company background image
ICBC

ICBC Turkey Bank IBSE:ICBCT Stock Report

Last Price

₺4.86

Market Cap

₺4.2b

7D

-4.9%

1Y

-8.1%

Updated

01 Jul, 2022

Data

Company Financials
ICBCT fundamental analysis
Snowflake Score
Valuation0/6
Future Growth0/6
Past Performance4/6
Financial Health3/6
Dividends0/6

ICBCT Stock Overview

ICBC Turkey Bank A.S., together with its subsidiaries, provides various banking products and services in Turkey.

ICBC Turkey Bank Competitors

Price History & Performance

Summary of all time highs, changes and price drops for ICBC Turkey Bank
Historical stock prices
Current Share Price₺4.86
52 Week High₺6.54
52 Week Low₺4.48
Beta0.84
1 Month Change-2.02%
3 Month Change-3.76%
1 Year Change-8.13%
3 Year Change35.00%
5 Year Change59.34%
Change since IPO3,944.14%

Recent News & Updates

Shareholder Returns

ICBCTTR BanksTR Market
7D-4.9%-5.3%-4.5%
1Y-8.1%23.1%54.7%

Return vs Industry: ICBCT underperformed the TR Banks industry which returned 23.1% over the past year.

Return vs Market: ICBCT underperformed the TR Market which returned 54.7% over the past year.

Price Volatility

Is ICBCT's price volatile compared to industry and market?
ICBCT volatility
ICBCT Average Weekly Movement3.5%
Banks Industry Average Movement6.1%
Market Average Movement6.1%
10% most volatile stocks in TR Market8.7%
10% least volatile stocks in TR Market4.2%

Stable Share Price: ICBCT is less volatile than 75% of TR stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: ICBCT's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1985843Shaoxiong Xiehttps://www.icbc.com.tr

ICBC Turkey Bank A.S., together with its subsidiaries, provides various banking products and services in Turkey. The company’s corporate and commercial banking products include spot, rotating, discount-purchase, foreign currency indexed, and equal installment loans; Eximbank loans; foreign credits, including working capital, export credit agencies, and pre-export financing loans; and non-cash loans, such as letters of guarantee, import loans, letters of credit, acceptance/aval loans, export loans, and letters of reference, as well as risk management, trade finance and RMB, cash management, and insurance services. It also provides retail banking products and services comprising demand deposit, time-deposit, overdraft, fund deposit, E-deposit, and automatic fund saving accounts; consumer loans, such as cash, car, and housing loans; credit cards; money transfer and payment services; safe deposit boxes; insurance services; online banking services; and individual pension systems and life insurances.

ICBC Turkey Bank Fundamentals Summary

How do ICBC Turkey Bank's earnings and revenue compare to its market cap?
ICBCT fundamental statistics
Market Cap₺4.15b
Earnings (TTM)₺477.78m
Revenue (TTM)₺1.51b

8.7x

P/E Ratio

2.1x

P/B Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ICBCT income statement (TTM)
Revenue₺1.51b
Cost of Revenue₺23.08m
Gross Profit₺1.49b
Other Expenses₺1.01b
Earnings₺477.78m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)0.56
Gross Margin98.47%
Net Profit Margin31.62%
Debt/Equity Ratio947.4%

How did ICBCT perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

0/6

Valuation Score 0/6

  • 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 ICBCT?

Other financial metrics that can be useful for relative valuation.

ICBCT 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 Ration/a

Price to Earnings Ratio vs Peers

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

ICBCT PE Ratio vs Peers
The above table shows the PE ratio for ICBCT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average3.8x
SKBNK Sekerbank T.A.S
2.5xn/a₺1.9b
ALBRK Albaraka Türk Katilim Bankasi
4.6x24.0%₺1.7b
SAHOL Haci Ömer Sabanci Holding
2.1x-0.9%₺38.6b
HALKB Türkiye Halk Bankasi
6.1x11.5%₺24.3b
ICBCT ICBC Turkey Bank
8.7xn/a₺4.2b

Price-To-Earnings vs Peers: ICBCT is expensive based on its Price-To-Earnings Ratio (8.7x) compared to the peer average (3.8x).


Price to Earnings Ratio vs Industry

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

Price-To-Earnings vs Industry: ICBCT is expensive based on its Price-To-Earnings Ratio (8.7x) compared to the TR Banks industry average (3.2x)


Price to Earnings Ratio vs Fair Ratio

What is ICBCT'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.

ICBCT PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.7x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: Insufficient data to calculate ICBCT's fair value for valuation analysis.

Significantly Below Fair Value: Insufficient data to calculate ICBCT's fair value for valuation analysis.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate ICBCT's PEG Ratio to determine if it is good value.


Discover undervalued companies

Future Growth

How is ICBC Turkey Bank 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


0.5%

Forecasted Banks 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 ICBC Turkey Bank 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.


Discover growth companies

Past Performance

How has ICBC Turkey Bank 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


36.6%

Historical annual earnings growth

Earnings and Revenue History

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

Growing Profit Margin: ICBCT's current net profit margins (31.6%) are higher than last year (14.4%).


Past Earnings Growth Analysis

Earnings Trend: ICBCT's earnings have grown significantly by 36.6% per year over the past 5 years.

Accelerating Growth: ICBCT's earnings growth over the past year (394.3%) exceeds its 5-year average (36.6% per year).

Earnings vs Industry: ICBCT earnings growth over the past year (394.3%) exceeded the Banks industry 159.8%.


Return on Equity

High ROE: Whilst ICBCT's Return on Equity (23.9%) is high, this metric is skewed due to their high level of debt.


Discover strong past performing companies

Financial Health

How is ICBC Turkey Bank's financial position? (This company is analysed differently as a bank or financial institution)

Financial Health Score

3/6

Financial Health Score 3/6

  • 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: ICBCT's Assets to Equity ratio (23.3x) is very high.

Allowance for Bad Loans: Insufficient data to determine if ICBCT has a sufficient allowance for bad loans.

Low Risk Liabilities: 54% of ICBCT's liabilities are made up of primarily low risk sources of funding.

Loan Level: ICBCT has an appropriate level of Loans to Assets ratio (37%).

Low Risk Deposits: ICBCT's Loans to Deposits ratio (72%) is appropriate.

Level of Bad Loans: Insufficient data to determine if ICBCT has an appropriate level of bad loans.


Discover healthy companies

Dividend

What is ICBC Turkey Bank current dividend yield, its reliability and sustainability?

Dividend Score

0/6

Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage

Dividend Yield vs Market

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

High Dividend: Unable to evaluate ICBCT'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 ICBCT's dividends per share have been stable in the past.

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


Current Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

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


Discover strong dividend paying companies

Management

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

3.8yrs

Average management tenure


CEO

Shaoxiong Xie

3.58yrs

Tenure

Mr. Shaoxiong Xie is the Managing Director, Chief Executive Officer and Director of Industrial and Commercial Bank of China (Malaysia) Berhad since January 19, 2022. He has been the General Manager and Dir...


Leadership Team

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


Board Members

Experienced Board: ICBCT's board of directors are considered experienced (6.3 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

ICBC Turkey Bank A.S.'s employee growth, exchange listings and data sources


Key Information

  • Name: ICBC Turkey Bank A.S.
  • Ticker: ICBCT
  • Exchange: IBSE
  • Founded: 1985
  • Industry: Diversified Banks
  • Sector: Banks
  • Implied Market Cap: ₺4.154b
  • Shares outstanding: 860.00m
  • Website: https://www.icbc.com.tr

Number of Employees


Location

  • ICBC Turkey Bank A.S.
  • Maslak Mah. Dereboyu/2 Caddesi No: 13
  • Sariyer
  • Istanbul
  • 34398
  • Turkey

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/01 00:00
End of Day Share Price2022/07/01 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.