IBSE:AKBNK

Stock Analysis Report

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Executive Summary

Akbank T.A.S. provides various banking products and services. More Details


Snowflake Analysis

Adequate balance sheet and fair value.


Similar Companies

Share Price & News

How has Akbank T.A.S's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: AKBNK has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

5.0%

AKBNK

0.8%

TR Banks

2.5%

TR Market


1 Year Return

-24.7%

AKBNK

71.6%

TR Banks

63.8%

TR Market

Return vs Industry: AKBNK underperformed the TR Banks industry which returned 74.1% over the past year.

Return vs Market: AKBNK underperformed the TR Market which returned 67.5% over the past year.


Shareholder returns

AKBNKIndustryMarket
7 Day5.0%0.8%2.5%
30 Day14.8%7.0%12.6%
90 Day-6.6%14.3%9.7%
1 Year-24.7%-24.7%71.8%71.6%68.7%63.8%
3 Year-32.8%-44.8%76.0%56.8%84.2%61.1%
5 Year-6.8%-26.8%140.5%106.0%169.7%123.4%

Price Volatility Vs. Market

How volatile is Akbank T.A.S's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Akbank T.A.S undervalued compared to its fair value and its price relative to the market?

5.06x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: AKBNK (TRY5.42) is trading above our estimate of fair value (TRY2.42)

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


Price To Earnings Ratio

PE vs Industry: AKBNK is good value based on its PE Ratio (5.1x) compared to the TR Banks industry average (5.4x).

PE vs Market: AKBNK is good value based on its PE Ratio (5.1x) compared to the TR market (23.6x).


Price to Earnings Growth Ratio

PEG Ratio: AKBNK is good value based on its PEG Ratio (0.2x)


Price to Book Ratio

PB vs Industry: AKBNK's PB Ratio (0.5x) is in line with the TR Banks industry average.


Next Steps

Future Growth

How is Akbank T.A.S forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

21.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AKBNK's forecast earnings growth (21.1% per year) is above the savings rate (9.5%).

Earnings vs Market: AKBNK's earnings (21.1% per year) are forecast to grow slower than the TR market (26.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AKBNK's revenue (14.5% per year) is forecast to grow slower than the TR market (14.7% per year).

High Growth Revenue: AKBNK's revenue (14.5% 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 (15.1%).


Next Steps

Past Performance

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

9.0%

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 (33.2%) are lower than last year (37%).


Past Earnings Growth Analysis

Earnings Trend: AKBNK's earnings have grown by 9% per year over the past 5 years.

Accelerating Growth: AKBNK's earnings growth over the past year (9.3%) exceeds its 5-year average (9% per year).

Earnings vs Industry: AKBNK earnings growth over the past year (9.3%) underperformed the Banks industry 17.3%.


Return on Equity

High ROE: AKBNK's Return on Equity (9.7%) is considered low.


Next Steps

Financial Health

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


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Asset Level: AKBNK's Assets to Equity ratio (7.7x) is low.

Allowance for Bad Loans: AKBNK has a low allowance for bad loans (94%).

Low Risk Liabilities: 67% 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 (55%).

Low Risk Deposits: AKBNK's Loans to Deposits ratio (94%) is appropriate.

Level of Bad Loans: AKBNK has a high level of bad loans (6.3%).


Next Steps

Dividend

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

4.50%

Forecast Dividend Yield


Dividend Yield vs Market

Notable Dividend: Unable to evaluate AKBNK's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate AKBNK's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if AKBNK's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if AKBNK's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: AKBNK is not paying a notable dividend for the TR market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of AKBNK's dividend in 3 years as they are not forecast to pay a notable one for the TR market.


Next Steps

Management

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

3.8yrs

Average management tenure


CEO

Sabri Binbasgil (60 yo)

8.75yrs

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. Mr. Binbasgil served as the Deputy Chief Executi ...


Leadership Team

NamePositionTenureCompensationOwnership
Sabri Binbasgil
CEO, Director & Member of International Advisory Board8.75yrsno datano data
Eyüp Engin
Vice Chairman0.58yrno datano data
Erol Sabanci
Honorary Chairman & Consultant12.58yrsno datano data
Türker Tunali
Chief Financial Officer3yrsno datano data
N. Altintas
Executive Vice President of Technology & Operations3.75yrsno datano data
Levent Çelebioglu
Executive Vice President of Corporate & Investment Banking5.42yrsno datano data
Josh Ellis
Chief Information Risk Officer3.33yrsno datano data
Kamile Ebru GÜVENIR
Senior Vice President of Investor Relations & Sustainabilityno datano datano data
Zakir Önal
Head of Compliance1.5yrsno datano data
Pinar Anapa
Executive Vice President of People & Culture1.33yrsno datano data
Ahmet Ayla
Executive Board Member & Member of International Advisory Board2yrsno datano data
Derya Bigali
Head of Akbank Art Centerno datano datano data

3.8yrs

Average Tenure

58.5yo

Average Age

Experienced Management: AKBNK's management team is considered experienced (3.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Sabri Binbasgil
CEO, Director & Member of International Advisory Board8.75yrsno datano data
Eyüp Engin
Vice Chairman0.58yrno datano data
Erol Sabanci
Honorary Chairman & Consultant12.58yrsno datano data
Ahmet Ayla
Executive Board Member & Member of International Advisory Board2yrsno datano data
Michael Klein
Member of International Advisory Boardno datano datano data
Hamid Biglari
Member of International Advisory Boardno datano datano data
Winfried Bischoff
Member of International Advisory Boardno datano datano data
Lubna Al-Olayan
Member of International Advisory Boardno datano datano data
Sakir Törüner
Independent Director22.58yrsno datano data
Ismail Günter
Independent Director6.58yrsno datano data
Suzan Sabanci Dinçer
Chairman & Chairman of International Advisory Board12.58yrsno data0.63%
TRY 176.6m
Emre Derman
Board Member5.58yrsno datano data

6.6yrs

Average Tenure

60.5yo

Average Age

Experienced Board: AKBNK's board of directors are considered experienced (6.6 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 company bio, 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
  • Market Cap: ₺28.028b
  • 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

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AKBNKIBSE (Borsa Istanbul (BIST))YesCommon StockTRTRYDec 1990
AKBT.YOTCPK (Pink Sheets LLC)ADRUSUSDJan 2005
AKB2DB (Deutsche Boerse AG)ADRDEEURJan 2005

Biography

Akbank T.A.S. provides various banking products and services. It operates through three segments: Retail Banking; Commercial Banking, SME Banking, and Corporate-Investment and Private Banking; and Treasury ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 16:32
End of Day Share Price2020/10/21 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.