AYGAZ Stock Overview
Aygaz A.S., together with its subsidiaries, purchases and delivers liquid petroleum gas (LPG) to retailers for distribution to customers in Turkey.
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Price History & Performance
|Historical stock prices|
|Current Share Price||₺46.90|
|52 Week High||₺64.83|
|52 Week Low||₺20.99|
|1 Month Change||8.26%|
|3 Month Change||-5.91%|
|1 Year Change||114.09%|
|3 Year Change||196.99%|
|5 Year Change||132.81%|
|Change since IPO||419,286.57%|
Recent News & Updates
|AYGAZ||TR Gas Utilities||TR Market|
Return vs Industry: AYGAZ exceeded the TR Gas Utilities industry which returned -7.3% over the past year.
Return vs Market: AYGAZ exceeded the TR Market which returned 95.8% over the past year.
|AYGAZ Average Weekly Movement||10.0%|
|Gas Utilities Industry Average Movement||4.8%|
|Market Average Movement||6.8%|
|10% most volatile stocks in TR Market||9.8%|
|10% least volatile stocks in TR Market||4.6%|
Stable Share Price: AYGAZ is more volatile than 90% of TR stocks over the past 3 months, typically moving +/- 10% a week.
Volatility Over Time: AYGAZ's weekly volatility (10%) has been stable over the past year, but is still higher than 75% of TR stocks.
About the Company
Aygaz A.S., together with its subsidiaries, purchases and delivers liquid petroleum gas (LPG) to retailers for distribution to customers in Turkey. The company operates through three segments: Gas and Petroleum Products, Electricity, and Other. It also manufactures LPG cylinders, LPG tanks, valves, and other supplementary materials; and cylinder-hood sets and hoses, regulators, small cylinder gas devices, barbecues, and patio heaters.
Aygaz Fundamentals Summary
|AYGAZ fundamental statistics|
Is AYGAZ overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AYGAZ income statement (TTM)|
|Cost of Revenue||₺24.61b|
Last Reported Earnings
Jun 30, 2022
Next Earnings Date
|Earnings per share (EPS)||8.10|
|Net Profit Margin||6.73%|
How did AYGAZ perform over the long term?See historical performance and comparison
1.5%Current Dividend Yield
Is AYGAZ undervalued compared to its fair value, analyst forecasts and its price relative to the market?
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
Key Valuation Metric
Which metric is best to use when looking at relative valuation for AYGAZ?
Other financial metrics that can be useful for relative valuation.
|What is AYGAZ's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does AYGAZ's PE Ratio compare to its peers?
|AYGAZ PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
BASGZ Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi
ODAS Odas Elektrik Üretim Sanayi Ticaret
ENJSA Enerjisa Enerji
AYDEM Aydem Yenilenebilir Enerji
Price-To-Earnings vs Peers: AYGAZ is good value based on its Price-To-Earnings Ratio (5.8x) compared to the peer average (15.9x).
Price to Earnings Ratio vs Industry
How does AYGAZ's PE Ratio compare vs other companies in the Asian Gas Utilities Industry?
Price-To-Earnings vs Industry: AYGAZ is good value based on its Price-To-Earnings Ratio (5.8x) compared to the Asian Gas Utilities industry average (16.2x)
Price to Earnings Ratio vs Fair Ratio
What is AYGAZ'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.
|Current PE Ratio||5.8x|
|Fair PE Ratio||3.9x|
Price-To-Earnings vs Fair Ratio: AYGAZ is expensive based on its Price-To-Earnings Ratio (5.8x) compared to the estimated Fair Price-To-Earnings Ratio (3.9x).
Share Price vs Fair Value
What is the Fair Price of AYGAZ when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: AYGAZ (TRY46.9) is trading above our estimate of fair value (TRY30.69)
Significantly Below Fair Value: AYGAZ is trading above our estimate of fair value.
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
Analyst Forecast: Target price is less than 20% higher than the current share price.
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How is Aygaz forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?
Future Growth Score1/6
Future Growth Score 1/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AYGAZ's earnings are forecast to decline over the next 3 years (-57.8% per year).
Earnings vs Market: AYGAZ's earnings are forecast to decline over the next 3 years (-57.8% per year).
High Growth Earnings: AYGAZ's earnings are forecast to decline over the next 3 years.
Revenue vs Market: AYGAZ's revenue (18.9% per year) is forecast to grow faster than the TR market (16.4% per year).
High Growth Revenue: AYGAZ's revenue (18.9% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AYGAZ's Return on Equity is forecast to be low in 3 years time (10.7%).
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How has Aygaz performed over the past 5 years?
Past Performance Score5/6
Past Performance Score 5/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AYGAZ has a high level of non-cash earnings.
Growing Profit Margin: AYGAZ's current net profit margins (6.7%) are higher than last year (3%).
Past Earnings Growth Analysis
Earnings Trend: AYGAZ's earnings have grown by 15.1% per year over the past 5 years.
Accelerating Growth: AYGAZ's earnings growth over the past year (416%) exceeds its 5-year average (15.1% per year).
Earnings vs Industry: AYGAZ earnings growth over the past year (416%) exceeded the Gas Utilities industry -0.2%.
Return on Equity
High ROE: AYGAZ's Return on Equity (42.7%) is considered outstanding.
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How is Aygaz's financial position?
Financial Health Score3/6
Financial Health Score 3/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: AYGAZ's short term assets (TRY6.3B) exceed its short term liabilities (TRY5.8B).
Long Term Liabilities: AYGAZ's short term assets (TRY6.3B) exceed its long term liabilities (TRY2.1B).
Debt to Equity History and Analysis
Debt Level: AYGAZ's net debt to equity ratio (50.5%) is considered high.
Reducing Debt: AYGAZ's debt to equity ratio has increased from 27.8% to 89.2% over the past 5 years.
Debt Coverage: AYGAZ's operating cash flow is negative, therefore debt is not well covered.
Interest Coverage: AYGAZ's interest payments on its debt are well covered by EBIT (3x coverage).
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What is Aygaz current dividend yield, its reliability and sustainability?
Dividend Score 3/6
Cash Flow Coverage
Current Dividend Yield
Dividend Yield vs Market
|Aygaz Dividend Yield vs Market|
|Market Bottom 25% (TR)||0.6%|
|Market Top 25% (TR)||3.0%|
|Industry Average (Gas Utilities)||2.9%|
|Analyst forecast in 3 Years (Aygaz)||6.3%|
Notable Dividend: AYGAZ's dividend (1.46%) is higher than the bottom 25% of dividend payers in the TR market (0.63%).
High Dividend: AYGAZ's dividend (1.46%) is low compared to the top 25% of dividend payers in the TR market (3.06%).
Stability and Growth of Payments
Stable Dividend: AYGAZ's dividends per share have been stable in the past 10 years.
Growing Dividend: AYGAZ's dividend payments have not increased over the past 10 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (8.4%), AYGAZ's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: AYGAZ is paying a dividend but the company has no free cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Mr. Gökhan Tezel has been General Manager at Aygaz Anonim Sirketi since October 2015 and served as its Assistant General Manager of Finance since December 1, 2009. Mr. Tezel began his career in 1993 as a f...
Experienced Management: AYGAZ's management team is considered experienced (4.6 years average tenure).
Experienced Board: AYGAZ's board of directors are considered experienced (7.6 years average tenure).
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.
|Owner Type||Number of Shares||Ownership Percentage|
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
|Ownership||Name||Shares||Current Value||Change %||Portfolio %|
Aygaz A.S.'s employee growth, exchange listings and data sources
- Name: Aygaz A.S.
- Ticker: AYGAZ
- Exchange: IBSE
- Founded: 1961
- Industry: Gas Utilities
- Sector: Utilities
- Implied Market Cap: ₺10.309b
- Shares outstanding: 219.80m
- Website: https://www.aygaz.com.tr
Number of Employees
- Aygaz A.S.
- BUeyUekdere Caddesi
- No: 145/1 Zincirlikuyu
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AYGAZ||IBSE (Borsa Istanbul (BIST))||Yes||Ordinary Shares||TR||TRY||Jun 1992|
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/10/03 00:00|
|End of Day Share Price||2022/10/03 00:00|
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.