{"id":58,"date":"2026-06-12T18:57:37","date_gmt":"2026-06-12T15:57:37","guid":{"rendered":"https:\/\/tabildot.com.tr\/tv\/?p=58"},"modified":"2026-06-12T19:32:08","modified_gmt":"2026-06-12T16:32:08","slug":"%f0%9f%94%b4-sasa-2026-03-bilanco-analizi-sasa-polyester-sanayi-a-s-sasanin-138-milyar-liralik-borc-sar","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/tv\/arsivler\/58","title":{"rendered":"\ud83d\udd34 SASA 2026-03 Bilan\u00e7o Analizi | Sasa Polyester Sanayi A.\u015e. (SASA&#8217;n\u0131n 138 Milyar Liral\u0131k Bor\u00e7 Sar&#8230;"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"\ud83d\udd34 SASA 2026-03 Bilan\u00e7o Analizi | Sasa Polyester Sanayi A.\u015e. (SASA&amp;apos;n\u0131n 138 Milyar Liral\u0131k Bor\u00e7 Sar...\" width=\"858\" height=\"644\" src=\"https:\/\/www.youtube.com\/embed\/OKYYJ2eje8w?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<p>https:\/\/tabildot.com.tr\/marketrisk\/2522 Sasa Polyester Sanayi A.\u015e. i\u00e7in 09 Haziran 2026 tarihli 2,50 TL hisse fiyat\u0131 ve 31 Mart 2026 konsolide finansal raporu baz al\u0131narak haz\u0131rlanan analiz ve oranlar a\u015fa\u011f\u0131dad\u0131rPiyasa De\u011feri ve Defter De\u011feri AnaliziPiyasa De\u011feri 109.539.038.402 TL (Hisse Fiyat\u0131 2,50 TL x 43.815.615.361 Adet Pay)Defter De\u011feri 3,92 TL (Toplam \u00d6zkaynak 171.692.372.000 TL \/ 43.815.615.361 Adet Pay)PD\/DD Oran\u0131 0,64 (Hisse fiyat\u0131n\u0131n defter de\u011ferinin alt\u0131nda olmas\u0131 \u015firketin \u00f6zkaynaklar\u0131na g\u00f6re iskontolu i\u015flem g\u00f6rd\u00fc\u011f\u00fcn\u00fc g\u00f6stermektedir)F\/K Oran\u0131 15,88 (Y\u0131ll\u0131kland\u0131r\u0131lm\u0131\u015f 6,9 milyar TL kar tahmini \u00fczerinden hesaplanm\u0131\u015ft\u0131r ancak 2025 y\u0131l sonu enflasyon d\u00fczeltmeli zarar verisi nedeniyle bu oran d\u00f6nemsel kar \u00fczerinden de\u011ferlendirilmi\u015ftir)Karl\u0131l\u0131k ve De\u011fi\u015fim Analizleri (2025 1\u00c7 &#8211; 2026 1\u00c7 K\u0131yaslamas\u0131)Net D\u00f6nem Kar\u0131 1.724.507.000 TLY\u0131ll\u0131k Net Kar De\u011fi\u015fimi -%7,27 (Ge\u00e7en y\u0131l\u0131n ayn\u0131 d\u00f6nemindeki 1.859.838.000 TL kara g\u00f6re hafif bir d\u00fc\u015f\u00fc\u015f ya\u015fanm\u0131\u015ft\u0131r)Sat\u0131\u015flardaki De\u011fi\u015fim +%36,22 (Has\u0131lat 11,85 milyar TL&#8217;den 16,14 milyar TL&#8217;ye y\u00fckselmi\u015ftir)Br\u00fct Kardaki De\u011fi\u015fim +%90,90 (Br\u00fct kar 937 milyon TL&#8217;den 1,79 milyar TL&#8217;ye \u00e7\u0131karak sat\u0131\u015f b\u00fcy\u00fcmesinin \u00fczerinde bir performans sergilemi\u015ftir)Esas Faaliyet Kar\u0131ndaki De\u011fi\u015fim +%116,33 (Operasyonel verimlilik art\u0131\u015f\u0131yla kar 451,7 milyon TL&#8217;den 977,1 milyon TL&#8217;ye ula\u015fm\u0131\u015ft\u0131r)\u00d6zkaynak Karl\u0131l\u0131\u011f\u0131ndaki (ROE) De\u011fi\u015fim -%8,05 (\u00c7eyreklik bazda ROE %1,09 seviyesinden %1,00 seviyesine gerilemi\u015ftir)Bor\u00e7luluk ve Sermaye Yap\u0131s\u0131\u015eirketin Net Borcu 137.964.924.000 TL (143,73 milyar TL toplam finansal bor\u00e7tan 5,77 milyar TL nakit varl\u0131klar d\u00fc\u015f\u00fclerek hesaplanm\u0131\u015ft\u0131r ve \u015firket nette bor\u00e7lu pozisyondad\u0131r)Firma De\u011feri 247.503.962.402 TL (Piyasa De\u011feri + Net Bor\u00e7)Varl\u0131k Finansman\u0131 Oranlar\u0131 Toplam varl\u0131klar\u0131n %48,53&#8217;\u00fc ana sermaye (\u00f6zkaynak) ile, %51,47&#8217;si ise bor\u00e7 (y\u00fck\u00fcml\u00fcl\u00fckler) ile finanse edilmektedirFinansal Bor\u00e7lardaki De\u011fi\u015fim +%6,42 (31 Aral\u0131k 2025&#8217;teki 135,06 milyar TL seviyesinden 143,73 milyar TL&#8217;ye y\u00fckselmi\u015ftir)\u00d6zkaynaklardaki De\u011fi\u015fim +%1,12 (D\u00f6nem ba\u015f\u0131nda 169,79 milyar TL olan \u00f6zkaynaklar 171,69 milyar TL&#8217;ye ula\u015fm\u0131\u015ft\u0131r)Tart\u0131\u015fma ve Di\u011fer \u00d6nemli OranlarCari Oran 0,63 (D\u00f6nen varl\u0131klar\u0131n k\u0131sa vadeli bor\u00e7lar\u0131 kar\u015f\u0131lama oran\u0131d\u0131r ve 1,0&#8217;in alt\u0131nda olmas\u0131 likidite y\u00f6netimine dikkat edilmesi gerekti\u011fini g\u00f6stermektedir ancak y\u00f6netim 2026 y\u0131l\u0131nda yat\u0131r\u0131mlar\u0131n devreye girmesiyle nakit ak\u0131\u015f\u0131nda art\u0131\u015f beklemektedir)Br\u00fct Kar Marj\u0131 %11,09 (Ge\u00e7en y\u0131l %7,91 olan marj\u0131n artmas\u0131 \u00fcretim maliyetlerinin has\u0131lata g\u00f6re daha iyi y\u00f6netildi\u011fini kan\u0131tlamaktad\u0131r)Esas Faaliyet Kar Marj\u0131 %6,05 (Ge\u00e7en y\u0131l %3,81 olan bu orandaki art\u0131\u015f \u015firketin ana i\u015findeki karl\u0131l\u0131\u011f\u0131n\u0131n g\u00fc\u00e7lendi\u011fini teyit etmektedir)Paya D\u00f6n\u00fc\u015ft\u00fcr\u00fclebilir Tahvil \u0130hrac\u0131 Ocak 2026&#8217;da tamamlanan 415 milyon Avroluk ihra\u00e7 \u015firketin finansman yap\u0131s\u0131nda kritik bir yer tutmaktad\u0131r ve gelecekte borcun sermayeye d\u00f6n\u00fc\u015fme potansiyeli bulunmaktad\u0131r<\/p>\n","protected":false},"excerpt":{"rendered":"<p>https:\/\/tabildot.com.tr\/marketrisk\/2522 Sasa Polyester Sanayi A.\u015e. i\u00e7in 09 Haziran 2026 tarihli 2,50 TL hisse fiyat\u0131 ve 31 Mart 2026 konsolide finansal raporu baz al\u0131narak haz\u0131rlanan analiz ve oranlar a\u015fa\u011f\u0131dad\u0131rPiyasa De\u011feri ve Defter De\u011feri AnaliziPiyasa De\u011feri 109.539.038.402 TL (Hisse Fiyat\u0131 2,50 TL&#8230; <\/p>\n","protected":false},"author":2,"featured_media":59,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[8],"class_list":["post-58","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-risk","tag-sasa"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/tv\/wp-json\/wp\/v2\/posts\/58","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tabildot.com.tr\/tv\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tabildot.com.tr\/tv\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/tv\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/tv\/wp-json\/wp\/v2\/comments?post=58"}],"version-history":[{"count":1,"href":"https:\/\/tabildot.com.tr\/tv\/wp-json\/wp\/v2\/posts\/58\/revisions"}],"predecessor-version":[{"id":60,"href":"https:\/\/tabildot.com.tr\/tv\/wp-json\/wp\/v2\/posts\/58\/revisions\/60"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/tv\/wp-json\/wp\/v2\/media\/59"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/tv\/wp-json\/wp\/v2\/media?parent=58"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/tv\/wp-json\/wp\/v2\/categories?post=58"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/tv\/wp-json\/wp\/v2\/tags?post=58"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}