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D-MARKET Electronic Services & Trading ADR (HEPS)

D-MARKET Electronic Services & Trading ADR (NASDAQ: HEPS) is a depositary receipt tied to D-Market Elektronik Hizmetler ve Ticaret A.S., an e-commerce company based in Istanbul, Turkey. Through its main platform, hepsiburada.com, the business sells a broad range of products including electronics, books, toys, sports goods, baby items, cosmetics, and furniture. Its ecosystem also includes Hepsiburada Market for on-demand delivery, HepsiJet for last-mile delivery, HepsiLojistik for fulfillment, HepsiMat for pick-up and drop-off points, HepsiAd for advertising services, Hepsipay and Hepsifinans for payment and lending-related services, and Hepsiburada Seyahat for online airline ticket purchases. The company was incorporated in 2000 and is a subsidiary of Joint Stock Company Kaspi.kz.


Stock Summary Fair Value Profitability & Growth Quality & Risk Events & Dividends Market Outlook FAQ

Jump directly to the stock analysis sections supported by the latest available data.

Data update note: Fair value and stock analysis metrics are updated after regular market sessions when new data becomes available.
Ticker Fair Value Fair Value Upside/Downside Fair Value Rating Analyst Price Target Analyst Target Upside/Downside Analyst Target Rating Overall Financial Health Dividend Yield Next Earnings Date Price-to-Sales Ratio Market Cap Enterprise Value Total Debt / Total Capital Free Float / Shares Outstanding Altman Z-Score Free Cash Flow / Net Income
NASDAQ-HEPS
$2.39
-14.6% Downside
Fair
$3.29
17.5% Upside
Fair
Fair
0.0%
December 8, 2026
0.7x
1.2 B
1.127 B
3.8%
6.5%
-1.8
-83.9%
Valuation • Fair Value

D-MARKET Electronic Services & Trading ADR (NASDAQ-HEPS) Fair Value by Valuation Model

Review the available estimates for D-MARKET Electronic Services & Trading ADR (NASDAQ-HEPS), including EPV Fair Value, Comps Fair Value.

Primary Valuation Read

Fair Value

$2.39

Estimated downside of 14.6% versus the current market price.

Fair Value Confidence

Med

Confidence level for the primary fair value estimate.

EPV Fair Value

$1.75

Earnings power value estimate.

Comps Fair Value

$2.50

Comparable-company valuation reference.

Analyst Price Target

$3.29

Analysts imply upside of 17.5%.

How to read these valuation models

Use the 5 available valuation references for D-MARKET Electronic Services & Trading ADR (NASDAQ-HEPS) as analytical inputs, not a standalone conclusion. Valuation methods can differ because they rely on different assumptions, time horizons and financial inputs; compare the estimates with the current price and the company’s financial quality.

Profitability • Growth

Profitability & Growth for D-MARKET Electronic Services & Trading ADR (NASDAQ-HEPS)

Review the profitability and growth indicators currently supported by the latest data.

Revenue

1.928 B

Current operating scale indicator.

Revenue Forecast

2.285 B

Forward revenue estimate.

EBITDA

-39.684 M

Current operating profitability reference.

EBITDA Forecast

23.346 M

Forward operating profitability estimate.

How to read profitability and growth

This section helps investors review D-MARKET Electronic Services & Trading ADR (NASDAQ-HEPS) from an operating perspective by combining current scale, forward revenue expectations and EBITDA-related profitability measures.

Quality • Risk

Quality & Financial Risk for D-MARKET Electronic Services & Trading ADR (NASDAQ-HEPS)

Review the financial quality and risk indicators currently supported by the latest data.

Financial Health

Fair

Mixed or neutral financial-health read.

Piotroski Score

4

Mid-range quality score.

Beneish M-Score

-4.51

No elevated caution signal from this screen.

Altman Z-Score

-1.8

Lower score that deserves closer risk review.

FCF / Net Income

-83.9%

Cash conversion quality indicator.

How to read quality and risk

This section combines quality, balance-sheet and accounting-risk indicators for D-MARKET Electronic Services & Trading ADR (NASDAQ-HEPS). Read the metrics together: no single score is a complete investment conclusion, but the combined view can highlight financial strength, earnings quality and areas that may deserve closer review.

Events • Dividends

Upcoming Events & Dividends for D-MARKET Electronic Services & Trading ADR (NASDAQ-HEPS)

Track the upcoming dates and dividend metrics currently supported by the latest data.

Next Earnings Date

December 8, 2026

Days to Earnings

45

Dividend Yield

0.0%

No current dividend yield is indicated.

How to read events and dividends

This section helps investors track time-sensitive items for D-MARKET Electronic Services & Trading ADR (NASDAQ-HEPS), including the next earnings date and dividend-related milestones. These items can matter for short-term volatility, income planning and event-driven positioning.

Stock Forecast • Technical Outlook

D-MARKET Electronic Services & Trading ADR (NASDAQ-HEPS) Stock Forecast & Technical Outlook

Review D-MARKET Electronic Services & Trading ADR (NASDAQ-HEPS) across multiple technical time frames, alongside analyst recommendation data, to form a faster read on market positioning and near-term sentiment.

Technical Signals by Time Frame

Switch between time frames to review the current technical signal for the stock.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: 15-minute • intraday
Strong Buy

The 15-minute technical read for D-MARKET Electronic Services & Trading ADR (NASDAQ-HEPS) is currently Strong Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: 1-hour • short-term
Strong Buy

The 1-hour technical read for D-MARKET Electronic Services & Trading ADR (NASDAQ-HEPS) is currently Strong Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: daily • daily
Strong Buy

The daily technical read for D-MARKET Electronic Services & Trading ADR (NASDAQ-HEPS) is currently Strong Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: weekly • weekly
Strong Buy

The weekly technical read for D-MARKET Electronic Services & Trading ADR (NASDAQ-HEPS) is currently Strong Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Strong Sell Sell Neutral Buy Strong Buy
Time frame: monthly • monthly
Buy

The monthly technical read for D-MARKET Electronic Services & Trading ADR (NASDAQ-HEPS) is currently Buy. Use it as a timing signal only, and compare it with valuation, fundamentals and upcoming events before drawing a broader view.

Analyst Consensus for D-MARKET Electronic Services & Trading ADR (NASDAQ-HEPS)

A consolidated view of buy, hold and sell recommendations based on the currently available analyst data.

Strong Sell Sell Neutral Buy Strong Buy
Consolidated analyst recommendation mix
Buy

Based on the available recommendation mix, D-MARKET Electronic Services & Trading ADR (NASDAQ-HEPS) has a Buy consensus, with 1 buy, 1 hold and 0 sell recommendations in the current data set.

Buy 1
Hold 1
Sell 0
FAQ • Fast Investor Answers

D-MARKET Electronic Services & Trading ADR (NASDAQ-HEPS) Stock FAQ

Data-supported answers about D-MARKET Electronic Services & Trading ADR (NASDAQ-HEPS), including explicit coverage status where a reliable valuation estimate is not currently available.

Fair Value
$2.39
Estimated downside 14.6%
Valuation Rating
Overvalued
Estimated downside of 14.6%
Analyst Target
$3.29
Implied upside 17.5%
Financial Health
Fair
Current financial-health read

The current fair value estimate for D-MARKET Electronic Services & Trading ADR (NASDAQ-HEPS) is $2.39. This implies an estimated downside of 14.6% versus the current market price.

Based on the current fair value estimate, the stock appears overvalued, with estimated downside of 14.6% versus the current market price.

The available analyst price target for D-MARKET Electronic Services & Trading ADR (NASDAQ-HEPS) is $3.29. The analyst target implies estimated upside of 17.5%.

The current financial health read for D-MARKET Electronic Services & Trading ADR (NASDAQ-HEPS) is Fair. This should be reviewed alongside valuation, profitability, debt and cash-flow quality metrics.

The next earnings date currently listed for D-MARKET Electronic Services & Trading ADR (NASDAQ-HEPS) is December 8, 2026.

The latest available data indicates no current dividend yield for D-MARKET Electronic Services & Trading ADR (NASDAQ-HEPS).

The current market capitalization listed for D-MARKET Electronic Services & Trading ADR is 1.2 B.

The current enterprise value listed for D-MARKET Electronic Services & Trading ADR is 1.127 B. Enterprise value can provide a broader valuation view than market capitalization alone because it also considers net debt.

The ticker symbol for D-MARKET Electronic Services & Trading ADR is NASDAQ-HEPS, and the stock is listed on NASDAQ.

D-MARKET Electronic Services & Trading ADR (NASDAQ-HEPS) is listed on NASDAQ.

The current debt-to-total-capital ratio listed for D-MARKET Electronic Services & Trading ADR is 3.8%, which helps investors evaluate the company’s financing structure and leverage profile.

The free float listed for D-MARKET Electronic Services & Trading ADR is 6.5%. Free float helps investors understand how much of the share base is available for public trading.

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