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Ulker Biskuvi Sanayi AS manufactures biscuits, crackers, chocolate, and cake in its half a dozen production facilities in Turkey. Its major brands include Ulker, Alpella, Halk, Kat Tat, and Karsa. The company also has a financial stake in the Godiva brand. Biscuit sales and chocolate sales each account for more than 40% of the company’s total revenue. Substantially all of the remaining revenue is from cake sales. Nearly 90% of the company’s total revenue comes from sales in Turkey. The company is a subsidiary of Yildiz Holding.
1944
9.3K+
LTM Revenue $2.4B
LTM EBITDA $442M
$1.8B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Ülker has a last 12-month revenue (LTM) of $2.4B and a last 12-month EBITDA of $442M.
In the most recent fiscal year, Ülker achieved revenue of $2.2B and an EBITDA of $449M.
Ülker expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Ülker valuation multiples based on analyst estimates| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue | $2.4B | XXX | $2.2B | XXX | XXX | XXX |
| Gross Profit | $2.4B | XXX | $641M | XXX | XXX | XXX |
| Gross Margin | 100% | XXX | 30% | XXX | XXX | XXX |
| EBITDA | $442M | XXX | $449M | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 21% | XXX | XXX | XXX |
| EBIT | $387M | XXX | $349M | XXX | XXX | XXX |
| EBIT Margin | 16% | XXX | 16% | XXX | XXX | XXX |
| Net Profit | $208M | XXX | $189M | XXX | XXX | XXX |
| Net Margin | 9% | XXX | 9% | XXX | XXX | XXX |
| Net Debt | XXX | XXX | $555M | XXX | XXX | XXX |
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As of May 30, 2025, Ülker's stock price is TRY 106 (or $3).
Ülker has current market cap of TRY 39.0B (or $997M), and EV of TRY 70.5B (or $1.8B).
See Ülker trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1.8B | $997M | XXX | XXX | XXX | XXX | $0.57 |
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Start Free TrialAs of May 30, 2025, Ülker has market cap of $997M and EV of $1.8B.
Ülker's trades at 0.8x EV/Revenue multiple, and 4.0x EV/EBITDA.
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 4.8x.
See valuation multiples for Ülker and 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $997M | XXX | $997M | XXX | XXX | XXX |
| EV (current) | $1.8B | XXX | $1.8B | XXX | XXX | XXX |
| EV/Revenue | 0.7x | XXX | 0.8x | XXX | XXX | XXX |
| EV/EBITDA | 4.1x | XXX | 4.0x | XXX | XXX | XXX |
| EV/EBIT | 4.7x | XXX | 5.2x | XXX | XXX | XXX |
| EV/Gross Profit | 0.7x | XXX | n/a | XXX | XXX | XXX |
| P/E | 4.8x | XXX | 5.3x | XXX | XXX | XXX |
| EV/FCF | n/a | XXX | 21.9x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Start Free TrialÜlker's last 12 month revenue growth is 21%
Ülker's revenue per employee in the last FY averaged $0.2M, while opex per employee averaged $31K for the same period.
Ülker's rule of 40 is 39% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Ülker's rule of X is 72% (created by Bessemer, rule of X is another metric relevant for SaaS companies only, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
See operational valuation multiples for Ülker and other 12K+ public comps| LTM | NTM | Last FY | FY 2025 | FY 2026 | FY 2027 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 21% | XXX | 21% | XXX | XXX | XXX |
| EBITDA Margin | 18% | XXX | 21% | XXX | XXX | XXX |
| EBITDA Growth | 22% | XXX | 41% | XXX | XXX | XXX |
| Rule of 40 | 39% | XXX | 42% | XXX | XXX | XXX |
| Bessemer Rule of X | XXX | XXX | 72% | XXX | XXX | XXX |
| Revenue per Employee | XXX | XXX | $0.2M | XXX | XXX | XXX |
| Opex per Employee | XXX | XXX | $31K | XXX | XXX | XXX |
| S&M Expenses to Revenue | XXX | XXX | 9% | XXX | XXX | XXX |
| G&A Expenses to Revenue | XXX | XXX | n/a | XXX | XXX | XXX |
| R&D Expenses to Revenue | XXX | XXX | 0% | XXX | XXX | XXX |
| Opex to Revenue | XXX | XXX | 14% | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Agthia Group | XXX | XXX | XXX | XXX | XXX | XXX |
| Acomo | XXX | XXX | XXX | XXX | XXX | XXX |
| ForFarmers | XXX | XXX | XXX | XXX | XXX | XXX |
| JDE Peets | XXX | XXX | XXX | XXX | XXX | XXX |
| Sligro Food 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.
Ülker acquired XXX companies to date.
Last acquisition by Ülker was XXXXXXXX, XXXXX XXXXX XXXXXX . Ülker acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Start Free Trial| When was Ülker founded? | Ülker was founded in 1944. |
| Where is Ülker headquartered? | Ülker is headquartered in Turkey. |
| How many employees does Ülker have? | As of today, Ülker has 9.3K+ employees. |
| Who is the CEO of Ülker? | Ülker's CEO is Mr. Mete Buyurgan. |
| Is Ülker publicy listed? | Yes, Ülker is a public company listed on IST. |
| 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? | Similar companies to Ülker include e.g. Agthia Group, Acomo, ForFarmers, JDE Peets. |
| What is the current market cap of Ülker? | Ülker's current market cap is $997M |
| What is the current revenue of Ülker? | Ülker's last 12 months revenue is $2.4B. |
| What is the current revenue growth of Ülker? | Ülker revenue growth (NTM/LTM) is 21%. |
| 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 $442M. |
| What is Ülker's EBITDA margin? | Ülker's last 12 months EBITDA margin is 18%. |
| What is the current EV/EBITDA multiple of Ülker? | Current EBITDA multiple of Ülker is 4.1x. |
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