"Important Target Report for Çimsa from Global Menkul Değerler!"

Forecasts for Çimsa's Development

Since its establishment in 1990, Global Menkul Değerler (#GLBMD) has played a critical role in the development of Turkey's financial markets, this time evaluating Çimsa (#CIMSA) with a comprehensive research report. The 12-month target price set for Çimsa is 72.80 TL, indicating a potential return of 71% based on the current price of 42.60 TL per share.

Strong Performance Drivers of Çimsa

The report highlights Çimsa’s strong balance sheet, its portfolio of high value-added products, its currency-based income structure, and geographic diversity, positioning the company as one with high long-term value creation potential. Çimsa's expertise in high-margin products such as white cement and calcium aluminate cement (CAC) supports its growth outlook, along with its increasing international presence.

Financial Expectations and Growth Projections

Global Menkul Değerler also shared its financial expectations for Çimsa for the years 2025 and 2026. According to the expectations, sales revenues are expected to reach 45.47 billion TL in 2025 and 58.26 billion TL in 2026. Additionally, the EBITDA value is projected to be 8.17 billion TL for 2025 and 11.21 billion TL for 2026. Net profit is also anticipated to rise to 3.43 billion TL in 2025 and 5.56 billion TL in 2026.

Financial Indicators and Valuation

Çimsa’s Net Debt/EBITDA ratio is expected to be 2.38x at the end of 2024, 2.64x at the end of 2025, and 2.48x in 2026. According to 2026 estimates, Çimsa’s EV/EBITDA and P/E multiples are projected to trade at discounts of 33% and 46%, respectively, compared to global peers, standing at 5.5x and 7.2x.

Evaluation of Risks and Catalysts

The report outlines the current risk factors for Çimsa as follows: potential increases in petcoke costs, weaker-than-expected demand, and high competition conditions in the industry. However, among the key factors highlighted in the report are the expected increase in domestic and international cement demand, lower petcoke prices, and product price increases driven by rising consumption, which are evaluated as significant catalysts for Çimsa shares.