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ALAR

Alarko HoldingIBSE:ALARK Stock Report

Market Cap

₺4.8b

7D

1.3%

1Y

73.7%

Updated

28 Nov, 2021

Data

Company Financials +
ALARK fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance5/6
Financial Health6/6
Dividends4/6

ALARK Stock Overview

Alarko Holding A.S. engages in the contracting, construction, land development, industry, trade, tourism, and energy businesses in Turkey and internationally.

Price History & Performance

Summary of all time highs, changes and price drops for Alarko Holding
Historical stock prices
Current Share Price₺11.10
52 Week High₺12.84
52 Week Low₺6.29
Beta1.05
1 Month Change17.96%
3 Month Change25.71%
1 Year Change73.71%
3 Year Change418.69%
5 Year Change433.52%
Change since IPO499,449.96%

Recent News & Updates

Shareholder Returns

ALARKTR IndustrialsTR Market
7D1.3%9.4%4.4%
1Y73.7%73.0%3.0%

Return vs Industry: ALARK matched the TR Industrials industry which returned 73% over the past year.

Return vs Market: ALARK exceeded the TR Market which returned 3% over the past year.

Price Volatility

Is ALARK's price volatile compared to industry and market?
ALARK volatility
ALARK Average Weekly Movement4.1%
Industrials Industry Average Movement4.2%
Market Average Movement5.2%
10% most volatile stocks in TR Market8.8%
10% least volatile stocks in TR Market3.7%

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

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

About the Company

FoundedEmployeesCEOWebsite
19544,940Umit Yildizhttps://www.alarko.com.tr

Alarko Holding A.S. engages in the contracting, construction, land development, industry, trade, tourism, and energy businesses in Turkey and internationally. It designs, develops, and builds projects, such as airports, rail systems, roads, infrastructure systems, power plants, industrial facilities, business centers, hotels, hospitals, etc. The company also engages in the power generation, and electricity distribution and retail sale in Turkey. In addition, it manufactures air handling units and roof top units under the CARRIER brand; wall-type condensing boilers, condensing combi boilers, and panel radiators, as well as related auxiliary equipment, such as hot water storage tanks, expansion tanks, unit heaters, plate exchangers, and radiator valves under the Alarko brand; and submersible pumps and motors, circulation pumps, and water booster pumps under the Alarko brand.

Alarko Holding Fundamentals Summary


Earnings & Revenue

Key profitability statistics from the latest earnings report
ALARK income statement (TTM)
Revenue₺1.54b
Cost of Revenue₺1.18b
Gross Profit₺361.20m
Expenses-₺677.77m
Earnings₺1.04b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.39
Gross Margin23.49%
Net Profit Margin67.56%
Debt/Equity Ratio4.1%

How did ALARK perform over the long term?

See historical performance and comparison

Dividends

1.2%

Current Dividend Yield

6%

Payout Ratio

Valuation

Is Alarko Holding undervalued compared to its fair value and its price relative to the market?

4.65x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: ALARK (TRY11.1) is trading above our estimate of fair value (TRY2.62)

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


Price To Earnings Ratio

PE vs Industry: ALARK is good value based on its PE Ratio (4.6x) compared to the TR Industrials industry average (8.6x).

PE vs Market: ALARK is good value based on its PE Ratio (4.6x) compared to the TR market (14.6x).


Price to Earnings Growth Ratio

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


Price to Book Ratio

PB vs Industry: ALARK is overvalued based on its PB Ratio (1.8x) compared to the TR Industrials industry average (1.3x).


Future Growth

How is Alarko Holding forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

13.6%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if ALARK's forecast earnings growth is above the savings rate (9.1%).

Earnings vs Market: Insufficient data to determine if ALARK's earnings are forecast to grow faster than the TR market

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

Revenue vs Market: ALARK's revenue (13.6% per year) is forecast to grow slower than the TR market (13.8% per year).

High Growth Revenue: ALARK's revenue (13.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ALARK's Return on Equity is forecast to be high in 3 years time (33.6%)


Past Performance

How has Alarko Holding performed over the past 5 years?

49.4%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: ALARK's current net profit margins (67.6%) are higher than last year (28.4%).


Past Earnings Growth Analysis

Earnings Trend: ALARK's earnings have grown significantly by 49.4% per year over the past 5 years.

Accelerating Growth: ALARK's earnings growth over the past year (239.7%) exceeds its 5-year average (49.4% per year).

Earnings vs Industry: ALARK earnings growth over the past year (239.7%) exceeded the Industrials industry 80.3%.


Return on Equity

High ROE: ALARK's Return on Equity (33.7%) is considered high.


Financial Health

How is Alarko Holding's financial position?


Financial Position Analysis

Short Term Liabilities: ALARK's short term assets (TRY2.1B) exceed its short term liabilities (TRY1.1B).

Long Term Liabilities: ALARK's short term assets (TRY2.1B) exceed its long term liabilities (TRY398.2M).


Debt to Equity History and Analysis

Debt Level: ALARK has more cash than its total debt.

Reducing Debt: ALARK's debt to equity ratio has reduced from 26.6% to 4.1% over the past 5 years.

Debt Coverage: ALARK's debt is well covered by operating cash flow (75.3%).

Interest Coverage: ALARK earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Dividend

What is Alarko Holding current dividend yield, its reliability and sustainability?

1.24%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: ALARK's dividend (1.24%) is higher than the bottom 25% of dividend payers in the TR market (0.74%).

High Dividend: ALARK's dividend (1.24%) is low compared to the top 25% of dividend payers in the TR market (2.87%).


Stability and Growth of Payments

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

Growing Dividend: ALARK's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (5.8%), ALARK's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ALARK's dividends in 3 years are forecast to be thoroughly covered by earnings (11.9% payout ratio).


Next Steps

Management

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

6.8yrs

Average board tenure


CEO

Umit Yildiz (55 yo)

2.83yrs

Tenure

Mr. Umit Nuri Yildiz serves as Chief Executive Officer of Alarko Holding A.S. since 2021 & Director since September 2020 and served as its General Manager from 2019 until 2021. Mr. Yildiz was Senior Vice P...


Board Members

Experienced Board: ALARK's board of directors are considered experienced (6.8 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

Alarko Holding A.S.'s employee growth, exchange listings and data sources


Key Information

  • Name: Alarko Holding A.S.
  • Ticker: ALARK
  • Exchange: IBSE
  • Founded: 1954
  • Industry: Industrial Conglomerates
  • Sector: Capital Goods
  • Market Cap: ₺4.828b
  • Shares outstanding: 435.00m
  • Website: https://www.alarko.com.tr

Number of Employees


Location

  • Alarko Holding A.S.
  • Muallim Naci Cad. No. 69
  • OrtakOey
  • Istanbul
  • 34347
  • Turkey

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/28 17:00
End of Day Share Price2021/11/26 00:00
Earnings2021/09/30
Annual Earnings2020/12/31


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.