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ENJS

Enerjisa Enerji IBSE:ENJSA Stock Report

Last Price

₺15.37

Market Cap

₺18.2b

7D

1.8%

1Y

46.0%

Updated

07 Aug, 2022

Data

Company Financials +
ENJSA fundamental analysis
Snowflake Score
Valuation3/6
Future Growth4/6
Past Performance3/6
Financial Health2/6
Dividends3/6

ENJSA Stock Overview

Enerjisa Enerji A.S. provides electricity distribution, retail sales, and customer solutions in Turkey.

Enerjisa Enerji Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Enerjisa Enerji
Historical stock prices
Current Share Price₺15.37
52 Week High₺17.20
52 Week Low₺10.15
Beta0.75
1 Month Change15.91%
3 Month Change10.10%
1 Year Change45.96%
3 Year Change154.47%
5 Year Changen/a
Change since IPO133.59%

Recent News & Updates

Shareholder Returns

ENJSATR Electric UtilitiesTR Market
7D1.8%13.9%4.7%
1Y46.0%165.0%71.6%

Return vs Industry: ENJSA underperformed the TR Electric Utilities industry which returned 165% over the past year.

Return vs Market: ENJSA underperformed the TR Market which returned 71.6% over the past year.

Price Volatility

Is ENJSA's price volatile compared to industry and market?
ENJSA volatility
ENJSA Average Weekly Movement3.8%
Electric Utilities Industry Average Movement6.6%
Market Average Movement5.9%
10% most volatile stocks in TR Market8.8%
10% least volatile stocks in TR Market4.2%

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

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

About the Company

FoundedEmployeesCEOWebsite
199611,355Murat Pinarhttps://www.enerjisa.com.tr

Enerjisa Enerji A.S. provides electricity distribution, retail sales, and customer solutions in Turkey. The company operates in two segments, Electricity Distribution and Retail. The Electricity Distribution segment engages in the transmission of electricity over lines to the end users through distribution networks.

Enerjisa Enerji Fundamentals Summary

How do Enerjisa Enerji's earnings and revenue compare to its market cap?
ENJSA fundamental statistics
Market Cap₺18.15b
Earnings (TTM)₺1.94b
Revenue (TTM)₺42.19b

9.3x

P/E Ratio

0.4x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
ENJSA income statement (TTM)
Revenue₺42.19b
Cost of Revenue₺33.19b
Gross Profit₺9.00b
Other Expenses₺7.06b
Earnings₺1.94b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

Aug 09, 2022

Earnings per share (EPS)1.65
Gross Margin21.34%
Net Profit Margin4.61%
Debt/Equity Ratio188.2%

How did ENJSA perform over the long term?

See historical performance and comparison

Dividends

8.1%

Current Dividend Yield

75%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

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

Valuation Score

3/6

Valuation Score 3/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

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

Other financial metrics that can be useful for relative valuation.

ENJSA 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/Revenue0.7x
Enterprise Value/EBITDA6x
PEG Ratio0.4x

Price to Earnings Ratio vs Peers

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

ENJSA PE Ratio vs Peers
The above table shows the PE ratio for ENJSA vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average13.6x
CANTE Çan2 Termik
24.7xn/a₺22.5b
ODAS Odas Elektrik Üretim Sanayi Ticaret
9.1x28.9%₺5.6b
AYEN Ayen Enerji
15.7xn/a₺5.2b
PRKME Park Elektrik Üretim Madencilik Sanayi ve Ticaret
4.8xn/a₺1.3b
ENJSA Enerjisa Enerji
9.3x25.1%₺18.2b

Price-To-Earnings vs Peers: ENJSA is good value based on its Price-To-Earnings Ratio (9.3x) compared to the peer average (13.6x).


Price to Earnings Ratio vs Industry

How does ENJSA's PE Ratio compare vs other companies in the Asian Electric Utilities Industry?

Price-To-Earnings vs Industry: ENJSA is expensive based on its Price-To-Earnings Ratio (9.3x) compared to the TR Electric Utilities industry average (9.3x)


Price to Earnings Ratio vs Fair Ratio

What is ENJSA'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.

ENJSA PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio9.3x
Fair PE Ratio13.2x

Price-To-Earnings vs Fair Ratio: ENJSA is good value based on its Price-To-Earnings Ratio (9.3x) compared to the estimated Fair Price-To-Earnings Ratio (13.2x).


Share Price vs Fair Value

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

Below Fair Value: ENJSA (TRY15.37) is trading below our estimate of fair value (TRY18.1)

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


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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Future Growth

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

Future Growth Score

4/6

Future Growth Score 4/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


25.1%

Forecasted annual earnings growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: ENJSA's forecast earnings growth (25.1% per year) is above the savings rate (8.9%).

Earnings vs Market: ENJSA's earnings (25.1% per year) are forecast to grow faster than the TR market (14.5% per year).

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

Revenue vs Market: ENJSA's revenue (11.6% per year) is forecast to grow slower than the TR market (14.9% per year).

High Growth Revenue: ENJSA's revenue (11.6% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: ENJSA's Return on Equity is forecast to be high in 3 years time (26.9%)


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Past Performance

How has Enerjisa Enerji performed over the past 5 years?

Past Performance Score

3/6

Past Performance Score 3/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


21.8%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: ENJSA has a high level of non-cash earnings.

Growing Profit Margin: ENJSA's current net profit margins (4.6%) are lower than last year (5.8%).


Past Earnings Growth Analysis

Earnings Trend: ENJSA's earnings have grown significantly by 21.8% per year over the past 5 years.

Accelerating Growth: ENJSA's earnings growth over the past year (52%) exceeds its 5-year average (21.8% per year).

Earnings vs Industry: ENJSA earnings growth over the past year (52%) exceeded the Electric Utilities industry 2.6%.


Return on Equity

High ROE: Whilst ENJSA's Return on Equity (24.09%) is high, this metric is skewed due to their high level of debt.


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Financial Health

How is Enerjisa Enerji's financial position?

Financial Health Score

2/6

Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: ENJSA's short term assets (TRY18.0B) do not cover its short term liabilities (TRY22.5B).

Long Term Liabilities: ENJSA's short term assets (TRY18.0B) exceed its long term liabilities (TRY6.0B).


Debt to Equity History and Analysis

Debt Level: ENJSA's net debt to equity ratio (143.4%) is considered high.

Reducing Debt: ENJSA's debt to equity ratio has increased from 138.8% to 188.2% over the past 5 years.

Debt Coverage: ENJSA's debt is not well covered by operating cash flow (8.7%).

Interest Coverage: ENJSA's interest payments on its debt are well covered by EBIT (3.4x coverage).


Balance Sheet


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Dividend

What is Enerjisa Enerji 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

  • Cash Flow Coverage


8.07%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: ENJSA's dividend (8.07%) is higher than the bottom 25% of dividend payers in the TR market (0.67%).

High Dividend: ENJSA's dividend (8.07%) is in the top 25% of dividend payers in the TR market (3.33%)


Stability and Growth of Payments

Stable Dividend: Whilst dividend payments have been stable, ENJSA has been paying a dividend for less than 10 years.

Growing Dividend: ENJSA's dividend payments have increased, but the company has only paid a dividend for 4 years.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (75.4%), ENJSA's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: ENJSA is paying a dividend but the company has no free cash flows.


Discover strong dividend paying companies

Management

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

1.8yrs

Average management tenure


CEO

Murat Pinar

2.75yrs

Tenure

Mr. Murat Pinar has been Chief Executive Officer at Enerjisa Enerji A.S. since November 01, 2019 and served as its Chief Officer of Distribution Business Unit until November 01, 2019. Mr. Pinar joined Ener...


Leadership Team

Experienced Management: ENJSA's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Members

Experienced Board: ENJSA's board of directors are not considered experienced ( 1.3 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

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


Key Information

  • Name: Enerjisa Enerji A.S.
  • Ticker: ENJSA
  • Exchange: IBSE
  • Founded: 1996
  • Industry: Electric Utilities
  • Sector: Utilities
  • Implied Market Cap: ₺18.153b
  • Shares outstanding: 1.18b
  • Website: https://www.enerjisa.com.tr

Number of Employees


Location

  • Enerjisa Enerji A.S.
  • Barbaros Mahallesi
  • Begonya Sokak
  • Istanbul
  • 34748
  • Turkey

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/07 00:00
End of Day Share Price2022/08/05 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.