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Turkiye Garanti Bankasi Anonim Sirketi 144A (TKGZY)
OTHER OTC:TKGZY
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Turkiye Garanti Bankasi Anonim Sirketi 144A
(OTC:TKGZY)
Rating:66Neutral
Price Target:―
Turkiye Garanti Bankasi Anonim Sirketi 144A (TKGZY) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$14.89B
Dividend Yield18.52%
Average Volume (3M)0.00
Price to Earnings (P/E)5.1
Beta (1Y)0.38
Revenue Growth43.01%
EPS Growth-15.38%
CountryUS
Employees19,521
SectorFinancial
Sector Strength78
IndustryBanks - Regional
Share Statistics
EPS (TTM)0.17
Shares Outstanding4,200,000,000
10 Day Avg. Volume0
30 Day Avg. Volume0
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market Cap0.89
Enterprise Value/Revenue0.03
Enterprise Value/Gross Profit0.04
Enterprise Value/Ebitda0.20
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Turkiye Garanti Bankasi Anonim Sirketi 144A Business Overview & Revenue Model
Company DescriptionTurkiye Garanti Bankasi A.S. provides various banking products and services. It offers current, savings, time and term deposit, ELMA, structured deposit, and gold accounts; and general purpose, auto, revolving, house, discount, SME project, installment, working capital, foreign currency, mortgage, and other loans, as well as spot TL and foreign currency, letters of guarantee and reference, and overdraft accounts. The company also provides various cards; and auto, liability, health, unemployment, life, house, individual accident, automobile, business premises, fire, freight, engineering, accident, loan, and agriculture insurance products, as well as pension products. In addition, it offers mutual funds, T-bills/government bonds, Eurobonds, repos, equities, dual currency deposit transactions, Turkish derivatives exchange, e-trader, forward transactions, and taxation services; cash management services; and SME specific products, such as support packages, foreign trade financing and legislation, and related services. Further, the company provides leasing, fleet management, factoring, investment and private banking, payment, safety box, and Internet and mobile/SMS banking services. As of December 31, 2021, the company operated 872 branches and 5,401 ATMs. Turkiye Garanti Bankasi A.S. was founded in 1946 and is headquartered in Istanbul, Turkey. As of May 18, 2022, Turkiye Garanti Bankasi A.S. operates as a subsidiary of Banco Bilbao Vizcaya Argentaria, S.A.
How the Company Makes MoneyGaranti Bank generates revenue primarily through interest income from loans and credit facilities provided to retail and corporate customers. Additionally, the bank earns from fees and commissions related to its broad array of financial services, such as transaction processing, asset management, and advisory services. The bank also benefits from its investment banking operations, trading activities, and strategic partnerships that enhance its product offerings and customer reach. Key factors contributing to its earnings include a strong customer base, robust digital banking platforms, and a focus on customer-centric financial solutions.
Turkiye Garanti Bankasi Anonim Sirketi 144A Earnings Call Summary
Earnings Call Date:Jul 30, 2025
(Q1-2025)
| % Change Since: |
Next Earnings Date:Oct 30, 2025
Earnings Call Sentiment Neutral
Garanti BBVA's first quarter results show strong financial performance with significant growth in net income, core banking income, and market share in loans and deposits. Despite these positive trends, challenges remain in managing inflation expectations and NPL ratios, with deferred margin recovery and higher risk costs posing concerns.Q1-2025 Updates
Positive Updates
Solid Financial Performance
Garanti BBVA reported a net income of TRY 25.4 billion, marking a 13% year-over-year growth, with a robust ROE at 30.5%.
Core Banking Income Surge
Core NII surged by 68% Q-on-Q due to declining funding costs and resilient loan yields, contributing to a core banking revenues to assets ratio reaching 7.9%.
Lending and Market Share Growth
TL loans grew by 7% to TRY 1.2 trillion, with significant market share gains in consumer, SME loans, and deposits, especially from retail.
Strong Digital Penetration
Digital customer base reached 17 million, enhancing fee growth through increased customer acquisition and penetration.
Negative Updates
Revised Inflation Forecast
Year-end inflation estimate revised upwards from 29% to 31% amid uncertainty in food prices.
Slight Increase in NPL Ratio
NPL ratio rose to 2.6%, reflecting the natural consequence of consumer and credit card growth.
Challenges in Margin Recovery
Due to market shifts, NIM expansion deferred to the fourth quarter, with uncertainty around CPI contributions.
Higher Cost of Risk Projection
First quarter net cost of risk realized at 1.4%, with expectations to converge to 2%-2.5% by year-end due to increasing NPL inflows.
Company Guidance
During Garanti BBVA's first quarter 2025 financial results webcast, the management provided detailed guidance on several key metrics. GDP growth for Turkey is expected to be 3.5% for the year, with inflation revised up to 31% due to market volatility and potential food price uncertainties. The current account deficit to GDP is projected to worsen slightly to 1.5%, while the budget GDP forecast remains at 3.5%. Garanti BBVA reported a net income of TRY 25.4 billion, marking a 13% year-over-year growth, and a robust return on equity of 30.5%. The core net interest income surged by 68% quarter-on-quarter, driven by declining funding costs and resilient loan yields. The non-performing loan ratio rose slightly to 2.6%, and the net cost of risk for the first quarter was 1.4%, better than the year-end guidance of 2% to 2.5%. The bank's deposit share in assets increased to 74%, with notable growth in TL deposits, supported by a 1.1% market share gain among private banks. Despite potential downside risks to net interest margins due to current market conditions, the bank maintains its low-30s return on average equity guidance for the year.Turkiye Garanti Bankasi Anonim Sirketi 144A Financial Statement Overview
Summary
Turkiye Garanti Bankasi Anonim Sirketi demonstrates strong growth with revenue and net income significantly increasing over the years. The balance sheet is robust with high equity and no debt recorded in 2024. However, cash flow volatility in the latest period indicates potential liquidity challenges.Income Statement
The company exhibits strong revenue growth, with total revenue increasing significantly over the years, from 39.19 billion in 2020 to 287.17 billion in 2024. The net profit margin has improved, with net income rising from 6.31 billion in 2020 to 91.24 billion in 2024. However, EBIT margins are unavailable for 2024, which may indicate changes in operational efficiency.85
Very Positive
Balance Sheet
The balance sheet is strong with a high equity level. Stockholders' equity increased from 62.16 billion in 2020 to 329.79 billion in 2024. The company has no total debt recorded in 2024, indicating a stable financial position. The equity ratio is robust, showing a solid capital structure. However, potential risks could arise if liabilities grow faster than equity in the future.80
Positive
Cash Flow
Operating cash flows have shown volatility, with negative figures in 2024. This indicates potential liquidity challenges. Free cash flow has also declined recently, suggesting the need for careful cash management. Despite this, previous years exhibited strong cash generation, providing a cushion for short-term fluctuations.75
Positive
| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 488.24B | 287.17B | 160.16B | 133.01B | 61.57B | 39.19B |
| Gross Profit | 345.95B | 287.17B | 160.16B | 133.01B | 61.57B | 39.19B |
| EBITDA | 67.92B | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Income | 100.03B | 91.24B | 86.37B | 58.29B | 13.47B | 6.31B |
Balance Sheet | ||||||
| Total Assets | 3.82T | 3.00T | 2.20T | 1.30T | 849.40B | 540.91B |
| Cash, Cash Equivalents and Short-Term Investments | 804.78B | 591.84B | 387.28B | 198.97B | 216.80B | 61.36B |
| Total Debt | 343.48B | 223.97B | 153.49B | 104.47B | 97.20B | 58.26B |
| Total Liabilities | 3.44T | 2.67T | 1.96T | 1.15T | 770.17B | 478.50B |
| Stockholders Equity | 377.35B | 329.79B | 244.70B | 152.64B | 78.90B | 62.16B |
Cash Flow | ||||||
| Free Cash Flow | -65.65B | -155.25B | 186.17B | 43.63B | 31.02B | 8.36B |
| Operating Cash Flow | -51.64B | -145.82B | 191.28B | 45.76B | 32.31B | 9.63B |
| Investing Cash Flow | -21.13B | -46.85B | -81.76B | -55.25B | -12.41B | -11.72B |
| Financing Cash Flow | 136.23B | 95.27B | 10.45B | 25.67B | 29.34B | 4.39B |
Turkiye Garanti Bankasi Anonim Sirketi 144A Technical Analysis
Neutral
3.42
Price Trends
3.46
Positive
3.13
Positive
3.33
Positive
Market Momentum
0.03
Positive
47.42
Neutral
32.82
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For TKGZY, the sentiment is Neutral. The current price of 3.42 is below the 20-day moving average (MA) of 3.59, below the 50-day MA of 3.46, and above the 200-day MA of 3.33, indicating a neutral trend. The MACD of 0.03 indicates Positive momentum. The RSI at 47.42 is Neutral, neither overbought nor oversold. The STOCH value of 32.82 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for TKGZY.
Turkiye Garanti Bankasi Anonim Sirketi 144A Peers Comparison
Overall Rating
UnderperformOutperform
Sector (68)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
81 Outperform | $13.28B | 14.11 | 16.25% | 13.13% | -8.82% | 4.87% | |
76 Outperform | $11.31B | 10.11 | 24.13% | 5.52% | 12.43% | 56.30% | |
73 Outperform | $14.46B | 11.32 | 22.07% | 7.27% | -13.16% | -8.10% | |
70 Outperform | $19.34B | 19.02 | 9.43% | 5.89% | -3.77% | -10.59% | |
68 Neutral | $17.95B | 11.54 | 10.27% | 3.74% | 9.64% | 1.17% | |
66 Neutral | $14.89B | 5.14 | 31.02% | 18.52% | 43.01% | -15.38% | |
66 Neutral | $12.98B | 6.77 | 8.90% | 3.36% | -3.55% | 1.59% |
* Financial Sector Average
Performance Comparison
TKGZY
Turkiye Garanti Bankasi Anonim Sirketi 144A
3.25
-0.10
-2.99%
BCH
Banco De Chile
28.92
5.22
22.03%
BSBR
Banco Santander Brasil
5.22
-0.18
-3.33%
BSAC
Banco Santander Chile
24.10
4.68
24.10%
CIB
Bancolombia
49.88
21.82
77.76%
WF
Woori Finance Holdings Co
53.71
17.65
48.95%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.