Financials Nurol Gayrimenkul Yatirim Ortakligi

Equities

NUGYO

TRANUGYO91Q9

Diversified REITs

Market Closed - Borsa Istanbul 11:09:38 2024-04-26 am EDT 5-day change 1st Jan Change
7.84 TRY -1.51% Intraday chart for Nurol Gayrimenkul Yatirim Ortakligi +4.95% +30.67%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 168 731.8 2,151 1,799 2,911 2,012
Enterprise Value (EV) 1 1,510 1,893 3,170 2,739 3,031 2,113
P/E ratio -0.71 x -1.62 x -9.02 x -17.2 x 3.32 x 2.65 x
Yield - - - - - -
Capitalization / Revenue 0.75 x 2.71 x 7.61 x 3.72 x 2.72 x 14.9 x
EV / Revenue 6.74 x 7.01 x 11.2 x 5.66 x 2.83 x 15.7 x
EV / EBITDA 61.4 x 26 x 42.9 x 13.5 x 7.4 x -35.7 x
EV / FCF -8.83 x -5.67 x 35.1 x 52.6 x 12.6 x -20.5 x
FCF Yield -11.3% -17.6% 2.85% 1.9% 7.95% -4.88%
Price to Book -9.06 x 1.32 x 6.54 x 4.47 x 2.29 x 0.66 x
Nbr of stocks (in thousands) 80,000 205,000 295,000 310,200 335,348 335,348
Reference price 2 2.100 3.570 7.290 5.800 8.680 6.000
Announcement Date 3/1/19 3/2/20 3/1/21 2/28/22 2/28/23 3/21/24
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 224 270.1 282.7 484.2 1,069 134.9
EBITDA 1 24.59 72.71 73.83 202.2 409.4 -59.11
EBIT 1 24.3 72.41 73.46 201.6 408.6 -61.93
Operating Margin 10.85% 26.8% 25.98% 41.64% 38.21% -45.89%
Earnings before Tax (EBT) 1 -236 -290.5 -217.2 -103.6 858.5 760.4
Net income 1 -236 -290.5 -217.2 -103.6 858.5 760.4
Net margin -105.36% -107.54% -76.83% -21.4% 80.28% 563.51%
EPS 2 -2.950 -2.199 -0.8079 -0.3378 2.613 2.268
Free Cash Flow 1 -171 -333.7 90.42 52.1 241 -103
FCF margin -76.35% -123.54% 31.98% 10.76% 22.54% -76.34%
FCF Conversion (EBITDA) - - 122.47% 25.77% 58.87% -
FCF Conversion (Net income) - - - - 28.07% -
Dividend per Share - - - - - -
Announcement Date 3/1/19 3/2/20 3/1/21 2/28/22 2/28/23 3/21/24
1TRY in Million2TRY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,342 1,161 1,019 940 120 101
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 54.58 x 15.96 x 13.8 x 4.647 x 0.2942 x -1.709 x
Free Cash Flow 1 -171 -334 90.4 52.1 241 -103
ROE (net income / shareholders' equity) -237% -172% -63.3% -28.3% 103% 28.7%
ROA (Net income/ Total Assets) 0.84% 2.57% 2.71% 7.67% 15.2% -1.14%
Assets 1 -28,134 -11,315 -8,005 -1,351 5,665 -66,979
Book Value Per Share 2 -0.2300 2.700 1.120 1.300 3.790 9.040
Cash Flow per Share 2 0.3800 1.050 0.3800 0.6600 0.7000 0.3200
Capex 1 0.02 0.38 1.69 0.36 0.73 62.5
Capex / Sales 0.01% 0.14% 0.6% 0.07% 0.07% 46.35%
Announcement Date 3/1/19 3/2/20 3/1/21 2/28/22 2/28/23 3/21/24
1TRY in Million2TRY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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