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Turkish (BIST) Banks Industry Analysis

UpdatedDec 07, 2022
DataAggregated Company Financials
Companies11
  • 7D-5.2%
  • 3M6.3%
  • 1Y84.0%
  • YTD113.6%

Over the last 7 days, the Banks industry has dropped 5.2%, driven by QNB Finansbank declining 11%. On the other hand Albaraka Türk Katilim Bankasi is actually up 6.8%. Over the past 12 months, the industry was up 84%. Looking forward, earnings are forecast to decline by 12% per year.

Industry Valuation and Performance

Has the Turkish Banks Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 08 Dec 2022₺784.8b₺553.8b₺247.8b3.4x3.2x1.4x
Sat, 05 Nov 2022₺682.9b₺484.5b₺218.5b3.3x3.1x1.4x
Mon, 03 Oct 2022₺555.3b₺409.3b₺174.0b2.9x3.2x1.4x
Wed, 31 Aug 2022₺606.0b₺406.8b₺174.0b3.4x3.5x1.5x
Fri, 29 Jul 2022₺437.9b₺302.7b₺110.5b3.8x4x1.4x
Sun, 26 Jun 2022₺422.4b₺302.7b₺110.5b3.4x3.8x1.4x
Tue, 24 May 2022₺409.5b₺303.1b₺110.5b3.4x3.7x1.4x
Thu, 21 Apr 2022₺419.7b₺228.5b₺72.8b4.9x5.8x1.8x
Sat, 19 Mar 2022₺310.8b₺191.9b₺60.8b3.8x5.1x1.6x
Mon, 14 Feb 2022₺332.0b₺188.0b₺58.2b6.4x5.7x1.8x
Wed, 12 Jan 2022₺327.3b₺147.3b₺44.1b6.8x7.4x2.2x
Fri, 10 Dec 2021₺352.9b₺147.3b₺44.1b7.2x8x2.4x
Sun, 07 Nov 2021₺287.9b₺144.5b₺43.7b6.5x6.6x2x
Tue, 05 Oct 2021₺264.3b₺137.6b₺38.5b6.3x6.9x1.9x
Thu, 02 Sep 2021₺290.7b₺137.6b₺38.5b6.1x7.6x2.1x
Sat, 31 Jul 2021₺278.5b₺137.6b₺38.5b5.8x7.2x2x
Tue, 04 May 2021₺293.2b₺134.5b₺37.1b5x7.9x2.2x
Fri, 05 Feb 2021₺394.9b₺133.1b₺36.7b5.8x10.8x3x
Mon, 09 Nov 2020₺361.2b₺130.9b₺36.8b4.3x9.8x2.8x
Sun, 02 Aug 2020₺435.8b₺120.1b₺33.9b4.9x12.9x3.6x
Wed, 06 May 2020₺301.6b₺110.6b₺30.9b5.8x9.8x2.7x
Sat, 08 Feb 2020₺350.9b₺101.7b₺28.8b8x12.2x3.5x
Price to Earnings Ratio

10.2x


Total Market Cap: ₺294.0bTotal Earnings: ₺28.8bTotal Revenue: ₺101.7bTotal Market Cap vs Earnings and Revenue0%0%0%
Turkish Banks Industry Price to Earnings3Y Average 7.7x20212022
Current Industry PE
  • Investors are pessimistic on the Turkish Banks industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 3.2x which is lower than its 3-year average PE of 7.7x.
  • The 3-year average PS ratio of 2.3x is higher than the industry's current PS ratio of 1.4x.
Past Earnings Growth
  • The earnings for companies in the Banks industry have grown 105% 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 industry?

TR Market0.075%
Financials-3.81%
Banks-5.22%
Regional Banks0%
Diversified Banks-5.22%
Industry PE
  • Investors are most optimistic about the Diversified Banks industry even though it's trading below its 3-year average PE ratio of 7.7x.
    • Analysts are expecting annual earnings decline of 12.0%, which is lower than the prior year's growth of 405.0% per year.
  • Investors are most pessimistic about the Diversified Banks industry, which is trading below its 3-year average of 7.7x.
Forecasted Growth
  • Despite it being negative, analysts are least pessimistic on the Diversified Banks industry since they expect its earnings to decline by only 12% per year over the next 5 years, which isn't as bad as the other industries.
  • This is a reversal from its past annual earnings growth rate of 405% per year.
  • In contrast, the Diversified Banks industry is expected to see its earnings decline by 12% per year over the next few years.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
ALBRK Albaraka Türk Katilim Bankasi₺3.431.2%
+₺100.0m
73.2%PB1.1x
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Latest News

QNBFB

₺49.50

QNB Finansbank

7D

-17.5%

1Y

5.2%

SAHOL

₺39.46

Haci Ömer Sabanci Holding

7D

-5.1%

1Y

169.9%

HALKB

₺9.80

Türkiye Halk Bankasi

7D

-4.4%

1Y

82.8%

AKBNK

₺15.75

Akbank T.A.S

7D

-9.6%

1Y

112.3%

ALBRK

₺3.43

Albaraka Türk Katilim Bankasi

7D

1.2%

1Y

73.2%

YKBNK

₺10.68

Yapi ve Kredi Bankasi

7D

-9.8%

1Y

195.8%

ISCTR

₺9.89

Türkiye Is Bankasi

7D

-8.9%

1Y

182.1%