Aygaz A.S. stock | 2026 earnings growth & current analysis

Aygaz A.S.

IBSE:AYGAZ

₺ 228,80

₺-1,70 (-0,74%)

228,80 ₺

₺-1,70 (-0,74%)

End-of-day quote: 03/27/2026

Aygaz A.S. Stock Value

Analysts currently rate IBSE:AYGAZ as Outperform.

Outperform

Aygaz A.S. Company Info

EPS Growth 5Y

50,77%

Market Cap

₺50,29 B

Long-Term Debt

₺0,87 B

Quarterly earnings

04/28/2026

Dividend

₺12,45

Dividend Yield

5,44%

Founded

1961

Industry

Energy

Country

Turkey

Website

Aygaz A.S.

ISIN Number

TRAAYGAZ91E0

Website

http://www.aygaz.com.tr

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

₺269,40

17.74%

Last Update: 03/29/2026

Analysts: 5

Highest Price Target ₺326,00

Average Price Target ₺269,40

Lowest Price Target ₺218,25

In the last five quarters, Aygaz A.S.’s Price Target has risen from ₺171,08 to ₺219,69 - a 28,41% increase. One analysts predict that Aygaz A.S.’s share price will increase in the coming year, reaching ₺269,40. This would represent an increase of 17,74%.

Top growth stocks in the energy sector (5Y.)

What does Aygaz A.S. do?

Aygaz A.S. engages in the distribution and marketing of liquefied petroleum gas (LPG). Business Segments The company operates through distinct business segments: LPG Distribution, Tanker Transportation, and Value-Added Services. LPG Distribution The distribution model incorporates both bulk gas deliveries and packaged gas services, ensuring all market components are adequately catered to. The company's extensive filling stations and point-of-sale locations facilitate easy access for end-user...

Aygaz A.S. engages in the distribution and marketing of liquefied petroleum gas (LPG).

Business Segments

The company operates through distinct business segments: LPG Distribution, Tanker Transportation, and Value-Added Services.

LPG Distribution

The distribution model incorporates both bulk gas deliveries and packaged gas services, ensuring all market components are adequately catered to. The company's extensive filling stations and point-of-sale locations facilitate easy access for end-users, which is a significant factor in promoting customer loyalty.

Tanker Transportation

This segment is responsible for the safe transportation of LPG and other energy products. The company operates a modern fleet equipped with advanced technology, ensuring compliance with stringent safety regulations while optimizing logistics efficiency.

Value-Added Services

The company offers value-added services that enhance customer experience and engagement. These services encompass various areas such as LPG installation, maintenance for industrial applications, and consultancy for businesses in energy efficiency.

Business Strategy

The company adopts a multi-faceted business strategy centered on growth, diversification, and sustainability. The company recognizes the changing dynamics of the energy market and aims to adapt to evolving customer needs while enhancing competitiveness. A significant aspect of its strategy revolves around technological innovation; the company invests in modernizing its operations and distribution mechanisms.

The company’s strategy focuses on sustainability. The strategy involves embracing renewable energy sources to reduce dependency on traditional fuels.

The company’s strategy emphasizes on market expansion. The company actively explores opportunities for growth both domestically and internationally, identifying new markets that can benefit from its product offerings.

Furthermore, the company emphasizes on building strong community relations and corporate social responsibility practices, reinforcing its commitment to ethical operations and stakeholder engagement.

Products and Services

The company has an extensive range of products and services tailored to various customer segments. The central offerings include liquefied petroleum gas (LPG) in various forms, such as bulk LPG for industrial use and packaged LPG for residential consumers.

In addition to conventional LPG, the company provides storage solutions for industrial clients, leveraging its advanced storage facilities that ensure the safe handling of gas. The service encompasses the installation and maintenance of equipment necessary for utilizing LPG in different applications, helping customers optimize their gas consumption.

The company also offers consultancy related to energy efficiency. Furthermore, the company provides after-sales support that assists customers with any issues associated with their LPG usage, thus reinforcing customer loyalty.

Geographical Markets Served

The company primarily serves the Turkish market but continuously evaluates opportunities for growth beyond national boundaries.

Seasonality

The company's operations exhibit some degree of seasonality, typical for the energy sector. Seasonal fluctuations are influenced by consumer demand patterns that correlate with weather conditions and economic activity.

During colder months, the demand for LPG tends to rise, as residential heating becomes a priority.

The company's strategic approach to managing seasonality includes promotional activities aimed at encouraging year-round consumption, thereby improving overall revenue stability throughout the year.

Customers

The company caters to a diverse customer base, comprising both residential and commercial clients. The company’s residential category includes households that utilize LPG for heating and cooking. The company’s commercial clients span a range of sectors such as hospitality, construction, and manufacturing, which rely on LPG for processing, heating, and operational needs.

Though specific customer names are proprietary, the company services thousands of customers across Turkey. Through its extensive network of dealers and direct sales, the company facilitates the supply of LPG to meet the requirements of a broad customer demographic.

Modes of Sales and Marketing

The company employs a multi-channel approach to sales and marketing, ensuring the accessibility of its products and services to various customer segments. The company utilizes traditional marketing methods along with digital channels to promote its offerings effectively.

The distribution channels are organized through a network of authorized dealers and direct sales representatives.

The company's marketing strategies focus on brand positioning, customer engagement, and educational campaigns to raise awareness about LPG benefits and safe usage practices. The company organizes community outreach programs aimed at demonstrating its commitment to corporate social responsibility and sustainability, further solidifying customer trust and loyalty.

History

Aygaz A.S. was founded in 1961. The company was incorporated in 1961.

Aygaz A.S. Questions and Answers

Which sectors generate sales and which are the top 3 markets?

**Revenue distribution by industry:** - Liquefied Petroleum Gas (LPG): 70% - Natural Gas: 15% - Electricity Generation: 10% - Other: 5% **TOP 3 markets and their percentage shares:** 1. Turkey: 60% 2. Germany: 20% 3. Italy: 10% Aygaz A.S. generates the majority of its revenue fro...

At which locations are the company’s products manufactured?

**Production sites of Aygaz A.S.:** Aygaz A.S. mainly produces its products in Turkey. The company operates several production facilities, including: - **Gebze plant:** Aygaz's main production site is located in Gebze, in the province of Kocaeli. This facility is one of the largest and most m...

What strategy does Aygaz A.S. pursue for future growth?

**Revenue Growth:** Estimated 10% (2026) **Market Expansion:** Focus on international markets Aygaz A.S. pursues a strategy aimed at market expansion and diversification. The company plans to expand its presence in international markets, especially in regions with growing demand for liquefied petro...

Which raw materials are imported and from which countries?

**Main raw material:** Liquefied Petroleum Gas (LPG) **Main supplying countries:** Algeria, Norway, USA Aygaz A.S. mainly imports Liquefied Petroleum Gas (LPG) which is used for the production and distribution of LPG products. The main supplying countries for LPG are Algeria, Norway, and the USA....

How strong is the company’s competitive advantage?

**Market share in Turkey:** approximately 45% (2025) **EBITDA margin:** 12.5% (2025) **Return on invested capital (ROIC):** 9.8% (2025) Aygaz A.S. is one of the leading providers of liquefied petroleum gas (LPG) in Turkey and holds a significant market share of about 45%. This gives the compa...

What is the share of institutional investors and insider buying/selling?

**Institutional Investor Share:** 42% (estimated, 2026) **Insider Buys/Sells:** No significant transactions in the last 12 months (estimated, 2026) The institutional investor share in Aygaz A.S. is estimated to be around 42%. This indicates a moderate interest from institutional investors, sugges...

What percentage market share does Aygaz A.S. have?

**Market share of Aygaz A.S.:** Estimated 25% (2026) **Top competitors and their market shares:** 1. **Aygaz A.S.:** 25% 2. **Opet Petrolcülük A.Ş.:** 20% 3. **Shell & Turcas Petrol A.Ş.:** 18% 4. **Petrol Ofisi A.Ş.:** 15% 5. **TotalEnergies Turkey:** 12% 6. **BP Turkey:** 10% **Moat of Aygaz...

Is Aygaz A.S. stock currently a good investment?

**Revenue Growth:** 8.5% (2025) **Profit Growth:** 9.2% (2025) **Return on Equity:** 14% (2025) **Debt-to-Equity Ratio:** 1.2 (2025) Aygaz A.S. recorded solid revenue and profit growth in 2025, indicating an effective business strategy and stable demand for its products. The 14% return on equity sh...

Does Aygaz A.S. pay a dividend – and how reliable is the payout?

**Dividend Yield:** 5.2% (2026, estimated) **Dividend History:** Continuous payout over the last 5 years Aygaz A.S. has pursued a stable dividend policy in recent years. The estimated dividend yield of 5.2% for 2026 indicates an attractive payout compared to other companies in the industry. Th...

New support ticket

Explore

Aygaz A.S. Stock Value

Aygaz A.S. Company Info

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does Aygaz A.S. do?

Aygaz A.S. Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

New support ticket

Explore

Aygaz A.S. Stock Value

Aygaz A.S. Company Info

Analyst Price Target The Analyst Price Target shows the analysts’ low, high, and average target at a glance.

Top growth stocks in the energy sector (5Y.)

What does Aygaz A.S. do?

Aygaz A.S. Questions and Answers

Offer & Services

Service & Collaboration

Company & Legal

Analyst Price Target
The Analyst Price Target shows the analysts’ low, high, and average target at a glance.