TKGB.Y Stock Overview

Provides various banking products and services in Turkey. More details

TKGB.Y fundamental analysis
Snowflake Score
Valuation	5/6
Future Growth	6/6
Past Performance	3/6
Financial Health	5/6
Dividends	4/6

Rewards

Trading at 55% below our estimate of its fair value

Earnings are forecast to grow 28.66% per year

Earnings grew by 24% over the past year

Trading at good value compared to peers and industry

Risk Analysis

Unstable dividend track record

My Notes

Capture your thoughts, links and company narrative

Turkiye Garanti Bankasi A.S. Competitors

First Citizens BancShares

NasdaqGS:FCNC.A

US$29.8b

Credicorp

NYSE:BAP

US$14.5b

Nu Holdings

NYSE:NU

US$49.8b

Comerica

NYSE:CMA

US$8.2b

Price History & Performance

Summary of share price highs, lows and changes for Turkiye Garanti Bankasi
Historical stock prices
Current Share Price	₺3.75
52 Week High	₺4.05
52 Week Low	₺1.73
Beta	0.70
1 Month Change	7.70%
3 Month Change	6.48%
1 Year Change	93.20%
3 Year Change	340.94%
5 Year Change	105.71%
Change since IPO	-60.17%

Recent updates

Shareholder Returns

	TKGB.Y	US Banks	US Market
7D	3.0%	3.1%	2.8%
1Y	93.2%	29.1%	24.5%

Return vs Industry: TKGB.Y exceeded the US Banks industry which returned 29.1% over the past year.

Return vs Market: TKGB.Y exceeded the US Market which returned 24.5% over the past year.

Price Volatility

Is TKGB.Y's price volatile compared to industry and market?
TKGB.Y volatility
TKGB.Y Average Weekly Movement	7.4%
Banks Industry Average Movement	5.2%
Market Average Movement	6.3%
10% most volatile stocks in US Market	17.1%
10% least volatile stocks in US Market	3.1%

Stable Share Price: TKGB.Y has not had significant price volatility in the past 3 months compared to the US market.

Volatility Over Time: TKGB.Y's weekly volatility (7%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
1946	19,521	Mahmut Akten	www.garantibbva.com.tr

Turkiye Garanti Bankasi A.S. provides various banking products and services in Turkey. The company offers current, savings, time and term deposit, e-savings, YUVAM, NET, ELMA, overdraft, and gold accounts; general purpose, auto, mortgage, commercial, and project loans, as well as IBOR reforms and foreign trade financing; investment funds, stocks, derivatives, Garanti BBVA e-trader platform, time barred deposit and investment lists, and derivative instruments; credit and debit cards, bonusflas, and POS and e-commerce products; and insurance and pension products. It also provides payment systems and services; private banking services; banking services for salary payments/entrepreneurship and women entrepreneurs; leasing, fleet, and factoring services; investment banking and financing services; mobile and internet banking services; and ATM and cash management services.

Turkiye Garanti Bankasi A.S. Fundamentals Summary

How do Turkiye Garanti Bankasi's earnings and revenue compare to its market cap?
TKGB.Y fundamental statistics
Market cap	US$15.65b
Earnings (TTM)	US$2.71b
Revenue (TTM)	US$5.94b

5.8x

P/E Ratio

1.8x

P/B Ratio

Is TKGB.Y overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
TKGB.Y income statement (TTM)
Revenue	₺208.89b
Cost of Revenue	₺699.66m
Gross Profit	₺208.19b
Other Expenses	₺112.76b
Earnings	₺95.43b

Last Reported Earnings

Sep 30, 2024

Next Earnings Date

Jan 29, 2025

Earnings per share (EPS)	22.72
Gross Margin	99.67%
Net Profit Margin	45.68%
Debt/Equity Ratio	102.6%

How did TKGB.Y perform over the long term?

See historical performance and comparison

Dividends

2.4%

Current Dividend Yield

14%

Payout Ratio

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2024/12/26 03:19
End of Day Share Price	2024/12/26 00:00
Earnings	2024/09/30
Annual Earnings	2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Turkiye Garanti Bankasi A.S. is covered by 41 analysts. 9 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
null null	Ata Invest
Cristina Marzea	Barclays
Cagdas Dogan	BNP Paribas Securities (Asia)