BST:RCAA

Stock Analysis Report

Arçelik Anonim Sirketi

Executive Summary

Arçelik Anonim Sirketi, together with its subsidiaries, produces, markets, sells, services, imports, and exports consumer durable goods and consumer electronics in Turkey and internationally.

Snowflake

Fundamentals

Good value with reasonable growth potential.


Similar Companies

Share Price & News

How has Arçelik Anonim Sirketi's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.02%

BST:RCAA

2.6%

DE Consumer Durables

0.8%

DE Market


1 Year Return

38.0%

BST:RCAA

-14.0%

DE Consumer Durables

-10.9%

DE Market

RCAA outperformed the Consumer Durables industry which returned -13.9% over the past year.

RCAA outperformed the Market in Germany which returned -10.9% over the past year.


Share holder returns

RCAAIndustryMarket
7 Day0.02%2.6%0.8%
30 Day-17.6%-4.6%-5.0%
90 Day18.3%-13.2%-2.9%
1 Year38.0%38.0%-11.9%-14.0%-8.1%-10.9%
3 Yearn/a-8.4%-15.8%10.4%0.9%
5 Yearn/a24.0%7.5%25.5%8.1%

Price Volatility Vs. Market

How volatile is Arçelik Anonim Sirketi's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Arçelik Anonim Sirketi undervalued based on future cash flows and its price relative to the stock market?

11.84x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

Arçelik Anonim Sirketi's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

Arçelik Anonim Sirketi's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

Arçelik Anonim Sirketi is good value based on earnings compared to the DE Consumer Durables industry average.

Arçelik Anonim Sirketi is good value based on earnings compared to the Germany market.


Price Based on Expected Growth

Arçelik Anonim Sirketi is good value based on expected growth next year.


Price Based on Value of Assets

Arçelik Anonim Sirketi is good value based on assets compared to the DE Consumer Durables industry average.


Next Steps

Future Growth

How is Arçelik Anonim Sirketi expected to perform in the next 1 to 3 years based on estimates from 9 analysts?

37.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Arçelik Anonim Sirketi's revenue is expected to grow by 14.3% yearly, however this is not considered high growth (20% yearly).

Arçelik Anonim Sirketi's earnings are expected to grow significantly at over 20% yearly.

Arçelik Anonim Sirketi's revenue growth is expected to exceed the Germany market average.

Arçelik Anonim Sirketi's earnings growth is expected to exceed the Germany market average.

Arçelik Anonim Sirketi's earnings growth is expected to exceed the low risk savings rate of 0.2%.


Earnings per Share Growth Estimates


Future Return on Equity

Arçelik Anonim Sirketi is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Arçelik Anonim Sirketi performed over the past 5 years?

4.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Arçelik Anonim Sirketi's year on year earnings growth rate has been positive over the past 5 years.

Arçelik Anonim Sirketi's 1-year earnings growth exceeds its 5-year average (46.3% vs 4.1%)

Arçelik Anonim Sirketi's earnings growth has exceeded the DE Consumer Durables industry average in the past year (46.3% vs 6.3%).


Return on Equity

Arçelik Anonim Sirketi has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Arçelik Anonim Sirketi used its assets more efficiently than the DE Consumer Durables industry average last year based on Return on Assets.


Return on Capital Employed

Arçelik Anonim Sirketi's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Arçelik Anonim Sirketi's financial position?


Financial Position Analysis

Arçelik Anonim Sirketi is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

Arçelik Anonim Sirketi's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

Arçelik Anonim Sirketi's level of debt (145%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (107.5% vs 145% today).

Debt is well covered by operating cash flow (21.4%, greater than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 1.8x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is covered by short term assets, assets are 1.7x debt.


Next Steps

Dividend

What is Arçelik Anonim Sirketi's current dividend yield, its reliability and sustainability?

5.55%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Unable to evaluate Arçelik Anonim Sirketi's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Arçelik Anonim Sirketi's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Arçelik Anonim Sirketi has not reported any payouts.

Unable to verify if Arçelik Anonim Sirketi's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Arçelik Anonim Sirketi has not reported any payouts.


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (2.4x coverage).


Next Steps

Management

What is the CEO of Arçelik Anonim Sirketi's salary, the management and board of directors tenure and is there insider trading?

3.8yrs

Average management tenure


CEO

Hakan Bulgurlu 0

0.0yrs

Tenure

0

Mr. Hakan Hamdi Bulgurlu has been Director of Singer Bangladesh (formerly, Singer Bangladesh Limited) since April 3, 2019. Mr. Bulgurlu serves as the Chief Executive Officer at Arcelik AS and has been its  ...


Management Age and Tenure

3.8yrs

Average Tenure

The tenure for the Arçelik Anonim Sirketi management team is about average.


Board Age and Tenure

3.3yrs

Average Tenure

61yo

Average Age

The tenure for the Arçelik Anonim Sirketi board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Hakan Bulgurlu

    CEO, GM & Director

    • Tenure: 0.0yrs
  • Cemal Dinçer

    Chief Commercial Officer of Turkey & Pakistan

    • Tenure: 3.8yrs
  • Buket Çelebiöven

    Human Resources Director

    • Tenure: 0.0yrs
  • Cemal Seref Öztürk

    Chief Production & Technology Officer and Assistant GM of Production & Technology

    • Tenure: 3.8yrs
  • Polat Sen

    CFO and Assistant GM of Finance & Accounting

    • Tenure: 4.5yrs
  • Mehmet Balcioglu

    Chief Commercial Officer of Europe

    • Tenure: 4.5yrs
  • Utku Pazar

    Chief Strategy & Digital Officer

    • Tenure: 0.8yrs
  • Zeynep Özbil

    Corporate Communications Director

    • Tenure: 0.0yrs
  • Zeynep Uzun

    Chief Marketing Officer & Assistant GM of Marketing

    • Tenure: 1.8yrs
  • Orkun Inanbil

    Investor Relations Manager

    • Tenure: 0.0yrs

Board Members

  • Rahmi Koç (89yo)

    Chairman

    • Tenure: 0.0yrs
  • Ömer Koç (57yo)

    Vice Chairman

    • Tenure: 3.3yrs
  • Ali Koç (52yo)

    Non-Executive Non Independent Director

    • Tenure: 0.0yrs
  • Semahat Arsel (91yo)

    Non-Executive Non Independent Director

    • Tenure: 0.0yrs
  • Robert Sonman

    Non-Executive Non Independent Director

    • Tenure: 25.3yrs
  • Mehmet Kozlu (73yo)

    Director

    • Tenure: 1.3yrs
  • Kamil Bozer (61yo)

    Director

    • Tenure: 1.3yrs
  • Hakan Bulgurlu

    CEO, GM & Director

    • Tenure: 0.0yrs
  • Fatih Ebiçlioglu

    Director

    • Tenure: 0.0yrs
  • Levent Çakiroglu (52yo)

    Director

    • Tenure: 0.0yrs

Company Information

Arçelik Anonim Sirketi's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Arçelik Anonim Sirketi
  • Ticker: RCAA
  • Exchange: BST
  • Founded: 1955
  • Industry: Household Appliances
  • Sector: Consumer Durables
  • Market Cap: YTL11.555b
  • Listing Market Cap: YTL1.803b
  • Shares outstanding: 675.73m
  • Website: https://www.arcelikas.com

Number of Employees


Location

  • Arçelik Anonim Sirketi
  • Karaagaç Caddesi No: 2-6
  • Sütlüce
  • Istanbul
  • 34445
  • Turkey

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ARCLKIBSE (Borsa Istanbul (BIST))YesOrdinary SharesTRTRYJul 1990
ACKA.FOTCPK (Pink Sheets LLC)YesOrdinary SharesUSUSDJul 1990
ACKA.YOTCPK (Pink Sheets LLC)UNSPONSORD ADRUSUSDOct 2008
RCAABST (Boerse-Stuttgart)UNSPONSORD ADRDEEUROct 2008

Biography

Arçelik Anonim Sirketi, together with its subsidiaries, produces, markets, sells, services, imports, and exports consumer durable goods and consumer electronics in Turkey and internationally. It operates t ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/24 22:20
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.