin-yeni-hedef-fiyat-aciklandi-49\/\">B\u0130M Birle\u015fik Ma\u011fazalar (BIMAS) hisseleri i\u00e7in yeni hedef fiyat a\u00e7\u0131kland\u0131<\/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:#0d8a5c\" class=\"has-inline-color\">https:\/\/whatsapp.com\/channel\/0029Vb6J7JQ6GcG8uLrIR81x<\/mark><\/mark><\/a><\/p>\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>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<p>*** Hedef fiyatlar ForInvest Haber taraf\u0131ndan derlenmi\u015ftir.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>21 A\u011fustos g\u00fcn\u00fc bir arac\u0131 kurum Desa Deri Sanayi ve Ticaret A.\u015e.\u00a0(DESA) hisseleri i\u00e7in hedef fiyat a\u00e7\u0131klamas\u0131nda bulundu. Hedef fiyat haberleri \u2013 DESA hisse yorumu Raporda \u015fu ifadeler kullan\u0131ld\u0131; \u201cOperasyon taraf\u0131nda k\u00e2rl\u0131l\u0131\u011fa en y\u00fcksek katk\u0131 Samsonite markal\u0131 perakendeden gelirken, DESA markal\u0131 perakende ikinci s\u0131rada. Perakende pay\u0131ndaki art\u0131\u015f konsolide marjlar\u0131 yukar\u0131 ta\u015f\u0131may\u0131 s\u00fcrd\u00fcr\u00fcyor; gider bask\u0131s\u0131 ise [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":50065,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-50064","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\/50064","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=50064"}],"version-history":[{"count":0,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts\/50064\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media\/50065"}],"wp:attachment":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media?parent=50064"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/categories?post=50064"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/tags?post=50064"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}