Turkish (BIST) Financials Sector Analysis
UpdatedJul 26, 2024
DataAggregated Company Financials
Companies70
- 7D-2.3%
- 3M10.4%
- 1Y178.3%
- YTD40.8%
Over the last 7 days, the Financials industry has dropped 2.7%, driven by Türkiye Is Bankasi declining 7.8%. In contrast, QNB Finans Finansal Kiralama has gained 9.5%. In the past year, the industry has gained 185%. Looking forward, earnings are forecast to grow by 35% 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 |
|---|---|---|---|---|---|---|
| Fri, 26 Jul 2024 | ₺4.1t | ₺2.1t | ₺481.9b | 8.5x | 8.4x | 1.9x |
| Sun, 23 Jun 2024 | ₺4.2t | ₺2.1t | ₺481.7b | 9.1x | 8.7x | 2x |
| Tue, 21 May 2024 | ₺4.2t | ₺2.0t | ₺484.9b | 9.2x | 8.7x | 2.1x |
| Thu, 18 Apr 2024 | ₺3.4t | ₺2.0t | ₺461.8b | 8.2x | 7.4x | 1.7x |
| Sat, 16 Mar 2024 | ₺3.1t | ₺1.8t | ₺520.5b | 6.8x | 6x | 1.8x |
| Mon, 12 Feb 2024 | ₺2.9t | ₺1.7t | ₺517.6b | 6.9x | 5.6x | 1.7x |
| Wed, 10 Jan 2024 | ₺2.9t | ₺1.7t | ₺508.7b | 5.8x | 5.7x | 1.7x |
| Fri, 08 Dec 2023 | ₺2.6t | ₺1.7t | ₺505.1b | 6.4x | 5.1x | 1.5x |
| Sun, 05 Nov 2023 | ₺3.0t | ₺1.6t | ₺481.2b | 6.2x | 6.3x | 1.9x |
| Tue, 03 Oct 2023 | ₺3.1t | ₺1.5t | ₺436.4b | 8.9x | 7.2x | 2.1x |
| Thu, 31 Aug 2023 | ₺1.9t | ₺1.5t | ₺436.4b | 7.9x | 4.4x | 1.3x |
| Sat, 29 Jul 2023 | ₺1.5t | ₺1.4t | ₺416.3b | 7.9x | 3.5x | 1.1x |
| Mon, 26 Jun 2023 | ₺1.2t | ₺1.3t | ₺403.3b | 5.3x | 2.9x | 0.9x |
| Wed, 24 May 2023 | ₺1.2t | ₺1.3t | ₺403.2b | 4.6x | 3.1x | 0.9x |
| Fri, 21 Apr 2023 | ₺1.1t | ₺1.2t | ₺380.6b | 5.5x | 2.8x | 0.9x |
| Sun, 19 Mar 2023 | ₺1.0t | ₺1.2t | ₺380.5b | 5.6x | 2.7x | 0.9x |
| Tue, 14 Feb 2023 | ₺805.4b | ₺1.1t | ₺350.2b | 5.4x | 2.3x | 0.7x |
| Thu, 12 Jan 2023 | ₺934.8b | ₺965.8b | ₺273.2b | 7.7x | 3.4x | 1x |
| Sat, 10 Dec 2022 | ₺1.0t | ₺963.8b | ₺272.9b | 9.6x | 3.8x | 1.1x |
| Mon, 07 Nov 2022 | ₺851.7b | ₺906.5b | ₺250.4b | 8.1x | 3.4x | 0.9x |
| Wed, 05 Oct 2022 | ₺721.4b | ₺749.4b | ₺193.5b | 7.7x | 3.7x | 1x |
| Fri, 02 Sep 2022 | ₺723.7b | ₺746.9b | ₺193.5b | 7.7x | 3.7x | 1x |
| Sun, 31 Jul 2022 | ₺535.4b | ₺627.8b | ₺163.0b | 8.7x | 3.3x | 0.9x |
| Tue, 28 Jun 2022 | ₺506.6b | ₺599.2b | ₺127.0b | 8.4x | 4x | 0.8x |
| Thu, 26 May 2022 | ₺497.9b | ₺599.3b | ₺127.0b | 8.6x | 3.9x | 0.8x |
| Sat, 23 Apr 2022 | ₺533.6b | ₺506.3b | ₺91.1b | 10.4x | 5.9x | 1.1x |
| Mon, 21 Mar 2022 | ₺451.6b | ₺506.1b | ₺89.3b | 9.6x | 5.1x | 0.9x |
| Wed, 16 Feb 2022 | ₺472.5b | ₺490.4b | ₺78.7b | 11.3x | 6x | 1x |
| Fri, 14 Jan 2022 | ₺481.1b | ₺417.7b | ₺65.3b | 11.7x | 7.4x | 1.2x |
| Sun, 12 Dec 2021 | ₺506.7b | ₺419.0b | ₺65.3b | 12.1x | 7.8x | 1.2x |
| Tue, 09 Nov 2021 | ₺430.3b | ₺411.4b | ₺65.7b | 12.6x | 6.6x | 1x |
| Thu, 07 Oct 2021 | ₺383.5b | ₺391.5b | ₺54.9b | 12x | 7x | 1x |
| Sat, 04 Sep 2021 | ₺423.3b | ₺391.5b | ₺54.8b | 10.4x | 7.7x | 1.1x |
| Mon, 02 Aug 2021 | ₺407.9b | ₺391.5b | ₺54.8b | 10.6x | 7.4x | 1x |
Price to Earnings Ratio
7.4x
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 8.4x which is higher than its 3-year average PE of 5.5x.
- The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.9x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 106% per year over the last three years.
- Revenues for these companies have grown 76% 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 | -0.93% | |
| Financials | -2.26% | |
| Diversified Financial | 5.36% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Insurance | -1.28% | |
| Banks | -3.02% | |
| Capital Markets | -3.58% | |
| Consumer Finance | -3.72% | |
Industry PE
- Investors are most optimistic about the Diversified Financial industry, which is trading close to its 3-year average PE ratio of 15.9x.
- Analysts are expecting annual earnings growth of 27.6%, which is lower than the prior year's growth of 108.2% per year.
- Investors are most pessimistic about the Consumer Finance industry, which is trading below its 3-year average of 12.0x.
Forecasted Growth
- Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 35% over the next 5 years.
- This is better than its past earnings growth rate of 13% per year.
- In contrast, the Diversified Financial industry is expected to see its earnings grow by 28% 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 | |
|---|---|---|---|---|---|
| QNBFB QNB Finansbank | ₺311.00 | 3.6% +₺36.0b | 503.9% | PB11.2x | |
| QNBFL QNB Finans Finansal Kiralama | ₺132.00 | 16.3% +₺18.5b | 924.8% | PE158.2x | |
| RAYSG Ray Sigorta Anonim Sirketi | ₺464.00 | 6.1% +₺4.4b | 1,203.4% | PE44.4x | |
| INVES Investco Holding | ₺354.00 | 5.6% +₺3.5b | 36.0% | PE32.1x | |
| BRYAT Borusan Yatirim ve Pazarlama | ₺2.26k | 1.7% +₺1.0b | 15.6% | PE32.7x |