Turkish (BIST) Utilities Sector Analysis
UpdatedDec 03, 2023
DataAggregated Company Financials
Companies27
- 7D-3.7%
- 3M-12.8%
- 1Y-11.9%
- YTD-1.7%
Over the last 7 days, the Utilities industry has dropped 3.7%, driven by a pullback from Margün Enerji Üretim Sanayi ve Ticaret of 25%. In contrast, Biotrend Cevre ve Enerji Yatirimlari has gained 13%. However, the industry is down 12% over the past year. In the next few years, earnings are forecast to decline by 43% annually.
Sector Valuation and Performance
Has the Turkish Utilities Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 03 Dec 2023 | ₺411.2b | ₺363.0b | ₺49.8b | 14x | 8.3x | 1.1x |
| Tue, 31 Oct 2023 | ₺427.2b | ₺355.7b | ₺36.9b | 13.7x | 11.6x | 1.2x |
| Thu, 28 Sep 2023 | ₺481.2b | ₺351.1b | ₺36.1b | 15.6x | 13.3x | 1.4x |
| Sat, 26 Aug 2023 | ₺420.5b | ₺335.1b | ₺35.8b | 13.6x | 11.7x | 1.3x |
| Mon, 24 Jul 2023 | ₺343.8b | ₺328.6b | ₺38.3b | 11.9x | 9x | 1x |
| Wed, 21 Jun 2023 | ₺257.9b | ₺312.4b | ₺37.6b | 8.6x | 6.9x | 0.8x |
| Fri, 19 May 2023 | ₺221.8b | ₺297.3b | ₺37.0b | 7.3x | 6x | 0.7x |
| Sun, 16 Apr 2023 | ₺256.9b | ₺265.3b | ₺34.5b | 9.7x | 7.5x | 1x |
| Tue, 14 Mar 2023 | ₺270.6b | ₺258.8b | ₺33.3b | 11.1x | 8.1x | 1x |
| Thu, 09 Feb 2023 | ₺220.2b | ₺204.2b | ₺21.5b | 9.3x | 10.3x | 1.1x |
| Sat, 07 Jan 2023 | ₺315.2b | ₺202.0b | ₺20.9b | 12.7x | 15.1x | 1.6x |
| Mon, 05 Dec 2022 | ₺329.3b | ₺201.6b | ₺20.8b | 15.4x | 15.8x | 1.6x |
| Wed, 02 Nov 2022 | ₺259.1b | ₺155.3b | ₺14.7b | 11.9x | 17.6x | 1.7x |
| Fri, 30 Sep 2022 | ₺199.2b | ₺155.3b | ₺14.7b | 9.3x | 13.5x | 1.3x |
| Sun, 28 Aug 2022 | ₺180.0b | ₺155.1b | ₺14.3b | 8.8x | 12.6x | 1.2x |
| Tue, 26 Jul 2022 | ₺148.8b | ₺121.0b | ₺7.5b | 13.4x | 19.8x | 1.2x |
| Thu, 23 Jun 2022 | ₺136.5b | ₺121.0b | ₺7.5b | 12.5x | 18.1x | 1.1x |
| Sat, 21 May 2022 | ₺118.6b | ₺120.8b | ₺8.6b | 10.4x | 13.9x | 1x |
| Mon, 18 Apr 2022 | ₺118.7b | ₺91.2b | ₺6.4b | 14.5x | 18.6x | 1.3x |
| Wed, 16 Mar 2022 | ₺94.5b | ₺90.4b | ₺5.4b | 12.2x | 17.4x | 1x |
| Fri, 11 Feb 2022 | ₺95.1b | ₺70.3b | ₺5.1b | 15.1x | 18.5x | 1.4x |
| Sun, 09 Jan 2022 | ₺83.3b | ₺70.1b | ₺5.5b | 14.8x | 15.2x | 1.2x |
| Tue, 07 Dec 2021 | ₺81.5b | ₺70.1b | ₺5.4b | 16.1x | 15.1x | 1.2x |
| Thu, 04 Nov 2021 | ₺79.0b | ₺53.3b | ₺4.2b | 21.2x | 18.8x | 1.5x |
| Sat, 02 Oct 2021 | ₺74.1b | ₺53.1b | ₺4.0b | 15.4x | 18.3x | 1.4x |
| Mon, 30 Aug 2021 | ₺67.7b | ₺53.1b | ₺4.0b | 14.6x | 16.7x | 1.3x |
| Tue, 06 Jul 2021 | ₺50.6b | ₺53.0b | ₺4.0b | 11.6x | 12.6x | 1x |
| Fri, 09 Apr 2021 | ₺39.4b | ₺51.1b | ₺2.9b | 10.8x | 13.5x | 0.8x |
| Thu, 31 Dec 2020 | ₺36.9b | ₺49.6b | ₺1.4b | 14.9x | 26.1x | 0.7x |
Price to Earnings Ratio
17.9x
Current Industry PE
- Investors are pessimistic on the Turkish Utilities 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 8.3x which is lower than its 3-year average PE of 15.2x.
- The industry is trading close to its 3-year average PS ratio of 1.2x.
Past Earnings Growth
- The earnings for companies in the Utilities industry have grown 217% per year over the last three years.
- Revenues for these companies have grown 108% 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 Utilities sector?
| TR Market | -1.39% | |
| Utilities | -3.71% | |
| Gas Utilities | 1.28% | |
| Other Utilities | 0% | |
| Water Utilities | 0% | |
| Electric Utilities | -3.87% | |
| Renewable Energy | -6.01% | |
Industry PE
- Investors are most optimistic about the Renewable Energy industry which is trading above its 3-year average PE ratio of 19.1x.
- Analysts are expecting annual earnings growth of 45.3%, which is higher than its past year's earnings growth of 12.5% per year.
- Investors are most pessimistic about the Electric Utilities industry, which is trading below its 3-year average of 13.2x.
Forecasted Growth
- Analysts are most optimistic on the Renewable Energy industry, expecting annual earnings growth of 45% over the next 5 years.
- This is better than its past earnings growth rate of 13% per year.
- In contrast, the Electric Utilities industry is expected to see its earnings decline by 78% 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 | |
|---|---|---|---|---|---|
| BIOEN Biotrend Cevre ve Enerji Yatirimlari | ₺20.66 | 12.9% +₺1.2b | 11.0% | PE17.8x | |
| AYDEM Aydem Yenilenebilir Enerji | ₺21.46 | 7.9% +₺1.1b | -5.0% | PS3.4x | |
| ENERY Enerya Enerji Anonim Sirketi | ₺144.80 | 4.1% +₺826.5m | n/a | PE112.7x | |
| AYGAZ Aygaz | ₺134.80 | 2.8% +₺813.3m | 62.8% | PE5.2x | |
| ZOREN Zorlu Enerji Elektrik Üretim | ₺5.05 | 1.4% +₺350.0m | -33.0% | PE11.7x |