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Türk Telekomünikasyon Anonim Sirketi

OTCPK:TRKN.Y
Snowflake Description

High growth potential and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
TRKN.Y
OTCPK
TRY20B
Market Cap
  1. Home
  2. US
  3. Telecom
Company description

Türk Telekomünikasyon Anonim Sirketi, together with its subsidiaries, provides integrated telecommunication services in Turkey. The last earnings update was 76 days ago. More info.


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  • Türk Telekomünikasyon Anonim Sirketi has significant price volatility in the past 3 months.
TRKN.Y Share Price and Events
7 Day Returns
7.9%
OTCPK:TRKN.Y
-2.3%
US Telecom
-1.2%
US Market
1 Year Returns
-7.2%
OTCPK:TRKN.Y
6.3%
US Telecom
3.3%
US Market
TRKN.Y Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Türk Telekomünikasyon Anonim Sirketi (TRKN.Y) 7.9% 17.9% 23.2% -7.2% -48.9% -64.6%
US Telecom -2.3% -0.3% 0.6% 6.3% -15% -6.5%
US Market -1.2% 0.8% 0.9% 3.3% 35.9% 41.7%
1 Year Return vs Industry and Market
  • TRKN.Y underperformed the Telecom industry which returned 6.3% over the past year.
  • TRKN.Y underperformed the Market in United States of America which returned 3.3% over the past year.
Price Volatility
TRKN.Y
Industry
5yr Volatility vs Market
Related Companies

Sorry, no analysis for Türk Telekomünikasyon Anonim Sirketi's competitors could be found in our database.

TRKN.Y Value

 Is Türk Telekomünikasyon Anonim Sirketi undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Türk Telekomünikasyon Anonim Sirketi to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Türk Telekomünikasyon Anonim Sirketi.

OTCPK:TRKN.Y Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 14 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for OTCPK:TRKN.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Telecom Unlevered Beta Simply Wall St/ S&P Global 0.35
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.349 (1 + (1- 22%) (129.83%))
0.801
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.801 * 5.96%)
7.5%

Discounted Cash Flow Calculation for OTCPK:TRKN.Y using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Türk Telekomünikasyon Anonim Sirketi is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:TRKN.Y DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (TRY, Millions) Source Present Value
Discounted (@ 7.5%)
2020 3,832.35 Analyst x6 3,564.88
2021 4,121.94 Analyst x5 3,566.66
2022 4,195.10 Analyst x4 3,376.63
2023 4,947.83 Analyst x3 3,704.55
2024 5,265.63 Est @ 6.42% 3,667.34
2025 5,545.51 Est @ 5.32% 3,592.71
2026 5,797.25 Est @ 4.54% 3,493.68
2027 6,028.95 Est @ 4% 3,379.74
2028 6,246.99 Est @ 3.62% 3,257.56
2029 6,456.31 Est @ 3.35% 3,131.74
Present value of next 10 years cash flows TRY34,735.50
OTCPK:TRKN.Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= TRY6,456.31 × (1 + 2.73%) ÷ (7.5% – 2.73%)
TRY138,965.63
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= TRY138,965.63 ÷ (1 + 7.5%)10
TRY67,407.65
OTCPK:TRKN.Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= TRY34,735.50 + TRY67,407.65
TRY102,143.14
Equity Value per Share
(TRY)
= Total value / Shares Outstanding
= TRY102,143.14 / 3,500.00
TRY29.18
OTCPK:TRKN.Y Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:TRKN.Y represents 0.34046x of IBSE:TTKOM
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.34046x
Value per Share
(Listing Adjusted, USD)
= Value per Share (TRY) x Listing Adjustment Factor
= TRY 29.18 x 0.34046
$9.94
Value per share (USD) From above. $9.94
Current discount Discount to share price of $1.91
= -1 x ($1.91 - $9.94) / $9.94
80.8%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Türk Telekomünikasyon Anonim Sirketi is available for.
Intrinsic value
>50%
Share price is $1.91 vs Future cash flow value of $9.94
Current Discount Checks
For Türk Telekomünikasyon Anonim Sirketi to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Türk Telekomünikasyon Anonim Sirketi's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Türk Telekomünikasyon Anonim Sirketi's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Türk Telekomünikasyon Anonim Sirketi's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Türk Telekomünikasyon Anonim Sirketi's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:TRKN.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in TRY TRY-0.34
IBSE:TTKOM Share Price ** IBSE (2019-07-19) in TRY TRY5.61
United States of America Telecom Industry PE Ratio Median Figure of 17 Publicly-Listed Telecom Companies 14.62x
United States of America Market PE Ratio Median Figure of 3,082 Publicly-Listed Companies 17.86x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Türk Telekomünikasyon Anonim Sirketi.

OTCPK:TRKN.Y PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= IBSE:TTKOM Share Price ÷ EPS (both in TRY)

= 5.61 ÷ -0.34

-16.49x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Türk Telekomünikasyon Anonim Sirketi is loss making, we can't compare its value to the US Telecom industry average.
  • Türk Telekomünikasyon Anonim Sirketi is loss making, we can't compare the value of its earnings to the United States of America market.
Price based on expected Growth
Does Türk Telekomünikasyon Anonim Sirketi's expected growth come at a high price?
Raw Data
OTCPK:TRKN.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -16.49x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts
38.5%per year
United States of America Telecom Industry PEG Ratio Median Figure of 8 Publicly-Listed Telecom Companies 1.1x
United States of America Market PEG Ratio Median Figure of 2,119 Publicly-Listed Companies 1.57x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Türk Telekomünikasyon Anonim Sirketi, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Türk Telekomünikasyon Anonim Sirketi's assets?
Raw Data
OTCPK:TRKN.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in TRY TRY2.26
IBSE:TTKOM Share Price * IBSE (2019-07-19) in TRY TRY5.61
United States of America Telecom Industry PB Ratio Median Figure of 30 Publicly-Listed Telecom Companies 1.46x
United States of America Market PB Ratio Median Figure of 5,248 Publicly-Listed Companies 1.79x
OTCPK:TRKN.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= IBSE:TTKOM Share Price ÷ Book Value per Share (both in TRY)

= 5.61 ÷ 2.26

2.49x

* Primary Listing of Türk Telekomünikasyon Anonim Sirketi.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Türk Telekomünikasyon Anonim Sirketi is overvalued based on assets compared to the US Telecom industry average.
X
Value checks
We assess Türk Telekomünikasyon Anonim Sirketi's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Telecom industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Telecom industry average (and greater than 0)? (1 check)
  5. Türk Telekomünikasyon Anonim Sirketi has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

TRKN.Y Future Performance

 How is Türk Telekomünikasyon Anonim Sirketi expected to perform in the next 1 to 3 years based on estimates from 14 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
38.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Türk Telekomünikasyon Anonim Sirketi expected to grow at an attractive rate?
  • Türk Telekomünikasyon Anonim Sirketi's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Türk Telekomünikasyon Anonim Sirketi's earnings growth is expected to exceed the United States of America market average.
  • Türk Telekomünikasyon Anonim Sirketi's revenue growth is expected to exceed the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:TRKN.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:TRKN.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 14 Analysts 38.5%
OTCPK:TRKN.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 14 Analysts 10.8%
United States of America Telecom Industry Earnings Growth Rate Market Cap Weighted Average 9.1%
United States of America Telecom Industry Revenue Growth Rate Market Cap Weighted Average 0.5%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.4%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
OTCPK:TRKN.Y Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
All numbers in TRY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:TRKN.Y Future Estimates Data
Date (Data in TRY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 35,793 3
2022-12-31 32,602 10,530 4,839 3
2021-12-31 28,832 10,314 4,034 11
2020-12-31 26,253 9,929 3,249 13
2019-12-31 23,395 9,656 1,872 9
OTCPK:TRKN.Y Past Financials Data
Date (Data in TRY Millions) Revenue Cash Flow Net Income *
2019-03-31 21,148 9,137 -1,191
2018-12-31 20,431 7,589 -1,391
2018-09-30 19,832 8,696 -3,666
2018-06-30 18,968 6,464 -527
2018-03-31 18,518 6,139 1,179
2017-12-31 18,140 5,944 1,136
2017-09-30 17,590 5,123 -139
2017-06-30 17,176 5,486 -424
2017-03-31 16,615 4,866 -1,066
2016-12-31 16,109 4,932 -724
2016-09-30 15,726 4,366 1,703
2016-06-30 15,304 4,207 1,201

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Türk Telekomünikasyon Anonim Sirketi's earnings are expected to grow significantly at over 20% yearly.
  • Türk Telekomünikasyon Anonim Sirketi's revenue is expected to grow by 10.8% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
OTCPK:TRKN.Y Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below

All data from Türk Telekomünikasyon Anonim Sirketi Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:TRKN.Y Future Estimates Data
Date (Data in TRY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 1.01 1.01 1.01 1.00
2021-12-31 1.09 1.41 0.91 8.00
2020-12-31 0.93 1.27 0.78 10.00
2019-12-31 0.55 0.76 0.35 10.00
OTCPK:TRKN.Y Past Financials Data
Date (Data in TRY Millions) EPS *
2019-03-31 -0.34
2018-12-31 -0.40
2018-09-30 -1.05
2018-06-30 -0.15
2018-03-31 0.34
2017-12-31 0.32
2017-09-30 -0.04
2017-06-30 -0.12
2017-03-31 -0.30
2016-12-31 -0.21
2016-09-30 0.49
2016-06-30 0.34

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Türk Telekomünikasyon Anonim Sirketi is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Türk Telekomünikasyon Anonim Sirketi's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Türk Telekomünikasyon Anonim Sirketi has a total score of 5/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

TRKN.Y Past Performance

  How has Türk Telekomünikasyon Anonim Sirketi performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Türk Telekomünikasyon Anonim Sirketi's growth in the last year to its industry (Telecom).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Türk Telekomünikasyon Anonim Sirketi does not make a profit and their year on year earnings growth rate was negative over the past 5 years.
  • Unable to compare Türk Telekomünikasyon Anonim Sirketi's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Türk Telekomünikasyon Anonim Sirketi's 1-year growth to the US Telecom industry average as it is not currently profitable.
Earnings and Revenue History
Türk Telekomünikasyon Anonim Sirketi's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Türk Telekomünikasyon Anonim Sirketi Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:TRKN.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in TRY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 21,148.13 -1,190.88 4,276.38 152.68
2018-12-31 20,430.90 -1,391.26 4,187.03 147.78
2018-09-30 19,832.25 -3,666.01 4,170.37 143.80
2018-06-30 18,968.29 -526.60 4,130.09 148.04
2018-03-31 18,518.10 1,179.44 4,088.21 133.26
2017-12-31 18,139.55 1,135.53 4,082.38 124.74
2017-09-30 17,589.54 -139.39 4,052.91 112.52
2017-06-30 17,175.66 -424.19 4,111.19 101.86
2017-03-31 16,615.10 -1,066.35 4,265.51 96.41
2016-12-31 16,108.59 -724.34 4,393.46 93.82
2016-09-30 15,726.37 1,702.95 4,494.41 70.54
2016-06-30 15,303.89 1,200.82 4,472.35 68.98
2016-03-31 14,889.60 1,288.40 4,261.10 58.01
2015-12-31 14,522.86 907.44 4,031.56 47.30
2015-09-30 14,250.66 372.37 3,849.30 65.06
2015-06-30 14,067.17 1,184.38 3,649.46 62.23
2015-03-31 13,841.14 1,650.17 3,620.02 64.74
2014-12-31 13,601.62 2,007.44 3,677.06 66.52
2014-09-30 13,285.52 1,763.70 3,531.54 55.04
2014-06-30 13,138.56 1,681.36 3,485.22 48.08
2014-03-31 13,182.05 1,160.63 3,418.75 40.84
2013-12-31 13,116.96 1,303.05 3,301.73 38.93
2013-09-30 13,164.63 1,642.44 3,443.46 31.58
2013-06-30 13,036.93 2,042.58 3,246.16 33.67
2013-03-31 12,876.22 2,391.89 3,221.78 35.18
2012-12-31 12,706.14 2,637.11 3,167.32 31.18
2012-09-30 12,399.06 2,632.18 2,801.34 35.97

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Türk Telekomünikasyon Anonim Sirketi has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Türk Telekomünikasyon Anonim Sirketi has efficiently used its assets last year compared to the US Telecom industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Türk Telekomünikasyon Anonim Sirketi improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Türk Telekomünikasyon Anonim Sirketi's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Telecom industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Türk Telekomünikasyon Anonim Sirketi has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

TRKN.Y Health

 How is Türk Telekomünikasyon Anonim Sirketi's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Türk Telekomünikasyon Anonim Sirketi's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Türk Telekomünikasyon Anonim Sirketi is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Türk Telekomünikasyon Anonim Sirketi's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Türk Telekomünikasyon Anonim Sirketi's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.6x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Türk Telekomünikasyon Anonim Sirketi Company Filings, last reported 3 months ago.

OTCPK:TRKN.Y Past Debt and Equity Data
Date (Data in TRY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 7,892.59 24,377.31 7,349.66
2018-12-31 7,453.60 20,882.74 4,494.54
2018-09-30 5,522.64 25,758.80 6,187.05
2018-06-30 4,074.87 20,185.09 4,303.80
2018-03-31 4,966.82 18,220.85 3,978.57
2017-12-31 4,555.09 17,543.67 4,100.20
2017-09-30 4,648.78 16,167.49 2,760.55
2017-06-30 4,344.48 15,805.38 2,122.92
2017-03-31 3,471.26 16,517.62 2,635.97
2016-12-31 3,386.62 15,969.92 3,016.37
2016-09-30 4,692.89 14,567.04 3,150.15
2016-06-30 4,654.93 14,045.56 3,214.29
2016-03-31 5,301.29 14,364.43 4,640.41
2015-12-31 4,993.37 12,580.08 2,837.79
2015-09-30 3,960.56 12,196.53 2,782.35
2015-06-30 4,577.97 10,499.65 1,990.71
2015-03-31 4,396.38 10,099.77 3,007.54
2014-12-31 6,303.34 8,942.43 2,538.45
2014-09-30 5,763.76 8,939.99 2,088.60
2014-06-30 5,466.20 9,102.96 1,839.10
2014-03-31 5,668.72 8,633.13 1,518.44
2013-12-31 5,327.61 8,319.68 1,004.77
2013-09-30 5,070.64 8,464.28 1,166.54
2013-06-30 4,859.47 8,375.60 973.15
2013-03-31 6,951.54 6,549.08 1,428.72
2012-12-31 6,455.15 6,048.98 960.79
2012-09-30 5,710.48 6,490.44 1,038.20
  • Türk Telekomünikasyon Anonim Sirketi's level of debt (323%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (152.9% vs 323% today).
  • Debt is well covered by operating cash flow (35.8%, greater than 20% of total debt).
  • Türk Telekomünikasyon Anonim Sirketi is making a loss, therefore interest payments are not well covered by earnings.
X
Financial health checks
We assess Türk Telekomünikasyon Anonim Sirketi's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Türk Telekomünikasyon Anonim Sirketi has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

TRKN.Y Dividends

 What is Türk Telekomünikasyon Anonim Sirketi's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Türk Telekomünikasyon Anonim Sirketi dividends. Estimated to be 9.81% next year.
If you bought $2,000 of Türk Telekomünikasyon Anonim Sirketi shares you are expected to receive $0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Türk Telekomünikasyon Anonim Sirketi's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Türk Telekomünikasyon Anonim Sirketi's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
OTCPK:TRKN.Y Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 14 Analyst Estimates (S&P Global) See Below
United States of America Telecom Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 5.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2017 Stocks 2.4%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.4%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

OTCPK:TRKN.Y Future Dividends Estimate Data
Date (Data in TRY) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 0.91 1.00
2022-12-31 0.82 1.00
2021-12-31 0.85 9.00
2020-12-31 0.64 12.00
2019-12-31 0.15 11.00
OTCPK:TRKN.Y Past Annualized Dividends Data
Date (Data in TRY) Dividend per share (annual) Avg. Yield (%)
2018-07-24 0.000 0.000
2018-02-08 0.000 0.000
2017-10-24 0.000 0.000
2016-07-26 0.240 3.996
2016-02-11 0.240 3.887
2015-07-22 0.526 8.898
2015-04-21 0.526 7.353
2015-02-06 0.526 7.374
2014-10-23 0.261 3.743
2014-02-05 0.343 5.640
2013-10-24 0.690 11.127
2013-07-18 0.660 9.733
2013-03-01 0.690 9.002
2012-10-30 0.542 7.745
2012-07-16 0.542 7.612
2012-02-29 0.542 7.569
2011-07-18 0.641 8.590
2011-02-08 0.641 8.328
2011-01-17 0.641 9.437
2010-04-20 0.390 6.580
2009-06-30 0.426 9.029
2009-03-31 0.426 9.786
2009-03-02 0.426 10.959
2008-10-30 0.784 21.542

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Türk Telekomünikasyon Anonim Sirketi has not reported any payouts.
  • Unable to verify if Türk Telekomünikasyon Anonim Sirketi's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Türk Telekomünikasyon Anonim Sirketi's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Türk Telekomünikasyon Anonim Sirketi has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Türk Telekomünikasyon Anonim Sirketi's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Türk Telekomünikasyon Anonim Sirketi afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Türk Telekomünikasyon Anonim Sirketi has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

TRKN.Y Management

 What is the CEO of Türk Telekomünikasyon Anonim Sirketi's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Paul Doany
AGE 64
TENURE AS CEO 2.8 years
CEO Bio

Dr. Boulos H. B. Doany, also known as Paul, has been Chief Executive Officer and General Manager at Türk Telekomünikasyon A.S. since September 29, 2016. Dr. Doany served as Chairman and Director General of Türk Telekomünikasyon A.S. He served as the Chief Executive Officer, Managing Director and Executive Director of Oger Telecom Limited from 2002 to June 2011. He served as Chief Executive Officer of Türk Telekomünikasyon A.S. until August 2010. Dr. Doany then took office as a consultant for the telecommunications business over the course of 14 years. As part of this task, he served as a General Manager for Dar Consultants (based in London) and founded Telecom department as a General Manager/ Partner at Dar Al Handasah Consultants (Shair&Partners) and boosted to grow in transportation and finance. He served as Managing Director in charge of telecommunications activities of the UK offices of Dar Al-Handasah. Dr. Doany has over 25 years of experience managing projects in the telecommunications industry. He led preparations for Oger Telecom in countries including South Africa, Kazakhstan, Turkey, Egypt, Morocco, Nigeria and Pakistan. Dr. Doany serves as the Chairman of TIMAR Ventures. He serves as the Chairman of Argela, Innova, IES and TTNet, the wholly owned subsidiaries of Türk Telekom. He serves as Director of AssisTT, Avea and GSM operator. He serves as a Director of 3C Telecommunications (Pty) Limited. He served as a Director of Türk Telekomünikasyon A.S. since November 2005. He served as a Director of Avea Iletisim Hizmetleri A.S. He served as an Executive Director of Oger Telecom Limited until June 2011. Dr. Doany holds a Ph.D in Communications Engineering from the University of Manchester Institute of Science and Technologyin 1981, an M.Sc. in Digital Electronics & Communications from the University of Bradford in 1978 and a B.Sc in Electrical Engineering from the American University of Beirut in 1977. He served as a senior lecturer for the Department of Electronics/Communications in Beirut American University. Dr. Doany had served for the Saudi Oger Group for 12 years and taken office as the Founding CEO of Oger Telecommunications. In addition, he ran the acquisition and start-up operational process of Cell C in South Africa until it was launched. Dr. Paul Doany has focused on the Venture Capital of Informatics and Communication Technologies and run Informatics and Communication Technologies and run start-up phase investments in IT/Internet companies and renewable energy.

CEO Compensation
  • Insufficient data for Paul to compare compensation growth.
  • Insufficient data for Paul to establish whether their remuneration is reasonable compared to companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Türk Telekomünikasyon Anonim Sirketi management team in years:

2.6
Average Tenure
50
Average Age
  • The tenure for the Türk Telekomünikasyon Anonim Sirketi management team is about average.
Management Team

Paul Doany

TITLE
CEO & GM
AGE
64
TENURE
2.8 yrs

Kaan Aktan

TITLE
Assistant General Manager of Finance
AGE
49
TENURE
2.6 yrs

Yusuf Kiraç

TITLE
Assistant General Manager of Technology
TENURE
1.5 yrs

Sabriye Çullas

TITLE
Investor Relations Director

Süleyman Kisac

TITLE
Corporate Governance and Compliance Manager

Yakup Öztunç

TITLE
Assistant General Manager of Legal
TENURE
2.5 yrs

Ümit Önal

TITLE
Assistant GM of Marketing & Customer Care and Acting Assistant GM of Sales
TENURE
2.6 yrs

Sükrü Kutlu

TITLE
Assistant General Manager of Human Resources
AGE
49
TENURE
2.6 yrs

Nazif Burca

TITLE
CEO Advisor
AGE
51
TENURE
12 yrs

Yavuz Türkmen

TITLE
Head of Internal Audit
TENURE
2.4 yrs
Board of Directors Tenure

Average tenure and age of the Türk Telekomünikasyon Anonim Sirketi board of directors in years:

0.6
Average Tenure
52
Average Age
  • The average tenure for the Türk Telekomünikasyon Anonim Sirketi board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ömer Sayan

TITLE
Chairman

Eyüp Engin

TITLE
Vice Chairman

Yigit Bulut

TITLE
Independent Non-Executive Director
AGE
47
TENURE
5.2 yrs

Nureddin Nebati

TITLE
Independent Director
AGE
55
TENURE
0.6 yrs

Selim Dursun

TITLE
Independent Board Member
AGE
62

Muammer Sezgin

TITLE
Director
AGE
58
TENURE
0.6 yrs

Hakan Aran

TITLE
Director
AGE
51
TENURE
0.6 yrs

Aclan Acar

TITLE
Director
TENURE
0.3 yrs

Ertugrul Altin

TITLE
Director
AGE
52
TENURE
0.3 yrs

Ali Polat

TITLE
Member of Statutory Audit Board
AGE
47
TENURE
3.2 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
X
Management checks
We assess Türk Telekomünikasyon Anonim Sirketi's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Türk Telekomünikasyon Anonim Sirketi has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

TRKN.Y News

Simply Wall St News

TRKN.Y Company Info

Description

Türk Telekomünikasyon Anonim Sirketi, together with its subsidiaries, provides integrated telecommunication services in Turkey. The company operates in two segments, Fixed line and Mobile. It offers local, national, international, and mobile telecommunication services; Internet products and services; and call center and customer relationship management, and technology and information management services. The company also provides Web based learning solutions; Internet/data services; infrastructure and wholesale voice services; mobile service marketing services; television and radio broadcasting services; electrical energy trading services; and mobile finance services, as well as serves as a GSM operator. As of December 31, 2017, it had 13.7 million fixed access lines; 9.7 million broadband; and 19.6 million mobile subscribers. The company was founded in 1840 and is headquartered in Ankara, Turkey. Türk Telekomünikasyon Anonim Sirketi is a subsidiary of Ojer Telekomunikasyon A.S.

Details
Name: Türk Telekomünikasyon Anonim Sirketi
TRKN.Y
Exchange: OTCPK
Founded: 1840
TRY3,480,272,252
3,499,999,999
Website: http://www.turktelekom.com.tr
Address: Türk Telekomünikasyon Anonim Sirketi
Turgut Özal Bulvari,
Aydinlikevler,
Ankara,
06103,
Turkey
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
IBSE TTKOM Group D Bearer Shares Borsa Istanbul (BIST) TR TRY 15. May 2008
OTCPK TRKN.F Group D Bearer Shares Pink Sheets LLC US USD 15. May 2008
OTCPK TRKN.Y UNSPON ADR EACH REPR 2 SHS Pink Sheets LLC US USD 11. Aug 2011
BST 4TTA UNSPON ADR EACH REPR 2 SHS Boerse-Stuttgart DE EUR 11. Aug 2011
Number of employees
Current staff
Staff numbers
32,770
Türk Telekomünikasyon Anonim Sirketi employees.
Industry
Integrated Telecommunication Services
Telecom
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/07/22 03:55
End of day share price update: 2019/07/19 00:00
Last estimates confirmation: 2019/07/19
Last earnings filing: 2019/05/07
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.