Ege Endüstri ve Ticaret (IBSE:EGEEN) - Share price, News & Analysis

Q: What is the Fair Price of EGEEN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

EGEEN (TRY2300) is trading above our estimate of [[fair value]] (TRY451.37)

EGEEN fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	4/6
Financial Health	5/6
Dividends	2/6

EGEEN Stock Overview

Ege Endüstri ve Ticaret A.S. develops, manufactures, and sells axle and axle parts for the automotive industry in Turkey and internationally.

Rewards

Price-To-Earnings ratio (10x) is below the TR market (11.7x)

Earnings grew by 140.2% over the past year

Risk Analysis

High level of non-cash earnings

Dividend of 3.13% is not well covered by earnings

Ege Endüstri ve Ticaret Competitors

Döktas Dökümcülük Ticaret ve Sanayi

IBSE:DOKTA

₺5.4b

Bosch Fren Sistemleri Sanayi ve Ticaret

IBSE:BFREN

₺2.9b

Parsan Makina Parçalari Sanayii

IBSE:PARSN

₺3.2b

Federal-Mogul Izmit Piston Ve Pim Üretim Tesisleri

IBSE:FMIZP

₺1.7b

Price History & Performance

Summary of all time highs, changes and price drops for Ege Endüstri ve Ticaret
Historical stock prices
Current Share Price	₺2,300.00
52 Week High	₺2,582.50
52 Week Low	₺1,080.00
Beta	1.12
1 Month Change	5.51%
3 Month Change	30.65%
1 Year Change	75.84%
3 Year Change	378.17%
5 Year Change	791.13%
Change since IPO	6,835,779.45%

Shareholder Returns

	EGEEN	TR Auto Components	TR Market
7D	3.1%	3.0%	3.2%
1Y	75.8%	63.7%	77.4%

Return vs Industry: EGEEN exceeded the TR Auto Components industry which returned 63.7% over the past year.

Return vs Market: EGEEN underperformed the TR Market which returned 77.4% over the past year.

Price Volatility

Is EGEEN's price volatile compared to industry and market?
EGEEN volatility
EGEEN Average Weekly Movement	7.0%
Auto Components Industry Average Movement	5.6%
Market Average Movement	5.9%
10% most volatile stocks in TR Market	8.9%
10% least volatile stocks in TR Market	4.1%

Stable Share Price: EGEEN is not significantly more volatile than the rest of TR stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: EGEEN's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1964	590	Ayhan Özel	https://www.egeendustri.com.tr

Ege Endüstri ve Ticaret A.S. develops, manufactures, and sells axle and axle parts for the automotive industry in Turkey and internationally. It offers differential sleeves, bellows carriers, independent suspension front axle systems, and other axles components, as well as complete rear, additional, trailer, directional additional, and front axles. The company was founded in 1964 and is based in Izmir, Turkey.

Ege Endüstri ve Ticaret Fundamentals Summary

How do Ege Endüstri ve Ticaret's earnings and revenue compare to its market cap?
EGEEN fundamental statistics
Market Cap	₺7.24b
Earnings (TTM)	₺724.06m
Revenue (TTM)	₺1.34b

10.0x

P/E Ratio

5.4x

P/S Ratio

Is EGEEN overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
EGEEN income statement (TTM)
Revenue	₺1.34b
Cost of Revenue	₺780.95m
Gross Profit	₺562.41m
Other Expenses	-₺161.65m
Earnings	₺724.06m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	229.86
Gross Margin	41.87%
Net Profit Margin	53.90%
Debt/Equity Ratio	16.0%

How did EGEEN perform over the long term?

See historical performance and comparison

Dividends

3.1%

Current Dividend Yield

31%

Payout Ratio

We’ve recently updated our valuation analysis.

Valuation

Is EGEEN undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

2/6

Valuation Score 2/6

Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for EGEEN?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for EGEEN. This is calculated by dividing EGEEN's market cap by their current preferred multiple.
What is EGEEN's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	₺7.24b

EGEEN key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue	5.3x
Enterprise Value/EBITDA	14.4x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

How does EGEEN's PE Ratio compare to its peers?

EGEEN PE Ratio vs Peers

The above table shows the PE ratio for EGEEN vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	32.5x
DOKTA Döktas Dökümcülük Ticaret ve Sanayi	18.9x	n/a	₺5.4b
BFREN Bosch Fren Sistemleri Sanayi ve Ticaret	76.4x	n/a	₺2.9b
PARSN Parsan Makina Parçalari Sanayii	13.8x	n/a	₺3.2b
FMIZP Federal-Mogul Izmit Piston Ve Pim Üretim Tesisleri	21x	n/a	₺1.7b
EGEEN Ege Endüstri ve Ticaret	10x	n/a	₺7.2b

Price-To-Earnings vs Peers: EGEEN is good value based on its Price-To-Earnings Ratio (10x) compared to the peer average (32.5x).

Price to Earnings Ratio vs Industry

How does EGEEN's PE Ratio compare vs other companies in the Asian Auto Components Industry?

Price-To-Earnings vs Industry: EGEEN is good value based on its Price-To-Earnings Ratio (10x) compared to the TR Auto Components industry average (14x)

Price to Earnings Ratio vs Fair Ratio

What is EGEEN's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

EGEEN PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	10x
Fair PE Ratio	n/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate EGEEN's Price-To-Earnings Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of EGEEN when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: EGEEN (TRY2300) is trading above our estimate of fair value (TRY451.37)

Significantly Below Fair Value: EGEEN is trading above our estimate of fair value.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

How is Ege Endüstri ve Ticaret forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score

0/6

Future Growth Score 0/6

Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Future ROE

24.5%

Forecasted Automobiles industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ege Endüstri ve Ticaret has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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Check out Ege Endüstri ve Ticaret's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.

Past Performance

How has Ege Endüstri ve Ticaret performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

25.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: EGEEN has a high level of non-cash earnings.

Growing Profit Margin: EGEEN's current net profit margins (53.9%) are lower than last year (54.2%).

Past Earnings Growth Analysis

Earnings Trend: EGEEN's earnings have grown significantly by 25.4% per year over the past 5 years.

Accelerating Growth: EGEEN's earnings growth over the past year (140.2%) exceeds its 5-year average (25.4% per year).

Earnings vs Industry: EGEEN earnings growth over the past year (140.2%) exceeded the Auto Components industry 78.9%.

Return on Equity

High ROE: EGEEN's Return on Equity (66.6%) is considered outstanding.

Discover strong past performing companies

Financial Health

How is Ege Endüstri ve Ticaret's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: EGEEN's short term assets (TRY1.3B) exceed its short term liabilities (TRY600.4M).

Long Term Liabilities: EGEEN's short term assets (TRY1.3B) exceed its long term liabilities (TRY147.9M).

Debt to Equity History and Analysis

Debt Level: EGEEN has more cash than its total debt.

Reducing Debt: EGEEN's debt to equity ratio has increased from 13.1% to 16% over the past 5 years.

Debt Coverage: EGEEN's debt is well covered by operating cash flow (45.3%).

Interest Coverage: EGEEN earns more interest than it pays, so coverage of interest payments is not a concern.

Balance Sheet

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Dividend

What is Ege Endüstri ve Ticaret current dividend yield, its reliability and sustainability?

Dividend Score

2/6

Dividend Score 2/6

Notable Dividend
High Dividend
Stable Dividend
Growing Dividend
Earnings Coverage
Cash Flow Coverage

3.13%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: EGEEN's dividend (3.13%) is higher than the bottom 25% of dividend payers in the TR market (0.69%).

High Dividend: EGEEN's dividend (3.13%) is low compared to the top 25% of dividend payers in the TR market (3.3%).

Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, EGEEN has been paying a dividend for less than 10 years.

Growing Dividend: EGEEN's dividend payments have increased, but the company has only paid a dividend for 9 years.

Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (31.3%), EGEEN's dividend payments are well covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (494.5%), EGEEN's dividend payments are not well covered by cash flows.

Discover strong dividend paying companies

Management

How experienced are the management team and are they aligned to shareholders interests?

9.9yrs

Average board tenure

CEO

Ayhan Özel

no data

Tenure

Mr. Ayhan Özel serves as General Manager at Ege Endüstri ve Ticaret A.S.

Board Members

Experienced Board: EGEEN's board of directors are considered experienced (9.9 years average tenure).

Ownership

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.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Data	Last Updated (UTC time)
Company Analysis	2022/08/10 00:00
End of Day Share Price	2022/08/10 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31