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Türkiye Is Bankasi

LSE:TIBD
Snowflake Description

Very undervalued with excellent balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TIBD
LSE
TRY27B
Market Cap
  1. Home
  2. GB
  3. Banks
Company description

Türkiye Is Bankasi A.S. provides various banking products and services. The last earnings update was 73 days ago. More info.


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TIBD Share Price and Events
7 Day Returns
0%
LSE:TIBD
0%
GB Banks
1.5%
GB Market
1 Year Returns
0%
LSE:TIBD
-9.9%
GB Banks
2.1%
GB Market
TIBD Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Türkiye Is Bankasi (TIBD) 0% 0% 0% 0% 0.3% 0.3%
GB Banks 0% 7.6% 6.2% -9.9% 15.3% -12.2%
GB Market 1.5% 5.2% 9.7% 2.1% 17.8% 6.8%
1 Year Return vs Industry and Market
  • TIBD outperformed the Banks industry which returned -9.9% over the past year.
  • TIBD underperformed the Market in United Kingdom of Great Britain and Northern Ireland which returned 2.1% over the past year.
Price Volatility
TIBD
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Türkiye Is Bankasi's competitors could be found in our database.

TIBD Value

 Is Türkiye Is Bankasi undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Türkiye Is Bankasi to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Türkiye Is Bankasi.

LSE:TIBD Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Weighted future Return on Equity estimates from 12 analysts.
= Stable Book Value * Return on Equity
= TRY13.49 * 13.3%
TRY1.79
Book Value of Equity per Share Weighted future Book Value estimates from 9 analysts. TRY13.49
Discount Rate (Cost of Equity) See below 13.1%
Perpetual Growth Rate 10-Year GB Government Bond Rate 1.2%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for LSE:TIBD
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year GB Govt Bond Rate 1.2%
Equity Risk Premium S&P Global 6%
Banks Unlevered Beta Simply Wall St/ S&P Global 0.6
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.595 (1 + (1- 22%) (526.81%))
2.367
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.23% + (2 * 5.96%)
13.15%

Discounted Cash Flow Calculation for LSE:TIBD using Excess Returns Model Model

The calculations below outline how an intrinsic value for Türkiye Is Bankasi is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

LSE:TIBD Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (13.3% – 13.15%) * TRY13.49)
TRY0.02
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= TRY0.02 / (13.15% - 1.23%)
TRY0.16
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= TRY13.49 + TRY0.16
TRY13.65
LSE:TIBD Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in LSE:TIBD represents 0.58376x of IBSE:ISCTR
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.58376x
Value per Share
(Listing Adjusted, USD)
= Value per Share (TRY) x Listing Adjustment Factor
= TRY 13.65 x 0.58376
$7.97
Value per share (USD) From above. $7.97
Current discount Discount to share price of $3.38
= -1 x ($3.38 - $7.97) / $7.97
57.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Türkiye Is Bankasi is available for.
Intrinsic value
>50%
Share price is $3.38 vs Future cash flow value of $7.97
Current Discount Checks
For Türkiye Is Bankasi to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Türkiye Is Bankasi's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Türkiye Is Bankasi's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Türkiye Is Bankasi's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Türkiye Is Bankasi's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
LSE:TIBD PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-12-31) in TRY TRY1.48
IBSE:ISCTR Share Price ** IBSE (2019-04-23) in TRY TRY5.79
United Kingdom of Great Britain and Northern Ireland Banks Industry PE Ratio Median Figure of 15 Publicly-Listed Banks Companies 10.28x
United Kingdom of Great Britain and Northern Ireland Market PE Ratio Median Figure of 797 Publicly-Listed Companies 16.16x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Türkiye Is Bankasi.

LSE:TIBD PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= IBSE:ISCTR Share Price ÷ EPS (both in TRY)

= 5.79 ÷ 1.48

3.91x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Türkiye Is Bankasi is good value based on earnings compared to the GB Banks industry average.
  • Türkiye Is Bankasi is good value based on earnings compared to the United Kingdom of Great Britain and Northern Ireland market.
Price based on expected Growth
Does Türkiye Is Bankasi's expected growth come at a high price?
Raw Data
LSE:TIBD PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.91x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
14.8%per year
United Kingdom of Great Britain and Northern Ireland Banks Industry PEG Ratio Median Figure of 14 Publicly-Listed Banks Companies 0.85x
United Kingdom of Great Britain and Northern Ireland Market PEG Ratio Median Figure of 564 Publicly-Listed Companies 1.49x

*Line of best fit is calculated by linear regression .

LSE:TIBD PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 3.91x ÷ 14.8%

0.26x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Türkiye Is Bankasi is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Türkiye Is Bankasi's assets?
Raw Data
LSE:TIBD PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-12-31) in TRY TRY11.02
IBSE:ISCTR Share Price * IBSE (2019-04-23) in TRY TRY5.79
United Kingdom of Great Britain and Northern Ireland Banks Industry PB Ratio Median Figure of 16 Publicly-Listed Banks Companies 0.88x
United Kingdom of Great Britain and Northern Ireland Market PB Ratio Median Figure of 1,367 Publicly-Listed Companies 1.52x
LSE:TIBD PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= IBSE:ISCTR Share Price ÷ Book Value per Share (both in TRY)

= 5.79 ÷ 11.02

0.53x

* Primary Listing of Türkiye Is Bankasi.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Türkiye Is Bankasi is good value based on assets compared to the GB Banks industry average.
X
Value checks
We assess Türkiye Is Bankasi's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Banks industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Banks industry average (and greater than 0)? (1 check)
  5. Türkiye Is Bankasi has a total score of 6/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

TIBD Future Performance

 How is Türkiye Is Bankasi expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
14.8%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Türkiye Is Bankasi expected to grow at an attractive rate?
  • Türkiye Is Bankasi's earnings growth is expected to exceed the low risk savings rate of 1.2%.
Growth vs Market Checks
  • Türkiye Is Bankasi's earnings growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
  • Türkiye Is Bankasi's revenue growth is expected to exceed the United Kingdom of Great Britain and Northern Ireland market average.
Annual Growth Rates Comparison
Raw Data
LSE:TIBD Future Growth Rates Data Sources
Data Point Source Value (per year)
LSE:TIBD Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 14.8%
LSE:TIBD Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 6.7%
United Kingdom of Great Britain and Northern Ireland Banks Industry Earnings Growth Rate Market Cap Weighted Average 12.7%
United Kingdom of Great Britain and Northern Ireland Banks Industry Revenue Growth Rate Market Cap Weighted Average 4.6%
United Kingdom of Great Britain and Northern Ireland Market Earnings Growth Rate Market Cap Weighted Average 10.9%
United Kingdom of Great Britain and Northern Ireland Market Revenue Growth Rate Market Cap Weighted Average 4.8%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
LSE:TIBD Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in TRY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
LSE:TIBD Future Estimates Data
Date (Data in TRY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 13,092
2022-12-31 12,383
2021-12-31 26,502 10,325 5
2020-12-31 26,166 7,548 8
2019-12-31 23,238 5,787 8
LSE:TIBD Past Financials Data
Date (Data in TRY Millions) Revenue Cash Flow Net Income *
2018-12-31 22,176 -4,335 6,672
2018-09-30 21,891 8,447 5,656
2018-06-30 21,905 -17,001 5,865
2018-03-31 21,330 -5,609 5,625
2017-12-31 20,699 -17,921 5,530
2017-09-30 20,505 -15,257 6,126
2017-06-30 19,915 -8,990 5,837
2017-03-31 19,499 -14,053 5,788
2016-12-31 18,340 -1,001 5,010
2016-09-30 17,036 -938 4,319
2016-06-30 16,476 -353 3,786
2016-03-31 15,539 -856 3,316

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Türkiye Is Bankasi's earnings are expected to grow by 14.8% yearly, however this is not considered high growth (20% yearly).
  • Türkiye Is Bankasi's revenue is expected to grow by 6.7% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
LSE:TIBD Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Türkiye Is Bankasi Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:TIBD Future Estimates Data
Date (Data in TRY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 1.99 2.55 1.50 7.00
2020-12-31 1.66 2.05 1.40 10.00
2019-12-31 1.34 1.70 1.02 10.00
LSE:TIBD Past Financials Data
Date (Data in TRY Millions) EPS *
2018-12-31 1.48
2018-09-30 1.26
2018-06-30 1.30
2018-03-31 1.25
2017-12-31 1.23
2017-09-30 1.36
2017-06-30 1.30
2017-03-31 1.29
2016-12-31 1.11
2016-09-30 0.96
2016-06-30 0.84
2016-03-31 0.74

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Türkiye Is Bankasi is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Türkiye Is Bankasi's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United Kingdom of Great Britain and Northern Ireland market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Türkiye Is Bankasi has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

TIBD Past Performance

  How has Türkiye Is Bankasi performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Türkiye Is Bankasi's growth in the last year to its industry (Banks).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Türkiye Is Bankasi's year on year earnings growth rate has been positive over the past 5 years.
  • Türkiye Is Bankasi's 1-year earnings growth exceeds its 5-year average (20.6% vs 16.7%)
  • Türkiye Is Bankasi's earnings growth has not exceeded the GB Banks industry average in the past year (20.6% vs 42.2%).
Earnings and Revenue History
Türkiye Is Bankasi's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Türkiye Is Bankasi Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

LSE:TIBD Past Revenue, Cash Flow and Net Income Data
Date (Data in TRY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-12-31 22,176.39 6,671.82 4,501.78
2018-09-30 21,891.04 5,656.24 8,556.82
2018-06-30 21,905.25 5,864.95 7,483.50
2018-03-31 21,330.01 5,624.86 6,596.50
2017-12-31 20,698.92 5,530.13 5,300.98
2017-09-30 20,505.47 6,126.17 1,689.60
2017-06-30 19,914.73 5,836.64 1,689.60
2017-03-31 19,499.47 5,788.33 2,481.53
2016-12-31 18,340.45 5,010.48 4,622.47
2016-09-30 17,035.65 4,319.31 4,460.61
2016-06-30 16,476.30 3,785.94 4,460.61
2016-03-31 15,538.60 3,316.14 5,432.58
2015-12-31 15,348.79 3,330.74 4,113.39
2015-09-30 15,129.14 3,432.15 4,014.46
2015-06-30 15,023.68 3,754.78 4,014.46
2015-03-31 14,904.78 3,679.42 2,913.12
2014-12-31 14,236.51 3,523.72 3,788.42
2014-09-30 13,390.08 3,168.33 3,824.59
2014-06-30 12,695.65 2,946.97 3,824.59
2014-03-31 12,425.49 2,957.28 3,504.53
2013-12-31 12,614.91 3,235.92 3,443.58
2013-09-30 12,843.08 3,492.63 3,486.54
2013-06-30 13,038.22 3,542.58 4,531.40
2013-03-31 12,945.36 3,683.64 3,869.66
2012-12-31 12,440.15 3,412.02 3,544.84
2012-09-30 11,812.04 3,207.28 3,185.88
2012-06-30 10,785.84 2,775.51 2,141.02

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Türkiye Is Bankasi has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Türkiye Is Bankasi used its assets more efficiently than the GB Banks industry average last year based on Return on Assets.
  • Unable to establish if Türkiye Is Bankasi improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.
X
Past performance checks
We assess Türkiye Is Bankasi's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Banks industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Türkiye Is Bankasi has a total score of 3/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

TIBD Health

 How is Türkiye Is Bankasi's financial position? (This company is analysed differently as a bank or financial institution)

This company is a bank or financial institution.

Fundamentally a bank's business is based upon borrowing and lending money, for this reason they typically have high levels of debt and we analyse them differently.
Net Worth
Balance sheet
This treemap shows a more detailed breakdown of Türkiye Is Bankasi's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Türkiye Is Bankasi Company Filings, last reported 3 months ago.

LSE:TIBD Past Debt and Equity Data
Date (Data in TRY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-12-31 55,614.89 142,504.26 105,074.43
2018-09-30 52,251.95 183,703.06 85,258.30
2018-06-30 57,239.61 164,644.22 73,369.29
2018-03-31 49,847.87 138,759.77 60,155.49
2017-12-31 48,759.75 132,148.15 16,850.67
2017-09-30 46,745.45 127,046.80 17,595.74
2017-06-30 45,644.93 123,573.67 16,133.71
2017-03-31 43,306.20 116,454.62 15,782.51
2016-12-31 41,811.17 112,092.61 16,008.40
2016-09-30 40,416.01 102,225.41 14,611.84
2016-06-30 39,680.71 98,394.81 14,353.49
2016-03-31 38,061.20 93,241.70 13,213.85
2015-12-31 36,683.53 99,608.12 11,585.09
2015-09-30 34,282.92 103,218.00 12,709.93
2015-06-30 31,025.30 94,794.83 11,270.64
2015-03-31 30,841.40 85,964.47 11,126.52
2014-12-31 33,004.57 79,135.64 10,789.72
2014-09-30 28,969.29 75,826.51 9,900.32
2014-06-30 28,295.74 67,751.89 9,852.90
2014-03-31 25,677.64 62,045.14 15,706.40
2013-12-31 25,894.63 66,594.62 11,412.98
2013-09-30 25,436.94 58,385.41 11,279.45
2013-06-30 24,537.89 56,316.95 11,608.56
2013-03-31 25,171.44 49,699.65 9,094.16
2012-12-31 24,858.76 45,243.74 7,059.55
2012-09-30 23,022.44 43,686.25 7,437.71
2012-06-30 21,839.34 46,472.17 6,904.73
BANK ANALYSIS

This company is a bank or financial institution, which is analysed accordingly below.

Below we check the amount of loans the bank has, how many of those are bad, and its ability to cover any bad loans.
  • Türkiye Is Bankasi has an acceptable proportion of non-loan assets held.
  • Türkiye Is Bankasi's liabilities are made up of primarily low risk sources of funding.
  • Loans at Türkiye Is Bankasi are broadly funded by customer deposits.
  • Türkiye Is Bankasi's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).
  • Türkiye Is Bankasi has a sufficient allowance for bad loans.
  • Türkiye Is Bankasi has a high level of bad loans (greater than 2%).
X
Financial health checks
We assess Türkiye Is Bankasi's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Türkiye Is Bankasi has a total score of 5/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

TIBD Dividends

 What is Türkiye Is Bankasi's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Türkiye Is Bankasi dividends. Estimated to be 5.05% next year.
If you bought $2,000 of Türkiye Is Bankasi shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Türkiye Is Bankasi's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Türkiye Is Bankasi's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
LSE:TIBD Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
United Kingdom of Great Britain and Northern Ireland Banks Industry Average Dividend Yield Market Cap Weighted Average of 14 Stocks 5%
United Kingdom of Great Britain and Northern Ireland Market Average Dividend Yield Market Cap Weighted Average of 705 Stocks 4.1%
United Kingdom of Great Britain and Northern Ireland Minimum Threshold Dividend Yield 10th Percentile 1%
United Kingdom of Great Britain and Northern Ireland Bottom 25% Dividend Yield 25th Percentile 2%
United Kingdom of Great Britain and Northern Ireland Top 25% Dividend Yield 75th Percentile 5.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

LSE:TIBD Future Dividends Estimate Data
Date (Data in TRY) Dividend per Share (annual) Avg. No. Analysts
2023-12-31
2022-12-31
2021-12-31 0.40 7.00
2020-12-31 0.32 12.00
2019-12-31 0.21 12.00
LSE:TIBD Past Annualized Dividends Data
Date (Data in TRY) Dividend per share (annual) Avg. Yield (%)
2013-11-07 0.000 0.000
2013-08-05 0.000 0.000
2013-05-07 0.000 0.000
2012-08-08 0.154 2.499
2011-02-14 0.154 3.517
2010-05-04 0.104 1.874
2009-12-31 0.104 2.279

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Türkiye Is Bankasi has not reported any payouts.
  • Unable to verify if Türkiye Is Bankasi's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Türkiye Is Bankasi's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Türkiye Is Bankasi has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be well covered by earnings (5x coverage).
X
Income/ dividend checks
We assess Türkiye Is Bankasi's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Türkiye Is Bankasi afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Türkiye Is Bankasi has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TIBD Management

 What is the CEO of Türkiye Is Bankasi's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Adnan Bali
AGE 56
TENURE AS CEO 8 years
CEO Bio

Mr. Adnan Bali has been the Chief Executive Officer of Türkiye Is Bankasi Anonim Sirketi since April 1, 2011 and serves as its Member of the Executive Board and Director. Mr. Bali serves as Manager of Isbank's fiiflli Branch. He has been an Assistant General Manager of Isbank's fiiflli Bank since May 2006. He served as Deputy Chief Executive of Isbank since 2006. He served as General Manager and Chief Executive Officer of Türkiye Is Bankasi Anonim Sirketi since April 1, 2011. He started his professional career at Isbank. He served as a Deputy General Manager of Türkiye Is Bankasi Anonim Sirketi from May 30, 2006 to April 1, 2011. He served as an Executive Vice President of Türkiye Is Bankasi Anonim Sirketi since May 30, 2006. He served as Assistant Manager in Fund Management Department since 1994, as Group Manager in Fund Management Department since 1997 and as Manager in Fund Management Department since 1998. He also served as the Manager of fiiflli Branch since 2002 and as the Manager of Galata Branch since 2004. Mr. Bali joined Isbank as an Assistant Inspector in the Board of Inspectors in 1986 and has served in a number of Bank's units and branches. He has been the Chairman of Türkiye Sise Ve Cam Fabrikalari A.S. since April 07, 2017. He served as the Chairman of the Supervisory Board at Isbank AG and Sisecam Group until June 8, 2018. He served as the Chairman of the Board at Turkiye Sinai Kalkinma Bankasi A.S. since April 21, 2011 until April 7, 2017. He served as the Chairman of Is Gayrimenkul Yatirim Ortakligi A.S. He served as the Chairman of Tskb Yatirim Ortakligi A.S. He has been a Director of Turkiye Sinai Kalkinma Bankasi A.S. since April 15, 2011. He serves as a Director of Turkiye Is Bankasi A.S. He served as a Director of Is Gayrimenkul Yatirim Ortakligi A.S. He served as a Director of OMV Petrol Ofisi AS. He is member of the Board of Directors of Vehbi Koç Foundation, Global Relations Forum (GRF) and The Banks Association of Turkey; member of the Turkish Industry and Business Association (TUSIAD), Istanbul Foundation for Culture and Arts (IKSV), Finance Managers Foundation of Turkey (Finance Club), Institute of International Finance (IIF) and Institut International d’Etudes Bancaires (IIEB). Mr. Bali is also member of the Board of Trustees of Turkish Foundation for Combating Soil Erosion for Reforestation and the Protecting of Natural Habitats (TEMA) and Darussafaka Society. He has attended to various training programs held abroad, including an executive program at Harvard Business School in Boston Massachusetts. Mr. Bali is holds a BS in Economics from Middle East Technical University in 1986.

CEO Compensation
  • Insufficient data for Adnan to compare compensation growth.
  • Insufficient data for Adnan to establish whether their remuneration is reasonable compared to companies of similar size in United Kingdom of Great Britain and Northern Ireland.
Management Team

Adnan Bali

TITLE
CEO, Member of Executive Board & Director
AGE
56
TENURE
8 yrs

Ali Ünal

TITLE
Head of Financial Management Division

Gamze Yalcin

TITLE
Deputy CEO & Member of Executive Board
AGE
47

Ömer Karakus

TITLE
Deputy CEO & Member of Executive Board
AGE
53

Hakan Aran

TITLE
Deputy CEO & Member of Executive Board
AGE
50

Senar Akkus

TITLE
Deputy CEO & Member of Executive Board
AGE
49

Yalçin Sezen

TITLE
Deputy CEO & Member of Executive Board
AGE
53

Yilmaz Ertürk

TITLE
Deputy CEO & Member of Executive Board
AGE
54

Murat Bilgiç

TITLE
Deputy CEO & Member of Executive Board
AGE
50

Nevzat Seyrek

TITLE
Deputy CEO & Member of Executive Board
AGE
48
Board of Directors Tenure

Average tenure and age of the Türkiye Is Bankasi board of directors in years:

2.1
Average Tenure
57
Average Age
  • The average tenure for the Türkiye Is Bankasi board of directors is less than 3 years, this suggests a new board.
Board of Directors

Füsun Tümsavas

TITLE
Chairman of the Board
AGE
61

Adnan Bali

TITLE
CEO, Member of Executive Board & Director
AGE
56
TENURE
8 yrs

Ertugrul Bozgedik

TITLE
Vice Chairman of the Board
AGE
54

Turkay Berksoy

TITLE
Director
AGE
67
TENURE
5.1 yrs

Feray Demir

TITLE
Director
AGE
50
TENURE
3.1 yrs

Rahmi Türeli

TITLE
Director
AGE
55
TENURE
2.1 yrs

Müslim Sari

TITLE
Director
AGE
44
TENURE
2.1 yrs

Ersin Önder Çiftçioglu

TITLE
Director
AGE
58
TENURE
2.1 yrs

Özcal Korkmaz

TITLE
Director
AGE
73
TENURE
2.1 yrs

Murat Karayalçin

TITLE
Director
AGE
75
TENURE
2.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Türkiye Is Bankasi's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Türkiye Is Bankasi has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

TIBD News

Simply Wall St News

TIBD Company Info

Description

Türkiye Is Bankasi A.S. provides various banking products and services. The company offers corporate and commercial banking services, including project financing, operating and investment loans, deposit and cash management, credit cards, cheques and bills, foreign trade transactions and financing, letter of guarantees and credits, forfeiting, foreign currency trading, bill collections, payrolls, investment accounts, tax collections, and other banking services to large corporations, SMEs, and other trading companies. It also provides retail banking services, such as deposits, consumer loans, overdraft accounts, credit cards, bill collections, remittances, foreign currency trading, safe-deposit boxes, insurance, tax collections, investment accounts, and other banking services; private banking services comprising various financial and cash management related services; and Internet and mobile banking services. In addition, the company engages in securities trading, money market transactions, spot and forward TL, and foreign currency trading; derivative transactions, such as forwards, swaps, futures, and options; and syndications and securitizations, as well as investment banking activities. Further, it is involved in insurance and reinsurance, private pensions, finance leasing, factoring, real estate investment, venture capital investment, brokerage, investment consulting, and portfolio and asset management businesses. The company operates through a network of 1,342 branches in Turkey and 22 branches internationally, as well as 6,528 ATMs. Türkiye Is Bankasi A.S. was founded in 1924 and is headquartered in Istanbul, Turkey.

Details
Name: Türkiye Is Bankasi A.S.
TIBD
Exchange: LSE
Founded: 1924
TRY4,605,655,475
4,500,000,000
Website: http://www.isbank.com.tr
Address: Türkiye Is Bankasi A.S.
Is Kuleleri,
Levent,
Istanbul,
34330,
Turkey
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
IBSE ISCTR Group C Registered Shares Borsa Istanbul (BIST) TR TRY 31. Jul 1990
OTCPK TYIB.F Group C Registered Shares Pink Sheets LLC US USD 31. Jul 1990
LSE TIBD GDR REPSTG CL C SHS REG S NEW London Stock Exchange GB USD 26. May 1998
IBSE ISKUR FOUNDER SHARES NPV Borsa Istanbul (BIST) TR TRY 27. Sep 2004
IBSE ISATR Group A Registered Shares Borsa Istanbul (BIST) TR TRY 14. Aug 1991
IBSE ISBTR Group B Registered Shares Borsa Istanbul (BIST) TR TRY 14. Aug 1991
Number of employees
Current staff
Staff numbers
29,108
Türkiye Is Bankasi employees.
Industry
Diversified Banks
Banks
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/04/24 20:49
End of day share price update: 2019/04/23 00:00
Last estimates confirmation: 2019/04/24
Last earnings filing: 2019/02/10
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.