Turkish (BIST) Market Analysis & Valuation
UpdatedMay 08, 2024
DataAggregated Company Financials
Companies535
- 7D3.3%
- 3M21.2%
- 1Y165.0%
- YTD37.0%
The market is up 3.3% in the last 7 days, led by the Financials and all sectors gaining ground. The market is up 165% over the last 12 months. As for the next few years, earnings are expected to grow by 22% per annum.
Market Valuation and Performance
Has the Turkish Market valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Wed, 08 May 2024 | ₺14.4t | ₺11.3t | ₺1.5t | 15.4x | 9.7x | 1.3x |
| Fri, 05 Apr 2024 | ₺12.4t | ₺10.2t | ₺1.4t | 14x | 8.5x | 1.2x |
| Sun, 03 Mar 2024 | ₺12.7t | ₺8.5t | ₺1.4t | 16.5x | 9.3x | 1.5x |
| Tue, 30 Jan 2024 | ₺11.3t | ₺8.2t | ₺1.4t | 13.6x | 8.3x | 1.4x |
| Thu, 28 Dec 2023 | ₺9.6t | ₺8.2t | ₺1.4t | 11x | 7.1x | 1.2x |
| Sat, 25 Nov 2023 | ₺11.0t | ₺8.2t | ₺1.3t | 13.5x | 8.2x | 1.3x |
| Mon, 23 Oct 2023 | ₺10.4t | ₺7.3t | ₺1.1t | 14.1x | 9.1x | 1.4x |
| Wed, 20 Sep 2023 | ₺9.8t | ₺7.2t | ₺1.1t | 14x | 8.6x | 1.4x |
| Fri, 18 Aug 2023 | ₺10.2t | ₺7.1t | ₺1.1t | 13.5x | 9.2x | 1.4x |
| Sun, 16 Jul 2023 | ₺7.3t | ₺6.7t | ₺1.1t | 11.9x | 6.9x | 1.1x |
| Tue, 13 Jun 2023 | ₺6.3t | ₺6.6t | ₺1.1t | 9.8x | 6x | 1x |
| Thu, 11 May 2023 | ₺5.0t | ₺6.5t | ₺1.0t | 7.6x | 4.8x | 0.8x |
| Sat, 08 Apr 2023 | ₺5.5t | ₺5.9t | ₺1.0t | 8.9x | 5.5x | 0.9x |
| Mon, 06 Mar 2023 | ₺5.8t | ₺5.7t | ₺912.7b | 10.4x | 6.3x | 1x |
| Wed, 01 Feb 2023 | ₺5.5t | ₺5.0t | ₺1.8t | 11.8x | 3.1x | 1.1x |
| Fri, 30 Dec 2022 | ₺6.2t | ₺4.9t | ₺680.5b | 13.9x | 9.1x | 1.2x |
| Sun, 27 Nov 2022 | ₺5.6t | ₺4.9t | ₺680.0b | 12.7x | 8.2x | 1.1x |
| Tue, 25 Oct 2022 | ₺4.5t | ₺3.9t | ₺501.3b | 12.3x | 9.1x | 1.2x |
| Thu, 22 Sep 2022 | ₺3.6t | ₺3.9t | ₺499.4b | 10x | 7.3x | 0.9x |
| Sat, 20 Aug 2022 | ₺3.5t | ₺3.8t | ₺486.5b | 10.6x | 7.3x | 0.9x |
| Mon, 18 Jul 2022 | ₺2.8t | ₺3.0t | ₺349.7b | 10.6x | 8x | 0.9x |
| Wed, 15 Jun 2022 | ₺2.9t | ₺3.0t | ₺350.1b | 10.1x | 8.2x | 1x |
| Fri, 13 May 2022 | ₺2.7t | ₺2.9t | ₺336.2b | 10.4x | 8.2x | 0.9x |
| Sun, 10 Apr 2022 | ₺2.6t | ₺2.5t | ₺282.7b | 11.7x | 9.3x | 1.1x |
| Tue, 08 Mar 2022 | ₺2.5t | ₺2.4t | ₺275.5b | 10.7x | 9.1x | 1x |
| Thu, 03 Feb 2022 | ₺2.5t | ₺2.1t | ₺219.7b | 15x | 11.6x | 1.2x |
| Sat, 01 Jan 2022 | ₺2.1t | ₺2.1t | ₺213.2b | 14.7x | 10x | 1x |
| Mon, 29 Nov 2021 | ₺2.0t | ₺2.1t | ₺212.5b | 14.6x | 9.5x | 1x |
| Wed, 27 Oct 2021 | ₺1.7t | ₺1.8t | ₺173.2b | 15.1x | 10x | 0.9x |
| Fri, 24 Sep 2021 | ₺1.6t | ₺1.8t | ₺171.4b | 14.9x | 9.5x | 0.9x |
| Sun, 22 Aug 2021 | ₺1.7t | ₺1.8t | ₺171.2b | 15.1x | 9.7x | 0.9x |
| Fri, 09 Jul 2021 | ₺1.6t | ₺1.8t | ₺170.5b | 14.3x | 9.2x | 0.9x |
Price to Earnings Ratio
11.4x
Current Market PE
- Investors are optimistic on the Turkish market, and appear confident in strong long term growth rates.
- The market is trading at a PE ratio of 9.7x which is higher than its 3-year average PE of 8.7x.
Past Earnings Growth
- The earnings for Turkish listed companies have grown 119% per year over the last three years.
- Revenues for these companies have grown 93% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Sector Trends
Which sectors have driven the changes within the Turkish Market?
| TR Market | 3.34% | |
| Financials | 5.86% | |
| Healthcare | 4.12% | |
| Materials | 3.48% | |
| Telecom | 3.34% | |
| Industrials | 2.69% | |
| Tech | 2.59% | |
| Consumer Discretionary | 2.36% | |
| Consumer Staples | 1.24% | |
| Utilities | 1.11% | |
| Energy | 1.11% | |
| Real Estate | 1.03% | |
Sector PE
- Investors favour the Tech sector the most for future growth, which is trading above its 3-year average PE ratio of 34.2x.
- Analysts are expecting annual earnings growth of 79.2%, which is lower than the prior year's growth of 89.8% per year.
- The Real Estate sector is the least preferred by investors for future growth, which is trading below its 3-year average of 6.5x.
Forecasted Growth
- Analysts are most optimistic on the Real Estate sector, expecting annual earnings growth of 94% over the next 5 years.
- This is better than its past earnings growth rate of 38% per year.
- In contrast, the Utilities sector is expected to see its earnings decline by 37% per year over the next few years.
Top Stock Gainers and Losers
Which companies have driven the market over the last 7 days?
| Company | Last Price | 7D | 1Y | Valuation | Sector | |
|---|---|---|---|---|---|---|
| QNBFB QNB Finansbank | ₺405.75 | 14.3% +₺170.0b | 934.0% | PB16.7x | Financials | |
| KLNMA Türkiye Kalkinma ve Yatirim Bankasi | ₺20.00 | 32.5% +₺27.0b | 86.0% | PE24.9x | Financials | |
| SASA Sasa Polyester Sanayi | ₺46.12 | 11.7% +₺25.8b | 15.9% | PE13.5x | Materials | |
| KCHOL Koç Holding | ₺236.00 | 4.4% +₺25.1b | 171.7% | PE8.3x | Industrials | |
| BIMAS BIM Birlesik Magazalar | ₺419.00 | 8.3% +₺19.1b | 153.2% | PE21.9x | Consumer Staples |
