Financials Bagfas Bandirma Gubre Fabrikalari

Equities

BAGFS

TRABAGFS91E2

Agricultural Chemicals

Market Closed - Borsa Istanbul 11:09:20 2024-04-30 am EDT 5-day change 1st Jan Change
24.14 TRY -0.17% Intraday chart for Bagfas Bandirma Gubre Fabrikalari -2.97% -26.72%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 472.5 216.9 756.9 900 2,362 5,416
Enterprise Value (EV) 1 854.4 794.1 1,297 1,402 2,729 6,557
P/E ratio -46.3 x -2.01 x 9.25 x -21.8 x 5.1 x 4.94 x
Yield - - - - - 0.63%
Capitalization / Revenue 0.91 x 0.61 x 0.87 x 0.87 x 1.36 x 1.39 x
EV / Revenue 1.64 x 2.23 x 1.49 x 1.35 x 1.57 x 1.69 x
EV / EBITDA 7.76 x 21.1 x 7.46 x 7.19 x 4.06 x 6.9 x
EV / FCF 11.8 x -6.84 x 10.2 x 12.7 x 4.9 x -5.08 x
FCF Yield 8.46% -14.6% 9.85% 7.87% 20.4% -19.7%
Price to Book 1 x 0.6 x 1.7 x 2.26 x 3.61 x 3.09 x
Nbr of stocks (in thousands) 45,000 45,000 45,000 45,000 135,000 135,000
Reference price 2 10.50 4.820 16.82 20.00 17.50 40.12
Announcement Date 2/26/18 2/28/19 2/27/20 3/3/21 3/3/22 3/10/23
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 519.6 356.7 872.1 1,037 1,740 3,887
EBITDA 1 110.1 37.65 173.9 194.9 673 950.2
EBIT 1 67.77 -7.205 126 146.7 621.9 876.6
Operating Margin 13.04% -2.02% 14.45% 14.15% 35.74% 22.55%
Earnings before Tax (EBT) 1 -50.73 -208.9 14.54 -93.06 44.22 399
Net income 1 -10.21 -107.7 81.82 -41.21 155.4 1,096
Net margin -1.97% -30.2% 9.38% -3.97% 8.93% 28.19%
EPS 2 -0.2269 -2.394 1.818 -0.9157 3.435 8.117
Free Cash Flow 1 72.25 -116.1 127.7 110.2 557.3 -1,291
FCF margin 13.91% -32.54% 14.65% 10.63% 32.02% -33.22%
FCF Conversion (EBITDA) 65.64% - 73.48% 56.57% 82.8% -
FCF Conversion (Net income) - - 156.14% - 358.59% -
Dividend per Share - - - - - 0.2531
Announcement Date 2/26/18 2/28/19 2/27/20 3/3/21 3/3/22 3/10/23
1TRY in Million2TRY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 382 577 540 502 367 1,141
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 3.47 x 15.33 x 3.107 x 2.575 x 0.545 x 1.201 x
Free Cash Flow 1 72.2 -116 128 110 557 -1,291
ROE (net income / shareholders' equity) -2.13% -25.8% 20.3% -9.77% 29.5% 91.1%
ROA (Net income/ Total Assets) 3.55% -0.36% 5.4% 5.16% 15% 13.9%
Assets 1 -287.9 30,085 1,516 -799.2 1,037 7,870
Book Value Per Share 2 10.50 8.070 9.890 8.850 4.850 13.00
Cash Flow per Share 2 2.580 0.6400 4.210 9.130 7.660 4.730
Capex 1 35.6 85.4 50.9 52.1 238 200
Capex / Sales 6.86% 23.95% 5.84% 5.02% 13.68% 5.14%
Announcement Date 2/26/18 2/28/19 2/27/20 3/3/21 3/3/22 3/10/23
1TRY in Million2TRY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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