{"id":86,"date":"2026-06-12T19:26:37","date_gmt":"2026-06-12T16:26:37","guid":{"rendered":"https:\/\/tabildot.com.tr\/tv\/?p=86"},"modified":"2026-06-12T19:46:55","modified_gmt":"2026-06-12T16:46:55","slug":"%f0%9f%94%b5-dstkf-2026-03-faaliyet-raporu-analizi-destek-finans-faktoring-a-s-brut-kari-sifirlanan-dest","status":"publish","type":"post","link":"https:\/\/tabildot.com.tr\/tv\/arsivler\/86","title":{"rendered":"\ud83d\udd35 DSTKF 2026-03 Faaliyet Raporu Analizi | Destek Finans Faktoring A.\u015e. (Br\u00fct k\u00e2r\u0131 s\u0131f\u0131rlanan Dest&#8230;"},"content":{"rendered":"<p><iframe loading=\"lazy\" title=\"\ud83d\udd35 DSTKF 2026-03 Faaliyet Raporu Analizi | Destek Finans Faktoring A.\u015e. (Br\u00fct k\u00e2r\u0131 s\u0131f\u0131rlanan Dest...\" width=\"858\" height=\"644\" src=\"https:\/\/www.youtube.com\/embed\/6tdFOBECi_U?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\/2506 Br\u00fct k\u00e2r\u0131 s\u0131f\u0131rlanan Destek Faktoring&#8217;in milyarl\u0131k k\u00e2r\u0131 Destek Finans Faktoring A.\u015e. 2026 Y\u0131l\u0131 Birinci \u00c7eyrek Finansal Analizi Piyasa De\u011feri ve De\u011ferleme Oranlar\u0131 \u2022 Piyasa De\u011feri: Belirtti\u011finiz 2.470,00 TL hisse fiyat\u0131 ve \u015firketin 333.333.333 adet \u00e7\u0131kar\u0131lm\u0131\u015f sermayesi \u00fczerinden hesapland\u0131\u011f\u0131nda, \u015firketin toplam piyasa de\u011feri yakla\u015f\u0131k 823.333.332.510 TL seviyesine ula\u015fmaktad\u0131r \u2022 Defter De\u011feri: 31.03.2026 itibar\u0131yla toplam konsolide \u00f6zkaynaklar 13.307.866 Bin TL (13,3 Milyar TL) olarak raporlanm\u0131\u015ft\u0131r Bu durumda hisse ba\u015f\u0131na defter de\u011feri yakla\u015f\u0131k 39,92 TL olarak hesaplanmaktad\u0131r \u2022 PD\/DD (Piyasa De\u011feri \/ Defter De\u011feri): G\u00fcncel fiyat \u00fczerinden \u015firketin PD\/DD oran\u0131 61,87 \u00e7\u0131kmaktad\u0131r Bu oran, \u015firketin \u00f6zkaynaklar\u0131n\u0131n 61 kat\u0131 bir de\u011ferle fiyatland\u0131\u011f\u0131n\u0131 g\u00f6stermektedir \u2022 F\/K (Fiyat \/ Kazan\u00e7): 2026 y\u0131l\u0131n\u0131n sadece ilk \u00e7eyre\u011finde elde edilen 1,17 Milyar TL net k\u00e2r y\u0131ll\u0131kland\u0131r\u0131ld\u0131\u011f\u0131nda (yakla\u015f\u0131k 4,7 Milyar TL), F\/K oran\u0131 yakla\u015f\u0131k 174,5 seviyesinde ger\u00e7ekle\u015fmektedir Bu \u00e7arpanlar sekt\u00f6r ortalamalar\u0131na g\u00f6re olduk\u00e7a y\u00fcksek bir beklentinin fiyatland\u0131\u011f\u0131na i\u015faret etmektedir K\u00e2rl\u0131l\u0131k ve De\u011fi\u015fim Analizi \u2022 Net D\u00f6nem Kar\u0131: 2026 y\u0131l\u0131n\u0131n ilk \u00fc\u00e7 ay\u0131nda 1.179.195 Bin TL net k\u00e2r elde edilmi\u015ftir \u2022 Y\u0131ll\u0131k Net Kar De\u011fi\u015fimi: 2025 y\u0131l\u0131n\u0131n ayn\u0131 d\u00f6nemindeki 564.455 Bin TL\u2019lik k\u00e2ra oranla %108,9 oran\u0131nda bir art\u0131\u015f ya\u015fanm\u0131\u015ft\u0131r \u015eirket k\u00e2rl\u0131l\u0131\u011f\u0131n\u0131 bir y\u0131lda iki kat\u0131ndan fazla art\u0131rmay\u0131 ba\u015farm\u0131\u015ft\u0131r \u2022 \u00d6zkaynak Karl\u0131l\u0131\u011f\u0131 (ROE): \u0130lk \u00e7eyrek k\u00e2r\u0131 \u00fczerinden yap\u0131lan hesaplamada, d\u00f6nemsel \u00f6zkaynak k\u00e2rl\u0131l\u0131\u011f\u0131 %8,86 seviyesindedir (y\u0131ll\u0131kland\u0131r\u0131ld\u0131\u011f\u0131nda %35 civar\u0131 bir beklenti olu\u015fturabilir) Varl\u0131k Yap\u0131s\u0131 ve Finansman Kaynaklar\u0131 \u2022 Finansman Yap\u0131s\u0131: \u015eirketin toplam aktif b\u00fcy\u00fckl\u00fc\u011f\u00fc 56.037.176 Bin TL&#8217;dir Bunun 13.307.866 Bin TL\u2019si \u00f6zkaynaklardan olu\u015furken, kalan k\u0131sm\u0131 y\u00fck\u00fcml\u00fcl\u00fcklerden meydana gelmektedir Yani varl\u0131klar\u0131n yakla\u015f\u0131k %23,75&#8217;i ana sermaye (\u00f6zkaynak), kalan %76,25\u2019i ise bor\u00e7 ve yabanc\u0131 kaynaklarla finanse edilmektedir \u2022 Net Bor\u00e7 Durumu: \u015eirket faktoring alacaklar\u0131n\u0131 fonlamak i\u00e7in yo\u011fun olarak banka kredileri ve menkul k\u0131ymet ihra\u00e7lar\u0131n\u0131 (tahvil\/bono) kullanmaktad\u0131r Toplam varl\u0131klar\u0131n b\u00fcy\u00fck k\u0131sm\u0131n\u0131n bor\u00e7la finanse edilmesi finans sekt\u00f6r\u00fcnde al\u0131\u015f\u0131ld\u0131k bir durum olsa da, kald\u0131ra\u00e7 oran\u0131n\u0131n %76 seviyesinde oldu\u011fu g\u00f6r\u00fclmektedir Sat\u0131\u015f ve Br\u00fct Kar Analizi \u2022 Sat\u0131\u015flardaki (Faktoring Gelirleri) De\u011fi\u015fim: 2025&#8217;in ilk \u00e7eyre\u011finde 1.671.777 Bin TL olan gelirler, 2026&#8217;n\u0131n ayn\u0131 d\u00f6neminde 1.582.742 Bin TL&#8217;ye gerileyerek %5,32 oran\u0131nda hafif bir d\u00fc\u015f\u00fc\u015f g\u00f6stermi\u015ftir \u2022 Br\u00fct Kardaki De\u011fi\u015fim: Raporda en dikkat \u00e7ekici veri br\u00fct k\u00e2r kalemindedir 2025 ilk \u00e7eyrekte 983.938 Bin TL olan br\u00fct k\u00e2r, 2026 ilk \u00e7eyrekte 5.626 Bin TL&#8217;ye gerileyerek %99,4 oran\u0131nda sert bir d\u00fc\u015f\u00fc\u015f ya\u015fam\u0131\u015ft\u0131r Net k\u00e2r\u0131n artmas\u0131na ra\u011fmen br\u00fct k\u00e2r\u0131n bu denli d\u00fc\u015fmesi, k\u00e2rl\u0131l\u0131\u011f\u0131n operasyonel faaliyetlerden ziyade yat\u0131r\u0131m faaliyetleri veya ba\u011fl\u0131 ortakl\u0131k sinerjisinden (Destek Yat\u0131r\u0131m Bankas\u0131 vb) kaynakland\u0131\u011f\u0131n\u0131 d\u00fc\u015f\u00fcnd\u00fcrmektedir \u00d6ne \u00c7\u0131kan Di\u011fer \u00d6nemli Oranlar \u2022 Takipteki Alacaklar Oran\u0131 (NPL): \u015eirketin alacak kalitesi olduk\u00e7a y\u00fcksektir Takipteki alacaklar\u0131n oran\u0131 %0,23 gibi \u00e7ok d\u00fc\u015f\u00fck bir seviyededir ve bu oran %1 olan kritik s\u0131n\u0131r\u0131n olduk\u00e7a alt\u0131ndad\u0131r \u2022 Sermaye Art\u0131r\u0131m\u0131 Potansiyeli: \u015eirket 333 Milyon TL olan sermayesini i\u00e7 kaynaklardan kar\u015f\u0131lanmak \u00fczere 5,93 Milyar TL\u2019ye \u00e7\u0131karmak i\u00e7in SPK\u2019ya ba\u015fvurmu\u015ftur Bu durum \u00f6zkaynak yap\u0131s\u0131n\u0131n daha da g\u00fc\u00e7lenece\u011fini g\u00f6stermektedir \u2022 Likit Kaynaklar: \u015eirketin 31 Mart 2026 itibar\u0131yla USD, EUR ve TL cinsinden ihra\u00e7 edilmi\u015f ancak vadesi gelmemi\u015f menkul k\u0131ymetleri bulunmaktad\u0131r Bu da finansman \u00e7e\u015fitlili\u011fini korudu\u011funu kan\u0131tlamaktad\u0131r<\/p>\n","protected":false},"excerpt":{"rendered":"<p>https:\/\/tabildot.com.tr\/marketrisk\/2506 Br\u00fct k\u00e2r\u0131 s\u0131f\u0131rlanan Destek Faktoring&#8217;in milyarl\u0131k k\u00e2r\u0131 Destek Finans Faktoring A.\u015e. 2026 Y\u0131l\u0131 Birinci \u00c7eyrek Finansal Analizi Piyasa De\u011feri ve De\u011ferleme Oranlar\u0131 \u2022 Piyasa De\u011feri: Belirtti\u011finiz 2.470,00 TL hisse fiyat\u0131 ve \u015firketin 333.333.333 adet \u00e7\u0131kar\u0131lm\u0131\u015f sermayesi \u00fczerinden hesapland\u0131\u011f\u0131nda, \u015firketin&#8230; <\/p>\n","protected":false},"author":2,"featured_media":87,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[17,13,16],"class_list":["post-86","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-risk","tag-2026-03-faaliyet-raporu-analizi","tag-dstkf","tag-faaliyet-raporu-analizi"],"_links":{"self":[{"href":"https:\/\/tabildot.com.tr\/tv\/wp-json\/wp\/v2\/posts\/86","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=86"}],"version-history":[{"count":1,"href":"https:\/\/tabildot.com.tr\/tv\/wp-json\/wp\/v2\/posts\/86\/revisions"}],"predecessor-version":[{"id":88,"href":"https:\/\/tabildot.com.tr\/tv\/wp-json\/wp\/v2\/posts\/86\/revisions\/88"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tabildot.com.tr\/tv\/wp-json\/wp\/v2\/media\/87"}],"wp:attachment":[{"href":"https:\/\/tabildot.com.tr\/tv\/wp-json\/wp\/v2\/media?parent=86"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tabildot.com.tr\/tv\/wp-json\/wp\/v2\/categories?post=86"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tabildot.com.tr\/tv\/wp-json\/wp\/v2\/tags?post=86"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}