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

Consumer Cyclical | Internet Retail | Istanbul, Turkey | NasdaqGS
2.71 USD -0.02 (-0.733%) ⇩ (Oct. 16, 2026, 4 p.m. EDT)

Short-term:★★⯪☆☆Long-term:★★⯪☆☆Dividends:☆☆☆☆☆
Hot Take ↕ | Oct. 10, 2026, 5:25 a.m. EDT

The investment case for D-Market remains fundamentally fractured despite a recent recovery in share price. While the company boasts impressive top-line growth of 36%, the bottom line remains deeply compromised with negative profit margins and a return on equity of -6.36%. The market has seemingly priced in a turnaround, evidenced by the forward P/E of 0.64, but the lack of analyst coverage and the absence of any meaningful options positioning suggest deep uncertainty rather than clarity. The stock is trading near its 52-week lows, having erased more than half its value over the last four years, even though the most recent annual return was positive. Without a confirmed path to profitability or a visible catalyst to drive institutional interest, the risk-reward profile remains skewed against the buyer. The silence in the options chain confirms that smart money is waiting on the sidelines.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoTheta ✓0.075050
MSTL0.076840
AutoETS0.079011
AutoARIMA0.079014

Forecast horizon: 45 days | Selected: AutoTheta

Forecast Reliability
Score 46%
H-stat 2.02
Ljung-Box p 0.000
Jarque-Bera p 0.237
Excess Kurtosis -0.64
Attribute Value
Sector Consumer Cyclical
Market Cap 1,161,651,584
Forward P/E 0.63
Beta 2.08
Profit Margins -8.00%
Previous Name D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi
Website https://www.hepsiburada.com

As of Oct. 10, 2026, 5:25 a.m. EDT: Options activity shows a distinct lack of speculative positioning. Call volume and open interest are negligible across all expirations, with no significant strikes identified. Put activity is similarly sparse, consisting almost entirely of minimal ATM anchors with zero intrinsic value. The implied volatility surface is flat and low, indicating that market participants are largely indifferent to near-term price direction and are not hedging against downside moves. This silence suggests a lack of conviction from both bulls and bears.


Info Dump

Attribute Value
52 Week Change 0.01498127
Address1 Kustepe Mahallesi MecidiyekOey Yolu
Address2 No: 12 Floor: 2 Trump Towers Tower 2 Sisli
All Time High 15.23
All Time Low 0.592
Ask 3.48
Ask Size 2
Average Analyst Rating 2.0 - Buy
Average Daily Volume10 Day 200,380
Average Daily Volume3 Month 309,053
Average Volume 309,053
Average Volume10Days 200,380
Beta 2.084
Bid 1.96
Bid Size 2
Book Value 2.668
City Istanbul
Country Turkey
Crypto Tradeable 0
Currency USD
Current Price 2.71
Current Ratio 0.767
Custom Price Alert Confidence HIGH
Date Short Interest 1,790,726,400
Day High 2.73
Day Low 2.69
Display Name D-Mkt Elektronik Hizmetler ve
Dividend Yield 0.0
Earnings Call Timestamp End 1,746,018,000
Earnings Call Timestamp Start 1,746,018,000
Earnings Timestamp 1,786,046,400
Earnings Timestamp End 1,794,427,200
Earnings Timestamp Start 1,794,427,200
Ebitda -1,851,150,976
Ebitda Margins -0.020580001
Eps Current Year -22.877
Eps Forward 4.31
Eps Trailing Twelve Months -0.48
Esg Populated 0
Exchange NMS
Exchange Data Delayed By 15
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 2.6353
Fifty Day Average Change 0.07470012
Fifty Day Average Change Percent 0.028345965
Fifty Two Week Change Percent 1.498127
Fifty Two Week High 3.33
Fifty Two Week High Change -0.6199999
Fifty Two Week High Change Percent -0.18618615
Fifty Two Week Low 2.15
Fifty Two Week Low Change 0.55999994
Fifty Two Week Low Change Percent 0.2604651
Fifty Two Week Range 2.15 - 3.33
Financial Currency TRY
First Trade Date Milliseconds 1,625,146,200,000
Float Shares 24,038,600
Forward Eps 4.31
Forward P E 0.6287703
Free Cashflow 1,223,393,920
Full Exchange Name NasdaqGS
Full Time Employees 3,611
Fullday Change -0.01999998
Fullday Change Percent -0.7339443
Fullday Price 2.71
Gmt Off Set Milliseconds -14,400,000
Gross Margins 0.25322
Has Pre Post Market Data 1
Held Percent Insiders 0.92516
Held Percent Institutions 0.06646
Implied Shares Outstanding 428,653,700
Industry Internet Retail
Industry Disp Internet Retail
Industry Key internet-retail
Ipo Expected Date 2,021-07-01
Is Earnings Date Estimate 1
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 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 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; and Hepsipay and Hepsifinans, which offers e-wallet, e-money, payment facilitation services, and consumer lending. 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 1,161,651,584
Market State CLOSED
Max Age 86,400
Message Board Id finmb_285799345
Most Recent Quarter 1,782,777,600
Name Change Date 2,026-10-17
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 901,993,630
Number Of Analyst Opinions 2
Open 2.73
Operating Margins 0.0
Payout Ratio 0.0
Phone 90 212 304 20 00
Prev Name D-MARKET Elektronik Hizmetler ve Ticaret Anonim Sirketi
Previous Close 2.73
Price Eps Current Year -0.11845958
Price Hint 4
Price To Book 1.0157422
Profit Margins -0.080010004
Quick Ratio 0.449
Quote Source Name Delayed Quote
Quote Type EQUITY
Recommendation Key buy
Recommendation Mean 2.0
Region US
Regular Market Change -0.02
Regular Market Change Percent -0.7326
Regular Market Day High 2.73
Regular Market Day Low 2.69
Regular Market Day Range 2.69 - 2.73
Regular Market Open 2.73
Regular Market Previous Close 2.73
Regular Market Price 2.71
Regular Market Time 1,792,180,801
Regular Market Volume 132,013
Return On Assets -0.04566
Return On Equity -6.3649297
Revenue Growth 0.362
Sand P52 Week Change 0.13723719
Sector Consumer Cyclical
Sector Disp Consumer Cyclical
Sector Key consumer-cyclical
Shares Outstanding 388,653,700
Shares Percent Shares Out 0.0016
Shares Short 673,252
Shares Short Previous Month Date 1,788,134,400
Shares Short Prior Month 899,305
Short Name D-Market Electronic Services &
Short Percent Of Float 0.0081
Short Ratio 1.14
Source Interval 15
Symbol HEPS
Target High Price 3.6931593
Target Low Price 2.9163122
Target Mean Price 3.304736
Target Median Price 3.304736
Tradeable 0
Trailing Annual Dividend Rate 0.0
Trailing Annual Dividend Yield 0.0
Trailing Eps -0.48
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 2.738975
Two Hundred Day Average Change -0.02897501
Two Hundred Day Average Change Percent -0.010578779
Type Disp Equity
Volume 132,013
Website https://www.hepsiburada.com
Zip 34,387