Turkiye Garanti Bankasi AS

Chart & Performance

D1W1MN

P/E

6.08

P/S

1.57

EPS

20.57

Div Yield, %

58.78%

Shrs. gr., 5y

—

Rev. gr., 5y

63.81%

Revenues

160.16b

+20.41%

Net income

86.37b

+48.19%

CFO

91.43b

+99.78%

Dividend

Mar 28, 20240.097 USD/sh

Earnings

Jan 27, 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	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12	2014‑12
Income
Revenues	160,158,836 20.41%	133,006,818 116.01%	61,573,200 57.10%
Cost of revenue	(172,566,883)	472,760	271,046
Unusual Expense (Income)
NOPBT	332,725,719	132,534,058	61,302,154
NOPBT Margin	207.75%	99.64%	99.56%
Operating Taxes	20,154,005	18,477,446	4,822,933
Tax Rate	6.06%	13.94%	7.87%
NOPAT	312,571,714	114,056,612	56,479,221
Net income	86,374,997 48.19%	58,285,378 332.81%	13,466,741 113.59%
Dividends	(8,776,374)	(1,307,331)	(623,800)
Dividend yield	3.58%	1.04%	1.32%
Proceeds from repurchase of equity
BB yield
Debt
Debt current		73,291,996	52,772,800
Long-term debt	1,625,873	105,501,887	97,970,573
Deferred revenue		(197,828)	317,515
Other long-term liabilities	922,224,743	(67,023,826)	(721,940)
Net debt	(733,355,547)	(241,184,033)	(187,683,073)
Cash flow
Cash from operating activities	91,427,840	45,764,484	32,305,124
CAPEX	(5,114,979)	(2,129,907)	(1,286,282)
Cash from investing activities	(81,762,372)	(55,251,240)	(12,405,969)
Cash from financing activities	10,446,228	25,669,509	29,338,020
FCF	548,732,093	83,823,767	45,940,608
Balance
Cash	387,282,783	198,965,395	216,797,764
Long term investments	347,698,637	221,012,521	121,628,682
Excess cash	726,973,478	413,327,575	335,347,786
Stockholders' equity	245,609,638	153,112,240	29,064,264
Invested Capital	957,895,781	1,178,064,810	848,314,066
ROIC	29.27%	11.26%	8.12%
ROCE	27.65%	9.95%	6.98%
EV
Common stock shares outstanding	4,200,000	4,200,000	4,200,000
Price	58.35 94.24%	30.04 166.55%	11.27 11.03%
Market cap	245,070,000 94.24%	126,168,004 166.55%	47,334,000 11.03%
EV	(487,365,220)	(114,531,294)	(140,029,557)
EBITDA	334,971,412	133,775,836	62,264,866
EV/EBITDA
Interest	147,200,186	44,708,341	24,128,432
Interest/NOPBT	44.24%	33.73%	39.36%