Financials Torunlar Gayrimenkul Yatirim Ortakligi

Equities

TRGYO

TRETRGY00018

Diversified REITs

Market Closed - Borsa Istanbul 11:09:13 2024-05-31 am EDT 5-day change 1st Jan Change
47.64 TRY +2.01% Intraday chart for Torunlar Gayrimenkul Yatirim Ortakligi +2.32% +50.28%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024
Capitalization 1 2,738 3,877 3,897 19,186 31,520 47,357
Enterprise Value (EV) 1 2,738 3,877 3,897 22,668 31,520 47,357
P/E ratio 3.16 x - - 105 x - 1.16 x
Yield - - - - - -
Capitalization / Revenue 2.76 x 3.51 x 2.63 x 7.21 x 6.49 x 7.72 x
EV / Revenue 2.76 x 3.51 x 2.63 x 7.21 x 6.49 x 7.72 x
EV / EBITDA 4.51 x 6.52 x 3.66 x 10.6 x 9.37 x 9.49 x
EV / FCF 5,180,258 x 5,291,144 x 3,601,840 x 9,524,238 x - -
FCF Yield 0% 0% 0% 0% - -
Price to Book 0.32 x - - - - -
Nbr of stocks (in thousands) 995,525 994,169 994,069 994,069 994,313 994,069
Reference price 2 2.750 3.900 3.920 19.30 31.70 47.64
Announcement Date 3/9/20 3/9/21 3/10/22 3/10/23 5/3/24 -
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024
Net sales 1 991.1 1,106 1,484 2,662 4,858 6,135
EBITDA 1 606.5 594.5 1,064 1,818 3,363 4,992
EBIT 1 605.2 592.6 1,047 1,795 3,340 4,981
Operating Margin 61.07% 53.58% 70.57% 67.42% 68.76% 81.19%
Earnings before Tax (EBT) 1 865.8 293 5,307 18,438 13,320 40,964
Net income 1 865.8 293 5,307 18,436 13,320 40,964
Net margin 87.36% 26.49% 357.67% 692.59% 274.19% 667.71%
EPS 2 0.8700 - - 0.1844 - 40.96
Free Cash Flow 528.5 732.8 1,082 2,014 - -
FCF margin 53.32% 66.26% 72.92% 75.67% - -
FCF Conversion (EBITDA) 87.14% 123.25% 101.67% 110.8% - -
FCF Conversion (Net income) 61.04% 250.1% 20.39% 10.93% - -
Dividend per Share - - - - - -
Announcement Date 3/9/20 3/9/21 3/10/22 3/10/23 5/3/24 -
1TRY in Million2TRY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2021 Q3 2021 Q4 2022 Q2 2022 Q3 2022 Q4 2023 Q1
Net sales 1 427.6 460.6 - 754.4 729.4 840
EBITDA 1 304.3 340.4 - 481.6 531.7 587.7
EBIT - - - - - -
Operating Margin - - - - - -
Earnings before Tax (EBT) - - - - - -
Net income 1 153.6 5,240 147.4 353 17,766 566.7
Net margin 35.91% 1,137.68% - 46.79% 2,435.8% 67.47%
EPS - - 0.1500 - - -
Dividend per Share - - - - - -
Announcement Date 11/4/21 3/10/22 8/18/22 11/8/22 3/10/23 5/9/23
1TRY in Million
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024
Net Debt - - - 3,482 - -
Net Cash position - - - - - -
Leverage (Debt/EBITDA) - - - 1.915 x - -
Free Cash Flow 528 733 1,082 2,014 - -
ROE (net income / shareholders' equity) 10.8% 3.4% 45.6% 76.3% - 47%
ROA (Net income/ Total Assets) 6.66% 2.14% 31.6% 62.3% - -
Assets 1 12,997 13,717 16,811 29,594 - -
Book Value Per Share 8.520 - - - - -
Cash Flow per Share - - - - - -
Capex - 186 48.9 58.5 - -
Capex / Sales - 16.82% 3.3% 2.2% - -
Announcement Date 3/9/20 3/9/21 3/10/22 3/10/23 5/3/24 -
1TRY in Million
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
3
Last Close Price
47.64 TRY
Average target price
55.56 TRY
Spread / Average Target
+16.63%
Consensus

Quarterly revenue - Rate of surprise

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