Financials Haci Ömer Sabanci Holding

Equities

SAHOL

TRASAHOL91Q5

Investment Holding Companies

Market Closed - Borsa Istanbul Other stock markets 08:39:00 26/04/2024 pm IST			5-day change	1st Jan Change
91.3 ^TRY	+2.53%		+3.40%	+51.03%

03/04	Transcript : Haci Ömer Sabanci Holding A.S., Q4 2023 Earnings Call, Apr 03, 2024
02/04	Haci Ömer Sabanci Holding A.S. Reports Earnings Results for the Full Year Ended December 31, 2023	CI

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Capitalization ¹	19,465	23,383	26,995	91,981	1,23,342	1,86,289	-
Enterprise Value (EV) ¹	19,465	23,383	26,995	91,981	1,23,342	1,86,289	1,86,289
P/E ratio	5.16 x	4.9 x	2.24 x	2.1 x	8 x	3.12 x	2.08 x
Yield	3.14%	2.88%	2.65%	1.66%	-	3.38%	4.55%
Capitalization / Revenue	0.33 x	0.39 x	0.31 x	0.39 x	0.9 x	0.3 x	0.2 x
EV / Revenue	0.33 x	0.39 x	0.31 x	0.39 x	0.9 x	0.3 x	0.2 x
EV / EBITDA	17,95,461 x	19,62,230 x	10,93,224 x	9,27,838 x	-	-	-
EV / FCF	-	-	-	-	-	-	-
FCF Yield	-	-	-	-	-	-	-
Price to Book	0.59 x	0.62 x	0.52 x	-	-	0.74 x	0.49 x
Nbr of stocks (in thousands)	20,40,404	20,40,404	20,40,404	20,40,404	20,40,404	20,40,404	-
Reference price ²	9.540	11.46	13.23	45.08	60.45	91.30	91.30
Announcement Date	25/02/20	24/02/21	24/02/22	01/03/23	16/04/24	-	-

¹TRY in Million²TRY

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net sales ¹	59,867	59,354	88,192	2,34,479	1,37,009	6,20,663	9,54,773
EBITDA	10,841	11,917	24,693	99,135	-	-	-
EBIT ¹	9,438	10,274	27,193	1,04,525	1,24,424	1,46,702	2,08,162
Operating Margin	15.77%	17.31%	30.83%	44.58%	90.81%	23.64%	21.8%
Earnings before Tax (EBT) ¹	8,544	-	-	1,02,751	47,953	1,45,114	-
Net income ¹	3,780	4,768	12,032	43,828	15,427	57,326	84,969
Net margin	6.31%	8.03%	13.64%	18.69%	11.26%	9.24%	8.9%
EPS ²	1.850	2.340	5.900	21.48	7.560	29.30	43.95
Free Cash Flow	-	-	-	-	-	-	-
FCF margin	-	-	-	-	-	-	-
FCF Conversion (EBITDA)	-	-	-	-	-	-	-
FCF Conversion (Net income)	-	-	-	-	-	-	-
Dividend per Share ²	0.3000	0.3300	0.3500	0.7500	-	3.087	4.152
Announcement Date	25/02/20	24/02/21	24/02/22	01/03/23	16/04/24	-	-

¹TRY in Million²TRY

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3
Net sales	23,370	29,222	38,440	51,271	64,715	-	-	88,504	-
EBITDA	7,579	11,211	-	-	-	-	-	34,955	-
EBIT	6,939	11,865	-	-	-	-	-	33,699	-
Operating Margin	29.69%	40.6%	-	-	-	-	-	38.08%	-
Earnings before Tax (EBT)	-	-	-	-	-	-	-	-	-
Net income ¹	3,392	5,175	8,251	8,091	10,873	16,613	6,087	13,313	17,274
Net margin	14.52%	17.71%	21.46%	15.78%	16.8%	-	-	15.04%	-
EPS	1.660	2.540	-	-	-	-	-	6.530	-
Dividend per Share	-	-	-	-	-	-	-	-	-
Announcement Date	04/11/21	24/02/22	10/05/22	11/08/22	03/11/22	01/03/23	08/05/23	09/08/23	08/11/23

¹TRY in Million

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025
Net Debt	-	-	-	-	-	-	-
Net Cash position	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-
Free Cash Flow	-	-	-	-	-	-	-
ROE (net income / shareholders' equity)	12.1%	13.4%	26.9%	57.6%	-	35.8%	30%
ROA (Net income/ Total Assets)	0.97%	1.05%	1.82%	4.24%	-	3.42%	3.45%
Assets ¹	3,89,022	4,53,795	6,60,524	10,32,836	-	16,77,436	24,65,730
Book Value Per Share ²	16.30	18.60	25.20	-	-	124.0	186.0
Cash Flow per Share	-	-	-	-	-	-	-
Capex	-	-	-	-	-	-	-
Capex / Sales	-	-	-	-	-	-	-
Announcement Date	25/02/20	24/02/21	24/02/22	01/03/23	16/04/24	-	-

¹TRY in Million²TRY

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Haci Ömer Sabanci Holding

Trading Rating

Investor Rating

ESG Refinitiv

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

91.3 TRY

Average target price

111.6 TRY

Spread / Average Target

+22.27%

Consensus

EPS Revisions

Estimates Revisions

Quarterly revenue - Rate of surprise

Company calendar

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