Financials Akfen Gayrimenkul Yatirim Ortakligi

Equities

AKFGY

TREAKFG00012

Specialized REITs

Market Closed - Borsa Istanbul 11:09:17 2024-04-26 am EDT 5-day change 1st Jan Change
2.26 TRY +0.44% Intraday chart for Akfen Gayrimenkul Yatirim Ortakligi +3.20% +14.72%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 303.6 745.2 894.2 9,555 6,864 2,502
Enterprise Value (EV) 1 1,698 2,224 2,801 11,477 10,261 5,320
P/E ratio 3.84 x 4.91 x -3.72 x 3.14 x 2.23 x 3.97 x
Yield - - - - - -
Capitalization / Revenue 3.09 x 1.55 x 13.7 x 50.5 x 10 x 2.18 x
EV / Revenue 17.3 x 4.62 x 43 x 60.6 x 14.9 x 4.64 x
EV / EBITDA 24.1 x 14.9 x 56.5 x 67.5 x 15.8 x 5.18 x
EV / FCF -26.1 x 29.9 x -145 x 268 x 79 x -4.5 x
FCF Yield -3.82% 3.35% -0.69% 0.37% 1.27% -22.2%
Price to Book 0.41 x 0.77 x 1.24 x 2.23 x 0.89 x 0.49 x
Nbr of stocks (in thousands) 265,778 265,778 265,778 1,300,000 1,300,000 1,270,000
Reference price 2 1.142 2.804 3.365 7.350 5.280 1.970
Announcement Date 2/21/19 2/17/20 2/12/21 1/27/22 2/22/23 4/16/24
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 98.12 481.9 65.09 189.3 686.5 1,146
EBITDA 1 70.53 149.3 49.61 170 651.3 1,027
EBIT 1 70.49 149.2 49.56 166.6 649.1 1,021
Operating Margin 71.83% 30.97% 76.14% 88% 94.55% 89.09%
Earnings before Tax (EBT) 1 160 203.3 -210.9 2,362 3,503 593.7
Net income 1 104.5 165.4 -240.4 2,084 3,082 726.4
Net margin 106.49% 34.31% -369.38% 1,100.77% 448.98% 63.38%
EPS 2 0.2973 0.5710 -0.9046 2.340 2.370 0.4961
Free Cash Flow 1 -64.95 74.47 -19.37 42.78 129.9 -1,182
FCF margin -66.19% 15.45% -29.76% 22.6% 18.92% -103.12%
FCF Conversion (EBITDA) - 49.89% - 25.17% 19.94% -
FCF Conversion (Net income) - 45.04% - 2.05% 4.21% -
Dividend per Share - - - - - -
Announcement Date 2/21/19 2/17/20 2/12/21 1/27/22 2/22/23 4/16/24
1TRY in Million2TRY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,395 1,479 1,907 1,922 3,397 2,818
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 19.77 x 9.91 x 38.45 x 11.31 x 5.216 x 2.745 x
Free Cash Flow 1 -64.9 74.5 -19.4 42.8 130 -1,182
ROE (net income / shareholders' equity) 15.2% 20.1% -28.6% 83.3% 51.3% 5.07%
ROA (Net income/ Total Assets) 2.1% 3.66% 1.11% 2.13% 4.22% 2.91%
Assets 1 4,975 4,521 -21,605 97,737 73,127 24,979
Book Value Per Share 2 2.790 3.640 2.700 3.300 5.950 4.020
Cash Flow per Share 2 0 0.1000 0.0400 0.0500 0.0900 0.5600
Capex 1 0.03 0 0.39 0.68 0.03 0.9
Capex / Sales 0.03% 0% 0.6% 0.36% 0% 0.08%
Announcement Date 2/21/19 2/17/20 2/12/21 1/27/22 2/22/23 4/16/24
1TRY in Million2TRY
Estimates
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