Financials Creditwest Faktoring Anonim Sirketi

Equities

CRDFA

TRATPFAC91P5

Corporate Financial Services

Market Closed - Borsa Istanbul 16:09:43 22/05/2024 BST 5-day change 1st Jan Change
8.04 TRY +0.63% Intraday chart for Creditwest Faktoring Anonim Sirketi -1.23% +42.55%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 83.2 230.4 469.6 236.8 488 564
Enterprise Value (EV) 1 346 530.2 691.4 534.8 902.4 1,102
P/E ratio 3.51 x 9.93 x 30.5 x 17.5 x 14 x 8.55 x
Yield 25.1% - - - - -
Capitalization / Revenue 0.56 x 2.17 x 7.82 x 2.45 x 3.07 x 1.82 x
EV / Revenue 2.34 x 4.98 x 11.5 x 5.53 x 5.69 x 3.56 x
EV / EBITDA 2.84 x 6.47 x 16.8 x 7.3 x 7.35 x 4.56 x
EV / FCF 1.07 x 999 x 8.93 x -6.97 x -12.4 x -6.09 x
FCF Yield 93.7% 0.1% 11.2% -14.3% -8.04% -16.4%
Price to Book 0.64 x 1.49 x 2.77 x 1.04 x 2.07 x 1.5 x
Nbr of stocks (in thousands) 100,000 100,000 100,000 100,000 100,000 100,000
Reference price 2 0.8320 2.304 4.696 2.368 4.880 5.640
Announcement Date 28/02/19 28/02/20 26/02/21 25/02/22 23/02/23 27/02/24
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 147.5 106.4 60.08 96.63 158.7 309.8
EBITDA 1 121.6 81.92 41.16 73.22 122.8 242
EBIT 1 121.4 81.74 40.98 72.91 122.7 239.7
Operating Margin 82.29% 76.85% 68.21% 75.45% 77.29% 77.39%
Earnings before Tax (EBT) 1 30.58 29.82 17.52 17.57 41.19 95.59
Net income 1 23.71 23.2 15.4 13.53 30.15 66.11
Net margin 16.07% 21.81% 25.63% 14% 19% 21.34%
EPS 2 0.2371 0.2320 0.1540 0.1353 0.3479 0.6600
Free Cash Flow 1 324.1 0.5306 77.46 -76.72 -72.51 -181
FCF margin 219.64% 0.5% 128.92% -79.4% -45.68% -58.44%
FCF Conversion (EBITDA) 266.42% 0.65% 188.17% - - -
FCF Conversion (Net income) 1,366.58% 2.29% 502.97% - - -
Dividend per Share 2 0.2085 - - - - -
Announcement Date 28/02/19 28/02/20 26/02/21 25/02/22 23/02/23 27/02/24
1TRY in Million2TRY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 263 300 222 298 414 538
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 2.16 x 3.659 x 5.388 x 4.07 x 3.375 x 2.225 x
Free Cash Flow 1 324 0.53 77.5 -76.7 -72.5 -181
ROE (net income / shareholders' equity) 16.8% 16.3% 9.51% 6.82% 12.4% 20.8%
ROA (Net income/ Total Assets) 13.7% 11.8% 5.91% 9.24% 11.8% 18%
Assets 1 172.9 196.7 260.6 146.5 254.7 367.3
Book Value Per Share 2 1.310 1.540 1.700 2.270 2.360 3.760
Cash Flow per Share 2 0.0100 0.0300 0.0400 0.5300 0.2000 0.1400
Capex 1 0.04 0.31 0.13 0.17 0.87 16.4
Capex / Sales 0.03% 0.29% 0.22% 0.18% 0.55% 5.3%
Announcement Date 28/02/19 28/02/20 26/02/21 25/02/22 23/02/23 27/02/24
1TRY in Million2TRY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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