Izmir Demir Celiknayi AS (IST:IZMDC) Debt-to-EBITDA : 5.18 (As of Mar. 2026) — 42% Above Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

IST:IZMDC Izmir Demir Celik Sanayi AS IST:IZMDC
37 GF Score
Price ₺12.97
GF Value ₺6.89
Valuation Significantly Overvalued
! 9 Warning Signs
View Full Analysis

What is Izmir Demir Celiknayi AS Debt-to-EBITDA?

Izmir Demir Celiknayi AS IST:IZMDC -3.57% 37 Debt-to-EBITDA is 5.18 as of Mar. 2026, which is 42% above its 10-year median of 3.66. GuruFocus rates IST:IZMDC with a GF Score™ of 37/100 and a GF Value™ of ₺6.89 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 496 Steel companies, Izmir Demir Celiknayi AS ranks worse than 76.81% on this metric.

Debt-to-EBITDA measures a company's ability to pay off its debt.

Izmir Demir Celiknayi AS's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₺23,724 Mil. Izmir Demir Celiknayi AS's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2026 was ₺3,207 Mil. Izmir Demir Celiknayi AS's annualized EBITDA for the quarter that ended in Mar. 2026 was ₺5,198 Mil. Izmir Demir Celiknayi AS's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 was 5.18.

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt. According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.

The historical rank and industry rank for Izmir Demir Celiknayi AS's Debt-to-EBITDA or its related term are showing as below:

IST:IZMDC' s Debt-to-EBITDA Range Over the Past 10 Years
Min: -19.05   Med: 3.66   Max: 25.13
Current: 6.72

During the past 13 years, the highest Debt-to-EBITDA Ratio of Izmir Demir Celiknayi AS was 25.13. The lowest was -19.05. And the median was 3.66.

IST:IZMDC's Debt-to-EBITDA is ranked worse than
76.81% of 496 companies
in the Steel industry
Industry Median: 2.935 vs IST:IZMDC: 6.72

Izmir Demir Celiknayi AS  (IST:IZMDC) Debt-to-EBITDA Explanation

In the calculation of Debt-to-EBITDA, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by EBITDA. In some calculations, Total Liabilities is used to for calculation.


Be Aware

A high Debt-to-EBITDA ratio generally means that a company may spend more time to paying off its debt.

According to Joel Tillinghast's BIG MONEY THINKS SMALL: Biases, Blind Spots, and Smarter Investing, a ratio of Debt-to-EBITDA exceeding four is usually considered scary unless tangible assets cover the debt.


Izmir Demir Celiknayi AS Debt-to-EBITDA Related Terms


Izmir Demir Celiknayi AS Debt-to-EBITDA Historical Data

* Premium members only.

The historical data trend for Izmir Demir Celiknayi AS's Debt-to-EBITDA can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Izmir Demir Celiknayi AS Debt-to-EBITDA Chart

Izmir Demir Celiknayi AS Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Debt-to-EBITDA
Get a 7-Day Free Trial Premium Member Only Premium Member Only -12.50 2.18 5.14 18.57 6.11

Izmir Demir Celiknayi AS Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Debt-to-EBITDA Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.22 -176.23 2.82 11.94 5.18

IST:IZMDC vs NUE, STLD, RS: Debt-to-EBITDA Comparison

For the Steel subindustry, Izmir Demir Celiknayi AS's Debt-to-EBITDA, along with its competitors' market caps and Debt-to-EBITDA data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Izmir Demir Celiknayi AS Debt-to-EBITDA vs Steel Industry

For the Steel industry and Basic Materials sector, Izmir Demir Celiknayi AS's Debt-to-EBITDA distribution charts can be found below:

* The bar in red indicates where Izmir Demir Celiknayi AS's Debt-to-EBITDA falls into.


IST:IZMDC
37GF Score
Izmir Demir Celik Sanayi AS IST:IZMDC
Debt-to-EBITDA is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Izmir Demir Celiknayi AS Debt-to-EBITDA Calculation

Debt-to-EBITDA measures a company's ability to pay off its debt.

Izmir Demir Celiknayi AS's Debt-to-EBITDA for the fiscal year that ended in Dec. 2025 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(22982.111 + 3007.708) / 4256.705
=6.11

Izmir Demir Celiknayi AS's annualized Debt-to-EBITDA for the quarter that ended in Mar. 2026 is calculated as

Debt-to-EBITDA=Total Debt / EBITDA
=(Short-Term Debt & Capital Lease Obligation + Long-Term Debt & Capital Lease Obligation) / EBITDA
=(23724.125 + 3206.677) / 5198.388
=5.18

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual Debt-to-EBITDA, the EBITDA of the last fiscal year is used. In calculating the annualized quarterly data, the EBITDA data used here is four times the quarterly (Mar. 2026) EBITDA data.

Frequently Asked Questions Learn more about Debt-to-EBITDA →
What does a Debt-to-EBITDA of 5.18 mean?
Izmir Demir Celiknayi AS (IST:IZMDC) has a Debt-to-EBITDA of 5.18 as of Mar. 2026. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Izmir Demir Celiknayi AS. This is 42% above median its historical median of 3.66. According to the industry distribution chart, Izmir Demir Celiknayi AS ranks #381 out of 496 companies in the Steel industry, placing it in the top 76.8%.
Is Izmir Demir Celiknayi AS's Debt-to-EBITDA too high?
Izmir Demir Celiknayi AS's current Debt-to-EBITDA of 5.18 is 42% above median its 10-year median of 3.66. The Steel industry median Debt-to-EBITDA is 2.94. Izmir Demir Celiknayi AS's value of 5.18 is 76.5% above this industry median. Based on the distribution chart, Izmir Demir Celiknayi AS ranks #381 out of 496 companies in the Steel industry, which is in the bottom quartile relative to peers. Overall, Izmir Demir Celiknayi AS has a GF Score™ of 37/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Izmir Demir Celiknayi AS's Debt-to-EBITDA compare to NUE and STLD?
According to the Steel industry distribution chart, Izmir Demir Celiknayi AS ranks #381 out of 496 companies for Debt-to-EBITDA. This places Izmir Demir Celiknayi AS in the lower half of its industry. The industry median Debt-to-EBITDA is 2.94. Izmir Demir Celiknayi AS's value of 5.18 is 76.5% above this benchmark. While the company's 10-year median is 3.66 vs. the industry median of 2.94, Izmir Demir Celiknayi AS has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Debt-to-EBITDA for a Steel company?
The median Debt-to-EBITDA among Steel companies is 2.94, based on 496 companies in the industry. Companies in the top quartile (top 25%) have a Debt-to-EBITDA significantly above this median, while those in the bottom quartile fall well below. However, Debt-to-EBITDA should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Izmir Demir Celiknayi AS's current Debt-to-EBITDA of 5.18 is 76.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Debt-to-EBITDA mean?
A high Debt-to-EBITDA can signal that a stock is expensive relative to its fundamentals. Debt-to-EBITDA ratio represents the ratio of total debt to total earnings before interest, taxes, depreciation and amortization. View historical data on Izmir Demir Celiknayi AS. For the Steel industry, the median Debt-to-EBITDA is 2.94 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Izmir Demir Celiknayi AS's current Debt-to-EBITDA is 5.18, which is 42% above median its own 10-year median of 3.66. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Izmir Demir Celiknayi AS stock overvalued right now?
Based on GuruFocus' analysis, Izmir Demir Celiknayi AS (IST:IZMDC) is currently considered Significantly Overvalued. The stock's GF Value™ is ₺6.89, compared to a current price of ₺12.97 — trading 88.2% above its estimated fair value. The current Debt-to-EBITDA is 5.18, which is 42% above median its 10-year median of 3.66 and 76.5% above the Steel industry median of 2.94. Izmir Demir Celiknayi AS's overall GF Score™ is 37/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Debt-to-EBITDA calculated?
Debt-to-EBITDA is calculated from a company's financial statements. For Izmir Demir Celiknayi AS (IST:IZMDC), the current Debt-to-EBITDA is 5.18 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Izmir Demir Celiknayi AS (IST:IZMDC) Overvalued in 2026?

Based on GuruFocus' analysis, Izmir Demir Celiknayi AS stock appears to be overvalued. The current stock price of ₺12.97 is trading 88.2% above its estimated GF Value™ of ₺6.89. GuruFocus considers Izmir Demir Celiknayi AS to be Significantly Overvalued.

Key valuation signals for IST:IZMDC:

  • Debt-to-EBITDA: 5.18 (42% above median its 10-year median of 3.66)
  • GF Value™: ₺6.89 vs. price of ₺12.97 (88.2% above fair value)
  • GF Score™: 37/100 with 9 warning signs
  • Industry Position: 76.5% above the Steel median (#381 of 496)

No single metric tells the full story. See the IST:IZMDC stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Izmir Demir Celiknayi AS Business Description

Address Şair Eşref Bulvarı No. 23, Çankaya, Izmir, TUR, 35210
Izmir Demir Celik Sanayi AS is a steel producer based in Turkey. The company produces steel products which include iron blocks, iron rods, and iron beams for various application and sells it to the Turkish and international markets. The production is carried out at the Foca plant in Aliaga. The firm also engages in making investments in power plant and maritime business, owning three ships totally through its subsidiaries.
37GF Score

Get the complete analysis for IST:IZMDC

Debt-to-EBITDA is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₺12.97
Price
₺6.89
GF Value