Upcoming Dividend • May 06
Upcoming dividend of ₺2.35 per share Eligible shareholders must have bought the stock before 13 May 2026. Payment date: 15 May 2026. Payout ratio is a comfortable 27% but the company is not cash flow positive. Trailing yield: 3.7%. Within top quartile of Turkish dividend payers (2.7%). Lower than average of industry peers (4.4%). Announcement • May 06
Turcas Holding A.S., Annual General Meeting, May 05, 2026 Turcas Holding A.S., Annual General Meeting, May 05, 2026. Location: kennedy caddesi no: 34 kalyon otel sultanahmet, istanbul Turkey Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₺43.94, the stock trades at a trailing P/E ratio of 10.4x. Average trailing P/E is 17x in the Oil and Gas industry in Turkey. Total returns to shareholders of 129% over the past three years. Upcoming Dividend • Oct 10
Upcoming dividend of ₺0.67 per share Eligible shareholders must have bought the stock before 17 October 2025. Payment date: 21 October 2025. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 5.4%. Within top quartile of Turkish dividend payers (3.2%). Lower than average of industry peers (6.1%). Valuation Update With 7 Day Price Move • Jun 23
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₺32.26, the stock trades at a trailing P/E ratio of 9.1x. Average forward P/E is 9x in the Oil and Gas industry in Turkey. Total returns to shareholders of 303% over the past three years. Upcoming Dividend • Jun 23
Upcoming dividend of ₺0.78 per share Eligible shareholders must have bought the stock before 30 June 2025. Payment date: 02 July 2025. Payout ratio is a comfortable 9.9% but the company is not cash flow positive. Trailing yield: 3.9%. Within top quartile of Turkish dividend payers (3.8%). Lower than average of industry peers (6.6%). New Risk • May 12
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 25% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Paying a dividend despite having no free cash flows. Large one-off items impacting financial results. Announcement • Apr 14
Turcas Petrol A.S., Annual General Meeting, May 06, 2025 Turcas Petrol A.S., Annual General Meeting, May 06, 2025. Location: kennedy caddesi no: 34 kalyon otel sultanahmet, istanbul Turkey Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₺31.90, the stock trades at a trailing P/E ratio of 9.1x. Average forward P/E is 8x in the Oil and Gas industry in Turkey. Total returns to shareholders of 516% over the past three years. New Risk • Feb 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Turkish stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Dividend is not well covered by cash flows (135% cash payout ratio). Share price has been volatile over the past 3 months (6.6% average weekly change). New Risk • Jan 13
New major risk - Financial data availability The company has not reported any financial data. This is considered a major risk. With no or incomplete audited reported financial data, it is virtually impossible to assess the company's investment potential. Currently, the following risks have been identified for the company: Major Risk No financial data reported. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. New Risk • Sep 22
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 25% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (25% accrual ratio). Revenue is less than US$1m. Valuation Update With 7 Day Price Move • Apr 09
Investor sentiment improves as stock rises 21% After last week's 21% share price gain to ₺29.14, the stock trades at a trailing P/E ratio of 15x. Average forward P/E is 8x in the Oil and Gas industry in Turkey. Total returns to shareholders of 612% over the past three years. Valuation Update With 7 Day Price Move • Jan 02
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₺19.30, the stock trades at a trailing P/E ratio of 9.9x. Average trailing P/E is 10x in the Oil and Gas industry in Turkey. Total returns to shareholders of 299% over the past three years. Valuation Update With 7 Day Price Move • Nov 06
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₺23.18, the stock trades at a trailing P/E ratio of 11.9x. Average trailing P/E is 11x in the Oil and Gas industry in Turkey. Total returns to shareholders of 389% over the past three years. New Risk • Nov 01
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Turkish stocks, typically moving 11% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risk Share price has been volatile over the past 3 months (11% average weekly change). Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₺13.51, the stock trades at a trailing P/E ratio of 3.8x. Average trailing P/E is 6x in the Oil and Gas industry in Turkey. Total returns to shareholders of 276% over the past three years. Valuation Update With 7 Day Price Move • Jan 06
Investor sentiment deteriorated over the past week After last week's 17% share price decline to ₺19.59, the stock trades at a trailing P/E ratio of 5.6x. Average trailing P/E is 8x in the Oil and Gas industry in Turkey. Total returns to shareholders of 566% over the past three years. Board Change • Nov 16
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Lale Ergin was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Valuation Update With 7 Day Price Move • Oct 21
Investor sentiment improved over the past week After last week's 22% share price gain to ₺22.78, the stock trades at a trailing P/E ratio of 4.8x. Average trailing P/E is 10x in the Oil and Gas industry in Turkey. Total returns to shareholders of 1,145% over the past three years. Valuation Update With 7 Day Price Move • Oct 05
Investor sentiment improved over the past week After last week's 19% share price gain to ₺16.19, the stock trades at a trailing P/E ratio of 3.4x. Average trailing P/E is 8x in the Oil and Gas industry in Turkey. Total returns to shareholders of 820% over the past three years. Valuation Update With 7 Day Price Move • Sep 15
Investor sentiment improved over the past week After last week's 16% share price gain to ₺14.24, the stock trades at a trailing P/E ratio of 3x. Average trailing P/E is 8x in the Oil and Gas industry in Turkey. Total returns to shareholders of 649% over the past three years. Valuation Update With 7 Day Price Move • Aug 15
Investor sentiment improved over the past week After last week's 36% share price gain to ₺11.62, the stock trades at a trailing P/E ratio of 4.2x. Average trailing P/E is 9x in the Oil and Gas industry in Turkey. Total returns to shareholders of 690% over the past three years. Valuation Update With 7 Day Price Move • Jun 06
Investor sentiment improved over the past week After last week's 25% share price gain to ₺8.13, the stock trades at a trailing P/E ratio of 2.9x. Average forward P/E is 6x in the Oil and Gas industry in Turkey. Total returns to shareholders of 498% over the past three years. Price Target Changed • Apr 27
Price target increased to ₺4.20 Up from ₺3.20, the current price target is provided by 1 analyst. New target price is 33% below last closing price of ₺6.28. Stock is up 77% over the past year. The company posted a net loss per share of ₺0.14 last year. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was an independent director. The company's board is composed of: 1 new director. 2 experienced directors. 4 highly experienced directors. 2 independent directors (5 non-independent directors). Independent Director Lale Ergin was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Mar 05
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: ₺0.14 loss per share (up from ₺0.48 loss in FY 2020). Net loss: ₺36.3m (loss narrowed 71% from FY 2020). Revenue missed analyst estimates by 100%. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has increased by 47% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 10
Investor sentiment improved over the past week After last week's 15% share price gain to ₺4.79, the stock trades at a trailing P/E ratio of 9.6x. Average forward P/E is 8x in the Oil and Gas industry in Turkey. Total returns to shareholders of 224% over the past three years. Reported Earnings • Nov 11
Third quarter 2021 earnings released: EPS ₺0.48 (vs ₺0.18 loss in 3Q 2020) Third quarter 2021 results: Net income: ₺122.6m (up ₺168.9m from 3Q 2020). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has increased by 40% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Aug 24
Second quarter 2021 earnings released Second quarter 2021 results: Net loss: ₺48.9m (loss widened 4.5% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 25% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Reported Earnings • Jun 12
First quarter 2021 earnings released: ₺0.025 loss per share (vs ₺0.35 loss in 1Q 2020) First quarter 2021 results: Net loss: ₺6.35m (loss narrowed 93% from 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has increased by 34% per year, which means it is well ahead of earnings. Reported Earnings • Mar 15
Full year 2020 earnings released Full year 2020 results: Net loss: ₺124.0m (loss widened 332% from FY 2019). Over the last 3 years on average, earnings per share has fallen by 66% per year but the company’s share price has increased by 28% per year, which means it is well ahead of earnings. Is New 90 Day High Low • Feb 01
New 90-day high: ₺5.56 The company is up 25% from its price of ₺4.44 on 03 November 2020. The Turkish market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 4.0% over the same period. Price Target Changed • Jan 12
Price target raised to ₺3.20 Up from ₺1.49, the current price target is provided by 1 analyst. The new target price is 36% below the current share price of ₺5.03. As of last close, the stock is up 64% over the past year. Is New 90 Day High Low • Dec 04
New 90-day high: ₺5.40 The company is up 63% from its price of ₺3.31 on 04 September 2020. The Turkish market is up 22% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 1.0% over the same period. Is New 90 Day High Low • Oct 06
New 90-day high: ₺4.13 The company is up 3.0% from its price of ₺4.01 on 08 July 2020. The Turkish market is up 10.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Oil and Gas industry, which is up 2.0% over the same period. Announcement • Jul 31
Turcas Petrol A.S. to Report First Half, 2020 Results on Aug 19, 2020 Turcas Petrol A.S. announced that they will report first half, 2020 results on Aug 19, 2020