Turkish (BIST) Telecom Sector Analysis
UpdatedDec 03, 2023
DataAggregated Company Financials
Companies11
- 7D2.6%
- 3M-2.4%
- 1Y52.1%
- YTD15.5%
Over the last 7 days, the Telecom industry has risen 2.6%, driven by gains from Türk Telekomünikasyon Anonim Sirketi of 7.0%. In the same time, Hürriyet Gazetecilik ve Matbaacilik was down 21%. In the last 12 months, the industry was up 52%. Looking forward, earnings are forecast to grow by 37% annually.
Sector Valuation and Performance
Has the Turkish Telecom Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 03 Dec 2023 | ₺228.1b | ₺158.3b | ₺23.9b | 15.9x | 9.5x | 1.4x |
| Tue, 31 Oct 2023 | ₺190.8b | ₺136.2b | ₺17.5b | 20.3x | 10.9x | 1.4x |
| Thu, 28 Sep 2023 | ₺210.6b | ₺136.2b | ₺17.5b | 17.4x | 12x | 1.5x |
| Sat, 26 Aug 2023 | ₺234.9b | ₺136.2b | ₺17.5b | 18.2x | 13.5x | 1.7x |
| Mon, 24 Jul 2023 | ₺191.8b | ₺119.1b | ₺18.0b | 17.9x | 10.6x | 1.6x |
| Wed, 21 Jun 2023 | ₺153.6b | ₺118.9b | ₺17.9b | 11.7x | 8.6x | 1.3x |
| Fri, 19 May 2023 | ₺135.7b | ₺118.9b | ₺17.9b | 9.2x | 7.6x | 1.1x |
| Sun, 16 Apr 2023 | ₺165.8b | ₺106.1b | ₺15.9b | 17.9x | 10.4x | 1.6x |
| Tue, 14 Mar 2023 | ₺159.5b | ₺105.9b | ₺15.8b | 24.6x | 10.1x | 1.5x |
| Thu, 09 Feb 2023 | ₺145.0b | ₺94.1b | ₺10.9b | 15.5x | 13.3x | 1.5x |
| Sat, 07 Jan 2023 | ₺190.4b | ₺94.1b | ₺10.9b | 22x | 17.5x | 2x |
| Mon, 05 Dec 2022 | ₺148.6b | ₺94.1b | ₺10.9b | 21.7x | 13.6x | 1.6x |
| Wed, 02 Nov 2022 | ₺115.8b | ₺84.4b | ₺10.8b | 13.3x | 10.7x | 1.4x |
| Fri, 30 Sep 2022 | ₺91.4b | ₺84.4b | ₺10.8b | 11x | 8.4x | 1.1x |
| Sun, 28 Aug 2022 | ₺93.6b | ₺84.4b | ₺10.8b | 12.3x | 8.6x | 1.1x |
| Tue, 26 Jul 2022 | ₺77.5b | ₺77.3b | ₺9.9b | 15.5x | 7.8x | 1x |
| Thu, 23 Jun 2022 | ₺79.1b | ₺77.3b | ₺9.9b | 15.5x | 8x | 1x |
| Sat, 21 May 2022 | ₺78.2b | ₺77.1b | ₺9.9b | 15.6x | 7.9x | 1x |
| Mon, 18 Apr 2022 | ₺102.7b | ₺72.2b | ₺11.1b | 17.9x | 9.3x | 1.4x |
| Wed, 16 Mar 2022 | ₺84.6b | ₺71.2b | ₺11.0b | 14.9x | 7.7x | 1.2x |
| Fri, 11 Feb 2022 | ₺81.4b | ₺66.6b | ₺10.7b | 19.9x | 7.6x | 1.2x |
| Sun, 09 Jan 2022 | ₺86.6b | ₺66.9b | ₺10.7b | 12.2x | 8.1x | 1.3x |
| Tue, 07 Dec 2021 | ₺87.8b | ₺66.9b | ₺10.7b | 12.1x | 8.2x | 1.3x |
| Thu, 04 Nov 2021 | ₺68.0b | ₺65.2b | ₺10.5b | 11.6x | 6.5x | 1x |
| Sat, 02 Oct 2021 | ₺62.9b | ₺63.9b | ₺8.9b | 11.7x | 7.1x | 1x |
| Mon, 30 Aug 2021 | ₺64.5b | ₺63.9b | ₺8.9b | 12.1x | 7.2x | 1x |
| Tue, 06 Jul 2021 | ₺60.9b | ₺63.9b | ₺8.9b | 11.3x | 6.8x | 1x |
| Fri, 09 Apr 2021 | ₺60.0b | ₺60.9b | ₺8.3b | 21.7x | 7.2x | 1x |
| Thu, 31 Dec 2020 | ₺68.7b | ₺58.4b | ₺7.4b | 45.7x | 9.3x | 1.2x |
Price to Earnings Ratio
10x
Current Industry PE
- Investors are relatively neutral on the Turkish Communication Services industry at the moment, indicating that they anticipate long term growth rates to remain steady.
- The industry is trading close to its 3-year average PE ratio of 9.3x.
- The 3-year average PS ratio of 1.3x is lower than the industry's current PS ratio of 1.4x.
Past Earnings Growth
- The earnings for companies in the Communication Services industry have grown 56% per year over the last three years.
- Revenues for these companies have grown 42% 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 Telecom sector?
| TR Market | -1.39% | |
| Telecom | 2.57% | |
| Telecom Services and Carriers | 6.99% | |
| Wireless Telecom | 0.78% | |
| Media | -3.56% | |
| Entertainment | -6.82% | |
| Interactive Media and Services | -10.08% | |
Industry PE
- Investors are most optimistic about the Interactive Media and Services industry which is trading above its 3-year average PE ratio of 10.8x.
- It looks like they are confident that earnings will grow faster in the future than they have historically.
Forecasted Growth
- Analysts are most optimistic on the Telecom Services and Carriers industry, expecting annual earnings growth of 51% over the next 5 years.
- This is better than its past earnings growth rate of 32% per year.
- In contrast, the Wireless Telecom 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 | |
|---|---|---|---|---|---|
| TTKOM Türk Telekomünikasyon Anonim Sirketi | ₺24.18 | 7.0% +₺5.5b | 38.5% | PE15.2x | |
| TCELL Turkcell Iletisim Hizmetleri | ₺58.50 | 0.8% +₺981.9m | 77.1% | PE7.3x | |
| IHGZT Ihlas Gazetecilik | ₺1.61 | 19.3% +₺208.0m | 32.0% | PE5.1x | |
| CEOEM Ceo Event Medya | ₺25.84 | 23.4% +₺207.3m | 49.4% | PE17.5x | |
| IHYAY Ihlas Yayin Holding | ₺3.31 | 8.5% +₺117.0m | 187.8% | PE15.3x |