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AKBN

Akbank T.A.S IBSE:AKBNK Stock Report

Last Price

₺7.80

Market Cap

₺40.6b

7D

-2.7%

1Y

45.0%

Updated

05 Jul, 2022

Data

Company Financials +
AKBNK fundamental analysis
Snowflake Score
Valuation6/6
Future Growth0/6
Past Performance3/6
Financial Health5/6
Dividends3/6

AKBNK Stock Overview

Akbank T.A.S., together with its subsidiaries, provides various banking products and services in Turkey and internationally.

Akbank T.A.S Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Akbank T.A.S
Historical stock prices
Current Share Price₺7.80
52 Week High₺9.65
52 Week Low₺5.07
Beta0.85
1 Month Change-14.29%
3 Month Change-2.99%
1 Year Change44.98%
3 Year Change3.59%
5 Year Change-24.86%
Change since IPO169,871.67%

Recent News & Updates

Shareholder Returns

AKBNKTR BanksTR Market
7D-2.7%-1.8%-1.6%
1Y45.0%18.1%50.3%

Return vs Industry: AKBNK exceeded the TR Banks industry which returned 20.6% over the past year.

Return vs Market: AKBNK underperformed the TR Market which returned 53.1% over the past year.

Price Volatility

Is AKBNK's price volatile compared to industry and market?
AKBNK volatility
AKBNK Average Weekly Movement6.0%
Banks Industry Average Movement6.0%
Market Average Movement6.0%
10% most volatile stocks in TR Market8.8%
10% least volatile stocks in TR Market4.2%

Stable Share Price: AKBNK is not significantly more volatile than the rest of TR stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: AKBNK's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
194812,653Sabri Binbasgilhttps://www.akbank.com

Akbank T.A.S., together with its subsidiaries, provides various banking products and services in Turkey and internationally. It operates through: Retail Banking; Commercial Banking, SME Banking, Corporate-Investment and Private Banking; and Treasury segments. The company’s retail banking services comprise deposit accounts, retail loans, commercial installment loans, credit cards, insurance products, and asset management services, as well as bank cards, investment funds trading, automatic payment, foreign currency trading, safe deposit box rental, cheques, money transfer, investment banking, and telephone and internet banking.

Akbank T.A.S Fundamentals Summary

How do Akbank T.A.S's earnings and revenue compare to its market cap?
AKBNK fundamental statistics
Market Cap₺40.56b
Earnings (TTM)₺18.15b
Revenue (TTM)₺44.69b

2.2x

P/E Ratio

0.4x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AKBNK income statement (TTM)
Revenue₺44.69b
Cost of Revenue₺79.92m
Gross Profit₺44.61b
Other Expenses₺26.46b
Earnings₺18.15b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Jul 27, 2022

Earnings per share (EPS)3.49
Gross Margin99.82%
Net Profit Margin40.61%
Debt/Equity Ratio214.1%

How did AKBNK perform over the long term?

See historical performance and comparison

Dividends

1.5%

Current Dividend Yield

3%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

6/6

Valuation Score 6/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

AKBNK 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/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ratio0.3x

Price to Earnings Ratio vs Peers

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

AKBNK PE Ratio vs Peers
The above table shows the PE ratio for AKBNK vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average2.3x
SAHOL Haci Ömer Sabanci Holding
2x-0.9%₺37.0b
YKBNK Yapi ve Kredi Bankasi
2.2x-3.1%₺35.2b
ISCTR Türkiye Is Bankasi
2.2xn/a₺52.0b
GARAN Turkiye Garanti Bankasi
3.1x-3.2%₺56.6b
AKBNK Akbank T.A.S
2.2x6.6%₺40.6b

Price-To-Earnings vs Peers: AKBNK is good value based on its Price-To-Earnings Ratio (2.2x) compared to the peer average (2.3x).


Price to Earnings Ratio vs Industry

How does AKBNK's PE Ratio compare vs other companies in the Asian Banks Industry?

Price-To-Earnings vs Industry: AKBNK is good value based on its Price-To-Earnings Ratio (2.2x) compared to the TR Banks industry average (3.1x)


Price to Earnings Ratio vs Fair Ratio

What is AKBNK'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.

AKBNK PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio2.2x
Fair PE Ratio4.8x

Price-To-Earnings vs Fair Ratio: AKBNK is good value based on its Price-To-Earnings Ratio (2.2x) compared to the estimated Fair Price-To-Earnings Ratio (4.8x).


Share Price vs Fair Value

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

Below Fair Value: AKBNK (TRY7.8) is trading below our estimate of fair value (TRY34.28)

Significantly Below Fair Value: AKBNK is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: AKBNK is good value based on its PEG Ratio (0.3x)


Discover undervalued companies

Future Growth

How is Akbank T.A.S forecast to perform in the next 1 to 3 years based on estimates from 11 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


6.6%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AKBNK's forecast earnings growth (6.6% per year) is below the savings rate (8.9%).

Earnings vs Market: AKBNK's earnings (6.6% per year) are forecast to grow slower than the TR market (17.4% per year).

High Growth Earnings: AKBNK's earnings are forecast to grow, but not significantly.

Revenue vs Market: AKBNK's revenue (6.2% per year) is forecast to grow slower than the TR market (14.7% per year).

High Growth Revenue: AKBNK's revenue (6.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AKBNK's Return on Equity is forecast to be low in 3 years time (19.3%).


Discover growth companies

Past Performance

How has Akbank T.A.S performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


17.4%

Historical annual earnings growth

Earnings and Revenue History

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

Growing Profit Margin: AKBNK's current net profit margins (40.6%) are higher than last year (35.1%).


Past Earnings Growth Analysis

Earnings Trend: AKBNK's earnings have grown by 17.4% per year over the past 5 years.

Accelerating Growth: AKBNK's earnings growth over the past year (159.8%) exceeds its 5-year average (17.4% per year).

Earnings vs Industry: AKBNK earnings growth over the past year (159.8%) underperformed the Banks industry 159.8%.


Return on Equity

High ROE: Whilst AKBNK's Return on Equity (20.02%) is high, this metric is skewed due to their high level of debt.


Discover strong past performing companies

Financial Health

How is Akbank T.A.S's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

5/6

Financial Health Score 5/6

  • Asset Level

  • Allowance for Bad Loans

  • Low Risk Liabilities

  • Loan Level

  • Low Risk Deposits

  • Level of Bad Loans

Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: AKBNK's Assets to Equity ratio (9.4x) is low.

Allowance for Bad Loans: AKBNK has a sufficient allowance for bad loans (106%).

Low Risk Liabilities: 68% of AKBNK's liabilities are made up of primarily low risk sources of funding.

Loan Level: AKBNK has an appropriate level of Loans to Assets ratio (53%).

Low Risk Deposits: AKBNK's Loans to Deposits ratio (88%) is appropriate.

Level of Bad Loans: AKBNK has a high level of bad loans (4%).


Discover healthy companies

Dividend

What is Akbank T.A.S current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


1.54%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: AKBNK's dividend (1.54%) is higher than the bottom 25% of dividend payers in the TR market (0.7%).

High Dividend: AKBNK's dividend (1.54%) is low compared to the top 25% of dividend payers in the TR market (3.72%).


Stability and Growth of Payments

Stable Dividend: AKBNK's dividend payments have been volatile in the past 10 years.

Growing Dividend: AKBNK's dividend payments have fallen over the past 10 years.


Current Payout to Shareholders

Earnings Coverage: With its low payout ratio (2.9%), AKBNK's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: AKBNK's dividends in 3 years are forecast to be well covered by earnings (20.5% payout ratio).


Discover strong dividend paying companies

Management

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

9.0yrs

Average management tenure


CEO

Sabri Binbasgil (62 yo)

10.5yrs

Tenure

Mr. Sabri Hakan Binbasgil has been the Chief Executive Officer at Akbank T.A.S. since January 2012 and serves as its Member of International Advisory Board and General Manager. Mr. Binbasgil served as the...


Leadership Team

Experienced Management: AKBNK's management team is seasoned and experienced (9 years average tenure).


Board Members

Experienced Board: AKBNK's board of directors are seasoned and experienced ( 10.5 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.


Top Shareholders

Company Information

Akbank T.A.S.'s employee growth, exchange listings and data sources


Key Information

  • Name: Akbank T.A.S.
  • Ticker: AKBNK
  • Exchange: IBSE
  • Founded: 1948
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: ₺40.560b
  • Shares outstanding: 5.20b
  • Website: https://www.akbank.com

Number of Employees


Location

  • Akbank T.A.S.
  • Sabanci Center
  • 4.Levent
  • Istanbul
  • 34330
  • Turkey

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/05 00:00
End of Day Share Price2022/07/05 00:00
Earnings2022/03/31
Annual Earnings2021/12/31


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.