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NTGAZ.IS — Borsa Istanbul Natural Gas Utilities

Naturelgaz Sanayi ve Ticaret AS

$12,66

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Mcap

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P/E

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EV / Rev

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Div yield

6,96 %

Op margin

15,4 %

ROE

17,9 %

Net margin

11,3 %

Debt / equity

0,07

Beta

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52w range

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Volume

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Day range

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Prev close

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Next earnings

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Ex-dividend

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TR 1Y

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About

Naturelgaz Sanayi ve Ticaret AS operates in the natural gas utilities sector, providing energy distribution and related services to residential and commercial customers in Turkey.

Business. Naturelgaz Sanayi ve Ticaret AS (NTGAZ.IS) is a natural gas utility company operating within the utilities sector. The firm is headquartered in Turkey and is primarily listed on the Borsa Istanbul. Specific details regarding its operating segments and geographic revenue mix are not available.

Classification92 %

SectorUtilities

IndustryNatural Gas Utilities

ActivityUtilities

Generated · model-assisted

Sell-side consensus

—consensus pending

— buy— hold— sell

Avg 12m price target—

Upcoming events

— missing data

See all catalysts →

At a glance

Score

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not yet scored

Valuation

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valuation pending

Analysts

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not yet wired

Ownership

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not yet wired

Profitability→

17,9 %

return on equity

Quality

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not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

No recent newsroom coverage mentioning NTGAZ.

Sector rotation

Sector1D1Mvs mkt

Materials+2,3 %+6,6 %+1,7 %

Communication Services+2,2 %−5,5 %+1,6 %

Energy+0,6 %+3,3 %+0,0 %

Health Care+0,6 %−0,8 %+0,0 %

Information Technology+0,6 %+6,7 %+0,0 %

Consumer Discretionary+0,4 %+7,6 %−0,2 %

Financials−0,3 %−2,8 %−0,9 %

Consumer Staples−0,4 %+2,5 %−1,0 %

Real Estate−0,7 %+10,9 %−1,3 %

Industrials−1,9 %−3,1 %−2,5 %

Utilities · THIS SECTOR−1,9 %+28,2 %−2,5 %

Developing storylines

No tracked sagas currently linked to NTGAZ.IS. Browse all sagas →

Analysis

AI analysis

Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

Opportunity

— missing data

Upcoming catalysts

Scheduled public events. Informational only — not investment advice.

Macro
Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
Macro & political
ElectionSE Swedish Election2026-09-14 · SE
ElectionUS U.S. Midterms2026-11-03 · US
ElectionFR French Legislative2027-06-01 · FR

Pre-earnings brief

— missing data

Signals & dispatch

peak dispatch · —

Composite-score breakdown

Synthesis

Business

Naturelgaz Sanayi ve Ticaret AS (NTGAZ.IS) is a natural gas utility company operating within the utilities sector. The firm is headquartered in Turkey and is primarily listed on the Borsa Istanbul. Specific details regarding its operating segments and geographic revenue mix are not available.

Classification92 %

SectorUtilities

IndustryNatural Gas Utilities

ActivityUtilities

AI synthesis

GENERATED

Naturelgaz maintains a strong liquidity position with a current ratio of 1.53, supported by cash and equivalents of 326.5 million TRY and a low debt-to-equity ratio of 0.07. However, the company reported negative free cash flow of -161.1 million TRY, driven by capital expenditures of -1.083 billion TRY. The negative net cash position after subtracting total debt raises liquidity concerns despite the company's overall strong balance sheet.

Profitability metrics are robust, with a return on equity of 17.86% and a return on assets of 13.04%, both exceeding the median for the natural gas utilities industry. Operating income of 1.223 billion TRY and net income of 900.6 million TRY reflect strong operational performance.

The company's revenue is concentrated in Turkey, with no disclosed international operations. No segment-specific revenue breakdown is available, but the company operates as a single business unit focused on natural gas utilities.

Revenue growth has been strong, with a total of 7.951 billion TRY in the latest period. While no forward-looking guidance is provided, the company's capital expenditures suggest ongoing investment in infrastructure, which may support long-term growth.

Risk factors include medium liquidity risk due to negative free cash flow and a net cash deficit after debt. Dilution risk is low, with no shares issued in the latest period and no dilution adjustments applied in valuations. No recent regulatory or geopolitical events are disclosed that would significantly impact operations.

Recent filings and transcripts are not available in the dataset, but the company's financial statements indicate stable operations and a focus on maintaining liquidity and capital structure.

Key takeaways

Naturelgaz has strong profitability metrics, with ROE and ROA well above industry medians.
The company maintains a low debt-to-equity ratio and a current ratio above 1.5, indicating solid liquidity.
Free cash flow is negative due to high capital expenditures, which may signal investment in long-term growth.
Revenue is concentrated in a single geographic market, with no international diversification disclosed.
Dilution risk is low, with no recent share issuance and no dilution adjustments in valuations.

Bull / Bear case

Generated · model-assisted

— missing data

In focus — financials by report

Valuation

Market price

$12,66

Market cap

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Enterprise valueⓘ

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P/Eⓘ

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Non-GAAP P/Eⓘ

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EV / Revenueⓘ

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EV / Op incomeⓘ

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EV / OCFⓘ

—

P / Bⓘ

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P / Tangible bookⓘ

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Tangible book

$5.04B

Net cashⓘ

-$17.1M

Current ratioⓘ

1.5

Debt / equityⓘ

0.1

ROAⓘ

13.0%

ROEⓘ

17.9%

Cash conversionⓘ

147.0%

CapEx / revenueⓘ

-13.6%

SBC / revenueⓘ

—

Dilution ratioⓘ

0.0%

Revenue by segment

Business relationships

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Supply chain

— missing data

Peer comparison

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Market position

Stress test

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Predictor forecast

Options

— missing data

Short squeeze

— missing data

Earnings-call key lines

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Estimate revisions

consensus EPS · 26-week trend

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Sell-side observations

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Themes

— missing data

ESG

— missing data

Risk factors

Dilution riskLow

Liquidity riskMedium

Filing-based flags

Net cash is negative after subtracting total debt.

Benchmarks vs cohort

Op Margin15,4 %Above median

Net Margin11,3 %Above median

ROE17,9 %Above P75

Capex / Rev-13,6 %Below median

D/E0,07Above P75

Cash Conv1,47Below median

Corporate actions / M&A

— missing data

FX exposure

— missing data

Comparable transactions

— missing data

Derivatives & instruments

— missing data

Actions

Set alert Open in charts

Ask Handelsavisen

— missing data

Data sources

Market data
Market data cache
Issuer disclosures
Public news
Earnings transcripts
Consensus estimates
ESG data

How metrics are computed

Dilution Ratio
(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
Net Cash
cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
Capex To Revenue
capital_expenditure / revenue
Return On Equity
net_income / total_equity
Debt To Equity
(short_term_debt + long_term_debt) / total_equity
Cash Conversion Ratio
operating_cash_flow / net_income

Source documents

Naturelgaz Sanayi ve Ticaret AS Market data — financials · 2026-05-28

Ownership & reference

Insider activity

— missing data

Short positioning

— missing data

Geographic breakdown

— missing data

Listings · one canonical issuer all listings resolve to the canonical

NTGAZ.ISCanonical

Borsa Istanbul · USD

Intel & risk

peak dispatch · —

OSINT findings

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Evidence & claims

From filings & derived data

— missing data

The Thread

Everything we know, in order

— missing data

Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage

At a glance

What drives this business

News & coverage

Sector rotation

Developing storylines

Analysis

Opportunity

Upcoming catalysts

Pre-earnings brief

Signals & dispatch

Composite-score breakdown

Synthesis

Bull / Bear case

In focus — financials by report

Valuation

Revenue by segment

Market share

Business relationships

Supply chain

Peer comparison

Market position

Stress test

Predictor forecast

Options

Short squeeze

Earnings-call key lines

Estimate revisions

Sell-side observations

Themes

ESG

Risk factors

Benchmarks vs cohort

Corporate actions / M&A

FX exposure

Comparable transactions

Derivatives & instruments

Actions

Ask Handelsavisen

Ownership & reference

Insider activity

Short positioning

Geographic breakdown

Intel & risk

Evidence & claims

The Thread