Turkiye Garanti Bankasi A.S.

IBSE:GARAN Stock Report

Market Cap: ₺550.2b

Turkiye Garanti Bankasi Past Earnings Performance

Past criteria checks 3/6

Turkiye Garanti Bankasi has been growing earnings at an average annual rate of 56.1%, while the Banks industry saw earnings growing at 51.9% annually. Revenues have been growing at an average rate of 50.2% per year. Turkiye Garanti Bankasi's return on equity is 31.7%, and it has net margins of 45.7%.

Key information

56.1%

Earnings growth rate

56.1%

EPS growth rate

Banks Industry Growth60.1%
Revenue growth rate50.2%
Return on equity31.7%
Net Margin45.7%
Next Earnings Update29 Jan 2025

Recent past performance updates

Recent updates

Revenue & Expenses Breakdown

How Turkiye Garanti Bankasi makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

IBSE:GARAN Revenue, expenses and earnings (TRY Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
30 Sep 24208,89395,42937,7010
30 Jun 24197,40896,94633,0610
31 Mar 24179,87293,29928,2280
31 Dec 23160,15986,37522,5120
30 Sep 23146,66076,93318,6790
30 Jun 23131,76570,78515,5640
31 Mar 23119,09065,43613,0540
31 Dec 22106,96358,28510,8740
30 Sep 2286,17742,6109,9960
30 Jun 2264,82828,8908,4460
31 Mar 2250,43119,0177,4050
31 Dec 2140,58613,4676,5350
30 Sep 2129,38610,8996,9170
30 Jun 2127,0029,0226,6030
31 Mar 2125,2087,6596,4240
31 Dec 2023,4596,6566,1360
30 Sep 2023,6666,4104,6830
30 Jun 2020,3695,8324,6330
31 Mar 2019,1146,0914,5000
31 Dec 1918,1486,1654,5490
30 Sep 1918,9485,9834,1410
30 Jun 1919,6446,3694,4870
31 Mar 1919,4226,3724,4570
31 Dec 1819,0946,6424,4050
30 Sep 1817,4676,9071,0300
30 Jun 1817,3997,1602,4100
31 Mar 1816,5346,8037290
31 Dec 1715,9616,3326720
30 Sep 1716,3066,2204,3080
30 Jun 1714,6875,5961,5390
31 Mar 1714,4965,5953,0840
31 Dec 1613,5185,1053,8660
30 Sep 1612,8534,8563,7590
30 Jun 1612,1024,1624,6450
31 Mar 1611,4713,7513,6740
31 Dec 1511,2363,5813,4230
30 Sep 1510,8353,4433,2680
30 Jun 1510,9003,7952,3830
31 Mar 1510,5043,6354,5950
31 Dec 1410,1543,6472,9820
30 Sep 149,4333,1622,8180
30 Jun 148,9082,9043,5180
31 Mar 148,8153,0141,9750
31 Dec 139,1623,3142,6310

Quality Earnings: GARAN has high quality earnings.

Growing Profit Margin: GARAN's current net profit margins (45.7%) are lower than last year (52.5%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: GARAN's earnings have grown significantly by 56.1% per year over the past 5 years.

Accelerating Growth: GARAN's earnings growth over the past year (24%) is below its 5-year average (56.1% per year).

Earnings vs Industry: GARAN earnings growth over the past year (24%) exceeded the Banks industry 13.4%.

Return on Equity

High ROE: Whilst GARAN's Return on Equity (31.67%) is high, this metric is skewed due to their high level of debt.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 02:52
End of Day Share Price 2024/12/26 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Turkiye Garanti Bankasi A.S. is covered by 41 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
null nullAta Invest
Cristina MarzeaBarclays
Cagdas DoganBNP Paribas Securities (Asia)