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Ülker Valuation Multiples
Discover revenue and EBITDA valuation multiples for Ülker and similar public comparables like Mission Produce, Simply Good Foods, AG Barr, Aker BioMarine and more.
Ülker Overview
About Ülker
Ulker Biskuvi Sanayi AS is engaged in manufacturing marketing, and sale of biscuits, chocolate-coated biscuits, wafers, cakes, and chocolate. The brands of the company include Ulker, Alpella, Albeni, Dido, Laviva, Cocostar, Godiva, Piko, Buklet, and others. Substantially all of the remaining revenue is from cake sales. The company earns majority of its revenue from domestic market.
Founded
1975
HQ
Employees
10.3K
Website
Sectors
Financials (LTM)
EV
$2B
Ülker Financials
Ülker reported last 12-month revenue of $3B and EBITDA of $454M.
In the same LTM period, Ülker generated $767M in gross profit, $454M in EBITDA, and $139M in net income.
Revenue (LTM)
Ülker P&L
In the most recent fiscal year, Ülker reported revenue of $3B and EBITDA of $418M.
Ülker expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $3B | XXX | $3B | XXX | XXX | XXX |
| Gross Profit | $767M | XXX | $721M | XXX | XXX | XXX |
| Gross Margin | 28% | XXX | 28% | XXX | XXX | XXX |
| EBITDA | $454M | XXX | $418M | XXX | XXX | XXX |
| EBITDA Margin | 17% | XXX | 16% | XXX | XXX | XXX |
| EBIT Margin | 14% | XXX | 14% | XXX | XXX | XXX |
| Net Profit | $139M | XXX | $111M | XXX | XXX | XXX |
| Net Margin | 5% | XXX | 4% | XXX | XXX | XXX |
| Net Debt | — | — | $759M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Ülker Stock Performance
Ülker has current market cap of $1B, and enterprise value of $2B.
Market Cap Evolution
Ülker's stock price is $2.78.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $2B | $1B | 0.0% | XXX | XXX | XXX | $0.30 |
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Start Free TrialÜlker Valuation Multiples
Ülker trades at 0.7x EV/Revenue multiple, and 3.9x EV/EBITDA.
EV / Revenue (LTM)
Ülker Financial Valuation Multiples
As of April 20, 2026, Ülker has market cap of $1B and EV of $2B.
Equity research analysts estimate Ülker's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Ülker has a P/E ratio of 7.4x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV (current) | $2B | XXX | $2B | XXX | XXX | XXX |
| EV/Revenue | 0.7x | XXX | 0.7x | XXX | XXX | XXX |
| EV/EBITDA | 3.9x | XXX | 4.3x | XXX | XXX | XXX |
| EV/EBIT | 4.6x | XXX | 4.9x | XXX | XXX | XXX |
| EV/Gross Profit | 2.3x | XXX | 2.5x | XXX | XXX | XXX |
| P/E | 7.4x | XXX | 9.3x | XXX | XXX | XXX |
| EV/FCF | 14.5x | XXX | 18.9x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Ülker 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.
Ülker Margins & Growth Rates
Ülker's revenue in the last 12 month grew by 24%.
Ülker's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $0.0M for the same period.
Ülker's rule of 40 is 45% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Ülker's rule of X is 86% (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).
Ülker Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 24% | XXX | 25% | XXX | XXX | XXX |
| EBITDA Margin | 17% | XXX | 16% | XXX | XXX | XXX |
| EBITDA Growth | 27% | XXX | 29% | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 45% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 86% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $0.0M | XXX | XXX | XXX |
| S&M Expenses to Revenue | — | XXX | 10% | XXX | XXX | XXX |
| G&A Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| R&D Expenses to Revenue | — | XXX | 1% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 15% | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Ülker Public Comps
See public comps and valuation multiples for other Food & Beverages comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Ülker | XXX | XXX | XXX | XXX | XXX | XXX |
| Mission Produce | XXX | XXX | XXX | XXX | XXX | XXX |
| Simply Good Foods | XXX | XXX | XXX | XXX | XXX | XXX |
| AG Barr | XXX | XXX | XXX | XXX | XXX | XXX |
| Aker BioMarine | XXX | XXX | XXX | XXX | XXX | XXX |
| Neto Malinda Trading | 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.
Ülker M&A Activity
Ülker acquired XXX companies to date.
Last acquisition by Ülker was on XXXXXXXX, XXXXX. Ülker acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Ülker
| 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 TrialÜlker Investment Activity
Ülker invested in XXX companies to date.
Ülker made its latest investment on XXXXXXXX, XXXXX. Ülker invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Ülker
| 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 Ülker
| When was Ülker founded? | Ülker was founded in 1975. |
| Where is Ülker headquartered? | Ülker is headquartered in Turkey. |
| How many employees does Ülker have? | As of today, Ülker has over 10K employees. |
| Who is the CEO of Ülker? | Ülker's CEO is Mete Buyurgan. |
| Is Ülker publicly listed? | Yes, Ülker is a public company listed on Borsa Istanbul. |
| What is the stock symbol of Ülker? | Ülker trades under ULKER ticker. |
| When did Ülker go public? | Ülker went public in 2004. |
| Who are competitors of Ülker? | Ülker main competitors are Mission Produce, Simply Good Foods, AG Barr, Aker BioMarine. |
| What is the current market cap of Ülker? | Ülker's current market cap is $1B. |
| What is the current revenue of Ülker? | Ülker's last 12 months revenue is $3B. |
| What is the current revenue growth of Ülker? | Ülker revenue growth (NTM/LTM) is 24%. |
| What is the current EV/Revenue multiple of Ülker? | Current revenue multiple of Ülker is 0.7x. |
| Is Ülker profitable? | Yes, Ülker is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Ülker? | Ülker's last 12 months EBITDA is $454M. |
| What is Ülker's EBITDA margin? | Ülker's last 12 months EBITDA margin is 17%. |
| What is the current EV/EBITDA multiple of Ülker? | Current EBITDA multiple of Ülker is 3.9x. |
| What is the current FCF of Ülker? | Ülker's last 12 months FCF is $123M. |
| What is Ülker's FCF margin? | Ülker's last 12 months FCF margin is 5%. |
| What is the current EV/FCF multiple of Ülker? | Current FCF multiple of Ülker is 14.5x. |
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