View ValuationAygaz 将来の成長Future 基準チェック /56Aygaz利益と収益がそれぞれ年間33.6%と24.7%増加すると予測されています。EPS は年間 増加すると予想されています。自己資本利益率は 3 年後に9.2% 23.2%なると予測されています。主要情報33.6%収益成長率23.22%EPS成長率Gas Utilities 収益成長6.8%収益成長率24.7%将来の株主資本利益率9.15%アナリストカバレッジLow最終更新日26 May 2026今後の成長に関する最新情報Price Target Changed • Apr 26Price target increased by 7.5% to ₺309Up from ₺287, the current price target is an average from 5 analysts. New target price is 11% above last closing price of ₺278. Stock is up 110% over the past year.Price Target Changed • Apr 17Price target increased by 10.0% to ₺300Up from ₺272, the current price target is an average from 5 analysts. New target price is 11% above last closing price of ₺269. Stock is up 109% over the past year.Major Estimate Revision • Apr 07Consensus revenue estimates increase by 45%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from ₺99.2b to ₺143.8b. EPS estimate unchanged from ₺29.10 at last update. Gas Utilities industry in Turkey expected to see average net income growth of 8.4% next year. Consensus price target up from ₺272 to ₺287. Share price rose 12% to ₺260 over the past week.Major Estimate Revision • Nov 07Consensus EPS estimates increase by 37%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from ₺88.7b to ₺86.5b. EPS estimate rose from ₺14.09 to ₺19.30. Net income forecast to grow 75% next year vs 7.6% growth forecast for Gas Utilities industry in Turkey. Consensus price target up from ₺225 to ₺247. Share price rose 2.8% to ₺203 over the past week.Price Target Changed • Nov 02Price target increased by 13% to ₺242Up from ₺215, the current price target is an average from 5 analysts. New target price is 23% above last closing price of ₺198. Stock is up 31% over the past year. The company is forecast to post earnings per share of ₺14.09 for next year compared to ₺9.66 last year.Price Target Changed • Sep 10Price target increased by 7.3% to ₺209Up from ₺195, the current price target is an average from 4 analysts. New target price is 25% above last closing price of ₺168. Stock is up 16% over the past year. The company is forecast to post earnings per share of ₺12.00 for next year compared to ₺9.66 last year.すべての更新を表示Recent updatesNew Risk • May 29New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.2% Last year net profit margin: 7.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.2% net profit margin).New Risk • May 13New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.5% Last year net profit margin: 7.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.5% net profit margin).Price Target Changed • Apr 26Price target increased by 7.5% to ₺309Up from ₺287, the current price target is an average from 5 analysts. New target price is 11% above last closing price of ₺278. Stock is up 110% over the past year.Price Target Changed • Apr 17Price target increased by 10.0% to ₺300Up from ₺272, the current price target is an average from 5 analysts. New target price is 11% above last closing price of ₺269. Stock is up 109% over the past year.Major Estimate Revision • Apr 07Consensus revenue estimates increase by 45%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from ₺99.2b to ₺143.8b. EPS estimate unchanged from ₺29.10 at last update. Gas Utilities industry in Turkey expected to see average net income growth of 8.4% next year. Consensus price target up from ₺272 to ₺287. Share price rose 12% to ₺260 over the past week.Upcoming Dividend • Mar 09Upcoming dividend of ₺12.55 per shareEligible shareholders must have bought the stock before 16 March 2026. Payment date: 18 March 2026. Payout ratio is on the higher end at 89%, and the cash payout ratio is above 100%. Trailing yield: 5.0%. Within top quartile of Turkish dividend payers (3.0%). Higher than average of industry peers (3.4%).お知らせ • Feb 17Aygaz A.S. announces Annual dividend, payable on March 18, 2026Aygaz A.S. announced Annual dividend of TRY 12.5500 per share payable on March 18, 2026, ex-date on March 16, 2026 and record date on March 17, 2026.お知らせ • Feb 16Aygaz A.S., Annual General Meeting, Mar 11, 2026Aygaz A.S., Annual General Meeting, Mar 11, 2026. Location: buyukdere caddesi, no:145/1 zincirlikuyu sisli, istanbul TurkeyReported Earnings • Feb 15Full year 2025 earnings releasedFull year 2025 results: Revenue: ₺89.7b (up 9.6% from FY 2024). Net income: ₺5.00b (up 135% from FY 2024). Profit margin: 5.6% (up from 2.6% in FY 2024). The increase in margin was driven by higher revenue.Major Estimate Revision • Nov 07Consensus EPS estimates increase by 37%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from ₺88.7b to ₺86.5b. EPS estimate rose from ₺14.09 to ₺19.30. Net income forecast to grow 75% next year vs 7.6% growth forecast for Gas Utilities industry in Turkey. Consensus price target up from ₺225 to ₺247. Share price rose 2.8% to ₺203 over the past week.Reported Earnings • Nov 03Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: ₺64.8b (up 222% from 3Q 2024). Net income: ₺2.75b (up 163% from 3Q 2024). Profit margin: 4.2% (down from 5.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Gas Utilities industry in Asia.Price Target Changed • Nov 02Price target increased by 13% to ₺242Up from ₺215, the current price target is an average from 5 analysts. New target price is 23% above last closing price of ₺198. Stock is up 31% over the past year. The company is forecast to post earnings per share of ₺14.09 for next year compared to ₺9.66 last year.Price Target Changed • Sep 10Price target increased by 7.3% to ₺209Up from ₺195, the current price target is an average from 4 analysts. New target price is 25% above last closing price of ₺168. Stock is up 16% over the past year. The company is forecast to post earnings per share of ₺12.00 for next year compared to ₺9.66 last year.Price Target Changed • Jul 20Price target decreased by 10% to ₺195Down from ₺217, the current price target is an average from 4 analysts. New target price is 31% above last closing price of ₺149. Stock is down 13% over the past year. The company posted earnings per share of ₺9.66 last year.New Risk • Apr 22New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 130% The company is paying a dividend despite having no free cash flows. Dividend yield: 9.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 130% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (2.6% net profit margin).Upcoming Dividend • Mar 26Upcoming dividend of ₺12.55 per shareEligible shareholders must have bought the stock before 02 April 2025. Payment date: 04 April 2025. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 4.3%. Within top quartile of Turkish dividend payers (3.0%). Higher than average of industry peers (3.7%).Declared Dividend • Mar 06Dividend increased to ₺12.55Dividend of ₺12.55 is 83% higher than last year. Ex-date: 2nd April 2025 Payment date: 4th April 2025 Dividend yield will be 7.9%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 78% per year over the past 4 years and payments have been stable during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend.お知らせ • Mar 04+ 1 more updateAygaz A.S. announces Annual dividend, payable on April 04, 2025Aygaz A.S. announced Annual dividend of TRY 12.5500 per share payable on April 04, 2025, ex-date on April 02, 2025 and record date on April 03, 2025.Reported Earnings • Feb 18Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ₺9.66 (down from ₺27.09 in FY 2023). Revenue: ₺81.8b (up 26% from FY 2023). Net income: ₺2.12b (down 64% from FY 2023). Profit margin: 2.6% (down from 9.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.9%. Earnings per share (EPS) also surpassed analyst estimates by 2.7%. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Jan 26Aygaz A.S. to Report Fiscal Year 2024 Results on Feb 17, 2025Aygaz A.S. announced that they will report fiscal year 2024 results on Feb 17, 2025New Risk • Nov 26New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 12% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 12% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (104% cash payout ratio).Reported Earnings • Nov 06Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: ₺20.1b (up 41% from 3Q 2023). Net income: ₺1.05b (down 57% from 3Q 2023). Profit margin: 5.2% (down from 17% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 2.8% growth forecast for the Gas Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has increased by 81% per year, which means it is tracking significantly ahead of earnings growth.New Risk • Aug 12New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.4% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Reported Earnings • Aug 06Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: ₺17.6b (up 82% from 2Q 2023). Net income: ₺256.8m (down 65% from 2Q 2023). Profit margin: 1.5% (down from 7.5% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 2.6% growth forecast for the Gas Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has increased by 99% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Jun 09Price target increased by 7.1% to ₺207Up from ₺193, the current price target is an average from 5 analysts. New target price is 18% above last closing price of ₺175. Stock is up 107% over the past year. The company is forecast to post earnings per share of ₺21.12 for next year compared to ₺27.09 last year.Valuation Update With 7 Day Price Move • May 29Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₺186, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Gas Utilities industry in Asia. Total returns to shareholders of 1,783% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₺78.71 per share.Reported Earnings • May 23First quarter 2024 earnings released: ₺0.018 loss per share (vs ₺3.13 profit in 1Q 2023)First quarter 2024 results: ₺0.018 loss per share (down from ₺3.13 profit in 1Q 2023). Revenue: ₺15.8b (up 27% from 1Q 2023). Net loss: ₺3.99m (down 101% from profit in 1Q 2023). Profit margin: 0% (down from 5.5% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Gas Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has increased by 120% per year, which means it is tracking significantly ahead of earnings growth.お知らせ • Apr 03Aygaz A.S., Annual General Meeting, Apr 01, 2024Aygaz A.S., Annual General Meeting, Apr 01, 2024, at 12:00 Coordinated Universal Time. Location: Büyükdere Caddesi, No:145/1 Zincirlikuyu Istanbul Turkey Agenda: To consider Opening and election of the Chairman of the Meeting; to consider Reading, discussing and approving the 2023 Annual Report prepared by the Board of Directors; to consider Reading the summary of Independent Audit Report Summary for 2023 accounting period; to consider Acquittal of each member of the Board of Directors in relation to the activities of Company in 2023; to consider Acceptance, acceptance after amendment or refusal of the proposal of the Board of Directors in accordance with the Company's profit distribution policy regarding the distribution of the profits of 2023 and the date of the distribution of profits; to consider Determining the number and duty term of the Members of the Board of Directors, making elections in accordance with the determined number of members, selecting the Independent Members of the Board of Directors; to consider Determining the annual gross salaries of the members of the Board of Directors; and to consider other matters.Upcoming Dividend • Mar 28Upcoming dividend of ₺6.85 per shareEligible shareholders must have bought the stock before 04 April 2024. Payment date: 08 April 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of Turkish dividend payers (2.0%). Higher than average of industry peers (3.6%).Reported Earnings • Mar 06Full year 2023 earnings released: EPS: ₺27.09 (vs ₺17.32 in FY 2022)Full year 2023 results: EPS: ₺27.09 (up from ₺17.32 in FY 2022). Revenue: ₺64.8b (up 73% from FY 2022). Net income: ₺5.95b (up 26% from FY 2022). Profit margin: 9.2% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Gas Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 90% per year whereas the company’s share price has increased by 87% per year.New Risk • Feb 26New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 8.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 8.0% per year for the foreseeable future. High level of non-cash earnings (54% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.Price Target Changed • Feb 21Price target increased by 8.6% to ₺172Up from ₺159, the current price target is an average from 4 analysts. New target price is 10% above last closing price of ₺156. Stock is up 110% over the past year. The company is forecast to post earnings per share of ₺21.30 for next year compared to ₺17.32 last year.お知らせ • Feb 07Aygaz A.S. to Report Fiscal Year 2023 Results on Mar 04, 2024Aygaz A.S. announced that they will report fiscal year 2023 results on Mar 04, 2024Major Estimate Revision • Dec 26Consensus EPS estimates increase by 46%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from ₺49.5b to ₺53.0b. EPS estimate increased from ₺14.60 to ₺21.30 per share. Net income forecast to shrink 25% next year vs 13% growth forecast for Gas Utilities industry in Turkey . Consensus price target up from ₺152 to ₺159. Share price fell 2.3% to ₺121 over the past week.Price Target Changed • Nov 17Price target increased by 17% to ₺152Up from ₺131, the current price target is an average from 5 analysts. New target price is 16% above last closing price of ₺131. Stock is up 93% over the past year. The company is forecast to post earnings per share of ₺14.60 for next year compared to ₺17.32 last year.Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: ₺11.02 (vs ₺5.63 in 3Q 2022)Third quarter 2023 results: EPS: ₺11.02 (up from ₺5.63 in 3Q 2022). Revenue: ₺14.3b (up 36% from 3Q 2022). Net income: ₺2.42b (up 57% from 3Q 2022). Profit margin: 17% (up from 15% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Gas Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has increased by 113% per year, which means it is tracking significantly ahead of earnings growth.Valuation Update With 7 Day Price Move • Sep 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₺142, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Gas Utilities industry in Asia. Total returns to shareholders of 1,709% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₺115 per share.Price Target Changed • Sep 08Price target increased by 15% to ₺108Up from ₺94.11, the current price target is an average from 4 analysts. New target price is 13% below last closing price of ₺124. Stock is up 155% over the past year. The company is forecast to post earnings per share of ₺15.30 for next year compared to ₺17.32 last year.Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₺128, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Gas Utilities industry in Asia. Total returns to shareholders of 1,405% over the past three years.New Risk • Aug 07New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 92% Dividend yield: 0.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 5.6% per year for the foreseeable future. High level of non-cash earnings (57% accrual ratio). Minor Risk Dividend is not well covered by cash flows (92% cash payout ratio).Price Target Changed • Aug 01Price target increased by 8.9% to ₺100Up from ₺92.18, the current price target is an average from 4 analysts. New target price is 12% below last closing price of ₺114. Stock is up 121% over the past year. The company is forecast to post earnings per share of ₺11.68 for next year compared to ₺17.32 last year.Reported Earnings • Aug 01Second quarter 2023 earnings released: EPS: ₺3.30 (vs ₺4.98 in 2Q 2022)Second quarter 2023 results: EPS: ₺3.30 (down from ₺4.98 in 2Q 2022). Revenue: ₺9.72b (up 1.7% from 2Q 2022). Net income: ₺724.4m (down 34% from 2Q 2022). Profit margin: 7.5% (down from 11% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Gas Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 88% per year, which means it is significantly lagging earnings growth.Major Estimate Revision • Jul 25Consensus revenue estimates increase by 17%, EPS downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from ₺45.0b to ₺52.6b. EPS estimate fell from ₺14.77 to ₺11.68. Net income forecast to shrink 42% next year vs 16% growth forecast for Gas Utilities industry in Turkey . Consensus price target up from ₺92.18 to ₺94.11. Share price rose 11% to ₺113 over the past week.Valuation Update With 7 Day Price Move • Jul 07Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₺107, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Gas Utilities industry in Asia. Total returns to shareholders of 1,222% over the past three years.Valuation Update With 7 Day Price Move • Jun 07Investor sentiment improves as stock rises 22%After last week's 22% share price gain to ₺79.40, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Gas Utilities industry in Asia. Total returns to shareholders of 900% over the past three years.Buying Opportunity • May 22Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 20%. The fair value is estimated to be ₺75.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 58% over the last 3 years. Earnings per share has grown by 116%. Revenue is forecast to grow by 6.4% in a year. Earnings is forecast to decline by 44% in the next year.Buying Opportunity • May 03Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 24%. The fair value is estimated to be ₺75.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 58% over the last 3 years. Earnings per share has grown by 116%. Revenue is forecast to grow by 6.4% in a year. Earnings is forecast to decline by 44% in the next year.Reported Earnings • Apr 30First quarter 2023 earnings released: EPS: ₺3.13 (vs ₺0.91 in 1Q 2022)First quarter 2023 results: EPS: ₺3.13 (up from ₺0.91 in 1Q 2022). Revenue: ₺12.4b (up 94% from 1Q 2022). Net income: ₺687.3m (up 242% from 1Q 2022). Profit margin: 5.5% (up from 3.1% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Gas Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 67% per year, which means it is significantly lagging earnings growth.Upcoming Dividend • Mar 20Upcoming dividend of ₺1.00 per share at 1.3% yieldEligible shareholders must have bought the stock before 27 March 2023. Payment date: 29 March 2023. Payout ratio is a comfortable 5.8% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Turkish dividend payers (2.6%). Lower than average of industry peers (3.2%).Reported Earnings • Feb 11Full year 2022 earnings releasedFull year 2022 results: Revenue: ₺37.5b (up 136% from FY 2021). Net income: ₺4.73b (up ₺4.06b from FY 2021). Profit margin: 13% (up from 4.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Gas Utilities industry in Asia.Valuation Update With 7 Day Price Move • Feb 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₺67.00, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 11x in the Gas Utilities industry in Asia. Total returns to shareholders of 647% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₺75.96 per share.Major Estimate Revision • Jan 26Consensus EPS estimates increase by 161%The consensus outlook for earnings per share (EPS) in fiscal year 2022 has improved. 2022 revenue forecast increased from ₺36.4b to ₺37.1b. EPS estimate increased from ₺7.48 to ₺19.52 per share. Net income forecast to grow 16% next year vs 14% growth forecast for Gas Utilities industry in Turkey. Consensus price target up from ₺55.96 to ₺78.14. Share price was steady at ₺91.00 over the past week.Price Target Changed • Jan 24Price target increased by 21% to ₺65.84Up from ₺54.32, the current price target is an average from 4 analysts. New target price is 29% below last closing price of ₺92.50. Stock is up 193% over the past year. The company is forecast to post earnings per share of ₺7.48 for next year compared to ₺3.05 last year.Valuation Update With 7 Day Price Move • Jan 18Investor sentiment improved over the past weekAfter last week's 20% share price gain to ₺88.00, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 13x in the Gas Utilities industry in Asia. Total returns to shareholders of 810% over the past three years.Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. Non-Executive Independent Director Kutsan Çelebican was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 05Third quarter 2022 earnings released: EPS: ₺7.00 (vs ₺1.53 in 3Q 2021)Third quarter 2022 results: EPS: ₺7.00 (up from ₺1.53 in 3Q 2021). Revenue: ₺10.5b (up 121% from 3Q 2021). Net income: ₺1.54b (up 357% from 3Q 2021). Profit margin: 15% (up from 7.1% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Gas Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Nov 03Investor sentiment improved over the past weekAfter last week's 17% share price gain to ₺64.95, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Gas Utilities industry in Asia. Total returns to shareholders of 722% over the past three years.Valuation Update With 7 Day Price Move • Oct 06Investor sentiment improved over the past weekAfter last week's 15% share price gain to ₺51.25, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Gas Utilities industry in Asia. Total returns to shareholders of 595% over the past three years.Reported Earnings • Aug 17Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: ₺9.56b (up 279% from 2Q 2021). Net income: ₺1.09b (up 459% from 2Q 2021). Profit margin: 11% (up from 7.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 31%, compared to a 14% growth forecast for the Gas Utilities industry in Turkey.Price Target Changed • Jul 01Price target increased to ₺26.26Up from ₺23.79, the current price target is an average from 2 analysts. New target price is 32% below last closing price of ₺38.36. Stock is up 187% over the past year. The company is forecast to post earnings per share of ₺2.71 for next year compared to ₺2.23 last year.Reported Earnings • May 10First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: ₺0.67 (up from ₺0.038 loss in 1Q 2021). Revenue: ₺6.41b (up 123% from 1Q 2021). Net income: ₺200.9m (up ₺212.3m from 1Q 2021). Profit margin: 3.1% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 21%. Over the next year, revenue is forecast to grow 6.2%, compared to a 13% growth forecast for the industry in Turkey. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth.Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. Non-Executive Independent Director Kutsan Çelebican was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.Price Target Changed • Apr 18Price target increased to ₺24.17Up from ₺22.56, the current price target is an average from 2 analysts. New target price is 28% below last closing price of ₺33.54. Stock is up 152% over the past year. The company is forecast to post earnings per share of ₺2.71 for next year compared to ₺2.23 last year.Valuation Update With 7 Day Price Move • Apr 06Investor sentiment improved over the past weekAfter last week's 21% share price gain to ₺31.80, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Gas Utilities industry in Asia. Total returns to shareholders of 268% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₺47.28 per share.Upcoming Dividend • Mar 30Upcoming dividend of ₺0.50 per shareEligible shareholders must have bought the stock before 06 April 2022. Payment date: 08 April 2022. Payout ratio is a comfortable 22% but the company is paying out more than the cash it is generating. Trailing yield: 1.9%. Lower than top quartile of Turkish dividend payers (3.9%). Lower than average of industry peers (2.8%).Reported Earnings • Feb 18Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: ₺2.23 (up from ₺0.083 loss in FY 2020). Revenue: ₺15.9b (up 57% from FY 2020). Net income: ₺670.1m (up ₺695.0m from FY 2020). Profit margin: 4.2% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Over the next year, revenue is forecast to grow 34%, compared to a 12% growth forecast for the industry in Turkey. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₺27.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Gas Utilities industry in Asia. Total returns to shareholders of 202% over the past three years.Price Target Changed • Jan 18Price target increased to ₺19.46Up from ₺16.83, the current price target is an average from 3 analysts. New target price is 19% below last closing price of ₺24.10. Stock is up 35% over the past year. The company posted a net loss per share of ₺0.083 last year.Price Target Changed • Dec 29Price target increased to ₺17.75Up from ₺15.84, the current price target is an average from 3 analysts. New target price is 17% below last closing price of ₺21.34. Stock is up 45% over the past year. The company posted a net loss per share of ₺0.083 last year.Valuation Update With 7 Day Price Move • Dec 22Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to ₺21.28, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Gas Utilities industry in Asia. Total returns to shareholders of 131% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₺8.60 per share.Reported Earnings • Nov 06Third quarter 2021 earnings released: EPS ₺1.12 (vs ₺0.28 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₺4.77b (up 57% from 3Q 2020). Net income: ₺336.4m (up 308% from 3Q 2020). Profit margin: 7.1% (up from 2.7% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.Price Target Changed • Nov 06Price target increased to ₺16.43Up from ₺15.20, the current price target is an average from 3 analysts. New target price is 11% below last closing price of ₺18.42. Stock is up 62% over the past year. The company is forecast to post earnings per share of ₺1.25 next year compared to a net loss per share of ₺0.083 last year.Price Target Changed • Aug 20Price target decreased to ₺15.26Down from ₺16.78, the current price target is an average from 3 analysts. New target price is 8.6% above last closing price of ₺14.05. Stock is up 16% over the past year.Reported Earnings • Aug 13Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₺2.52b (up 30% from 2Q 2020). Net income: ₺195.7m (up 382% from 2Q 2020). Profit margin: 7.8% (up from 2.1% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.Reported Earnings • May 07First quarter 2021 earnings released: ₺0.038 loss per share (vs ₺0.75 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: ₺2.88b (up 31% from 1Q 2020). Net loss: ₺11.4m (loss narrowed 95% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.Upcoming Dividend • Mar 31Inaugural dividend of ₺0.50 per shareEligible shareholders must have bought the stock before 07 April 2021. Payment date: 09 April 2021. The company last paid an ordinary dividend in August 2013. The average dividend yield among industry peers is 2.4%.Analyst Estimate Surprise Post Earnings • Feb 13Revenue and earnings miss expectationsRevenue missed analyst estimates by 0.8%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 14%, compared to a 13% growth forecast for the Gas Utilities industry in Turkey.Reported Earnings • Feb 13Full year 2020 earnings released: ₺0.083 loss per share (vs ₺0.91 profit in FY 2019)The company reported a poor full year result with weaker earnings and control over costs, although revenues were flat. Full year 2020 results: Revenue: ₺10.1b (flat on FY 2019). Net loss: ₺24.9m (down 109% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 88% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.お知らせ • Feb 12Aygaz A.S. to Report Q4, 2020 Results on Feb 11, 2021Aygaz A.S. announced that they will report Q4, 2020 results on Feb 11, 2021Price Target Changed • Feb 06Price target raised to ₺16.67Up from ₺14.48, the current price target is an average from 4 analysts. The new target price is 5.5% below the current share price of ₺17.64. As of last close, the stock is up 34% over the past year.Is New 90 Day High Low • Jan 05New 90-day high: ₺15.00The company is up 32% from its price of ₺11.37 on 07 October 2020. The Turkish market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₺39.41 per share.Is New 90 Day High Low • Dec 17New 90-day high: ₺14.58The company is up 29% from its price of ₺11.28 on 18 September 2020. The Turkish market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₺39.41 per share.Price Target Changed • Dec 17Price target raised to ₺14.13Up from ₺12.97, the current price target is an average from 4 analysts. The new target price is close to the current share price of ₺14.58. As of last close, the stock is up 16% over the past year.Is New 90 Day High Low • Nov 25New 90-day high: ₺13.08The company is up 12% from its price of ₺11.73 on 27 August 2020. The Turkish market is up 22% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Gas Utilities industry, which is also up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₺31.80 per share.Analyst Estimate Surprise Post Earnings • Nov 05Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 9.7%, compared to a 8.4% growth forecast for the Gas Utilities industry in Turkey.Is New 90 Day High Low • Oct 30New 90-day low: ₺10.56The company is down 16% from its price of ₺12.63 on 30 July 2020. The Turkish market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₺32.26 per share.Is New 90 Day High Low • Sep 22New 90-day low: ₺10.95The company is down 5.0% from its price of ₺11.51 on 24 June 2020. The Turkish market is up 11% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Gas Utilities industry, which is also down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₺9.71 per share.お知らせ • Aug 16Aygaz A.S. to Report Q2, 2020 Results on Aug 12, 2020Aygaz A.S. announced that they will report Q2, 2020 results on Aug 12, 2020業績と収益の成長予測IBSE:AYGAZ - アナリストの将来予測と過去の財務データ ( )TRY Millions日付収益収益フリー・キャッシュフロー営業活動によるキャッシュ平均アナリスト数12/31/2027131,2337,060958N/A312/31/2026135,7728,010-3,216N/A312/31/202588,9664,206800N/A39/30/202574,0633,113-8092,555N/A6/30/202579,6522,808-1,7611,587N/A3/31/202583,9992,144-1,7701,319N/A12/31/202481,7732,123-2,706407N/A9/30/2024104,4227,700-1,130290N/A6/30/2024100,1267,5301,2182,607N/A3/31/202493,4508,109-498794N/A12/31/202393,6088,5961,6592,773N/A9/30/2023111,2756,6728821,886N/A6/30/202399,2706,986-221625N/A3/31/202388,1507,1283011,002N/A12/31/202271,2886,848-1,170-562N/A9/30/202232,2142,982-459-181N/A6/30/202226,4601,780-558-328N/A3/31/202219,42488277284N/A12/31/202115,89367039235N/A9/30/202113,120599152299N/A6/30/202111,397345-7256N/A3/31/202110,820190-592N/A12/31/202010,145-25190277N/A9/30/20209,761-28343446N/A6/30/20209,265-43281396N/A3/31/202010,06637252374N/A12/31/201910,211273455578N/A9/30/201910,008112434539N/A6/30/201910,365156N/A357N/A3/31/20199,843183N/A328N/A12/31/20189,554228N/A233N/A9/30/20189,499400N/A268N/A6/30/20188,809455N/A335N/A3/31/20188,467475N/A215N/A12/31/20178,469577N/A251N/A9/30/20178,006631N/A229N/A6/30/20177,635584N/A191N/A3/31/20177,289508N/A579N/A12/31/20166,749416N/A582N/A9/30/20166,510422N/A598N/A6/30/20166,516416N/A484N/A3/31/20166,504431N/A289N/A12/31/20156,420418N/A239N/A9/30/20156,514274N/A168N/A6/30/20156,533230N/A262N/Aもっと見るアナリストによる今後の成長予測収入対貯蓄率: AYGAZの予測収益成長率 (年間33.6% ) は 貯蓄率 ( 22.4% ) を上回っています。収益対市場: AYGAZの収益 ( 33.6% ) はTR市場 ( 33.4% ) よりも速いペースで成長すると予測されています。高成長収益: AYGAZの収益は今後 3 年間で 大幅に 増加すると予想されています。収益対市場: AYGAZの収益 ( 24.7% ) TR市場 ( 23.3% ) よりも速いペースで成長すると予測されています。高い収益成長: AYGAZの収益 ( 24.7% ) 20%よりも速いペースで成長すると予測されています。一株当たり利益成長率予想将来の株主資本利益率将来のROE: AYGAZの 自己資本利益率 は、3年後には低くなると予測されています ( 9.2 %)。成長企業の発掘7D1Y7D1Y7D1YUtilities 業界の高成長企業。View Past Performance企業分析と財務データの現状データ最終更新日（UTC時間）企業分析2026/06/03 12:37終値2026/06/03 00:00収益2025/09/30年間収益2024/12/31データソース企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。パッケージデータタイムフレーム米国ソース例会社財務10年損益計算書キャッシュ・フロー計算書貸借対照表SECフォーム10-KSECフォーム10-Qアナリストのコンセンサス予想+プラス3年予想財務アナリストの目標株価アナリストリサーチレポートBlue Matrix市場価格30年株価配当、分割、措置ICEマーケットデータSECフォームS-1所有権10年トップ株主インサイダー取引SECフォーム4SECフォーム13Dマネジメント10年リーダーシップ・チーム取締役会SECフォーム10-KSECフォームDEF 14A主な進展10年会社からのお知らせSECフォーム8-K* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。分析モデルとスノーフレーク本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。業界およびセクターの指標私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。アナリスト筋Aygaz A.S. 3 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。17 アナリスト機関null nullAta InvestAli BirdalBofA Global ResearchSelim KunterDeniz Yatirim Menkul Degerler A.S.14 その他のアナリストを表示
Price Target Changed • Apr 26Price target increased by 7.5% to ₺309Up from ₺287, the current price target is an average from 5 analysts. New target price is 11% above last closing price of ₺278. Stock is up 110% over the past year.
Price Target Changed • Apr 17Price target increased by 10.0% to ₺300Up from ₺272, the current price target is an average from 5 analysts. New target price is 11% above last closing price of ₺269. Stock is up 109% over the past year.
Major Estimate Revision • Apr 07Consensus revenue estimates increase by 45%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from ₺99.2b to ₺143.8b. EPS estimate unchanged from ₺29.10 at last update. Gas Utilities industry in Turkey expected to see average net income growth of 8.4% next year. Consensus price target up from ₺272 to ₺287. Share price rose 12% to ₺260 over the past week.
Major Estimate Revision • Nov 07Consensus EPS estimates increase by 37%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from ₺88.7b to ₺86.5b. EPS estimate rose from ₺14.09 to ₺19.30. Net income forecast to grow 75% next year vs 7.6% growth forecast for Gas Utilities industry in Turkey. Consensus price target up from ₺225 to ₺247. Share price rose 2.8% to ₺203 over the past week.
Price Target Changed • Nov 02Price target increased by 13% to ₺242Up from ₺215, the current price target is an average from 5 analysts. New target price is 23% above last closing price of ₺198. Stock is up 31% over the past year. The company is forecast to post earnings per share of ₺14.09 for next year compared to ₺9.66 last year.
Price Target Changed • Sep 10Price target increased by 7.3% to ₺209Up from ₺195, the current price target is an average from 4 analysts. New target price is 25% above last closing price of ₺168. Stock is up 16% over the past year. The company is forecast to post earnings per share of ₺12.00 for next year compared to ₺9.66 last year.
New Risk • May 29New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.2% Last year net profit margin: 7.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.2% net profit margin).
New Risk • May 13New minor risk - Profit margin trendThe company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 4.5% Last year net profit margin: 7.4% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Paying a dividend despite having no free cash flows. Profit margins are more than 30% lower than last year (4.5% net profit margin).
Price Target Changed • Apr 26Price target increased by 7.5% to ₺309Up from ₺287, the current price target is an average from 5 analysts. New target price is 11% above last closing price of ₺278. Stock is up 110% over the past year.
Price Target Changed • Apr 17Price target increased by 10.0% to ₺300Up from ₺272, the current price target is an average from 5 analysts. New target price is 11% above last closing price of ₺269. Stock is up 109% over the past year.
Major Estimate Revision • Apr 07Consensus revenue estimates increase by 45%The consensus outlook for fiscal year 2026 has been updated. 2026 revenue forecast increased from ₺99.2b to ₺143.8b. EPS estimate unchanged from ₺29.10 at last update. Gas Utilities industry in Turkey expected to see average net income growth of 8.4% next year. Consensus price target up from ₺272 to ₺287. Share price rose 12% to ₺260 over the past week.
Upcoming Dividend • Mar 09Upcoming dividend of ₺12.55 per shareEligible shareholders must have bought the stock before 16 March 2026. Payment date: 18 March 2026. Payout ratio is on the higher end at 89%, and the cash payout ratio is above 100%. Trailing yield: 5.0%. Within top quartile of Turkish dividend payers (3.0%). Higher than average of industry peers (3.4%).
お知らせ • Feb 17Aygaz A.S. announces Annual dividend, payable on March 18, 2026Aygaz A.S. announced Annual dividend of TRY 12.5500 per share payable on March 18, 2026, ex-date on March 16, 2026 and record date on March 17, 2026.
お知らせ • Feb 16Aygaz A.S., Annual General Meeting, Mar 11, 2026Aygaz A.S., Annual General Meeting, Mar 11, 2026. Location: buyukdere caddesi, no:145/1 zincirlikuyu sisli, istanbul Turkey
Reported Earnings • Feb 15Full year 2025 earnings releasedFull year 2025 results: Revenue: ₺89.7b (up 9.6% from FY 2024). Net income: ₺5.00b (up 135% from FY 2024). Profit margin: 5.6% (up from 2.6% in FY 2024). The increase in margin was driven by higher revenue.
Major Estimate Revision • Nov 07Consensus EPS estimates increase by 37%, revenue downgradedThe consensus outlook for fiscal year 2025 has been updated. 2025 revenue forecast fell from ₺88.7b to ₺86.5b. EPS estimate rose from ₺14.09 to ₺19.30. Net income forecast to grow 75% next year vs 7.6% growth forecast for Gas Utilities industry in Turkey. Consensus price target up from ₺225 to ₺247. Share price rose 2.8% to ₺203 over the past week.
Reported Earnings • Nov 03Third quarter 2025 earnings releasedThird quarter 2025 results: Revenue: ₺64.8b (up 222% from 3Q 2024). Net income: ₺2.75b (up 163% from 3Q 2024). Profit margin: 4.2% (down from 5.2% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Gas Utilities industry in Asia.
Price Target Changed • Nov 02Price target increased by 13% to ₺242Up from ₺215, the current price target is an average from 5 analysts. New target price is 23% above last closing price of ₺198. Stock is up 31% over the past year. The company is forecast to post earnings per share of ₺14.09 for next year compared to ₺9.66 last year.
Price Target Changed • Sep 10Price target increased by 7.3% to ₺209Up from ₺195, the current price target is an average from 4 analysts. New target price is 25% above last closing price of ₺168. Stock is up 16% over the past year. The company is forecast to post earnings per share of ₺12.00 for next year compared to ₺9.66 last year.
Price Target Changed • Jul 20Price target decreased by 10% to ₺195Down from ₺217, the current price target is an average from 4 analysts. New target price is 31% above last closing price of ₺149. Stock is down 13% over the past year. The company posted earnings per share of ₺9.66 last year.
New Risk • Apr 22New major risk - Dividend sustainabilityThe dividend is not well covered by earnings and cash flows. Payout ratio: 130% The company is paying a dividend despite having no free cash flows. Dividend yield: 9.6% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Dividend is not well covered by earnings and cash flows. Payout ratio: 130% Paying a dividend despite having no free cash flows. Minor Risk Profit margins are more than 30% lower than last year (2.6% net profit margin).
Upcoming Dividend • Mar 26Upcoming dividend of ₺12.55 per shareEligible shareholders must have bought the stock before 02 April 2025. Payment date: 04 April 2025. Payout ratio is a comfortable 33% but the company is not cash flow positive. Trailing yield: 4.3%. Within top quartile of Turkish dividend payers (3.0%). Higher than average of industry peers (3.7%).
Declared Dividend • Mar 06Dividend increased to ₺12.55Dividend of ₺12.55 is 83% higher than last year. Ex-date: 2nd April 2025 Payment date: 4th April 2025 Dividend yield will be 7.9%, which is higher than the industry average of 4.4%. Sustainability & Growth Dividend is covered by earnings (33% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 78% per year over the past 4 years and payments have been stable during that time. EPS is expected to remain steady over the next year, which should provide adequate earnings cover for the dividend.
お知らせ • Mar 04+ 1 more updateAygaz A.S. announces Annual dividend, payable on April 04, 2025Aygaz A.S. announced Annual dividend of TRY 12.5500 per share payable on April 04, 2025, ex-date on April 02, 2025 and record date on April 03, 2025.
Reported Earnings • Feb 18Full year 2024 earnings: EPS and revenues exceed analyst expectationsFull year 2024 results: EPS: ₺9.66 (down from ₺27.09 in FY 2023). Revenue: ₺81.8b (up 26% from FY 2023). Net income: ₺2.12b (down 64% from FY 2023). Profit margin: 2.6% (down from 9.2% in FY 2023). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.9%. Earnings per share (EPS) also surpassed analyst estimates by 2.7%. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has increased by 65% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Jan 26Aygaz A.S. to Report Fiscal Year 2024 Results on Feb 17, 2025Aygaz A.S. announced that they will report fiscal year 2024 results on Feb 17, 2025
New Risk • Nov 26New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 12% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 12% per year for the foreseeable future. Minor Risk Dividend is not well covered by cash flows (104% cash payout ratio).
Reported Earnings • Nov 06Third quarter 2024 earnings releasedThird quarter 2024 results: Revenue: ₺20.1b (up 41% from 3Q 2023). Net income: ₺1.05b (down 57% from 3Q 2023). Profit margin: 5.2% (down from 17% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 17% p.a. on average during the next 2 years, compared to a 2.8% growth forecast for the Gas Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 59% per year but the company’s share price has increased by 81% per year, which means it is tracking significantly ahead of earnings growth.
New Risk • Aug 12New minor risk - Dividend sustainabilityThe company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 4.5% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risk Earnings are forecast to decline by an average of 3.4% per year for the foreseeable future. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Reported Earnings • Aug 06Second quarter 2024 earnings releasedSecond quarter 2024 results: Revenue: ₺17.6b (up 82% from 2Q 2023). Net income: ₺256.8m (down 65% from 2Q 2023). Profit margin: 1.5% (down from 7.5% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 16% p.a. on average during the next 2 years, compared to a 2.6% growth forecast for the Gas Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has increased by 99% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Jun 09Price target increased by 7.1% to ₺207Up from ₺193, the current price target is an average from 5 analysts. New target price is 18% above last closing price of ₺175. Stock is up 107% over the past year. The company is forecast to post earnings per share of ₺21.12 for next year compared to ₺27.09 last year.
Valuation Update With 7 Day Price Move • May 29Investor sentiment deteriorates as stock falls 16%After last week's 16% share price decline to ₺186, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 12x in the Gas Utilities industry in Asia. Total returns to shareholders of 1,783% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₺78.71 per share.
Reported Earnings • May 23First quarter 2024 earnings released: ₺0.018 loss per share (vs ₺3.13 profit in 1Q 2023)First quarter 2024 results: ₺0.018 loss per share (down from ₺3.13 profit in 1Q 2023). Revenue: ₺15.8b (up 27% from 1Q 2023). Net loss: ₺3.99m (down 101% from profit in 1Q 2023). Profit margin: 0% (down from 5.5% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 21% p.a. on average during the next 2 years, compared to a 2.9% growth forecast for the Gas Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 76% per year but the company’s share price has increased by 120% per year, which means it is tracking significantly ahead of earnings growth.
お知らせ • Apr 03Aygaz A.S., Annual General Meeting, Apr 01, 2024Aygaz A.S., Annual General Meeting, Apr 01, 2024, at 12:00 Coordinated Universal Time. Location: Büyükdere Caddesi, No:145/1 Zincirlikuyu Istanbul Turkey Agenda: To consider Opening and election of the Chairman of the Meeting; to consider Reading, discussing and approving the 2023 Annual Report prepared by the Board of Directors; to consider Reading the summary of Independent Audit Report Summary for 2023 accounting period; to consider Acquittal of each member of the Board of Directors in relation to the activities of Company in 2023; to consider Acceptance, acceptance after amendment or refusal of the proposal of the Board of Directors in accordance with the Company's profit distribution policy regarding the distribution of the profits of 2023 and the date of the distribution of profits; to consider Determining the number and duty term of the Members of the Board of Directors, making elections in accordance with the determined number of members, selecting the Independent Members of the Board of Directors; to consider Determining the annual gross salaries of the members of the Board of Directors; and to consider other matters.
Upcoming Dividend • Mar 28Upcoming dividend of ₺6.85 per shareEligible shareholders must have bought the stock before 04 April 2024. Payment date: 08 April 2024. Payout ratio is a comfortable 25% and this is well supported by cash flows. Trailing yield: 4.6%. Within top quartile of Turkish dividend payers (2.0%). Higher than average of industry peers (3.6%).
Reported Earnings • Mar 06Full year 2023 earnings released: EPS: ₺27.09 (vs ₺17.32 in FY 2022)Full year 2023 results: EPS: ₺27.09 (up from ₺17.32 in FY 2022). Revenue: ₺64.8b (up 73% from FY 2022). Net income: ₺5.95b (up 26% from FY 2022). Profit margin: 9.2% (down from 13% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 15% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Gas Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 90% per year whereas the company’s share price has increased by 87% per year.
New Risk • Feb 26New major risk - Revenue and earnings growthEarnings are forecast to decline by an average of 8.0% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 8.0% per year for the foreseeable future. High level of non-cash earnings (54% accrual ratio). Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past.
Price Target Changed • Feb 21Price target increased by 8.6% to ₺172Up from ₺159, the current price target is an average from 4 analysts. New target price is 10% above last closing price of ₺156. Stock is up 110% over the past year. The company is forecast to post earnings per share of ₺21.30 for next year compared to ₺17.32 last year.
お知らせ • Feb 07Aygaz A.S. to Report Fiscal Year 2023 Results on Mar 04, 2024Aygaz A.S. announced that they will report fiscal year 2023 results on Mar 04, 2024
Major Estimate Revision • Dec 26Consensus EPS estimates increase by 46%The consensus outlook for earnings per share (EPS) in fiscal year 2023 has improved. 2023 revenue forecast increased from ₺49.5b to ₺53.0b. EPS estimate increased from ₺14.60 to ₺21.30 per share. Net income forecast to shrink 25% next year vs 13% growth forecast for Gas Utilities industry in Turkey . Consensus price target up from ₺152 to ₺159. Share price fell 2.3% to ₺121 over the past week.
Price Target Changed • Nov 17Price target increased by 17% to ₺152Up from ₺131, the current price target is an average from 5 analysts. New target price is 16% above last closing price of ₺131. Stock is up 93% over the past year. The company is forecast to post earnings per share of ₺14.60 for next year compared to ₺17.32 last year.
Reported Earnings • Oct 27Third quarter 2023 earnings released: EPS: ₺11.02 (vs ₺5.63 in 3Q 2022)Third quarter 2023 results: EPS: ₺11.02 (up from ₺5.63 in 3Q 2022). Revenue: ₺14.3b (up 36% from 3Q 2022). Net income: ₺2.42b (up 57% from 3Q 2022). Profit margin: 17% (up from 15% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 34% p.a. on average during the next 3 years, compared to a 2.6% growth forecast for the Gas Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 99% per year but the company’s share price has increased by 113% per year, which means it is tracking significantly ahead of earnings growth.
Valuation Update With 7 Day Price Move • Sep 25Investor sentiment improves as stock rises 16%After last week's 16% share price gain to ₺142, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Gas Utilities industry in Asia. Total returns to shareholders of 1,709% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₺115 per share.
Price Target Changed • Sep 08Price target increased by 15% to ₺108Up from ₺94.11, the current price target is an average from 4 analysts. New target price is 13% below last closing price of ₺124. Stock is up 155% over the past year. The company is forecast to post earnings per share of ₺15.30 for next year compared to ₺17.32 last year.
Valuation Update With 7 Day Price Move • Aug 21Investor sentiment improves as stock rises 17%After last week's 17% share price gain to ₺128, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Gas Utilities industry in Asia. Total returns to shareholders of 1,405% over the past three years.
New Risk • Aug 07New minor risk - Dividend sustainabilityThe dividend is not well covered by cash flows. Cash payout ratio: 92% Dividend yield: 0.9% This is considered a minor risk. Dividends are ultimately paid out of the company's available cash reserves. Companies that pay out too much of their cash flow are at risk of having to reduce or cut their dividend in future. If cash flow growth slows or cash flows fall, then there may not be enough cash reserves to maintain the same dividend. Or in extreme cases, companies may opt to take on debt to maintain the dividend. This risk is mitigated by the fact the dividend is covered by earnings, however, cash flows are generally more important. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Earnings are forecast to decline by an average of 5.6% per year for the foreseeable future. High level of non-cash earnings (57% accrual ratio). Minor Risk Dividend is not well covered by cash flows (92% cash payout ratio).
Price Target Changed • Aug 01Price target increased by 8.9% to ₺100Up from ₺92.18, the current price target is an average from 4 analysts. New target price is 12% below last closing price of ₺114. Stock is up 121% over the past year. The company is forecast to post earnings per share of ₺11.68 for next year compared to ₺17.32 last year.
Reported Earnings • Aug 01Second quarter 2023 earnings released: EPS: ₺3.30 (vs ₺4.98 in 2Q 2022)Second quarter 2023 results: EPS: ₺3.30 (down from ₺4.98 in 2Q 2022). Revenue: ₺9.72b (up 1.7% from 2Q 2022). Net income: ₺724.4m (down 34% from 2Q 2022). Profit margin: 7.5% (down from 11% in 2Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 31% p.a. on average during the next 3 years, compared to a 2.1% growth forecast for the Gas Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has only increased by 88% per year, which means it is significantly lagging earnings growth.
Major Estimate Revision • Jul 25Consensus revenue estimates increase by 17%, EPS downgradedThe consensus outlook for fiscal year 2023 has been updated. 2023 revenue forecast increased from ₺45.0b to ₺52.6b. EPS estimate fell from ₺14.77 to ₺11.68. Net income forecast to shrink 42% next year vs 16% growth forecast for Gas Utilities industry in Turkey . Consensus price target up from ₺92.18 to ₺94.11. Share price rose 11% to ₺113 over the past week.
Valuation Update With 7 Day Price Move • Jul 07Investor sentiment improves as stock rises 19%After last week's 19% share price gain to ₺107, the stock trades at a forward P/E ratio of 8x. Average forward P/E is 11x in the Gas Utilities industry in Asia. Total returns to shareholders of 1,222% over the past three years.
Valuation Update With 7 Day Price Move • Jun 07Investor sentiment improves as stock rises 22%After last week's 22% share price gain to ₺79.40, the stock trades at a forward P/E ratio of 6x. Average forward P/E is 11x in the Gas Utilities industry in Asia. Total returns to shareholders of 900% over the past three years.
Buying Opportunity • May 22Now 22% undervalued after recent price dropOver the last 90 days, the stock is down 20%. The fair value is estimated to be ₺75.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 58% over the last 3 years. Earnings per share has grown by 116%. Revenue is forecast to grow by 6.4% in a year. Earnings is forecast to decline by 44% in the next year.
Buying Opportunity • May 03Now 21% undervalued after recent price dropOver the last 90 days, the stock is down 24%. The fair value is estimated to be ₺75.85, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 58% over the last 3 years. Earnings per share has grown by 116%. Revenue is forecast to grow by 6.4% in a year. Earnings is forecast to decline by 44% in the next year.
Reported Earnings • Apr 30First quarter 2023 earnings released: EPS: ₺3.13 (vs ₺0.91 in 1Q 2022)First quarter 2023 results: EPS: ₺3.13 (up from ₺0.91 in 1Q 2022). Revenue: ₺12.4b (up 94% from 1Q 2022). Net income: ₺687.3m (up 242% from 1Q 2022). Profit margin: 5.5% (up from 3.1% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 9.6% p.a. on average during the next 2 years, compared to a 3.6% growth forecast for the Gas Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 120% per year but the company’s share price has only increased by 67% per year, which means it is significantly lagging earnings growth.
Upcoming Dividend • Mar 20Upcoming dividend of ₺1.00 per share at 1.3% yieldEligible shareholders must have bought the stock before 27 March 2023. Payment date: 29 March 2023. Payout ratio is a comfortable 5.8% but the company is not cash flow positive. Trailing yield: 1.3%. Lower than top quartile of Turkish dividend payers (2.6%). Lower than average of industry peers (3.2%).
Reported Earnings • Feb 11Full year 2022 earnings releasedFull year 2022 results: Revenue: ₺37.5b (up 136% from FY 2021). Net income: ₺4.73b (up ₺4.06b from FY 2021). Profit margin: 13% (up from 4.2% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 4.7% growth forecast for the Gas Utilities industry in Asia.
Valuation Update With 7 Day Price Move • Feb 08Investor sentiment deteriorates as stock falls 18%After last week's 18% share price decline to ₺67.00, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 11x in the Gas Utilities industry in Asia. Total returns to shareholders of 647% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₺75.96 per share.
Major Estimate Revision • Jan 26Consensus EPS estimates increase by 161%The consensus outlook for earnings per share (EPS) in fiscal year 2022 has improved. 2022 revenue forecast increased from ₺36.4b to ₺37.1b. EPS estimate increased from ₺7.48 to ₺19.52 per share. Net income forecast to grow 16% next year vs 14% growth forecast for Gas Utilities industry in Turkey. Consensus price target up from ₺55.96 to ₺78.14. Share price was steady at ₺91.00 over the past week.
Price Target Changed • Jan 24Price target increased by 21% to ₺65.84Up from ₺54.32, the current price target is an average from 4 analysts. New target price is 29% below last closing price of ₺92.50. Stock is up 193% over the past year. The company is forecast to post earnings per share of ₺7.48 for next year compared to ₺3.05 last year.
Valuation Update With 7 Day Price Move • Jan 18Investor sentiment improved over the past weekAfter last week's 20% share price gain to ₺88.00, the stock trades at a forward P/E ratio of 22x. Average forward P/E is 13x in the Gas Utilities industry in Asia. Total returns to shareholders of 810% over the past three years.
Board Change • Nov 16Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. Non-Executive Independent Director Kutsan Çelebican was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 05Third quarter 2022 earnings released: EPS: ₺7.00 (vs ₺1.53 in 3Q 2021)Third quarter 2022 results: EPS: ₺7.00 (up from ₺1.53 in 3Q 2021). Revenue: ₺10.5b (up 121% from 3Q 2021). Net income: ₺1.54b (up 357% from 3Q 2021). Profit margin: 15% (up from 7.1% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Gas Utilities industry in Asia. Over the last 3 years on average, earnings per share has increased by 114% per year but the company’s share price has only increased by 62% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Nov 03Investor sentiment improved over the past weekAfter last week's 17% share price gain to ₺64.95, the stock trades at a forward P/E ratio of 13x. Average forward P/E is 12x in the Gas Utilities industry in Asia. Total returns to shareholders of 722% over the past three years.
Valuation Update With 7 Day Price Move • Oct 06Investor sentiment improved over the past weekAfter last week's 15% share price gain to ₺51.25, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 12x in the Gas Utilities industry in Asia. Total returns to shareholders of 595% over the past three years.
Reported Earnings • Aug 17Second quarter 2022 earnings releasedSecond quarter 2022 results: Revenue: ₺9.56b (up 279% from 2Q 2021). Net income: ₺1.09b (up 459% from 2Q 2021). Profit margin: 11% (up from 7.8% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 31%, compared to a 14% growth forecast for the Gas Utilities industry in Turkey.
Price Target Changed • Jul 01Price target increased to ₺26.26Up from ₺23.79, the current price target is an average from 2 analysts. New target price is 32% below last closing price of ₺38.36. Stock is up 187% over the past year. The company is forecast to post earnings per share of ₺2.71 for next year compared to ₺2.23 last year.
Reported Earnings • May 10First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: EPS: ₺0.67 (up from ₺0.038 loss in 1Q 2021). Revenue: ₺6.41b (up 123% from 1Q 2021). Net income: ₺200.9m (up ₺212.3m from 1Q 2021). Profit margin: 3.1% (up from net loss in 1Q 2021). The move to profitability was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 21%. Over the next year, revenue is forecast to grow 6.2%, compared to a 13% growth forecast for the industry in Turkey. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 55% per year, which means it is significantly lagging earnings growth.
Board Change • Apr 27Insufficient new directorsNo new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 4 highly experienced directors. Non-Executive Independent Director Kutsan Çelebican was the last director to join the board, commencing their role in 2018. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.
Price Target Changed • Apr 18Price target increased to ₺24.17Up from ₺22.56, the current price target is an average from 2 analysts. New target price is 28% below last closing price of ₺33.54. Stock is up 152% over the past year. The company is forecast to post earnings per share of ₺2.71 for next year compared to ₺2.23 last year.
Valuation Update With 7 Day Price Move • Apr 06Investor sentiment improved over the past weekAfter last week's 21% share price gain to ₺31.80, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Gas Utilities industry in Asia. Total returns to shareholders of 268% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₺47.28 per share.
Upcoming Dividend • Mar 30Upcoming dividend of ₺0.50 per shareEligible shareholders must have bought the stock before 06 April 2022. Payment date: 08 April 2022. Payout ratio is a comfortable 22% but the company is paying out more than the cash it is generating. Trailing yield: 1.9%. Lower than top quartile of Turkish dividend payers (3.9%). Lower than average of industry peers (2.8%).
Reported Earnings • Feb 18Full year 2021 earnings: EPS and revenues exceed analyst expectationsFull year 2021 results: EPS: ₺2.23 (up from ₺0.083 loss in FY 2020). Revenue: ₺15.9b (up 57% from FY 2020). Net income: ₺670.1m (up ₺695.0m from FY 2020). Profit margin: 4.2% (up from net loss in FY 2020). The move to profitability was driven by higher revenue. Revenue exceeded analyst estimates by 3.7%. Earnings per share (EPS) also surpassed analyst estimates by 21%. Over the next year, revenue is forecast to grow 34%, compared to a 12% growth forecast for the industry in Turkey. Over the last 3 years on average, earnings per share has increased by 50% per year but the company’s share price has only increased by 32% per year, which means it is significantly lagging earnings growth.
Valuation Update With 7 Day Price Move • Feb 10Investor sentiment improved over the past weekAfter last week's 16% share price gain to ₺27.50, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Gas Utilities industry in Asia. Total returns to shareholders of 202% over the past three years.
Price Target Changed • Jan 18Price target increased to ₺19.46Up from ₺16.83, the current price target is an average from 3 analysts. New target price is 19% below last closing price of ₺24.10. Stock is up 35% over the past year. The company posted a net loss per share of ₺0.083 last year.
Price Target Changed • Dec 29Price target increased to ₺17.75Up from ₺15.84, the current price target is an average from 3 analysts. New target price is 17% below last closing price of ₺21.34. Stock is up 45% over the past year. The company posted a net loss per share of ₺0.083 last year.
Valuation Update With 7 Day Price Move • Dec 22Investor sentiment deteriorated over the past weekAfter last week's 18% share price decline to ₺21.28, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 12x in the Gas Utilities industry in Asia. Total returns to shareholders of 131% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₺8.60 per share.
Reported Earnings • Nov 06Third quarter 2021 earnings released: EPS ₺1.12 (vs ₺0.28 in 3Q 2020)The company reported a strong third quarter result with improved earnings, revenues and profit margins. Third quarter 2021 results: Revenue: ₺4.77b (up 57% from 3Q 2020). Net income: ₺336.4m (up 308% from 3Q 2020). Profit margin: 7.1% (up from 2.7% in 3Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 7% per year but the company’s share price has increased by 16% per year, which means it is tracking significantly ahead of earnings growth.
Price Target Changed • Nov 06Price target increased to ₺16.43Up from ₺15.20, the current price target is an average from 3 analysts. New target price is 11% below last closing price of ₺18.42. Stock is up 62% over the past year. The company is forecast to post earnings per share of ₺1.25 next year compared to a net loss per share of ₺0.083 last year.
Price Target Changed • Aug 20Price target decreased to ₺15.26Down from ₺16.78, the current price target is an average from 3 analysts. New target price is 8.6% above last closing price of ₺14.05. Stock is up 16% over the past year.
Reported Earnings • Aug 13Second quarter 2021 earnings releasedThe company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: ₺2.52b (up 30% from 2Q 2020). Net income: ₺195.7m (up 382% from 2Q 2020). Profit margin: 7.8% (up from 2.1% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance.
Reported Earnings • May 07First quarter 2021 earnings released: ₺0.038 loss per share (vs ₺0.75 loss in 1Q 2020)The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2021 results: Revenue: ₺2.88b (up 31% from 1Q 2020). Net loss: ₺11.4m (loss narrowed 95% from 1Q 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 82 percentage points per year, which is a significant difference in performance.
Upcoming Dividend • Mar 31Inaugural dividend of ₺0.50 per shareEligible shareholders must have bought the stock before 07 April 2021. Payment date: 09 April 2021. The company last paid an ordinary dividend in August 2013. The average dividend yield among industry peers is 2.4%.
Analyst Estimate Surprise Post Earnings • Feb 13Revenue and earnings miss expectationsRevenue missed analyst estimates by 0.8%. Earnings per share (EPS) were also behind analyst expectations. Over the next year, revenue is forecast to grow 14%, compared to a 13% growth forecast for the Gas Utilities industry in Turkey.
Reported Earnings • Feb 13Full year 2020 earnings released: ₺0.083 loss per share (vs ₺0.91 profit in FY 2019)The company reported a poor full year result with weaker earnings and control over costs, although revenues were flat. Full year 2020 results: Revenue: ₺10.1b (flat on FY 2019). Net loss: ₺24.9m (down 109% from profit in FY 2019). Over the last 3 years on average, earnings per share has fallen by 88% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
お知らせ • Feb 12Aygaz A.S. to Report Q4, 2020 Results on Feb 11, 2021Aygaz A.S. announced that they will report Q4, 2020 results on Feb 11, 2021
Price Target Changed • Feb 06Price target raised to ₺16.67Up from ₺14.48, the current price target is an average from 4 analysts. The new target price is 5.5% below the current share price of ₺17.64. As of last close, the stock is up 34% over the past year.
Is New 90 Day High Low • Jan 05New 90-day high: ₺15.00The company is up 32% from its price of ₺11.37 on 07 October 2020. The Turkish market is up 23% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is up 18% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₺39.41 per share.
Is New 90 Day High Low • Dec 17New 90-day high: ₺14.58The company is up 29% from its price of ₺11.28 on 18 September 2020. The Turkish market is up 19% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Gas Utilities industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₺39.41 per share.
Price Target Changed • Dec 17Price target raised to ₺14.13Up from ₺12.97, the current price target is an average from 4 analysts. The new target price is close to the current share price of ₺14.58. As of last close, the stock is up 16% over the past year.
Is New 90 Day High Low • Nov 25New 90-day high: ₺13.08The company is up 12% from its price of ₺11.73 on 27 August 2020. The Turkish market is up 22% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Gas Utilities industry, which is also up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₺31.80 per share.
Analyst Estimate Surprise Post Earnings • Nov 05Revenue beats expectations, earnings disappointRevenue exceeded analyst estimates by 2.5%. Earnings per share (EPS) missed analyst estimates by 2.5%. Over the next year, revenue is forecast to grow 9.7%, compared to a 8.4% growth forecast for the Gas Utilities industry in Turkey.
Is New 90 Day High Low • Oct 30New 90-day low: ₺10.56The company is down 16% from its price of ₺12.63 on 30 July 2020. The Turkish market is down 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Gas Utilities industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₺32.26 per share.
Is New 90 Day High Low • Sep 22New 90-day low: ₺10.95The company is down 5.0% from its price of ₺11.51 on 24 June 2020. The Turkish market is up 11% over the last 90 days, indicating the company underperformed over that time. However, its price trend is similar to the Gas Utilities industry, which is also down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is ₺9.71 per share.
お知らせ • Aug 16Aygaz A.S. to Report Q2, 2020 Results on Aug 12, 2020Aygaz A.S. announced that they will report Q2, 2020 results on Aug 12, 2020