Financials Garanti Yatirim Ortakligi

Equities

GRNYO

TRAGRNYO91Q5

Investment Management & Fund Operators

Market Closed - Borsa Istanbul 11:08:01 2024-05-10 am EDT 5-day change 1st Jan Change
11.2 TRY +2.75% Intraday chart for Garanti Yatirim Ortakligi +3.70% +67.66%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 26.46 37.8 121.1 94.5 175.9 250.5
Enterprise Value (EV) 1 -9.441 7.251 84.44 53.03 128.4 199.1
P/E ratio 11.4 x 10.4 x 101 x 94.3 x 16.5 x -16.9 x
Yield 8.13% 8.93% 0.31% 0.42% 1.19% -
Capitalization / Revenue 0.93 x 0.92 x 2.77 x 0.68 x 0.94 x 1.02 x
EV / Revenue -0.33 x 0.18 x 1.93 x 0.38 x 0.69 x 0.81 x
EV / EBITDA -4.02 x 1.88 x 60.5 x 46.2 x 11.9 x 23.6 x
EV / FCF -37.1 x -1.61 x 12.8 x 11.1 x 57.8 x -11.6 x
FCF Yield -2.69% -62.2% 7.83% 8.98% 1.73% -8.59%
Price to Book 0.7 x 0.93 x 2.96 x 2.28 x 3.41 x 3.69 x
Nbr of stocks (in thousands) 37,500 37,500 37,500 37,500 37,500 37,500
Reference price 2 0.7057 1.008 3.230 2.520 4.690 6.680
Announcement Date 1/31/19 1/28/20 1/26/21 1/31/22 1/30/23 4/2/24
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 28.59 40.96 43.77 138.8 186.4 245.8
EBITDA 1 2.348 3.863 1.396 1.149 10.77 8.437
EBIT 1 2.322 3.832 1.368 1.124 10.73 8.314
Operating Margin 8.12% 9.36% 3.13% 0.81% 5.76% 3.38%
Earnings before Tax (EBT) 1 2.322 3.639 1.202 1.002 10.65 -14.83
Net income 1 2.322 3.639 1.202 1.002 10.65 -14.83
Net margin 8.12% 8.88% 2.75% 0.72% 5.72% -6.03%
EPS 2 0.0619 0.0970 0.0320 0.0267 0.2841 -0.3955
Free Cash Flow 1 0.2542 -4.508 6.611 4.759 2.222 -17.11
FCF margin 0.89% -11.01% 15.11% 3.43% 1.19% -6.96%
FCF Conversion (EBITDA) 10.83% - 473.74% 414.29% 20.63% -
FCF Conversion (Net income) 10.95% - 550.25% 475.07% 20.86% -
Dividend per Share 2 0.0574 0.0900 0.0100 0.0107 0.0560 -
Announcement Date 1/31/19 1/28/20 1/26/21 1/31/22 1/30/23 4/2/24
1TRY in Million2TRY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 35.9 30.5 36.7 41.5 47.5 51.4
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 0.25 -4.51 6.61 4.76 2.22 -17.1
ROE (net income / shareholders' equity) 6.31% 9.29% 2.95% 2.43% 22.9% -19.3%
ROA (Net income/ Total Assets) 3.87% 5.93% 2% 1.65% 14.1% 6.23%
Assets 1 59.95 61.37 60.01 60.78 75.79 -237.9
Book Value Per Share 2 1.010 1.080 1.090 1.110 1.380 1.810
Cash Flow per Share 2 0.3100 0.5300 0.1700 1.120 0.0600 0
Capex 1 0.04 0.04 - 0.04 0.07 0.23
Capex / Sales 0.13% 0.09% - 0.03% 0.04% 0.09%
Announcement Date 1/31/19 1/28/20 1/26/21 1/31/22 1/30/23 4/2/24
1TRY in Million2TRY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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