05.04.2020 İTİBARİYLE F/K ORANI VE PD/DD ORANI İLE HİSSE DEĞERLENDİRMESİ

05.04.2020 İTİBARİYLE F/K ORANI VE PD/DD ORANI İLE HİSSE DEĞERLENDİRMESİ

5 Nisan 2020 0 Yazar: Aykut KIRAN

F/K ve PD/DD hakkında bilgisi olmayanlar F/K ve PD/DD Oranı İle Hisse Değerlendirmesi başlıklı yazımızı okuyabilirler. F/K ve PD/DD ile ilgili aşağıdaki tablo size ucuz hisseler bulmanıza yardımcı olabilir.

Bir hissenin F/K ve PD/DD oranlarının düşük olması tercih edilir. Ancak sektöre göre iskontolu(ucuz) olanlar daha çok tercih sebebidir.

Eğer bir şirket zarardaysa veya özsermayesi eksideyse F/K oranı anlamsız olmaktadır ve bu durumda F/K oranı hesaplanmaz.

Özetle;

PD/DD = Piyasa Değeri/Defter Değeri

PD/DD=1  (şirketin fiyatlaması makul)

PD/DD < 1   ise Ucuz

PD/DD > 1   ise Pahalı

F/K = Fiyat / Kazanç Oranı 

F/K <10 ise değerlendirmeye alınabilir.

10<F/K<20 ise şirket fiyatlaması makul

F/K > 20 ise bir karşılaştırma yapmak anlamlı değildir.

FD= Firma Değeri

FAVÖK= Faiz ve Amortisman Öncesi Kâr

KodKapanış (TL)PD/DDF/KFD/FAVÖKFD/SatışlarSon Bilanço Dönemi
ACSEL5,241,369,81,312/2019
ADANA7,162,61114,21,812/2019
ADBGR6,052,213,116,72,212/2019
ADEL11,31,6A/D6,21,212/2019
ADESE1,060,5A/DA/D3,612/2019
ADNAC1,750,627,227,43,612/2019
AEFES17,910,810,46112/2019
AFYON5,443,2A/DA/D612/2019
AGHOL13,720,56,1A/DA/D12/2019
AGYO1,240,69,2A/DA/D12/2019
AKBNK5,420,55,3A/DA/D12/2019
AKCNS6,911,317,66,10,812/2019
AKENR0,790,6A/D153,112/2019
AKFGY2,350,52,6A/DA/D12/2019
AKGRT4,421,53,7A/DA/D12/2019
AKGUV1,440,8A/DA/D1,412/2019
AKMGY22,183,310,1A/DA/D12/2019
AKSA6,811,47,95,50,912/2019
KodKapanış (TL)PD/DDF/KFD/FAVÖKFD/SatışlarSon Bilanço Dönemi
AKSEN3,340,66,23,70,912/2019
AKSGY2,680,32,1A/DA/D12/2019
AKSUE7,115,1A/D18,313,612/2019
ALARK4,371,34,9A/DA/D12/2019
ALBRK1,080,415,1A/DA/D12/2019
ALCAR41,21,127,1A/D0,612/2019
ALCTL17,782,3A/D12,80,712/2019
ALGYO12,960,62,1A/DA/D12/2019
ALKA5,561,86,640,612/2019
ALKIM50,753,29,57,21,812/2019
ALYAG0,612,18,5A/D13,112/2019
ANACM3,130,84,54,31,112/2019
ANELE2,940,6A/D33,30,512/2019
ANHYT5,251,86,3A/DA/D12/2019
ANSGR4,531,18,9A/DA/D12/2019
ARCLK13,8110,15,20,512/2019
ARDYZ13,64,512,3105,912/2019
ARENA9,730,710,14,20,112/2019
ARMDA15,971,4A/D9,70,212/2019
KodKapanış (TL)PD/DDF/KFD/FAVÖKFD/SatışlarSon Bilanço Dönemi
ARSAN2,780,63,913,51,212/2019
ARTI0,734,1A/DA/DA/D12/2019
ASELS23,227,98,81,912/2019
ASLAN33,728,1A/DA/D8,212/2019
ASUZU8,551,3337,60,812/2019
ATAGY3,692,4A/DA/DA/D12/2019
ATEKS8,320,417,39,40,712/2019
ATLAS1,150,73,2A/DA/D12/2019
ATSYH1,264,314,1A/DA/D12/2019
AVGYO1,240,52,7A/DA/D12/2019
AVHOL1,111,111,2A/DA/D12/2019
AVISA12,524,410,5A/DA/D12/2019
AVOD1,692,61111,71,212/2019
AVTUR1,240,67,5A/D10,612/2019
AYCES13,711,5A/D27,97,612/2019
AYEN2,56133,810,14,812/2019
AYES1,840,713,56,60,212/2019
AYGAZ8,911,19,86,80,312/2019
BAGFS12,671,376,51,312/2019
KodKapanış (TL)PD/DDF/KFD/FAVÖKFD/SatışlarSon Bilanço Dönemi
BAKAB6,391,218,46,60,612/2019
BALAT1,73,3A/DA/D35,612/2019
BANVT16,091,514,63,80,512/2019
BASCM2,650,8A/D8,10,912/2019
BERA2,670,633,9A/DA/D12/2019
BEYAZ2,712,218,713,70,412/2019
BFREN182,96,816,713,82,112/2019
BIMAS50,27,224,910,50,812/2019
BIZIM9,253,916,81,30,112/2019
BJKAS1,71A/DA/DA/D3,26/2019
BLCYT6,41,75,34,21,312/2019
BMELK1,360,725,17,56,112/2019
BNTAS2,621,211,512,31,212/2019
BOLUC3,371,4A/D13,41,912/2019
BOSSA6,871,96,67,51,312/2019
BRISA7,022,418,87,21,212/2019
BRKO0,240,4A/DA/D3,112/2019
BRKSN2,381,4A/D25,80,812/2019
BRMEN1,050,7A/DA/D5,312/2019
KodKapanış (TL)PD/DDF/KFD/FAVÖKFD/SatışlarSon Bilanço Dönemi
BRSAN7,590,416,38,10,612/2019
BRYAT48,840,620,3A/DA/D12/2019
BSOKE0,861,2A/DA/D512/2019
BTCIM2,20,6A/DA/D2,212/2019
BUCIM3,121,1A/D10,90,512/2019
BURCE5,070,6A/D13,11,212/2019
BURVA13,115,3A/DA/D9,312/2019
CASA9,960,93,9A/DA/D12/2019
CCOLA351,49,25,6112/2019
CELHA7,053,5A/D32,70,512/2019
CEMAS0,792,8A/DA/D3,312/2019
CEMTS6,331,411,38,90,812/2019
CEOEM5,81,6A/DA/D1,112/2019
CIMSA6,380,6A/D7,71,212/2019
CLEBI56,952,77,25,41,312/2019
CMBTN28,741,1A/DA/D0,312/2019
CMENT11,911,1A/DA/D1,212/2019
COSMO2,173,84,9A/DA/D12/2019
CRDFA2,11,17,2A/DA/D12/2019
KodKapanış (TL)PD/DDF/KFD/FAVÖKFD/SatışlarSon Bilanço Dönemi
CRFSA5,96A/DA/D10,50,912/2019
CUSAN2,21113,97,30,412/2019
DAGHL2,781,618,8A/DA/D12/2019
DAGI2,150,917,76,41,212/2019
DARDL5,58A/DA/D9,11,112/2019
DENCM6,021,4A/D11,50,612/2019
DENGE0,921,5A/DA/DA/D12/2019
DERAS2,561,218,57,10,512/2019
DERIM4,71,6A/D23,40,712/2019
DESA3,191,78,63,50,612/2019
DESPC4,361,389,30,512/2019
DEVA10,021,975,71,812/2019
DGATE6,841,78,7120,312/2019
DGGYO3,811,313,3A/DA/D12/2019
DGKLB1,2728,5A/D11,61,312/2019
DIRIT0,62A/DA/DA/D11,112/2019
DITAS11,074,2A/D161,212/2019
DMSAS2,611,18,45,70,612/2019
DOAS6,671,219,45,50,312/2019
KodKapanış (TL)PD/DDF/KFD/FAVÖKFD/SatışlarSon Bilanço Dönemi
DOBUR3,693,3A/DA/D0,712/2019
DOCO253,51,7155,40,69/2019
DOGUB1,532,3A/DA/D12,512/2019
DOHOL1,460,56,2A/DA/D12/2019
DOKTA16,2322,119,215,92,512/2019
DURDO15,813,725,99,61,512/2019
DYOBY3,75218,64,80,812/2019
DZGYO3,160,611,8A/DA/D12/2019
ECILC4,460,718,816,92,812/2019
ECZYT9,40,413,6A/DA/D12/2019
EDIP1,450,33,3167,912/2019
EGCEY0,520,5A/DA/DA/D12/2019
EGCYH0,321120,5A/DA/D12/2019
EGCYO0,382,5A/DA/DA/D12/2019
EGEEN4832,26,54,61,312/2019
EGGUB41,61,99,25,70,912/2019
EGPRO10,161,922,26,50,912/2019
EGSER3,150,79,56,90,612/2019
EKGYO1,150,35,6A/DA/D12/2019
KodKapanış (TL)PD/DDF/KFD/FAVÖKFD/SatışlarSon Bilanço Dönemi
EKIZ1,81,44,2A/D0,512/2019
EMKEL1,390,8A/D6,70,712/2019
EMNIS1,96A/DA/DA/D0,812/2019
ENJSA6,421,17,34,70,912/2019
ENKAI5,960,87,73,30,712/2019
EPLAS10,783,4A/D9,71,112/2019
ERBOS16,5915,150,512/2019
EREGL7,620,984,30,912/2019
ERSU2,982,637,7A/D10,612/2019
ESCOM2,592,2A/DA/DA/D12/2019
ETILR1,7613,6A/DA/D5,612/2019
ETYAT1,290,83,1A/DA/D12/2019
EUHOL1,081,232A/DA/D12/2019
EUKYO1,240,72,9A/DA/D12/2019
EUYO1,080,72,6A/DA/D12/2019
FENER8,05A/DA/DA/D3,46/2019
FLAP2,781,213,7A/D2,212/2019
FMIZP40,789,818,518,74,712/2019
FONET7,084,219,315,75,812/2019
KodKapanış (TL)PD/DDF/KFD/FAVÖKFD/SatışlarSon Bilanço Dönemi
FORMT2,263A/DA/D2,612/2019
FRIGO8,971,74,73,50,812/2019
FROTO554,19,86,70,612/2019
GARAN7,540,65,1A/DA/D12/2019
GARFA3,581,714,2A/DA/D12/2019
GEDIK17,246,817,824,30,212/2019
GEDZA6,651,26,93,80,812/2019
GENTS1,941,225,98,70,712/2019
GEREL2,261,6A/DA/D1,212/2019
GLBMD1,881,6A/D12,3012/2019
GLRYH1,991,115,1A/DA/D12/2019
GLYHO2,530,8A/DA/DA/D12/2019
GOLTS11,520,78,46,71,512/2019
GOODY3,3513,43,20,312/2019
GOZDE2,870,5A/DA/D35,712/2019
GRNYO1,080,910,41,60,212/2019
GSDDE1,860,7A/D12,84,812/2019
GSDHO1,180,43,2A/DA/D12/2019
GSRAY2A/D10,171,96/2019
KodKapanış (TL)PD/DDF/KFD/FAVÖKFD/SatışlarSon Bilanço Dönemi
GUBRF14,218,6A/D15,21,412/2019
GUSGR2,10,99,2A/DA/D12/2019
GYHOL18,433,76,6A/DA/D12/2019
HALKB4,940,22,7A/DA/D12/2019
HALKS2,751,64,2A/DA/D12/2019
HATEK6,810,55A/D0,912/2019
HDFGS1,740,83,62,21,912/2019
HEKTS9,714,415,210,33,612/2019
HLGYO1,190,43,4A/DA/D12/2019
HUBVC18,3610,9A/DA/DA/D12/2019
HURGZ0,940,8A/DA/D1,612/2019
ICBCT3,882,6A/DA/DA/D12/2019
IDEAS2,111,6A/DA/D0,912/2019
IDGYO2,663,6A/DA/DA/D12/2019
IEYHO0,441,1A/DA/DA/D12/2019
IHEVA21,816,420,83,112/2019
IHGZT4,5226,7A/D3,512/2019
IHLAS0,50,9A/DA/DA/D12/2019
IHLGM11,315,6A/DA/D12/2019
KodKapanış (TL)PD/DDF/KFD/FAVÖKFD/SatışlarSon Bilanço Dönemi
IHYAY0,741,5A/DA/D0,612/2019
INDES7,450,94,53,80,112/2019
INFO6,393,325,38,50,912/2019
INTEM7,826,2A/DA/D0,312/2019
IPEKE7,841,55A/DA/D12/2019
ISATR380383A/DA/DA/DA/D12/2019
ISBIR415,11,47,5A/DA/D12/2019
ISBTR31050A/DA/DA/DA/D12/2019
ISCTR4,570,32,9A/DA/D12/2019
ISDMR6,331,18,56,21,212/2019
ISFIN2,831,623,3A/DA/D12/2019
ISGSY3,351A/DA/D16,612/2019
ISGYO1,320,34,3A/DA/D12/2019
ISKUR310000,100A/DA/D12/2019
ISMEN3,851,23,60,8012/2019
ISYAT2,071,25,210,312/2019
ITTFH2,230,9A/DA/DA/D12/2019
IZFAS1,441,4A/D7,9112/2019
IZMDC911,1A/DA/D1,212/2019
KodKapanış (TL)PD/DDF/KFD/FAVÖKFD/SatışlarSon Bilanço Dönemi
IZTAR2,251,1A/DA/D2,312/2019
JANTS45,81,96,56,4112/2019
KAPLM4,752A/D8,60,712/2019
KAREL12,8826,65,31,212/2019
KARSN1,311,8A/D10,71,512/2019
KARTN323,5211,37,41,112/2019
KATMR2,541,7A/D9,52,512/2019
KCHOL13,6917,9A/DA/D12/2019
KENT182,411,5A/DA/D5,212/2019
KERVN0,310,91,4A/DA/D9/2019
KERVT3,172,815,25,70,912/2019
KFEIN11,52,513,26,61,712/2019
KLGYO2,070,4A/DA/DA/D12/2019
KLMSN13,311,74,76,50,812/2019
KLNMA25,129,1A/DA/DA/D12/2019
KNFRT6,911,712,261,312/2019
KONYA181,12,5A/DA/D2,612/2019
KORDS9,170,85,35,60,812/2019
KOZAA9,131,24,5A/DA/D12/2019
KodKapanış (TL)PD/DDF/KFD/FAVÖKFD/SatışlarSon Bilanço Dönemi
KOZAL59,551,65,12,51,612/2019
KPHOL2,281,9A/DA/DA/D12/2019
KRDMA1,950,627,660,612/2019
KRDMB1,940,627,460,612/2019
KRDMD1,980,6286,10,712/2019
KRGYO1,851,19,1A/DA/D12/2019
KRONT15,454,319,818,9412/2019
KRSTL1,221A/D21,40,812/2019
KRTEK2,281,326,19,90,912/2019
KSTUR21,741,96,63,71,812/2019
KUTPO6,30,76,26,20,812/2019
KUYAS1,251,2A/DA/D10,312/2019
LIDFA2,760,76,8A/DA/D12/2019
LINK20,823,315,413,15,812/2019
LKMNH5,551,916,17,30,912/2019
LOGO58,641710,23,412/2019
LUKSK6,70,86,66,81,312/2019
MAALT65,154,120,9A/DA/D12/2019
MAKTK1,24223,412,83,212/2019
KodKapanış (TL)PD/DDF/KFD/FAVÖKFD/SatışlarSon Bilanço Dönemi
MARKA0,990,35,3A/DA/D12/2019
MARTI0,59A/DA/D21,56,29/2019
MAVI33,983,717,83,30,712/2019
MEGAP1,750,93,42,20,212/2019
MEPET1,380,5A/D4,30,312/2019
MERIT130,74,64,82,312/2019
MERKO1,052,8A/D19,51,112/2019
METAL0,730,6A/DA/DA/D12/2019
METRO0,940,42,1A/DA/D12/2019
METUR1,355,4A/D5,42,812/2019
MGROS23,6813,3A/D4,40,412/2019
MIPAZ1,991,64,8A/DA/D12/2019
MMCAS0,8818,5A/DA/D0,712/2019
MNDRS1,171,5A/D10,60,912/2019
MPARK13,0511,8A/D5,91,312/2019
MRDIN5,032,520,423,32,512/2019
MRGYO0,790,3A/DA/DA/D9/2019
MRSHL41,88522,37,21,212/2019
MSGYO1,630,96,3A/DA/D12/2019
KodKapanış (TL)PD/DDF/KFD/FAVÖKFD/SatışlarSon Bilanço Dönemi
MTRYO2,7914,30,3012/2019
MZHLD10,85A/D24,15,10,612/2019
NATEN16,172,57,934,211,212/2019
NETAS10,191,2A/D38,50,812/2019
NIBAS5,753,2A/DA/D1112/2019
NTHOL1,360,2106,41,912/2019
NUGYO2,582,1A/DA/DA/D12/2019
NUHCM9,141,28,55,41,112/2019
ODAS1,361A/D11,72,812/2019
OLMIP3,84,2A/DA/D1,112/2019
ORGE4,131,14,63,91,512/2019
ORMA3,20,5A/D5,40,912/2019
OSMEN6,362,810,95,9012/2019
OSTIM1,50,927,713,42,712/2019
OTKAR105,647,27,21,312/2019
OYAYO4,422,914,800,912/2019
OYLUM2,782,8A/D18,91,712/2019
OZBAL1,3134,9A/D33,3312/2019
OZGYO1,10,7A/DA/DA/D12/2019
KodKapanış (TL)PD/DDF/KFD/FAVÖKFD/SatışlarSon Bilanço Dönemi
OZKGY2,330,32,7A/DA/D12/2019
OZRDN2,382,6A/DA/D1,512/2019
PAGYO4,170,45,8A/DA/D12/2019
PAPIL8,233,434,2A/D1212/2019
PARSN11,81,4A/D19,13,512/2019
PEGYO0,70,8A/DA/DA/D12/2019
PEKGY2,340,5A/DA/DA/D12/2019
PENGD3,331,1A/DA/D1,712/2019
PETKM3,411,58,97,6112/2019
PETUN9,950,79,35,70,512/2019
PGSUS33,30,62,62,70,912/2019
PINSU2,862,5A/D11,21,412/2019
PKART8,323,322,514,90,812/2019
PKENT115,23,19,24,11,212/2019
PNSUT11,450,614,87,90,412/2019
POLHO1,93122,4A/DA/D12/2019
POLTK637,6A/D29,54,412/2018
PRKAB2,991,7185,30,312/2019
PRKME2,680,8A/DA/D37,812/2019
KodKapanış (TL)PD/DDF/KFD/FAVÖKFD/SatışlarSon Bilanço Dönemi
PRZMA5,162,9A/DA/D11,912/2019
PSDTC7,121,55,810,312/2019
QNBFB36,57,3A/DA/DA/D12/2019
QNBFL102,913,2A/DA/DA/D12/2019
RALYH87,8A/DA/DA/D12/2019
RAYSG3,011,99,8A/DA/D12/2019
RHEAG1,722,8A/DA/DA/D12/2019
RODRG1,360,98,34,30,712/2019
ROYAL1,611,7A/DA/D1,712/2018
RTALB4,16238,6A/D1012/2019
RYGYO6,070,92,7A/DA/D12/2019
RYSAS6,6115A/D7,82,812/2019
SAFKR2,571,517,17,60,812/2019
SAHOL7,390,54A/DA/D12/2019
SALIX4,677,3A/DA/DA/D12/2019
SAMAT1,532,9A/D8,40,412/2019
SANEL4,242,620,7A/D2,612/2019
SANFM5,363,719,4111,112/2019
SANKO5,171,613,931,40,512/2019
KodKapanış (TL)PD/DDF/KFD/FAVÖKFD/SatışlarSon Bilanço Dönemi
SARKY4,891,71110,40,412/2019
SASA8,422,76,6A/D412/2019
SAYAS2,423,7A/D11,9112/2019
SEKFK4,683A/DA/DA/D12/2019
SEKUR4,250,825,95,20,812/2019
SELEC7,121,46,44,70,212/2019
SELGD1,540,75,2A/D112/2019
SERVE1,76A/DA/D28,14,512/2019
SEYKM10,015,833,328,24,712/2019
SILVR1,982,1A/D17,60,412/2019
SISE4,180,64,94,6112/2019
SKBNK0,880,5A/DA/DA/D12/2019
SKTAS2,481,6A/D9,51,412/2019
SMART7,8431,813,59,212/2019
SNGYO1,011,64,1A/DA/D12/2019
SNKRN1,9611A/DA/D2,612/2019
SNPAM4,172,49,819,55,412/2019
SODA5,230,94,73,80,912/2019
SODSN14,72,87,75,21,412/2019
KodKapanış (TL)PD/DDF/KFD/FAVÖKFD/SatışlarSon Bilanço Dönemi
SOKM9,5A/DA/D5,10,512/2019
SONME4,221,210,8A/D37,712/2019
SRVGY10,21110,1A/DA/D12/2019
SUMAS8,41,44,62,30,512/2019
TACTR2,381,8A/DA/D7,212/2019
TATGD6,011,512,49,70,912/2019
TAVHL16,120,72,53,81,912/2019
TBORG12,873,29,55,21,912/2019
TCELL12,51,58,53,51,612/2019
TDGYO2,71,59,9A/DA/D12/2019
TEKTU0,870,3A/D28,29,912/2019
TGSAS3,020,93,92,61,512/2019
THYAO8,930,32,76,4112/2019
TIRE6,75,4A/D24,91,612/2019
TKFEN13,490,93,50,70,112/2019
TKNSA5,81A/DA/D3,50,312/2019
TKURU5,985,3A/DA/D3,112/2019
TLMAN8,571,93,52,91,812/2019
TMPOL4,6924,38,31,412/2019
KodKapanış (TL)PD/DDF/KFD/FAVÖKFD/SatışlarSon Bilanço Dönemi
TMSN4,540,7A/DA/D212/2019
TOASO16,761,95,73,80,512/2019
TRCAS2,421,2A/DA/D27,412/2019
TRGYO2,010,22,3A/DA/D12/2019
TRKCM2,990,654,60,812/2019
TSGYO1,511,58,7A/DA/D12/2019
TSKB0,910,53,5A/DA/D12/2019
TSPOR2,85A/D18,87,43,46/2019
TTKOM6,492,49,43,51,612/2019
TTRAK422,9207,80,812/2019
TUCLK3,591,1A/D8,9112/2019
TUKAS8,528,321,717,14,312/2019
TUPRS84,81,6A/D7,80,312/2019
TURGG29,21,4A/DA/D012/2019
UFUK2,990,7A/DA/DA/D12/2019
ULAS1,620,7A/DA/DA/D12/2019
ULKER20,41,67,76112/2019
ULUSE28,02621,616,34,49/2019
ULUUN4,331,313,65,50,212/2019
KodKapanış (TL)PD/DDF/KFD/FAVÖKFD/SatışlarSon Bilanço Dönemi
UMPAS0,442,2A/DA/DA/D12/2019
UNYEC3,841,711,97,81,512/2019
USAK1,20,511,351,212/2019
UTPYA3,751A/D3,10,912/2019
UZERB2,737,6A/DA/D10,612/2019
VAKBN4,460,33,2A/DA/D12/2019
VAKFN1,6719,3A/DA/D12/2019
VAKKO3,861,97,43,40,812/2019
VANGD1,241,1A/DA/D4,312/2019
VERTU3,6616,1A/D0,612/2019
VERUS14,823,216,7A/DA/D12/2019
VESBE15,61,65,240,512/2019
VESTL10,20,910,63,80,512/2019
VKFYO1,691,828,811,3A/D12/2019
VKGYO1,980,44,7A/DA/D12/2019
VKING3,732,1A/D171,312/2019
YAPRK8,172,23210,62,312/2019
YATAS5,532,19,64,90,912/2019
YAYLA1,531,1A/DA/D5,112/2019
KodKapanış (TL)PD/DDF/KFD/FAVÖKFD/SatışlarSon Bilanço Dönemi
YBTAS4795,93,6A/DA/D10,612/2019
YESIL8,420,21,1A/DA/D12/2019
YGGYO12,850,96A/DA/D12/2019
YGYO0,4314,1A/DA/DA/D12/2019
YKBNK1,820,44,3A/DA/D12/2019
YKGYO2,09121,6A/DA/D12/2019
YKSLN5,821,8149,31,412/2019
YONGA9,254,1A/DA/D2,312/2019
YUNSA8,472,8A/D11,50,812/2019
YYAPI0,40,3A/DA/DA/D12/2019
ZOREN1,091,2A/D7,81,712/2019