Financials Akis Gayrimenkul Yatirim Ortakligi

Equities

AKSGY

TREAIGY00017

Diversified REITs

Market Closed - Borsa Istanbul 11:08:00 2024-04-29 am EDT 5-day change 1st Jan Change
18.08 TRY +9.98% Intraday chart for Akis Gayrimenkul Yatirim Ortakligi +11.40% +52.96%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,101 1,738 1,958 1,344 6,319 9,515
Enterprise Value (EV) 1 2,917 3,675 4,258 4,196 9,179 11,627
P/E ratio 1.07 x 3.16 x -4.27 x 13.9 x 1.14 x 2.83 x
Yield 9.81% - - - - -
Capitalization / Revenue 2.79 x 3.99 x 6.52 x 3.25 x 7.21 x 3.86 x
EV / Revenue 7.39 x 8.44 x 14.2 x 10.1 x 10.5 x 4.72 x
EV / EBITDA 11.2 x 13 x 26.9 x 12.1 x 15.7 x 7.91 x
EV / FCF 133 x 27.1 x -123 x 5.45 x 194 x 16.8 x
FCF Yield 0.75% 3.68% -0.81% 18.3% 0.51% 5.96%
Price to Book 0.3 x 0.43 x 0.54 x 0.32 x 0.64 x 0.47 x
Nbr of stocks (in thousands) 554,700 554,700 554,700 805,000 805,000 805,000
Reference price 2 1.985 3.132 3.530 1.670 7.850 11.82
Announcement Date 2/27/19 2/28/20 2/26/21 2/25/22 3/6/23 3/15/24
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 394.6 435.6 300.2 413.9 876.9 2,463
EBITDA 1 259.7 282.5 158.5 347.2 584.7 1,469
EBIT 1 255 278.4 154.7 343.5 580.6 1,449
Operating Margin 64.62% 63.9% 51.54% 82.98% 66.21% 58.85%
Earnings before Tax (EBT) 1 1,030 549.3 -458.2 239.1 5,546 3,383
Net income 1 1,030 549 -458.4 237.9 5,564 3,358
Net margin 261% 126.03% -152.7% 57.48% 634.45% 136.38%
EPS 2 1.857 0.9898 -0.8265 0.1200 6.911 4.172
Free Cash Flow 1 21.89 135.4 -34.59 769.6 47.27 692.5
FCF margin 5.55% 31.08% -11.52% 185.93% 5.39% 28.12%
FCF Conversion (EBITDA) 8.43% 47.93% - 221.66% 8.08% 47.13%
FCF Conversion (Net income) 2.13% 24.66% - 323.48% 0.85% 20.62%
Dividend per Share 2 0.1947 - - - - -
Announcement Date 2/27/19 2/28/20 2/26/21 2/25/22 3/6/23 3/15/24
1TRY in Million2TRY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,816 1,937 2,300 2,852 2,860 2,112
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 6.994 x 6.857 x 14.51 x 8.213 x 4.892 x 1.437 x
Free Cash Flow 1 21.9 135 -34.6 770 47.3 692
ROE (net income / shareholders' equity) 33.6% 14.4% -12% 6.14% 79.7% 18.1%
ROA (Net income/ Total Assets) 3.22% 2.92% 1.56% 3.1% 3.36% 3.81%
Assets 1 31,940 18,793 -29,401 7,666 165,532 88,065
Book Value Per Share 2 6.550 7.250 6.500 5.140 12.20 25.10
Cash Flow per Share 2 0.1700 0.4400 0.2500 0.3300 0.7100 0.9800
Capex 1 2.21 1.98 1.74 4.26 9.22 15.3
Capex / Sales 0.56% 0.46% 0.58% 1.03% 1.05% 0.62%
Announcement Date 2/27/19 2/28/20 2/26/21 2/25/22 3/6/23 3/15/24
1TRY in Million2TRY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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