The financial changes experienced by Burçelik Vana in 9 months and their effects on stock prices.

Analysis of Burçelik Vana's Financial Performance

Burçelik Vana has announced its financial results for the first nine months of 2023. The company's gross profit decreased by 96% compared to the previous year, while EBITDA and operating profit turned negative. The company's revenue fell sharply from 410.9 million TL to 53.9 million TL.

Despite this, Burçelik Vana's stock price has increased by 129.07% since the beginning of the year and by 135.87% over the last six months. The underlying reasons for this contradictory situation include investor expectations, media news, and the general supply-demand balance in the markets.

Critical Observations on the Results

In the nine-month period, Burçelik Vana reported a significant sales decline of 87% along with a net loss of 36.1 million TL. Despite this high level of loss, the increase in the stock price is based on speculative expectations.

From a technical analysis perspective, it is observed that there has been a correction of 27.13% in the last week. The company's price-to-book ratio is at a high level of 21.44, while the price-to-earnings and enterprise value-to-EBITDA ratios cannot be calculated. This situation indicates that the company's market value is shaped not by profitability but by the current market dynamics.

Challenges Faced by İşbir Sentetik Dokuma

On the other hand, the İşbir Sentetik Dokuma stock has been in a continuous downward trend for the last two years. After reaching its peak of 29.40 TL in February 2023, the stock has declined by 73%, with a lack of sustainable recovery signals being cited as a major factor undermining investor confidence.

According to the latest nine-month data, İşbir Sentetik reported a limited sales increase of 4% but a loss of 897.9 million TL. Although gross profit increased by 40% and operating profit by 35%, significant losses stem from high foreign exchange differences and financing costs. This situation negatively affects the company's financial health, reducing its potential to achieve net profit in the long term.

Investor Expectations

In summary, the current financial situations of Burçelik Vana and İşbir Sentetik Dokuma harbor uncertainties for investors. For Burçelik to recover, it needs to reduce its losses and increase investments, while İşbir Sentetik must effectively manage its debts and transition to net profitability.