Equity Analysis /
Turkey

Sisecam: A landmark deal for SISE

  • We are revising up our 12-mnth TP by 54% to TL24.4 from TL15.8, implying 66% upside potential

  • SISE decided to acquire 60% of Ciner Group's soda business operations in USA, by paying US$450mn

  • Based on our 2022E estimates, SISE is currently trading at 4.1x EV/EBITDA and 6.8x P/E multiples

Aytunc Uz
Aytunc Uz

Equity Research Analyst

ATA Invest
9 December 2021
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