KOÇ HOLDING |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 237.2 TRY | +0.68% |
|
+1.93% | +67.28% |
| Apr. 05 | Turkey's Yapi Kredi shares jump on report of FAB interest | RE |
| Apr. 05 | Turkey's Yapi Kredi shares jump on report of FAB bid interest | RE |
Valuation
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 51,529 | 53,558 | 71,969 | 212,255 | 359,590 | 601,515 | - | - |
| Enterprise Value (EV) 1 | 74,009 | 175,005 | 249,926 | 212,255 | 486,555 | 783,940 | 1,011,600 | 948,412 |
| P/E ratio | 11.7 x | 5.78 x | 4.74 x | 3.04 x | 4.98 x | 6.67 x | 4.49 x | 3.37 x |
| Yield | 1.03% | 2.77% | 3.18% | - | - | 2.76% | 3.54% | 4.99% |
| Capitalization / Revenue | 0.34 x | 0.29 x | 0.21 x | 0.24 x | 0.22 x | 0.29 x | 0.24 x | 0.18 x |
| EV / Revenue | 0.48 x | 0.95 x | 0.72 x | 0.24 x | 0.3 x | 0.37 x | 0.41 x | 0.29 x |
| EV / EBITDA | 6.92 x | 6.89 x | 7.33 x | 1.28 x | 1.95 x | 3.06 x | 2.84 x | 2 x |
| EV / FCF | 5.58 x | 14.4 x | 6.55 x | 2.42 x | 1.8 x | 3.87 x | - | - |
| FCF Yield | 17.9% | 6.96% | 15.3% | 41.4% | 55.6% | 25.8% | - | - |
| Price to Book | 1.42 x | 1.16 x | 1.12 x | - | 0.89 x | 1.8 x | 0.79 x | 0.39 x |
| Nbr of stocks (in thousands) | 2,535,898 | 2,535,898 | 2,535,898 | 2,535,898 | 2,535,898 | 2,535,898 | - | - |
| Reference price 2 | 20.32 | 21.12 | 28.38 | 83.70 | 141.8 | 237.2 | 237.2 | 237.2 |
| Announcement Date | 2/13/20 | 2/15/21 | 2/17/22 | 2/10/23 | 3/15/24 | - | - | - |
1TRY in Million2TRY
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 153,516 | 183,777 | 346,689 | 901,857 | 1,604,647 | 2,095,961 | 2,470,749 | 3,261,728 |
| EBITDA 1 | 10,696 | 25,393 | 34,081 | 166,227 | 249,217 | 256,319 | 356,237 | 473,427 |
| EBIT 1 | 7,931 | 21,330 | 28,795 | 157,967 | 218,605 | 216,482 | 314,075 | 409,502 |
| Operating Margin | 5.17% | 11.61% | 8.31% | 17.52% | 13.62% | 10.33% | 12.71% | 12.55% |
| Earnings before Tax (EBT) 1 | 5,547 | 13,840 | 29,129 | 134,137 | 152,695 | 237,678 | - | - |
| Net income 1 | 4,391 | 9,273 | 15,193 | 69,806 | 72,230 | 112,570 | 127,385 | - |
| Net margin | 2.86% | 5.05% | 4.38% | 7.74% | 4.5% | 5.37% | 5.16% | - |
| EPS 2 | 1.732 | 3.657 | 5.992 | 27.54 | 28.49 | 35.58 | 52.84 | 70.32 |
| Free Cash Flow 1 | 13,253 | 12,183 | 38,136 | 87,883 | 270,741 | 202,460 | - | - |
| FCF margin | 8.63% | 6.63% | 11% | 9.74% | 16.87% | 9.66% | - | - |
| FCF Conversion (EBITDA) | 123.9% | 47.98% | 111.9% | 52.87% | 108.64% | 78.99% | - | - |
| FCF Conversion (Net income) | 301.8% | 131.39% | 251.02% | 125.9% | 374.83% | 179.85% | - | - |
| Dividend per Share 2 | 0.2095 | 0.5850 | 0.9020 | - | - | 6.549 | 8.407 | 11.83 |
| Announcement Date | 2/13/20 | 2/15/21 | 2/17/22 | 2/10/23 | 3/15/24 | - | - | - |
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 |
|---|---|---|---|---|---|---|---|---|---|
| Net sales | 91,650 | 123,079 | 152,105 | 233,773 | 260,994 | - | - | 266,540 | - |
| EBITDA | 11,590 | 9,317 | - | - | - | - | - | - | - |
| EBIT | 10,241 | 7,721 | 20,575 | 34,280 | 34,280 | - | - | 44,970 | - |
| Operating Margin | 11.17% | 6.27% | 13.53% | 14.66% | 13.13% | - | - | 16.87% | - |
| Earnings before Tax (EBT) | - | - | - | - | - | - | - | - | - |
| Net income 1 | 4,106 | 5,776 | 6,713 | 15,449 | 19,860 | 27,784 | 16,772 | 20,600 | 36,303 |
| Net margin | 4.48% | 4.69% | 4.41% | 6.61% | 7.61% | - | - | 7.73% | - |
| EPS | 1.619 | 2.278 | - | - | - | - | - | 8.126 | - |
| Dividend per Share | - | - | - | - | - | - | - | - | - |
| Announcement Date | 11/5/21 | 2/17/22 | 5/9/22 | 8/16/22 | 11/4/22 | 2/10/23 | 5/2/23 | 8/1/23 | 10/26/23 |
1TRY in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: December | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 22,480 | 121,446 | 177,958 | - | 126,965 | 182,425 | 410,085 | 346,897 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 2.102 x | 4.783 x | 5.222 x | - | 0.5095 x | 0.7117 x | 1.151 x | 0.7327 x |
| Free Cash Flow 1 | 13,253 | 12,183 | 38,136 | 87,883 | 270,741 | 202,460 | - | - |
| ROE (net income / shareholders' equity) | 12.6% | 22.4% | 27.6% | 65.5% | 18.7% | 17.3% | 23% | 21.6% |
| ROA (Net income/ Total Assets) | 3.17% | 2.37% | 1.84% | 5.36% | 2.54% | 3.99% | 4.12% | - |
| Assets 1 | 138,313 | 390,722 | 825,327 | 1,301,574 | 2,838,136 | 2,820,596 | 3,092,629 | - |
| Book Value Per Share 2 | 14.30 | 18.30 | 25.30 | - | 160.0 | 132.0 | 299.0 | 606.0 |
| Cash Flow per Share 2 | 7.500 | 7.970 | 20.00 | 45.60 | 134.0 | 134.0 | 206.0 | 267.0 |
| Capex 1 | 5,765 | 8,027 | 12,528 | 27,596 | 68,275 | 111,216 | 131,302 | - |
| Capex / Sales | 3.76% | 4.37% | 3.61% | 3.06% | 4.25% | 5.31% | 5.31% | - |
| Announcement Date | 2/13/20 | 2/15/21 | 2/17/22 | 2/10/23 | 3/15/24 | - | - | - |
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
A
Sell
Buy
Mean consensus
BUY
Number of Analysts
11
Last Close Price
237.2
TRY
Average target price
224.2
TRY
Spread / Average Target
-5.50%
EPS Revisions
Quarterly revenue - Rate of surprise
| 1st Jan change | Capi. | |
|---|---|---|
| +67.28% | 18.68B | |
| +21.08% | 79.58B | |
| +10.98% | 17.17B | |
| +10.92% | 14.54B | |
| +3.79% | 13.02B | |
| +9.14% | 12.08B | |
| +9.87% | 11.23B | |
| +39.26% | 10.55B | |
| -0.80% | 9.82B | |
| -1.15% | 7.97B |
- Stock Market
- Equities
- KCHOL Stock
- Financials Koç Holding