HEPS logo
HEPS NASDAQ TR

D-Market Electronic Services & Trading - American Depositary Shares

Retail · Retail Website · IPO Jul 2021
$2.70
▲ +$0.01 (+0.37%)
Vol 172K
5
Quality Score
fail
Mkt Cap
$797.0M
ROE
-120.6%
Margin
-4.4%
D/E
322.23
Beta
2.31
52W
$2–$4

Wall Street Consensus

9 analysts · Apr 2026
3
Strong Buy
3
Buy
3
Hold
0
Sell
0
Strong Sell
66.7%
Buy Rating

Price Chart

Earnings

Beat rate: 0.0%
Quarter EPS Est EPS Act Surprise
Dec 2025 $-10.55
Jun 2025 $-2.44
Dec 2024 $-2.31
Sep 2024 $-1.05

Quarterly Revenue & Earnings

Quarter 2024-0… 2024-1… 2025-0… 2025-0… 2025-0… 2025-1…
Revenue $16.3B $20.4B $14.4B $16.7B $19.9B
Net Income -$409.7M -$724.3M -$355.1M -$723.8M -$1.3B

Fundamentals Trend

Metric 2025-06-30 2025-09-02 2025-10-02 2025-11-03 2025-12-03 2026-01-02
ROE (TTM) -64.1% -64.1% -64.1% -64.1% -64.1% -120.6%
P/E (TTM)
Net Margin -4.3% -3.3% -3.3% -3.3% -3.3% -4.4%
Gross Margin 37.8% 37.8% 37.8% 37.8% 37.8% 37.3%
D/E Ratio 85.63 85.63 85.63 85.63 85.63 322.23
Current Ratio 0.92 0.92 0.92 0.92 0.92 0.85

Key Ratios

ROA (TTM)
-10.9%
P/S (TTM)
0.48
P/B
12.6
EPS (TTM)
$-9.57
CF/Share
$0.01
Rev Growth 3Y
+55.9%
52W High
$3.85
52W Low
$2.15
$2.15 52-Week Range $3.85

Financial Health

Free Cash Flow
$2.8B
Net Debt
-$4.6B
Cash
$7.4B
Total Debt
$2.8B
As of Sep 30, 2025

How does HEPS compare to Retail peers?

Peer group: Small-cap Retail ($300M+) · 50 companies

HEPS valuation vs Retail peers

P/E ratio
0% below peers (25.6)
vs Peers
vs Industry
Overvalued
P/S ratio
0.5
58% below peers (1.2)
vs Peers
vs Industry
Undervalued
P/B ratio
12.6
318% above peers (3.0)
vs Peers
vs Industry
Overvalued
Div yield
0% below peers (1.5%)
vs Peers
vs Industry
Low yield

HEPS profitability vs Retail peers

ROE
-120.7%
1105% below peers (12.0%)
vs Peers
vs Industry
Weak
Net margin
-4.4%
266% below peers (2.6%)
vs Peers
vs Industry
Weak
Gross margin
37.3%
2% above peers (36.5%)
vs Peers
vs Industry
In line
ROA
-10.9%
337% below peers (4.6%)
vs Peers
vs Industry
Weak

HEPS financial health vs Retail peers

D/E ratio
322.2
1066% above peers (27.6)
vs Peers
vs Industry
High debt
Current ratio
0.9
36% below peers (1.3)
vs Peers
vs Industry
Low liquidity
Beta
2.3
112% above peers (1.1)
vs Peers
vs Industry
More volatile

HEPS fundamentals radar

HEPS Peer median Industry

HEPS profitability vs leverage

Bubble size = market cap · X = net margin · Y = D/E ratio

HEPS vs peers: key metrics

Top Holders

Top 5: 7.39%
Vr Advisory Services Ltd
4.61%
$43.0M
Hosking Partners LLP
1.02%
$9.5M
Blackrock Inc.
0.84%
$7.9M
State Street Corporation
0.67%
$6.2M
UBS Group AG
0.25%
$2.3M
As of Dec 31, 2025

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