HEPS
D-MARKET Elektronik Hizmetler ve Ticaret ASANasdaq / Consumer Discretionary Distribution & Retail
Last Price
At close
2026-06-02
Current thesis
The Q1 2026 print was better than the prior quarter on operating momentum: orders, GMV, and revenue all grew above 20% year over year, and EBITDA recovered meaningfully from Q1 2025 and from the very weak Q4 2025 margin base [#PR-2026-05-07]. If that marks the start of cleaner operating leverage under Kaspi ownership, the stock has room to rerate from a depressed ADR level.
Posture
Constructive
Lead driver
Momentum
What changed
Momentum remains the lead driver in the composite.
What can break
IAS 29 hyperinflation accounting complicates trend interpretation and can reduce external investor confidence in reported comparisons.
Momentum
92
Value
57
Sentiment
52
Setup hits (3d)
0 · Net Neutral
AI TargetsBase $2.95 · Bull $3.30 · Bear $2.25
Data freshness
Prices
As of 2026-06-02
Fundamentals
As of 2026-06-01 • Vendor: Data Vendor v1
Scores
As of 2026-06-02 • Model: HYBRID_IC_RP
AI Memo
As of 2026-05-09 • Model: RankAlpha Sentiment Codex
Investment thesisAs of 2026-06-02
Investment thesis
As of 2026-06-02
Supporting evidence
What
Grade A · Constructive
Confidence Medium · Net Neutral
Target $3.01
Why
Momentum92 · Δ7d -
Value57 · Δ7d +0.1
Sentiment52 · Δ7d -
So what
Strength-led posture (Net Neutral). Favor watchlist adds and disciplined entries.
Lead driver: Momentum · See technicals
Momentum
92
34% active weight
Current posture
7d trendTrend unavailable
Trend unavailable
Δ7d
-
Δ21d
-
Value
57
32% active weight
Current posture
7d trendFlat
Δ7d
+0.1
Δ21d
-1.1
Sentiment
52
33% active weight
Current posture
7d trendTrend unavailable
Trend unavailable
Δ7d
-
Δ21d
-
Why this grade
Composite grade A. Momentum 91.8 / Value 56.7 / Sentiment 51.9
Fundamentals (TTM)As of 2026-06-01
Fundamentals (TTM)
As of 2026-06-01
Market Cap
$993.09M
Beta
2.30
Shares Out
326M
P/E (TTM) · Derived
-6.7
P/S (TTM)
0.52
P/FCF (TTM)
5.43
Rev YoY
+22.1%
EPS YoY
-215.4%
Gross Margin
+37.3%
Op Margin
-1.4%
Net Debt
-$124.37M
Current Ratio
0.85
As of 2026-06-02 • Updated nightlySource: Internal modelMethodology