Türk Hava Yollari Anonim Ortakligi Logo

Türk Hava Yollari Anonim Ortakligi

THYAO.IS

(1.2)
Stock Price

291,50 TRY

24.68% ROA

15.92% ROE

1.36x PER

Market Cap.

11.552.290.896,53 TRY

108.48% DER

0% Yield

11.49% NPM

Türk Hava Yollari Anonim Ortakligi Stock Analysis

Türk Hava Yollari Anonim Ortakligi 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.

Türk Hava Yollari Anonim Ortakligi Fundamental Stock Analysis
# Analysis Rating
1 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.

2 ROE

ROE in an average range (6.89%) suggests satisfactory profitability and decent utilization of shareholders' equity.

3 PBV

The stock's PBV ratio (1.17x) indicates a justifiable valuation, presenting a compelling choice for investors seeking reasonable returns.

4 Buffet Intrinsic Value

Warren Buffett's formula suggests that the company's stock is undervalued (1.764), making it an appealing investment prospect with its intrinsic value surpassing the current market price.

5 DER

The company has a high debt to equity ratio (134%), which means it owes a lot of money compared to what it actually owns, making it financially risky.

6 Revenue Growth

Company's revenue has remained stagnant over the past three years, indicating a lack of growth and making it a less favorable option.

7 Net Profit Growth

This company's net profit has remained stagnant over the past five years, indicating a lack of growth and making it a less favorable investment option.

8 Assets Growth

Company has experienced no growth in revenue over the past three years, suggesting limited profitability and making it a less desirable investment opportunity.

9 Graham Number

The company's Graham number indicates that it is overvalued compared to its stock price, suggesting a potentially unfavorable investment opportunity.

10 Dividend Growth

The company's dividend growth has remained flat for the past three years, offering no indication of improved returns and making it a less advantageous investment opportunity.

11 Dividend

The company has not distributed any dividends in the past three years, which may raise concerns for investors looking for regular income from their investments.

Türk Hava Yollari Anonim Ortakligi 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.

Türk Hava Yollari Anonim Ortakligi Technical Stock Analysis
# Analysis Recommendation
1 Awesome Oscillator Sell
2 MACD Buy
3 RSI Hold
4 Stoch RSI Buy

Türk Hava Yollari Anonim Ortakligi 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.

Türk Hava Yollari Anonim Ortakligi Revenue
Year Revenue Growth
2002 2.950.540.284
2003 2.499.793.339 -18.03%
2004 2.793.385.946 10.51%
2005 3.139.178.550 11.02%
2006 4.049.976.300 22.49%
2007 4.521.537.724 10.43%
2008 6.123.174.209 26.16%
2009 7.035.882.903 12.97%
2010 8.422.771.140 16.47%
2011 11.815.424.727 28.71%
2012 14.909.003.818 20.75%
2013 18.776.784.325 20.6%
2014 24.157.801.405 22.27%
2015 28.752.000.000 15.98%
2016 29.468.000.000 2.43%
2017 39.779.000.000 25.92%
2018 62.853.000.000 36.71%
2019 75.118.000.000 16.33%
2020 46.448.000.000 -61.72%
2021 142.129.143.000 67.32%
2022 311.169.000.000 54.32%
2023 25.284.000.000 -1130.7%

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.

Türk Hava Yollari Anonim Ortakligi Research and Development Expenses
Year Research and Development Expenses Growth
2002 0
2003 0 0%
2004 0 0%
2005 0 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 0 0%
2020 0 0%
2021 0 0%
2022 0 0%
2023 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.

Türk Hava Yollari Anonim Ortakligi General and Administrative Expenses
Year General and Administrative Expenses Growth
2002 0
2003 0 0%
2004 0 0%
2005 -320.546.460 100%
2006 -394.284.050 18.7%
2007 174.979.563 325.33%
2008 203.813.181 14.15%
2009 261.536.526 22.07%
2010 352.872.407 25.88%
2011 384.604.722 8.25%
2012 88.491.798 -334.62%
2013 125.167.144 29.3%
2014 184.364.075 32.11%
2015 245.000.000 24.75%
2016 320.000.000 23.44%
2017 381.000.000 16.01%
2018 570.000.000 33.16%
2019 667.000.000 14.54%
2020 688.000.000 3.05%
2021 1.516.257.000 54.63%
2022 2.058.000.000 26.32%
2023 120.000.000 -1615%

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.

Türk Hava Yollari Anonim Ortakligi EBITDA
Year EBITDA Growth
2002 724.426.868
2003 688.473.350 -5.22%
2004 486.345.868 -41.56%
2005 473.979.510 -2.61%
2006 617.476.610 23.24%
2007 862.981.800 28.45%
2008 2.412.665.272 64.23%
2009 1.256.737.869 -91.98%
2010 976.778.200 -28.66%
2011 1.200.465.005 18.63%
2012 2.176.486.920 44.84%
2013 2.475.565.446 12.08%
2014 4.167.128.077 40.59%
2015 6.869.000.000 39.33%
2016 3.848.000.000 -78.51%
2017 5.434.000.000 29.19%
2018 11.462.000.000 52.59%
2019 14.654.000.000 21.78%
2020 7.301.000.000 -100.71%
2021 40.686.229.500 82.06%
2022 92.971.000.000 56.24%
2023 10.764.000.000 -763.72%

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.

Türk Hava Yollari Anonim Ortakligi Gross Profit
Year Gross Profit Growth
2002 382.930.462
2003 325.118.594 -17.78%
2004 2.093.223.588 84.47%
2005 1.496.713.230 -39.85%
2006 1.730.611.290 13.52%
2007 1.067.779.777 -62.08%
2008 1.472.942.832 27.51%
2009 1.899.933.759 22.47%
2010 1.813.506.611 -4.77%
2011 2.027.895.455 10.57%
2012 3.015.407.108 32.75%
2013 3.472.128.908 13.15%
2014 4.345.177.034 20.09%
2015 5.793.000.000 24.99%
2016 3.417.000.000 -69.53%
2017 7.836.000.000 56.39%
2018 13.569.000.000 42.25%
2019 13.079.000.000 -3.75%
2020 2.683.000.000 -387.48%
2021 31.442.382.000 91.47%
2022 75.641.000.000 58.43%
2023 8.544.000.000 -785.31%

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.

Türk Hava Yollari Anonim Ortakligi Net Profit
Year Net Profit Growth
2002 347.514.638
2003 213.859.863 -62.5%
2004 107.058.441 -99.76%
2005 93.222.420 -14.84%
2006 178.991.890 47.92%
2007 291.892.623 38.68%
2008 1.134.226.211 74.27%
2009 559.076.280 -102.88%
2010 286.443.361 -95.18%
2011 18.516.632 -1446.95%
2012 1.133.367.233 98.37%
2013 682.707.427 -66.01%
2014 1.819.259.536 62.47%
2015 2.993.000.000 39.22%
2016 -47.000.000 6468.09%
2017 639.000.000 107.36%
2018 4.045.000.000 84.2%
2019 4.535.000.000 10.8%
2020 -5.588.000.000 181.16%
2021 12.755.179.500 143.81%
2022 47.429.000.000 73.11%
2023 7.680.000.000 -517.57%

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.

Türk Hava Yollari Anonim Ortakligi Earning per Share (EPS)
Year Earning per Share (EPS) Growth
2002 0
2003 0 0%
2004 0 0%
2005 0 0%
2006 0 0%
2007 0 0%
2008 1 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 3 100%
2019 3 33.33%
2020 0 0%
2021 0 0%
2022 34 100%
2023 0 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.

Türk Hava Yollari Anonim Ortakligi Free Cashflow
Year Free Cashflow Growth
2002 456.899.586
2003 451.613.792 -1.17%
2004 201.890.528 -123.69%
2005 -82.917.170 343.48%
2006 -635.790.820 86.96%
2007 560.257.829 213.48%
2008 1.249.308.920 55.15%
2009 -383.584.842 425.69%
2010 -183.569.239 -108.96%
2011 1.393.005.174 113.18%
2012 691.297.248 -101.51%
2013 1.748.613.948 60.47%
2014 1.569.674.169 -11.4%
2015 2.034.000.000 22.83%
2016 -710.000.000 386.48%
2017 5.992.000.000 111.85%
2018 4.213.000.000 -42.23%
2019 7.278.000.000 42.11%
2020 -2.397.000.000 403.63%
2021 37.946.326.500 106.32%
2022 100.370.000.000 62.19%
2023 1.292.000.000 -7668.58%

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.

Türk Hava Yollari Anonim Ortakligi Operating Cashflow
Year Operating Cashflow Growth
2002 572.813.928
2003 514.558.773 -11.32%
2004 320.454.487 -60.57%
2005 401.002.170 20.09%
2006 438.943.160 8.64%
2007 784.372.099 44.04%
2008 1.479.642.315 46.99%
2009 1.176.268.594 -25.79%
2010 861.165.753 -36.59%
2011 1.552.241.955 44.52%
2012 2.039.833.486 23.9%
2013 2.840.981.502 28.2%
2014 2.643.887.732 -7.45%
2015 4.042.000.000 34.59%
2016 1.941.000.000 -108.24%
2017 9.012.000.000 78.46%
2018 9.613.000.000 6.25%
2019 13.029.000.000 26.22%
2020 5.603.000.000 -132.54%
2021 49.251.751.500 88.62%
2022 117.012.000.000 57.91%
2023 1.576.000.000 -7324.62%

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.

Türk Hava Yollari Anonim Ortakligi Capital Expenditure
Year Capital Expenditure Growth
2002 115.914.342
2003 62.944.981 -84.15%
2004 118.563.959 46.91%
2005 483.919.340 75.5%
2006 1.074.733.980 54.97%
2007 224.114.270 -379.55%
2008 230.333.395 2.7%
2009 1.559.853.436 85.23%
2010 1.044.734.992 -49.31%
2011 159.236.781 -556.09%
2012 1.348.536.238 88.19%
2013 1.092.367.554 -23.45%
2014 1.074.213.563 -1.69%
2015 2.008.000.000 46.5%
2016 2.651.000.000 24.25%
2017 3.020.000.000 12.22%
2018 5.400.000.000 44.07%
2019 5.751.000.000 6.1%
2020 8.000.000.000 28.11%
2021 11.305.425.000 29.24%
2022 16.642.000.000 32.07%
2023 284.000.000 -5759.86%

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.

Türk Hava Yollari Anonim Ortakligi Equity
Year Equity Growth
2002 667.248.045
2003 881.107.908 24.27%
2004 1.110.113.756 20.63%
2005 1.253.790.030 11.46%
2006 1.613.445.030 22.29%
2007 1.904.307.557 15.27%
2008 2.986.587.096 36.24%
2009 3.444.880.226 13.3%
2010 3.747.406.984 8.07%
2011 4.498.927.641 16.7%
2012 5.405.043.589 16.76%
2013 6.962.490.356 22.37%
2014 9.154.403.130 23.94%
2015 14.090.000.000 35.03%
2016 17.899.000.000 21.28%
2017 20.171.000.000 11.26%
2018 31.284.000.000 35.52%
2019 40.795.000.000 23.31%
2020 39.511.000.000 -3.25%
2021 90.935.518.500 56.55%
2022 181.427.000.000 49.88%
2023 12.582.000.000 -1341.96%

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.

Türk Hava Yollari Anonim Ortakligi Assets
Year Assets Growth
2002 3.551.438.422
2003 2.946.846.785 -20.52%
2004 2.948.152.474 0.04%
2005 3.826.192.740 22.95%
2006 4.606.441.540 16.94%
2007 4.921.795.735 6.41%
2008 7.871.635.556 37.47%
2009 8.572.089.427 8.17%
2010 10.648.885.985 19.5%
2011 16.404.947.129 35.09%
2012 18.780.902.463 12.65%
2013 25.399.341.627 26.06%
2014 31.875.607.062 20.32%
2015 47.638.000.000 33.09%
2016 65.074.000.000 26.79%
2017 68.647.000.000 5.2%
2018 109.076.000.000 37.06%
2019 146.871.000.000 25.73%
2020 187.402.000.000 21.63%
2021 352.955.368.500 46.9%
2022 578.571.000.000 39%
2023 34.712.000.000 -1566.78%

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.

Türk Hava Yollari Anonim Ortakligi Liabilities
Year Liabilities Growth
2002 2.884.190.377
2003 2.065.738.877 -39.62%
2004 1.838.038.718 -12.39%
2005 2.572.402.990 28.55%
2006 2.992.996.030 14.05%
2007 3.017.488.178 0.81%
2008 4.885.048.460 38.23%
2009 5.127.209.201 4.72%
2010 6.901.479.001 25.71%
2011 11.906.019.488 42.03%
2012 13.375.858.874 10.99%
2013 18.436.851.271 27.45%
2014 22.721.203.932 18.86%
2015 33.548.000.000 32.27%
2016 47.175.000.000 28.89%
2017 48.476.000.000 2.68%
2018 77.792.000.000 37.69%
2019 106.076.000.000 26.66%
2020 147.891.000.000 28.27%
2021 262.019.850.000 43.56%
2022 397.144.000.000 34.02%
2023 22.130.000.000 -1694.6%

Türk Hava Yollari Anonim Ortakligi Financial Ratio (TTM)

Valuation Metrics

Revenue per Share
53.83
Net Income per Share
6.19
Price to Earning Ratio
1.36x
Price To Sales Ratio
0.16x
POCF Ratio
0.31
PFCF Ratio
0.36
Price to Book Ratio
0.92
EV to Sales
0.33
EV Over EBITDA
1.03
EV to Operating CashFlow
0.65
EV to FreeCashFlow
0.76
Earnings Yield
0.74
FreeCashFlow Yield
2.76
Market Cap
11,55 Bil.
Enterprise Value
24,29 Bil.
Graham Number
35.62
Graham NetNet
-9.89

Income Statement Metrics

Net Income per Share
6.19
Income Quality
4.37
ROE
0.16
Return On Assets
0.25
Return On Capital Employed
0.63
Net Income per EBT
0.94
EBT Per Ebit
0.55
Ebit per Revenue
0.22
Effective Tax Rate
0.06

Margins

Sales, General, & Administrative to Revenue
0.01
Research & Developement to Revenue
0
Stock Based Compensation to Revenue
0
Gross Profit Margin
0.25
Operating Profit Margin
0.22
Pretax Profit Margin
0.12
Net Profit Margin
0.11

Dividends

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

Operating Metrics

Operating Cashflow per Share
27.03
Free CashFlow per Share
23.11
Capex to Operating CashFlow
-0.14
Capex to Revenue
-0.07
Capex to Depreciation
-0.77
Return on Invested Capital
0.42
Return on Tangible Assets
0.25
Days Sales Outstanding
10.63
Days Payables Outstanding
8.62
Days of Inventory on Hand
2.34
Receivables Turnover
34.35
Payables Turnover
42.33
Inventory Turnover
156
Capex per Share
-3.91

Balance Sheet

Cash per Share
4,84
Book Value per Share
9,11
Tangible Book Value per Share
9.04
Shareholders Equity per Share
9.11
Interest Debt per Share
11.61
Debt to Equity
1.08
Debt to Assets
0.39
Net Debt to EBITDA
0.54
Current Ratio
1.05
Tangible Asset Value
12,47 Bil.
Net Current Asset Value
-12,85 Bil.
Invested Capital
1.08
Working Capital
0,41 Bil.
Intangibles to Total Assets
0
Average Receivables
2,12 Bil.
Average Payables
1,31 Bil.
Average Inventory
358500000
Debt to Market Cap
1.18

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.

Türk Hava Yollari Anonim Ortakligi Dividends
Year Dividends Growth
2009 0
2013 0 0%

Türk Hava Yollari Anonim Ortakligi Profile

About Türk Hava Yollari Anonim Ortakligi

Türk Hava Yollari Anonim Ortakligi provides air transport and aircraft technical maintenance services in Turkey and internationally. The company offers domestic and international passenger and cargo air transportation services; repair and maintenance, and technical and infrastructure support services related to aviation sector; catering and aviation ground handling services; software system maintenance and information technology consulting services. It is also involved in training, airport operation, and investment activities; the manufacture and trading of cabin interior accessories and aircraft seats; and the trading of aviation fuel. The company was incorporated in 1933 and is headquartered in Istanbul, Turkey.

CEO
Mr. Bilal Eksi
Employee
52.414
Address
Türk Hava Yollari AO Genel Yönetim Binas
Istanbul, 34149

Türk Hava Yollari Anonim Ortakligi Executives & BODs

Türk Hava Yollari Anonim Ortakligi Executives & BODs
# Name Age
1 Prof. Mecit Es
Non-Executive Deputy Chairman
70
2 Levent Konukcu
Chief Investment & Technology Officer
70
3 Mr. Abdulkerim Çay
Chief Human Resources Officer
70
4 Mr. Bilal Eksi
Chief Executive Officer, President & Executive Director
70
5 Mr. Mehmet Akif Konar
Chief Operational Officer
70
6 Mr. Mehmet Fatih Korkmaz
Head of Investor Relations
70
7 Mr. Ahmet Olmustur
Chief Marketing Officer
70
8 Dr. Zekeriya Demir
Senior Vice President of Accounting & Financial Control
70
9 Dr. Murat Seker Ph.D.
Chief Financial Officer & Executive Director
70
10 Murat Bas
Senior Vice President of Network Planning
70

Türk Hava Yollari Anonim Ortakligi Competitors