Turkish (BIST) Market Analysis & Valuation
UpdatedJul 04, 2024
DataAggregated Company Financials
Companies550
- 7D0.8%
- 3M12.1%
- 1Y91.9%
- YTD31.6%
Over the last 7 days, the market has remained flat, although notably the Communication Services sector gained 5.7% in that time. More promisingly, the market is up 92% over the past year. Looking forward, earnings are forecast to grow by 26% annually.
Market Valuation and Performance
Has the Turkish Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Thu, 04 Jul 2024 | ₺14.1t | ₺11.2t | ₺1.4t | 15.5x | 9.9x | 1.3x |
| Sat, 01 Jun 2024 | ₺14.1t | ₺11.1t | ₺1.4t | 16.5x | 9.9x | 1.3x |
| Mon, 29 Apr 2024 | ₺13.7t | ₺10.5t | ₺1.4t | 15.4x | 9.6x | 1.3x |
| Wed, 27 Mar 2024 | ₺12.3t | ₺9.9t | ₺1.4t | 14.5x | 8.8x | 1.2x |
| Fri, 23 Feb 2024 | ₺12.6t | ₺8.3t | ₺1.4t | 16x | 9.2x | 1.5x |
| Sun, 21 Jan 2024 | ₺10.7t | ₺8.2t | ₺1.4t | 12.6x | 7.9x | 1.3x |
| Tue, 19 Dec 2023 | ₺10.4t | ₺8.2t | ₺1.3t | 12x | 7.7x | 1.3x |
| Thu, 16 Nov 2023 | ₺10.9t | ₺8.2t | ₺1.3t | 13.1x | 8.1x | 1.3x |
| Sat, 14 Oct 2023 | ₺10.9t | ₺7.2t | ₺1.1t | 15.4x | 9.5x | 1.5x |
| Mon, 11 Sep 2023 | ₺10.1t | ₺7.2t | ₺1.1t | 14.8x | 8.9x | 1.4x |
| Wed, 09 Aug 2023 | ₺8.6t | ₺6.9t | ₺1.1t | 13.5x | 7.7x | 1.2x |
| Fri, 07 Jul 2023 | ₺7.0t | ₺6.7t | ₺1.1t | 11x | 6.6x | 1.1x |
| Sun, 04 Jun 2023 | ₺5.9t | ₺6.6t | ₺1.1t | 9.2x | 5.6x | 0.9x |
| Tue, 02 May 2023 | ₺5.3t | ₺6.1t | ₺1.0t | 8.4x | 5.1x | 0.9x |
| Thu, 30 Mar 2023 | ₺5.5t | ₺5.9t | ₺1.0t | 8.8x | 5.5x | 0.9x |
| Sat, 25 Feb 2023 | ₺6.6t | ₺5.4t | ₺860.2b | 11x | 7.6x | 1.2x |
| Mon, 23 Jan 2023 | ₺6.0t | ₺4.9t | ₺680.6b | 13.4x | 8.9x | 1.2x |
| Wed, 21 Dec 2022 | ₺6.1t | ₺4.9t | ₺680.5b | 13.8x | 9x | 1.2x |
| Fri, 18 Nov 2022 | ₺5.0t | ₺4.9t | ₺678.6b | 10.8x | 7.4x | 1x |
| Sun, 16 Oct 2022 | ₺4.0t | ₺3.9t | ₺499.5b | 11.5x | 8x | 1x |
| Tue, 13 Sep 2022 | ₺6.8t | ₺3.9t | ₺498.5b | 10.4x | 13.7x | 1.8x |
| Thu, 11 Aug 2022 | ₺3.2t | ₺3.2t | ₺408.8b | 11.4x | 7.9x | 1x |
| Sat, 09 Jul 2022 | ₺2.8t | ₺3.0t | ₺349.7b | 10.3x | 8.1x | 0.9x |
| Mon, 06 Jun 2022 | ₺2.9t | ₺3.0t | ₺349.6b | 10.3x | 8.3x | 1x |
| Wed, 04 May 2022 | ₺2.7t | ₺2.7t | ₺311.9b | 10.9x | 8.8x | 1x |
| Fri, 01 Apr 2022 | ₺2.5t | ₺2.5t | ₺282.3b | 11.1x | 8.8x | 1x |
| Sun, 27 Feb 2022 | ₺2.3t | ₺2.3t | ₺257.8b | 11.6x | 9x | 1x |
| Tue, 25 Jan 2022 | ₺2.4t | ₺2.1t | ₺213.4b | 14.5x | 11.5x | 1.2x |
| Thu, 23 Dec 2021 | ₺2.1t | ₺2.1t | ₺212.7b | 14.4x | 9.7x | 1x |
| Sat, 20 Nov 2021 | ₺1.9t | ₺2.1t | ₺211.5b | 14.3x | 9.1x | 0.9x |
| Mon, 18 Oct 2021 | ₺1.6t | ₺1.8t | ₺171.7b | 14.8x | 9.5x | 0.9x |
| Wed, 15 Sep 2021 | ₺1.7t | ₺1.8t | ₺171.3b | 15.5x | 9.7x | 0.9x |
| Fri, 13 Aug 2021 | ₺1.6t | ₺1.8t | ₺171.0b | 15.1x | 9.6x | 0.9x |
Price to Earnings Ratio
9.4x
Current Market PE
- Investors are optimistic on the Turkish market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 9.9x which is higher than its 3-year average PE of 8.7x.
Past Earnings Growth
- The earnings for Turkish listed companies have grown 103% per year over the last three years.
- Revenues for these companies have grown 83% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Turkish Market?
| TR Market | 0.84% | |
| Telecom | 5.66% | |
| Healthcare | 2.40% | |
| Energy | 1.67% | |
| Financials | 1.60% | |
| Real Estate | 1.01% | |
| Industrials | 0.80% | |
| Consumer Staples | 0.55% | |
| Materials | 0.30% | |
| Consumer Discretionary | -0.63% | |
| Tech | -1.27% | |
| Utilities | -1.41% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading close to its 3-year average PE ratio of 35.0x.
- The market's confidence is likely because analysts are expecting annual earnings growth of 84.5%, which is higher than its past year's earnings growth of 38.2% per year.
- The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 6.2x.
Forecasted Growth
- Analysts are most optimistic on the Tech sector, expecting annual earnings growth of 85% over the next 5 years.
- This is better than its past earnings growth rate of 38% per year.
- In contrast, the Energy sector is expected to see its earnings grow by 6.0% 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 | Sector | |
|---|---|---|---|---|---|---|
| KCHOL Koç Holding | ₺228.40 | 5.3% +₺28.9b | 109.2% | PE9.2x | Industrials | |
| GARAN Turkiye Garanti Bankasi | ₺118.80 | 5.1% +₺24.4b | 253.6% | PB2x | Financials | |
| SAHOL Haci Ömer Sabanci Holding | ₺100.10 | 10.8% +₺20.5b | 110.4% | PB0.8x | Financials | |
| QNBFB QNB Finansbank | ₺306.25 | 1.9% +₺19.3b | 594.4% | PB11x | Financials | |
| TCELL Turkcell Iletisim Hizmetleri | ₺104.70 | 6.8% +₺14.5b | 165.5% | PE17x | Telecom |
