Sekerbank T.A.S.

SKBNK TI

SKBNK TISekerbank T.A.S.

ISTANBUL

4.89

TRY

- -

1.64EPS Dil.

2.88P/E

9.10BMarket Cap

1.43%Div. Yield

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Sekerbank T.A.S.

SKBNK:TI

(ISTANBUL)

Recent

price

4.89

P/E

ratio

- -

div

yld

- -

ROIC.AI

Legends:

Stock price

Beta (1.0 Market)

% total return 06/18

Stock

S&P500

2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	TTM
0.98	2	0.74	0.68	0.94	0.94	1.03	1.03	1.06	1.09	1.3	1.48	1.72	1.48	3.77	5.5	5.61	Revenue per Share
0.18	0.36	0.14	0.1	0.2	0.18	0.19	0.08	0.09	0.08	0.06	-0.75	0.15	0.23	1.06	1.71	1.7	Basic EPS, GAAP
0.33	-0.65	-0.02	0.32	-2.11	-0.33	-0.23	0.19	-0.73	1.94	-1.3	-2.48	-0.55	-1.15	-0.02	1.87	1.85	Free Cash Flow per Basic Share
0.03	5.96	0.01	0.01	4.32	- -	4.74	- -	- -	- -	- -	- -	- -	- -	- -	0.07	0.07	Dividend per Share
0.64	0.6	0.96	0.91	1.01	0.99	1	0.91	0.96	1.08	0.53	0.25	1.03	1.22	2.03	2.88	2.88	Book Value per Share
1.18	1.18	1.48	1.2	1.5	1.69	1.8	1.81	1.81	1.94	1.7	1.32	1.42	1.74	3.6	6.76	6.76	Tangible Book Value per Share
829	453	1,215	1,227	1,227	1,227	1,308	1,274	1,345	1,364	1,400	1,029	1,316	1,788	1,744	1,733	1,752	Basic Weighted Avg Shares
816	906	895	830	1,152	1,155	1,346	1,311	1,425	1,485	1,814	1,523	2,262	2,645	6,575	9,540	9,821	Sales/Revenue/Turnover
- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	Operating Margin (%)
19	22	- -	29	36	44	49	49	60	63	67	134	133	143	190	314	314	Depreciation Expense
146	163	168	124	250	219	243	96	123	114	89	-768	193	415	1,846	2,971	2,971	Net Income, GAAP
20.38	18.82	20.11	23.11	22.53	20.14	19.28	- -	8.27	17.29	17.51	- -	16.97	10.97	14.01	- -	- -	Effective Tax Rate (%)
17.86	17.95	18.82	14.96	21.71	18.98	18.06	7.29	8.65	7.65	4.93	-50.41	8.55	15.68	28.07	31.14	30.25	Profit Margin (%)
536	444	653	1,355	1,551	2,369	2,096	2,549	1,214	5,828	3,805	4,020	5,728	11,641	12,017	- -	- -	Working Capital
803	32	31	2,119	2,279	3,215	3,627	5,232	4,752	8,068	5,840	4,484	4,818	10,026	9,551	15,190	15,190	LT Debt
993	1,275	1,429	1,500	1,874	2,118	2,478	2,614	2,614	2,791	2,453	1,961	2,765	3,366	6,837	12,733	12,733	Total Equity
- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	Return on Invested Capital (%)
-34.62	-29.71	-31.45	-24.55	-13.9	-10.44	-15.11	- -	-19.8	-16.15	-28.44	- -	-22.17	-24.41	-14.74	- -	- -	Return on Capital (%)
28.23	27.81	21.64	12.27	21.23	17.84	19.09	7.35	9.47	8.01	8	-142.08	17.06	19.85	61.16	65.09	65.09	Return on Common Equity (%)

Capital Structure

•

in mil. unless spec.

Working Capital

•

in mil. unless spec.

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)	10 years	5 years	1 year
Sales/Revenue/Turnover	29.21%	48.61%	45.09%
Net Income, GAAP	-61.36%	-112.75%	60.96%
Free Cash Flow	-1,010.46%	-1,771.57%	-8,910.92%
Total Cash Common Dividend	- -	- -	3,280.23%
Total Equity	24.92%	46.41%	86.22%

Growth Rates

•

in mil. unless spec.

Quarterly Revenue

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in mil. unless spec.

Quarterly Earnings Per Share

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in mil. unless spec.

Quarterly Dividends Per Share

•

in mil. unless spec.

Business: Sekerbank T.A.S., together with its subsidiaries, engages in the provision of agricultural, business, SME, corporate, and retail banking services in Turkey. The company accepts time, demand, savings, and other deposits, as well as foreign currency deposits. It also offers consumer loans, such as mortgage, vehicle, general purpose, and other loans; export and import loans; business loans; corporation loans; loans given to financial sector; retail loans; and individual/commercial credit and ATM cards, as well as mobile and online banking services. In addition, the company provides transaction brokerage, portfolio brokerage, private portfolio management, investment consulting, and brokerage and underwriting of public offerings, as well as limited and general custody services; domestic and foreign factoring services; and financial leasing services. Further, it operates a portfolio of real estates, real estate projects, rights based on real estate, capital market instruments, and other assets and rights. The company was formerly known as Pancar Kooperatifleri Bankasi A.S. and changed its name to Sekerbank T.A.S. in 1956. Sekerbank T.A.S. was founded in 1953 and is headquartered in Istanbul, Turkey.

	Jun'23	Sep'23	Dec'23
ST Debt	- -	- -	- -
LT Borrowings	- -	- -	- -
LT Finance Leases	- -	- -	- -
Preferred Equity and Hybrid Capital	- -	- -	- -
Shares Outstanding	1,860	1,860	1,860
Market Capitalization	4,966	12,202	6,938

	Jun'23	Sep'23	Dec'23
Total Current Assets	17,001	18,324	- -
Accounts Receivable, Net	- -	- -	- -
Cash, Cash Equivalents & STI	17,001	18,324	20,179
Inventories	- -	- -	- -
Total Current Liabilities	256	431	- -
Payables & Accruals	256	431	522
ST Debt	- -	- -	- -
Deferred Revenue	- -	- -	- -

2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	TTM
0.98	2	0.74	0.68	0.94	0.94	1.03	1.03	1.06	1.09	1.3	1.48	1.72	1.48	3.77	5.5	5.61	Revenue per Share
0.18	0.36	0.14	0.1	0.2	0.18	0.19	0.08	0.09	0.08	0.06	-0.75	0.15	0.23	1.06	1.71	1.7	Basic EPS, GAAP
0.33	-0.65	-0.02	0.32	-2.11	-0.33	-0.23	0.19	-0.73	1.94	-1.3	-2.48	-0.55	-1.15	-0.02	1.87	1.85	Free Cash Flow per Basic Share
0.03	5.96	0.01	0.01	4.32	- -	4.74	- -	- -	- -	- -	- -	- -	- -	- -	0.07	0.07	Dividend per Share
0.64	0.6	0.96	0.91	1.01	0.99	1	0.91	0.96	1.08	0.53	0.25	1.03	1.22	2.03	2.88	2.88	Book Value per Share
1.18	1.18	1.48	1.2	1.5	1.69	1.8	1.81	1.81	1.94	1.7	1.32	1.42	1.74	3.6	6.76	6.76	Tangible Book Value per Share
829	453	1,215	1,227	1,227	1,227	1,308	1,274	1,345	1,364	1,400	1,029	1,316	1,788	1,744	1,733	1,752	Basic Weighted Avg Shares
816	906	895	830	1,152	1,155	1,346	1,311	1,425	1,485	1,814	1,523	2,262	2,645	6,575	9,540	9,821	Sales/Revenue/Turnover
- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	Operating Margin (%)
19	22	- -	29	36	44	49	49	60	63	67	134	133	143	190	314	314	Depreciation Expense
146	163	168	124	250	219	243	96	123	114	89	-768	193	415	1,846	2,971	2,971	Net Income, GAAP
20.38	18.82	20.11	23.11	22.53	20.14	19.28	- -	8.27	17.29	17.51	- -	16.97	10.97	14.01	- -	- -	Effective Tax Rate (%)
17.86	17.95	18.82	14.96	21.71	18.98	18.06	7.29	8.65	7.65	4.93	-50.41	8.55	15.68	28.07	31.14	30.25	Profit Margin (%)
536	444	653	1,355	1,551	2,369	2,096	2,549	1,214	5,828	3,805	4,020	5,728	11,641	12,017	- -	- -	Working Capital
803	32	31	2,119	2,279	3,215	3,627	5,232	4,752	8,068	5,840	4,484	4,818	10,026	9,551	15,190	15,190	LT Debt
993	1,275	1,429	1,500	1,874	2,118	2,478	2,614	2,614	2,791	2,453	1,961	2,765	3,366	6,837	12,733	12,733	Total Equity
- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	Return on Invested Capital (%)
-34.62	-29.71	-31.45	-24.55	-13.9	-10.44	-15.11	- -	-19.8	-16.15	-28.44	- -	-22.17	-24.41	-14.74	- -	- -	Return on Capital (%)
28.23	27.81	21.64	12.27	21.23	17.84	19.09	7.35	9.47	8.01	8	-142.08	17.06	19.85	61.16	65.09	65.09	Return on Common Equity (%)

Year	Q1	Q2	Q3	Q4	FY
2021	503	499	509	1,194	2,645
2022	1,117	1,277	1,608	2,534	6,575
2023	1,600	2,707	1,809	3,705	9,540

Year	Q1	Q2	Q3	Q4	FY
2021	- -	0.01	0.01	0.17	0.23
2022	0.21	0.2	0.17	0.54	1.06
2023	0.22	0.56	0.29	0.67	1.71