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Turkish (BIST) Market Analysis & Valuation
UpdatedNov 22, 2024
DataAggregated Company Financials
Companies560
- 7D-0.2%
- 3M-1.0%
- 1Y10.4%
- YTD18.1%
In the last week, the market has stayed flat, however the Real Estate sector stood out, gaining 3.4%. Meanwhile, the market is actually up 10% over the past year. As for the next few years, earnings are expected to grow by 39% per annum.
Market Valuation and Performance
Has the Turkish Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Fri, 22 Nov 2024 | ₺12.9t | ₺11.4t | ₺1.2t | 15x | 10.5x | 1.1x |
| Sun, 20 Oct 2024 | ₺12.1t | ₺11.6t | ₺1.4t | 14.6x | 8.9x | 1x |
| Tue, 17 Sep 2024 | ₺13.1t | ₺11.5t | ₺1.4t | 16.1x | 9.5x | 1.1x |
| Thu, 15 Aug 2024 | ₺13.1t | ₺11.6t | ₺1.4t | 16.5x | 9.3x | 1.1x |
| Sat, 13 Jul 2024 | ₺14.5t | ₺11.2t | ₺1.4t | 16.2x | 10.2x | 1.3x |
| Mon, 10 Jun 2024 | ₺13.7t | ₺11.1t | ₺1.4t | 16x | 9.8x | 1.2x |
| Wed, 08 May 2024 | ₺14.4t | ₺11.3t | ₺1.5t | 15.4x | 9.7x | 1.3x |
| Fri, 05 Apr 2024 | ₺12.4t | ₺10.2t | ₺1.4t | 14x | 8.5x | 1.2x |
| Sun, 03 Mar 2024 | ₺12.7t | ₺8.5t | ₺1.4t | 16.5x | 9.3x | 1.5x |
| Tue, 30 Jan 2024 | ₺11.3t | ₺8.2t | ₺1.4t | 13.6x | 8.3x | 1.4x |
| Thu, 28 Dec 2023 | ₺9.6t | ₺8.2t | ₺1.4t | 11x | 7.1x | 1.2x |
| Sat, 25 Nov 2023 | ₺11.0t | ₺8.2t | ₺1.3t | 13.5x | 8.2x | 1.3x |
| Mon, 23 Oct 2023 | ₺10.4t | ₺7.3t | ₺1.1t | 14.1x | 9.1x | 1.4x |
| Wed, 20 Sep 2023 | ₺9.8t | ₺7.2t | ₺1.1t | 14x | 8.6x | 1.4x |
| Fri, 18 Aug 2023 | ₺10.2t | ₺7.1t | ₺1.1t | 13.5x | 9.2x | 1.4x |
| Sun, 16 Jul 2023 | ₺7.3t | ₺6.7t | ₺1.1t | 11.9x | 6.9x | 1.1x |
| Tue, 13 Jun 2023 | ₺6.3t | ₺6.6t | ₺1.1t | 9.8x | 6x | 1x |
| Thu, 11 May 2023 | ₺5.0t | ₺6.5t | ₺1.0t | 7.6x | 4.8x | 0.8x |
| Sat, 08 Apr 2023 | ₺5.5t | ₺5.9t | ₺1.0t | 8.9x | 5.5x | 0.9x |
| Mon, 06 Mar 2023 | ₺5.8t | ₺5.7t | ₺912.7b | 10.4x | 6.3x | 1x |
| Wed, 01 Feb 2023 | ₺5.5t | ₺5.0t | ₺1.8t | 11.8x | 3.1x | 1.1x |
| Fri, 30 Dec 2022 | ₺6.2t | ₺4.9t | ₺680.5b | 13.9x | 9.1x | 1.2x |
| Sun, 27 Nov 2022 | ₺5.6t | ₺4.9t | ₺680.0b | 12.7x | 8.2x | 1.1x |
| Tue, 25 Oct 2022 | ₺4.5t | ₺3.9t | ₺501.3b | 12.3x | 9.1x | 1.2x |
| Thu, 22 Sep 2022 | ₺3.6t | ₺3.9t | ₺499.4b | 10x | 7.3x | 0.9x |
| Sat, 20 Aug 2022 | ₺3.5t | ₺3.8t | ₺486.5b | 10.6x | 7.3x | 0.9x |
| Mon, 18 Jul 2022 | ₺2.8t | ₺3.0t | ₺349.7b | 10.6x | 8x | 0.9x |
| Wed, 15 Jun 2022 | ₺2.9t | ₺3.0t | ₺350.1b | 10.1x | 8.2x | 1x |
| Fri, 13 May 2022 | ₺2.7t | ₺2.9t | ₺336.2b | 10.4x | 8.2x | 0.9x |
| Sun, 10 Apr 2022 | ₺2.6t | ₺2.5t | ₺282.7b | 11.7x | 9.3x | 1.1x |
| Tue, 08 Mar 2022 | ₺2.5t | ₺2.4t | ₺275.5b | 10.7x | 9.1x | 1x |
| Thu, 03 Feb 2022 | ₺2.5t | ₺2.1t | ₺219.7b | 15x | 11.6x | 1.2x |
| Sat, 01 Jan 2022 | ₺2.1t | ₺2.1t | ₺213.2b | 14.7x | 10x | 1x |
| Mon, 29 Nov 2021 | ₺2.0t | ₺2.1t | ₺212.5b | 14.6x | 9.5x | 1x |
Price to Earnings Ratio
9.5x
Current Market PE
- Investors are optimistic on the Turkish market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 10.5x which is higher than its 3-year average PE of 8.6x.
Past Earnings Growth
- The earnings for Turkish listed companies have grown 80% per year over the last three years.
- Revenues for these companies have grown 77% 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 | -0.19% | |
| Real Estate | 3.36% | |
| Materials | 1.19% | |
| Telecom | 0.49% | |
| Utilities | 0.32% | |
| Financials | 0.20% | |
| Consumer Staples | 0.045% | |
| Information Technology | 0% | |
| Financials | 0% | |
| Health Care | 0% | |
| Industrials | 0% | |
| Industrials | -0.71% | |
| Energy | -1.07% | |
| Tech | -1.31% | |
| Healthcare | -1.42% | |
| Consumer Discretionary | -2.94% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 36.3x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 94.7%, which is higher than its past year's earnings growth of 12.1% 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 4.9x.
Forecasted Growth
- Analysts are most optimistic on the Utilities sector, expecting annual earnings growth of 112% over the next 5 years.
- This is better than its past earnings growth rate of 42% per year.
- In contrast, the Energy industry is expected to see its earnings growth to stay flat 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 | |
|---|---|---|---|---|---|---|
| KENT Kent Gida Maddeleri Sanayii ve Ticaret | ₺854.00 | 13.4% +₺22.2b | 13.1% | PE1769.5x | Consumer Staples | |
| ISCTR Türkiye Is Bankasi | ₺13.20 | 4.3% +₺13.8b | 56.1% | PB1.1x | Financials | |
| KCHOL Koç Holding | ₺188.60 | 1.9% +₺9.1b | 34.2% | PE27.4x | Industrials | |
| VAKBN Türkiye Vakiflar Bankasi Türk Anonim Ortakligi | ₺24.94 | 3.7% +₺8.9b | 63.5% | PB1.2x | Financials | |
| AKBNK Akbank T.A.S | ₺56.90 | 2.7% +₺7.8b | 80.9% | PB1.3x | Financials |
