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Türkiye Halk Bankasi A.S. (HALKB.IS)

TRY47.48 -1.62 (-3.30%)
TR IST Financial Services Banks
Address 42/1 34760
Istanbul, IST, TR
CEO Osman Arslan
IPO 2007-05-10
ISIN TRETHAL00019

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Description

Türkiye Halk Bankasi A.S., together with its subsidiaries, offers various banking products and services. The company provides deposit products, including e-deposits, deposit accounts with investment funds, child accounts, accumulated deposit accounts, producing deposit accounts, current TL accounts, time deposit TL/FX accounts, current FX accounts, gold deposit accounts, and safety deposit boxes. It also offers personal, auto, mortgage, and overdraft loans; letter of credit, commercial, and cash and non-cash loans; medium and long-term, and investment and project loans; loans from international financial institutions; and foreign trade loans. In addition, the company provides various cards and payment services; insurance products; derivative products; and investment products comprising investment funds, Fon24, domestic government bonds, bank bills and bonds, eurobonds, repos, forwards, options, swaps, and secured options, as well as cash management services. Further, it offers Internet, mobile, and SMS banking services. Additionally, the company is involved in investment in capital market instruments based on real estate, real estate projects, and rights based on real estate; financial leasing; factoring; financing; savings; financing and asset management; and capital markets activities. Türkiye Halk Bankasi A.S. operates domestic and foreign branches in Cyprus and Bahrain and representative offices in England and Iran. Türkiye Halk Bankasi A.S. was founded in 1933 and is headquartered in Istanbul, Turkey. Türkiye Halk Bankasi A.S. operates as a subsidiary of Turkey Wealth Fund.

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
TRY47.48 -1.62 (-3.30%)
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Volume Profile
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Liquidity & share structure
Average Volume
58M
Beta
0.72
Float Shares
611.17M
Free Float %
8.5%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.10% +1.65% +2.26% -17.12% +49.41% +10.82% +86.12% +266.55% +837.01% +334.08% +355.42%
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
47.48
DCF (Unlevered) 40.24 -15.2%

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) 0% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 0 0
Hold 5 0
Sell 1 0
Strong Sell 1 0
Quality scores
Altman Z-Score
0.29
Distress
Piotroski F-Score
7 / 9
Strong
MOAT Score
4 / 10
Developing
Composite Rating
B+
Overall Score
3 / 5
Medium
DCF Score
4 / 5
High
ROE Score
4 / 5
High
ROA Score
3 / 5
Medium
D/E Score
1 / 5
Low
P/E Score
3 / 5
Medium
P/Book Score
3 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Banks: +13.8%
    +46.9% Q1'26: +34.0% (vs Q1'25)
  • EPS growth Banks: +25.1%
    +23.1% Q1'26: +48.3% (vs Q1'25)
  • FCF margin FCF growth · Banks: +75.8%
    -96.2% Q1'26: +82.2% (vs Q1'25)
  • EBIT margin Banks: +27.6%
    +3.4% Q1'26: +5.3% (vs Q1'25)
  • ROIC Banks: +1.1%
    +8.9% Q1'26: +7.2% (vs Q1'25)
  • Share dilution Banks: +0.1%
    +0.0% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Banks: 1.37×
    24.48× Q1'26: 16.45× (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 (0.72) × ERP
WACC = 23% × Ke + 77% × Kd (85.2%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 40.22 Current price: 47.48
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
1 Rev. Ana.
1 EPS Ana.
Dec 2027
1 Rev. Ana.
1 EPS Ana.
Revenue
15.76B
est: 7.71B (+104.4%)
20.27B
est: 9.02B (+124.7%)
27.39B
est: 10.73B (+155.3%)
41.79B
est: 10.84B (+285.5%)
47.59B
est: 12.30B (+287.0%)
53.15B
est: 18.31B (+190.2%)
82.88B
est: 17.65B (+369.5%)
165.74B
est: 70.85B (+133.9%)
327.60B
est: 65.29B (+401.8%)
712.44B
est: 78.15B (+811.6%)
1.05T
est: 164.74B (+535.3%)
242.39B
242.39B – 242.39B
+47.1% YoY
276.53B
276.53B – 276.53B
+14.1% YoY
EBITDA
3.03B
est: 533.07M (+469.0%)
3.52B
est: 624.10M (+463.9%)
5.33B
est: 741.98M (+618.5%)
3.23B
est: 749.95M (+331.0%)
2.84B
est: 850.61M (+233.9%)
4.04B
est: 1.27B (+218.8%)
2.55B
est: 1.22B (+109.3%)
25.54B
est: 4.90B (+421.3%)
17.37B
est: 4.02B (+332.7%)
22.71B
est: 4.81B (+372.4%)
39.40B
est: 10.13B (+288.9%)
14.91B
14.91B – 14.91B
+47.1% YoY
17.01B
17.01B – 17.01B
+14.1% YoY
EBIT
2.90B
est: 479.40M (+504.6%)
3.35B
est: 561.27M (+496.8%)
5.15B
est: 667.28M (+672.3%)
3.03B
est: 674.44M (+349.7%)
2.41B
est: 764.97M (+214.6%)
3.51B
est: 1.14B (+207.8%)
1.88B
est: 1.10B (+71.5%)
24.67B
est: 4.41B (+459.7%)
15.33B
est: 3.64B (+321.1%)
19.04B
est: 4.36B (+337.0%)
35.30B
est: 9.19B (+284.3%)
13.51B
13.51B – 13.51B
+47.1% YoY
15.42B
15.42B – 15.42B
+14.1% YoY
Net Income
2.32B
est: 12.87B (-82.0%)
2.53B
est: 16.24B (-84.4%)
4.04B
est: 22.07B (-81.7%)
2.66B
est: 16.35B (-83.8%)
2.27B
est: 9.05B (-75.0%)
3.68B
est: 8.08B (-54.4%)
1.84B
est: 7.18B (-74.4%)
18.36B
est: 25.28B (-27.4%)
16.83B
est: 22.09B (-23.8%)
22.04B
est: 14.16B (+55.6%)
27.13B
est: 39.34B (-31.0%)
52.56B
52.56B – 52.56B
+33.6% YoY
79.18B
79.18B – 79.18B
+50.7% YoY
SGA
140.67M
est: 41.91M (+235.7%)
165.78M
est: 49.06M (+237.9%)
226.05M
est: 58.33M (+287.5%)
214.60M
est: 58.96M (+264.0%)
207.67M
est: 66.87M (+210.6%)
269.61M
est: 99.57M (+170.8%)
501.19M
est: 95.97M (+422.2%)
1.24B
est: 385.22M (+223.0%)
1.87B
est: 965.03M (+93.4%)
2.04B
est: 1.16B (+76.5%)
54.21B
est: 2.44B (+2,126.2%)
3.58B
3.58B – 3.58B
+47.1% YoY
4.09B
4.09B – 4.09B
+14.1% YoY
EPS
1.85
est: 1.79 (+3.3%)
2.03
est: 2.26 (-10.2%)
3.24
est: 3.07 (+5.5%)
2.13
est: 2.28 (-6.4%)
1.82
est: 1.26 (+44.4%)
1.38
est: 1.12 (+22.7%)
1.01
est: 1.00 (+1.1%)
3.69
est: 3.52 (+4.9%)
2.34
est: 3.07 (-23.9%)
3.07
est: 1.97 (+55.8%)
3.78
est: 5.48 (-31.0%)
7.31
7.31 – 7.31
+33.6% YoY
11.02
11.02 – 11.02
+50.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-11 B+ 3/5 4/5 4/5 3/5 1/5 3/5 3/5
2026-05-08 B 3/5 4/5 4/5 3/5 1/5 3/5 2/5
2026-05-07 B 3/5 4/5 4/5 3/5 1/5 3/5 2/5
2026-05-06 B 3/5 4/5 4/5 3/5 1/5 3/5 2/5
2026-05-05 B 3/5 4/5 4/5 3/5 1/5 3/5 2/5
2026-05-04 B 3/5 4/5 4/5 3/5 1/5 3/5 2/5
2026-04-30 B 3/5 4/5 4/5 3/5 1/5 3/5 2/5
2026-04-29 B 3/5 4/5 4/5 3/5 1/5 3/5 2/5
2026-04-28 B 3/5 4/5 4/5 3/5 1/5 3/5 2/5
2026-04-27 B 3/5 4/5 4/5 3/5 1/5 3/5 2/5
2026-04-24 B 3/5 4/5 4/5 3/5 1/5 3/5 2/5
2026-04-22 B+ 3/5 4/5 4/5 4/5 1/5 3/5 3/5
2026-04-21 B+ 3/5 4/5 4/5 4/5 1/5 3/5 3/5
2026-04-20 B+ 3/5 4/5 4/5 4/5 1/5 3/5 3/5
2026-04-17 B+ 3/5 4/5 4/5 4/5 1/5 3/5 3/5
2026-04-16 B+ 3/5 4/5 4/5 4/5 1/5 3/5 3/5
2026-04-15 B+ 3/5 4/5 4/5 4/5 1/5 3/5 3/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
330.16B
OE per share TTM
45.95
Owner's Yield
112.63%
Maintenance CapEx ratio
14.64%
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.

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
1.56M
Shares Outstanding
7.18B

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
Ali Cebeci Head of Inspection Board of Internal Auditors male
Caner Gokbulut Head of Corporate Communications Department male
Ibrahim Okan Çaglar Head of Budget & Reporting Department
Mehmet Tanriverdi Head of Inspection Board of Internal Auditors
Muharrem Baykara Head of Investor Relations Department
Olcay Atlioglu EVP & Deputy GM of Information Technologies male
Oner Kaya Head of Legal Affairs Department
Osman Arslan GM, Chief Executive Officer & Director male
Osman Bektas Head of Financial Accounting Department male
Recep Suleyman Ozdil GM, Chief Executive Officer & Director male
Samet Demirci Head of Compliance Department
Yusuf Duran Ocak EVP & Deputy General Manager of Financial Management and Planning 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