Turkiye Garanti Bankasi
Market Cap
₺34.8b
Last Updated
2020/06/06 20:02 UTC
Data Sources
Company Financials +
Executive Summary
Turkiye Garanti Bankasi A.S. provides various banking products and services.
Rewards
Risk Analysis
Snowflake Analysis
Excellent balance sheet and good value.
Similar Companies
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: GARAN has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
6.0%
GARAN
1.5%
TR Banks
2.7%
TR Market
1 Year Return
-1.3%
GARAN
89.6%
TR Banks
53.1%
TR Market
Return vs Industry: GARAN underperformed the TR Banks industry which returned 89.6% over the past year.
Return vs Market: GARAN underperformed the TR Market which returned 53.1% over the past year.
Shareholder returns
| GARAN | Industry | Market | |
|---|---|---|---|
| 7 Day | 6.0% | 1.5% | 2.7% |
| 30 Day | 3.4% | 2.7% | 9.6% |
| 90 Day | -17.3% | -10.5% | 0.9% |
| 1 Year | -1.3%-1.3% | 89.8%89.6% | 56.9%53.1% |
| 3 Year | -9.9%-13.6% | 48.0%30.6% | 58.6%40.3% |
| 5 Year | 7.6%-1.7% | 88.0%58.8% | 107.0%70.5% |
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
Valuation
Is Turkiye Garanti Bankasi undervalued compared to its fair value and its price relative to the market?
5.72x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: GARAN (TRY8.29) is trading above our estimate of fair value (TRY5.95)
Significantly Below Fair Value: GARAN is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: GARAN is good value based on its PE Ratio (5.7x) compared to the Banks industry average (5.9x).
PE vs Market: GARAN is good value based on its PE Ratio (5.7x) compared to the TR market (15.1x).
Price to Earnings Growth Ratio
PEG Ratio: GARAN is good value based on its PEG Ratio (0.2x)
Price to Book Ratio
PB vs Industry: GARAN is good value based on its PB Ratio (0.1x) compared to the TR Banks industry average (0.5x).
Next Steps
Future Growth
How is Turkiye Garanti Bankasi forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
27.3%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GARAN's forecast earnings growth (27.3% per year) is above the savings rate (9.5%).
Earnings vs Market: GARAN's earnings (27.3% per year) are forecast to grow faster than the TR market (25.9% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: GARAN's revenue (16% per year) is forecast to grow faster than the TR market (14% per year).
High Growth Revenue: GARAN's revenue (16% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GARAN's Return on Equity is forecast to be low in 3 years time (18%).
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Past Performance
How has Turkiye Garanti Bankasi performed over the past 5 years?
12.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GARAN has a high level of non-cash earnings.
Growing Profit Margin: GARAN's current net profit margins (30%) are lower than last year (32.8%).
Past Earnings Growth Analysis
Earnings Trend: GARAN's earnings have grown by 12.5% per year over the past 5 years.
Accelerating Growth: GARAN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: GARAN had negative earnings growth (-4.4%) over the past year, making it difficult to compare to the Banks industry average (1.1%).
Return on Equity
High ROE: GARAN's Return on Equity (11.2%) is considered low.
Next Steps
Financial Health
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
Balance Sheet
Financial Institutions Analysis
Asset Level: GARAN's Assets to Equity ratio (8.3x) is low.
Allowance for Bad Loans: GARAN has a sufficient allowance for bad loans (103%).
Low Risk Liabilities: 74% of GARAN's liabilities are made up of primarily low risk sources of funding.
Loan Level: GARAN has an appropriate level of Loans to Assets ratio (63%).
Low Risk Deposits: GARAN's Loans to Deposits ratio (97%) is appropriate.
Level of Bad Loans: GARAN has a high level of bad loans (6.2%).
Next Steps
Dividend
What is Turkiye Garanti Bankasi's current dividend yield, its reliability and sustainability?
8.96%
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate GARAN's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate GARAN'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 GARAN's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if GARAN's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: GARAN is not paying a notable dividend for the TR market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of GARAN'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?
3.6yrs
Average management tenure
CEO
Recep Bastug (52yo)
0.75
Tenure
Mr. Recep Bastug is Chairman of the Board at Garanti Yatirim Menkul Kiymetler AS since 2020. He has been the President, Chief Executive Officer and Director of Türkiye Garanti Bankasi AS since September 1, ...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 0.75yr | no data | no data | |
| Executive VP of Finance & Treasury | 4.5yrs | no data | no data | |
| Executive Vice President of Corporate | no data | no data | no data | |
| Senior Vice President of Investor Relations Department | no data | no data | no data | |
| Executive Vice President of Legal Services & Collection | 3.58yrs | no data | no data | |
| Head of Compliance | no data | no data | no data | |
| Co-Director for Global Markets | 1.92yrs | no data | no data | |
| Executive VP & Chief Credit Risk Officer | 19.42yrs | 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 |
3.6yrs
Average Tenure
51yo
Average Age
Experienced Management: GARAN's management team is considered experienced (3.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 0.75yr | no data | no data | |
| Director | 17.08yrs | no data | no data | |
| Independent Director | 7.17yrs | no data | no data | |
| Director | 4.92yrs | no data | no data | |
| Director | 16yrs | no data | no data | |
| Chairman of the Board | 22.75yrs | no data | no data | |
| Director | 5.67yrs | no data | no data | |
| Independent Director | 3.08yrs | no data | no data | |
| Director | 3.08yrs | no data | no data | |
| Independent Vice Chairman of the Board | 2.75yrs | no data | no data |
5.3yrs
Average Tenure
55.5yo
Average Age
Experienced Board: GARAN's board of directors are considered experienced (5.3 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
Turkiye Garanti Bankasi A.S.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Turkiye Garanti Bankasi A.S.
- Ticker: GARAN
- Exchange: IBSE
- Founded: 1946
- Industry: Diversified Banks
- Sector: Banks
- Market Cap: ₺34.818b
- Shares outstanding: 4.20b
- Website: https://www.garantibbva.com.tr
Number of Employees
Location
- Turkiye Garanti Bankasi A.S.
- Levent Nispetiye Mah.Aytar Cad.
- No:2 Besiktas
- Istanbul
- 34340
- Turkey
Listings
| 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) | SPON ADR NEW | US | USD | Nov 1993 | |
| TKGB.Y | OTCPK (Pink Sheets LLC) | SPONSORED ADR | US | USD | Sep 2000 |
Biography
Turkiye Garanti Bankasi A.S. provides various banking products and services. It offers current, savings, time and term deposit, ELMA, structured deposit, and gold accounts; and general purpose, auto, revolving, house, discount, SME project, installment, working capital, foreign currency, mortgage, and other loans, as well as spot TL and foreign currency, letters of guarantee and reference, and overdraft accounts. The company also provides various cards; 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 mutual funds, T-bills/government bonds, Eurobonds, repos, equities, dual currency deposit transactions, Turkish derivatives exchange, e-trader, forward transactions, and taxation services; cash management services; and SME specific products, such as support packages, foreign trade financing and legislation, and related services. Further, the company provides leasing, fleet management, factoring, investment and private banking, payment, safety box, and Internet and mobile/SMS banking services. As of December 31, 2019, the company operated 904 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 | 2020/06/06 20:02 |
| End of Day Share Price | 2020/06/05 00:00 |
| Earnings | 2020/03/31 |
| Annual Earnings | 2019/12/31 |
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.