Definitive Analysis
Definitive Analysis

Financial Statements

Analysis Mode

Ticker

Industry

Sector

Yapi ve Kredi Bankasi A.S. (YKBNK.IS)

Company Dividend Discount ModelIndustry: Banks - RegionalSector: Financial Services

Valuation Snapshot

Stable Growth$289.82 - $1,045.84$922.12
Multi-Stage$131.46 - $143.89$137.56
Blended Fair Value$529.84
Current Price$33.94
Upside1,461.11%
DecisionBuy

Dividend History & Growth Metrics (10Y)

Metric5Y CAGR10Y CAGR2024202320222021202020192018201720162015
DPS1,053.28%38.67%1.210.940.120.060.000.000.000.000.000.05
YoY Growth--28.94%691.05%100.00%1,111,115.56%-10.00%19.05%10.53%2.70%-99.99%3.09%
Dividend Yield--5.00%3.30%1.24%1.45%0.00%0.00%0.00%0.00%0.00%1.77%

Stable Growth Model (Adjusted)

(USD in Millions except Per Share Data)
Net Income To Common (M)44,421.28
(-) Cash Dividends Paid (M)10,202.58
(=) Cash Retained (M)34,218.70
MetricLOWBASEHIGH
Required Retention Ratio20.0%12.5%7.5%
(=) Cash Required (M)8,884.265,552.663,331.60
Cash Retained (M)34,218.7034,218.7034,218.70
(-) Cash Required (M)-8,884.26-5,552.66-3,331.60
(=) Excess Retained (M)25,334.4428,666.0430,887.10
(/) Shares Outstanding (M)8,447.058,447.058,447.05
(=) Excess Retained per Share3.003.393.66
LTM Dividend per Share1.211.211.21
(+) Excess Retained per Share3.003.393.66
(=) Adjusted Dividend4.214.604.86
WACC / Discount Rate7.03%7.03%7.03%
Growth Rate5.50%6.50%7.50%
Fair Value$289.82$922.12$1,045.84
Upside / Downside753.92%2,616.91%2,981.44%

Multi-Stage Model: Projections

(USD in Millions)
MetricTTMDec-27Dec-28Dec-29Dec-30Dec-31Terminal
Net Income (M)44,421.2847,308.6650,383.7253,658.6657,146.4860,861.0062,686.83
Payout Ratio22.97%36.37%49.78%63.19%76.59%90.00%92.50%
Projected Dividends (M)10,202.5817,208.1525,081.3533,905.3643,770.5254,774.9057,985.32

Multi-Stage Valuation

MetricLOWBASEHIGH
WACC / Discount Rate7.03%7.03%7.03%
Growth Rate5.50%6.50%7.50%
Year 1 PV (M)15,926.7016,077.6616,228.63
Year 2 PV (M)21,484.9321,894.1522,307.24
Year 3 PV (M)26,880.8327,652.4928,438.77
Year 4 PV (M)32,117.9333,353.1034,623.55
Year 5 PV (M)37,199.6638,996.4140,861.94
PV of Terminal Value (M)976,820.731,024,001.541,072,988.07
Equity Value (M)1,110,430.781,161,975.351,215,448.19
Shares Outstanding (M)8,447.058,447.058,447.05
Fair Value$131.46$137.56$143.89
Upside / Downside287.32%305.30%323.95%

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