Financials Türk Telekomünikasyon Anonim Sirketi

Equities

TTKOM

TRETTLK00013

Integrated Telecommunications Services

Market Closed - Borsa Istanbul 11:09:56 2024-04-26 am EDT 5-day change 1st Jan Change
40.22 TRY +0.85% Intraday chart for Türk Telekomünikasyon Anonim Sirketi +2.71% +65.11%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 25,795 29,890 33,705 85,960 85,260 140,770 - -
Enterprise Value (EV) 1 41,632 46,117 55,812 117,875 85,260 197,159 211,126 140,770
P/E ratio 10.7 x 9.41 x 5.85 x 20.8 x 5.19 x 9.58 x 6.75 x -
Yield - - 14.7% - - 5.75% 9.2% -
Capitalization / Revenue 1.09 x 1.06 x 0.98 x 1.79 x 0.85 x 1.13 x 0.88 x 0.9 x
EV / Revenue 1.76 x 1.63 x 1.63 x 2.45 x 0.85 x 1.58 x 1.32 x 0.9 x
EV / EBITDA 3.8 x 3.48 x 3.4 x 6.16 x 2.54 x 4.44 x 3.47 x 2.5 x
EV / FCF 6.67 x 6.91 x 7.97 x 34.8 x - 29.1 x 23.3 x 11.8 x
FCF Yield 15% 14.5% 12.6% 2.87% - 3.44% 4.29% 8.44%
Price to Book 2.73 x 2.48 x 2.37 x 4.3 x - 2.97 x 2.14 x -
Nbr of stocks (in thousands) 3,500,000 3,500,000 3,500,000 3,500,000 3,500,000 3,500,000 - -
Reference price 2 7.370 8.540 9.630 24.56 24.36 40.22 40.22 40.22
Announcement Date 2/12/20 2/3/21 2/15/22 2/22/23 4/17/24 - - -
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 23,657 28,289 34,273 48,042 100,185 124,673 160,294 156,137
EBITDA 1 10,964 13,237 16,415 19,148 33,523 44,380 60,867 56,350
EBIT 1 6,248 7,862 8,111 9,301 -4,858 27,865 37,875 -
Operating Margin 26.41% 27.79% 23.67% 19.36% -4.85% 22.35% 23.63% -
Earnings before Tax (EBT) 1 2,735 3,802 5,621 1,836 3,430 20,297 - -
Net income 1 2,407 3,178 5,761 4,135 16,422 13,924 22,740 -
Net margin 10.17% 11.23% 16.81% 8.61% 16.39% 11.17% 14.19% -
EPS 2 0.6877 0.9080 1.646 1.181 4.692 4.197 5.958 -
Free Cash Flow 1 6,237 6,676 7,005 3,385 - 6,783 9,055 11,888
FCF margin 26.36% 23.6% 20.44% 7.05% - 5.44% 5.65% 7.61%
FCF Conversion (EBITDA) 56.89% 50.44% 42.68% 17.68% - 15.28% 14.88% 21.1%
FCF Conversion (Net income) 259.15% 210.09% 121.59% 81.86% - 48.71% 39.82% -
Dividend per Share 2 - - 1.416 - - 2.311 3.700 -
Announcement Date 2/12/20 2/3/21 2/15/22 2/22/23 4/17/24 - - -
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
Net sales 1 8,640 9,864 9,471 10,732 12,552 15,287 15,253 20,203 22,362 44,622
EBITDA 1 4,028 4,301 4,115 4,404 4,509 6,120 4,781 6,036 7,979 33,504
EBIT 2,488 1,247 1,807 3,008 2,472 2,908 - - - -
Operating Margin 28.8% 12.64% 19.07% 28.03% 19.7% 19.03% - - - -
Earnings before Tax (EBT) 1,874 447.7 - - - - - - - -
Net income 1 2,050 1,084 560.7 1,392 1,171 1,011 645.4 1,953 4,504 11,873
Net margin 23.72% 10.98% 5.92% 12.97% 9.33% 6.61% 4.23% 9.67% 20.14% 26.61%
EPS 0.5857 0.3096 0.1602 0.3978 0.3347 0.2888 - - - -
Dividend per Share - 1.420 - - - - - - - -
Announcement Date 11/2/21 2/15/22 4/27/22 8/8/22 11/8/22 2/22/23 5/8/23 8/14/23 11/6/23 4/17/24
1TRY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 15,837 16,227 22,107 31,915 - 56,389 70,356 -
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 1.444 x 1.226 x 1.347 x 1.667 x - 1.271 x 1.156 x -
Free Cash Flow 1 6,237 6,676 7,005 3,385 - 6,783 9,055 11,888
ROE (net income / shareholders' equity) 28.5% 29.6% 43.8% 24.2% - 43.1% 49.6% -
ROA (Net income/ Total Assets) 6.32% 7.51% 11.2% 5.95% - 9.2% 14.2% -
Assets 1 38,054 42,315 51,534 69,534 - 151,351 160,138 -
Book Value Per Share 2 2.700 3.440 4.070 5.710 - 13.60 18.80 -
Cash Flow per Share 2 3.200 3.900 4.480 0.9700 - 12.20 17.10 -
Capex 1 4,946 6,962 8,676 14,006 - 29,260 36,287 36,692
Capex / Sales 20.91% 24.61% 25.31% 29.15% - 23.47% 22.64% 23.5%
Announcement Date 2/12/20 2/3/21 2/15/22 2/22/23 4/17/24 - - -
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
11
Last Close Price
40.22 TRY
Average target price
36.8 TRY
Spread / Average Target
-8.51%
Consensus
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