TAV Havalimanlari Holding (TAVHL) — Cash Flow Reinvestment Rate
TAV Havalimanlari Holding (TAVHL) has a Cash Flow Reinvestment Rate of 0.91x as of December 2025, reinvesting TL87.39 Million (capex TL87.39 Million ) from operating cash flow of TL95.67 Million. Check earnings quality score of TAV Havalimanlari Holding to evaluate the quality of earnings relative to operating cash generation.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
TAV Havalimanlari Holding Cash Flow Reinvestment Rate (2003–2025)
Historical reinvestment intensity for TAV Havalimanlari Holding across 21 annual periods. Explore TAVHL long-term investments to assets to see how much of total assets are deployed in long-term investments.
Annual Cash Flow Reinvestment Rate for TAV Havalimanlari Holding (2003–2025)
Year-by-year capital reinvestment analysis for TAV Havalimanlari Holding. For live market cap and broader valuation context, see market value of TAV Havalimanlari Holding.
| Year | Reinvestment Rate | Total Reinvested (TRY) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.62x | TL214.07 Million | TL347.49 Million | TL214.07 Million | ▼ -53.9% |
| 2024 | 1.34x | TL421.75 Million | TL315.88 Million | TL255.56 Million | ▼ -72.1% |
| 2023 | 4.78x | TL279.96 Million | TL58.60 Million | TL214.42 Million | ▲ +161.9% |
| 2022 | 1.82x | TL507.83 Million | TL278.38 Million | TL134.71 Million | ▲ +499.8% |
| 2021 | 0.30x | TL72.42 Million | TL238.11 Million | TL22.43 Million | ▼ -98.9% |
| 2020 | 27.37x | TL87.16 Million | TL3.18 Million | TL37.16 Million | ▲ +2995.2% |
| 2019 | 0.88x | TL116.97 Million | TL132.27 Million | TL66.97 Million | ▼ -26.7% |
| 2018 | 1.21x | TL468.09 Million | TL387.76 Million | TL86.95 Million | ▼ -20.2% |
| 2017 | 1.51x | TL421.38 Million | TL278.55 Million | TL40.23 Million | ▲ +314.2% |
| 2016 | 0.37x | TL198.26 Million | TL542.87 Million | TL107.64 Million | ▼ -69.8% |
| 2015 | 1.21x | TL1.14 Billion | TL941.70 Million | TL757.73 Million | ▲ +197.4% |
| 2014 | 0.41x | TL213.98 Million | TL526.16 Million | TL213.98 Million | ▼ -8.4% |
| 2013 | 0.44x | TL233.66 Million | TL526.37 Million | TL233.66 Million | ▲ +40.0% |
| 2012 | 0.32x | TL131.31 Million | TL414.04 Million | TL131.31 Million | ▲ +6.6% |
| 2011 | 0.30x | TL105.72 Million | TL355.50 Million | TL105.72 Million | ▼ -15.9% |
| 2010 | 0.35x | TL118.90 Million | TL336.29 Million | TL118.90 Million | ▼ -76.2% |
| 2009 | 1.49x | TL312.08 Million | TL209.68 Million | TL312.08 Million | ▲ +57.0% |
| 2008 | 0.95x | TL214.61 Million | TL226.32 Million | TL214.61 Million | ▼ -87.2% |
| 2007 | 7.42x | TL124.01 Million | TL16.72 Million | TL124.01 Million | ▲ +3772.4% |
| 2004 | 0.19x | TL20.50 Million | TL107.05 Million | TL20.50 Million | ▼ -55.2% |
| 2003 | 0.43x | TL42.68 Million | TL99.88 Million | TL42.68 Million | — |