S&P 500 7,722.60 ▲ 45.83 (+0.60%) DOW 52,377.57 ▲ 15.97 (+0.03%) NASDAQ 26,477.81 ▲ 308.43 (+1.18%) US Markets Closed â€ĸ 03:03 AM ET

HEPS

D-Market Elektronik Hizmetler ve Ticaret A.S.

Price Chart
Latest Quote

$2.78

+0.00 (+0.00%)
Current Price
Previous Close $2.78
Open $2.79
Day High $2.80
Day Low $2.76
Volume 47,777
Fetched: 2026-10-28T07:03:18
Stock Information
Note: Financial values converted from TRY to USD
Shares Outstanding 388.65M
Sector Consumer Cyclical
Industry Internet Retail
Market Cap $1.19B
EPS (TTM) $-0.48
Exchange NMS
🌐 Visit Website
📊 Comprehensive Analysis
Company Data
Book/sh$2.67
Employees4K
Financial Ratios
Quick Ratio0.45
Current Ratio0.77
Returns & Margins
ROA-4.57%
ROE-636.49%
Gross Margin25.32%
Profit Margin-8.00%
Ownership
Insider Ownership92.52%
Institutional Ownership6.65%
Insider & Institutional transactions data not available
Valuation Ratios
Forward P/E0.65
P/B1.04
Analyst Data
Recommendationbuy
Target Price$3.28
Technical Indicators
SMA20$2.67
SMA50$2.63
SMA200$2.74
RSI74.07
ATR0.0699
Shares Float24.04M
Short Float0.81%
Short Ratio1.14
Volatility2.08
Rel Volume0.27
Performance History
Week+1.09%
Month+10.32%
Quarter-2.80%
6 Months+0.00%
YTD+8.59%
Year+7.75%
3 Years+131.67%
5 Years-48.13%
10 Years-79.30%
Stock Score: ⭐ Premium
Based on debt, profitability, growth, and cash flow metrics
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Recent Price History
Date Close Volume
2026-10-27 $2.78 47,800
2026-10-26 $2.78 75,200
2026-10-23 $2.80 91,900
2026-10-22 $2.79 110,900
2026-10-21 $2.75 30,100
2026-10-20 $2.75 55,800
2026-10-19 $2.73 177,300
2026-10-16 $2.71 132,000
2026-10-15 $2.73 83,700
2026-10-14 $2.73 216,600
2026-10-13 $2.74 39,000
2026-10-12 $2.72 134,600
2026-10-09 $2.74 215,900
2026-10-08 $2.65 172,000
2026-10-07 $2.65 532,600
2026-10-06 $2.46 154,900
2026-10-05 $2.42 322,500
2026-10-02 $2.44 226,600
2026-10-01 $2.48 165,400
2026-09-30 $2.46 558,600
2026-09-29 $2.52 257,300
2026-09-28 $2.52 247,400
About D-Market Elektronik Hizmetler ve Ticaret A.S.

D-Market Elektronik Hizmetler ve Ticaret A.S. operates e-commerce platforms in Turkey. The company operates a retail website that provides electronics and non-electronics products, such as books, sports, toys, kids and baby products, cosmetics, furniture, etc. It also operates HepsiJet that provides last-mile delivery services; HepsiLojistik, which offers fulfillment services; HepsiMat, an offline network of pick-up and drop-off point; HepsiAd that provides advertising service; and Hepsipay and Hepsifinans, which offers e-wallet, e-money, payment facilitation services, and consumer lending. The company was incorporated in 2000 and is headquartered in Istanbul, Turkey. D-Market Elektronik Hizmetler ve Ticaret A.S. is a subsidiary of Joint Stock Company Kaspi.kz.

📰 Latest News
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Income Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Revenue
Reconciled Cost Of Revenue $1,089,468,363 $941,966,900 $945,455,650 $603,875,159
Cost Of Revenue $1,089,468,363 $941,966,900 $945,455,650 $603,875,159
Total Revenue $1,708,467,157 $1,507,002,583 $1,356,224,425 $771,540,985
Operating Revenue $1,601,121,398 $1,418,445,179 $1,314,414,622 $757,342,041
Expenses
Interest Expense $84,893,492 $75,713,277 $52,546,294 $16,332,756
Total Expenses $1,726,663,889 $1,495,565,161 $1,380,718,877 $903,372,256
Rent Expense Supplemental $2,345,807 $3,345,476 $1,502,894 $804,506
Other Income Expense $48,252,554 $54,821,181 $116,248,488 $32,295,874
Other Non Operating Income Expenses $67,734,675 $53,375,040 $48,475,124 $-391,072
Net Non Operating Interest Income Expense $-145,948,981 $-108,655,469 $-88,873,136 $-40,060,161
Total Other Finance Cost $144,538,118 $114,947,881 $69,796,437 $39,414,287
Interest Expense Non Operating $84,893,492 $75,713,277 $52,546,294 $16,332,756
Operating Expense $637,195,526 $553,598,261 $435,263,227 $299,497,097
Other Operating Expenses $38,265,895 $36,407,631 $17,383,184 $15,890,643
Selling And Marketing Expense $333,108,533 $274,352,937 $219,372,659 $161,372,223
General And Administrative Expense $200,917,775 $187,883,410 $150,137,451 $96,850,406
Income & Earnings
Net Income From Continuing Operation Net Minority Interest $-115,022,394 $-42,396,866 $2,880,900 $-139,595,557
Net Interest Income $-145,948,981 $-108,655,469 $-88,873,136 $-40,060,161
Interest Income $83,482,629 $82,005,690 $33,469,595 $15,686,883
Normalized Income $-95,686,652 $-43,843,007 $-64,892,464 $-172,282,504
Net Income From Continuing And Discontinued Operation $-115,022,394 $-42,396,866 $2,880,900 $-139,595,557
Total Operating Income As Reported $-40,970,987 $447,966 $-27,651,103 $-148,980,118
Net Income Common Stockholders $-115,022,394 $-42,396,866 $2,880,900 $-139,595,557
Net Income $-115,022,394 $-42,396,866 $2,880,900 $-139,595,557
Net Income Including Noncontrolling Interests $-115,022,394 $-42,396,866 $2,880,900 $-139,595,557
Net Income Continuous Operations $-115,022,394 $-42,396,866 $2,880,900 $-139,595,557
Pretax Income $-115,893,159 $-42,396,866 $2,880,900 $-139,595,557
Special Income Charges $-22,524,056 $-10,752,395 $-3,032,550 $-15,192,699
Interest Income Non Operating $83,482,629 $82,005,690 $33,469,595 $15,686,883
Operating Income $-18,196,732 $11,437,422 $-24,494,452 $-131,831,271
Depreciation Amortization Depletion Income Statement $64,006,785 $54,105,840 $44,782,190 $24,619,239
Depreciation And Amortization In Income Statement $64,006,785 $54,105,840 $44,782,190 $24,619,239
Gross Profit $618,998,794 $565,035,683 $410,768,775 $167,665,826
Per Share
Diluted EPS $-0.36 $-0.10 $0.00 $-0.08
Basic EPS $-0.36 $-0.10 $0.00 $-0.08
Other
Tax Effect Of Unusual Items $-146,379 $0 $0 $0
Tax Rate For Calcs $0 $0 $0 $0
Normalized EBITDA (Bullshit earnings) $52,489,239 $85,976,110 $32,436,020 $-131,330,508
Total Unusual Items $-19,482,121 $1,446,141 $67,773,364 $32,686,946
Total Unusual Items Excluding Goodwill $-19,482,121 $1,446,141 $67,773,364 $32,686,946
Reconciled Depreciation $64,006,785 $54,105,840 $44,782,190 $24,619,239
EBITDA (Bullshit earnings) $33,007,118 $87,422,252 $100,209,384 $-98,643,562
EBIT $-30,999,667 $33,316,412 $55,427,195 $-123,262,801
Diluted Average Shares $6,390,133 $6,627,136 $6,628,038 $6,087,454
Basic Average Shares $6,390,133 $6,627,136 $6,628,038 $6,087,454
Diluted NI Availto Com Stockholders $-115,022,394 $-42,396,866 $2,880,900 $-139,595,557
Tax Provision $-870,765 $0 $0 $0
Write Off $17,085,798 $10,752,395 $1,756,121 -
Impairment Of Capital Assets $5,438,258 $0 - -
Gain On Sale Of Security $3,041,935 $12,198,536 $70,805,914 $47,879,646
Other Taxes $896,537 $848,443 $3,587,744 $-36,954
Selling General And Administration $534,026,309 $462,236,347 $369,510,110 $258,222,629
Other Gand A $10,831,308 $8,007,644 $10,727,470 $6,627,398
Insurance And Claims $3,462,009 $3,428,425 $4,261,954 $3,470,707
Rent And Landing Fees $2,345,807 $3,345,476 $1,502,894 $804,506
Salaries And Wages $184,278,652 $173,101,864 $133,645,134 $85,947,795
Provision For Doubtful Accounts - $8,214,695 $929,253 $801,539
Other Special Charges - - $1,276,429 $15,192,699
Fetched: 2026-10-19
Balance Sheet (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Assets
Net Tangible Assets $-37,560,867 $6,932,756 $42,227,980 $39,802,009
Total Assets $745,666,609 $690,671,881 $512,280,421 $334,789,859
Total Non Current Assets $146,915,026 $139,752,232 $86,145,520 $56,174,989
Other Non Current Assets $15,217 $24,703 $28,679 $15,137
Non Current Prepaid Assets $803,275 $302,997 $953,896 $852,096
Non Current Deferred Assets $967,317 $0 - -
Non Current Deferred Taxes Assets $967,317 $0 - -
Non Current Accounts Receivable $539,896 $2,314,000 $23,290 $1,228,435
Goodwill And Other Intangible Assets $78,159,471 $80,811,060 $54,011,508 $28,127,486
Other Intangible Assets $78,148,613 $80,800,202 $54,003,213 $28,121,734
Current Assets $598,751,583 $550,919,648 $426,134,901 $278,614,870
Other Current Assets $2,535,278 $1,147,847 $1,318,993 $98,187
Restricted Cash $4,516,836 $4,068,769 $5,312,381 $3,572,486
Prepaid Assets $18,146,215 $10,714,129 $13,491,091 $5,773,970
Inventory $176,176,575 $158,540,931 $115,535,509 $59,468,051
Receivables $128,473,524 $135,130,207 $80,013,880 $33,997,543
Taxes Receivable $2,546,641 $273,066 $9,937,999 $11,224,539
Accounts Receivable $125,922,725 $133,290,854 $69,154,721 $19,291,843
Cash Cash Equivalents And Short Term Investments $268,903,155 $241,317,765 $210,463,048 $175,704,632
Cash And Cash Equivalents $228,213,852 $178,319,873 $160,264,155 $175,120,779
Cash Equivalents $226,028,332 $175,657,950 $136,503,631 $166,547,203
Cash Financial $2,185,519 $2,661,922 $23,760,523 $8,573,576
Other Receivables - $1,181,673 $653,603 $3,307,190
Non Current Note Receivables - - $16,126 $128,279
Loans Receivable - - $0 $116,855
Allowance For Doubtful Accounts Receivable - - $-1,253,522 $-851,935
Gross Accounts Receivable - - $49,151,634 $20,143,777
Debt
Total Debt $48,958,671 $70,677,676 $13,481,807 $9,522,204
Long Term Debt And Capital Lease Obligation $15,708,619 $15,419,266 $3,631,540 $3,853,484
Current Debt And Capital Lease Obligation $33,250,052 $55,258,410 $9,850,267 $5,668,719
Current Debt $12,039,742 $44,451,624 $5,346,166 $433,939
Other Current Borrowings - $16,175,435 $5,346,166 $433,939
Long Term Debt - - $81,839 $363,281
Liabilities
Total Liabilities Net Minority Interest $705,068,005 $602,928,065 $416,040,933 $266,860,364
Total Non Current Liabilities Net Minority Interest $31,175,818 $32,688,803 $18,408,424 $9,275,839
Non Current Deferred Liabilities $10,160,408 $13,207,106 $11,738,178 $4,875,071
Current Liabilities $673,892,188 $570,239,262 $397,632,509 $257,584,526
Other Current Liabilities $2,074,759 $2,086,747 $2,590,235 $2,486,881
Current Deferred Liabilities $63,754,688 $64,324,252 $56,265,264 $25,162,486
Payables And Accrued Expenses $545,623,877 $425,557,829 $316,461,640 $205,436,024
Payables $539,184,699 $419,641,614 $312,986,472 $203,438,442
Other Payable $90,275 $178,977 $287,194 $3,569,479
Total Tax Payable $16,787,120 $23,558,236 $4,769,558 $3,926,968
Accounts Payable $522,307,303 $395,562,533 $307,794,559 $195,756,479
Current Notes Payable - $8,891,608 $0 -
Other Non Current Liabilities - - - $2,958,662
Equity
Common Stock Equity $40,598,604 $87,743,816 $96,239,488 $67,929,494
Total Equity Gross Minority Interest $40,598,604 $87,743,816 $96,239,488 $67,929,494
Stockholders Equity $40,598,604 $87,743,816 $96,239,488 $67,929,494
Gains Losses Not Affecting Retained Earnings $0 $29,077,365 $18,583,021 $-234,442,085
Retained Earnings $-369,943,100 $-506,279,683 $-353,954,856 -
Other Equity Adjustments - $29,077,365 $18,583,021 $-234,442,085
Other
Treasury Shares Number $93,149 - - -
Ordinary Shares Number $7,209,621 $6,579,390 $6,579,390 $6,579,390
Share Issued $7,302,770 $6,579,390 $6,579,390 $6,579,390
Tangible Book Value $-37,560,867 $6,932,756 $42,227,980 $39,802,009
Invested Capital $52,638,346 $132,195,440 $101,667,494 $68,726,715
Working Capital $-75,140,605 $-19,319,613 $28,502,392 $21,030,345
Capital Lease Obligations $36,918,929 $26,226,052 $8,053,801 $8,724,983
Total Capitalization $40,598,604 $87,743,816 $96,321,328 $68,292,776
Treasury Stock $6,477,908 $6,477,908 $4,949,039 $0
Additional Paid In Capital $397,855,685 $552,404,802 $422,029,925 $292,307,461
Capital Stock $19,163,927 $19,019,240 $14,530,438 $10,064,118
Common Stock $19,163,927 $19,019,240 $14,530,438 $10,064,118
Employee Benefits $5,306,791 $4,062,432 $3,038,705 $547,283
Non Current Deferred Revenue $6,906,297 $7,887,338 $6,095,837 $0
Long Term Capital Lease Obligation $15,708,619 $15,419,266 $3,549,701 $3,490,203
Current Deferred Revenue $63,754,688 $64,324,252 $56,265,264 $25,162,486
Current Capital Lease Obligation $21,210,310 $10,806,786 $4,504,101 $5,234,780
Line Of Credit $12,039,742 $44,451,624 $5,346,166 -
Pensionand Other Post Retirement Benefit Plans Current $20,518,078 $13,792,977 $8,433,087 $5,190,056
Current Provisions $8,670,733 $9,219,046 $4,032,017 $13,640,359
Current Accrued Expenses $6,439,178 $5,916,215 $3,475,167 $1,997,582
Dueto Related Parties Current $0 $341,868 $135,161 $185,516
Goodwill $10,858 $10,858 $8,295 $5,752
Net PPE $66,429,850 $56,299,473 $31,128,147 $25,823,557
Accumulated Depreciation $-146,485,265 $-120,712,527 $-76,146,530 $-40,911,570
Gross PPE $212,915,115 $177,012,000 $107,274,677 $66,735,127
Leases $11,406,240 $9,981,492 $6,690,710 $4,408,053
Other Properties $7,620,205 $6,556,841 $5,009,344 $3,442,755
Machinery Furniture Equipment $104,003,654 $88,113,838 $56,070,000 $36,050,203
Buildings And Improvements $89,885,015 $72,359,829 $39,504,623 $22,834,116
Properties $0 $0 $0 $0
Finished Goods $176,176,575 $158,540,931 $115,535,509 $59,468,051
Duefrom Related Parties Current $4,158 $384,614 $267,557 $57,116
Other Short Term Investments $40,689,303 $62,997,893 $50,198,893 $583,853
Fetched: 2026-10-19
Cash Flow Statement (Annual)
Metric 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Free Cash Flow
Free Cash Flow $179,008,714 $97,403,300 $147,428,807 $-19,997,012
Operating Activities
Operating Cash Flow $227,745,885 $150,515,970 $191,432,364 $20,595,921
Cash Flow From Continuing Operating Activities $227,745,885 $150,515,970 $191,432,364 $20,595,921
Operating Gains Losses $10,117,198 $1,168,352 $3,232,960 $-60,885,615
Investing Activities
Capital Expenditure $-48,737,171 $-53,112,670 $-44,003,557 $-40,592,933
Investing Cash Flow $51,773,212 $23,635,555 $-64,011,063 $52,616,125
Cash Flow From Continuing Investing Activities $51,773,212 $23,635,555 $-64,011,063 $52,616,125
Financing Activities
Repurchase Of Capital Stock $0 $0 $-1,831,623 $0
Issuance Of Capital Stock $84,199,686 $0 $0 $0
Financing Cash Flow $-186,468,450 $-154,960,815 $-127,009,077 $-70,791,322
Cash Flow From Continuing Financing Activities $-186,468,450 $-154,960,815 $-127,009,077 $-70,791,322
Cash Dividends Paid $0 $0 $0 $0
Net Common Stock Issuance $84,199,686 $0 $-1,831,623 $0
Common Stock Issuance $84,199,686 $0 $0 $0
Net Other Financing Charges - - - -
Other
Repayment Of Debt $-221,653,661 $-112,604,536 $-26,211,319 $-65,738,667
Issuance Of Debt $169,327,393 $137,987,897 $22,020,044 $45,357,708
End Cash Position $228,007,447 $178,283,181 $209,741,612 $252,539,197
Other Cash Adjustment Outside Changein Cash $-44,068,120 $-51,967,890 $-127,877,642 $-97,420,455
Beginning Cash Position $178,283,181 $209,741,612 $330,554,445 $300,703,513
Effect Of Exchange Rate Changes $741,739 $1,318,751 $6,652,586 $46,835,414
Changes In Cash $93,050,647 $19,190,709 $412,223 $2,420,724
Interest Paid Cff $-218,341,869 $-180,344,176 $-120,986,179 $-50,410,363
Common Stock Payments $0 $0 $-1,831,623 $0
Net Issuance Payments Of Debt $-52,326,267 $25,383,361 $-4,191,275 $-20,380,959
Net Short Term Debt Issuance $-29,650,219 $37,834,983 $7,536,025 $-10,737,541
Short Term Debt Payments $-198,977,612 $-100,152,914 $-14,484,019 $-56,095,248
Short Term Debt Issuance $169,327,393 $137,987,897 $22,020,044 $45,357,708
Net Long Term Debt Issuance $-22,676,048 $-12,451,622 $-11,727,300 $-9,643,419
Long Term Debt Payments $-22,676,048 $-12,451,622 $-11,727,300 $-9,643,419
Interest Received Cfi $79,993,778 $83,778,401 $42,429,319 $15,445,240
Net Investment Purchase And Sale $20,368,164 $-7,420,824 $-62,725,089 $77,960,716
Sale Of Investment $68,525,498 $162,397,220 $130,729,964 $153,408,475
Purchase Of Investment $-48,157,334 $-169,818,045 $-193,455,053 $-75,447,759
Net PPE Purchase And Sale $-48,588,730 $-52,722,022 $-43,715,294 $-40,568,996
Sale Of PPE $148,441 $390,648 $288,264 $23,936
Purchase Of PPE $-48,737,171 $-53,112,670 $-44,003,557 $-40,592,933
Change In Working Capital $85,642,336 $-41,073,634 $-35,610,613 $29,468,921
Change In Other Working Capital $5,850,360 $-3,954,174 $11,090,650 $13,367,333
Change In Other Current Liabilities $-17,131,995 $10,981,080 $11,171,076 $6,188,878
Change In Other Current Assets $-10,379,204 $21,817,958 $2,820,979 $9,936,122
Change In Payables And Accrued Expense $132,268,641 $-5,814,536 $39,493,038 $-39,008,482
Change In Payable $132,268,641 $-5,814,536 $39,493,038 $-39,008,482
Change In Account Payable $132,610,509 $-5,979,486 $39,820,799 $-37,788,160
Change In Inventory $-23,382,106 $-9,359,858 $-44,799,506 $52,745,675
Change In Receivables $-1,583,361 $-54,744,105 $-55,386,850 $-13,760,605
Changes In Account Receivables $-3,145,470 $-54,383,548 $-55,253,627 $-13,693,297
Other Non Cash Items $160,373,684 $168,787,295 $193,149,533 $164,414,359
Stock Based Compensation $4,360,867 $4,753,614 $4,058,234 $7,302,879
Unrealized Gain Loss On Investment Securities $-1,305,854 $-3,371,370 $-9,058,980 $2,184,894
Provisionand Write Offof Assets $15,005,771 $8,542,737 $-12,001,860 $-6,405,736
Asset Impairment Charge $5,438,258 $0 $0 $-507,463
Deferred Tax $-870,765 $0 $0 -
Deferred Income Tax $-870,765 $0 $0 -
Depreciation Amortization Depletion $64,006,785 $54,105,840 $44,782,190 $24,619,239
Depreciation And Amortization $64,006,785 $54,105,840 $44,782,190 $24,619,239
Pension And Employee Benefit Expense $18,775,277 $14,782,252 $14,132,968 $7,498,789
Net Foreign Currency Exchange Gain Loss $-8,658,079 $-13,613,900 $-10,900,008 $-68,384,403
Net Income From Continuing Operations $-115,022,394 $-42,396,866 $2,880,900 $-139,595,557
Long Term Debt Issuance - $105,420,914 $16,823,024 $45,357,708
Net Business Purchase And Sale - $0 $0 $-220,835
Purchase Of Business - $0 $0 $-220,835
Gain Loss On Investment Securities - - $484,940 $479,228
Fetched: 2026-10-19