Financials Enka Insaat ve Sanayi

Equities

ENKAI

TREENKA00011

Construction & Engineering

Market Closed - Borsa Istanbul 11:09:32 2024-04-26 am EDT 5-day change 1st Jan Change
38.9 TRY +5.02% Intraday chart for Enka Insaat ve Sanayi +9.27% +14.41%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 5,345 5,558 6,177 10,382 6,762 7,025 - -
Enterprise Value (EV) 1 3,416 2,948 2,304 8,091 6,762 1,366 614.5 7,025
P/E ratio 8.31 x 8.98 x 17 x 102 x 12.7 x 12.1 x 10.6 x 13.3 x
Yield 2.05% 2.44% 2.19% 1.07% - 2.09% 4.17% -
Capitalization / Revenue 3.03 x 3.55 x 3.38 x 3.17 x 2.8 x 1.93 x 1.51 x 1.6 x
EV / Revenue 1.94 x 1.88 x 1.26 x 2.47 x 2.8 x 0.38 x 0.13 x 1.6 x
EV / EBITDA 8.71 x 7.75 x 4.78 x 10.9 x 14.3 x 2.07 x 0.71 x 10.2 x
EV / FCF 6.23 x 9.97 x 2.42 x 98.9 x - 8.27 x 1.31 x 11.9 x
FCF Yield 16.1% 10% 41.3% 1.01% - 12.1% 76.1% 8.4%
Price to Book 0.81 x 0.82 x 0.98 x 1.62 x - 0.93 x 0.88 x 0.91 x
Nbr of stocks (in thousands) 5,940,000 6,000,000 5,852,021 5,852,021 5,862,744 5,862,744 - -
Reference price 2 0.8999 0.9263 1.056 1.774 1.153 1.198 1.198 1.198
Announcement Date 3/4/20 3/4/21 3/2/22 3/3/23 3/6/24 - - -
1USD in Million2USD
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 1,765 1,566 1,825 3,270 2,415 3,640 4,644 4,382
EBITDA 1 392.4 380.5 482.1 740 474.2 659.1 867.3 689
EBIT 1 303.3 291.9 404.1 648 408.1 556.5 636.7 542
Operating Margin 17.18% 18.65% 22.14% 19.82% 16.9% 15.29% 13.71% 12.37%
Earnings before Tax (EBT) 1 740.1 714.3 493.2 200 670.6 637 655 652
Net income 1 639.6 607.1 365.2 103.8 534.3 515 833.5 527
Net margin 36.23% 38.78% 20.01% 3.17% 22.12% 14.15% 17.95% 12.03%
EPS 2 0.1083 0.1031 0.0621 0.0175 0.0910 0.0990 0.1130 0.0900
Free Cash Flow 1 548.7 295.8 950.9 81.8 - 165.2 467.6 590.4
FCF margin 31.08% 18.89% 52.09% 2.5% - 4.54% 10.07% 13.47%
FCF Conversion (EBITDA) 139.81% 77.74% 197.25% 11.05% - 25.06% 53.91% 85.68%
FCF Conversion (Net income) 85.78% 48.72% 260.34% 78.82% - 32.07% 56.09% 112.02%
Dividend per Share 2 0.0184 0.0226 0.0231 0.0190 - 0.0250 0.0500 -
Announcement Date 3/4/20 3/4/21 3/2/22 3/3/23 3/6/24 - - -
1USD in Million2USD
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
Net sales 1 812.6 683.2 759.9 700.2 1,086 929.1 927.6 550.3 817.7 662.1
EBITDA 1 224.2 131.2 175.1 173.4 245.6 193.7 125 136.3 157.1 142.8
EBIT - - - - - - - - - -
Operating Margin - - - - - - - - - -
Earnings before Tax (EBT) - - - - - - - - - -
Net income 1 117.8 58.62 -32.57 -249.8 100.7 268 202.3 90.83 131.8 218.6
Net margin 14.5% 8.58% -4.29% -35.67% 9.27% 28.85% 21.81% 16.51% 16.12% 33.02%
EPS - - - - - - - - - -
Dividend per Share - - - - - - - - - -
Announcement Date 11/5/21 3/2/22 5/9/22 8/16/22 11/8/22 3/3/23 5/11/23 8/16/23 11/8/23 3/6/24
1USD in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 - - - - - - - -
Net Cash position 1 1,929 2,610 3,873 2,291 - 5,659 6,410 -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow 1 549 296 951 81.8 - 165 468 590
ROE (net income / shareholders' equity) 10.9% 10.2% 7.47% 1.87% - 8.05% 8.39% 6.7%
ROA (Net income/ Total Assets) 8.6% 8.08% 5.63% 1.39% - 4.6% 4.3% 4.1%
Assets 1 7,437 7,511 6,491 7,454 - 11,196 19,384 12,854
Book Value Per Share 2 1.110 1.130 1.080 1.090 - 1.290 1.360 1.320
Cash Flow per Share 2 0.1200 0.0600 0.1800 0.0300 - 0.1000 0.1000 0.1100
Capex 1 138 67.7 109 75.7 - 131 103 109
Capex / Sales 7.79% 4.32% 5.99% 2.32% - 3.6% 2.22% 2.49%
Announcement Date 3/4/20 3/4/21 3/2/22 3/3/23 3/6/24 - - -
1USD in Million2USD
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
8
Last Close Price
1.198 USD
Average target price
1.546 USD
Spread / Average Target
+29.07%
Consensus

Quarterly revenue - Rate of surprise

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