Turkish (BIST) Financials Sector Analysis
UpdatedMay 19, 2024
DataAggregated Company Financials
Companies70
- 7D2.2%
- 3M36.9%
- 1Y322.2%
- YTD46.5%
In the last week, the Financials industry is up 2.2%, with Türkiye Is Bankasi leading the way, up 9.5%. In the last 12 months, the industry was up 322%. Looking forward, earnings are forecast to grow by 30% annually.
Sector Valuation and Performance
Has the Turkish Financials Sector valuation changed over the past few years?
| Date | Market Cap | Revenue | Earnings | PE | Absolute PE | PS |
|---|---|---|---|---|---|---|
| Sun, 19 May 2024 | ₺4.2t | ₺2.0t | ₺484.9b | 9.3x | 8.7x | 2.1x |
| Tue, 16 Apr 2024 | ₺3.5t | ₺2.0t | ₺461.8b | 8.3x | 7.5x | 1.8x |
| Thu, 14 Mar 2024 | ₺3.2t | ₺1.8t | ₺520.5b | 7x | 6.1x | 1.8x |
| Sat, 10 Feb 2024 | ₺2.9t | ₺1.7t | ₺517.6b | 6.9x | 5.6x | 1.7x |
| Mon, 08 Jan 2024 | ₺2.8t | ₺1.7t | ₺508.7b | 5.7x | 5.6x | 1.7x |
| Wed, 06 Dec 2023 | ₺2.7t | ₺1.7t | ₺505.1b | 6.2x | 5.3x | 1.6x |
| Fri, 03 Nov 2023 | ₺3.1t | ₺1.6t | ₺479.4b | 6.6x | 6.4x | 1.9x |
| Sun, 01 Oct 2023 | ₺3.1t | ₺1.5t | ₺436.4b | 8.8x | 7.2x | 2.1x |
| Tue, 29 Aug 2023 | ₺1.9t | ₺1.5t | ₺436.4b | 7.9x | 4.5x | 1.3x |
| Thu, 27 Jul 2023 | ₺1.4t | ₺1.4t | ₺403.6b | 7.5x | 3.4x | 1x |
| Sat, 24 Jun 2023 | ₺1.2t | ₺1.3t | ₺403.3b | 5.3x | 2.9x | 0.9x |
| Mon, 22 May 2023 | ₺958.3b | ₺1.3t | ₺403.2b | 4.6x | 2.4x | 0.7x |
| Wed, 19 Apr 2023 | ₺1.0t | ₺1.2t | ₺380.6b | 5x | 2.7x | 0.9x |
| Fri, 17 Mar 2023 | ₺1.0t | ₺1.2t | ₺380.5b | 5.7x | 2.7x | 0.9x |
| Sun, 12 Feb 2023 | ₺805.4b | ₺1.1t | ₺349.7b | 5.4x | 2.3x | 0.7x |
| Tue, 10 Jan 2023 | ₺1.0t | ₺965.8b | ₺273.2b | 8.7x | 3.8x | 1.1x |
| Thu, 08 Dec 2022 | ₺980.7b | ₺963.8b | ₺272.9b | 9.2x | 3.6x | 1x |
| Sat, 05 Nov 2022 | ₺851.7b | ₺880.0b | ₺242.6b | 7.9x | 3.5x | 1x |
| Mon, 03 Oct 2022 | ₺676.2b | ₺749.4b | ₺193.5b | 7.8x | 3.5x | 0.9x |
| Wed, 31 Aug 2022 | ₺716.2b | ₺746.9b | ₺193.5b | 7.6x | 3.7x | 1x |
| Fri, 29 Jul 2022 | ₺530.7b | ₺599.2b | ₺127.0b | 9x | 4.2x | 0.9x |
| Sun, 26 Jun 2022 | ₺513.7b | ₺599.2b | ₺127.0b | 8.6x | 4x | 0.9x |
| Tue, 24 May 2022 | ₺493.1b | ₺599.7b | ₺127.0b | 8.5x | 3.9x | 0.8x |
| Thu, 21 Apr 2022 | ₺541.3b | ₺506.3b | ₺91.0b | 10.9x | 5.9x | 1.1x |
| Sat, 19 Mar 2022 | ₺451.6b | ₺506.1b | ₺89.3b | 9.6x | 5.1x | 0.9x |
| Mon, 14 Feb 2022 | ₺473.3b | ₺484.4b | ₺78.7b | 11.2x | 6x | 1x |
| Wed, 12 Jan 2022 | ₺479.6b | ₺419.0b | ₺65.3b | 11.9x | 7.3x | 1.1x |
| Fri, 10 Dec 2021 | ₺515.7b | ₺419.0b | ₺65.3b | 12.5x | 7.9x | 1.2x |
| Sun, 07 Nov 2021 | ₺422.7b | ₺407.5b | ₺64.6b | 12.7x | 6.5x | 1x |
| Tue, 05 Oct 2021 | ₺390.3b | ₺391.5b | ₺54.9b | 11.7x | 7.1x | 1x |
| Thu, 02 Sep 2021 | ₺422.3b | ₺391.5b | ₺54.8b | 10.4x | 7.7x | 1.1x |
| Sat, 31 Jul 2021 | ₺405.2b | ₺391.5b | ₺54.8b | 10.7x | 7.4x | 1x |
Price to Earnings Ratio
7.7x
Current Industry PE
- Investors are optimistic on the Turkish Financials industry, and appear confident in long term growth rates.
- The industry is trading at a PE ratio of 8.7x which is higher than its 3-year average PE of 5.4x.
- The 3-year average PS ratio of 1.2x is lower than the industry's current PS ratio of 2.1x.
Past Earnings Growth
- The earnings for companies in the Financials industry have grown 110% per year over the last three years.
- Revenues for these companies have grown 83% per year.
- This means that more sales are being generated by these companies overall, and subsequently their profits are increasing too.
Industry Trends
Which industries have driven the changes within the Turkish Financials sector?
| TR Market | 1.88% | |
| Financials | 2.24% | |
| Insurance | 6.57% | |
| Banks | 2.96% | |
| Capital Markets | 1.89% | |
| Mortgage Finance | 0% | |
| Mortgage REITs | 0% | |
| Diversified Financial | -3.36% | |
| Consumer Finance | -39.63% | |
Industry PE
- Investors are most optimistic about the Diversified Financial industry, which is trading close to its 3-year average PE ratio of 15.6x.
- Analysts are expecting annual earnings growth of 28.5%, which is lower than the prior year's growth of 110.6% per year.
- Investors are most pessimistic about the Banks industry, although it looks like investor sentiment has improved given that it's trading above its 3-year average of 4.9x.
Forecasted Growth
- Analysts are most optimistic on the Banks industry, expecting annual earnings growth of 30% over the next 5 years.
- This is better than its past earnings growth rate of 13% per year.
- In contrast, the Diversified Financial industry is expected to see its earnings grow by 29% 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 | |
|---|---|---|---|---|---|
| ISCTR Türkiye Is Bankasi | ₺14.80 | 9.5% +₺32.3b | 243.2% | PB1.3x | |
| GARAN Turkiye Garanti Bankasi | ₺94.15 | 8.8% +₺32.1b | 276.6% | PB1.5x | |
| AKBNK Akbank T.A.S | ₺62.90 | 8.8% +₺26.5b | 319.9% | PB1.5x | |
| YKBNK Yapi ve Kredi Bankasi | ₺33.90 | 9.3% +₺24.3b | 272.5% | PB1.6x | |
| SAHOL Haci Ömer Sabanci Holding | ₺102.30 | 5.8% +₺11.8b | 175.4% | PB1x |