Türkiye Vakiflar Bankasi Türk Anonim Ortakligi, through its subsidiaries, provides corporate, commercial, small business, retail, and investment banking services in Turkey and internationally.
Very undervalued with adequate balance sheet.
Share Price & News
How has Türkiye Vakiflar Bankasi Türk Anonim Ortakligi's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: T8VA's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: Insufficient data to determine how T8VA performed against the German Banks industry.
Return vs Market: Insufficient data to determine how T8VA performed against the German Market.
Price Volatility Vs. Market
How volatile is Türkiye Vakiflar Bankasi Türk Anonim Ortakligi's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Türkiye Vakiflar Bankasi Türk Anonim Ortakligi undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: T8VA (€5.8) is trading below our estimate of fair value (€14.59)
Significantly Below Fair Value: T8VA is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: T8VA is good value based on its PE Ratio (3.3x) compared to the Banks industry average (15.1x).
PE vs Market: T8VA is good value based on its PE Ratio (3.3x) compared to the German market (16.3x).
Price to Earnings Growth Ratio
PEG Ratio: T8VA is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: T8VA is good value based on its PB Ratio (0.3x) compared to the DE Banks industry average (0.8x).
How is Türkiye Vakiflar Bankasi Türk Anonim Ortakligi forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: T8VA's forecast earnings growth (18.3% per year) is above the savings rate (-0.4%).
Earnings vs Market: T8VA's earnings (18.3% per year) are forecast to grow faster than the German market (14.4% per year).
High Growth Earnings: T8VA's earnings are forecast to grow, but not significantly.
Revenue vs Market: T8VA's revenue (19.7% per year) is forecast to grow faster than the German market (4.1% per year).
High Growth Revenue: T8VA's revenue (19.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: T8VA's Return on Equity is forecast to be low in 3 years time (13.3%).
How has Türkiye Vakiflar Bankasi Türk Anonim Ortakligi performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: T8VA has a high level of non-cash earnings.
Growing Profit Margin: T8VA's current net profit margins (26.4%) are lower than last year (32.7%).
Past Earnings Growth Analysis
Earnings Trend: T8VA's earnings have grown by 17.8% per year over the past 5 years.
Accelerating Growth: T8VA's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: T8VA had negative earnings growth (-25.9%) over the past year, making it difficult to compare to the Banks industry average (0.7%).
Return on Equity
High ROE: T8VA's Return on Equity (10.5%) is considered low.
How is Türkiye Vakiflar Bankasi Türk Anonim Ortakligi's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: T8VA has a low level of unsold assets or inventory.
Debt Coverage by Assets: T8VA's debt is not covered by short term assets (assets are 0.8x debt).
Financial Institutions Analysis
Asset Level: T8VA's level of assets compared to its equity is moderate.
Allowance for Bad Loans: T8VA has a low allowance for bad loans.
Low Risk Liabilities: T8VA's liabilities are made up of primarily low risk sources of funding.
Loan Level: T8VA has an acceptable proportion of non-loan assets held.
Low Risk Deposits: T8VA's loans are broadly funded by customer deposits.
Level of Bad Loans: T8VA has a high level of bad loans (5.86%)
What is Türkiye Vakiflar Bankasi Türk Anonim Ortakligi's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate T8VA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate T8VA's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if T8VA's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if T8VA's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: T8VA is not paying a notable dividend for the German market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of T8VA's dividend in 3 years as they are not forecast to pay a notable one for the German market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Abdi Ustunsalih (56yo)
Mr. Abdi Serdar Üstünsalih has been General Manager and Director of Türkiye Vakiflar Bankasi TAO since May 2019. Mr. Üstünsalih has been Director at Türkiye Sinai Kalkinma Bankasi AS since June 14, 2019. M ...
|GM & Director||0.83yr||no data||no data|
|Senior VP and Head of International Banking & Investor Relations||no data||no data||no data|
|Assistant GM and Executive VP of Credit Risk Monitoring & Legal Tracking Department||2.67yrs||no data||no data|
|Assistant General Manager of Payment Systems||0.83yr||no data||no data|
|Assistant GM and Executive VP of Human Resources & Institutional Development||no data||no data||no data|
|Assistant GM and Executive VP of Information Technologies & Operational Transactions||13.75yrs||no data||no data|
|Senior Vice President of Strategy & Planning Department||no data||no data||no data|
|Executive Vice President of Credit Allocation Management & Credit Policies||1.17yrs||no data||no data|
|Executive Vice President of Private Banking-Affiliates||9.75yrs||no data||no data|
|Head of Risk Management||11.58yrs||no data||no data|
Experienced Management: T8VA's management team is considered experienced (2.7 years average tenure).
|GM & Director||0.83yr||no data||no data|
|Director||2.75yrs||no data||no data|
|Independent Vice Chairman||1.58yrs||no data||no data|
|Independent Director||2.75yrs||no data||no data|
|Director||9.42yrs||no data||no data|
|Independent Director||4yrs||no data||no data|
|Member of Statutory Auditor Board||10yrs||no data||no data|
|Director||1.58yrs||no data||no data|
|Chairman of the Board||0.83yr||no data||no data|
|Director||0.83yr||no data||no data|
Experienced Board: T8VA's board of directors are not considered experienced ( 2.2 years average tenure), which suggests a new board.
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Türkiye Vakiflar Bankasi Türk Anonim Ortakligi's company bio, employee growth, exchange listings and data sources
- Name: Türkiye Vakiflar Bankasi Türk Anonim Ortakligi
- Ticker: T8VA
- Exchange: BST
- Founded: 1954
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: ₺11.275b
- Listing Market Cap: ₺1.576b
- Shares outstanding: 2.50b
- Website: https://www.vakifbank.com.tr
- Türkiye Vakiflar Bankasi Türk Anonim Ortakligi
- Saray Mahallesi
- Dr. Adnan Buyukdeniz Caddesi
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|VAKBN||IBSE (Borsa Istanbul (BIST))||Yes||Group D Registered Shares||TR||TRY||Nov 2005|
|TKYV.Y||OTCPK (Pink Sheets LLC)||ADR||US||USD||Oct 2008|
|T8VA||BST (Boerse-Stuttgart)||ADR||DE||EUR||Oct 2008|
Türkiye Vakiflar Bankasi Türk Anonim Ortakligi, through its subsidiaries, provides corporate, commercial, small business, retail, and investment banking services in Turkey and internationally. It offers time and demand deposits, accumulating accounts, repos, overdraft facilities, spot loans, foreign currency indexed loans, consumer loans, automobile and housing loans, working capital loans, discounted bills, gold loans, foreign currency loans, Eximbank loans, pre-export loans, ECA covered financing, letters of guarantee, letters of credit, export factoring, acceptance credits, and draft facilities. The company also provides forfeiting, leasing, forwards, futures, salary payments, investment accounts, cheques, safety boxes, tax collections, bill payment, and payment order services, as well as insurance products comprising fire, accident, transportation, engineering, agriculture, health, forensic protection, and loan insurance. In addition, it offers foreign trade transactions, cash management, factoring, credit cards, and other banking products to its corporate, commercial, and retail customers. Further, the company provides small business banking services, including overdraft accounts, POS machines, TL and foreign currency deposits, Internet banking and call-center, debit card, and bill payment to enterprises in retail and service sectors. Additionally, it offers capital markets transactions; issues capital market tools; purchases and sells marketable securities; and provides investment consultancy and portfolio management services, as well as invests in marketable debt and equity securities, and gold and other precious metals. As of December 31, 2016, the company operated a network of 924 branches in Turkey, as well as 3 foreign branches located in New York, Bahrain, and Erbil; and 4,037 ATMs and 216,804 units of POS. Türkiye Vakiflar Bankasi Türk Anonim Ortakligi was founded in 1954 and is headquartered in Istanbul, Turkey.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/30 23:16|
|End of Day Share Price||2020/03/30 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.