Migros Ticaret A.S. (MGROS.IS) stock analysis

In our weekly check, Migros Ticaret A.S. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 18 pass, warnings: 1, red flags: 6.

About Migros Ticaret A.S.

Migros Ticaret A.S. is a Consumer Defensive company (Grocery Stores), listed on IST as MGROS.IS.

What our checks show for MGROS.IS

Red flags

• The company has net debt but no positive operating earnings (EBITDA) to service it from (debt/equity 0.42).
• Operating profit does not cover the interest bill (-0.9x): interest is paid from cash or new debt.
• The gross margin fell by 3.8 points, to 20.4%: costs are rising faster than prices.
• The net margin is only 1.3%: little room if costs rise.
• The stock has fallen as much as 70% from a peak. Would you have held through that?
• Return on capital (ROCE) is zero or negative: the business does not earn on the money put into it.

Warning signs

• A small company (market value $1.66 billion): usually riskier and followed by fewer analysts.

Strengths

• The net margin rose by 0.3 points over 5 years, to 1.3%.
• Operating cash flow is 6.49x net profit: the profit arrives as real cash.
• Analysts expect earnings per share to grow about 36.1% a year over the next years.
• Analysts expect revenue to grow about 30.9% a year over the next years.
• Revenue grew 83.2% a year over the last 3 years.
• Earnings per share grew 31.8% a year over the last 3 years.

Similar companies

L.TO · CHDRAUIB.MX · AXFO.ST · JMT.WA · WOW.AX

Questions

What grade does Migros Ticaret A.S. (MGROS.IS) have?

In our weekly check, Migros Ticaret A.S. is graded B (A to F). Of 25 checks on debt, profit, cash flow and trend: 18 pass, warnings: 1, red flags: 6. The grade is a risk check, not a buy or sell recommendation.

What are the main risks of MGROS.IS stock?

This week's biggest flags for Migros Ticaret A.S.: High debt, Weak interest cover, Gross margin falling. In total 7 of 25 checks show a warning or a red flag.

What does Migros Ticaret A.S. do?

Migros Ticaret A.S. is a Consumer Defensive company (Grocery Stores), listed on IST as MGROS.IS.

The grade is a risk check, not a price forecast, and not investment advice. In our 10-year test (S&P 500, 2016-2026), stocks we graded A or B fell more than 30% 2-3 times less often than D or F, without a lower average return.

Updated 2026-11-07

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