Financials Vakif Gayrimenkul Yatirim Ortakligi

Equities

VKGYO

TRAVKGYO91Q3

Commercial REITs

Market Closed - Borsa Istanbul 11:09:55 2024-05-16 EDT 5-day change 1st Jan Change
2.46 TRY 0.00% Intraday chart for Vakif Gayrimenkul Yatirim Ortakligi +4.68% +35.91%

Valuation

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Capitalization 1 553.3 447.7 568.1 1,665 1,600 7,271
Enterprise Value (EV) 1 523.8 680.6 902.8 1,240 1,073 6,510
P/E ratio 7.5 x 11 x 5.91 x 12 x 2.63 x 3.12 x
Yield - - - - - -
Capitalization / Revenue 172 x 2.35 x 25.9 x 21.4 x 16.1 x 2.86 x
EV / Revenue 162 x 3.57 x 41.2 x 16 x 10.8 x 2.56 x
EV / EBITDA -79.7 x 21.2 x -330 x -435 x 123 x 12.8 x
EV / FCF 103 x -17.8 x 73.6 x 2.23 x -5.84 x 28.8 x
FCF Yield 0.97% -5.6% 1.36% 44.8% -17.1% 3.47%
Price to Book 0.6 x 0.46 x 0.53 x 0.48 x 0.66 x 1.52 x
Nbr of stocks (in thousands) 481,102 491,670 491,670 983,339 1,966,678 1,966,678
Reference price 2 1.150 0.9107 1.155 1.693 0.8136 3.697
Announcement Date 18-02-22 19-02-25 20-02-17 21-02-12 22-02-09 23-02-21
1TRY in Million2TRY
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net sales 1 3.224 190.9 21.93 77.71 99.1 2,545
EBITDA 1 -6.57 32.16 -2.74 -2.852 8.729 508.8
EBIT 1 -6.788 31.87 -3.177 -2.965 8.188 507.9
Operating Margin -210.55% 16.7% -14.49% -3.81% 8.26% 19.95%
Earnings before Tax (EBT) 1 75.36 40.76 96.15 118.6 474.7 2,332
Net income 1 75.36 40.76 96.15 118.6 474.7 2,332
Net margin 2,337.53% 21.35% 438.43% 152.6% 479.01% 91.63%
EPS 2 0.1533 0.0829 0.1956 0.1411 0.3094 1.186
Free Cash Flow 1 5.069 -38.14 12.27 555.9 -183.7 225.9
FCF margin 157.25% -19.98% 55.93% 715.33% -185.38% 8.88%
FCF Conversion (EBITDA) - - - - - 44.41%
FCF Conversion (Net income) 6.73% - 12.76% 468.76% - 9.69%
Dividend per Share - - - - - -
Announcement Date 18-02-22 19-02-25 20-02-17 21-02-12 22-02-09 23-02-21
1TRY in Million2TRY
Estimates

Balance Sheet Analysis

Fiscal Period: December 2017 2018 2019 2020 2021 2022
Net Debt 1 - 233 335 - - -
Net Cash position 1 29.5 - - 425 527 761
Leverage (Debt/EBITDA) - 7.24 x -122.2 x - - -
Free Cash Flow 1 5.07 -38.1 12.3 556 -184 226
ROE (net income / shareholders' equity) 8.35% 4.24% 9.47% 9.46% 24.4% 64.7%
ROA (Net income/ Total Assets) -0.39% 1.4% -0.11% -0.08% 0.14% 5.61%
Assets 1 -19,377 2,913 -84,344 -150,881 350,323 41,595
Book Value Per Share 2 1.910 2.000 2.160 3.500 1.240 2.430
Cash Flow per Share 2 0.0600 0.2900 0 1.990 0.4300 0.4400
Capex 1 0.72 0.06 0.01 0.08 0.11 0.73
Capex / Sales 22.19% 0.03% 0.04% 0.1% 0.11% 0.03%
Announcement Date 18-02-22 19-02-25 20-02-17 21-02-12 22-02-09 23-02-21
1TRY in Million2TRY
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Change in Enterprise Value/EBITDA

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