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Turkish (BIST) Real Estate Sector Analysis

UpdatedDec 03, 2022
DataAggregated Company Financials
Companies41
  • 7D6.8%
  • 3M46.9%
  • 1Y127.3%
  • YTD135.2%

In the last week, the Real Estate industry is up 6.8%, with Torunlar Gayrimenkul Yatirim Ortakligi up 13%. In the same time, Is Gayrimenkul Yatirim Ortakligi was down 5.3%. This means that the industry has gained 127% over the past year. Looking forward, earnings are forecast to grow by 12% annually.

Sector Valuation and Performance

Has the Turkish Real Estate Sector valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Sun, 04 Dec 2022₺226.1b₺26.2b₺42.6b7x5.3x8.6x
Tue, 01 Nov 2022₺172.5b₺23.2b₺37.7b5.7x4.6x7.4x
Thu, 29 Sep 2022₺139.0b₺23.8b₺35.9b5.3x3.9x5.8x
Sat, 27 Aug 2022₺152.1b₺23.5b₺35.5b6.4x4.3x6.5x
Mon, 25 Jul 2022₺151.5b₺20.2b₺25.9b8.2x5.8x7.5x
Wed, 22 Jun 2022₺133.3b₺20.3b₺25.7b7.4x5.2x6.6x
Fri, 20 May 2022₺130.1b₺19.3b₺25.7b7.1x5.1x6.8x
Sun, 17 Apr 2022₺126.2b₺17.3b₺24.9b7.6x5.1x7.3x
Tue, 15 Mar 2022₺98.8b₺18.4b₺25.1b5.7x3.9x5.4x
Thu, 10 Feb 2022₺94.9b₺16.4b₺12.8b11.3x7.4x5.8x
Sat, 08 Jan 2022₺90.7b₺16.4b₺8.4b13.3x10.8x5.5x
Mon, 06 Dec 2021₺84.5b₺16.4b₺8.4b13.9x10x5.2x
Wed, 03 Nov 2021₺72.3b₺16.7b₺7.0b14.8x10.4x4.3x
Fri, 01 Oct 2021₺63.5b₺16.4b₺6.7b14.4x9.5x3.9x
Sun, 29 Aug 2021₺64.3b₺16.4b₺6.7b15.2x9.6x3.9x
Mon, 05 Jul 2021₺55.7b₺16.4b₺6.7b10.6x8.3x3.4x
Thu, 08 Apr 2021₺58.4b₺13.9b₺4.9b15.1x11.8x4.2x
Sun, 10 Jan 2021₺55.3b₺13.6b₺3.1b18.2x17.6x4.1x
Sat, 03 Oct 2020₺43.1b₺12.5b₺3.0b11.3x14.5x3.5x
Tue, 07 Jul 2020₺36.7b₺10.4b₺3.8b11.4x9.7x3.5x
Fri, 10 Apr 2020₺23.3b₺14.0b₺4.5b5.7x5.1x1.7x
Thu, 02 Jan 2020₺28.1b₺14.0b₺4.6b6.1x6.1x2x
Price to Earnings Ratio

6.1x


Total Market Cap: ₺28.1bTotal Earnings: ₺4.6bTotal Revenue: ₺14.0bTotal Market Cap vs Earnings and Revenue0%0%0%
Turkish Real Estate Sector Price to Earnings3Y Average 10x20212022
Current Industry PE
  • Investors are pessimistic on the Turkish Real Estate 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 5.3x which is lower than its 3-year average PE of 10.0x.
  • The 3-year average PS ratio of 4.9x is lower than the industry's current PS ratio of 8.6x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have grown 91% per year over the last three years.
  • Revenues for these companies have grown 36% 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 Real Estate sector?

TR Market3.33%
Real Estate6.84%
Real Estate15.06%
REITS5.87%
Industry PE
  • Investors are most optimistic about the Real Estate industry even though it's trading below its 3-year average PE ratio of 27.3x.
    • It looks like they are confident that earnings will grow faster in the future than they have historically.
  • Investors are most pessimistic about the REITS industry, which is trading below its 3-year average of 9.2x.
Forecasted Growth
  • Analysts are most optimistic on the REITS industry, expecting annual earnings growth of 12% over the next 5 years.
  • In contrast, the REITS industry is expected to see its earnings grow 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
TRGYO Torunlar Gayrimenkul Yatirim Ortakligi₺18.5613.2%
+₺2.2b
353.8%PB1.2x
DAPGM DAP Gayrimenkul Gelistirme₺71.1012.5%
+₺1.6b
n/an/a
OZKGY Ozak Gayrimenkul Yatirim Ortakligi₺16.6614.1%
+₺1.5b
414.2%PB0.9x
AKSGY Akis Gayrimenkul Yatirim Ortakligi₺7.2130.4%
+₺1.4b
289.7%PB0.8x
KZBGY Kizilbük Gayrimenkul Yatirim Ortakligi₺21.4417.2%
+₺942.0m
-9.2%PB2.9x
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Latest News

TRGYO

₺18.56

Torunlar Gayrimenkul Yatirim Ortakligi

7D

13.2%

1Y

353.8%

AKFGY

₺5.60

Akfen Gayrimenkul Yatirim Ortakligi

7D

11.8%

1Y

14.1%

SNGYO

₺3.14

Sinpas Gayrimenkul Yatirim Ortakligi

7D

-1.3%

1Y

26.0%

KLGYO

₺3.58

Kiler Gayrimenkul Yatirim Ortakligi

7D

14.0%

1Y

60.5%

KGYO

₺30.50

Koray Gayrimenkul Yatirim Ortakligi

7D

-7.6%

1Y

340.1%

ISGYO

₺9.47

Is Gayrimenkul Yatirim Ortakligi

7D

-5.3%

1Y

253.4%

DAPGM

₺71.10

DAP Gayrimenkul Gelistirme

7D

12.5%

1Y

n/a

SEGYO

₺2.90

Seker Gayrimenkul Yatirim Ortakligi

7D

-9.4%

1Y

n/a