company background image
BIMA

BIM Birlesik MagazalarIBSE:BIMAS Stock Report

Market Cap

₺41.6b

7D

3.5%

1Y

-1.1%

Updated

26 Nov, 2021

Data

Company Financials +
BIMAS fundamental analysis
Snowflake Score
Valuation3/6
Future Growth5/6
Past Performance6/6
Financial Health4/6
Dividends5/6

BIMAS Stock Overview

BIM Birlesik Magazalar A.S., together with its subsidiaries, operates retail stores in Turkey, Morocco, and Egypt.

Price History & Performance

Summary of all time highs, changes and price drops for BIM Birlesik Magazalar
Historical stock prices
Current Share Price₺69.10
52 Week High₺77.85
52 Week Low₺59.15
Beta0.28
1 Month Change11.18%
3 Month Change-4.29%
1 Year Change-1.07%
3 Year Change63.55%
5 Year Change190.46%
Change since IPO5,770.46%

Recent News & Updates

Shareholder Returns

BIMASTR Consumer RetailingTR Market
7D3.5%2.8%6.0%
1Y-1.1%0.5%4.7%

Return vs Industry: BIMAS underperformed the TR Consumer Retailing industry which returned 0.5% over the past year.

Return vs Market: BIMAS underperformed the TR Market which returned 4.7% over the past year.

Price Volatility

Is BIMAS's price volatile compared to industry and market?
BIMAS volatility
BIMAS Average Weekly Movement3.0%
Consumer Retailing Industry Average Movement5.0%
Market Average Movement5.2%
10% most volatile stocks in TR Market8.7%
10% least volatile stocks in TR Market3.7%

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

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

About the Company

FoundedEmployeesCEOWebsite
199567,640Mustafa Topbashttps://www.bim.com.tr

BIM Birlesik Magazalar A.S., together with its subsidiaries, operates retail stores in Turkey, Morocco, and Egypt. Its stores sell approximately 800 items, including meat, breakfast and dairy, legumes and bakery, and personal care products, as well as beverages, snacks and sweets, fruits and vegetables, frozen foods, and cleaning supplies. As of December 31, 2020, the company operated 9,365 stores.

BIM Birlesik Magazalar Fundamentals Summary

How do BIM Birlesik Magazalar's earnings and revenue compare to its market cap?
BIMAS fundamental statistics
Market Cap₺41.57b
Earnings (TTM)₺3.12b
Revenue (TTM)₺65.43b

13.3x

P/E Ratio

0.6x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
BIMAS income statement (TTM)
Revenue₺65.43b
Cost of Revenue₺53.38b
Gross Profit₺12.05b
Expenses₺8.94b
Earnings₺3.12b

Last Reported Earnings

Sep 30, 2021

Next Earnings Date

Mar 11, 2022

Earnings per share (EPS)5.19
Gross Margin18.42%
Net Profit Margin4.77%
Debt/Equity Ratio1.3%

How did BIMAS perform over the long term?

See historical performance and comparison

Dividends

5.1%

Current Dividend Yield

68%

Payout Ratio

Valuation

Is BIM Birlesik Magazalar undervalued compared to its fair value and its price relative to the market?

13.33x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: BIMAS (TRY69.1) is trading above our estimate of fair value (TRY63.7)

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


Price To Earnings Ratio

PE vs Industry: BIMAS is good value based on its PE Ratio (13.3x) compared to the Asian Consumer Retailing industry average (17x).

PE vs Market: BIMAS is good value based on its PE Ratio (13.3x) compared to the TR market (14.8x).


Price to Earnings Growth Ratio

PEG Ratio: BIMAS is good value based on its PEG Ratio (0.6x)


Price to Book Ratio

PB vs Industry: BIMAS's PB Ratio (6.2x) is in line with the TR Consumer Retailing industry average.


Future Growth

How is BIM Birlesik Magazalar forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

24.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: BIMAS's forecast earnings growth (24.1% per year) is above the savings rate (9.1%).

Earnings vs Market: BIMAS's earnings (24.1% per year) are forecast to grow faster than the TR market (12.9% per year).

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

Revenue vs Market: BIMAS's revenue (15.3% per year) is forecast to grow faster than the TR market (13.8% per year).

High Growth Revenue: BIMAS's revenue (15.3% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: BIMAS's Return on Equity is forecast to be very high in 3 years time (49%).


Past Performance

How has BIM Birlesik Magazalar performed over the past 5 years?

32.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: BIMAS has high quality earnings.

Growing Profit Margin: BIMAS's current net profit margins (4.8%) are higher than last year (4.1%).


Past Earnings Growth Analysis

Earnings Trend: BIMAS's earnings have grown significantly by 32.3% per year over the past 5 years.

Accelerating Growth: BIMAS's earnings growth over the past year (48.5%) exceeds its 5-year average (32.3% per year).

Earnings vs Industry: BIMAS earnings growth over the past year (48.5%) exceeded the Consumer Retailing industry 6.9%.


Return on Equity

High ROE: BIMAS's Return on Equity (45.7%) is considered outstanding.


Financial Health

How is BIM Birlesik Magazalar's financial position?


Financial Position Analysis

Short Term Liabilities: BIMAS's short term assets (TRY12.1B) do not cover its short term liabilities (TRY13.9B).

Long Term Liabilities: BIMAS's short term assets (TRY12.1B) exceed its long term liabilities (TRY6.1B).


Debt to Equity History and Analysis

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

Reducing Debt: BIMAS's debt to equity ratio has increased from 1.3% to 1.3% over the past 5 years.

Debt Coverage: BIMAS's debt is well covered by operating cash flow (5324.4%).

Interest Coverage: BIMAS's interest payments on its debt are well covered by EBIT (13x coverage).


Balance Sheet


Dividend

What is BIM Birlesik Magazalar current dividend yield, its reliability and sustainability?

5.07%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: BIMAS's dividend (5.07%) is higher than the bottom 25% of dividend payers in the TR market (0.73%).

High Dividend: BIMAS's dividend (5.07%) is in the top 25% of dividend payers in the TR market (2.85%)


Stability and Growth of Payments

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

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


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (67.5%), BIMAS's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: BIMAS's dividends in 3 years are forecast to be covered by earnings (87% payout ratio).


Next Steps

Management

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

9.7yrs

Average board tenure


CEO

Mustafa Topbas (77 yo)

no data

Tenure

Mr. Mustafa Latif Topbas served as Partner and Executive at Bahariye Mensucat A.S. since 1961. In subsequent years, Mr. Topbas was founder and executive in various industrial and commercial companies. He h...


Board Members

Experienced Board: BIMAS's board of directors are considered experienced (9.7 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

BIM Birlesik Magazalar A.S.'s employee growth, exchange listings and data sources


Key Information

  • Name: BIM Birlesik Magazalar A.S.
  • Ticker: BIMAS
  • Exchange: IBSE
  • Founded: 1995
  • Industry: Food Retail
  • Sector: Consumer Retailing
  • Market Cap: ₺41.566b
  • Shares outstanding: 601.53m
  • Website: https://www.bim.com.tr

Number of Employees


Location

  • BIM Birlesik Magazalar A.S.
  • Ebubekir Cad. No: 73
  • Sancaktepe
  • Istanbul
  • 34887
  • Turkey

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/11/26 21:24
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.