Financials TSKB Gayrimenkul Yatirim Ortakligi

Equities

TSGYO

TRETSGY00016

Diversified REITs

Market Closed - Borsa Istanbul 16:09:43 02/05/2024 BST 5-day change 1st Jan Change
11.57 TRY 0.00% Intraday chart for TSKB Gayrimenkul Yatirim Ortakligi -7.44% +92.51%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 246 402 2,875 1,865 3,354 3,906
Enterprise Value (EV) 1 475 657.4 3,002 1,858 3,328 3,840
P/E ratio -2.24 x 7.71 x -45.5 x 12.4 x 3.14 x 10.9 x
Yield - - - - - -
Capitalization / Revenue 10.1 x 15.5 x 130 x 59.5 x 68 x 31.3 x
EV / Revenue 19.6 x 25.4 x 135 x 59.2 x 67.5 x 30.8 x
EV / EBITDA 39.9 x 59.3 x 391 x 127 x 175 x 91.1 x
EV / FCF -106 x -5,992 x -372 x 1,465 x 216 x 144 x
FCF Yield -0.94% -0.02% -0.27% 0.07% 0.46% 0.69%
Price to Book 0.95 x 1.3 x 6.19 x 2.52 x 1.85 x 1.17 x
Nbr of stocks (in thousands) 300,000 300,000 500,000 650,000 650,000 650,000
Reference price 2 0.8200 1.340 5.750 2.870 5.160 6.010
Announcement Date 30/01/19 29/01/20 29/01/21 31/01/22 30/01/23 06/03/24
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 24.24 25.88 22.2 31.37 49.3 124.6
EBITDA 1 11.92 11.09 7.684 14.6 19.07 42.17
EBIT 1 11.84 10.99 7.593 14.51 18.91 41.62
Operating Margin 48.84% 42.47% 34.21% 46.24% 38.35% 33.39%
Earnings before Tax (EBT) 1 -61.89 52.11 -45.78 124.9 1,069 358.3
Net income 1 -61.89 52.11 -45.78 124.9 1,069 358.3
Net margin -255.34% 201.33% -206.26% 398.04% 2,169.34% 287.53%
EPS 2 -0.3655 0.1737 -0.1264 0.2308 1.645 0.5513
Free Cash Flow 1 -4.485 -0.1097 -8.075 1.268 15.37 26.62
FCF margin -18.51% -0.42% -36.38% 4.04% 31.18% 21.36%
FCF Conversion (EBITDA) - - - 8.69% 80.61% 63.13%
FCF Conversion (Net income) - - - 1.02% 1.44% 7.43%
Dividend per Share - - - - - -
Announcement Date 30/01/19 29/01/20 29/01/21 31/01/22 30/01/23 06/03/24
1TRY in Million2TRY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 229 255 127 - - -
Net Cash position 1 - - - 8 26.4 66.6
Leverage (Debt/EBITDA) 19.21 x 23.02 x 16.56 x - - -
Free Cash Flow 1 -4.49 -0.11 -8.07 1.27 15.4 26.6
ROE (net income / shareholders' equity) -28.9% 18.3% -11.8% 20.7% 83.9% 11.3%
ROA (Net income/ Total Assets) 1.52% 1.27% 0.81% 1.35% 0.92% 0.82%
Assets 1 -4,082 4,114 -5,684 9,273 115,906 43,925
Book Value Per Share 2 0.8600 1.030 0.9300 1.140 2.780 5.150
Cash Flow per Share 2 0.0500 0.0200 0.0200 0.0100 0.0400 0.1000
Capex 1 0.03 0.08 0.04 0.1 0.41 0.99
Capex / Sales 0.11% 0.31% 0.19% 0.33% 0.84% 0.79%
Announcement Date 30/01/19 29/01/20 29/01/21 31/01/22 30/01/23 06/03/24
1TRY in Million2TRY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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