TKC
Turkcell Iletisim Hizmetleri A.S.
Telecommunications Services
Market Cap$5.70B
5Y Perf.+26.3%
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Stock Comparison
TKC vs TEF
Revenue, margins, valuation, and 5-year total return — side by side.
TEF
Telefónica, S.A.
Telecommunications Services
Market Cap$24.41B
5Y Perf.-16.0%
TKC vs TEF — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | TKC | TEF |
|---|---|---|
| Industry | Telecommunications Services | Telecommunications Services |
| Market Cap | $5.70B | $24.41B |
| Revenue (TTM) | $212.60B | $38.27B |
| Net Income (TTM) | $15.65B | $-2.12B |
| Gross Margin | 27.6% | 83.7% |
| Operating Margin | 14.6% | 6.9% |
| Forward P/E | 0.2x | 12.5x |
| Total Debt | $104.34B | $45.02B |
| Cash & Equiv. | $68.93B | $8.06B |
TKC vs TEF — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
TKC
TEF
| Stock | May 20 | May 26 | Return |
|---|---|---|---|
| Turkcell Iletisim H… (TKC) | 100 | 126.3 | +26.3% |
| Telefónica, S.A. (TEF) | 100 | 84.0 | -16.0% |
Price return only. Dividends and distributions are not included.
Quick Verdict: TKC vs TEF
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: TKC leads in 6 of 7 categories, making it the strongest pick for growth and revenue expansion and valuation and capital efficiency. Telefónica, S.A. is the stronger pick specifically for capital preservation and lower volatility. As sector peers, any of these can serve as alternatives in the same allocation.
TKC
Turkcell Iletisim Hizmetleri A.S.
The Growth Play
TKC carries the broadest edge in this set and is the clearest fit for growth exposure and long-term compounding.
- Rev growth 55.6%, EPS growth 87.6%, 3Y rev CAGR 15.3%
- -0.8% 10Y total return vs TEF's -17.7%
- Lower volatility, beta 0.60, Low D/E 55.8%, current ratio 1.25x
Best for: growth exposure and long-term compounding
TEF
Telefónica, S.A.
The Income Pick
TEF is the clearest fit if your priority is income & stability and defensive.
- Dividend streak 0 yrs, beta 0.16, yield 8.5%
- Beta 0.16, yield 8.5%, current ratio 0.87x
- Beta 0.16 vs TKC's 0.60
Best for: income & stability and defensive
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | TKC | 55.6% revenue growth vs TEF's 1.6% |
| Value | TKC | Lower P/E (0.2x vs 12.5x) |
| Quality / Margins | TKC | 7.4% margin vs TEF's -5.5% |
| Stability / Safety | TEF | Beta 0.16 vs TKC's 0.60 |
| Dividends | TKC | 2.8% yield, 3-year raise streak, vs TEF's 8.5% |
| Momentum (1Y) | TKC | +17.6% vs TEF's -8.6% |
| Efficiency (ROA) | TKC | 3.7% ROA vs TEF's -2.3%, ROIC 11.8% vs 2.9% |
TKC vs TEF — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLTKCLAGGINGTEF
TEFTelefónica, S.A.
1leads
TKCTurkcell Iletisim Hiz…
3leads
6 Total Categories
CATEGORYLEADERvs TEFMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
TKC3/5
Valuation MetricsMultiples, price ratios, and targets
TEF4/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
TKC8/9
Total Returns1Y, 3Y, 5Y total returns with dividends
TKC6/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
Tied
—
Income & Cash Flow (Last 12 Months)
TKC leads this category, winning 3 of 5 comparable metrics.
Income & Cash Flow (Last 12 Months)
TKC is the larger business by revenue, generating $212.6B annually — 5.6x TEF's $38.3B. TKC is the more profitable business, keeping 7.4% of every revenue dollar as net income compared to TEF's -5.5%. On growth, TKC holds the edge at +48.2% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | TKCTurkcell Iletisim… | TEFTelefónica, S.A. |
|---|---|---|
| RevenueTrailing 12 months | $212.6B | $38.3B |
| EBITDAEarnings before interest/tax | $90.8B | $12.3B |
| Net IncomeAfter-tax profit | $15.6B | -$2.1B |
| Free Cash FlowCash after capex | $107M | $4.0B |
| Gross MarginGross profit ÷ Revenue | +27.6% | +83.7% |
| Operating MarginEBIT ÷ Revenue | +14.6% | +6.9% |
| Net MarginNet income ÷ Revenue | +7.4% | -5.5% |
| FCF MarginFCF ÷ Revenue | +0.1% | +10.5% |
| Rev. Growth (YoY)Latest quarter vs prior year | +48.2% | -6.6% |
| EPS Growth (YoY)Latest quarter vs prior year | -62.3% | — |
TKC leads this category, winning 3 of 5 comparable metrics.
Valuation Metrics
TEF leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
On an enterprise value basis, TKC's 4.8x EV/EBITDA is more attractive than TEF's 5.2x.
| Metric | TKCTurkcell Iletisim… | TEFTelefónica, S.A. |
|---|---|---|
| Market CapShares × price | $5.7B | $24.4B |
| Enterprise ValueMkt cap + debt − cash | $6.5B | $68.0B |
| Trailing P/EPrice ÷ TTM EPS | 10.96x | -65.09x |
| Forward P/EPrice ÷ next-FY EPS est. | 0.24x | 12.47x |
| PEG RatioP/E ÷ EPS growth rate | 0.19x | — |
| EV / EBITDAEnterprise value multiple | 4.77x | 5.15x |
| Price / SalesMarket cap ÷ Revenue | 1.55x | 0.50x |
| Price / BookPrice ÷ Book value/share | 1.38x | 0.91x |
| Price / FCFMarket cap ÷ FCF | 9.85x | 3.98x |
TEF leads this category, winning 4 of 6 comparable metrics.
Profitability & Efficiency
TKC leads this category, winning 8 of 9 comparable metrics.
Profitability & Efficiency
TKC delivers a 7.3% return on equity — every $100 of shareholder capital generates $7 in annual profit, vs $-10 for TEF. TKC carries lower financial leverage with a 0.56x debt-to-equity ratio, signaling a more conservative balance sheet compared to TEF's 1.98x. On the Piotroski fundamental quality scale (0–9), TKC scores 8/9 vs TEF's 6/9, reflecting strong financial health.
| Metric | TKCTurkcell Iletisim… | TEFTelefónica, S.A. |
|---|---|---|
| ROE (TTM)Return on equity | +7.3% | -9.9% |
| ROA (TTM)Return on assets | +3.7% | -2.3% |
| ROICReturn on invested capital | +11.8% | +2.9% |
| ROCEReturn on capital employed | +13.3% | +3.1% |
| Piotroski ScoreFundamental quality 0–9 | 8 | 6 |
| Debt / EquityFinancial leverage | 0.56x | 1.98x |
| Net DebtTotal debt minus cash | $35.4B | $37.0B |
| Cash & Equiv.Liquid assets | $68.9B | $8.1B |
| Total DebtShort + long-term debt | $104.3B | $45.0B |
| Interest CoverageEBIT ÷ Interest expense | 3.07x | 0.80x |
TKC leads this category, winning 8 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
TKC leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in TKC five years ago would be worth $16,225 today (with dividends reinvested), compared to $12,430 for TEF. Over the past 12 months, TKC leads with a +17.6% total return vs TEF's -8.6%. The 3-year compound annual growth rate (CAGR) favors TKC at 18.3% vs TEF's 6.7% — a key indicator of consistent wealth creation.
| Metric | TKCTurkcell Iletisim… | TEFTelefónica, S.A. |
|---|---|---|
| YTD ReturnYear-to-date | +17.0% | +8.3% |
| 1-Year ReturnPast 12 months | +17.6% | -8.6% |
| 3-Year ReturnCumulative with dividends | +65.5% | +21.5% |
| 5-Year ReturnCumulative with dividends | +62.3% | +24.3% |
| 10-Year ReturnCumulative with dividends | -0.8% | -17.7% |
| CAGR (3Y)Annualised 3-year return | +18.3% | +6.7% |
TKC leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
Evenly matched — TKC and TEF each lead in 1 of 2 comparable metrics.
Risk & Volatility
TEF is the less volatile stock with a 0.16 beta — it tends to amplify market swings less than TKC's 0.60 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. TKC currently trades 91.2% from its 52-week high vs TEF's 75.7% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | TKCTurkcell Iletisim… | TEFTelefónica, S.A. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.60x | 0.16x |
| 52-Week HighHighest price in past year | $7.17 | $5.72 |
| 52-Week LowLowest price in past year | $5.35 | $3.67 |
| % of 52W HighCurrent price vs 52-week peak | +91.2% | +75.7% |
| RSI (14)Momentum oscillator 0–100 | 54.1 | 70.2 |
| Avg Volume (50D)Average daily shares traded | 1.1M | 516K |
Evenly matched — TKC and TEF each lead in 1 of 2 comparable metrics.
Analyst Outlook
Evenly matched — TKC and TEF each lead in 1 of 2 comparable metrics.
Analyst Outlook
Wall Street rates TKC as "Buy" and TEF as "Buy". For income investors, TEF offers the higher dividend yield at 8.50% vs TKC's 2.84%.
| Metric | TKCTurkcell Iletisim… | TEFTelefónica, S.A. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | — | — |
| # AnalystsCovering analysts | 17 | 20 |
| Dividend YieldAnnual dividend ÷ price | +2.8% | +8.5% |
| Dividend StreakConsecutive years of raises | 3 | 0 |
| Dividend / ShareAnnual DPS | $8.38 | $0.31 |
| Buyback YieldShare repurchases ÷ mkt cap | +0.1% | 0.0% |
Evenly matched — TKC and TEF each lead in 1 of 2 comparable metrics.
Key Takeaway
TKC leads in 3 of 6 categories (Income & Cash Flow, Profitability & Efficiency). TEF leads in 1 (Valuation Metrics). 2 tied.
Best OverallTurkcell Iletisim Hizmetler… (TKC)Leads 3 of 6 categories
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TKC vs TEF: Frequently Asked Questions
10 questions · data-driven answers · updated daily
01Is TKC or TEF a better buy right now?
For growth investors, Turkcell Iletisim Hizmetleri A.
S. (TKC) is the stronger pick with 55. 6% revenue growth year-over-year, versus 1. 6% for Telefónica, S. A. (TEF). Turkcell Iletisim Hizmetleri A. S. (TKC) offers the better valuation at 11. 0x trailing P/E (0. 2x forward), making it the more compelling value choice. Analysts rate Turkcell Iletisim Hizmetleri A. S. (TKC) a "Buy" — based on 17 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — TKC or TEF?
On forward P/E, Turkcell Iletisim Hizmetleri A.
S. is actually cheaper at 0. 2x.
03Which is the better long-term investment — TKC or TEF?
Over the past 5 years, Turkcell Iletisim Hizmetleri A.
S. (TKC) delivered a total return of +62. 3%, compared to +24. 3% for Telefónica, S. A. (TEF). Over 10 years, the gap is even starker: TKC returned -0. 8% versus TEF's -17. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — TKC or TEF?
By beta (market sensitivity over 5 years), Telefónica, S.
A. (TEF) is the lower-risk stock at 0. 16β versus Turkcell Iletisim Hizmetleri A. S. 's 0. 60β — meaning TKC is approximately 280% more volatile than TEF relative to the S&P 500. On balance sheet safety, Turkcell Iletisim Hizmetleri A. S. (TKC) carries a lower debt/equity ratio of 56% versus 198% for Telefónica, S. A. — giving it more financial flexibility in a downturn.
05Which is growing faster — TKC or TEF?
By revenue growth (latest reported year), Turkcell Iletisim Hizmetleri A.
S. (TKC) is pulling ahead at 55. 6% versus 1. 6% for Telefónica, S. A. (TEF). On earnings-per-share growth, the picture is similar: Turkcell Iletisim Hizmetleri A. S. grew EPS 87. 6% year-over-year, compared to 71. 8% for Telefónica, S. A.. Over a 3-year CAGR, TKC leads at 15. 3% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — TKC or TEF?
Turkcell Iletisim Hizmetleri A.
S. (TKC) is the more profitable company, earning 14. 1% net margin versus -0. 1% for Telefónica, S. A. — meaning it keeps 14. 1% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: TKC leads at 21. 1% versus 5. 8% for TEF. At the gross margin level — before operating expenses — TEF leads at 69. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is TKC or TEF more undervalued right now?
On forward earnings alone, Turkcell Iletisim Hizmetleri A.
S. (TKC) trades at 0. 2x forward P/E versus 12. 5x for Telefónica, S. A. — 12. 2x cheaper on a one-year earnings basis.
08Which pays a better dividend — TKC or TEF?
All stocks in this comparison pay dividends.
Telefónica, S. A. (TEF) offers the highest yield at 8. 5%, versus 2. 8% for Turkcell Iletisim Hizmetleri A. S. (TKC).
09Is TKC or TEF better for a retirement portfolio?
For long-horizon retirement investors, Telefónica, S.
A. (TEF) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 16), 8. 5% yield). Both have compounded well over 10 years (TEF: -17. 7%, TKC: -0. 8%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between TKC and TEF?
Both stocks operate in the Communication Services sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: TKC is a small-cap high-growth stock; TEF is a mid-cap income-oriented stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
Find Stocks Like These
Explore pre-built screens for each stock's profile, or build a custom screen to find stocks that outperform both.
- Sector: Communication Services
- Market Cap > $100B
- Gross Margin > 50%
- Dividend Yield > 3.3%
Revenue Growth>
%
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