Added to YB: 2026-02-12
Pitch date: 2026-02-11
GMTAS.IS [bullish]
Gimat Magazacilik Sanayi ve Ticaret A.S.
-3.8%
current return
Author Info
No bio for this author
Company Info
Gimat Magazacilik Sanayi ve Ticaret A.S. operates as a retailer of food and other consumer products in Turkey.
Market Cap
TRY 8.1B
Pitch Price
TRY 26.84
Price Target
35.88 (+39%)
Dividend
1.11%
EV/EBITDA
23.83
P/E
-120.24
EV/Sales
2.16
Sector
Consumer Staples Distribution and Retail
Category
growth
Gimat Magazacilik Sanayi ve Ticaret A.S. $GMTAS.IS
GMTAS.IS: Ankara wholesaler-turned-retailer w/ 2 stores generating $120M+ sales, $11M PAT (6%+ margin), $1200/sq ft. Flagship store + Arena project worth $175-215M vs $156M mkt cap. Plans 80 stores across Turkey, eyeing Germany (15% Turkish pop). Costco-inspired model: bulk sales, low margins, high inventory turnover. CEO Kesimal holds 25%+ proxies, focused on disciplined expansion. 99% free float (Pabrai 20%+). Moat from cooperative roots, supplier relationships, regional dominance. Risk: over-expansion beyond competence. 30yr compounder entering growth phase.
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