Akbank TAS

Chart & Performance

D1W1MN

P/E

5.16

P/S

2.55

EPS

12.79

Div Yield, %

2.91%

Shrs. gr., 5y

5.39%

Rev. gr., 5y

46.89%

Revenues

134.71b

+20.52%

Net income

66.50b

+10.78%

CFO

-90.76b

Dividend

Mar 26, 20241.9175 TRY/sh

Earnings

Jan 30, 2025

Profile

Akbank T.A.S., together with its subsidiaries, provides various banking products and services in Turkey and internationally. It operates through: Retail Banking; Commercial Banking, SME Banking, Corporate-Investment and Private Banking; and Treasury segments. The company's retail banking services comprise deposit accounts, retail loans, commercial installment loans, credit cards, insurance products, and asset management services, as well as bank cards, investment funds trading, automatic payment, foreign currency trading, safe deposit box rental, cheques, money transfer, investment banking, and telephone and internet banking. It also offers services to large, medium, and small size corporate and commercial customers that include Turkish Lira (TL) and foreign currency denominated working capital loans financing for investments, foreign trade financing, derivative instruments for hedging purposes of foreign currency and interest risk, letters of credit, foreign currency trading, corporate finance, and deposit and cash management services, as well as project finance loans; and timely and permanent solutions for corporate customers' working capital management, delivering cash management services based on customers' requests that include collection and payment services and liquidity and information management. In addition, the company engages in treasury activities consisting of TL and foreign currency spot and forward transactions, treasury and government bonds, Eurobonds, and private sector bond transactions, as well as derivative trading activities; and marketing and pricing activities related treasury products. Further, it provides financial leasing services, stock exchange brokerage services, and portfolio management, as well as offers payment services and issues electronic money. As of December 31, 2021, the company operated 710 branches. Akbank T.A.S. was founded in 1948 and is headquartered in Istanbul, Turkey.

URL

https://www.akbank.com/

IPO date

Jul 26, 1990

Employees

13,370

Domiciled in

Incorporated in

Valuation

Order:

Title TRY in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title TRY in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	134,711,802 20.52%	111,776,552 182.83%
Cost of revenue	2,678,933	541,532
Unusual Expense (Income)
NOPBT	132,032,869	111,235,020
NOPBT Margin	98.01%	99.52%
Operating Taxes	20,596,029	20,245,101
Tax Rate	15.60%	18.20%
NOPAT	111,436,840	90,989,919
Net income	66,496,235 10.78%	60,025,707 394.97%
Dividends	(8,996,000)	(1,211,600)
Dividend yield	4.74%	1.19%
Proceeds from repurchase of equity
BB yield
Debt
Debt current		120,683,611
Long-term debt	1,325,709	119,312,278
Deferred revenue	178,237,584	990,203,536
Other long-term liabilities		(118,547,863)
Net debt	(568,242,179)	(63,594,754)
Cash flow
Cash from operating activities	(90,761,250)	30,857,462
CAPEX	(7,349,053)	(4,180,268)
Cash from investing activities	(155,554,235)	(42,479,754)
Cash from financing activities	13,586,575	(8,154,097)
FCF	(133,320,712)	303,730,668
Balance
Cash	351,501,549	159,882,201
Long term investments	218,066,339	143,708,442
Excess cash	562,832,298	298,001,815
Stockholders' equity	205,898,094	148,285,257
Invested Capital	1,698,871,394	409,959,601
ROIC	10.57%	19.57%
ROCE	6.93%	19.80%
EV
Common stock shares outstanding	5,200,000	5,200,000
Price	36.52 86.80%	19.55 171.53%
Market cap	189,904,000 86.80%	101,659,995 171.53%
EV	(378,338,179)	38,065,241
EBITDA	134,217,973	112,529,003
EV/EBITDA		0.34
Interest	162,542,255	52,685,992
Interest/NOPBT	123.11%	47.36%