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Arcelik
(OTC:ACKAY)
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Rating:41Neutral
Price Target:
$7.00
▼(-25.13% Downside)
Action:Reiterated
Date:10/24/26
ACKAY scores low primarily due to weak financial quality—net losses, persistently negative free cash flow, and elevated leverage—combined with bearish technical momentum (below key moving averages with negative MACD). Valuation provides limited support because the company is currently unprofitable (negative P/E) and no dividend yield is available.
Positive Factors
Global Market Presence
International operations, a portfolio of brands, and presence across Europe, Türkiye, and other markets give Arçelik a diversified customer base. This breadth can support resilience and provide multiple avenues for product distribution and longer-term growth.
Negative Factors
High Leverage
The sharp increase in debt relative to equity raises financial risk and reduces balance-sheet flexibility. Elevated leverage can constrain investment and capital allocation, while negative returns on equity indicate that the larger financing base is not currently producing adequate shareholder returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Global Market Presence
International operations, a portfolio of brands, and presence across Europe, Türkiye, and other markets give Arçelik a diversified customer base. This breadth can support resilience and provide multiple avenues for product distribution and longer-term growth.
Read all positive factors
Arcelik (ACKAY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$970.00M
Dividend Yield3.27%
Average Volume (3M)0.00
Price to Earnings (P/E)―
Beta (1Y)0.27
Revenue Growth-3.10%
EPS Growth-5.97%
CountryUS
Employees53,401
SectorConsumer Cyclical
Sector Strength84
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)-21.45
Shares Outstanding135,145,650
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG Ratio0.01
Price to Book (P/B)0.98
Price to Sales (P/S)0.12
P/FCF Ratio-4.23
Enterprise Value/Market Cap5.81
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit0.03
Enterprise Value/Ebitda0.12
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.44
Revenue Forecast (FY)$13.34B
Arcelik Business Overview & Revenue Model
Company Description
Arçelik Anonim Sirketi, together with its affiliated companies, is engaged in the manufacturing, promotion, distribution, sales, after-sales support, import, and export of consumer durable goods and electronic devices, serving both the Turkish mar...
Arcelik Earnings Call Summary
Earnings Call Date:Oct 25, 2024
(Q3-2024)
| % Change Since: |
Next Earnings Date:Jan 27, 2027
Earnings Call Sentiment Negative
The earnings call highlighted substantial international revenue growth and recovery signs in key European markets, driven by inorganic growth and cost management strategies. However, these positives were overshadowed by significant challenges, including declining gross margins, increased financial expenses, a recorded net loss, and rising leverage. Despite some market recoveries, the financial pressures and operational costs presented a challenging quarter.Positive Updates
Revenue Growth
Achieved 13.8% revenue growth year-on-year, totaling TRY 105.4 billion in Q3, with significant contributions from inorganic growth in Europe and MENA.
Negative Updates
Gross Margin Decline
Gross profit margin decreased by 2.9 points year-on-year to 26.4%, impacted by unfavorable product mix and rising raw material costs.
Read all updates
Q3-2024 Updates
Positive
Negative
Revenue Growth
Achieved 13.8% revenue growth year-on-year, totaling TRY 105.4 billion in Q3, with significant contributions from inorganic growth in Europe and MENA.
Read all positive updates
Company Guidance
During the Q3 2024 earnings call for Arcelik, the company provided guidance indicating revised expectations for the full year. They anticipate a flat performance in local sales due to stagnant demand but foresee a 50% year-on-year increase in international revenues in euro terms, driven by inorganic growth. The adjusted EBITDA margin is projected to be between 5.8% and 6% for the full year. Additionally, Arcelik expects an improvement in the net working capital over sales ratio, updating the guidance to approximately 20%. The company also revised its CapEx guidance from EUR 350 million to EUR 400 million, factoring in costs related to maintenance, integration, and restructuring. With ongoing synergies and cost savings from recent acquisitions, Arcelik remains optimistic about achieving these targets, despite current leverage standing at 4.3%.Arcelik Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
38
Negative
Cash Flow
33
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 612.26B | 568.57B | 428.55B | 257.10B | 133.92B | 68.18B |
| Gross Profit | 164.10B | 148.78B | 118.10B | 75.38B | 39.49B | 20.48B |
| EBITDA | 45.82B | 53.92B | 36.25B | 28.20B | 11.65B | 7.55B |
| Net Income | -2.43B | -9.07B | 1.69B | 7.67B | 4.32B | 3.06B |
Balance Sheet | ||||||
| Total Assets | 595.24B | 543.25B | 397.73B | 258.14B | 132.24B | 85.08B |
| Cash, Cash Equivalents and Short-Term Investments | 64.52B | 97.78B | 50.82B | 48.79B | 24.53B | 16.01B |
| Total Debt | 257.94B | 235.90B | 138.04B | 101.91B | 51.44B | 32.58B |
| Total Liabilities | 513.70B | 467.39B | 322.66B | 198.57B | 105.14B | 64.02B |
| Stockholders Equity | 77.74B | 70.35B | 67.17B | 53.17B | 24.95B | 19.38B |
Cash Flow | ||||||
| Free Cash Flow | -7.89B | -16.23B | -9.41B | -22.43B | -811.47M | -3.14B |
| Operating Cash Flow | 10.72B | 3.60B | 14.39B | -8.64B | 5.10B | -627.45M |
| Investing Cash Flow | -31.78B | -29.05B | -14.72B | -14.41B | -4.62B | -4.38B |
| Financing Cash Flow | 12.96B | 53.96B | 1.06B | 31.54B | 4.07B | 4.80B |
Arcelik Technical Analysis
Negative
9.35
Price Trends
8.85
Negative
9.75
Negative
11.30
Negative
Market Momentum
-0.47
Positive
25.78
Positive
7.18
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For ACKAY, the sentiment is Negative. The current price of 9.35 is above the 20-day moving average (MA) of 7.96, above the 50-day MA of 8.85, and below the 200-day MA of 11.30, indicating a bearish trend. The MACD of -0.47 indicates Positive momentum. The RSI at 25.78 is Positive, neither overbought nor oversold. The STOCH value of 7.18 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for ACKAY.
Arcelik Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $27.66B | 39.83 | 26.01% | 2.30% | 17.49% | 33.42% | |
74 Outperform | $446.15M | 7.79 | 30.70% | 1.48% | -3.33% | 80.91% | |
69 Neutral | $91.01M | -34.52 | -1.51% | 13.67% | -36.90% | -103.68% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
48 Neutral | $161.74M | -0.31 | -112.36% | ― | -60.10% | -15.00% | |
43 Neutral | $1.83B | 9.53 | 5.83% | 15.83% | -3.92% | ― | |
41 Neutral | $970.00M | -17.49 | -3.25% | 3.27% | -3.10% | -5.97% |
* Consumer Cyclical Sector Average
ACKAY
Arcelik
7.17
-5.90
-45.13%
WHR
Whirlpool
28.11
-43.78
-60.90%
HBB
Hamilton Beach Brands Holding Company
33.19
18.98
133.50%
VIOT
Viomi Technology Co
1.38
-1.58
-53.33%
ATER
Aterian
0.62
-0.37
-37.17%
SN
SharkNinja, Inc.
196.38
99.63
102.98%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.