BRISA BRIDGESTONE SABANCI LASTIK SANAYI VE TICARET Financials Brisa Bridgestone Sabanci Lastik Sanayi ve Ticaret
Equities
BRISA
TRABRISA91E3
Tires & Rubber Products
|
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 119.2 TRY | -2.69% |
|
-8.80% | +54.30% |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 2,902 | 6,084 | 8,879 | 18,166 | 23,586 | 36,394 | - | - |
| Enterprise Value (EV) 1 | 5,185 | 7,713 | 10,190 | 18,166 | 24,743 | 40,628 | 39,818 | 39,850 |
| P/E ratio | - | 11.8 x | 9.25 x | - | 6.17 x | 11.2 x | 7.02 x | 5.07 x |
| Yield | - | 4.05% | 6.97% | - | - | 4.45% | 7.12% | 9.87% |
| Capitalization / Revenue | 0.82 x | 1.44 x | 1.34 x | 1.29 x | 0.89 x | 1.19 x | 0.84 x | 0.67 x |
| EV / Revenue | 1.46 x | 1.82 x | 1.54 x | 1.29 x | 0.93 x | 1.32 x | 0.91 x | 0.73 x |
| EV / EBITDA | 8.48 x | 8.06 x | 6.89 x | 6.19 x | 6.1 x | 6.6 x | 4.45 x | 3.52 x |
| EV / FCF | 8.06 x | 10.4 x | 7.66 x | - | 11.6 x | 19.7 x | 20.3 x | 8.5 x |
| FCF Yield | 12.4% | 9.63% | 13.1% | - | 8.61% | 5.09% | 4.91% | 11.8% |
| Price to Book | - | 4.23 x | 3.97 x | - | - | 5.27 x | 3.53 x | - |
| Nbr of stocks (in thousands) | 305,117 | 305,117 | 305,117 | 305,317 | 305,317 | 305,317 | - | - |
| Reference price 2 | 9.510 | 19.94 | 29.10 | 59.50 | 77.25 | 119.2 | 119.2 | 119.2 |
| Announcement Date | 2/19/20 | 2/19/21 | 2/19/22 | 2/22/23 | 3/18/24 | - | - | - |
1TRY in Million2TRY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 3,558 | 4,237 | 6,634 | 14,081 | 26,498 | 30,681 | 43,561 | 54,596 |
| EBITDA 1 | 611.4 | 957.3 | 1,480 | 2,937 | 4,056 | 6,155 | 8,953 | 11,306 |
| EBIT 1 | 421.9 | 734.1 | 1,243 | 2,000 | 2,583 | 5,164 | 7,657 | 9,706 |
| Operating Margin | 11.86% | 17.33% | 18.74% | 14.2% | 9.75% | 16.83% | 17.58% | 17.78% |
| Earnings before Tax (EBT) 1 | - | 475.3 | 885.5 | 1,866 | 3,289 | 4,046 | 6,472 | 8,971 |
| Net income 1 | 114 | 539.9 | 1,005 | 1,980 | 3,986 | 3,237 | 5,178 | 7,177 |
| Net margin | 3.2% | 12.74% | 15.14% | 14.06% | 15.04% | 10.55% | 11.89% | 13.15% |
| EPS 2 | - | 1.692 | 3.147 | - | 12.52 | 10.61 | 16.97 | 23.52 |
| Free Cash Flow 1 | 643.2 | 743 | 1,331 | - | 2,131 | 2,067 | 1,957 | 4,690 |
| FCF margin | 18.08% | 17.54% | 20.07% | - | 8.04% | 6.74% | 4.49% | 8.59% |
| FCF Conversion (EBITDA) | 105.21% | 77.61% | 89.96% | - | 52.53% | 33.58% | 21.86% | 41.48% |
| FCF Conversion (Net income) | 564.16% | 137.61% | 132.51% | - | 53.46% | 63.86% | 37.79% | 65.35% |
| Dividend per Share 2 | - | 0.8070 | 2.028 | - | - | 5.304 | 8.485 | 11.76 |
| Announcement Date | 2/19/20 | 2/19/21 | 2/19/22 | 2/22/23 | 3/18/24 | - | - | - |
1TRY in Million2TRY
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: December | 2021 S1 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 S1 | 2022 Q3 | 2022 Q4 | 2023 Q2 | 2023 Q3 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 2,972 | 1,532 | 2,130 | 2,714 | 3,238 | 5,952 | - | 4,505 | - | 5,475 |
| EBITDA 1 | 726.7 | 326.5 | 426.5 | 791.5 | 548.5 | 1,340 | - | 858.6 | - | 1,299 |
| EBIT | 508.2 | 266.9 | - | 727.5 | 288.3 | 906.7 | - | - | - | - |
| Operating Margin | 17.1% | 17.42% | - | 26.8% | 8.9% | 15.23% | - | - | - | - |
| Earnings before Tax (EBT) | 476.2 | 166.8 | - | 631.3 | 307.4 | 938.7 | - | 440.7 | - | - |
| Net income 1 | 499.7 | 170.3 | 334.6 | 612.9 | 304.9 | 917.8 | 552.8 | 509.8 | 603.2 | 1,001 |
| Net margin | 16.81% | 11.11% | 15.71% | 22.58% | 9.42% | 15.42% | - | 11.31% | - | 18.28% |
| EPS | - | - | - | - | - | - | 1.746 | - | 1.873 | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 8/10/21 | 11/1/21 | 2/19/22 | 5/5/22 | 8/10/22 | 8/10/22 | 10/27/22 | 2/22/23 | 8/7/23 | 11/1/23 |
1TRY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 2,283 | 1,629 | 1,311 | - | 1,157 | 4,234 | 3,424 | 3,456 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.734 x | 1.701 x | 0.8862 x | - | 0.2852 x | 0.6879 x | 0.3824 x | 0.3057 x |
| Free Cash Flow 1 | 643 | 743 | 1,331 | - | 2,131 | 2,067 | 1,957 | 4,690 |
| ROE (net income / shareholders' equity) | 12.5% | 46.2% | 53.6% | - | 32% | 54.7% | 60.1% | 48.9% |
| ROA (Net income/ Total Assets) | 2.32% | 9.52% | 12.3% | - | - | - | - | - |
| Assets 1 | 4,919 | 5,670 | 8,175 | - | - | - | - | - |
| Book Value Per Share 2 | - | 4.710 | 7.330 | - | - | 22.60 | 33.80 | - |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 268 | 242 | 440 | - | 1,341 | 3,246 | 3,919 | 3,062 |
| Capex / Sales | 7.53% | 5.71% | 6.63% | - | 5.06% | 10.58% | 9% | 5.61% |
| Announcement Date | 2/19/20 | 2/19/21 | 2/19/22 | 2/22/23 | 3/18/24 | - | - | - |
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
A-
Sell
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
119.2
TRY
Average target price
120.2
TRY
Spread / Average Target
+0.80%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +54.30% | 1.12B | |
| +0.51% | 6.62B | |
| +21.41% | 6.39B | |
| -7.58% | 5.5B | |
| +24.89% | 5.03B | |
| +2.23% | 4.56B | |
| +17.11% | 4.55B | |
| +8.45% | 3.75B | |
| +25.05% | 3.65B | |
| +43.04% | 3.08B |
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- Financials Brisa Bridgestone Sabanci Lastik Sanayi ve Ticaret
