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AKGR

Aksigorta IBSE:AKGRT Stock Report

Last Price

₺2.60

Market Cap

₺1.6b

7D

-7.8%

1Y

-33.0%

Updated

06 Jul, 2022

Data

Company Financials +
AKGRT fundamental analysis
Snowflake Score
Valuation4/6
Future Growth6/6
Past Performance0/6
Financial Health5/6
Dividends0/6

AKGRT Stock Overview

Aksigorta A.S. provides various non-life insurance products and services to retail and corporate customers in Turkey.

Aksigorta Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Aksigorta
Historical stock prices
Current Share Price₺2.60
52 Week High₺5.34
52 Week Low₺2.50
Beta1.04
1 Month Change-19.75%
3 Month Change-24.42%
1 Year Change-32.99%
3 Year Change21.78%
5 Year Change52.94%
Change since IPO22,699.02%

Recent News & Updates

Shareholder Returns

AKGRTTR InsuranceTR Market
7D-7.8%-1.3%-0.3%
1Y-33.0%7.3%54.3%

Return vs Industry: AKGRT underperformed the TR Insurance industry which returned 6.9% over the past year.

Return vs Market: AKGRT underperformed the TR Market which returned 50.3% over the past year.

Price Volatility

Is AKGRT's price volatile compared to industry and market?
AKGRT volatility
AKGRT Average Weekly Movement4.8%
Insurance Industry Average Movement4.9%
Market Average Movement6.0%
10% most volatile stocks in TR Market8.8%
10% least volatile stocks in TR Market4.2%

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

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

About the Company

FoundedEmployeesCEOWebsite
1960671Ugur Gulenhttps://www.aksigorta.com.tr

Aksigorta A.S. provides various non-life insurance products and services to retail and corporate customers in Turkey. It offers motor vehicle, motor third party liability, fire, marine, accident, personal accident, traffic, home and content, travel, engineering, agriculture, and health insurance products. The company provides its products through branches, independent agencies, brokers, and contracted institutions.

Aksigorta Fundamentals Summary

How do Aksigorta's earnings and revenue compare to its market cap?
AKGRT fundamental statistics
Market Cap₺1.59b
Earnings (TTM)-₺156.88m
Revenue (TTM)₺4.08b

0.4x

P/S Ratio

-10.1x

P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AKGRT income statement (TTM)
Revenue₺4.08b
Cost of Revenue₺3.58b
Gross Profit₺502.62m
Other Expenses₺659.50m
Earnings-₺156.88m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 01, 2022

Earnings per share (EPS)-0.26
Gross Margin12.31%
Net Profit Margin-3.84%
Debt/Equity Ratio13.5%

How did AKGRT perform over the long term?

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

Valuation

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

Valuation Score

4/6

Valuation Score 4/6

  • Price-To-Book vs Peers

  • Price-To-Book vs Industry

  • Price-To-Book vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

AKGRT 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/Revenue0.07x
Enterprise Value/EBITDA-0.7x
PEG Ration/a

Price to Book Ratio vs Peers

How does AKGRT's PB Ratio compare to its peers?

AKGRT PB Ratio vs Peers
The above table shows the PB ratio for AKGRT vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPBEstimated GrowthMarket Cap
Peer Average2.5x
RAYSG Ray Sigorta Anonim Sirketi
4.3xn/a₺1.9b
ANSGR Anadolu Anonim Türk Sigorta Sirketi
0.9xn/a₺2.9b
AGESA Agesa Hayat ve Emeklilik
3.3xn/a₺3.7b
TURSG Türkiye Sigorta Anonim Sirketi
1.4xn/a₺5.8b
AKGRT Aksigorta
2x43.4%₺1.6b

Price-To-Book vs Peers: AKGRT is good value based on its Price-To-Book Ratio (2x) compared to the peer average (2.5x).


Price to Earnings Ratio vs Industry

How does AKGRT's PE Ratio compare vs other companies in the Asian Insurance Industry?

Price-To-Book vs Industry: AKGRT is good value based on its Price-To-Book Ratio (2x) compared to the TR Insurance industry average (2.3x)


Price to Book Ratio vs Fair Ratio

What is AKGRT's PB Ratio compared to its Fair PB Ratio? This is the expected PB Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

AKGRT PB Ratio vs Fair Ratio.
Fair Ratio
Current PB Ratio2x
Fair PB Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: AKGRT (TRY2.6) is trading below our estimate of fair value (TRY5.83)

Significantly Below Fair Value: AKGRT is trading below fair value by more than 20%.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AKGRT's PEG Ratio to determine if it is good value.


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Future Growth

How is Aksigorta forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

Future Growth Score

6/6

Future Growth Score 6/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


43.4%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AKGRT is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (8.9%).

Earnings vs Market: AKGRT is forecast to become profitable over the next 3 years, which is considered above average market growth.

High Growth Earnings: AKGRT is expected to become profitable in the next 3 years.

Revenue vs Market: AKGRT's revenue (40.4% per year) is forecast to grow faster than the TR market (14.7% per year).

High Growth Revenue: AKGRT's revenue (40.4% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: AKGRT's Return on Equity is forecast to be high in 3 years time (39.7%)


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Past Performance

How has Aksigorta performed over the past 5 years?

Past Performance Score

0/6

Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


13.0%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: AKGRT is currently unprofitable.

Growing Profit Margin: AKGRT is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: AKGRT is unprofitable, but has reduced losses over the past 5 years at a rate of 13% per year.

Accelerating Growth: Unable to compare AKGRT's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AKGRT is unprofitable, making it difficult to compare its past year earnings growth to the Insurance industry (20.6%).


Return on Equity

High ROE: AKGRT has a negative Return on Equity (-19.73%), as it is currently unprofitable.


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Financial Health

How is Aksigorta'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: AKGRT's short term assets (TRY7.6B) exceed its short term liabilities (TRY6.9B).

Long Term Liabilities: AKGRT's short term assets (TRY7.6B) exceed its long term liabilities (TRY151.9M).


Debt to Equity History and Analysis

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

Reducing Debt: AKGRT's debt to equity ratio has reduced from 17.8% to 13.5% over the past 5 years.

Debt Coverage: AKGRT's debt is well covered by operating cash flow (357.5%).

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


Balance Sheet


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Dividend

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

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

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


Earnings Payout to Shareholders

Earnings Coverage: AKGRT is not paying a notable dividend for the TR market.


Cash Payout to Shareholders

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


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Management

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

5.5yrs

Average management tenure


CEO

Ugur Gulen

13.17yrs

Tenure

Mr. Ugur Gulen has been the Chief Executive Officer of Aksigorta AS ("Aksigorta") since May 1, 2009 and serves as its Board Member & General Manager. He served as Director at Teknosa Iç ve Dis Ticaret Anon...


Leadership Team

Experienced Management: AKGRT's management team is seasoned and experienced (5.5 years average tenure).


Board Members

Experienced Board: AKGRT's board of directors are not considered experienced ( 2.9 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

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


Key Information

  • Name: Aksigorta A.S.
  • Ticker: AKGRT
  • Exchange: IBSE
  • Founded: 1960
  • Industry: Property and Casualty Insurance
  • Sector: Insurance
  • Implied Market Cap: ₺1.591b
  • Shares outstanding: 612.00m
  • Website: https://www.aksigorta.com.tr

Number of Employees


Location

  • Aksigorta A.S.
  • Poligon Cad
  • Kule:1, Kat : 0-6
  • Istanbul
  • 34771
  • Turkey

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/06 00:00
End of Day Share Price2022/07/06 00:00
Earnings2022/03/31
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.