OTCPK:AKBT.Y

Stock Analysis Report

Executive Summary

Akbank T.A.S. provides various banking products and services.

Snowflake

Fundamentals

Very undervalued with excellent balance sheet and pays a dividend.

Risks

  • Akbank T.A.S has significant price volatility in the past 3 months.

Share Price & News

How has Akbank T.A.S's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-11.1%

OTCPK:AKBT.Y

-2.6%

US Banks

-1.0%

US Market


1 Year Return

25.8%

OTCPK:AKBT.Y

-14.2%

US Banks

-0.4%

US Market

AKBT.Y outperformed the Banks industry which returned -14.2% over the past year.

AKBT.Y outperformed the Market in United States of America which returned -0.4% over the past year.


Share holder returns

AKBT.YIndustryMarket
7 Day-11.1%-2.6%-1.0%
30 Day-10.7%-6.3%-3.3%
90 Day31.0%-3.5%0.8%
1 Year40.5%25.8%-11.8%-14.2%1.9%-0.4%
3 Year-49.2%-56.7%42.2%32.4%39.4%30.4%
5 Year-60.9%-67.5%53.3%36.7%54.2%37.1%

Price Volatility Vs. Market

How volatile is Akbank T.A.S's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Akbank T.A.S undervalued based on future cash flows and its price relative to the stock market?

>50%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Akbank T.A.S's share price is below the future cash flow value, and at a moderate discount (> 20%).

Akbank T.A.S's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Akbank T.A.S is good value based on earnings compared to the US Banks industry average.

Akbank T.A.S is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Akbank T.A.S is good value based on expected growth next year.


Price Based on Value of Assets

Akbank T.A.S is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Akbank T.A.S expected to perform in the next 1 to 3 years based on estimates from 13 analysts?

19.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Akbank T.A.S's revenue is expected to grow by 12.4% yearly, however this is not considered high growth (20% yearly).

Akbank T.A.S's earnings are expected to grow by 19.1% yearly, however this is not considered high growth (20% yearly).

Akbank T.A.S's revenue growth is expected to exceed the United States of America market average.

Akbank T.A.S's earnings growth is expected to exceed the United States of America market average.

Akbank T.A.S's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Akbank T.A.S is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Akbank T.A.S performed over the past 5 years?

15.2%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Akbank T.A.S's year on year earnings growth rate has been positive over the past 5 years.

Akbank T.A.S's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Akbank T.A.S's 1-year earnings growth is negative, it can't be compared to the US Banks industry average.


Return on Equity

Akbank T.A.S has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Akbank T.A.S used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Akbank T.A.S improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is Akbank T.A.S's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet


Financial Institutions Analysis

Akbank T.A.S has an acceptable proportion of non-loan assets held.

Akbank T.A.S has a sufficient allowance for bad loans.

Akbank T.A.S's liabilities are made up of primarily low risk sources of funding.

Akbank T.A.S's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Akbank T.A.S are broadly funded by customer deposits.

Akbank T.A.S has a high level of bad loans (greater than 2%).


Next Steps

Dividend

What is Akbank T.A.S's current dividend yield, its reliability and sustainability?

5.82%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Akbank T.A.S's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Akbank T.A.S's dividend is above the markets top 25% of dividend payers in United States of America (3.84%).

Akbank T.A.S has been paying a dividend for less than 10 years and during this time payments have been volatile (annual drop of over 20%).

Dividend payments have increased, but Akbank T.A.S only paid a dividend in the past 9 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.9x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (4x coverage).


Next Steps

Management

What is the CEO of Akbank T.A.S's salary, the management and board of directors tenure and is there insider trading?

3.1yrs

Average management tenure


CEO

Sabri Binbasgil (59yo)

7.6yrs

Tenure

Mr. Sabri Hakan Binbasgil has been the Chief Executive Officer at Akbank T.A.S. since January 2012 and serves as its Member of International Advisory Board. Mr. Binbasgil served as the Deputy Chief Executi ...


Management Age and Tenure

3.1yrs

Average Tenure

63yo

Average Age

The tenure for the Akbank T.A.S management team is about average.


Board Age and Tenure

9.1yrs

Average Tenure

63yo

Average Age

The tenure for the Akbank T.A.S board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Pinar Anapa

    Executive Vice President of Human Resources

    • Tenure: 0.2yrs
  • Ilker Altintas

    Executive Vice President of Technology & Operations

    • Tenure: 2.6yrs
  • Kamile Ebru GÜVENIR

    Senior Vice President of Investor Relations & Sustainability

  • Türker Tunali

    Chief Financial Officer

    • Tenure: 1.8yrs
  • Sabri Binbasgil (59yo)

    CEO & Member of International Advisory Board

    • Tenure: 7.6yrs
  • Erol Sabanci (81yo)

    Honorary Chairman & Consultant

    • Tenure: 52.6yrs
  • Savas Külcü

    Head of Internal Control & Compliance

    • Tenure: 3.6yrs
  • Hayri Çulhaci (63yo)

    Executive Vice Chairman & Member of International Advisory Board

  • Josh Ellis

    Chief Information Risk Officer

    • Tenure: 2.2yrs
  • Eyüp Engin

    Head of Internal Audit & Executive Director

    • Tenure: 12.1yrs

Board Members

  • Emre Derman (52yo)

    Board Member

    • Tenure: 4.4yrs
  • Sabri Binbasgil (59yo)

    CEO & Member of International Advisory Board

  • Lubna Al-Olayan (63yo)

    Member of International Advisory Board

  • Win Bischoff (77yo)

    Member of International Advisory Board

  • Erol Sabanci (81yo)

    Honorary Chairman & Consultant

    • Tenure: 11.4yrs
  • Suzan Sabanci Dinçer (54yo)

    Chairman & Chairman of International Advisory Board

    • Tenure: 11.4yrs
  • Hayri Çulhaci (63yo)

    Executive Vice Chairman & Member of International Advisory Board

    • Tenure: 9.1yrs
  • Ahmet Ayla (54yo)

    Executive Board Member & Member of International Advisory Board

    • Tenure: 2.1yrs
  • Sakir Törüner (70yo)

    Director

    • Tenure: 21.4yrs
  • Eyüp Engin

    Head of Internal Audit & Executive Director

    • Tenure: 0.4yrs

Company Information

Akbank T.A.S.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Akbank T.A.S.
  • Ticker: AKBT.Y
  • Exchange: OTCPK
  • Founded: 1948
  • Industry: diversified banks
  • Sector: banks
  • Market Cap: YTL36.036b
  • Listing Market Cap: YTL6.461b
  • Shares outstanding: 5.20b
  • Website: Click here

Number of Employees


Location

  • Akbank T.A.S.
  • Sabanci Center
  • 4.Levent
  • Istanbul
  • 34330
  • Turkey

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AKBNKIBSE (Borsa Istanbul (BIST))YesCommon StockTRTRYDec 1990
AKBT.YOTCPK (Pink Sheets LLC)ADRUSUSDJan 2005
AKB2DB (Deutsche Boerse AG)ADRDEEURJan 2005

Biography

Akbank T.A.S. provides various banking products and services. It operates through three segments: Retail Banking; Commercial Banking, SME Banking, and Corporate-Investment and Private Banking; and Treasury ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/17 23:56
End of Day Share Price2019/08/16 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.