company background image
LOGO

Logo Yazilim Sanayi ve Ticaret IBSE:LOGO Stock Report

Last Price

₺38.48

Market Cap

₺3.8b

7D

-6.1%

1Y

6.9%

Updated

03 Jul, 2022

Data

Company Financials +
LOGO fundamental analysis
Snowflake Score
Valuation4/6
Future Growth6/6
Past Performance5/6
Financial Health6/6
Dividends3/6

LOGO Stock Overview

Logo Yazilim Sanayi ve Ticaret A.S. develops and markets software solutions in Turkey and Romania.

Logo Yazilim Sanayi ve Ticaret Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Logo Yazilim Sanayi ve Ticaret
Historical stock prices
Current Share Price₺38.48
52 Week High₺53.85
52 Week Low₺34.50
Beta1.02
1 Month Change-8.64%
3 Month Change-21.44%
1 Year Change6.89%
3 Year Change275.23%
5 Year Change168.86%
Change since IPO8,330.68%

Recent News & Updates

Shareholder Returns

LOGOTR SoftwareTR Market
7D-6.1%-3.3%-3.6%
1Y6.9%20.1%56.0%

Return vs Industry: LOGO underperformed the TR Software industry which returned 20.1% over the past year.

Return vs Market: LOGO underperformed the TR Market which returned 56% over the past year.

Price Volatility

Is LOGO's price volatile compared to industry and market?
LOGO volatility
LOGO Average Weekly Movement3.9%
Software Industry Average Movement4.8%
Market Average Movement6.0%
10% most volatile stocks in TR Market8.6%
10% least volatile stocks in TR Market4.2%

Stable Share Price: LOGO is less volatile than 75% of TR stocks over the past 3 months, typically moving +/- 4% a week.

Volatility Over Time: LOGO's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
19841,343Mehmut Koyuncuhttps://www.logo.com.tr

Logo Yazilim Sanayi ve Ticaret A.S. develops and markets software solutions in Turkey and Romania. The company provides ERP solutions, which include Logo j-Platform, Logo Tiger Wings Enterprise, Logo Tiger 3 Enterprise, Logo Tiger Wings, Logo Tiger 3, Logo Netsis Wings Enterprise, Logo Netsis 3 Enterprise, Logo Netsis Wings, and Logo Netsis 3 Standard; and business analytics solutions, such as Logo Mind Insight, Logo Mind Navigator, and Logo Mind Budget. It also offers e-Invoice, e-Archive, e-Ledger, e-Dispatch, e-Producer Receipt, e-Reconciliation, e-Extract, Connect Bank, Connect B2b, and LogoPay; Logo Isbasi, Logo Start 3, Logo GO Wings, Logo GO 3, Logo Netsis Wings Entegre, Logo Netsis 3 Entegre, and Logo Mali Müsavir 3; warehouse management system solutions, consisting of Logo WMS Platform and Logo WMS; and Logo Mobile Sales.

Logo Yazilim Sanayi ve Ticaret Fundamentals Summary

How do Logo Yazilim Sanayi ve Ticaret's earnings and revenue compare to its market cap?
LOGO fundamental statistics
Market Cap₺3.85b
Earnings (TTM)₺302.52m
Revenue (TTM)₺896.51m

12.7x

P/E Ratio

4.3x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
LOGO income statement (TTM)
Revenue₺896.51m
Cost of Revenue₺175.73m
Gross Profit₺720.79m
Other Expenses₺418.27m
Earnings₺302.52m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)3.03
Gross Margin80.40%
Net Profit Margin33.74%
Debt/Equity Ratio26.7%

How did LOGO perform over the long term?

See historical performance and comparison

Dividends

2.3%

Current Dividend Yield

29%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is LOGO 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-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings 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 LOGO?

Other financial metrics that can be useful for relative valuation.

LOGO 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/Revenue4x
Enterprise Value/EBITDA13.8x
PEG Ratio0.4x

Price to Earnings Ratio vs Peers

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

LOGO PE Ratio vs Peers
The above table shows the PE ratio for LOGO vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average17.6x
ATATP ATP Ticari Bilgisayar Agi ve Elektrik Guc Kaynaklari Uretim Pazarlama ve Ticaret
25.6xn/a₺2.1b
MIATK MIA Teknoloji Anonim Sirketi
18.5xn/a₺1.3b
KRONT Kron Telekomünikasyon Hizmetleri
14.6xn/a₺515.1m
LINK Link Bilgisayar Sistemleri Yazilimi ve Donanimi Sanayi ve Ticaret
11.8xn/a₺328.9m
LOGO Logo Yazilim Sanayi ve Ticaret
12.7x29.7%₺3.8b

Price-To-Earnings vs Peers: LOGO is good value based on its Price-To-Earnings Ratio (12.7x) compared to the peer average (17.6x).


Price to Earnings Ratio vs Industry

How does LOGO's PE Ratio compare vs other companies in the Asian Software Industry?

Price-To-Earnings vs Industry: LOGO is good value based on its Price-To-Earnings Ratio (12.7x) compared to the TR Software industry average (16.6x)


Price to Earnings Ratio vs Fair Ratio

What is LOGO'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.

LOGO PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio12.7x
Fair PE Ration/a

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


Share Price vs Fair Value

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

Below Fair Value: LOGO (TRY38.48) is trading below our estimate of fair value (TRY43.06)

Significantly Below Fair Value: LOGO is trading below fair value, but not by a significant amount.


Price to Earnings Growth Ratio

PEG Ratio: LOGO is good value based on its PEG Ratio (0.4x)


Discover undervalued companies

Future Growth

How is Logo Yazilim Sanayi ve Ticaret forecast to perform in the next 1 to 3 years based on estimates from 3 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


29.7%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: LOGO's forecast earnings growth (29.7% per year) is above the savings rate (8.9%).

Earnings vs Market: LOGO's earnings (29.7% per year) are forecast to grow faster than the TR market (17.3% per year).

High Growth Earnings: LOGO's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: LOGO's revenue (29% per year) is forecast to grow faster than the TR market (14.7% per year).

High Growth Revenue: LOGO's revenue (29% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: LOGO's Return on Equity is forecast to be very high in 3 years time (42.4%).


Discover growth companies

Past Performance

How has Logo Yazilim Sanayi ve Ticaret performed over the past 5 years?

Past Performance Score

5/6

Past Performance Score 5/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


39.3%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: LOGO has high quality earnings.

Growing Profit Margin: LOGO's current net profit margins (33.7%) are higher than last year (25.5%).


Past Earnings Growth Analysis

Earnings Trend: LOGO's earnings have grown significantly by 39.3% per year over the past 5 years.

Accelerating Growth: LOGO's earnings growth over the past year (103.7%) exceeds its 5-year average (39.3% per year).

Earnings vs Industry: LOGO earnings growth over the past year (103.7%) underperformed the Software industry 117.4%.


Return on Equity

High ROE: LOGO's Return on Equity (34.1%) is considered high.


Discover strong past performing companies

Financial Health

How is Logo Yazilim Sanayi ve Ticaret'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: LOGO's short term assets (TRY731.4M) exceed its short term liabilities (TRY645.5M).

Long Term Liabilities: LOGO's short term assets (TRY731.4M) exceed its long term liabilities (TRY256.9M).


Debt to Equity History and Analysis

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

Reducing Debt: LOGO's debt to equity ratio has reduced from 47% to 26.7% over the past 5 years.

Debt Coverage: LOGO's debt is well covered by operating cash flow (183.9%).

Interest Coverage: LOGO earns more interest than it pays, so coverage of interest payments is not a concern.


Balance Sheet


Discover healthy companies

Dividend

What is Logo Yazilim Sanayi ve Ticaret current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.34%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: LOGO's dividend (2.34%) is higher than the bottom 25% of dividend payers in the TR market (0.71%).

High Dividend: LOGO's dividend (2.34%) is low compared to the top 25% of dividend payers in the TR market (3.76%).


Stability and Growth of Payments

Stable Dividend: Too early to tell whether LOGO's dividend payments have been stable as they only just started paying a dividend.

Growing Dividend: Too early to tell if LOGO's dividend payments are increasing as they only just started paying a dividend.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (28.7%), LOGO's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (31%), LOGO's dividend payments are well covered by cash flows.


Discover strong dividend paying companies

Management

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

2.2yrs

Average management tenure


CEO

Mehmut Koyuncu

10.75yrs

Tenure

Mr. Mehmut Bugra Koyuncu has been the Chief Executive Officer at Logo Yazilim Sanayi ve Ticaret AS October 1, 2011 and also serves as its Vice Chairman of the Board and has been its Director since May 3, 2...


Leadership Team

Experienced Management: LOGO's management team is considered experienced (2.2 years average tenure).


Board Members

Experienced Board: LOGO's board of directors are not considered experienced ( 1.8 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

Logo Yazilim Sanayi ve Ticaret A.S.'s employee growth, exchange listings and data sources


Key Information

  • Name: Logo Yazilim Sanayi ve Ticaret A.S.
  • Ticker: LOGO
  • Exchange: IBSE
  • Founded: 1984
  • Industry: Application Software
  • Sector: Software
  • Implied Market Cap: ₺3.848b
  • Shares outstanding: 100.00m
  • Website: https://www.logo.com.tr

Number of Employees


Location

  • Logo Yazilim Sanayi ve Ticaret A.S.
  • Gebze Organize Sanayi BOelgesi
  • Sahabettin Bilgisu Caddesi No: 609
  • Gebze
  • 41400
  • Turkey

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/07/03 00:00
End of Day Share Price2022/07/01 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.