Company Valuation: Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi

Data adjusted to current consolidation scope
Fiscal Period: December 2021 2022 2023 2024 2025 2026 2027 2028
Market Cap 1 17,538 40,115 81,414 113,447 93,020 125,289 - -
Change - 128.73% 102.95% 39.35% -18.01% 34.69% - -
Enterprise Value (EV) 1 28,450 53,130 98,835 114,847 147,142 219,104 206,973 180,046
Change - 86.74% 86.03% 16.2% 28.12% 48.91% -5.54% -13.01%
P/E 16.4x 11.7x 3.68x 8.65x 10.4x 7.59x 6.12x 5.38x
PBR 0.94x - 1.26x 1.35x 0.86x 0.82x 0.71x 0.61x
PEG - 0x 0x -0.2x -0.3x 0.1x 0.3x 0.4x
Capitalization / Revenue 0.45x 0.44x 0.51x 0.49x 0.38x 0.36x 0.33x 0.26x
EV / Revenue 0.72x 0.59x 0.62x 0.5x 0.6x 0.62x 0.54x 0.38x
EV / EBITDA 4.05x 3.05x 3.65x 3.01x 3.63x 4.05x 3.22x 2.07x
EV / EBIT 6.48x 4.36x 4.97x 4.3x 5.58x 6x 4.35x 2.94x
EV / FCF 5.74x - 8.43x - - 7.04x 5.61x 4.73x
FCF Yield 17.4% - 11.9% - - 14.2% 17.8% 21.1%
Dividend per Share 2 0.1854 - 0.235 - - 0.1939 0.3692 0.592
Rate of return 6.26% - 1.71% - - 0.92% 1.74% 2.8%
EPS 2 0.1804 0.5791 3.737 2.215 1.513 2.787 3.457 3.936
Distribution rate 103% - 6.29% - - 6.96% 10.7% 15%
Net sales 1 39,296 90,504 159,877 231,354 243,847 351,422 385,049 479,857
EBITDA 1 7,024 17,419 27,045 38,191 40,509 54,058 64,363 87,101
EBIT 1 4,393 12,175 19,892 26,737 26,392 36,527 47,553 61,175
Net income 1 1,068 3,429 22,129 13,117 8,957 16,504 18,737 23,305
Net Debt 1 10,912 13,015 17,420 1,399 54,122 93,814 81,684 54,757
Reference price 2 2.96 6.78 13.75 19.16 15.71 21.16 21.16 21.16
Nbr of stocks (in thousands) 5,921,053 5,921,053 5,921,053 5,921,053 5,921,053 5,921,053 - -
Announcement Date 23/02/22 28/02/23 21/03/24 05/03/25 05/03/26 - - -
1TRY in Million2TRY
Estimates

P/E, Detailed evolution

P/E (Y) EV / Sales (Y) EV / EBITDA (Y) Dividend Yield (Y) Capi.($)
7.59x0.62x4.05x0.92% 2.66B
17.29x3.37x9.33x1.77% 158B
16.8x1.89x8.37x2.62% 47.45B
15.22x2.46x7.28x6.05% 48.13B
11.28x3.67x9.84x3.08% 22.94B
15.15x1.98x9.24x3.38% 19.8B
17.23x1.25x8.99x3.16% 14.42B
13.45x1.23x8.59x2.63% 14.3B
Average 14.25x 2.06x 8.21x 2.95% 41.02B
Weighted average by Cap. 16.12x 2.75x 8.83x 2.8%

Y-o-Y evolution of P/E

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA

Year-on-year evolution of the Yield

  1. Stock Market
  2. Stocks
  3. AEFES Stock
  4. Valuation Anadolu Efes Biracilik ve Malt Sanayii Anonim Sirketi