{"id":2398,"date":"2026-05-04T01:50:25","date_gmt":"2026-05-03T22:50:25","guid":{"rendered":"https:\/\/tabildot.com.tr\/marketrisk\/?p=2398"},"modified":"2026-05-04T01:51:34","modified_gmt":"2026-05-03T22:51:34","slug":"aselsan-2026-hisse-analizi-rekor-kar-art-ve-teknik-grnm","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/marketrisk\/2398","title":{"rendered":"ASELSAN 2026 Hisse Analizi: Rekor Kar Art\u0131\u015f\u0131 ve Teknik G\u00f6r\u00fcn\u00fcm"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"ASELSAN 2026 Hisse Teknik Analizi: Rekor Kar Art\u0131\u015f\u0131 ve Teknik G\u00f6r\u00fcn\u00fcm\" width=\"858\" height=\"483\" src=\"https:\/\/www.youtube.com\/embed\/owH4fDzYEZo?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 (ASELS) Finansal ve Operasyonel Durum Analizi Raporu<\/h1>\n<h2>Y\u00f6netici \u00d6zeti<\/h2>\n<p>Bu rapor, ASELSAN Elektronik Sanayi ve Ticaret A.\u015e.&#8217;nin (ASELS) 2025 ve 2026 y\u0131llar\u0131n\u0131n ilk \u00e7eyrek verileri ile 2026 y\u0131l\u0131 May\u0131s ay\u0131 ba\u015f\u0131ndaki piyasa performans\u0131n\u0131 sentezlemektedir. \u015eirket, \u00f6zellikle net k\u00e2r marj\u0131ndaki belirgin art\u0131\u015f ve g\u00fc\u00e7l\u00fc \u00f6zkaynak b\u00fcy\u00fcmesi ile dikkat \u00e7ekmektedir. 2026\/03 d\u00f6neminde net sat\u0131\u015flar y\u0131ll\u0131k %15,02 art\u0131\u015fla 34,3 milyar TL\u2019ye ula\u015f\u0131rken, ana ortakl\u0131k paylar\u0131 net d\u00f6nem k\u00e2r\u0131 %86,07\u2019lik bir b\u00fcy\u00fcme kaydederek 5,5 milyar TL seviyesine y\u00fckselmi\u015ftir. Borsa \u0130stanbul\u2019da (BIST) i\u015flem g\u00f6ren hisse, y\u0131ll\u0131k bazda %211,69 gibi y\u00fcksek bir getiri oran\u0131 yakalam\u0131\u015f olsa da, teknik g\u00f6stergeler orta vadede doygunluk ve olas\u0131 sat\u0131\u015f sinyalleri vermektedir. Savunma sanayiindeki jeopolitik geli\u015fmeler ve yerli teknoloji projeleri (KORKUT vb.), \u015firketin b\u00fcy\u00fcme stratejisinin merkezinde yer almaya devam etmektedir.<\/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. Piyasa De\u011ferlemesi ve Hisse Performans\u0131<\/h2>\n<p>ASELSAN\u2019\u0131n 30 Nisan 2026 itibar\u0131yla piyasa verileri ve borsa performans\u0131 \u015fu \u015fekildedir:<\/p>\n<ul>\n<li><b>Fiyat Bilgileri:<\/b> Hisse kapan\u0131\u015f fiyat\u0131 420,25 TL (9,35 USD) olarak kaydedilmi\u015ftir.<\/li>\n<li><b>Getiri Analizi:<\/b>\n<ul>\n<li><b>G\u00fcnl\u00fck:<\/b> % -1,23<\/li>\n<li><b>Haftal\u0131k:<\/b> % 5,99<\/li>\n<li><b>Ayl\u0131k:<\/b> % 31,23<\/li>\n<li><b>Y\u0131ll\u0131k:<\/b> % 211,69<\/li>\n<\/ul>\n<\/li>\n<li><b>Piyasa De\u011feri:<\/b> 1.916.340.000.000 TL (yakla\u015f\u0131k 42,6 milyar USD).<\/li>\n<li><b>\u00c7arpanlar:<\/b>\n<ul>\n<li><b>Fiyat\/Kazan\u00e7 (F\/K):<\/b> 58,94<\/li>\n<li><b>Piyasa De\u011feri \/ Defter De\u011feri (PD\/DD):<\/b> 6,82<\/li>\n<li><b>Firma De\u011feri \/ FAV\u00d6K:<\/b> 39,37<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<h3>Hissedar Yap\u0131s\u0131<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Ortak \u00dcnvan\u0131<\/td>\n<td>Pay (%)<\/td>\n<td>Sermaye Pay\u0131 (TL)<\/td>\n<\/tr>\n<tr>\n<td>T\u00fcrk Silahl\u0131 Kuvvetlerini G\u00fc\u00e7lendirme Vakf\u0131<\/td>\n<td>74,20<\/td>\n<td>3.383.302.498<\/td>\n<\/tr>\n<tr>\n<td>Di\u011fer (Halka A\u00e7\u0131k)<\/td>\n<td>25,80<\/td>\n<td>1.176.697.502<\/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. Finansal Performans Analizi (2025\/03 &#8211; 2026\/03)<\/h2>\n<p>\u015eirketin gelir tablosu, operasyonel verimlili\u011fin ve k\u00e2rl\u0131l\u0131\u011f\u0131n artt\u0131\u011f\u0131n\u0131 g\u00f6stermektedir.<\/p>\n<h3>Gelir Tablosu \u00d6zeti (Mio TL)<\/h3>\n<table border=\"1\">\n<tbody>\n<tr>\n<td>Kalem<\/td>\n<td>2025\/03<\/td>\n<td>2026\/03<\/td>\n<td>De\u011fi\u015fim (%)<\/td>\n<\/tr>\n<tr>\n<td><b>Net Sat\u0131\u015flar<\/b><\/td>\n<td>29.825,15<\/td>\n<td>34.305,80<\/td>\n<td>15,02<\/td>\n<\/tr>\n<tr>\n<td><b>Sat\u0131\u015flar\u0131n Maliyeti<\/b><\/td>\n<td>20.898,36<\/td>\n<td>23.768,57<\/td>\n<td>13,73<\/td>\n<\/tr>\n<tr>\n<td><b>Br\u00fct K\u00e2r<\/b><\/td>\n<td>8.926,79<\/td>\n<td>10.537,23<\/td>\n<td>18,04<\/td>\n<\/tr>\n<tr>\n<td><b>FAV\u00d6K<\/b><\/td>\n<td>6.729,63<\/td>\n<td>8.632,80<\/td>\n<td>28,28<\/td>\n<\/tr>\n<tr>\n<td><b>Net K\u00e2r (Ana Ortakl\u0131k)<\/b><\/td>\n<td>2.976,94<\/td>\n<td>5.539,31<\/td>\n<td>86,07<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3>Sat\u0131\u015flar\u0131n K\u0131r\u0131l\u0131m\u0131 ve Marjlar<\/h3>\n<ul>\n<li><b>Yurt D\u0131\u015f\u0131 Sat\u0131\u015f Performans\u0131:<\/b> Yurt d\u0131\u015f\u0131 sat\u0131\u015flar 2025\/03 d\u00f6nemine g\u00f6re %27,37 artarak 4,7 milyar TL&#8217;ye y\u00fckselmi\u015ftir. Bu oran, %13,28 art\u0131\u015f g\u00f6steren yurt i\u00e7i sat\u0131\u015flar\u0131n olduk\u00e7a \u00fczerindedir. \u0130hracat oran\u0131 ise %12,38&#8217;den %13,71&#8217;e \u00e7\u0131km\u0131\u015ft\u0131r.<\/li>\n<li><b>K\u00e2rl\u0131l\u0131k Oranlar\u0131:<\/b>\n<ul>\n<li><b>Br\u00fct K\u00e2r Marj\u0131:<\/b> %29,93&#8217;ten %30,72&#8217;ye y\u00fckselmi\u015ftir.<\/li>\n<li><b>Net K\u00e2r Marj\u0131:<\/b> %9,98&#8217;den %16,15&#8217;e \u00e7\u0131karak operasyonel ba\u015far\u0131n\u0131n net k\u00e2ra yans\u0131d\u0131\u011f\u0131n\u0131 teyit etmi\u015ftir.<\/li>\n<li><b>Esas Faaliyet K\u00e2r Marj\u0131:<\/b> %17,42&#8217;den %19,64&#8217;e y\u00fckselmi\u015ftir.<\/li>\n<li><b>ROIC (Yat\u0131r\u0131lan Sermaye Getirisi):<\/b> %19,69&#8217;dan %14,44&#8217;e gerilemi\u015ftir.<\/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>3. Bilan\u00e7o ve Finansal Yap\u0131 Analizi<\/h2>\n<p>\u015eirket varl\u0131klar\u0131n\u0131 ciddi oranda b\u00fcy\u00fct\u00fcrken, nakit pozisyonunu g\u00fc\u00e7lendirmi\u015ftir.<\/p>\n<h3>Bilan\u00e7o Verileri (Mio TL)<\/h3>\n<ul>\n<li><b>Toplam Varl\u0131klar:<\/b> 270.045,78&#8217;den 485.018,94&#8217;e (%79,61 art\u0131\u015f).<\/li>\n<li><b>\u00d6zkaynaklar:<\/b> 156.696,70&#8217;ten 281.073,87&#8217;ye (%79,37 art\u0131\u015f).<\/li>\n<li><b>Haz\u0131r De\u011ferler (Nakit ve Benzerleri):<\/b> %141,63&#8217;l\u00fck rekor bir art\u0131\u015fla 31.005,73 Mio TL seviyesine ula\u015fm\u0131\u015ft\u0131r.<\/li>\n<li><b>Net Bor\u00e7 Durumu:<\/b> Net bor\u00e7, 20.113,29 Mio TL&#8217;den 22.084,09 Mio TL&#8217;ye y\u00fckselmi\u015f olsa da, \u00f6zkaynak b\u00fcy\u00fcmesi ve nakit art\u0131\u015f\u0131 bu riski dengelemektedir. Net Bor\u00e7 \/ FAV\u00d6K oran\u0131 0,58&#8217;den 0,42&#8217;ye gerileyerek iyile\u015fme g\u00f6stermi\u015ftir.<\/li>\n<\/ul>\n<h3>Likidite Oranlar\u0131<\/h3>\n<ul>\n<li><b>Cari Oran:<\/b> 1,54 (\u00d6nceki: 1,50)<\/li>\n<li><b>Likit Oran:<\/b> 0,85 (\u00d6nceki: 0,82)<\/li>\n<li><b>Nakit Oran:<\/b> 22,99 (\u00d6nceki: 17,25) &#8211; \u015eirketin k\u0131sa vadeli y\u00fck\u00fcml\u00fcl\u00fcklerini kar\u015f\u0131lama kapasitesinde art\u0131\u015f g\u00f6zlemlenmektedir.<\/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. Teknik Analiz ve G\u00f6stergeler<\/h2>\n<p>Hissenin teknik g\u00f6r\u00fcn\u00fcm\u00fc, g\u00fc\u00e7l\u00fc bir y\u00fckseli\u015f trendinin ard\u0131ndan konsolidasyon veya d\u00fczeltme emareleri sergilemektedir.<\/p>\n<ul>\n<li><b>Hareketli Ortalamalar (EMA):<\/b> Fiyat (420,25 TL), 20 (393,06), 50 (358,57) ve 100 g\u00fcnl\u00fck (318,37) hareketli ortalamalar\u0131n \u00fczerinde seyretmektedir. Bu durum uzun vadeli y\u00fckseli\u015f trendini desteklemektedir.<\/li>\n<li><b>Momentum ve RSI:<\/b>\n<ul>\n<li><b>RSI:<\/b> 66,89 seviyesindedir (70 olan a\u015f\u0131r\u0131 al\u0131m s\u0131n\u0131r\u0131na yak\u0131nd\u0131r).<\/li>\n<li><b>Momentum:<\/b> 101,20&#8217;ye gerileyerek g\u00fc\u00e7 kayb\u0131 i\u015fareti vermektedir.<\/li>\n<\/ul>\n<\/li>\n<li><b>Teknik Yorum:<\/b> Orta vadeli g\u00f6stergeler son d\u00f6nemde belirgin &#8220;Sat&#8221; sinyalleri \u00fcretmeye ba\u015flam\u0131\u015ft\u0131r. MACD ve Stokastik g\u00f6stergeleri de \u00f6nceki d\u00f6nemlere g\u00f6re zay\u0131flama sinyalleri (Sinyal: Sat\u0131\u015f) vermektedir.<\/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>5. Operasyonel Geli\u015fmeler ve Haber \u00d6zeti<\/h2>\n<p>ASELSAN\u2019\u0131n 2026 y\u0131l\u0131 ilk \u00e7eyre\u011findeki faaliyetleri ve gelecek vizyonu \u015fu ba\u015fl\u0131klarla \u00f6zetlenebilir:<\/p>\n<ul>\n<li><b>SAHA 2026 Fuar\u0131:<\/b> ASELSAN, SAHA 2026 Uluslararas\u0131 Savunma, Havac\u0131l\u0131k ve Uzay Sanayi Fuar\u0131&#8217;nda 5 yeni \u00fcr\u00fcn ve 6 \u00fcr\u00fcn\u00fcn yeni versiyonlar\u0131n\u0131 sergileyecektir.<\/li>\n<li><b>KORKUT Sistemi:<\/b> \u015eirket, mini ve mikro \u0130HA tehditlerine kar\u015f\u0131 geli\u015ftirilen &#8220;KORKUT 100\/25 SB \u0130HA Fiziksel \u00d6nleme Sistemi&#8221;ni sahaya s\u00fcrm\u00fc\u015ft\u00fcr.<\/li>\n<li><b>Jeopolitik Etki:<\/b> Rusya-Ukrayna Sava\u015f\u0131 ve Orta Do\u011fu&#8217;daki gerilimlerin T\u00fcrk savunma sanayisine olan ilgiyi art\u0131rmas\u0131, ASELSAN&#8217;\u0131n k\u00fcresel savunma ekosistemindeki y\u00fckseli\u015fini desteklemektedir.<\/li>\n<li><b>Yeni S\u00f6zle\u015fmeler:<\/b> 30 Nisan 2026 tarihi itibar\u0131yla yeni i\u015f s\u00f6zle\u015fmelerinin imzaland\u0131\u011f\u0131 duyurulmu\u015ftur.<\/li>\n<li><b>S\u00fcrd\u00fcr\u00fclebilirlik:<\/b> Nisan 2026&#8217;da &#8220;2025 Y\u0131l\u0131 TSRS Uyumlu S\u00fcrd\u00fcr\u00fclebilirlik Raporu&#8221; yay\u0131mlanm\u0131\u015ft\u0131r.<\/li>\n<\/ul>\n<button class=\"simplefavorite-button\" data-postid=\"2398\" data-siteid=\"1\" data-groupid=\"1\" data-favoritecount=\"0\" style=\"\">Favorile <i class=<\/button>","protected":false},"excerpt":{"rendered":"<p>ASELSAN 2026 y\u0131l\u0131na ait ilk \u00e7eyrek finansal sonu\u00e7lar\u0131yla hem savunma sanayiindeki g\u00fcc\u00fcn\u00fc hem de finansal disiplinini bir kez daha kan\u0131tlad\u0131<br \/>\n \u015eirketin net kar\u0131nda g\u00f6r\u00fclen %86&#8217;l\u0131k rekor art\u0131\u015f ve varl\u0131klar\u0131ndaki %79&#8217;u a\u015fan b\u00fcy\u00fcme, operasyonel verimlili\u011fin en somut g\u00f6stergesi olarak \u00f6ne \u00e7\u0131k\u0131yor<br \/>\n \u00d6zellikle ihracat kanad\u0131ndaki %27,37\u2019lik ivmelenme, ASELSAN\u2019\u0131n sadece yerel de\u011fil, k\u00fcresel bir teknoloji devi olma yolunda emin ad\u0131mlarla ilerledi\u011fini g\u00f6steriyor<br \/>\n SAHA 2026 gibi uluslararas\u0131 platformlarda tan\u0131t\u0131lacak yeni nesil teknolojiler ve KORKUT gibi saha performans\u0131yla dikkat \u00e7eken sistemler, \u015firketin gelecek vizyonunu destekleyen en \u00f6nemli unsurlar aras\u0131nda yer al\u0131yor<br \/>\n Y\u0131ll\u0131k %211,69 getiri sa\u011flayan hisse performans\u0131 ve imzalanan yeni dev s\u00f6zle\u015fmelerle ASELSAN, yat\u0131r\u0131mc\u0131lar i\u00e7in g\u00fcvenli bir liman ve stratejik bir b\u00fcy\u00fcme hikayesi sunmaya devam ediyor<\/p>\n","protected":false},"author":8,"featured_media":2385,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[337],"tags":[27],"class_list":["post-2398","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-hisse-teknik-analizi","tag-asels"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2398","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\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/comments?post=2398"}],"version-history":[{"count":1,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2398\/revisions"}],"predecessor-version":[{"id":2400,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/posts\/2398\/revisions\/2400"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media\/2385"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/media?parent=2398"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/categories?post=2398"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/marketrisk\/wp-json\/wp\/v2\/tags?post=2398"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}