OTCPK:TKYV.Y

Stock Analysis Report

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi

Executive Summary

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi, through its subsidiaries, provides corporate, commercial, small business, retail, and investment banking services in Turkey and internationally.

Snowflake

Fundamentals

Very undervalued with excellent balance sheet.

Risks

  • Türkiye Vakiflar Bankasi Türk Anonim Ortakligi has significant price volatility in the past 3 months.

Share Price & News

How has Türkiye Vakiflar Bankasi Türk Anonim Ortakligi's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0%

OTCPK:TKYV.Y

-1.8%

US Banks

0.2%

US Market


1 Year Return

43.4%

OTCPK:TKYV.Y

-15.3%

US Banks

-0.7%

US Market

TKYV.Y outperformed the Banks industry which returned -13.6% over the past year.

TKYV.Y outperformed the Market in United States of America which returned 0.3% over the past year.


Share holder returns

TKYV.YIndustryMarket
7 Day0%-1.8%0.2%
30 Day-1.6%-6.4%-2.7%
90 Dayn/a-4.0%1.6%
1 Year43.4%43.4%-12.9%-15.3%1.6%-0.7%
3 Year-43.7%-44.6%41.3%31.7%40.0%30.9%
5 Year-63.0%-64.1%50.8%34.5%53.8%36.8%

Price Volatility Vs. Market

How volatile is Türkiye Vakiflar Bankasi Türk Anonim Ortakligi's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is Türkiye Vakiflar Bankasi Türk Anonim Ortakligi 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

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi's share price is below the future cash flow value, and at a moderate discount (> 20%).

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi's share price is below the future cash flow value, and at a substantial discount (> 40%).


Price Based on Earnings

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi is good value based on earnings compared to the US Banks industry average.

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi is good value based on expected growth next year.


Price Based on Value of Assets

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi is good value based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is Türkiye Vakiflar Bankasi Türk Anonim Ortakligi expected to perform in the next 1 to 3 years based on estimates from 11 analysts?

26.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi's revenue is expected to grow by 15% yearly, however this is not considered high growth (20% yearly).

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi's earnings are expected to grow significantly at over 20% yearly.

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi's revenue growth is expected to exceed the United States of America market average.

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi's earnings growth is expected to exceed the United States of America market average.

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Türkiye Vakiflar Bankasi Türk Anonim Ortakligi performed over the past 5 years?

23.1%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi has delivered over 20% year on year earnings growth in the past 5 years.

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi's 1-year earnings growth is negative, it can't be compared to the US Banks industry average.


Return on Equity

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi used its assets less efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if Türkiye Vakiflar Bankasi Türk Anonim Ortakligi 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 Türkiye Vakiflar Bankasi Türk Anonim Ortakligi'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

Information is not available.

Information is not available.


Financial Institutions Analysis

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi has an acceptable proportion of non-loan assets held.

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi has a sufficient allowance for bad loans.

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi's liabilities are made up of primarily low risk sources of funding.

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi's level of assets compared to its equity is moderate (i.e. an appropriate level of borrowing to fund lending).

Loans at Türkiye Vakiflar Bankasi Türk Anonim Ortakligi are broadly funded by customer deposits.

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi has a high level of bad loans (greater than 2%).


Next Steps

Dividend

What is Türkiye Vakiflar Bankasi Türk Anonim Ortakligi's current dividend yield, its reliability and sustainability?

1.98%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Unable to evaluate Türkiye Vakiflar Bankasi Türk Anonim Ortakligi's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Türkiye Vakiflar Bankasi Türk Anonim Ortakligi's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Türkiye Vakiflar Bankasi Türk Anonim Ortakligi has not reported any payouts.

Unable to verify if Türkiye Vakiflar Bankasi Türk Anonim Ortakligi's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Türkiye Vakiflar Bankasi Türk Anonim Ortakligi has not reported any payouts.


Future Payout to Shareholders

Dividends after 3 years are expected to be thoroughly covered by earnings (6.8x coverage).


Next Steps

Management

What is the CEO of Türkiye Vakiflar Bankasi Türk Anonim Ortakligi's salary, the management and board of directors tenure and is there insider trading?

5.6yrs

Average management tenure


CEO

Abdi Üstünsalih 0

0.3yrs

Tenure

0

Mr. Abdi Serdar Üstünsalih has been General Manager and Director of Türkiye Vakiflar Bankasi TAO since May 2019. Mr. Üstünsalih has been Director at Türkiye Sinai Kalkinma Bankasi AS since June 2019. Mr. Ü ...


Management Age and Tenure

5.6yrs

Average Tenure

49yo

Average Age

The average tenure for the Türkiye Vakiflar Bankasi Türk Anonim Ortakligi management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

1.6yrs

Average Tenure

54yo

Average Age

The average tenure for the Türkiye Vakiflar Bankasi Türk Anonim Ortakligi board of directors is less than 3 years, this suggests a new board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Zeki Sözen (63yo)

    Head of Risk Management

    • Tenure: 11.0yrs
  • Metin Zafer (49yo)

    Assistant GM and Executive VP of Information Technologies & Operational Transactions

    • Tenure: 13.2yrs
  • Halil Emre

    Senior Vice President of Strategy & Planning Department

    • Tenure: 0.0yrs
  • Alaattin Simsek

    Executive Vice President of Credit Allocation Management & Credit Policies

    • Tenure: 0.6yrs
  • Serdar Satoglu (47yo)

    Executive Vice President of Private Banking-Affiliates

    • Tenure: 9.2yrs
  • Abdi Üstünsalih

    GM & Director

    • Tenure: 0.3yrs
  • Ferkan Merdan

    Director of Accounting & Financial Affairs

    • Tenure: 0.0yrs
  • Mustafa Turan

    Senior VP and Head of International Banking & Investor Relations

    • Tenure: 0.0yrs
  • Hüseyin Bilgin (52yo)

    Assistant GM and Executive VP of Human Resources & Institutional Development

    • Tenure: 0.0yrs
  • Mikail Hidir (40yo)

    Assistant GM and Executive VP of Credit Risk Monitoring & Legal Tracking Department

    • Tenure: 2.1yrs

Board Members

  • Sahin Ugur (62yo)

    Director

    • Tenure: 2.2yrs
  • Sahap Kavcioglu (52yo)

    Vice Chairman

    • Tenure: 1.0yrs
  • Serdar Tunçbilek (54yo)

    Independent Director

    • Tenure: 2.2yrs
  • Adnan Ertem (54yo)

    Director

    • Tenure: 8.8yrs
  • Abdi Üstünsalih

    GM & Director

    • Tenure: 0.3yrs
  • Dilek Yüksel (42yo)

    Independent Director

    • Tenure: 3.4yrs
  • Yunus Arinci

    Member of Statutory Auditor Board

    • Tenure: 9.4yrs
  • Cemil Ertem

    Director

    • Tenure: 1.0yrs
  • Abdülkadir Aksu (75yo)

    Chairman of the Board

    • Tenure: 0.3yrs
  • Sadik Yakut (63yo)

    Director

    • Tenure: 0.3yrs

Company Information

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Türkiye Vakiflar Bankasi Türk Anonim Ortakligi
  • Ticker: TKYV.Y
  • Exchange: OTCPK
  • Founded: 1954
  • Industry: Diversified Banks
  • Sector: Banks
  • Market Cap: YTL10.975b
  • Listing Market Cap: YTL1.913b
  • Shares outstanding: 2.50b
  • Website: https://www.vakifbank.com.tr

Location

  • Türkiye Vakiflar Bankasi Türk Anonim Ortakligi
  • Saray Mahallesi
  • Dr. Adnan Buyukdeniz Caddesi
  • Istanbul
  • 34768
  • Turkey

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
VAKBNIBSE (Borsa Istanbul (BIST))YesGroup D Registered SharesTRTRYNov 2005
TKYV.YOTCPK (Pink Sheets LLC)ADRUSUSDOct 2008
T8VABST (Boerse-Stuttgart)ADRDEEUROct 2008

Biography

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi, through its subsidiaries, provides corporate, commercial, small business, retail, and investment banking services in Turkey and internationally. It offers ti ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 00:30
End of Day Share Price2019/08/12 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.