Financials Atakule Gayrimenkul Yatirim Ortakligi

Equities

AGYO

TRAAGYOW91Q2

Commercial REITs

Market Closed - Borsa Istanbul 11:09:29 2024-05-03 am EDT 5-day change 1st Jan Change
9.83 TRY +6.85% Intraday chart for Atakule Gayrimenkul Yatirim Ortakligi +11.70% +16.06%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 229.5 443.5 582.1 687.3 1,438 2,230
Enterprise Value (EV) 1 307.7 451.1 610.4 679.3 1,425 2,225
P/E ratio 11.3 x 13.7 x 457 x 10.8 x 1.21 x -
Yield - - - - - -
Capitalization / Revenue 20.2 x 14.2 x 22.6 x 19.8 x 18.5 x 11.1 x
EV / Revenue 27.1 x 14.4 x 23.7 x 19.6 x 18.3 x 11.1 x
EV / EBITDA -42.1 x 457 x 639 x 216 x 92.9 x 3.24 x
EV / FCF -124 x -5.66 x 396 x -396 x -1,608 x 5.51 x
FCF Yield -0.81% -17.7% 0.25% -0.25% -0.06% 18.2%
Price to Book 0.6 x 0.82 x 1.18 x 2.6 x 0.8 x -
Nbr of stocks (in thousands) 154,000 231,000 231,000 263,340 263,340 263,340
Reference price 2 1.490 1.920 2.520 2.610 5.460 8.470
Announcement Date 2/27/19 2/28/20 2/25/21 2/17/22 3/1/23 4/25/24
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 11.34 31.25 25.8 34.68 77.73 200.2
EBITDA 1 -7.303 0.9865 0.9556 3.14 15.34 685.9
EBIT 1 -8.337 0.307 0.2836 2.068 13.21 678.3
Operating Margin -73.5% 0.98% 1.1% 5.96% 16.99% 338.79%
Earnings before Tax (EBT) 1 20.35 31.1 1.287 80.55 1,186 646.5
Net income 1 20.35 31.1 1.273 80.58 1,186 646.6
Net margin 179.4% 99.51% 4.94% 232.37% 1,525.81% 322.96%
EPS 2 0.1321 0.1403 0.005512 0.2410 4.503 -
Free Cash Flow 1 -2.484 -79.62 1.542 -1.715 -0.8866 403.8
FCF margin -21.9% -254.78% 5.98% -4.95% -1.14% 201.68%
FCF Conversion (EBITDA) - - 161.39% - - 58.87%
FCF Conversion (Net income) - - 121.12% - - 62.45%
Dividend per Share - - - - - -
Announcement Date 2/27/19 2/28/20 2/25/21 2/17/22 3/1/23 4/25/24
1TRY in Million2TRY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 78.3 7.53 28.3 - - -
Net Cash position 1 - - - 8.03 12.3 5.95
Leverage (Debt/EBITDA) -10.72 x 7.634 x 29.56 x - - -
Free Cash Flow 1 -2.48 -79.6 1.54 -1.71 -0.89 404
ROE (net income / shareholders' equity) 5.45% 7.11% 0.26% 14.7% 99% 23.9%
ROA (Net income/ Total Assets) -1.19% 0.04% 0.03% 0.23% 0.68% 15.6%
Assets 1 -1,703 82,271 3,801 35,638 173,816 4,150
Book Value Per Share 2 2.490 2.350 2.130 1.000 6.800 -
Cash Flow per Share 2 0.0100 0 0 0.0100 0.0500 -
Capex 1 2.34 0.57 0.2 0.09 4.67 15.4
Capex / Sales 20.63% 1.83% 0.78% 0.27% 6.01% 7.68%
Announcement Date 2/27/19 2/28/20 2/25/21 2/17/22 3/1/23 4/25/24
1TRY in Million2TRY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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