Financials Galata Wind Enerji

Equities

GWIND

TREGWIN00014

Electric Utilities

Market Closed - Borsa Istanbul Other stock markets 08:39:36 09/05/2024 pm IST			5-day change	1st Jan Change
28.76 ^TRY	-1.17%		-1.84%	+32.29%

21/03	Galata Wind Enerji A.S. Reports Earnings Results for the Full Year Ended December 31, 2023	CI
2023	Galata Wind Enerji A.S. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	CI

Valuation

Fiscal Period: December	2022	2023	2024	2025	2026
Capitalization ¹	12,172	11,626	15,530	-	-
Enterprise Value (EV) ¹	12,172	12,299	15,907	16,471	15,530
P/E ratio	1,155 x	-	7.99 x	5.43 x	-
Yield	-	-	3.13%	4.87%	-
Capitalization / Revenue	-	6.25 x	5.23 x	3.74 x	3.24 x
EV / Revenue	-	6.62 x	5.36 x	3.97 x	3.24 x
EV / EBITDA	-	8.75 x	6.86 x	4.92 x	4.17 x
EV / FCF	-	18.5 x	14.6 x	20.8 x	6.22 x
FCF Yield	-	5.39%	6.85%	4.8%	16.1%
Price to Book	-	-	-	-	-
Nbr of stocks (in thousands)	5,40,002	5,34,791	5,40,000	-	-
Reference price ²	22.54	21.74	28.76	28.76	28.76
Announcement Date	21/02/23	21/03/24	-	-	-

¹TRY in Million²TRY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2022	2023	2024	2025	2026
Net sales ¹	-	1,859	2,968	4,148	4,789
EBITDA ¹	-	1,405	2,320	3,348	3,727
EBIT ¹	-	1,473	2,182	3,064	3,475
Operating Margin	-	79.21%	73.51%	73.89%	72.56%
Earnings before Tax (EBT) ¹	-	1,005	2,171	3,093	-
Net income ¹	1,044	623.5	1,949	2,812	-
Net margin	-	33.54%	65.68%	67.8%	-
EPS ²	0.0195	-	3.600	5.300	-
Free Cash Flow ¹	-	663.1	1,090	790	2,495
FCF margin	-	35.67%	36.73%	19.05%	52.1%
FCF Conversion (EBITDA)	-	47.2%	46.97%	23.6%	66.94%
FCF Conversion (Net income)	-	106.35%	55.93%	28.09%	-
Dividend per Share ²	-	-	0.9000	1.400	-
Announcement Date	21/02/23	21/03/24	-	-	-

¹TRY in Million²TRY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2023 Q2
Net sales ¹	253.8
EBITDA ¹	185.1
EBIT	-
Operating Margin	-
Earnings before Tax (EBT)	-
Net income	-
Net margin	-
EPS	-
Dividend per Share	-
Announcement Date	10/08/23

¹TRY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2022	2023	2024	2025	2026
Net Debt ¹	-	673	377	941	-
Net Cash position ¹	-	-	-	-	-
Leverage (Debt/EBITDA)	-	0.4787 x	0.1625 x	0.2811 x	-
Free Cash Flow ¹	-	663	1,090	790	2,495
ROE (net income / shareholders' equity)	-	8.87%	56.5%	55.2%	-
ROA (Net income/ Total Assets)	-	6.81%	39%	40.6%	-
Assets ¹	-	9,156	4,997	6,926	-
Book Value Per Share	-	-	-	-	-
Cash Flow per Share	-	-	-	-	-
Capex ¹	-	1,316	723	1,908	599
Capex / Sales	-	70.79%	24.36%	46%	12.51%
Announcement Date	21/02/23	21/03/24	-	-	-

¹TRY in Million

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Galata Wind Enerji

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

28.76 TRY

Average target price

39.79 TRY

Spread / Average Target

+38.34%

Consensus

EPS Revisions

Estimates Revisions

Annual profits - Rate of surprise

Company calendar

Sector Wind Electric Utilities

	1st Jan change	Capi.
GALATA WIND ENERJI	+32.29%	482M
CHINA THREE GORGES RENEWABLES (GROUP) CO.,LTD.	+7.32%	18.59B
CHINA LONGYUAN POWER GROUP CORPORATION LIMITED	+9.80%	15.43B
CHINA GREEN ELECTRICITY INVESTMENT OF TIANJIN CO., LTD.	-0.62%	2.47B
TERNA ENERGY S.A.	+18.24%	2.38B
BORALEX INC.	-11.76%	2.23B
JIANGSU NEW ENERGY DEVELOPMENT CO., LTD.	+4.73%	1.45B
INNERGEX RENEWABLE ENERGY INC.	-8.49%	1.24B
MOGAN ENERJI YATIRIM HOLDING ANONIM SIRKETI	0.00%	1.22B
ZHONGMIN ENERGY CO., LTD.	+5.72%	1.22B

Wind Electric Utilities