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ASEL

Aselsan Elektronik Sanayi ve Ticaret Anonim SirketiIBSE:ASELS Stock Report

Market Cap

₺37.6b

7D

-0.8%

1Y

-5.3%

Updated

27 Oct, 2021

Data

Company Financials +
ASELS fundamental analysis
Snowflake Score
Valuation6/6
Future Growth5/6
Past Performance4/6
Financial Health5/6
Dividends4/6

ASELS Overview

Aselsan Elektronik Sanayi ve Ticaret Anonim Sirketi engages in the research, development, engineering, production, testing, assembly, integration, sale, consultancy, and trading of software, equipment, systems, tools, materials, and platforms.

Aselsan Elektronik Sanayi ve Ticaret Anonim Sirketi Competitors

Apple

NasdaqGS:AAPL

US$2.5t

Alphabet

NasdaqGS:GOOG.L

US$1.9t

Boeing

NYSE:BA

US$121.1b

Airbus

ENXTPA:AIR

€86.4b

Price History & Performance

Summary of all time highs, changes and price drops for Aselsan Elektronik Sanayi ve Ticaret Anonim Sirketi
Historical stock prices
Current Share Price₺16.48
52 Week High₺13.68
52 Week Low₺19.40
Beta0.69
1 Month Change12.72%
3 Month Change6.25%
1 Year Change-5.29%
3 Year Change25.80%
5 Year Change249.89%
Change since IPO45,777,677.78%

Recent News & Updates

Shareholder Returns

ASELSTR Aerospace & DefenseTR Market
7D-0.8%-0.1%4.3%
1Y-5.3%21.6%2.3%

Return vs Industry: ASELS underperformed the TR Aerospace & Defense industry which returned 21.6% over the past year.

Return vs Market: ASELS underperformed the TR Market which returned 2.3% over the past year.

Price Volatility

Is ASELS's price volatile compared to industry and market?
ASELS volatility
ASELS Beta0.69
Industry Beta0.73
Market Beta1

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

Volatility Over Time: ASELS's weekly volatility (3%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19759,644Haluk Gorgunhttps://www.aselsan.com.tr

Aselsan Elektronik Sanayi ve Ticaret Anonim Sirketi engages in the research, development, engineering, production, testing, assembly, integration, sale, consultancy, and trading of software, equipment, systems, tools, materials, and platforms. The company operates through five divisions: Communication and Information Technologies; Radar and Electronic Warfare Systems; Defense Systems Technologies; Microelectronics, Guidance & Electro-Optics; and Transportation, Security, Energy, Automation and Healthcare Systems. It offers satellite ground, mission critical communication, information technology, encryption and cyber security, military communication, military radio, public safety communication, and mobile communication systems; and satellite payloads, space technologies, and air communication system solutions.

Aselsan Elektronik Sanayi ve Ticaret Anonim Sirketi Fundamentals Summary

How do Aselsan Elektronik Sanayi ve Ticaret Anonim Sirketi's earnings and revenue compare to its market cap?
ASELS fundamental statistics
Market Cap₺37.57b
Earnings (TTM)₺5.15b
Revenue (TTM)₺17.85b

7.3x

P/E Ratio

2.1x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ASELS income statement (TTM)
Revenue₺17.85b
Cost of Revenue₺12.22b
Gross Profit₺5.63b
Expenses₺480.08m
Earnings₺5.15b

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)2.26
Gross Margin31.52%
Net Profit Margin28.83%
Debt/Equity Ratio22.1%

How did ASELS perform over the long term?

See historical performance and comparison

Dividends

1.1%

Current Dividend Yield

8%

Payout Ratio

Does ASELS pay a reliable dividends?

See ASELS dividend history and benchmarks
When do you need to buy ASELS by to receive an upcoming dividend?
Aselsan Elektronik Sanayi ve Ticaret Anonim Sirketi dividend dates
Ex Dividend DateNov 19 2021
Dividend Pay DateNov 23 2021
Days until Ex dividend22 days
Days until Dividend pay date26 days

Does ASELS pay a reliable dividends?

See ASELS dividend history and benchmarks

Valuation

Is Aselsan Elektronik Sanayi ve Ticaret Anonim Sirketi undervalued compared to its fair value and its price relative to the market?

21.7%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: ASELS (TRY16.48) is trading below our estimate of fair value (TRY21.06)

Significantly Below Fair Value: ASELS is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: ASELS is good value based on its PE Ratio (7.3x) compared to the Asian Aerospace & Defense industry average (54.5x).

PE vs Market: ASELS is good value based on its PE Ratio (7.3x) compared to the TR market (15.1x).


Price to Earnings Growth Ratio

PEG Ratio: ASELS is good value based on its PEG Ratio (0.4x)


Price to Book Ratio

PB vs Industry: ASELS is good value based on its PB Ratio (1.9x) compared to the XA Aerospace & Defense industry average (3.1x).


Future Growth

How is Aselsan Elektronik Sanayi ve Ticaret Anonim Sirketi forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?

20.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ASELS's forecast earnings growth (20% per year) is above the savings rate (9.1%).

Earnings vs Market: ASELS's earnings (20% per year) are forecast to grow faster than the TR market (12.7% per year).

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

Revenue vs Market: ASELS's revenue (18.2% per year) is forecast to grow faster than the TR market (12.6% per year).

High Growth Revenue: ASELS's revenue (18.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ASELS's Return on Equity is forecast to be high in 3 years time (22.9%)


Past Performance

How has Aselsan Elektronik Sanayi ve Ticaret Anonim Sirketi performed over the past 5 years?

38.4%

Historical annual earnings growth


Earnings and Revenue History

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

Growing Profit Margin: ASELS's current net profit margins (28.8%) are higher than last year (28.3%).


Past Earnings Growth Analysis

Earnings Trend: ASELS's earnings have grown significantly by 38.4% per year over the past 5 years.

Accelerating Growth: ASELS's earnings growth over the past year (33.7%) is below its 5-year average (38.4% per year).

Earnings vs Industry: ASELS earnings growth over the past year (33.7%) exceeded the Aerospace & Defense industry 30.3%.


Return on Equity

High ROE: ASELS's Return on Equity (25.4%) is considered high.


Financial Health

How is Aselsan Elektronik Sanayi ve Ticaret Anonim Sirketi's financial position?


Financial Position Analysis

Short Term Liabilities: ASELS's short term assets (TRY19.3B) exceed its short term liabilities (TRY12.4B).

Long Term Liabilities: ASELS's short term assets (TRY19.3B) exceed its long term liabilities (TRY3.1B).


Debt to Equity History and Analysis

Debt Level: ASELS's debt to equity ratio (22.1%) is considered satisfactory.

Reducing Debt: ASELS's debt to equity ratio has increased from 15.6% to 22.1% over the past 5 years.

Debt Coverage: ASELS's debt is well covered by operating cash flow (48.8%).

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


Balance Sheet


Dividend

What is Aselsan Elektronik Sanayi ve Ticaret Anonim Sirketi current dividend yield, its reliability and sustainability?

1.06%

Current Dividend Yield


Upcoming Dividend Payment

TodayOct 28 2021Ex Dividend DateNov 19 2021Dividend Pay DateNov 23 20214 days from Ex DividendBuy in the next 22 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: ASELS's dividend (1.06%) is higher than the bottom 25% of dividend payers in the TR market (0.78%).

High Dividend: ASELS's dividend (1.06%) is low compared to the top 25% of dividend payers in the TR market (3.33%).


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (7.8%), ASELS's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: ASELS's dividends in 3 years are forecast to be well covered by earnings (16.4% payout ratio).


Next Steps

Management

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

3.1yrs

Average management tenure


CEO

Haluk Gorgun (48 yo)

3.5yrs

Tenure

Prof. Dr. Haluk Görgün has been Chief Executive Officer of Aselsan Elektronik Sanayi ve Ticaret Anonim Sirketi since April 27, 2018 and also its Chairman since April 2018. Prof. Dr. Görgün is the founder d...


Leadership Team

Experienced Management: ASELS's management team is considered experienced (3.1 years average tenure).


Board Members

Experienced Board: ASELS's board of directors are not considered experienced ( 1.3 years average tenure), which suggests a new board.


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

Aselsan Elektronik Sanayi ve Ticaret Anonim Sirketi's employee growth, exchange listings and data sources


Key Information

  • Name: Aselsan Elektronik Sanayi ve Ticaret Anonim Sirketi
  • Ticker: ASELS
  • Exchange: IBSE
  • Founded: 1975
  • Industry: Aerospace and Defense
  • Sector: Capital Goods
  • Market Cap: ₺37.574b
  • Shares outstanding: 2.28b
  • Website: https://www.aselsan.com.tr

Number of Employees


Location

  • Aselsan Elektronik Sanayi ve Ticaret Anonim Sirketi
  • Mehmet Akif Ersoy Mahallesi 296
  • Cadde No: 16
  • Ankara
  • 6200
  • Turkey

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/10/27 21:39
End of Day Share Price2021/10/27 00:00
Earnings2021/06/30
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.