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Aygaz Anonim Sirketi

OTCPK:AYGU.Y
Snowflake Description

Good value with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AYGU.Y
OTCPK
TRY4B
Market Cap
  1. Home
  2. US
  3. Utilities
Company description

Aygaz Anonim Sirketi, together with its subsidiaries, purchases and sells liquid petroleum gas (LPG) to retailers for distribution to customers in Turkey. The last earnings update was 73 days ago. More info.


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AYGU.Y Share Price and Events
Price Volatility
AYGU.Y
Industry
5yr Volatility vs Market
Related Companies

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

AYGU.Y Value

 Is Aygaz 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 Aygaz 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 Aygaz Anonim Sirketi.

OTCPK:AYGU.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 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 8.6%
Perpetual Growth Rate 10-Year US Government Bond Rate 3%

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:AYGU.Y
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 3%
Equity Risk Premium S&P Global 7.1%
Gas Utilities Unlevered Beta Simply Wall St/ S&P Global 0.41
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.412 (1 + (1- 22%) (30.11%))
0.508
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)
= 2.95% + (0.8 * 7.05%)
8.59%

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

The calculations below outline how an intrinsic value for Aygaz Anonim Sirketi is arrived at by discounting future cash flows to their present value using the 2 stage method. We use analyst's estimates of cash flows going forward 5 years for the 1st stage, the 2nd stage assumes the company grows at a stable rate into perpetuity.

OTCPK:AYGU.Y DCF 1st Stage: Next 5 year cash flow forecast
2019 2020 2021 2022 2023
Levered FCF (TRY, Millions) 86.44 171.81 264.00 296.00 315.92
Source Analyst x2 Analyst x2 Analyst x1 Analyst x1 Est @ 6.73%
Present Value
Discounted (@ 8.59%)
79.60 145.70 206.17 212.88 209.23
Present value of next 5 years cash flows TRY853.58
OTCPK:AYGU.Y DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2023 × (1 + g) ÷ (Discount Rate – g)
= TRY315.92 × (1 + 2.95%) ÷ (8.59% – 2.95%)
TRY5,766.59
Present Value of Terminal Value = Terminal Value ÷ (1 + r)5
= TRY5,766.59 ÷ (1 + 8.59%)5
TRY3,819.18
OTCPK:AYGU.Y Total Equity Value
Calculation Result
Total Equity Value = Present value of next 5 years cash flows + Terminal Value
= TRY853.58 + TRY3,819.18
TRY4,672.76
Equity Value per Share
(TRY)
= Total value / Shares Outstanding
= TRY4,672.76 / 300.00
TRY12.49
OTCPK:AYGU.Y Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in OTCPK:AYGU.Y represents 0.80174x of IBSE:AYGAZ
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.80174x
Value per Share
(Listing Adjusted, USD)
= Value per Share (TRY) x Listing Adjustment Factor
= TRY 15.58 x 0.80174
$12.49
Value per share (USD) From above. $12.49
Current discount Discount to share price of $10.15
= -1 x ($10.15 - $12.49) / $12.49
18.7%

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

Current Discount
Amount off the current price Aygaz Anonim Sirketi is available for.
Intrinsic value
19%
Share price is $10.15 vs Future cash flow value of $12.49
Current Discount Checks
For Aygaz Anonim Sirketi to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Aygaz Anonim Sirketi's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Aygaz Anonim Sirketi's share price is below the future cash flow value, but not 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 Aygaz Anonim Sirketi's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Aygaz Anonim Sirketi's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
OTCPK:AYGU.Y PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2018-06-30) in TRY TRY1.52
IBSE:AYGAZ Share Price ** IBSE (2018-07-24) in TRY TRY12.66
United States of America Gas Utilities Industry PE Ratio Median Figure of 10 Publicly-Listed Gas Utilities Companies 18.97x
United States of America Market PE Ratio Median Figure of 2,939 Publicly-Listed Companies 18.97x

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

** Primary Listing of Aygaz Anonim Sirketi.

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

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

= 12.66 ÷ 1.52

8.35x

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

  • Aygaz Anonim Sirketi is good value based on earnings compared to the US Gas Utilities industry average.
  • Aygaz Anonim Sirketi is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does Aygaz Anonim Sirketi's expected growth come at a high price?
Raw Data
OTCPK:AYGU.Y PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 8.35x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
18.9%per year
United States of America Gas Utilities Industry PEG Ratio Median Figure of 9 Publicly-Listed Gas Utilities Companies -0.47x
United States of America Market PEG Ratio Median Figure of 2,059 Publicly-Listed Companies 1.27x

*Line of best fit is calculated by linear regression .

OTCPK:AYGU.Y PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 8.35x ÷ 18.9%

0.44x

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

  • Aygaz Anonim Sirketi is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Aygaz Anonim Sirketi's assets?
Raw Data
OTCPK:AYGU.Y PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2018-06-30) in TRY TRY8.63
IBSE:AYGAZ Share Price * IBSE (2018-07-24) in TRY TRY12.66
United States of America Gas Utilities Industry PB Ratio Median Figure of 12 Publicly-Listed Gas Utilities Companies 2.45x
United States of America Market PB Ratio Median Figure of 4,944 Publicly-Listed Companies 1.91x
OTCPK:AYGU.Y PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 12.66 ÷ 8.63

1.47x

* Primary Listing of Aygaz Anonim Sirketi.

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

  • Aygaz Anonim Sirketi is good value based on assets compared to the US Gas Utilities industry average.
X
Value checks
We assess Aygaz 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 Gas Utilities 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 Gas Utilities industry average (and greater than 0)? (1 check)
  5. Aygaz Anonim Sirketi has a total score of 4/6, 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.

AYGU.Y Future Performance

 How is Aygaz Anonim Sirketi expected to perform in the next 1 to 3 years based on estimates from 4 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
18.9%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Aygaz Anonim Sirketi expected to grow at an attractive rate?
  • Aygaz Anonim Sirketi's earnings growth is expected to exceed the low risk savings rate of 3%.
Growth vs Market Checks
  • Aygaz Anonim Sirketi's earnings growth is expected to exceed the United States of America market average.
  • Aygaz Anonim Sirketi's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
OTCPK:AYGU.Y Future Growth Rates Data Sources
Data Point Source Value (per year)
OTCPK:AYGU.Y Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 18.9%
OTCPK:AYGU.Y Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 1.7%
United States of America Gas Utilities Industry Earnings Growth Rate Market Cap Weighted Average -7.4%
United States of America Gas Utilities Industry Revenue Growth Rate Market Cap Weighted Average 2.9%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 15.9%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*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:AYGU.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 4 Analyst Estimates (S&P Global) See Below
All numbers in TRY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
OTCPK:AYGU.Y Future Estimates Data
Date (Data in TRY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-12-31 9,839 1
2021-12-31 9,522 1
2020-12-31 12,356 603 699 3
2019-12-31 11,262 344 566 3
2018-12-31 10,190 485 470 2
OTCPK:AYGU.Y Past Financials Data
Date (Data in TRY Millions) Revenue Cash Flow Net Income *
2018-06-30 8,809 335 455
2018-03-31 8,467 215 475
2017-12-31 8,469 251 577
2017-09-30 8,006 229 631
2017-06-30 7,635 191 584
2017-03-31 7,289 579 508
2016-12-31 6,749 582 416
2016-09-30 6,510 598 422
2016-06-30 6,516 484 416
2016-03-31 6,504 289 431
2015-12-31 6,420 239 418
2015-09-30 6,514 168 274

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Aygaz Anonim Sirketi's earnings are expected to grow by 18.9% yearly, however this is not considered high growth (20% yearly).
  • Aygaz Anonim Sirketi's revenue is expected to grow by 1.7% 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:AYGU.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 4 Analyst Estimates (S&P Global) See Below

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

OTCPK:AYGU.Y Future Estimates Data
Date (Data in TRY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-12-31
2021-12-31
2020-12-31 2.33 2.37 2.29 2.00
2019-12-31 1.92 2.09 1.81 3.00
2018-12-31 1.67 2.03 1.37 3.00
OTCPK:AYGU.Y Past Financials Data
Date (Data in TRY Millions) EPS *
2018-06-30 1.52
2018-03-31 1.58
2017-12-31 1.92
2017-09-30 2.10
2017-06-30 1.95
2017-03-31 1.69
2016-12-31 1.39
2016-09-30 1.41
2016-06-30 1.39
2016-03-31 1.44
2015-12-31 1.39
2015-09-30 0.91

*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.
  • Aygaz Anonim Sirketi is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Aygaz 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.
Aygaz Anonim Sirketi has a total score of 2/6, 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.

AYGU.Y Past Performance

  How has Aygaz 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 Aygaz Anonim Sirketi's growth in the last year to its industry (Gas Utilities).
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.
  • Aygaz Anonim Sirketi has delivered over 20% year on year earnings growth in the past 5 years.
  • Aygaz Anonim Sirketi's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Aygaz Anonim Sirketi's 1-year earnings growth is negative, it can't be compared to the US Gas Utilities industry average.
Earnings and Revenue History
Aygaz 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 Aygaz Anonim Sirketi Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

OTCPK:AYGU.Y Past Revenue, Cash Flow and Net Income Data
Date (Data in TRY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2018-06-30 8,808.50 454.68 499.18 3.70
2018-03-31 8,467.09 474.92 487.27 3.89
2017-12-31 8,469.28 577.02 480.22 3.65
2017-09-30 8,005.84 631.38 450.06 4.30
2017-06-30 7,635.07 583.55 457.78 4.12
2017-03-31 7,289.40 507.73 454.64 4.38
2016-12-31 6,748.76 415.67 455.25 4.59
2016-09-30 6,510.32 422.17 448.14 3.57
2016-06-30 6,516.03 416.39 425.75 3.46
2016-03-31 6,503.96 430.52 415.88 2.76
2015-12-31 6,419.61 418.38 406.99 2.48
2015-09-30 6,514.19 274.46 430.39 2.45
2015-06-30 6,533.27 229.77 415.34 2.15
2015-03-31 6,724.55 187.46 407.48 2.53
2014-12-31 7,061.28 217.96 395.80 2.63
2014-09-30 6,991.80 227.06 394.98 2.70
2014-06-30 6,729.01 277.38 392.11 2.86
2014-03-31 6,405.33 248.88 380.11 2.73
2013-12-31 6,004.98 205.25 372.64 2.98
2013-09-30 5,905.49 256.95 355.29 3.20
2013-06-30 5,700.80 260.20 345.40 2.93
2013-03-31 5,569.24 252.67 339.38 2.93
2012-12-31 5,586.06 304.93 331.42 2.52
2012-09-30 5,515.20 293.33 331.01 2.04
2012-06-30 5,614.80 212.87 332.07 2.09
2012-03-31 5,596.48 226.67 327.53 2.03
2011-12-31 5,455.67 379.70 318.38 1.95

*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.
  • Aygaz Anonim Sirketi has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Aygaz Anonim Sirketi used its assets more efficiently than the US Gas Utilities industry average last year based on Return on Assets.
  • Aygaz Anonim Sirketi has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Aygaz 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 Gas Utilities 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.
Aygaz Anonim Sirketi has a total score of 3/6, 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.

AYGU.Y Health

 How is Aygaz 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 Aygaz Anonim Sirketi's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Aygaz Anonim Sirketi is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Aygaz Anonim Sirketi's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Aygaz 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 covered by short term assets, assets are 1.1x 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 Aygaz Anonim Sirketi Company Filings, last reported 3 months ago.

OTCPK:AYGU.Y Past Debt and Equity Data
Date (Data in TRY Millions) Total Equity Total Debt Cash & Short Term Investments
2018-06-30 2,589.83 1,143.66 367.99
2018-03-31 2,504.78 998.82 507.79
2017-12-31 2,923.06 973.27 602.27
2017-09-30 2,864.27 856.79 403.61
2017-06-30 2,696.74 748.12 221.59
2017-03-31 2,438.81 656.32 616.62
2016-12-31 2,741.56 630.51 567.73
2016-09-30 2,673.42 604.21 510.84
2016-06-30 2,564.14 658.65 485.55
2016-03-31 2,685.66 607.37 406.70
2015-12-31 2,610.82 551.35 308.29
2015-09-30 2,485.54 600.31 274.13
2015-06-30 2,368.16 476.16 193.34
2015-03-31 2,292.96 473.39 190.22
2014-12-31 2,359.19 365.29 160.90
2014-09-30 2,333.36 240.73 167.11
2014-06-30 2,264.86 280.27 141.88
2014-03-31 2,153.45 202.51 225.46
2013-12-31 2,243.58 237.81 173.05
2013-09-30 2,283.57 212.88 148.89
2013-06-30 2,164.59 154.34 105.43
2013-03-31 2,421.29 7.13 160.85
2012-12-31 2,380.54 5.81 125.37
2012-09-30 2,255.19 0.00 147.00
2012-06-30 2,134.12 0.00 136.75
2012-03-31 2,248.45 7.21 351.84
2011-12-31 2,154.63 1.76 254.30
  • Aygaz Anonim Sirketi's level of debt (44.2%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (7.2% vs 44.2% today).
  • Debt is well covered by operating cash flow (29.3%, greater than 20% of total debt).
  • Interest payments on debt are well covered by earnings (EBIT is 7.6x coverage).
X
Financial health checks
We assess Aygaz 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. Aygaz Anonim Sirketi has a total score of 4/6, 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.

AYGU.Y Dividends

 What is Aygaz 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 Aygaz Anonim Sirketi dividends. Estimated to be 12.46% next year.
If you bought $2,000 of Aygaz 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 Aygaz Anonim Sirketi's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Aygaz 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:AYGU.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 4 Analyst Estimates (S&P Global) See Below
United States of America Gas Utilities Industry Average Dividend Yield Market Cap Weighted Average of 12 Stocks 2.3%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1973 Stocks 2.5%
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 3.5%

Industry and Market average data is calculated daily.

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

OTCPK:AYGU.Y Future Dividends Estimate Data
Date (Data in TRY) Dividend per Share (annual) Avg. No. Analysts
2022-12-31 1.49 1.00
2021-12-31 1.54 1.00
2020-12-31 1.82 3.00
2019-12-31 1.67 3.00
2018-12-31 1.29 3.00
OTCPK:AYGU.Y Past Annualized Dividends Data
Date (Data in TRY) Dividend per share (annual) Avg. Yield (%)
2013-08-12 1.000 11.089
2013-03-20 1.000 10.253
2012-03-08 0.500 5.842
2011-03-09 0.417 4.356
2009-12-31 0.333 4.818
2008-12-31 0.100 3.304
2008-10-22 0.000 0.000

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

  • Unable to perform a dividend volatility check as Aygaz Anonim Sirketi has not reported any payouts.
  • Unable to verify if Aygaz Anonim Sirketi's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Aygaz Anonim Sirketi's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Aygaz Anonim Sirketi has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.2x coverage).
X
Income/ dividend checks
We assess Aygaz 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 Aygaz Anonim Sirketi afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Aygaz 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.

AYGU.Y Management

 What is the CEO of Aygaz 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
Gökhan Tezel, image provided by Google.
Gökhan Tezel
TENURE AS CEO 3 years
CEO Bio

Mr. Gökhan Tezel has been General Manager at Aygaz Anonim Sirketi since October 2015 and served as its Assistant General Manager of Finance since December 1, 2009. Mr. Tezel began his career in 1993 as a finance expert at Tofas and became the Finance Manager in 1998. He also served as the General Manager of Koç Fiat Consumer Credit Financing.

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

Average tenure of the Aygaz Anonim Sirketi management team in years:

4.9
Average Tenure
  • The tenure for the Aygaz Anonim Sirketi management team is about average.
Management Team

Gökhan Tezel

TITLE
General Manager
TENURE
3 yrs

Ferda Erginoglu

TITLE
Assistant General Manager of Finance
TENURE
2.9 yrs

Ali Kizilkaya

TITLE
Assistant General Manager of Technical Affairs & Investments
TENURE
7.9 yrs

Nurettin Demirtas

TITLE
Director of Affiliates & Accounting
TENURE
10.8 yrs

Ahmet Polat

TITLE
Director of Marketing
TENURE
8.8 yrs

Fikret Cosar

TITLE
Assistant General Manager of Sales
TENURE
2.8 yrs

Ayse Bilgin

TITLE
Director of Supply Chain
TENURE
6.8 yrs

Senol Polat

TITLE
Director of Autogas Sales
TENURE
0.3 yrs
Board of Directors Tenure

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

6.3
Average Tenure
63.5
Average Age
  • The tenure for the Aygaz Anonim Sirketi board of directors is about average.
Board of Directors

Rahmi Koç

TITLE
Chairman of the Board
AGE
88
TENURE
22.8 yrs

Ömer Koç

TITLE
Vice Chairman
AGE
56
TENURE
17.8 yrs

Kutsan Çelebican

TITLE
Independent Board Member

Sadan Dikici

TITLE
Independent Board Member
TENURE
0.8 yrs

Bülent Bulgurlu

TITLE
Non-Independent Non-Executive Director
AGE
71
TENURE
10.8 yrs

Yagiz Eyüboglu

TITLE
Director
TENURE
2.8 yrs

Alexandre François Picciotto

TITLE
Non-Independent Non-Executive Director
AGE
50
TENURE
6.3 yrs

Levent Çakiroglu

TITLE
Non-Independent Director
TENURE
3.8 yrs

Kemal Cansen

TITLE
Independent Board Member
Who owns this company?
Recent Insider Trading
  • No 3 month insider trading information.
Recent Insider Transactions
Announced Type Name Entity Start End Shares Value (USD)
X
Management checks
We assess Aygaz 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. Aygaz 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.

AYGU.Y News

External News
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Simply Wall St News

AYGU.Y Company Info

Map
Description

Aygaz Anonim Sirketi, together with its subsidiaries, purchases and sells liquid petroleum gas (LPG) to retailers for distribution to customers in Turkey. The company operates through three segments: Gas and Petroleum Products; Electricity; and Other. It also manufactures and exports LPG cylinders, LPG tanks, LPG stoves, and other supplementary materials, as well as valves and pressure regulators. In addition, the company distributes LPG as autogas, cylinder gas, and bulk gas; markets LPG-operated devices; carries out LPG marine transportation; sells carboy water; trades in fuel and lubricants through its autogas stations; and sells consumer durable goods. Further, it engages in the delivery of natural gas to customers through pipelines; and liquefied natural gas to customers through specially designed vehicles. Additionally, it purchases, builds, rents, and operates vessels, which transport crude oil, petroleum products, liquid petroleum gas, natural gas and solid, liquid, and liquefied products; and generates, distributes, and sells electricity. It operates power plants with a capacity of 364 MW, including two natural gas cycle plants of 300 MW; one cogeneration facility of 2 MW; and three hydroelectric power plants of 62 MW. The company provides its services through 2,192 cylinder gas dealers; and 1,741 autogas stations. Aygaz Anonim Sirketi was founded in 1961 and is headquartered in Istanbul, Turkey. Aygaz Anonim Sirketi is a subsidiary of Koç Holding A.S.

Details
Name: Aygaz Anonim Sirketi
AYGU.Y
Exchange: OTCPK
Founded: 1961
TRY666,783,708
300,000,000
Website: http://www.aygaz.com.tr
Address: Aygaz Anonim Sirketi
Büyükdere Caddesi No: 145-1,
Zincirlikuyu,
Istanbul,
34394,
Turkey
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
IBSE AYGAZ Ordinary Shares Borsa Istanbul (BIST) TR TRY 19. Jun 1992
OTCPK AYGU.Y UNSPONSORED ADR Pink Sheets LLC US USD 28. Oct 2008
Number of employees
Current staff
Staff numbers
1,348
Aygaz Anonim Sirketi employees.
Industry
Gas Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2018/10/21 21:21
End of day share price update: 2018/07/24 00:00
Last estimates confirmation: 2018/09/21
Last earnings filing: 2018/08/09
Last earnings reported: 2018/06/30
Last annual earnings reported: 2017/12/31


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.