Çelebi Havacılık Valuation Multiples

Çelebi Havacılık is valued at $637M as of October 2026, a 2.1x revenue multiple. In the last fiscal year, Çelebi Havacılık revenue was $368M and Çelebi Havacılık EBITDA was $103M.

Çelebi Havacılık Overview

About Çelebi Havacılık

Celebi Hava Servisi AS is a supplier of ground handling services to the aviation industry. The company's primary operating segment includes Ground Handling Services and Cargo and Warehouse Services. Other services include Bridge operation, Lounge, General Aviation and Platinum. It generates maximum revenue from the Ground Handling Services segment. Geographically, it operates in Turkey, Hungary, India, Spain, Tanzania and Germany.


Founded

1983

HQ

Turkey

Employees

13.7K

Financials (Last FY)

Revenue: $368M
EBITDA: $103M

EV

$787M

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Çelebi Havacılık Financials

Çelebi Havacılık reported last fiscal year revenue of $368M and EBITDA of $103M.

In the same fiscal year, Çelebi Havacılık generated $127M in gross profit, $103M in EBITDA, and $74M in net income.


Çelebi Havacılık P&L

In the most recent fiscal year, Çelebi Havacılık reported revenue of $368M and EBITDA of $103M.

Çelebi Havacılık is profitable as of last fiscal year, with gross margin of 34%, EBITDA margin of 28%, and net margin of 20%.

See analyst estimates for Çelebi Havacılık
Last FY202320242025202620272028
Revenue$368M$227M$401M$368M
Gross Profit$127M$77M$125M$127M
Gross Margin34%34%31%34%
EBITDA$103M$76M$118M$103M
EBITDA Margin28%33%30%28%
EBIT Margin23%23%22%23%
Net Profit$74M$35M$74M$74M
Net Margin20%15%19%20%
Net Debt$66M---

Financial data powered by Morningstar, Inc.

Çelebi Havacılık Stock Performance

Çelebi Havacılık has current market cap of $637M, and enterprise value of $787M.

Market Cap Evolution


Çelebi Havacılık's stock price is $26.19.

Çelebi Havacılık share price decreased by 3.0% in the last 30 days, and by 29.4% in the last year.

Çelebi Havacılık has an EPS (earnings per share) of $3.03.

See more trading valuation data for Çelebi Havacılık
EVMarket CapPrice 1DPrice 1MPrice 3MPrice 12MEPS
$787M$637M-0.0%-3.0%-13.6%-29.4%$3.03

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Çelebi Havacılık Valuation Multiples

Çelebi Havacılık trades at 2.1x EV/Revenue multiple, and 7.6x EV/EBITDA.

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Çelebi Havacılık Financial Valuation Multiples

As of October 19, 2026, Çelebi Havacılık has market cap of $637M and EV of $787M.

Çelebi Havacılık has a P/E ratio of 8.7x.

Last FY202320242025202620272028
EV/Revenue2.1x3.5x2.0x2.1x
EV/EBITDA7.6x10.4x6.7x7.6x
EV/EBIT9.4x14.9x9.0x9.4x
EV/Gross Profit6.2x10.3x6.3x6.2x
P/E8.7x18.3x8.5x8.7x
EV/FCF60.5x19.0x10.9x60.5x

Multiples above and below 250x are considered non-meaningful (n/m). Valuation data powered by FactSet, Inc. and Morningstar, Inc.

Verified Çelebi Havacılık Valuation Multiples

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Çelebi Havacılık Margins & Growth Rates

In the most recent fiscal year, Çelebi Havacılık reported gross margin of 34%, EBITDA margin of 28%, and net margin of 20%.

See estimated margins and future growth rates for Çelebi Havacılık

Çelebi Havacılık Margins

Last FY20242025202720282029
Gross Margin34%31%34%
EBITDA Margin28%30%28%
EBIT Margin23%22%23%
Net Margin20%19%20%
FCF Margin4%18%4%

Çelebi Havacılık Growth Rates

23/2424/2526/2727/2828/29
Revenue Growth77%(8%)
Gross Profit Growth64%1%
EBITDA Growth56%(13%)
EBIT Growth66%(4%)
Net Profit Growth114%(1%)
FCF Growth75%(82%)

Data powered by FactSet, Inc. and Morningstar, Inc.

Çelebi Havacılık Operational KPIs

Çelebi Havacılık's revenue per employee in the last FY averaged $0.0M, while opex per employee averaged $0.0M for the same period.

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Last FY202320242025202620272028
Revenue per Employee$0.0M---
Opex per Employee$0.0M---
G&A Expenses to Revenue1%5%5%1%
Opex to Revenue12%11%9%12%

Data powered by FactSet, Inc. and Morningstar, Inc.

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Çelebi Havacılık Competitors

Çelebi Havacılık competitors include Belgrade Nikola Tesla Airport, Beijing Airport, Chorus Aviation, GMR Power and Urban Infra, Toscana Aeroporti, Aeroporto di Bologna, Sky Harbour Group, LES Info, HAITE High-Tech and Saudi Ground Services.

Most Çelebi Havacılık public comparables operate across Airports & Aviation Services.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Belgrade Nikola Tesla Airport$15M$9M45.6x-70.8x-
Beijing Airport$843M$196M2.5x2.4x10.6x8.2x
Chorus Aviation$929M$155M0.7x0.7x4.4x5.0x
GMR Power and Urban Infra$760M$289M2.5x2.5x6.7x11.6x
Toscana Aeroporti$168M$48M2.1x3.2x7.3x11.2x
Aeroporto di Bologna$230M$57M1.9x2.1x7.5x7.0x
Sky Harbour Group$28M$15M35.8x26.0x67.1x(301.0x)
LES Info$191M$10M4.3x4.1x79.7x47.8x

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Acquisitions by Çelebi Havacılık

Çelebi Havacılık has acquired 3 companies to date.

Last acquisition by Çelebi Havacılık was on October 27th 2025. Çelebi Havacılık acquired Transglobal Cargo Centre for $40M (EV/Revenue multiple available to Pro users).

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Latest Acquisitions by Çelebi Havacılık

Transglobal Cargo Centre
PT Prathita Titiannusantara
Aviapartner Cargo
Description
Transglobal Cargo Centre is a Kenyan air cargo and ground handling company operating at Jomo Kenyatta International Airport in Nairobi. Trading as Africa Flight Services, it provides cargo terminal handling, bonded warehousing, cool-chain storage and ramp services to airlines and freight forwarders moving horticultural produce, general cargo and pharmaceuticals through Kenya's principal aviation gateway. Jomo Kenyatta International handles a large share of Kenya's annual air cargo volume of roughly 400,000 tonnes, a substantial part of it perishable exports flown to Europe and the Middle East. Revenue comes from handling, build-up, break-down and storage fees charged per tonne and per shipment under contracts with carriers and forwarders. The company was acquired in full by Celebi Cargo GmbH, the German cargo handling subsidiary of Turkiye's Celebi Aviation Holding, in a transaction valued at EUR 34.5 million and cleared by the Competition Authority of Kenya in January 2026. Celebi said the business was expected to generate revenue of about EUR 15.9 million within five years of the purchase.
PT Prathita Titiannusantara is an Indonesian airport ground handling company that provides ramp, passenger and cargo services to airlines. Known in the market as PTN, the business operates at 26 airports across Indonesia, a network that its acquirer said gives access to roughly 76 percent of the country's aviation market, equivalent to around 650,000 flights in 2023. Its services cover aircraft loading and unloading, baggage handling, passenger check-in support, apron and ramp operations and cargo handling under contracts with domestic and international carriers. Revenue is earned from per-turnaround and per-flight service charges billed to airline customers, so the business scales with flight frequency at the airports it serves. The company had registered capital of IDR 650 million before the change of ownership and was bought in full by Celebi Hava Servisi, the Borsa Istanbul-listed ground handling arm of Celebi Aviation Holding. Celebi projected that PTN would contribute average annual revenue of about EUR 14 million over the following five years and planned some EUR 27 million of ground support equipment investment across that period.
Aviapartner Cargo is a German air cargo handling business that operated warehouse and ramp cargo services at Frankfurt and Frankfurt-Hahn airports. The company was the German cargo arm of Aviapartner, the Brussels-based independent airport ground handling group, and handled roughly 125,000 tonnes of air freight a year before it changed hands. It controlled up to 35,000 square metres of covered warehousing across the two airports, including a facility in Frankfurt's CargoCity Sud with direct access to the cargo apron, which removed the cost of trucking consignments between warehouse and aircraft. At Frankfurt-Hahn it ran a consolidation hub for Air France Cargo that channelled shipments from Germany, Poland, the Czech Republic and Austria to Paris Roissy. The business employed around 400 people and reported turnover of about EUR 12.6 million in the year before the sale. It earns revenue from handling, build-up, break-down and storage fees charged to airlines and freight forwarders on a per-shipment and per-tonne basis. Following the acquisition it was rebranded as Celebi Cargo.
HQ CountryKenyaIndonesiaGermany
HQ City
Nairobi
-
Frankfurt
Deal Date27 Oct 202525 Dec 202319 Feb 2014
Valuation$40M$2M$6M
EV/Revenue
EV/EBITDA

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About Çelebi Havacılık

When was Çelebi Havacılık founded?Çelebi Havacılık was founded in 1983.
Where is Çelebi Havacılık headquartered?Çelebi Havacılık is headquartered in Turkey.
How many employees does Çelebi Havacılık have?As of today, Çelebi Havacılık has over 13K employees.
Is Çelebi Havacılık publicly listed?Yes, Çelebi Havacılık is a public company listed on Borsa Istanbul.
What is the stock symbol of Çelebi Havacılık?Çelebi Havacılık trades under CLEBI ticker.
When did Çelebi Havacılık go public?Çelebi Havacılık went public in 1996.
Who are competitors of Çelebi Havacılık?Çelebi Havacılık main competitors include Belgrade Nikola Tesla Airport, Beijing Airport, Chorus Aviation, GMR Power and Urban Infra, Toscana Aeroporti, Aeroporto di Bologna, Sky Harbour Group, LES Info, HAITE High-Tech, Saudi Ground Services.
What is the current market cap of Çelebi Havacılık?Çelebi Havacılık's current market cap is $637M.
What is the current revenue of Çelebi Havacılık?Çelebi Havacılık's last fiscal year revenue is $368M.
What is the current EV/Revenue multiple of Çelebi Havacılık?Current revenue multiple of Çelebi Havacılık is 2.1x.
Is Çelebi Havacılık profitable?No, Çelebi Havacılık is not profitable.
How many companies Çelebi Havacılık has acquired to date?As of October 2026, Çelebi Havacılık has acquired 3 companies.
What was the largest acquisition by Çelebi Havacılık?$40M acquisition of Transglobal Cargo Centre on 27th October 2025 was the largest M&A Çelebi Havacılık has done to date.
What companies Çelebi Havacılık acquired?Çelebi Havacılık acquired Transglobal Cargo Centre, Aviapartner Cargo, and PT Prathita Titiannusantara.
In how many companies Çelebi Havacılık has invested to date?Çelebi Havacılık hasn't invested in any companies yet (or none have been disclosed publicly).

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