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Hepsiburada Valuation Multiples
Discover revenue and EBITDA valuation multiples for Hepsiburada and similar public comparables like Jumia Technologies AG, Dmall, Newegg, SFC Holdings and more.
Hepsiburada Overview
About Hepsiburada
D-MARKET Electronic Services & Trading offers an e-commerce platform in Turkey and the surrounding region. The company is comprised of one reportable segment, namely e-commerce operations. The Group derives revenue from the sales of goods, marketplace revenues and other revenues.
Founded
2000
HQ
Employees
3.7K
Website
Financials (LTM)
EV
$732M
Hepsiburada Financials
Hepsiburada reported last 12-month revenue of $2B and EBITDA of $36M.
In the same LTM period, Hepsiburada generated $36M in EBITDA and had net loss of ($114M).
Revenue (LTM)
Hepsiburada P&L
In the most recent fiscal year, Hepsiburada reported revenue of $1B and EBITDA of $74M.
Hepsiburada expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $2B | XXX | $1B | XXX | XXX | XXX |
| Gross Profit | — | XXX | $480M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 37% | XXX | XXX | XXX |
| EBITDA | $36M | XXX | $74M | XXX | XXX | XXX |
| EBITDA Margin | 2% | XXX | 6% | XXX | XXX | XXX |
| EBIT Margin | (2%) | XXX | 0% | XXX | XXX | XXX |
| Net Profit | ($114M) | XXX | ($36M) | XXX | XXX | XXX |
| Net Margin | (5%) | XXX | (3%) | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Hepsiburada Stock Performance
Hepsiburada has current market cap of $977M, and enterprise value of $732M.
Market Cap Evolution
Hepsiburada's stock price is $2.70.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $732M | $977M | 0.0% | XXX | XXX | XXX | $-0.10 |
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Start Free TrialHepsiburada Valuation Multiples
Hepsiburada trades at 0.4x EV/Revenue multiple, and 20.4x EV/EBITDA.
EV / Revenue (LTM)
Hepsiburada Financial Valuation Multiples
As of April 7, 2026, Hepsiburada has market cap of $977M and EV of $732M.
Equity research analysts estimate Hepsiburada's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Hepsiburada has a P/E ratio of (8.6x).
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $977M | XXX | $977M | XXX | XXX | XXX |
| EV (current) | $732M | XXX | $732M | XXX | XXX | XXX |
| EV/Revenue | 0.4x | XXX | 0.6x | XXX | XXX | XXX |
| EV/EBITDA | 20.4x | XXX | 9.8x | XXX | XXX | XXX |
| EV/EBIT | (17.5x) | XXX | 396.8x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 1.5x | XXX | XXX | XXX |
| P/E | (8.6x) | XXX | (27.1x) | XXX | XXX | XXX |
| EV/FCF | — | XXX | 8.8x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Hepsiburada Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.
Hepsiburada Margins & Growth Rates
Hepsiburada's revenue in the last 12 month grew by 25%.
Hepsiburada's revenue per employee in the last FY averaged $0.3M, while opex per employee averaged $0.1M for the same period.
Hepsiburada's rule of 40 is 31% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Hepsiburada's rule of X is 73% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Hepsiburada Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 25% | XXX | 50% | XXX | XXX | XXX |
| EBITDA Margin | 2% | XXX | 6% | XXX | XXX | XXX |
| EBITDA Growth | 107% | XXX | (62%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 31% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 73% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.3M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.1M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 18% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 12% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 37% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Hepsiburada Public Comps
See public comps and valuation multiples for other Consumer E-commerce and Horizontal E-commerce comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Jumia Technologies AG | XXX | XXX | XXX | XXX | XXX | XXX |
| Dmall | XXX | XXX | XXX | XXX | XXX | XXX |
| Newegg | XXX | XXX | XXX | XXX | XXX | XXX |
| SFC Holdings | XXX | XXX | XXX | XXX | XXX | XXX |
| Moonpig Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Hepsiburada M&A Activity
Hepsiburada acquired XXX companies to date.
Last acquisition by Hepsiburada was on XXXXXXXX, XXXXX. Hepsiburada acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Hepsiburada
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialHepsiburada Investment Activity
Hepsiburada invested in XXX companies to date.
Hepsiburada made its latest investment on XXXXXXXX, XXXXX. Hepsiburada invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Hepsiburada
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Hepsiburada
| When was Hepsiburada founded? | Hepsiburada was founded in 2000. |
| Where is Hepsiburada headquartered? | Hepsiburada is headquartered in Turkey. |
| How many employees does Hepsiburada have? | As of today, Hepsiburada has over 3K employees. |
| Who is the CEO of Hepsiburada? | Hepsiburada's CEO is Nilhan Onal Gokcetekin. |
| Is Hepsiburada publicly listed? | Yes, Hepsiburada is a public company listed on Nasdaq. |
| What is the stock symbol of Hepsiburada? | Hepsiburada trades under HEPS ticker. |
| When did Hepsiburada go public? | Hepsiburada went public in 2021. |
| Who are competitors of Hepsiburada? | Hepsiburada main competitors are Jumia Technologies AG, Dmall, Newegg, SFC Holdings. |
| What is the current market cap of Hepsiburada? | Hepsiburada's current market cap is $977M. |
| What is the current revenue of Hepsiburada? | Hepsiburada's last 12 months revenue is $2B. |
| What is the current revenue growth of Hepsiburada? | Hepsiburada revenue growth (NTM/LTM) is 25%. |
| What is the current EV/Revenue multiple of Hepsiburada? | Current revenue multiple of Hepsiburada is 0.4x. |
| Is Hepsiburada profitable? | Yes, Hepsiburada is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Hepsiburada? | Hepsiburada's last 12 months EBITDA is $36M. |
| What is Hepsiburada's EBITDA margin? | Hepsiburada's last 12 months EBITDA margin is 2%. |
| What is the current EV/EBITDA multiple of Hepsiburada? | Current EBITDA multiple of Hepsiburada is 20.4x. |
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