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Metrics | Range | Conclusion |
---|---|---|
Selected LTM P/E Multiple | -6.7x - -7.4x | -7.1x |
Selected Fwd P/E Multiple | 8.2x - 9.1x | 8.7x |
Fair Value | ₺22.03 - ₺24.35 | ₺23.19 |
Upside | -13.4% - -4.3% | -8.8% |
Benchmarks | - | Full Ticker |
Ayes Celik Hasir Ve Cit Sanayi A.S. | - | IBSE:AYES |
Erciyas Çelik Boru Sanayi A.S. | - | IBSE:ERCB |
Çemas Döküm Sanayi A.S. | - | IBSE:CEMAS |
Koza Anadolu Metal Madencilik Isletmeleri A.S. | - | IBSE:KOZAA |
CVK Maden Isletmeleri Sanayi ve Ticaret Anonim Sirketi | - | IBSE:CVKMD |
Dofer Yapi Malzemeleri Sanayi ve Ticaret A.S. | - | IBSE:DOFER |
- | - | - |
Select Price / LTM EPS Ratio | ||||||||
Benchmark Companies | ||||||||
AYES | ERCB | CEMAS | KOZAA | CVKMD | DOFER | |||
IBSE:AYES | IBSE:ERCB | IBSE:CEMAS | IBSE:KOZAA | IBSE:CVKMD | IBSE:DOFER | |||
Historical Net Income Growth | ||||||||
5Y CAGR | 93.6% | 1.0% | NM- | NM- | NM- | NM- | ||
3Y CAGR | 15.9% | 5.0% | NM- | NM- | 189.5% | NM- | ||
Latest Twelve Months | -52.2% | -69.0% | -12.4% | -466.2% | 118.9% | NM | ||
Historical Net Income Profit Margin | ||||||||
5 Year Average Margin | 1.7% | 3.9% | 13.7% | 25.7% | 21.7% | 0.8% | ||
Prior Fiscal Year | 1.5% | 1.1% | -18.3% | 4.2% | 17.0% | 1.2% | ||
Latest Fiscal Year | 0.7% | 0.4% | -26.1% | -20.8% | 30.4% | 6.0% | ||
Latest Twelve Months | 0.7% | 0.4% | -26.1% | -20.8% | 30.4% | -5.6% | ||
Current Trading Multiples | ||||||||
EV / LTM EBITDA | 45.8x | 16.4x | 58.7x | 28.9x | 19.6x | 101.3x | ||
Price / LTM Sales | 0.2x | 0.9x | 1.8x | 3.4x | 4.9x | 0.6x | ||
LTM P/E Ratio | 23.1x | 225.4x | -7.0x | -16.1x | 16.1x | -10.0x | ||
Low | Mid | High | ||||||
Benchmark LTM P/E Ratio | -16.1x | 16.1x | 225.4x | |||||
Historical LTM P/E Ratio | 0.0x | NM | 0.0x | |||||
Selected P/E Multiple | -6.7x | -7.1x | -7.4x | |||||
(x) LTM Net Income | (142) | (142) | (142) | |||||
(=) Equity Value | 956 | 1,006 | 1,056 | |||||
(/) Shares Outstanding | 55.8 | 55.8 | 55.8 | |||||
Implied Value Range | 17.14 | 18.05 | 18.95 | |||||
FX Rate: TRY/TRY | 1.0 | 1.0 | 1.0 | Market Price | ||||
Implied Value Range (Trading Cur) | 17.14 | 18.05 | 18.95 | 25.44 | ||||
Upside / (Downside) | -32.6% | -29.1% | -25.5% |
Equity Value | |||||||
Benchmark Companies | |||||||
(in millions) | AYES | ERCB | CEMAS | KOZAA | CVKMD | DOFER | |
Value of Common Equity | 1,290 | 6,439 | 3,441 | 30,775 | 16,310 | 1,418 | |
(/) Shares Outstanding | 150.0 | 77.8 | 791.0 | 388.1 | 1,400.0 | 55.8 | |
Implied Stock Price | 8.60 | 82.80 | 4.35 | 79.30 | 11.65 | 25.44 | |
FX Conversion Rate to Trading Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | |
Implied Stock Price (Trading Cur) | 8.60 | 82.80 | 4.35 | 79.30 | 11.65 | 25.44 | |
Trading Currency | TRY | TRY | TRY | TRY | TRY | TRY | |
FX Rate to Reporting Currency | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |