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Vestel Beyaz Esya Sanayi ve Ticaret

IBSE:VESBE
Snowflake Description

Undervalued with proven track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
VESBE
IBSE
TRY3B
Market Cap
  1. Home
  2. TR
  3. Consumer Durables
Company description

Vestel Beyaz Esya Sanayi ve Ticaret A.S. manufactures household appliances in Turkey, Europe, and internationally. The last earnings update was 55 days ago. More info.


Add to Portfolio Compare Print
  • Vestel Beyaz Esya Sanayi ve Ticaret has significant price volatility in the past 3 months.
VESBE Share Price and Events
7 Day Returns
2.9%
IBSE:VESBE
2.4%
TR Consumer Durables
4.7%
TR Market
1 Year Returns
-0.7%
IBSE:VESBE
-14.8%
TR Consumer Durables
22.1%
TR Market
VESBE Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Vestel Beyaz Esya Sanayi ve Ticaret (VESBE) 2.9% -22.7% -33.1% -0.7% 24% 15.7%
TR Consumer Durables 2.4% -25% -30.3% -14.8% -13.1% 16.4%
TR Market 4.7% -16.3% -11.7% 22.1% 40% 49.2%
1 Year Return vs Industry and Market
  • VESBE outperformed the Consumer Durables industry which returned -14.8% over the past year.
  • VESBE underperformed the Market in Turkey which returned 22.1% over the past year.
Price Volatility
VESBE
Industry
5yr Volatility vs Market

Value

 Is Vestel Beyaz Esya Sanayi ve Ticaret undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Vestel Beyaz Esya Sanayi ve Ticaret to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Vestel Beyaz Esya Sanayi ve Ticaret.

IBSE:VESBE Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Dividend Discount Model
Dividend Per Share Company Filings (2019-12-31) in TRY TRY 2.9500014285714
Payout Ratio Company Filings (2019-12-31) 6096.9%
Discount Rate (Cost of Equity) See below 18.8%
Perpetual Growth Rate 10-Year TR Government Bond Rate 8.6%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for IBSE:VESBE
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TR Govt Bond Rate 8.6%
Equity Risk Premium S&P Global 10%
Consumer Durables Unlevered Beta Simply Wall St/ S&P Global 0.72
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.716 (1 + (1- 22%) (28.39%))
1.017
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
1.02
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.6% + (1.017 * 10%)
18.77%

Discounted Cash Flow Calculation for IBSE:VESBE using Dividend Discount Model Model

The calculations below outline how an intrinsic value for Vestel Beyaz Esya Sanayi ve Ticaret is arrived at by discounting future dividends to their present value. This approach is used for finance firms where free cash flow is difficult to estimate (e.g. Banks/ Insurance firms).

If the firm does not pay the majority of its earnings out as a dividend this method will often arrive at a value significantly lower than the share price.

See our documentation to learn about this calculation.

IBSE:VESBE Gordon Growth Model
Calculation Result
Value per share = Expected dividends per share / (Discount Rate - Perpetual growth rate)
= TRY2.95 / (18.77% - 8.6%)
TRY29
IBSE:VESBE Discount to Share Price
Calculation Result
Value per share (TRY) From above. TRY29.00
Current discount Discount to share price of TRY16.20
= -1 x (TRY16.20 - TRY29.00) / TRY29.00
44.1%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Vestel Beyaz Esya Sanayi ve Ticaret is available for.
Intrinsic value
44%
Share price is TRY16.2 vs Future cash flow value of TRY29
Current Discount Checks
For Vestel Beyaz Esya Sanayi ve Ticaret to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Vestel Beyaz Esya Sanayi ve Ticaret's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Vestel Beyaz Esya Sanayi ve Ticaret's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Vestel Beyaz Esya Sanayi ve Ticaret's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Vestel Beyaz Esya Sanayi ve Ticaret's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
IBSE:VESBE PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in TRY TRY2.99
IBSE:VESBE Share Price ** IBSE (2020-04-06) in TRY TRY16.2
Turkey Consumer Durables Industry PE Ratio Median Figure of 9 Publicly-Listed Consumer Durables Companies 9.9x
Turkey Market PE Ratio Median Figure of 279 Publicly-Listed Companies 9.9x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Vestel Beyaz Esya Sanayi ve Ticaret.

IBSE:VESBE PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= IBSE:VESBE Share Price ÷ EPS (both in TRY)

= 16.2 ÷ 2.99

5.42x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Vestel Beyaz Esya Sanayi ve Ticaret is good value based on earnings compared to the TR Consumer Durables industry average.
  • Vestel Beyaz Esya Sanayi ve Ticaret is good value based on earnings compared to the Turkey market.
Price based on expected Growth
Does Vestel Beyaz Esya Sanayi ve Ticaret's expected growth come at a high price?
Raw Data
IBSE:VESBE PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 5.42x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts
8.5%per year
Asia Consumer Durables Industry PEG Ratio Median Figure of 103 Publicly-Listed Consumer Durables Companies 1.27x
Turkey Market PEG Ratio Median Figure of 56 Publicly-Listed Companies 0.46x

*Line of best fit is calculated by linear regression .

IBSE:VESBE PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 5.42x ÷ 8.5%

0.64x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Vestel Beyaz Esya Sanayi ve Ticaret is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Vestel Beyaz Esya Sanayi ve Ticaret's assets?
Raw Data
IBSE:VESBE PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in TRY TRY9.51
IBSE:VESBE Share Price * IBSE (2020-04-06) in TRY TRY16.2
Turkey Consumer Durables Industry PB Ratio Median Figure of 11 Publicly-Listed Consumer Durables Companies 1.38x
Turkey Market PB Ratio Median Figure of 371 Publicly-Listed Companies 1.36x
IBSE:VESBE PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= IBSE:VESBE Share Price ÷ Book Value per Share (both in TRY)

= 16.2 ÷ 9.51

1.7x

* Primary Listing of Vestel Beyaz Esya Sanayi ve Ticaret.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Vestel Beyaz Esya Sanayi ve Ticaret is overvalued based on assets compared to the TR Consumer Durables industry average.
X
Value checks
We assess Vestel Beyaz Esya Sanayi ve Ticaret's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Consumer Durables industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Consumer Durables industry average (and greater than 0)? (1 check)
  5. Vestel Beyaz Esya Sanayi ve Ticaret has a total score of 5/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

 How is Vestel Beyaz Esya Sanayi ve Ticaret expected to perform in the next 1 to 3 years based on estimates from 3 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
8.5%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Vestel Beyaz Esya Sanayi ve Ticaret expected to grow at an attractive rate?
  • Vestel Beyaz Esya Sanayi ve Ticaret's earnings growth is positive but not above the low risk savings rate of 8.6%.
Growth vs Market Checks
  • Vestel Beyaz Esya Sanayi ve Ticaret's earnings growth is positive but not above the Turkey market average.
  • Vestel Beyaz Esya Sanayi ve Ticaret's revenue growth is positive but not above the Turkey market average.
Annual Growth Rates Comparison
Raw Data
IBSE:VESBE Future Growth Rates Data Sources
Data Point Source Value (per year)
IBSE:VESBE Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 3 Analysts 8.5%
IBSE:VESBE Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 3 Analysts 10.6%
Asia Consumer Durables Industry Earnings Growth Rate Market Cap Weighted Average 12.9%
Asia Consumer Durables Industry Revenue Growth Rate Market Cap Weighted Average 7.9%
Turkey Market Earnings Growth Rate Market Cap Weighted Average 19.3%
Turkey Market Revenue Growth Rate Market Cap Weighted Average 13.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
IBSE:VESBE Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
All numbers in TRY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
IBSE:VESBE Future Estimates Data
Date (Data in TRY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 11,984 907 2
2023-12-31 11,007 845 2
2022-12-31 10,161 870 757 3
2021-12-31 9,089 688 712 3
2020-12-31 7,991 707 677 2
2020-04-06
IBSE:VESBE Past Financials Data
Date (Data in TRY Millions) Revenue Cash Flow Net Income *
2019-12-31 6,968 618 568
2019-09-30 6,792 495 604
2019-06-30 6,474 1,017 722
2019-03-31 6,026 1,140 622
2018-12-31 5,694 1,083 623
2018-09-30 4,926 1,551 549
2018-06-30 4,536 1,106 373
2018-03-31 4,222 909 307
2017-12-31 3,858 656 295
2017-09-30 3,740 16 250
2017-06-30 3,352 10 270
2017-03-31 3,109 180 332

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Vestel Beyaz Esya Sanayi ve Ticaret's earnings are expected to grow by 8.5% yearly, however this is not considered high growth (20% yearly).
  • Vestel Beyaz Esya Sanayi ve Ticaret's revenue is expected to grow by 10.6% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
IBSE:VESBE Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below

All data from Vestel Beyaz Esya Sanayi ve Ticaret Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

IBSE:VESBE Future Estimates Data
Date (Data in TRY Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 4.00 4.29 3.70 2.00
2021-12-31 3.76 3.99 3.60 3.00
2020-12-31 3.54 3.77 3.30 2.00
2020-04-06
IBSE:VESBE Past Financials Data
Date (Data in TRY Millions) EPS *
2019-12-31 2.99
2019-09-30 3.18
2019-06-30 3.80
2019-03-31 3.27
2018-12-31 3.28
2018-09-30 2.89
2018-06-30 1.97
2018-03-31 1.62
2017-12-31 1.55
2017-09-30 1.32
2017-06-30 1.42
2017-03-31 1.75

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Vestel Beyaz Esya Sanayi ve Ticaret is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Vestel Beyaz Esya Sanayi ve Ticaret's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Asia market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Asia market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Vestel Beyaz Esya Sanayi ve Ticaret has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

  How has Vestel Beyaz Esya Sanayi ve Ticaret performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Vestel Beyaz Esya Sanayi ve Ticaret's growth in the last year to its industry (Consumer Durables).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Vestel Beyaz Esya Sanayi ve Ticaret has delivered over 20% year on year earnings growth in the past 5 years.
  • Vestel Beyaz Esya Sanayi ve Ticaret's 1-year earnings growth is negative, it can't be compared to the 5-year average.
  • Vestel Beyaz Esya Sanayi ve Ticaret's 1-year earnings growth is negative, it can't be compared to the TR Consumer Durables industry average.
Earnings and Revenue History
Vestel Beyaz Esya Sanayi ve Ticaret's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Vestel Beyaz Esya Sanayi ve Ticaret Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

IBSE:VESBE Past Revenue, Cash Flow and Net Income Data
Date (Data in TRY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 6,967.96 568.07 149.56 58.02
2019-09-30 6,792.47 604.22 150.57 53.76
2019-06-30 6,474.10 722.05 142.81 51.06
2019-03-31 6,026.06 621.56 137.16 47.79
2018-12-31 5,693.97 622.56 129.76 45.49
2018-09-30 4,926.33 549.37 122.63 43.11
2018-06-30 4,536.44 373.48 111.25 40.73
2018-03-31 4,221.77 306.90 102.85 39.43
2017-12-31 3,857.76 295.23 97.54 36.96
2017-09-30 3,739.73 250.25 90.77 35.94
2017-06-30 3,351.98 269.79 89.41 32.67
2017-03-31 3,109.01 332.42 87.29 30.68
2016-12-31 3,037.02 325.01 89.19 30.62
2016-09-30 2,851.78 358.61 93.89 25.70
2016-06-30 2,855.26 303.33 92.76 25.48
2016-03-31 2,663.73 228.61 90.80 25.86
2015-12-31 2,524.07 163.90 86.53 25.67
2015-09-30 2,400.39 116.47 82.26 27.53
2015-06-30 2,316.14 103.94 81.61 26.76
2015-03-31 2,301.47 90.01 79.36 27.12
2014-12-31 2,337.14 131.18 79.14 27.12
2014-09-30 2,207.68 111.40 74.68 27.65
2014-06-30 2,089.84 106.69 71.69 26.85
2014-03-31 2,067.92 81.27 66.59 25.84
2013-12-31 2,028.70 52.69 69.35 24.96
2013-09-30 2,029.74 31.11 64.72 24.25
2013-06-30 2,025.01 -8.64 65.42 23.48

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Vestel Beyaz Esya Sanayi ve Ticaret has efficiently used shareholders’ funds last year (Return on Equity greater than 20%).
  • Vestel Beyaz Esya Sanayi ve Ticaret used its assets more efficiently than the TR Consumer Durables industry average last year based on Return on Assets.
  • Vestel Beyaz Esya Sanayi ve Ticaret has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Vestel Beyaz Esya Sanayi ve Ticaret's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Consumer Durables industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Vestel Beyaz Esya Sanayi ve Ticaret has a total score of 4/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is Vestel Beyaz Esya Sanayi ve Ticaret's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Vestel Beyaz Esya Sanayi ve Ticaret's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Vestel Beyaz Esya Sanayi ve Ticaret is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Vestel Beyaz Esya Sanayi ve Ticaret's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Vestel Beyaz Esya Sanayi ve Ticaret's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is covered by short term assets, assets are 3.9x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Vestel Beyaz Esya Sanayi ve Ticaret Company Filings, last reported 3 months ago.

IBSE:VESBE Past Debt and Equity Data
Date (Data in TRY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 1,806.23 807.98 121.93
2019-09-30 1,689.52 713.15 61.47
2019-06-30 1,561.38 1,006.81 74.66
2019-03-31 1,896.72 873.35 95.41
2018-12-31 1,811.58 783.37 122.88
2018-09-30 1,654.17 888.83 73.70
2018-06-30 1,005.75 624.31 129.56
2018-03-31 1,085.63 730.26 140.39
2017-12-31 1,012.14 693.33 75.44
2017-09-30 920.49 682.00 12.73
2017-06-30 846.39 662.10 17.64
2017-03-31 982.09 371.15 9.16
2016-12-31 919.93 435.97 15.75
2016-09-30 867.39 332.62 40.56
2016-06-30 783.70 317.83 24.04
2016-03-31 773.47 333.54 10.65
2015-12-31 714.27 220.93 100.22
2015-09-30 627.76 342.44 94.54
2015-06-30 591.47 336.04 109.64
2015-03-31 673.89 260.61 7.18
2014-12-31 662.56 261.34 163.71
2014-09-30 648.06 145.69 175.20
2014-06-30 600.67 331.68 2.06
2014-03-31 582.86 344.02 3.95
2013-12-31 540.80 292.02 18.58
2013-09-30 512.25 471.99 37.10
2013-06-30 503.46 528.35 4.24
  • Vestel Beyaz Esya Sanayi ve Ticaret's level of debt (44.7%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (39.4% vs 44.7% today).
  • Debt is well covered by operating cash flow (76.5%, greater than 20% of total debt).
  • Vestel Beyaz Esya Sanayi ve Ticaret earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Vestel Beyaz Esya Sanayi ve Ticaret's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Vestel Beyaz Esya Sanayi ve Ticaret has a total score of 4/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

 What is Vestel Beyaz Esya Sanayi ve Ticaret's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Vestel Beyaz Esya Sanayi ve Ticaret dividends. Estimated to be 18.21% next year.
If you bought TRY2,000 of Vestel Beyaz Esya Sanayi ve Ticaret shares you are expected to receive TRY0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Vestel Beyaz Esya Sanayi ve Ticaret's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Vestel Beyaz Esya Sanayi ve Ticaret's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
IBSE:VESBE Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 3 Analyst Estimates (S&P Global) See Below
Asia Consumer Durables Industry Average Dividend Yield Market Cap Weighted Average of 258 Stocks 2.5%
Turkey Market Average Dividend Yield Market Cap Weighted Average of 68 Stocks 7%
Turkey Minimum Threshold Dividend Yield 10th Percentile 1.4%
Turkey Bottom 25% Dividend Yield 25th Percentile 2.8%
Turkey Top 25% Dividend Yield 75th Percentile 8.1%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

IBSE:VESBE Future Dividends Estimate Data
Date (Data in TRY) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 3.15 2.00
2021-12-31 2.99 3.00
2020-12-31 2.70 2.00
2020-04-06
IBSE:VESBE Past Annualized Dividends Data
Date (Data in TRY) Dividend per share (annual) Avg. Yield (%)
2013-11-01 0.000 0.000
2013-07-31 0.000 0.000
2013-04-26 0.000 0.000
2012-11-01 0.000 0.000
2012-08-15 0.000 0.000
2012-05-04 0.000 0.000
2012-03-07 0.000 0.000
2011-05-02 0.118 5.492
2011-03-09 0.118 3.944
2010-03-05 0.539 14.789

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Vestel Beyaz Esya Sanayi ve Ticaret has not reported any payouts.
  • Unable to verify if Vestel Beyaz Esya Sanayi ve Ticaret's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Vestel Beyaz Esya Sanayi ve Ticaret's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Vestel Beyaz Esya Sanayi ve Ticaret has not reported any payouts.
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Vestel Beyaz Esya Sanayi ve Ticaret's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.4%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Vestel Beyaz Esya Sanayi ve Ticaret afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Vestel Beyaz Esya Sanayi ve Ticaret has a total score of 1/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

 What is the CEO of Vestel Beyaz Esya Sanayi ve Ticaret's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Enis Erdogan
AGE 64
CEO Bio

Mr. Enis Turan Erdogan serves as Chief Executive Officer of Vestel Elektronik Sanayi Ve Ticaret AS and has been its Chairman of the Executive Committee since January 1, 2013. Mr. Erdogan has been Managing Director of Vestel Foreign Trade at Vestel Elektronik Sanayi Ve Ticaret AS since 1988. He served as Vice Chairman at Vestel Elektronik Sanayi Ve Ticaret AS. Mr. Erdogan served as Executive Director of Vestel Elektronik Sanayi Ve Ticaret AS. and Vestel Beyaz Esya Sanayi ve Ticaret A.S. He graduated from Istanbul Technical University, Department of Mechanical Engineering in 1976 and completed a Master's degree in Production Management at Brunel University (England) in 1980.

CEO Compensation
  • Insufficient data for Enis to compare compensation growth.
  • Insufficient data for Enis to establish whether their remuneration is reasonable compared to companies of similar size in .
Management Team

Enis Erdogan

TITLE
Chief Executive Officer
AGE
64

Alp Dayi

TITLE
Chief Financial Officer of the Vestel Group of Companies
AGE
56

Serap Mutlu

TITLE
Investor Relations Director

Bekir Köksal

TITLE
Member of Executive Committee
AGE
52

Necmi Kavusturan

TITLE
Member of Executive Committee
AGE
63

Erdal Haspolat

TITLE
General Manager
AGE
49
Board of Directors Tenure

Average tenure and age of the Vestel Beyaz Esya Sanayi ve Ticaret board of directors in years:

2.3
Average Tenure
54
Average Age
  • The average tenure for the Vestel Beyaz Esya Sanayi ve Ticaret board of directors is less than 3 years, this suggests a new board.
Board of Directors

Ahmet Zorlu

TITLE
Chairman of the Board
AGE
75

Elmas Araz

TITLE
Vice Chairman
AGE
71
TENURE
2.3 yrs

Bekir Agirdir

TITLE
Independent Director
AGE
63
TENURE
2.3 yrs

Olgun Zorlu

TITLE
Non-Executive Director
AGE
54
TENURE
22.3 yrs

Sule Cümbüs

TITLE
Non-Executive Director
AGE
43

Aysegül Ildeniz

TITLE
Independent Director
AGE
50
TENURE
2.3 yrs

Selen Melik

TITLE
Director
AGE
44
TENURE
1.3 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (TRY) Value (TRY)
X
Management checks
We assess Vestel Beyaz Esya Sanayi ve Ticaret's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Vestel Beyaz Esya Sanayi ve Ticaret has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Company Info

Description

Vestel Beyaz Esya Sanayi ve Ticaret A.S. manufactures household appliances in Turkey, Europe, and internationally. It produces refrigerators, room air conditioning units, washing machines, cookers, dishwashers, and water heaters. The company was founded in 1997 and is headquartered in Istanbul, Turkey. Vestel Beyaz Esya Sanayi ve Ticaret A.S. is a subsidiary of Vestel Elektronik Sanayi ve Ticaret A.S.

Details
Name: Vestel Beyaz Esya Sanayi ve Ticaret A.S.
VESBE
Exchange: IBSE
Founded: 1997
TRY3,078,000,000
190,000,000
Website: http://vesbe.vestelinvestorrelations.com
Address: Vestel Beyaz Esya Sanayi ve Ticaret A.S.
Levent 199,
Büyükdere Caddesi No: 199,
Istanbul,
34394,
Turkey
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
IBSE VESBE Ordinary Shares Borsa Istanbul (BIST) TR TRY 21. Apr 2006
Number of employees
Current staff
Staff numbers
7,874
Vestel Beyaz Esya Sanayi ve Ticaret employees.
Industry
Household Appliances
Consumer Durables
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/06 20:13
End of day share price update: 2020/04/06 00:00
Last estimates confirmation: 2020/02/14
Last earnings filing: 2020/02/11
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.