NYSE:TKC

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Turkcell Iletisim Hizmetleri

Executive Summary

Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Azerbaijan, Cyprus, Germany, and the Netherlands. More Details


Snowflake Analysis

Very undervalued with solid track record and pays a dividend.


Similar Companies

Share Price & News

How has Turkcell Iletisim Hizmetleri's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: TKC's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

1.1%

TKC

2.8%

US Wireless Telecom

1.3%

US Market


1 Year Return

-17.5%

TKC

33.5%

US Wireless Telecom

15.8%

US Market

Return vs Industry: TKC underperformed the US Wireless Telecom industry which returned 32.8% over the past year.

Return vs Market: TKC underperformed the US Market which returned 13.8% over the past year.


Shareholder returns

TKCIndustryMarket
7 Day1.1%2.8%1.3%
30 Day-5.0%-3.0%-4.1%
90 Day-17.2%7.6%8.4%
1 Year-15.4%-17.5%34.0%33.5%18.4%15.8%
3 Year-38.5%-44.9%57.1%53.4%38.2%29.0%
5 Year-37.6%-47.3%122.4%112.1%84.9%64.0%

Price Volatility Vs. Market

How volatile is Turkcell Iletisim Hizmetleri's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Turkcell Iletisim Hizmetleri undervalued compared to its fair value and its price relative to the market?

26.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: TKC ($4.77) is trading below our estimate of fair value ($6.48)

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 (10x) compared to the US Wireless Telecom industry average (22.4x).

PE vs Market: TKC is good value based on its PE Ratio (10x) compared to the US market (17.6x).


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 good value based on its PB Ratio (1.7x) compared to the US Wireless Telecom industry average (2.5x).


Next Steps

Future Growth

How is Turkcell Iletisim Hizmetleri forecast to perform in the next 1 to 3 years based on estimates from 15 analysts?

16.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TKC's forecast earnings growth (16.8% per year) is above the savings rate (2.2%).

Earnings vs Market: TKC's earnings (16.8% per year) are forecast to grow slower than the US market (22.9% per year).

High Growth Earnings: TKC's earnings are forecast to grow, but not significantly.

Revenue vs Market: TKC's revenue (13.1% per year) is forecast to grow faster than the US market (9.9% per year).

High Growth Revenue: TKC's revenue (13.1% 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 (21.5%)


Next Steps

Past Performance

How has Turkcell Iletisim Hizmetleri performed over the past 5 years?

12.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TKC has high quality earnings.

Growing Profit Margin: TKC's current net profit margins (12.2%) are higher than last year (8.7%).


Past Earnings Growth Analysis

Earnings Trend: TKC's earnings have grown by 12.7% per year over the past 5 years.

Accelerating Growth: TKC's earnings growth over the past year (61.8%) exceeds its 5-year average (12.7% per year).

Earnings vs Industry: TKC earnings growth over the past year (61.8%) exceeded the Wireless Telecom industry 14.3%.


Return on Equity

High ROE: TKC's Return on Equity (16.8%) is considered low.


Next Steps

Financial Health

How is Turkcell Iletisim Hizmetleri's financial position?


Financial Position Analysis

Short Term Liabilities: TKC's short term assets (TRY20.0B) exceed its short term liabilities (TRY10.7B).

Long Term Liabilities: TKC's short term assets (TRY20.0B) exceed its long term liabilities (TRY16.8B).


Debt to Equity History and Analysis

Debt Level: TKC's debt to equity ratio (93.6%) is considered high.

Reducing Debt: TKC's debt to equity ratio has increased from 29.3% to 93.6% over the past 5 years.

Debt Coverage: TKC's debt is well covered by operating cash flow (62.5%).

Interest Coverage: TKC's interest payments on its debt are well covered by EBIT (10.8x coverage).


Balance Sheet


Next Steps

Dividend

What is Turkcell Iletisim Hizmetleri current dividend yield, its reliability and sustainability?

3.06%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: TKC's dividend (3.06%) is higher than the bottom 25% of dividend payers in the US market (1.72%).

High Dividend: TKC's dividend (3.06%) is low compared to the top 25% of dividend payers in the US market (4.94%).


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 reasonably low payout ratio (30.5%), TKC's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: TKC's dividends in 3 years are forecast to be covered by earnings (64% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.2yrs

Average management tenure


CEO

Murat Erkan (51 yo)

1.5yrs

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

NamePositionTenureCompensationOwnership
Murat Erkan
Chief Executive Officer1.5yrsno datano data
Osman Yilmaz
Executive VP of Finance & CFO2.08yrsno datano data
Zeynel Bilek
Treasury & Capital Markets Management Directorno datano datano data
Izzet Demir
Executive VP of Legal & Regulation and Acting Executive VP of Human Resources5.33yrsno datano data
Fatih Ergenekon
Acting Executive VP of Marketing & Strategy Director0.42yrno datano data
Aziz Sezgin
Executive Vice President of Network Technologies4.92yrsno datano data
Banu Sezen
Senior Vice President of Turkcell Academy5.42yrsno datano data
Tugrul Cora
Senior Vice President of Corporate Sales5.17yrsno datano data
Serkan Öztürk
Executive Vice President of Information & Communication Technologies3.17yrsno datano data
Ali Türk
Executive Vice President of Supply Chain Management4.33yrsno datano data
Kadri Özdal
Executive Vice President of Consumer Sales1.5yrsno datano data
Ataç Tansug
Executive Vice President of Digital Services & Solutions1.42yrsno datano data

3.2yrs

Average Tenure

46yo

Average Age

Experienced Management: TKC's management team is considered experienced (3.2 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Hüseyin Aydin
Non-Executive Non-Independent Director1.5yrsno datano data
Bülent Aksu
Chairman of the Board0.50yrno datano data
Ingrid Stenmark
Non-Executive Non-Independent Director2.5yrsno datano data
Christopher Powell
Non-Executive Non-Independent Director0.75yrno datano data
Nail Olpak
Independent Director0.50yrno datano data
Afif Demirkiran
Independent Director0.50yrno datano data
Tahsin Yazar
Independent Director0.50yrno datano data

0.5yrs

Average Tenure

54yo

Average Age

Experienced Board: TKC's board of directors are not considered experienced ( 0.5 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 been diluted in the past year, with total shares outstanding growing by 6.1%.


Top Shareholders

Company Information

Turkcell Iletisim Hizmetleri A.S.'s company bio, 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
  • Market Cap: ₺32.747b
  • Listing Market Cap: ₺4.202b
  • 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
  • Turkey

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
TKCNYSE (New York Stock Exchange)SPON ADR NEWUSUSDJul 2000
TUL1DB (Deutsche Boerse AG)SPON ADR NEWDEEURJul 2000
TCELLIBSE (Borsa Istanbul (BIST))YesCommon StockTRTRYJul 2000
TKC NBMV (Bolsa Mexicana de Valores)SPON ADR NEWMXMXNJul 2000

Biography

Turkcell Iletisim Hizmetleri A.S. provides digital services in Turkey, Ukraine, Belarus, Azerbaijan, Cyprus, Germany, and the Netherlands. It operates in two segments, Turkcell Turkey and Turkcell Internat ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/28 23:45
End of Day Share Price2020/09/28 00:00
Earnings2020/06/30
Annual Earnings2019/12/31


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.