TAV Havalimanlari Holding A.S. Logo

TAV Havalimanlari Holding A.S.

TAVHL.IS

(1.8)
Stock Price

243,00 TRY

10.85% ROA

23.49% ROE

6.46x PER

Market Cap.

2.181.998.189,11 TRY

149.61% DER

0% Yield

22.79% NPM

TAV Havalimanlari Holding A.S. Stock Analysis

TAV Havalimanlari Holding 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.

TAV Havalimanlari Holding A.S. Fundamental Stock Analysis
# Analysis Rating
1 PBV

The stock's low PBV ratio (0.99x) suggests it's undervalued, making it an attractive opportunity for investors.

2 ROE

ROE in an average range (14.06%) suggests satisfactory profitability and decent utilization of shareholders' equity.

3 ROA

The stock's ROA (6.04%) shows that it's doing a pretty good job at making money from its assets, making it a solid choice to invest and earn steady profits.

4 Revenue Growth

Company's revenue has experienced consistent growth over the last three years, indicating a favorable financial trajectory and making it an attractive investment choice.

5 Net Profit Growth

With continuous net profit growth in the past three years, this company demonstrates a strong financial performance, making it an enticing investment opportunity.

6 Assets Growth

With a track record of continuous revenue growth in the last three years, this company offers a promising investment opportunity

7 DER

The company has a high debt to equity ratio (154%), which means it owes a lot of money compared to what it actually owns, making it financially risky.

8 Graham Number

The Graham number calculation reveals that this company's stock price is potentially inflated, implying that it may not be a desirable investment option.

9 Dividend Growth

Potential investors should be aware that the company's dividend growth has shown no upward trend in the past three years, indicating limited potential for increased returns.

10 Dividend

No dividends from the company in the past three years raises doubts about its profitability for shareholders.

11 Buffet Intrinsic Value

Based on Warren Buffett's formula, the company's stock seems overpriced (33), indicating a potential drawback for investors as its market price exceeds its estimated intrinsic value.

TAV Havalimanlari Holding 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.

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

TAV Havalimanlari Holding 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.

TAV Havalimanlari Holding A.S. Revenue
Year Revenue Growth
2005 288.325.572
2006 386.149.529 25.33%
2007 487.223.597 20.74%
2008 773.014.908 36.97%
2009 857.448.539 9.85%
2010 754.906.500 -13.58%
2011 876.601.030 13.88%
2012 1.113.639.000 21.28%
2013 1.026.068.000 -8.53%
2014 911.800.000 -12.53%
2015 1.002.478.000 9.05%
2016 1.033.775.000 3.03%
2017 1.138.516.000 9.2%
2018 1.100.943.626 -3.41%
2019 713.589.669 -54.28%
2020 301.406.000 -136.75%
2021 522.064.000 42.27%
2022 1.051.358.000 50.34%
2023 1.687.172.000 37.69%
2023 1.309.687.000 -28.82%
2024 1.645.468.000 20.41%

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.

TAV Havalimanlari Holding A.S. Research and Development Expenses
Year Research and Development Expenses Growth
2005 0
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 0 0%
2015 0 0%
2016 0 0%
2017 0 0%
2018 0 0%
2019 304.318 100%
2020 468.000 34.97%
2021 595.000 21.34%
2022 865.586 31.26%
2023 0 0%
2023 1.195.037 100%
2024 0 0%

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.

TAV Havalimanlari Holding A.S. General and Administrative Expenses
Year General and Administrative Expenses Growth
2005 5.053.944
2006 16.132.253 68.67%
2007 25.467.358 36.66%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 27.250.000 100%
2013 23.804.000 -14.48%
2014 25.173.000 5.44%
2015 22.551.000 -11.63%
2016 30.252.000 25.46%
2017 25.338.000 -19.39%
2018 83.761.919 69.75%
2019 71.902.027 -16.49%
2020 21.078.000 -241.12%
2021 22.211.000 5.1%
2022 40.376.000 44.99%
2023 0 0%
2023 35.832.000 100%
2024 291.946.304 87.73%

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.

TAV Havalimanlari Holding A.S. EBITDA
Year EBITDA Growth
2005 164.310.013
2006 163.920.115 -0.24%
2007 200.216.601 18.13%
2008 290.890.988 31.17%
2009 318.545.718 8.68%
2010 341.819.430 6.81%
2011 252.859.220 -35.18%
2012 320.418.000 21.08%
2013 337.920.000 5.18%
2014 430.095.000 21.43%
2015 470.748.000 8.64%
2016 427.007.000 -10.24%
2017 507.994.000 15.94%
2018 532.114.907 4.53%
2019 361.638.364 -47.14%
2020 -39.495.000 1015.66%
2021 283.590.000 113.93%
2022 380.168.000 25.4%
2023 1.133.604.000 66.46%
2023 559.562.000 -102.59%
2024 602.452.000 7.12%

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.

TAV Havalimanlari Holding A.S. Gross Profit
Year Gross Profit Growth
2005 220.939.705
2006 298.144.745 25.9%
2007 387.740.291 23.11%
2008 474.360.068 18.26%
2009 482.612.192 1.71%
2010 590.040.612 18.21%
2011 657.126.948 10.21%
2012 797.867.000 17.64%
2013 720.416.000 -10.75%
2014 761.269.000 5.37%
2015 859.917.000 11.47%
2016 860.428.000 0.06%
2017 989.296.000 13.03%
2018 565.542.577 -74.93%
2019 337.003.773 -67.81%
2020 91.989.000 -266.35%
2021 224.829.000 59.08%
2022 477.719.000 52.94%
2023 702.664.000 32.01%
2023 425.554.000 -65.12%
2024 586.304.000 27.42%

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.

TAV Havalimanlari Holding A.S. Net Profit
Year Net Profit Growth
2005 37.253.127
2006 -59.265.474 162.86%
2007 -38.438.325 -54.18%
2008 4.667.741 923.49%
2009 51.464.776 90.93%
2010 51.639.930 0.34%
2011 51.841.954 0.39%
2012 126.954.000 59.16%
2013 132.659.000 4.3%
2014 213.694.000 37.92%
2015 200.328.000 -6.67%
2016 119.667.000 -67.4%
2017 185.299.000 35.42%
2018 250.711.081 26.09%
2019 76.979.309 -225.69%
2020 -278.138.000 127.68%
2021 44.721.000 721.94%
2022 122.201.000 63.4%
2023 734.736.000 83.37%
2023 249.149.000 -194.9%
2024 288.276.000 13.57%

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.

TAV Havalimanlari Holding A.S. Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2005 0
2006 0 0%
2007 0 0%
2008 0 0%
2009 0 0%
2010 0 0%
2011 0 0%
2012 0 0%
2013 0 0%
2014 1 0%
2015 1 0%
2016 0 0%
2017 0 0%
2018 1 0%
2019 0 0%
2020 -1 0%
2021 0 0%
2022 0 0%
2023 2 100%
2023 1 0%
2024 1 0%

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.

TAV Havalimanlari Holding A.S. Free Cashflow
Year Free Cashflow Growth
2005 -10.240.725
2006 -99.699.482 89.73%
2007 -107.291.786 7.08%
2008 11.706.507 1016.51%
2009 -102.401.294 111.43%
2010 217.386.440 147.11%
2011 249.773.978 12.97%
2012 282.724.000 11.65%
2013 292.712.000 3.41%
2014 312.180.000 6.24%
2015 183.968.000 -69.69%
2016 435.237.000 57.73%
2017 238.312.000 -82.63%
2018 300.812.682 20.78%
2019 65.294.404 -360.7%
2020 -33.971.000 292.21%
2021 215.688.000 115.75%
2022 143.669.000 -50.13%
2023 111.668.000 -28.66%
2023 -155.821.000 171.66%
2024 28.201.000 652.54%

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.

TAV Havalimanlari Holding A.S. Operating Cashflow
Year Operating Cashflow Growth
2005 -4.554.188
2006 -70.235.194 93.52%
2007 16.722.051 520.02%
2008 226.319.746 92.61%
2009 209.677.505 -7.94%
2010 336.290.587 37.65%
2011 355.496.981 5.4%
2012 414.039.000 14.14%
2013 526.368.000 21.34%
2014 526.164.000 -0.04%
2015 941.698.000 44.13%
2016 542.872.000 -73.47%
2017 278.547.000 -94.89%
2018 387.759.292 28.16%
2019 132.268.884 -193.16%
2020 3.184.000 -4054.17%
2021 238.113.000 98.66%
2022 278.378.000 14.46%
2023 178.320.000 -56.11%
2023 58.600.000 -204.3%
2024 92.289.000 36.5%

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.

TAV Havalimanlari Holding A.S. Capital Expenditure
Year Capital Expenditure Growth
2005 5.686.537
2006 29.464.288 80.7%
2007 124.013.837 76.24%
2008 214.613.239 42.22%
2009 312.078.799 31.23%
2010 118.904.147 -162.46%
2011 105.723.003 -12.47%
2012 131.315.000 19.49%
2013 233.656.000 43.8%
2014 213.984.000 -9.19%
2015 757.730.000 71.76%
2016 107.635.000 -603.98%
2017 40.235.000 -167.52%
2018 86.946.609 53.72%
2019 66.974.480 -29.82%
2020 37.155.000 -80.26%
2021 22.425.000 -65.69%
2022 134.709.000 83.35%
2023 66.652.000 -102.11%
2023 214.421.000 68.92%
2024 64.088.000 -234.57%

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.

TAV Havalimanlari Holding A.S. Equity
Year Equity Growth
2005 166.757.119
2006 333.640.287 50.02%
2007 340.552.907 2.03%
2008 309.039.300 -10.2%
2009 412.999.015 25.17%
2010 540.385.453 23.57%
2011 562.423.571 3.92%
2012 536.768.000 -4.78%
2013 626.266.000 14.29%
2014 745.694.000 16.02%
2015 813.433.000 8.33%
2016 807.092.000 -0.79%
2017 889.286.000 9.24%
2018 1.027.671.154 13.47%
2019 1.306.696.630 21.35%
2020 934.695.000 -39.8%
2021 1.010.653.000 7.52%
2022 1.224.658.000 17.47%
2023 1.426.440.000 14.15%
2023 1.405.288.000 -1.51%
2024 1.528.875.000 8.08%

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.

TAV Havalimanlari Holding A.S. Assets
Year Assets Growth
2005 1.149.142.528
2006 1.356.212.762 15.27%
2007 1.481.966.752 8.49%
2008 1.630.889.452 9.13%
2009 1.923.116.435 15.2%
2010 2.039.474.431 5.71%
2011 2.081.248.721 2.01%
2012 2.248.733.000 7.45%
2013 2.261.562.000 0.57%
2014 2.646.683.000 14.55%
2015 3.306.384.000 19.95%
2016 3.101.298.000 -6.61%
2017 3.002.269.000 -3.3%
2018 3.437.541.218 12.66%
2019 3.834.381.188 10.35%
2020 3.555.123.000 -7.86%
2021 3.444.729.000 -3.2%
2022 4.277.733.000 19.47%
2023 4.753.098.000 10%
2023 4.699.867.000 -1.13%
2024 4.898.644.000 4.06%

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.

TAV Havalimanlari Holding A.S. Liabilities
Year Liabilities Growth
2005 982.385.409
2006 1.022.572.475 3.93%
2007 1.141.413.845 10.41%
2008 1.321.850.152 13.65%
2009 1.510.117.420 12.47%
2010 1.499.088.978 -0.74%
2011 1.518.825.150 1.3%
2012 1.711.965.000 11.28%
2013 1.635.296.000 -4.69%
2014 1.900.989.000 13.98%
2015 2.492.951.000 23.75%
2016 2.294.206.000 -8.66%
2017 2.112.983.000 -8.58%
2018 2.409.870.063 12.32%
2019 2.527.684.556 4.66%
2020 2.620.428.000 3.54%
2021 2.434.076.000 -7.66%
2022 3.053.075.000 20.27%
2023 3.326.658.000 8.22%
2023 3.294.579.000 -0.97%
2024 3.369.769.000 2.23%

TAV Havalimanlari Holding A.S. Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
4.08
Net Income per Share
0.93
Price to Earning Ratio
6.46x
Price To Sales Ratio
1.47x
POCF Ratio
5.91
PFCF Ratio
16.05
Price to Book Ratio
1.44
EV to Sales
2.65
EV Over EBITDA
5.9
EV to Operating CashFlow
10.64
EV to FreeCashFlow
28.89
Earnings Yield
0.15
FreeCashFlow Yield
0.06
Market Cap
2,18 Bil.
Enterprise Value
3,93 Bil.
Graham Number
9.33
Graham NetNet
-7.3

Income Statement Metrics

Net Income per Share
0.93
Income Quality
1.06
ROE
0.23
Return On Assets
0.07
Return On Capital Employed
0.12
Net Income per EBT
0.92
EBT Per Ebit
0.82
Ebit per Revenue
0.3
Effective Tax Rate
0.05

Margins

Sales, General, & Administrative to Revenue
0.19
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.33
Operating Profit Margin
0.3
Pretax Profit Margin
0.25
Net Profit Margin
0.23

Dividends

Dividend Yield
0
Dividend Yield %
0
Payout Ratio
0.02
Dividend Per Share
0

Operating Metrics

Operating Cashflow per Share
1.02
Free CashFlow per Share
0.37
Capex to Operating CashFlow
0.63
Capex to Revenue
0.16
Capex to Depreciation
1.5
Return on Invested Capital
0.11
Return on Tangible Assets
0.11
Days Sales Outstanding
38.98
Days Payables Outstanding
29.64
Days of Inventory on Hand
17.78
Receivables Turnover
9.36
Payables Turnover
12.31
Inventory Turnover
20.53
Capex per Share
0.64

Balance Sheet

Cash per Share
1,58
Book Value per Share
4,21
Tangible Book Value per Share
-0.71
Shareholders Equity per Share
4.16
Interest Debt per Share
6.6
Debt to Equity
1.5
Debt to Assets
0.46
Net Debt to EBITDA
2.62
Current Ratio
0.95
Tangible Asset Value
-0,26 Bil.
Net Current Asset Value
-2,38 Bil.
Invested Capital
2660433000
Working Capital
-0,06 Bil.
Intangibles to Total Assets
0.36
Average Receivables
0,15 Bil.
Average Payables
0,07 Bil.
Average Inventory
44492500
Debt to Market Cap
1.04

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.

TAV Havalimanlari Holding A.S. Dividends
Year Dividends Growth
2012 0
2013 0 0%
2014 1 0%
2015 1 0%
2016 1 0%
2017 1 0%
2018 1 100%
2019 2 50%
2020 1 -100%

TAV Havalimanlari Holding A.S. Profile

About TAV Havalimanlari Holding A.S.

TAV Havalimanlari Holding A.S., together with its subsidiaries, constructs terminal buildings, and manages and operates terminals or airports in Turkey, Kazakhstan, Georgia, Macedonia, Latvia, Tunisia, Saudi Arabia, Oman, Spain, and internationally. It operates through Terminal Operations, Catering Operations, Duty Free Operations, Ground Handling and Bus Operations, and Other segments. The Terminal Operations segment operates terminal buildings, car parks, and general aviation terminals. This segment also engages in the ground handling operations, as well as operation of parking-apron-taxi ways. The Catering Operations segment manages food and beverage operations of the terminal for passengers and the terminal personnel. The Duty Free Operations segment sells duty free goods for the international arriving and departing passengers. The Ground Handling and Bus Operations segment offers traffic, ramp, flight operation, cargo, and various other ground handling services for domestic and international flights; and operates buses. The Other segment provides lounge, IT, security and education, and airline taxi services. It also provides software and system services. The company was formerly known as Tepe Akfen Vie Yatirim Yapim ve Isletme A.S. and changed its name to TAV Havalimanlari Holding A.S. in August 2006. TAV Havalimanlari Holding A.S. was founded in 1997 and is headquartered in Istanbul, Turkey.

CEO
Mr. Vehbi Serkan Kaptan
Employee
20.994
Address
Vadistanbul Bulvar
Istanbul, 34485

TAV Havalimanlari Holding A.S. Executives & BODs

TAV Havalimanlari Holding A.S. Executives & BODs
# Name Age
1 Mr. Hakan Oker
Chief Human Resources Officer
70
2 Ms. Ceyda Akbal
General Counsel
70
3 Ms. Bengi Vargul
Corporate Communication Director
70
4 Mr. Nazim Yaprak
Treasury Director
70
5 Mr. Franck Mereyde
Executive Director
70
6 Mr. Mehmet Kerem Ozturk
Chief Information Officer & GM of TAV Technologies
70
7 Mr. Vehbi Serkan Kaptan
Chief Executive Officer
70
8 Ms. Burcu Geris
Deputy Chief Executive Officer & Chief Financial Officer
70
9 Mr. Kursad Kocak
Chief Operating Officer
70

TAV Havalimanlari Holding A.S. Competitors