Turkiye Garanti Bankasi A.S. provides various banking products and services.
No risks detected for TGBD from our risk checks.
Undervalued with reasonable growth potential.
Share Price & News
How has Turkiye Garanti Bankasi's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: TGBD has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: TGBD exceeded the UK Banks industry which returned -0.2% over the past year.
Return vs Market: TGBD exceeded the UK Market which returned 12.7% over the past year.
Price Volatility Vs. Market
How volatile is Turkiye Garanti Bankasi's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Turkiye Garanti 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: TGBD ($1.8) is trading below our estimate of fair value ($5.37)
Significantly Below Fair Value: TGBD is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TGBD is good value based on its PE Ratio (6.2x) compared to the Banks industry average (10.9x).
PE vs Market: TGBD is good value based on its PE Ratio (6.2x) compared to the UK market (18.5x).
Price to Earnings Growth Ratio
PEG Ratio: TGBD is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: TGBD is overvalued based on its PB Ratio (0.8x) compared to the GB Banks industry average (0.6x).
How is Turkiye Garanti Bankasi forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TGBD's forecast earnings growth (31.5% per year) is above the savings rate (1.2%).
Earnings vs Market: TGBD's earnings (31.5% per year) are forecast to grow faster than the UK market (11.7% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: TGBD's revenue (17.2% per year) is forecast to grow faster than the UK market (3.6% per year).
High Growth Revenue: TGBD's revenue (17.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TGBD's Return on Equity is forecast to be low in 3 years time (17.8%).
How has Turkiye Garanti Bankasi performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TGBD has high quality earnings.
Growing Profit Margin: TGBD's current net profit margins (35.1%) are lower than last year (39.5%).
Past Earnings Growth Analysis
Earnings Trend: TGBD's earnings have grown by 15.6% per year over the past 5 years.
Accelerating Growth: TGBD's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: TGBD had negative earnings growth (-13.1%) over the past year, making it difficult to compare to the Banks industry average (28.3%).
Return on Equity
High ROE: TGBD's Return on Equity (11.7%) is considered low.
How is Turkiye Garanti 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: TGBD has a low level of unsold assets or inventory.
Debt Coverage by Assets: TGBD's debt is covered by short term assets (assets are 1.6x debt).
Financial Institutions Analysis
Asset Level: TGBD's level of assets compared to its equity is low.
Allowance for Bad Loans: TGBD has a low allowance for bad loans.
Low Risk Liabilities: TGBD's liabilities are made up of primarily low risk sources of funding.
Loan Level: TGBD has an acceptable proportion of non-loan assets held.
Low Risk Deposits: TGBD's loans are broadly funded by customer deposits.
Level of Bad Loans: TGBD has a high level of bad loans (5.42%)
What is Turkiye Garanti Bankasi's current dividend yield, its reliability and sustainability?
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate TGBD's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.
High Dividend: Unable to evaluate TGBD'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 TGBD's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if TGBD's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: TGBD is not paying a notable dividend for the UK market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of TGBD's dividend in 3 years as they are not forecast to pay a notable one for the UK market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Recep Bastug (51yo)
Mr. Recep Bastug has been the President, Chief Executive Officer and Director of Türkiye Garanti Bankasi AS since September 1, 2019. Mr. Bastug started his career in Garanti BBVA Internal Audit Department ...
|President||0.17yr||no data||no data|
|Executive Vice President of ALM||3.92yrs||no data||no data|
|Senior Vice President of Investor Relations Department||no data||no data||no data|
|Executive Vice President of Legal Services & Collection||3yrs||no data||no data|
|Head of Compliance||no data||no data||no data|
|Co-Director for Global Markets||1.33yrs||no data||no data|
|Executive Vice President of Human Resources & Support Services||4.25yrs||no data||no data|
|Executive VP & Chief Credit Risk Officer||18.83yrs||no data||no data|
|Senior Vice President of Assets & Liabilities Management||no data||no data||no data|
|Senior Vice President of Corporate Banking Coordination||no data||no data||no data|
Experienced Management: TGBD's management team is considered experienced (3.5 years average tenure).
|President||0.17yr||no data||no data|
|Director||16.5yrs||no data||no data|
|Independent Director||6.58yrs||no data||no data|
|Director||4.33yrs||no data||no data|
|Director||15.42yrs||no data||no data|
|Chairman of the Board||22.17yrs||no data||no data|
|Director||5.08yrs||no data||no data|
|Independent Director||2.5yrs||no data||no data|
|Director||2.5yrs||no data||no data|
|Independent Vice Chairman of the Board||2.17yrs||no data||no data|
Experienced Board: TGBD's board of directors are considered experienced (4.7 years average tenure).
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.
Turkiye Garanti Bankasi A.S.'s company bio, employee growth, exchange listings and data sources
- Name: Turkiye Garanti Bankasi A.S.
- Ticker: TGBD
- Exchange: LSE
- Founded: 1946
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: ₺39.732b
- Listing Market Cap: ₺6.902b
- Shares outstanding: 4.20b
- Website: https://www.garantibbva.com.tr
Number of Employees
- Turkiye Garanti Bankasi A.S.
- Levent Nispetiye Mah.Aytar Cad.
- No:2 Besiktas
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|GARAN||IBSE (Borsa Istanbul (BIST))||Yes||Common Stock||TR||TRY||Jun 1992|
|TKGB.F||OTCPK (Pink Sheets LLC)||Yes||Common Stock||US||USD||Jun 1992|
|TKGZ.Y||OTCPK (Pink Sheets LLC)||ADS (REPR 1 ORD) (144A)||US||USD||Nov 1993|
|TKGB.Y||OTCPK (Pink Sheets LLC)||ADS EACH 1 REPR 1 ORD TRY1 'LVL1'||US||USD||Sep 2000|
|TGBD||LSE (London Stock Exchange)||ADS EACH 1 REPR 1 ORD TRY1 'LVL1'||GB||USD||Sep 2000|
Turkiye Garanti Bankasi A.S. provides various banking products and services. It offers current, savings, time and term deposit, ELMA, and deposit accounts; mutual funds, T-bills/government bonds, Eurobonds, repos, equities, dual currency deposit transactions, Turkish derivatives exchange, e-trader, forward transactions, and taxation services; general purpose, auto, revolving, house, discount, SME project, installment, working capital, foreign currency, and other loans, as well as spot TL and foreign currency, letters of guarantee and reference, and overdraft accounts; various cards; mortgage products; Internet and mobile/SMS banking; payment services; and safety boxes. The company also provides SME specific products, such as support packages, and foreign trade financing and legislation, as well as related services; cash management services; leasing, fleet management, and factoring services; and auto, liability, health, unemployment, life, house, individual accident, automobile, business premises, fire, freight, engineering, loan, and agriculture insurance products, as well as pension products. In addition, it offers corporate banking and private banking services; and project financing solutions. As of December 31, 2018, the company operated 926 branches in Turkey, as well as 7 branches and 2 representative offices internationally. The company was founded in 1946 and is headquartered in Istanbul, Turkey.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2019/11/05 20:46|
|End of Day Share Price||2019/11/04 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.