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Turkish (BIST) Financials Sector Analysis
UpdatedNov 21, 2024
DataAggregated Company Financials
Companies70
- 7D-1.9%
- 3M-3.4%
- 1Y13.8%
- YTD17.1%
Over the last 7 days, the Financials industry has remained flat, although notably Turkiye Garanti Bankasi declined by 4.0%. As for the the longer term, the industry is up 14% over the past 12 months. Looking forward, earnings are forecast to grow by 44% annually.
Sector Valuation and Performance
Has the Turkish Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 21 Nov 2024 | ₺3.6t | ₺2.3t | ₺418.8b | 5.9x | 8.5x | 1.5x |
| Sat, 19 Oct 2024 | ₺3.5t | ₺2.3t | ₺466.0b | 7.3x | 7.6x | 1.6x |
| Mon, 16 Sep 2024 | ₺3.9t | ₺2.2t | ₺472.2b | 8.1x | 8.2x | 1.8x |
| Wed, 14 Aug 2024 | ₺3.7t | ₺2.2t | ₺483.1b | 7.6x | 7.6x | 1.7x |
| Fri, 12 Jul 2024 | ₺4.1t | ₺2.1t | ₺481.9b | 8.6x | 8.5x | 1.9x |
| Sun, 09 Jun 2024 | ₺3.9t | ₺2.1t | ₺480.4b | 9.1x | 8x | 1.9x |
| Tue, 07 May 2024 | ₺4.0t | ₺2.0t | ₺475.0b | 8.3x | 8.3x | 2x |
| Thu, 04 Apr 2024 | ₺3.2t | ₺2.0t | ₺462.9b | 7.2x | 7x | 1.6x |
| Sat, 02 Mar 2024 | ₺3.2t | ₺1.8t | ₺519.7b | 7.1x | 6.2x | 1.8x |
| Mon, 29 Jan 2024 | ₺2.9t | ₺1.7t | ₺508.7b | 6.4x | 5.6x | 1.7x |
| Wed, 27 Dec 2023 | ₺2.6t | ₺1.7t | ₺508.7b | 5.2x | 5x | 1.5x |
| Fri, 24 Nov 2023 | ₺2.8t | ₺1.7t | ₺500.0b | 6.3x | 5.7x | 1.7x |
| Sun, 22 Oct 2023 | ₺3.0t | ₺1.5t | ₺441.1b | 7.5x | 6.7x | 2x |
| Tue, 19 Sep 2023 | ₺2.2t | ₺1.5t | ₺436.4b | 7.8x | 5x | 1.5x |
| Thu, 17 Aug 2023 | ₺1.7t | ₺1.5t | ₺435.6b | 7.1x | 3.9x | 1.2x |
| Sat, 15 Jul 2023 | ₺1.4t | ₺1.4t | ₺404.0b | 6.7x | 3.4x | 1x |
| Mon, 12 Jun 2023 | ₺1.1t | ₺1.3t | ₺403.2b | 5.7x | 2.8x | 0.8x |
| Wed, 10 May 2023 | ₺1.0t | ₺1.3t | ₺396.6b | 4.9x | 2.5x | 0.8x |
| Fri, 07 Apr 2023 | ₺964.1b | ₺1.2t | ₺380.6b | 4.9x | 2.5x | 0.8x |
| Sun, 05 Mar 2023 | ₺965.9b | ₺1.2t | ₺363.4b | 5.6x | 2.7x | 0.8x |
| Tue, 31 Jan 2023 | ₺956.5b | ₺967.7b | ₺274.0b | 8.1x | 3.5x | 1x |
| Thu, 29 Dec 2022 | ₺1.1t | ₺965.7b | ₺273.3b | 9.2x | 4.1x | 1.2x |
| Sat, 26 Nov 2022 | ₺983.7b | ₺964.2b | ₺272.9b | 9.2x | 3.6x | 1x |
| Mon, 24 Oct 2022 | ₺1.1t | ₺764.9b | ₺193.6b | 9.4x | 5.6x | 1.4x |
| Wed, 21 Sep 2022 | ₺770.0b | ₺749.4b | ₺193.5b | 8x | 4x | 1x |
| Fri, 19 Aug 2022 | ₺632.5b | ₺733.0b | ₺190.1b | 8.4x | 3.3x | 0.9x |
| Sun, 17 Jul 2022 | ₺489.1b | ₺599.2b | ₺127.0b | 8.4x | 3.8x | 0.8x |
| Tue, 14 Jun 2022 | ₺474.8b | ₺599.2b | ₺127.0b | 8.6x | 3.7x | 0.8x |
| Thu, 12 May 2022 | ₺488.7b | ₺570.2b | ₺116.9b | 8.1x | 4.2x | 0.9x |
| Sat, 09 Apr 2022 | ₺518.3b | ₺506.6b | ₺91.0b | 10.3x | 5.7x | 1x |
| Mon, 07 Mar 2022 | ₺427.5b | ₺501.3b | ₺88.8b | 9.3x | 4.8x | 0.9x |
| Wed, 02 Feb 2022 | ₺486.3b | ₺417.9b | ₺65.5b | 11.9x | 7.4x | 1.2x |
| Fri, 31 Dec 2021 | ₺463.2b | ₺419.0b | ₺65.3b | 10.6x | 7.1x | 1.1x |
| Sun, 28 Nov 2021 | ₺440.0b | ₺419.0b | ₺65.3b | 11.2x | 6.7x | 1.1x |
Price to Earnings Ratio
6.7x
Current Industry PE
- Investors are optimistic on the Turkish Financials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 8.6x which is higher than its 3-year average PE of 5.6x.
- The 3-year average PS ratio of 1.4x is lower than the industry's current PS ratio of 1.5x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 86% per year over the last three years.
- Revenues for these companies have grown 78% 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?
| TR Market | -1.68% | |
| Financials | -1.93% | |
| Capital Markets | 1.96% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Insurance | -1.09% | |
| Banks | -2.05% | |
| Diversified Financial | -3.30% | |
| Consumer Finance | -3.50% | |
Industry PE
- Investors are most optimistic about the Capital Markets industry which is trading above its 3-year average PE ratio of 8.1x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
- Investors are most pessimistic about the Consumer Finance industry, which is trading below its 3-year average of 11.8x.
Forecasted Growth
- Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 44% over the next 5 years.
- This is better than its past earnings growth rate of 19% per year.
- In contrast, the Insurance industry is expected to see its earnings grow by 30% 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 | |
|---|---|---|---|---|---|
| VAKBN Türkiye Vakiflar Bankasi Türk Anonim Ortakligi | ₺23.88 | 1.7% +₺4.0b | 58.1% | PB1.1x | |
| ISMEN Is Yatirim Menkul Degerler Anonim Sirketi | ₺38.58 | 6.8% +₺3.7b | 18.3% | PE19.8x | |
| AGESA AgeSA Hayat ve Emeklilik Anonim Sirketi | ₺122.30 | 8.2% +₺1.7b | 110.3% | PE9.3x | |
| ANHYT Anadolu Hayat Emeklilik Anonim Sirketi | ₺87.40 | 1.2% +₺430.0m | 108.1% | PE9.9x | |
| DZGYO Deniz Gayrimenkul Yatirim Ortakligi | ₺10.70 | 8.6% +₺340.0m | 102.3% | PS9.9x |