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GARF

Garanti Faktoring IBSE:GARFA Stock Report

Last Price

₺13.99

Market Cap

₺1.1b

7D

2.5%

1Y

46.5%

Updated

06 Aug, 2022

Data

Company Financials
GARFA fundamental analysis
Snowflake Score
Valuation2/6
Future Growth0/6
Past Performance4/6
Financial Health3/6
Dividends0/6

GARFA Stock Overview

Garanti Faktoring A.S. provides factoring services to industrial and commercial firms.

Garanti Faktoring Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Garanti Faktoring
Historical stock prices
Current Share Price₺13.99
52 Week High₺19.04
52 Week Low₺7.67
Beta0.73
1 Month Change8.37%
3 Month Change-6.73%
1 Year Change46.49%
3 Year Change433.97%
5 Year Change238.74%
Change since IPO137,529.12%

Recent News & Updates

Shareholder Returns

GARFATR Diversified FinancialTR Market
7D2.5%2.5%4.7%
1Y46.5%3.2%71.6%

Return vs Industry: GARFA exceeded the TR Diversified Financial industry which returned 3.2% over the past year.

Return vs Market: GARFA underperformed the TR Market which returned 71.6% over the past year.

Price Volatility

Is GARFA's price volatile compared to industry and market?
GARFA volatility
GARFA Average Weekly Movement5.5%
Diversified Financial Industry Average Movement4.7%
Market Average Movement5.9%
10% most volatile stocks in TR Market8.8%
10% least volatile stocks in TR Market4.2%

Stable Share Price: GARFA is not significantly more volatile than the rest of TR stocks over the past 3 months, typically moving +/- 6% a week.

Volatility Over Time: GARFA's weekly volatility (6%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
1990124Kaya Yildirimhttps://www.garantibbvafactoring.com

Garanti Faktoring A.S. provides factoring services to industrial and commercial firms. The company provides financing, guarantee, and commercial collection management services in selling goods/services; and supplier financing services in buying goods/services. It serves SMEs, import and export companies, and other corporations through a network of 11 branches in Turkey.

Garanti Faktoring Fundamentals Summary

How do Garanti Faktoring's earnings and revenue compare to its market cap?
GARFA fundamental statistics
Market Cap₺1.11b
Earnings (TTM)₺202.19m
Revenue (TTM)₺302.68m

5.5x

P/E Ratio

3.7x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
GARFA income statement (TTM)
Revenue₺302.68m
Cost of Revenue₺30.69m
Gross Profit₺271.99m
Other Expenses₺69.80m
Earnings₺202.19m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.54
Gross Margin89.86%
Net Profit Margin66.80%
Debt/Equity Ratio880.5%

How did GARFA perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

2/6

Valuation Score 2/6

  • 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 GARFA?

Other financial metrics that can be useful for relative valuation.

GARFA 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/Revenuen/a
Enterprise Value/EBITDAn/a
PEG Ration/a

Price to Earnings Ratio vs Peers

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

GARFA PE Ratio vs Peers
The above table shows the PE ratio for GARFA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average8.6x
VAKFN Vakif Finansal Kiralama
9.1xn/a₺1.5b
GLCVY Gelecek Varlik Yönetimi Anonim Sirketi
8.7xn/a₺1.8b
LIDFA Lider Faktoring
12.1xn/a₺656.1m
ISFIN Is Finansal Kiralama Anonim Sirketi
4.6xn/a₺2.8b
GARFA Garanti Faktoring
5.5xn/a₺1.1b

Price-To-Earnings vs Peers: GARFA is good value based on its Price-To-Earnings Ratio (5.5x) compared to the peer average (8.6x).


Price to Earnings Ratio vs Industry

How does GARFA's PE Ratio compare vs other companies in the Asian Diversified Financial Industry?

Price-To-Earnings vs Industry: GARFA is good value based on its Price-To-Earnings Ratio (5.5x) compared to the TR Diversified Financial industry average (13.4x)


Price to Earnings Ratio vs Fair Ratio

What is GARFA'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.

GARFA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio5.5x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: GARFA (TRY13.99) is trading above our estimate of fair value (TRY2.03)

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


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 Garanti Faktoring 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


12.1%

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 Garanti Faktoring 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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Past Performance

How has Garanti Faktoring 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


57.5%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: GARFA has high quality earnings.

Growing Profit Margin: GARFA's current net profit margins (66.8%) are lower than last year (98.1%).


Past Earnings Growth Analysis

Earnings Trend: GARFA's earnings have grown significantly by 57.5% per year over the past 5 years.

Accelerating Growth: GARFA's earnings growth over the past year (107%) exceeds its 5-year average (57.5% per year).

Earnings vs Industry: GARFA earnings growth over the past year (107%) exceeded the Diversified Financial industry 103.2%.


Return on Equity

High ROE: Whilst GARFA's Return on Equity (42.08%) is outstanding, this metric is skewed due to their high level of debt.


Discover strong past performing companies

Financial Health

How is Garanti Faktoring's financial position?

Financial Health Score

3/6

Financial Health Score 3/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: GARFA's short term assets (TRY4.7B) exceed its short term liabilities (TRY4.3B).

Long Term Liabilities: GARFA's short term assets (TRY4.7B) exceed its long term liabilities (TRY26.8M).


Debt to Equity History and Analysis

Debt Level: GARFA's net debt to equity ratio (858.9%) is considered high.

Reducing Debt: GARFA's debt to equity ratio has reduced from 1281.7% to 880.5% over the past 5 years.

Debt Coverage: GARFA's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if GARFA's interest payments on its debt are well covered by EBIT.


Balance Sheet


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Dividend

What is Garanti Faktoring 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 GARFA's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

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

Growing Dividend: Insufficient data to determine if GARFA'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 GARFA has not reported any payouts.


Discover strong dividend paying companies

Management

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

3.4yrs

Average board tenure


CEO

Kaya Yildirim (57 yo)

4.58yrs

Tenure

Mr. Kaya Yildirim serves as Chief Executive Officer/General Manager at Garanti Faktoring AS since 2018 and its Executive Director since August 1, 2018.


Board Members

Experienced Board: GARFA'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.


Top Shareholders

Company Information

Garanti Faktoring A.S.'s employee growth, exchange listings and data sources


Key Information

  • Name: Garanti Faktoring A.S.
  • Ticker: GARFA
  • Exchange: IBSE
  • Founded: 1990
  • Industry: Specialized Finance
  • Sector: Diversified Financials
  • Implied Market Cap: ₺1.112b
  • Shares outstanding: 79.50m
  • Website: https://www.garantibbvafactoring.com

Number of Employees


Location

  • Garanti Faktoring A.S.
  • CamCesme, Tersane Caddesi No: 15 Pendik
  • B Blok
  • Istanbul
  • 34899
  • Turkey

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/06 00:00
End of Day Share Price2022/08/05 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.