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EGSE

Ege Seramik Sanayi ve Ticaret IBSE:EGSER Stock Report

Last Price

₺33.72

Market Cap

₺2.4b

7D

11.4%

1Y

137.5%

Updated

11 Aug, 2022

Data

Company Financials
EGSER fundamental analysis
Snowflake Score
Valuation3/6
Future Growth0/6
Past Performance4/6
Financial Health5/6
Dividends3/6

EGSER Stock Overview

Ege Seramik Sanayi ve Ticaret A.S. produces and sells ceramic floor and wall tiles in Turkey and internationally.

Ege Seramik Sanayi ve Ticaret Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Ege Seramik Sanayi ve Ticaret
Historical stock prices
Current Share Price₺33.72
52 Week High₺33.34
52 Week Low₺12.18
Beta0.93
1 Month Change25.35%
3 Month Change37.19%
1 Year Change137.47%
3 Year Change1,104.29%
5 Year Change598.14%
Change since IPO34,903.58%

Recent News & Updates

Shareholder Returns

EGSERTR BuildingTR Market
7D11.4%2.9%2.9%
1Y137.5%95.3%76.8%

Return vs Industry: EGSER exceeded the TR Building industry which returned 95.3% over the past year.

Return vs Market: EGSER exceeded the TR Market which returned 76.8% over the past year.

Price Volatility

Is EGSER's price volatile compared to industry and market?
EGSER volatility
EGSER Average Weekly Movement6.7%
Building Industry Average Movement5.8%
Market Average Movement5.9%
10% most volatile stocks in TR Market8.9%
10% least volatile stocks in TR Market4.1%

Stable Share Price: EGSER is not significantly more volatile than the rest of TR stocks over the past 3 months, typically moving +/- 7% a week.

Volatility Over Time: EGSER's weekly volatility (7%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19721,164Goksen Yedigullerhttps://www.egeseramik.com

Ege Seramik Sanayi ve Ticaret A.S. produces and sells ceramic floor and wall tiles in Turkey and internationally. The company also provides glazed porcelain. Its products are used in domestic spaces, home outdoors, and commercial/heavy use applications.

Ege Seramik Sanayi ve Ticaret Fundamentals Summary

How do Ege Seramik Sanayi ve Ticaret's earnings and revenue compare to its market cap?
EGSER fundamental statistics
Market Cap₺2.39b
Earnings (TTM)₺448.43m
Revenue (TTM)₺1.75b

5.6x

P/E Ratio

1.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
EGSER income statement (TTM)
Revenue₺1.75b
Cost of Revenue₺1.14b
Gross Profit₺611.53m
Other Expenses₺163.10m
Earnings₺448.43m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)5.98
Gross Margin34.95%
Net Profit Margin25.63%
Debt/Equity Ratio19.7%

How did EGSER perform over the long term?

See historical performance and comparison

Dividends

6.7%

Current Dividend Yield

38%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for EGSER?

Other financial metrics that can be useful for relative valuation.

EGSER 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/Revenue1.4x
Enterprise Value/EBITDA4.8x
PEG Ration/a

Price to Earnings Ratio vs Peers

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

EGSER PE Ratio vs Peers
The above table shows the PE ratio for EGSER vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average8.4x
EGPRO Ege Profil Ticaret ve Sanayi Anonim Sirketi
8.4xn/a₺3.0b
CUSAN Cuhadaroglu Metal Sanayi ve Pazarlama
6.6xn/a₺793.7m
USAK Usak Seramik Sanayi
8.4xn/a₺730.1m
QUAGR QUA Granite Hayal Yapi ve Ürünleri Sanayi Ticaret
10.3xn/a₺7.6b
EGSER Ege Seramik Sanayi ve Ticaret
5.6xn/a₺2.4b

Price-To-Earnings vs Peers: EGSER is good value based on its Price-To-Earnings Ratio (5.6x) compared to the peer average (8.4x).


Price to Earnings Ratio vs Industry

How does EGSER's PE Ratio compare vs other companies in the Asian Building Industry?

Price-To-Earnings vs Industry: EGSER is good value based on its Price-To-Earnings Ratio (5.6x) compared to the TR Building industry average (8.4x)


Price to Earnings Ratio vs Fair Ratio

What is EGSER'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.

EGSER PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.6x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: EGSER (TRY33.72) is trading below our estimate of fair value (TRY38.11)

Significantly Below Fair Value: EGSER is trading below fair value, but not by a significant amount.


Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.


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Future Growth

How is Ege Seramik Sanayi ve Ticaret 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


15.3%

Forecasted Capital Goods 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 Ege Seramik Sanayi ve Ticaret 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.


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  • Examine whether Ege Seramik Sanayi ve Ticaret is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.

Past Performance

How has Ege Seramik Sanayi ve Ticaret 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


51.2%

Historical annual earnings growth

Earnings and Revenue History

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

Growing Profit Margin: EGSER's current net profit margins (25.6%) are higher than last year (21.1%).


Past Earnings Growth Analysis

Earnings Trend: EGSER's earnings have grown significantly by 51.2% per year over the past 5 years.

Accelerating Growth: EGSER's earnings growth over the past year (167.3%) exceeds its 5-year average (51.2% per year).

Earnings vs Industry: EGSER earnings growth over the past year (167.3%) underperformed the Building industry 214.2%.


Return on Equity

High ROE: EGSER's Return on Equity (64.7%) is considered outstanding.


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Financial Health

How is Ege Seramik Sanayi ve Ticaret's financial position?

Financial Health Score

5/6

Financial Health Score 5/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: EGSER's short term assets (TRY1.3B) exceed its short term liabilities (TRY800.6M).

Long Term Liabilities: EGSER's short term assets (TRY1.3B) exceed its long term liabilities (TRY73.8M).


Debt to Equity History and Analysis

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

Reducing Debt: EGSER's debt to equity ratio has increased from 4% to 19.7% over the past 5 years.

Debt Coverage: EGSER's debt is well covered by operating cash flow (200.9%).

Interest Coverage: EGSER's interest payments on its debt are well covered by EBIT (54.5x coverage).


Balance Sheet


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Dividend

What is Ege Seramik Sanayi ve Ticaret current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


6.70%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: EGSER's dividend (6.7%) is higher than the bottom 25% of dividend payers in the TR market (0.68%).

High Dividend: EGSER's dividend (6.7%) is in the top 25% of dividend payers in the TR market (3.27%)


Stability and Growth of Payments

Stable Dividend: Too early to tell whether EGSER's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if EGSER's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (37.8%), EGSER's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (101.7%), EGSER's dividend payments are not well covered by cash flows.


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Management

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

11.5yrs

Average management tenure


CEO

Goksen Yediguller (59 yo)

12.5yrs

Tenure

Mr. Goksen Yediguller serves as Deputy Chairman of the Board at Ege Seramik Sanayi ve Ticaret A.S. since 2022. He serves as Director at Ege Seramik Sanayi ve Ticaret A.S. since June 2020. He has been a Gen...


Leadership Team

Experienced Management: EGSER's management team is seasoned and experienced (11.5 years average tenure).


Board Members

Experienced Board: EGSER's board of directors are not considered experienced ( 2.2 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

Ege Seramik Sanayi ve Ticaret A.S.'s employee growth, exchange listings and data sources


Key Information

  • Name: Ege Seramik Sanayi ve Ticaret A.S.
  • Ticker: EGSER
  • Exchange: IBSE
  • Founded: 1972
  • Industry: Building Products
  • Sector: Capital Goods
  • Implied Market Cap: ₺2.388b
  • Shares outstanding: 75.00m
  • Website: https://www.egeseramik.com

Number of Employees


Location

  • Ege Seramik Sanayi ve Ticaret A.S.
  • Kemalpasa OSB Mahallesi
  • Anszca Sanayi Sitesi Sokak No: 297/1
  • Kemalpasa
  • 35730
  • Turkey

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/11 00:00
End of Day Share Price2022/08/11 00:00
Earnings2022/06/30
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.