Financials Türkiye Vakiflar Bankasi Türk Anonim Ortakligi

Equities

VAKBN

TREVKFB00019

Banks

Market Closed - Borsa Istanbul 11:09:30 2024-05-03 am EDT 5-day change 1st Jan Change
19.87 TRY -2.21% Intraday chart for Türkiye Vakiflar Bankasi Türk Anonim Ortakligi +2.69% +54.75%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 13,775 18,395 14,373 84,554 127,320 197,029 - -
Enterprise Value (EV) 1 13,775 18,395 14,373 84,554 127,320 197,029 197,029 197,029
P/E ratio 4.09 x 2.48 x 2.69 x 2.97 x 3.65 x 3.97 x 2.37 x 1.78 x
Yield - - - - - - - -
Capitalization / Revenue 0.65 x 0.63 x 0.5 x 0.82 x 0.89 x 1.23 x 0.95 x 0.84 x
EV / Revenue 0.65 x 0.63 x 0.5 x 0.82 x 0.89 x 1.23 x 0.95 x 0.84 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.42 x 0.4 x 0.27 x 0.81 x - 0.9 x 0.61 x 0.45 x
Nbr of stocks (in thousands) 2,500,000 3,905,622 3,905,622 7,111,364 9,915,922 9,915,922 - -
Reference price 2 5.510 4.710 3.680 11.89 12.84 19.87 19.87 19.87
Announcement Date 2/14/20 2/9/21 2/14/22 2/14/23 2/6/24 - - -
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 21,288 29,140 28,926 102,644 143,769 160,515 208,030 233,507
EBITDA - - - - - - - -
EBIT 1 12,857 19,602 19,197 67,314 86,606 112,481 167,956 182,029
Operating Margin 60.4% 67.27% 66.36% 65.58% 60.24% 70.08% 80.74% 77.95%
Earnings before Tax (EBT) 1 4,500 7,985 6,623 40,110 36,318 85,815 139,447 147,272
Net income 1 3,369 6,337 5,166 25,811 31,656 49,659 75,041 110,454
Net margin 15.83% 21.75% 17.86% 25.15% 22.02% 30.94% 36.07% 47.3%
EPS 2 1.348 1.899 1.366 4.008 3.519 5.008 8.399 11.14
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - - - - - - -
Announcement Date 2/14/20 2/9/21 2/14/22 2/14/23 2/6/24 - - -
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
Net sales 1 5,355 11,960 15,819 20,187 23,377 43,261 38,755 24,648 33,943 46,424 33,018 38,134 41,277 44,637
EBITDA - - - - - - - - - - - - - -
EBIT - 8,986 - - - - 18,638 - 23,484 - - - - -
Operating Margin - 75.14% - - - - 48.09% - 69.19% - - - - -
Earnings before Tax (EBT) 1,307 3,229 5,526 - 9,882 15,451 5,248 6,151 - - - - - -
Net income 1 919.8 2,551 3,260 7,509 5,750 9,292 5,340 2,550 10,398 13,369 4,969 7,135 10,259 12,593
Net margin 17.18% 21.33% 20.61% 37.2% 24.6% 21.48% 13.78% 10.34% 30.63% 28.8% 15.05% 18.71% 24.85% 28.21%
EPS 2 0.2451 0.6718 - 1.072 0.8628 - 0.6344 0.2888 1.064 1.532 0.5011 0.7195 1.035 1.270
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 11/4/21 2/14/22 5/10/22 8/8/22 11/7/22 2/14/23 5/15/23 8/9/23 11/9/23 2/6/24 - - - -
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) 11% 16% 10.4% 32.7% 22.5% 26.5% 31.9% 29.2%
ROA (Net income/ Total Assets) 0.87% 1.11% 0.59% 1.89% 1.39% 2.17% 2.21% 2.4%
Assets 1 388,847 570,942 870,493 1,368,001 2,284,143 2,289,482 3,401,657 4,602,250
Book Value Per Share 2 13.10 11.90 13.60 14.70 - 22.00 32.60 44.00
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 2/14/20 2/9/21 2/14/22 2/14/23 2/6/24 - - -
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

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
12
Last Close Price
19.87 TRY
Average target price
19.55 TRY
Spread / Average Target
-1.59%
Consensus
  1. Stock Market
  2. Equities
  3. VAKBN Stock
  4. Financials Türkiye Vakiflar Bankasi Türk Anonim Ortakligi