Corporate finance · CFO · Valuation · Capital markets
Analyses, data and applied tools for corporate finance, debt capacity, cash management, valuation and macroeconomics.
Get practical answers to financial questions with applied tools.
From Excel balance sheets and income statements: horizontal, vertical, trend and ratio analysis, CBRT sector comparison and a downloadable report.
Start analysis →Calculate debt capacity.
Debt Capacity →Analyse with DSCR.
Calculate DSCR →Calculate WACC.
Calculate WACC →Plan liquidity gaps, credit needs and critical weeks.
Cash Budget →Multi-shock scenarios, covenants, cash runway, break points and a CFO assessment report.
Resilience analysis →Debt calendar, funding gap, rate/FX shocks, breakpoints and a CFO assessment report.
Maturity-wall analysis →Stress-test balance sheet, costs, interest and debt service by scenario.
Stress Test →DCF, EV/EBITDA multiple, WACC and scenario analysis.
Valuation tool →Model an investment’s cash flows and assess the decision with NPV, IRR, MIRR, payback, the profitability index, scenarios and sensitivity analysis.
Value the project →PVIF, FVIF, PVIFA, FVIFA, annuities, loan installments and savings plans.
TVM calculator →Break-even point, target profit, margin of safety, operating leverage and scenario analysis.
Break-even calculator →DOL, DFL and DCL; fixed-cost, debt and interest sensitivity, stress testing.
Leverage calculator →IRR, XIRR, NPV and XNPV from periodic or dated cash flows, with an NPV profile and multiple-IRR checks.
IRR / XIRR calculator →Decompose inventory growth into price, quantity and activity; DIO, excess stock, aging and cash release.
Inventory analysis →Compute DIO, DSO, DPO and CCC; measure cash tied in operations and the cash effect of improvement scenarios.
CCC analysis →Analyse working-capital need, the cash conversion cycle and any financing gap from receivables, inventory and payables days.
Analyse →Sharp declines on the stock exchange are usually discussed through investors’ losses. Those losses matter. If we confine the discussion to the change in value on investors’ accounts, we miss the exchange’s function of pr…
From Excel balance sheets and income statements: horizontal, vertical, trend and ratio analysis, CBRT sector comparison and a downloadable report.
Start analysis →Calculate debt capacity.
Debt Capacity →Analyse with DSCR.
Calculate DSCR →Calculate WACC.
Calculate WACC →Plan liquidity gaps, credit needs and critical weeks.
Cash Budget →Multi-shock scenarios, covenants, cash runway, break points and a CFO assessment report.
Resilience analysis →Debt calendar, funding gap, rate/FX shocks, breakpoints and a CFO assessment report.
Maturity-wall analysis →Stress-test balance sheet, costs, interest and debt service by scenario.
Stress Test →DCF, EV/EBITDA multiple, WACC and scenario analysis.
Valuation tool →Model an investment’s cash flows and assess the decision with NPV, IRR, MIRR, payback, the profitability index, scenarios and sensitivity analysis.
Value the project →PVIF, FVIF, PVIFA, FVIFA, annuities, loan installments and savings plans.
TVM calculator →Break-even point, target profit, margin of safety, operating leverage and scenario analysis.
Break-even calculator →DOL, DFL and DCL; fixed-cost, debt and interest sensitivity, stress testing.
Leverage calculator →IRR, XIRR, NPV and XNPV from periodic or dated cash flows, with an NPV profile and multiple-IRR checks.
IRR / XIRR calculator →Decompose inventory growth into price, quantity and activity; DIO, excess stock, aging and cash release.
Inventory analysis →Compute DIO, DSO, DPO and CCC; measure cash tied in operations and the cash effect of improvement scenarios.
CCC analysis →Analyse working-capital need, the cash conversion cycle and any financing gap from receivables, inventory and payables days.
Analyse →Macro indicators for CFO decisions - grouped, sourced, and refreshed on schedule.
| Indicator | Value | Change | CFO lens | Source |
|---|---|---|---|---|
| Financing | ||||
| CBRT policy rate ⓘ Data period: MPC decision | 37.00% Last decision: September 2026 | Direction of borrowing cost | CBRT / Trading Economics | |
| TL commercial loan rate ⓘ Data period: Weekly | 49.77% As of: September 18, 2026 | Closest macro proxy to a firm's funding cost | CBRT – EVDS | |
| 2Y / 10Y bond yields ⓘ Data period: Daily | 40.52% / 35.67% | Long-term funding and discount rates | Trading Economics | |
| Turkey 5Y CDS ⓘ Data period: Intraday | 245.17 bp | FX funding and country risk premium | World Government Bonds | |
| FX and inflation | ||||
| USD/TRY ⓘ Data period: Intraday | 48.99 | +0.32% | Imports, FX debt, pricing | Yahoo Finance |
| EUR/TRY ⓘ Data period: Intraday | 55.47 | −0.83% | Exports/imports with Europe | Yahoo Finance |
| CPI ⓘ Data period: Monthly | 31.51% As of: July 2026 Previous: 31.75% | −0.2 pp | Wages, pricing, real sales growth | TurkStat / Trading Economics |
| PPI ⓘ Data period: Monthly | 27.95% As of: August 2026 | Production costs and margin pressure | TurkStat / Trading Economics | |
| Real effective exchange rate ⓘ Data period: Monthly | 105.04 As of: August 2026 | Competitiveness and real FX level | CBRT | |
| Real economy | ||||
| GDP growth ⓘ Data period: Quarterly | 2.30% As of: Q2 2026 | Aggregate demand | TurkStat / Trading Economics | |
| Industrial production ⓘ Data period: Monthly | -0.30% As of: July 2026 | Direction of the production economy | TurkStat / Trading Economics | |
| Capacity utilization ⓘ Data period: Monthly | 74.20% As of: August 2026 Previous: 73.50% | +0.7 pp | Demand and investment needs | TurkStat / Trading Economics |
| Real sector confidence ⓘ Data period: Monthly | 102.00 As of: August 2026 | Business expectations | TurkStat / Trading Economics | |
| PMI ⓘ Data period: Monthly | 48.10 As of: July 2026 | Leading indicator for orders, output and demand | Trading Economics | |
| Liquidity and credit | ||||
| Commercial loan growth ⓘ Data period: Monthly | 2.26% | Access to finance | CBRT / Trading Economics | |
| TL/FX credit volume ⓘ Data period: Daily | 21,040.1 milyar TL As of: August 1, 2026 | Direction of credit conditions | BRSA (BDDK) | |
| Deposit rates ⓘ Data period: Weekly | 44.02% As of: September 18, 2026 | Alternative cost of funds | CBRT – EVDS | |
| CBRT reserves ⓘ Data period: Weekly | 174,405 mn USD As of: September 18, 2026 | FX/financial stability risk | CBRT – EVDS | |
| External balance and costs | ||||
| Current account ⓘ Data period: Monthly | 36 mn USD As of: July 2026 | FX and external funding pressure | CBRT – EVDS | |
| Trade balance ⓘ Data period: Monthly | -5,239 mn USD | FX demand and economic activity | TurkStat / Trading Economics | |
| Brent crude ⓘ Data period: Intraday | $97.00 | −9.01% | Energy costs | Yahoo Finance |
| Natural gas ⓘ Data period: Intraday | $3.04 | −7.89% | Production costs | Yahoo Finance |
| USD/EUR ⓘ Data period: Intraday | 1.1320 | −1.12% | Critical for EU-facing exporters | Yahoo Finance |
Information about the books I have published so far can be found in this section.
2. baskı - Ağustos 2026
Haziran 2026
Türk Ticaret Kanunu md. 124–644, 4 cilt - Prof. Dr. Kemal Şenocak (ed.) ve diğer yazarlarla (ortak yazar)
10. baskı
Editör: Prof. Dr. Güven Sayılgan; Editör Yardımcıları: Prof. Dr. Alper ÖZER, Dr. Öğr. Üyesi Can Giray ÖZGÜL, Arş. Gör. Ahmet KAYA
Kuram, Uygulama, Bir Model Önerisi
Soru ve Yanıtlarla - İş Sınavlarına Hazırlık
Tesmer Yayın No: 72
Muhasebe Eğitiminde Yeni Ufuklar - Bildiriler Kitabı (23–27 Mayıs 2011, Kemer, Antalya). Editörler: Ercan Bayazıtlı, Güven Sayılgan, Kadir Gürdal, Mustafa Doğan
Turhan Korkmaz, Nurhan Aydın ile; ed. Mehmet Başar
