Company Analysis

Turkcell Iletisim Hizmetleri A.S. (TKC)

NYSE: TKC · Telephone Communications (No Radiotelephone) · Istanbul, TR · filing with the SEC since 2001
Grade5.2
◀ Past 5.0● Present 5.3▶ Future 5.1
2 est.

The grade of Turkcell Iletisim Hizmetleri A.S.

Nine metrics read from its own filings, by tense
Headline grade
5.2/10
◀ Past5.025% of the headline
● Present5.335% of the headline
▶ Future5.140% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.0/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
4.5/10

Has it survived what it has been through?

1 warning event since 2017; the latest 2024-04-29.

weight 22% of this tense · 45th percentile among 21 sector filers · read for itself

From the record

Turkcell Iletisim Hizmetleri A.S.'s filings since 2017 show 1 warning event: a late-report notice (Form NT 10-K or NT 10-Q, the latest 2024-04-29) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
6.5/10

What has it actually done, year after year?

+30.5% a year over 9 filed years; profitable in 9 of 9.

weight 45% of this tense · 64th percentile among 19 sector filers · read for its customers

From the record

Turkcell Iletisim Hizmetleri A.S.'s 9 filed years say what it did: revenue went from TRY 13 billion in fiscal 2015 to TRY 107 billion in fiscal 2023, up 30.5% a year; it rose in 7 of 8 years; the deepest fall was 14% from fiscal 2021 to fiscal 2022; net income was positive in 9 of 9 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span30.5%top 29% of its family
  • the share of years revenue rosetop 34% of its family
  • the share of filed years with a profittop 18% of its family
  • the deepest fall from a revenue peak13.9%bottom 39% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
3.3/10

How has it treated the people who own it?

Share count steady. 0% of cash flow returned. Insiders: 0 sales, 0 purchases.

weight 33% of this tense · 33rd percentile among 18 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2023-12-31, Turkcell Iletisim Hizmetleri A.S.'s diluted share count held steady, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 0 purchases of their own stock on the open market in the year to 2026-09-30 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 37% of its family
  • cash returned against operating cash flowbottom 3% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

5.3/1035% of the headline grade · 1 of 3 filed, 2 estimated

Financial health

SI estimate
5.0/10

Is it financially healthy right now?

SI estimate 5.0/10, confidence 20 of 100 (family median).

weight 45% of this tense · 50th percentile among 21 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate
The newest annual statements on file are more than two years old, so the desk assumes the typical reading of its industry family, the median of 21 members with one.
What the record cannot read
The newest annual statements on file are more than two years old.
How it was reasoned
family median, 21 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Turkcell Iletisim Hizmetleri A.S.'s financial health is put at 5.0 of 10 with a confidence of 20 of 100, because the newest annual statements on file are more than two years old, so the desk assumes the typical reading of its industry family, the median of 21 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

Industry position

as filed
6.3/10

How strong is its position in its industry?

top 37% of 19 in its family; net margin 11.7%.

weight 33% of this tense · 63rd percentile among 19 sector filers · read for its customers

From the record

Turkcell Iletisim Hizmetleri A.S.'s standing among 19 graded names in its industry family: revenue of TRY 107 billion in fiscal 2023 is not ranked by size, since the family reports in another currency; a net margin of 11.7% ranks in the top 39%; revenue growth of 15.5% a year over the last 3 filed years ranks in the top 34% (its annual reports).

What it rests on

  • net margin11.7%top 39% of its family
  • three-year revenue growth15.5%top 34% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate
4.5/10

What are the people in charge doing?

SI estimate 4.5/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 13 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 13 members with one.
What the record cannot read
It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned
family median, 13 readings behind it.
Confidence
20 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Turkcell Iletisim Hizmetleri A.S.'s leadership is put at 4.5 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 13 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.1/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed
4.6/10

How much room does it have to grow?

bottom 46% of 19 in its family for room to expand.

weight 22% of this tense · 46th percentile among 19 sector filers · read for itself

From the record

Turkcell Iletisim Hizmetleri A.S.'s room to grow, from the newest filed statements (fiscal 2023): cash of TRY 50 billion against debt of TRY 84 billion leaves -13.8% of its assets as net cash, top 47% of its family; cash from operations less capital spending is 25.7% of revenue (top 18%); a gross margin of 21.2% (bottom 39%); research spending of 0.1% of revenue (bottom 10%) (its annual report).

What it rests on

  • cash less debt against assets-13.8%top 47% of its family
  • cash from operations less capital spending against revenue25.7%top 18% of its family
  • gross margin21.2%bottom 39% of its family
  • research spending against revenue0.1%bottom 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.0/10

What could actually drive growth from here?

bottom 50% of 19 in its family for growth drivers.

weight 45% of this tense · 50th percentile among 19 sector filers · read for its customers

From the record

Turkcell Iletisim Hizmetleri A.S.'s growth drivers, from the filed years to fiscal 2023: revenue grew 15.5% a year over the last three filed years against 30.5% over all 9, slowing (bottom 18% of its family); the newest year grew 14.6% (top 13%); research spending grew -8.9% a year (bottom 8%); capital spending grew 18.8% a year (top 15%) (its annual reports). Turkcell Iletisim Hizmetleri A.S. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-14.9 points a yearbottom 18% of its family
  • the newest year's revenue growth14.6%top 13% of its family
  • three-year growth of research spending-8.9%bottom 8% of its family
  • three-year growth of capital spending18.8%top 15% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
5.8/10

Did its newest year beat what its own record pointed to?

top 42% of 17 in its family for expectations against reality.

weight 33% of this tense · 58th percentile among 17 sector filers · read for its shareholders

From the record

Turkcell Iletisim Hizmetleri A.S.'s newest year against its own record: revenue of TRY 107 billion in fiscal 2023 came in 1.2% below the TRY 108 billion its prior three years' pace pointed to (top 50% of its family); net income of TRY 13 billion against a prior three-year average of TRY 6.2 billion (top 26%); a net margin of 11.7% against 6.8% before (top 50%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-1.2%top 50% of its family
  • net income against the prior three years' average+103%top 26% of its family
  • net margin against its prior average+4.9 pointstop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton TKC · research, not advice