OTCPK:TKHV.Y

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Türk Hava Yollari Anonim Ortakligi

Executive Summary

Türk Hava Yollari Anonim Ortakligi provides air transport and aircraft technical maintenance services in Turkey and internationally. More Details


Snowflake Analysis

High growth potential and fair value.


Similar Companies

Share Price & News

How has Türk Hava Yollari Anonim Ortakligi's share price performed over time and what events caused price changes?


Latest Share Price and Events

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


Market Performance


7 Day Return

-13.5%

TKHV.Y

-9.5%

US Airlines

-4.6%

US Market


1 Year Return

-45.8%

TKHV.Y

-47.0%

US Airlines

11.5%

US Market

Return vs Industry: TKHV.Y exceeded the US Airlines industry which returned -42.6% over the past year.

Return vs Market: TKHV.Y underperformed the US Market which returned 15.6% over the past year.


Shareholder returns

TKHV.YIndustryMarket
7 Day-13.5%-9.5%-4.6%
30 Day-19.4%-2.6%-0.9%
90 Day-28.4%12.6%2.2%
1 Year-45.8%-45.8%-46.7%-47.0%14.0%11.5%
3 Year-52.6%-52.6%-37.3%-38.9%34.5%25.6%
5 Year-64.7%-64.7%-32.8%-35.3%73.0%53.6%

Price Volatility Vs. Market

How volatile is Türk Hava Yollari 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 Türk Hava Yollari Anonim Ortakligi undervalued compared to its fair value and its price relative to the market?

9.04x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: TKHV.Y ($12.98) is trading above our estimate of fair value ($5.74)

Significantly Below Fair Value: TKHV.Y is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: TKHV.Y is poor value based on its PE Ratio (9.4x) compared to the XN Airlines industry average (6.7x).

PE vs Market: TKHV.Y is good value based on its PE Ratio (9.4x) compared to the US market (18.9x).


Price to Earnings Growth Ratio

PEG Ratio: TKHV.Y is good value based on its PEG Ratio (0.1x)


Price to Book Ratio

PB vs Industry: TKHV.Y is good value based on its PB Ratio (0.3x) compared to the US Airlines industry average (0.8x).


Next Steps

Future Growth

How is Türk Hava Yollari Anonim Ortakligi forecast to perform in the next 1 to 3 years based on estimates from 14 analysts?

100.2%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: TKHV.Y's forecast earnings growth (100.2% per year) is above the savings rate (2.2%).

Earnings vs Market: TKHV.Y's earnings (100.2% per year) are forecast to grow faster than the US market (22.2% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: TKHV.Y's revenue (21.4% per year) is forecast to grow faster than the US market (10% per year).

High Growth Revenue: TKHV.Y's revenue (21.4% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: TKHV.Y's Return on Equity is forecast to be low in 3 years time (13.4%).


Next Steps

Past Performance

How has Türk Hava Yollari Anonim Ortakligi performed over the past 5 years?

21.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: TKHV.Y has high quality earnings.

Growing Profit Margin: TKHV.Y's current net profit margins (2.2%) are lower than last year (3.9%).


Past Earnings Growth Analysis

Earnings Trend: TKHV.Y's earnings have grown significantly by 21.3% per year over the past 5 years.

Accelerating Growth: TKHV.Y's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: TKHV.Y had negative earnings growth (-50%) over the past year, making it difficult to compare to the Airlines industry average (-38.5%).


Return on Equity

High ROE: TKHV.Y's Return on Equity (3.4%) is considered low.


Next Steps

Financial Health

How is Türk Hava Yollari Anonim Ortakligi's financial position?


Financial Position Analysis

Short Term Liabilities: TKHV.Y's short term assets (TRY28.6B) do not cover its short term liabilities (TRY44.3B).

Long Term Liabilities: TKHV.Y's short term assets (TRY28.6B) do not cover its long term liabilities (TRY84.2B).


Debt to Equity History and Analysis

Debt Level: TKHV.Y's debt to equity ratio (69.8%) is considered high.

Reducing Debt: TKHV.Y's debt to equity ratio has increased from 1.8% to 69.8% over the past 5 years.

Debt Coverage: TKHV.Y's debt is well covered by operating cash flow (46.3%).

Interest Coverage: TKHV.Y's interest payments on its debt are well covered by EBIT (8.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Türk Hava Yollari Anonim Ortakligi current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate TKHV.Y's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate TKHV.Y's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if TKHV.Y's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if TKHV.Y's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: TKHV.Y is not paying a notable dividend for the US market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of TKHV.Y's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

  • Explore strong dividend paying companies in the Transportation industry.

Management

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

5.3yrs

Average management tenure


CEO

Bilal Eksi (52 yo)

4yrs

Tenure

Mr. Bilal Eksi serves as General Manager at Türk Hava Yollari Anonim Ortakligi since February 2020. He served as Chief Executive Officer of Türk Hava Yollari Anonim Ortakligi since October 21, 2016 until F ...


Leadership Team

NamePositionTenureCompensationOwnership
Bilal Eksi
GM, President & Director4yrsno datano data
Murat Seker
Chief Financial Officer4.17yrsno datano data
Ahmet Bolat
Chief Investment & Technology Officer8.75yrsno datano data
Zekeriya Demir
Senior Vice President of Accounting & Financial Controlno datano datano data
Kadir Çoskun
Investor Relations Managerno datano datano data
Ahmet Olmustur
Chief Marketing Officer6.42yrsno datano data
Abdulkerim Çay
Chief Human Resources Officer5.5yrsno datano data
Murat Bas
Senior Vice President of Network Planning5.25yrsno datano data
M. Konar
Chief Commercial Officer7.5yrsno datano data
Ali Yakut
Chief Information Technology & Transformation Officer5.33yrsno datano data
Turhan Özen
Chief Cargo Officer3.25yrsno datano data
Aykut Alpa
Chief Flight Operations Officer2.42yrsno datano data

5.3yrs

Average Tenure

54.5yo

Average Age

Experienced Management: TKHV.Y's management team is seasoned and experienced (5.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Bilal Eksi
GM, President & Director4yrsno datano data
Mehmet Akpinar
Independent Director13.5yrsno datano data
Orhan Birdal
Director3.33yrsno datano data
Mecit Es
Deputy Chairman1.75yrsno datano data
Mehmet Ayci
Chairman of the Board5.5yrsno datano data
Ogün Sanlier
Independent Director5.5yrsno datano data
Mithat Aksoy
Director2.42yrsno datano data
Fatmanur Altun
Independent Director2.5yrsno datano data
Salim Ermut
Director1.33yrsno datano data
Melih Ecertas
Independent Directorno datano datano data

3.3yrs

Average Tenure

49yo

Average Age

Experienced Board: TKHV.Y's board of directors are considered experienced (3.3 years average tenure).


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

Türk Hava Yollari Anonim Ortakligi's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Türk Hava Yollari Anonim Ortakligi
  • Ticker: TKHV.Y
  • Exchange: OTCPK
  • Founded: 1933
  • Industry: Airlines
  • Sector: Transportation
  • Market Cap: ₺12.641b
  • Listing Market Cap: ₺1.529b
  • Shares outstanding: 1.38b
  • Website: https://www.turkishairlines.com

Number of Employees


Location

  • Türk Hava Yollari Anonim Ortakligi
  • Genel Yönetim Binasi
  • Yesilköy Mahallesi
  • Istanbul
  • 34149
  • Turkey

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
THYAOIBSE (Borsa Istanbul (BIST))YesClass A Registered SharesTRTRYOct 1993
TKHV.YOTCPK (Pink Sheets LLC)UNSP ADR EACH REPR 10 ORDUSUSDOct 2008
TU5ABST (Boerse-Stuttgart)UNSP ADR EACH REPR 10 ORDDEEUROct 2008

Biography

Türk Hava Yollari Anonim Ortakligi provides air transport and aircraft technical maintenance services in Turkey and internationally. The company offers domestic and international passenger and cargo air tr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/29 00:00
End of Day Share Price2020/10/28 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.