Looks like there`s been an error while trying to load this page.
Our team has been notified but please contact us using the email support widget if the problem persists.
| Metrics | Range | Conclusion |
|---|---|---|
| Adjusted Dividend | ₺1.51 - ₺1.51 | ₺1.51 |
| Adjusted Dividend Yield | 4.3% - 4.3% | 4.3% |
| Perpetuity Growth Rate | 7.2% - 7.8% | 7.5% |
| Discount Rate | 13.1% - 11.1% | 12.1% |
| Fair Value | ₺27.54 - ₺48.34 | ₺35.07 |
| Upside | -21.7% - 37.5% | -0.3% |
| Calculate Adjusted Dividend | ||||||||
| (TRY in millions) | Latest | Notes | ||||||
| Net Income To Common | 2,007 | |||||||
| (-) Cash Dividends Paid | (1,850) | |||||||
| (=) Cash Retained | 157 | 7.8% | ||||||
| Low | Mid | High | ||||||
| Required Retention Ratio | 20.0% | 12.5% | 7.5% | % of net income needed for future growth | ||||
| Adj Net Income | 2,007 | 2,007 | 2,007 | |||||
| (=) Cash Required | 401 | 251 | 151 | |||||
| Cash Retained | 157 | 157 | 157 | |||||
| (-) Cash Required | (401) | (251) | (151) | |||||
| (=) Excess Retained | 0 | 0 | 7 | |||||
| (/) FX Rate Adjustment | 1.00 | 1.00 | 1.00 | |||||
| (=) Excess Retained (TRY) | 0 | 0 | 7 | |||||
| (/) Shares Outstanding | 1,226.3 | 1,226.3 | 1,226.3 | |||||
| (=) Excess Retained per Share | 0.00 | 0.00 | 0.01 | |||||
| Low | Mid | High | ||||||
| LTM Dividend per Share | 1.51 | 1.51 | 1.51 | |||||
| (+) Excess Retained per Share | 0.00 | 0.00 | 0.01 | |||||
| Adjusted Dividend | 1.51 | 1.51 | 1.51 | |||||
| Sensitivity Analysis | ||||||||
| Adjusted Dividend | 1.51 | |||||||
| Cost of Equity | ||||||||
| Growth Rate | 11.1% | 11.6% | 12.1% | 12.6% | 13.1% | |||
| 5.5% | 28.29 | 25.99 | 24.02 | 22.34 | 20.87 | |||
| 6.5% | 34.74 | 31.35 | 28.56 | 26.23 | 24.25 | |||
| 7.5% | 44.74 | 39.32 | 35.07 | 31.64 | 28.83 | |||
| 8.5% | 62.36 | 52.38 | 45.15 | 39.68 | 35.39 | |||
| 9.5% | 101.66 | 77.74 | 62.93 | 52.86 | 45.57 | |||