Türkiye Halk Bankasi A.S., together with its subsidiaries, provides various banking products and services.
Very undervalued with high growth potential.
Share Price & News
How has Türkiye Halk Bankasi's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: THB1's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: THB1 exceeded the German Banks industry which returned -37.7% over the past year.
Return vs Market: THB1 underperformed the German Market which returned -17.5% over the past year.
Price Volatility Vs. Market
How volatile is Türkiye Halk Bankasi's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Türkiye Halk Bankasi 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: THB1 (€1.22) is trading below our estimate of fair value (€4.21)
Significantly Below Fair Value: THB1 is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: THB1 is good value based on its PE Ratio (3x) compared to the Banks industry average (15.1x).
PE vs Market: THB1 is good value based on its PE Ratio (3x) compared to the German market (16.3x).
Price to Earnings Growth Ratio
PEG Ratio: THB1 is good value based on its PEG Ratio (0.1x)
Price to Book Ratio
PB vs Industry: THB1 is good value based on its PB Ratio (0.2x) compared to the DE Banks industry average (0.8x).
How is Türkiye Halk Bankasi forecast to perform in the next 1 to 3 years based on estimates from 8 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: THB1's forecast earnings growth (23.4% per year) is above the savings rate (-0.4%).
Earnings vs Market: THB1's earnings (23.4% per year) are forecast to grow faster than the German market (14.4% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: THB1's revenue (23% per year) is forecast to grow faster than the German market (4.1% per year).
High Growth Revenue: THB1's revenue (23% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: THB1's Return on Equity is forecast to be low in 3 years time (10.3%).
How has Türkiye Halk Bankasi performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: THB1 has a high level of non-cash earnings.
Growing Profit Margin: THB1's current net profit margins (22.8%) are lower than last year (24.1%).
Past Earnings Growth Analysis
Earnings Trend: THB1's earnings have declined by -0.5% per year over the past 5 years.
Accelerating Growth: THB1's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: THB1 had negative earnings growth (-21.6%) over the past year, making it difficult to compare to the Banks industry average (0.7%).
Return on Equity
High ROE: THB1's Return on Equity (6.5%) is considered low.
How is Türkiye Halk Bankasi'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: THB1 has a low level of unsold assets or inventory.
Debt Coverage by Assets: THB1's debt is not covered by short term assets (assets are 0.7x debt).
Financial Institutions Analysis
Asset Level: THB1's level of assets compared to its equity is moderate.
Allowance for Bad Loans: THB1 has a low allowance for bad loans.
Low Risk Liabilities: THB1's liabilities are made up of primarily low risk sources of funding.
Loan Level: THB1 has an acceptable proportion of non-loan assets held.
Low Risk Deposits: THB1's loans are broadly funded by customer deposits.
Level of Bad Loans: THB1 has a high level of bad loans (4.9%)
What is Türkiye Halk Bankasi's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate THB1's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate THB1'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 THB1's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if THB1's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: THB1 is not paying a notable dividend for the German market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of THB1'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
Osman Arslan (48yo)
Mr. Osman Arslan serves as General Manager of Turkiye Halk Bankasi Anonim Sirketi since June 8, 2017 and also its Director. Mr. Arslan serves as Member of Supervisory Board at Halkbank AD Skopje since 2019 ...
|GM & Director||2.67yrs||no data||no data|
|Head of General Accounting Department||no data||no data||no data|
|Head of Investor Relations Department||no data||no data||no data|
|Head of Compliance||no data||no data||no data|
|Head of Legal Affairs||1.17yrs||no data||no data|
|Head of Corporate Communications Department||no data||no data||no data|
|Deputy General Manager of Corporate & Commercial Marketing||no data||no data||no data|
|Chairman of the Board of Inspectors||15.25yrs||no data||no data|
|Vice CEO & Deputy GM of Loan Policies||no data||no data||no data|
|Head of Inspection Board||no data||no data||no data|
Experienced Management: THB1's management team is considered experienced (2.7 years average tenure).
|GM & Director||2.67yrs||no data||no data|
|Independent Board Member||0.83yr||no data||no data|
|Member of Supervisory Board||7yrs||no data||no data|
|Independent Director||5.83yrs||no data||no data|
|Chairman of the Board||4.58yrs||no data||no data|
|Director||2.67yrs||no data||no data|
|Director||2.67yrs||no data||no data|
|Independent Vice Chairman of Board||1.58yrs||no data||no data|
|Director||1yr||no data||no data|
|Director||1.17yrs||no data||no data|
Experienced Board: THB1's board of directors are not considered experienced ( 2.7 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 Halk Bankasi A.S.'s company bio, employee growth, exchange listings and data sources
- Name: Türkiye Halk Bankasi A.S.
- Ticker: THB1
- Exchange: BST
- Founded: 1933
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: ₺6.175b
- Listing Market Cap: ₺850.262m
- Shares outstanding: 1.25b
- Website: https://www.halkbank.com.tr
Number of Employees
- Türkiye Halk Bankasi A.S.
- Barbaros Mahallesi
- Sebboy Sokak No:4
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|HALKB||IBSE (Borsa Istanbul (BIST))||Yes||Common Stock||TR||TRY||May 2007|
|THBI.Y||OTCPK (Pink Sheets LLC)||UNSP ADR EACH REPR 2 ORD||US||USD||Nov 2008|
|THB1||BST (Boerse-Stuttgart)||UNSP ADR EACH REPR 2 ORD||DE||EUR||Nov 2008|
Türkiye Halk Bankasi A.S., together with its subsidiaries, provides various banking products and services. The company offers various deposit products, including e-deposits, deposit accounts with investment fund, child accounts, accumulated deposit accounts, producing deposit accounts, current TL accounts, time deposit TL/FX accounts, current FX accounts, gold deposit accounts, and safety deposit boxes. It also provides personal, auto, mortgage, and overdraft loans; commercial and corporate loans; medium and long-term, and investment and project loans; loans from international financial institutions; and foreign trade loans. In addition, the company offers various cards and payment services; insurance products; derivative products; and investment products comprising investment funds, fon 24, domestic government bonds, bank bills and bonds, Eurobonds, repos, forwards, options, swaps, and secured options, as well as cash management services. Further, it provides Internet, mobile, SMS, and TV banking services. As of December 31, 2017, the company operated 969 branches consisting of 963 domestic branches; 6 foreign branches, including 5 in Cyprus and 1 in Bahrain; and 3 representative offices in England, Iran, and Singapore. Türkiye Halk Bankasi A.S. was founded in 1933 and is headquartered in Istanbul, Turkey.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/03/31 00:38|
|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.