Financials Bak Ambalaj Sanayi ve Ticaret

Equities

BAKAB

TRABAKAB91D3

Non-Paper Containers & Packaging

Market Closed - Borsa Istanbul 11:08:15 2024-07-11 am EDT 5-day change 1st Jan Change
39.98 TRY +2.36% Intraday chart for Bak Ambalaj Sanayi ve Ticaret -1.38% +9.53%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 182.5 264.6 727.2 681.5 2,174 2,628
Enterprise Value (EV) 1 274.1 337.4 788.9 801.8 2,654 3,260
P/E ratio 5.07 x 21.1 x 23.8 x 8.95 x 13.4 x 69.5 x
Yield - - 2.06% - - -
Capitalization / Revenue 0.4 x 0.56 x 1.22 x 0.76 x 1.11 x 0.77 x
EV / Revenue 0.6 x 0.72 x 1.32 x 0.9 x 1.36 x 0.95 x
EV / EBITDA 3.23 x 7.51 x 10 x 8.98 x 13.2 x 11.9 x
EV / FCF 21 x 8.99 x 60.2 x -12.4 x -7.72 x 22.6 x
FCF Yield 4.77% 11.1% 1.66% -8.04% -12.9% 4.42%
Price to Book 0.98 x 1.39 x 3.26 x 2.05 x 3.42 x 1.42 x
Nbr of stocks (in thousands) 72,000 72,000 72,000 72,000 72,000 72,000
Reference price 2 2.535 3.675 10.10 9.465 30.20 36.50
Announcement Date 3/11/19 3/10/20 3/10/21 3/9/22 3/13/23 5/10/24
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 454.2 470.3 595.4 895.8 1,956 3,419
EBITDA 1 84.9 44.89 78.69 89.28 200.7 275.1
EBIT 1 69.44 28.03 60.12 68.81 172 125.4
Operating Margin 15.29% 5.96% 10.1% 7.68% 8.79% 3.67%
Earnings before Tax (EBT) 1 45.79 15.88 39.13 76.59 104.7 98.95
Net income 1 35.97 12.53 30.59 76.18 162.7 37.79
Net margin 7.92% 2.66% 5.14% 8.5% 8.32% 1.11%
EPS 2 0.4995 0.1740 0.4249 1.058 2.260 0.5249
Free Cash Flow 1 13.08 37.53 13.12 -64.48 -343.7 144.1
FCF margin 2.88% 7.98% 2.2% -7.2% -17.57% 4.22%
FCF Conversion (EBITDA) 15.4% 83.6% 16.67% - - 52.39%
FCF Conversion (Net income) 36.35% 299.63% 42.87% - - 381.38%
Dividend per Share - - 0.2083 - - -
Announcement Date 3/11/19 3/10/20 3/10/21 3/9/22 3/13/23 5/10/24
1TRY in Million2TRY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 91.6 72.8 61.7 120 480 632
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 1.079 x 1.621 x 0.7841 x 1.348 x 2.391 x 2.298 x
Free Cash Flow 1 13.1 37.5 13.1 -64.5 -344 144
ROE (net income / shareholders' equity) 21.9% 6.64% 14.8% 27.4% 33.6% 2.21%
ROA (Net income/ Total Assets) 10.2% 3.78% 7.45% 5.2% 7.08% 2.13%
Assets 1 352 331.5 410.6 1,466 2,299 1,771
Book Value Per Share 2 2.600 2.640 3.100 4.610 8.830 25.70
Cash Flow per Share 2 0.5600 0.6000 1.210 2.320 2.500 3.070
Capex 1 20.5 11.5 18.3 67.6 120 97.6
Capex / Sales 4.5% 2.45% 3.07% 7.55% 6.15% 2.85%
Announcement Date 3/11/19 3/10/20 3/10/21 3/9/22 3/13/23 5/10/24
1TRY in Million2TRY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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