Deniz Gayrimenkul Yatirim Ortakligi (IBSE:DZGYO) - Share price, News & Analysis

DZGYO fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	0/6
Past Performance	6/6
Financial Health	6/6
Dividends	0/6

DZGYO Stock Overview

Deniz Gayrimenkul Yatirim Ortakligi A.S. operates as a real estate investment trust in Turkey.

Rewards

Price-To-Earnings ratio (4.9x) is below the TR market (11.2x)

Earnings grew by 1628.2% over the past year

Risk Analysis

Does not have a meaningful market cap (TRY1B)

Deniz Gayrimenkul Yatirim Ortakligi Competitors

Güler Yatirim Holding

IBSE:GLRYH

₺444.0m

Info Yatirim Menkul Degerler

IBSE:INFO

₺2.1b

Denge Yatirim Holding

IBSE:DENGE

₺675.0m

Hub Girisim Sermayesi Yatirim Ortakligi

IBSE:HUBVC

₺272.4m

Price History & Performance

Summary of all time highs, changes and price drops for Deniz Gayrimenkul Yatirim Ortakligi
Historical stock prices
Current Share Price	₺2.59
52 Week High	₺3.61
52 Week Low	₺1.54
Beta	1.7
1 Month Change	21.03%
3 Month Change	13.10%
1 Year Change	14.60%
3 Year Change	-18.81%
5 Year Change	-8.80%
Change since IPO	796.54%

Shareholder Returns

	DZGYO	TR Capital Markets	TR Market
7D	7.5%	1.5%	2.3%
1Y	14.6%	33.7%	79.1%

Return vs Industry: DZGYO underperformed the TR Capital Markets industry which returned 30.2% over the past year.

Return vs Market: DZGYO underperformed the TR Market which returned 76.7% over the past year.

Price Volatility

Is DZGYO's price volatile compared to industry and market?
DZGYO volatility
DZGYO Average Weekly Movement	4.8%
Capital Markets Industry Average Movement	5.3%
Market Average Movement	5.9%
10% most volatile stocks in TR Market	8.8%
10% least volatile stocks in TR Market	4.1%

Stable Share Price: DZGYO is less volatile than 75% of TR stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: DZGYO's weekly volatility (5%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1995	13	Mehmet Çitil	https://www.denizgyo.com.tr

Deniz Gayrimenkul Yatirim Ortakligi A.S. operates as a real estate investment trust in Turkey. The company engages in real estate investment and development activities. Its property portfolio consists of residential, hotel, and commercial units primarily in Istanbul, Ankara, and Bodrum.

Deniz Gayrimenkul Yatirim Ortakligi Fundamentals Summary

How do Deniz Gayrimenkul Yatirim Ortakligi's earnings and revenue compare to its market cap?
DZGYO fundamental statistics
Market Cap	₺1.04b
Earnings (TTM)	₺212.79m
Revenue (TTM)	₺678.66m

4.9x

P/E Ratio

1.5x

P/S Ratio

Is DZGYO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
DZGYO income statement (TTM)
Revenue	₺678.66m
Cost of Revenue	₺470.32m
Gross Profit	₺208.33m
Other Expenses	-₺4.46m
Earnings	₺212.79m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.53
Gross Margin	30.70%
Net Profit Margin	31.35%
Debt/Equity Ratio	0%

How did DZGYO perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

1/6

Valuation Score 1/6

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 DZGYO?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for DZGYO. This is calculated by dividing DZGYO's market cap by their current preferred multiple.
What is DZGYO's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	₺1.04b

DZGYO 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/Revenue	1x
Enterprise Value/EBITDA	2.8x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

DZGYO PE Ratio vs Peers

The above table shows the PE ratio for DZGYO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	4.5x
GLRYH Güler Yatirim Holding	2.3x	n/a	₺444.0m
INFO Info Yatirim Menkul Degerler	10.9x	n/a	₺2.1b
DENGE Denge Yatirim Holding	2.1x	n/a	₺675.0m
HUBVC Hub Girisim Sermayesi Yatirim Ortakligi	2.6x	n/a	₺272.4m
DZGYO Deniz Gayrimenkul Yatirim Ortakligi	4.9x	n/a	₺1.0b

Price-To-Earnings vs Peers: DZGYO is expensive based on its Price-To-Earnings Ratio (4.9x) compared to the peer average (4.5x).

Price to Earnings Ratio vs Industry

How does DZGYO's PE Ratio compare vs other companies in the TR Capital Markets Industry?

Price-To-Earnings vs Industry: DZGYO is good value based on its Price-To-Earnings Ratio (4.9x) compared to the TR Capital Markets industry average (10.9x)

Price to Earnings Ratio vs Fair Ratio

What is DZGYO'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.

DZGYO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	4.9x
Fair PE Ratio	n/a

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

Share Price vs Fair Value

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

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

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

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 Deniz Gayrimenkul Yatirim Ortakligi 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 Diversified Financials 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 Deniz Gayrimenkul Yatirim Ortakligi 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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Check out Deniz Gayrimenkul Yatirim Ortakligi's track record over time to understand how much the company has returned to shareholders and its earnings growth rate in the past.

Past Performance

How has Deniz Gayrimenkul Yatirim Ortakligi performed over the past 5 years?

Past Performance Score

6/6

Past Performance Score 6/6

Quality Earnings
Growing Profit Margin
Earnings Trend
Accelerating Growth
Earnings vs Industry
High ROE

48.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: DZGYO has high quality earnings.

Growing Profit Margin: DZGYO's current net profit margins (31.4%) are higher than last year (2.2%).

Past Earnings Growth Analysis

Earnings Trend: DZGYO's earnings have grown significantly by 48.8% per year over the past 5 years.

Accelerating Growth: DZGYO's earnings growth over the past year (1628.2%) exceeds its 5-year average (48.8% per year).

Earnings vs Industry: DZGYO earnings growth over the past year (1628.2%) exceeded the Capital Markets industry 89.2%.

Return on Equity

High ROE: DZGYO's Return on Equity (25.3%) is considered high.

Discover strong past performing companies

Financial Health

How is Deniz Gayrimenkul Yatirim Ortakligi's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

Short Term Liabilities
Long Term Liabilities
Debt Level
Reducing Debt
Debt Coverage
Interest Coverage

Financial Position Analysis

Short Term Liabilities: DZGYO's short term assets (TRY697.5M) exceed its short term liabilities (TRY234.9M).

Long Term Liabilities: DZGYO's short term assets (TRY697.5M) exceed its long term liabilities (TRY1.9M).

Debt to Equity History and Analysis

Debt Level: DZGYO is debt free.

Reducing Debt: DZGYO has no debt compared to 5 years ago when its debt to equity ratio was 0.01%.

Debt Coverage: DZGYO has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: DZGYO has no debt, therefore coverage of interest payments is not a concern.

Balance Sheet

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Dividend

What is Deniz Gayrimenkul Yatirim Ortakligi 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
Cash Flow Coverage

Dividend Yield vs Market

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

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

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

Earnings Payout to Shareholders

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

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as DZGYO has not reported any payouts.

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Management

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

3.4yrs

Average board tenure

CEO

Mehmet Çitil (56 yo)

8.67yrs

Tenure

Mr. Mehmet Çitil has been General Manager of Deniz Real Estate Investment Trust at Denizbank Anonim Sirketi since January 2014. Mr. Çitil has been General Manager of Deniz Gayrimenkul Yatirim Ortakligi A.S...

Board Members

Experienced Board: DZGYO's board of directors are considered experienced (3.4 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.

Data	Last Updated (UTC time)
Company Analysis	2022/08/16 00:00
End of Day Share Price	2022/08/16 00:00
Earnings	2022/06/30
Annual Earnings	2021/12/31