STOCK MARKET PERFORMANCE EVALUATION BASED ON MARKET MULTIPLIERS WITH MEREC AND COPRAS METHODS: BIST-30 STOCK INDEX APPLICATION

Onur Şeyranlıoğlu; Mehmet Akif Kara; Arif Çilek

Makale detayları

STOCK MARKET PERFORMANCE EVALUATION BASED ON MARKET MULTIPLIERS WITH MEREC AND COPRAS METHODS: BIST-30 STOCK INDEX APPLICATION

Yazarlar:

Onur Şeyranlıoğlu | Mehmet Akif Kara | Arif Çilek

Yayıncı:

Anadolu University

Ana Başlıklar:

Finance

Dergi:

Anadolu Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Vol.25 Issue 1, pp.141-167

Belge Tipi:

Makale

Yayın Tarihi:

3/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001313974

pISSN:

2687-184X

Anahtar kelimeler:

Özet:

 The purpose of this research is to evaluate the stock market performance of 23 companies in the BIST-30 stock index based on market multiples with data for 2021 and 2022 from an investor perspective. The research is based on the assumption that investors would prefer FK, PDDD, FDEBITDA, FDSales criteria to be low and Earnings Per Share EPS criteria to be high in order to find undervalued or overvalued stocks. With the MEREC method, FDSales in 2021 and FDEBITDA in 2022 were determined as important criteria. Relatively cheap and expensive stocks among 23 companies were identified with the COPRAS method. In 2021, SAHOL, KRDMD and TUPRS took the first three places in cheapness; in 2022, TUPRS, SAHOL and KCHOL companies took the first three places. In both years, HEKTS, GUBRF and SASA companies were in the last three ranks as relatively expensive.

 The purpose of this research is to evaluate the stock market performance of 23 companies in the BIST-30 stock index based on market multiples with data for 2021 and 2022 from an investor perspective. The research is based on the assumption that investors would prefer FK, PDDD, FDEBITDA, FDSales criteria to be low and Earnings Per Share EPS criteria to be high in order to find undervalued or overvalued stocks. With the MEREC method, FDSales in 2021 and FDEBITDA in 2022 were determined as important criteria. Relatively cheap and expensive stocks among 23 companies were identified with the COPRAS method. In 2021, SAHOL, KRDMD and TUPRS took the first three places in cheapness; in 2022, TUPRS, SAHOL and KCHOL companies took the first three places. In both years, HEKTS, GUBRF and SASA companies were in the last three ranks as relatively expensive.

 The purpose of this research is to evaluate the stock market performance of 23 companies in the BIST-30 stock index based on market multiples with data for 2021 and 2022 from an investor perspective. The research is based on the assumption that investors would prefer FK, PDDD, FDEBITDA, FDSales criteria to be low and Earnings Per Share EPS criteria to be high in order to find undervalued or overvalued stocks. With the MEREC method, FDSales in 2021 and FDEBITDA in 2022 were determined as important criteria. Relatively cheap and expensive stocks among 23 companies were identified with the COPRAS method. In 2021, SAHOL, KRDMD and TUPRS took the first three places in cheapness; in 2022, TUPRS, SAHOL and KCHOL companies took the first three places. In both years, HEKTS, GUBRF and SASA companies were in the last three ranks as relatively expensive.

 Bu araştırmanın amacı, 2021 ve 2022 yılları verileri ile BİST-30 pay endeksinde yer alan 23 şirketin piyasa çarpanlarına dayalı borsa performanslarının yatırımcı gözüyle değerlendirilmesidir. Araştırma, yatırımcıların düşük ya da yüksek değerlenmiş hisse senetlerini bulmak için FK, PDDD, FDFAVÖK, FDSatışlar kriterlerinin düşük olmasını; Hisse Başı Kâr HBK kriterinin yüksek olmasını tercih edeceği varsayımı üzerine temellendirilmiştir. MEREC yöntemi ile 2021 yılında FDSatışlar, 2022 yılında ise FDFAVÖK önemli kriterler olarak belirlenmiştir. COPRAS yöntemi ile 23 şirket arasında göreceli ucuz ve pahalı pay senetleri tespit edilmiştir. 2021 yılında ucuzlukta ilk üç sırayı SAHOL, KRDMD ve TUPRS; 2022 yılında ise TUPRS, SAHOL ve KCHOL şirketleri almıştır. Her iki yılda da HEKTS, GUBRF ve SASA şirketlerinin göreceli pahalı olarak son üç sırada bulundukları görülmüştür.

Makale detayları

STOCK MARKET PERFORMANCE EVALUATION BASED ON MARKET MULTIPLIERS WITH MEREC AND COPRAS METHODS: BIST-30 STOCK INDEX APPLICATION

Yazarlar:

Onur Şeyranlıoğlu | Mehmet Akif Kara | Arif Çilek

Yayıncı:

Anadolu University

Ana Başlıklar:

Finance

Dergi:

Anadolu Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Vol.25 Issue 1, pp.141-167

Belge Tipi:

Makale

Yayın Tarihi:

3/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001313974

pISSN:

2687-184X

MEREC

COPRAS

Financial Performance

Market Multipliers

Borsa IstanbulMEREC

COPRAS

Finansal Performans

Piyasa Çarpanları

Borsa İstanbul

Sayı

Makale detayları

Yazarlar: Onur Şeyranlıoğlu | Mehmet Akif Kara | Arif Çilek

Yayıncı: Anadolu University

Ana Başlıklar: Finance

Dergi: Anadolu Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Vol.25 Issue 1, pp.141-167

Belge Tipi: Makale

Yayın Tarihi: 3/2024

Belge Dili: Türkçe

Document ID (Org No.): 2001313974

pISSN: 2687-184X

Sayı

Yazarlar:

Onur Şeyranlıoğlu | Mehmet Akif Kara | Arif Çilek

Yayıncı:

Anadolu University

Ana Başlıklar:

Finance

Dergi:

Anadolu Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi Vol.25 Issue 1, pp.141-167

Belge Tipi:

Makale

Yayın Tarihi:

3/2024

Belge Dili:

Türkçe

Document ID (Org No.):

2001313974

pISSN:

2687-184X