Financials Yapi ve Kredi Bankasi

Equities

YKBNK

TRAYKBNK91N6

Banks

Market Closed - Borsa Istanbul 11:09:53 2024-04-26 am EDT 5-day change 1st Jan Change
31.24 TRY +4.34% Intraday chart for Yapi ve Kredi Bankasi -2.50% +59.88%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 20,949 26,017 28,551 99,760 165,055 263,886 - -
Enterprise Value (EV) 1 20,949 26,017 28,551 99,760 165,055 263,886 263,886 263,886
P/E ratio 5.77 x 5.13 x 2.73 x 1.89 x 2.43 x 3.8 x 2.68 x 2.48 x
Yield - - - - - 4% 5.54% 5.32%
Capitalization / Revenue 0.99 x 1.01 x 0.82 x 0.91 x 1.05 x 1.4 x 0.98 x 0.92 x
EV / Revenue 0.99 x 1.01 x 0.82 x 0.91 x 1.05 x 1.4 x 0.98 x 0.92 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.51 x 0.55 x 0.45 x 0.79 x - 1.11 x 0.79 x 0.59 x
Nbr of stocks (in thousands) 8,447,051 8,447,051 8,447,051 8,447,051 8,447,051 8,447,051 - -
Reference price 2 2.480 3.080 3.380 11.81 19.54 31.24 31.24 31.24
Announcement Date 2/4/20 2/3/21 2/3/22 2/2/23 2/2/24 - - -
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 21,135 25,823 35,010 109,031 156,639 188,749 268,066 287,512
EBITDA - - - - - - - -
EBIT 1 13,472 16,898 24,065 85,326 107,782 106,388 133,426 165,955
Operating Margin 63.74% 65.44% 68.74% 78.26% 68.81% 56.37% 49.77% 57.72%
Earnings before Tax (EBT) 1 4,534 6,797 13,894 69,194 85,029 100,355 134,994 154,748
Net income 1 3,600 5,080 10,490 52,745 68,009 71,731 97,240 106,581
Net margin 17.03% 19.67% 29.96% 48.38% 43.42% 38% 36.27% 37.07%
EPS 2 0.4300 0.6000 1.240 6.240 8.050 8.231 11.66 12.62
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - - - - 1.249 1.729 1.663
Announcement Date 2/4/20 2/3/21 2/3/22 2/2/23 2/2/24 - - -
1TRY in Million2TRY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 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
Net sales 1 - 7,685 14,654 16,088 23,815 30,285 38,842 31,387 34,598 49,223 41,431 42,005 45,854 50,335 51,322
EBITDA - - - - - - - - - - - - - - -
EBIT - - 10,932 - - - - 22,131 - - 24,770 - - - -
Operating Margin - - 74.6% - - - - 70.51% - - 59.79% - - - -
Earnings before Tax (EBT) 1 3,139 4,313 4,905 9,563 - 21,482 23,192 15,640 15,332 - 20,506 10,538 - - -
Net income 1 2,461 3,247 3,558 7,258 11,922 16,135 17,429 12,640 11,476 24,586 19,307 10,832 16,011 20,761 25,980
Net margin - 42.25% 24.28% 45.12% 50.06% 53.28% 44.87% 40.27% 33.17% 49.95% 46.6% 25.79% 34.92% 41.25% 50.62%
EPS 2 - 0.3800 0.4200 0.8600 1.410 1.910 2.060 1.500 1.360 2.910 2.280 1.717 1.973 2.139 2.343
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 7/29/20 11/1/21 2/3/22 4/29/22 7/26/22 10/31/22 2/2/23 4/28/23 7/24/23 10/24/23 2/2/24 - - - -
1TRY in Million2TRY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 8.98% 11.4% 18.9% 55.6% - 34.4% 33.6% 29.4%
ROA (Net income/ Total Assets) 0.92% 1.13% 1.66% 5.37% - 3.52% 3.67% 3.38%
Assets 1 392,163 448,844 633,669 982,543 - 2,035,491 2,646,703 3,153,278
Book Value Per Share 2 4.880 5.630 7.520 14.90 - 28.20 39.70 52.60
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/4/20 2/3/21 2/3/22 2/2/23 2/2/24 - - -
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
31.24 TRY
Average target price
29.49 TRY
Spread / Average Target
-5.60%
Consensus
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