Stock AnalizD-MARKET Electronic Services & Trading HEPS
Catalog/Specialty Distribution · IPO 2021 · data as of November 13, 2026
D-MARKET Electronic Services & Trading (HEPS) is a consumer discretionary company listed in the US with a market value of about $1.2B. In the twelve months to September 30, 2026 it had revenue of $1.8B and net income of -$161M, a net margin of -9.2%.
Its overall Stock Analiz score is 1.4 out of 5 (weak). The strongest part is financial health (3/5); the weakest is future growth (0/5).
Key numbers: a price to free cash flow of 17.5, 5-year revenue growth of 30% a year, a 5-year average ROIC of -54%. A discounted cash flow model with moderate assumptions puts its intrinsic value about 118% above the current price.
Score: 1.4 / 5
Checks passed
- P/FCF below 20
- Price below intrinsic value (DCF, moderate assumptions)
- 5-year revenue growth above 8% a year
- More cash than debt, or low debt to equity
- Positive free cash flow
- Debt below 3 years of free cash flow
- Share count down over 3 years (buybacks)
Checks not passed
- P/E below 25
- P/E below the industry median
- PEG below 1.5
- Revenue growth above 10% last year
- 3-year revenue growth above 10% a year
- Profit margin improving
- 3-year free cash flow growth above 10% a year
- Strong R&D investment or growth above 20%
Valuation
Growth and quality
Financials, last 7 years
| Fiscal year | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.8B | $1.7B | $1.6B | $1.7B | $2.0B | $1.8B | $2.0B | $438M |
| Net income | -$161M | -$113M | -$45M | $4M | -$370M | -$248M | -$126M | -$22M |
| Free cash flow | $68M | $176M | $104M | $189M | -$53M | -$51M | $115M | $52M |
| EPS (diluted) | $-0.38 | $-0.30 | $-0.11 | $0.01 | $-0.86 | $-0.58 | $-0.29 | $-0.05 |
| Net margin | -9.2% | -6.7% | -2.8% | 0.2% | -18.1% | -13.4% | -6.2% | -5.1% |
| ROIC | — | — | 0.3% | -20.8% | -150.7% | -45.5% | — | — |
From the company’s 10-K and 10-Q filings with the SEC. TTM = trailing twelve months.
Frequently asked questions
Is D-MARKET Electronic Services & Trading stock undervalued?
Our DCF model with moderate assumptions puts its intrinsic value about 118% above the current market value. A model is a range, not a promise; try your own assumptions in the DCF calculator.
Does D-MARKET Electronic Services & Trading pay a dividend?
Not currently.
Is D-MARKET Electronic Services & Trading a good stock to buy?
We do not give buy or sell advice. D-MARKET Electronic Services & Trading scores 1.4 out of 5 on our five checks (value, growth, track record, financial health and shareholder returns); the checks above show why.
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Generated from SEC filings, analyst consensus estimates and market prices, rebuilt every day. Educational information, not investment advice.