Financials Is Gayrimenkul Yatirim Ortakligi

Equities

ISGYO

TRAISGYO91Q3

Commercial REITs

Market Closed - Borsa Istanbul 11:09:36 2024-05-15 EDT 5-day change 1st Jan Change
15.15 TRY +0.13% Intraday chart for Is Gayrimenkul Yatirim Ortakligi -6.08% -2.32%

Valuation

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 1,035 1,687 2,435 2,905 10,201 14,870
Enterprise Value (EV) 1 2,237 2,522 3,355 3,782 12,353 19,134
P/E ratio 3.03 x 5.68 x 9.14 x 2.18 x 1.22 x 4.75 x
Yield - - - - - -
Capitalization / Revenue 0.94 x 1.4 x 4.39 x 5.92 x 14.7 x 11.8 x
EV / Revenue 2.03 x 2.09 x 6.05 x 7.71 x 17.9 x 15.2 x
EV / EBITDA 12.8 x 11.9 x 19.8 x 13.4 x 31.8 x 28.7 x
EV / FCF -30.3 x 38.2 x -78.6 x 18.9 x -45.9 x -14.8 x
FCF Yield -3.3% 2.62% -1.27% 5.3% -2.18% -6.75%
Price to Book 0.29 x 0.44 x 0.59 x 0.53 x 0.73 x 0.55 x
Nbr of stocks (in thousands) 958,750 958,750 958,750 958,750 958,750 958,750
Reference price 2 1.080 1.760 2.540 3.030 10.64 15.51
Announcement Date 1/31/19 1/30/20 1/29/21 1/31/22 1/30/23 2/23/24
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net sales 1 1,100 1,208 554.7 490.6 692 1,258
EBITDA 1 174.2 211.3 169.9 281.4 389 666.7
EBIT 1 173 210 168.4 279.5 386.2 659.2
Operating Margin 15.73% 17.38% 30.35% 56.98% 55.81% 52.4%
Earnings before Tax (EBT) 1 341.6 297.4 266.5 1,330 8,364 3,131
Net income 1 341.6 297.4 266.5 1,330 8,364 3,131
Net margin 31.07% 24.62% 48.04% 271.1% 1,208.68% 248.89%
EPS 2 0.3563 0.3100 0.2780 1.387 8.720 3.266
Free Cash Flow 1 -73.85 66.04 -42.69 200.4 -269 -1,291
FCF margin -6.72% 5.47% -7.7% 40.84% -38.87% -102.61%
FCF Conversion (EBITDA) - 31.25% - 71.2% - -
FCF Conversion (Net income) - 22.21% - 15.06% - -
Dividend per Share - - - - - -
Announcement Date 1/31/19 1/30/20 1/29/21 1/31/22 1/30/23 2/23/24
1TRY in Million2TRY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Net Debt 1 1,201 834 920 877 2,152 4,263
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) 6.894 x 3.948 x 5.417 x 3.115 x 5.534 x 6.395 x
Free Cash Flow 1 -73.8 66 -42.7 200 -269 -1,291
ROE (net income / shareholders' equity) 9.99% 8.02% 6.67% 27.7% 86.2% 12.3%
ROA (Net income/ Total Assets) 2.05% 2.4% 1.92% 2.94% 2% 1.31%
Assets 1 16,641 12,395 13,857 45,302 417,479 238,700
Book Value Per Share 2 3.710 4.030 4.310 5.710 14.50 28.20
Cash Flow per Share 2 0.0600 0.4100 0.0600 0.1400 1.300 0.6700
Capex 1 0.57 0.1 0.32 1.03 5.7 1.46
Capex / Sales 0.05% 0.01% 0.06% 0.21% 0.82% 0.12%
Announcement Date 1/31/19 1/30/20 1/29/21 1/31/22 1/30/23 2/23/24
1TRY in Million2TRY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
1
Last Close Price
15.13 TRY
Average target price
50 TRY
Spread / Average Target
+230.47%
Consensus

Annual profits - Rate of surprise

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