PETKIM PETROKIMYA HOLDING ANONIM SIRKETI |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 20.16 TRY | +0.70% |
|
-3.91% | +10.71% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 8,047 | 12,621 | 19,768 | 50,587 | 46,151 | 51,094 | - | - |
| Enterprise Value (EV) 1 | 12,534 | 17,312 | 28,209 | 64,882 | 46,151 | 75,510 | 72,200 | 51,094 |
| P/E ratio | 9.89 x | 11.6 x | 3.63 x | 7.69 x | 6.25 x | 6.78 x | 5.25 x | 5.33 x |
| Yield | - | - | - | - | - | 2.6% | 3.46% | - |
| Capitalization / Revenue | 0.69 x | 1.04 x | 0.69 x | 1.03 x | 0.76 x | 0.63 x | 0.56 x | 0.41 x |
| EV / Revenue | 1.07 x | 1.43 x | 0.98 x | 1.33 x | 0.76 x | 0.93 x | 0.79 x | 0.41 x |
| EV / EBITDA | 8.19 x | 9.56 x | 4.63 x | 19.1 x | -21.8 x | 9.23 x | 6.41 x | 5.77 x |
| EV / FCF | 17.3 x | 9.81 x | 18.3 x | 170 x | - | 42.7 x | 24.5 x | -182 x |
| FCF Yield | 5.78% | 10.2% | 5.46% | 0.59% | - | 2.34% | 4.08% | -0.55% |
| Price to Book | 1.66 x | 1.66 x | 1.55 x | 2.66 x | - | 1.22 x | 1.04 x | 0.65 x |
| Nbr of stocks (in thousands) | 2,534,400 | 2,534,400 | 2,534,400 | 2,534,400 | 2,534,400 | 2,534,400 | - | - |
| Reference price 2 | 3.175 | 4.980 | 7.800 | 19.96 | 18.21 | 20.16 | 20.16 | 20.16 |
| Announcement Date | 3/2/20 | 3/2/21 | 2/28/22 | 1/30/23 | 3/26/24 | - | - | - |
1TRY in Million2TRY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 11,672 | 12,134 | 28,716 | 48,898 | 60,441 | 81,515 | 91,910 | 125,086 |
| EBITDA 1 | 1,531 | 1,810 | 6,090 | 3,390 | -2,121 | 8,180 | 11,264 | 8,849 |
| EBIT 1 | 1,195 | 1,387 | 5,550 | 2,484 | -6,379 | 7,332 | 9,953 | 4,928 |
| Operating Margin | 10.24% | 11.43% | 19.33% | 5.08% | -10.55% | 9% | 10.83% | 3.94% |
| Earnings before Tax (EBT) 1 | 858.7 | 1,270 | 6,652 | 4,678 | 9,277 | 10,034 | 11,657 | 14,626 |
| Net income 1 | 813.3 | 1,088 | 5,452 | 6,580 | 7,390 | 8,546 | 11,053 | 9,590 |
| Net margin | 6.97% | 8.96% | 18.99% | 13.46% | 12.23% | 10.48% | 12.03% | 7.67% |
| EPS 2 | 0.3209 | 0.4292 | 2.151 | 2.596 | 2.916 | 2.973 | 3.842 | 3.780 |
| Free Cash Flow 1 | 724.8 | 1,765 | 1,540 | 381.4 | - | 1,769 | 2,948 | -280.9 |
| FCF margin | 6.21% | 14.54% | 5.36% | 0.78% | - | 2.17% | 3.21% | -0.22% |
| FCF Conversion (EBITDA) | 47.35% | 97.49% | 25.29% | 11.25% | - | 21.62% | 26.17% | - |
| FCF Conversion (Net income) | 89.12% | 162.25% | 28.25% | 5.8% | - | 20.7% | 26.67% | - |
| Dividend per Share 2 | - | - | - | - | - | 0.5250 | 0.6979 | - |
| Announcement Date | 3/2/20 | 3/2/21 | 2/28/22 | 1/30/23 | 3/26/24 | - | - | - |
1TRY in Million2TRY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 6,735 | 9,550 | 11,421 | 14,369 | 14,201 | 8,908 | 9,198 | 10,612 | 13,189 | 27,442 |
| EBITDA 1 | 1,547 | 1,692 | 1,553 | 1,299 | 686.5 | -148.6 | -243.1 | 19.16 | 1,233 | -3,130 |
| EBIT | 1,183 | - | 1,369 | 1,465 | - | - | - | - | - | - |
| Operating Margin | 17.56% | - | 11.99% | 10.2% | - | - | - | - | - | - |
| Earnings before Tax (EBT) | 1,629 | 2,150 | 2,086 | - | - | - | - | - | - | - |
| Net income 1 | 1,702 | 1,529 | 1,754 | 2,509 | 1,495 | 822.2 | 154.7 | 134.4 | 2,418 | 4,683 |
| Net margin | 25.28% | 16.01% | 15.36% | 17.46% | 10.53% | 9.23% | 1.68% | 1.27% | 18.33% | 17.07% |
| EPS | - | - | - | - | - | - | - | - | - | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/8/21 | 2/28/22 | 5/9/22 | 8/11/22 | 11/8/22 | 1/30/23 | 5/9/23 | 8/10/23 | 11/8/23 | 3/26/24 |
1TRY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 4,487 | 4,691 | 8,441 | 14,295 | - | 24,417 | 21,106 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.931 x | 2.591 x | 1.386 x | 4.217 x | - | 2.985 x | 1.874 x | - |
| Free Cash Flow 1 | 725 | 1,765 | 1,540 | 381 | - | 1,769 | 2,948 | -281 |
| ROE (net income / shareholders' equity) | 18.2% | 15.4% | 53.7% | 41.5% | - | 10.7% | 23.7% | 12.9% |
| ROA (Net income/ Total Assets) | 5.94% | 5.93% | 21.6% | 15.5% | - | 6.2% | 8.47% | 7.2% |
| Assets 1 | 13,695 | 18,343 | 25,206 | 42,545 | - | 137,841 | 130,550 | 133,194 |
| Book Value Per Share 2 | 1.920 | 3.000 | 5.020 | 7.510 | - | 16.50 | 19.40 | 31.20 |
| Cash Flow per Share 2 | 0.5400 | 1.010 | 1.040 | 1.770 | - | 1.150 | 2.930 | - |
| Capex 1 | 656 | 782 | 1,088 | 4,108 | - | 2,406 | 2,612 | 3,737 |
| Capex / Sales | 5.62% | 6.45% | 3.79% | 8.4% | - | 2.95% | 2.84% | 2.99% |
| Announcement Date | 3/2/20 | 3/2/21 | 2/28/22 | 1/30/23 | 3/26/24 | - | - | - |
1TRY in Million2TRY
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
9
Last Close Price
20.16
TRY
Average target price
23.21
TRY
Spread / Average Target
+15.13%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +10.71% | 1.59B | |
| +8.33% | 41.78B | |
| -20.44% | 21.93B | |
| -13.38% | 13.45B | |
| -9.15% | 10.2B | |
| -8.49% | 9.8B | |
| +16.16% | 8.02B | |
| +10.42% | 6.91B | |
| -23.95% | 5.78B | |
| -29.11% | 3.37B |
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