Aygaz A.S. Logo

Aygaz A.S.

AYGAZ.IS

(2.8)
Stock Price

147,00 TRY

26.33% ROA

36.57% ROE

5.21x PER

Market Cap.

29.870.955.900,00 TRY

22.66% DER

0.74% Yield

9.18% NPM

Aygaz A.S. Stock Analysis

Aygaz A.S. Fundamental Analysis

Fundamental analysis in stock investing is like studying the foundation of a house before buying it. It involves looking at a company's financial health, like its earnings, assets, and debts, to determine if it's a good investment based on its fundamental strength and potential for growth.

Aygaz A.S. Fundamental Stock Analysis
# Analysis Rating
1 ROE

The stock's ROE exceeds expectations (64.52%), revealing strong profitability and efficient use of shareholders' equity, making it an attractive investment opportunity.

2 ROA

The stock's ability to make a lot of money from its assets shows that it is very profitable, making it a good choice for people who want to invest and make a lot of money.

3 DER

The stock has a low debt to equity ratio (29%), which means it has a small amount of debt compared to the ownership it holds

4 Assets Growth

This company's revenue has experienced steady growth over the last five years, indicating a reliable and prosperous financial trajectory.

5 Dividend

Investors can take comfort in the company's unwavering commitment to dividends, as it has consistently distributed payouts over the past five years, ensuring a reliable income stream.

6 Graham Number

The company's Graham number suggests that its stock price is underestimated, implying that it may present a compelling investment opportunity.

7 PBV

The stock's elevated P/BV ratio (3.16x) raises concerns about its overvaluation, making it an imprudent choice for investors seeking value.

8 Revenue Growth

Regrettably, this company's revenue has shown no signs of growth over the past three years, suggesting limited potential for returns and making it a less appealing choice.

9 Net Profit Growth

This company's net profit has remained flat over the past five years, suggesting a lack of growth and making it a less attractive investment opportunity.

10 Dividend Growth

Investors should note the company's stagnant dividend growth over the past three years, indicating limited profitability and potentially diminishing returns.

11 Buffet Intrinsic Value

The company's stock presents a potential concern as it appears overvalued (-5.449) by Warren Buffett's formula, indicating that its market price exceeds its estimated intrinsic value.

Aygaz A.S. Technical Analysis

Technical analysis in stock investing is like reading the patterns on a weather map to predict future weather conditions. It involves studying past stock price movements and trading volumes to make predictions about where a stock's price might go next, without necessarily looking at the company's financial health.

Aygaz A.S. Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Sell
2 MACD Buy
3 RSI Hold
4 Stoch RSI Hold

Aygaz A.S. Price Chart

Financial Statements

Financial statements are like report cards for companies. They show how much money a company makes (income statement), what it owns and owes (balance sheet), and where it spends its money (cash flow statement), helping stock investors understand if a company is healthy and worth investing in.

Income Statements

An income statement for a company is like a scoreboard for its profits and losses. It shows how much money the company made (revenue) and how much it spent to make that money (expenses), helping stock investors see if a company is making a profit or not.

Revenue in stock investing is the total amount of money a company earns from its sales, and it's a key factor that investors consider to assess a company's financial performance and growth potential.

Aygaz A.S. Revenue
Year Revenue Growth
2002 1.621.572.891
2003 2.889.195.314 43.87%
2004 3.785.296.970 23.67%
2005 4.180.372.388 9.45%
2006 2.594.312.106 -61.14%
2007 3.190.189.340 18.68%
2008 3.579.293.435 10.87%
2009 3.786.758.483 5.48%
2010 4.657.688.000 18.7%
2011 5.455.670.000 14.63%
2012 5.586.059.000 2.33%
2013 6.004.984.000 6.98%
2014 7.061.276.000 14.96%
2015 6.419.610.000 -10%
2016 6.748.761.000 4.88%
2017 8.469.276.000 20.31%
2018 9.554.441.000 11.36%
2019 10.211.013.000 6.43%
2020 10.144.743.000 -0.65%
2021 15.893.254.000 36.17%
2022 37.506.944.000 57.63%
2023 57.118.448.000 34.33%

Research and Development Expenses are the costs a company incurs to create and improve its products or services, which can be important for investors to evaluate a company's innovation and potential for future growth.

Aygaz A.S. Research and Development Expenses
Year Research and Development Expenses Growth
2002 0
2003 0 0%
2004 0 0%
2005 0 0%
2006 2.174.151 100%
2007 1.460.720 -48.84%
2008 1.086.790 -34.41%
2009 1.553.868 30.06%
2010 1.806.000 13.96%
2011 1.948.000 7.29%
2012 2.521.000 22.73%
2013 2.984.000 15.52%
2014 2.629.000 -13.5%
2015 2.481.000 -5.97%
2016 4.585.000 45.89%
2017 3.652.000 -25.55%
2018 3.431.000 -6.44%
2019 2.894.000 -18.56%
2020 3.342.000 13.41%
2021 7.274.000 54.06%
2022 9.676.000 24.82%
2023 25.476.000 62.02%

General and Administrative Expenses are the costs a company incurs to run its day-to-day operations, such as office rent, salaries, and utilities, which investors consider to understand a company's overall efficiency and management effectiveness.

Aygaz A.S. General and Administrative Expenses
Year General and Administrative Expenses Growth
2002 0
2003 0 0%
2004 0 0%
2005 0 0%
2006 87.416.069 100%
2007 -6.463.000 1452.56%
2008 105.743.231 106.11%
2009 127.366.766 16.98%
2010 128.180.000 0.63%
2011 131.345.000 2.41%
2012 44.779.000 -193.32%
2013 54.088.000 17.21%
2014 58.884.000 8.14%
2015 61.157.000 3.72%
2016 69.520.000 12.03%
2017 71.182.000 2.33%
2018 64.452.000 -10.44%
2019 79.597.000 19.03%
2020 81.669.000 2.54%
2021 97.751.000 16.45%
2022 183.419.000 46.71%
2023 1.654.136.000 88.91%

EBITDA stands for Earnings Before Interest, Taxes, Depreciation, and Amortization. It is a measure that helps stock investors analyze a company's profitability by looking at its earnings without considering certain expenses. This helps to get a clearer picture of the company's financial performance and its ability to generate cash flow.

Aygaz A.S. EBITDA
Year EBITDA Growth
2002 140.515.865
2003 135.796.262 -3.48%
2004 130.600.245 -3.98%
2005 232.514.184 43.83%
2006 248.584.059 6.46%
2007 539.191.910 53.9%
2008 311.781.519 -72.94%
2009 527.852.776 40.93%
2010 471.347.000 -11.99%
2011 620.907.000 24.09%
2012 416.598.000 -49.04%
2013 325.805.000 -27.87%
2014 334.319.000 2.55%
2015 594.447.000 43.76%
2016 595.909.000 0.25%
2017 779.064.000 23.51%
2018 503.412.000 -54.76%
2019 691.184.000 27.17%
2020 337.879.000 -104.57%
2021 1.179.831.000 71.36%
2022 5.459.108.000 78.39%
2023 12.140.088.000 55.03%

Gross profit is the money a company makes from selling its products or services after subtracting the cost of producing or providing them, and it is an important measure for investors to understand a company's profitability.

Aygaz A.S. Gross Profit
Year Gross Profit Growth
2002 189.474.230
2003 219.629.497 13.73%
2004 304.311.951 27.83%
2005 369.479.291 17.64%
2006 386.869.532 4.5%
2007 405.609.680 4.62%
2008 476.111.690 14.81%
2009 553.398.369 13.97%
2010 501.415.000 -10.37%
2011 477.574.000 -4.99%
2012 520.333.000 8.22%
2013 571.344.000 8.93%
2014 527.342.000 -8.34%
2015 676.552.000 22.05%
2016 786.546.000 13.98%
2017 741.137.000 -6.13%
2018 634.348.000 -16.83%
2019 956.888.000 33.71%
2020 911.708.000 -4.96%
2021 1.438.137.000 36.6%
2022 2.222.880.000 35.3%
2023 6.156.112.000 63.89%

Net income in stock investing is like the money a company actually gets to keep as profit after paying all its bills, and it's an important measure to understand how well a company is doing financially.

Aygaz A.S. Net Profit
Year Net Profit Growth
2002 46.852.421
2003 120.549.743 61.13%
2004 61.177.465 -97.05%
2005 90.297.716 32.25%
2006 357.069.811 74.71%
2007 439.527.090 18.76%
2008 41.850.071 -950.24%
2009 326.526.585 87.18%
2010 240.157.000 -35.96%
2011 378.156.000 36.49%
2012 303.487.000 -24.6%
2013 205.253.000 -47.86%
2014 217.958.000 5.83%
2015 418.375.000 47.9%
2016 415.670.000 -0.65%
2017 577.019.000 27.96%
2018 228.383.000 -152.65%
2019 273.477.000 16.49%
2020 -24.889.000 1198.79%
2021 670.105.000 103.71%
2022 4.733.385.000 85.84%
2023 9.687.828.000 51.14%

EPS, or earnings per share, is a measure that shows how much profit a company has earned for each outstanding share of its stock, and it is important for stock investors as it helps understand the profitability of a company and compare it with other companies in the market.

Aygaz A.S. Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2002 0
2003 1 0%
2004 0 0%
2005 0 0%
2006 2 100%
2007 1 0%
2008 0 0%
2009 1 100%
2010 1 0%
2011 1 100%
2012 1 0%
2013 1 0%
2014 1 0%
2015 1 100%
2016 1 0%
2017 2 0%
2018 1 0%
2019 1 0%
2020 0 0%
2021 2 100%
2022 17 88.24%
2023 44 61.36%

Cashflow Statements

Cashflow statements show the movement of money in and out of a company, helping stock investors understand how much money a company makes and spends. By examining cashflow statements, investors can assess if a company is generating enough cash to pay its bills, invest in growth, and provide returns to stockholders.

Free cash flow is the leftover cash that a company generates after covering its operating expenses and capital expenditures, which is important for stock investors as it shows how much money a company has available to invest in growth, pay dividends, or reduce debt.

Aygaz A.S. Free Cashflow
Year Free Cashflow Growth
2002 -87.564.102
2003 -61.829.935 -41.62%
2004 33.229.043 286.07%
2005 -17.818.491 286.49%
2006 -48.047.742 62.92%
2007 204.948.790 123.44%
2008 302.096.339 32.16%
2009 -21.357.095 1514.5%
2010 301.240.000 107.09%
2011 -103.225.000 391.83%
2012 65.511.000 257.57%
2013 158.597.000 58.69%
2014 203.307.000 21.99%
2015 88.902.000 -128.69%
2016 483.480.000 81.61%
2017 139.554.000 -246.45%
2018 125.604.000 -11.11%
2019 449.635.000 72.07%
2020 187.919.000 -139.27%
2021 33.436.000 -462.03%
2022 -547.661.000 106.11%
2023 1.018.788.000 153.76%

Operating cash flow represents the cash generated or consumed by a company's day-to-day operations, excluding external investing or financing activities, and is crucial for stock investors as it shows how much cash a company is generating from its core business operations.

Aygaz A.S. Operating Cashflow
Year Operating Cashflow Growth
2002 -19.301.139
2003 16.787.201 214.98%
2004 40.933.859 58.99%
2005 136.654.721 70.05%
2006 118.563.110 -15.26%
2007 292.047.170 59.4%
2008 376.523.783 22.44%
2009 107.209.197 -251.2%
2010 388.443.000 72.4%
2011 98.946.000 -292.58%
2012 162.613.000 39.15%
2013 235.081.000 30.83%
2014 284.633.000 17.41%
2015 244.524.000 -16.4%
2016 582.379.000 58.01%
2017 251.238.000 -131.8%
2018 233.275.000 -7.7%
2019 577.709.000 59.62%
2020 277.596.000 -108.11%
2021 235.007.000 -18.12%
2022 -149.120.000 257.6%
2023 1.177.739.000 112.66%

Capex, short for capital expenditures, refers to the money a company spends on acquiring or upgrading tangible assets like buildings, equipment, or technology, which is important for stock investors as it indicates how much a company is investing in its infrastructure to support future growth and profitability.

Aygaz A.S. Capital Expenditure
Year Capital Expenditure Growth
2002 68.262.963
2003 78.617.136 13.17%
2004 7.704.816 -920.36%
2005 154.473.212 95.01%
2006 166.610.852 7.29%
2007 87.098.380 -91.29%
2008 74.427.444 -17.02%
2009 128.566.292 42.11%
2010 87.203.000 -47.43%
2011 202.171.000 56.87%
2012 97.102.000 -108.2%
2013 76.484.000 -26.96%
2014 81.326.000 5.95%
2015 155.622.000 47.74%
2016 98.899.000 -57.35%
2017 111.684.000 11.45%
2018 107.671.000 -3.73%
2019 128.074.000 15.93%
2020 89.677.000 -42.82%
2021 201.571.000 55.51%
2022 398.541.000 49.42%
2023 158.951.000 -150.73%

Balance Sheet

Balance sheets provide a snapshot of a company's financial health and its assets (such as cash, inventory, and property) and liabilities (like debts and obligations) at a specific point in time. For stock investors, balance sheets help assess the company's overall worth and evaluate its ability to meet financial obligations and support future growth.

Equity refers to the ownership interest or stake that shareholders have in a company, representing their claim on its assets and earnings after all debts and liabilities are paid.

Aygaz A.S. Equity
Year Equity Growth
2002 540.314.811
2003 653.984.973 17.38%
2004 773.478.461 15.45%
2005 898.000.129 13.87%
2006 1.305.785.532 31.23%
2007 1.418.022.380 7.92%
2008 1.326.507.733 -6.9%
2009 1.714.128.440 22.61%
2010 1.978.042.000 13.34%
2011 2.154.179.000 8.18%
2012 2.380.012.000 9.49%
2013 2.242.971.000 -6.11%
2014 2.358.520.000 4.9%
2015 2.610.148.000 9.64%
2016 2.740.463.000 4.76%
2017 2.923.063.000 6.25%
2018 2.502.410.000 -16.81%
2019 2.478.083.000 -0.98%
2020 2.317.403.000 -6.93%
2021 2.719.199.000 14.78%
2022 7.854.532.000 65.38%
2023 12.050.482.000 34.82%

Assets represent the valuable resources that a company owns, such as cash, inventory, property, and equipment, and understanding a company's assets helps investors assess its value and potential for generating future profits.

Aygaz A.S. Assets
Year Assets Growth
2002 1.104.501.563
2003 1.070.733.076 -3.15%
2004 1.321.604.545 18.98%
2005 1.591.512.413 16.96%
2006 2.406.138.110 33.86%
2007 2.294.037.300 -4.89%
2008 2.464.980.264 6.93%
2009 2.608.092.029 5.49%
2010 2.803.648.000 6.98%
2011 2.712.123.000 -3.37%
2012 2.956.255.000 8.26%
2013 3.188.306.000 7.28%
2014 3.412.218.000 6.56%
2015 3.916.324.000 12.87%
2016 4.314.350.000 9.23%
2017 4.966.220.000 13.13%
2018 5.013.223.000 0.94%
2019 4.954.859.000 -1.18%
2020 5.395.240.000 8.16%
2021 8.333.131.000 35.26%
2022 16.647.614.000 49.94%
2023 21.849.685.000 23.81%

Liabilities refer to the financial obligations or debts that a company owes to creditors or external parties, and understanding a company's liabilities is important for investors as it helps assess the company's financial risk and ability to meet its obligations.

Aygaz A.S. Liabilities
Year Liabilities Growth
2002 544.819.268
2003 375.568.895 -45.07%
2004 522.363.198 28.1%
2005 637.027.104 18%
2006 1.067.660.549 40.33%
2007 795.469.960 -34.22%
2008 991.285.289 19.75%
2009 850.804.189 -16.51%
2010 789.740.000 -7.73%
2011 557.492.000 -41.66%
2012 575.720.000 3.17%
2013 944.730.000 39.06%
2014 1.053.028.000 10.28%
2015 1.305.504.000 19.34%
2016 1.572.793.000 16.99%
2017 2.043.157.000 23.02%
2018 2.510.813.000 18.63%
2019 2.476.776.000 -1.37%
2020 3.077.837.000 19.53%
2021 5.613.932.000 45.18%
2022 8.793.082.000 36.16%
2023 9.799.203.000 10.27%

Aygaz A.S. Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
215.86
Net Income per Share
26.09
Price to Earning Ratio
5.21x
Price To Sales Ratio
0.63x
POCF Ratio
25.82
PFCF Ratio
48.98
Price to Book Ratio
2.5
EV to Sales
0.63
EV Over EBITDA
4.4
EV to Operating CashFlow
25.97
EV to FreeCashFlow
49.26
Earnings Yield
0.19
FreeCashFlow Yield
0.02
Market Cap
29,87 Bil.
Enterprise Value
30,04 Bil.
Graham Number
178.49
Graham NetNet
-13.29

Income Statement Metrics

Net Income per Share
26.09
Income Quality
0.21
ROE
0.63
Return On Assets
0.13
Return On Capital Employed
0.03
Net Income per EBT
1.62
EBT Per Ebit
3.73
Ebit per Revenue
0.02
Effective Tax Rate
-0.02

Margins

Sales, General, & Administrative to Revenue
0.02
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.08
Operating Profit Margin
0.02
Pretax Profit Margin
0.06
Net Profit Margin
0.09

Dividends

Dividend Yield
0.01
Dividend Yield %
0.74
Payout Ratio
0.04
Dividend Per Share
1

Operating Metrics

Operating Cashflow per Share
5.26
Free CashFlow per Share
2.77
Capex to Operating CashFlow
-0.47
Capex to Revenue
-0.01
Capex to Depreciation
-2.45
Return on Invested Capital
0.21
Return on Tangible Assets
0.26
Days Sales Outstanding
28.48
Days Payables Outstanding
41.13
Days of Inventory on Hand
23.87
Receivables Turnover
12.81
Payables Turnover
8.87
Inventory Turnover
15.29
Capex per Share
-2.49

Balance Sheet

Cash per Share
12,17
Book Value per Share
54,27
Tangible Book Value per Share
54.51
Shareholders Equity per Share
54.27
Interest Debt per Share
17.3
Debt to Equity
0.23
Debt to Assets
0.12
Net Debt to EBITDA
0.02
Current Ratio
1.12
Tangible Asset Value
11,98 Bil.
Net Current Asset Value
-0,38 Bil.
Invested Capital
0.23
Working Capital
1,01 Bil.
Intangibles to Total Assets
0
Average Receivables
3,29 Bil.
Average Payables
4,00 Bil.
Average Inventory
2364399500
Debt to Market Cap
0.09

Dividends

Dividends in stock investing are like rewards that companies give to their shareholders. They are a portion of the company's profits distributed to investors, typically in the form of cash payments, as a way for them to share in the company's success.

Aygaz A.S. Dividends
Year Dividends Growth
2004 123
2005 0 0%
2007 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 1 0%
2013 1 100%
2014 1 0%
2015 0 0%
2016 1 100%
2017 2 0%
2018 2 0%
2019 1 0%
2020 1 0%
2021 1 0%
2022 1 0%
2023 1 100%

Aygaz A.S. Profile

About Aygaz A.S.

Aygaz A.S., together with its subsidiaries, purchases and delivers liquid petroleum gas (LPG) to retailers for distribution to customers in Turkey. The company operates through three segments: Gas and Petroleum Products, Electricity, and Other. It also manufactures LPG cylinders, LPG tanks, valves, and other supplementary materials; and cylinder-hood sets and hoses, regulators, small cylinder gas devices, barbecues, and patio heaters. In addition, the company distributes LPG autogas, cylinder gas, and bulk gas; produces and sells LPG-operated devices; carries out LPG marine transportation activities; sells carboy water; and trades in fuel and lubricants through its autogas stations. Further, it engages in the delivery of natural gas to customers through pipelines; and liquefied natural gas to customers through cryogenic trailers. Additionally, it purchases, builds, rents, and operates vessels, which transports crude oil, petroleum products, liquid petroleum gas, natural gas and solid, liquid, and liquefied products; and generates, distributes, and sells electricity. As of December 31, 2021, it operated 8 hydroelectric power plants, 1 wind power plant, and 1 natural gas cycle plant with a total installed capacity of 436 MW. The company provides its services through 2,259 cylinder gas dealers; and 1,718 autogas stations. Aygaz A.S. was incorporated in 1961 and is headquartered in Sisli, Turkey. Aygaz A.S. is a subsidiary of Koç Holding A.S.

CEO
Mr. Melih Poyraz
Employee
1.643
Address
Büyükdere Caddesi
Sisli, 34394

Aygaz A.S. Executives & BODs

Aygaz A.S. Executives & BODs
# Name Age
1 Mr. Gokhan Dizemen
Assistant General Manager of Finance
70
2 Ms. Ayse Abamor Bilgin
Assistant General Manager of Technical Affairs & Investments
70
3 Mr. Fikret Cosar
Assistant General Manager of Sales
70
4 Ms. Esra Topkoç
Director of Human Resources
70
5 Mr. Melih Poyraz
General Manager
70
6 Mr. Ridvan Uçar
Assistant General Manager Marketing & Innovation
70
7 Ali Sencer Turunc
Director of Corporate Finance & Strategy
70

Aygaz A.S. Competitors