Turkiye Garanti Bankasi Future Growth

Future criteria checks 6/6

Turkiye Garanti Bankasi is forecast to grow earnings and revenue by 20.8% and 28.9% per annum respectively. EPS is expected to grow by 18.6% per annum. Return on equity is forecast to be 31.5% in 3 years.

Key information

20.8%

Earnings growth rate

18.6%

EPS growth rate

Banks earnings growth	10.5%
Revenue growth rate	28.9%
Future return on equity	31.5%
Analyst coverage	Good
Last updated	19 Feb 2024

Recent future growth updates

No updates

Recent updates

Earnings and Revenue Growth Forecasts

OTCPK:TKGB.F - Analysts future estimates and past financials data (TRY Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2026	365,589	142,523	N/A	N/A	1
12/31/2025	272,876	134,121	N/A	N/A	2
12/31/2024	141,317	72,897	N/A	N/A	1
12/31/2023	160,159	86,375	-460,759	-455,644	N/A
9/30/2023	146,984	76,933	-375,712	-371,508	N/A
6/30/2023	131,797	70,785	-423,914	-420,173	N/A
3/31/2023	119,405	65,436	-280,599	-277,266	N/A
12/31/2022	106,963	58,285	-276,288	-274,158	N/A
9/30/2022	86,177	42,610	-348,210	-345,876	N/A
6/30/2022	64,828	28,890	-278,060	-275,969	N/A
3/31/2022	50,431	19,017	-229,841	-228,495	N/A
12/31/2021	40,586	13,467	-191,672	-190,386	N/A
9/30/2021	29,386	10,899	-72,521	-70,865	N/A
6/30/2021	27,002	9,022	-87,797	-85,675	N/A
3/31/2021	25,208	7,659	-64,604	-62,631	N/A
12/31/2020	23,459	6,656	-79,764	-77,862	N/A
9/30/2020	23,666	6,410	-88,887	-87,921	N/A
6/30/2020	20,369	5,832	-40,580	-40,028	N/A
3/31/2020	19,114	6,091	-33,759	-33,168	N/A
12/31/2019	18,148	6,165	-20,147	-19,540	N/A
9/30/2019	18,948	5,983	44,286	45,568	N/A
6/30/2019	19,644	6,369	-6,467	-4,985	N/A
3/31/2019	19,422	6,372	-27,409	-25,609	N/A
12/31/2018	19,094	6,642	-29,033	-27,239	N/A
9/30/2018	17,467	6,907	-82,717	-81,838	N/A
6/30/2018	17,399	7,160	-48,928	-48,168	N/A
3/31/2018	16,534	6,803	-39,934	-39,101	N/A
12/31/2017	15,961	6,332	-27,552	-26,733	N/A
9/30/2017	16,306	6,220	N/A	-26,201	N/A
6/30/2017	14,687	5,596	N/A	-23,263	N/A
3/31/2017	14,496	5,595	N/A	-26,744	N/A
12/31/2016	13,518	5,105	N/A	-20,237	N/A
9/30/2016	12,853	4,856	N/A	-6,398	N/A
6/30/2016	12,102	4,162	N/A	-20,889	N/A
3/31/2016	11,471	3,751	N/A	-9,977	N/A
12/31/2015	11,236	3,581	N/A	-20,074	N/A
9/30/2015	10,835	3,443	N/A	-30,034	N/A
6/30/2015	10,900	3,795	N/A	-21,854	N/A
3/31/2015	10,504	3,635	N/A	-21,313	N/A
12/31/2014	10,154	3,647	N/A	-12,227	N/A
9/30/2014	9,433	3,162	N/A	-2,240	N/A
6/30/2014	8,908	2,904	N/A	-7,917	N/A
3/31/2014	8,815	3,014	N/A	-13,936	N/A
12/31/2013	9,162	3,314	N/A	-21,132	N/A
9/30/2013	9,470	3,716	N/A	-24,224	N/A
6/30/2013	9,438	3,829	N/A	-23,213	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: TKGB.F's forecast earnings growth (20.8% per year) is above the savings rate (2.3%).

Earnings vs Market: TKGB.F's earnings (20.8% per year) are forecast to grow faster than the US market (13.5% per year).

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

Revenue vs Market: TKGB.F's revenue (28.9% per year) is forecast to grow faster than the US market (8.1% per year).

High Growth Revenue: TKGB.F's revenue (28.9% per year) is forecast to grow faster than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: TKGB.F's Return on Equity is forecast to be high in 3 years time (31.5%)