Turkish (BIST) Utilities Sector Analysis
UpdatedMay 20, 2024
DataAggregated Company Financials
Companies30
- 7D6.4%
- 3M12.2%
- 1Y102.2%
- YTD41.3%
In the last week, the Utilities industry is up 6.4%, with Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim leading the way, up 19%. In the same time, Ayen Enerji was down 6.7%. In the last 12 months, the industry was up 102%. In the next few years, earnings are forecast to decline by 37% annually.
Sector Valuation and Performance
Has the Turkish Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Mon, 20 May 2024 | ₺600.7b | ₺478.3b | ₺63.2b | 12.3x | 9.5x | 1.3x |
| Wed, 17 Apr 2024 | ₺554.2b | ₺451.2b | ₺49.6b | 16.2x | 11.2x | 1.2x |
| Fri, 15 Mar 2024 | ₺512.8b | ₺445.0b | ₺31.5b | 16x | 16.3x | 1.2x |
| Sun, 11 Feb 2024 | ₺469.1b | ₺367.0b | ₺50.4b | 16.1x | 9.3x | 1.3x |
| Tue, 09 Jan 2024 | ₺377.5b | ₺367.0b | ₺50.4b | 12.3x | 7.5x | 1x |
| Thu, 07 Dec 2023 | ₺397.5b | ₺363.0b | ₺49.8b | 13.3x | 8x | 1.1x |
| Sat, 04 Nov 2023 | ₺423.9b | ₺355.0b | ₺39.3b | 14.9x | 10.8x | 1.2x |
| Mon, 02 Oct 2023 | ₺486.3b | ₺351.1b | ₺36.1b | 16.1x | 13.5x | 1.4x |
| Wed, 30 Aug 2023 | ₺436.4b | ₺335.1b | ₺35.8b | 13.4x | 12.2x | 1.3x |
| Fri, 28 Jul 2023 | ₺347.4b | ₺328.6b | ₺38.2b | 11.8x | 9.1x | 1.1x |
| Sun, 25 Jun 2023 | ₺270.9b | ₺328.7b | ₺38.3b | 9.7x | 7.1x | 0.8x |
| Tue, 23 May 2023 | ₺223.7b | ₺297.3b | ₺37.0b | 7.5x | 6.1x | 0.8x |
| Thu, 20 Apr 2023 | ₺256.5b | ₺265.3b | ₺34.5b | 9.7x | 7.4x | 1x |
| Sat, 18 Mar 2023 | ₺273.1b | ₺261.2b | ₺33.4b | 9.9x | 8.2x | 1x |
| Mon, 13 Feb 2023 | ₺220.2b | ₺209.5b | ₺23.2b | 9.3x | 9.5x | 1.1x |
| Wed, 11 Jan 2023 | ₺296.2b | ₺202.0b | ₺20.9b | 11.7x | 14.1x | 1.5x |
| Fri, 09 Dec 2022 | ₺313.9b | ₺201.6b | ₺20.8b | 14.6x | 15.1x | 1.6x |
| Sun, 06 Nov 2022 | ₺276.2b | ₺173.2b | ₺15.4b | 13x | 18x | 1.6x |
| Tue, 04 Oct 2022 | ₺214.9b | ₺155.3b | ₺14.7b | 9.9x | 14.6x | 1.4x |
| Thu, 01 Sep 2022 | ₺183.0b | ₺155.2b | ₺14.6b | 9.6x | 12.5x | 1.2x |
| Sat, 30 Jul 2022 | ₺154.7b | ₺121.0b | ₺7.5b | 13.8x | 20.6x | 1.3x |
| Mon, 27 Jun 2022 | ₺139.0b | ₺121.0b | ₺7.5b | 12.6x | 18.5x | 1.1x |
| Wed, 25 May 2022 | ₺117.6b | ₺120.9b | ₺8.1b | 10.5x | 14.6x | 1x |
| Fri, 22 Apr 2022 | ₺123.1b | ₺91.2b | ₺6.4b | 13.9x | 19.3x | 1.3x |
| Sun, 20 Mar 2022 | ₺95.4b | ₺90.4b | ₺5.4b | 12.1x | 17.5x | 1.1x |
| Tue, 15 Feb 2022 | ₺93.7b | ₺70.4b | ₺5.1b | 14.6x | 18.5x | 1.3x |
| Thu, 13 Jan 2022 | ₺84.5b | ₺70.1b | ₺5.5b | 14.9x | 15.4x | 1.2x |
| Sat, 11 Dec 2021 | ₺81.9b | ₺70.1b | ₺5.4b | 15.9x | 15.2x | 1.2x |
| Mon, 08 Nov 2021 | ₺79.2b | ₺69.4b | ₺4.4b | 22x | 18x | 1.1x |
| Wed, 06 Oct 2021 | ₺74.4b | ₺53.1b | ₺4.0b | 16.1x | 18.4x | 1.4x |
| Fri, 03 Sep 2021 | ₺69.8b | ₺53.1b | ₺4.0b | 15x | 17.3x | 1.3x |
| Sun, 01 Aug 2021 | ₺57.1b | ₺53.1b | ₺4.0b | 14.3x | 14.1x | 1.1x |
Price to Earnings Ratio
17.2x
Current Industry PE
- Investors are pessimistic on the Turkish Utilities industry, indicating that they anticipate long term growth rates will be lower than they have historically.
- The industry is trading at a PE ratio of 9.5x which is lower than its 3-year average PE of 13.3x.
- The industry is trading close to its 3-year average PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 180% per year over the last three years.
- Revenues for these companies have grown 107% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Turkish Utilities sector?
| TR Market | 4.20% | |
| Utilities | 6.43% | |
| Gas Utilities | 11.19% | |
| Renewable Energy | 6.07% | |
| Electric Utilities | 3.55% | |
| Other Utilities | 0% | |
| Water Utilities | 0% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry even though it's trading below its 3-year average PE ratio of 19.7x.
- Analysts are expecting annual earnings decline of 56.0%, which is lower than the prior year's growth of 47.1% per year.
- Investors are most pessimistic about the Gas Utilities industry, which is trading below its 3-year average of 13.2x.
Forecasted Growth
- Despite it being negative, analysts are least pessimistic on the Gas Utilities industry since they expect its earnings to decline by only 14% per year over the next 5 years, which isn't as bad as the other industries.
- This is a reversal from its past annual earnings growth rate of 3.0% per year.
- In contrast, the Renewable Energy industry is expected to see its earnings decline by 56% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | |
|---|---|---|---|---|---|
| AKSEN Aksa Enerji Üretim | ₺46.44 | 17.3% +₺8.4b | 63.8% | PE10.4x | |
| AHGAZ Ahlatci Dogal Gaz Dagitim Enerji ve Yatirim | ₺15.40 | 18.8% +₺6.3b | 119.7% | PE12.9x | |
| ENJSA Enerjisa Enerji | ₺69.90 | 8.0% +₺6.1b | 160.4% | PE18.3x | |
| AYGAZ Aygaz | ₺209.90 | 8.8% +₺3.7b | 252.8% | PE7.7x | |
| AKENR Akenerji Elektrik Üretim | ₺21.42 | 24.7% +₺3.1b | 438.2% | PE3.1x |