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Ihlas Yayin Holding

IBSE:IHYAY
Snowflake Description

Excellent balance sheet and overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
IHYAY
IBSE
TRY148M
Market Cap
  1. Home
  2. TR
  3. Media
Company description

Ihlas Yayin Holding A.S., through its subsidiaries, engages in media, publishing, and advertising businesses in Turkey. The last earnings update was 25 days ago. More info.


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  • Ihlas Yayin Holding has significant price volatility in the past 3 months.
IHYAY Share Price and Events
7 Day Returns
23.3%
IBSE:IHYAY
11.3%
TR Media
4.4%
TR Market
1 Year Returns
51%
IBSE:IHYAY
86.7%
TR Media
22.8%
TR Market
IHYAY Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Ihlas Yayin Holding (IHYAY) 23.3% -30.8% -24.5% 51% 64.4% 174.1%
TR Media 11.3% -13.4% -21.6% 86.7% 101.1% 131.7%
TR Market 4.4% -16.8% -12.9% 22.8% 40.9% 49.4%
1 Year Return vs Industry and Market
  • IHYAY underperformed the Media industry which returned 86.7% over the past year.
  • IHYAY outperformed the Market in Turkey which returned 22.8% over the past year.
Price Volatility
IHYAY
Industry
5yr Volatility vs Market

IHYAY Value

 Is Ihlas Yayin Holding 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 Ihlas Yayin Holding 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 Ihlas Yayin Holding.

IBSE:IHYAY Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Extrapolated from most recent financials. See below
Discount Rate (Cost of Equity) See below 17%
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:IHYAY
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year TR Govt Bond Rate 8.6%
Equity Risk Premium S&P Global 10%
Media Unlevered Beta Simply Wall St/ S&P Global 0.64
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.637 (1 + (1- 22%) (24.09%))
0.837
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 8.6% + (0.837 * 10%)
16.97%

Discounted Cash Flow Calculation for IBSE:IHYAY using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Ihlas Yayin Holding is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

IBSE:IHYAY DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (TRY, Millions) Source Present Value
Discounted (@ 16.97%)
2020 8.68 Est @ 37.68% 7.42
2021 11.20 Est @ 28.96% 8.19
2022 13.76 Est @ 22.85% 8.60
2023 16.31 Est @ 18.58% 8.72
2024 18.86 Est @ 15.58% 8.61
2025 21.40 Est @ 13.49% 8.36
2026 23.97 Est @ 12.02% 8.00
2027 26.61 Est @ 11% 7.59
2028 29.34 Est @ 10.28% 7.16
2029 32.21 Est @ 9.77% 6.72
Present value of next 10 years cash flows TRY79.00
IBSE:IHYAY DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= TRY32.21 × (1 + 8.6%) ÷ (16.97% – 8.6%)
TRY417.95
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= TRY417.95 ÷ (1 + 16.97%)10
TRY87.18
IBSE:IHYAY Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= TRY79.00 + TRY87.18
TRY166.18
Equity Value per Share
(TRY)
= Total value / Shares Outstanding
= TRY166.18 / 200.00
TRY0.83
IBSE:IHYAY Discount to Share Price
Calculation Result
Value per share (TRY) From above. TRY0.83
Current discount Discount to share price of TRY0.74
= -1 x (TRY0.74 - TRY0.83) / TRY0.83
10.9%

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

Current Discount
Amount off the current price Ihlas Yayin Holding is available for.
Intrinsic value
11%
Share price is TRY0.74 vs Future cash flow value of TRY0.83088
Current Discount Checks
For Ihlas Yayin Holding to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Ihlas Yayin Holding's share price is below the future cash flow value, but not at a moderate discount (< 20%).
  • Ihlas Yayin Holding's share price is below the future cash flow value, but not 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 Ihlas Yayin Holding's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Ihlas Yayin Holding's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
IBSE:IHYAY PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in TRY TRY0.01
IBSE:IHYAY Share Price ** IBSE (2020-04-03) in TRY TRY0.74
Asia Media Industry PE Ratio Median Figure of 249 Publicly-Listed Media Companies 13.97x
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 Ihlas Yayin Holding.

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

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

= 0.74 ÷ 0.01

108.19x

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

  • Ihlas Yayin Holding is overvalued based on earnings compared to the Asia Media industry average.
  • Ihlas Yayin Holding is overvalued based on earnings compared to the Turkey market.
Price based on expected Growth
Does Ihlas Yayin Holding's expected growth come at a high price?
Raw Data
IBSE:IHYAY PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 108.19x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts
Not available
Asia Media Industry PEG Ratio Median Figure of 81 Publicly-Listed Media Companies 0.98x
Turkey Market PEG Ratio Median Figure of 56 Publicly-Listed Companies 0.46x

*Line of best fit is calculated by linear regression .

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

  • Unable to calculate PEG ratio for Ihlas Yayin Holding, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Ihlas Yayin Holding's assets?
Raw Data
IBSE:IHYAY PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in TRY TRY0.51
IBSE:IHYAY Share Price * IBSE (2020-04-03) in TRY TRY0.74
Turkey Media Industry PB Ratio Median Figure of 6 Publicly-Listed Media Companies 1.79x
Turkey Market PB Ratio Median Figure of 371 Publicly-Listed Companies 1.36x
IBSE:IHYAY PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

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

= 0.74 ÷ 0.51

1.46x

* Primary Listing of Ihlas Yayin Holding.

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

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

IHYAY Future Performance

 How is Ihlas Yayin Holding expected to perform in the next 1 to 3 years based on estimates from 0 analysts?

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Ihlas Yayin Holding has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.

Show me the analysis anyway

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
17.5%
Expected Media industry annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Ihlas Yayin Holding expected to grow at an attractive rate?
  • Unable to compare Ihlas Yayin Holding's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Ihlas Yayin Holding's earnings growth to the Turkey market average as no estimate data is available.
  • Unable to compare Ihlas Yayin Holding's revenue growth to the Turkey market average as no estimate data is available.
Annual Growth Rates Comparison
Raw Data
IBSE:IHYAY Future Growth Rates Data Sources
Data Point Source Value (per year)
Asia Media Industry Earnings Growth Rate Market Cap Weighted Average 17.5%
Asia Media Industry Revenue Growth Rate Market Cap Weighted Average 8.8%
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:IHYAY Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (3 months ago) See Below
Future Estimates Average of up to 0 Analyst Estimates (S&P Global) See Below
All numbers in TRY Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
IBSE:IHYAY Past Financials Data
Date (Data in TRY Millions) Revenue Cash Flow Net Income *
2019-12-31 237 13 1
2019-09-30 225 -2 -14
2019-06-30 222 -6 -13
2019-03-31 222 1 -10
2018-12-31 214 2 -10
2018-09-30 204 7 -14
2018-06-30 190 7 -16
2018-03-31 176 8 -14
2017-12-31 173 7 -8
2017-09-30 157 10 -13
2017-06-30 152 9 -12
2017-03-31 156 7 -12

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Ihlas Yayin Holding is high growth as no earnings estimate data is available.
  • Unable to determine if Ihlas Yayin Holding is high growth as no revenue estimate data is available.
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:IHYAY 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 0 Analyst Estimates (S&P Global) See Below

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

IBSE:IHYAY Past Financials Data
Date (Data in TRY Millions) EPS *
2019-12-31 0.01
2019-09-30 -0.07
2019-06-30 -0.07
2019-03-31 -0.05
2018-12-31 -0.05
2018-09-30 -0.07
2018-06-30 -0.08
2018-03-31 -0.07
2017-12-31 -0.04
2017-09-30 -0.06
2017-06-30 -0.06
2017-03-31 -0.06

*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.
  • Unable to establish if Ihlas Yayin Holding will efficiently use shareholders’ funds in the future without estimates of Return on Equity.

Next steps:

  1. Examine Ihlas Yayin Holding's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
  2. Ihlas Yayin Holding's future outlook can be gauged by looking at industry trends and market size, and determining how well-positioned the company is compared to its competitors. Take a look at other high-growth Media companies here
  3. Use fundamentals to screen for another stock to analyse from our database of over 75,000 companies worldwide
X
Future performance checks
We assess Ihlas Yayin Holding'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.
Ihlas Yayin Holding has a total score of 0/6, 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.

IHYAY Past Performance

  How has Ihlas Yayin Holding 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 Ihlas Yayin Holding's growth in the last year to its industry (Media).
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.
  • Ihlas Yayin Holding's year on year earnings growth rate was negative over the past 5 years, however the most recent earnings are above average.
  • Ihlas Yayin Holding has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Ihlas Yayin Holding has become profitable in the last year making it difficult to compare the Asia Media industry average.
Earnings and Revenue History
Ihlas Yayin Holding'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 Ihlas Yayin Holding Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

IBSE:IHYAY Past Revenue, Cash Flow and Net Income Data
Date (Data in TRY Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 236.57 1.37 45.10
2019-09-30 225.22 -13.78 46.58
2019-06-30 221.64 -13.46 43.87
2019-03-31 221.89 -9.86 46.58
2018-12-31 214.17 -9.96 47.92
2018-09-30 204.32 -13.98 47.34
2018-06-30 190.31 -16.14 49.69
2018-03-31 176.18 -13.55 46.74
2017-12-31 173.06 -8.25 45.10
2017-09-30 157.35 -12.50 36.71
2017-06-30 151.71 -11.71 42.18
2017-03-31 156.28 -11.54 44.06
2016-12-31 153.86 -11.93 43.18
2016-09-30 155.47 -0.71 40.03
2016-06-30 157.05 -3.64 34.75
2016-03-31 156.97 -3.93 35.59
2015-12-31 156.33 -10.00 40.39
2015-09-30 167.29 20.73 56.90
2015-06-30 167.68 25.06 54.99
2015-03-31 169.33 17.54 62.52
2014-12-31 175.91 21.50 57.76
2014-09-30 180.69 -14.90 56.48
2014-06-30 185.06 -13.00 56.04
2014-03-31 177.87 -7.58 47.49
2013-12-31 170.58 -7.35 49.26
2013-09-30 165.76 -7.64 45.33
2013-06-30 161.20 -10.59 47.02

*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.
  • Ihlas Yayin Holding has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • It is difficult to establish if Ihlas Yayin Holding has efficiently used its assets last year compared to the Asia Media industry average (Return on Assets) as it is loss-making.
  • Ihlas Yayin Holding has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Ihlas Yayin Holding'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 Media 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.
Ihlas Yayin 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.

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

IHYAY Health

 How is Ihlas Yayin Holding'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 Ihlas Yayin Holding's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Ihlas Yayin Holding is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Ihlas Yayin Holding's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Ihlas Yayin 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 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 13.7x 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 Ihlas Yayin Holding Company Filings, last reported 3 months ago.

IBSE:IHYAY Past Debt and Equity Data
Date (Data in TRY Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 226.34 11.99 46.02
2019-09-30 210.19 17.15 7.03
2019-06-30 210.60 46.99 3.48
2019-03-31 226.78 18.05 13.26
2018-12-31 232.12 16.84 16.34
2018-09-30 229.19 4.97 3.14
2018-06-30 228.27 5.30 2.16
2018-03-31 232.37 5.68 2.35
2017-12-31 239.78 3.05 2.90
2017-09-30 242.32 6.17 3.21
2017-06-30 245.54 6.35 2.23
2017-03-31 245.22 6.94 2.90
2016-12-31 246.46 3.50 3.87
2016-09-30 254.71 7.70 2.44
2016-06-30 258.72 8.04 3.59
2016-03-31 257.02 8.24 3.07
2015-12-31 256.94 3.66 3.28
2015-09-30 252.10 0.03 2.60
2015-06-30 259.07 0.31 5.30
2015-03-31 258.93 3.78 2.61
2014-12-31 266.07 3.88 3.32
2014-09-30 234.22 4.66 3.82
2014-06-30 234.95 13.48 9.59
2014-03-31 246.92 14.17 2.00
2013-12-31 248.92 11.01 1.68
2013-09-30 244.53 10.01 10.15
2013-06-30 244.11 10.11 11.57
  • Ihlas Yayin Holding's level of debt (5.3%) compared to net worth is satisfactory (less than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (1.5% vs 5.3% today).
  • Debt is well covered by operating cash flow (111.4%, greater than 20% of total debt).
  • Ihlas Yayin Holding earns more interest than it pays, coverage of interest payments is not a concern.
X
Financial health checks
We assess Ihlas Yayin Holding'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. Ihlas Yayin Holding has a total score of 5/6, 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.

IHYAY Dividends

 What is Ihlas Yayin Holding'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 Ihlas Yayin Holding dividends.
If you bought TRY2,000 of Ihlas Yayin Holding 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 Ihlas Yayin Holding's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Ihlas Yayin Holding'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:IHYAY 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 0 Analyst Estimates (S&P Global) See Below
Asia Media Industry Average Dividend Yield Market Cap Weighted Average of 185 Stocks 2.9%
Turkey Market Average Dividend Yield Market Cap Weighted Average of 68 Stocks 6.5%
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.

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

  • Unable to perform a dividend volatility check as Ihlas Yayin Holding has not reported any payouts.
  • Unable to verify if Ihlas Yayin Holding's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Ihlas Yayin Holding's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Ihlas Yayin Holding has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Ihlas Yayin Holding'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 Ihlas Yayin Holding afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Ihlas Yayin Holding has a total score of 0/6, see the detailed checks below.


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

IHYAY Management

 What is the CEO of Ihlas Yayin Holding'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
Ukase Gümüser
AGE 66
CEO Bio

Mr. Ukase Gümüser serves as Vice Chairman, General Manager and Executive Member at Ihlas Yayin Holding A.S. Mr. Gümüser graduated from the Metallurgy Faculty of Istanbul Technical University in 1978. Working in the chemical industry between the years 1979-1986 and from 1987 onwards in various positions in silver Ihlas Holding, it has been involved in the establishment of Turkey Newspapers Hospital in 1989. In 2015 Ihlas Gazetecilik A.S. Still serving as a member of the Board of Directors and the senior management of Ihlas Holding group companies.

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

Ukase Gümüser

TITLE
Vice Chairman
AGE
66

Abdullah Tugcu

TITLE
Finance Coordinator & Executive Director
AGE
37

Ümit Firat

TITLE
Investor Relations Unit Manager

Mehmet Yagci

TITLE
Executive Director
AGE
50

Ismail Kapan

TITLE
Chief Editor & Director
AGE
63
Board of Directors Tenure

Average tenure and age of the Ihlas Yayin Holding board of directors in years:

5.6
Average Tenure
56.5
Average Age
  • The tenure for the Ihlas Yayin Holding board of directors is about average.
Board of Directors

Ahmet Ören

TITLE
Chairman of the Board
AGE
47

Ukase Gümüser

TITLE
Vice Chairman
AGE
66

Abdullah Tugcu

TITLE
Finance Coordinator & Executive Director
AGE
37
TENURE
7.3 yrs

Mehmet Yagci

TITLE
Executive Director
AGE
50
TENURE
6.4 yrs

Ismail Kapan

TITLE
Chief Editor & Director
AGE
63
TENURE
6.1 yrs

Hüseyin Isik

TITLE
Group Chairman of Ihlas Development (Magazine and Fair)
AGE
45

Nazmi Ors

TITLE
Independent Director
AGE
71
TENURE
5.1 yrs

Resul Izmirli

TITLE
Independent Director
AGE
73
TENURE
0.2 yrs

Necmi Özer

TITLE
Independent Director
AGE
66
TENURE
0.3 yrs

Orhan Tanisman

TITLE
Non Executive Director
AGE
50
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 Ihlas Yayin Holding'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. Ihlas Yayin Holding 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.

IHYAY News

Simply Wall St News

IHYAY Company Info

Description

Ihlas Yayin Holding A.S., through its subsidiaries, engages in media, publishing, and advertising businesses in Turkey. It publishes newspaper under the Türkiye Newspaper name; operates news agency, which provides video news service in Turkey; and produces and publishes news on the national agenda. The company also broadcasts live news and programs through digital platforms, such as Digiturk, D-Smart, Teledünya, and Tivibu, as well as over the Internet through its tgrthaber.com.tr Website; and broadcasts educational, relaxing, and informative documentaries. In addition, it publishes, distributes, and markets newspapers, magazines, books, and encyclopedias, as well as broadcasts programming through TGRT FM radio. Further, the company engages in the digital assets business, which offers various services, such as Web design, mobile content and applications, Internet software, and social media management. Additionally, it provides media buying services for newspaper, television, radio, and indoor and outdoor media. The company was founded in 2003 and is based in Istanbul, Turkey. Ihlas Yayin Holding A.S. is a subsidiary of Ihlas Holding A.S.

Details
Name: Ihlas Yayin Holding A.S.
IHYAY
Exchange: IBSE
Founded: 2003
TRY148,000,000
200,000,000
Website: http://www.ihlasyayinholding.com.tr
Address: Ihlas Yayin Holding A.S.
Merkez Mahallesi 29 Ekim Caddesi Ihlas Plaza No: 11 B/31,
Yenibosna,
Istanbul,
34197,
Turkey
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
IBSE IHYAY Group A Bearer Shares Borsa Istanbul (BIST) TR TRY 05. Nov 2010
Number of employees
Current staff
Staff numbers
0
Ihlas Yayin Holding employees.
Industry
Publishing
Media
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/04/04 22:43
End of day share price update: 2020/04/03 00:00
Last earnings filing: 2020/03/10
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.