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

TRGYO is good value based on its Price-To-Earnings Ratio (9.4x) compared to the peer average (9.8x).

How does TRGYO's PE Ratio compare vs other companies in the TR REITs Industry?

TRGYO is expensive based on its Price-To-Earnings Ratio (9.4x) compared to the TR REITs industry average (4.1x).

What is TRGYO'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.

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

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

TRGYO (TRY58.2) is trading above our estimate of [[fair value]] (TRY52.68)

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Target price is less than 20% higher than the current share price.

Torunlar Gayrimenkul Yatirim Ortakligi (IBSE:TRGYO) - Stock Price, News & Analysis

TRGYO Stock Overview

Torunlar Gayrimenkul Yatirim Ortakligi Anonim Sirketi (“Torunlar REIC” or “The Company”). More details

TRGYO fundamental analysis
Snowflake Score
Valuation	1/6
Future Growth	5/6
Past Performance	1/6
Financial Health	4/6
Dividends	2/6

Rewards

Price-To-Earnings ratio (9.4x) is below the TR market (14.8x)

Earnings are forecast to grow 64.36% per year

Risk Analysis

Dividend of 4.04% is not well covered by earnings or free cash flows

Large one-off items impacting financial results

Profit margins are lower than last year

Torunlar Gayrimenkul Yatirim Ortakligi A.S. Competitors

Ziraat Gayrimenkul Yatirim Ortakligi

IBSE:ZRGYO

₺56.5b

Avrupakent Gayrimenkul Yatirim Ortakligi Anonim Sirketi

IBSE:AVPGY

₺22.4b

Is Gayrimenkul Yatirim Ortakligi

IBSE:ISGYO

₺17.8b

Dogus Gayrimenkul Yatirim Ortakligi

IBSE:DGGYO

₺14.1b

Price History & Performance

Summary of all time highs, changes and price drops for Torunlar Gayrimenkul Yatirim Ortakligi
Historical stock prices
Current Share Price	₺58.20
52 Week High	₺57.10
52 Week Low	₺27.84
Beta	1.02
11 Month Change	27.74%
3 Month Change	27.19%
1 Year Change	69.68%
33 Year Change	1,384.69%
5 Year Change	2,335.15%
Change since IPO	3,533.80%

Recent updates

Shareholder Returns

	TRGYO	TR REITs	TR Market
7D	6.8%	5.4%	-1.7%
1Y	69.7%	18.4%	6.4%

Return vs Industry: TRGYO exceeded the TR REITs industry which returned 18.4% over the past year.

Return vs Market: TRGYO exceeded the TR Market which returned 6.4% over the past year.

Price Volatility

Is TRGYO's price volatile compared to industry and market?
TRGYO volatility
TRGYO Average Weekly Movement	4.7%
REITs Industry Average Movement	6.2%
Market Average Movement	6.1%
10% most volatile stocks in TR Market	8.9%
10% least volatile stocks in TR Market	4.6%

Stable Share Price: TRGYO has not had significant price volatility in the past 3 months compared to the TR market.

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

About the Company

Founded	Employees	CEO	Website
1977	196	Aziz Torun	www.torunlargyo.com.tr

Torunlar Gayrimenkul Yatirim Ortakligi Anonim Sirketi (“Torunlar REIC” or “The Company”). The company, Toray Insaat Sanayi ve Ticaret A.S. was established in 1996 in Istanbul, Turkey. The company became a part of Torunlar Gayrimenkul Yatirim Ortakligi A.S.

Torunlar Gayrimenkul Yatirim Ortakligi A.S. Fundamentals Summary

How do Torunlar Gayrimenkul Yatirim Ortakligi's earnings and revenue compare to its market cap?
TRGYO fundamental statistics
Market cap	₺54.18b
Earnings (TTM)	₺6.17b
Revenue (TTM)	₺5.08b

9.4x

P/E Ratio

11.4x

P/S Ratio

Is TRGYO overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TRGYO income statement (TTM)
Revenue	₺5.08b
Cost of Revenue	₺1.34b
Gross Profit	₺3.74b
Other Expenses	-₺2.43b
Earnings	₺6.17b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

n/a

Earnings per share (EPS)	6.21
Gross Margin	73.58%
Net Profit Margin	121.49%
Debt/Equity Ratio	2.1%

How did TRGYO perform over the long term?

See historical performance and comparison

Dividends

4.0%

Current Dividend Yield

-49%

Payout Ratio

TRGYO Stock Overview

Rewards

Risk Analysis

Torunlar Gayrimenkul Yatirim Ortakligi A.S. Competitors

IBSE:ZRGYO

₺56.5b

IBSE:AVPGY

₺22.4b

IBSE:ISGYO

₺17.8b

IBSE:DGGYO

₺14.1b

Price History & Performance

Recent News & Updates

Third quarter 2024 earnings released: EPS: ₺2.19 (vs ₺0.79 in 3Q 2023)

Now 21% undervalued after recent price drop

Second quarter 2024 earnings released

Upcoming dividend of ₺2.35 per share

First quarter 2024 earnings released: EPS: ₺2.65 (vs ₺0.57 in 1Q 2023)

New minor risk - Earnings quality

Recent updates

Third quarter 2024 earnings released: EPS: ₺2.19 (vs ₺0.79 in 3Q 2023)

Now 21% undervalued after recent price drop

Second quarter 2024 earnings released

Upcoming dividend of ₺2.35 per share

First quarter 2024 earnings released: EPS: ₺2.65 (vs ₺0.57 in 1Q 2023)

New minor risk - Earnings quality

Full year 2023 earnings released: EPS: ₺12.71 (vs ₺18.44 in FY 2022)

Torunlar REIT Starts Negotiations to Sell Torun Tower Office Building to Denizbank

Investor sentiment improves as stock rises 19%

Now 21% undervalued

Investor sentiment improves as stock rises 16%

Third quarter 2023 earnings released

Now 25% undervalued

Now 21% undervalued

Now 23% undervalued

Inaugural dividend of ₺0.20 per share

First quarter 2023 earnings released

Now 20% undervalued

Full year 2022 earnings released: EPS: ₺45.98 (vs ₺5.31 in FY 2021)

Investor sentiment improves as stock rises 19%

Investor sentiment deteriorates as stock falls 17%

Now 20% undervalued

Investor sentiment improved over the past week

Now 20% undervalued

Less than half of directors are independent

Investor sentiment improved over the past week

First quarter 2022 earnings released: EPS: ₺0.42 (vs ₺0.12 loss in 1Q 2021)

Price target increased to ₺6.09

Less than half of directors are independent

Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Investor sentiment improved over the past week

Price target increased to ₺4.42

Third quarter 2021 earnings released: EPS ₺0.38 (vs ₺0.18 loss in 3Q 2020)

Second quarter 2021 earnings released: EPS ₺0.077 (vs ₺0.16 loss in 2Q 2020)

Investor sentiment improved over the past week

Price target decreased to ₺3.76

Investor sentiment improved over the past week

Investor sentiment deteriorated over the past week

Full year 2020 earnings released: EPS ₺0.29 (vs ₺0.87 in FY 2019)

Revenue beats expectations

New 90-day low: ₺3.53

Third quarter 2020 earnings released: ₺0.44 loss per share

Market pulls back on stock over the past week

New 90-day low: ₺3.38

Market bids up stock over the past week

Earnings released

New 90-day high - ₺4.52

Shareholder Returns

Price Volatility

About the Company

Torunlar Gayrimenkul Yatirim Ortakligi A.S. Fundamentals Summary

9.4x

11.4x

Earnings & Revenue

Dividends

4.0%

-49%