Menderes Tekstil Stock Price is Decreasing, What Are the Reasons?

Menderes Textile Shares Tested Their Highest Level

Menderes Textile reached its highest level of 19.60 TL on September 9, following which an increase of over %100 was observed in the share price, but it has recently drawn attention due to profit taking. However, there are some important factors regarding the sustainability of this rise and the market reaction.

Two Reasons Behind Profit Taking

According to analysts, there are two main reasons behind the decline in the share price. First, during the nine-month period, Menderes Textile experienced a %12 decrease in sales, raising questions about the sustainability of profitability in the markets. The second reason is the continued seasonal supply pressure. According to transfer data, the increase by 177 thousand lots in the amount of shares held by funds in their portfolios over the last month is an indication of this situation.

General Overview of Financial Performance

Despite reporting a gross loss of 493.7 million TL in the same period last year, Menderes Textile managed to turn its gross profit into a net profit of 161.2 million TL this year, showing a positive trend. Key factors behind this profit include cost control and an increase in financial income.

Ingram Bilişim: Experiencing Decline Despite Sales Increase

Another noteworthy situation is the price movements of Ingram Bilişim shares. When analyzing the company's nine-month performance, it is observed that despite a %34 increase in sales, operating profit decreased by %30, and EBITDA decreased by %15. In this context, net profit has turned from 125 million TL in the same period last year to a loss of 84.2 million TL this year, highlighting a remarkable breaking point.

Profitability Issues and Future Expectations

As a result, while turnover increases, the decrease in operational profitability poses a problem for investors. If Ingram Bilişim can recover its operational profitability, it is possible for the share price to achieve a permanent improvement. However, for now, it seems that the expectations for a recovery on the price side will remain limited without sustainable profit generation.