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TCEL

Turkcell Iletisim Hizmetleri IBSE:TCELL Stock Report

Last Price

₺17.50

Market Cap

₺38.9b

7D

-1.2%

1Y

2.8%

Updated

27 Jun, 2022

Data

Company Financials +
TCELL fundamental analysis
Snowflake Score
Valuation6/6
Future Growth5/6
Past Performance2/6
Financial Health3/6
Dividends3/6

TCELL Stock Overview

Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Northern Cyprus, Germany, and the Netherlands.

Turkcell Iletisim Hizmetleri Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Turkcell Iletisim Hizmetleri
Historical stock prices
Current Share Price₺17.50
52 Week High₺24.02
52 Week Low₺14.81
Beta0.65
1 Month Change-7.90%
3 Month Change-20.53%
1 Year Change2.82%
3 Year Change29.92%
5 Year Change49.96%
Change since IPO46.95%

Recent News & Updates

Shareholder Returns

TCELLTR Wireless TelecomTR Market
7D-1.2%1.7%1.3%
1Y2.8%-3.5%61.7%

Return vs Industry: TCELL exceeded the TR Wireless Telecom industry which returned -3.5% over the past year.

Return vs Market: TCELL underperformed the TR Market which returned 61.7% over the past year.

Price Volatility

Is TCELL's price volatile compared to industry and market?
TCELL volatility
TCELL Average Weekly Movement4.5%
Wireless Telecom Industry Average Movement4.1%
Market Average Movement5.9%
10% most volatile stocks in TR Market8.7%
10% least volatile stocks in TR Market4.1%

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

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

About the Company

FoundedEmployeesCEOWebsite
1993n/aMurat Erkanhttps://www.turkcell.com.tr

Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Northern Cyprus, Germany, and the Netherlands. It operates through Turkcell Turkey, Turkcell International, and Techfin segments. It offers work contact services consisting of mobile communications, fixed business internet and business phone, and customer loyalty and programs.

Turkcell Iletisim Hizmetleri Fundamentals Summary

How do Turkcell Iletisim Hizmetleri's earnings and revenue compare to its market cap?
TCELL fundamental statistics
Market Cap₺38.86b
Earnings (TTM)₺4.73b
Revenue (TTM)₺38.79b

8.1x

P/E Ratio

1.0x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
TCELL income statement (TTM)
Revenue₺38.79b
Cost of Revenue₺27.24b
Gross Profit₺11.54b
Other Expenses₺6.82b
Earnings₺4.73b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)2.17
Gross Margin29.76%
Net Profit Margin12.19%
Debt/Equity Ratio162.0%

How did TCELL perform over the long term?

See historical performance and comparison

Dividends

3.3%

Current Dividend Yield

26%

Payout Ratio

Does TCELL pay a reliable dividends?

See TCELL dividend history and benchmarks
When do you need to buy TCELL by to receive an upcoming dividend?
Turkcell Iletisim Hizmetleri dividend dates
Ex Dividend DateJul 26 2022
Dividend Pay DateJul 28 2022
Days until Ex dividend28 days
Days until Dividend pay date30 days

Does TCELL pay a reliable dividends?

See TCELL dividend history and benchmarks
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

6/6

Valuation Score 6/6

  • 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 TCELL?

Other financial metrics that can be useful for relative valuation.

TCELL 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/Revenue1.5x
Enterprise Value/EBITDA5.2x
PEG Ratio0.3x

Price to Earnings Ratio vs Peers

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

TCELL PE Ratio vs Peers
The above table shows the PE ratio for TCELL vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average23.8x
TTKOM Türk Telekomünikasyon Anonim Sirketi
6.5x22.0%₺32.9b
AFKS Sistema Financial
50.1x10.1%₽132.1b
STC Kuwait Telecommunications Company K.S.C.P
14.6x2.6%د.ك649.2m
EXCL XL Axiata
25.8x20.7%Rp28.6t
TCELL Turkcell Iletisim Hizmetleri
8.1x27.9%₺38.9b

Price-To-Earnings vs Peers: TCELL is good value based on its Price-To-Earnings Ratio (8.1x) compared to the peer average (23.8x).


Price to Earnings Ratio vs Industry

How does TCELL's PE Ratio compare vs other companies in the Asian Wireless Telecom Industry?

Price-To-Earnings vs Industry: TCELL is good value based on its Price-To-Earnings Ratio (8.1x) compared to the Asian Wireless Telecom industry average (19x)


Price to Earnings Ratio vs Fair Ratio

What is TCELL'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.

TCELL PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio8.1x
Fair PE Ratio8.4x

Price-To-Earnings vs Fair Ratio: TCELL is good value based on its Price-To-Earnings Ratio (8.1x) compared to the estimated Fair Price-To-Earnings Ratio (8.4x).


Share Price vs Fair Value

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

Below Fair Value: TCELL (TRY17.5) is trading below our estimate of fair value (TRY53.3)

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


Price to Earnings Growth Ratio

PEG Ratio: TCELL is good value based on its PEG Ratio (0.3x)


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Future Growth

How is Turkcell Iletisim Hizmetleri forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?

Future Growth Score

5/6

Future Growth Score 5/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


27.9%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TCELL's forecast earnings growth (27.9% per year) is above the savings rate (9%).

Earnings vs Market: TCELL's earnings (27.9% per year) are forecast to grow faster than the TR market (16.1% per year).

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

Revenue vs Market: TCELL's revenue (17.9% per year) is forecast to grow faster than the TR market (13.8% per year).

High Growth Revenue: TCELL's revenue (17.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TCELL's Return on Equity is forecast to be high in 3 years time (28.6%)


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Past Performance

How has Turkcell Iletisim Hizmetleri performed over the past 5 years?

Past Performance Score

2/6

Past Performance Score 2/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


25.9%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: TCELL has high quality earnings.

Growing Profit Margin: TCELL's current net profit margins (12.2%) are lower than last year (14.8%).


Past Earnings Growth Analysis

Earnings Trend: TCELL's earnings have grown significantly by 25.9% per year over the past 5 years.

Accelerating Growth: TCELL's earnings growth over the past year (5.8%) is below its 5-year average (25.9% per year).

Earnings vs Industry: TCELL earnings growth over the past year (5.8%) underperformed the Wireless Telecom industry 5.8%.


Return on Equity

High ROE: Whilst TCELL's Return on Equity (20.23%) is high, this metric is skewed due to their high level of debt.


Discover strong past performing companies

Financial Health

How is Turkcell Iletisim Hizmetleri'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: TCELL's short term assets (TRY32.2B) exceed its short term liabilities (TRY18.8B).

Long Term Liabilities: TCELL's short term assets (TRY32.2B) do not cover its long term liabilities (TRY33.2B).


Debt to Equity History and Analysis

Debt Level: TCELL's net debt to equity ratio (68.6%) is considered high.

Reducing Debt: TCELL's debt to equity ratio has increased from 64.7% to 162% over the past 5 years.

Debt Coverage: TCELL's debt is well covered by operating cash flow (58.3%).

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


Balance Sheet


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Dividend

What is Turkcell Iletisim Hizmetleri 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


3.27%

Current Dividend Yield

Upcoming Dividend Payment

TodayJun 27 2022Ex Dividend DateJul 26 2022Dividend Pay DateJul 28 20222 days from Ex DividendBuy in the next 28 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: TCELL's dividend (3.27%) is higher than the bottom 25% of dividend payers in the TR market (0.7%).

High Dividend: TCELL's dividend (3.27%) is low compared to the top 25% of dividend payers in the TR market (3.57%).


Stability and Growth of Payments

Stable Dividend: TCELL's dividend payments have been volatile in the past 10 years.

Growing Dividend: TCELL's dividend payments have fallen over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (26.4%), TCELL's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its low cash payout ratio (10.7%), TCELL's dividend payments are thoroughly covered by cash flows.


Discover strong dividend paying companies

Management

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

3.3yrs

Average management tenure


CEO

Murat Erkan (52 yo)

3.25yrs

Tenure

Mr. Murat Erkan has been the Chief Executive Officer of Turkcell Iletisim Hizmetleri A.S. since May 2019 and served as its Acting Chief Executive Officer from March 15, 2019 to May 2019. Mr. Erkan served a...


Leadership Team

Experienced Management: TCELL's management team is considered experienced (3.3 years average tenure).


Board Members

Experienced Board: TCELL'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

Turkcell Iletisim Hizmetleri A.S.'s employee growth, exchange listings and data sources


Key Information

  • Name: Turkcell Iletisim Hizmetleri A.S.
  • Ticker: TCELL
  • Exchange: IBSE
  • Founded: 1993
  • Industry: Wireless Telecommunication Services
  • Sector: Telecom
  • Implied Market Cap: ₺38.859b
  • Shares outstanding: 2.18b
  • Website: https://www.turkcell.com.tr

Number of Employees


Location

  • Turkcell Iletisim Hizmetleri A.S.
  • Turkcell Küçükyali Plaza
  • Aydinevler Mahallesi Inönü Caddesi No:20
  • Istanbul
  • 34854
  • Turkey

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/27 00:00
End of Day Share Price2022/06/27 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.