Financials Enerjisa Enerji

Equities

ENJSA

TREENSA00014

Electric Utilities

Market Closed - Borsa Istanbul 11:09:59 2024-04-26 am EDT 5-day change 1st Jan Change
66.7 TRY +1.99% Intraday chart for Enerjisa Enerji +5.45% +46.46%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 8,728 14,775 15,212 42,589 53,786 78,777 - -
Enterprise Value (EV) 1 16,584 23,949 26,092 53,822 83,545 101,841 114,707 121,851
P/E ratio 8.4 x 13.6 x 6.67 x 2.94 x 11.9 x 9.55 x 6.98 x -
Yield 8.12% 7.67% 9.63% - - 6% 7.89% -
Capitalization / Revenue 0.45 x 0.68 x 0.5 x 0.5 x 0.32 x 0.45 x 0.34 x 0.26 x
EV / Revenue 0.85 x 1.1 x 0.85 x 0.64 x 0.5 x 0.58 x 0.49 x 0.41 x
EV / EBITDA 4.68 x 6.76 x 4.86 x 6.21 x 4.61 x 4.9 x 4.21 x 3.53 x
EV / FCF 7.93 x 14 x 16.8 x - 19.1 x 11.8 x 9.15 x 8.66 x
FCF Yield 12.6% 7.16% 5.96% - 5.23% 8.49% 10.9% 11.5%
Price to Book 1.28 x 2.07 x 1.63 x - 0.93 x 2.6 x 2.01 x -
Nbr of stocks (in thousands) 1,181,069 1,181,069 1,181,069 1,181,069 1,181,069 1,181,069 - -
Reference price 2 7.390 12.51 12.88 36.06 45.54 66.70 66.70 66.70
Announcement Date 2/19/20 2/22/21 2/18/22 2/23/23 3/8/24 - - -
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 19,453 21,757 30,548 84,449 168,665 176,367 234,750 300,029
EBITDA 1 3,547 3,540 5,372 8,663 18,131 20,797 27,261 34,501
EBIT 1 3,064 2,738 4,515 8,348 14,896 18,012 22,358 27,335
Operating Margin 15.75% 12.58% 14.78% 9.89% 8.83% 10.21% 9.52% 9.11%
Earnings before Tax (EBT) 1,391 1,413 3,143 4,447 - - - -
Net income 1 1,034 1,088 2,282 14,498 4,517 7,809 - -
Net margin 5.31% 5% 7.47% 17.17% 2.68% 4.43% - -
EPS 2 0.8800 0.9200 1.930 12.28 3.820 6.981 9.558 -
Free Cash Flow 1 2,091 1,715 1,554 - 4,366 8,651 12,540 14,073
FCF margin 10.75% 7.88% 5.09% - 2.59% 4.91% 5.34% 4.69%
FCF Conversion (EBITDA) 58.95% 48.44% 28.93% - 24.08% 41.6% 46% 40.79%
FCF Conversion (Net income) 202.28% 157.67% 68.08% - 96.65% 110.78% - -
Dividend per Share 2 0.6000 0.9600 1.240 - - 4.004 5.259 -
Announcement Date 2/19/20 2/22/21 2/18/22 2/23/23 3/8/24 - - -
1TRY in Million2TRY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4
Net sales 1 - 8,395 10,188 17,531 18,586 24,325 24,007 28,641 29,476 40,110 70,437
EBITDA 1 - 1,365 1,732 1,525 2,241 2,404 2,493 2,188 3,892 4,733 6,599
EBIT - - - - - - - - - - -
Operating Margin - - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - - -
Net income 969.6 534.4 778.3 193 982.3 1,201 12,122 - - - -
Net margin - 6.37% 7.64% 1.1% 5.28% 4.94% 50.49% - - - -
EPS - - - - - - - - - - -
Dividend per Share - - - - - - - - - - -
Announcement Date 8/10/21 11/2/21 2/18/22 4/28/22 8/9/22 11/1/22 2/23/23 5/4/23 8/7/23 11/6/23 3/8/24
1TRY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 7,856 9,174 10,880 11,233 29,759 23,064 35,930 43,074
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 2.215 x 2.591 x 2.025 x 1.297 x 1.641 x 1.109 x 1.318 x 1.248 x
Free Cash Flow 1 2,091 1,715 1,554 - 4,366 8,651 12,540 14,073
ROE (net income / shareholders' equity) 15.7% 15.6% 27.7% 28.9% 7.75% 33.6% 32.5% -
ROA (Net income/ Total Assets) - 4.53% 8.15% 32% 3.5% 10.2% - -
Assets 1 - 24,035 28,005 45,261 129,111 76,559 - -
Book Value Per Share 2 5.790 6.060 7.920 - 48.90 25.60 33.20 -
Cash Flow per Share 2 3.140 3.280 4.280 - 5.470 7.760 10.40 -
Capex 1 1,621 2,155 3,504 - 2,104 10,885 12,726 10,948
Capex / Sales 8.33% 9.91% 11.47% - 1.25% 6.17% 5.42% 3.65%
Announcement Date 2/19/20 2/22/21 2/18/22 2/23/23 3/8/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
66.7 TRY
Average target price
66.17 TRY
Spread / Average Target
-0.80%
Consensus

Quarterly revenue - Rate of surprise

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