Financials Yeni Gimat Gayrimenkul Yatirim Ortakligi

Equities

YGGYO

TREYGMI00012

Commercial REITs

Market Closed - Borsa Istanbul 11:08:58 2024-07-12 am EDT 5-day change 1st Jan Change
53.9 TRY +9.51% Intraday chart for Yeni Gimat Gayrimenkul Yatirim Ortakligi +0.75% +45.52%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,281 2,078 1,985 3,353 8,055 8,880
Enterprise Value (EV) 1 1,010 1,706 1,630 2,828 7,096 7,223
P/E ratio 4.61 x 5.99 x 17.9 x 4.69 x 2.55 x 1.16 x
Yield 11.6% 7.92% 8.29% 7.14% 5.21% -
Capitalization / Revenue 5.76 x 8.92 x 12.1 x 12.1 x 13.2 x 6.16 x
EV / Revenue 4.54 x 7.32 x 9.91 x 10.2 x 11.6 x 5.01 x
EV / EBITDA 6.11 x 9.54 x 14.9 x 14.4 x 17.1 x 19.2 x
EV / FCF 9.64 x 15.4 x 24.9 x 19.1 x 28.5 x -17.8 x
FCF Yield 10.4% 6.5% 4.02% 5.24% 3.51% -5.63%
Price to Book 0.61 x 0.92 x 0.88 x 1.19 x 1.34 x 0.66 x
Nbr of stocks (in thousands) 239,218 239,533 239,533 239,533 239,743 239,743
Reference price 2 5.353 8.673 8.287 14.00 33.60 37.04
Announcement Date 2/26/19 2/10/20 2/8/21 2/22/22 2/22/23 3/27/24
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 222.3 232.9 164.5 277.7 609.9 1,442
EBITDA 1 165.2 178.8 109.7 196.3 415.8 376.3
EBIT 1 165.1 178.7 109.5 196.1 415.1 361.7
Operating Margin 74.29% 76.73% 66.57% 70.63% 68.06% 25.08%
Earnings before Tax (EBT) 1 275.7 342.9 108.9 699.9 3,091 7,521
Net income 1 275.7 342.9 108.9 699.9 3,087 7,516
Net margin 124.03% 147.22% 66.18% 252.05% 506.16% 521.07%
EPS 2 1.162 1.448 0.4629 2.983 13.16 32.03
Free Cash Flow 1 104.8 110.8 65.56 148.3 248.9 -406.8
FCF margin 47.12% 47.58% 39.85% 53.41% 40.81% -28.21%
FCF Conversion (EBITDA) 63.4% 61.96% 59.74% 75.54% 59.86% -
FCF Conversion (Net income) 37.99% 32.32% 60.21% 21.19% 8.06% -
Dividend per Share 2 0.6207 0.6867 0.6867 1.000 1.750 -
Announcement Date 2/26/19 2/10/20 2/8/21 2/22/22 2/22/23 3/27/24
1TRY in Million2TRY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 - - - - - -
Net Cash position 1 271 372 355 526 959 1,657
Leverage (Debt/EBITDA) - - - - - -
Free Cash Flow 1 105 111 65.6 148 249 -407
ROE (net income / shareholders' equity) 13.7% 15.8% 4.87% 28.2% 71.3% 65.7%
ROA (Net income/ Total Assets) 5.08% 5.06% 3.02% 4.84% 5.88% 1.95%
Assets 1 5,427 6,771 3,608 14,474 52,470 385,753
Book Value Per Share 2 8.790 9.440 9.370 11.80 25.10 56.20
Cash Flow per Share 2 1.140 1.550 1.510 2.240 3.860 7.210
Capex 1 0.16 0.35 0.09 0.89 2.52 555
Capex / Sales 0.07% 0.15% 0.05% 0.32% 0.41% 38.49%
Announcement Date 2/26/19 2/10/20 2/8/21 2/22/22 2/22/23 3/27/24
1TRY in Million2TRY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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