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Aksigorta

IBSE:AKGRT
Snowflake Description

Proven track record with adequate balance sheet.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
AKGRT
IBSE
TRY1B
Market Cap
  1. Home
  2. TR
  3. Insurance
Company description

Aksigorta A.S. provides various non-life insurance products and services to retail and corporate customers in Turkey. The last earnings update was 70 days ago. More info.


Add to Portfolio Compare Print
  • Aksigorta has significant price volatility in the past 3 months.
AKGRT Share Price and Events
7 Day Returns
3.8%
IBSE:AKGRT
2.1%
TR Insurance
9.9%
TR Market
1 Year Returns
2.9%
IBSE:AKGRT
22.5%
TR Insurance
32.2%
TR Market
AKGRT Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Aksigorta (AKGRT) 3.8% -25.5% -24.4% 2.9% 72.2% 111.4%
TR Insurance 2.1% -16.2% -7.2% 22.5% 37.3% 65.7%
TR Market 9.9% -3.9% -10.5% 32.2% 46.8% 61.5%
1 Year Return vs Industry and Market
  • AKGRT underperformed the Insurance industry which returned 22.5% over the past year.
  • AKGRT underperformed the Market in Turkey which returned 32.2% over the past year.
Price Volatility
AKGRT
Industry
5yr Volatility vs Market

AKGRT Value

 Is Aksigorta 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 Aksigorta 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 Aksigorta.

IBSE:AKGRT Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= TRY1.92 * 27%
TRY0.52
Book Value of Equity per Share Median Book Value from the past 5 years. TRY1.92
Discount Rate (Cost of Equity) See below 16.9%
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:AKGRT
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TR Govt Bond Rate 8.6%
Equity Risk Premium S&P Global 10%
Insurance Unlevered Beta Simply Wall St/ S&P Global 0.71
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.708 (1 + (1- 22%) (6.36%))
0.828
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.83
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.6% + (0.828 * 10%)
16.88%

Discounted Cash Flow Calculation for IBSE:AKGRT using Excess Returns Model Model

The calculations below outline how an intrinsic value for Aksigorta 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.

Note the calculations below are per share.

See our documentation to learn about this calculation.

IBSE:AKGRT Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (27% – 16.88%) * TRY1.92)
TRY0.19
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= TRY0.19 / (16.88% - 8.6%)
TRY2.34
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= TRY1.92 + TRY2.34
TRY4.26
IBSE:AKGRT Discount to Share Price
Calculation Result
Value per share (TRY) From above. TRY4.26
Current discount Discount to share price of TRY4.65
= -1 x (TRY4.65 - TRY4.26) / TRY4.26
-9.2%

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

  • The current share price of Aksigorta is above its future cash flow value.
Often investors are willing to pay a premium 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 Aksigorta's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Aksigorta's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
IBSE:AKGRT PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in TRY TRY1.20
IBSE:AKGRT Share Price ** IBSE (2020-04-09) in TRY TRY4.65
Turkey Insurance Industry PE Ratio Median Figure of 7 Publicly-Listed Insurance Companies 6.44x
Turkey Market PE Ratio Median Figure of 279 Publicly-Listed Companies 10.48x

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

** Primary Listing of Aksigorta.

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

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

= 4.65 ÷ 1.20

3.88x

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

  • Aksigorta is good value based on earnings compared to the TR Insurance industry average.
  • Aksigorta is good value based on earnings compared to the Turkey market.
Price based on expected Growth
Does Aksigorta's expected growth come at a high price?
Raw Data
IBSE:AKGRT PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 3.88x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts
1.6%per year
Asia Insurance Industry PEG Ratio Median Figure of 52 Publicly-Listed Insurance Companies 1.15x
Turkey Market PEG Ratio Median Figure of 56 Publicly-Listed Companies 0.49x

*Line of best fit is calculated by linear regression .

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

= PE Ratio ÷ Net Income Annual Growth Rate

= 3.88x ÷ 1.6%

2.36x

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

  • Aksigorta is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Aksigorta's assets?
Raw Data
IBSE:AKGRT PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in TRY TRY2.94
IBSE:AKGRT Share Price * IBSE (2020-04-09) in TRY TRY4.65
Turkey Insurance Industry PB Ratio Median Figure of 7 Publicly-Listed Insurance Companies 1.75x
Turkey Market PB Ratio Median Figure of 371 Publicly-Listed Companies 1.4x
IBSE:AKGRT PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 4.65 ÷ 2.94

1.58x

* Primary Listing of Aksigorta.

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

  • Aksigorta is good value based on assets compared to the TR Insurance industry average.
X
Value checks
We assess Aksigorta'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 Insurance 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 Insurance industry average (and greater than 0)? (1 check)
  5. Aksigorta has a total score of 3/6, 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.

AKGRT Future Performance

 How is Aksigorta expected to perform in the next 1 to 3 years based on estimates from 1 analyst?

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
1.6%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Aksigorta expected to grow at an attractive rate?
  • Aksigorta's earnings growth is positive but not above the low risk savings rate of 8.6%.
Growth vs Market Checks
  • Aksigorta's earnings growth is positive but not above the Turkey market average.
  • Aksigorta's revenue growth is expected to exceed the Turkey market average.
Annual Growth Rates Comparison
Raw Data
IBSE:AKGRT Future Growth Rates Data Sources
Data Point Source Value (per year)
IBSE:AKGRT Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 1 Analysts 1.6%
IBSE:AKGRT Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 1 Analysts 16.2%
Asia Insurance Industry Earnings Growth Rate Market Cap Weighted Average 6.8%
Asia Insurance Industry Revenue Growth Rate Market Cap Weighted Average -0.8%
Turkey Market Earnings Growth Rate Market Cap Weighted Average 19.3%
Turkey Market Revenue Growth Rate Market Cap Weighted Average 13%

*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:AKGRT Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 1 Analyst Estimates (S&P Global) See Below
All numbers in TRY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
IBSE:AKGRT Future Estimates Data
Date (Data in TRY Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31 379
2023-12-31 420
2022-12-31 4,441 416 1
2021-12-31 3,859 392 1
2020-12-31 3,354 374 1
2020-04-09
IBSE:AKGRT Past Financials Data
Date (Data in TRY Millions) Revenue Cash Flow Net Income *
2019-12-31 2,675 549 366
2019-09-30 2,593 94 321
2019-06-30 2,391 146 300
2019-03-31 2,326 192 255
2018-12-31 2,176 343 228
2018-09-30 1,976 393 206
2018-06-30 1,786 405 158
2018-03-31 1,589 402 154
2017-12-31 1,464 337 127
2017-09-30 1,388 196 126
2017-06-30 1,337 149 128
2017-03-31 1,261 9 84

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Aksigorta's earnings are expected to grow by 1.6% yearly, however this is not considered high growth (20% yearly).
  • Aksigorta's revenue is expected to grow by 16.2% 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:AKGRT 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 1 Analyst Estimates (S&P Global) See Below

All data from Aksigorta Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

IBSE:AKGRT 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 1.36 1.36 1.36 1.00
2021-12-31 1.28 1.28 1.28 1.00
2020-12-31 1.22 1.22 1.22 1.00
2020-04-09
IBSE:AKGRT Past Financials Data
Date (Data in TRY Millions) EPS *
2019-12-31 1.20
2019-09-30 1.05
2019-06-30 0.98
2019-03-31 0.83
2018-12-31 0.74
2018-09-30 0.67
2018-06-30 0.52
2018-03-31 0.50
2017-12-31 0.41
2017-09-30 0.41
2017-06-30 0.42
2017-03-31 0.27

*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.
  • Aksigorta is expected to efficiently use shareholders’ funds in the future (Return on Equity greater than 20%).
X
Future performance checks
We assess Aksigorta'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.
Aksigorta has a total score of 2/6, 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.

AKGRT Past Performance

  How has Aksigorta 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 Aksigorta's growth in the last year to its industry (Insurance).
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.
  • Aksigorta has delivered over 20% year on year earnings growth in the past 5 years.
  • Aksigorta's 1-year earnings growth is less than its 5-year average (61% vs 63.8%)
  • Aksigorta's earnings growth has not exceeded the TR Insurance industry average in the past year (61% vs 61%).
Earnings and Revenue History
Aksigorta'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 Aksigorta Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

IBSE:AKGRT 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 2,675.30 366.36 512.96
2019-09-30 2,593.37 321.49 476.18
2019-06-30 2,391.16 299.80 457.49
2019-03-31 2,326.24 254.62 442.92
2018-12-31 2,176.23 227.62 431.34
2018-09-30 1,976.40 206.28 426.24
2018-06-30 1,785.55 158.40 400.54
2018-03-31 1,589.29 154.22 378.67
2017-12-31 1,463.51 126.99 354.55
2017-09-30 1,387.59 125.96 329.55
2017-06-30 1,336.60 127.64 322.41
2017-03-31 1,261.39 83.88 310.38
2016-12-31 1,206.71 57.15 304.62
2016-09-30 1,163.59 -9.47 305.09
2016-06-30 1,147.06 -12.25 301.98
2016-03-31 1,209.13 1.58 309.61
2015-12-31 1,261.73 -135.95 333.34
2015-09-30 1,273.45 -112.00 338.58
2015-06-30 1,325.45 -121.17 346.72
2015-03-31 1,316.74 -127.52 347.09
2014-12-31 1,284.61 30.61 325.16
2014-09-30 1,246.26 49.91 320.19
2014-06-30 1,177.36 -37.00 309.23
2014-03-31 1,127.10 167.62 298.24
2013-12-31 1,069.49 159.78 287.42
2013-09-30 1,040.83 164.58 276.10
2013-06-30 1,015.46 155.77 265.89

*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.
  • Aksigorta made outstanding use of shareholders’ funds last year (Return on Equity greater than 40%).
  • Aksigorta used its assets more efficiently than the TR Insurance industry average last year based on Return on Assets.
  • Aksigorta has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Aksigorta'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 Insurance 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.
Aksigorta 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.

AKGRT Health

 How is Aksigorta'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 Aksigorta's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Aksigorta is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Aksigorta's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Aksigorta'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.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 73.6x 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 Aksigorta Company Filings, last reported 3 months ago.

IBSE:AKGRT Past Debt and Equity Data
Date (Data in TRY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 898.67 60.78 3,162.71
2019-09-30 788.78 0.00 2,759.05
2019-06-30 686.14 239.10 2,793.42
2019-03-31 585.93 0.00 2,357.43
2018-12-31 717.96 49.95 2,333.32
2018-09-30 682.58 0.00 2,197.92
2018-06-30 546.65 0.00 1,927.52
2018-03-31 570.61 0.00 1,809.10
2017-12-31 629.10 0.00 1,720.53
2017-09-30 587.11 0.00 693.01
2017-06-30 467.19 40.02 1,434.13
2017-03-31 430.90 77.26 1,344.75
2016-12-31 493.90 30.03 1,196.24
2016-09-30 357.54 57.79 1,210.46
2016-06-30 339.95 20.09 1,117.32
2016-03-31 346.37 141.23 1,159.67
2015-12-31 348.64 137.46 1,081.13
2015-09-30 374.56 117.04 1,106.70
2015-06-30 354.87 0.00 1,123.08
2015-03-31 344.01 0.00 1,101.56
2014-12-31 507.98 0.00 960.15
2014-09-30 505.22 0.00 1,130.53
2014-06-30 494.63 0.00 962.49
2014-03-31 549.63 0.00 960.43
2013-12-31 532.69 0.00 953.68
2013-09-30 516.96 0.00 956.23
2013-06-30 495.31 0.00 832.38
  • Aksigorta's level of debt (6.8%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Aksigorta's debt level has increased without past 5-year debt data.
  • Debt is well covered by operating cash flow (902.5%, greater than 20% of total debt).
  • Unable to confirm if the interest payments on Aksigorta's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Aksigorta'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. Aksigorta 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.

AKGRT Dividends

 What is Aksigorta'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 Aksigorta dividends. Estimated to be 20.79% next year.
If you bought TRY2,000 of Aksigorta 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 Aksigorta's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Aksigorta'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:AKGRT 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 1 Analyst Estimates (S&P Global) See Below
Asia Insurance Industry Average Dividend Yield Market Cap Weighted Average of 202 Stocks 3.1%
Turkey Market Average Dividend Yield Market Cap Weighted Average of 68 Stocks 6.8%
Turkey Minimum Threshold Dividend Yield 10th Percentile 1.4%
Turkey Bottom 25% Dividend Yield 25th Percentile 2.7%
Turkey Top 25% Dividend Yield 75th Percentile 7.7%

Industry and Market average data is calculated daily.

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

IBSE:AKGRT Future Dividends Estimate Data
Date (Data in TRY) Dividend per Share (annual) Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31 1.02 1.00
2021-12-31 0.96 1.00
2020-12-31 0.92 1.00
2020-04-09
IBSE:AKGRT Past Annualized Dividends Data
Date (Data in TRY) Dividend per share (annual) Avg. Yield (%)
2018-02-12 0.360 9.172
2016-10-19 0.000 0.000
2016-08-11 0.000 0.000
2016-08-04 0.000 0.000
2016-04-22 0.000 0.000
2016-04-21 0.000 0.000
2016-02-12 0.000 0.000
2015-02-16 0.078 4.080
2014-02-18 0.198 7.086
2013-11-01 0.150 5.311
2013-07-31 0.150 5.925
2013-03-13 0.146 6.027
2012-08-29 0.090 4.285
2012-03-15 0.090 4.674
2012-03-14 0.090 4.989
2011-08-17 0.000 0.000
2011-08-12 0.000 0.000
2011-03-11 0.000 0.000
2010-04-30 0.100 4.926
2010-03-12 0.100 4.778

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

  • Unable to perform a dividend volatility check as Aksigorta has not reported any payouts.
  • Unable to verify if Aksigorta's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Aksigorta's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Aksigorta 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 Aksigorta'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 Aksigorta afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Aksigorta 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.

AKGRT Management

 What is the CEO of Aksigorta'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
Ugur Gülen
TENURE AS CEO 10.9 years
CEO Bio

Mr. Ugur Gülen serves as Director at Teknosa Iç ve Dis Ticaret Anonim Sirketi. Mr. Gülen has been the Chief Executive Officer of Aksigorta AS ("Aksigorta") since May 1, 2009 and serves as its Board Member & General Manager. Mr. Gülen began his career in 1991 before going on to work in various positions at Interbank, Denizbank, Ak Internet and MNG Bank. He served at AK Emeklilik A. ve AvivaSA Emeklilik ve Hayat A from 2004 to 2009 as an Assistant General Manager responsible for Sales and Bank Insurance. He has been the General Manager and a Executive Board Member at Aksigorta since May 2009. Mr. Gülen graduated with bachelor’s and master’s degrees at the Department of Industrial Engineering at METU.

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

Average tenure of the Aksigorta management team in years:

3.3
Average Tenure
  • The tenure for the Aksigorta management team is about average.
Management Team

Ugur Gülen

TITLE
GM, Member of Executive Board & Director
TENURE
10.9 yrs

Osman Akkoca

TITLE
Assistant GM of Financial Affairs & Member of Executive Board
TENURE
3.3 yrs

Fahri Altingöz

TITLE
Assistant GM of Corporate Technical
TENURE
14.3 yrs

Metin Demirel

TITLE
Assistant Manager of Technology
TENURE
5.3 yrs

Aysegül Gürkale

TITLE
Assistant GM of Human Resources
TENURE
2.7 yrs

Soner Akkaya

TITLE
Assistant GM of Claims Customer Experience & Member of the Executive Board
TENURE
3.3 yrs

Tolga Tezbasaran

TITLE
Assistant General Manager of Retail Sales & Health and Member of Executive Board
TENURE
3.4 yrs

Esra Öge

TITLE
Assistant General Manager
TENURE
1.8 yrs

Seza Özgür

TITLE
Accounting Manager

Elif Horasan

TITLE
Financial Control Department Manager & Investor Relations Head
Board of Directors Tenure

Average tenure and age of the Aksigorta board of directors in years:

3.3
Average Tenure
57
Average Age
  • The tenure for the Aksigorta board of directors is about average.
Board of Directors

Haluk Dinçer

TITLE
Chairman of the Board
AGE
57
TENURE
8.8 yrs

Ugur Gülen

TITLE
GM, Member of Executive Board & Director
TENURE
10.9 yrs

Emmanuel Van Grimbergen

TITLE
Vice Chairman of the Board
AGE
51
TENURE
1.3 yrs

Emin Eminsoy

TITLE
Independent Director
TENURE
5.1 yrs

Lütfiye Uçtum

TITLE
Independent Board Member
TENURE
1.5 yrs

Steven Georges Braekeveldt

TITLE
Director
AGE
59
TENURE
8.8 yrs

Kivanc Zaimler

TITLE
Director
TENURE
0.3 yrs

Bülent Oguz

TITLE
Director
TENURE
0.3 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 Aksigorta'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. Aksigorta 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.

AKGRT News

Simply Wall St News

AKGRT Company Info

Description

Aksigorta A.S. provides various non-life insurance products and services to retail and corporate customers in Turkey. The company primarily offers fire, marine, accident, personal accident, engineering, agriculture, and health insurance products. It also provides auto and traffic, home, workplace, third party liability, theft, and glass breakdown insurance products. The company offers its products through bank branches, independent agencies, brokers, and contracted institutions. Aksigorta A.S. was founded in 1960 and is based in Istanbul, Turkey.

Details
Name: Aksigorta A.S.
AKGRT
Exchange: IBSE
Founded: 1960
TRY1,422,900,000
306,000,000
Website: http://www.aksigorta.com.tr
Address: Aksigorta A.S.
Poligon Avenue,
Tower 1, Floor 0-6 Ümraniye,
Istanbul,
34771,
Turkey
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
IBSE AKGRT Equity Shares Borsa Istanbul (BIST) TR TRY 08. Dec 1994
Number of employees
Current staff
Staff numbers
650
Aksigorta employees.
Industry
Property and Casualty Insurance
Insurance
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/09 20:59
End of day share price update: 2020/04/09 00:00
Last estimates confirmation: 2020/02/05
Last earnings filing: 2020/01/30
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.