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Aygaz A.S. (AYGAZ.IS)

TRY247.90 +2.40 (+0.98%)
TR IST Utilities Regulated Gas
Address Büyükdere Caddesi 34394
Sisli, TR
CEO Melih Poyraz
IPO 2000-05-10
ISIN TRAAYGAZ91E0

Explore sections of this company profile

Description

Aygaz A.S., a prominent energy firm established in 1961 and headquartered in Sisli, Turkey, operates as a subsidiary of Koç Holding A.S. Its primary business involves sourcing and supplying liquefied petroleum gas (LPG) to retailers for subsequent distribution to customers throughout Turkey. The company's diverse activities are segmented into Gas and Petroleum Products, Electricity, and Other operations. Beyond its core LPG supply chain, Aygaz is also a manufacturer, producing essential LPG-related equipment like cylinders, storage tanks, valves, and various supplementary materials. Its product line extends to consumer goods such as cylinder-hood sets, hoses, pressure regulators, small gas devices, barbecues, and outdoor patio heaters. Aygaz's distribution network covers LPG for vehicles (autogas), domestic cylinder gas, and bulk gas for industrial use. It also sells appliances designed to run on LPG and is involved in the maritime transport of LPG. Additionally, the company sells bottled water and trades in fuels and lubricants through its numerous autogas service stations. In the natural gas sector, Aygaz provides pipeline delivery to customers and supplies liquefied natural gas (LNG) via specialized cryogenic trailers. The company also operates a shipping division, which procures, constructs, leases, and manages vessels for transporting a wide range of commodities, including crude oil, petroleum products, LPG, natural gas, and other solid or liquid cargo. Furthermore, Aygaz is active in the electricity market, engaging in power generation, distribution, and sales. As of December 31, 2021, its generation assets included eight hydroelectric power plants, one wind power facility, and a natural gas combined cycle plant, collectively boasting an installed capacity of 436 megawatts. The company reaches its customers through an extensive network comprising 2,259 cylinder gas dealers and 1,718 autogas stations.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
TRY247.90 +2.40 (+0.98%)
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Volume Profile
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Liquidity & share structure
Average Volume
711.1K
Beta
0.60
Float Shares
53.35M
Free Float %
24.3%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.34% -4.50% -17.36% -3.34% +13.14% +19.46% +85.34% +265.54% +1,589.90% +2,006.38% +3,975,617.34%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
247.90
DCF (Unlevered) 204.14 -17.7%
DCF (Levered) 859.91 +246.9%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 60% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 3 0
Hold 2 -1
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
5.08
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
3 / 10
No MOAT
Composite Rating
A+
Overall Score
4 / 5
High
DCF Score
5 / 5
High
ROE Score
2 / 5
Medium
ROA Score
5 / 5
High
D/E Score
4 / 5
High
P/E Score
4 / 5
High
P/Book Score
4 / 5
High
Operational MOAT
✗ Below peers
  • Revenue growth Regulated Gas: +4.9%
    +9.6% Q1'26: +13.0% (vs Q1'25)
  • EPS growth Regulated Gas: +13.8%
    +135.3% Q1'26: +1,031.7% (vs Q1'25)
  • FCF margin FCF growth · Regulated Gas: +30.8%
    -0.3% Q1'26: -7.6% (vs Q1'25)
  • EBIT margin Regulated Gas: +12.9%
    +1.5% Q1'26: +1.7% (vs Q1'25)
  • ROIC Regulated Gas: +4.7%
    +1.7% Q1'26: +1.2% (vs Q1'25)
  • Share dilution Regulated Gas: 0.0%
    +0.0% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Regulated Gas: 2.21×
    1.18× Q1'26: 0.99× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.76) × ERP
WACC = 94% × Ke + 6% × Kd (13.1%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 204.14 Current price: 247.90
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Dec 2015
actual
Dec 2016
actual
Dec 2017
actual
Dec 2018
actual
Dec 2019
actual
Dec 2020
actual
Dec 2021
actual
Dec 2022
actual
Dec 2023
actual
Dec 2024
actual
Dec 2025
actual
Dec 2026
3 Rev. Ana.
1 EPS Ana.
Dec 2027
3 Rev. Ana.
1 EPS Ana.
Dec 2028
1 Rev. Ana.
1 EPS Ana.
Revenue
6.42B
est: 6.91B (-7.1%)
6.75B
est: 6.60B (+2.3%)
8.47B
est: 8.65B (-2.0%)
9.55B
est: 10.20B (-6.3%)
10.21B
est: 10.46B (-2.4%)
10.14B
est: 9.98B (+1.7%)
15.89B
est: 16.22B (-2.0%)
37.51B
est: 37.12B (+1.0%)
64.83B
est: 59.24B (+9.4%)
81.77B
est: 74.70B (+9.5%)
89.66B
est: 88.32B (+1.5%)
114.29B
96.21B – 125.60B
+29.4% YoY
100.90B
77.57B – 121.05B
-11.7% YoY
142.34B
114.71B – 163.47B
+41.1% YoY
EBITDA
359.03M
est: 287.97M (+24.7%)
616.82M
est: 275.08M (+124.2%)
415.55M
est: 360.38M (+15.3%)
239.75M
est: 425.11M (-43.6%)
543.83M
est: 436.20M (+24.7%)
576.34M
est: 415.86M (+38.6%)
707.87M
est: 676.02M (+4.7%)
838.68M
est: 1.55B (-45.8%)
1.94B
est: 1.90B (+2.1%)
4.48B
est: 2.39B (+87.2%)
2.71B
est: 2.83B (-4.5%)
3.66B
3.08B – 4.03B
+29.4% YoY
3.23B
2.49B – 3.88B
-11.7% YoY
4.56B
3.68B – 5.24B
+41.1% YoY
EBIT
503.40M
est: 198.27M (+153.9%)
532.88M
est: 189.40M (+181.4%)
330.64M
est: 248.13M (+33.3%)
153.32M
est: 292.69M (-47.6%)
420.34M
est: 300.33M (+40.0%)
422.59M
est: 286.33M (+47.6%)
527.43M
est: 465.45M (+13.3%)
7.71B
est: 1.07B (+624.1%)
1.13B
est: 1.38B (-17.9%)
3.35B
est: 1.74B (+92.7%)
1.31B
est: 2.06B (-36.5%)
2.66B
2.24B – 2.92B
+29.4% YoY
2.35B
1.81B – 2.82B
-11.7% YoY
3.31B
2.67B – 3.81B
+41.1% YoY
Net Income
418.38M
est: 259.03M (+61.5%)
415.67M
est: 278.39M (+49.3%)
577.02M
est: 418.33M (+37.9%)
228.38M
est: 206.19M (+10.8%)
273.48M
est: 197.61M (+38.4%)
-24.89M
est: -23.25M (-7.1%)
670.11M
est: 406.64M (+64.8%)
4.73B
est: 4.29B (+10.3%)
5.95B
est: 4.89B (+21.7%)
2.12B
est: 2.76B (-23.0%)
5.00B
est: 4.21B (+18.8%)
8.01B
5.41B – 8.63B
+90.5% YoY
7.06B
5.41B – 8.63B
-11.9% YoY
4.97B
3.71B – 5.93B
-29.6% YoY
SGA
271.78M
est: 262.78M (+3.4%)
304.03M
est: 251.02M (+21.1%)
315.70M
est: 328.86M (-4.0%)
329.93M
est: 387.93M (-15.0%)
347.86M
est: 398.05M (-12.6%)
324.03M
est: 379.49M (-14.6%)
432.19M
est: 616.90M (-29.9%)
1.03B
est: 1.41B (-27.1%)
3.77B
est: 2.49B (+51.4%)
3.72B
est: 3.14B (+18.4%)
4.65B
est: 3.71B (+25.4%)
4.80B
4.04B – 5.28B
+29.4% YoY
4.24B
3.26B – 5.09B
-11.7% YoY
5.98B
4.82B – 6.87B
+41.1% YoY
EPS
1.39
est: 1.18 (+18.0%)
1.39
est: 1.27 (+9.7%)
1.92
est: 1.90 (+0.9%)
0.76
est: 0.94 (-19.0%)
0.91
est: 0.90 (+1.2%)
-0.08
est: -0.11 (+21.5%)
2.23
est: 1.85 (+20.5%)
17.32
est: 19.52 (-11.3%)
27.09
est: 22.25 (+21.7%)
9.66
est: 10.52 (-8.2%)
22.73
est: 21.71 (+4.7%)
32.93
24.62 – 39.28
+51.7% YoY
32.93
24.62 – 39.28
+0.0% YoY
22.60
16.90 – 26.96
-31.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-26 A+ 4/5 5/5 2/5 5/5 4/5 4/5 4/5
2026-05-25 A+ 4/5 5/5 2/5 5/5 4/5 4/5 4/5
2026-05-22 A+ 4/5 5/5 2/5 5/5 4/5 4/5 4/5
2026-05-21 A+ 4/5 5/5 2/5 5/5 4/5 4/5 4/5
2026-05-20 A+ 4/5 5/5 2/5 5/5 4/5 4/5 4/5
2026-05-18 A+ 4/5 5/5 2/5 5/5 4/5 4/5 4/5
2026-05-15 A+ 4/5 5/5 2/5 5/5 4/5 4/5 4/5
2026-05-14 A+ 4/5 5/5 2/5 5/5 4/5 4/5 4/5
2026-05-13 A+ 4/5 5/5 2/5 5/5 4/5 4/5 4/5
2026-05-12 A+ 4/5 5/5 2/5 5/5 4/5 4/5 4/5
2026-05-11 A+ 4/5 5/5 2/5 5/5 4/5 4/5 4/5
2026-05-08 A+ 5/5 5/5 2/5 5/5 4/5 4/5 5/5
2026-05-07 A+ 5/5 5/5 2/5 5/5 4/5 4/5 5/5
2026-05-06 A+ 5/5 5/5 2/5 5/5 4/5 4/5 5/5
2026-05-05 A+ 5/5 5/5 2/5 5/5 4/5 4/5 5/5
2026-05-04 A+ 5/5 5/5 2/5 5/5 4/5 4/5 5/5
2026-04-30 A+ 5/5 5/5 2/5 5/5 4/5 4/5 5/5
2026-04-29 A 4/5 5/5 2/5 5/5 3/5 4/5 4/5
2026-04-28 A 4/5 5/5 2/5 5/5 3/5 4/5 4/5
2026-04-27 A 4/5 5/5 2/5 5/5 3/5 4/5 4/5
2026-04-24 A 4/5 5/5 2/5 5/5 3/5 4/5 4/5
2026-04-22 A 4/5 5/5 2/5 5/5 2/5 4/5 4/5
2026-04-21 A 4/5 5/5 2/5 5/5 2/5 4/5 4/5
2026-04-20 A 4/5 5/5 2/5 5/5 2/5 4/5 4/5
2026-04-17 A 4/5 5/5 2/5 5/5 2/5 4/5 4/5
2026-04-16 A 4/5 5/5 2/5 5/5 2/5 4/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
77.99M
OE per share TTM
0.35
Owner's Yield
0.15%
Maintenance CapEx ratio
491.59%
Maint CapEx / Avg PPE
9.0%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 41 ETFs in our universe

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.04M
Shares Outstanding
219.80M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Ahmet Ercüment Polat Assistant General Manager of Sales male
Ayse Abamor Bilgin Assistant General Manager of Technical Affairs & Investments female
Didem Kalkan Erdem Director of Marketing female
Esra Topkoç Director of Human Resources female
Gokhan Dizemen Assistant General Manager of Finance male
Kozan Nabi Ciftci Corporate Finance & Investor Relations Manager
Melih Poyraz General Manager male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits