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Türkiye Sinai Kalkinma Bankasi A.S. (TSKB.IS)

TRY11.55 +0.18 (+1.58%)
TR IST Financial Services Banks - Regional
Address Meclisi Mebusan Cad. 81 34427
Istanbul, TR
CEO Ozan Uyar
IPO 2000-05-10
ISIN TRATSKBW91N0

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Also trades on Istanbul Stock Exchange · TSKB.IS (TRY) Other OTC · TRKYY (USD)
Description

Türkiye Sinai Kalkinma Bankasi A.S. functions as a specialized financial institution, delivering comprehensive development and investment banking services across Turkey and internationally. The bank is actively involved in funding a diverse range of critical sectors, including industrial expansion, initiatives for energy and resource efficiency, environmental protection, renewable energy projects, and sustainable tourism. It also champions social and economic development by supporting women's employment, equal opportunity initiatives, occupational health and safety, investments in developing regions, education, healthcare projects, and providing essential working capital. TSKB offers targeted project finance for significant undertakings such as renewable energy and power generation facilities, electricity and natural gas distribution networks, and key industries like energy, fuel, packaging, and pharmaceuticals. Its financial support further extends to logistics, transportation, telecommunications, public-private sector collaborations, and commercial real estate developments, including hotels and shopping malls. Beyond project-specific funding, the bank provides extensive wholesale banking and bespoke financing for small and medium-sized enterprises (SMEs), alongside foreign trade finance, country credit facilities, general working capital solutions, and machinery and equipment leasing. It issues various guarantee instruments, such as letters of guarantee and credit, in addition to facilitating export credits and Eximbank loans. For its corporate clients, TSKB offers expert financial advisory and services covering initial public offering (IPO) preparation and execution, bond issuance underwriting, mergers and acquisitions (M&A), asset purchases and sales, and privatization consultancy. The institution also deals in a sophisticated array of derivatives and structured financial products, including forwards, options, caps, floors, swaps, and swaptions, bolstered by in-depth economic research. Its brokerage activities encompass repo, warrants, foreign derivatives, and various securities transactions, with specific offerings for stock and bond trading, securities loans, portfolio management, and investment advisory services. Moreover, TSKB provides a broad spectrum of consulting services, encompassing financial planning strategy, feasibility studies, valuation, business restructuring, and detailed sectoral analysis. This includes specialized engineering and technical advisory, real estate appraisal, and critical sustainability and environmental consulting expertise. Established in 1950, the bank maintains its headquarters in Istanbul, Turkey.

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
TRY11.55 +0.18 (+1.58%)
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Volume Profile
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Liquidity & share structure
Average Volume
24M
Beta
0.66
Float Shares
1.23B
Free Float %
43.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-0.98% -1.07% -4.48% -14.64% -13.84% -10.28% +1.84% +170.24% +733.08% +1,043.74% +2,535.49%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
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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
11.55
DCF (Unlevered) 89.26 +672.9%
DCF (Levered) 59.14 +412.0%

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) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 6 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
0.11
Distress
Piotroski F-Score
6 / 9
Average
Operational MOAT
★ Strong MOAT
  • Revenue growth
    +36.7% Q1'26: +23.9% (vs Q1'25)
  • EPS growth
    +10.7% Q1'26: -7.3% (vs Q1'25)
  • FCF margin
    Q1'26: +278.6% (vs Q1'25)
  • EBIT margin
    Q1'26: +32.4% (vs Q1'25)
  • ROIC
    Q1'26: +3.2% (vs Q1'25)
  • Share dilution
    +0.0% Q1'26: 0.0% (vs Q1'25)
  • Debt / EBITDA
    Q1'26: 20.84× (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 (0.75) × ERP
WACC = 10% × Ke + 90% × Kd (6.9%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 89.26 Current price: 11.55
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
1.16B
est: 708.56M (+64.2%)
1.39B
est: 755.16M (+83.8%)
1.87B
est: 988.30M (+89.6%)
2.85B
est: 1.69B (+68.2%)
2.96B
est: 1.68B (+76.6%)
3.47B
est: 2.13B (+63.0%)
5.32B
est: 3.04B (+75.3%)
12.13B
est: 6.01B (+101.9%)
22.09B
est: 10.70B (+106.4%)
30.72B
est: 13.71B (+124.1%)
41.99B
est: 18.90B (+122.2%)
23.26B
23.26B – 23.26B
+23.1% YoY
31.52B
31.52B – 31.52B
+35.5% YoY
EBITDA
515.86M
est: 265.10M (+94.6%)
559.20M
est: 282.54M (+97.9%)
745.57M
est: 369.77M (+101.6%)
920.05M
est: 633.24M (+45.3%)
942.06M
est: 627.65M (+50.1%)
945.70M
est: 795.99M (+18.8%)
1.50B
est: 1.14B (+32.0%)
5.24B
est: 2.25B (+133.1%)
9.52B
est: 4.00B (+137.7%)
13.94B
est: 5.15B (+170.6%)
13.60B
est: 7.10B (+91.5%)
8.74B
8.74B – 8.74B
+23.1% YoY
11.84B
11.84B – 11.84B
+35.5% YoY
EBIT
511.33M
est: 263.90M (+93.8%)
553.62M
est: 281.26M (+96.8%)
739.59M
est: 368.08M (+100.9%)
913.65M
est: 630.36M (+44.9%)
933.47M
est: 624.79M (+49.4%)
936.35M
est: 792.37M (+18.2%)
1.49B
est: 1.13B (+31.6%)
5.23B
est: 2.24B (+133.5%)
9.49B
est: 3.99B (+138.1%)
13.90B
est: 5.14B (+170.4%)
13.60B
est: 7.08B (+91.9%)
8.72B
8.72B – 8.72B
+23.1% YoY
11.81B
11.81B – 11.81B
+35.5% YoY
Net Income
407.23M
est: 406.50M (+0.2%)
443.43M
est: 483.90M (-8.4%)
611.18M
est: 609.90M (+0.2%)
670.76M
est: 678.69M (-1.2%)
730.50M
est: 700.62M (+4.3%)
712.29M
est: 719.40M (-1.0%)
1.08B
est: 1.08B (+0.2%)
3.98B
est: 4.03B (-1.3%)
6.97B
est: 6.97B (-0.1%)
10.22B
est: 9.94B (+2.9%)
11.32B
est: 11.84B (-4.4%)
12.75B
12.75B – 12.75B
+7.6% YoY
14.83B
14.83B – 14.83B
+16.4% YoY
SGA
1.40M
est: 141.6K (+888.7%)
1.36M
est: 150.9K (+803.9%)
1.12M
est: 197.5K (+467.6%)
970.0K
est: 338.2K (+186.8%)
1.47M
est: 335.2K (+338.2%)
1.07M
est: 425.1K (+151.4%)
931.0K
est: 606.7K (+53.5%)
1.69M
est: 1.20M (+41.0%)
3.40M
est: 2.14M (+59.0%)
6.84M
est: 208.25M (-96.7%)
3.16B
est: 286.97M (+1,001.0%)
353.26M
353.26M – 353.26M
+23.1% YoY
478.68M
478.68M – 478.68M
+35.5% YoY
EPS
0.15
est: 0.15 (+3.3%)
0.19
est: 0.17 (+9.9%)
0.26
est: 0.22 (+19.4%)
0.24
est: 0.24 (-1.0%)
0.26
est: 0.25 (+3.9%)
0.25
est: 0.26 (-2.7%)
0.39
est: 0.39 (+1.2%)
1.42
est: 1.44 (-1.4%)
2.49
est: 2.49 (0.0%)
3.65
est: 3.55 (+2.8%)
4.04
est: 4.23 (-4.5%)
4.55
4.55 – 4.55
+7.6% YoY
5.30
5.30 – 5.30
+16.4% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-26 A+ 4/5 5/5 5/5 5/5 1/5 4/5 4/5
2026-05-25 A+ 4/5 5/5 5/5 5/5 1/5 4/5 4/5
2026-05-22 A+ 4/5 5/5 5/5 5/5 1/5 4/5 4/5
2026-05-21 A+ 4/5 5/5 5/5 5/5 1/5 4/5 4/5
2026-05-20 A+ 4/5 5/5 5/5 5/5 1/5 4/5 4/5
2026-05-18 A+ 4/5 5/5 5/5 5/5 1/5 4/5 4/5
2026-05-15 A+ 4/5 5/5 5/5 5/5 1/5 4/5 4/5
2026-05-14 A+ 4/5 5/5 5/5 5/5 1/5 4/5 4/5
2026-05-13 A+ 4/5 5/5 5/5 5/5 1/5 4/5 4/5
2026-05-12 A+ 4/5 5/5 5/5 5/5 1/5 4/5 4/5
2026-05-11 A+ 4/5 5/5 5/5 5/5 1/5 4/5 4/5
2026-05-08 A+ 4/5 5/5 5/5 5/5 1/5 4/5 4/5
2026-05-07 A+ 4/5 5/5 5/5 5/5 1/5 4/5 4/5
2026-05-06 A+ 4/5 5/5 5/5 5/5 1/5 4/5 4/5
2026-05-05 A+ 4/5 5/5 5/5 5/5 1/5 4/5 4/5
2026-05-04 A+ 4/5 5/5 5/5 5/5 1/5 4/5 4/5
2026-04-30 A+ 4/5 5/5 5/5 5/5 1/5 4/5 4/5
2026-04-29 A+ 4/5 5/5 5/5 5/5 1/5 4/5 4/5
2026-04-28 A+ 4/5 5/5 5/5 5/5 1/5 4/5 4/5
2026-04-27 A+ 4/5 5/5 5/5 5/5 1/5 4/5 4/5
2026-04-24 A+ 4/5 5/5 5/5 5/5 1/5 4/5 4/5
2026-04-22 A+ 4/5 5/5 5/5 5/5 1/5 4/5 4/5
2026-04-21 A+ 4/5 5/5 5/5 5/5 1/5 4/5 4/5
2026-04-20 A+ 4/5 5/5 5/5 5/5 1/5 4/5 4/5
2026-04-17 A+ 4/5 5/5 5/5 5/5 1/5 4/5 4/5
2026-04-16 A+ 4/5 5/5 5/5 5/5 1/5 4/5 4/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
25.58B
OE per share TTM
9.14
Owner's Yield
82.46%
Maintenance CapEx ratio
0.26%
Maint CapEx / Avg PPE
10.2%

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 53 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
20.85M
Shares Outstanding
2.80B

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
Asli Zerrin Hanci Executive Vice President female
Aziz Ferit Eraslan Executive Vice President male
Bilinc Tanagardi EVice President of App. Dev, Stm. & Ntwrk Support, Enterp. Archt. & Process Mgmt and Procu. & Fin. Aff. Mgmt male
Hasan Hepkaya EVice President of Corporate Banking Marketing, Corporate Banking Sales, Project Finance & Loan Operations male
Meral Murathan EVP of Treasury, Cap. Mkt Ops, Fin. Ins., & IR, Dev. Fin. Ins. and Clim. Chg & Sust. Mgmt. female
Ozan Uyar Board Member & Chief Executive Officer male
Ozlem Bagdatli Executive Vice President of HR, Legal Affairs, Pension & Assist. Funds and Corporate Communications female
Poyraz Kogacioglu Executive Vice President of Capital Markets, Company Merger & Acquisition and Corporate Finance male
Simay Kimyaci Department Head of Internal Control
Tolga Sert EVP of Credit Portfolio Mgt & Analytics, Budgeting and Planning, Financial Control and Analysis 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