{"id":59172,"date":"2026-02-19T14:45:29","date_gmt":"2026-02-19T14:45:29","guid":{"rendered":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2026\/02\/19\/balsu-gida-balsu-hisseleri-icin-hedef-fiyat-belirlendi\/"},"modified":"2026-02-19T14:45:29","modified_gmt":"2026-02-19T14:45:29","slug":"balsu-gida-balsu-hisseleri-icin-hedef-fiyat-belirlendi","status":"publish","type":"post","link":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2026\/02\/19\/balsu-gida-balsu-hisseleri-icin-hedef-fiyat-belirlendi\/","title":{"rendered":"Balsu G\u0131da (BALSU) hisseleri i\u00e7in hedef fiyat belirlendi"},"content":{"rendered":"

Balsu G\u0131da Sanayi ve Ticaret A.\u015e. (BALSU) hisseleri i\u00e7in 19 \u015eubat g\u00fcn\u00fc bir arac\u0131 kurum hedef fiyat a\u00e7\u0131klamas\u0131nda bulundu.<\/p>\n

\"|<\/figure>\n

Hedef fiyat haberleri \u2013 BALSU hisse yorumu<\/h2>\n

Balsu G\u0131da ile ilgili bir haberi de\u011ferlendiren arac\u0131 kurum \u015fu ifadeleri kulland\u0131; \u201cBalsu G\u0131da, tahminlerimize g\u00f6re 2\u00c724\u2019teki 15.400 tondan 9.000-9.600 ton seviyelerine gerileyen i\u00e7 f\u0131nd\u0131k sat\u0131\u015f hacimlerindeki keskin d\u00fc\u015f\u00fc\u015fe ra\u011fmen, 2\u00c725\u2019te y\u0131ll\u0131k bazda %3 art\u0131\u015fla 4.958 milyon TL sat\u0131\u015f rakam\u0131 a\u00e7\u0131klad\u0131 (2\u00c724: 4.817 milyon TL). Tahminlerimize g\u00f6re Balsu, \u00e7eyrekte T\u00fcrkiye\u2019nin toplam i\u00e7 f\u0131nd\u0131k ihracat hacminin yakla\u015f\u0131k \u2019\u00fcn\u00fc olu\u015fturdu. Hacimdeki gerileme, k\u00fcresel f\u0131nd\u0131k arz\u0131ndaki s\u0131k\u0131\u015f\u0131kl\u0131\u011f\u0131 yans\u0131tacak \u015fekilde kg ba\u015f\u0131na gelirin ~515 TL\u2019ye ula\u015fmas\u0131yla (2\u00c724: ~313 TL\/kg), artan fiyatlar sayesinde b\u00fcy\u00fck \u00f6l\u00e7\u00fcde telafi edildi. Br\u00fct kar y\u0131ll\u0131k bazda 1 art\u0131\u015fla 845 milyon TL\u2019ye y\u00fckselirken, br\u00fct kar marj\u0131 3,6 puan geni\u015fleyerek ,1\u2019e ula\u015ft\u0131 (2\u00c724: ,4). Bu durum, Balsu\u2019nun maliyet art\u0131\u015flar\u0131n\u0131 ba\u015far\u0131l\u0131 \u015fekilde fiyatlara yans\u0131tt\u0131\u011f\u0131n\u0131, olumlu fiyat makaslar\u0131ndan faydaland\u0131\u011f\u0131n\u0131 ve potansiyel olarak d\u00fc\u015f\u00fck maliyetli stok sat\u0131\u015flar\u0131ndan kazan\u00e7 elde etti\u011fini g\u00f6stermektedir. Kg ba\u015f\u0131na br\u00fct kar yakla\u015f\u0131k 88 TL\u2019ye ula\u015farak ge\u00e7en y\u0131l\u0131n olduk\u00e7a \u00fczerinde ger\u00e7ekle\u015fti.
Faaliyet giderleri y\u0131ll\u0131k bazda art\u0131\u015fla -285 milyon TL\u2019ye y\u00fckseldi ve gelir b\u00fcy\u00fcmesini hafif\u00e7e a\u015farak faaliyet gideri\/ciro oran\u0131n\u0131 0,6 puan art\u0131\u015fla %5,7\u2019ye ta\u015f\u0131d\u0131. Buna ra\u011fmen, g\u00fc\u00e7l\u00fc br\u00fct marj performans\u0131 sayesinde faaliyet kar\u0131 y\u0131ll\u0131k bazda @ art\u0131\u015fla 561 milyon TL\u2019ye ula\u015ft\u0131. FAV\u00d6K y\u0131ll\u0131k bazda 7 b\u00fcy\u00fcyerek 593 milyon TL olarak ger\u00e7ekle\u015fti (2\u00c724: 431 milyon TL) ve FAV\u00d6K marj\u0131 3,0 puan geni\u015fleyerek ,0\u2019a y\u00fckseldi (2\u00c724: %9,0).
Alt kalemlerde, net finansman giderleri iki kattan fazla artarak -888 milyon TL\u2019ye ula\u015ft\u0131 (2\u00c724: -351 milyon TL); bu durum, mevcut fiyat ortam\u0131nda daha maliyetli stok birikimi ve y\u00fckselen i\u015fletme sermayesi ihtiya\u00e7lar\u0131n\u0131n yaratt\u0131\u011f\u0131 artan d\u0131\u015f finansman gereksinimleri do\u011frultusunda beklentiler dahilinde ger\u00e7ekle\u015fti. 2\u00c724\u2019te kaydedilen -291 milyon TL\u2019lik parasal kayba kar\u015f\u0131l\u0131k bu \u00e7eyrekte 161 milyon TL parasal kazan\u00e7 yaz\u0131larak finansman maliyetleri k\u0131smen dengelendi. Vergi \u00f6ncesi zarar -86 milyon TL\u2019ye d\u00fc\u015ferken (2\u00c724: -30 milyon TL), 47 milyon TL\u2019lik ertelenmi\u015f vergi geliri net zarar\u0131n -39 milyon TL ile s\u0131n\u0131rl\u0131 kalmas\u0131na katk\u0131 sa\u011flad\u0131 (2\u00c724: -32 milyon TL net zarar); net kar marj\u0131 ise %-0,8 ile b\u00fcy\u00fck \u00f6l\u00e7\u00fcde sabit kald\u0131.
\u00c7eyreksel bazda, mevsimsel olarak zay\u0131f 1\u00c725\u2019e k\u0131yasla \u00e7arp\u0131c\u0131 bir iyile\u015fme g\u00f6r\u00fcld\u00fc; gelirler \u00e7eyreklik bazda 4 artarken FAV\u00d6K -217 milyon TL\u2019den 593 milyon TL\u2019ye d\u00f6nd\u00fc. Bu durum, Balsu\u2019nun ikinci ve \u00fc\u00e7\u00fcnc\u00fc \u00e7eyreklerde yo\u011funla\u015fan mevsimsel tedarik ve sat\u0131\u015f d\u00f6ng\u00fcs\u00fcyle uyumlu \u015fekildedir ancak don ve kurakl\u0131k olaylar\u0131n\u0131n bu sezona verdi\u011fi hasarlar a\u00e7\u0131k\u00e7a g\u00f6zlemlenmektedir.
Yorum:<\/em><\/strong> Balsu, f\u0131nd\u0131k fiyatlar\u0131ndaki olumlu dinamiklerin sat\u0131\u015f hacimlerindeki y\u0131ll\u0131k bazda ~7-38\u2019lik d\u00fc\u015f\u00fc\u015f\u00fc fazlas\u0131yla telafi etmesiyle, anlaml\u0131 br\u00fct marj geni\u015flemesi ve g\u00fc\u00e7l\u00fc FAV\u00d6K b\u00fcy\u00fcmesi ile operasyonel a\u00e7\u0131dan g\u00fc\u00e7l\u00fc bir \u00e7eyrek ge\u00e7irdi. Ancak a\u011f\u0131r finansman gideri y\u00fck\u00fc, faaliyet k\u00e2r\u0131ndaki kazan\u0131mlar\u0131 a\u015f\u0131nd\u0131rmaya devam ederek net k\u00e2r\u0131n negatif b\u00f6lgede kalmas\u0131na neden olmaktad\u0131r. \u0130leriye d\u00f6n\u00fck temel soru, mevcut f\u0131nd\u0131k fiyat seviyelerinin mali y\u0131l\u0131n ikinci yar\u0131s\u0131nda s\u00fcrd\u00fcr\u00fclebilir olup olmad\u0131\u011f\u0131 ve Balsu\u2019nun yeni hasat sezonu devam ederken fiyatlama disiplinini koruyup koruyamayaca\u011f\u0131d\u0131r. 1Y25 br\u00fct marj ve FAV\u00d6K marj\u0131 ger\u00e7ekle\u015fmeleri s\u0131ras\u0131yla ,4 ve ,2 ile y\u0131l sonu tahminlerimiz olan “,7 ve ,3\u2019\u00fcn \u00f6nemli \u00f6l\u00e7\u00fcde alt\u0131nda kalm\u0131\u015ft\u0131r; bu durum k\u0131smen sat\u0131\u015flardaki beklenenden g\u00fc\u00e7l\u00fc mevsimsellikten (tahmini 1Y25 sat\u0131\u015f hacmi ~11 bin ton vs. t\u00fcm y\u0131l tahminimiz 40 bin ton), k\u0131smen de beklenenden zay\u0131f stoklardan sat\u0131\u015f kazan\u0131mlar\u0131ndan kaynaklanmaktad\u0131r. \u0130lk yar\u0131 ger\u00e7ekle\u015fmelerini yans\u0131tacak \u015fekilde y\u0131l sonu tahminlerimizi ve hisse senedi de\u011ferlememizi g\u00f6zden ge\u00e7irece\u011fiz.\u201d<\/p>\n

BALSU hisse hedef fiyat 2026<\/h2>\n

\u0130\u015fte arac\u0131 kurumlar\u0131n Balsu G\u0131da i\u00e7in belirledi\u011fi hedef fiyat ve tavsiyesi;<\/p>\n

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<\/div>\n<\/div>\n
\"|<\/figure>\n

\u0130\u015f Yat\u0131r\u0131m<\/h3>\n

\u0130\u015f Yat\u0131r\u0131m, BALSU \u2013 Balsu G\u0131da i\u00e7in hedef fiyat\u0131n\u0131 27,14 TL, tavsiyesini \u201cal\u201d olarak s\u00fcrd\u00fcrd\u00fc.<\/p>\n

\n\n\n\n\n\n\n\n\n
Arac\u0131 Kurum<\/strong><\/td>\n\u0130\u015f Yat\u0131r\u0131m<\/td>\n<\/tr>\n
Hedef fiyat<\/strong><\/td>\n27,14 TL<\/td>\n<\/tr>\n
Son fiyat (\u0130st: BALSU)<\/strong><\/td>\n16,19 TL<\/td>\n<\/tr>\n
Tavsiye<\/strong><\/td>\nAl<\/td>\n<\/tr>\n
Prim potansiyeli<\/strong><\/td>\ng,63<\/td>\n<\/tr>\n
A\u00e7\u0131klanma tarihi<\/strong><\/td>\n19 \u015eubat 2026<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/figure>\n

Kaynak:<\/strong> \u0130\u015f Yat\u0131r\u0131m Ara\u015ft\u0131rma<\/em><\/p>\n

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Astor Enerji (ASTOR) hisseleri 2026 y\u0131l\u0131nda bu fiyat\u0131 g\u00f6rebilir<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n

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