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Turkish (BIST) Market Analysis & Valuation
UpdatedOct 22, 2024
DataAggregated Company Financials
Companies560
- 7D0.2%
- 3M-17.1%
- 1Y-1.9%
- YTD7.5%
In the last week, the market has stayed flat, however the Consumer Discretionary sector stood out, gaining 4.7%. Similarly, the market is flat for the past 12 months. Looking forward, earnings are forecast to grow by 30% annually.
Market Valuation and Performance
Has the Turkish Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Tue, 22 Oct 2024 | ₺12.0t | ₺11.6t | ₺1.4t | 14.4x | 8.8x | 1x |
| Thu, 19 Sep 2024 | ₺13.2t | ₺11.6t | ₺1.4t | 15.9x | 9.5x | 1.1x |
| Sat, 17 Aug 2024 | ₺13.1t | ₺11.5t | ₺1.4t | 16.3x | 9.3x | 1.1x |
| Mon, 15 Jul 2024 | ₺14.5t | ₺11.2t | ₺1.4t | 16.2x | 10.2x | 1.3x |
| Wed, 12 Jun 2024 | ₺13.6t | ₺11.1t | ₺1.4t | 15.5x | 9.7x | 1.2x |
| Fri, 10 May 2024 | ₺14.5t | ₺11.3t | ₺1.5t | 16.1x | 9.8x | 1.3x |
| Sun, 07 Apr 2024 | ₺13.0t | ₺10.2t | ₺1.4t | 14.8x | 9x | 1.3x |
| Tue, 05 Mar 2024 | ₺12.6t | ₺8.5t | ₺1.4t | 16.6x | 9.2x | 1.5x |
| Thu, 01 Feb 2024 | ₺11.3t | ₺8.2t | ₺1.4t | 13.9x | 8.2x | 1.4x |
| Sat, 30 Dec 2023 | ₺10.1t | ₺8.2t | ₺1.4t | 11.8x | 7.4x | 1.2x |
| Mon, 27 Nov 2023 | ₺11.7t | ₺8.2t | ₺1.3t | 13.7x | 8.7x | 1.4x |
| Wed, 25 Oct 2023 | ₺10.8t | ₺7.3t | ₺1.1t | 14.9x | 9.4x | 1.5x |
| Fri, 22 Sep 2023 | ₺10.2t | ₺7.2t | ₺1.1t | 14.6x | 8.9x | 1.4x |
| Sun, 20 Aug 2023 | ₺8.8t | ₺7.2t | ₺1.1t | 13.1x | 7.9x | 1.2x |
| Tue, 18 Jul 2023 | ₺7.5t | ₺6.7t | ₺1.1t | 12.1x | 7x | 1.1x |
| Thu, 15 Jun 2023 | ₺6.1t | ₺6.6t | ₺1.1t | 9.3x | 5.8x | 0.9x |
| Sat, 13 May 2023 | ₺5.7t | ₺6.5t | ₺1.1t | 8x | 5.5x | 0.9x |
| Mon, 10 Apr 2023 | ₺5.5t | ₺5.9t | ₺1.0t | 8.9x | 5.5x | 0.9x |
| Wed, 08 Mar 2023 | ₺6.1t | ₺5.8t | ₺938.0b | 10.7x | 6.5x | 1.1x |
| Fri, 03 Feb 2023 | ₺5.2t | ₺5.0t | ₺703.7b | 10.7x | 7.4x | 1x |
| Sun, 01 Jan 2023 | ₺6.2t | ₺4.9t | ₺680.5b | 14x | 9.1x | 1.3x |
| Tue, 29 Nov 2022 | ₺5.7t | ₺4.9t | ₺679.8b | 12.9x | 8.4x | 1.2x |
| Thu, 27 Oct 2022 | ₺4.4t | ₺3.9t | ₺501.8b | 12.6x | 8.8x | 1.1x |
| Sat, 24 Sep 2022 | ₺3.7t | ₺3.9t | ₺499.4b | 10.1x | 7.3x | 0.9x |
| Mon, 22 Aug 2022 | ₺3.5t | ₺3.9t | ₺497.7b | 9.4x | 7x | 0.9x |
| Wed, 20 Jul 2022 | ₺2.8t | ₺3.0t | ₺349.7b | 10.6x | 8x | 0.9x |
| Fri, 17 Jun 2022 | ₺2.8t | ₺3.0t | ₺349.5b | 10.2x | 8.1x | 0.9x |
| Sun, 15 May 2022 | ₺7.5t | ₺3.0t | ₺350.2b | 10.2x | 21.3x | 2.5x |
| Tue, 12 Apr 2022 | ₺2.7t | ₺2.5t | ₺282.7b | 11.9x | 9.4x | 1.1x |
| Thu, 10 Mar 2022 | ₺3.9t | ₺2.4t | ₺273.6b | 10.9x | 14.4x | 1.6x |
| Sat, 05 Feb 2022 | ₺2.5t | ₺2.1t | ₺222.6b | 14.6x | 11.1x | 1.2x |
| Mon, 03 Jan 2022 | ₺2.1t | ₺2.1t | ₺213.2b | 14.7x | 10x | 1x |
| Wed, 01 Dec 2021 | ₺2.1t | ₺2.1t | ₺213.1b | 15x | 9.7x | 1x |
| Fri, 29 Oct 2021 | ₺1.7t | ₺1.9t | ₺181.1b | 15x | 9.6x | 0.9x |
Price to Earnings Ratio
9.6x
Current Market PE
- Investors are relatively neutral on the Turkish market at the moment, indicating that they expect earnings will grow in line with historical growth rates.
- The market is trading close to its 3-year average PE ratio of 8.7x.
Past Earnings Growth
- The earnings for Turkish listed companies have grown 96% per year over the last three years.
- Revenues for these companies have grown 84% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Turkish Market?
| TR Market | 0.18% | |
| Consumer Discretionary | 4.74% | |
| Healthcare | 3.26% | |
| Industrials | 3.17% | |
| Tech | 3.11% | |
| Telecom | 2.48% | |
| Materials | 2.46% | |
| Utilities | 1.70% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Real Estate | -0.35% | |
| Energy | -0.42% | |
| Consumer Staples | -0.79% | |
| Financials | -4.11% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 35.7x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 110.7%, which is higher than its past year's earnings growth of 33.9% per year.
- The Real Estate sector is the least preferred by investors for future growth, which is trading close to its 3-year average of 5.6x.
Forecasted Growth
- Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 111% over the next 5 years.
- This is better than its past earnings growth rate of 34% per year.
- In contrast, the Energy sector is expected to see its earnings decline by 8.6% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| FROTO Ford Otomotiv Sanayi | ₺962.50 | 6.1% +₺19.5b | 11.2% | PE7.4x | Consumer Discretionary | |
| ENKAI Enka Insaat ve Sanayi | ₺45.92 | 7.8% +₺19.5b | 44.0% | PE12.4x | Industrials | |
| THYAO Türk Hava Yollari Anonim Ortakligi | ₺269.50 | 4.6% +₺16.2b | 26.1% | PE2x | Industrials | |
| PKENT Petrokent Turizm | ₺226.50 | 7.2% +₺12.7b | 59.1% | PE714.6x | Consumer Discretionary | |
| BRSAN Borusan Birlesik Boru Fabrikalari Sanayi ve Ticaret | ₺486.50 | 21.3% +₺12.1b | -48.2% | PE31.3x | Materials |
