{"id":65154,"date":"2026-04-10T11:13:22","date_gmt":"2026-04-10T11:13:22","guid":{"rendered":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2026\/04\/10\/bim-birlesik-magazalar-bimas-bilanco-yorumu\/"},"modified":"2026-04-10T11:13:22","modified_gmt":"2026-04-10T11:13:22","slug":"bim-birlesik-magazalar-bimas-bilanco-yorumu","status":"publish","type":"post","link":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/2026\/04\/10\/bim-birlesik-magazalar-bimas-bilanco-yorumu\/","title":{"rendered":"Bim Birle\u015fik Ma\u011fazalar (BIMAS) bilan\u00e7o yorumu"},"content":{"rendered":"<p>Bim Birle\u015fik Ma\u011fazalar A.\u015e. (BIMAS) 2025 y\u0131l\u0131 4. \u00e7eyrek finansal sonu\u00e7lar\u0131 kamuya a\u00e7\u0131kland\u0131. <a href=\"https:\/\/rotaborsa.com\/haberler\/bilanco-haberleri\/\">Bilan\u00e7o<\/a> sonras\u0131nda \u015eirketin finansal tablolar\u0131 i\u00e7in de\u011ferlendirme, Gedik Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e.\u2019den geldi.<\/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\/2023\/09\/bimas.jpg\" alt=\"| Rota Borsa\" class=\"wp-image-57135\" title=\"2 kurum Ford Otomotiv (FROTO) i\u00e7in hedef fiyatlar\u0131n\u0131 a\u00e7\u0131klad\u0131 6 HABERLER, G\u00fcndemdekiler, \u015eirket Haberleri Rota Borsa\" \/><\/figure>\n<h2 class=\"wp-block-heading\">Bim Birle\u015fik Ma\u011fazalar A.\u015e. hisse haberleri \u2013 BIMAS hisse yorumu<\/h2>\n<p>Gedik Yat\u0131r\u0131m de\u011ferlendirmesi \u015fu \u015fekilde; \u201c\u015eirketin net sat\u0131\u015flar\u0131 4. \u00e7eyrekte ge\u00e7en y\u0131l\u0131n ayn\u0131 \u00e7eyre\u011fine g\u00f6re ,08 art\u0131\u015fla 185.963 milyon TL olmu\u015ftur. 2025 y\u0131l\u0131nda bir \u00f6nceki y\u0131la g\u00f6re net sat\u0131\u015flar\u0131 %6,03 art\u0131\u015fla 721.063 milyon TL seviyesinde ger\u00e7ekle\u015fmi\u015ftir. FAV\u00d6K\u2018\u00fc 4. \u00e7eyrekte ge\u00e7en y\u0131l\u0131n ayn\u0131 \u00e7eyre\u011fine g\u00f6re @,58 art\u0131\u015fla 12.820 milyon TL olmu\u015ftur. 2025 y\u0131l\u0131nda bir \u00f6nceki y\u0131la g\u00f6re FAV\u00d6K\u2019\u00fc G,27 art\u0131\u015fla 43.485 milyon TL seviyesinde ger\u00e7ekle\u015fmi\u015ftir. FAV\u00d6K marj\u0131 4. \u00e7eyrekte ge\u00e7en y\u0131l\u0131n ayn\u0131 \u00e7eyre\u011fine g\u00f6re 150 baz puan art\u0131\u015fla %6,9 olmu\u015ftur. 2025 y\u0131l\u0131nda bir \u00f6nceki y\u0131la g\u00f6re FAV\u00d6K marj\u0131 169 baz puan art\u0131\u015fla %6,0 olmu\u015ftur. Net kar\u0131 4. \u00e7eyrekte ge\u00e7en y\u0131l\u0131n ayn\u0131 \u00e7eyre\u011fine g\u00f6re 6,22 art\u0131\u015fla 6889,11 milyon TL olmu\u015ftur. 2025 y\u0131l\u0131nda bir \u00f6nceki y\u0131la g\u00f6re net kar\u0131 #,41 azal\u0131\u015fla 18.632 milyon TL seviyesinde ger\u00e7ekle\u015fmi\u015ftir.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"518\" src=\"https:\/\/rotaborsa.com\/wp-content\/uploads\/2026\/03\/BEFE178E-7E3E-409F-8ED1-10E83553D762-1024x518.png\" alt=\"| Rota Borsa\" class=\"wp-image-424739\" title=\"| Rota Borsa\" \/><\/figure>\n<p>4\u00c725\u2019te \u015eirket, 12.820 mn TL FAV\u00d6K (kons: 9.616 mn TL, Gedik: 8.953 mn TL) ve 6.889 mn TL net k\u00e2r (kons: 4.237 mn TL, Gedik: 3.841 mn TL) a\u00e7\u0131klam\u0131\u015ft\u0131r. Sonu\u00e7lar\u0131 marjlar\u0131n beklentilerin \u00fczerinde ger\u00e7ekle\u015fmesi nedeniyle s\u0131n\u0131rl\u0131 pozitif olarak de\u011ferlendiriyoruz. \u015eirket, y\u0131ll\u0131k  art\u0131\u015fla 185.963 mn TL sat\u0131\u015f geliri a\u00e7\u0131klam\u0131\u015ft\u0131r. \u00c7eyreklik bazda gelirler yaln\u0131zca %1 gerilemi\u015f, ki \u00fc\u00e7\u00fcnc\u00fc \u00e7eyre\u011fin y\u0131l\u0131n en g\u00fc\u00e7l\u00fc sezonu oldu\u011fu dikkate al\u0131nd\u0131\u011f\u0131nda bu performans dikkat \u00e7ekicidir (Migros y\u0131ll\u0131k:  %7,8). FAV\u00d6K marj\u0131 konsens\u00fcs beklentinin 160bp \u00fczerinde, y\u0131ll\u0131k 150bp y\u00fckseli\u015fle %6,9 olmu\u015ftur (Migros y\u0131ll\u0131k:  33 bp; %7,1). Marjlardaki iyile\u015fme br\u00fct k\u00e2r marj\u0131ndaki art\u0131\u015f ve faaliyet giderlerinin g\u00f6rece d\u00fc\u015f\u00fck seyri ile desteklenmi\u015ftir. Marjlardaki iyile\u015fmenin bir k\u0131sm\u0131n\u0131n nakdin tedarik\u00e7ilere y\u00f6nlendirilmesi stratejisinden kaynakland\u0131\u011f\u0131 g\u00f6r\u00fclmektedir. \u015eirketin negatif nakit d\u00f6ng\u00fcs\u00fc 2,7 g\u00fcn azalarak -2,4 g\u00fcn seviyesine gerilemi\u015ftir. Bu strateji \u00fcst \u00fcste ikinci \u00e7eyrekte uygulanm\u0131\u015ft\u0131r. Nakit d\u00f6ng\u00fcs\u00fcndeki d\u00fc\u015f\u00fc\u015f\u00fcn 4\u00c725\u2019te sekt\u00f6r genelinde g\u00f6zlenen bir e\u011filim oldu\u011funu belirtmek gerekir. \u015eirket, %6\u20138 aral\u0131\u011f\u0131ndaki gelir b\u00fcy\u00fcmesi hedefinin alt band\u0131n\u0131 yakalam\u0131\u015f, %5-5,5 FAV\u00d6K marj\u0131 hedefini a\u015fm\u0131\u015ft\u0131r. Net bor\u00e7 pozisyonu y\u0131ll\u0131k %2,5 ve \u00e7eyreklik $ artm\u0131\u015ft\u0131r. Net finansal nakit, \u00f6nceki \u00e7eyrekteki 19 milyar TL seviyesinden 14 milyar TL\u2019ye gerilemi\u015ftir. Net k\u00e2r, daha d\u00fc\u015f\u00fck parasal kazan\u00e7lara ra\u011fmen \u2019lik daha d\u00fc\u015f\u00fck vergi oran\u0131 ve azalan finansal giderler sayesinde y\u0131ll\u0131k 6 artm\u0131\u015ft\u0131r. \u015eirket 2026 y\u0131l\u0131na ili\u015fkin beklentilerini payla\u015fm\u0131\u015ft\u0131r. Buna g\u00f6re: %6 ( \/-2%) gelir b\u00fcy\u00fcmesi, %6,5 FAV\u00d6K marj\u0131 ( \/- 50 bp) Yat\u0131r\u0131m Harcamalar\u0131 \/ Sat\u0131\u015f Gelirleri: %3,0\u20133,5 (2025: %2,9) \u00f6ng\u00f6rmektedir. Beklentiler do\u011frultusunda hisse 2026 y\u0131l\u0131 tahmini 6,1x FD\/FAV\u00d6K ile i\u015flem g\u00f6rmektedir (MGROS 3,3x FD\/FAV\u00d6K). (SINIRLI POZ\u0130T\u0130F)\u201d<br \/>\u27a2 Raporun tamam\u0131n\u0131 PDF olarak g\u00f6r\u00fcnt\u00fclemek i\u00e7in a\u015fa\u011f\u0131daki dosyay\u0131 indirebilirsiniz.<\/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<div data-wp-interactive=\"core\/file\" class=\"wp-block-file\"><object><\/object><a id=\"wp-block-file--media-da6991da-83b8-4e5b-a948-4d8139a28219\" href=\"https:\/\/rotaborsa.com\/wp-content\/uploads\/2026\/03\/4c25_finansal-degerlendirme_bimas_20260311.pdf\">4c25_finansal-degerlendirme_bimas_20260311<\/a><a href=\"https:\/\/rotaborsa.com\/wp-content\/uploads\/2026\/03\/4c25_finansal-degerlendirme_bimas_20260311.pdf\" class=\"wp-block-file__button wp-element-button\" download aria-describedby=\"wp-block-file--media-da6991da-83b8-4e5b-a948-4d8139a28219\">\u0130ndir<\/a><\/div>\n<p><em><strong>Kaynak: <\/strong>Gedik Yat\u0131r\u0131m Ara\u015ft\u0131rma<\/em><\/p>\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\" style=\"font-size:10px\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group\">\n<div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<ul class=\"wp-block-social-links aligncenter has-huge-icon-size has-visible-labels has-icon-color is-style-default is-horizontal is-content-justification-center is-layout-flex wp-container-core-social-links-is-layout-499968f5 wp-block-social-links-is-layout-flex\">\n<li style=\"color:#ffffff\" class=\"wp-social-link wp-social-link-whatsapp has-white-color wp-block-social-link\"><a rel=\"noopener nofollow\" target=\"_blank\" href=\"https:\/\/whatsapp.com\/channel\/0029Vb6J7JQ6GcG8uLrIR81x\" class=\"wp-block-social-link-anchor\"><span class=\"wp-block-social-link-label\">Rota Borsa WhatsApp kanal\u0131na kat\u0131l\u0131n!<\/span><\/a><\/li>\n<li style=\"color:#ffffff\" class=\"wp-social-link wp-social-link-telegram has-white-color wp-block-social-link\"><a rel=\"noopener nofollow\" target=\"_blank\" href=\"https:\/\/t.me\/rotaborsa_halkaarz\" class=\"wp-block-social-link-anchor\"><span class=\"wp-block-social-link-label\">Rota Borsa Telegram kanal\u0131na kat\u0131l\u0131n!<\/span><\/a><\/li>\n<li style=\"color:#ffffff\" class=\"wp-social-link wp-social-link-x has-white-color wp-block-social-link\"><a rel=\"noopener nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/rotaborsa\" class=\"wp-block-social-link-anchor\"><span class=\"wp-block-social-link-label\">Rota Borsa Twitter hesab\u0131n\u0131 takip edin!<\/span><\/a><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p><em><em><em><em><em><em><em><em><em><em><em><em><em><em><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><\/em><\/em><\/em><\/em><\/em><\/em><\/em><\/em><\/em><\/em><\/em><\/em><\/em><\/em><br \/><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>Bim Birle\u015fik Ma\u011fazalar A.\u015e. (BIMAS) 2025 y\u0131l\u0131 4. \u00e7eyrek finansal sonu\u00e7lar\u0131 kamuya a\u00e7\u0131kland\u0131. Bilan\u00e7o sonras\u0131nda \u015eirketin finansal tablolar\u0131 i\u00e7in de\u011ferlendirme, Gedik Yat\u0131r\u0131m Menkul De\u011ferler A.\u015e.\u2019den geldi. Bim Birle\u015fik Ma\u011fazalar A.\u015e. hisse haberleri \u2013 BIMAS hisse yorumu Gedik Yat\u0131r\u0131m de\u011ferlendirmesi \u015fu \u015fekilde; \u201c\u015eirketin net sat\u0131\u015flar\u0131 4. \u00e7eyrekte ge\u00e7en y\u0131l\u0131n ayn\u0131 \u00e7eyre\u011fine g\u00f6re ,08 art\u0131\u015fla 185.963 milyon [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":65155,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-65154","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\/65154","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=65154"}],"version-history":[{"count":0,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/posts\/65154\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media\/65155"}],"wp:attachment":[{"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/media?parent=65154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/categories?post=65154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazing-banzai.188-132-230-163.plesk.page\/index.php\/wp-json\/wp\/v2\/tags?post=65154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}