Izmir Firça Sanayi ve Ticaret Anonim Sirketi (IBSE:IZFAS) - Share price, News & Analysis

IZFAS fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	0/6
Past Performance	4/6
Financial Health	3/6
Dividends	0/6

IZFAS Stock Overview

Izmir Firça Sanayi ve Ticaret Anonim Sirketi produces and sells various cleaning and painting brushes in Turkey and internationally.

Rewards

Price-To-Earnings ratio (8.8x) is below the TR market (11.7x)

Earnings grew by 182.2% over the past year

Risk Analysis

Debt is not well covered by operating cash flow

Highly volatile share price over the past 3 months

High level of non-cash earnings

Does not have a meaningful market cap (TRY48M)

Izmir Firça Sanayi ve Ticaret Anonim Sirketi Competitors

Titanium Holdings Group

OTCPK:TTHG

US$3.6m

Pee Cee Cosma Sope

BSE:524136

₹317.3m

Soap & Allied Industries

MUSE:SAIL.I0000

MU₨85.2m

Albus a.d

BELEX:ALBS

дин109.3m

Price History & Performance

Summary of all time highs, changes and price drops for Izmir Firça Sanayi ve Ticaret Anonim Sirketi
Historical stock prices
Current Share Price	₺2.87
52 Week High	₺8.60
52 Week Low	₺2.27
Beta	0.77
1 Month Change	5.90%
3 Month Change	-43.61%
1 Year Change	-49.11%
3 Year Change	79.38%
5 Year Change	0.35%
Change since IPO	124.22%

Shareholder Returns

	IZFAS	TR Household Products	TR Market
7D	0.7%	1.8%	2.9%
1Y	-49.1%	-9.4%	76.8%

Return vs Industry: IZFAS underperformed the TR Household Products industry which returned -10.7% over the past year.

Return vs Market: IZFAS underperformed the TR Market which returned 77.4% over the past year.

Price Volatility

Is IZFAS's price volatile compared to industry and market?
IZFAS volatility
IZFAS Average Weekly Movement	17.2%
Household Products Industry Average Movement	4.9%
Market Average Movement	5.9%
10% most volatile stocks in TR Market	8.9%
10% least volatile stocks in TR Market	4.1%

Stable Share Price: IZFAS is more volatile than 90% of TR stocks over the past 3 months, typically moving +/- 17% a week.

Volatility Over Time: IZFAS's weekly volatility has increased from 10% to 17% over the past year.

About the Company

Founded	Employees	CEO	Website
n/a	107	n/a	https://www.izmirfirca.com.tr

Izmir Firça Sanayi ve Ticaret Anonim Sirketi produces and sells various cleaning and painting brushes in Turkey and internationally. The company offers hand tools, brushes, rollers, mops, and squeegees for cleaning fields; and custom brushes for industries. It also provides construction products; and PET-PVC synthetic monofilaments fibers for brushes and brooms.

Izmir Firça Sanayi ve Ticaret Anonim Sirketi Fundamentals Summary

How do Izmir Firça Sanayi ve Ticaret Anonim Sirketi's earnings and revenue compare to its market cap?
IZFAS fundamental statistics
Market Cap	₺48.43m
Earnings (TTM)	₺5.50m
Revenue (TTM)	₺107.61m

8.8x

P/E Ratio

0.5x

P/S Ratio

Is IZFAS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report
IZFAS income statement (TTM)
Revenue	₺107.61m
Cost of Revenue	₺72.46m
Gross Profit	₺35.15m
Other Expenses	₺29.65m
Earnings	₺5.50m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	0.33
Gross Margin	32.66%
Net Profit Margin	5.11%
Debt/Equity Ratio	128.7%

How did IZFAS perform over the long term?

See historical performance and comparison

We’ve recently updated our valuation analysis.

Valuation

Is IZFAS 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 IZFAS?

Other financial metrics that can be useful for relative valuation.

The above table shows the n/a ratio for IZFAS. This is calculated by dividing IZFAS's market cap by their current preferred multiple.
What is IZFAS's n/a Ratio?
n/a Ratio	0x
n/a	n/a
Market Cap	₺48.43m

IZFAS 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	0.9x
Enterprise Value/EBITDA	3.3x
PEG Ratio	n/a

Price to Earnings Ratio vs Peers

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

IZFAS PE Ratio vs Peers

The above table shows the PE ratio for IZFAS vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
Company	PE	Estimated Growth	Market Cap
Peer Average	11x
TTHG Titanium Holdings Group	3.7x	n/a	US$3.6m
524136 Pee Cee Cosma Sope	18.8x	n/a	₹317.3m
SAIL.I0000 Soap & Allied Industries	17.8x	n/a	MU₨85.2m
ALBS Albus a.d	3.7x	n/a	дин109.3m
IZFAS Izmir Firça Sanayi ve Ticaret Anonim Sirketi	8.8x	n/a	₺48.4m

Price-To-Earnings vs Peers: IZFAS is good value based on its Price-To-Earnings Ratio (8.8x) compared to the peer average (11x).

Price to Earnings Ratio vs Industry

How does IZFAS's PE Ratio compare vs other companies in the Asian Household Products Industry?

Price-To-Earnings vs Industry: IZFAS is good value based on its Price-To-Earnings Ratio (8.8x) compared to the Asian Household Products industry average (20.2x)

Price to Earnings Ratio vs Fair Ratio

What is IZFAS'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.

IZFAS PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio	8.8x
Fair PE Ratio	n/a

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

Share Price vs Fair Value

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

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

Significantly Below Fair Value: Insufficient data to calculate IZFAS'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 Izmir Firça Sanayi ve Ticaret Anonim Sirketi 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

11.7%

Forecasted Household 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 Izmir Firça Sanayi ve Ticaret Anonim Sirketi 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.

Discover growth companies

Check out Izmir Firça Sanayi ve Ticaret Anonim Sirketi'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 Izmir Firça Sanayi ve Ticaret Anonim Sirketi 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

58.7%

Historical annual earnings growth

Earnings and Revenue History

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

Growing Profit Margin: IZFAS's current net profit margins (5.1%) are higher than last year (3.4%).

Past Earnings Growth Analysis

Earnings Trend: IZFAS's earnings have grown significantly by 58.7% per year over the past 5 years.

Accelerating Growth: IZFAS's earnings growth over the past year (182.2%) exceeds its 5-year average (58.7% per year).

Earnings vs Industry: IZFAS earnings growth over the past year (182.2%) exceeded the Household Products industry -17.1%.

Return on Equity

High ROE: IZFAS's Return on Equity (15%) is considered low.

Discover strong past performing companies

Financial Health

How is Izmir Firça Sanayi ve Ticaret Anonim Sirketi'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: IZFAS's short term assets (TRY91.5M) exceed its short term liabilities (TRY66.7M).

Long Term Liabilities: IZFAS's short term assets (TRY91.5M) exceed its long term liabilities (TRY7.6M).

Debt to Equity History and Analysis

Debt Level: IZFAS's net debt to equity ratio (123.9%) is considered high.

Reducing Debt: IZFAS's debt to equity ratio has increased from 61.8% to 128.7% over the past 5 years.

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

Interest Coverage: IZFAS's interest payments on its debt are well covered by EBIT (13.5x coverage).

Balance Sheet

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Dividend

What is Izmir Firça Sanayi ve Ticaret Anonim Sirketi 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 IZFAS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

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

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

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Management

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

7.1yrs

Average board tenure

CEO

Izmir Firça Sanayi ve Ticaret Anonim Sirketi has no CEO, or we have no data on them.

Board Members

Experienced Board: IZFAS's board of directors are considered experienced (7.1 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	2022/08/10 00:00
End of Day Share Price	2022/08/10 00:00
Earnings	2022/03/31
Annual Earnings	2021/12/31