Financials Mistral Gayrimenkul Yatirim Ortakligi

Equities

MSGYO

TREMIST00017

Diversified REITs

Market Closed - Borsa Istanbul 11:09:02 2024-05-31 am EDT 5-day change 1st Jan Change
13.81 TRY +3.21% Intraday chart for Mistral Gayrimenkul Yatirim Ortakligi +0.07% +0.80%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 205.4 253.7 632.2 561 1,028 1,839
Enterprise Value (EV) 1 222.6 254.6 628.1 508.6 933.9 1,702
P/E ratio 33.6 x 7.27 x 50.2 x 2.61 x 1.38 x 2.11 x
Yield - - 0.69% 2.54% 6.26% -
Capitalization / Revenue 11.5 x 17.7 x 53.1 x 14 x 11.6 x 15.9 x
EV / Revenue 12.5 x 17.8 x 52.8 x 12.7 x 10.5 x 14.7 x
EV / EBITDA 73.3 x 33.3 x 108 x 18 x 13.7 x 1.89 x
EV / FCF 7 x 13.4 x 101 x 11.5 x 50.8 x 3.78 x
FCF Yield 14.3% 7.47% 0.99% 8.69% 1.97% 26.5%
Price to Book 0.98 x 1.02 x 2.46 x 1.2 x 0.86 x 0.61 x
Nbr of stocks (in thousands) 134,221 134,219 134,219 134,219 134,219 134,219
Reference price 2 1.530 1.890 4.710 4.180 7.660 13.70
Announcement Date 3/11/19 3/2/20 2/1/21 3/1/22 3/1/23 5/7/24
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 17.86 14.31 11.9 39.96 88.87 115.9
EBITDA 1 3.039 7.641 5.821 28.32 68.37 899.8
EBIT 1 3.013 7.616 5.778 28.27 68.32 899.5
Operating Margin 16.87% 53.21% 48.57% 70.75% 76.88% 775.96%
Earnings before Tax (EBT) 1 6.109 34.89 12.6 215.3 743.8 872.6
Net income 1 6.103 34.89 12.6 215.3 743.8 872.6
Net margin 34.17% 243.78% 105.92% 538.88% 836.96% 752.73%
EPS 2 0.0455 0.2600 0.0939 1.604 5.542 6.502
Free Cash Flow 1 31.82 19.01 6.241 44.18 18.39 450.7
FCF margin 178.18% 132.82% 52.46% 110.56% 20.69% 388.84%
FCF Conversion (EBITDA) 1,047.23% 248.83% 107.21% 156.01% 26.9% 50.1%
FCF Conversion (Net income) 521.39% 54.49% 49.53% 20.52% 2.47% 51.66%
Dividend per Share - - 0.0327 0.1060 0.4793 -
Announcement Date 3/11/19 3/2/20 2/1/21 3/1/22 3/1/23 5/7/24
1TRY in Million2TRY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 17.3 0.93 - - - -
Net Cash position 1 - - 4.04 52.4 94.2 137
Leverage (Debt/EBITDA) 5.688 x 0.1217 x - - - -
Free Cash Flow 1 31.8 19 6.24 44.2 18.4 451
ROE (net income / shareholders' equity) 2.9% 15.1% 4.99% 59.4% 89.4% 41.5%
ROA (Net income/ Total Assets) 0.77% 1.93% 1.38% 4.68% 5.01% 26.5%
Assets 1 794.4 1,808 910.6 4,598 14,858 3,294
Book Value Per Share 2 1.560 1.850 1.910 3.490 8.920 22.40
Cash Flow per Share 2 0.0100 0 0.0300 0.3900 0.7000 1.020
Capex 1 0.01 0.11 0.01 0.01 0.04 -
Capex / Sales 0.06% 0.76% 0.09% 0.03% 0.05% -
Announcement Date 3/11/19 3/2/20 2/1/21 3/1/22 3/1/23 5/7/24
1TRY in Million2TRY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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