Industrial Development Bank of Turkey

The bank maintains a capital structure characterized by high leverage, with a debt-to-equity ratio of 5.88 and total liabilities of 288.6 billion TRY against total equity of 45.7 billion TRY. Long-term debt stands at 268.4 billion TRY, resulting in negative net cash after debt subtraction. Liquidity risk is assessed as medium, supported by operating cash flow of 13.5 billion TRY and free cash flow of 11.3 billion TRY. The market capitalization is 32.3 billion TRY, trading at a price-to-book ratio of 0.71 and a price-to-earnings ratio of 3.23.

Profitability metrics indicate strong returns on equity at 21.89% and return on assets at 2.99%. Net income for the latest period is 11.3 billion TRY. The low valuation multiples suggest the market prices in significant risk or growth concerns relative to the reported earnings power.

Segment and geographic revenue breakdowns are not provided in the available data. The company operates primarily within the Turkish banking sector, but specific concentration risks by region or business line cannot be quantified from the current input.

Historical revenue and net income trends are not available in the provided data. Consequently, the growth trajectory and consistency of earnings over the past five years cannot be assessed.

Key risk factors include medium liquidity risk and low dilution risk. The primary flag is the negative net cash position after accounting for total debt, which highlights sensitivity to interest rate fluctuations and refinancing conditions.

Recent analyst observations indicate a mean price target of 19.57 TRY and a median target of 20.06 TRY, with a mean recommendation of 2.00 (Buy). There are five buy ratings and no hold or strong-buy ratings, suggesting cautious optimism among covered analysts.

The stock trades at a 0.71 price-to-book ratio, significantly below the implied book value of 16.32 per share.

Analysts project 75.2% upside to a mean price target of 19.57, reflecting strong buy consensus.

Return on equity of 21.89% ranks as best-in-class compared to the bank cohort median of 6.33%.

Revenue grew at a 52.9% compound annual rate over the last four fiscal years.

Debt-to-equity ratio of 5.88 places the bank in the bottom quartile of its peer cohort.

Total assets declined 28.9% year-over-year, signaling a significant contraction in the balance sheet size.

Revenue fell 11.2% year-over-year in the latest period, reversing previous growth trends.

Equity decreased 28.7% year-over-year, reducing the capital base supporting the bank's operations.

The company faces a medium level of liquidity risk according to internal risk assessments.

Revenue TRY 4.18B, +10,4% YoY; Net income −7,2% YoY.

• ▍Revenue TRY 4.18B, +10,4% YoY
• ▍Net income −7,2% YoY
• ▍Free cash flow −60,9% YoY
• ▍Net margin 68.7%

Revenue TRY 5.22B, +23,4% YoY; Net income −35,9% YoY.

• ▍Revenue TRY 5.22B, +23,4% YoY
• ▍Net income −35,9% YoY
• ▍Free cash flow −36,9% YoY
• ▍Net margin 38.8%

Revenue TRY 17.86B, +12,7% YoY; Net income +10,8% YoY.

• ▍Revenue TRY 17.86B, +12,7% YoY
• ▍Net income +10,8% YoY
• ▍Free cash flow +9,7% YoY
• ▍Net margin 63.4%

Revenue TRY 10.71B, +55,9% YoY; Net income +75,0% YoY.

• ▍Revenue TRY 10.71B, +55,9% YoY
• ▍Net income +75,0% YoY
• ▍Free cash flow +73,7% YoY
• ▍Net margin 65.0%

Revenue TRY 6.87B, +137,1% YoY; Net income +268,2% YoY.

• ▍Revenue TRY 6.87B, +137,1% YoY
• ▍Net income +268,2% YoY
• ▍Free cash flow +300,6% YoY
• ▍Net margin 57.9%

Revenue TRY 2.90B; Net margin 37.3%.

• ▍Revenue TRY 2.90B
• ▍Net margin 37.3%