Discounted Cash Flow Calculation for IBSE:SAHOL using Excess Returns Model Model
The calculations below outline how an intrinsic value for Haci Ömer Sabanci Holding is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.
In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.
The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.
The current share price of
Haci Ömer Sabanci Holding
is above its future cash flow value.
Often investors are willing to pay a
for a company that has a high dividend or the potential for future growth.
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
Haci Ömer Sabanci Holding's
is considered below, and whether this is a fair price.
Price based on past earnings
Haci Ömer Sabanci Holding's earnings available for a low price, and how does
this compare to other companies in the same industry?
Haci Ömer Sabanci Holding's earnings are expected to grow by 17.9% yearly, however this is not considered high growth (20% yearly).
Haci Ömer Sabanci Holding's revenue is expected to grow significantly at over 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.
Haci Ömer Sabanci Holding's performance over the past 5 years by checking for:
Has earnings increased in past 5 years? (1 check)
Has the earnings growth in the last year exceeded that of the
industry? (1 check)
Is the recent earnings growth over the last year higher than the average annual growth over the
past 5 years? (1 check)
Is the Return on Equity (ROE) higher than 20%? (1 check)
Is the Return on Assets (ROA) above industry average? (1 check)
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.
Haci Ömer Sabanci Holding
has a total score of
1/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
A company's financial position is much like your own financial position,
it includes everything you own
The boxes below represent the relative size of what makes up
Haci Ömer Sabanci Holding's finances.
The net worth of a company is the difference between its assets and liabilities.
Haci Ömer Sabanci Holding's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
Haci Ömer Sabanci Holding's cash and other short term assets cover its long term commitments.
This treemap shows a more detailed breakdown of
Haci Ömer Sabanci Holding'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
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
Low level of unsold assets.
Debt is covered by short term assets, assets are 1.1x debt.
Nearly all companies have debt. Debt in itself isn’t
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.
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.
Mr. Cenk Alper serves as Chief Executive Officer & Director at Haci Ömer Sabanci Holding AS and also has been it Industry President since April 1, 2017. Mr. Alper served as the Chief Executive Officer and President at Kordsa Global Endüstriyel Iplik ve Kord Bezi Sanayi ve Ticaret A.S. from June 17, 2013 to April 04, 2017 and served as its Vice President of Operations since October 2010. Mr. Alper served as the Vice President of Technology & Market Development at Kordsa Global Endüstriyel Iplik ve Kord Bezi Sanayi ve Ticaret A.S. from 2009 to 2010 and served as its Chief Technology Officer since 2007. He had been the President Commissioner of PT. Indo Kordsa Tbk from June 25, 2015 to June 6, 2017 and served as its Vice President Commissioner since June 5, 2013. He served as Commissioner of PT. Indo Kordsa Tbk from 2012 to June 06, 2017. He served as a Director for PT. Indo Kordsa Tbk since 2007. He started his business career at Beksa as a process engineer and served in different managerial levels in their Technology and Production Departments. In 2002, he served as a Project Director at the Technology Center of Bekaert Belgium. In Tennessee he also worked as Technical Director responsible for North and South America Factories. Mr. Alper consequently returned from Belgium as Kordsa Global's New Products Development Director at the Technology Center. He has been Chairman at Brisa Bridgestone Sabanci Lastik Sanayi ve Ticaret AS since June 20, 2017. He has been Chairman at Kordsa Global Endüstriyel Iplik ve Kord Bezi Sanayi ve Ticaret A.S. since April 04, 2017. He has been a Director at Brisa Bridgestone Sabanci Lastik Sanayi ve Ticaret AS since June 20, 2017. He served Director of Enerjisa Üretim Santralleri A.S. until 2020. He served as a Director of Enerjisa Enerji A.S. He holds a BSc degree in Mechanical Engineering from Middle East Technical University in 1991 and MS degree in Mechanical Engineering from the same University in 1994. He holds an MBA from Sabanci University in 2002.
Insufficient data for Cenk to compare compensation growth.
Insufficient data for Cenk to establish whether their remuneration is reasonable compared to companies of similar size in .
Chairman & MD
CEO, Director & Industry President
Chief Financial Officer
Head of Financial Affairs
Director of Risk & Compliance
Director of Corporate Communication
Human Resources Group President
President of Cement
President of restructured Insurance Group
Head of Audit
Board of Directors
Chairman & MD
CEO, Director & Industry President
Suzan Sabanci Dinçer
Who owns this company?
Recent Insider Trading
No 3 month open market individual insider trading information.
Haci Ömer Sabanci Holding A.S. operates primarily in the finance, manufacturing, and trading sectors worldwide. It operates through Banking, Industry, Retail, Cement, and Other segments. The company offers corporate and investment, private, commercial, SME, retail, and international banking services, as well as payment systems, treasury transactions, and insurance brokerage services; and asset management and financial leasing services. It serves through a network of head office, 771 branches, 5,100 ATMs, and 600,000 POS terminals, as well as Internet and mobile banking services, and call center. The company also retails food and non-food products through a network of 634 stores, including 30 hypermarkets, 370 supermarkets, 25 gourmets, 208 mini markets, and 1 franchise market. In addition, it is involved in the retail of technology products through a network of 200 stores, as well as teknosa.com and a mobile application. Further, the company offers white and grey cement products; and clinker and ready-mixed concrete products. Additionally, it provides tire, construction reinforcement, and composite technologies; and buses, trucks, agricultural, and construction vehicles. The company also offers life and non-life insurance products, and pension products; textile products, tourism services, and information technology solutions; sells and services Mitsubishi Motors passenger and commercial vehicles, and spare parts; and distributes construction vehicles, heavy vehicles, and industrial products, as well as operates hotels. In addition, it engages in the electricity production, distribution, selling, and trading business with 3,607 MW installed capacity through hydroelectric, wind, natural gas, solar, and lignite sources. Haci Ömer Sabanci Holding A.S. was founded in 1967 and is headquartered in Istanbul, Turkey.
Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. 337927). Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. Please read our Financial Services Guide before deciding whether to obtain financial services from us.