Turkiye Garanti Bankasi AS

Chart & Performance

D1W1MN

P/E

5.53

P/S

1.76

EPS

21.72

Div Yield, %

3.06%

Shrs. gr., 5y

—

Rev. gr., 5y

56.27%

Revenues

287.17b

+79.30%

Net income

91.24b

+5.64%

CFO

-145.82b

Dividend

Mar 28, 20240.097 USD/sh

Earnings

Apr 28, 2025

Profile

Turkiye Garanti Bankasi A.S. provides various banking products and services. It offers current, savings, time and term deposit, ELMA, structured deposit, and gold accounts; and general purpose, auto, revolving, house, discount, SME project, installment, working capital, foreign currency, mortgage, and other loans, as well as spot TL and foreign currency, letters of guarantee and reference, and overdraft accounts. The company also provides various cards; and auto, liability, health, unemployment, life, house, individual accident, automobile, business premises, fire, freight, engineering, accident, loan, and agriculture insurance products, as well as pension products. In addition, it offers mutual funds, T-bills/government bonds, Eurobonds, repos, equities, dual currency deposit transactions, Turkish derivatives exchange, e-trader, forward transactions, and taxation services; cash management services; and SME specific products, such as support packages, foreign trade financing and legislation, and related services. Further, the company provides leasing, fleet management, factoring, investment and private banking, payment, safety box, and Internet and mobile/SMS banking services. As of December 31, 2021, the company operated 872 branches and 5,401 ATMs. Turkiye Garanti Bankasi A.S. was founded in 1946 and is headquartered in Istanbul, Turkey. As of May 18, 2022, Turkiye Garanti Bankasi A.S. operates as a subsidiary of Banco Bilbao Vizcaya Argentaria, S.A.

URL

https://www.garantibbva.com.tr

IPO date

Jun 06, 1990

Employees

18,733

Domiciled in

Incorporated in

Valuation

Order:

Title TRY in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title TRY in thousands, except ratios and share amounts	2024‑12	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	287,168,372 79.30%	160,158,836 20.41%	133,006,818 116.01%
Cost of revenue	3,701,005	(172,566,883)	472,760
Unusual Expense (Income)
NOPBT	283,467,367	332,725,719	132,534,058
NOPBT Margin	98.71%	207.75%	99.64%
Operating Taxes	31,749,279	20,154,005	18,477,446
Tax Rate	11.20%	6.06%	13.94%
NOPAT	251,718,088	312,571,714	114,056,612
Net income	91,243,136 5.64%	86,374,997 48.19%	58,285,378 332.81%
Dividends	(13,341,145)	(8,776,374)	(1,307,331)
Dividend yield	2.55%	3.58%	1.04%
Proceeds from repurchase of equity
BB yield
Debt
Debt current			73,291,996
Long-term debt		1,625,873	105,501,887
Deferred revenue			(197,828)
Other long-term liabilities		922,224,743	(67,023,826)
Net debt	(906,297,407)	(733,355,547)	(241,184,033)
Cash flow
Cash from operating activities	(145,823,078)	91,427,840	45,764,484
CAPEX	(9,430,328)	(5,114,979)	(2,129,907)
Cash from investing activities	(46,847,283)	(81,762,372)	(55,251,240)
Cash from financing activities	95,266,633	10,446,228	25,669,509
FCF	32,013,320	548,732,093	83,823,767
Balance
Cash	591,842,159	387,282,783	198,965,395
Long term investments	314,455,248	347,698,637	221,012,521
Excess cash	891,938,988	726,973,478	413,327,575
Stockholders' equity	97,099,599	245,609,638	153,112,240
Invested Capital	2,905,479,780	957,895,781	1,178,064,810
ROIC	13.03%	29.27%	11.26%
ROCE	9.44%	27.65%	9.95%
EV
Common stock shares outstanding	4,200,000	4,200,000	4,200,000
Price	124.40 113.20%	58.35 94.24%	30.04 166.55%
Market cap	522,480,000 113.20%	245,070,000 94.24%	126,168,004 166.55%
EV	(382,197,238)	(487,365,220)	(114,531,294)
EBITDA	283,467,367	334,971,412	133,775,836
EV/EBITDA
Interest	414,500,152	147,200,186	44,708,341
Interest/NOPBT	146.22%	44.24%	33.73%