OTCPK:TKGB.F

Stock Analysis Report

Turkiye Garanti Bankasi

Executive Summary

Turkiye Garanti Bankasi A.S. provides various banking products and services.

Snowflake

Fundamentals

Very undervalued with adequate balance sheet and pays a dividend.

Share Price & News

How has Turkiye Garanti Bankasi's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:TKGB.F

-2.6%

US Banks

-1.0%

US Market


1 Year Return

65.3%

OTCPK:TKGB.F

-14.2%

US Banks

-0.4%

US Market

TKGB.F outperformed the Banks industry which returned -14.2% over the past year.

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


Share holder returns

TKGB.FIndustryMarket
7 Day0%-2.6%-1.0%
30 Day0%-6.3%-3.3%
90 Dayn/a-3.5%0.8%
1 Year65.3%65.3%-11.8%-14.2%1.9%-0.4%
3 Yearn/a42.2%32.4%39.4%30.4%
5 Year-58.1%-58.1%53.3%36.7%54.2%37.1%

Price Volatility Vs. Market

How volatile is Turkiye Garanti Bankasi's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Turkiye Garanti Bankasi 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

Turkiye Garanti Bankasi's share price is below the future cash flow value, and at a moderate discount (> 20%).

Turkiye Garanti Bankasi's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Turkiye Garanti Bankasi is good value based on earnings compared to the US Banks industry average.

Turkiye Garanti Bankasi is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Turkiye Garanti Bankasi is good value based on expected growth next year.


Price Based on Value of Assets

Turkiye Garanti Bankasi is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Turkiye Garanti Bankasi expected to perform in the next 1 to 3 years based on estimates from 7 analysts?

18.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Turkiye Garanti Bankasi's revenue is expected to grow by 13.2% yearly, however this is not considered high growth (20% yearly).

Turkiye Garanti Bankasi's earnings are expected to grow by 18.3% yearly, however this is not considered high growth (20% yearly).

Turkiye Garanti Bankasi's revenue growth is expected to exceed the United States of America market average.

Turkiye Garanti Bankasi's earnings growth is expected to exceed the United States of America market average.

Turkiye Garanti Bankasi's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Turkiye Garanti Bankasi is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Turkiye Garanti Bankasi performed over the past 5 years?

17.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Turkiye Garanti Bankasi's year on year earnings growth rate has been positive over the past 5 years.

Turkiye Garanti Bankasi's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Turkiye Garanti Bankasi's 1-year earnings growth is negative, it can't be compared to the US Banks industry average.


Return on Equity

Turkiye Garanti Bankasi has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Turkiye Garanti Bankasi 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 Turkiye Garanti Bankasi 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 Turkiye Garanti Bankasi'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

Turkiye Garanti Bankasi has an acceptable proportion of non-loan assets held.

Turkiye Garanti Bankasi has a low allowance for bad loans.

Turkiye Garanti Bankasi's liabilities are made up of primarily low risk sources of funding.

Turkiye Garanti Bankasi's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at Turkiye Garanti Bankasi are broadly funded by customer deposits.

Turkiye Garanti Bankasi has a high level of bad loans (greater than 2%).


Next Steps

Dividend

What is Turkiye Garanti Bankasi's current dividend yield, its reliability and sustainability?

7.09%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Turkiye Garanti Bankasi's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

Turkiye Garanti Bankasi's dividend is above the markets top 25% of dividend payers in United States of America (3.84%).

Whilst dividend payments have been stable, Turkiye Garanti Bankasi has been paying a dividend for less than 10 years.

Dividend payments have increased, but Turkiye Garanti Bankasi only paid a dividend in the past 9 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (3.6x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (3.7x coverage).


Next Steps

Management

What is the CEO of Turkiye Garanti Bankasi's salary, the management and board of directors tenure and is there insider trading?

3.8yrs

Average management tenure


CEO

Ali Erbil (51yo)

3.9yrs

Tenure

Mr. Ali Fuat Erbil has been the President and Chief Executive Officer of Turkiye Garanti Bankasi A.S. since September 30, 2015. Mr. Erbil served as General Manager of Turkiye Garanti Bankasi A.S. He serves ...


Management Age and Tenure

3.8yrs

Average Tenure

51yo

Average Age

The tenure for the Turkiye Garanti Bankasi management team is about average.


Board Age and Tenure

4.5yrs

Average Tenure

55.5yo

Average Age

The tenure for the Turkiye Garanti Bankasi board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Avni Düren (51yo)

    Executive Vice President of Legal Services & Collection

    • Tenure: 2.8yrs
  • Ali Temel (51yo)

    Executive VP & Chief Credit Risk Officer

    • Tenure: 18.6yrs
  • Metin Kiliç

    Senior Vice President of Assets & Liabilities Management

  • Fulya Göyenç

    Senior Vice President of Corporate Banking Coordination

  • Osman Tüzün

    Executive Vice President of Human Resources & Support Services

    • Tenure: 4.0yrs
  • Handan Saygin

    Senior Vice President of Investor Relations Department

  • Aydin Güler

    Executive Vice President of ALM

    • Tenure: 3.7yrs
  • Luis Francisco González

    Co-Director for Global Markets

    • Tenure: 1.1yrs
  • Ali Erbil (51yo)

    President

    • Tenure: 3.9yrs
  • Emre Özbek

    Head of Compliance


Board Members

  • Muammer Sezgin (58yo)

    Director

    • Tenure: 15.2yrs
  • Süleyman Sözen (73yo)

    Chairman of the Board

    • Tenure: 21.9yrs
  • Rafael Martínez de Lecea (56yo)

    Director

    • Tenure: 2.3yrs
  • Ali Erbil (51yo)

    President

    • Tenure: 3.9yrs
  • Javier Dionis

    Director

    • Tenure: 4.1yrs
  • Ricardo Barredo (55yo)

    Independent Director

    • Tenure: 2.3yrs
  • Belkis Yurdum

    Independent Director

    • Tenure: 6.3yrs
  • Sait Özen (59yo)

    Director

    • Tenure: 16.3yrs
  • Jaime Saenz de Tejada Pulido (51yo)

    Director

    • Tenure: 4.8yrs
  • Jorge Saenz- Azcunaga Carranza (48yo)

    Vice Chairman of the Board

    • Tenure: 1.9yrs

Company Information

Turkiye Garanti Bankasi A.S.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Turkiye Garanti Bankasi A.S.
  • Ticker: TKGB.F
  • Exchange: OTCPK
  • Founded: 1946
  • Industry: diversified banks
  • Sector: banks
  • Market Cap: YTL37.506b
  • Listing Market Cap: YTL6.724b
  • Shares outstanding: 4.20b
  • Website: Click here

Number of Employees


Location

  • Turkiye Garanti Bankasi A.S.
  • Levent Nispetiye Mah.Aytar Cad.
  • No:2 Besiktas
  • Istanbul
  • 34340
  • Turkey

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GARANIBSE (Borsa Istanbul (BIST))YesCommon StockTRTRYJun 1992
TKGB.FOTCPK (Pink Sheets LLC)YesCommon StockUSUSDJun 1992
TKGB.YOTCPK (Pink Sheets LLC)SPONSORED ADRUSUSDSep 2000
TGBDLSE (London Stock Exchange)SPONSORED ADRGBUSDSep 2000

Biography

Turkiye Garanti Bankasi A.S. provides various banking products and services. It offers current, savings, time and term deposit, ELMA, and deposit accounts; mutual funds, T-bills/government bonds, Eurobonds ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/18 00:24
End of Day Share Price2019/07/01 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.