Aygaz Anonim Sirketi

Aygaz Anonim Sirketi

BBIST:AYGAZ
263.75
TRY
-6.50
(-2.41%)
46.93BMarket Cap
Oct 28Next Earn
Aygaz Anonim Sirketi
BIST:AYGAZ
(Istanbul Exchange)

Recent

price

263.75

P/E

ratio

- -

div

yld

4.09%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
TRY
15.53
18.19
18.62
20.02
23.54
21.4
22.5
28.23
31.85
34.04
33.82
52.98
260.87
425.87
486.96
407.9
- -
Revenue per Share
0.8
1.27
1.02
0.68
0.73
1.39
1.39
1.92
0.76
0.91
-0.08
2.23
25.06
39.11
12.64
22.73
- -
Basic EPS, GAAP
1
-0.34
0.21
0.53
0.67
0.28
1.61
0.47
0.42
1.5
0.62
0.11
-4.55
7.55
-16.11
2.55
-9.82
Free Cash Flow per Basic Share
0.33
0.42
0.5
1
0.58
0.33
1.05
1.5
1.53
1.28
0.5
0.5
1.13
2.07
10.9
14.92
10.78
Dividend per Share
6.59
7.18
7.93
7.48
7.86
8.7
9.13
9.74
8.34
8.26
7.72
8.99
139.21
237.58
311.29
316.55
382.53
Book Value per Share
6.57
7.05
7.7
7.37
7.78
8.63
9.07
9.68
8.27
8.18
7.64
8.88
138.41
236
309.75
314.34
380.24
Tangible Book Value per Share
300
300
300
300
300
300
300
300
300
300
300
300
273
220
220
220
220
Basic Weighted Avg Shares
4,658
5,456
5,586
6,005
7,061
6,420
6,749
8,469
9,554
10,211
10,145
15,893
71,288
93,608
107,034
89,658
- -
Sales/Revenue/Turnover
4.96
2.96
3.35
3.1
1.69
4.26
4.86
3.23
1.63
3.55
3.12
3.9
0.98
0.84
0.97
2.35
- -
Operating Margin (%)
89
85
79
82
84
86
86
88
90
127
156
183
1,056
1,177
1,479
1,429
1,448
Depreciation Expense
240
380
305
205
218
418
416
577
228
273
-25
670
6,848
8,596
2,778
4,997
- -
Net Income, GAAP
15.24
9.68
11.57
13.35
7.84
8.59
11.25
7.05
8.56
10.5
180.19
10.06
- -
- -
37.58
14.73
- -
Effective Tax Rate (%)
5.16
6.96
5.46
3.42
3.09
6.52
6.16
6.81
2.39
2.68
-0.25
4.22
9.61
9.18
2.6
5.57
- -
Profit Margin (%)
517
344
249
200
-1
178
353
309
134
94
342
769
-162
1,599
3,770
6,722
5,813
Working Capital
109
- -
- -
142
194
303
400
584
830
764
997
1,486
1,335
135
867
872
932
LT Debt
2,014
2,155
2,381
2,244
2,359
2,611
2,742
2,923
2,502
2,478
2,317
2,719
30,861
52,732
68,421
69,578
84,081
Total Equity
10.03
15.27
7.71
5.9
3.59
7.57
8.12
6.58
1.62
8.37
-4.97
8.1
- -
- -
1.11
2.46
- -
Return on Invested Capital (%)
16.73
17.85
13.42
8.75
9.08
15.63
14.45
18.4
10.19
13.08
-4.82
21.07
- -
- -
6.26
7.67
- -
Return on Capital (%)
13.01
18.38
13.45
8.88
9.47
16.84
15.54
20.38
8.42
10.98
-1.04
26.72
41.13
20.76
4.61
7.24
- -
Return on Common Equity (%)

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
2,249
2,130
2,239
LT Borrowings
798
832
875
LT Finance Leases
74
63
57
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
220
220
220
Market Capitalization
43,718
51,258
46,927

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
17,253
14,249
16,296
Cash, Cash Equivalents & STI
8,548
4,102
7,114
Accounts Receivable, Net
4,583
5,926
5,505
Inventories
2,984
2,446
1,369
Total Current Liabilities
10,532
8,912
10,484
Payables & Accruals
- -
- -
- -
ST Debt
2,249
2,130
2,239
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
114.44%
230.91%
1.69%
Free Cash Flow
-397.1%
-913.26%
-115.83%
Net Income, GAAP
-194.43%
-366.55%
79.84%
Sales/Revenue/Turnover
48.43%
86.92%
-16.23%
Total Cash Common Dividend
- -
- -
36.88%

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
21,807
23,829
26,823
23,787
107,034
2025
25,343
26,378
- -
24,890
89,658
2026
21,891
53,499
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.03
1.58
6.34
3.65
12.64
2025
0.07
5.79
- -
10.23
22.73
2026
0.61
5.86
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
0.73
0.49
10.9
2025
- -
- -
-3.27
0.62
14.92
2026
12.54
0.88
- -
- -
- -
Business
Aygaz A.S. Aygaz A.S. engages in the procurement, storage, filling, distribution, and manufacturing of liquefied petroleum gas (LPG) products and related equipment in Turkey and select international markets; operates through three main segments including LPG and Gas, Cargo Transportation and Distribution, and Petroleum Products and Electricity; offers cylinder LPG, bulk LPG, autogas under the Aygaz Otogaz+ brand, natural gas supply and logistics via subsidiaries such as Aygaz Doğal Gaz, LPG cylinders, valves, tanks, pressure regulators, mobile heaters, catalytic stoves, patio and greenhouse heaters, and fuel and lubricants through autogas stations; provides marine transportation via its fleet of three LPG vessels (Kuleli, Kuzguncuk, Beylerbeyi) managed by subsidiary Anadoluhisarı Tankercilik A.Ş., road tanker distribution with GPS-tracked fleet, and natural gas modulation, storage, and delivery services; manufactures equipment at its Gebze facility certified to ISO 9001, 14001, 45001, 50001, and 27001 standards; retails through nearly 2,182 cylinder gas dealers and 1,830 autogas stations across 81 cities in Turkey, meeting approximately 52% of the country's LPG demand with 170,000 cubic meters storage capacity at five sea terminals, five filling facilities, eight distribution centers, and one manufacturing site. Founded in 1961 and headquartered in Sisli, Istanbul, the company functions as a subsidiary of Koç Holding A.Ş., Turkey's largest industrial conglomerate, and maintains operations certified to ISO 9001 Quality, 14001 Environment, 45001 Occupational Health and Safety, 50001 Energy, and 10002 Customer Complaints Management standards, with products bearing CE and PI markings for EU circulation. Recent developments encompass the 2024 acquisition of an LPG vessel from Spires Marine Ltd for $59 million to bolster maritime logistics; completion of legal merger transactions on October 9, 2024, integrating Sendeo Dağıtım under the Kolay Gelsin brand via equal partnership; progression of its Bangladesh joint venture United Aygaz LPG Ltd, established in 2021 with United Enterprises & Co. Ltd through 50% share acquisition, which commenced LPG sales in 2022 following Chittagong terminal investments and continues capacity expansions; and transfer of its Istanbul land block share to parent Koç Holding in 2025 as part of portfolio optimization.