ozgurdonmaz/iStock Unreleased via Getty Images Five years ago, I first wrote about Turkcell Iletisim Hizmetleri A.S. ( TKC ), rating it a buy on the grounds that it was cheap given the amount of growth it was offering. Since then the stock has performed respectably, despite a challenging environment, giving investors somewhat better than market average returns. Data by YCharts Dividends included, ...
ozgurdonmaz/iStock Unreleased via Getty Images Five years ago, I first wrote about Turkcell Iletisim Hizmetleri A.S. ( TKC ), rating it a buy on the grounds that it was cheap given the amount of growth it was offering. Since then the stock has performed respectably, despite a challenging environment, giving investors somewhat better than market average returns. Data by YCharts Dividends included, this was a solid run for Turkcell, but by 2026 it looks like a very different company, with a larger number of subscribers (46.2 million as of 12/31/25) and necessarily a slower percentage of growth than what we were seeing five years ago. At the same time, it has been showing up on a lot of screens lately as potentially undervalued relative to other foreign telecoms, so I think it’s worthwhile to reexamine the company and see whether this is another opportunity or if there are reasons for a discount to the sector. Top Line Strength and Underlying Value Last month, Turkcell came in with its FY2025 results, capping off the year with yet more top line growth and a bottom line in which earnings for continuing operations grew as well. FY2024 FY2025 Total Revenue $4.87 billion $5.39 billion Gross Profit $1.20 billion $1.53 billion Operating Income $1.03 billion $1.64 billion CapEx ($1.6 billion) ($2.0 billion) Net Income $687 million $393 million EPADS (Continuing Ops) 37¢ 46¢ EPADS (Total) 79¢ 45¢ Click to enlarge (Source: Turkcell Press Release ) The first thing you’ll notice here, which supports why Turkcell is showing up on screeners as potentially undervalued, is that while they’re no longer doubling their revenue every five years like they used to, there’s still meaningful growth on the top line, and more importantly, improvements in both growth and operating margins. That gives us a Turkcell with growing continuing operations that are increasingly profitable, which is an excellent sign. At the current prices, the P/E ratio is 14.71, which is somewhat lower than the sector...
Eakrin Rasadonyindee/iStock via Getty Images Markets Review The U.S. equity market declined during the first quarter, with the S&P 500 Index falling 4.33% during the period. Fixed income markets also weakened, as the Bloomberg U.S. Aggregate Bond Index decreased 0.05%. Year-to-Date Returns Sources: CAPS CompositeHub™, Bloomberg Past performance is not indicative of future results. Aristotle Value ...
Eakrin Rasadonyindee/iStock via Getty Images Markets Review The U.S. equity market declined during the first quarter, with the S&P 500 Index falling 4.33% during the period. Fixed income markets also weakened, as the Bloomberg U.S. Aggregate Bond Index decreased 0.05%. Year-to-Date Returns Sources: CAPS CompositeHub™, Bloomberg Past performance is not indicative of future results. Aristotle Value Equity WM Composite returns are presented pure gross and net of the maximum wrap fee and include the reinvestment of all income. Pure gross returns do not reflect the deduction of any trading costs or other fees and are supplemental to the net returns. Net returns are calculated by subtracting the highest applicable wrap/SMA fee, which includes trading costs and custodial fees, from the pure gross composite return. (From inception to 12/31/2015, the highest applicable wrap/SMA fee is 3.00% on an annual basis, or 0.75% quarterly. From 1/1/2016 to 12/31/2023, the highest applicable wrap/SMA fee is 2.00% on an annual basis, or 0.50% quarterly and 0.17% monthly from 1/1/2024 to present.) Please see important disclosures at the end of this document. Click to enlarge From a style perspective, the Russell 1000 Value Index outperformed its growth counterpart by 11.88%. On a sector basis, seven out of the eleven sectors within the Russell 1000 Value Index posted positive returns. The best-performing sectors were Energy, Materials and Utilities, while Financials, Consumer Discretionary and Communication Services were the worst. Macroeconomic conditions reflected a moderation in growth alongside continued inflationary pressures. The government reported a slowdown in real GDP growth, while inflation remained above the Federal Reserve's 2% target. Against this backdrop, the Fed maintained its federal funds target range, citing elevated uncertainty surrounding the economic outlook. Geopolitical developments contributed to increased volatility during the quarter. Escalating conflict in th...
Artificial intelligence startup Cursor is in talks to raise a $2B fundraising round at an over $50B valuation, which does not include the investment, a source familiar with the matter told CNBC. Andreessen Horowitz is slated to co-lead the new investment round, in which Nvidia ( NVDA ) and Thrive Capital are also expected to participate, the report said. Those three firms have all previously backe...
Artificial intelligence startup Cursor is in talks to raise a $2B fundraising round at an over $50B valuation, which does not include the investment, a source familiar with the matter told CNBC. Andreessen Horowitz is slated to co-lead the new investment round, in which Nvidia ( NVDA ) and Thrive Capital are also expected to participate, the report said. Those three firms have all previously backed the AI coding startup. Last year in November, Cursor raised about $2.3B at a $29.3B post-money valuation in a Series D funding round, which included existing investors, including Accel, Thrive, and Andreessen Horowitz, and new partners Coatue, Nvidia and Alphabet's ( GOOG ) ( GOOGL ) Google. The startup released in February various updates intended to help software developers, including giving AI agents the ability to test their coding changes and record their actions via videos, logs and screenshots. More on Nvidia NVIDIA Vs. AMD: Buy The Dominant Leader At A Discount Nvidia Stock Looks Like A Buy (Technical Analysis) Nvidia: I'm Finally Convinced (Rating Upgrade) Google is said to explore new AI chip partnership with Marvell AI chipmaker Cerebras files for IPO following mega deal with OpenAI