TR EN AR RU KK

QNBTRQNB Bank A.S.

Halka Arz (Yeni Eklendi)
🇹🇷 BİST
115.00
TRY
Analysis Scores
Lothien Robustness Score?
54/100
Moderate
Neden bu skor?
Damodaran ?
24/100
Dalio Risk ?
48/100
Piotroski ?
-
Bilanço dosyası bulunamadı
Graham ?
-
Bilanço dosyası bulunamadı
Active Metric?
3/4
Confidence?
59%
Lothien Robustness Summary
61/100
Lothien Sağlamlık: Güçlü (61/100)
Genel tablo olumlu. Finansal yapı sağlam, bazı riskler mevcut. | Kısa Vade: Olumlu | Uzun Vade: Olumlu | Pozitif: 3 | Negatif: 2 | Nötr: 3
Net Kâr Pozitif
Son çeyrekte ₺13.6B net kâr açıklandı. Şirket kârlı.
Kâr Stabil
Net kâr bir önceki çeyreğe göre fazla değişmedi (%-13.9). İstikrarlı seyir.
4 Çeyrek Üst Üste Artış
Son 4 çeyrek üst üste kâr artıyor. Güçlü yukarı trend devam ediyor.
Makul F/K
Trailing F/K: 11.5. Makul değerleme aralığında.
Yüksek ROE
Özkaynak getirisi (ROE): %28.6. Sermaye verimli kullanılıyor.
Reel Kâr Eriyor
Enflasyon düzeltmesi sonrası reel kâr %-19.6 düştü. Nominal artış enflasyonu karşılamıyor.
Reel Hasılat Daralması
Enflasyon düzeltmesi sonrası reel hasılat %-12.3 düştü. Şirket reel olarak küçülüyor.
Mevsimsel Etki
Çeyreklik düşüş (%-13.9) ama yıllık bazda artış (%+26.2). Bu muhtemelen mevsimsel bir düşüş.

Data date 2026-10-28 Not investment advice; the figures are rule-based model output. How the scores are computed

Score record
Method How the scores are computed · Scorecard
Data date 2026-10-28
Update frequency Scheduled analysis run on business days at 19:30 Istanbul time; not every symbol is refreshed in every run

Method summaryThe Lothien Robustness Score (0-100) is a weighted combination of sub-scores computed by fixed rules from published financial statements and price data (Damodaran valuation, Dalio risk, Piotroski F-score, earnings quality, momentum and others). The rules are applied automatically to every covered stock, with weights that vary by sector.

AssumptionsCalculations rest on the company's latest published financial statements and on price data that may be delayed. Where four quarters have not been published, annual figures may be scaled from the available quarters. Model parameters such as the risk-free rate, the risk premium and long-term growth are fixed assumptions per exchange and contain no company-specific expectation.

Conflict of interestNo statement has been published on whether MIDAK, the operator of Lothien, or its team hold positions in these stocks. The figures are produced automatically by the same rules, without regard to any such position.

WarningThis information is not within the scope of investment advisory services and is not investment advice. The figures are the output of rule-based models and may not suit your financial situation or your risk and return preferences. Making an investment decision on the basis of this information alone may not lead to results that meet your expectations.

Model output; not investment advice; different models can disagree. Report an error

Risk Analysis (VaR) Yüksek
252 days
Annual Volatility ?
%43.5
VaR 95% ?
%4.89
daily max loss
VaR 99% ?
%6.76
daily max loss
CVaR 95% ?
%5.41
expected loss (tail)
Max Drawdown ?
%65.9
27.10.2025 → 27.10.2026
Skewness ?
0.97
Parametrik%4.89
Historik%4.15
Cornish-Fisher%3.93
Return Distribution
Valuation
Potential?
+6.8%
ROIC ?
6.4%
DCF Value ?
40.15
Debt Cycle?
Geç Genişleme
Balance Sheet Analysis? Q2026/6
Net kâr çeyreklik %-13.9 düşerek 13.6B TL oldu
Yıllık net kâr büyümesi %+26.2
Hasılat çeyreklik %-6.1 düştü (37.0B TL)
Yıllık hasılat büyümesi güçlü (%+10.7)
Net kâr marjı yüksek: %36.7
Nakit ve benzerleri: 318.5B TL
ROE düşük: %6.8
ROA düşük: %0.6
Toplam varlıklar %+7.2 büyüdü → 2,136.3B TL
Özkaynak %+8.1 arttı → 200.5B TL
İşletme kârı pozitif: 12.5B TL
Ödenmiş sermaye: 5.5B TL
Son 8 çeyrek ardışık kâr
Fiyat TRAMA-99 altında: %-23.3 — teknik trend olumsuz
Direnç seviyesi: TRAMA-99 = 149.90 TL
Inflation Adjusted Data?
Real net profit fell 19.6% — nominal growth cannot offset inflation
Real revenue fell 12.3% — insufficient pricing power
Reel özkaynak son 40 çeyrekte %41 arttı — gerçek sermaye birikimi
Reel ROE %27.0 — enflasyon sonrası güçlü getiri
Yıllık %32 enflasyon altında eziliyor — reel küçülme
Quarter CPI YoY Deflator Nominal Net Profit Real Net Profit Real Growth Nominal Revenue Real Revenue Reel ROE
2026/6 %32 ×1.00 ₺13.6B ₺13.6B %-19.6 ₺37.0B ₺37.0B %27.0
2026/3 %31 ×1.07 ₺15.7B ₺16.9B %+3.3 ₺39.4B ₺42.2B %34.0
2025/12 %31 ×1.18 ₺13.8B ₺16.3B %+10.2 ₺36.2B ₺42.6B %32.0
2025/9 %33 ×1.23 ₺12.0B ₺14.8B %+4.4 ₺37.6B ₺46.2B %31.4
2025/6 %35 ×1.32 ₺10.7B ₺14.2B %-9.5 ₺33.4B ₺44.1B %30.8
2025/3 %38 ×1.40 ₺11.2B ₺15.7B %+13.7 ₺32.0B ₺44.8B %35.0
2024/12 %44 ×1.54 ₺8.9B ₺13.8B %-13.9 ₺26.4B ₺40.7B %30.1
2024/9 %49 ×1.64 ₺9.8B ₺16.0B %+18.1 ₺24.9B ₺40.8B %36.3
Fundamental & Technical Analysis
Profitability
Net Profit Margin %36.7
Net profit margin %36.7 — very strong. Compared to previous quarter -3.3 point decrease.
ROE - Return on Equity (TTM) %28.6
ROE %28.6 — high return on equity.
Valuation
P/E Ratio 11.5x Sector: 22.4x
F/K 11.5x — sector median's (22.4x) %49 below. Attractive for value investing.
P/B Ratio 3.16x Sector: 1.88x
PD/DD 3.16x — sector median's %68 above. Expensive book value.
Indebtedness
Debt / Equity 3.65x
Debt/Equity 3.65x — very high leverage.
Growth
Revenue Growth (YoY) %+10.7
Revenue YoY %10.7 grew — healthy growth rate.
Net Profit Growth (YoY) %+26.2
Net profit YoY %26.2 increased — strong profit growth.
Seasonality Analysis Q1 (Oca-Mar)
Historically strongest quarter: Q1 (Jan-Mar) (avg. profit 12.3B). Weakest quarter: Q2 (Apr-Jun) (avg. profit 10.6B).
Score Explanations
Lothien Robustness
54/100
Moderate robustness (54/100). Valuation and risk criteria give mixed signals. Detailed review recommended.
Moderate
Potential
+6.8%
Plus %6.8 expected value (122.79) vs current price comparison. 3/4 valuation models could be calculated. Model confidence %59.
Components: PE target: 232.77 | P/B target: 73.17 | DCF target: 40.15
Damodaran Valuation
24/100
Low Damodaran score (24/100). ROIC (%6.4) below cost of capital. DCF analysis does not support current price.
Very Weak
Dalio Risk Analysis
48/100
High debt risk (48/100).
Leverage: 9/100 | Debt Service: 50/100 | Quality: 100/100
ROIC - Return on Capital
%6.4
ROIC (%6.4) cost of capital (31.6%) below → destroying value.
WACC: %31.6
DCF Discounted Cash Flow
40.15
DCF (40.15) current price %65.1 below — cash flows do not support current price.
Current price: 115.00
Debt Cycle Phase
Geç Genişleme
Piotroski F-Score
—
Graham Intrinsic Value
—
⚖️ Sector Comparison
P/E Ratio
11.5x vs 22.4x
Sector median's %49 below — cheap
P/B Ratio
3.16x vs 1.88x
Compared to sector %68 more expensive (by book value)
ROIC vs WACC
%6.4 vs %31.6 WACC
ROIC 25.2 bps below cost of capital
TRAMA-99 Trend — Strong Downtrend
Price (115.00), TRAMA-99 line's %23.3 below. Significant downtrend. TRAMA line acts as strong technical resistance.
Price:: 115.00
TRAMA: 149.90
Difference: %-23.3
Charts
Indicators
BB deviation ?
RSI thresholds ?

Price Chart ?
▲ KAP alım · ▼ KAP satım · ◆ KAP bildirim — KAP açıklamaları (içsel bilgi / pay-alım-satım / önemli-pay sahipliği); resmî bildirim, gün-içi gecikmeli.
RSI (14) ?
Bollinger Bands ?
MACD ?
Gold-Based Price + TRAMA (Stock / Gram Gold) ?
Real vs Nominal Net Profit (CPI Adjusted) ?
Real vs Nominal Revenue (CPI Adjusted) ?

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The Lothien health scores and analyses on this page are for informational purposes only. They do not constitute investment advice. Please consult a licensed investment advisor before making investment decisions.