Financials Akbank T.A.S.

Equities

AKBNK

TRAAKBNK91N6

Banks

Market Closed - Borsa Istanbul 16:09:59 26/04/2024 BST 5-day change 1st Jan Change
59.05 TRY +2.79% Intraday chart for Akbank T.A.S. -5.52% +61.69%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 42,172 36,036 37,440 101,660 189,904 307,060 - -
Enterprise Value (EV) 1 42,172 36,036 37,440 101,660 189,904 307,060 307,060 307,060
P/E ratio 7.59 x 5.76 x 3.09 x 1.69 x 2.86 x 4.52 x 2.71 x 2.19 x
Yield - - - 8.85% - 2.99% 5.66% 4.86%
Capitalization / Revenue 1.95 x 1.39 x 0.95 x 0.91 x 1.26 x 1.74 x 1.3 x 0.97 x
EV / Revenue 1.95 x 1.39 x 0.95 x 0.91 x 1.26 x 1.74 x 1.3 x 0.97 x
EV / EBITDA - - - - - - - -
EV / FCF - - - - - - - -
FCF Yield - - - - - - - -
Price to Book 0.78 x 0.57 x 0.49 x 0.66 x 0.9 x 1.14 x 0.85 x 0.63 x
Nbr of stocks (in thousands) 5,200,000 5,200,000 5,200,000 5,200,000 5,200,000 5,200,000 - -
Reference price 2 8.110 6.930 7.200 19.55 36.52 59.05 59.05 59.05
Announcement Date 31/01/20 02/02/21 01/02/22 31/01/23 01/02/24 - - -
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 21,613 25,973 39,520 111,777 150,442 176,533 236,548 315,576
EBITDA - - - - - - - -
EBIT 1 13,632 15,238 21,816 87,520 102,777 92,834 144,377 180,407
Operating Margin 63.07% 58.67% 55.2% 78.3% 68.32% 52.59% 61.04% 57.17%
Earnings before Tax (EBT) 1 6,927 8,284 16,640 80,271 87,092 89,508 129,952 165,286
Net income 1 5,352 6,260 12,127 60,026 66,496 71,958 107,087 119,018
Net margin 24.76% 24.1% 30.69% 53.7% 44.2% 40.76% 45.27% 37.71%
EPS 2 1.069 1.204 2.332 11.54 12.79 13.08 21.82 26.93
Free Cash Flow - - - - - - - -
FCF margin - - - - - - - -
FCF Conversion (EBITDA) - - - - - - - -
FCF Conversion (Net income) - - - - - - - -
Dividend per Share 2 - - - 1.730 - 1.763 3.342 2.870
Announcement Date 31/01/20 02/02/21 01/02/22 31/01/23 01/02/24 - - -
1TRY in Million2TRY
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 12,943 7,252 18,527 18,108 25,945 29,514 38,210 26,708 40,211 46,161 37,362 36,235 41,731 45,219 47,567
EBITDA - - - - - - - - - - - - - - -
EBIT - - 9,540 - - - - 16,282 30,003 33,610 22,881 - - - -
Operating Margin - - 51.49% - - - - 60.96% 74.62% 72.81% 61.24% - - - -
Earnings before Tax (EBT) 1 3,861 4,307 6,733 10,664 - 22,733 28,923 13,086 25,723 30,779 17,504 16,064 - - -
Net income 1 2,885 3,209 4,784 8,049 13,107 17,066 21,803 10,711 20,307 20,451 15,027 12,569 16,528 20,393 24,826
Net margin 22.29% 44.25% 25.82% 44.45% 50.52% 57.83% 57.06% 40.1% 50.5% 44.3% 40.22% 34.69% 39.61% 45.1% 52.19%
EPS 2 - 0.6170 0.9200 - 2.521 3.282 4.192 2.060 3.905 3.930 2.889 2.259 3.178 3.922 4.774
Dividend per Share - - - - - - - - - - - - - - -
Announcement Date 28/07/20 26/10/21 01/02/22 27/04/22 27/07/22 26/10/22 31/01/23 26/04/23 26/07/23 26/10/23 01/02/24 - - - -
1TRY in Million2TRY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt - - - - - - - -
Net Cash position - - - - - - - -
Leverage (Debt/EBITDA) - - - - - - - -
Free Cash Flow - - - - - - - -
ROE (net income / shareholders' equity) 10.9% 10.7% 17.5% 52.3% 36.5% 30% 32.3% 30%
ROA (Net income/ Total Assets) 1.4% 1.45% 1.95% 6.29% 4.36% 3.4% 3.56% 3.45%
Assets 1 382,309 432,743 620,558 955,048 1,526,018 2,116,417 3,008,068 3,449,797
Book Value Per Share 2 10.50 12.10 14.60 29.50 40.60 51.80 69.80 93.50
Cash Flow per Share - - - - - - - -
Capex - - - - - - - -
Capex / Sales - - - - - - - -
Announcement Date 31/01/20 02/02/21 01/02/22 31/01/23 01/02/24 - - -
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
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
14
Last Close Price
59.05 TRY
Average target price
51.58 TRY
Spread / Average Target
-12.66%
Consensus
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  4. Financials Akbank T.A.S.