Financials Dogus Gayrimenkul Yatirim Ortakligi

Equities

DGGYO

TRAOSGYO91Q1

Diversified REITs

Market Closed - Borsa Istanbul 11:09:06 2024-05-07 am EDT 5-day change 1st Jan Change
36.3 TRY +2.72% Intraday chart for Dogus Gayrimenkul Yatirim Ortakligi +7.40% +27.37%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 1,076 700.5 1,504 2,713 3,287 6,358
Enterprise Value (EV) 1 1,336 1,608 2,401 3,999 5,241 8,234
P/E ratio 19.7 x 176 x 15.6 x -7.48 x -14.3 x 2.39 x
Yield - - - - - -
Capitalization / Revenue 14.6 x 7.11 x 10.7 x 19.1 x 21.7 x 25.4 x
EV / Revenue 18.1 x 16.3 x 17.1 x 28.1 x 34.7 x 32.9 x
EV / EBITDA 27.9 x 23.6 x 21.9 x - - -
EV / FCF 134 x 56.6 x 38.2 x -226 x -15.9 x 17.6 x
FCF Yield 0.75% 1.77% 2.62% -0.44% -6.28% 5.69%
Price to Book 1.21 x 0.78 x 1.52 x 4.32 x 8.11 x 2.07 x
Nbr of stocks (in thousands) 332,008 332,008 332,008 332,008 332,008 332,008
Reference price 2 3.240 2.110 4.530 8.170 9.900 19.15
Announcement Date 2/21/18 2/22/19 2/20/20 12/7/21 2/23/22 2/28/23
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 73.92 98.56 140.4 142.2 151.2 250.1
EBITDA 1 47.96 68.06 109.5 - - -
EBIT 1 47.72 67.83 109.3 95.77 116.1 173.4
Operating Margin 64.56% 68.83% 77.85% 67.36% 76.83% 69.32%
Earnings before Tax (EBT) 1 54.07 3.934 95.04 -360.9 -328.8 2,665
Net income 1 54.07 3.934 95.04 -360.9 -229.3 2,665
Net margin 73.14% 3.99% 67.68% -253.82% -151.67% 1,065.5%
EPS 2 0.1648 0.0120 0.2900 -1.092 -0.6910 8.027
Free Cash Flow 1 10 28.38 62.86 -17.67 -329.2 468.6
FCF margin 13.53% 28.8% 44.76% -12.43% -217.77% 187.35%
FCF Conversion (EBITDA) 20.85% 41.7% 57.38% - - -
FCF Conversion (Net income) 18.5% 721.58% 66.13% - - 17.58%
Dividend per Share - - - - - -
Announcement Date 2/21/18 2/22/19 2/20/20 12/7/21 2/23/22 2/28/23
1TRY in Million2TRY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 260 907 897 1,287 1,954 1,876
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 5.431 x 13.33 x 8.189 x - - -
Free Cash Flow 1 10 28.4 62.9 -17.7 -329 469
ROE (net income / shareholders' equity) 6.33% 0.45% 10.2% -45% -63.9% 153%
ROA (Net income/ Total Assets) 2.7% 2.83% 3.6% 3.05% 3.3% 2.88%
Assets 1 2,000 139.2 2,642 -11,835 -6,953 92,661
Book Value Per Share 2 2.680 2.700 2.990 1.890 1.220 9.250
Cash Flow per Share 2 0.0300 0 0.0100 0.0300 0.0400 0.0500
Capex 1 0.03 0.16 0.06 0.01 0 0.1
Capex / Sales 0.04% 0.16% 0.04% 0% 0% 0.04%
Announcement Date 2/21/18 2/22/19 2/20/20 12/7/21 2/23/22 2/28/23
1TRY in Million2TRY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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