Kyivstar Group Ltd. (KYIV) vs Turkcell Iletisim Hizmetleri AS (TKC)

Kyivstar Group Ltd. and Turkcell Iletisim Hizmetleri AS are both Telecom Services companies. Turkcell Iletisim Hizmetleri AS is the larger, with a market value of $4.5B against $3.1B — 1.5× the size. Turkcell Iletisim Hizmetleri AS trades at the lower P/E: 10.6× against 19.2×. Kyivstar Group Ltd. has the higher net margin (12.5% vs 7.21%) and the higher return on invested capital (13.4% vs 7.40%). Across the 18 metrics below, Kyivstar Group Ltd. leads on 10 and Turkcell Iletisim Hizmetleri AS on 8.

Valuation

Metric KYIV TKC Telecom Services median
P/E 19.19 10.55 13.27
P/S 2.35 0.68 0.95
P/B 2.18 0.66 1.47
Price to free cash flow 10.76 n/m 8.72
EV/EBITDA 5.59 2.69 6.85
EV/Sales 2.39 1.11 1.87
Earnings yield 5.21% 9.48% 1.66%
Free cash flow yield 9.29% (3.85%) 5.53%

Profitability

Metric KYIV TKC Telecom Services median
Gross margin 88.83% 27.44% 51.26%
Operating margin 24.06% 14.60% 7.62%
Net margin 12.50% 7.21% 4.22%
Free cash flow margin 21.88% (2.63%) 4.73%
Return on equity 12.98% 7.61% 5.80%
Return on assets 14.14% 3.61% 0.00%
Return on invested capital 13.42% 7.40% 3.41%

Growth

Metric KYIV TKC Telecom Services median
Revenue growth (TTM) — 15.54% 3.31%
EPS growth (last fiscal year) (58.32%) (37.80%) —
Revenue growth, 5-year CAGR — 7.97% 1.50%
Net income growth, 5-year CAGR — (5.97%) 0.00%

Health

Metric KYIV TKC Telecom Services median
Debt to equity 0.39 0.57 0.63
Current ratio 1.26 1.49 1.13
Net debt to EBITDA (0.12) 0.15 1.86

Dividend

Metric KYIV TKC Telecom Services median
Dividend yield — 3.93% 4.06%
Payout ratio — 0.17 0.00

Size

Metric KYIV TKC Telecom Services median
Market cap 3.06b 4.46b 3.06b

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