{"id":1934,"date":"2026-03-18T01:43:09","date_gmt":"2026-03-17T22:43:09","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=1934"},"modified":"2026-03-18T01:43:58","modified_gmt":"2026-03-17T22:43:58","slug":"asels-analist-tavsiyeleri-analizi-202512-aselsan-elektronik-as","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/1934","title":{"rendered":"\ud83d\udd34 ASELS Analist Tavsiyeleri Analizi 2025\/12 | Aselsan Elektronik AS"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"ASELSAN Fiyatlamas\u0131 F\u0131rsat m\u0131 Tuzak m\u0131? Analist Tavsiyelerinin de\u011ferlendirmesi - 17.03.2026\" width=\"858\" height=\"644\" src=\"https:\/\/www.youtube.com\/embed\/g8CcRaY8lrE?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" referrerpolicy=\"strict-origin-when-cross-origin\" allowfullscreen><\/iframe><\/p>\n<h1>ASELSAN Elektronik Sanayi ve Ticaret A.\u015e. (ASELS) Kapsaml\u0131 Bilgilendirme Notu<\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu belge, ASELSAN Elektronik Sanayi ve Ticaret A.\u015e. (ASELS) \u015firketinin 17 Mart 2026 tarihi itibar\u0131yla finansal durumu, piyasa performans\u0131, analist beklentileri ve operasyonel verilerine ili\u015fkin derinlemesine bir analiz sunmaktad\u0131r.<\/p>\n<p>\u015eirket, 2025 y\u0131l sonu verilerine g\u00f6re net d\u00f6nem kar\u0131n\u0131 bir \u00f6nceki y\u0131la oranla %50,15 art\u0131rarak 29,9 milyar TL seviyesine \u00e7\u0131karm\u0131\u015ft\u0131r. Borsa \u0130stanbul\u2019un en de\u011ferli \u015firketlerinden biri olan ASELSAN, 1,55 trilyon TL&#8217;lik (yakla\u015f\u0131k 35,27 milyar USD) piyasa de\u011ferine ula\u015fm\u0131\u015ft\u0131r. \u0130hracat birim de\u011ferini kilogram ba\u015f\u0131na 2.200 dolara y\u00fckselten \u015firket, k\u00fcresel savunma sanayi taleplerini kar\u015f\u0131lamak ad\u0131na g\u00fcvene dayal\u0131 ortakl\u0131klar ve \u00fcretim kapasitesi art\u0131r\u0131m\u0131na odaklanmaktad\u0131r. Teknik g\u00f6stergeler k\u0131sa vadede &#8220;Al&#8221; sinyali vermeye devam etse de, osilat\u00f6rlerin a\u015f\u0131r\u0131 al\u0131m b\u00f6lgesinde olmas\u0131 hissenin h\u0131zl\u0131 y\u00fckseldi\u011fi y\u00f6n\u00fcnde de\u011ferlendirilmektedir.<\/p>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>1. Finansal Performans ve Bilan\u00e7o Analizi<\/h2>\n<p>\u015eirketin 2024\/12 ve 2025\/12 d\u00f6nemlerini kapsayan mali tablolar\u0131, varl\u0131k b\u00fcy\u00fcmesi ve karl\u0131l\u0131kta belirgin bir ivmelenme g\u00f6stermektedir.<\/p>\n<h3>1.1. Bilan\u00e7o \u00d6zeti (2025\/12 Sonu)<\/h3>\n<ul>\n<li><b>Toplam Varl\u0131klar:<\/b> 431,58 milyar TL (%35,8 art\u0131\u015f).<\/li>\n<li><b>Duran Varl\u0131klar:<\/b> 256,60 milyar TL (%43,43 art\u0131\u015f).<\/li>\n<li><b>Toplam \u00d6zkaynaklar:<\/b> 251,78 milyar TL (%36,08 art\u0131\u015f).<\/li>\n<li><b>D\u00f6nen Varl\u0131klar:<\/b> 174,98 milyar TL (%25,98 art\u0131\u015f).<\/li>\n<li><b>Toplam Y\u00fck\u00fcml\u00fcl\u00fckler:<\/b> 179,80 milyar TL (%35,42 art\u0131\u015f).<\/li>\n<\/ul>\n<h3>1.2. Gelir Tablosu ve Karl\u0131l\u0131k G\u00f6stergeleri<\/h3>\n<p>\u015eirketin has\u0131lat\u0131 ve kar marjlar\u0131 s\u00fcrd\u00fcr\u00fclebilir bir b\u00fcy\u00fcme sergilemektedir:<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem<\/td>\n<td>2025\/12 De\u011feri (TL)<\/td>\n<td>Y\u0131ll\u0131k De\u011fi\u015fim (%)<\/td>\n<\/tr>\n<tr>\n<td><b>Br\u00fct Sat\u0131\u015flar<\/b><\/td>\n<td>183.526.958.000<\/td>\n<td>+15,47<\/td>\n<\/tr>\n<tr>\n<td><b>Has\u0131lat (Net Sat\u0131\u015flar)<\/b><\/td>\n<td>180.444.938.000<\/td>\n<td>+14,69<\/td>\n<\/tr>\n<tr>\n<td><b>Br\u00fct Kar<\/b><\/td>\n<td>57.427.030.000<\/td>\n<td>+14,98<\/td>\n<\/tr>\n<tr>\n<td><b>Net Esas Faaliyet Kar\u0131<\/b><\/td>\n<td>41.780.446.000<\/td>\n<td>+18,51<\/td>\n<\/tr>\n<tr>\n<td><b>D\u00f6nem Net Kar\u0131<\/b><\/td>\n<td>29.917.727.000<\/td>\n<td>+50,15<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>2. Operasyonel Faaliyetler ve Stratejik At\u0131l\u0131mlar<\/h2>\n<p>ASELSAN, savunma sanayindeki hakimiyetini teknolojik yat\u0131r\u0131mlar ve geni\u015f i\u015f a\u011flar\u0131yla peki\u015ftirmektedir.<\/p>\n<ul>\n<li><b>\u0130hracat Odakl\u0131 B\u00fcy\u00fcme:<\/b> \u015eirketin 2025 y\u0131l\u0131 ihracat oran\u0131 %15 olarak ger\u00e7ekle\u015fmi\u015ftir. \u00d6zellikle ihracat\u0131n kilogram ba\u015f\u0131na de\u011ferinin 2.200 dolara y\u00fckselmesi, y\u00fcksek katma de\u011ferli \u00fcretimin bir g\u00f6stergesidir.<\/li>\n<li><b>Ar-Ge Yat\u0131r\u0131mlar\u0131:<\/b> Ara\u015ft\u0131rma ve geli\u015ftirme giderleri %43,95 artarak 6,25 milyar TL&#8217;ye ula\u015fm\u0131\u015ft\u0131r.<\/li>\n<li><b>Geni\u015f Tedarik Zinciri:<\/b> \u015eirket, yakla\u015f\u0131k 3.200 farkl\u0131 alt \u015firkete 4 milyar dolarl\u0131k i\u015f hacmi sa\u011flamaktad\u0131r.<\/li>\n<li><b>Yeni \u0130\u015f \u0130li\u015fkileri:<\/b> 16 Mart 2026 tarihinde 166,4 milyon dolarl\u0131k yeni bir s\u00f6zle\u015fme imzaland\u0131\u011f\u0131 bildirilmi\u015ftir.<\/li>\n<li><b>K\u00fcresel \u0130\u015fbirli\u011fi Vizyonu:<\/b> \u00dcst y\u00f6netim, Br\u00fcksel&#8217;deki savunma fuar\u0131nda k\u00fcresel talebi kar\u015f\u0131lamak i\u00e7in \u00fclkeler aras\u0131 g\u00fcvene dayal\u0131 ortakl\u0131klar\u0131n ve \u00fcretim kapasitesinin art\u0131r\u0131lmas\u0131 gerekti\u011fini vurgulam\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>3. Piyasa Performans\u0131 ve Teknik Analiz<\/h2>\n<p>17 Mart 2026 itibar\u0131yla piyasa verileri \u015fu \u015fekildedir:<\/p>\n<ul>\n<li><b>Hisse Fiyat\u0131:<\/b> 341,25 TL (%6,47 g\u00fcnl\u00fck art\u0131\u015f).<\/li>\n<li><b>Y\u0131ll\u0131k Getiri:<\/b> %180,76.<\/li>\n<li><b>Piyasa \u00c7arpanlar\u0131:<\/b> F\/K oran\u0131 51,96; PD\/DD oran\u0131 6,21 olarak kaydedilmi\u015ftir.<\/li>\n<li><b>Teknik G\u00f6sterge Durumu:<\/b>\n<ul>\n<li><b>Hareketli Ortalamalar:<\/b> Hisse fiyat\u0131 3, 5, 10, 20, 50 ve 100 g\u00fcnl\u00fck hareketli ortalamalar\u0131n \u00fczerinde seyretmektedir.<\/li>\n<li><b>Osilat\u00f6rler:<\/b> RSI (59,78), Momentum (105,98) ve CCI (63,71) gibi g\u00f6stergeler &#8220;Al&#8221; konumundad\u0131r ancak osilat\u00f6rlerin a\u015f\u0131r\u0131 al\u0131m b\u00f6lgesinde olmas\u0131 hissenin &#8220;fazla y\u00fckseldi\u011fi&#8221; uyar\u0131s\u0131n\u0131 bar\u0131nd\u0131rmaktad\u0131r.<\/li>\n<li><b>Stokastik:<\/b> 91,38 de\u011feri ile g\u00fc\u00e7l\u00fc ancak doygun bir seyre i\u015faret etmektedir.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>4. Analist Tavsiyeleri ve Hedef Fiyatlar<\/h2>\n<p>Farkl\u0131 kurumlar taraf\u0131ndan verilen hedef fiyatlar geni\u015f bir aral\u0131kta (146,10 TL &#8211; 420,00 TL) da\u011f\u0131lmaktad\u0131r. <b>Ortalama hedef fiyat 328,71 TL<\/b> olup, cari fiyata g\u00f6re % -3,67 oran\u0131nda s\u0131n\u0131rl\u0131 bir negatif potansiyele i\u015faret etmektedir.<\/p>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kurum<\/td>\n<td>Tavsiye<\/td>\n<td>Hedef Fiyat (TL)<\/td>\n<td>G\u00fcncelleme Tarihi<\/td>\n<\/tr>\n<tr>\n<td><b>Tacirler<\/b><\/td>\n<td>Al<\/td>\n<td>420,00<\/td>\n<td>25 \u015eubat 2026<\/td>\n<\/tr>\n<tr>\n<td><b>Halk Yat\u0131r\u0131m<\/b><\/td>\n<td>Al<\/td>\n<td>414,50<\/td>\n<td>25 \u015eubat 2026<\/td>\n<\/tr>\n<tr>\n<td><b>\u0130\u015f Yat\u0131r\u0131m<\/b><\/td>\n<td>Al<\/td>\n<td>402,00<\/td>\n<td>25 \u015eubat 2026<\/td>\n<\/tr>\n<tr>\n<td><b>\u015eeker Yat\u0131r\u0131m<\/b><\/td>\n<td>Al<\/td>\n<td>395,00<\/td>\n<td>25 \u015eubat 2026<\/td>\n<\/tr>\n<tr>\n<td><b>Garanti BBVA<\/b><\/td>\n<td>Endeks \u00dcst\u00fc<\/td>\n<td>392,00<\/td>\n<td>25 \u015eubat 2026<\/td>\n<\/tr>\n<tr>\n<td><b>Ak Yat\u0131r\u0131m<\/b><\/td>\n<td>Endekse Paralel<\/td>\n<td>387,00<\/td>\n<td>17 Mart 2026<\/td>\n<\/tr>\n<tr>\n<td><b>HSBC<\/b><\/td>\n<td>Tut<\/td>\n<td>350,00<\/td>\n<td>27 \u015eubat 2026<\/td>\n<\/tr>\n<tr>\n<td><b>Deniz Yat\u0131r\u0131m<\/b><\/td>\n<td>Tut<\/td>\n<td>304,70<\/td>\n<td>25 \u015eubat 2026<\/td>\n<\/tr>\n<tr>\n<td><b>Oyak Yat\u0131r\u0131m<\/b><\/td>\n<td>Endekse Paralel<\/td>\n<td>212,00<\/td>\n<td>24 Aral\u0131k 2025<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8212;&#8211;<\/p>\n<h2>5. \u015eirket K\u00fcnyesi ve Ortakl\u0131k Yap\u0131s\u0131<\/h2>\n<ul>\n<li><b>Sekt\u00f6r:<\/b> \u0130leti\u015fim ve Savunma.<\/li>\n<li><b>Pazar:<\/b> Y\u0131ld\u0131z Pazar (Kat\u0131l\u0131m Endeksine Uygun).<\/li>\n<li><b>\u00d6denmi\u015f Sermaye:<\/b> 4,56 milyar TL.<\/li>\n<li><b>Halka A\u00e7\u0131kl\u0131k (Takas Saklama) Oran\u0131:<\/b> %26,00.<\/li>\n<li><b>Ana Ortak:<\/b> T\u00fcrk Silahl\u0131 Kuvvetlerini G\u00fc\u00e7lendirme Vakf\u0131 (Pay: %74,20).<\/li>\n<li><b>\u00d6nemli \u0130\u015ftirakler:<\/b>\n<ul>\n<li>ROKETSAN Roket Sanayii ve Ticaret A.\u015e. (%14,90 pay).<\/li>\n<li>Kazakhstan Aselsan Engineering LLP (%49,00 pay).<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h2>6. \u00d6ne \u00c7\u0131kan Riskler ve Dikkat Edilmesi Gerekenler<\/h2>\n<ul>\n<li><b>Finansman Giderleri:<\/b> Finansman giderlerinin net sat\u0131\u015flara oran\u0131 %5,80&#8217;den %7,41&#8217;e y\u00fckselmi\u015ftir.<\/li>\n<li><b>Cari Oran:<\/b> 2024 y\u0131l\u0131nda 1,52 olan cari oran, 2025 sonunda 1,39&#8217;a gerileyerek likidite taraf\u0131nda hafif bir daralmaya i\u015faret etmi\u015ftir.<\/li>\n<li><b>Piyasa Doygunlu\u011fu:<\/b> Teknik yorumlarda hissenin k\u0131sa-orta vadeli ortalamalar\u0131n \u00fczerinde olmas\u0131 olumlu kar\u015f\u0131lansa da, k\u0131sa vadeli a\u015f\u0131r\u0131 y\u00fckseli\u015f emareleri (osilat\u00f6rlerin durumu) yat\u0131r\u0131mc\u0131lar i\u00e7in bir risk fakt\u00f6r\u00fc olarak belirtilmektedir.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"1934\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>ASELSAN Analist Raporlar\u0131: Hedef Fiyatlarda Son Durum ve Teknik G\u00f6r\u00fcn\u00fcm<br \/>\nSavunma sanayiinin devi ASELSAN (ASELS), borsadaki g\u00fc\u00e7l\u00fc y\u00fckseli\u015fiyle dikkatleri \u00fczerine \u00e7ekmeye devam ediyor. 17 Mart 2026 verilerine g\u00f6re y\u0131ll\u0131k bazda %180\u2019in \u00fczerinde getiri sa\u011flayan hisse i\u00e7in analistlerin g\u00f6r\u00fc\u015fleri \u015fekillenmeye ba\u015flad\u0131.<br \/>\nHisse i\u00e7in payla\u015f\u0131lan 26 farkl\u0131 analist raporunda ortalama hedef fiyat 328,71 TL olarak belirlenirken, en iyimser tahmin 420 TL ile Tacirler Yat\u0131r\u0131m\u2019dan geldi. Teknik analizler k\u0131sa vadede &#8220;Al&#8221; sinyalleri verse de, baz\u0131 osilat\u00f6rlerin a\u015f\u0131r\u0131 al\u0131m b\u00f6lgesinde olmas\u0131 yat\u0131r\u0131mc\u0131lar i\u00e7in temkinli bir duru\u015f sergilenmesi gerekti\u011fini g\u00f6steriyor.<br \/>\nASELSAN\u2019\u0131n 2025 y\u0131l\u0131ndaki 180,4 milyar TL\u2019lik has\u0131lat ba\u015far\u0131s\u0131 ve dev i\u015f anla\u015fmalar\u0131, uzun vadeli potansiyelini korudu\u011funa i\u015faret ediyor. Analist tavsiyelerinin detaylar\u0131, hedef fiyat marjlar\u0131 ve \u015firketin finansal r\u00f6ntgeni hakk\u0131nda daha fazlas\u0131n\u0131 ke\u015ffedin.<\/p>\n","protected":false},"author":6,"featured_media":1924,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[307],"tags":[27],"class_list":["post-1934","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analist-tavsiyeleri","tag-asels"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1934","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/comments?post=1934"}],"version-history":[{"count":1,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1934\/revisions"}],"predecessor-version":[{"id":1935,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/1934\/revisions\/1935"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/1924"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=1934"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=1934"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=1934"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}