Added to YB: 2026-10-01
Pitch date: 2026-09-26
GLYHO.IS [bullish]
Global Yatirim Holding A.S.
+11.89%
current return
Author Info
No bio for this author
Company Info
Global Yatirim Holding A.S., together with its subsidiaries, engages in the port operation, energy generation, natural gas, mining, real estate, brokerage and asset management, and other businesses in Turkey and internationally.
Market Cap
TRY 31.4B
Pitch Price
TRY 15.56
Price Target
N/A
Dividend
N/A
EV/EBITDA
10.39
P/E
5.69
EV/Sales
3.81
Sector
Financial Services
Category
value
Irreplaceable Port Infrastructure Globally, 2.8x EBIDTA (5x rough P/E). Founder who owns 36% (and just bought) is targeting 400-500m EBIDTA by 2029. A 1.6x to 1.3x 2029 multiple.
GLYHO.IS: Global Investment Holdings is a Turkish wrapper around scarce global cruise-port infrastructure, which contributes roughly 70% of EBITDA; its equity trades at about 2.8x annualized attributable EBITDA at TRY15.68. Nassau demonstrates the model: capacity investment expands passenger throughput, while retail and leisure space increase spend per passenger. Projects entering operation in 2026 and higher revenue per passenger support growth, but high leverage, finite concessions and slower-than-planned ancillary maturation remain material risks.
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