Borsa Istanbul Defense Industry Analysis: ASELSAN and SDTTR Lead in Returns

Geopolitical Risks and Sectoral Interest Increasing global defense spending and regional tensions are keeping interest in defense industry companies traded on Borsa Istanbul alive.
Progress in domestic projects and international collaborations has placed these stocks at the center of investor attention.
During periods of heightened geopolitical risk perception, the financial performance and market valuations of defense companies are closely monitored.
SDT Space and Defense (SDTTR) became the highest-yielding company in the sector with a 40.03% increase, followed by ASELSAN with a 35.20% rise.
In contrast, Otokar (OTKAR) and Pasifik Teknoloji (PATEK) exhibited negative performance, losing 15.95% and 11.40% in value, respectively.
Financial Indicators and Equity Structure ASELSAN, the leader in terms of equity size, stands ahead of other companies with a volume of 186 billion TL.
The company's Price-to-Book (P/B) ratio stands at 7.67, while Papilon Defense (PAPIL) holds the highest P/B ratio in the sector at 7.95.
These figures illustrate how investors position market pricing relative to the book values of the companies.
Foreign Investors and Public Float Rates The ownership structures and foreign investor interest in these companies also vary.
While 25.78% of ASELSAN shares are publicly traded, the foreign investor share remains high at 51.73%.
In Papilon Defense, despite a very high public float rate of 99.85%, the foreign share is limited to 0.81%.
Similarly, Katmerciler (KATMR) has a public float of 79.78%, with foreign ownership at 5.39%.
These data points indicate that domestic investor influence is more dominant in certain stocks.