Company Valuation: Ayen Enerji

Fiscal Period: December 2018 2019 2020 2021 2022 2023
Capitalization 1 401.9 962.9 1,501 2,023 10,995 6,699
Change - 139.56% 55.91% 34.75% 443.48% -39.07%
Enterprise Value (EV) 1 2,256 2,725 3,728 5,259 12,894 11,683
Change - 20.82% 36.79% 41.07% 145.2% -9.39%
P/E ratio -8.09x 34.2x -16.4x 18.1x 6.9x 5.97x
PBR 0.84x 1.4x 1.9x 1.23x 2.72x 0.69x
PEG - -0x 0x -0x 0x -0.2x
Capitalization / Revenue 0.52x 1.88x 2.64x 1.28x 1.62x 1.27x
EV / Revenue 2.9x 5.31x 6.56x 3.34x 1.9x 2.21x
EV / EBITDA 10.4x 10.6x 14.5x 8.47x 5.57x 8.78x
EV / EBIT 14.8x 14.8x 21.8x 10.5x 6.04x 14.1x
EV / FCF 75.3x 248x -3,067x 59.1x 8x -16.8x
FCF Yield 1.33% 0.4% -0.03% 1.69% 12.5% -5.95%
Dividend per Share 2 - - - 0.1132 0.9811 -
Rate of return - - - 1.55% 2.48% -
EPS 2 -0.2904 0.1014 -0.3298 0.4024 5.741 4.044
Distribution rate - - - 28.1% 17.1% -
Net sales 1 778.2 513.1 568 1,575 6,790 5,286
EBITDA 1 217.3 256.3 256.9 620.5 2,317 1,331
EBIT 1 152.6 184.6 170.8 502.5 2,135 828.8
Net income 1 -49.67 21.04 -91.52 111.7 1,593 1,122
Net Debt 1 1,854 1,762 2,227 3,236 1,900 4,984
Reference price 2 2.35 3.47 5.41 7.29 39.62 24.14
Nbr of stocks (in thousands) 1,71,042 2,77,500 2,77,500 2,77,500 2,77,500 2,77,500
Announcement Date 11/03/19 10/03/20 01/03/21 11/03/22 13/03/23 20/05/24
1TRY in Million2TRY
Estimates

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P/E ratio EV / Sales EV / EBITDA Yield (Y) Capi. ($)
20.2x11.15x14.01x+3.41%9.81TCr
14.75x3.36x6.45x+2.68%1.73TCr
-27.22x5.92x14.98x+5.38%1.28TCr
16.61x63.84x16.2x+2.45%1.2TCr
23.91x10.75x19.39x+1.89%1.11TCr
42.12x3.03x16.85x+3.81%984.69Cr
16.9x - - - 693.71Cr
26.32x - - +1.56%404.72Cr
Average 16.70x 16.34x 14.65x +3.03% 2.15TCr
Weighted average by Cap. 17.39x 13.30x 13.98x +3.29%
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Year-on-year evolution of the PER

Historical PBR trend

Evolution Enterprise Value / Sales

Change in Enterprise Value/EBITDA