Turkish (BIST) Market Analysis & Valuation
UpdatedMay 30, 2023
DataAggregated Company Financials
Companies485
- 7D6.6%
- 3M-7.6%
- 1Y75.3%
- YTD-17.6%
The market has climbed by 6.6% over the past week, with every sector up and the Materials sector leading the way. The market is up 75% over the last 12 months. As for the next few years, earnings are expected to grow by 17% 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 |
|---|---|---|---|---|---|---|
| Tue, 30 May 2023 | ₺5.8t | ₺6.6t | ₺1.1t | 8.8x | 5.5x | 0.9x |
| Thu, 27 Apr 2023 | ₺5.4t | ₺6.0t | ₺1.0t | 8.6x | 5.4x | 0.9x |
| Sat, 25 Mar 2023 | ₺5.8t | ₺5.9t | ₺963.5b | 9.5x | 6x | 1x |
| Mon, 20 Feb 2023 | ₺5.4t | ₺5.4t | ₺840.2b | 10.7x | 6.5x | 1x |
| Wed, 18 Jan 2023 | ₺5.9t | ₺4.9t | ₺680.6b | 13x | 8.6x | 1.2x |
| Fri, 16 Dec 2022 | ₺5.9t | ₺4.9t | ₺680.2b | 13.7x | 8.7x | 1.2x |
| Sun, 13 Nov 2022 | ₺4.9t | ₺4.9t | ₺665.5b | 11.2x | 7.4x | 1x |
| Tue, 11 Oct 2022 | ₺3.9t | ₺3.9t | ₺499.4b | 11.2x | 7.9x | 1x |
| Thu, 08 Sep 2022 | ₺3.8t | ₺3.9t | ₺498.2b | 10.2x | 7.6x | 1x |
| Sat, 06 Aug 2022 | ₺3.2t | ₺3.2t | ₺399.3b | 11.8x | 7.9x | 1x |
| Mon, 04 Jul 2022 | ₺2.8t | ₺3.0t | ₺349.8b | 10.2x | 8x | 0.9x |
| Wed, 01 Jun 2022 | ₺2.8t | ₺3.0t | ₺349.5b | 10.1x | 8.1x | 0.9x |
| Fri, 29 Apr 2022 | ₺2.7t | ₺2.5t | ₺290.2b | 11.6x | 9.4x | 1.1x |
| Sun, 27 Mar 2022 | ₺2.4t | ₺2.5t | ₺282.3b | 11.3x | 8.5x | 1x |
| Tue, 22 Feb 2022 | ₺2.2t | ₺2.3t | ₺251.6b | 12.7x | 8.9x | 1x |
| Thu, 20 Jan 2022 | ₺2.6t | ₺2.1t | ₺213.3b | 15.1x | 12.1x | 1.3x |
| Sat, 18 Dec 2021 | ₺2.3t | ₺2.1t | ₺215.2b | 15.2x | 10.8x | 1.1x |
| Mon, 15 Nov 2021 | ₺2.3t | ₺2.0t | ₺210.1b | 13.8x | 10.9x | 1.1x |
| Wed, 13 Oct 2021 | ₺1.6t | ₺1.8t | ₺171.6b | 15.1x | 9.6x | 0.9x |
| Fri, 10 Sep 2021 | ₺1.7t | ₺1.8t | ₺171.3b | 15.5x | 9.7x | 0.9x |
| Sun, 08 Aug 2021 | ₺1.6t | ₺1.8t | ₺171.0b | 15.4x | 9.6x | 0.9x |
| Sat, 01 May 2021 | ₺1.7t | ₺1.6t | ₺141.2b | 17.8x | 11.7x | 1.1x |
| Tue, 02 Feb 2021 | ₺1.8t | ₺1.5t | ₺112.2b | 23.1x | 15.9x | 1.2x |
| Fri, 06 Nov 2020 | ₺1.4t | ₺1.4t | ₺97.7b | 18.7x | 14.1x | 1x |
| Mon, 10 Aug 2020 | ₺1.4t | ₺1.4t | ₺96.2b | 17.6x | 14.3x | 1x |
Price to Earnings Ratio
11x
Current Market PE
- Investors are pessimistic on the Turkish market, indicating that they anticipate earnings will not grow as fast as they have historically.
- The market is trading at a PE ratio of 5.5x which is lower than its 3-year average PE of 10.7x.
Past Earnings Growth
- The earnings for Turkish listed companies have grown 121% per year over the last three years.
- Revenues for these companies have grown 65% 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 | 6.62% | |
| Tech | 11.62% | |
| Materials | 10.26% | |
| Utilities | 8.66% | |
| Telecom | 8.19% | |
| Real Estate | 7.97% | |
| Industrials | 7.48% | |
| Energy | 6.53% | |
| Consumer Discretionary | 5.39% | |
| Financials | 4.68% | |
| Healthcare | 4.06% | |
| Consumer Staples | 0.17% | |
Sector PE
- Investors favour the Tech sector the most for future growth even though it's trading below its 3-year average PE ratio of 30.9x.
- Analysts are expecting annual earnings growth of 45.5%, which is lower than the prior year's growth of 63.5% per year.
- The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 9.7x.
Forecasted Growth
- Analysts are most optimistic on the Telecom sector, expecting annual earnings growth of 48% over the next 5 years.
- However this is lower than its past earnings growth rate of 185% per year.
- In contrast, the Utilities sector is expected to see its earnings decline by 51% 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 | |
|---|---|---|---|---|---|---|
| SASA Sasa Polyester Sanayi | ₺53.55 | 16.3% +₺39.8b | 260.3% | PE26.4x | Materials | |
| ISFIN Is Finansal Kiralama Anonim Sirketi | ₺5.53 | 4.9% +₺18.1b | 42.9% | PE393.5x | Financials | |
| ASELS ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi | ₺48.10 | 15.6% +₺14.8b | 98.9% | PE8.8x | Industrials | |
| THYAO Türk Hava Yollari Anonim Ortakligi | ₺146.00 | 7.7% +₺14.5b | 194.8% | PE4.1x | Industrials | |
| ENKAI Enka Insaat ve Sanayi | ₺25.54 | 10.3% +₺13.9b | 72.4% | PE23.9x | Industrials |
Market Insights
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