| Snowflake Score | |
|---|---|
| Valuation | 5/6 |
| Future Growth | 4/6 |
| Past Performance | 5/6 |
| Financial Health | 5/6 |
| Dividends | 5/6 |
TKC Stock Overview
Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Azerbaijan, Cyprus, Germany, and the Netherlands.
Turkcell Iletisim Hizmetleri Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | ₺3.66 |
| 52 Week High | ₺6.10 |
| 52 Week Low | ₺2.85 |
| Beta | 0.69 |
| 1 Month Change | 8.61% |
| 3 Month Change | -12.23% |
| 1 Year Change | -34.29% |
| 3 Year Change | -44.46% |
| 5 Year Change | -48.88% |
| Change since IPO | -89.96% |
Recent News & Updates
Turkcell Continues To Execute Very Well, But Macro Issues Cancel Out The Benefits
Turkcell posted another typical "modest beat and raise" quarter, with very strong subscriber growth and healthy ARPU growth. The guidance does call for more capex to support growth projects like fiber. Management has a good set of growth priorities, including ongoing switches from pre-to-paid subscriptions, digital financial services to a meaningfully underbanked customer base, and more fiber/digital services. Turkcell shares are cheap on their standalone fundamentals, but the market wants nothing to do with Turkish stocks.
Turkcell Iletisim Hizmetleri A.S. 2021 Q1 - Results - Earnings Call Presentation
The following slide deck was published by Turkcell Iletisim Hizmetleri A.S. in conjunction with their 2021 Q1 earnings call.
Turkcell Offers A Nice Discount On Dependable Growth
Photo by Elen11/iStock Editorial via Getty Images I'm fond of giving my portfolio an international flavor. This is a nice way to diversify, spread your risk around, and limit the possibility that a single incident in one nation can clobber broad swathes of your investments. To that end, I tend
Shareholder Returns
| TKC | US Wireless Telecom | US Market | |
|---|---|---|---|
| 7D | 1.7% | -1.2% | -0.5% |
| 1Y | -34.3% | -14.6% | 13.7% |
Return vs Industry: TKC underperformed the US Wireless Telecom industry which returned -14.6% over the past year.
Return vs Market: TKC underperformed the US Market which returned 13.7% over the past year.
Price Volatility
| TKC volatility | |
|---|---|
| TKC Average Weekly Movement | 5.7% |
| Wireless Telecom Industry Average Movement | 5.5% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.9% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: TKC is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: TKC's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1993 | n/a | Murat Erkan | https://www.turkcell.com.tr |
Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Azerbaijan, Cyprus, Germany, and the Netherlands. It operates through two segments, Turkcell Turkey and Turkcell International. It offers voice, data, and video communication solutions to its individual and corporate customers; and broadband services.
Turkcell Iletisim Hizmetleri Fundamentals Summary
| TKC fundamental statistics | |
|---|---|
| Market Cap | ₺42.30b |
| Earnings (TTM) | ₺4.95b |
| Revenue (TTM) | ₺33.60b |
8.5x
P/E Ratio1.3x
P/S RatioIs TKC overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| TKC income statement (TTM) | |
|---|---|
| Revenue | ₺33.60b |
| Cost of Revenue | ₺23.70b |
| Gross Profit | ₺9.90b |
| Expenses | ₺4.95b |
| Earnings | ₺4.95b |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.27 |
| Gross Margin | 29.46% |
| Net Profit Margin | 14.73% |
| Debt/Equity Ratio | 103.3% |
How did TKC perform over the long term?
See historical performance and comparisonDividends
6.1%
Current Dividend Yield52%
Payout RatioValuation
Is Turkcell Iletisim Hizmetleri undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: TKC ($3.66) is trading below our estimate of fair value ($7.5)
Significantly Below Fair Value: TKC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: TKC is good value based on its PE Ratio (8.5x) compared to the US Wireless Telecom industry average (40.4x).
PE vs Market: TKC is good value based on its PE Ratio (8.5x) compared to the US market (17.4x).
Price to Earnings Growth Ratio
PEG Ratio: TKC is good value based on its PEG Ratio (0.6x)
Price to Book Ratio
PB vs Industry: TKC is overvalued based on its PB Ratio (1.9x) compared to the US Wireless Telecom industry average (1.8x).
Future Growth
How is Turkcell Iletisim Hizmetleri forecast to perform in the next 1 to 3 years based on estimates from 10 analysts?
15.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: TKC's forecast earnings growth (15.2% per year) is above the savings rate (2%).
Earnings vs Market: TKC's earnings (15.2% per year) are forecast to grow faster than the US market (13% per year).
High Growth Earnings: TKC's earnings are forecast to grow, but not significantly.
Revenue vs Market: TKC's revenue (13.8% per year) is forecast to grow faster than the US market (9.3% per year).
High Growth Revenue: TKC's revenue (13.8% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: TKC's Return on Equity is forecast to be high in 3 years time (22.8%)
Past Performance
How has Turkcell Iletisim Hizmetleri performed over the past 5 years?
25.9%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: TKC has high quality earnings.
Growing Profit Margin: TKC's current net profit margins (14.7%) are higher than last year (13.2%).
Past Earnings Growth Analysis
Earnings Trend: TKC's earnings have grown significantly by 25.9% per year over the past 5 years.
Accelerating Growth: TKC's earnings growth over the past year (34.1%) exceeds its 5-year average (25.9% per year).
Earnings vs Industry: TKC earnings growth over the past year (34.1%) exceeded the Wireless Telecom industry 22.1%.
Return on Equity
High ROE: Whilst TKC's Return on Equity (22.58%) is high, this metric is skewed due to their high level of debt.
Financial Health
How is Turkcell Iletisim Hizmetleri's financial position?
Financial Position Analysis
Short Term Liabilities: TKC's short term assets (TRY22.9B) exceed its short term liabilities (TRY12.9B).
Long Term Liabilities: TKC's short term assets (TRY22.9B) exceed its long term liabilities (TRY22.5B).
Debt to Equity History and Analysis
Debt Level: TKC's net debt to equity ratio (37.5%) is considered satisfactory.
Reducing Debt: TKC's debt to equity ratio has increased from 52.8% to 103.3% over the past 5 years.
Debt Coverage: TKC's debt is well covered by operating cash flow (58.4%).
Interest Coverage: TKC's interest payments on its debt are well covered by EBIT (272.2x coverage).
Balance Sheet
Dividend
What is Turkcell Iletisim Hizmetleri current dividend yield, its reliability and sustainability?
6.06%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: TKC's dividend (6.06%) is higher than the bottom 25% of dividend payers in the US market (1.32%).
High Dividend: TKC's dividend (6.06%) is in the top 25% of dividend payers in the US market (3.44%)
Stability and Growth of Payments
Stable Dividend: TKC's dividend payments have been volatile in the past 10 years.
Growing Dividend: TKC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (51.7%), TKC's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: TKC's dividends in 3 years are forecast to be covered by earnings (61% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
5.7yrs
Average management tenure
CEO
Murat Erkan (52 yo)
2.83yrs
Tenure
Mr. Murat Erkan has been the Chief Executive Officer of Turkcell Iletisim Hizmetleri A.S. since May 2019 and served as its Acting Chief Executive Officer from March 15, 2019 to May 2019. Mr. Erkan served a...
Leadership Team
Experienced Management: TKC's management team is seasoned and experienced (5.7 years average tenure).
Board Members
Experienced Board: TKC's board of directors are not considered experienced ( 1.8 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Turkcell Iletisim Hizmetleri A.S.'s employee growth, exchange listings and data sources
Key Information
- Name: Turkcell Iletisim Hizmetleri A.S.
- Ticker: TKC
- Exchange: NYSE
- Founded: 1993
- Industry: Wireless Telecommunication Services
- Sector: Telecom
- Implied Market Cap: ₺42.305b
- Listing Market Cap: ₺3.132b
- Shares outstanding: 2.18b
- Website: https://www.turkcell.com.tr
Number of Employees
Location
- Turkcell Iletisim Hizmetleri A.S.
- Turkcell Küçükyali Plaza
- Aydinevler Mahallesi Inönü Caddesi No:20
- Istanbul
- 34854
- Turkey
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/16 23:25 |
| End of Day Share Price | 2022/01/14 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
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.