Financials Türkiye Petrol Rafinerileri

Equities

TUPRS

TRATUPRS91E8

Oil & Gas Refining and Marketing

Market Closed - Borsa Istanbul 11:09:57 2024-04-19 am EDT 5-day change 1st Jan Change
189.9 TRY +2.15% Intraday chart for Türkiye Petrol Rafinerileri +0.80% +32.80%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 31,753 27,045 38,665 145,858 275,532 365,898 - -
Enterprise Value (EV) 1 40,209 36,465 49,882 133,029 275,532 307,873 322,432 321,766
P/E ratio 60.4 x -10.8 x 11.7 x 3.55 x 3.9 x 7.08 x 7.74 x 6.93 x
Yield 11.9% - - - - 13% 8.43% 8.24%
Capitalization / Revenue 0.35 x 0.43 x 0.26 x 0.3 x 0.4 x 0.42 x 0.38 x 0.32 x
EV / Revenue 0.45 x 0.58 x 0.33 x 0.28 x 0.4 x 0.35 x 0.33 x 0.28 x
EV / EBITDA 10.6 x 73.8 x 3.84 x 2.41 x 3.46 x 4.32 x 5.65 x 5.41 x
EV / FCF 4.02 x 35.4 x -68.2 x 3.06 x - 5.59 x 10.7 x 8.84 x
FCF Yield 24.9% 2.83% -1.47% 32.7% - 17.9% 9.34% 11.3%
Price to Book 2.45 x 2.36 x 2.2 x 2.19 x - 1.53 x 1.65 x 1.4 x
Nbr of stocks (in thousands) 1,752,934 1,752,934 1,752,934 1,926,796 1,926,796 1,926,796 - -
Reference price 2 18.11 15.43 22.06 75.70 143.0 189.9 189.9 189.9
Announcement Date 2/12/20 2/11/21 2/16/22 2/8/23 3/4/24 - - -
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 89,601 63,244 150,972 481,765 686,529 877,243 969,812 1,137,770
EBITDA 1 3,807 494.2 12,996 55,192 79,691 71,255 57,117 59,519
EBIT 1 2,230 -248 12,209 54,542 73,628 60,778 44,862 50,188
Operating Margin 2.49% -0.39% 8.09% 11.32% 10.72% 6.93% 4.63% 4.41%
Earnings before Tax (EBT) 1 -311 -3,795 2,161 39,876 57,820 73,869 68,872 109,388
Net income 1 526 -2,494 3,319 41,045 53,577 51,178 51,433 63,926
Net margin 0.59% -3.94% 2.2% 8.52% 7.8% 5.83% 5.3% 5.62%
EPS 2 0.3000 -1.423 1.893 21.30 36.71 26.82 24.53 27.41
Free Cash Flow 1 9,997 1,031 -731.4 43,484 - 55,088 30,102 36,390
FCF margin 11.16% 1.63% -0.48% 9.03% - 6.28% 3.1% 3.2%
FCF Conversion (EBITDA) 262.6% 208.64% - 78.79% - 77.31% 52.7% 61.14%
FCF Conversion (Net income) 1,900.61% - - 105.94% - 107.64% 58.53% 56.93%
Dividend per Share 2 2.164 - - - - 24.62 16.00 15.65
Announcement Date 2/12/20 2/11/21 2/16/22 2/8/23 3/4/24 - - -
1TRY in Million2TRY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 40,993 56,470 76,541 135,785 150,609 116,026 92,826 104,405 185,137 304,160 325,858 389,792 422,274 417,634 412,478
EBITDA 1 2,472 6,861 4,467 15,887 17,779 16,400 11,703 8,968 27,197 32,361 12,422 8,314 12,742 11,182 8,626
EBIT 1 2,276 6,690 - 12,159 13,734 16,382 11,438 8,694 26,890 27,144 9,947 5,668 9,628 7,989 6,375
Operating Margin 5.55% 11.85% - 8.95% 9.12% 14.12% 12.32% 8.33% 14.52% 8.92% 3.05% 1.45% 2.28% 1.91% 1.55%
Earnings before Tax (EBT) 1,155 669 1,062 - - - - 6,538 - - - - - - -
Net income 1 988 1,392 895.7 10,611 11,554 17,589 6,748 7,217 21,306 18,306 10,769 10,896 11,590 6,872 4,036
Net margin 2.41% 2.46% 1.17% 7.81% 7.67% 15.16% 7.27% 6.91% 11.51% 6.02% 3.3% 2.8% 2.74% 1.65% 0.98%
EPS 2 0.5643 0.7929 - - 5.997 9.128 3.503 4.310 11.06 9.610 5.589 5.655 6.015 3.567 2.095
Dividend per Share 2 - - - - - - - - - - - - 11.00 14.53 -
Announcement Date 11/4/21 2/16/22 5/9/22 8/15/22 11/3/22 2/8/23 4/28/23 7/31/23 10/25/23 3/4/24 - - - - -
1TRY in Million2TRY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 8,456 9,420 11,217 - - - - -
Net Cash position 1 - - - 12,830 - 58,026 43,467 44,132
Leverage (Debt/EBITDA) 2.221 x 19.06 x 0.8631 x - - - - -
Free Cash Flow 1 9,997 1,031 -731 43,484 - 55,088 30,103 36,390
ROE (net income / shareholders' equity) 4.62% -20.4% 22.9% 96% - 23.8% 18.7% 20.5%
ROA (Net income/ Total Assets) 1.1% -4.27% 4.06% 29.8% - 23.1% 34.3% -
Assets 1 47,788 58,340 81,853 137,575 - 221,871 149,950 -
Book Value Per Share 2 7.390 6.530 10.00 34.60 - 124.0 115.0 136.0
Cash Flow per Share 2 6.470 1.210 0.3400 24.00 58.40 24.00 37.10 53.10
Capex 1 1,337 1,083 1,325 2,775 - 16,334 13,368 14,770
Capex / Sales 1.49% 1.71% 0.88% 0.58% - 1.86% 1.38% 1.3%
Announcement Date 2/12/20 2/11/21 2/16/22 2/8/23 3/4/24 - - -
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
B+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
189.9 TRY
Average target price
174.2 TRY
Spread / Average Target
-8.29%
Consensus
  1. Stock Market
  2. Equities
  3. TUPRS Stock
  4. Financials Türkiye Petrol Rafinerileri