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Turkish (BIST) Financials Sector Analysis

UpdatedDec 01, 2021
DataAggregated Company Financials
Companies61
  • 7D-1.4%
  • 3M2.7%
  • 1Y-29.9%
  • YTD-24.8%

Over the last 7 days, the Financials industry has dropped 1.4%, driven by a decline by Türkiye Kalkinma ve Yatirim Bankasi of 4.8%. Meanwhile, QNB Finansbank actually outperformed within the industry, gaining 13% in the last week. However, the industry is down 30% over the past year.

Sector Valuation and Performance

Has the Turkish Financials Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPE
Thu, 02 Dec 2021₺438.2b₺419.0b₺65.3b11.2x
Sat, 30 Oct 2021₺403.0b₺393.5b₺58.9b12.3x
Mon, 27 Sep 2021₺392.6b₺391.5b₺54.9b11.7x
Wed, 25 Aug 2021₺410.4b₺391.5b₺54.8b10.6x
Thu, 01 Jul 2021₺403.0b₺391.5b₺54.8b10.4x
Sun, 04 Apr 2021₺458.1b₺332.3b₺52.6b9.6x
Wed, 06 Jan 2021₺576.0b₺324.4b₺50.2b11.5x
Sat, 10 Oct 2020₺488.7b₺408.8b₺48.1b9.5x
Fri, 03 Jul 2020₺415.5b₺392.0b₺44.5b8.1x
Mon, 06 Apr 2020₺320.3b₺436.1b₺40.4b8.9x
Thu, 09 Jan 2020₺395.2b₺403.8b₺37.3b8.6x
Wed, 02 Oct 2019₺277.5b₺292.6b₺36.4b7.5x
Sat, 06 Jul 2019₺215.5b₺276.6b₺36.4b5.2x
Tue, 09 Apr 2019₺208.2b₺202.3b₺37.0b6.6x
Mon, 31 Dec 2018₺203.0b₺193.9b₺39.5b7.2x
PE Ratio

5.4x

Total Market Cap: ₺186.7bTotal Earnings: ₺40.7bTotal Revenue: ₺205.0b0%0%0%3 Year10 Year
201920202021

Current Industry PE: Investors are relatively neutral on the industry at the moment, considering it's trading close to its 3-year average PE ratio of 9.1x. It appears they believe that earnings will grow in-line with historical growth rates.

Past Earnings Growth: The earnings for companies in the Financials industry have grown 17% per year over the last three years, and revenues for these companies have grown 27% per year. This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.

Industry Trends

Which industries have driven the changes within the Turkish Financials sector?

Insurance3.59%
Capital Markets0.23%
Diversified Financial0.14%
Consumer Finance-0.62%
Banks-2.35%

Industry PE: Investors are most optimistic about the Diversified Financial industry which is trading above its 3-year average PE ratio of 17.6x. However analysts are expecting annual earnings growth of 17%, which is lower than the prior year's growth of 50% per year. So the market might believe that analysts are underestimating future growth. Meanwhile, investors are most pessimistic about the Banks industry. Although, investor sentiment seems to have improved given its trading above its 3-year average of 5.8x.

Forecasted Growth: Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 22% over the next 5 years. However this is lower than its past earnings growth rate of 27% per year. Meanwhile, the Insurance industry is expected to see its earnings grow by 5.7% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

Company7D1YValuation
QNBFB QNB Finansbank13.4%+₺15.7b-48.0%PB6.2x
QNBFL QNB Finans Finansal Kiralama17.3%+₺1.3b-46.2%PE52.7x
TURSG Türkiye Sigorta Anonim Sirketi7.5%+₺453.0m-8.0%PE6.5x
OYYAT Oyak Yatirim Menkul Degerler14.1%+₺391.0mn/aPE13.6x
RAYSG Ray Sigorta Anonim Sirketi16.0%+₺324.5m-38.8%PE66.1x
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