Financials Sinpas Gayrimenkul Yatirim Ortakligi

Equities

SNGYO

TRESNGY00019

Residential REITs

Market Closed - Borsa Istanbul 11:09:16 2024-04-26 am EDT 5-day change 1st Jan Change
4.69 TRY +2.63% Intraday chart for Sinpas Gayrimenkul Yatirim Ortakligi +8.31% +71.79%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 459.5 147 891.4 3,212 3,281 4,747
Enterprise Value (EV) 1 1,416 3,395 4,519 7,228 7,349 9,111
P/E ratio -5.31 x -1.64 x 4.71 x 24.3 x 1.17 x 1.01 x
Yield - - - - - -
Capitalization / Revenue 0.59 x 0.34 x 0.52 x 1.62 x 1.54 x 3.79 x
EV / Revenue 1.82 x 7.85 x 2.64 x 3.63 x 3.46 x 7.28 x
EV / EBITDA 15.9 x 62.5 x 7 x 7.82 x 5.87 x 49.4 x
EV / FCF -6.24 x -9.12 x 11.4 x 10.1 x 16.7 x -33.1 x
FCF Yield -16% -11% 8.81% 9.94% 5.97% -3.02%
Price to Book 0.51 x 0.92 x 1.59 x 4.51 x 0.77 x 0.49 x
Nbr of stocks (in thousands) 1,025,031 682,664 1,320,055 1,320,055 1,320,055 1,352,560
Reference price 2 0.4482 0.2154 0.6753 2.433 2.486 3.510
Announcement Date 3/12/18 3/12/19 3/10/20 2/17/21 3/11/22 2/3/23
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 776.3 432.3 1,713 1,989 2,124 1,251
EBITDA 1 89.33 54.36 645.1 923.8 1,252 184.4
EBIT 1 87.09 50.48 644.1 913.8 1,244 182.1
Operating Margin 11.22% 11.68% 37.59% 45.94% 58.56% 14.55%
Earnings before Tax (EBT) 1 -87.04 -196.9 215 150.3 3,171 6,024
Net income 1 -87.04 -196.9 215 150.3 3,200 5,223
Net margin -11.21% -45.54% 12.55% 7.56% 150.65% 417.42%
EPS 2 -0.0844 -0.1313 0.1434 0.1002 2.133 3.482
Free Cash Flow 1 -226.8 -372.2 398 718.7 439.1 -275.2
FCF margin -29.21% -86.08% 23.23% 36.13% 20.67% -21.99%
FCF Conversion (EBITDA) - - 61.7% 77.8% 35.06% -
FCF Conversion (Net income) - - 185.1% 478.04% 13.72% -
Dividend per Share - - - - - -
Announcement Date 3/12/18 3/12/19 3/10/20 2/17/21 3/11/22 2/3/23
1TRY in Million2TRY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 957 3,248 3,627 4,016 4,067 4,363
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 10.71 x 59.75 x 5.623 x 4.347 x 3.248 x 23.66 x
Free Cash Flow 1 -227 -372 398 719 439 -275
ROE (net income / shareholders' equity) -9.33% -32.9% 47.1% 23.6% 113% 73.9%
ROA (Net income/ Total Assets) 2.58% 0.7% 7.81% 10.3% 9.08% 0.76%
Assets 1 -3,369 -28,320 2,754 1,461 35,255 690,619
Book Value Per Share 2 0.8700 0.2300 0.4300 0.5400 3.210 7.100
Cash Flow per Share 2 0.0300 0.0100 0.0500 0.0500 0.3900 0.2000
Capex 1 1.17 11.5 0.62 0.68 1.97 7.3
Capex / Sales 0.15% 2.66% 0.04% 0.03% 0.09% 0.58%
Announcement Date 3/12/18 3/12/19 3/10/20 2/17/21 3/11/22 2/3/23
1TRY in Million2TRY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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