Risk factor
Considerable default risk
Profitability factor
Greatly undervalued vs peers
About
Anadolu Anonim Türk Sigorta Sirketi is a leading Turkish provider specializing in non-life insurance offerings. Its extensive product range encompasses essential coverage types such as fire, marine, engineering, agriculture, legal protection, personal accident, health, and credit insurance. The company also provides robust protection for motor vehicles, aircraft, watercraft, and against natural disasters, in addition to addressing general and financial losses. Further specialized policies include bond insurance, various liability coverages (motor vehicle, aircraft, general, third-party, public, product, professional indemnity, and employer), theft, and travel insurance. Beyond its core insurance products, the firm offers services like insurance research, life insurance statistical analysis, reinsurance, fronting, and sharing insurance-related information. As of December 31, 2021, it managed a broad distribution network of 2,574 authorized and 107 unauthorized agencies. Founded in 1925, the company is headquartered in Istanbul, Turkey, and operates as a subsidiary of Milli Reasürans T.A.S.
Company Valuation
Based on key historical and expected multiples, the stock is greatly undervalued relative to its peers. In particular, the stock is underpriced on P/E, 'cheap' on EV/EBIT
Target Price
The average target price of ANSGR.IS is 42.6 and suggests 112% upside potential. Usually, this means a BUY recommendation among investment firms, or a recommendation to i