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D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS)

Consumer Cyclical | Internet Retail | Istanbul, Turkey | NasdaqGS
2.80 USD
After hours: 2.80

Short-term: ★★★☆☆ | Long-term: ★★☆☆☆ | Dividends: ★★☆☆☆
Hot Take | April 19, 2026, 1:08 a.m. EDT

Despite glimmering growth stats (37% revenue up) and a 'Buy' recommendation, HEPS is a long-term hold-at-2-decision due to catastrophically poor fundamentals: negative earnings (-$0.40 EPS), massive debt (D/E >120x), and negative free cash flow. The stock lacks a dividend and shows erratic price action. Short-term, options pricing suggests increased fear of a near-term drop (high Put IV skew), but fundamentals do not support buying this at $2.80 unless you believe the earnings turnaround will be immediate and massive.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoETS ✓0.066762
AutoARIMA0.066764
MSTL0.067959
AutoTheta0.087237

Forecast horizon: 45 days | Selected: AutoETS

Forecast Reliability
Score 80%
H-stat 0.95
Ljung-Box p 0.000
Jarque-Bera p 0.185
Excess Kurtosis -0.82
Attribute Value
Sector Consumer Cyclical
Debt to Equity Ratio 120.592
Market Cap 1,013,153,600
Forward P/E 0.65
Beta 2.25
Profit Margins -6.73%
Previous Name D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi
Website https://www.hepsiburada.com

As of April 19, 2026, 1:08 a.m. EDT: Options data indicates muted sentiment with no significant directional bias. Call volume and Open Interest (OI) are low and concentrated entirely at the current ATM strike ($2.50), suggesting neutral positioning rather than a speculative play. However, the ATM Put IV for the immediate April 17 expiration is significantly elevated (219%) compared to May/November calls (~63-66%), indicating a tail-risk spike for near-term downswings. The very low implied volatility of the deep ITM calls and the stark contrast in Put IV suggest speculators are pricing in a potential short-term volatility event or a dip before the May earnings, while maintaining a neutral stance on the longer-term trend.


Info Dump

Attribute Value
52 Week Change 0.0071942806
Address1 Kustepe Mahallesi Mecidiyeköy Yolu
Address2 Cad. No: 12 Tower: 2 Floor:2 Sisli
All Time High 15.23
All Time Low 0.592
Ask 2.85
Ask Size 1
Average Analyst Rating 2.3 - Buy
Average Daily Volume10 Day 274,640
Average Daily Volume3 Month 279,737
Average Volume 279,737
Average Volume10Days 274,640
Beta 2.246
Bid 2.75
Bid Size 1
Book Value 2.668
City Istanbul
Country Turkey
Crypto Tradeable 0
Currency USD
Current Price 2.8
Current Ratio 0.888
Custom Price Alert Confidence HIGH
Date Short Interest 1,774,915,200
Day High 2.865
Day Low 2.79
Debt To Equity 120.592
Display Name D-Market Elektronik Hizmetler ve Ticaret A.S
Earnings Call Timestamp End 1,746,018,000
Earnings Call Timestamp Start 1,746,018,000
Earnings Timestamp 1,778,184,000
Earnings Timestamp End 1,778,184,000
Earnings Timestamp Start 1,778,184,000
Ebitda 1,141,387,008
Ebitda Margins 0.01348
Eps Current Year -12.74137
Eps Forward 4.31
Eps Trailing Twelve Months -0.4
Esg Populated 0
Exchange NMS
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 2.7207
Fifty Day Average Change 0.07929993
Fifty Day Average Change Percent 0.029146884
Fifty Two Week Change Percent 0.71942806
Fifty Two Week High 3.33
Fifty Two Week High Change -0.53
Fifty Two Week High Change Percent -0.15915915
Fifty Two Week Low 2.15
Fifty Two Week Low Change 0.64999986
Fifty Two Week Low Change Percent 0.3023255
Fifty Two Week Range 2.15 - 3.33
Financial Currency TRY
First Trade Date Milliseconds 1,625,146,200,000
Float Shares 44,187,982
Forward Eps 4.31
Forward P E 0.64965194
Free Cashflow -169,108,496
Full Exchange Name NasdaqGS
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.25445
Has Pre Post Market Data 1
Held Percent Insiders 0.81549
Held Percent Institutions 0.12618
Implied Shares Outstanding 361,840,585
Industry Internet Retail
Industry Disp Internet Retail
Industry Key internet-retail
Ipo Expected Date 2,021-07-01
Is Earnings Date Estimate 0
Language en-US
Last Fiscal Year End 1,767,139,200
Long Business Summary D-Market Elektronik Hizmetler ve Ticaret A.S. operates e-commerce platforms in Turkey. The company operates www.hepsiburada.com, a retail website that provides electronics and non-electronics products, such as books, sports, toys, kids and baby products, cosmetics, furniture, etc. It also operates Hepsiburada Market, an app-in-app initiative and on-demand delivery service; HepsiJet that provides last-mile delivery services; HepsiLojistik, which offers fulfillment services; HepsiMat, an offline network of pick-up and drop-off point; HepsiAd that provides advertising service; Hepsipay and Hepsifinans, which offers e-wallet, e-money, payment facilitation services, and consumer lending; and Hepsiburada Seyahat for buying airline tickets online. The company was incorporated in 2000 and is headquartered in Istanbul, Turkey. D-Market Elektronik Hizmetler ve Ticaret A.S. is a subsidiary of Joint Stock Company Kaspi.kz.
Long Name D-Market Elektronik Hizmetler ve Ticaret A.S.
Market us_market
Market Cap 1,013,153,600
Market State CLOSED
Max Age 86,400
Message Board Id finmb_285799345
Most Recent Quarter 1,767,139,200
Name Change Date 2,026-04-19
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 1,013,153,635
Number Of Analyst Opinions 3
Open 2.85
Operating Margins 0.0
Payout Ratio 0.0
Phone 90 212 304 20 00
Post Market Change 0.0
Post Market Change Percent 0.0
Post Market Price 2.8
Post Market Time 1,776,456,604
Prev Name D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi
Previous Close 2.8
Price Eps Current Year -0.21975659
Price Hint 4
Price To Book 1.0494752
Profit Margins -0.06732
Quick Ratio 0.586
Quote Source Name Nasdaq Real Time Price
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 2.33333
Region US
Regular Market Change 0.0
Regular Market Change Percent 0.0
Regular Market Day High 2.865
Regular Market Day Low 2.79
Regular Market Day Range 2.79 - 2.865
Regular Market Open 2.85
Regular Market Previous Close 2.8
Regular Market Price 2.8
Regular Market Time 1,776,456,001
Regular Market Volume 463,511
Return On Assets -0.04022
Return On Equity -2.13729
Revenue Growth 0.369
Sand P52 Week Change 0.38150132
Sector Consumer Cyclical
Sector Disp Consumer Cyclical
Sector Key consumer-cyclical
Shares Outstanding 321,840,584
Shares Percent Shares Out 0.0029
Shares Short 1,051,028
Shares Short Previous Month Date 1,772,150,400
Shares Short Prior Month 1,408,355
Short Name D-Market Electronic Services &
Short Percent Of Float 0.0052
Short Ratio 4.26
Source Interval 15
Symbol HEPS
Target High Price 3.791324
Target Low Price 2.9959507
Target Mean Price 3.2719321
Target Median Price 3.0285218
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps -0.4
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 2.66555
Two Hundred Day Average Change 0.13444996
Two Hundred Day Average Change Percent 0.050439857
Type Disp Equity
Volume 463,511
Website https://www.hepsiburada.com
Zip 34,387